Winning at Life with Gregory Ricks

00:45 - Hear some warnings for those who plan to retire early.

14:01 - Rules for 401k rollovers. So you have a chance to roll over your old 401k. Now what? Gregory explains your options.

20:32 - Learn classic financial wisdom. Gregory responds to a top ten list of financial quotes.

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01:03 - Are IRAs a safe investment? Gregory explores a common question with an uncommon answer. IRAs are not a type of financial account, an IRA is simply a tax status on any number of allowable accounts. Some options with your IRA are 100% safe, and some IRA options carry massive risks.

14:25 - The US Unemployment rate drops to 3.5%, the lowest in 50 years.

15:36 - Mark in Pass Christian is thinking about moving his varible annuity money into a fixed annuity, and picks Gregory's brain about his options.

33:39 - Senator Warren's anti-Facebook comments are bad for business. Gregory has some strong opinions about politicians targeting American businesses like that.

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03:13 - Can you still File and Restrict your Social Security benefit? Dennis is Kenner asks Gregory to clarify some confusing explanation of Social Security's recent rule changes.

05:35 - California passes a new law to allow college athletes to make money from endorsements? Will this law open the door for money in college athletics, or will it be struck down by the courts?

12:03 - A Congressman pleads guilty to insider trading.

26:49 - Gregory reviews a call from Saturday's show about the Social Security Windfall Elimination Provision, and adds a little more depth to review of the rules.

35:18 - A car sharing app is having problems solving the recurring issue of auto thefts, and has to pull out of some cities.

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00:55 - Tony Romo's near miss on making the cut at a PGA tournament brings up some common parallels for those who take an early retirement.

07:41 - Dale on the Northshore asks Gregory if those changes to RMDs ever passed. Gregory says the SECURE Act has not passed, and he will continue to keep an eye out for legislative changes to your retirement accounts.

11:09 - Dale follows up asking Gregory about a single stock: Dexcom. They have an intersting back story, and a promising product, but the stock charts are too chaotic for comfort.

25:38 - Jimmy in Gretna is thinking about turning his Social Security on at full retirement age, and maxing out his 401k to negate the extra tax exposure.

31:31 - How does the Social Security survivor's benefit work? Scott in Mandeville asks if his wife will get her spousal benefit and a survivor benefit when he dies.

38:16 - Mary in New Orleans is helping her grandson with his student loans, and asks Gregory about refinancing options. Gregory walks her through some options, and cautions Mary about how helping too much can hurt yourself in the long run.

Dwayne Stein of Mortgage Gumbo joins the show to answer questions about reverse mortgages, mortgage refis, and changes to lending standards to help those paying off student debt.

46:34 - Mike in Mandeville has a pension coming from a job he had in the public sector that didn't contribute to Social Security for 16 years. How will his Social Security benefits be effected?

49:40 - Can you refinance a reverse mortgage? Phil in Slidell asks Dwayne Stein if he can get more equity out of his home now that it has increased in value?

52:45 - Betsy in Kenner is not happy with the results of her mortgage modification. Dwayne Stein and Gregory Ricks answer some of her questions.

57:41 - Mike in Covington asks Dwayne and Gregory about interest rates for loans on an investment property.

1:07:40 - Dwayne explains how changes to credit score rules help those with massive student debt.

Do you have margin built into your monthly budget? Do you have margin between your income and the next tax bracket? Margin is where we can get real progress, whether it's for saving or tax planning.

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00:39 - A few quick tips to save money on taxes.

02:55 - Should I keep my old home as a rental? Sherry in Mobile is buying a new house, and her husband wants to keep the old house as a rental property.

13:46 - Can you stop and restart your Social Security check? Durale in Chauvin asks Gregory if he has any options to grow his Social Security benefit after turning it on early.

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01:11 - If you have stock in your company plan, use Net Unrealized Appreciation to pay a lower tax. Gregory explains how NUA works, and how sometimes NUA doesn't work. Many people don't like to pay the tax bill.

11:49 - If you're leaving money behind to your loved ones, think about structuring it into a birthday check instead of a dumping a lump sum on them when you pass away. It will be a long term reminder, and something for your loved ones to look forward to every year.

17:03 - The price of oil jumped up today, and had it's biggest daily gain in over a decade. The attack on the Saudi oilfield has crippled their production, and you can expect a slight increase in the price of gas over the next few months.

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00:16 - Drone attacks on two important Saudi oilfield facilities shut down half of the Kingdom's oil production. Expect prices to go up. Gregory shares some other insights into the oil industry, and some historic context.

09:15 - A married couple decides to cash out their 401ks to open their dream restaurant. Unfortunately, the restaurant failed. Now, they have gone back to work elsewhere. How do they make up for wiping out their 401ks?

17:21 - Things you should consider before buying/starting a new business. Gregory shares a recent discussion he had with an unemployed man wanting to buy a business in his industry with his retirement savings.

24:06 - Virginia in Hammond and her husband are getting a late start saving for retirement, and she's on Social Security's disability income. Gregory gives them some guidance on how to get more saved, and how to max out their Social Security spousal options.

28:41 - Gregory shares a hard truth: You have to stop living paycheck to paycheck.

Jude Heath CPA joins us for tax updates.

31:41 - Yvette in New Orleans wonders if she and her husband are doing the right thing with their 401ks. Should they be in a more aggressive investment? Should they be contributing more monthly? How will all of this affect their tax liability now and in retirement?

42:45 - What do you have to pay Required Minimum Distributions, and how much do you have to pay? Ann in Houma is getting close to RMD time, and gets help understanding the basics.

46:10 - What happens when you inherit your spouse's IRA? John in New Orleans gets some clarification on the rules governing a spouse's inherited IRA.

56:36 - California passes a law aimed at forcing Uber and Lyft drivers to be classified as employees instead of contractors.

1:11:22 - Don't let credit card debt drag you down!

1:14:21 - How your property sale can be taxed: Ricky in Biloxi asks Gregory how much he can expect to owe in taxes on this sale of his primary house when he moves into his vacation house?

1:19:04 - Paul in New Orleans asks some follow up questions about the call from Virginia Hammond. Gregory clarifies the different scenarios on how a spouse can draw a benefit from your record.

1:23:59 - Anita is Slidell inherited a rental home from her mother a few years back. How much would she be taxed if she decides to sell it?

1:26:51 - How is your Social Security benefit calculated? Andy in Lucedale retired early. Will the non-earning years hurt the size of his Social Security retirement benefit?

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01:17 - What do you do when all you have going for savings is a 401k?

10:19 - Should you buy a rental property?

14:25 - John in New Orleans asks what happens if his spouse doesn't do his succession when he passes away.

18:40 - Gary in New Orleans asks how does one qualify for a 6 month retroactive benefit from Social Security.

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Gregory answers the comment cards from a recent live event. Get updated on the latest financial news.

How do you know if you need a revokable trust or an irrevokable trust?

Gregory has guidance for those thinking of getting into the rental property game.

What is a reasonable expectation of returns for an investment with limited risk exposure?

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