Winning at Life with Gregory Ricks

Winning at Life with Gregory Ricks

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Winning at Life with Gregory Ricks episodes

  • The Weekly Wrap: 09.19.20
    Gregory explains how the biggest news stories of the week will affect your money.

    How does the Windfall Elimination Provision affect your Social Security benefits for you and your spouse?

    Thomas in Gonzales asks if he has enough of a private sector work history to be exempted from the Windfall Elimination Provision.

    Pat in Slidell found an error in his Social Security earnings history. Can he get those credits updated and have them recalculate?

    Chris is Destrehan asks if he has enough of a private sector work history to be exempted from the Windfall Elimination Provision.

    Jude Heath CPA describes how your taxes change when you move from employment into retirement. Gregory and Jude share tips on managing your tax bracket with different income streams.

    How can you take advantage of Roth IRAs to keep your taxes low in retirement?

    Gregory warns against the myth of any safe investments promising a 10% return.

    Rollover IRAs carry the liability protection of a 401k with them. Janet in Mandeville asks Gregory about the liability protection rules for a rollover IRA.

    The old rules for inheriting IRAs are gone, including the stretch option. So what options does that leave for the money in your IRA after you pass away?

    Gregory gives you a statistical history of why the markets 10% average return is misleading, and how drawing 4% from your portfolio in retirement will stress your assets.

    http://www.WinningAtLife.com
    1 hr 37 min
  • The Daily Wrap: 09.17.20
    Gregory reviews some financial stats from last year's Half Show.

    Ron in Pascagoula asks Gregory's thoughts on how to fix some of the Social Security exceptions like the Windfall Elimination Provision.

    The old rules for inheriting IRAs are gone, including the stretch option. So what options does that leave for the money in your IRA after you pass away?

    http://www.WinningAtLife.com
    1 min
  • The Daily Wrap: 09.16.20
    Michael in New Orleans is looking at getting a second home on the beach just 45 minutes out of town. What lending tool should he use to finance his weekend getaway?

    Beware of these 3 common money scams. Gregory gives you the signs of the most common ways people are separated from their money by scammers.

    Financial Rules to Live By: Gregory reviews quotes of financial wisdom throughout the years of the show.

    http://www.WinningAtLife.com
    33 min
  • The Daily Wrap: 09.15.20
    Jim in New Orleans likes the idea of a Roth 401k so much, he asks: why would you use a traditional 401k? If you're looking to put away even more money, see if you qualify to contribute to an HSA.

    A myth of Social Security is that if you turn it on early, you get a boost when you reach your Full Retirement Age. Hear how it really works.

    Who DOESN'T need Estate Planning? There's some people for whom an estate plan doesn't make sense, but it's not a big fraction of the population.

    The Numbers are starting to reveal what is expected from the election, and volatility.

    http://www.WinningAtLife.com
    35 min
  • The Daily Wrap: 09.14.20
    When do you no longer need life insurance? Should you always have life insurance if you have a mortgage? Gregory breaks down some questions to ask yourself before you cash out your life insurance policy.

    How does the transition work between Social Security Disability and the Social Security retirement trust fund.

    Charles from Mandeville has called on Saturday's show asking about getting into private venture capital investing. Gregory stressed how risky that world can be. James shares the cold stats on how brutal venture capital can be for investors, and how the US dominates the world in startups.

    http://www.WinningAtLife.com
    27 min
  • The Weekly Wrap: 09.12.20
    The enhanced unemployment benefits are about to expire in Louisiana, and about the begin in Mississippi.

    Gregory has some 401k advice for National 401k Day.

    Jim in New Orleans likes the idea of a Roth 401k so much, he asks: why would you use a traditional 401k?

    Maria in Diamondhead has a 401k from her previous job, but her new job doesn't offer a 401k program. What should she do with the old 401k, and how should she save for retirement going forward?

    Gregory explains how you can use the money piled up in your 401k to create a lifetime income stream in retirement.

    Dwayne Stein of Mortgage Gumbo is our guest, and is celebrating 6 years of his show.

    Is Private Venture Capital too risky for individual investors? Charles in Mandeville asks Gregory's thoughts on venture capital, and Gregory recommends you should be prepared sustain heavy losses.

    Dwayne Stein explains the different mortgage types, and breaks down the 3 big government programs.

    Linda in Mandeville asks Dwayne Stein and Gregory Ricks if recasting the mortgage on her rental property could result in a lower interest rate. She's trying to get that mortgage paid off over the next few years so she can have an income property free and clear.

    Gregory and Dwayne discuss the new half percent fee on mortgages.

    Dwayne reviews a recent caller who asked about refinancing his mortgage at age 68.

    If you're self employed, when and how do you set yourself up a 401k?

    Ask your partner these 7 financial questions BEFORE you get married!

    http://www.WinningAtLife.com
    1 hr 24 min
  • The Daily Wrap: 09.10.20
    Black Friday is going to look very different. Retailers who want to avoid the crowds and mobs of an in-store sale are opting for online door busters. Home Depot is among the retailers spreading out their specials over a two month span.

    Dennis in Mississippi asks if his wife could qualify for Social Security Disability without a recent work record. Gregory confirms the key is going to be what she's done in the last 10 years.

    Will in Metairie asks if his payroll taxes from self-employment could boost his monthly check.

    Are you too old to refinance your mortgage? Mark in Metairie is considering a refinance on his mortgage at age 68.

    http://www.WinningAtLife.com
    34 min
  • The Weekly Wrap: 09.05.20
    What's the deal with stock slices? Charles in Mandeville asks Gregory's take on a program from a broker allowing you to buy smaller slices of high priced stocks.

    Learn how Social Security credits work.

    How do different states tax your Social Security?

    Is the Unemployment Insurance bonus from the stimulus taxable?

    Gregory explains how this is the fastest Bull Run turnaround in the history of the stock market.

    Jared in Kenner wants to pull money out of his 401k to pay off his mortgage. Usually these callers get a stern "no" for an answer, but Jared has a low payoff amount, a mortgage with a relatively high interest rate, and there's no penalty this year on 401k distributions this year because of Covid, as long as he can pay the money back on time. Jared gets a stong "maybe."

    How should you dip into your assets to deal with a huge medical bill? Michael in Madison, MS has over a million in investment assets - mostly stocks - and has some unexpected medical costs hit his spouse.

    Gregory has some warnings for those who are trying to time the market. History is not on your side.

    http://www.WinningAtLife.com
    1 hr 20 min
  • The Daily Wrap: 09.03.20
    Why would someone buy a 100 year bond? Gregory tells you the history of an attempt by JC Penny to issue 100 year bonds. James found the oldest bond in history still paying interest.

    Trump announces a payroll tax deferral option, and it sounds like there's a lot of gray area around how this will work.

    The Sandwich Generation is caught between supporting their children and parents at the same time. Gregory has tips he learned going through that phase.

    The history of how stocks perform the year after an election should give you an optimistic view of 2021.

    http://www.WinningAtLife.com
    35 min

About Winning at Life with Gregory Ricks

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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…