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Posts Tagged ‘income planning’
Winning 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 $ 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%…
Read MoreThe 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 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 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 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 MoreWinning at Life: Chris asks if he should turn on Social Security while he's still working
On Winning at Life with Gregory Ricks, Chris calls in to ask Gregory and James if he should turn on his Social Security benefits at full retirement age or let it grow until age 70, since he’s going to be working past 70 anyway.
Read MoreWinning at Life: How Should Newlyweds Invest Beyond Their 401ks?
On Winning at Life, Gregory Ricks and James Parker discuss a comment card from a recent Gregory Ricks Live. They are newlyweds in their 30s looking for some direction on what they should be doing now that they’ve maxed their 401ks, and would like to invest beyond that.
Read MoreBrent from Metairie: How do I invest in gold without buying physical gold?
Gregory Ricks and James Parker discuss different ways to invest in gold other than buying coins and bars with Brent from Metairie on Winning at Life.
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