Winning at Life with Gregory Ricks

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00:50 - The new decade kicked off to all-time record highs on the Dow, NASDAQ, and S&P 500, and a slew of new rules on your investments. The droning of an Iranian General in Iraq has some folks concerned, but the market moves on.

06:58 - The SECURE Act takes effect this week and makes some big changes to the rules regarding your retirement accounts: 401k, IRA, Roth IRA, etc. There's changes you need to know about concerning contributions, distributions, inheritance, and taxes.

25:35 - There's big changes in Estate Planning rules in both the recent law changes, and the IRS updating of life-expectancy tables could reduce your Required Minimum Distributions.

34:01 - Stocks vs. Bonds. Gregory shows you some stats on how bonds have historically proven to be more stable and reliable than individual stocks.

42:42 - Judging by the fundraising numbers, Bernie Sanders wins the heart of the donors, and winning in the polls may not be far behind.

48:52 - A Statistician's take on New Years Resolutions yields three big pieces of advice for keeping your commitment.

55:05 - The world consumes 101 million barrels of crude oil per day.

Yes, the rules for your Roth IRA changed. Jennifer in Covington asks Gregory if the new SECURE Act has any affect on her Roth IRA accounts. Gregory points out a few key changes in the law.

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The laws changes regarding IRAs and 401ks. Here's what you need to know

John in Metairie is upset about the effects of the new IRA inheritance rules on his financial plan. Gregory agrees this isn't a fair shake, but changes will happen, and how you adjust to them is what's important going forward.

Andrew in Meraux asks Gregory if he should invest a pool of liquid assets he holds for regulatory requirements for his business. Gregory cautions against putting those assets at risk or into something illiquid.

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00:28 - The SECURE Act has been signed into law, with major changes is the rules for retirement accounts starting Jan 1. Gregory breaks down the new rules, and what you need to do to adjust your financial plans.

20:24 - Dwayne Stein of MortgageGumbo.com joins us to talk about the world of mortgages and credit, but we start with celebrating his huge'y succesfull toy drive. He then shares how he was able to get a married couple in the service industry (waitress and a cook) into a mortgage, and why you should neeeeever cosign for a loan, even if it's your fiance.

28:01 - Richard in Houma asks Gregory if his wife's state pension will cause her Social Security benefit to be affected by the Windfall Elmination Provision, and he asks Dwayne if he can fix his current reverse mortgage that doesn't have his spouse on the note.

37:50 - Hear a review of our public events in January! We have a couple of Lunch and Learns, a couple of Gregory Ricks Live events, and an open house at the new Gulfport office coming up!

41:50 - Dwayne Stein goes into detail explaining what it means to have a non-borrowing spouse on a Reverse Mortgage.

1:03:36 - Gregory and James go over what's in store for 2020.

1:22:04 - Mark in Hammond asks if his wife's State Pension will cause their Social Security benefits to be affected by the Windfall Elimination Provision.

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00:44 - The SECURE Act passes the Senate and is expected to be signed by the President. Once he signs it, the rules for your IRAs and 401k change dramatically.

11:36 - New Orleans Christmas legend Benny Grunch joins the show for some Christmas cheer, and to talk about the business side of Benny Grunch and the Bunch.

22:48 - Gregory continues to update you on the details in the legal changes to your IRA and 401k with the passage of the SECURE Act.

34:14 - Hear the end of Jow Burrow's Heismann speech where he thanks Coach O.

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00:51 - The SECURE Act was rolled into the spending bill that passed the House, and if it gets through the Senate, it would make some HUGE changes to retirement savings. Gregory details the changes that may be coming to IRA contributions, Required Minimum Distributions, 401ks, and other details in the SECURE Act that affect your money.

25:15 - Do you like the self checkout lane at the grocery store? They are a great example of how the human behavior patterns adapt to new technology. Expect to see more automation like this, and invest accordingly.

28:03 - We break down Burrow's Heisman speech.

31:12 - Susan in New Orleans has a complicated web of ownership and residence from an inherited property, and has no idea what to expect or pay in taxes if she sells the house.

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00:58 - This budget deal is awful. The House of Representatives passed a spending bill ahead of a looming shutdown, and James claims it's quite possibly the worst spending bill in the history of America. It explodes the deficit, and the details are even worse.

11:51 - Boeing suspends production on the 737 Max jets. Gregory sees this as a bad sign of how things are going for Boeing trying to rebound.

14:35 - Gregory invites you to check out some of his public events next month. Are you looking for a Financial Advisor? There's a Wine, Wisdom, and Food Experience at Keith Young's in Madisonville. If you would like to come check out Gregory's new Gulfport location and meet him, there's an open house at the Gregory Ricks and Associates office. If you're having Social Security issues, there's Lunch and Learn coming up covering Social Security. Meet Gregory, get a nice box lunch, and get your Social Security questions answered.

19:26 - We review two great callers from Saturday's show trying understand how their Medicare premiums work. John in New Orleans is getting hit with a huge jump in Medicare premiums since beginning his Required Minimum Distributions from his IRA. Is there anything you can do to reduce those Medicare premiums? Dale in Long Beach is having some issues with his Medicare Premiums, and wants to know if shifting money into different financial products could help. Gregory explains how the Medicare premium tiers work.

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00:14 - The Dangers of Store Credit Cards. A report shows one of the biggest financial mistakes made over the holidays is signing up for new store credit cards. The interest rate on some of these cards is 30%!

09:55 - Gregory shares the story of a local retiree who had used the File and Suspend option on his Social Security record, and was surprised when he started receiving checks automatically at age 70. Gregory explains how the now-extinct File and Suspend option works, and how you can take advantage of retroactive benefits.

16:55 - John in New Orleans is getting hit with a huge jump in Medicare premiums since beginning his Required Minimum Distributions from his IRA. Is there anything you can do to reduce those Medicare premiums?

22:11 - Dale in Long Beach is having some issues with his Medicare Premiums, and wants to know if shifting money into different financial products could help.

28:18 - More Americans are choosing to die at home. For the first time in decades, more Americans who died of natural causes chose home hospice care over staying in the hospital.

34:31 - Robert in Thibodaux has some questions about his mom's irrevokable trust.

38:18 - We continue the discussion on how you can be ready to die in the comfort of your own home when the time comes. It takes a little more planning, and isn't free, but you can make it happen.

52:33 - Are you really all up to date with you Beneficiary Designations? What about your Alternate Beneficiaries? The end of the year is a good time to make some updates to your financial plan.

56:05 - China and the US announce they have agreed to a framework for Phase One of the new trade deal, and dodging the new tariff deadline set for Sunday. One side of the media is saying it's awful, the other side says it's great, and we say we don't know because NO ONE HAS SEEN THE TEXT.

1:11:40 - Byron in Houma is self employed and is concerned his business structure keeps his taxes low, but his Social Security record has suffered as a result.

1:17:39 - A comment card from Gregory's latest public speaking event asks for guidance on how to handle an inherited IRA. How do you settle up the taxes, satisfy the Required Minimum Distributions, and invest that money?

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00:16 - Gregory walks your through the history of Amazon, and how they've evolved from a book store, to the cheapest general store, to the convenience leader. In some cases, people are willing to pay a little bit more to get it tomorrow, and Amazon is all over next day shipping.

08:24 - The rise of Dollar Stores is crowding out some local grocers in small town America. Gregory and James respond to a critical report from 60 Minutes.

15:54 - Check out the crazy bonuses college football coaches scored this season!

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00:28 - As LSU Football rolls through what may be their most historic season ever, the money moving behind the scenes is massive. It's no surprise that college football coaches are among the highest paid coaches in all of sports.

07:59 - The jobs report was a blowout, and should give a pause to all of those who have been predicting a recession all year.

12:17 - Is recession coming? An interesting breakdown of the S&P 500 on CNBC shows that stocks may be set for another break out.

27:27 - How to score some great gifts without breaking the bank.

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