Winning at Life with Gregory Ricks

A survey shows about half of Americans are pessimistic about the economy over the next 6 months. Gregory suggests if you're concerned about stock losses, take a look at the bond world for a little balance.

Gregory reviews a call from Richard on Saturday asking about how his various streams of income could affect his Social Security retirement benefit.

Gregory reveals what's really going on behind some of those financial service commercials and financial shows. Many are simply funneling leads to their paying cliental of actual financial service companies.

How do people get sucked into tax schemes and get-rich-quick schemes. Both pursuits are based on similar motivations, but the tax issues are far more likely you land you in jail.

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Gregory breaks down more details in Trump's tax returns, and how it's not unusual for businesses to consistently show losses. There's plenty of tax lessons to be learned here, too.

Greg in Laplace is not a Trump fan, and is not happy we are saying nice things about him.

How long with the Coronavirus be a drag on the economy?

Anita in New Orleans is divorced and remarried. Does she get to choose a spousal benefit from her current and ex spouse?

Does Social Security count marriages performed overseas? Carlos in Moss Point was married in China, and wants to make sure his wife qualifies for Social Security spousal and survivor benefits.

What do you do with a 401k at your old job? Bill in Holden asks Gregory about his options for his 401k at his former employer.

Brian in Metairie has been paying the max in Social Security taxes for about 30 years. Is he maxed out?

Richard in Slidell gets a VA disability check, and a pension from some private sector work. Will those income streams count against the earnings test if he starts his Social Security early?

How much income can you draw from your IRA before affecting the taxes on your Social Security? James in Mobile asks how to manage the brackets.

Gregory's wife Stacey calls in to wish Gregory a happy birthday!

What happens when a minor inherits an IRA? Steve in New Orleans has a brother who left his 11 year old daughter an inherited IRA last year. What are the rules and distribution requirements?

Cindy in New Orleans asks Gregory how your Social Security credits are indexed for inflation.

Richard in Slidell has a wife on Medicaid. Can he sell his house and use that money to buy a new one, or will that be affect his Medicaid status?

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What are the Social Security rules for a couple of divorcees who get married? Gregory helps Anita understand her options concerning her previous spouse and her new spouse, and what could change her situation in the future.

Gregory breaks down more details in Trump's tax returns, and how it's not unusual for businesses to consistently show losses. There's plenty of tax lessons to be learned here, too.

This year national deficit is almost too massive to comprehend. The country spent $4 trillion more than it took in this past fiscal year, and is clearly unsustainable.

When do you have to start Medicare?

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What do we learn from Trump's tax returns? The fact he pays zero in federal income taxes some years deserves an incredible amount of context. Gregory breaks down how your tax burden deserves the same context.

We review a call from Saturday about spousal Social Security strategies.

Doc in Pearl River inherited a bunch of physical silver from his father. What should he do with a big pile of silver coins?

How is wealth really created? There's a popular perception that you can become rich by growing your money in the stock market. Gregory points out that very few of the richest people in America did so through stock investing. Most of the top 1% made their money elsewhere, with a little extra added on from their stock portfolio.

The latest numbers on private sector job creation give us a sense that the economic recovery is continuing at a decent pace.

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Anita in New Orleans is divorced and remarried. Does she get to choose a spousal benefit from her current and ex spouse?

Patricia in New Orleans asks if her IRA's Required Minimum Distribution can go into a Roth IRA. Gregory points out the RMD has to be taken, and the taxes have to be accounted for, but getting money into a Roth IRA is dependent on your earned income, so it's a completely separate discussion.

Does 401k/IRA withdrawals count toward the earnings limit on early Social Security. Jeff in Lacombe is retired at 64, and has gotten conflicting advice on the rules.

Patricia in New Orleans discovered her husband's pension should've paid her out the last 10 years. She's getting 10 years worth of checks in a lump sum.

Charlie in Baton Rouge asks if he should still make his Qualified Charitable Distribution even though Required Minimum Distributions are waived for 2020.

If you think you may be due a benefit from Social Security, file a claim. Gregory shares the story of a widow who missed years of checks because she got some bad advice.

David in Hahnville asks if he can get a raise on his Social Security check by continuing to work and paying into the system.

Wes Blanchard gives you 3 quick steps to get your estate plan together.

Learn some of the sneaky ways lawyers get extra fees and compensation from their clients.

Can you pass along your Power of Attorney to someone else? Mike in Covington's wife has Power of Attorney over her elderly parents, and has a terminal medical condition.

Treeco did a great job helping Gregory and Stacey out with their tree issues.

Wes Blanchard shares a legal opinion on the eviction moratorium issues hurting our local landlords.

Gregory shares his meeting with a giant turtle in the road.

LSU Football tickets are twice as high for this year's home opener on the secondary market.

American College of Financial Services reports on a survey of financial literacy, and the results are dismal.

Ronald in Baton Rouge has retired early and is living off income from his assets. Should he go ahead and turn on Social Security at age 62 so he doesn't have to take as much from his assets?

George in Mandeville asks how he and his wife can get the biggest benefits from their spousal Social Security options.

http://www.WinningAtLife.com

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 some of the shady moves in the financial planning industry. Just because something is legal, doesn't mean it's the right thing to do.

Gregory reviews two quick callers on the Windfall Elimination Provision.

The new webinar on Medicare covers the basics on how to pick the right plans.

What do you do with the 401k from a previous job? What do you do with a 401k once you retire?

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Check your Social Security credits! Gregory shows you how to find errors in your Social Security record, and if you can get it fixed.

How does Medicare work? Gregory's latest webinar series focuses on the rules for how to start Medicare.

Gregory rescues a giant turtle.

How will the political changes of the 2020 affect your money? If you're so worried about it, maybe you should move away from your riskier assets.

You should check out the Ask Gregory podcast. It's a new series where Gregory addresses financial issues one topic at a time.

How do you start Medicare if you're still working?

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How will this election affect your money? Gregory calms the waters, and explains why the results of this election will not have much affect in the long term statistics.

The open Supreme Court seat will cause a lot of noise in DC, but no big lasting affect on Wall Street. Gregory points out the high emotions around these issues could contribute to volatility, but only for a while.

Gregory reminds you to support your local restaurant.

Two of the big winners of 2020 are office furniture and yoga pants. Both have a new demand as more people are working from home AND sitting around the house in comfortable pants.

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