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Posts Tagged ‘Financial advisory’
The Ricks Report – October 23, 2017
The Ricks Report October 23, 2017 Numbers of $ignificance • INCREASING EQUITY – The average loan-to-value ratio in the US housing market as of 6/30/08 was 55%, i.e., the average home mortgage had 45% of equity behind it. The average loan-to-value ratio in the US housing market as of 6/30/17 was 42%, i.e., the average…
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…
Read MoreThe Ricks Report – October 9, 2017
The Ricks Report October 9, 2017 Numbers of $ignificance LARGEST IN THE WORLD– The US economy is $19.25 trillion in size as of 6/30/17. 10 years ago (2007), the economy was worth $14.48 trillion. 20 years ago (1997), it was worth $8.61 trillion. 30 years ago (1987), it was worth $4.87 trillion (source: Commerce Department).…
Read MoreOptions for a Spouse Beneficiary–Remain a Beneficiary or Retitle to Your Own Account?
Warning! The options described here are for spouse beneficiaries named on the beneficiary forms of IRA accounts. Non-spouse beneficiaries and spouses who inherit through an estate have a different sets of rules. Your spouse has died and you are named the beneficiary of their IRA. What do you do now? The IRA custodian has automatically…
Read MorePut Investor Psychology to Work for Your Portfolio
“If you know the enemy and know yourself, you need not fear the result of a hundred battles.” Sun Tzu wrote those words in The Art of War, but they can be applied to other challenges in life, including investing and working to secure your retirement. There are plenty of good strategies you can use to…
Read MoreYou Must Play by the Rules with RMDs and QCDs: Q&A Mailbag
This week’s Slott Report Mailbag examines Roth IRA transfers, QCDs and RMDs. 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: Dear Ed Slott and Company, Thank you for helping me with my question. I’m in the…
Read MoreWinning at Life: How to Know How Much Money You Need to Retire
On the financial talk show Winning at Life, Gregory Ricks and James Parker walk through the process of determining how much money you will need to have saved up to maintain your current lifestyle in retirement.
Read MoreInheriting an Inherited IRA
What are the rules when you inherit an inherited IRA? We get this question frequently. Let’s consider what happens when using designated beneficiaries. Jim dies and names Mike as his beneficiary on the beneficiary form. Five years later Mike dies and has named Phyllis, who is a successor beneficiary, on the beneficiary form. Titling The…
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