Friday, April 29, 2022

Our ‘Representatives’ let the rich pay less tax than we pay

 

Our ‘Representatives’ let the rich pay less tax than we pay

A married couple making $200,000 a year could end up paying higher tax rates than a person making $200 million a year. That is the conclusion we see from analyzing the 15 top income earners. Some pay nothing just like the most profitable corporations. Who makes the rules that make the American progressive tax system a lie? They are the people we elect who take campaign funds (bribes) from these same wealthy folks. As one of the wealthy admitted: "We don't pay taxes. Only the little people pay taxes." When our Reps create systems that help wealthy folks hide their income, the tax rules can’t be used. The rich have no earned  ‘income’ to tax. They hide their assets in legal entities that can’t be taxed by any method. Meanwhile working people pay about 32.9% total tax. We can’t avoid SS, Medicare, property, Fed and state income taxes. We can’t hide from taxes since we don’t have dummy corporations, trusts, oversees entities and many other legal tricks. For instance, Jeff Bezos with $177 BILLION net worth had so little ‘income’ in a couple of recent years that he was able to pay $0 in federal income taxes in those periods. Our Congress creates loopholes so the rich have NO income—so no taxes—and never get audited. For instance, they can live on a loan financed by their assets. Loan income isn’t taxed: a $ billion asset can produce $100 million a year. The IRS can’t even figure out their schemes. We live under “socialism for the rich.”  We pay for the airports, highways, sports teams, courts, police, military, subsidies they use. They pay little.

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

 

When to start taking your Social Security benefits?

Use this free calculator to maximize your benefits: https://opensocialsecurity.com/. There are a lot of issues in this decision for some people. SS benefits are usually taxable. For others like myself, I had to begin early because I could find no work in my career field. For others like my wife who was still working and building her final pension, the wait till age 70 was a way to increase her benefits to the maximum—about $1 million. Your situation is unique and this decision is worth between $500,000 to $1,000,000 in income over a lifetime. Get help using free sources, including a visit to your local SS office or pay a fee-only financial planner to help you calculate all your income sources and potential tax situations. A commission or paid-fee sales person may not provide the best unbiased advice. Always get a second opinion if a certain product is recommended.

https://www.amazon.com/Lets-Do-Numbers-Creating-Retirement/dp/1502775522

 

How much did you have to pay for Twitter?

Musk bought Twitter with loans instead of selling his stock. He paid no taxes by using his ownership of Tesla to get the loan. You and I would need to pay capital gains tax if we sold our new car to buy an older car. When people buy a car from him, you and I give Musk a $7,500 subsidy—total $7,021,290,000 on 936,172 sales in 2021. Despite selling all those cars, Tesla paid nothing in taxes on a record profit of $5.5 billion in 2021. You and I pay more taxes/national debt since Tesla paid nothing. Elon Musk's net worth has surpassed $300 billion but he pays taxes at a rate much lower than ours. Elon Musk paid less than $70,000 in federal income taxes between 2015 and 2017, and he did not pay anything in 2018, according to recent reports. But even though we helped Elon pay for another asset he owns, we will receive nothing except paying for his avoidance of taxes. We and our kids will pay for the subsidies over time as we pay off the national debt. When people sue Musk for his mistakes, we pay for his use of court and judges from the taxes we pay and he doesn’t. It is a great system for the wealthy and powerful.

Avoid paying the taxes he should pay: https://www.amazon.com/Tax-Shelter-Avoid-taxes/dp/1985448300

 

Tax-refund Millionaire-- https://www.irs.gov/refunds

Most people spend their tax refund—your refund could be a retirement nest egg

Michele had trouble saving. She seemed to always be waiting for her next paycheck. She never had enough to save for a rainy day like her Mom did. She used to make about $35,000 as a shop manager but with federal, social security, Medicare and state taxes, unemployment, disability, and health insurance, she was not able to put anything away for retirement. Years ago, her local tax preparer suggested she use her tax refund to create a retirement fund. Usually Michele would use her refund to pay bills or buy something special. The tax preparer said that if she agreed to start an IRA with $2,000 of her refund, she would be able to increase her refund—Uncle Sam would help her save. The amount she invested would reduce her income and make her refund larger. The $2,000 could grow over time, if she left it in stock mutual funds in her IRA account. Over time, it has grown large enough that she will have enough for retirement.

I will help you start in 1 hour: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

Which portfolio is the best for you now?
We are entering a time of high inflation and higher interest rates. What your advisor should be emphasizing now is a broadly diversified portfolio. Some advisors are pushing crypto for retirement even thought crypto is a speculative asset. Crypto may sell TV time but beware the dangers. Stocks are necessary because they are the most likely to overcome inflation in the long run. When interest rates are rising, fixed rate bonds are going to decrease in value. The bonds you can buy today will provide less interest in the future so few will want them and they will be reduced in price. When you compare the potential value of commercial real estate, you will hold on to your REITs. Commodities have been on a wild run recently with the Vanguard Index hitting 56% for 1 year. This fund represents a potential hedge against inflation risk and as further diversification for a traditional stock/bond portfolio. Keeping your money in a portfolio with a set of low-cost funds may be the best way to deal with the current uncertainty. No advisor can know the future so controlling your costs and taxes may be the best choice for now and the future. Learn yourself and save.

https://www.amazon.com/Millionaire-Mutual-Funds-Save-taxes/dp/1534939490

 

Annuity substitute

The annuity industry is pushing for Congress to have your employer include these expensive products in your 401k retirement options. Instead of moving your money to an IRA and taking the money for retirement income monthly, you would pay an insurance company extra to send you a monthly check. Employers used to offer a pension that you could count on to never run out of money. In return for your loyalty working for your company for 20-40 years, your boss would make sure you had income for the rest of your life. Sometimes employers even continued paying your spouse and included health care too: no longer. Since the 1980s, employers took the money for pensions and increased payout for senior management and stockholders. Employers passed the expense and investment risk to working people. Managements were still guaranteed their $ millions. The employees were given a couple of bucks to invest without knowing about investing. Most have done a poor job of guaranteeing a living retirement income. Employers are happy to pass on the responsibility to the insurance industry by encouraging workers to pay more for an annuity. The selling point is lifetime guaranteed income—but at a much smaller amount.

Consider annuity alternatives: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

 

A cost-effective emergency fund

If you own your home with some equity, you can set up an emergency fund at no cost. If you had an emergency expense like medical emergency surgery that was not covered by your health plan, where would you get the money? Would you go to your family, a 25% credit card, or file bankruptcy? A low-cost alternative would be a HELOC—a home equity line of credit. At the current 4% interest, you would be able to handle your emergency now and pay back the self-loan at your own pace and avoid overpaying for interest. HELOC amounts are tied to the equity in your home, a good credit rating and home appraisal. There are no closing, administrative or lawyer costs—little or no out of pocket costs until you use your line. Save $3,000 on fees, commissions, overcharges. Save $3,000 a year: https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

 

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracyWe rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Nov 8 2022 Trump’s “national revolution

 

 

Fascism: ‘Everywhere Babies,’ a picture book banned

 

Terrorist: “just followed Trump’s orders

 

250 terrorists guilty: nonviolent misdemeanors.

 

Judge: Trump guilty contempt of court: lawless

 

How Govt wastes our money:

Disney punished for free speech by FL: residents will pay for its services and debts

FL will now regulate how you think in your school and your business

FL residents sue county for banning books, closed meetings: violates 1st Amend

GA bans teaching "divisive" concepts like structural racism: whites don’t want to know it

 

FL judge now regulates national health criterion for shots, masks, disease, flu, etc

Trump judge, not doctors, not FDA, to decide covid treatment for children under 12

OK bans abortions: felony crime 10 years if doc caught

 

US and Russia sell the arms to end the world: will Putin or Trump pull the trigger?

 

FL election police (brown shirts) seek and destroy voter ‘fraud’: Trump mail-in ballots ok

 

SCAMS/SPINS:

CapWealth TN caught overcharging clients 12b-1 fees, etc

HighPoint Advisor caught overcharging clients: wrap program costs more: no disclosure

Beware: advisors switching from “personal interaction to digital technology” to cut costs

 

Ex-FBI Official Accuses Tucker Carlson Of Aiding And Abetting Terrorism

Giuliani to explain to Congress the plot to overthrow the government: lawyers do sedition

Whistleblower on Trump’s Russia funding probe is dead: DeutscheBank-oligarch link

 

Trumpist lawyer Meadows voting in 3 states: GOP voter fraud proved no jail time

GOP Trumpist: “I’ve Had It With This Guy” but fear of fascist’s power made him kiss up

Trump picks MI chief elections officer/law enforcement: lock in next election for GOP

 

Trumpist Green: not remember a thing re: “fomenting violence,” facilitating overthrow

Trumpist Brian Kolfage Andrew Badolato stole money for Mr T’s wall: 46 yrs prison

Trump Jr can’t count either: makes up math like he makes up news

 

More Black, Latino and Asian Americans turning to firearms for self-protectionbut

Mass shootings are on the rise: anger, alienation, grievances or minor slights revenged

Ban guns not the books: no one was ever killed by a book: we are killing off our young

 

Fake Microsoft virus helpline steals $ 1.7 million from computer victim: ask Avast.com

Fake bank contact: legit looking call, text, email looking to steal your money.

Tesla Model 3 sedan on Autopilot crashed into a parked fire truck in IN: killed wife

Recall 48,000 Tesla speed display software upgrade: ‘over-the-air’ software update

 

Gambling addition: will US become like Australia: problem doubled over 10 years to 1%

Inflation from gauging not higher wages: 54% from profit margins; 8% from labor costs

 

Jobs

KY jury awarded employee $450,000: asked employer not to celebrate birthday, did it anyway

Top 10 states for tech jobs: TX, CA, NY, VA, FL,

When you need a little push to enter your highway lane: make a 3-D at home

Fidelity 12,000 new financial jobs

 

Study says: CA police do not like people of color, immigrants, women and LGBTQs.

 

Who owns your account now?

Orange County median price for homes rose from $985,000 to $1,020,000 in March.

Tesla crashes into $3.5 million jet after being ‘summoned’: “autopilot” kills their jet

Vehicle Dependability 3 year olds: KiaGenesis, Hyundai, Buick and Toyota top list

 

Musk gives Trump and other fascists the floor to make more hate: it’s their right to hate

NJ E-coli beef recall: check your packages

Mastercard Free ID Theft Protection and Credit Monitoring: why pay up to $120 a year

 

Miracles:

A packed train TO Kyiv: going home to rebuild: will Marshal plan help?

Monarch butterfly is back: after years of decline: insects in decline from heating/farming

 

Belarusian railway workers who helped thwart Russia’s attack on Kyiv

A pet lover’s courage to save the animals in war: true grit by example

What the world needs now: Sympathy

 

Warming planet’s tangible impact on Alaskan native culture’s food traditions

97,500 square miles of trees vanished last year: 1/3 by fire alone

Trumpist head USPS buying all gas fleet: no electric deliveries

Manchin gets paid $500,000 a year to keep his coal company in the pollution business

 

16,000 foreign volunteers assist Ukraine in fight against Russia: 2nd front

 

 

Everything in the universe from sun to stones is made of subatomic ‘vibrations’

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

Mass–energy equivalence: E=mc^2   Everything at smallest level is moving!

 

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

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

Friday, April 22, 2022

Buy your financial services without sales person costs

 

How to cut credit-card debt

How have you started the New Year? Most folks are in the negative for their portfolio. Usually a down market means it is a good time to buy stocks or their funds. However, inflation is taking every last dime so far. In order to make your paycheck stretch farther, you can cut expenses to pay off the debt so you are in the positive by year end. We had been paying for a storage unit. We had a lawn sale to make money and end the lease. We cut out Netflix and lowered our cable bill. Instead of our usual week in Maine, we used our tent instead of our usual motel. We already had a paid membership in the National Parks so we could hike around Acadia for a week and ate at Jordan’s and Aloha. We grabbed a 0% interest balance-transfer offer and paid all of our other CC balance in full. We took advantage of 2 $200 bonus offers and used $400 to attack our debt. We concentrated on knocking the principal to $0 in one year. We quit eating out and found a fantastic low-cost cafĂ© for lunch once a month. Our tax refund cut our principal to 1/3 its original size.

Everyone needs help: https://www.amazon.com/dont-have-money-Financial-Emergencies/dp/1537636707

 

Tax-refund Millionaire-- https://www.irs.gov/refunds

Most people spend their tax refund—your refund could be a retirement nest egg

Michele had trouble saving. She seemed to always be waiting for her next paycheck. She never had enough to save for a rainy day like her Mom did. She used to make about $35,000 as a shop manager but with federal, social security, Medicare and state taxes, unemployment, disability, and health insurance, she was not able to put anything away for retirement. Years ago, her local tax preparer suggested she use her tax refund to create a retirement fund. Usually Michele would use her refund to pay bills or buy something special. The tax preparer said that if she agreed to start an IRA with $2,000 of her refund, she would be able to increase her refund—Uncle Sam would help her save. The amount she invested would reduce her income and make her refund larger. The $2,000 could grow over time, if she left it in stock mutual funds in her IRA account. Over time, it has grown large enough that she will have enough for retirement.

I will help you start in 1 hour: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

Retirees use RMD not annuity to empty their nest eggs

New retiree use of in-plan lifetime annuities to draw income for the first time fell to 18% in 2018, from 62% in 2000. Most retirees count on some form of tax-deferred account for income in retirement. Social Security was never meant to be the sole source of support. It has become the only nest egg for many low-income households because American business stopped offering lifetime pensions. For retirees with tax-deferred accounts, an annuity may be offered by their employer plan as a source of income for the rest of their lives—guaranteed. However, inflation can cut the annuity benefit in HALF in 20 years after employment. Annuities are expensive to fund and to get your money back. For many, the IRS required minimum distribution (RMD) calculated by their mutual fund complex offers the best solution. It fulfils the legal tax requirements based on life expectancy and helps you plan your income for the rest of your life.

https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Buy your financial services without sales person costs

If you shop at Costco, BJ or Sam’s Club, you know that you can save a lot by buying without a sales person. For the benefits of buying this way, it is best to know what you need or want. There is every reason to save on financial services by buying this way—without having to pay a sales person. Find out what you need by using unbiased sources—books, website articles and knowledgeable agents. For instance, using government sites that explain coverages and types, you can decide to buy straight term life and basic car coverage legally required in your state. Then, using a consolidator, you compare insurance prices for you by multi-carrier internet sites. For mutual funds or single securities, the regulator Securities and Exchange Commission (SEC) has information to help you choose which type to use in your 401k, IRA, or cash account. Stocks are the safest for long term investing since they beat inflation over time. Money needed for an emergency can be left in a bank CD. In all cases, shop and compare. For instance, a low-cost stock index fund provides a greater nest egg than a licensed advisor. You can lose up to 63% of your total accumulation to costs.

Pay more; get less: https://www.amazon.com/Lies-Financial-Advisors-Told-me-alternatives/dp/1478281545

 

Have you taught your child how to make tax-FREE money?

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. I have used this 'Wealth Reserve' as I call it to have funds to buy low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a month in retirement supplement. Now your child can build an account that provides tax-FREE retirement income too.

Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracyWe rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Nov 8 2022 Trump’s “national revolution

 

 

Trump runs the party from his home

 

 

 

How Govt wastes our money:

FL rejected 54 math textbooks K-12 citing critical race theory in equations GOP crazies!

Trump judge decides we can all spread Covid on planes, trains, bus: GOP goal 1 mil dead

 

Half of us now taxed on our Social Security benefits: threshold not pegged to inflation

Wealthy haven’t always hidden their income, tax rate: disclosure proved honesty/fairness  

Biden expanding oil/gas drilling leases despite promise on climate goals

 

SCAMS/SPINS:

Trump runs GOP from hotel in FL: you must kiss his ring to win like Vito

GOP does not need the debates: it’s Trump or anyone BUT the Dems

 

Alex Jones' InfoWars files for bankruptcy: takes the money and runs away from lies

Mass shootings become daily activity in US: no gun control: make your own $100.

White supremacists/homegrown extremists remain top threat: homeland security.

 

German Nino UBS stole $5 million, fake signature, fake balances, fake transfers

Shawn E. Good Morgan Stanley stole $4.8 mil. Ponzi: promised low-risk returns

Jeffrey Judd, Christopher Humphries caught fraud risk-free 12.5% returns Ponzi 

“I will help you make money” SCAM: link takes you to fake site: lose big time

 

Synthetic identity fraud rip off state and federal programs as well as consumers’ credit.

"free genetic testing" scam: claim Medicare agent: you stuck with bill that rejected

Napleton Auto caught Illegal Fees: Discriminating Against Black Consumers

 

Nche Noel Ntse caught fraud non-existent basset hound puppies.

TransUnion caught dupe Americans into subscription plans: credit monitoring etc

Gift card scams: given or received a gift card that had no funds on it.

 

TurboTax H&R Block selling your personal info: misleading requests trick you

MoneyGram caught withholding funds, leaving customers stranded without their money

 

How Russia ‘proves’ Ukraine army staged deaths in Bucha

If Putin uses nuclear to clear Donbas will US respond ‘in kind’ to clear Moscow?

Helios to Ukraine U.S. bought in 2010s from a Russian state-owned arms exporter

 

Russian Christian Nationalists behind Putin’s scorched earth policy in Ukraine

 

What must be going through book banners’ minds? Kids are positive until adults hate

Tucker: stand naked on a rock at twilight: shine red laser on genitals: GOP castration

 

Jobs

Wage tracker: where’s your company: https://www.epi.org/company-wage-tracker

Where are homes affordable? Work from home for less

 

Who owns your account now?

 

Miracles:

Wind power was the No. 2 source for power surpassing coal and nuclear power

The oldest known gorilla in the world just turned 65: taking SS early

What happens when you win the lottery

 

Biden not Obama is running for prez again: Dems need miracle not more of the same

Earth Day? Or End of Earth: words don’t save our ‘home-land

 

Everything in the universe from sun to stones is made of subatomic ‘vibrations’

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

Mass–energy equivalence: E=mc^2   Everything at smallest level is moving!

 

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

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

 

Friday, April 15, 2022

You don’t need a financial industry sales person

 

Easy tax filling

Online IRS approved software is easy as answering questions. I have been using the Free-File vendors for years at https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free. I have used TaxAct, FreeTaxUSA, and 1040NOW.NET. I pay a small fee to have the same return filled in my state of New Jersey. I avoid all the commercial sites that say they are ‘free’ since they usually charge for some special form needed each year. In fact, one of the commercial sites, Turbo, has been notified by the FCC to stop claiming their service is ‘free.’ The benefit for using sites like FreeTaxUSA is that next year they have kept your name and address data so you don’t have to reenter your bank, broker, employer, etc data. This data will prompt you to find info that you may have not received or have forgotten to obtain. Some reviewers claim these sites are not comprehensive but I have found FreeTaxUSA to provide all the forms and calculations for our return of about 46 forms/pages. Plus we get our refunds by direct deposit in about 3 weeks. Check for your refund: https://www.irs.gov/refunds. Due Monday April 18.

Use all the tax credits you can: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

 

Will crypto assets support your retirement?

Many working people expect to receive huge gains from this new investment type, despite knowing very little about it according to a new survey. Responders were asked: ‘Where do you expect the greatest return on your investments over the next 10 years?’ Unfortunately 30% think crypto will provide the biggest investment returns. Stocks are second with about 20%, mutual funds 11%, real estate and NFTs show single digits. Younger people expect to retire earlier than older people as expected. Unfortunately, crypto is the newest ‘get rich quick’ scheme in the press and the top scam mechanism. Since schools do not teach young people how to invest for retirement, it is up to their parents with limited financial literacy to teach them. Most don’t know about the tax-FREE account available to everyone.

https://www.amazon.com/New-American-Retirement-System-Reserve/dp/1461030072

 

Do you use the power of compounding?

Most high schools don’t teach the most important aspect of managing your money. Most average middle-class parents don’t know how wealth is made. Sure they have heard that some people become wealthy by creating a new biz like Google or winning the lottery or inheriting their family legacy. But most young people don’t know how to use the miracle of compounding which Warren Buffett credits for making him wealthy. If your math teacher mentioned it at all, they probably used the illustration of how a savings account grows: a deposit of $1,000 grows to $1,010.05 in a year. Not exciting enough to remember by the time you start earning real money. If schools were allowed to teach compounding with examples from the real world, everyone would show this financial miracle at work. Thus a teacher would show the actual results of real returns documented by DALBAR, the unbiased tracking firm. For the long-term investor, the SAFEST investment is a low-cost stock market mutual fund compounding at the rate of 11%. An honest math teacher would then show a chart like the one of real accumulations over time in this book. The teacher could build a real table showing $250 invested monthly for 35 years with a total accumulation of $1.2 million:

Exciting: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Not all wealthy hedge funds do well

Things have gone from bad to worse at Tiger Global Management’s flagship hedge fund. The hedge fund tumbled more than 13% in March, according to a person familiar with the matter, capping three straight losing months and a tough 2021. The decline was 7% last year, its first annual drop since 2016. Hedge fund managers produced aggregate performance of 10.3% in the year ended Dec. 31, down from 11.8% the previous year, returns of the HFRI Fund Weighted Composite index showed. Compared to a simple low-cost stock index fund return of 28.83% in 2021, 18.38% in 2020 and 31.74% in 2019, hedge funds have suffered from their high fees and costs. Instead of trying to pick securities and leverage returns, many wealthy folks would have been better off leaving their money in a stock index fund like the Vanguard 500. As a group, hedge funds have a net outflow because high costs must still be paid to managers. Tax-FREE account approved by the IRS is a better deal than a wager on a hedge fund manager.

https://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236/

 

Why are we paying a higher tax rate than the wealthy?

Bloomberg earned over $2 billion but paid only 4.1% in taxes. Ultra wealthy high-income Americans are not only privileged—they beat the system and pay less tax than we do. For them it is a game: not paying taxes. “That makes me smart” one confessed during the presidential debates. Jeff and Elon paid nothing recently helping to pump up the national debt—our children’s debt. Most corporations pay nothing. The middle-class pays more than most wealthy people according to Warren Buffett. We pay total taxes of 32.9%. They pay under 20%. The American system is withering away.

https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

You don’t need a financial industry sales person

I have been in the industry since 1987 and I came to the conclusion that most middle-income families can’t afford to lose up to 63% of their hard-earned savings/investing to the financial industry. From the inside, I saw that most financial clients are wasting their money on the tricks and hype presented by most sales folks. After obtaining all of the licenses from the industry, I can tell you that you don’t need to pay for the biased self-serving advice from the industry. The best and most useful information is available FREE—books and internet provide exactly what you need to be a successful investor and financial services consumer. First, no advisor knows what will happen with a security or the market next. Second, we know the probabilities of investment success by security type. Stocks and low-cost stock mutual funds provide 11% return over time—more than 10 year periods. Third, fast trading hot stocks finish last. Monthly dollar cost averaging provides the best method of investing. Fourth, buy all financial services from direct sellers not salespeople. Get three estimates of costs before you buy anything. Costs matter: https://www.amazon.com/Keep-Simple-Essential-Financial-Life/dp/1492258849

 

 

Have you taught your child how to make tax-FREE money?

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. I have used this 'Wealth Reserve' as I call it to have funds to buy low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a month in retirement supplement. Now your child can build an account that provides tax-FREE retirement income too.

Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracyWe rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Nov 8 2022 Trump’s “national revolution

 

 

Another terrorist pleads guilty

 

Terrorist ‘follower’ found guilty

 

Terrorist ‘lawman’ guilty

 

Junior’s ‘plan’ to overthrow government: ‘We control them all’

 

 

 

How Govt wastes our money:

Justice wasting time on Trump’s stolen docs not on his attempted overthrow of gov?

TX charges woman with homicide but there is no Homo sapien dead: corpus delicti

Secret Service easily duped with gifts and fake badges: we pay a lot for un-security

 

19 GOP states prohibit prescribing abortion pills by telehealth or sending them by mail.

Yelp joins Citigroup in covering expenses for employees travel for abortion services

Drug pusher industry regulates the regulators: drug profits over drug safety: Oxy for all

 

FL GOP locks in future wins with new district maps: Dems lose

Fake transactions to fraudulently evade $61 million in taxes: IRS never catches wealthy

We are making new nuclear warheads despite having enough to kill Earth 10 times over

 

SCAMS/SPINS:

Sacramento killing automatic switch can fire hundreds of rounds per minute: no chance to defend

Every day in Americamore than 40 children lose a parent to shootings: Wyatt Earp right

 

More boomers are retiring to the streets, living in cars: rents rise 33%, health goes first

Future of planet Earth is up to business to clean up its mess: they keep most tax money

Business unlimited election spending puts their Reps in gov positions, make laws, regs

 

990,000 dead: bring mask and test again: party spreader: third cause of death in US

Scam: voice clone to make you pay for your ‘kidnapped’ family

Gift card scam: Walmart helped victims claim return of $4 million

 

‘Zuck bucks’ virtual coins for Facebook and Instagram users helps Zuckerberg get richer

Car dealers gotten in price inflation spirit: how much more can they take advantage?

Car makers lost way: Not A to B: entertainment systems, tech centers, home offices, digital firms

 

Roger Ng, Goldman Sachs caught violate anti-bribery launder money laws: jail.

Robert David Jr, Morgan Stanley caught inflating client assets to trade w/o permission

John Winslow Edward Jones caught stealing money to buy gold: defrocked

 

NYC AG lets Trump slide: investigators have ‘crime evidence’: tax evasion mobster Al

Trump vows to release the terrorists if he takes over government again

GOP tries to rewrite US history of brutal slavery: Putin would be proud

Trump enforcer Mark Meadows caught: GOP voter fraud: lie about home: No Jail

Trump’s GOP will no longer debate for prez: too hard: moving ‘debate’ to Fox/RTN?

 

cryptocurrency scams promise huge gains: you missed them already $5,000 Mar 20, 2020

Retirees suspicious of using 401k balances to buy lifetime guaranteed income annuity

Fuel oil to heat home costs $5.25 but $3.77 for car gas yet costs less to make: ripped off

 

Hitting Putin: $800 million worth helicopters and howitzer artillery challenge next

Putin kills 50 women & children waiting to leave Kramatorsk: he left his dud missile

Russia headed for historic default on foreign debt: rubles don’t buy what they used to

Putin may not be able to stop himself: he is the only one: only force can stop him?

Pence Says He 'Stood Toe to Toe' With Vladimir Putin: like Bush ‘sees into soul’?

Even tiny Luxembourg supplies antitank weapons/jeeps: Estonia giving $240 million

Another big Russian boat seized: This one $735 mil could buy many tanks

 

Jobs

NYC subway cameras out during shooting of 10 in Brooklyn: hire camera repair teams

275,000 new hires in one TX area: child hunger still a problem there

 

Who owns your account now?

NJ gas price falls to $3.97 from $4.09 in 2 weeks

Buying used: check the VIN number on SaferCar.gov Note recalls, problems not fixed

Teen “persistent feelings of sadness or hopelessness” up from 26% in 2009 to 44% 2021

We are still trying to hail aliens with messages in Norwegian, geometry and funky music

 

Miracles:

Scientists turn back the clock 30 years for human skin cells: no more wrinkles!

47 Senators don’t support American promise: 53 to 47 first Black woman Supreme.

Kyiv comes back to life: triumph and sadness: it’s different 3 million left

 

 

Everything in the universe from sun to stones is made of subatomic ‘vibrations’

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

Mass–energy equivalence: E=mc^2   Everything at smallest level is moving!

 

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

973.746.2014

www.InsuranceAdvisorsNetwork.com

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