Winning at Life with Gregory Ricks

The Weekly Wrap: 12.14.19


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00:14 - The Dangers of Store Credit Cards. A report shows one of the biggest financial mistakes made over the holidays is signing up for new store credit cards. The interest rate on some of these cards is 30%!

09:55 - Gregory shares the story of a local retiree who had used the File and Suspend option on his Social Security record, and was surprised when he started receiving checks automatically at age 70. Gregory explains how the now-extinct File and Suspend option works, and how you can take advantage of retroactive benefits.

16:55 - John in New Orleans is getting hit with a huge jump in Medicare premiums since beginning his Required Minimum Distributions from his IRA. Is there anything you can do to reduce those Medicare premiums?

22:11 - Dale in Long Beach is having some issues with his Medicare Premiums, and wants to know if shifting money into different financial products could help.

28:18 - More Americans are choosing to die at home. For the first time in decades, more Americans who died of natural causes chose home hospice care over staying in the hospital.

34:31 - Robert in Thibodaux has some questions about his mom's irrevokable trust.

38:18 - We continue the discussion on how you can be ready to die in the comfort of your own home when the time comes. It takes a little more planning, and isn't free, but you can make it happen.

52:33 - Are you really all up to date with you Beneficiary Designations? What about your Alternate Beneficiaries? The end of the year is a good time to make some updates to your financial plan.

56:05 - China and the US announce they have agreed to a framework for Phase One of the new trade deal, and dodging the new tariff deadline set for Sunday. One side of the media is saying it's awful, the other side says it's great, and we say we don't know because NO ONE HAS SEEN THE TEXT.

1:11:40 - Byron in Houma is self employed and is concerned his business structure keeps his taxes low, but his Social Security record has suffered as a result.

1:17:39 - A comment card from Gregory's latest public speaking event asks for guidance on how to handle an inherited IRA. How do you settle up the taxes, satisfy the Required Minimum Distributions, and invest that money?

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