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The Ricks Report – January 30, 2017

By Gregory Ricks | January 31, 2017 | Comments Off on The Ricks Report – January 30, 2017

The Ricks Report January 30, 2017 Numbers of $ignificance DOUBLE-DOUBLE – The national debt increased +37% during Bill Clinton’s 8 years as US president, reaching $5.7 trillion as of 1/20/01. The national debt increased +86% during George W. Bush’s 8 years as US president, reaching $10.6 trillion as of 1/20/09.  The national debt increased +88%…

One-third of Americans admit to making this costly mistake during the holiday season

By Gregory Ricks & Associates | December 11, 2019

This one decision could put millions of people in serious debt Retail credit cards have some of the highest interest rates on the market — but millions of shoppers are still planning on opening new ones during the holiday season. Nearly one-third of Americans said they’re likely to apply for a store credit card this…

Uber CEO: This is the subject young people should study in college, no matter their career goals

By Gregory Ricks & Associates | December 10, 2019

Dara Khosrowshahi, chief executive officer of Uber Technologies speaks on a webcast during the company’s initial public offering on the floor of the New York Stock Exchange, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber CEO Dara Khosrowshahi has a recommendation for graduating high school seniors on what to study in college.…

USMCA could go through by the end of December, strategist says

By Gregory Ricks & Associates | December 10, 2019

USMCA could go through by the end of December, strategist says Rufus Yerxa, president of the National Foreign Trade Council, and Kim Forrest, chief investment officer at Bokeh Capital Partners, join “Squawk Box” to discuss what they are watching in the markets as the December 15th tariff deadline draws closer. original source: https://www.cnbc.com/video/2019/12/10/usmca-could-go-through-by-the-end-of-december-strategist-says.html

Baby boomers are thriving on an ‘unprecedented’ $9-trillion inheritance

By Gregory Ricks & Associates | December 10, 2019

Inheritances are part of a dynamic that’s widening the wealth gap between generations The rich aren’t just getting richer. They’re getting older. And, fortunately for their children, they’re set to leave plenty of money in the bank. About US$36 trillion will flow from one generation to another over the next 30 years, according to a…

5 ways to create more memories — and not more debt — this holiday

By Gregory Ricks & Associates | December 9, 2019

Between 35 million and 50 million Americans are still carrying credit card debt from last year’s holiday shopping The official holiday shopping season kicks off with Black Friday and Cyber Monday, when more than 165 million people are expected to bag holiday gifts for everyone on their lists (including themselves.) Americans are expected to spend between $727.9…

Medicare Open Enrollment is Here: Are You Covered for 2020?

By Gregory Ricks & Associates | December 6, 2019

Each year, we urge you to review your Medicare coverage to ensure it’s still the right plan for you. Your needs may have changed, and the Medicare plan you’re on may have changed. Either way, it’s smart to review your plan to ensure you’re on the best plan for you. This is the time of…

I raised 2 successful CEOs and a doctor—here’s one of the biggest mistakes I see parents making

By Gregory Ricks & Associates | December 4, 2019

It’s rather strange to be a “famous” parent and have your family profiled on the cover of magazines. I certainly don’t claim all the credit for their successes, but all three have turned out to be accomplished, caring and capable people. Susan is the CEO of YouTube, Janet is a professor of pediatrics, and Anne…

How Retirement Communities Work

By Gregory Ricks & Associates | December 3, 2019

BY AMY FONTINELLE Choosing a retirement community is a big decision. Your choice will affect your – or your loved one’s – finances, quality of life, and in many cases, health and longevity. Here’s an overview of the four main types of retirement communities, how they work, and their approximate cost. Independent Living Also called senior…

Watch this little girl’s VERY big dog wait with her for the school bus

By Gregory Ricks & Associates | December 2, 2019

While she waits for the school bus each morning, this little girl has a loyal companion – an English mastiff named Gordon. TODAY’s Hoda Kotb has your Morning Boost.

Millennials Want to Retire Too. Here’s How.

By Gregory Ricks & Associates | November 28, 2019

Yes, millennials have special challenges, but there’s a way. Here’s some tough-love advice on money and life for millennials from a CPA who is also a millennial himself well on his way to financial independence. Getty Images Millennials, such as myself, seem to be known the world over for our poor choices, efforts to alter…

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