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Stop focusing on the big, scary numbers As retirement risks go, it’s one of the more impossible to manage and mitigate. Or is it? For years now, firms in the financial services industry, as well as researchers, have been scaring preretirees into thinking they need an ungodly amount of money set aside at age 65…
Watch our interview with Sidney Torres about his upcoming reality show The Deed on CNBC, and his insight on flipping real estate. Winning at Life with Gregory Ricks is on iHeartMedia’s Newstalk 99.5 WRNO in New Orleans, NewsRadio WJBO and Newstalk 104.9 in Biloxi, the iHeartRadio app, Periscope, and Facebook Live.
The Ricks Report February 6, 2017 Numbers of $ignificance RENTERS SOAR – The 109.6 million households in the United States on 12/31/06 were split between 75.4 million owners and 2 million renters. The 118.6 million households in the United States on 12/31/16 were split between 75.6 million owners and 43.0 million renters (source: Census…
For every five years longer a retiree lives, he or she spends about 15 percent less on average. This means that people in their 70s spend about half of what they do in their 50s. Even with the ramp-up in medical expenses that often comes later in life, retirees still tend to spend less as…
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 Ricks Report January 23, 2017 Numbers of $ignificance YOU ARE REPLACEABLE – Although just 5% of occupations consist of activities that are 100% automatable, i.e., they could be replaced entirely by technology or robots, 60% of all occupations have at least 30% of their daily activities that are automatable (source: McKinsey Global…
The Ricks Report January 17, 2017 Numbers of $ignificance FEWER COLLEGE STUDENTS – There were 0 million college students during the fall of 2016 (both undergrads and grad students), the 5th consecutive year (2012-2016) that the total number of students has declined on a year-over-year basis (source: National Student Clearinghouse Research Center). MOST EVER…
If you were to create a list of Americans who’ve had great influence on our country during the past 100 years, it would not be complete without the name Dr. Martin Luther King, Jr. While he’s best remembered for fighting for civil rights for African Americans, Dr. King also adhered to the idea revolutions can…
A new year brings a fresh start and a chance to do things better. You probably have a few resolutions for 2017. You may be planning to eat healthier, get more exercise, or stick to a budget. As you are making your resolutions for the new year, don’t overlook your IRA. Here are a…
The Ricks Report January 9, 2017 Numbers of $ignificance STRONGER DOLLAR, WEAKER EURO – 19 of 28 economists (68%) polled in late December 2016 believe that the Euro will “hit parity” with the US dollar during 2017, i.e., 1 Euro will equal 1 US dollar, the result of rising US domestic interest rates. The…
