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 – February 6, 2017

By Gregory Ricks | February 7, 2017

­ The Ricks Report February 6, 2017 Numbers of $ignificance RENTERS SOAR – The 109.6 million households in the United States on 12/31/06 were split between 75.4 million owners and 2 million renters. The 118.6 million households in the United States on 12/31/16 were split between 75.6 million owners and 43.0 million renters (source: Census…

Maxing Out Your 401(k) Can Make You a Millionaire by 45

By GRA News Blog | December 3, 2020

To max out your 401(k) in 2020 or 2021, you’d need to contribute $19,500. If you’re 50 or older, you’re allowed to make a $6,500 catch-up contribution, so $25,000 is your maximum. Let’s face it: $19,500 a year is a lot of money, particularly if you’re just starting your career. But if you can contribute…

Wednesday Q&A How can I track down an old life insurance policy?

By GRA News Blog | December 2, 2020

How can I track down an old life insurance policy? Gregory helps a Winning at Life caller find out about life insurance company safeguards and how he might track down a forgotten policy. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to…

4 Last-Minute Ways to Reduce Your Taxes

By GRA News Blog | December 2, 2020

Even if you’ve already earned most of your income for the year, you can still make some common-sense moves to reduce the amount of income taxes you owe in the current tax year. TURBOTAX NOV 20, 2020 7:00 AM EST As the year ends, you may feel it’s too late to save any money on…

How to Invest Successfully for Retirement in 3 Easy Steps

By GRA News Blog | November 30, 2020

How to Invest Successfully for Retirement in 3 Easy Steps You’ll often hear about the importance of saving for retirement. But saving is only part of the picture. You’ll also need to invest your savings appropriately to ensure that your money grows into a substantial enough sum to sustain you as a senior. In order…

The 5 biggest retirement mistakes you could make

By GRA News Blog | November 30, 2020

Are you planning for when you retire? Good idea. Stay clear of making these 5 huge, common mistakes when it comes to retirement. When I first started going to my financial advisor in 2019 at the tender (and all-too-adult) age of 29, I learned a lot about investing and the market itself. He was also…

Cheap Fun Cars Are Dying Because Young People Can’t Afford Them

By GRA News Blog | November 27, 2020

Why are attainable enthusiast cars disappearing? Because young working people can no longer afford to buy them. Car fans are tired of being told we can’t have nice things. The ensuing refrain is that the enthusiast market is too small to be sustainable. Given the U.S. population alone has increased by 80 million people over…

Wednesday Q&A What are the taxes on a deferred compensation plan?

By GRA News Blog | November 25, 2020

What are the taxes on a deferred compensation plan? Gregory addresses a question about deferred compensation plans and what the tax implications are on those types of company savings plans. Find out what taxes will look like if you are forced to take a lump sum. Do you have questions for Gregory? Press the ASK…

Jeff Bezos on why you should trust your gut, not data

By GRA News Blog | November 25, 2020
LEV RADIN / SHUTTERSTOCK

Amazon takes pride in its ruthless efficiency: fast delivery, a gigantic variety of products, and demanding work culture. But efficiency isn’t the key to Amazon’s success. During an interview at the Economic Club of Washington, Founder and CEO Jeff Bezos said: “I believe in the power of wandering. All of my best decisions in business and in life…

Should I take a $1,913-a-month pension or a $445,000 lump sum?

By GRA News Blog | November 23, 2020

My husband and I are 65 years old. He’s retired with a monthly pension of $1,800, and when he dies, I will be collecting the same amount for life. My husband and I will start to collect Social Security benefits Jan. 1, 2022, when each of us will collect $2,600 a month. We have total…

Using a credit card is as easy as swiping or tapping, but understanding how payments and interest work is key to staying out of debt

By GRA News Blog | November 20, 2020

On the surface, using a credit card is easy; you just swipe, tap, or insert to pay. It’s important to understand how credit card payments and interest work too, so you can avoid large interest fees. The key to using a credit card responsibly is to pay off your balance in full each month. This…

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