The Ricks Report February 5, 2018   NUMBERS OF $IGNIFICANCE $ REQUIRED MINIMUM DISTRIBUTIONS – If you turned age 70 ½ sometime in 2017, then you must begin taking annual withdrawals from your IRA accounts no later than 4/01/18. If you delay your 1st withdrawal until 4/01/18, you must also take a 2nd distribution by…

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The Ricks Report January 29, 2018   NUMBERS OF $IGNIFICANCE $ BOTH ARE AT FAULT – The national debt increased +86% during George W. Bush’s 8 years as president, reaching $10.6 trillion as of 1/20/09.  The national debt increased +88% during Barack Obama’s 8 years as president, reaching $19.9 trillion as of 1/20/17 (source: Treasury…

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The Ricks Report January 8, 2018   NUMBERS OF $IGNIFICANCE $  NOT EXACTLY – USA Today writer Kelly Kennedy predicted in a 5/22/13 article that “market forces and an impetus to attract younger, healthier people into the insurance market will help keep health insurance premiums lower as the Affordable Care Act takes effect on 1/01/14”…

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The Ricks Report December 4, 2017   NUMBERS OF $IGNIFICANCE $   BACK TO BOOM LEVELS – The median sales price of existing homes sold nationally in October 2017 is 108% of the median sales price of existing homes sold nationally in June 2007, the latter date being the peak of the real estate boom.  Sale…

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The Ricks Report November 13, 2017   NUMBERS OF $IGNIFICANCE  $   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).  $   COMPLETE CYCLE – The jobless rate in the United States was 5.0%…

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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…

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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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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).…

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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.…

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