Your Unbiased Advisor: June 2021

Friday, June 25, 2021

Buffett's wealth building advice

Did you have an Annual Money Checkup?

The Annual Money Checkup is the way our readers confirm their savings and spending are on target. New jobs require new 401k commitments and new IRS form W-2 for tax withholding. IRA contributions can also help build wealth AND reduce taxes. It is almost like Uncle Sam helping you create a retirement you can’t outlive. If you are leasing a vehicle, use current low rates to buy a 3-year old version of the one you love. If you are paying for life insurance you don’t need anymore since the kids are gone, redirect the premiums to a tax-FREE IRA. Make sure you are receiving a fair deal from your advisor. Paying 1-2% of your portfolio every year can reduce your possible nest egg by 63%. You will need that extra money more than your broker. Use the Miracle of Compounding to double your Wealth Reserve as Warren Buffett does: “My wealth has come from living in America, some lucky genes and compound interest.”

Use your tax-FREE IRS account: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

Building wealth is easy if you follow Warren Buffett’s advice

Warren Buffett is your investment advisor—without the fees! The greatest investor of our time with a proven record of $105 BILLIONS, Buffett has provided FREE lessons and guidance for many years—we were just NOT listening. His comments and letters to shareholders since 1977 are FREE. He has explained not only the management of his fund; he has taught us how to invest and provided guidance on the trends of the times. http://www.berkshirehathaway.com/letters/letters.html He has explained why we should NOT follow the advice of Wall Street. He has told us how to be successful investors. He has explained how to turn $9 a day into $1,000,000 over time. He told us the KEY to investment success is COMPOUNDING. “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” Compounding is money earning money on its earnings when it is invested. We can reach $1,000,000 by investing our money in businesses sharing profits with us over time. A special account available to most working Americans makes our money tax-FREE. Tax-FREE is like a $300,000 bonus—we avoid paying taxes— federal and state income taxes on our earnings when we take them. Buffett shows us how to invest FREE of fees too. Set up your tax- and fee-FREE account in 1 hour.

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

Is crypto currency right for you?

Crypto is 'rat poison', a third of mainstream investment firms tell JPM. Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labeling the emerging asset class as "rat poison" or predicting it would be a temporary fad. Four-fifths of investors also expected regulators to get tougher on the asset class, while a whopping 95% of them believed fraud in crypto world was "somewhat or very much prevalent", the survey found. So, be prepared for a long anxious ride if you make this wager. Avoid tempting your family if you happen to have a great day with bits of code. Get them started on the right footing.

https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Give your graduate the best gift you can give them: tax-FREE money

High school and college graduates need the best gift you can give them: a future of tax-FREE income. Get them started now since your gift can grow many times its value over time. For instance, $50 invested now can provide them with $20,000 when they need it later. Since you have started your grad off with this special IRS-approved tax shelter they will find it easier to keep saving/investing the right way. They will end up with a tax-FREE retirement. They can create a $500,000 tax-FREE account. Some young people have grown their accounts to over $1 million by investing $167 a month while they work. That is $2,000 a year. They will pay NO taxes on their wealth. They can avoid future tax increases. They can boost their savings by 30% with just the fed/state tax savings alone. And if they need a home down payment or business start up fund, they can use the contributions tax and penalty FREE.

Perfect gift: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

How does the Miracle of Compounding work?

A reader shared his long-term investing results. This reader invested $250 a month in a Vanguard fund from 1963-2003 and then he retired from teaching school. His money earned 10.93% real return (after inflation; before taxes). The long-term average return of the S&P 500 index is 11.06%. A $2 million nest egg just takes time. No trading.

24%	$3,720
16%	7,795
12%	12,091
-10%	13,582
24%	20,561
11%	26,153
-8%	26,821
4%	31,013
14%	38,775
19%	49,713
-14%	45,333
-26%	35,766
37%	53,110
24%	69,576
-8%	66,770
6%	73,956
18%	90,809
32%	123,827
-5%	120,486
22%	150,653
21%	185,920
6%	200,255
32%	268,297
19%	322,843
5%	342,135
17%	403,808
32%	536,987
-3%	523,787
31%	690,091
8%	748,538
10%	826,692
2%	846,286
38%	1,172,015
23%	1,445,268
33%	1,926,197
28%	2,469,372
21%	2,991,570
-9%	2,725,059
-12%	2,403,420
-22%	1,874,601
29%	2,412,905

https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

Shop for car insurance every 2-3 years for value

Insurers change their ‘best’ customer portfolio all the time in an effort to weed out drivers who they calculate will make a claim. I was dropped by my NJ carrier once for that reason. I complained to the state insurance regulator and was reinstated. However, I had already moved on to another provider saving $300 a year per vehicle. When I got involved in installing car insurance products at my bank employer, I learned that insurers are constantly looking for more profitable niches. So you need to do the same—shop for a better deal based on the 20 or so discounts you may qualify for. Also you may be over-paying because your ‘profile’ has changed. Since you don’t know which driver profiles each carrier is looking for, you must shop. Shop the insurers with the highest customer ratings in your state according to JD Power. Don’t overpay. I overpaid for years.

Use this shopping strategy: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/

Are you paying too much for your 401k?

Your employer may be hiding the higher fees and kickbacks you may be paying on your investment contributions; Or providing you with substandard mutual funds which rob you of long-term growth in your retirement fund. Take a clue from this: Transamerica was caught offering underperforming investments to its own employees and agreed to pay $5.4 million to settle. However this amount does not make them whole since it does not include the compounding factor since 2018. What makes it worse is this employer is in the business of providing ‘quality’ investments so it knows about good and bad funds. 401k plans are famous for hiding their fees and charges from participants but you can determine if you are overpaying for your 401k plan or using bad funds. Low cost is best.

https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

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

Like 1776, this period is a test of democracy—We rejected an "American fascist"

Dictator’s Justice Barrs justice

Biden may defend Trump’s incitement of failed Coup

Coup coming in August: Gen Flynn leads terrorists: take WH

Our ‘Truth and Reconciliation Commission’

How Govt wastes our money:

GA purging thousands of voter registrations despite no illegal voting found 2020

President’s military can force us to end lawful demonstration anytime he holds PR stunt

Biden to defend Trump for 25-year-old rape case: famous/rich get away with rape blame

We are in denial: US calls ‘Coup’ to overthrow gov; kill VP a ‘riot’: Riot vs Coup

We train Saudi bin Salman’s assassins: killing those who disagree, like our reporter

SCAMS/SPINS:

GOP bishops ban Biden from Host despite pope warning not to use Host for politics

Biden nepotism revived as relatives of relatives take top paying jobs from Uncle Joe.

FL overturns CDC virus rules for cruises: sail with the virus aboard: “f*%k the Feds”

South has 4 times more murder than Northeast: 9 of 10 guns in NYC from out of state.

FL man pulled gun on a drive-thru worker because they messed up his order: 2^nd Amend?

9^th Circuit hold up Benitez’s OK for AR-15 is “good for both home and battle” for killing

Ohio teachers carry guns in school: Kill or disarm students? Weapon and training pay!

GOP will decide if we, life-long Americans, can vote: disenfranchise Dems

Teachers uneasy: GOP telling them what they can’t discuss in class: Scopes trial 1925

Lies finally catch Giuliani: misleading statement to courts, lawmakers, public: no jail yet!

Farmers Insurance caught selling annuities that lapsed; no value; no sales oversight

Ramiro Sugranes caught misdirecting client profits to own relatives: clients lose $5 mil

Wall Street ‘analysts’ trying to promote trading by ‘predicting’ market changes—Dah

IRS favorite scams: https://www.irs.gov/newsroom/dirty-dozen

Nearly all COVID-19 deaths now in people who weren’t vaccinated: 153 fired at hospital

Jobs

VP Pence may have to go Dem to get work: GOP still hate him for their Coup failure!

Americans are ditching their jobs by the millions: 650,000 quit retail in April.

Are workers at your hospital/clinic/doctors required to get vax or ‘free’ to infect us?

Who owns your account now?

Colorado Lets Cities Set Their Own Gun Laws: assault weapons allowed/not allowed

India Walton, democratic socialist, nurse, scores victory in Buffalo NY: we voted her

Miracles:

Biden is welcome to receive communion at many Protestant services: God welcomes all

10 million more folks have health care during the pandemic: ACA confirmed Supremes

Warming: CA water turns to dirt as draught empties lakes reservoirs; rich water lawn still

Miami high rise falls: just inspected: 99 missing; “wakeup call for coastal developments.”

German military installs its first rabbi in a century: Jewish soldiers number around 300.

An ancestor of our ancestor Neanderthals found in Israel lived 130,000 years ago.

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

Friday, June 18, 2021

Where can your child invest those graduation gifts?

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to buy low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in retirement supplement. Investing requires patience not fast trading.

Time not trading: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Do you need long-term care insurance?

Many will need day to day help in living and our long-term care facilities can be a life-saver for many families who cannot care for loved ones at home. America has not done a great job to identify facilities that fall short of the care standards required of every one of our nation’s nursing homes. In such facilities, some residents have experienced outright neglect, such as going without proper nutrition or languishing in filthy conditions. Some older adults and people with disabilities have even experienced physical abuse, sexual assault and premature death. Two Senator’s name some bad actors: POOR CARE IN AMERICA’S NURSING HOMES. We know care is expensive so the question is how to do we deal with this situation. Long-term care insurance can help cut out-of-pocket costs if you find an acceptable facility or at-home compromise. But does it make sense to invest in this product with so many exclusions, exceptions and caveats? Consider all the options before signing up—there is no refund. Remember, insurers are for-profit entities.

https://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X

Advisor checklist: sales people you should fire

Most advisors/brokers/financial consultants are sales people. They are trained to sell the products their employer picks for profit. Rather, your advisor should be a fiduciary—give unbiased advice—for a stated price. They shouldn’t have a rap sheet—BrokerCheck. Work with a specialist who understands what you need. Avoid advisors who advertise or do ‘free’ meals or who serve family members. Learn about what you need before you interview. I have found that fee-only planners give more honest answers than financial salespeople. Planners have a reputation to protect.

It is your money: https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545

Investing is not hard unless you ask a ‘professional’ to do it

Ever find out after an expensive plumber visit that you could have done the same thing for almost nothing? I recently had a stopped up tub drain and called the guy used by my neighbor which cost me $400. After running his cable auger for 20 minutes and checking that he hit the bottom of the soil stack, he asked me to provide a bottle of dish-washing liquid. I got my $5 blue Dawn from the kitchen and watched him squeeze a stream into the drain with running water. Wham! In minutes the drain was clear and running fast. This professional collected my $400 and said, yes, soap builds up a grease blockage. Now I clear it once a week with my dish-washing liquid for fifty cents. According to Warren Buffett successful investing is about letting compounding work its miracle automatically in time. Investing is a habit—just keep adding to your fund and it will flow.

https://www.amazon.com/Building-Wealth-Like-Brushing-Teeth/dp/1470141469

Is it worthwhile to learn personal finance?

Have you taught your child how to handle money? More high schools are promising to offer personal finance classes but are they really helpful? In the past, surveys show kids forget more than they learn about personal finance. In short, most courses provide too much info at a time when your child is not ready to learn. There is no immediate use for learning the difference between stocks, bonds and municipal bonds. And most of the content is sourced from the industry so you never learn that Warren Buffett recommends low-cost Vanguard fund. Courses perpetuate the myth that only paid professionals can provide sound advice. After running programs in security firms and banks, I concluded that the folks who needed the help the most were not going to get it from the industry. My colleagues and I put together how-to books for every separate topic. When you need to know which insurance to buy, you learn it then. When you need to know which 401k or IRA investment option to pick your first day at work, you learn which is best for you. No one will remember what they learned in high school. Plus when you learn on your own, you learn about more UNBIASED alternatives.

Get them started: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Patience makes you rich, Warren Buffett says

From 1985 to 2014, the average stock fund returned 10.7%, but the average stock fund investor got just 3.8%. Why? They tried to time the market, jumping in and out and invariably getting it wrong. During the same period, the average bond fund returned 6.9%, but the average bond investor earned just 0.7%. As one member aptly put it, “Seems hard for people to just buy and hold for the long term.” They get greedy and try buy low and sell high. That means being a stock market genius TWICE. It may seem counterintuitive, but over the long term you really do make money sitting on your hands. Warren Buffett: “The stock market is a device for transferring money from the impatient to the patient.”

Try patience: https://www.amazon.com/Millennials-Investment-Strategy-BEST-journey/dp/1533079242

Is rental real estate a good investment?

The market value of Single Family Rental assets totals more than $2.3 trillion. This analyst offers the first systematic analysis of total returns to Single Family Rentals over a long time period. They find that total nominal returns are approximately equalized across US cities, at about 8.5%, the same order of magnitude as equity returns. On average, net rental yields and house price appreciation have each contributed around half of the 8.5% total return. However, these two components are negatively correlated. High price tier cities accrued more capital gains, while low price tier cities had higher net rental yields. Within cities, they show that lower-price-tier zip codes have higher total returns as a result of both higher yields and higher house price appreciation. You can imagine how much work it is to be a landlord so the better deal is to invest in a real estate investment trust (REIT). You can earn 10% over time using a low-cost fund like Vanguard’s VGSLX. Low-cost funds beat high-cost funds every period.

https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Give your graduate the best gift you can give them: tax-FREE money

High school and college graduates need the best gift you can give them: a future of tax-FREE income. Get them started now since your gift can grow many times its value over time. For instance, $50 invested now can provide them with $20,000 when they need it later. Since you have started your grad off with this special IRS-approved tax shelter they will find it easier to keep saving/investing the right way. They will end up with a tax-FREE retirement. They can create a $500,000 tax-FREE account. Some young people have grown their accounts to over $1 million by investing $167 a month while they work. They will pay NO taxes on their wealth. They can avoid future tax increases. They can boost their savings by 30% with just the fed/state tax savings alone. And if they need a home down payment or business start up fund, they can use the contributions tax and penalty FREE.

Perfect gift: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

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

Like 1776, this period is a test of democracy—We rejected an "American fascist"

Coup: “We are here to take over the Capitol, we are here to hang Mike Pence”

Dictator spied on own counsel and Dems

‘I didn’t take an oath to defend Donald Trump’

Will we reject American fascism again?

How Govt wastes our money:

Biden Justice Dept still protecting its lawyers and Trump spying on Americans: swamp

IRS almost never audits private equity firms: illegal tax avoidance made legal for rich.

SCAMS/SPINS:

YouTube stops GOP from spreading lies about covid cure: Hydroxychloroquine or Ivermectin

601,000 + deaths: some states push for more deaths: new virus variants grow

GOP TX bans social studies discussion on controversial subjects like race, sex

Ideology: lies are truth and truth are lies: Trump’s press sec: “I never lied” but she had to.

GOP promises to block any Supreme nominated in future no matter whom:

GOP takes up Putin charge that coup terrorist Babbitt was executed.

GOP bishops to deny Biden practicing his faith: taking host

Supremes save our health care insurance from GOP state ideologs

Christian Nationalists to seize Southern Baptist-ism for Trump: sexist, racist, sex abuse

Scam: ‘suspicious activity’ from Amazon, Chase, etal is scam to steal ID: Verify directly.

Sweepstakes/lottery scams aimed at seniors in pandemic isolation rose

Robert Armijo caught selling unregistered "distressed market" real estate "Ponzi-like"

13 shot at once: TX no license, no training: 2-3 guns or one 30 mag Assault Rifle?

Baby and Gma shot in FL store: Facebook shooter declared but no mental health offer

10 shot 1 dead in Chicago: 2 shooters 2AM get away; no motive.

3 shot 1 dead in GA: sir, please put on your mask: Bam--dead cashier

Army keeps losing guns to the street for crimes:

Jobs

Hotels consider fewer workers: get own breakfast, make own bed: CEO not cut $$$$

High-quality gemstone weighing 1,098.3 carats unearthed Jwaneng mine Debswana

Who owns your account now?

Hoover Dam may be shut—no water no electric—drought hits Wild West

People with ALS Can Get Social Security Disability Benefits Sooner

Miracles:

Jonah and the big fish in Cape Cod: man spit out of whale mouth

Glacier’s Ice Shelf Is Ripping Itself Apart: Miami shrinks

Microscopic animal brought back to life after being buried in Siberian permafrost for 24,000 years!

10-year-old South Dakota boy dies saving sister from drowning

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

954901319457

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

Friday, June 11, 2021

Give your graduate tax-FREE money

Will Biden minimum tax on corporations of 15% hurt you?

Most profitable large companies pay little or no taxes. Our Congress people designed the tax laws that way because the corporations pay for our representatives’ elections. Our reps are “lobbied” by corporations at the rate of 12 to 1. Is it any wonder that we pay 33% in tax while the rich like Warren Buffett pay less than 18%. Most wealthy people have ways to hide their incomes—overseas or gimmicks. Imagine if you could cut your taxes by promising you will never sell the trees in your yard! A study of IRS records shows the wealthiest pay only 15.8%. Some pay nothing. Most working people don’t know about a simple way to avoid taxes so they end up paying for the deficit created by the rich and corporations not paying their fair share. Just by investing in a special IRS-approved account at your job or mutual fund or bank, you can avoid paying fed and state taxes.

Use your tax-FREE IRS account: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

Give your graduate the best gift you can give them: tax-FREE money

High school and college graduates need the best gift you can give them: a future of tax-FREE income. Get them started now since your gift can grow many times its value over time. For instance, $50 invested now can provide them with $20,000 when they need it later. Since you have started your grad off with this special IRS-approved tax shelter they will find it easier to keep saving/investing the right way. They will end up with a tax-FREE retirement. They can create a $500,000 tax-FREE account. Some young people have grown their accounts to over $1 million by investing $167 a month while they work. They will pay NO taxes on their wealth. They can avoid future tax increases. They can boost their savings by 30% with just the fed/state tax savings alone. And if they need a home down payment or business start up fund, they can use the contributions tax and penalty FREE.

Perfect gift: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Claim your $55,000 average ‘lost’ pension 401k account

We change jobs on average 12 times during our work years. Sometimes we forget or don’t know how to move this money. We also leave money at utility and bank accounts with lesser amounts. Sometimes we are the heir but no one told us. That was the case with MetLife and other insurers sitting on unclaimed benefits for years. Insurers don’t work hard to find heirs. They don’t have an incentive since they can continue to make money on our money. When my father died, I found he had bought life insurance for me 40 years ago. The insurer never sought me, the beneficiary. We have nearly $1.35 trillion left behind in retirement accounts that are connected to previous employers, according to a new study. Twenty-four million of us have money paying fees to old employers or their brokers. In most cases you are better off moving your money to a low-cost IRA provider like Vanguard. Contact all your former employers and the National Registry and get the details. Ask Vanguard to help you move the money to one of their IRA rollover mutual funds. You could double your $55,000 in about 8 years using a low-cost stock fund like the 500 Index. Vanguard moved my old IRA from a bank in just 3 weeks.

Pay less; earn more: https://www.amazon.com/Tune-your-401k-EARN-Tax-FREE/dp/1490591028

Where can your child invest those graduation gifts?

Time not trading: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Is paying off your mortgage early right for you?

I get questions about this option many times and it isn’t easy to answer. No one answer fits for most people. Example: a couple in their 60s had worked all their lives but ran into difficulties in the late 90s. One spouse couldn’t find work after an industry consolidation. He took early Social Security at a lower benefit. They had to declare bankruptcy but kept their qualified investments (IRAs, 401ks, 403b) and their home. They took advantage of low rates to refinance the $250,000 mortgage in 2010. In New Jersey most of their mortgage payment goes to pay the property tax of over $20,000. They did not have funds to pay off their mortgage. One spouse worked past age 70 but they were still were not able to pay off their mortgage. They cut spending and rebuilt their credit. They kept their home in their favorite neighborhood. Their fee-only planner helped them make a plan for spending in retirement in order to keep paying down their home mortgage.

Make a plan: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Why is the stock market the only place to fight inflation?

When inflation is low, the stock market returns over 12% (if you use a low-cost fund or broker). When it is high, stocks are the only hedge against falling buying power. Sure, bank CDs and bonds are less volatile but most of us lose money—earn 2%, inflation 3%, taxes 5%. Most retirees need to keep most of their money in the stock market. More folks are living longer—30-40 years without wages. And you may need part of your nest egg to pay for health or living care later in life. To maintain income for 30-40 years, you need to earn more than the inflation rate. Warren Buffett advises retirees to hold one stock fund for growth and one fund for retirement annual expenses. While one will provide over 10% return on average, the other provides a fixed income each year. For many folks, the IRS specifies the amount of taxable income they must take from their nest egg of stock funds. The stock market is the safest place to invest in retirement—it kills higher prices.

Take Buffett’s advice: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Can you retire on dividends?

Yes you can; just like the wealthy. ELON MUSK, JEFF BEZOS, AND WARREN BUFFETT AGREE: PAYING TAXES IS FOR POOR PEOPLE. Real estate queen Leona Helmsley made the same comment 25 years ago. Raising the income tax to 33%—the rate most of us pay—would have no impact on those with $ billions. Most of the wealth accumulation of these folks is not called income according to the tax laws written by the millionaires we elected to Congress. Dividend-producing stocks like Coke and J&J throw off 3% yield at best. With a portfolio of $1 million, you must live on $30,000 a year. If inflation runs at 2%-3% a year, you will not be able to keep up with rising prices. You will need to sell some stocks for income—creating capital gains tax on top of the tax on dividends. You can invest in more speculative stocks which provide higher yields. You can also use a low-cost dividend-focused mutual fund like Vanguard’s Dividend Appreciation Index. It has strong annual returns of over 10% since 2013. When stock growth is falling, the dividends provide a solid income stream. A balanced portfolio in retirement can generate dividends which are taxed at a lower rate than the income from IRAs and pensions. Thus high dividend stocks should not be placed in these accounts. A cash account with dividend stocks as an asset is not taxed as income as it accumulates value. Another asset with dividends is commercial property owned by a real estate trust like the Real Estate Index offering 10% annual returns since 2001. Of course with enough time you can build a tax-FREE retirement with many assets.

https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

You can retire with no income tax: the best deal

It is now possible to retire with no income taxes. Using the IRS own tax shelter, you accumulate and grow your nest egg over your working life and then spend it all when you retire. This account was created in 1997 for those workers who wanted to avoid income taxes later by paying them now on their earnings. So if you were investing $250 a month in this account after taxes (not tax-deferred like a 401k) you could see your $3,000 a year contributions to a stock fund grow tax-FREE to over $1 million in 30-33 years and then pay no taxes on the growth. You contribute $100,000 over time and SPEND over $1,000,000 without taxes. Because your taxable income is low, you pay no taxes on your Social Security benefits either. Because this account is not a 401k or IRA rollover, you are not forced to withdrawal your nest egg at a rate determined by the IRS. No RMD and no taxes and you can spend the full amount or leave to heirs. Your spouse does the same.

Retire Tax FREE: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

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

Like 1776, this period is a test of democracy—We rejected an "American fascist"

Will we reject American fascism again?

Dictator uses fear to retain power

Red state vs blue cities: political civil war?

GOP + Manchin assure all Dems can’t vote in ‘24

Coup: “We are here to take over the Capitol, we are here to hang Mike Pence”

How Govt wastes our money:

One closet GOP senator holds up American voting bill and jobs measures: WV pride?

Some states ban teachers from racial discrimination education: Scopes trial II

Wealthiest — like Warren Buffett, Elon Musk Jeff Bezos — paid little in taxes.