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Archive for September 2017

The Ricks Report – September 25, 2017

The Ricks Report September 25, 2017 Numbers of $ignificance A NEW RECORD– Damage caused by Harvey and Irma is estimated to be $290 billion. Harvey’s damage estimate of $190 billion would make it the costliest weather disaster in US history.  Harvey and Irma were the first Category 4 or higher hurricanes to strike the US…

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The Ricks Report – September 18, 2017

The Ricks Report September 18, 2017 Numbers of $ignificance   NEW IDEA – Fed Chair Ben Bernanke announced in November 2008 his revolutionary idea (“Quantitative Easing”) designed to keep the US economy from falling into a 1920s style depression. The plan involved the creation of “bank reserves” that were used to purchase bonds from American banks,…

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The Ricks Report – September 11, 2017

The Ricks Report September 11, 2017 Numbers of $ignificance  HARVEY’S IMPACT ON GAS – The national average price of gasoline had increased just 3 ½ cents per gallon YTD through Friday 8/25/17, the day Hurricane Harvey made landfall in Texas. In the 2 weeks since then, average gas prices nationwide have gone up another 32…

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Want to Donate to Harvey Victims? Consider a QCD

As the flood waters slowly recede in the Houston area, many people are asking themselves how they can help the victims of Hurricane Harvey. For those who have IRAs and are charitably inclined a Qualified Charitable Distribution (QCD) may be one way you can help. QCD Rules Not everyone can do a QCD. A QCD…

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The Ricks Report – September 5, 2017

­­­­­­­ The Ricks Report  September 5, 2017 Fixed Indexed Annuities used in the appropriate way can be wonderful additions to a well-rounded retirement plan. These tools give their owners opportunity to capture positive gains in market indexes while having protection from market downturns. I am including in this email a brochure for such a product…

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