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Winning at Life: Randy from Kenner asks Gregory Ricks about Social Security Deferment
Randy from Kenner asks Gregory Ricks about social security in retirement. Randy is retired but has not turned on social security. How does the social security deferment process work and can you lose money if you don’t turn social security on immediately? Check out this short video to find out!
Read MoreWinning at Life: Gordon in Houma – Am I Ready to Retire?
Gordon calls in from Houma, Louisiana to get Gregory’s opinion on whether or not he’s ready to retire. Hear Gregory walk through some questions to see if Gordon is on the right path.
Read MoreWinning at Life: Bar Tab Metaphor for Trump Tax Reforms
Gregory Ricks and James Parker review a metaphor about splitting up a bar tab that tries to illustrate the similar nature of President Trump’s tax reform. White House Press Secretary Sarah Huckabee Sanders tells the parable to the media at a press conference, so how accurate is the comparison?
Read MoreHow to Take Advantage of Tax Reform Before Year's End
by: Jude Heath CPA 6 tax savings ideas to consider before year’s end 1. Pay your 2018 property taxes early If your state and local taxes will be greater than $10,000, pay the excess by December 31st, leaving $10,000 to deduct in 2018. 2. Make an extra mortgage payment Make your January mortgage payment in…
Read MoreWinning at Life: Gary in Gautier: What's your thoughts on day trading?
Gary leaves a question for Gregory Ricks on the Winning at Life app asking for his thoughts on how to get started day trading. Gregory explains why he’s not a big fan of day trading, and warns about the pitfalls.
Read MoreThe Ricks Report – October 30, 2017
The Ricks Report October 30, 2017 Numbers of $ignificance  START SAVING NOW – A child born in 2017 that begins kindergarten in the fall of 2022 would attend college between the years of 2035 and 2039. If that child attended an average public in-state 4-year college and if the annual price increases for public colleges…
Read MoreWinning at Life: James in Ocean Springs, MS: Can I Combine My Retirement Accounts into one?
James from Ocean Springs, Mississippi asks Gregory and James if he can combine his various IRA and 401k accounts into one IRA, and is that a good idea?
Read MoreAre You Over 70.5 Years Old and Still Working? Understand Your Options With RMDs: This Week’s Q&A
This week’s Slott Report Mailbag examines RMDs when you are still working past 70.5 years old and inheriting multiple IRAs. As always, we recommend you work with a competent, educated financial advisor to keep your retirement nest egg safe and secure. You can find one in your area here. Question: I have read some of your…
Read MoreA Tale of 3 Cousins and Their Inherited 401(k) Plans
This is the story of Al, Bob and Carl. Each cousin is the non-spouse beneficiary of his father’s 401(k) plan. Their fathers worked together at the local automotive factory for their entire lives and were all covered by the same plan. The default distribution option in the plan for non-spouse beneficiaries is a five-year payout.…
Read MoreRetirement Plan Checks and 60-Day Rollovers
Generally, when you receive a check from your IRA custodian or employer plan, you have 60 days to rollover the funds to another retirement account, either an IRA or an employer plan. As with most retirement plan rules, this rule comes with two exceptions – one good and one bad. Let’s look at what happens…
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