Winning at Life with Gregory Ricks: The Daily Wrap

Gregory sees a strong chance your taxes will be going up in the future, and prefers to invest accordingly. Tax increases also means slower economic growth. Election 2020 is starting to look a little clearer, and Gregory expects a positive result for the investors. The Hunter Biden laptop only strengthens the bullish position. Gregory adds some more insight to a call from Saturday's show. Jay has a chance to participate in a p...

For those of you who think life is tough in 2020, perhaps you've forgotten how nice you have it compared to 1972. Gregory responds to a clip from Adam Carolla about appreciating modern luxuries. People have been paying down their credit card debt over the pandemic. The US has doubled the national debt since 2010. Ryan in Biloxi called for a friend who is self employed, and was denied a mortgage because her income was too low....

John in Gulfport is looking for ways to help his credit score so he can be in a better position to buy a house. New Hampshire is suing Massachusetts for taxing their residence for working at home if they are employed in Mass. Don't worry too much about the upcoming election. The market should be fine either way in the long term. Gregory reviews a couple of calls about Social Security from Saturday's show. http://www.Win...

What's rules for SSI and Disability? Gregory explains the difference between Supplemental Security Income and Social Security's Disability programs. Bob in Biloxi is thinking about moving the money from his 401k into 2 fixed annuities. What does Gregory think? Bruce in Denham Springs was on Disability, and when he switched to Social Security retirement benefits at his Full Retirement Age, his taxes went up. Can he switch...

The way you listen to audio has changed dramatically. People are listening to more spoken word content than ever, and the AM/FM radio accounts for less than half of listening hours. How do SSI and Social Security Disability differ? What are the different rules for these programs, and how do you qualify for help from them? Ken in New Orleans calls back to the show to let us know his artwork has been selling well. Tommy in Folsom ...

Laura in New Orleans has asked Gregory about buying stock in Carnival Cruise Lines on the show back in March. She called back and confirmed she bought in. How has her investment performed thus far? Gregory's guidance proved to be spot on. The shop teacher at Gulfport High wins a $50,000 prize for trade teachers in recognition of his auto shop class. How does someone know how much money they should be saving every month? Here...

Pool Corp, the largest whole distributer of pool parts, is based in Covington and just got listed on the S&P 500. The plans are revealed for the new UMG Hotel in Biloxi. Laura in New Orleans is inheriting a decent amount of money. How does she go about the process of knowing where to put it, and how much to put in each bucket. When Eric in New Orleans inherited a bunch of money, his uncle promised to manage his investments an...

A football star just bought the most expensive house in Charlottesville. Gregory explains how overbuying a house is a trap many people easily fall into. Charlene in New Orleans bought a fixed annuity, and wants to know how all of the surrender charges and maturity dates work. Gary in Marrero is just a year away from his Full Retirement Age, and asks Gregory if he should turn on his Social Security retirement benefit a year early....

Does Social Security count marriages performed overseas? Carlos in Moss Point was married in China, and wants to make sure his wife qualifies for Social Security spousal and survivor benefits. Richard in Slidell has a wife on Medicaid. Can he sell his house and use that money to buy a new one, or will that be affect his Medicaid status? Bill in Holden has a 401k at his old job. What should he do with it? Scott in Mobile has a si...

Learn the lessons from John McAfee's arrest in Spain on tax evasion. Gregory gives you a helping hand on how to get caught up on your taxes, and some bad news if you don't. Gregory shares the story of a family of Bronco Riders who have won a load of championship on the rodeo circuits. Bradley from Hammond asks for more details about the John McAfee story. We do not endorse his evasion of taxes, but we all agree this will ...

A survey shows about half of Americans are pessimistic about the economy over the next 6 months. Gregory suggests if you're concerned about stock losses, take a look at the bond world for a little balance. Gregory reviews a call from Richard on Saturday asking about how his various streams of income could affect his Social Security retirement benefit. Gregory reveals what's really going on behind some of those financial s...

Gregory breaks down more details in Trump's tax returns, and how it's not unusual for businesses to consistently show losses. There's plenty of tax lessons to be learned here, too. Greg in Laplace is not a Trump fan, and is not happy we are saying nice things about him. How long with the Coronavirus be a drag on the economy? Anita in New Orleans is divorced and remarried. Does she get to choose a spousal benefit from...

What are the Social Security rules for a couple of divorcees who get married? Gregory helps Anita understand her options concerning her previous spouse and her new spouse, and what could change her situation in the future. Gregory breaks down more details in Trump's tax returns, and how it's not unusual for businesses to consistently show losses. There's plenty of tax lessons to be learned here, too. This year nationa...

What do we learn from Trump's tax returns? The fact he pays zero in federal income taxes some years deserves an incredible amount of context. Gregory breaks down how your tax burden deserves the same context. We review a call from Saturday about spousal Social Security strategies. Doc in Pearl River inherited a bunch of physical silver from his father. What should he do with a big pile of silver coins? How is wealth really c...

Anita in New Orleans is divorced and remarried. Does she get to choose a spousal benefit from her current and ex spouse? Patricia in New Orleans asks if her IRA's Required Minimum Distribution can go into a Roth IRA. Gregory points out the RMD has to be taken, and the taxes have to be accounted for, but getting money into a Roth IRA is dependent on your earned income, so it's a completely separate discussion. Does 401k/IR...

Check your Social Security credits! Gregory shows you how to find errors in your Social Security record, and if you can get it fixed. How does Medicare work? Gregory's latest webinar series focuses on the rules for how to start Medicare. Gregory rescues a giant turtle. How will the political changes of the 2020 affect your money? If you're so worried about it, maybe you should move away from your riskier assets. You sho...

How will this election affect your money? Gregory calms the waters, and explains why the results of this election will not have much affect in the long term statistics. The open Supreme Court seat will cause a lot of noise in DC, but no big lasting affect on Wall Street. Gregory points out the high emotions around these issues could contribute to volatility, but only for a while. Gregory reminds you to support your local restaura...