Make sure your child learns how to invest the
Since it is difficult to predict your child’s future financial success, you can give them a foundation on which to build. The most important lesson of those living in retirement is that starting investing early makes life more secure. Since automatic investing from your checking account makes it easy to invest a small amount each month, begin by having $100-$250 sent to your low-cost mutual fund provider. Low-cost tax-FREE accounts mean you don’t waste your money paying commissions, fees, or taxes. Your kid’s account grows on 100% of your contributions. Investing $100 a month can grow to $1/2 million in 35 years using a 500 Index fund. At $250 a month, they have $400,000 in 25 years. Use a special investment account and they don’t give up 63% of their total accumulations. No income taxes mean they can keep 22% more.
Start here Jan 3: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355
How did you do in 2022?
Hopefully if you pay your advisor/broker to keep you in the pink, you did
better than these top low-cost Vanguard funds. Most of these funds owned by my
readers cost less than 0.25% per year with no commission, purchase, redemption,
or marketing 12b-1 fees. Most of them do not trade so there are no market
timing mistakes. Few if any readers tried to sell before the market drop in
early 2022. They stayed invested so they would not miss the market up tics.
Those who sold out may
miss the quick upturns that can happen in a 10 day lurch.
2022 Total Return Vanguard Fund Long-term Return Longevity
-19.8% 500 Index 10.8%
since 1976
24.0% Energy 9.4% since 1984
-26.4% Extended
Market 10.0%
since 1987
-0.8% Health 15.7%
since 1984
-30.1% International
Growth 10.2%
since 1981
-14.9% PRIMECAP 13.4%
since 1984
-9.5% Small Cap Index 10.6% since 1960
-8.8%
-2.9%
-12.9%
-10.2% Average 11.1%
* *Average Annual Returns as of
Invest like billionaire Warren Buffett. Invest your tax refund for a $1,000,000 retirement fund in 35 years.
https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X/
Stocks on sale: Now is the time to get bargains for the coming years
Tesla stock fell 18% this week alone — and has dropped around 65% in 2022. Despite the craziness, some readers are buying now since Tesla leadership in EV vehicles is established. The other tech stocks are a buy also. The S&P 500 Index stocks are down 20%. This means you can buy all your favorite companies—Apple, MS, GM, GE, ATT, Amgen, Pfizer, J&J—with one contribution at a discount. When would be a better time to buy ALL of them? Warren Buffett: be “fearful when others are greedy, and greedy when others are fearful.” Everyone is selling; now is the time to buy. Consider what happened the last time the stock market lost 20% or more. Usually the market recovers and returns to its norm of 11% per year. Over time, your account of a buy and hold low-cost stock index provides $1 million in 35 years at $250 a month.
The
Finding more cash in 2023: fight recession
Being frugal can be fun. Your goal is to see how much you can save to protect yourself from any emergencies. Shop for less expensive car insurance. We saved after GEICO raised our premium for 2 cars and Umbrella liability by $230. Ask your cable guy to cut out what you have not been using. Do you still need whole life insurance if the kids are gone and you have a retirement fund? Invest your $3,000 tax refund—stocks are on sale—20% off from highs in 2021. Consider using low-cost index funds since your advisor/broker may be costing you up to 63% of your long-term accumulations. Paying 0.04% per year on your $500,000 portfolio instead of 1.5-2% means saving $10,000 a year; over $200,000 over 20 years. Is your mobile phone costing you more than $100 a month? There are less expensive alternatives. Slow cooker carrots, pot roast or meat loaf week’s dinner at $20 total. Instead of buying a new car which loses HALF its value in the first 3 years, find your model in the used car section. Save $250 a month ($3,000 a year) on finance charges.
Save $3,000 a year: https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X
Why everyone should have two IRAs
Even if you have a pension (401k, 403b, DB) at work, you
have more benefits and flexibilities with the IRAs. You can take deductions
on your taxes or take monster gains in retirement tax-FREE. You could take the
contributions for an emergency or starter home or education free of penalty.
You can make contributions without age limit as long as you have income. You
could create a legacy tax-FREE like life insurance or a retirement fund
supplement. You could create an large fund for your non-working spouse. You could earn tax credits for your contributions.
There are no required minimum distributions for one IRA. You can use much
lower-cost mutual funds. Cost
is the best predictor of investment success. You don’t need a will or
probate to pass on your funds to any beneficiary.
Begin Jan 23: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966/
?**********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:
Congress
new funding: some bad news; some good news
Crypto
con man paid gov regulators to “look the other way”: SBF
used Capitalist tool
We lost $4.2
billion unspent FSA funds: $ billions could be wasted by forced
spending
Top
con artist pays $750 on $ millions in income: appoints
crony to IRS: cancels audits
How
we can avoid taxes like the “professional” genius former prez: deduct bad
biz move
SCAMS/SPINS:
Jan 6 committee report: highlights
so you don’t have to read the whole
thing
GOP
rethinks their ban on early and mail-in voting: maybe better to have all
vote
GOP welcomes George Santos: admitted countless
lies about character/career: Trumpist
Trump’s office manager Meadows
burns overthrow gov plot plans 2x week
TX
Granbury ISD banned school library books dealing with sexuality and gender
Scam: Amazon
calls re bad credit card: “give me number again”
Scam: “Hi, how are you?” “You
shouldn’t miss out on crypto profits” you lose all
Scams: payment
apps such as Zelle: bank impersonators already have your ID
Evaluate a Nonprofit Before You Donate: scam
seems good cause
Avoid
Scam cheat sheet: 1 page to dos
Equitable annuity caught
misleading teachers on annuity fees: lied about ALL fees
Hyundai caught
buying parts from AL supplier using slave-wage child labor
Morgan Stanley caught
excess sales charges and fees since 2015: fine no jail
John Matthew Underation caught
lying about his felony: barred for 6 months; fine
Charles Malico caught
churning clients’ small account: barred 6 months; fine
Tesla
stops reporting Autopilot mishaps/accidents: auto
regulator began asking for data
Scam: cough syrup cutting active
ingredients in half: requiring you to take twice as much
2 shot: shooting after a quarrel
in AL Walmart self-checkout line: hate or too many guns?
6,000 children killed or hurt by gunfire in 2022: 6,000
just so we can kill in fast spray
CA institutions face thousands
of childhood sexual abuse claims: church, schools, sports
Jobs
70,000 new staff members over the next five years: financial industry grows
Why the disabled can’t pass the Social Security test for work
10 steps to planning retirement before you retire: spending, SS, health, RMD, pension
10 Jobs Disappearing the
Fastest: automation kills jobs but technicians to fix needed
Automotive
Technician- job post Toyota Universe NJ $150,000
- $180,000 a year
HVAC SERVICE TECHNICIAN
COMMERCIAL/INDUSTRIAL $72.1K - $91.3K
Who owns your account now?
Retirement savings upgrades in new law: save more
IRS is making these changes to account for inflation: gift estate tax triggers 2023
Beware: rule for some backdoor Roth IRAs conversions causes some IRS inquiry
Growing vaccine
hesitancy fuels measles, chickenpox resurgence
Social Security benefits increase and other changes
Miracles:
A first: doctors
treated a baby's
heart defect with injected stem cells
Water
war over Colorado River: will water-hungry veggies become scarce?
IRS waived
50% penalty on missed 2021-22 RMD for inherited retirement accounts
solar-powered
car sets a new world record by traveling 620 miles
@
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.
The proton
is so complicated science still finds new energy entities/forces every
year.
“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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