How much are you investing for your future?

 

How much are you investing for your future?

Fidelity says: The total first-quarter savings rate — a combination of participant and employer — reached a record 14%, just short of Fidelity’s suggested 15% savings rate. The average salary is about $50,000. During our lifetime, we may earn $2.5-$3 million, depending on raises and years worked. If we invest just 6% ($3,000) in the low-cost stock market index of our 401k or IRA, we could have $2,100,000 for retirement in 40 years. If our employer matches our contribution or our spouse has a similar situation, we could have more. Given the historical rate of inflation, this amount would still allow us to spend retirement income of $45,000 (after inflation) for 30 years. We can now invest in a Tax-FREE account, approved by the IRS. About 78% of 401k plans offer this account. We could spend all $3,750 a month!

Spend Tax-Free Income: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

Actual retirement income $29,000 or less

Recent survey of retirees shows median income of just $29,000 before taxes in 2019, according to the 20th annual Transamerica Retirement Survey of Retirees. Median means half are below that amount: 27% reported an income of less than $25,000. Transamerica found that 46% of retiree households have nonmortgage debt, such as credit card, car loan, student loan or medical obligations. In addition, 23% of households have mortgage debt. Another study shows that 57% of retirees said they had less than $250,000 saved at retirement. This study had participants with incomes of $75,000. Amazingly, thirty-five percent hope to win the lottery, 25% are willing to sacrifice what they want today to save for later years and 25% plan to stay on their current path. Forty-four percent of retirees said their expenses are higher than they had expected, while just 8% said expenses are lower. Most of us will have to work longer than age 65.

https://www.amazon.com/Reset-Your-Retirement-Income-retirement/dp/1512304344

 

Best graduation gift you can give

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. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive at least $2,933 a monthly in a retirement supplement for the rest of our lives. Get them started with VOO in a Tax-Free account at low-cost Vanguard. 

Start their ‘Wealth Reserve’: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

In a recession, follow Buffett’s advice

Warren Buffett has been through a few recessions since investing his paper route money. His advice is not to sell all and run for the hills. Page 6 of his letter to shareholders: “Investors who avoid high and unnecessary costs and simply sit for an extended period with a collection of large, conservatively-financed American businesses will almost certainly do well.” Unless you need your emergency money in the next year, just hold on to your low-cost portfolio of sound businesses and wait. As a group, American firms have provided annual earnings of about 11% since 1871. At 11% through boom and bust, steady investments of $250 a month can produce $1,000,000 in about 33 years. Stocks are cheaper during recessions to you have more; less when they are more expensive.

Don’t lose your head: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

 

In retirement, how much of your nest egg should you spend each month?

According to a new survey, a large share of near-retirees thinks they can safely withdraw 10% or more of their savings annually. This suggests that millions of people may be in for a shock. The average nest egg amount is only $172,000. Given this, a 10% withdrawal rate or $17,000 will end retirement income in 30 years with $3,500 in your final year. There are many factors that determine how much you will NEED in retirement but my readers say that they are spending MORE than they anticipated during their leisure years. Without a formal plan of estimating income and spending, you may be in for a difficult future. One thing each of my readers tells me is that they wish they had invested more aggressively early on. They were mislead by an advisor who did NOT try to match their age to their risk tolerance: stock funds early.  

Manage expectations: https://www.amazon.com/Your-Spending-Plan-insurance-investments/dp/1482723123

 

 

Another way the wealthy hide their assets

Property in Manhattan linked to now-sanctioned Russian billionaire Oleg Deripaska was held using a Delaware LLC. An LLC is a Limited Liability Company. It can be set up with very little information about the owners—another LLC or trust could be the ‘managing member’ on the registration. Financial secrecy in the US, which was called the most complicit country in helping individuals hide wealth this week by the Tax Justice Network, an advocacy group for tax fairness, is finally being challenged by some states. “People are shocked to learn about this loophole in the law that allows purchasers to go undetected,” said New York State Senator Brad Hoylman, a Democrat who sponsored a bill heading to the floor of the legislature. “Certainly, the focus on the international super-rich who have propped up the Putin regime has rekindled interest in the effort.” The invasion of Ukraine has raised concerns from London to New York about how anonymous shell companies complicate tax enforcement. One of the most well-known users of this technique is our former president. Assets and income are hidden in hundreds of LLCs so he pays almost nothing in taxes. His business dealings are kept secret through LLCs. Using shells, he claimed he personally ‘lost’ (on paper) almost a $ Billion, thus reducing his taxes for “almost two decades.”

Rich Avoid; We Pay: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

Are “inflation-protection” securities right for you?
These funds are designed to protect investors from the eroding effect of inflation by investing primarily in securities that seek to provide a “real” return. The funds focus on investments in inflation-protected bonds that are backed by the full faith and credit of the federal government and whose principal is adjusted based on inflation. These funds have moderate to high interest rate risk, meaning that changes in interest rates, both up and down, can affect the fund by resulting in lower bond prices or an eventual decrease in income. Average annual returns have been 5% since 2000 but down 6% year to date. The bonds have 7 year duration so these bonds don’t protect you from changes in value. When interest rates rise, bonds lose value. However, over time you are protected from long periods of high inflation. Owning stocks are another way to protect yourself from inflation in the long run. Consider your time horizon and income needs before buying these fixed rate bonds.

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

 

 

 

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

 

 

Like 1776, this period is a test of democracy—We 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: criminal

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trumpist’s Supremes end personal rights except weapons

 

Nov 8 2022 Trump’s “national revolution”

 

 

 

 

 

How Govt wastes our money:

GOP has wasted its anti-voting efforts: Dems ride the backlash by voting 3X more

 

2^nd Amendment right: body armor not guns for all: guard’s gun got him killed

Federal agents must intervene when they see other law enforcement using excessive force

21 kids teachers die for “freedom” to kill kids with assault guns: we’re crazy to allow it

 

America stops abortion (kill unborn) but allow children to kill children with assault guns

Young adults need the draft not guns: TX allows 18 yr olds to kill: no license; no training

4,357 children & teen gun deaths 2020

 

Subsidies to drug makers allow them to stop making necessary but less profitable drugs

 

Congress knew Abbott stopped making formula in February: Tax breaks not plant repair

Biden promises we will fight China for Taiwan: Dems new get tough stand?

 

senators shrug to 2nd monthly mass shootings and go on vacation: show them dead kids

 

SCAMS/SPINS:

Conservative Christians hide clergy sex abuse just like Catholics: Trump hides crimes too

Catholic tithes and donations mishandled by the Vatican just like US politicians & Trump

 

Trumpist Sen Perdue attacks Stacey: ‘demeaning her own race’: Perdue shows his racism

Trump’s ‘hang Mike Pence’ incitement may have gone too far for Americans: Threats

FL bans ‘social justice’ from social studies: only dream society can exist in FL

 

Getzville NY debt collectors caught using all the illegal tactics known: $2 mil fine, no jail

Surgery bills based on target profits not on actual costs: $303,709 not $1,337 promised

Long-term care policy costs rise: only 50% owners keep paying: some reduce benefits

Nationwide caught overcharging deferred-to-immediate-annuity exchange clients: fine

Michael Francis Shillin caught promising great returns on stocks never bought: fine jail

TradeZero caught stopped trading certain stocks: lied to investors: fine no jail

 

Formula scam: online/private sellers double price since shelves empty

Scammers ask for Zelle money and then your bank says, “It’s your fault.”

Seniors scammed: Congress to pay for investigations/enforcement: it’s about time

Woodland Behavioral Nursing NJ caught ignoring patient care: NJ names receiver

Recall 240,000 Hyundai Cars Explosive Seatbelt Parts: pyrotechnic-type pretensioners 

Abbott kept selling infected formula after found in plant: Abbott didn’t clean

Jif peanut butter recalled potential salmonella contamination

Improve memory with cranberries not unproven ground jellyfish in Prevagen

COVID-19 daily deaths are 305: 1,004,122:

Ukraine war as explained to working Russians: Putin controls the media: Tucker is star

Are you banned from Russia by Putin? Putin favors Trump, McConnell, Tucker

 

Jobs

Best colleges for the money: facts about your choice and your loans

Bank of America raises hourly minimum wage to $22

Apple to increase starting pay for U.S. workers to $22

 

JPMorgan Plans to Hire 1,300 More Advisors Over Next Three Years

Just 8% of Manhattan office workers were on-site five days a week loving home-work

 

Who owns your account now?

Funeral Consumers Alliance helps you plan a funeral you did not want to have to do.

Which BBQ grill is best for you? Consumer Reports tips.

"the average 35-year-old's student debt: 287% greater than value of their original loan"

 

When you disagree with the IRS, you have rights, at least on paper

 

Miracles:

SF Catholic church bans Pelosi for women choice but killed children in native schools

Tucker thanks Hunter Biden: help getting Tucker kid into college: anti Biden just politics

Brits want to try a new (OLD) sovereign: has Charles ever run or managed anything?

2 orders of fish and chips cost 23 Pds ($30) now: fish from Russia

 

Quick Easy test for Covid FREE: https://www.covid.gov/tests

Too easy: 2 year old orders 31 cheeseburgers on DoorDash for $91.58: Next new crib?

A new battery design could last for an entire 100 years:

World’s first double hand transplant for scleroderma

 

 

Police wait: Teen Kills 21 in 40 minutes: classroom door locked police out

US allows assault rifles with 30 rounds sold to children 18

 

Pakistan hits 120°F as climate trends drive spring heatwave: warming kills wheat

 

 

@

Everything in universe: galaxies to stones made of subatomic energy ‘vibrations’

Light is both a particle and a wave depending on how we look at the light.

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

Mass–energy equivalence: E=mc^2.  At the smallest level; Everything is moving!

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

“Empty space is a boiling, bubbling brew of virtual particles that pop in and out of existence in a time scale so short that you can’t even measure them.” Space expanding.

 

 

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/