Your Unbiased Advisor: Save $1,000 a year on life insurance alone

Our retirement system is broken: fix yours now

Your employer has stopped helping you reach your retirement goals. Your alternatives are limited by your employer’s choice of investment options. Many have stopped matching your contributions to their 401k or 403b. Many use very expensive mutual fund plans. Paying 2% in investment, plan and services fees “will erode 63 percent of what you would have had.” Even worse, if you are using a variable annuity, you may be charged 7%. Small employers often use variable annuities from an insurance agent since this costs your boss nothing: very costly. ALTERNATIVE: use the new retirement plan that offers a complete set of mutual funds and stocks at low cost. The new plan allows you to accumulate more at almost no cost. And when you retire you will pay no state and federal income taxes on the full amount. For instance, if you invest $250 a month you could have $1 million to spend as you wish with no taxes. You can also take a loan at any time without the 10% penalty and income tax usually charged for 401k plans.

Double your nest egg: https://www.amazon.com/New-American-Retirement-System-Wealth-Reserve/dp/1461030072

Another way the wealthy pay NO taxes

“Asset-backed loans are one of the principal tools that the ultra-wealthy are using to game their tax obligations down to zero,” one analyst said. With low interest loans available, the rich pledge their stock, pictures or land for a line of credit. They can use the loan to buy that new mansion, boat or business without paying tax if they had sold their stock, pictures, or land for the purchase: neat. Further, locking in a long-term low-interest loan on an appreciating property assures the rich will not be hurt by future inflation. Paying off a 1% loan with an asset that grows at 8% is perfect for the future rise in prices. Another tax loophole (1035 exchange) allows a wealthy investor to exchange (SELL) their old property for a new one (BUY) without any capital gains. 1031 exchanges allow the wealthy to indefinitely defer capital gains taxes on investment properties. Two main types of taxes can be due upon the sale of an investment property: capital gains tax and depreciation recapture. Thus, a family legacy can be perpetuated for generations without ever paying their fair share of taxes. Our ‘collective’ debt is now 28 Trillion.

Stop paying their taxes: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Save $1,000 a year on life insurance alone

A recent survey of the cost of life insurance shows that shopping around really pays off. The survey showed that the cost of a 20 year term policy paying $500,000 to your family ranged from $1,896 at Allstate to $709 at unknown insurer sold by LifeQuotes. A real life 40 year old male in excellent health got the quote. Why the big difference? Allstate is not competitive in life because auto insurance is their game. Their mutual funds are also not competitive. Like Allstate, many companies sell these expensive products to “loyalty” customers since they know their niche does not shop around. The Allstate buyer spends $37,920 for the same $500,000 check as the other insurer pays in return for $14,180. The difference, $23,740 is pure profit for Allstate. The unknown insurer at $709 is still making money because this survey did not include not-for-profit insurers who charge $230 or $4,600 total. The difference $33,320 or $1,666 a year, if invested in a stock mutual fund during that 20 years could provide an extra $136,166 in retirement. The benefit $500,000 to your family is the same but the cost difference $1,666 pays off home.

Insurance discounts: https://www.amazon.com/Industry-Insiders-Guides-Buying-Insurance/dp/1466435712/

Are you spending enough in retirement?

Savers have a hard time spending their nest egg when they retire. Most savers don’t realize how far we have come in the last 10 years. The market index has climbed 15.6% a year since 2009. Your $100,000 grew to $537,000. You could get your grandchildren started in their future $1 million fund or fund a college 529 account. Each of you is allowed to give each person up to $15 grand without tax. Every retiree wishes their parents had started their savings early. That may be your legacy to your family each year instead of waiting until you die. Plus, using a low-cost index in a tax-advantaged account they could reach their life goals and never pay taxes on the gains of the account. It’s a gift that keeps on giving.

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

Where to invest for the next ten years

The fastest growing age group is the over 65 year olds. What do ‘grays’ need? We need health care at home, low-cost advocates, drugs, medical interventions, hospital services, vacations, public transportation, Social Security guarantees, security, and shared living spaces. Which firms will be able to meet these needs? Many companies that provide these services and products are represented by the largest 500 US corporations. How can we invest in all of them since we don’t know which will excel? We can follow Warren Buffett’s advice and own a little of each one of them. He recommends the low-cost index of all these firms for retirement funding. They provide both growth and income at a reasonable cost. They provide broad market exposure. In fact, Mr Buffett thinks we don’t need a broker to provide what we need in retirement. All we need is patience and common sense smarts.

Pay less, earn more: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

How to maintain patience in a volatile market

Every investor stays calm as the market produces 15, 18 even 40% returns over time. But what happens “when the tide goes out and you discover who’s been swimming naked.” as Buffett says. How do we learn that the “market is a device for transferring money from the impatient to the patient”. He explained why we should NOT follow the advice of Wall Street. He has told us how to be successful investors. We need a plan with long-term goals. We need to keep them on our fridge so we see them everyday. Volatile times are normal: that is when the wise buy stocks. Remember, time is on our side. Be aware of the history of the market—up 32%; down 37%; up 11.06 over time. Proof: IRAs with big bucks have tripled over the last 10 years.

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

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