Friday, January 6, 2023

Find more cash

 

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. For instance: 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% discount from 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 $125 a month? There are less expensive alternatives. Slow cooker pot roast or meatloaf a 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) in 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/

  

Make sure your child learns how to invest the Buffett Way in 2023

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

 

Just don’t sell: if your accounts are down, you don’t have a loss till you sell

You only have a loss in your account if you sell. You don’t need to sell if you are invested for the long term in a balanced portfolio or fund. Look at the returns of the stock market over time here: http://www.moneychimp.com/features/market_cagr.htm. For the long-term investor, the stock market index has returned 11% per year. Even with loses of 37% in 2008, we have offsets of 32%, 22%, 38%, 28% gains in other years. If you pay 0.03% in annual fees, you compound your investments so that you end up with 10 times your total contributions over time. Yes, it takes time. We are investing in solid companies not gambling. We are not trading in and out from one HOT stock to the next. This activity costs more than it is worth unless you have insider information like our Congress people. So automatically investing $250 a month, $3,000 a year (average tax refund), $102,000 total in a low-cost stock market index can provide $1,111,555 in 34 years. This is Warren Buffett’s investment advice for the rest of us.

Start now: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

 

You too can pay only $750 income taxes just like Trump

How did a millionaire Super Con Man pay only $750 on his income for federal income tax return? We now know that if you claim un-audited huge business losses, you can pay nothing to help the nation provide all the benefits as an American citizen. Plus you pay nothing for hundreds of secret service agents to protect you and your family, 2 well-stocked jumbo jets, 50 SUVs, 3 helicopters and rent in two big houses. You can use the idiosyncrasies of the US tax code to do the same. You can deduct everything you touch even your hair spray as a business expense loss that you can offset your income from pensions, SS benefits, and over a $million in tax-FREE income.

https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 

Retirement plan contributions increased

People can also put more money into tax-advantaged retirement plans in 2023. The amount that can be contributed to workplace savings plans such as 401(k)s is now $22,500, a $2,000 gain from 2022, and the amount of allowed “catch-up” contributions for savers age 50 and older now stands at $7,500, up from $6,500. Your 401k 403b contributions can cut your current taxes—you postpone them till retirement. On the other hand, the Roth version allows all your future gains to be tax-FREE. You lose the deductibility of current contributions but you gain the much larger tax benefit in the future. $22,500 invested in stocks for the long-term Roth means you can spend over $5 million in 30 years completely tax-FREE. It is time not market timing that allows your money to compound at 11% with little cost.

Use the best: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Tell your child, “You don’t need an advisor” to earn $1 million

A blindfolded chimpanzee throwing darts at the stock listings can select a portfolio that performs as well as those managed by experts.” So says Princeton economist Burton Malkiel 50 years ago. Warren Buffett agreed and bet $1 million on the Vanguard 500 Index to beat 5 hedge fund managed by an advisor. “The future is inherently unpredictable.” That is why cost, not market timing or trading stocks or Wall Street gurus can beat a low-cost stock index fund earning 11% over time. Dr Malkiel admits he dabbles in stock picks for fun but the majority of his portfolio is still in the index.

Have cake and eat it too: https://www.amazon.com/Where-can-your-child-invest/dp/1492164240

 

How to make your retirement account last as long as you do

Your advisor/broker has probably made the usual projection, concluding that you must buy an annuity from their firm. You have resisted because losing control of your nest egg makes all of us cringe. There are other ways we crack more eggs than we should during retirement. So we lose the power to compound higher amounts we will need. Many of us will live longer than we think. Ignoring health concerns now can cost you more later. My readers are holding onto expensive life and disability insurance plans that they will never use. They may cling to their legacy home after the kids have already decided to live elsewhere. Other readers are using pricy drugs instead of effective generics. Some readers still believe that bank CDs and bonds are the only securities to own as they age in a volatile market. A balanced portfolio into retirement protects us from failure. A few readers have taken higher distributions than they needed from their retirement accounts. They are keeping their kids in the lifestyle they have assumed. My readers are very charitable: they give to everyone who asks instead of committing to a certain percentage of their income annually. This dilutes the effect of their giving. Better to support one or two important causes. Giving to all reduces future growth for important charities.

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

 

 

 

?**********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 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 limitJ6 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

 

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

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

Congress people retire to more lucrative job: making laws favor private firms: $ millions

Santos: GOP paid con man to beat NY Dem by lying just to switch a Dem seat in House

GOP to stop investigating GOP Reps’ bad behaviors: no jail for Trump’s Jan6 enablers

 

How Trump worked tax law to pay next to nothing in some years despite AMT min. tax GOP To Cancel Staff Unions: GOP makes the rules now: anti-American

We lose; wealthy gain: Taxing income only to $160K for Social Security leaves it short

 

House stopped working: no business; no bills passed; no decisions but we still pay them

Stay safe: IRS will not be auditing major tax avoiders under GOP: poor audited 5x more

Gun detectors outside House floor disappeared under the new Republican majority

 

SCAMS/SPINS:

Wild West in AL: you can pack without permit or background check. Concealed guns

SCOTUS mistake: “A well regulated Militia”: these mass killings NOT by militiamen!

 

Regulator FDA helped drug maker Biogen get quick OK for Aduhelm at $56K/year

Washington elite proves TWO Americas: voter fraud: elite gets no charge; poor gets jail

IRS data prove TWO Americas: highest earners pay lower taxes than the affluent do.

 

Recall 42,000 Beetles: they have potentially dangerous Takata air bag inflators: bags kill

SCAM: iRobot’s Roomba J7 series robot vacuum caught taking pictures of you on toilet

Megan Hess CO caught fraud: selling body parts without permission: 20 yrs jail

 

Peloton caught failure report hazards: fine no jail for people/pets pulled under treadmill

 

John Lopez caught fraud: promised clients his 'algorithm' guaranteed 10% returns: jail

Proud Boys go to trial on sedition charges: coup sedition instigators go free

 

Credit Acceptance caught lying cost of credit; trick into high-cost loans on used cars.

Chase caught suing borrowers: deceptive affidavits and other documents “robo-signing”

 

Oil up last month; gas up this month: drillers screwing Americans for ’22 bonus payouts

1 lb butter up .50 cents in one week at my superstore: is dairy making more or grocer?

Fewer cars, bigger profits: prices rise for new: electronic/gadgets send us back to dealers

 

Jobs

26 Work-From-Home Jobs That Pay $100,000

New House Speaker: Top Con Man Trump, de facto head of the GOP already

 

Who owns your account now?

POSTPONING TAXES: SELL NOW, PAY LATER

You can postpone taking RMDs longer but that could mean greater tax bills later

Federal Reserve shows people used cash for only 20 % of purchases in 2021. 

 

Miracles:

Christian nationalism overlaps provides cover for white supremacy: Jesus was not a racist

Alaska’s Arctic Waterways Are Turning a Foreboding Orange: global warming warm up

Alex Rodriguez finished shoveling own driveway?: large area, shovel sticker new maybe

 

No ’22 bank robberies: Denmark reported cash use had almost halved from 2017 to 2021

 

 

 

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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 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

 

 

 

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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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