Winning at Life with Gregory Ricks

Winning at Life with Gregory Ricks

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Winning at Life with Gregory Ricks episodes

  • Episode 1160: The Daily Wrap 05.27.21
    The Wine, Wisdom, and Food experience is now on a waiting list! Gregory hosts a wine pairing, and a financial talk with a focus on tax planning, and a tactical element added to the Invest 50-50.

    Our restaurant of the week is Doris Metropolitan: a steakhouse in the French Quarter. You can see the different cuts of meat aging in the dry room at the front of the house.

    What should you do with your old 401k?

    Lenny in Slidell asks about the math of having a stock that's falling in price, but pays a good dividend.

    AT&T is in a constant battle with their corporate structure trying to sustain the burden of carrying the heaviest debt load of any American company.

    Are you investing or speculating? Learn to recognize and avoid speculative assets.

    Learn 3 strategies that may help you delay turning on your Social Security to get a higher benefit.
    33 min
  • Episode 1159: The Daily Wrap 05.26.21
    Our restaurant of the week is Doris Metropolitan: a steakhouse in the French Quarter. You can see the different cuts of meat aging in the dry room at the front of the house.

    The Wine, Wisdom, and Food experience is back! Gregory hosts a wine pairing, and a financial talk with a focus on tax planning, and a tactical element added to the Invest 50-50.

    Ford is throwing billions at their Electic Vehicle development. Will it pay off? We've heard electric cars are the future for decades, and Ford's stock is now at a 10 year high.

    Inflation is here, and don't expect it to be temporary.

    Wednesday Q&A: What do you do if your financial guy vanishes? Bill in Mobile can't get a hold of the lady that handled his business's books and taxes. How can he get copies of his tax returns and other important documents?
    36 min
  • Episode 1158: The Daily Wrap 05.25.21
    The Wine, Wisdom, and Food experience is back! Gregory hosts a wine pairing, and a financial talk with a focus on tax planning, and a tactical element added to the Invest 50-50.

    Housing prices take a huge leap, and there's a lot more than lumber causing the rise.

    Jeff Bezos must not be much of a football fan. He could easily buy a team, and it's an ultra-rich status symbol.

    The recent crypto crash has signs of investors getting out of the game.

    One big advantage of turning on Social Security at age 65 is that it covers your Medicare premium.

    39 min
  • Episode 1157: The Daily Wrap 05.24.21
    The Wine, Wisdom, and Food experience is back! Gregory hosts a wine pairing, and a financial talk with a focus on tax planning, and a tactical element added to the Invest 50-50.

    The Numbers are mostly positive. Gregory reports that the streaming wars may be over, and Netflix is the winner.

    Our restaurant of the week is Doris Metropolitan: a steakhouse in the French Quarter. You can see the different cuts of meat aging in the dry room at the front of the house.

    Lolo in Kenner is selling her rentals, because she and her husband are too old to be keeping up with all that. What should they do with the money from the sales?

    Gregory explains how some households with children are going to be receiving Child Tax Credit Advances starting in July.
    42 min
  • Episode 1156: The Weekly Wrap 05.22.21
    Hear the financial headlines of the week, and look ahead at the week to come. Gregory explains how the wild week in crypto currencies keeps this asset class off the table.

    Our restaurant of the week is Susan Spicer's patio cafe in Midcity: Rosedale. Susan Spicer joins the show to talk about her business.

    The Wine, Wisdom, and Food experience is back! Gregory hosts a wine pairing, and a financial talk with a focus on tax planning, and a tactical element added to the Invest 50-50.

    Jude Heath CPA joins the show, and updates you on the rules changes for this year's tax season, and how some of the unemployment bonuses are being handled by the IRS.

    Steve in Algiers asks if he should refile his daughter's taxes to get the Unemployment income exclusion.

    Jude Heath explains how the process to get caught up on unfiled tax returns is fairly quick and easy. It may not be cheap, but you can be on the path to resolution within days.

    The ranks of the retail trader were boosted through apps like Robinhood last year. Now, over a million new traders are discovering their stocks trades may come with a hefty bill for the tax man.

    Gregory and Jude explain how some households are going to be receiving Child Tax Credit Advances starting in July.

    Lolo in Kenner is selling her rentals, because she and her husband are too old to be keeping up with all that. What should they do with the money from the sales?

    Phillip in Marrero asks if a cash business can fly under the rader of the IRS.

    Gregory has a preview of the new spending plan proposed by the Biden Administration.

    Julio on Youtube asks:
    So what is the answer to this question? Should I use my 401(k) to pay off my rental property? I have $220,000 in my 401(k). I owe $204,000 on my three unit rental property. It generates $3,250 a month. The interest rate on my rental property is 3.625%. I currently pay $1, 863 a month on the mortgage.

    Curtis on Youtube asks:
    what advice can you give to a beginner who just got into trading? I'm about giving up because I don't make enough profits like people talk about it, my account gets liquidated.
    2 hr 6 min
  • Episode 1155: The Daily Wrap 05.20.21
    Our restaurant of the week is Susan Spicer's patio cafe in Midcity: Rosedale.

    The Wine, Wisdom, and Food experience is back! Gregory hosts a wine pairing, and a financial talk with a focus on tax planning, and a tactical element added to the Invest 50-50.

    Sam in Gretna is changing firms. How does he evaluate between different Mutual Funds and ETFs? How does he figure out which new firm would be the right fit?

    How does he move the money without triggering some sort of tax or penalty?

    The average IRA balance reaches an all time high, but is it enough to retire on? Is average enough?
    40 min
  • Episode 1154: The Daily Wrap 05.19.21
    The Wine, Wisdom, and Food experience is back! Gregory hosts a wine pairing, and a financial talk with a focus on tax planning, and a tactical element added to the Invest 50-50.

    The Numbers were in the red, but nothing catastrophic.

    The talk of the day was the dive in crypto currencies. Bitcoin fell about 30% from its recent record high. Gregory explains how cryptos are not investing, they are speculating.

    Lumber fell a bit, but remains in the clouds.

    Will inflation be temporary? Gregory review the case for transitory inflation.

    Julio on Youtube asks:
    So what is the answer to this question? Should I use my 401(k) to pay off my rental property? I have $220,000 in my 401(k). I owe $204,000 on my three unit rental property. It generates $3,250 a month. The interest rate on my rental property is 3.625%. I currently pay $1, 863 a month on the mortgage.

    Curtis on Youtube asks:
    what advice can you give to a beginner who just got into trading? I'm about giving up because I don't make enough profits like people talk about it, my account gets liquidated.

    Anna in New Orleans wants to convert her 401k to a Roth IRA. How much can she do at a time?
    35 min
  • Episode 1153: The Daily Wrap 05.17.21
    The Wine, Wisdom, and Food experience is back! Gregory hosts a wine pairing, and a financial talk with a focus on tax planning, and a tactical element added to the Invest 50-50.

    Elon Musk is battling blame for the recent crypto-crash, and another big bet against Telsa from a major short seller.

    Adam in Gulfport asks Gregory about the potential for a short squeeze with meme stocks. Gregory assures Adam that a short squeeze could happen, but the meme stock arena is off the rails and in speculation territory.

    Kenneth in Ocean Springs is concerned about inflation. What needs to be done to protect my investments?

    Steve in Algiers asks if he should refile his daughter's taxes to get the Unemployment income exclusion.

    Louisiana and Mississippi have the cheapest gas in the country. California is the most expensive.
    36 min
  • Episode 1152: The Weekly Wrap 05.15.21
    Hear the financial news of the week, and Gregory runs down a list of important financial events coming for the week ahead.

    Meet the founder of Reginelli's Pizza: Darryl Reginelli, who has not only made excellent pizza, but also utilized a unique ownership-sharing business model to add new locations.

    Sam in Gretna is changing firms. How does he figure out which new firm would be the right fit? How does he move the money without triggering some sort of tax or penalty?

    We review callers for Jude Heath, CPA. Jude talks about hiring your child for the family business, what to do if you're years behind on filing taxes, and a self employed married couple wants to start a 401k with their small business.

    Gregory has some sobering statistics on inflation across industries, and it's a bit shocking how fast prices are going up. Matching the real world with what the Fed has been saying is difficult, and Gregory talks about investing in these choppy waters.

    Ron in Gulfport is contributing to his 401k at work, and has more he could be saving. What about opening an IRA outside of his company plan?

    The price of gas jumped this week, with pressure coming from the hacked pipeline, a falling dollar, and the Middle East being even more unstable than usual. We can get the pipeline issue fixed, but expect the dollar to continue falling, and there's no expectation of resolution to be had when it comes to the Middle East.
    1 hr 37 min
  • Episode 1151: The Daily Wrap 05.12.21
    Tesla is no longer accepting Bitcoin for payment.

    The Numbers were pretty bad today, with every index in the red, and all of the short sheet in the red. The oil pipeline hack is causing some panic buying, but reports sound pretty optimistic about things returning to normal soon.

    The Consumer Price Index rockets past expectations to 4.2%. Gregory walks through another prediction from Stephanie Pomboy that is proven to be correct.

    The surge in the price of used cars is another big factor in inflation, and a general drag on lower income folks.
    40 min

About Winning at Life with Gregory Ricks

From the publisher's feed

Join Gregory, CEO & Wealth Advisor of Gregory Ricks Total Wealth, as he discusses a wide range of financial topics, providing education, insights, and helpful information for your financial…