Friday, July 7, 2023

Where is your long-term money?

 

Where is your long-term money?

S&P 500 hit 16.52% June 30, 2023 may pay returns over the index average of 11% over time. This means your money doubles every 7 years. If we invest $3000 a year we have $1.3 million in 35 years. If you give your money to a broker/advisor, the total costs can erode up to 63% of what you would have had. Unfortunately, most people believe they need a sales person to manage their long-term funds. However, the costs are not always evident so the average managed equity funds earn just 3.79%. Because we give our money to financial services firms, our money provides only $230,436 after 35 years of investing $3,000 each year. Most people are now looking at a less favorable retirement because they overpaid for terrible service. Many folks believe their financial helper kept them from losing big in the markets. Only those who moved to index accounts know they were overpaying for financial advice. They used a fee planner to answer their questions—paying $7,500 fee as needed instead of $1,069,564 in total annual costs. Since advisors doesn’t know which way the market will go,

GO with Warren Buffett’s FREE advice.  

https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Is home insurance hard to find in your area?

CA and FL targeted for fewer underwriters of home insurance. Insurers don’t want the risk of fires, storms and floods. So how do you find coverage? As soon as you receive a non-renewal letter, take note of the date when coverage will end and start searching for an alternative. In high-risk markets where some insurance providers are opting to leave, a special carrier may provide the coverage you need. The policies may be more expensive than those offered by other companies. Many states provide state-backed homeowners insurance, to replace or supplement private coverage. In Florida, it’s called Citizens Property Insurance. In California, it’s the FAIR plan. Louisiana, the Carolinas and other states have similar insurance options. In the case of California’s FAIR plan, these policies can cost more than those of more traditional insurance policies. Well-maintained homes are more attractive to insurers because there’s less risk of a peril like bad weather. The only way to know if you're getting the right coverage and rate is by comparing what each company offers and choosing the one that best fits your needs. Since policies are complicated (even for the lawyers who write them) an independent agent can be helpful. You may reduce the premium by increasing your deductible to an amount you can afford to pay. Some folks use their emergency funds for this purpose.

https://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870/

 

Did you plan for your life expectancy to rise with age?

A significant share of older Americans underestimate how long their retirement is going to last. Most people know that the average American lives to an age between 75 and 80. Less well known, apparently, is that life expectancy rises with age. Confusion over human lifespan complicates the business of planning for retirement, a phase of life for which many Americans are already underprepared. More than two-fifths of baby boomers have no retirement savings, even as the postwar generation enters retirement years, census data show. The median boomer household held $134,000 in retirement savings in 2019, according to a NerdWallet analysis. People approaching retirement wrongly assume that stock market volatility is their biggest financial peril, economist Gal Wettstein said. In fact, the far greater risk is “living so long that your money runs out.” According to an AARP analysis, nearly half of Americans have no access to retirement plans at work, especially at smaller firms with fewer employees. The National Council on Aging offers an Age Well Planner. Many retirees agree: not saving enough, SS benefits too small and extending debt. 

https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

 

Is the auto-IRA retirement plan right for you?

This plan is available in 19 states for private-sector workers. A growing body of evidence shows that the development of these programs is already having a positive effect. Even workers who don't start saving until later in their careers can benefit by delaying the age at which they claim Social Security. According to one study, these auto enrollment offers increase the probability that any given individual in a state works for a company with a retirement plan by roughly 3%, while the probability that the individual participates in some kind of savings arrangement jumps by 33%. Today, some 55 million wage and salary workers between the ages of 18 and 64 lack access to an employer-related payroll deduction plan. Workers without such a plan could use a private-market IRA to save, but few actually do, especially among those of modest means. Claiming SS benefits at age 70 instead of 62 provides almost double the amount per month. Older workers using these auto-IRA plans could bridge the years to the higher SS benefits. Taking early Social Security benefits will just not be enough.

Create your retirement supplemental income: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

 

How will you convert your retirement nest egg into income later?

Most retirees know how to create retirement assets but have no idea how to receive a lifetime income from the assets. Advisors usually talk about an insurance product called an annuity—you pay a lump sum in return for the insured monthly payments. This product is the most expensive method of creating income but provides a guarantee that retirees love. However, besides the high costs (high commission to advisors too), you give up a sizable portion of your premium if you need money in a hurry. Plus most annuities will keep your premium and earnings if you die too early to receive the full account amount. Recently, Congress has given the green light to insurers to sell a plan making an annuity an option for employers to give retirees when they leave. Thus your employer does not have to contend with closing your 401k and 403b accounts. Nor do they have to explain other options for your retirement income.

Consider other options: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

 

1st summer job for your teen?

Teach your kin about the smart way to save and invest—start from their first job. Their life will be greatly enhanced if you show them investing is not gambling or buying the one stock that will make them rich. This is especially true for your female offspring. About a third of women (32.6%) say they never learned about saving for retirement, according to separate research by TIAA and Emily Oster, an author and professor of economics. A disproportionate percentage of the workers laid off recently appear to be women. Investing is a habit that can be automated so they do not have to think and write a check monthly. Most young people want to buy everything else before they even consider investing part of their pay. You have to let them know that it is TIME not timing the markets that wins. Most first time savers are not persuaded by a retirement goal. So you have to make it clear that regular investing of $100 a week will allow them buy a car from their savings/investing account worth about $25,000 in just 4 years.

Every young person needs a car: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

 

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

 

 

Like 1776, this period is a test of democracyWe 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

 

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

Billionaires paid $881 million for votes in 2022 midterm elections

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

Jan 6 2021 Direct govt overthrow 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 limitJ6 comm threat

 

January 6, 2021A 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

 

Nov 8 2022 Trump’s “national revolution” failed

 

Nov 15 2022 Trump announces for 2024 to avoid lawsuits

 

Dec 3 2022 Trump: cancel Constitution rules so ‘I win

 

Mar 11 2023 Pence straddles his place in history

 

Mar 31 2023 Trump indicted misusing election money

 

Apr 7 2023 One GOP guy decided which drugs we can use

 

Apr 9 Illustrated Anne Frank book removed by Florida school

 

Apr 21 Trump: “I am your justice

 

May 9 Trump guilty of sexual abuse

 

Jun 8 Trump indicted by the United States of America

Violation of the Espionage Act

Conspiracy to obstruct justice

Making false statements 

 

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

We’re Building Things Based on a Climate We No Longer Live In

NASA's plan to return samples from the surface of Mars cost an estimated $9 billion.

Tax rates change July 1 in some states

Both parties prefer gridlock because both believe it reduces risk of losing next election.”

 

SCAMS/SPINS:

Leonard Leo a conservative spent $1.6-billion via a nonprofit to sway Trump’s Supremes

Trump’s Supreme Thomas “affirmative action ‘critical’”; “race-conscious” admissions fail 

If religious belief allows 1 owner to discriminate, laws are negated by religious choice

 

Scam using IRS letter: notice “in relation to your unclaimed refund” asks photo ID

Anthony Liddle WI caught $1.9M Ponzi Scheme: fake reports of low-risk investments

Hightower Securities caught alleged violations of rules in selling alternative investments

David Ray Barnes TX caught selling unsuitable energy, real estate, financial securities

 

Trump-appointed judge’s ends coordination between gov and social media companies

Trump indictment (sharing national secrets) helped him raise $35 million for ‘24

 

GOP faked designer complainants in Supremes’ case religion backs mass discrimination

 

School guard with gun need not keep kids safe if afraid: didn’t enter to look for gunman

2 dead 28 shot MD street block party; shooter left

4 students killed DC school

3 dead 31 shot in IL; shooter drove off

 

5 dead 2 kids injured PA:  50 rounds from man in vest; now arrested

3 dead 11 shot TX “large crowd gathering" in the parking lot

9 Shot, wounded in Washington, D.C.: SUV seen driving away

 

Is nation where bullets fly at schools, parties, parades really free?

 

DeSantis takes over landlord-tenant relationships and agreements: rents run by state

Judge blocks DeSantis’ election law as unconstitutional

 

Homebuying Myths: what NOT to do

 

Many online product reviews are fake: take account of all reviews

Multivitamin daily does nothing for long-term memory

Aspartame can cause cancer: diet drinks need new subsitute

 

Oregon's ‘Live’ 95.5 uses a cloned human voice to host segments: end of human world

Delaware Giving Companies Right To Vote Raises Legal Questions: why bother voting?

 

Maternal mortality rates more than doubled: 1999 and 2019

 

Jobs

Happiest Jobs of 2023: Top 5 Most Fulfilling Careers

Part-time money flipping items you know value of

Over the past 15 years, nonprofit employment has grown 33 percent

 

Minimum wage $7.25 (2009) would be $10.24 if adjusted for inflation: we are losing

For the 1st time, Black workers just as likely as Whites to have jobs

 

Who owns your account now?

File your 2019 tax return refund claim by July 17 deadline 

Big profit from unclaimed packages: 7 sites

Our average debt is over $54,000: cards, mortgage, cars

 

Forever Stamp will climb from 63 to 66 cents on July 9, a 5% rise: 2nd in 1 year

Best New Car Models for Quality: JDPower best by type

 

Miracles:

Electric flying car approved by FAA; company now accepting preorders $300K

Toyota's solid-state battery breakthrough: 745 mi on a 10 min charge by 2027

 

FDA grants full approval to new Alzheimer's drug meant to slow disease

Personalized vaccine could enlist the immune system to fight pancreatic cancer

“Underground lake” for over $20 billion of agricultural production risks running dry

 

Rare octopus nurseries discovered deep in the Pacific Ocean

Google Quantum computer can instantly execute a task that would take 47 years

10-year-old plays Chopin’s Fantasie Impromptu with extraordinary command and poise

 

July 4, was the hottest day ever recorded globally

Tel Aviv police chief quits, citing hard-right cabinet pol. whom wanted excessive force

 

 

 

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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

In place of atomic lattice, light waves used to create an optical lattice with same geometry

Physics Nobel Prize: “entanglement” 2 particles share info instantly at a distance

Quantum mechanics violates local realism: two objects behave as single system at 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

Strange state of physics that allows energy to flow frictionlessly through a material

Bending light from extreme gravity reveals largest black hole so far

Curved SpaceTime: heavy masses and simultaneously quantum effects become visible

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.

Our planetary system: rarest system: only 1% of all systems with same number of planets

 

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/

Physicists knew black holes eventually disappear particle by particle. Now they think everything else does, too

Astronomers discover raw materials for life are present all across the Universe: methyl cation

 

 

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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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