Winning at Life with Gregory Ricks

The Weekly Wrap: 11.02.19


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00:51 - John in New Orleans asks Gregory how to get the most out of his Social Security benefits utilizing the right spousal benefits strategy. The rules have changed in the last few years, and Gregory checks the rules to let John know where he stands.

09:45 - Is Long Term Care Insurance worth the cost? Sharon in Picayune is not a fan of the high premiums and likelyhood the insurance will go unused. Gregory generally leans toward having Long Term Care Insurance if you can afford it.

12:12 - Sharon in Picayune asks Gregory if Medicare for All plans could save money by reducing emergency room visits. Gregory points out that Medicare for All plans are nothing like Medicare and incredibly misleading. Medicare has premiums, co-pays, deductibles, doctor networks, and don't cover all of your medical bills nor long term care. Under Medicare, there is still a need for several different types of insurance coverages to fill the gaps. On top of all that, there's no real reason to believe it would ultimately save money on emergency room visits.

16:09 - Gregory shares some of his history of flipping cars as a teenager, and mastering the basic of business deals at a very young age.

20:38 - Gregory analyzes some of the new taxes proposed to pay for Socialized Medicine plan from a presidential candidate. There are some serious economic flaws in nationalizing the healthcare industry.

27:58 - Avoid these car buying mistakes! Gregory elaborates on a solid list of mistakes people often make when buying a car.

36:43 - What does it mean when you see commercials offering to buy your life insurance policy?

46:46 - Gregory gives you the truth behind some of the bonuses and guarantees on annuities.

51:31 - Are you affected by your business partner's tax problems? Tony in New Orleans is concerned because one of his business partners hasn't filed his personal taxes for around 10 years, and worries the IRS could freeze/garnish some of the business assets.

1:00:07 - Gregory finishes the show by answering the flurry of questions that came in through social media and the Winning at Life app during the course of the show.

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