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.

Thinking of Buying a Fixed Annuity? Ask These Questions First

By GRA News Blog | July 3, 2020 |

Of all the types of annuities out there, a fixed annuity is the one that’s most straightforward. Is it the one that’s right for you? by: Ken Nuss Fixed-rate annuities are popular because of their guarantees, simplicity and higher rates than most competing products. A fixed-rate annuity — also known as a multi-year guaranteed annuity —…

The Dow Just Dropped 1,000 Points on New Coronavirus Fears. Here’s What to Do If You’re Worried

By gregoryricks | February 26, 2020

  Stocks plunged on Monday following news the deadly coronavirus may be gaining a bigger foothold outside of China. While big market moves can be scary — especially when tied to disquieting health news — you shouldn’t let it rattle your investment plan. The Dow Jones Industrial Average closed down 1,032 points, or 3.6%, on…

Wednesday Q & A: When Should I Turn On Social Security?

By gregoryricks | February 26, 2020

When should I turn on Social Security? Check out this video to learn about your “Energy Years” and if you have enough money saved for retirement. What is the minimum required distributions (RMD) from my IRA? With the passing of the new Secure Act of 2019, the Required Minimum Distribution (RMD) starting age has been raised to age…

Warren Buffett’s sobering advice: ‘Reaching for yield is really stupid’ but ‘very human’

By gregoryricks | February 26, 2020

KEY POINTS Billionaire Warren Buffett told CNBC that investors should not reach for yield beyond their risk-tolerance, even with stocks seemingly like the only place to get a return. “People say, ’Well, I saved all my life and I can only get 1%, what to do I do? You learn to live on 1%, unfortunately,”…

Retirement plans: 401(k) and IRA millionaires at Fidelity hits a record in the fourth quarter

By gregoryricks | February 24, 2020

Retirement savers are reaping the benefits of the stock market’s record run. The number of investors with at least $1 million in their 401(k) accounts rose to an all-time high of 233,000 in the final three months of last year, topping the previous record of 200,000 in the prior three months, according to Fidelity Investments’…

2020 Stock Market Outlook!

By gregoryricks | February 21, 2020

From record market highs to political lows, 2019 was full of drama in the U.S. and abroad.  Let’s look at the events of 2019 and explore where things are headed for 2020. AE Wealth Management 2020 Market Outlook! Download the full report at the link below the video. Watch the video or get the full,…

Wednesday Q & A: How Do I Rebuild My Credit?

By gregoryricks | February 19, 2020

When I retire, should I open a medical savings account, or should I have one before that? Health Savings Accounts & Medical Savings Accounts (essentially the same thing, with MSAs being restricted to self-employed persons or employees of small businesses) are great. As far as when you should start contributing, the same holds true here…

What You Need to Know About the Holiday Inn Retirement Plan

By GRA News Blog | February 17, 2020

A Texas man made headlines when he announced that instead of moving to a retirement home in his old age, he’d spend his days at various Holiday Inns around the world. How does he plan to do this, and why? Get the breakdown here. How The Plan Works Terry Robinson’s plan is just to move…

February 2020 Newsletter

By gregoryricks | February 13, 2020

Nearly 1 in 3 American workers run out of money before payday—even those earning over $100,000

By gregoryricks | February 13, 2020

Going extra light at the grocery store. Cutting down on medical supplies. Buying clothing and household supplies secondhand. These are just some of the many ways many Americans are making it work when money is tight. For about a third of Americans, this is a regular financial stress, with 32% running out of money before…


By gregoryricks | February 12, 2020

Overview In November 2019, the Internal Revenue Service announced inflation adjustments for more than 60 provisions for the 2020 tax year. The following is a guide for changes that will affect the greatest number of taxpayers. “While it’s been more than a year since the Tax Cuts and Jobs Act went into full effect, many…