Friday, December 8, 2023

Is a cash balance retirement plan right for you?

 

America Abandoned the Greatest Economy in History

Of Americans born in 1940, 92 percent went on to earn more than their parents; among those born in 1980, just 50 percent did. In the 70s, we abandoned the great economy of the end of WWII—the great American Dream. We chose growth of the private sector and inequality flourished—a child born in United Kingdom now has a far better chance of outearning their parents than one born in the U.S. For many of us the American Dream is a bad joke on us. Young adults facing financial ruin as they care for aging loved ones.

America has produced a Donald Trump—who declared, in 2015, “The American dream is dead”—and the seething discontent in American life has replaced it. Meanwhile the rich, with the money to do it, have exploited the growth of the global economy for their personal benefits. We no longer used taxes to pay for community swimming pools but for tax breaks for the already rich. The top marginal income-tax rate was 70% when Reagan took office and 28% when he left. Our national debt has reached levels equal to those from the expense of WWII.  Our next president will face the problem of restoring the balance of spending and taxation. Raising taxes may be the only solution.

Avoid future tax increases: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

 

Is Umbrella (liability) insurance right for you?

This is also called excess or secondary coverage. If you hit someone and are sued, your car or home insurance will cover the minimum part while the amount over that may be paid by your umbrella policy. Usually this low-cost protection is owned by any person with assets over $1 million. It also covered President Clinton when he was sued in office. Umbrella policies can also provide additional coverage not offered in the primary policy, such as protection against slander and libel. An umbrella policy can also cover family members and those living in a household. Do you need an umbrella? Medical costs from an accident that you are found liable for may exceed your current liability coverage. You should consider a purchase if you own a pool, a dog, or a dangerous property fixture. Even your objective review on a website may produce a liability.

Buy only what you need: https://www.amazon.com/Lawsuit-Insurance-need-right-policy/dp/1480061123

 

Is a cash balance retirement plan right for you?

IBM has just taken the unusual step of adding this kind of plan to their retirement offerings. A cash balance pension plan is a defined-benefit pension plan with the option of a lifetime annuity. The employer credits a participant's account with a set percentage of their yearly compensation plus interest charges for a cash balance plan. Changes in the portfolio do not affect the final benefits received by the participant upon retirement or termination, and the company bears all ownership of profits and losses in the portfolio. The most significant difference between a cash balance pension and a traditional pension plan is that the traditional plan generally uses the last few years of your highest compensation to determine your monthly benefit. The employer bears the investment risk in a CBP. The employer is responsible for ensuring the employee receives the amount promised, so no matter what happens, it must ensure the employee gets that amount. People 60 years and older can sock away well over $300,000 annually in pretax contributions.

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



 

 

********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 were 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 

 

Aug 1 2023 Trump indicted by the United States of America

Conspiracy to defraud the United States

Conspiracy to obstruct Congressional proceeding

Obstruction of and attempt to obstruct an official proceeding

Conspiracy against right to vote

 

 

Attempted coup d'état by any other name

 

350+ people have been sentenced to jail or prison.

 

 

Trump and His Gang Get the Mob Treatment

 

Aug 4  “IF YOU GO AFTER ME, I’M COMING AFTER YOU!”

 

Mobster #1 Enrique Tarrio gets 22 years 

Mobster Stewart Rhodes sentenced to 18 years

Mobster Ethan Nordean gets 18 years

Mobster Dominic Pezzola sentenced to 10 years

 

 

 

Aug 14 2023 Trump & 18 indicted by the State of Georgia

 

VIOLATION OF THE GEORGIA RICO (RACKETEER INFLUENCED AND CORRUPT ORGANIZATIONS) ACT SOLICITATION OF VIOLATION OF OATH BY PUBLIC OFFICER

CONSPIRACY TO COMMIT INIPERSONATIN PUBLIC OFFICER FIRST DEGREE

CONSPIRACY TO COMMIT FALSE STATEMENTS AND WRITINGS

CONSPIRACY TO COMMIT FALSE DOCUMENTS

FORGERY IN THE FIRST DEGREE

CONSPIRACY TO COMMIT FALSE STATEMENTS AND WRITINGS

FILING FALSE DOCUMENTS

SOLICITATION OF VIOLATION OF OATH BY PUBLIC OFFICER

FALSE STATEMENTS AND WRITINGS

SOLICITATION OF VIOLATION OF OATH BY PUBLIC OFFICER

FALSE STATEMENTS AND WRITINGS

 

 

Aug 24 2023 The Don, Racketeer: GA jailhouse real ‘mug’ shot

 

Oct 2 2023  Kelly, Trump’s staff, confirms Trump called our veterans/wounded soldiers “suckers

 

Wannabe Dictatorto run our House of “Representatives

 

 

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

Are we done with Santos? Surprised GOP expelled him since he is needed to pass bills

Wasted taxes: NASA Tests Mars Helicopter: $80 million + $5 million a month

War DRONES UTTERLY RESHAPED BATTLEFIELD: machine gun, radar, drones

 

Wasted taxes: NASA plans to land its $433.5 million VIPER on the Moon's South Pole. 

NASA search for life beyond earth costs more than saving us from climate destruction

 

SCAMS/SPINS:

Holiday scams and frauds: protect yourself from special scams

UAE’s Sultan Al Jaber: there is ‘no science’ behind demands for phase-out of fossil fuels

Young adults facing financial ruin as they care for aging loved ones

 

Mormon Church protects itself from child sex abuse claims with legal tricks

Dollar General stores charge more at checkout than on shelves: fine, no jail

Avoid fake goods, phony online deals for holidays

 

Pelleh Poultry Corp. is recalling more than 700 pounds of beef and poultry 

Atlantic Union Bank caught illegally enrolling thousands in checking overdraft 

Buy Now, Pay Later Often a Debt Trap

 

 

Childhood Vaccination Rates Are Falling

 

Trump assures Fox crowd he would not be “dictator upon returning to office” sort of.

Earl Miller caught securities fraud “5 Star,” real estate scam, Amish families, fine & jail

Traders were informed of Hamas' plans to attack ahead of time, and made millions on it.

 

Israel says it has killed up to 5,000 fighters out of a total of 30,000 in Hamas's war wing

 

School vouchers helping families already in private school: subsidies for better-off  

 

Jobs

10 years to replace lead pipes in all cities: plumbers & construction jobs

jobs.interestingengineering.com/

Work out routine to perform for 3 hours onstage singing, dancing, moving

The IRS is Hiring Revenue Agents

 

 

Who owns your account now?

Options for Changing an Irrevocable Trust

Should you switch from your Mac or Windows laptop to a Chromebook.

AFS 401(k) Retirement Services to Hub International

 

How much does elder care cost where you live?

More seniors paying over 30% of their income in housing costs

Donor-advised fund (DAF) helps you manage the timing of charitable giving: choice

 

Don’t lose your annual tax saving/deduction by deadline oversight

 

Miracles:

70-year-old woman in Uganda has given birth to twins after receiving fertility treatment

New stem cell treatment may halt progression of multiple sclerosis

Flying car gets FAA cert: vertical takeoff so you can park it in the driveway

 

Gene therapy offers hope for Parkinson’s disease patients

 

 

 

 

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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.

A ‘particle’ is an event; not an objective thing. This event is set of complex relationships.

New theory may finally unite Einstein's gravity with the quantum world

 

 

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

 

Stars fueled by the self-annihilation of dark matter might have been spotted for the first time by JWST

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.

New method to study systems with long-range interactions: previously puzzling experts

The electricity we use comes from the field around the wire not from electron itself.

 

Natural ‘missing law’ explain how universe evolved: functions increase in complexity over time

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/ No AI used in these comments

 

 

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