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Mark your calendars, here’s when tax season starts

By gregoryricks | January 16, 2020 |

It’s the second year since Trump administration’s tax-code changes took effect Jan. 27 is the start of this year’s tax season, the Internal Revenue Service announced Monday. Beginning in three weeks, the agency will start accepting and processing tax returns. This is the second season since the Trump administration’s tax-code overhaul took effect. Some people…

How Working Past 65 Can Affect Your Social Security Benefits and Medicare Premiums

By gregoryricks | January 13, 2020

For a growing number of Americans, “retirement” simply means changing where or how you work. More than half of Americans age 40 and up expect to continue doing paid work after retirement, according to TD Ameritrade. This includes 86% of people in their 50s, while a remarkable 92% of people in their 40s expect to keep working…

These are the top Money and investment trends to watch out for in 2020

By Gregory Ricks & Associates | January 9, 2020

All in all, 2019 was a pretty strong year for the economy. Job growth was brisk, with both inflation and interest rates low. Economic growth was decent as recessionary fears have abated. Consumers remain confident, highlighted by solid holiday sales. But this doesn’t mean everyone is prospering. Here are some money and finance trends to…

The average American starts saving for retirement at this age

By Gregory Ricks & Associates | January 8, 2020

The sooner you start saving for retirement, the more opportunity you’ll have to build a solid nest egg without having to sacrifice too much on an ongoing basis. But data from Nationwide tells us that Americans are putting in roughly a decade in the workforce before giving their long-term savings a thought. The average American begins funding a…

Congress’s 5 Biggest Changes In 2020 That Will Impact the Future of Your Retirement

By Gregory Ricks & Associates | January 7, 2020

American flag waving with the Capitol Hill in the background-GETTY The days of relying on Social Security and defined benefit plans for a secure and comfortable retirement are swiftly coming to an end. The next waves of retirees should have substantial personal savings in order to create a detailed and long-lasting plan, better than those…

Observations from the Brink of Retirement

By Gregory Ricks & Associates | January 6, 2020

A retirement income specialist shares three important lessons he’s learned during his own financial and mental journey as he gets ready to dive into retirement. His personal insights could help guide your path as well. Planning for my own retirement has been interesting, as my day job is teaching financial advisers about retirement planning. At…

6 Ways The SECURE Act May Impact Your Retirement

By Gregory Ricks & Associates | January 3, 2020

GETTY The new Setting Every Community Up For Retirement Enhancement (SECURE) Act, just signed by President Trump, is the broadest piece of retirement legislation passed in 13 years. Ultimately, the law focuses on retirement planning in three key areas: 1) modifying required minimum distribution (RMD) rules for retirement plans; 2) expanding retirement plan access and…

Misconceptions may lead to dehydration in older adults

By Gregory Ricks & Associates | January 3, 2020

A new study looks at what keeps older adults from getting sufficient fluids to avoid negative health outcomes. New research stresses the importance of staying hydrated as we get older. Staying hydrated seems simple enough. Yet studies have shown that somewhere between about one-third and one-half of older adults may be dehydrated, increasing their risk of health…

10 Top New Year’s Resolutions for Success and Happiness in 2020

By Gregory Ricks & Associates | January 1, 2020

Studies show that about 60 percent of us make New Year’s resolutions each year–sadly, only about 8 percent of us achieve them. As the New Year fast approaches, it’s natural to feel a bit excited by the prospect of leaving behind the old year and beginning anew. In fact, research shows that about 60 percent of us…

10 Ways to Reduce Your 401(k) Taxes

By Gregory Ricks & Associates | December 31, 2019

How the pros help clients minimize their tax burden If you have a traditional 401(k), you will have to pay taxes when you take distributions. Unfortunately, that 401(k) money is subject to the worst kind of taxes—ordinary income taxes. The amount you pay is based on your tax bracket, and if you’re younger than 59½, add 10% (for early withdrawal) in…

Gregory Ricks & Associates Year In Review 2019

By Gregory Ricks & Associates | December 31, 2019

Year in Review We have successfully completed another exciting year at Gregory Ricks & Associates. In 2019 we were able to create a strong team and positive culture at our office. This, of course, would not be possible without our loyal clients. As we move into 2020, we commit to continue to provide our clients…



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