Winning at Life with Gregory Ricks

The Weekly Wrap: 12.29.18


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01:18 - Volatility in the stock markets have been incredible lately. Gregory sees more downside coming, and the first big test to the falling market will be earnings season.

04:47 - Sears isn't dead, but Gregory explains how it's on life support.

08:19 - Wells Fargo pays a big settlement, but no one really gets in trouble. It appears the CFPB is OK with business scams as long as they get their cut.

12:52 - Gregory and James review their predictions for 2018, and see how well they stood the test of time.

17:03 - Gregory responds to audio from Peter Schiff and Alan Greenspan and their predictions for the financial world.

23:11 - Gregory shares the story of a client who called the office worried about losing money in the falling stock market. No problem though, because Gregory had his managed money out of the markets for a while.

33:30 - The government is partially shutdown while the two political parties continue a stalemate over funding a border wall. Gregory reviews some of the details around the issue, and how it could affect your money in the long term.

44:04 - Wes Blanchard, Estate Planning Attorny of the Total Wealth Authority, is in studio and we review some of his top callers from 2018.

49:35 - More and more people are choosing to die naturally at home rather than a hospital or hospice facility.

1:06:56 - Robin in Picayune asks Wes and Gregory how to handle the death of her kids' father. The Dad had remarried, but the new wife isn't filing succession, so can the child file?

1:17:40 - Wes reviews some more of his top callers from 2018 on Winning at Life.

1:22:55 - Jeff in Metairie asks Wes and Gregory if a Savings Bonds with a P.O.D. designation has to go through probate or succession.

1:29:56 - Wes in Gulfport asks Gregory what to expect tax-wise from the sale of a commercial property. Gregory gives a few options, including how to get a sense of where he would land in the tax brackets, adjustments in income outside of the transaction, and maybe taking a look at a 1031 exchange to minimize the tax hit.

1:36:55 - Jenny in Laurel asks Gregory how to handle claiming her son as a dependent for half of the year, because her mom may be claiming him as a dependent for the whole year.

1:40:14 - Ty in Sardis is looking to retire in 5 years, and is concerned about the hit his investments have taken recently. Should he just get out, or stay the course?

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