Where is your refund
and Where is it going?
Where is my
refund? Are you spending it, paying bills with it, or building your
$500,000 retirement fund with it? I work as an AARP volunteer tax preparer and
I never get the last answer option when I ask. However, our tax refunds are
really just forced savings that pay no interest. I explain to some younger
filers that they could be creating a retirement fund of HALF a million dollars
automatically. I don’t know if they ever actually carry out this option. It is
some younger folk’s strategy because it is so easy to accomplish with no pain
especially if their employer provides no tax-advantaged plan (401k). I explain:
when you get your refund, immediately send it to the mutual fund custodian. Custodians,
which may include banks,
trust companies, or any other entity approved by the IRS to act as an IRA
custodian, keep your money safe. Your
can contribute up to $6,500 in 2023. Each year you can add more plus that
year’s earnings and grow tax-Free unlike a savings account. Then you pay tax on
the portion of income you take out annually in retirement. Or you can choose to
skip the tax deduction each year now and receive ALL of your $501,738 with NO
income taxes in retirement. Invest $3,000 a year for 27 years ($81,000 total)
and double your money every 7-8 years on average. All this can be done
automatically with the custodian.
https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
Investors not
speculators learn to look at returns over
time
Investors realize
that it is time in the market not market-timing that will make them rich. The
stock market is the safest place
for their money. A Money Market fund
earns about 4% but after inflation of 4.98%,
you’re losing money. Compare the returns of the S&P 500 over the last few
months, 1 year returns and 5 year returns: 8.64% year to date, -5.78% past year,
54.96% past 5 years. Since 1983, your money in a low-cost index fund has
provided outstanding returns of 2,479.25%. For those who misunderstand how real
economy investments grow, millions have jerked their money out of the market
and into fixed rate products that can only provide lower returns. Investing Master
Warren
Buffett says never bet against America. His example proves that it is easy
to become rich. His advice: buy and hold the low-cost (0.04%) S&P
500 index not the fads that come and go. Since 1871, the index returned
about 11% per year.
Your money doubles
every 7-8 years: https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900
Inflation will
always be with us
Right now our response
to the impact of continuing inflation on everyday expenses stops many COLD.
According to a recent
study, 67% of us are nervous about investing but don’t want to miss out on
a recovery; 54% have stopped or reduced retirement savings due to inflation;
and 75% are worried the rising cost of living will affect their retirement
plans. Unfortunately our response to inflation is to withdraw dollars to invest
and save them for current higher prices. This makes sense to many who don’t
realize they are giving up on the BEST time to invest. Prices of many stocks
are down which is the best time to buy. The average rate of inflation
over history is about 3%. The average rate of return
over history is 11%. This means that unless you are saving for a car or
house, your money for any purpose to happen in more than 5 years needs to be in
a low-cost stock index fund. You pay less and earn more to overcome inflation.
Few investments can do that. Not
bank CDs, gold, real estate, commodities, or so-called alternatives. Some
folks fear the volatility in the market (talk of recession, higher rates, etc)
so they don’t realize that no one knows when the market grows. Picking stocks
is a fool’s errand. For those of us who realize that 11% earnings is better
than 6% inflation, we have already been rewarded by staying in the market for
the long term. The index is already up 8.64% year to date. Avoid the noise:
sellers of products will always make them sound easy, more rewarding, and surer
of high returns. They must us BS to make a living.
https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268
Get started on your
first $1,000,000
Self-made
millionaires start small. You need a little seed money to see if your idea
works. I started my biz on $1000 and read The Millionaire Next
Door: The Surprising Secrets of
Save on products you buy: https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X
Graduation gift that lasts a lifetime
Show your teen the easy way to be secure: a $ million tax-FREE funds. 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 about $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 education and retirement income too. Market provides 11% a year over time: double your money every 7-8 years.
Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355
New regulation Reg
BI is worthless since broker/advisor decides
Reg BI was supposed
to have the sales person “evaluate other investments and investment types
before making a recommendation.” But most sellers can only sell the most
profitable products that the FIRM has chosen. Thus we don’t get the Best
Interest for us we get Best Investment for the firm. Most sellers have monthly
goals so after picking the product they back fill with their biased
evaluations. BI was supposed the take into account all our risks and profile
goals as “care
obligations” for our benefit: So why all the customer
complaints? In fact the first BI violation of the SEC was for “recommending
and selling a high-risk debt security to retail investors and retirees.” We
only have one alternative: ask questions, know what you are buying: upsides
& downsides. Hey, it’s your money!
https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545
?**********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
Apr 9 Illustrated
Anne Frank book removed by Florida school
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
Congress protects
defective guns: P320
pistols shoot anytime: gov can’t recall bad guns
Why
are we killing our kids? Firearms are the Leading Cause of Death for
Children
GOP
crazy: SD gov: her 2-year-old
grandchild has several guns: “soon will need them”
We purchased 60
million guns during the pandemic: twice the level of 15 or 20 years ago
4 killed: 15 teens
shot at a Sweet
16 birthday party: Can America outgrow gun fantasy?
White
shoots Black teen for knocking on wrong door picking up siblings: fear hate
bigot?
2 killed; 4 shot in
Louisville park: crowd just standing there: shooter got away
2 killed: 5 shot in
Honolulu event: guns over disagreement
1 killed:
4 killed:
2 TX teens shot: got
into the wrong car mistaken for their ride: shot first.
TN
shootings push GOP to protect guns and makers from any
liability/responsibility
NC
man shot 6 year old & parents: her ball rolled in his yard: he ran but
caught in FL
I
can shoot you if you just turn around in MY
driveway: “stand
your ground”
Navy
wastes $200 Billion on submarines it barely uses: both parties scared to
object
GOP
budget cuts everything except military spending and Vet Affairs
Wealthy
DeSantis plan: 2 million
FL
citizens will lose Medicaid over the next year: ER is option
DEA gives $4.7 M contracts
and jobs to personal friends & associates: looks corrupt
SCAMS/SPINS:
DeSantis anti
education laws worry students about FL degree recognition
FL allows the death
penalty without a unanimous jury recommendation
Pence
calls for quick execution of mass shooters: most already get killed in
action
Another
judge misrepresents his views in order to get approved for controversial
court
FL
can arrest you if you even mention ‘gay’ in a school, let alone try to give
medical help
Fox paid: no
accountability by senior management: lies profitable; propaganda flows
Instead of just lies/propaganda from right: Fox could offer left—right
debate on topics
Fox offers Fox 2^: twice the misconceptions, lies, exotic theories: give them
what want
Fox gets huge deduction (we
pay Fox co taxes) up to HALF settlement to Dominion
Most
common scams that can sneak up on you
Scam at home: “They were looking
for a purchasing person” and stole $100,000 goods
Scams even in sports videos: James
made to look bad ?
Amazon may charge for returns to UPS stores:
alternatives: Whole foods, Kohls, others
Taylor
Swift avoided the FTX scam unlike other celebs who are now sued: she asked
1 q
Betterment Robo advisor caught failed
in complete tax-loss harvesting service
Wealthy
don’t need to work: can enjoy living 13-14 years
longer than poor who need to work
Wealthy
contributors make the political system work for them: our votes mean less
$15 billions
IA GOP voted to allow children to work longer hours and serve alcohol: child
abuse legal
Watch out: Musk says Tesla likely to launch
full self-drive technology
10 Car Models with the Most
Recalls
Jobs
Any 21 year old cable
guy can steal the most current
AI Job that pays well —and You Don't Need a
Computer Engineering Background
While education programs have fewer students for classes, trade programs are thriving.
Landing
a Job With a 4-Day Workweek: 4-day
Work Week
Who owns your account now?
Own a Ford F-series? You are a member of the largest social class in America
EV long drive shows what you give up to be cool: charging is wasted time
Get a
good car deal: research, know your numbers, know what you want before
Quick easy way to get an extension is through IRS Free File on IRS.gov.
Even if you can’t pay Thursday you should file: you will face possible penalties.
65 + years or immunocompromised to receive a second updated booster shot
Kia and Hyundai cars too easy to steal: recall?
Miracles:
A whole countries’ prescription
drugs will be issued by one man who is not a doctor
RI
size iceberg located off the Antarctic coast has started to drift
into the Southern Ocean
Book-banners
back bench book-banners bookshelf bans
Blood test may predict
the start of Alzheimer's disease ten years in advance.
New RSV vaccine starts protecting
over 80 percent of babies before they’re born
Electricity can heal
even the worst kind of wounds
three times faster
King Charles lives
on millions of pounds of rents
and farm subsidies in
Reading
reduces your stress: like yoga and walking, reading can help
New wearable device sits
in jacket pocket, translating voice into French other language. It answers
your phone and projects it on your hand
@
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
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
Bending light from
extreme gravity reveals largest black hole
so far
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: created our time.
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 electron 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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