The Daily Wrap: 09.28.18

00:33 - The Federal Reserve raises its target funds rate as expected. This keeps Gregory's Podium Theory alive, and signals things are humming along nicely in the economy. The contrast in how current Fed Chair Jerome Powell sounds compared to former Fed Chair Janet Yellin is astounding. Gregory points out that conservative investors have some much better returns.16:38 - Gregory reviews a proposed law change allowing 401ks to buy annuities.23:34 - What happens when you inherit an IRA? It's probably coming from a spouse or a parent, and those have completely different rules on how you're allowed to handle the money. Typically, around 70% of those who inherit an IRA cash it out within three years.34:16 - Gregory explains to John in Violet how the Required Minimum Distributions are calculated on an Inherited IRA.38:20 - Raymond in Houma thanks Gregory for his staff being so helpful on a phone call to the office the other day. He had a tough situation, and got answers to his questions.http://www.WinningAtLife.com