Winning at Life with Gregory Ricks

Winning at Life Daily Wrap: 04.20.18


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North Korea says they will suspend their nuclear program to have talks. It's a historic move politically, but also means this battle of tariff proposals between the US and China is getting results. This could mean we avoid a trade war AND open up Chinese markets for US trade.

The financial consequences of a NFL team's first round draft bust is worth about $10 million. The Saints recent draft success has been improving their money and talent.

Gregory shares a client case with a pretty flexible pension through Mississippi FERS. He can do a full or partial lump sum, and have COLA increases on his payout. Gregory walks through the math and other considerations on how they decided how to best utilize the pension options. There's also some tax issues to keep in mind.

Well Fargo has agreed to pay another fine to the CFPB, although seeing as how the CFPB gets to keep half the money, something smells shady. It looks like a business can do shady things and avoid criminal prosecution if they simply pay this agency a kickback. Does it create a conflict of interest that a supposed consumer protection agency stands to gain financially the more consumers are violated?

Larry in Picayune calls in to ask Gregory's opinion on how he should start saving money on behalf og his young children. Does he need to invest that money, or just leave it in a regular savings account or what?

Gregory talks about having some fun earlier today at Nola Motorsports Park.

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.

Larry calls in from Long Beach with a good problem. Even though he's in his mid 50s, he has no retirement savings, but a new business venture is now pulling in about $15,000 a month. Now that he has the extra income, how does he play catch up? Gregory starts with making sure his business is structured properly, and getting some retirement savings built up through his company plan.

Nick calls from Hammond to ask Gregory's opinion on using a life insurance policy as a tax-efficient source of income in retirement.

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