Winning at Life with Gregory Ricks

Winning at Life with Gregory Ricks

By Winning at Life with Gregory RicksBusinessInvesting
Download on the App Store

Winning at Life with Gregory Ricks episodes

  • The Weekly Wrap: 03.21.20
    Gregory Ricks walks you through how the economic downturn from the Wuhan Virus is affecting your money. Estate planning attorney Wes Blanchard is our guest.

    http://www.WinningAtLife.com
    1 hr 25 min
  • The Weekly Wrap: 03.14.20
    01:34 - The economic fallout from the Corona Virus is brutal.

    05:39 Dale on the Northshore asks Gregory how his 50-50-50-50 strategy performs in a downturn like this.

    12:08 - Dwayne Stein of MortgageGumbo.com comes on to talk about how record low mortgage rates have taken a big jump higher due to a liquidity crunch.

    15:36 - CPA Jude Heath joins the show to talk taxes. Will there be an extension on the April 15 filing date?

    19:04 - Jethro in Houma asks Jude: What happened to the option of letting the IRS do your taxes for you? Jude explains that option went away with the old 1040 EZ. Jethro shares a pretty cavalier attitude about not filing taxes on time.

    26:44 - Mike in Covington has an 88 year old father-in-law who hasn't filed taxes in 25 years. Will that cause any problems?

    30:51 - Mike in New Orleans is retired with no real income besides his Social Security and a Rail Road pension. Does he still have to file his taxes?

    34:49 - Gene in Montz asks the difference between fixed and variable.

    38:31 - Jeff in Long Beach asks Jude how the taxes will be figured on his sale of a commercial real estate property.

    44:05 - Jane on the Northshore asks about the tax implications of a Backdoor Roth conversion? Is there double taxation?

    47:40 - Anthony in Mandeville: stocks are really getting hammered. Should I be buying into this?

    54:00 - Joe in Gulfport asks Gregory to explain what the definition and importance of a Turnover Ratio.

    56:54 - Doug in Gonzales asks if he would get crushed if he bought into a bond fund now.

    http://www.WinningAtLife.com
    1 hr 10 min
  • The Daily Wrap: 03.11.20
    00:15 - The big lesson from the Corona Virus going forward should be the importance of an Emergency Fund. Most of the federal government's response package includes problems that wouldn't exist if more Americans had at least a couple grand in the bank.

    06:58 - Bill in Slidell asks if the proposed Payroll Tax Cut will mean he doesn't get any credits for Social Security contributions.

    10:16 - Gregory notes that whether you believe the Corona Virus is going to be a giant monster or not, economic activity has slowed, and you need to be prepared.

    14:22 - Eric in New Orleans says what a lot of us are thinking: Purell must be killing it right now! Would it be a big win to have Purell stock? Gregory points out the company is privately held, and they must be pretty happy with their bottom line these days.

    23:30 - Gregory spells out the latest details on the Corona Virus death toll and infection rates.

    http://www.WinningAtLife.com

    36 min
  • The Weekly Wrap: 03.07.20
    11:15 - The Corona Virus is having a negative effect on the markets, and the reaction to the Corona Virus is even worse. Last week was a positive week overall, but more pain is coming.

    24:32 - Danny in Biloxi has some Corona Virus general hygiene tips.

    27:53 - Sharon in MS asks if this stock market correction is foreshadowing a recession.

    33:35 - Chico in Covington just came into some money. Where should he put it?

    38:19 - CJ in Slidell asks about refinancing an investment property.

    47:40 - Carlos in New Orleans is on disability, and asks Gregory about his Social Security options between himself and his spouse.

    57:43 - Mike in Covington comments that the Fed cutting rates is killing his returns on CDs.

    1:01:13 - Ted in MS asks Gregory for stock recommendations.

    http://www.WinningAtLife.com
    1 hr 36 min
  • The Daily Wrap: 03.05.20
    01:44 - Laura in Pontchatoula is thinking about buying some Carnival stock, because it's been crushed by Corona Virus fears.

    08:21 - June in Gulfport works for a company that was bought out. What does she do with the old 401k?

    15:08 - Tesla reports to be testing Reverse Summons: the process by which a self-driving car will drop you off and find a parking spot.

    23:18 - Steve in Houma asks what the new age limits are for contributing to an IRA and Roth IRA.

    http://www.WinningAtLife.com
    30 min
  • The Daily Wrap: 03.03.20
    00:38 - The Fed makes an emergency rate cut and send the stock markets spiraling down. Thanks a lot, Jerome. Hear how it affects your money.

    04:32 - What are the Social Security rules for disabled and widowed spouses? Scott in Picayune asks Gregory for guidance on figuring out his parents' Social Security options.

    08:45 - Chris in Slidell is being converted from a regular W2 employee to a 1099 contractor status, and needs help understanding his new tax situation.

    13:02 - Gregory Ricks says after a downturn like this, there's often a little extra call volume in the office from non-clients who are licking their wounds from recent losses.

    http://www.WinningAtLife.com
    16 min
  • The Weekly Wrap: 02.29.20
    00:19 - The Dow Jones Index has its worst week since 2008.

    02:16 - Dwayne Stein of Mortgage Gumbo joins us to talk about record low interest rates. How low does it have to go before you can justify a refinance?

    08:16 - George in Lockport asks Gregory and Dwayne if he could or should refinance his reverse mortgage.

    10:03 - With Treasuries breaking record low interest rates, the search for yield just got a little tighter.

    21:14 - The Corona Virus and its economic impact are the top story of the week.

    28:50 - What's a good stock to buy in this downturn? Gregory isn't so sure the pain is over just yet, and probably wouldn't recommend taking the risk of single stocks.

    43:41 - This Corona Virus situation will pass as far being a health care concern. The economic impacts will be a far bigger lasting legacy, considering the connection with China and the evolving trade wars.

    1:00:37 - Larry Kudlow makes a strong case for people to calm their fears about the Corona virus and its negative impact on the economy.

    1:10:41 - Greg in Perkinston is going to continue working after turning on Social Security at his Full Retirement Age. Will that help increase his benefit any?

    1:14:36 - The Corona Virus will be shaping our economic outlook for the near term. What are some possible ways this play out, and are you financially prepared for those scenarios?

    1:16:23 - Roger in Biloxi has an IRA sitting at the credit union getting less than 1% interest. Certainly he can find a better interest rate that's safe, right?

    1:21:26 - David in New Orleans asks how long it would take to make up for missed payments if he delays turning on his Social Security retirement benefit at the max age of 70.

    http://www.WinningAtLife.com
    1 hr 39 min
  • The Daily Wrap: 02.27.20
    00:14 - John in Elmwood wants to know how much he will owe in taxes on his stock sales. Is it a Capital Gains tax rate? How long was the stock owned? Do you have more losses than gains? It's a complicated question.

    04:34 - Dwayne Stein from Mortgage Gumbo is incredibly enthusiastic about the record low interest rates in the bond world that foreshadow lower rates ahead.

    13:27 - Historically speaking, treasury bonds are at the lowest rates we've ever seen, and that changes the math for those who are looking for safe yield.

    22:50 - A Black Swan event like the Corona Virus is a painful reminder for some people they need to blend their risk levels within their portfolios.

    26:34 - Norman in Garyville is getting close to his Full Retirement Age, but isn't getting much help from Social Security employees on how to max his benefit.

    http://www.WinningAtLife.com
    33 min
  • The Weekly Wrap: 02.22.20
    00:11 - It's Mardi Gras!!! Hear our exclusive unplugged version of Benny Grunch and the Bunch singing Ain't No Play to P on Mardi Gras Day.

    04:13 - The Corona Virus outbreak of 2020 is having cascading economic affects hitting China pretty hard, while the possibility of Iran wanting to affect the elections could set up the next black swan event. Are you prepared for a sudden drop in the market?

    26:43 - Dwayne Stein of Mortgage Gumbo shocks the show with ridiculously low rates.

    31:40 - Buy a lot, build a home, and convert that loan to a regular mortgage all in one closing. Dwayne Stein started a new program to streamline the borrowing process when it comes to building your dream home.

    41:21 - Romaine in Covington is 80 and wants to know if she can pass along her IRA to someone else without paying a fortune in taxes.

    43:19 - Dwayne Stein is pretty happy with ultra-low interest rates, and has come up with some clever ways for people to take advantage.

    52:15 - Brandon in Covington asks Dwayne and Gregory about the tax implications of a cash out refinance on his mortgage.

    59:05 Judy in Long Beach is not happy to learn her healthcare subsidy comes with unexpected taxes.

    1:03:57 - Mike in Covington has a pension from a State job, but may have enough of a work record in the private sector to avoid getting his Social Security benefit cut.

    1:09:16 - Paul in Ocean Springs asks Gregory how the TSP options work when he's ready to retire.

    1:15:32 - We are in the longest bull market ever. Don't count on it lasting forever, though. Now is the time to do some blending of risks.

    1:22:35 - Nancy in Jefferson asks Gregory if it's better to turn on her smaller Social Security survivor's benefit now and switch to the larger check based on her record later?

    http://www.WinningAtLife.com
    1 hr 33 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…