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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…
The Ricks Report March 20, 2017 Numbers of $ignificance DEFICITS – The CBO estimates that the AHCA would reduce federal deficits by $337 billion over the next 10 years, largely from reduced Medicaid outlays and from the elimination of ACA tax credits (source: CBO). COST ESTIMATES – The CBO projects that AHCA average premiums will…
Tina from Waco, TX calls into Winning at Life and asks Gregory and James about what she should do with the 401k at her previous job.
Louis in Kenner just had his 10 year term life insurance expire, and the renewal rate is too expensive. His kids are doing great, and it seems more economical to set aside money for the funeral costs than repurchase or renew a life insurance policy. What does Gregory recommend?
The Ricks Report March 13, 2017 Numbers of $ignificance DISCRETIONARY VS. MANDATORY – Over the next decade (fiscal years 2018-2027), estimated discretionary spending by the US government will total $13 trillion, an amount that is dwarfed by the government’s $34 trillion of projected mandatory spending (source: Office of Management and Budget). GAP IN COVERAGE…
The Ricks Report March 6, 2017 Numbers of $ignificance ALMOST TWENTY TRILLION – The national debt of the United States is reported 5 days a week and is calculated to the penny. The national debt first exceeded $19 trillion on 1/29/16 and subsequently passed $19.9 trillion on 11/22/16. Outstanding debt peaked at $19.977 trillion…
By GREGORY RICKS, Founder and CEO | Gregory Ricks & Associates March 2017 Couples need healthy communication to be on the same page, and women have a vital role to play in the process. When couples plan their retirement, they should take into account a simple fact of life: On average, women live longer than men. A…
The Ricks Report February 27, 2017 Numbers of $ignificance S. DEBT HOLDERS – The Federal Reserve owned more Treasury securities at the end of 2016 ($2.46 trillion) than Japan ($1.09 trillion) and China ($1.06 trillion) combined (source: Treasury Department). DO I REALLY NEED IT? – Only 36% of all jobs in the United States require…
The Ricks Report February 21, 2017 Numbers of $ignificance FEWER CHOICES – There were 1.65 million existing homes for sale nationwide as of 12/31/16, a total that has dropped 460,000 in the last 6 months. The 1.65 million “for sales” is the lowest level ever reported for a statistic tracked since 1999 (source: National…
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…