Winning at Life with Gregory Ricks

Winning at Life Daily Wrap: 04.17.18


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It's Tax Day, but the IRS website that takes direct payments crashed today, so Treasury Secretary Steve Mnuchin says we have an extra day to file electronically.

Gregory Ricks shares some additional thoughts on Bob Breck's advice from Saturday's show. Bob stressed the importance of considering taxes if all of your money is in a 401k or IRA.

How is hush money taxed? If you get money from a non-disclosure agreement, do you have to report that to the IRS? Is it taxable? Can it be a tax write off as a business expense for the guy cutting the check?

Donna from Kenner has an Health Savings Account, and it seems like a great way to save some pre-tax money that could ultimately be used in retirement. She has around $20k saved in her HSA, and asks Gregory if that's too much or too little? Gregory warns against getting aggressive with investments within an HSA, and treat it like emergency money.

Our next Gregory Ricks Live is coming up Tuesday, May 8, 6:30pm at Ruth's Chris in Metairie. It is for women only and pairs together great wine, wisdom, and food. If you think Gregory Ricks could help you with your money, RSVP at GregoryRicks.com or 504.832.9200.

A roofer in West Monroe repossed his work for non-payment according to a local report. Pay your debts, folks.

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