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5 ways to create more memories — and not more debt — this holiday

By Gregory Ricks & Associates | December 9, 2019 |

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…

How to spend your retirement savings without triggering a tax penalty

By Gregory Ricks & Associates | November 11, 2019

It’s not just saving for retirement you need to worry about, but drawing down your money at the right time, too. The IRS requires savers to make withdrawals from their retirement accounts starting at age 70½. “They’ve allowed you to defer taxes, but they need to come collecting at some point,” said Arielle O’Shea, a…

Retirees’ Mandatory IRA Withdrawals Would Shrink Under Treasury Plan

By Gregory Ricks & Associates | November 10, 2019

The Trump administration is updating life-expectancy tables governing required withdrawals from tax-advantaged retirement accounts By Richard Rubin Updated Nov. 7, 2019 4:51 pm ET WASHINGTON—Retirees could take smaller mandatory withdrawals from their tax-advantaged accounts under a new Treasury Department proposal designed to adjust for rising life expectancy. If finalized, the rules would take effect starting in 2021,…

This Dire Stock Market Warning Is ‘Fake News,’ Analysts Say

By Gregory Ricks & Associates | November 9, 2019

Worries of an ETF bubble persist even as exchange traded funds soar in popularity. But two ETF professionals say they have proof the biggest worries about ETFs are “fake news.” Do ETFs threaten the market’s structure by making it too easy to pile into — or bail out of — the same stocks or bonds at lightning…

How much you’ll need to save monthly to retire with $5 million

By Gregory Ricks & Associates | November 8, 2019

Five-million dollars sounds like a lot of money. And for the 22% of Americans who say they have less than $5,000 set aside for retirement, saving that much may seem like an impossible goal. But what if you could retire with $5 million by the time you were 67? The good news is that it is…

How to Take Advantage of 401(k) Catch-Up Contributions

By Gregory Ricks & Associates | November 7, 2019

The 401(k) Catch-Up Contribution Limit for 2019 WHEN YOU TURN 50, YOU become eligible to contribute more money to your 401(k) plan. The tax deduction you can claim on these catch-up contributions could save you over $1,000 on your annual tax bill. Here’s how to take advantage of 401(k) catch-up contributions: Workers can defer paying income tax on…

The Worst Financial Mistake A Car Buyer Can Make

By Gregory Ricks & Associates | November 4, 2019

The prospect of paying too much for a new vehicle often fills shoppers with dread, which explains why so many invest hours researching prices, trade-in values and interest rates. But while getting a good deal is important, it does not guarantee immunity from making the costliest financial mistake: purchasing the wrong vehicle and selling it…

Winning At Life: Social Security Quiz

By Gregory Ricks & Associates | November 1, 2019

Gregory Ricks gives James Parker a pop quiz that most people fail: How well do you know the basics of Social Security? Test your knowledge with this great video!

5 Sources of Retirement Income That Aren’t Taxable

By Gregory Ricks & Associates | November 1, 2019

Keep more of your money during your golden years by incorporating these into your retirement plan. Just as taxes are a huge burden for working Americans, they can also be a drain on seniors’ limited resources. If you’re worried about affording your golden years, it pays to set yourself up with a number of income…

7 retirement saving mistakes financial advisers see too often

By Gregory Ricks & Associates | November 1, 2019

Saving for retirement is confusing – it’s no surprise we make mistakes along the way. Luckily, there are strategies to get back on track. Below, financial planners share the most common mistakes, and how they help their clients recover. 1. Failing to create a plan A retirement plan is one of the best ways to…

Affluent Millennials Don’t Think They’ll Retire By 65

By Gregory Ricks & Associates | October 30, 2019

According to New Investopedia Study, Affluent Millennials Aren’t Investing Enough, and They Know It Investopedia (, one of the world’s largest financial and investing websites, announced findings from a recent survey, which found that nearly half of affluent millennials say they think they will be forced to work beyond retirement age. While millennials see investing as…



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