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 13, 2017

By Gregory Ricks | February 17, 2017

­ The Ricks Report February 13, 2017 Numbers of $ignificance NOT QUITE FREE TRADE – The United States exported more goods and services in calendar year 2016 to the United Kingdom and Japan ($119 billion of combined exports) than we exported to China ($116 billion). The population of China (1.39 billion people) is 7 times…

You’re Being Robbed … You Just Don’t Know It

By GRA News Blog | October 27, 2021
taking money from someone's pocket

For retirees especially, inflation risk should always be a top concern in your financial plan. If you’re wondering whether you should be concerned about rising inflation and what it could do to your purchasing power in retirement, the answer, of course, is yes. And not just right now, but always. Inflation has been a hot…

Don’t Let Social Security Steer You Wrong

By GRA News Blog | October 26, 2021
lady with dog

Few retirement decisions are as critical, or as easy to get wrong, as when and how to take your Social Security benefits. The rules can be so convolut… By Liz Weston September 23, 2021 This story originally appeared on NerdWallet Few retirement decisions are as critical, or as easy to get wrong, as when and how to take…

5 things people get wrong about IRAs: Bankruptcy protection limits, inheritances and more

By GRA News Blog | October 25, 2021
retirement accounts

IRAs have been around since 1974. And yet after nearly 50 years, there’s plenty that the 47.9 million households that use IRAs to save for retirement still get wrong about these retirement accounts. Here’s a look at often overlooked facts about IRAs: How much can I contribute and is it tax deductible? Experts say account owners often forget how…

Want a happy retirement? Here’s what experts say you need to do

By GRA News Blog | October 22, 2021
retired fun

Everyone wants to be happy in retirement. So what will it take to get there? It’s not just saving money, although that is key, according to certified financial planner Wes Moss, chief investment strategist at Atlanta-based Capital Investment Advisors and author of the upcoming book, “What the Happiest Retirees Know.” “Does more money buy more happiness?”…

Planning for retirement is hard, but you can do it, one step at a time

By GRA News Blog | October 21, 2021
tight rope

Get a grip on expenses and plan for a long life Retiring seems like an overwhelming prospect — because it is. You’re trying to save up enough money to last the rest of your life, including uncovered health costs, and you’re not exactly sure how long you need to save for, because, well, you don’t…

Wednesday Q&A Roth Ira As An Alternative To Emergency Savings?

By gregoryricks | October 20, 2021

Roth Ira As An Alternative To Emergency Savings? Let’s talk about savings statistics. Do you fall into any of these categories? What are the latest options for alternatives to emergency savings? 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…

3 Drawbacks of Using Only a 401(k) for Retirement

By GRA News Blog | October 20, 2021
paying bills on computer

Key Points You are paying fees in your 401(k), and those fees are reducing your investment returns. Some 401(k)s have great investment menus, and others do not. 401(k)s have early withdrawal restrictions, which can prevent you from retiring early. Some 60 million people are actively saving money to a 401(k). The workplace retirement account has…

Should You Sign Up for Social Security at 65?

By GRA News Blog | October 19, 2021

You may want to claim benefits at 65, but here’s how to know if that’s the right choice. Key Points Many retirees rely heavily on Social Security. Seniors can claim benefits as early as age 62. Filing for benefits at 65 can be a smart choice, but it can also pay to wait. Motley Fool…

Tax Planning Opportunities You Might Not Be Aware Of

By GRA News Blog | October 18, 2021

To save on taxes over all your years, not just right now, try these four different strategies. Tax planning is not just an opportunity to reduce your tax bill; it is also an opportunity to build up your financial assets with creative strategies. Smart investment choices now can reduce your taxable income pre- and post-retirement,…

House Democrats’ tax proposal may affect life insurance for the rich

By GRA News Blog | October 15, 2021
US capitol

KEY POINTS Many wealthy Americans hold life insurance in grantor trusts to reduce the size of their taxable estate at death. That type of planning may be upended by a measure that passed the House Ways and Means Committee as part of a $3.5 trillion budget plan, according to estate experts. The rule aims to…