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Will your retirement income last?
This is the number one question we get asked. But no advisor
can predict the future so we must rely on the past to consider the
probabilities. First, the reason wealthy people keep their serious money in
stocks and other investments and not in the bank is because stocks investments
have a higher probability of success over time. Second, you can improve your
odds by using what we know of stock market returns over time. Third, time
invested determines how well you will do with stocks. Bank returns only match
inflation. Social Security benefits in retirement are your “bank” returns. You
paid into your SS account all your life and your benefits reflect the amount
you paid. The average
today is $2,212 per month for a couple. As you get older, the amount will
increase with inflation. Will your pensions increase and will they continue
after you are gone? Can you survive on the total of these two benefits? Let us
assume you need another $2,000 a month or $50,000 total before tax to be
comfortable. You can generate $25,000 a year from a $500,000 nest egg fairly
easily. However $25,000 will be worth less in the future and so you must find a
way for your nest egg to keep up with inflation like your SS benefit does. You
can’t park your nest egg in the bank at 2%. That’s why pension funds invest in
stocks/bonds/other. Test your nest egg for longevity. See how a 50/50
stock/bond mix gives you over 80% chance of success of $2,000 for 30 years even
with inflation. https://retirementplans.
vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf
You can try different portfolios with 5,000 different market
scenarios.
Make sure your nest egg lasts: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016
Study says pick right hospital for your needs
Choose wisely but we can’t have info to make choice. Study
says if you pick
poorly you have 3 times greater chance to die. A good heart attack
treatment hospital may be very poor for diabetes. Where you live determines
your choices to some degree. Research is required before any elective
procedure. Unfortunately, the study did not disclose which hospitals had which
results. Otherwise no study. It’s like Sears does not tell you which vacuum
cleaner pollutes more either. Hospitals that treated a high volume of cases
were generally more successful than those that treated a low volume, but there
were exceptions. We can use tools like Medicare’s Hospital Compare,
which offers general quality information about individual hospitals, but the
data are very limited, study head Dr. Rosenberg said. Without
ObamaCare, many Trump supporters will need to find a hospital that will at
least take them let alone give them the best care for what ails them. We are told
to use health care wisely but there is
no outcome information. Doctors and hospitals are for-profit and so they
hide outcomes and fees like brokers/advisors.
Unlike surgery, you are better off without a financial
“doctor”: https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045
Whatever your broker/advisor predicts for 2017 is HALF right
All sales people are positive because they have to be. Wall
Street in particular has always been HALF right. Every
year they make predictions to give themselves and you a pep talk. Since the
start of 2000, the Standard & Poor’s 500-stock index has ended in negative
territory in five calendar years (2000, 2001, 2002, 2008 and 2015) and has been
virtually flat once (in 2011). The S&P 500 fell 38.5% during 2008. It
would have been very useful to have received advance warning that stocks were
about to plummet, but the Wall Street consensus did
not ring out an alarm. On the contrary, the forecast for 2008 was unusually
bullish, calling for a rise of 11.1 percent. Wall Street missed the mark by 49%
that year. Thank
goodness you did not invest in Blackstone’s hedge fund Senfina -- down 24%.
So if you look back you see that the forecasters, as a group, are much
worse than flipping a coin. If you don’t listen EVERY year, Wall Street
is accurate long-term. Stocks provide 10-12%
long-term. Use low-cost stock index and beat Wall Street yearly: https://www.amazon.com/Earn-11-11-3-69-Investments-choice/dp/1502412187
FREE tax preparation
Advertising to you is how they pay for free credit score and
free tax preparation. https://www.creditkarma.com/
needs your eyes to obtain dollars from sellers of financial services and they
give you software to file federal and state taxes at no cost. If you need to
file a simple return, this is the cheapest way. The IRS has a topic
look up so you can find the answer to your question easier than waiting on the
telephone for an operator to answer: https://taxmap.ntis.gov/taxmap/
You can do your federal online FREE using commercial sites through the IRS https://www.irs.gov/uac/free-file-do-your-federal-taxes-for-free.
These sites charge for a state return. You can also use a local AARP tax aide
office. http://www.aarp.org/money/taxes/aarp_taxaide/
AARP does not discriminate by age or income so they can usually take care of
most people. Best tip: deduction for IRA contributions and tax credit $2,000 subtracted
from tax you owe. Double Pleasure.
Take your Tax Credits like The Don: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Don’t forget your RMD rules if you are over age 70
The IRS requires that you take specific amounts from each
retirement account. In some cases, RMD amounts can be added together and the
distribution taken as you like from one or more of the accounts. Any type of
IRA accounts can be aggregated, which means you could total up your RMDs and
take it all from one IRA – one that is a poor performer, perhaps, or one that
will help you rebalance an account that might be overweight in equities in your
allocation plan. This task becomes easier if you have all your retirement
accounts at one firm. Ed Slott, IRA expert, says the IRS will often waive
the penalty if you make a mistake but can offer a “reasonable cause” for
the error.
PLAN to avoid the IRS penalty: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016
American democracy is victim of misinformation from all
sides
Since
journalism as accurate reporting of important events has become a profit-center
by most organizations, popularity rules. If journalists do not rout out
falsehoods and half truths, the propagandists will win every time. Now we learn
that the President of the United States
with the nuclear codes at hand does not believe those millions of people in the
intelligence services who are charged with protecting us. Trump
doesn't take the national security briefings because "I'm, like, a smart
person." He has no respect for
the facts. He encourages
his followers to ignore them too. He encouraged
a foreign power to disrupt our elections. He seems to have made
up a positive relationship with a proven enemy of democracy. It appears
that power has distorted his perception of the world. The great con man has
been trumped by his own con. Trump
may have been conned by his admiration of the dictatorship of Putin too – flattery
is an old KGB trick. We can’t afford for Trump to play this game at the
highest level.
10 MOST unreliable vehicles FIAT
named worst
CR asked owners for their experiences of cost, failure
severity, safety concerns, or downtime. They found 10 that will test
your patience and pocketbook. Sales by hype and not by reputation keep
Detroit-Mexico humming. These 10 had the worst scores. Then on the theory you
do better by paying more, these 12
vehicles are not holding their value even after 1 year when you try to sell
them. For instance, Regal sedan loses 31.2 percent of its original transaction
price after 12 months on the road, which amounts to an average net loss of
$11,525. It is not on the unreliable list so buy used. Lincoln MKS loses 34.5% of its original value after one year for
an average net loss of $16,039.
Take advantage of discounts on new insurance:
“Whatever I say is
true; it is true because I say it”
He thinks Putin is NOT capable of directing hacks of Hillary
and elections.
He thinks he
can give away our state property to China
as sign of strength.
He thinks he won the popular vote. He wasn’t even going to
accept the outcome.
He thinks global warming is hoax. He is paying
to keep his resort dry from ocean.
Even our generals are scared of his habits.
“Mr. Trump is a potential disaster as
commander-in-chief—uninformed, volatile, poor judgment,” says Barry McCaffrey,
a retired four-star Army officer. “What he is saying is not
based on facts: it’s based on immaturity, bad judgment and ignorance, and I
think it’s going to be hard for people in uniform who are thoughtful about
this, to vote for him,” adds retired general Merrill McPeak.
He does not check rightwingwatch.org/
factcheck.org/ to verify the
information used to rule us. We need China
to loan us the money to survive so spiting in the eye is not good.
We are entering the
Twilight Zone:
"There is a fifth dimension beyond that which is known
to man. It is a dimension as vast as space and timeless as infinity. It is the
middle ground between light and shadow, between
science and superstition, and it lies between the pit of man's fears and
the summit of his knowledge. It is an area which we call the Twilight
Zone."
Rod Serling
THE DON’S 282 PROMISES
Deportation,
The Wall, Re-Create Jobs, NO Abortion, No ObamaCare, More Guns, No Muslems,
Reprochmont
with Russia, Christian
nation, Jail
Clinton, Kill Terrorists and Family, Torture, Cancel
Iran deal, Cancel
EU-NATO, Term
limits, Replace VA head, Coal
Steel Infrastructure, End
drug monopolies, Tax imports esp Ford, Grow 6%, Cut Deficit, Separate
banking speculation, Cancel Consumer
Protection Act, Change libel
law, outlaw
flag burning, End
own biz ties, End
endless tweets, Cancel
Fiduciary Rule, Wealthy
tax break, No tax income <$50K, tax profits
sent overseas, Change
Washington, Change GOP, Change, Change, It was rigged! … so I would win!
Red
states limit Dem voting
Like mafia
family, The Don has never had a boss, no
corporate board to question his acts!
Remember, Don Trump
is still a contractor from Queens NY
“Trust
only family” “I'd love to have Jared
helping us on deals with other nations and see if we can do peace in the Middle East ”
Ivanka met with Japan
The Don
Way : Making money from the Secret
Service and Top
Secret info for biz, an Audience
with The Don costs $
Tweets misinformation
all night
Revenge for social
slights
Not much reading
*
Actual outcomes: (“So
much for draining the swamp” He filled it again)
Trump goes
after Energy employees who support climate change policy. Pink slips?
Scientists
with data receive
death threats from Trumpers
CIA says Putin
helped The Don get elected and tampered
with the process. Trumpers say VP Cheney’s CIA was wrong about Saddam too. McConnell
sides with Putin vs CIA.
IN spent $24
million to keep jobs but lost 3,800—companies reneged!
700
laid off workers will not
be able to buy ObamaCare -- so lose twice.
Is this what
Putin would do? Force/pay owners to keep workers working!
Carrier
union rep gets
threatening phone calls—kids in danger from Trumpers?
Carrier
parent UT
gets $ billions from jet engine contract from US too!
Crony
capitalism—Palin does not like govt supporting business. Socialism?
Dems won
by 2.9 million: GOP barred voters by closing sites, Greens took Clinton
votes WI, PA MI. Clinton received more votes than any
other presidential candidate in history.
The Don claims he won popular vote "if
you deduct the millions
of people who voted illegally", though he provided no evidence of
widespread voter fraud. Recount is scam.
The Don disavows white supremacists as
they give the Nazi Heil but may have one as advisor.
Don’s vigilantes attack non-whites: hate
crimes up in NYC—Muslim cop assaulted. Muslim
woman attacked as terrorist.
The Don thinks that maybe torture
is not what the generals want.
The Don may believe in climate
change by man but today it’s hoax
like flat Earthers.
House
committee on NASA says it pushes
propaganda. “From next year, entire U.S.
government is going to be in the hands of people who really don’t
believe in the 'man-made global warming' scare story." Miami
flooded is illusion? Coast
mayors act?
The Don will “replace”
ObamaCare immediately with something “terrific” that is “so much better, so
much better, so much better.” 20
million people use ObamaCare. So why do more
Trumpers sign up for ObamaCare if it will be gone Jan 20? $75 a month?
McConnell, Senate, said to start repealing ObamaCare on Jan. 3 even with no
replacement in sight, declaring that “surely” the GOP revision will wind up
covering Americans better
than Obamacare. He did not say how he will cover the 25 million six
percent who has none. (GOP has used “voucher” tax credits to say they can
cover everyone in America but a voucher is not coverage and 47% of Americans don’t pay tax so tax
credits are meaningless to them.) Sign
up extended to 12/19 due to high demand
Trump
paid back students at his Trumped up U. $25 million and still made money.
Deportations: “get the people that are criminal and have
criminal records, gang members, drug dealers, where a lot of these people, probably
2 million, it could be even 3 million, we are getting them out of our
country or we are going to incarcerate.”
Ford’s
factory better. Tax
cuts for rich/corporations mean no money for the wall.
Trump
tried a wall in Scotland and sent the bill but failed—they just don’t pay
the bill.
Giuliani paid millions
by Mexican politician running anti-Trump platform in 2018. Wow
NATO EU UN defunding: Weakening
NATO, EU and UN ties is Putin’s goal in regaining Russia ’s
superpower status. The Don has been flattered by KGB: no friend.
End
of Iran deal would be ‘folly’ according to CIA Brennan. “Disaster” for
proliferation. Iran
just bought 80 Boeing planes using our loans so nuclear deal will NOT be
cancelled.
Tax cuts: Single parents and large family will pay
more—1%ers get 13% tax cut. 100 top CEOs will have pensions
equal to all retirement accounts of 41% of all our families. 100 have more
than 116 million people in retirement, according to a new report. No middle.
GOP plan to tax imports means all working
people will pay more for most things.
No cuts to Social Security: Congress
and Don’s lieutenants plan age change and cuts.
Cut taxes so econ grows: wealthy get most breaks and buy art
with windfall
Economy is doing fine without cuts: Obama
economy created 178,000 jobs in November, and the unemployment
rate fell to 4.6% from 4.9% in October. 10
million new jobs under Obama.
Stop corporations sending profits (UNTAXED) overseas.
Stop government subsidies (socialism) to oil,
gas, agribusiness, drug corporations: Exxon as Sec
State
Reinstatement of the Glass-Steagall
to keep speculation from consumer banks.
Trump kids
become national security advisors—get top-secret clearance. Giuliani claims
“they can’t work in the government
because of the government
rule against nepotism.” But they can use the information in Trump’s
companies and insider trading. Conflicts of interest
range from Wall Street to Philippines and India.
Trump
promised not to run businesses but continues as producer of Celebrity
Apprentice confirmed for 2017. He can’t
live on $400,000 a year so will need to be supported by his sons, wife’s
and daughter’s businesses. Day to day they run them anyway and he knows his
brand will bet HUGE boost worldwide. Postpones
news on how conflicts handled.
Stop flow of jobs out of US but corp welfare
was paid
Ford
will still build $2 billion factory in Mexico but does not send KY jobs
there yet.
Fiat
building new factory for Jeep Compass in Toluca
Mexico
Carrier
agreed to keep 700 jobs in Indy—not furnaces. Taxpayer incentives given.
Trump’s deal “saves” less
than half of the total jobs, for a subsidy from IN. Jobs
still go to Mexico.
The Don will NOT show his tax returns or his
birth certificate. He does
not pay taxes: he claimed he lost money.
The Don’s slogan “lock
her up” was just B.S.—a $20
tote that isn’t even made here.
The Don’s claim NYTimes
is “a joke” was just BS--“I
will say, The Times is, it’s a great, great American jewel. A world jewel.”
Promised to stop
tweeting so much. Tweeting almost as much.
Promised to act presidential. Stop attacking individuals.
Attacked Carrier union rep.
Promised to give up business. Linked business in hidden
ownership no
accountability. Sons will keep businesses and still head Apprentice.
The Don’s big
bluff: what will be done has changed every day since election.
Propaganda
wins: 82% middle-school students could not distinguish between an ad
labeled “sponsored content” and a real news story.
“I’m going to bring down drug prices. I
don’t like what’s happened with drug prices.”
TIME
names The Don ‘person of the year.’
The Don promises more government spending. “Well
sometimes you have to prime
the pump. So sometimes in order to get the jobs going and the country going.”
Congress?
The Don’s budget guy will help Ryan cut our social programs:
Billionaire investor Carl Icahn, special
advisor regulation, Icahn will kill "excessive regulation" on U.S.
businesses. Icahn and Ross (Commerce) were the investors
who saved The Don from embarrassing bankruptcy of the Taj. Payback
time.
Mick Mulvaney (R-S.C.), Management and Budget, signaling Trump’s
intent to slash spending and address the deficit. He played a key role in
the 2011 showdown between President Obama and House Republicans that ended in
the passage of strict budget caps. He has been an advocate for spending cuts,
often taking on his own party to push for more aggressive curbs to government
spending, sometimes military. A member of the House Freedom Caucus, Mick led
the fight to oust Speaker Boehner. Considered a hawk, he will make sure there
are no compromises with Dems. He defends the cuts in Spanish.
Debra Wong Yang, chair Securities and Exchange
Commission, the former top federal prosecutor for CA for Bush II, and wrote
whitewash
report on Christie’s involvement in BridgeGate.
Tolerance is
un-American now?
Regulators are the only protection against corporations since we
can’t sue anymore
Baby
teething toys
marked as non-toxic actually are toxic: bisphenol-A
Hedge fund Platinum owners caught
in $1 billion fraud on investors
3,000 communities with lead poisoning worse than Flint
poison
kids daily—Ignored
Pawnbrokers caught
deceiving consumers about the actual costs of their loans
Military Credit Services caught making loans with improper
disclosures
Morgan Stanley
caught using
customer cash improperly; not keeping high reserves.
Ash Narayan , CA
Charles Dushek, Capital Management Assoc, IL caught using
scheme to defraud clients.
Fiat Chrysler recalls 50,000 Dodge Jeeep SUVs—engine
stalls in traffic; not start
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
GM
killed 124 because ignition switch pin not replaced after knew it killed
first in 2006.
Carl
Icahn hired by The Don to let business pollute, destroy environment, make
mess.
Police want gun control.
When everyone has guns; your
chance of being killed goes up. Police don’t know who to
shoot. They assume everyone has one and shoot
first. You and thief have guns. CO
schools now allow teachers/administrators to carry
guns in the classroom. Kid lesson! Since 2015, police have killed
86 people with realistic looking FAKE guns--suicide?
Why police
shoot those who don’t lie down immediately—dementia, mental illness, etc.
Caller said
‘man
with gun’ so shot man w/o gun 9 times! Nine!
Police organization
issued a formal
apology for the historic mistreatment of minorities.
Trumpers want police to start buying
military weapons against civilians again.
SCAMS: Missed
delivery email scam—don’t respond; don’t click link. Call carrier.
Some cars
are just
not made well and will cause you pain
Ignoramus Award: Exxon
has already helped Congress give Putin a free pass.
How our government
wastes our money
Senate study finds drug
companies overcharge for some drugs. Prices up 5000%. Bush
II made deal to NOT negotiate drug prices for Medicare. Socialism for the
rich.
USS Zumwalt, the stealth destroyer is a $7
billion bust. Propellers locked; towed away.
"America 's
Most Wasted” McCain: We
wasted $12.4 billion littoral ships don’t work.
Where have all the
jobs gone?
The kinds of jobs taken by automatons will no longer be just
repetitive tasks because computers
that can translate Chinese to English can find cancer in CT scans doctors can’t.
“We’re not only talking about 3 ½ million truck drivers. We’re talking about
inventory managers, economists, financial advisers, real estate agents.”
10,000 workers GM
temporarily close five factories January—glut of wrong kind of cars
Walgreens and Rite Aid will sell
865 stores to rival retailer Fred's
Who owns your account
now?
Vanguard
cuts fees again as investors flee remaining “high-cost” managers
Miracle: Pope
calls Vatican bureaucracy
“inspired by the devil.” Reform or quit! Promoting poor staff is a “cancer”
on the Vatican .
Read the Gospel to purify self.
IAN
41 Watchung Plaza, B242
973.746.2014
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