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Posts Tagged ‘Retirement’
The Ricks Report – December 4, 2017
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…
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 MoreWinning at Life: What If I Win the Lottery?
The largest single Powerball winner was on TV today, and Gregory explains how this is a bad sign that she’s getting off to a bad start. What SHOULD you do if you win the lottery (or otherwise come into a big pile of money)?
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 Important Is a Credit Score in Retirement?
Cori from Waco, Texas calls Winning at Life to ask if maintaining a good credit score in retirement is worth the bother. Gregory Ricks and James Parker toss around the times when a retiree would benefit from keeping their credit score up.
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…
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 Long Does It Take to Make Up for Missed Early Social Security Checks?
On Winning at Life, Gregory Ricks relays a story with James Parker about a client who turned on Social Security benefits early after getting some bad advice from the folks at the Social Security office.
Read MoreWinning at Life: Will My High Income Affect My Social Security or Medicare?
Robert in Pontchatoula calls Winning at Life with Gregory Ricks to find out how his high income will affect his Social Security checks and Medicaid premiums.
Read MoreWinning at Life: What should I do with pension money at my old job?
Mike in New Orleans calls Winning at Life with Gregory Ricks to ask about his options for pension contributions he made at a previous employer.
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