Winning at Life with Gregory Ricks

Winning at Life with Gregory Ricks

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Winning at Life with Gregory Ricks episodes

  • The Daily Wrap: 10.14.20
    Laura in New Orleans has asked Gregory about buying stock in Carnival Cruise Lines on the show back in March. She called back and confirmed she bought in. How has her investment performed thus far? Gregory's guidance proved to be spot on.

    The shop teacher at Gulfport High wins a $50,000 prize for trade teachers in recognition of his auto shop class.

    How does someone know how much money they should be saving every month?

    Here's some rules you need to know if you've been laid off, and you're thinking of leaning on your 401k to get by.

    http://www.WinningAtLife.com
    42 min
  • The Daily Wrap: 10.13.20
    Pool Corp, the largest whole distributer of pool parts, is based in Covington and just got listed on the S&P 500. The plans are revealed for the new UMG Hotel in Biloxi.

    Laura in New Orleans is inheriting a decent amount of money. How does she go about the process of knowing where to put it, and how much to put in each bucket.

    When Eric in New Orleans inherited a bunch of money, his uncle promised to manage his investments and stole it.

    Brian in New Orleans is being offered a 401k at his new job. He's in his mid-30s, and has never had a 401k before. How does he use it properly?

    If you've already tapped into your 401k or IRA for a Coronavirus Related Distribution, Gregory has some reminders on what you need to do to avoid that early withdrawal penalty.

    http://www.WinningAtLife.com
    41 min
  • The Daily Wrap: 10.12.20
    Here's 4 easy ways people run out of money in retirement.

    Brad in Hammond needs to take a withdrawal from his 401k to make ends meet. How does the process work by which you can get your early withdrawal penalty waived?

    Chase in Luling is just getting started saving for retirement and has a couple of small rent houses. Is he on the right path?

    Hear some news highlights from the financial world.

    http://www.WinningAtLife.com
    40 min
  • The Daily Wrap: 10.08.20
    A football star just bought the most expensive house in Charlottesville. Gregory explains how overbuying a house is a trap many people easily fall into.

    Charlene in New Orleans bought a fixed annuity, and wants to know how all of the surrender charges and maturity dates work.

    Gary in Marrero is just a year away from his Full Retirement Age, and asks Gregory if he should turn on his Social Security retirement benefit a year early.

    http://www.WinningAtLife.com
    38 min
  • The Daily Wrap: 10.07.20
    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.

    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?

    Bill in Holden has a 401k at his old job. What should he do with it?

    Scott in Mobile has a sizable amount of company stock in the 401k at his old job. Gregory thinks this may be a good scenario to use Net Unrealized Appreciation.

    Lisa in New Orleans has a deferred compensation plan at her job, but the plan rules have changed, and they want to pay the entire amount in one lump sum. Is there some way she can defer the deferred comp to avoid a huge tax hit?

    http://www.WinningAtLife.com
    40 min
  • The Daily Wrap: 10.06.20
    Learn the lessons from John McAfee's arrest in Spain on tax evasion. Gregory gives you a helping hand on how to get caught up on your taxes, and some bad news if you don't.

    Gregory shares the story of a family of Bronco Riders who have won a load of championship on the rodeo circuits.

    Bradley from Hammond asks for more details about the John McAfee story. We do not endorse his evasion of taxes, but we all agree this will one day make an interesting movie.

    Gregory quotes Judge Learned Hand on a citizen's duty to pay taxes, and shares some ways people keep their tax bill as low as legally possible.

    Jonathan in Perkinston is going blind and have $10,000. What should he do with that money?

    Eric in Slidell wants to know how much his Social Security check will grow if he waits a couple months past his Full Retirement Age.

    Norman in Garyville asks Gregory if his military pension through the VA will have any affect on his Social Security retirement benefit.

    http://www.WinningAtLife.com
    40 min
  • The Daily Wrap: 10.05.20
    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.

    http://www.WinningAtLife.com
    31 min
  • The Weekly Wrap: 10.03.20
    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?

    http://www.WinningAtLife.com
    1 hr 46 min
  • The Daily Wrap: 10.01.20
    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?

    http://www.WinningAtLife.com
    40 min
  • The Daily Wrap: 09.30.20
    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.

    http://www.WinningAtLife.com
    41 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…