Make the New Year better
The easy way to create your $ million retirement fund
Some of my readers use this strategy to build their
retirement fund. They use their tax refund (average
$3,000) to buy the low-cost 500
Index Fund so they can automatically invest without having to write a check
every month. The tax refund happens because they are making sure they don’t owe
the IRS any money in April. Their employer deducts the standard amount from
their check every pay period. They never see the money deducted—they receive
their net pay and have to live on that amount. If forced savings is not for
you, the alternative is to have your mutual fund deduct $250 a month from your
checking account. After 35
years, your $1 million is tax-FREE using a special account.
https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
Is a registered index-linked annuity right for you?
Registered index-linked annuities use index options to provide both upside potential and downside protection. Insurers are replacing traditional variable annuities that offer living benefits with RILA products. “Insurers indicate that they are using the RILA to pivot away from risky guaranteed living benefits,” according to analysts at Cerulli Associates. Insurers are taking less financial risk by cutting the living benefit option. The living benefit is intended to guarantee the benefit provided, and toward that end, it usually offers guaranteed protection of the principal investment and the annuity payments or guarantees a minimum income over a specified period to you and your beneficiary. Usually the guarantees cost you more and many believe the extra cost is not worthwhile. Insurers are eliminating their financial risk of having to pay more due to unforeseen circumstances. Instead they offer the possibility of your account earning more over time. Variable annuities are popular when the fixed rate of traditional annuities is very low. Currently the fixed rate is under 3% so it does not even cover the inflation rate. Because all annuities come with extra fees and cost, you may be better off using a low-cost balanced mutual fund to meet your retirement income needs.
https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019
Is a tax-FREE retirement fund right for you?
Since 1998, working people have been able to create a legal tax shelter. Every $1
contributed to this IRS-approved account at your favorite financial institution
can grow tax FREE and be withdrawn tax FREE. This means that instead of you
paying taxes on the money you take out later, you pay ZERO taxes. Because you
have no tax liability on this money, your other income like Social Security may
not be taxed. With the old pension system, you had to pay tax on the income
because your employer paid no taxes as the pension amount grew. Because you had
taxable income when you retired, your Social Security was also taxed. Now some
of us who have been using the new system for a while pay no income taxes when
we take out this money from our accounts. Thus, by investing $250 a month in a
low-cost stock index, after about 35
years, your account reaches $1 million. This money is tax-FREE. Your
gains—$895,000 ($105,000 in; $1,000,000 out)—are completely tax FREE.
Use your tax shelter: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/
Tax withholding part
of your IRA distributions is usually required
The IRS is taking no chances so they require distributions to have taxes taken out before you receive your money. Traditional IRA accounts let us defer taxes during our working years. Now the IRS wants their money. If the distribution is in the form of an annuity or similar payments, amounts are withheld as though each distribution were a payment of wages pursuant to the recipient’s W-4 form. For other kinds of distribution, a flat 10% must be withheld by the plan custodian unless a different withholding is elected by the owner. Even though distributions from a traditional IRA may be partly nontaxable because of nondeductible contributions, all withdrawn amounts must be reported to the IRS. Distributions from Roth IRAs are not subject to income tax withholding in most cases. Most distributions are NOT included in taxable income since we paid tax on the income already and the earnings are Uncle Sam’s tax-FREE gift to us for making a nice nest egg. So it is possible for someone to create a totally tax-FREE retirement.
No offshore account: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
Most retirees would like to have a higher SS benefit
However, most folks don’t or can’t wait to age 70 to claim the highest benefit for their years worked. In fact, if they used their 401k or pension money first, they could have earned an extra 8% per year in benefits from age 66 [full retirement age] to age 70. Once they begin benefits, they will not increase the benefits unless they keep working. So if they begin at age 62, the earliest possible, they will receive less for the rest of their life. I had no choice but to begin at age 62 due to layoffs and industry cuts. My wife waited to age 70 and receives about double the amount I receive. She also worked past age 70 and was able to increase the benefits each year she worked because she was still contributing to the SS account. Thus to have a higher benefit for the rest of their lives, most retirees must find other income to postpone taking SS benefits. The alternative is to strengthen your invested asset base to supplement your retirement income. This usually involves taking more risk in the securities markets. Most retirees choose to stop working before age 70 and receive fewer lifetime benefits.
https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224
Retirees save on property taxes
Some states like NJ have a program to help retirees with lower income. Some states offer to property tax relief. FL has homestead exemption. NJ offers a Property Tax Reimbursement Program, also known as the "senior freeze," which reimburses eligible senior citizens for property tax increases. If you qualify, your property tax increases after age 65 are refunded. NJ also has a Homestead Benefit program which provides property tax relief to eligible homeowners. For most homeowners, the benefit is distributed to the municipality in the form of a credit, which reduces your property taxes. This high tax state provides Property Tax Deduction for veterans, seniors and disabled residents. Most retirees do not itemize since the property tax deduction was limited in 2017. Some retirees with high property taxes have found other means of offsetting their high property tax burden.
Use all your tax credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
The
Path to Dictatorship: 2010-2030
“Follow
the money” elections
Sedition: Fake
Trump Elector Criminals
Trump: “I’ll pardon”
seditionists: ‘stuff
of dictators’
Trump’s
ripped up sedition-plot papers
New GOP rules: Some
voters wait 10 hours
How Govt wastes our money:
Judge
stops Big Oil from drilling for Gulf oil/gas: court fight not over: oil
profits up
Biden moves to war
stance in
9
TN cops blast mental man off side of road: Taser
not used: use tranquilizer gun?
70,000 US troops in Europe:
Biden starts with 8,500
moved to Putin’s border
Manchin
decided the domestic legislative agenda is “dead”: GOP rules
Taxpayers (our Fed
bank) bailed out biz in pandemic: $25
million bonuses Wall Street
Bezos deducts his costs: moving bridge to get
his ship out of builder’s dock
Workers
stuck with $30 Trillion debt: IRS can’t
even collect taxes owed by rich
SCAMS/SPINS:
“I
would rather die” without new kidney than get Covid vaxx: totally
brainwashed!
Truckers
90% vaccinated still stage protest: halt traffic in
Putting
fake words in celebs’ mouths: easy to lie to convince the convinced 900,000
Hospitalizations
23 times higher among unvaccinated than those who got boosters
Sports
betting: scam or new tax? AZ workers lost $51 million in one month:
desperation?
Foil the granddaughter/son
scam: ask for specifics!
Companies that suppress our reviews may be fined:
when all reviews are 4 stars: scam?
Is your cereal just salt and sugar? CR
blasts them apart
Trump
raises $122 million to buy next election or pay his legal fees?
Jeff Bezos raises Prime
price $139 to pay for his 2nd yacht and move bridge: copter
yacht
Paul R McGonigle MA caught
stealing retirees annuity accounts:
Empowered Diagnostics tests caught
producing a false Covid result: not approved
doTerra distributors caught
treatment/prevention of COVID: FTC warning; snake oil
SlimFast caught
claims weight-loss “clinically proven lose weight/keep it off” no proof
HELLO FRESH’S ’17 FREE MEALS’ caught
Not Free: buy 6 months 3 meals: $100s
Agora Financial caught claim
single month trading penny stocks $39,587: just B.S.
Cold/Flu meds caught
claim ‘non-drowsy’: false: ingredient DXM makes sleep
KASHI RIPE STRAWBERRY BREAKFAST BARS caught
actually colored apple/pears
EMAX tokens caught false
celebrity adverts to raise price: ‘pump and dump’ cyber coins
FINRA
securities regulator allowed one party to fix list of arbitrators in
WellsFargo favor
Annuity agents
sue regulator after it requires them to sell ‘best’ product for client not
fees
Remodeling
fantasy: new kitchen $20,000 “in few weeks” takes 5 months $50,000: scam?
Tesla pilot automatically runs through stop signs: no
refund on ticket/crash: brakes
at 60
CA may allow victims to complain
to medical boards re bad doctors: 1st time in history!
Are police liable if they don’t
stop their boss from killing arrestee? Nazi defense invalid
A gun
as personal protection is a myth; you can never
get it out faster than killer has done
Rents
up 30-40%: finding new space on $15 hour stress—avg $3,000 FL, TX, NY
Coffee, soda, burgers, fries: Cheap
date prices up 8-10%: DIY back in style?
Cruz
“offended” by thought of Black woman as Supreme: race useful for fundraising
GOP: silent
assent to Trump’s VP canceling the 2020 election results: silence means OK
Jobs
Pay
hike 4.7% but price hike 7%: we are left with loss of 2.3%: specialty work
OK
Brady
quits: retiring after a loss—not in his blood: GOAT fun to watch
Is the ‘Space Force’ real? Airline
clerk only seen Carell comedy. Only TV show!
Best
jobs in 2022: tech— flexible work
arrangements and six-figure salaries.
Who owns your account now?
Some insurers can estimate/validate auto claim in seconds: get repair started same day
Social Security offices remain closed until at least mid-April: call and fax docs
Win $200 for spending $750: no annual fee: cash back: how can we lose?
IRS taxable income: disability income, SS benefits, free trips, canceled debt, tax refunds
File tax return FREE: income to $73,000: IRS too busy to catch mistakes
Clean up your credit report: https://www.annualcreditreport.com/index.action
Capital One: best all-around bank for online
savings: interest, plus no fees
Miracles:
2
year old saves 6 family members from smoke: Covid takes away your smell of
smoke
Remain young: wealthy
to buy a new lease on life: reprogram to embryonic stem cells
No Surprises Act
prevents billing
by ‘walk-thru’ doctors: except ambulance fees
Tree hits man in car
just where the tree did NOT fall on him: gift
of life
Trump’s postmaster
just delivered birthday card mailed
December 23: 30 days late!
A Putin chicken
broke into the Pentagon spying
for some intel “chicken feed”
Cancer
lymphocytic leukemia cured by CAR T cell therapy
Great
Salt Lake soon with NO water; Olympics
with NO snow: snow
in Greece Turkey
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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