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
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: 2nd
Amend?
9th
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
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts available
at http://dankeppel.blogspot.com/
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