to view the 2015 july newsletter!!!

J U LY 2 0 1 5 I S S U E
Smart Money News and Facts
504-832-9200
www.gregoryricks.com
[email protected]
Do you have a 401K with an old employer?
If you retire from a company, switch jobs or your company is bought out, there are many
things that you need to consider.
1. Your 401K has several choices in where you can move it
a. Leave at old plan
b. Move to another plan
c. Rollover to an IRA
d. Consider the age 55 exception
e. Consider NUA (Net Unrealized Appreciation)
*If your company plan includes highly appreciated company stock, consider withdrawing the stock and rolling
the rest of the plan assets over to an IRA. This way you’ll pay no current tax on the NUA or the amount rolled
over to your IRA. The only tax you’ll pay would be on the cost of the stock when acquired by the plan.
2. Pensions
a. When to turn it on
b. How to think about spousal continuation
c. Is there a lump sum option?
i. Taking the lump sum may not be a wise choice
*A pension buyout should be evaluated within the context of your overall retirement picture. If you are
presented with this option, consult an expert who can give you unbiased advice about your choices.
*If you decide to take a lump sum in lieu of monthly pension payments, you may want to consider rolling it
over into an IRA. A direct rollover from your employer’s plan to your IRA provider (trustee to trustee) will
not be subject to immediate taxation and may be the best way to preserve a tax-deferred status of this money.
3. Be careful in making your decisions
*Individuals who are ex-employees always receive better service and more personal attention from financial
advisors than from some inexperienced phone rep at the firm the company plan has been outsourced to.
*Everyone’s circumstances are different. What is right for your friend, neighbor, coworker or relative may not
be right for you.
Gregory Ricks & Associates specializes in 401K’s and Retirement Planning.
If your company has been bought out and you have a 401K with the previous company,
please call our office for some financial guidance - (504) 832-9200.
“If you’re not at your last job, your 401K shouldn’t be either.”
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Gregory Ricks & Associates is A Registered Investment Advisor ©2015
2800 Veterans Memorial Blvd, Suite 170, Metairie, LA 70002 • 504-832-9200
Stay Connected with Us!
HAPPY BIRTHDAY TO OUR STAFF!
Wesley Blanchard – Estate Planning Attorney - July 5
Lance, Emily and Luke turned 17 on June
23rd! They enjoyed a birthday lunch at the
Cheesecake Factory in Metairie.
Kristy Tucker – Client Service Associate - July 26
Cody Bennett – Business Development Manager - July 29
Our clients, Irv, Janet & David, had a
wonderful time at the March of Dimes
Spotlight on Success Gala with Gregory
and Stacey last month! The event was at
Generations Hall and benefited the March
of Dimes.
Our clients, Jim & Molly, enjoyed the Gary Allan
concert sponsored by WNOE 101.1 and Gregory
Ricks & Associates at the House of Blues on June 22.
All proceeds went to the St. Judes Foundation.
Page 2
Gregory Ricks & Associates is A Registered Investment Advisor ©2015
2800 Veterans Memorial Blvd, Suite 170, Metairie, LA 70002 • 504-832-9200
The Total Wealth Authority
Make sure to tune into “Winning at Life” on Saturday Mornings. Below is a schedule of
this month’s Guests!
July 4: Best of Show
July 11: Dwell NOLA Realty
July 18: Wesley Blanchard, WJ Blanchard Law
July 25: Dwayne Stein, Mortgage Expert
Wesley J. Blanchard
Dwayne Stein
Estate Planning Attorney
WJ Blanchard Law LLC
(504) 832-9200
Mortgage Expert
Cross Country Mortgage
(985) 612-1900
www.crosscountrynola.com
.
15109 Brewster Rd.
Covington
$559,900
Approx 5600 sq ft
just under one acre
Stephanie Campani
& Traci Bird Kestler
Dwell NOLA Realty
(504) 301-2400
www.dwellnola.com
140 Tomahawk Ln,
Covington
$420,000
3900 sq ft
10 acres
Corner lot
15th/Menetre,
Covington
$449,000
2.44 acres
To contact our partners, contact us at (504) 832-9200
or email us at [email protected].
Page 3
Gregory Ricks & Associates is A Registered Investment Advisor ©2015
2800 Veterans Memorial Blvd, Suite 170, Metairie, LA 70002 • 504-832-9200
NEWS JUST FOR YOU!
Some historical dates in JULY!
FUNNY BUMPER STICKERS
July 1 - The first adhesive postage stamp was
offered for sale, 1847
July 2 - Amelia Earhart and her airplane were lost
in Pacific Ocean, 1937
July 4 - The Declaration of Independence was
approved, 1776
July 5 – The bikini is introduced in Paris, France,
1946
July 6 - The first All-Star baseball game was
played in Chicago, 1933
July 7 - The United States annexed Hawaii, 1898
July 11 – Babe Ruth makes his major league
debut, 1914
July 12 - Roman Emperor Julius Caesar was
born, 100 B.C.
July 16 - The first parking meters were installed
in Oklahoma City, Oklahoma,1935
July 17 – Disneyland opens in California, 1955
July 20 - The first man (Astronaut Neil
Armstrong) to set foot on the moon, 1969
July 23 - The ice cream cone was invented by
Charles E. Menches, during the Louisiana
Purchase Exposition in St. Louis, 1904
July 27 - Bugs Bunny made his cartoon debut,
1940
July 29 - NASA was established, 1958
These funny bumper stickers were sent in by our
client, Ann. If you have something that you would
like to share in our next newsletter, please email
[email protected].
July 30 - First color motion pictures were
exhibited, 1928
July 31 - First US Patent issued to Samuel
Hopkins, 1790.
GREGORY RICKS AND ASSOCIATES IS A REGISTERED INVESTMENT ADVISOR. INFORMATION PRESENTED IS FOR
INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY AND DOES NOT INTEND TO MAKE AN OFFER OR
SOLICITATION FOR THE SALE OR PURCHASE OF ANY SPECIFIC SECURITIES, INVESTMENTS, OR INVESTMENT
STRATEGIES. INVESTMENTS INVOLVE RISK AND UNLESS OTHERWISE STATED, ARE NOT GUARANTEED. BE SURE
TO FIRST CONSULT WITH A QUALIFIED FINANCIAL ADVISOR AND/OR TAX PROFESSIONAL BEFORE
IMPLEMENTING ANY STRATEGY DISCUSSED HEREIN.
Page 4
Gregory Ricks & Associates is A Registered Investment Advisor ©2015
2800 Veterans Memorial Blvd, Suite 170, Metairie, LA 70002 • 504-832-9200
Women Winning at Life
Women and Wealth: Take Control of Your Financial Life
by KATE FURLONG
Last week, GoGirl Finance sponsored a “Women and Wealth Seminar”, emphasizing from the outset that
women are less likely than men to actively plan their finances. Despite the fact that women hold more than half
of the country’s private wealth and make the majority of a household’s purchasing decisions, they tend to push
financial decisions to the side, often relying on someone else – a spouse or a parent – to handle them.
Fortunately, women events break down the barriers and encourage women to take the helm.
A key part of getting on top of one’s finances is considering how to handle both immediate, and future,
financial issues and decisions. As such, GoGirl Finance broke the attendees into groups to discuss questions
such as:
 What would you do if you had a $5k emergency?
 Do you see money as a taboo subject?
 What are your top two financial goals and how long will it take for you to achieve them?
 What is your definition of retirement?
After everyone had deliberated and shared stories, GoGirl Finance reconvened the group to highlight the most
important things women should be cognizant of when addressing their finances.
Things to Consider When Planning for the Future
1. Longevity: Not only do women live longer, but a majority of women will also spend time out of the
workforce raising children meaning they have to play catch up with retirement savings.
2. Rising Costs: With the rising costs of food, education and just about everything else, it’s important to
realize that your money will need to grow over time just to support your current lifestyle.
3. Market Uncertainty/Volatility: Women need to invest to grow their assets. Even though market
uncertainty may scare people, investing in the stock market is still one of the best methods for creating
wealth.
Gregory Ricks and Associates plans to sponsor a Women Winning at Life event in 2015 to help break down the
barriers and help women feel more comfortable with their finances through retirement.
Page 5
Gregory Ricks & Associates is A Registered Investment Advisor ©2015
2800 Veterans Memorial Blvd, Suite 170, Metairie, LA 70002 • 504-832-9200
JULY
NEWSLETTER:
•
•
Do you have a 401K with an
old employer?
Are you being offered a
pension buyout?
•
March of Dimes Gala
•
Gary Allen at House of Blues
•
The Total Wealth Authority
•
Women and Wealth
•
Funny Bumper Stickers
Listen to Gregory Saturdays
10:00 AM – 1:00 PM on 99.5 WRNO
Louisiana’s 401k &
Retirement Authority!
Watch us on YOUTUBE:
www.youtube.com/winninginretirement
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www.twitter.com/gregoryricks
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www.facebook.com/gregoryricksandassociates
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www.linkedin.com/in/gregoryricks
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