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Winning at Life: Steve in Van Cleave asks about a reverse mortgage
Steve asks Gregory Ricks and Dwayne Stein about how the math on a reverse mortgage sounds like a rip off. Is it useful in the right circumstance? Steve calls in from Van Cleave, Mississippi to discuss his situation on Winning at Life.
Read MoreWinning at Life: 2018 Predictions
Gregory Ricks & James Parker give their 2018 market predictions. What will happen with Bitcoin? Where will the Dow end up? What will GDP growth be? These are tough predictions, how did we do?
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: How $846k Got Lost in the Mail
Gregory Ricks tells the story of an upset heir who’s inheritance got lost in the mail. He also has some insight on how this mistake could have been avoided, and what you can learn from this story on how to handle the transfer of large assets.
Read MoreCraig in Biloxi: How Will My Government Pension Affect My Social Security?
Craig calls in from Biloxi to ask Gregory Ricks about how his government pension affects his social security.
Read MoreWinning at Life: Harry in Metairie, LA: What's the difference in s-corp and c-corp?
Harry calls in from Metairie, Louisiana and asks the difference between an s-corp and a c-corp. We have Jude Heath, CPA of the Total Wealth Authority, joining Gregory and James in studio to help.
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 – November 13, 2017
The Ricks Report November 13, 2017 NUMBERS OF $IGNIFICANCE Â $Â Â INCREASE EVERYONE – Individual income taxes paid by American taxpayers would have to increase by +42% in order to eliminate our $666 billion deficit from fiscal year 2017 (source: Treasury Department). Â $Â Â COMPLETE CYCLE – The jobless rate in the United States was 5.0%…
Read MoreInherited IRAs – When do RMDs Begin?
We are frequently asked when required minimum distributions (RMDs) begin when an individual inherits an IRA. As with most things related to IRAs, the answer is, it depends. Year of Death RMD If a Traditional IRA owner died after their required beginning date (RBD) and did not take their RMD for the year, the RMD…
Read MoreThe Ricks Report – October 16, 2017
The Ricks Report October 16, 2017 Numbers of $ignificance EXPANDING ECONOMY – The US economy has been growing for the last 99 months (i.e., no recession), an expansion exceeded in length only 2 times since 1900 (source: National Bureau of Economic Research). DECADES PASS WITH FEWER REFINERIES – The United States has 141 operable oil…
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