Winning at Life with Gregory Ricks

How can you write off stock losses? Hear a caller from one hour of Saturday's show right next to Jude Heath's answer from the next hour. And yes, there is a way to write off more than $3,000 in losses per year.

Jocelyn in River Ridge asks what's the total cap on annual contributions you could make to an IRA, 401k, and Roth IRA combined.

Time is running out on making contributions to your Roth IRA and 401k.

Amazon's third party sellers make up the majority of revenue, and there's venture capital firms that go around looking for little companies to buy on Amazon.

Sal in Mandeville: Should I accelerate my mortgage payments, or invest my extra money?

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Learn 8 year-end tax tips to save money.

Is college a bad investment? Gregory has some words of caution before going into debt to get a degree.

Gregory shows your ways to keep you Social Security income at a lower tax rate.

Will in River Ridge took some big stock losses last year. Can he write off the losses anyway other than the $3,000-per-year carry forward? Jude Heath, CPA joins the show and says he can write off more against current capital gains income.

Jack in Metairie asks Gregory Ricks and Jude Heath about washing some of the capital gains from the sale of a rental property against his capital losses in the stock market.

Al in River Ridge goes deep in the weeds with Gregory and Jude about keeping up with an inter-generational stock's cost basis.

Taxes are probably going up. You may as well be prepared.

Cindy in Biloxi sold some stocks for a loss in her 457b plan. Does she have to report that loss on her taxes now, or will that be settled up when she starts taking money out?

Susan in Metairie asks if she should skip her Required Minimum Distribution for 2020.

Jocelyn in River Ridge asks what's the total cap on annual contributions you could make to an IRA, 401k, and Roth IRA combined.

Pat in Slidell wants to know what's her best options for Spousal Social Security benefits.

Carl in Moss Points asks how his spouse's benefits based on his Social Security Disability record will be figured.

Gregory gives you a deeper discussion on the 8 year-end tax tips to save money.

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Students at Slidell High School are starting an Investing Club, and reached out to the show to ask where they should begin.

Gregory thinks interest rates going up anytime soon is a myth. Invest accordingly.

2 of the best 3 months in the stock market in the last 30 years happened in 2020.

Learn 8 year-end tax tips to save money.

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Ask your questions at https://inspirlang.com/ask

Check out our available Zoom classes: http://inspirlang.com/zoom

Get our digital/paperback book at https://inspirlang.com/lovemando

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Another local restaurant shuts its doors forever, and Gregory offers some direction and support for those who have been recently unemployed.

Keith in New Orleans asks about what to do with two old 401k accounts from previous emloyers. Could that money be used to pay off a mortgage early?

Pay less in taxes during retirement by positioning your assets so your Social Security is taxed at a lower rate.

Robert in Mobile wants to retire early at age 62, but how does he cover his healthcare until he's eligible for Medicare at age 65?

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The Federal Trade Commision sues a shady company selling bad stock advice. Learn the signs of what to look for to avoid investing your money with the wrong people.

Scott in Mississippi asks Gregory's thoughts on precious metals as a short term play.

Charles in Covington asks Gregory's recommendation on where to find reliable sources for stock trading.

Proposed tax reforms from Joe Biden seek to eliminate the 1031 exchange, which allows you to defer taxes on the sale of an asset by rolling that gain into a similar investment asset.

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Mike in Convent turned on his Social Security retirement benefit after his full retirement age, and is upset his Medicare premiums are biting into his Social Security check. Gregory shows that Medicare premiums are based on your income in the last tax filing.

Bill in Slidell asks how the timeline works on Roth IRA conversions.

Christy on Youtube Live asks Gregory about the age 55 exception for early withdrawals from her TSP account.

The Numbers were mixed, with the NASDAQ setting a new record high.

Another story of a group pretending to be financial advisor getting charged for defrauding his clients with a Ponzi scheme.

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Gregory shares his experience on this week's business trip, where airports are not quite back to normal, but getting better. The Job Report shows the Unemployment Rate dropped less than expected, and the contrast between states is stark.

Kudlow audio clips give us a good idea what legislation could affect your money in the short session ending this week. The current spending bill expires this week, possible coronavirus stimulus, and liability protections are all on the table.

What are your Social Security options if you're self employed, but your spouse is a regular employee? Dana in Slidell asks about her spousal options.

Neville on the Causeway asks if there's some type of fund for distressed stocks. Gregory hasn't seen an ETF or Mutual Fund labeled as such, but there are sector-specific funds that can acheive a similar result.

Wes Blanchard, the Estate Planning Attorney of the Total Wealth Authority, is seeing a lot of contested successions, and one of the common culprits is a hand written will. If you absolutely insist on doing it yourself, avoid a few common mistakes that could ruin your hand written will.

Paul in Ocean Springs has a CD that's up for renewal, but the interest rate is so low, he wants to put it somewhere he can get a higher yield.

Wayne in Slidell asks Gregory's thoughts on following the trades of CEOs

Bert in Ocean Springs wants to know the rules on how Capital Gains taxes work on a short term stock gain.

Doug in Mandeville is on Disability, and is thinking of getting a rental property. Would rental income affect his eligibility for Disability?

Bill in Slidell asks how the timeline works on Roth IRA conversions.

Robert in Thibodaux is interested in buying a $3 stock for a startup with some new technological breakthrough. He believes this company is about to take off.

May in Lacombe is concerned about her taxes going up under a new president, and asks about the proposed changes in the step-up basis on capital gains.

Mike in Convent turned on his Social Security retirement benefit after his full retirement age, and is upset his Medicare premiums are biting into his Social Security check.

http://www.WinningAtLife.com

Ask your questions at http://inspirlang.com/ask

Check out our available Zoom classes: http://inspirlang.com/zoom

Get our digital/paperback book at https://inspirlang.com/lovemando

Youtube: https://youtube.com/c/inspirlang

Facebook: https://facebook.com/inspirlang

Instagram: @inspirlang

Twitter: @inspirlang

Hear women's questions about their Social Security scenario.

Dana in Slidell asks what her Social Security options will look like. She's a 1099 contracter who doesn't pay much into Social Security, but her husband does.

Frank in New Orleans calls on behalf of his mom who is currently on Social Security retirement benefits. Could she increase her benefit by switching to her now-deceased ex husband?

John in Kenner asks Gregory the best way to get in contact with his local Social Security office.

Patricia in Baton Rouge wants to know if she has to return the Social Security check seny to her dad the month after he dies.

Charlie in Van Cleave needs to start taking distributions from his TSP, and wants to know if he should roll it over to an IRA.

John in Madisonville should I cash out my TSP or roll it over to an IRA?

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