Make your grandchild a millionaire
If you are wealthy or they have time to accumulate wealth, you can help them have enough money to do what they really want to do. 1st case: give each grandchild $15,000 a year with no gift tax. A custody or cash account with your stock mutual fund can become a $million in 20 years. 2nd case: give each grandchild $250 a month using automatic investment from your bank account. A custody or cash account with your stock mutual fund can become a $million in 35 years. If they convert their account to a Roth IRA the account earnings will become tax-FREE when they take the money out.
Gift of a lifetime: https://www.amazon.com/Give-your-Grandchild-1000000-Lifetime/dp/1456433105/
Can Congress complete the Social Security stabilization for us?
The SS Trustees Report says that we will have our SS benefits cut by 25% in 2034—just 12 years away. Congress has trouble understanding it takes time to accumulate the funds that will provide the benefits. Reason: most are multimillionairs and won’t need benefits. Wealthy members don’t want to think about taxes. Some don’t even realize that global warming is reducing their $ billions of assets. However, if we are to survive in retirement, we need to convince the split Congress that Americans agree on THREE things: ensuring Social Security cost-of-living adjustments (COLAs) are enough to, at minimum, keep up with inflation; reinstating Social Security payroll taxes on people earning more than $400,000 per year; and providing a Social Security credit to unpaid caregivers. Because Congress may not agree in time to correct the situation, prudent folks must take action.
Start today: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224
Are stock dividends the best way to create retirement income?
Some advisors are convinced that stock dividends are the best way to fund our retirement. Few stocks pay over 3% in dividends. At $6 a year, owners of 3M for instance, must own 5,000 shares at $194 a share or about $1,000,000. Luckily, dividends are taxed at lower rates than income from 401k or IRA funds. However, we may do better by owning non-dividend shares like those in the S&P 500 that we can sell as needed with fewer taxes. Also, with inflation returning to the historical 3%, a dividend yield of 3% may actually be losing us long-term buying power. Stocks returns beat inflation. The other benefit of owning non-dividend stocks is that we can sell when the price and tax benefits are greatest. If we have other retirement income like taxable 401k and IRA money, we can postpone selling stock for income. We may have periods when we can convert the taxable money to tax-FREE money and thus lower our tax burden over time. We may need a one-time fee-only planner to help us create tax-FREE retirement income.
Tax-FREE spending: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
$10,000 annual fee
Do you realize that is the amount you are paying your advisor every year? If your portfolio is $500,000 and your expense fees and charges and 12b-1 and trading costs and timing mistakes total up to 2% each year, you could be falling behind your ultimate goal in a big way. Year after year with most costs hidden in quarterly statements and prospectus, you can lose up to 50% of your possible accumulation because of the compounding of costs. Compare your account balance to the account balance if you were using a 0.04% stock market index fund. DALBAR returns tracker says the difference can be 7%--3.79%vs11.06%. If your assets earn more than 2% and you pay 2% TOTAL costs, you lose a year of earnings if there are any. If the market falls, you lose more since there are no refunds if advisors fail to better the stock market index. For most advisors, if their market picks fail, they will increase trading costs to try to avoid a loss. This just makes matters worse. But by the time you see the loss or lack of gain, that period is over and there is nothing you can do. You could move your assets to the Best Robo available.
https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Another way the wealthy avoid taxes
Trial
lawyers haul their mass tort winnings to tax-haven Puerto Rico
And you wonder who
will pay off the skyrocketing National
Debt of $28 Trillions. These lawyers, who get the lion’s share of the
opioid death settlement, are moving outside the
Start today: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072
61% of households paid no federal income taxes in 2020
Are you one of the few who paid taxes last year? Households
making less than about $28,000 will not owe income taxes this year, nor
will about three-quarters of families earning between $28,000 and $55,000,
the
You can avoid paying their taxes: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
American tax system: socialism for the rich: "only the little people pay taxes"
https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584
**********ACCOUNTABILITY**************
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
Our Jan 6 ‘Truth
and Reconciliation Commission’
Head
of terrorist group gets 5 months
Capitol
police sue Trump, his terrorists
House seeks Trump-terrorist
link docs
Trump
lawyers sanctioned for abusing justice system
Terrorist
plotting to kill Gov gets 6 years
How Govt wastes our money:
US
surprised Taliban guerillas still around: 2,352 troops died: tired of $2.2
Trillion costs.
GOP wants to keep
‘anti-terrorist’ group in
Are ‘Anti-vaxxers’
really free to put the rest of us in the hospital?
100,000
hospitalized with covid-19 a level not seen since Jan. 30 when vax not
available
SCAMS/SPINS:
TX
GOP pushes for suppressing Dem vote to re-capture House seats: SB1
passed
States
redistricting GOP favor for next Congress: Dems voters put in fewer
districts
Trump
booed in AL rally after vax statement: mob turns on Leader who got vax?
Conservative talk show
Phil Valentine
dies with Covid-19: family pleads ‘get vax’
Mom’s 2
sons die of Covid: sons refused vax: ‘I wish I could have made them do it’
Do it for the KIDS: Anti-vaxxers
making most vulnerable kids sick and sicker
OR School
head tells parents how to get children out of wearing mask: claim disability
CA pastor
offering religious exemptions to avoid vaccine mandate: ‘war’ dead 635,000
KS school
board gives medical or mental health exemption to avoid masks
LA GOP
officials help with philosophical or religious exemption from Gov’s mask
rule
FL anti-vaxxers
wait on floor for anti-body treatment not vax: sick line up full hospitals
KY
GOP court removes Gov power to curb Covid: GOP ends school mandate
Covid
vax needs booster or not: not clear who when what where?
DeSantis, Abbott and
Hogan anti-vaxxers
running for the White House in ‘24
Dr
Robert Karas AR prescribed anti-parasitic drug "thousands" of times:
jail inmates
“You
wouldn’t get your chemotherapy at a feed store.” MS folks taking
de-worm drug.
The
National Guard will see you now: GA hospitals staffed by military: Covid ‘war
zone’
Judge: Sacklers,
Oxy, get off too easy: legal immunities: killed 500,000; millions
suffer
Bolts catch fire: GM
unbolts battery: do not charge indoors overnight
Malicious
QR Codes Now Used by Online Scammers
Covid
risk on cruise ships even if vax: older cruisers warned: no hospital
onboard
Seniors’ biggest
mistake: SS
benefits don’t go up when you reach full retirement age
Robert J. Mueller TX
caught:
stole $58 million seniors’ nest eggs promised safe returns
ISC Advisors caught
over charging fees for funds: no disclosure; no SEC reporting
Online
casinos report big year taking $13.6 billion from desperate poor/unemployed
John Woods
Livingston Southport caught
Ponzi on 400 for $110 million “safe steady”
Laptop crash? You
can imagine car’s autopilot may have same problem at 65 mph
Pro-gun
states wish to disarm the ATF power to regulate complete firearms
Family Fascism:
state law gives militia
a “veneer of sanctioned credibility” armed picnics
Jobs
Cars
wait for their computers: Ford Toyota GM stop lines: Covid cuts
Telemarketer
jobs going away, thankfully you don’t pursue these phone pests.
factory
equipment manufacturers jobs vault to highs above 2019 levels: good pay
Delta
charging no-vaxxers extra health care premiums: selfishness costs
Robots
replacing low-wage workers pushed by venture capitalists
Who owns your account now?
Supremes as owners put millions on street: evicted before recovery: didn’t even sign order
Miracles:
Congress
considers giving seniors Medicare dental coverage to some extent: on to-do
list
Athletes
helping young ones understand how money works: learning basics avoiding bad
Earth
Fire: 2020 was Europe's hottest year on record
Greenhouse
gas concentrations, global sea levels hit record highs in 2020
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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