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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 30, 2017

By Gregory Ricks | January 31, 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%…

The Federal Reserve now forecasts at least two rate hikes by the end of 2023

By gregoryricks | June 17, 2021
federal reserve

KEY POINTS Wednesday’s forecast showed 13 members of the Federal Open Market Committee believe the Fed will increase rates in 2023 and the majority of them believe the central bank will hike at least twice that year. In fact, seven of the 18 members see the Fed possibly increasing rates as early as 2022. The…

When claiming Social Security at age 66 makes sense

By gregoryricks | June 17, 2021
social security sign up

The conventional wisdom to wait until age 70 isn’t always right By how much do you think your investments will beat inflation over the course of your retirement? As you think about your answer, you may find it useful to review the data in the table below. It reports the annualized returns over all 20-year…

Wednesday Q&A How can inflation affect my investments?

By gregoryricks | June 16, 2021

How can inflation affect my investments? Inflation can affect different types of investments in different ways. Gregory goes over the types and how they can be affected in this short clip. 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…

How to Know When Inflation Is Here to Stay

By gregoryricks | June 16, 2021
inflation

Inflation is here already, and in the long run there is a lot of upward pressure on prices. But between now and then lies a big question for investors and the economy: Is the Federal Reserve right to think that the price rises we’re seeing now are temporary and will abate by next year? Some at the…

Does your state tax social security benefits? Here’s why that’s crucial to your retirement strategy

By gregoryricks | June 15, 2021
social security

If you’re concerned about how much income from Social Security you’ll receive after taxes you might want take note of the following: Thirteen states tax Social Security benefits, according to a recent Tax Foundation analysis. And that would be on top of taxes you might pay the IRS if you’re collecting Social Security, older than full…

Here’s what happens if you default on your student loans

By gregoryricks | June 14, 2021
default on loans

Defaulting on your loans has some serious consequences. Select explains what happens if you default, plus how to avoid it.     For many student loan borrowers, the amount they pay toward their debt each month is not insignificant. In fact, the average monthly student loan payment is currently $393, which can be an overwhelming expense if you’re…

Every state offers a different 529 plan—here’s how to pick the best one for you

By gregoryricks | June 11, 2021
529 college plans

May 29 is nationally recognized at 529 College Savings Day, a day (mostly celebrated by a niche group of higher education experts and personal finance enthusiasts) to draw attention to the tax-advantaged savings plans offered by all 50 states and the District of Columbia. First created in 1996, 529 plans are state-sponsored investment accounts that savers…

Does your state tax social security benefits? Here’s why that’s crucial to your retirement strategy

By gregoryricks | June 10, 2021
Social Security Famil

If you’re concerned about how much income from Social Security you’ll receive after taxes you might want take note of the following: Thirteen states tax Social Security benefits, according to a recent Tax Foundation analysis. And that would be on top of taxes you might pay the IRS if you’re collecting Social Security, older than full…

Wednesday Q&A How will last year’s unemployment be taxed?

By gregoryricks | June 9, 2021

How will last year’s unemployment be taxed? Find out how your income is taxed if you had filed for unemployment in 2020. 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 need help…

5 ways to pay down your car loan and save money

By gregoryricks | June 9, 2021
How to pay down car loan

The average price for a new car is currently $36,744, according to the National Automobile Dealers Association. Most Americans can’t afford to pay this out of pocket, which makes taking out a car loan a necessity. Car loans are one of the most common types of consumer loans, and they differ quite a bit from other…

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