Using your tax
refund to build a tax-FREE retirement fund
What do you do with
your refund? Most people pay bills they had put off already. They don’t have a
choice. The car or home needs fixing and the IRS money is there. The average
refund is $3,000 or so. That is your money that you we forcibly saved from
each paycheck. A lot of folks need help saving money and that is a way to do
it. You made an interest free loan to the spendthrifts in
Prepare now: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
IRAs can be a
life-saver in retirement
401k deferred
taxation is great but you can make your retirement tax-FREE. There are two: Roth
and traditional. Each has its own benefits. The Roth allows you to contribute
money you already paid tax on so that later you can take the money and its
possible enormous capital gains out completely tax FREE. Some wealthy people
did this and avoid
estate tax and tax on surviving spouse income. Most folks can use one or
the other forms for income depending on their current income tax situation. You
can make contributions forever as long as you have income—self-employment, part
time, whatever. You never have to take distributions from a Roth—a great estate
planning tool. You may use either IRA for a credit against your income. IRAs
allow you to do your taxes first and then decide to contribute to the one that
allows a possible tax deduction—by the April 15 deadline to file. Married
couples who file a joint tax return can contribute to an IRA for each
spouse even if only one person works. A Roth is a great substitute for
funding a college education since there are no 529 college plan rules to
follow.
https://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236
GOP vision of
Children’s education
reduced to DeSantos Conservative ideology
WV bans
health care for transgender minors
FL wants to ban
the Democratic Party as revenge for toppling Confederate monuments
FL DeSantis will
have a veto-proof
majority in both chambers: junta installed
Kids Carry
concealed weapons without a permit back to 18
Block programs on diversity,
equity and inclusion, and critical race theory.
TX takes over
Death sentence without
a unanimous jury.
Easy to sue
journalists you don’t like
Further restrict abortions. TX man sues 3 women for helping his ex-wife obtain abortion
SC Republicans
want the death penalty for mothers after abortion
Trump: military to ‘stop’
crime: martial
law replaces civilian control of cities: dictator
Couples with 10 kids
would have their property
taxes cancelled under TX law
Catholic group spent
millions to track gay priests: Russia
or America?
30 GOP states limit
public health authority: next
pandemic wipes out million+?
AR Gov bans
child sex talk and child labor law limits: roll back child
labor protections
Child abuse?: kids
under 16 can marry in
GOP
repeals long-standing environmental rules: business to take ‘Freedom’ hand
FL
Gov raises private army: 150,000
“brownshirts”, answer
only to DeSantos
Pence: “History
holds Trump accountable” but ‘I won’t help jail him NOW’: 3rd
Rail?
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
My reading list
After learning how
Wall Street really worked, I found
how to reach my portfolio goals without having to give the firms the earnings
from MY money. Some analyst who don’t work for a firm estimate that the firms
for profit take about 50% of my earnings over a lifetime of investing through an
advisor, broker, or a ‘fiduciariary’. They get paid even if they are wrong.
After reading a few books about investing, I learned I can keep ALL my
earnings. (I do pay for this company to hold my securities and calculate taxes
for me. Thanks to John Bogle, it costs me just 0.04% of my balance, not
the 1.20%-2.00% of a balance at a brokerage annually. That is $200 of my
$500,000 not up to $10,000 that others take from a $500,000 portfolio each
year. I
can let compound interest do its miracle on my money so I have enough after
40 years of contributions to my tax-deferred and taxable accounts. Compounding
is Buffett’s little secret. I
can earn 11% not 3.79% each year on average over time. Stock
pickers can’t beat the 500 top company returns over time because they cost
too much.
Set yourself free of
fees: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072
Avoid Tax on IRA contributions
To
avoid the 6% tax on excess contributions, you must withdraw: the
excess contributions from your IRA by the due date of your individual income tax
return (including extensions) and any income earned on the excess contribution.
Avoid the early
withdrawal penalty: If you take money out of your IRA before the age of 59½,
you might pay income taxes on the money plus an additional 10% penalty.
Avoid the penalty if
there is an immediate and heavy financial need, and limited to the amount
necessary to satisfy that financial need: The rules
are complicated so seek help. Avoid taxes on failure to take your RMD on
time: If you don’t take any distributions, or if the distributions are not
large enough, you may have to pay
a 50% excise tax on the amount not distributed as required.
Avoid the HSA
contribution penalty for Medicare recipients: you should make your last HSA
contribution in the month before you turn 65. That way, you can
avoid a penalty. It’s also possible to avoid a penalty if you make your
last HSA contribution in the month before you turn 65 if you sign up within two
months after your initial enrollment period ends.
https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
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
Is “swing pricing”
of mutual funds helpful to you?
Financial industry
leaders are staunchly opposed to a new SEC regulator’s proposal that would
implement "swing pricing." It is "a mechanism that's designed to
pass
on the costs of coming into or out of a mutual fund … to the shareholder that
is doing the activity." If you are a saver for retirement you should
NOT have to pay for people who buy and sell fund shares regularly. This activity
puts the costs on you even though you did nothing. The redeeming shareholders
bear the costs of transactions, rather than diluting other shareholders’ values.
The industry fears that larger institutions will not be able to transact
last-minute trading before
Save the Buffett
way: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
?**********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
Trump still terrorizing
election woman
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
January
6, 2021 “A
date which will live in infamy”
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:
12
Tax Changes in Biden’s $7T Budget
Tax credits &
deductions for 2022 returns: Get yours while
they last!
Spending cuts:
right-wing GOP
needs to OK debt increase: Defence $ flat
We bail
out the Silicon Valley “bad bets” It was failed
speculation that killed banks
CEO
of SVB convinced Trump to lower the regulation limits on bank: “low risk”
assets
Surprise: wealthy
speculators have always paid their way around regulators: ‘regulatory
capture’
Bill
Repeals Trump-Era Rollback of Dodd-Frank: Congress was warned by OMBudget
The goal in business:‘privatize
profits and socialize losses’: regulators
(we) working out
SVB buyers offered “loss-sharing
agreements” (we take LOSSES) to finance buyout
IRS
sent only 10 tax cheats to jail last
year: obvious Ponzi and careless lawyers: little fish
Ten
Ways Billionaires Avoid Taxes on an Epic Scale
Fed inflation target 2% absurd: costs jobs:
long-term inflation avg is 3.29% (1914 - 2023)
SCAMS/SPINS:
Lindsey
says we should shoot down Russian fighter jets for killing our drone
Tucker Fox’s
propaganda outlet for DeSantis now: Trump liars now BS for FL Leader
DeSantis says prevented ‘Faucian dystopia’: proves he
controls Floridians: 87000 died
TX
conservative to become US drug regulator: he cancel drugs all Americans
rely on
Honda recalls 500,000
vehicles to fix no latching seat belt: 2017 - 2020 models
Yeti
recalls 1.9 million coolers and gear cases: magnets detached from them
Dorel
Juvenile recalls Safety 1st, Maxi-Cosi, Mico XP car seats.
Insurers
slashed Hurricane Ian payouts far below damage estimates
Study shows DeSantos’
control over vaccines is bad public health
WellsFargo
lost customer direct deposits: one went in, then out, then $1200 missing
31%
new cars above sticker price: Wrangler, Wrangler Unlimited, RX 350h, CT5
Scammers using artificial intelligence to sound
like family members: money theft
SCAM: Life insurers raised
premiums to improve results as their investment income fell.
Lenders caught Unfair
Billing and Collection Practices After Bankruptcy Discharges
Chinese billionaire and Steve
Bannon involved in scam: Guo arrested
Odometer
Tampering on Used Cars Is Higher: a 3.5 % chance that odometer messed with
Plan to slash
credit card late fees could affect you
Exxon violating Clean Air Act and ignores fines: It
profits; we eat the pollution
Silicon
Valley Bank fails: client companies seek out alternate financing to
keep going
Owning
company stock in your 401k can be dangerous: 10% is best limit
Pentagon
stops charging Russia with war crimes in Ukraine
Jobs
Who owns your account now?
Most Americans have regrets about moving: ‘new is too small’
Housing
Affordability Is Now at 'the Lowest Level in History'
Vinyl records outsell CDs for the first time since 1987
Highway deaths up 22%: smart
phone distraction major reason
Miracles:
Nasal
spray to treat migraine headaches
Teenager's
Project: Detects Deepfake Vids better than best commercially
Physics: throw and catch
individual atoms using light: fix quantum computer?
Urine test can help predict
onset of bladder cancer years before symptoms
Psychological
‘Vaccine’ against Misinformation: showing how manipulation works
@
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.
Gold
made from neutron stars: collisions produce more neutrons:79 protons,118
neutrons
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
starts-with-a-bang/universe-expansion-not-accelerating/
@
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
http://www.theinsidersguides.com/
Alerts available
at http://dankeppel.blogspot.com/
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