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: 08.08.20
    Carol in Mobile has a series of issues to figure out, and she's getting conflicting information. First, she heard on our show that pension income isn't taxable at the state level in Alabama, and she believes she's been getting taxed on hers. She wants to convert some of her 401k into a Roth. She turned on Social Security at her Full Retirement Age, and continues to work. And she asks if she has to take Required Minimum Distributions from each IRA account, or can the whole amount be paid from one account?

    How the Trump Executive Orders this week will affect the economy and your finances.

    Gregory's statistics on stocks illustrates their dangerous nature.

    Learn the rules for Social Security benefits for the divorced.

    Carmen asks if the strategies for Social Security planning change if the woman makes the money and the husband stays home.

    Ralph wants to know if his ex wife drawing a Social Security benefit off of his record will have any affect on him or his current wife.

    Can you get a Disability check from her record and a Social Security check from an ex spouse's record at the same time? Jennifer in Slidell asks if she can get both benefits.

    Sterling in Houma asks if he can collect spousal benefits on his deceased spouse's Social Security record even though she died 20 years ago?

    Sandra in Picayune asks if getting remarried will affect her Social Security or Disability benefits.

    Stewart in New Orleans asks if there is ever any Required Minimum Distribution on a Roth IRA or Roth 401k.

    Sheila in Hattiesburg asks about her Social Security spousal situation considering there is a large age gap between her and her husband.

    Jack in Baton Rouge is the blind woodworking retiree calling with an update on his financial situation.

    http://www.WinningAtLife.com
    1 hr 35 min
  • The Daily Wrap: 08.05.20
    If you max out your Social Security, does that mean the spousal benefit will be bigger, too? Joe texts in his question from the Winning at Life App.

    The Numbers are good, with the NASDAQ clocking another record high, and settling just below 11K. Walmart takes a hit as they announce another delay for Walmart+.

    Carol in Mobile has a series of issues to figure out, and she's getting conflicting information. First, she heard on our show that pension income isn't taxable at the state level in Alabama, and she believes she's been getting taxed on hers. She wants to convert some of her 401k into a Roth. She turned on Social Security at her Full Retirement Age, and continues to work. And she asks if she has to take Required Minimum Distributions from each IRA account, or can the whole amount be paid from one account?

    http://www.WinningAtLife.com
    32 min
  • The Daily Wrap: 08.04.20
    Where do bonds fit into your investment portfolio? Gregory explains how and why Bond ETFs can be a cornerstone of your retirement savings.

    Fred in River Ridge asks Gregory if there's any advantages to taking your Required Minimum Distribution even though they've been cancelled for 2020.

    Maria Bartiromo rings the opening bell of the NYSE to commemorate the 25th anniversary of the first live reporter on the trading floor.

    Are you financially fit? Gregory and James discuss a checklist that can help diagnose any problems your may have.

    http://www.WinningAtLife.com
    24 min
  • The Daily Wrap: 08.03.20
    Gregory shares some feedback that sounds more like pushback on our discussion on unmarried couples sharing a mortgage.

    Chris in Jefferson is looking for money making opportunities with the change in behavior from the pandemic.

    The average age of a car hits a new high. New car sales took a sturdy hit this year. Classic cars and restorations are a more popular hobby as well.

    A FoxBusiness.com checklist for early retirement sounds like a good basis for annual financial physical.

    http://www.WinningAtLife.com
    26 min
  • The Weekly Wrap: 08.01.20
    Big Tech gets even bigger, as Apple passes Aramco to become the most valuable public company on the planet. Apple also announces a stock split, which have become more rare as of late.

    How do you use bonds to make money? Gregory explains how correctly investing in bonds can play a crucial role in keeping your portfolio moving forward during rough times.

    Peter in Gonzales asks Gregory when he should start taking Social Security retirement benefits.

    A survey shows a shocking lack of knowledge by all generations of the basics of Social Security.

    Not all states tax your retirement income, and for the ones that do, they vary greatly from state to state.

    Thelma in Harvey has a second house in Florida, and asks Gregory if its possible for her to file her tax return in Florida.

    Gregory walks through a statistical history of stock picking success rates, and it's quite volatile.

    Larry in Mobile is getting started saving for retirement in his 20s. How does he know where to put his money?

    http://www.WinningAtLife.com
    1 hr 25 min
  • The Daily Wrap: 07.30.20
    Gregory has lessons from Rock Climbers for financial planning. When climbing a mountain, they often hammer in points that prevent them from free falling past that point. Fixed Indexed Annuities provide a similar level of safety.

    How do are 401k and IRA beneficiaries designated? Pam in Mississippi is concerned about her husband's health, and wants to make sure the money passes to her as seamless as possible.

    We have details for those who may qualify for hazard pay from the State of Louisiana.

    Gregory reviews Trump's comments on the virus stimulus proposal.

    http://www.WinningAtLife.com
    37 min
  • The Daily Wrap: 07.29.20
    Federal Reserve Chairman Jerome Powell plans on keeping the money flowing in various stimulus programs until the virus goes away.

    The history of the markets over the months leading up to an election. It's hard to say if markets will follow that trend in a year as chaotic as 2020.

    Have you heard of Free Solo Climbing? It's mountain climbing without using any equipment to assist. Investing in single stocks can be like that.

    Glenn in Mobile asks Gregory's help in getting rid of his credit card debt.

    http://www.WinningAtLife.com
    27 min
  • The Daily Wrap: 07.28.20
    Should non-married couples share a mortgage? John emails Gregory to ask how he can get his name on his girlfriend's mortgage. Her name is on the mortgage and the house, but he pays the bills. Gregory says that can be fixed easily, but having the conversation with the girlfriend isn't so simple.

    Ann on the Westbank asks Gregory: Can she can roll over some of her 401k to a Roth IRA? And then we find out her 401k has fallen from $600k to $300k. Ann's situation is a painful illustration of what can happen if you're overweighted in stocks, especially single stocks.

    The Numbers are a mix of good and bad economic news. Gold sets another record.

    http://www.WinningAtLife.com
    32 min
  • The Daily Wrap: 07.27.20
    Gold hits an all-time high, and Silver is on a tear as well.

    Chris in Jefferson aks Gregory's thoughts about buying stocks for some of the companies working on a Coronavirus vaccine. Gregory would shy away from individual stocks, and maybe start looking at ETFs that cover that sector of the market.

    Why are dairy herds plummeting over the last year or so?

    Roderick in Macomb asks if he can take dividends from his 401k stocks without and penalty?

    Find out what's in the next round of virus stimulus: the HEALS Act.

    http://www.WinningAtLife.com
    26 min
  • The Weekly Wrap: 07.25.20
    When Do You Need a Fixed Annuity? How would you like 3 percent growth for the next 3 years with no risk?

    Wayne in Lakeview may be moving money to fixed annuities to exit risk.

    Wayne in Van Cleave asks for Gregory's thoughts on the rumor that the bank can keep your money in an emergency.

    Mike in Covington inherited some stock and cash. How does he figure out where to put it?

    Dwayne Stein of MortgageGumbo.com has help for those who want to appeal their property tax assessment.

    If you're stuck in a forbearance, sometimes you can refinance you're mortgage and get some help. Rates are the lowest ever, you can reset your term, or get a more flexible mortgage servicer.

    David from West Point is selling some goods online, and wants to know how he can keep up with the taxes.

    Joe texted in from app: How can me and my wife get the most out of our Social Security records?

    Donald in Arkansas asks how the money withdrawn from his annuities will be taxed.

    Mark in Union inherited some cash and stocks. Should he sell all the stocks? Where does he park the cash?

    John emails Gregory: the house is in his girlfriend's name, but he pays the note. How can he get some sort of protections if they split?

    http://www.WinningAtLife.com
    1 hr 28 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…