Start your
child/grandchild’s tax-FREE account now: stocks are cheap
It is Time and not advisor
stock picks that can give them a $250,000 or $500,000 retirement fund. If you
start their account now—even with just $100—the account can grow to a large
amount in time for their retirement spending without any taxes. This means that
they may not need to pay taxes on pensions and social security benefits. How?
You open a tax-FREE account at a low-cost mutual fund and have your bank
contribute $100, $200, $300 a month automatically. In 27 years they could have
$500,000. If you begin earlier, that tax-FREE
account could exceed $1 million in 34 years. Without commissions or fees,
that account can grow at 11%
per year on average. Without fees or taxes, compounding a stock index fund keeps
their account from losing 63% of the possible accumulation over time. Investors
are moving to low-cost from high-cost funds.
Give them a leg up
in the New Year. https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355
Are bank savings
rates of 3.3% really how to grow your wealth?
Is a bank’s promise
to provide you with wealth in a savings account right for you?
“Grow your long-term wealth with
these record-breaking savings rates.” This promo rate of 3.3% will NOT bring
wealth. First, the rate is not guaranteed for the 60+ years it would take to
reach $567,290 contributing $3,000 a year. Second, it
would take 80 to reach $1 million before taxes. If you double the deposit
$6,000, it still takes 60 years to reach a common “wealth” benchmark. Third, in
30 years, inflation would reduce the value of $567,290 to $283,645. Since this
is not a tax-FREE account, taxes may take 12%. This offer is not right for
anyone who has plans for retirement. With the inflation rate
at over 7%, any deposit would be losing HALF its value each year. To
“grow your long-term wealth” you need to earn returns of the average
stock market index of 11% over time. You will not find a financial advisor
or mutual fund that can average 11% over time. Their costs make you
give up 63% of your possible accumulation. Even in a market correction year
of 2022, not
one financial “professional” was able to beat the market in the last five years.
Take the advice of someone who knows how to grow wealth.
https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Why your 401k pension projection statement is all wrong!
Your IRA and 401k statements now claim they forecast your “future income:” Except they can’t. The projections from an insurance company about the future value of your account, interest rates, assumed date of death, and monthly incomes are worthless. The government was pushed to use a simple annuity by the insurance industry. Insurers are banking (literally) on us falling for this catastrophe. First, no one empties their whole pension into an annuity the year they retire. Second, insurers will low-ball your income because they estimate paying everyone for life. But they don’t know when you die—they use the average for all. Third, when you give them all your pension money, you don’t know what the interest rate will be or how sound the insurer is. Fourth, if you have a short life, your family loses all. Fifth, the amount per month will be worth less than HALF since inflation takes 50% or more in 20-25 years. Your Social Security benefits provide income and are increased with inflation. Sixth, insurers are using the current value of your account. Anyone who is at least 5 years from retirement will have a larger account and so the projected income will be wrong. Eighth, if you need your money for an emergency you must pay a surrender charge of up to 20% to get it. Ninth, if you have your account invested in stocks for accumulation, you may not like giving up 8-9% return for 30 years in retirement. You will have a lot less to live on. You might have to go back to work. Tenth, you have a lot better ways to receive more income per month than an insurance company product. Maintaining a balanced portfolio for 30 years is actually safer than buying a fixed monthly income that may lose value from day one.
Check alternatives: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573
Looking for advice for managing money next year?
Looking for solid experienced insights for the future? Here are a few paid analysts’ opinions. Bloomberg readers declare Bull. History has proved that anyone can guess the future but few are correct. The rub is that you won’t know until it is over and we can’t yet travel back in time. An unbiased advisor will not play games with you and admit no one knows. A better strategy is to buy and hold a balanced portfolio for all markets. Most of my readers did not lose with crypto collapse. They’re overall portfolio value was down 5-10%. However they did not sell so they have not lost a penny. Those heavily leaning into Tech are waiting for the rebound from lower values. Historically, an account that holds a low-cost market index exceeds the returns of a “managed” account. In fact, not one management firm’s fund beat the index in the last 5 years. Why are people so surprised when advisors move money around (commissions and capital losses) and we end up with less. Just 10 days can reduce our return from nearly 11% to 5%; just 20 days can reduce our return to 1.59%.
Avoid their advice: https://www.amazon.com/Win-Investment-War-Earn-11/dp/1522916369
How did our grandparents afford to retire?
They did not make a lot. They did not have tax-deferred savings/investing plans. They did not have low-cost stock market index funds. Most did not use a broker or advisor. Most had no credit facility to buy stuff on time. And yet they saved even during the 1930s Depression when 20% were unemployed. Banks and Wall Street failed. Most people did not have a business and farmers were especially hard hit. Yet my parents were able to buy a house and have enough savings to live comfortably. They had Social Security (initiated 1935) which they paid into all their lives. They bought used cars and furniture. They had kids who they helped pay for college. They spend less than they made from two full-time jobs. They vacationed seeing many parts of the National Parks and camped a lot. The most important financial decision they made was to save and invest steadily in ordinary financial products.
Get your grandkids started: https://www.amazon.com/Where-can-your-child-invest/dp/1492164240
How Trump got away without paying his fair share of taxes
$32.4 million Trump's reported loss in 2016, his biggest negative year.
4.1%The highest effective tax rate
“Trump claimed tens of millions of dollars in losses and
credits without the type of substantiation an ordinary taxpayer would likely
provide.” Trump’s real estate ventures and other businesses
consistently lost money and were written down as losses, and that most of
his actual income was coming through interest earned on his investments. For
2020, Trump made more than $10.6 million in taxable interest. The same year, he
reported a $15 million loss from his rental real estate properties
and other ventures structured as S-corporations, partnerships and similar
pass-through entities. Tax
bill $0.
His total income for that year was a $4.7 million loss. The
IRS has a mandatory audit program for sitting presidents, but didn’t audit
Trump until more than two years after he assumed the presidency. Trump was
selected for examination by the IRS on
Only 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
The
Path to Dictatorship: 2010-2030
Parallels of this era in the past
may hint at our future: democracy breaks apart legally
Billionaires
paid $881 million for votes in 2022
midterm elections
Nov 2020 Wealthy
discredit election process
Jan
6 2021 Direct
assault failed: guns
& bombs ready
Trump
engaged in a "criminal
conspiracy" to stop Biden
“I
don’t f—ing care that they have weapons”
Trump was “detached
from reality”
Trump
used mafia-style intimidation on the defenseless
Parscale: “a
sitting president asking for civil war.”
Trump:
“Just
say the election was corrupt and leave the rest to me”
GOP fascism: “RINO
hunt armed; no bagging limit” J6
comm threat
Trump’s Supremes END
personal rights & state
laws except for weapons
WMDs
Fascism: GOP
to stop women leaving state for abortion
It’s
not a court. It’s a junta: Two Americas
Trump: President
Biden is 'enemy of the state'
Christian
Nationalist Party (CNP) replaces
GOP
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
Inflation
blamed on wages but real cause is Trump’s tax cuts: more money chases goods
Military
spending surges, creating new boom for arms makers and arms dealers: Putin
More support for
fossil fuels: expand
the production of oil and gas: lobbyists pay Reps
Trump’s
accounting tricks so he deducts $32.4 million: pays only 4.1% tax rate
Will
Don be going to jail:
“The entire
nation knows who is responsible for that day,” First prez indicted for coup
Trump
bars the IRS from auditing his taxes during time in office: pays no taxes
for years
Can a provocateur
who tried to overthrow the government be elected president?
OR judge
stops voter choice to ban high-capacity mags that kill masses in seconds:
WMD
TX
young adults may soon be allowed to carry handguns in public: street wars
are OK
texas-senate-committee-calls-for-ban-on-mask-and-covid-vaccine-mandates/
SCAMS/SPINS:
Congressional Ethics investigate” members linked
to Capitol riot: plotted various prongs
If
Trump had not spoken Jan 6, would the terrorists have tried to overthrow
government?
Mob
boss convinced his lieutenants to take the 5th under
questioning: offer can’t refuse
One aide defied boss threat and testified: “reckless and unhinged”
incited mob to attack
GOP elected Rep on fake
biography: Trump-style Big Con: money
buys elections
BEWARE: Debit
card scams take your money without recourse: credit card reimburses
Fake gift cards: wrong
benefit purchased
‘Fortnite’ maker caught
privacy violation/unwanted charges: $520 million fine, no jail
Harvey Weinstein caught
rape, sexual act: 90 women claimed: prison
Amazon Fraud Protection Department scam: “a
suspicious order, press 1 for rep” DON’T
Liberty Mutual caught
saving “what we searched for, what we looked at, info inputted”
State Farm’s caught
claims handling disparities Black and white policyholders
Wells Fargo caught
car loans, mortgages and bank accounts fees: fined $3.7 billion
Tesla auto drive braked
unexpectedly triggered 8-car pileup 9 treated for injuries
Tesla automated driving system use in 2 crashes: hits
Patrol car with lights flashing
Tesla offering $7,500
discounts on Model 3 and Model Y electric vehicles this month
Servicio UniTeller caught
overcharging, fraud, misrepresenting: fine no jail
Andrew Fuller caught
fraud/money laundering: promote wines raising funds speculate.
Gannet
CEO gets $8 million by laying off hundreds of staff and closing local
papers
Conspiratorial thinking is undermining
democracy, and what we can do about it
Sean
Hannity admits he spread Big Lie: 2 years of misinformation: Trump
really lost
FTX caught
depositing 8 billion dollars of customer money into secret accounts: jail?
“Trump claimed $millions losses
without substantiation taxpayer would likely provide.”
“With
over 400 entities Form 1040, it is not possible to examine all potential issues.”
IRS
Jobs
Average lowest wage that workers with a college degree expect for a salary is $92,000.
Average lowest wage that workers with no college degree expect for a salary is $60,000.
Fake
job postings are stealing applicants’ money and identities
Who owns your account now?
Used car prices
leveling: Ask
before signing: rust, mold, align, struts, brakes, recalls?
Best Online Will Maker: most estates are not worth
paying lawyers $ thousands
Half of older renters pay more than 30% of income: median rent $2002
Miracles:
unprecedented
shortages to farms and cities:
vegan
faux gras or foie gras liver of abused duck
life
expectancy for Americans has dropped again, to 76.4 years
New
monoclonal antibody for hospitalized COVID-19 patients: severe covid
patients
Pope
sees ‘elegant demon’ in his staff: holier-than-thou way is the devil: hubris
@
Our Universe is Mind-Blowing
Light is both
a particle and a wave depending on how we look at the light.
I
don’t think that there is any such thing as a position or a velocity of a
particle.
Everything (galaxies
to stones) in universe made of subatomic
energy ‘vibrations’
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 a little
Energy into matter: scientists
converted light energy directly into matter in one step
Physics Nobel Prize:
“entanglement” 2
particles share info instantly at a distance
“It may be that gravity and quantum mechanics are
exactly the same thing,” Leonard Susskind
Gravity
might induce the collapse of quantum vibrations into 1 quantum state—our
world
There is no TIME at this
level because of force fields come and go in all directions.
Universe expanding: events
may not come together like they did before.
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.
The electricity we use comes
from the field around the wire not from election itself.
Scientists
build 'baby' wormhole as sci-fi moves closer to fact: inside quantum
computer
@
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/
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