If you're playing catch up with your finances, maybe it's time for a side gig to generate some extra income. With the technology of today, side gigs are more flexible than ever.

When Bruce in New Orleans asked his insurance company for a homeowners policy on his rent house, they said he would have to get landlord's insurance, because the second house is owned by an LLC. Gregory Ricks shares some insight on getting the right insurance coverage for situations like owning a rental.

Mike in Slidell is thinking about paying off his townhouse rental with money from a sale from another rental. Gregory stresses it's all about the numbers. If the net amount of return from that property is high enough, go for it.

Mary in Houma asks Gregory if she can draw extra money from an annuity above what the income rider provides. Gregory says she probably can take additional distributions, but it will accelerate the time table for spending down. Mary follows up with a question about how Medicare premiums are taken from her Social Security benefit.

The next Gregory Ricks Live is coming up Tuesday, July 10th, 6:30pm. Come find out more about Gregory Ricks and what he can do for you.

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