The 4% Retirement Rule is Wrong: The Lifestyle Rule Rules
Advisors' 4% rule is NOT a “safe withdrawal” amount.
Advisors' expensive deferred annuities don't work.
Annuity guarantees are just not worth the price.
Fixed income returns are volatile—compare alternatives.
Create a Tax-FREE inflation-proof account for growth.
Advisors' expensive deferred annuities don't work.
Annuity guarantees are just not worth the price.
Fixed income returns are volatile—compare alternatives.
Create a Tax-FREE inflation-proof account for growth.
$9.95 by
Dan Keppel http://www.amazon.com/4%25-Retirement-Rule-Wrong-Lifestyle/dp/1492218960
Variable annuity now costs 3.5% EACH year
The average cost of a “plain vanilla” (without a living or
minimum benefit guarantee) VA contact, according to LIMRA, a life insurance
industry trade association, is nearly 2.30% per year. When adding in the cost
of a Living Benefit Guarantee (LBG), the average cost approaches 3.50% per
year, according to Morningstar. These costs significantly reduce the potential
growth of an investor’s account value, which usually translates to a reduction
in the amount of annuitized income in retirement. And it is taxable. There is a
better way to secure guaranteed tax-FREE income: http://www.amazon.com/Your-Retirement-Portfolio-Tax-FREE-Income/dp/1483994090
Most-stolen
vehicles (total thefts in parentheses):
1. Honda Accord (58,596)
2. Honda Civic (47,037)
3. Ford Pickup (Full Size) (26,770)
4. Chevrolet Pickup (Full Size) (23,745)
5. Toyota Camry
(16,251)
6. Dodge Caravan (11,799)
7. Dodge Pickup (Full Size) (11,755)
8. Acura Integra (9,555)
9. Nissan Altima (9,169)
10. Nissan Maxima (6,947)
Older Honda Accords and Civics were by far the most stolen
models in 2012. The 1996 Accord led the list with 8,637 thefts. In fact,
Accords and Civics account for the first 16 spots on the most stolen list and
all are 1990-2000 models. By comparison, newer Hondas are rarely stolen, thanks
to improved anti-theft technology. Shop for discounts on your insurance rates: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Is $7.25 an hour enough to live on in America?
Are CDA annuities right for you?
Insurers have cut back on the benefits of their annuities recently,
leaving some owners stuck with huge penalties if they want to cancel. Insurers
have come up with a new product twist—continent deferred annuities—benefits
paid contingent on an underlying account being exhausted.
The consumer-oriented Center
for Economic Justice maintains that CDAs are “dangerous” for
consumers—“more dangerous than long-term care insurance or variable annuities
with guaranteed lifetime withdrawal benefits (GLWB).”
The danger is that the new annuity benefits will be changed
after profits are taken and annuity owners will have little value left for the
costs.
The Center said, “Insurers will remove profits for 10, 15,
20 years and then, when there is greater than expected benefit requests,
insurers will change the product in a way that destroys the value of the
product for consumers who will no longer have the opportunity to make an
alternative investment.” It is “incomprehensible,” the letter said, “that
regulators are allowing an even riskier product – the CDA.” Consider
alternatives: Annuity Laddering: Inflation-proof Retirement Income http://www.amazon.com/books/dp/1484849663
Are you driving yourself out of savings?
Are you paying double for homeowner’s insurance?
A survey by Bankrate found that rates ranged by as much as 188
percent!
The quotes were gathered in June 2013 and were based on
$250,000 full replacement coverage for a single-family home and $300,000 in
liability coverage. Each policy included a $500 deductible, $1,000 per person
medical coverage and a $500 replacement limit for property damage. Not all
companies in the survey provided quotes for every location. It's important to shop
every two years: http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870
Bad doctor list
The National Practitioner Data Bank is a confidential (not
for citizens) information clearinghouse created by Congress with the primary
goals of improving health care quality, protecting the public, and reducing
health care fraud and abuse in the U.S. It was set up to track incompetent physicians, dentists, and other health care
practitioners when they move from state to state without disclosure or
discovery of previous medical malpractice payment and adverse action history.
Doctor peer groups were supposed to end bad doctor careers but that requires
doctors to punish their own. Unfortunately, it does not happen and we can’t see
the list. http://www.npdb-hipdb.hrsa.gov/index.jsp
Long-term care insurance buyers paying more
The average buyer of LTC coverage is younger than ever
before—aged 53. The insurers noticed that they preferred younger clients with a
longer "runway" of premiums on average. The LTC Tree study also found
that decline rates for those ages 65+ are 220% higher than decline rates for
those ages 45-55—younger people are healthier. This means insurers are
capturing younger people who will have to pay premiums for an average of 30
years before only 4% of them become an expense. Insurers have a longer income stream
($2000 premium for 30 years) and larger reserves of $500,000+. Consider
creating your own reserve: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X/
SCAMS “Deficits
don’t matter” Republican godfather, Dick Cheney, 2002
Fed loan guarantees for new “jobs” is another Welfare for the rich
Department of Agriculture’s $1.6 billion business and
industry loan program has produced few jobs but lots of bank profits.
Banks make loans that have no risk and get paid by US. $10
million buys 36 jobs?!
IAN
41 Watchung Plaza, B242
973.746.2014
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