News Blog

GRA has compiled a news feed to keep you up-to-date on

the latest financial and retirement news that could affect your wallet

See the latest headlines below.

The Ricks Report – January 17, 2017

By Gregory Ricks | January 17, 2017

The Ricks Report January 17, 2017 Numbers of $ignificance FEWER COLLEGE STUDENTS – There were 0 million college students during the fall of 2016 (both undergrads and grad students), the 5th consecutive year (2012-2016) that the total number of students has declined on a year-over-year basis (source: National Student Clearinghouse Research Center).                    MOST EVER…

3 Disappointing Facts About Social Security

By GRA News Blog | September 23, 2020

Heads-up: Social Security may not be as great as you think it is. A lot of seniors today rely on Social Security to pay the bills in retirement, and chances are, you’ll one day do the same. But there’s a lot of misinformation about Social Security, and if you don’t understand how it works, it could really…

This 3-question checklist will help you determine when you’re ready to invest your money

By GRA News Blog | September 22, 2020

CNBC Select spoke with a handful of certified financial planners about their advice for putting your cash in a high-yield savings account versus the stock market. Having the safety net of savings makes financial sense no matter your current situation. It’s important to have an emergency fund if you ever lose your job, and you’ll likely…

Here’s how much money you should have saved at every age

By GRA News Blog | September 21, 2020

Using analysis by Fidelity, CNBC Select provides guidance on age-based savings goals that can help you plan for retirement. Getty Images Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC will update as changes are made public.…

Claiming Social Security retirement benefits? Don’t let these myths trip you up

By GRA News Blog | September 18, 2020

KEY POINTS When it comes to Social Security benefits, “the earlier the claim, the steeper the penalty,” according to Shai Akabas, director of economic policy at the Bipartisan Policy Center. While workers are first eligible to claim at 62, holding off until age 70 could increase their benefits by as much as 76%. But some…

Diversify, Rebalance, Rinse, Repeat

By GRA News Blog | September 17, 2020

In 1997, with its stock price in the mid $60 per share range and an average market capitalization valued around $16 billion, JC Penney (JCP), having an investment grade credit rating, issued a $500 million, 100-year bond, that paid a coupon of 7.625%. On Friday, May 15th, 2020, the 118-year old JC Penney filed for…

Wednesday Q&A Should I take my employers stock option plan?

By GRA News Blog | September 16, 2020

Should I take my employers stock option plan? Gregory answers this question during an episode of the Ask Gregory podcast. Click to listen below! Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help Have questions about this week’s content, or…

Retirees Beware: These States Tax Your Social Security

By GRA News Blog | September 16, 2020

Social Security benefits are meager enough, yet these states take some of that money away. Though it can be skimpy, Social Security is a major source of money for retired Americans: The Social Security Administratration says about 1 in 5 older married couples and nearly half of single seniors rely on their benefits for 90%…

Stimulus check: Who counts as a dependent for your taxes and how much money could you get?

By GRA News Blog | September 15, 2020

If a second round of stimulus payments gets approved, you could be eligible for more money based on your dependents. Here’s how to find out. If you claimed dependents on your 2019 tax return, you should have received $500 per dependent in the first round of stimulus checks. The rules for who qualified as a…

IRS updates cryptocurrency tax guidance

By GRA News Blog | September 14, 2020

Virtual currency received for small tasks on a crowdsourcing platform is taxable Watch the latest video at The IRS issued new guidance clarifying how cryptocurrencies are treated for tax purposes when they are received in exchange for certain services. The tax agency recently released a memorandum stating that an individual who receives digital currency through a crowdsourcing platform…

Many older workers entered the pandemic with little saved toward retirement. Here’s how they can improve their finances now

By GRA News Blog | September 11, 2020

KEY POINTS A lot of older workers do not have a pension or 401(k) plan to draw money from when they retire. Many approaching retirement often have meager savings — just $88,000. If that’s you, there are steps you can take to help you live more comfortably later. Many people’s retirement dreams received a reality check following the…