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Archive for May 2017

Winning at Life: What Should I Do With My 401k Money?

On Winning at Life with Gregory Ricks, Gregory and James answer questions from viewers on Periscope who are asking common questions about what to do with the money in your 401k. Where do I put it in the market? How much do I put in the market? How do I know if I’m getting killed…

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The Ricks Report- May 30, 2017

The Ricks Report May 30, 2017  Numbers of $ignificance THE GLASS IS HALF-EMPTY – An annual survey of Americans at least age 65 gave the US stock market at least a 50% chance of rising in the upcoming year only 1 time over 12 annual surveys that were conducted from 2002-2013. The US stock market…

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State and City-Run IRA Plans Are Not Going Away

On April 13, President Trump signed into law legislation that blocked Obama-era Department of Labor (DOL) regulations encouraging the establishment of IRA plans run by cities and municipalities. On May 17, he signed similar legislation applying to state-run IRAs. While these new developments may make the road ahead for both city and state run IRA…

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The Ricks Report – May 23, 2017

­­­­­­­­The Ricks Report May 23, 2017  Numbers of $ignificance                         PROPOSALS FOR INCREASES – Proposed House legislation (“Social Security 2100 Act”) by John Larsen (D-CT) would increase the Social Security payroll tax rate paid by employees from 6.2% to 7.4%, to be phased in over 24 years from 2019-2042. Larsen’s plan would also phase out the…

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Winning at Life: Tax Scam Busted in Gulfport

Gregory Ricks and James Parker break down the story of a Gulfport tax preparer who is heading to jail for filing fraudulent returns. You have to be able to trust your accountant, and Gregory has some insight on ways you can tell the good from bad. This segment was recorded live on Winning at Life…

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How Your IRA Can Cost You When It Comes to Medicare

You have done the right thing for years. You have diligently saved and accumulated funds in your IRA.  At some point, the funds that you have put away for years must come out. Uncle Sam wants his share. When you reach age 70 ½, you must take a required minimum distribution (RMD) for that year and…

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The Ricks Report – May 15, 2017

­­­­­­­­The Ricks Report May 15, 2017  Numbers of $ignificance AGE AND WEALTH – Americans under the age of 35 make up 25% of the US population but hold just 5% of US wealth. Americans between the ages of 55-64 make up 16% of the US population but hold 31% of US wealth (source: Federal Reserve…

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Mother’s Day: The Simple Things that Matter

Instead of searching for the perfect card, a standard gift, or just the right color of flowers for Mom this Mother’s Day, try something different that will really WOW her. Write a letter (yes, with pen and paper) expressing a favorite memory from your childhood. Create a no work day which means no cooking, yard…

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