Winning at Life with Gregory Ricks

The Weekly Wrap: 08.18.18


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0:01:19 - We review the top financial headlines of the week, and James tells the story of how he came home from a charity gala last night with two new guitars.

0:13:45 - Gregory goes into a lot more depth on how a 7702 plan works. How is it structured? How is it funded? How can it be used for tax free income? How is it different than a Roth IRA? Gregory gives some numbers on how a 7702 plan was set up.

0:18:46 - Do you need to have earned income to contribute to a 7702 plan? John in Violet asks Gregory if he can get some of his existed assets positioned for tax free income.

0:23:59 - Gregory in Metairie shares his appreciation for Gregory Ricks going into more details on the options in the life insurance world.

0:41:32 - So you want a bigger house, and you finally have some money to make that happen. How do you know if you should add on to your existing house, or move? And if you choose to move, how do you know if you should build a new house or get an existing one? This week's guest from the Total Wealth Authority, Lesha Nugent Freeland of Keller Williams Realty, has tips for when you are looking to upgrade your house.

1:02:54 - Adding on to your house may make it much harder to sell! Lesha Nugent Freeland shares the pain of a couple that added on a second story when grandma moved in to help out with the kids. Now the house is almost twice as big as every other house in the neighborhood, and a very unpopular mansard roof style doesn't help much either.

1:29:49 - You have 3 beneficiary options in your IRA. Gregory decodes the details of how to know which IRA beneficiary option fits your situation.

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Winning at Life with Gregory RicksBy Winning at Life with Gregory Ricks