Winning at Life with Gregory Ricks

00:51 - John in New Orleans asks Gregory how to get the most out of his Social Security benefits utilizing the right spousal benefits strategy. The rules have changed in the last few years, and Gregory checks the rules to let John know where he stands.

09:45 - Is Long Term Care Insurance worth the cost? Sharon in Picayune is not a fan of the high premiums and likelyhood the insurance will go unused. Gregory generally leans toward having Long Term Care Insurance if you can afford it.

12:12 - Sharon in Picayune asks Gregory if Medicare for All plans could save money by reducing emergency room visits. Gregory points out that Medicare for All plans are nothing like Medicare and incredibly misleading. Medicare has premiums, co-pays, deductibles, doctor networks, and don't cover all of your medical bills nor long term care. Under Medicare, there is still a need for several different types of insurance coverages to fill the gaps. On top of all that, there's no real reason to believe it would ultimately save money on emergency room visits.

16:09 - Gregory shares some of his history of flipping cars as a teenager, and mastering the basic of business deals at a very young age.

20:38 - Gregory analyzes some of the new taxes proposed to pay for Socialized Medicine plan from a presidential candidate. There are some serious economic flaws in nationalizing the healthcare industry.

27:58 - Avoid these car buying mistakes! Gregory elaborates on a solid list of mistakes people often make when buying a car.

36:43 - What does it mean when you see commercials offering to buy your life insurance policy?

46:46 - Gregory gives you the truth behind some of the bonuses and guarantees on annuities.

51:31 - Are you affected by your business partner's tax problems? Tony in New Orleans is concerned because one of his business partners hasn't filed his personal taxes for around 10 years, and worries the IRS could freeze/garnish some of the business assets.

1:00:07 - Gregory finishes the show by answering the flurry of questions that came in through social media and the Winning at Life app during the course of the show.

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01:15 - Kanye West described his financial situation in a recent interview, and there's a lot to learn from the ground he covered on income, debt, spending, and taxes.

11:34 - The Fed lowers the interest rates again. We review comments from Fed Chair Jerome Powell.

20:11 - Gregory addresses some big financial headlines: recession in Hong Kong, PMI down, and Lisa Marie Presley's financial turmoil.

23:54 - Halloween! On the Day of the Dead, we review the top 10 dead celebrity earners this year!

29:08 - A new study warns of early retirement being linked to faster cognitive decline. If you plan to retire early, you may want to find something to keep that brain working hard.

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00:47 - Can you turn on your spousal benefit and let your own Social Security benefit continue to grow? James asks Gregory about someone who is definitely not his mother-in-law who plans to continue working after her Full Retirement Age, and wants to get the most out of her Social Security options.

03:19 - Gregory reviews a list of the US companies with the most debt. Debt load can be a huge drag on stock values.

06:15 - Learn some common mistakes in financial planning. Gregory elaborates on a list of problems often seen by financial planners.

18:22 - Gregory shares a list of sources of income that can be NON-taxable.

25:57 - When is the best time to turn on Social Security if you continue to work past your Full Retirement Age?

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01:20 - The S&P 500 closes at an all-time high. Does that mean it's time to get out?

08:11 - Facebook CEO Mark Zuckerburg answered questions in a Congressional hearing that was supposed to be about the crypto-currency project: Libra. Some people had trouble staying on topic, but it does give you a sense of what politicians think about cryptos, and how they might regulate it.

14:54 - Millenials are expected to inherit $68 trillion from the Baby Boomers. The Estate Planning industry will oversee the largest transfer of wealth in history.

19:02 - Gregory was asked his thoughts on some of the financial products you see advertised on TV. He explains some of what's really going on behind the scenes when someone offers to buy your annuity, structured settlement, or life insurance policy.

23:18 - Gregory gives you the truth behind some of the bonuses and guarantees on annuities.

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Gregory answers questions from the comment cards at his last public speaking event.

02:09 - How do 401k distributions work?

05:34 - What you need to know about life insurance and fixed annuities.

08:48 - Eric in Mandeville asks Gregory what he should do about the stocks in his former employer's ESOP plan?

12:39 - Earl in St Rose: Should I pay off my mortgage early or invest that money?

Gregory answers more questions from the comment cards at his last public speaking event.

16:23 - What you need to know before you turn on Social Security.

18:17 - Before you invest in Real Estate, here's some things to think about.

25:18 - Chris in Biloxi has a 401k at his day job, and is thinking about doing a SEP at his self-employed side job.

28:22 - Gregory addresses the top 5 financial issues that worry Generation X.

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Gregory answers questions from the comment cards at his last public speaking event.

15:37 - What do you do with money at an old pension? Kenneth in Picayune asks Gregory's thoughts on what he should do with the money vested in a pension from a previous job.

Gregory answers more questions from the comment cards at his last public speaking event.

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02:42 - Another big data hack reminds us to check up on our identity theft protection. This time, it's data from a popular app game: Words With Friends.

04:17 - The Fortnite black hole was a big deal for a huge gaming community. Gregory points out the daily revenue for Fortnite was reported to be over $6 million a day.

12:10 - Cyber security experts recommend you don't recycle passwords. Gregroy adds in afew more tips about keeping your money safe.

14:38 - Gregory gives guidance for inherited money.

31:37 - A new study says raising your credit limit often leads to a worse credit score in the long run.

25:03 - Gregory: long term care expensive, are you prepared?

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01:46 - Gregory shares his epic adventures at the LSU-Florida game. What an amazing experience to get to see this special season first hand.

04:17 - Trump announces economic sanctions against Turkey for attacking the Kurds in Syria. Despite the hype, Gregory doesn't see how this could impact your money by any significant degree.

09:15 - Several financial firms are jumping on the bandwagon of no longer charging trading fees for certain online trades and etfs. Gregory enjoys the sound of lower trading costs, but also knows those financial firms are going to have to make their money elsewhere.

16:07 - Everyone is going to die, so everyone needs and estate plan. Here's why.

22:19 - Bra Country is Friday. A country concert at Southport Hall to raise money for the American Cancer Society. WNOE.com for more info.

24:22 - Looking for some extra income with a side gig? Yet another gig-economy app is bursting with popularity called SideHusl. It has both an app and SideHusl.com, and is being used by seniors with an empty nest to score some extra cash.

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00:47 - Gregory answers some comment cards from his latest Wine, Wisdom, and Food event at Keith Young's Steakhouse in Madisonville. Many people at the event expressed concern about how the upcoming elections could rock their investments.

04:18 - Christy in Marrero asks Gregory for some financial guidance on behalf of her nephew who just signed a big recording contract. For someone who is coming into money at a young age, how can we make sure it lasts as long as possible?

08:44 - You should invest with the mindset that taxes could go up at some time in the future.

17:50 - Stephanie Pomboy of Macromavens makes a compelling case for decelerating economic growth ahead, and a sharp critique of the Federal Reserve's role in our economic swings.

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00:43 - Boeing reports it has sold its first 737 Max jet since the orders were halted. Gregory explains how the unique lack of competition in the airplane industry helps Boeing survive through this recent rough patch.

10:22 - How do you know if your pension buyout offer is a good deal? Gregory explains how pension buyouts are viewed from the point of view of the employer, and notes that GE just announced a pension freeze.

23:03 - Pensions are going away, but they were really just annuities anyway. You can set up your own pension, and get monthly income on your assets.

29:14 - Are Ultra-Long Bonds a Good Idea? Jeff in Mobile asks Gregory's thoughts on using ultra long term bonds to lock in fairly safe returns over a long time range. Gregory thinks fixed annuities may be a way to score a similar return with even better safety.

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