Winning at Life with Gregory Ricks

Winning at Life Daily Wrap: 03.31.18


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Gregory explains how the rules for Required Minimum Distributions are calculated for a 401k after age 71 if you are still working at that job.

Jim in Bush calls to ask Gregory how his IRA's Required Minimum Distribution is calculated.

Dale calls in from the Northshore to ask Gregory how his IRA's Required Minimum Distribution is calculated.

Charles calls in from Mobile to ask Gregory Ricks about the tax implications of selling a house that he's lived in for less than two years. Jude Heath, the CPA of the Total Wealth Authority, adds to the guidance from an accounting perspective.

Jude Heath explains how keeping records on home improvement expenses for your home could lower your capital gains exposure when the house is sold. Keep in mind there's a 10 year statute of limitations on home expenses being applied to your cost basis, and review your records with your accountant before putting the house up for sale.

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