Your Unbiased Advisor: Should you sign a vendor liability waiver?

Should you sign a vendor liability waiver?

Yes, as your favorite entertainment venue, a retail marketplace, restaurants and gyms open up for business, you will likely be asked to share the risk. Most businesses are asking their lawyer to draw up waivers. By signing a waiver, you are agreeing to the fact that the company wants you to assume their risk of operating. You might want to know if they have taken all precautions to keep you safe. Have they sprayed? Is staff tested on a regular basis? Are customers required to keep their distance? Do they limit the number of customers at a time? Do they require customer masks? If they don’t know or the terms of the waiver are vague, don’t sign. If they just put a sign on the door that you “enter at your own risk,” wait for another month or two, as these scientists point out.

Remember, the states that opened on Trump’s order are now experiencing more cases.

Avoid the risk: Better safe than sorry.

Is a Roth IRA conversion right for you?

Fidelity Investments saw a 76% increase in the number of Roth IRA conversions in the first quarter of 2020. If your income has dropped due to job changes -– pushing you into a lower income tax bracket –- then it may be a good opportunity to convert to a Roth IRA. All your future gains will not be taxed. If your business lost money, the taxable loss can be used to offset other income on a personal tax return. IRA money is taxed when you convert because you did not pay tax on the contributions. You can control how much you convert so you can control how much you are taxed. You will need to do the math on your tax and probable income this year to decide on the amount to convert. If you do not have the extra cash to pay the tax next year, then converting just makes your taxes higher. However, the great benefit of a Roth is you can better manage your RMDs (required minimum distributions starting at age 72). Income in retirement can be controlled better since you have choices between taxable and non-taxable sources.

Use your legal tax shelter: https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

Where can you receive 2.4% yield for retirement income?

Quality bonds and steady dividend paying stocks. Isn’t that a better alternative to historically low rates from bonds and annuities? Consider a proven balanced fund like Vanguard’s Wellesley Income Fund. As of early June, the yield on 10-year Treasuries is only 0.66%, while Bloomberg Barclays Aggregate tracking index funds are yielding just over 1%. You cannot rely on bonds alone for the foreseeable future. Who knows where your stocks will end up in 2020? A low-cost balanced fund may offer you the best of both worlds in this environment. Over time, balanced funds provide the inflation hedge you will need long term. Average annual returns of 4-6% provide growth. Remember, your spending power is reduced by inflation every year—reduced 50% over 20 years. A 1^st class stamp cost 32 cents in 2000. Now it’s 55 cents. Social Security may not keep up with your purchase items’ inflation. SS benefits will be cut by 2034.

Plan now: https://www.amazon.com/Your-Retirement-Mutual-Funds-retirement/dp/1481114026/

Market rebound confounds all the fortune-tellers

Very few Wall Street gurus know that the stock market would bounce back so hard that their strategies would be crushed. The S&P 500 has rallied more than 40% from its March low amid central bank stimulus and better-than-expected economic data, defying warnings about elevated valuations and a collapse in profits. The Nasdaq 100 last week climbed to an all-time high, making a full recovery from this year’s bear-market decline. Timing the market is a loser’s game. At Friday’s close of 3,193.93, the S&P 500 exceeded all but four strategists’ year-end targets, based on a survey of 18 Wall Street prognosticators last month. So which strategy works? Certainly paying for bad advice only detracts from your long-term accumulation. Actually, over time, if you pay 2% for advice and trades and annual 12b-1 fees, you are giving your vendor HALF of your possible total returns.

Use the Buffett strategy: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

With presidency usurping power of Congress and Supremes, American ideal is at risk.

Mobster: making cities military “battlespace” violates our Constitution

Trump’s riot police gas murder protesters for Mobster’s religious propaganda

Mobster plans to invade and occupy Seattle

Mobster has Supremes primed for election nullification: coup d'état

Mobster: 75 yr old faked police push & head bleed: desperate!

Mobster OK to kill bear cubs and wolf pups for sport: Evil?

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy!

Police militarized against own citizens: Putin’s police state; China’s military police