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Winning at Life with Gregory Ricks episodes
- Winning at Life Daily Wrap: 04.03.18David Stockman, a former Reagan economic advisor, is saying the markets and the economy as a whole are going down the tubes, and this market downturn is just the beginning. Stockman focuses on the Fed, the stock bubble, and Trump's recent criticism of Amazon.
Gregory recounts a story about a young widow who is trying to put together an retirement plan, and has about 15 years left until retirement.
Cole calls Gregory from Hammond. He's 30 years old, and has his 401k still in the market. Should he ride the market down and not worry about it too much since he has the time? If he does get out, what does that look like? How does he know when to get back in?
Spotify has a shakey start that ends up just slightly down. Gregory responds to some coverage of the high profile IPO on Fox Business.
Gregory and James review some of the stocks on the short sheet that are not following the generaltrend line of the overall markets. There are always opportunities to find winning stocks in the markets, they just become harder to find when the indexes are all trending down.
Doug on the Northshore asks if he should do a reverse mortgage, HELOC, or a cash-out refinance on his mortgage. Gregory says a reverse mortgage is probably not the better option, because his wife is not old enough to be on the reverse mortgage. Gregory probes Doug's other financial options, and recommends he talks to Dwayne Stein at MortgageGumbo.com.
http://www.WinningAtLife.com5 min - Winning at Life Daily Wrap: 04.02.18We start the show by reviewing a great call from Saturday's show: Jim in Bush calls to ask Gregory how his IRA's Required Minimum Distribution is calculated.
The Numbers covers the biggest trading day loss to start Q2 since the 1930s.
Scott in Biloxi has fallen on hard times since he became unemployed. He calls Gregory to ask about dipping into his IRA to get by until he finds work. Which account should the money come from? How will I be taxes? How much are the penalties? Do you have other options?
Gregory teaches you a rare exception with 403b accounts. If a 403b participant has funds in a plan before 1987, they may delay Required Minimum Distributions until age 75. The Old Money Rule allows you to delay only the monies vested in the plan before December 31, 1986. Contributions after the cut off are subject to regular RMD rules.
James and Gregory preview the IPO for Spotify. It's a rare direct listing, and still holds the same risks as a typical IPO. Spotify has been around 12 years, and still hasn't turned a profit.
http://www.WinningAtLife.com56 min - Winning at Life Daily Wrap: 03.31.18Gregory explains how the rules for Required Minimum Distributions are calculated for a 401k after age 71 if you are still working at that job.
Jim in Bush calls to ask Gregory how his IRA's Required Minimum Distribution is calculated.
Dale calls in from the Northshore to ask Gregory how his IRA's Required Minimum Distribution is calculated.
Charles calls in from Mobile to ask Gregory Ricks about the tax implications of selling a house that he's lived in for less than two years. Jude Heath, the CPA of the Total Wealth Authority, adds to the guidance from an accounting perspective.
Jude Heath explains how keeping records on home improvement expenses for your home could lower your capital gains exposure when the house is sold. Keep in mind there's a 10 year statute of limitations on home expenses being applied to your cost basis, and review your records with your accountant before putting the house up for sale.
http://www.WinningAtLife.com1 hr 18 min - Day 19: My new book is released!Check out our available Zoom classes: http://inspirlang.com/zoomGet our digital/paperback book at https://inspirlang.com/lovemandoView podcast transcription at https://inspirlang.com/mandopodYoutube: https://youtube.com/c/inspirlangFacebook: https://facebook.com/inspirlangInstagram: @inspirlangTwitter: @inspirlang3 min
- Winning at Life Daily Wrap: 03.28.18The show starts with the Numbers segment, because some big companies are taking a beating like Amazon, Facebook, and poor old GE.
What happens when you inherit an annuity? Gregory Ricks explains how the taxes are figured, what your timeline looks like, and options on how to extract the money.
What happens when you inherit an inherited IRA? Gregory Ricks and James Parker discuss the rules for IRA distributions evolve when an Inherited IRA gets passed down a second time.
Scott from Mobile texts in from the Winning at Life app asking for Gregory and James' thoughts on Susan Rice being named to the Board of Directors at Netflix.
Gregory answers a follow up question about how payments are calculated on an inherited annuity.
The Mega Millions is up to $502 million. Gregory Ricks helps James break down how much "stupid money" he could blow from the jackpot, yet still maintain a millionaire cash flow for life from the remaining assets.
http://www.WinningAtLife.com57 min - Winning at Life Daily Wrap: 03.26.18Elon Musk's Boring Company plans to sell giant legos.
Charles texts from the Winning at Life app asking about his girlfriend's $100k in student loan debt. Gregory Ricks spells out what it's going to take to get that resolved.
Gregory recommends you live like a pauper through college, and continue to be frugal until you're out of debt. Be aware of the salary range of the student's major, the availability of landing the right job, and the total price tag of the degree.
The Numbers: Volatility continues in the stock market. 10 Year Treasuries are close to an interesting support level.
Mike in Alabama maxes out his 401k, and puts the excess contributions in an IRA. His broker says he needs to move his funds into a new IRA, because of some rule changes. What's that about?
Mississippi casinos scored $170 million statewide in gambling losses last month. What a business!
http://www.WinningAtLife.com57 min - Winning at Life Daily Wrap: 03.23.18Gregory and James start out the show with the Numbers segment, because the Dow is down about 1,700 points for the week.
Jackie in Houma is starting contributions to her first 401k at age 33. She wants Gregory's thoughts on how to choose which funds to use.
Maggie in Long Beach calls in to update us on her journey to get out of debt that started with a call last year.
Eddie in Thibodaux is also giving us an update on his situation. He called a few years ago asking Gregory's thoughts on buying or renting for his daughter while she attends LSU. Now, she's graduating. Should he keep it?
Kim in Slidell has a financial situation for Gregory that involves her daughter being an international runway model, but piling up debt. How do they get a handle on their money?
http://www.WinningAtLife.com57 min - Winning at Life Daily Wrap: 03.19.18Gregory shares some of his experiences from the conference in Colorado Springs, and answers comment cards from the last Gregory Ricks Live.
Ray from Gulfport is having some issues covering the costs on his property, what does Gregory think about Ray dipping into his TSP account to get his finances caught up?
Gregory responds to a comment card's concern about estate planning, and walks through the process on how you should decide when to retire.
http://www.WinningAtLife.com46 min - Day 18: How to negate in MandarinCheck out our available Zoom classes: http://inspirlang.com/zoomGet our digital/paperback book at https://inspirlang.com/lovemandoView podcast transcription at https://inspirlang.com/mandopodYoutube: https://youtube.com/c/inspirlangFacebook: https://facebook.com/inspirlangInstagram: @inspirlangTwitter: @inspirlang2 min
- Winning at Life Daily Wrap: 03.12.18Zach Strief retires from the Saints. James asks Gregory what it would take to retire at age 35 with around $5 million without running out of money. Most NFL players end up broke in retirement, and the main culprit is often overspending.
Overbuying a house will make it significantly harder to invest properly for retirement, and many people find the added financial stress isn't worth it.
Gregory responds to Elizabeth Warren's comments on Fox News Sunday with his personal experience on a sensitive issue.
Gregory answers a few comment cards from last week's Gregory Ricks Live.
http://www.WinningAtLife.com57 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…
journey.
Whether you’re interested in retirement strategies, market trends, or general financial wellness, this show is designed to keep you in the know!
Subscribe to our YouTube Channel
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Insurance products are offered through the insurance business Gregory Ricks Total Wealth. Gregory Ricks Total Wealth is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by Gregory Ricks Total Wealth are not subject to Investment Adviser requirements.
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Any references to protection, safety, or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier.
This video is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.
Gregory Ricks Total Wealth is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Gregory Ricks Total Wealth.
This podcast show is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.
Whether you’re interested in retirement strategies, market trends, or general financial wellness, this show is designed to keep you in the know!
Subscribe to our YouTube Channel
------------------------------------------------------------------
Insurance products are offered through the insurance business Gregory Ricks Total Wealth. Gregory Ricks Total Wealth is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by Gregory Ricks Total Wealth are not subject to Investment Adviser requirements.
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Any references to protection, safety, or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier.
This video is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.
Gregory Ricks Total Wealth is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Gregory Ricks Total Wealth.
This podcast show is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.