Why investing the same amount of dollars each month is important

 

Best annuity for your retirement

Some annuities cost you nothing and the benefit increases automatically without you paying more premium. Some annuities are tailored to your age so that you receive more later and less earlier. Some annuities cost a lot. Some require no extra payments. Some annuities can provide a growing benefit and still provide a lump sum for emergencies. Some annuities provide a benefit only—the beneficiary cannot surrender the remaining principal. Some annuities are tied to an underlying high-cost variable account. Most annuities cannot be cancelled. Some annuities provide a periodic benefit for one or two lives. Some pay a benefit for a certain time period. Get the right one for your lifestyle.

https://www.amazon.com/Your-FREE-Annuity-Stream-Lifestyle/dp/1497438616

 

 

What is the New American Retirement System?

Protect your family and assets with your financial wealth. Borrow from your System to pay for large purchases. Buy whatever you need without going into debt to others. Self-insure manageable risks—invest the premiums saved. Buy financial services wholesale--save $3,000 a year. Manage your System in 1 hour per year. $2 million can produce $160,000 a year in retirement. There are no taxes either.

This book will show you how to:

Create a $2,000,000 tax-FREE Retirement System.

Use the best legal tax shelter: no taxes . . . ever.

Tax-favored over a 401k even with 6% match*

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

 

Retirement savings amounts very skewed to the wealthy

The average account balance was $141,542 for 2021; the median balance was $35,345. This disparity means that a small number of plans with very high balances skews this often-quoted average upward. The American middle class has a difficult time saving for retirement with low wages, high inflation and increasing housing expenses. Not everyone is benefiting from the tax deduction for contributions since many small employers do not offer 401k plans. The self-directed IRA requires starting early to obtain the maximum benefits of tax-favored savings. Very few high school curriculums offer a tax-benefit IRA course. It is up to parents/grandparents to get their offspring started on the journey.

https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

Is a money market account right for you?

This account, available at most financial institutions, is favored by anyone who says, “I don’t want to lose money in the market.” For instance, Vanguard Federal Money Market Fund’s investment objective is to seek to provide current income while maintaining liquidity and a stable share price of $1. However, maintaining a stable share price of $1 means that you cannot keep your purchasing power over time. Thus your money is not ‘safe’ and over time, your $5000 will buy less than it did before. Yes, you will earn interest but you will also owe taxes on any gain. A bank savings account may be a better vehicle for short-term savings. If you are saving for retirement, a ‘safer’ place for your money is a balanced (stocks and bonds) mutual fund. Over time you gain part of the positive market return in the form of share price rising and also stock dividends paid and bond interest earned. Some of my readers use such an account for their emergency short-term needs since they have accumulated quite a balance over time. “Borrowing” $5,000 from their $250,000 balanced mutual fund like the Vanguard Wellesley Income Fund costs them little. That $5,000 may be repaid to their account in a year or their gains on the $245,000 in a year may be enough to cover it. Remember, “never bet against America.”

Use Buffett’s strategy: https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

 

Why investing the same amount of dollars each month is important

Smart investors have learned the trick of investing to accumulate the greatest number of shares with the same amount of money each month. Over time, you receive fewer shares when the price is too high and more shares when the price is low. You are buying without overpaying for shares. Last December, for example, shares were expensive so your monthly investment of $250 bought one share of Vanguard Health Care Fund. But in June 2022, your $250 bought 1.358 shares (shares were cheaper). In this way, if you had started buying shares 10 years ago, your $250 would have purchased 1.689 shares. You can see that over the last 10 years, you would have more than 200 shares not 120 shares at the higher price. In 30 years, with more shares and the share price appreciation (dividends and increased value), your $250 a month investment may be worth over $500,000. This strategy is called ‘dollar-cost averaging’: you buy low and accumulate more shares. Over time, shares worth more. And you can make it all tax FREE.

https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

 

 

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

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

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

 

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

 

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

 

 

Nov 8 2022 Trump’s “national revolution”

 

 

 

How Govt wastes our money:

Drug makers win: threat to Congress: price controls not set, drugs not created for us  

We are going into debt to pay oil’s record profits for gas and food: Exxon sets records

Few profitable corps pay 15%: Congress gives loopholes, subsidies: we pay 30+%

We pay salary; Congress makes fortune on insider information: we go to jail for same 

 

Nebraska teen and mother charged with aborting and burying fetus: America’s future?

Manchin limited EV cars to slow change from gas: climate to get worse

Sinema saved wealthy taxes in Inflation Act to keep funding from hedge fund owners

 

Like mob boss, Trump takes the 5^th : can’t ‘self-incriminate’: NY AG proved fraud

Of course, FBI will take back stolen US secret documents: felony to steal US secrets

 

SCAMS/SPINS:

Suit outcome depends on his lawyers not justice: Alex uses his $45 millions to appeal

TX GOP taking lessons from dictator on migration and marriage and hate

GOP votes to let drug makers charge unlimited price for insulin: not pro life for illness

Informant tells where stolen US secret nuclear documents hidden in GOP HQ

 

“Insanity: doing the same thing over and over and expecting different results.” 2020 vote

 

NC schools to pack AR-15 instead of waiting for Sheriff Buddy Harwood: 30 rnd/min

GOP denies election valid then claims win: supporters have lost their minds

GOP claims Biden uses Gestapo tactics: now they feel what it was like under Trump

GOP terrorists "tailgate" primary ballot boxes. This voter intimidation in red states. 

 

IN drug firm moving jobs out of IN to keep, attract more diverse staff: pro choice

Tesla caught false advertising: false claims on capability of autopilot

SPIN:“Dietary supplement is not a substitute for a healthy, balanced diet,” study says.

RECALL: Lyons Magnus issued a massive recall for 53 different drinks a 

Complaints: 2020 Ford recall front brake hoses rupturing prematurely adequate?

 

Lee Weiss PA caught advisor fraud related to a Ponzi-like scheme: fine 5 years prison

Hello Digit caught used faulty algorithm caused overdrafts and penalties for customers

SCAM: So-called wrong number/text: you get engaged and they pop you for cash

SCAM: PayPal invoice scam: give password to clear wrong debit and they pop you

 

Rent-A-Center caught deception, overcharging thousands: fine no jail

Celebrity promoted NFT artwork has no disclaimer: celebrity is part owner

BEWARE: Facebook traffics in hate group searches: ‘ban’ hate makes more searches

Walgreens helped flood San Fran with opioids: thousands of orders deemed suspicious

 

 

Covid test expiration date extended by FDA

Five Things Your Advisor May Get Wrong About Social Security: make appointment

 

 

Jobs

½ million get jobs July: market grows 14% a year last 5 years: inflation takes the extra

Educators: educator expense deduction rises to $300 in 2022

MetLife to hire 400 for Global Technology Hub Cary NC

 

Fastest growing occupations: projectionist, turbine techs, ushers, nurse practitioners

 

 

Who owns your account now?

Home buyers with “excellent” score (760+) pay $288/mo less than buyers with “fair”

Best hospitals in US: maybe worth the trip

Consumer Reports: 7 Hybrids to Save You the Most Money on Gas

 

Best truck rental firms: Uhaul, Budget, Penske

Best low-cost vehicles to own for 5 years: Kelly Blue

Best ideas for a lifestyle retirement: prepare for a future with others

 

Use your education credits for students and yourself

 

Miracles:

Floods bury cars in Death Valley: BIG change in climate is here

Speed up: climate change might affect the rotational speed of the planet: snow to ocean

Arctic is heating up four times faster than the rest of Earth:

 

“If the cost of standing up for the Constitution is losing the House seat, then that’s a price I’m willing to pay,”

Gas suddenly cheaper: did Russia war end, Saudis discover oil: Exxon needed bonus $$

 

One person makes a difference to KY community that comes together to save neighbors

McDonald's plans reopening its restaurants in Ukraine over the next few months 

 

FBI raids Trump’s FL mansion: missing FBI & defense texts: unindicted co-conspirator

 

 

 

 

@

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 in universe: galaxies to stones 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!

There is no TIME at this level because of force fields come and go in all directions. 

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

“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.

 

 

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

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

 

Make Warren Buffett your investment advisor

 

What type of portfolio to use for retirement income?

Most retail advisors have provided us with a formula for retirement income that insists on a high percentage of bonds and fixed income products like annuities. This old story has been updated by Warren Buffett’s advice. Today we have available a special computer analysis that helps us decide for ourselves. If you are near or in retirement, you need to use a nest egg calculator (‘Monte Carlo’ simulation) like the one from Vanguard: https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf

By playing with the level of stocks, bonds, and cash you can optimize your chances of having enough money for 30 to 50 years of income. Thus we found that over 65% stocks provided us with 91% probability of having enough income for 30 years. Usually, advisors tell us to sell stocks and buy bonds in the reverse percentages: 65-80% bonds. When you do this in 100,000 simulations, you only have 58% chance of making it for 30 years. That is because over time, bonds lose to inflation. Let your winners run.

Listen to Buffett not your advisor: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

How to avoid being fooled by your advisor

Madoff tricked thousands into giving him their life savings. To prove his worthiness, he sent new investor money to old investors. None of his investors objected. Madoff took the Ponzi concept to extremes nobody had previously thought possible: $65 Billion. The key principles that allowed him to get away with what he did for so long: Fake statements look real and speedy refunds. Long-term steady returns are not what stock markets are known for. His very consistency eventually became statistically impossible to believe, but each individual year, in itself, was perfectly plausible. His sales strategy was what conservatives wanted for their money. His service was cloaked in exclusivity and secrecy: the ‘elect’ do not complain; they feel special. His explanation of success was vague. Madoff deliberately targeted charities and his own religious groups. Many of his ‘friends’ were cheated. Madoff ran his own brokerage firm. He was chairman of Nasdaq, a self-regulating organization. Since nothing has changed legally, there are Ponzi schemes going on right now. I find them every week (see below).

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

 

Make Warren Buffett your investment advisor

Warren Buffett is your investment advisor—without the fees! The greatest investor of our time with a proven record of $101 BILLIONS, Buffett has provided FREE lessons and guidance for many years. We were just NOT listening. His comments and letters to shareholders since 1977 are FREE. He has explained not only the management of his fund; he has taught us how to invest and provided guidance on the trends of the times. http://www.berkshirehathaway.com/letters/letters.html  He has explained why we should NOT follow the advice of Wall Street. He has told us how to be successful investors. He has explained how to turn $9 a day into $1,000,000 over time. He told us the KEY to investment success is COMPOUNDING. “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” Compounding is money earning money on its earnings when it is invested. We can reach $1,000,000 by investing our money in businesses sharing profits with us over time. A special account, available to most working Americans, makes our money tax-FREE. Tax-FREE is like a $300,000 bonus—We avoid paying taxes— federal and state income taxes on our earnings when we take them. Buffett shows us how to invest fee-FREE too. Set up your tax- and fee-FREE accounts in 1 hour.

Make Buffett your advisor: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

 

 

Two Americas: millions lost their jobs and billionaires’ wealth rose 55%

Between March 18, 2020, and April 12, 2021, the collective wealth of American billionaires increased from $2.95 trillion to $4.56 trillion, a 55% leap. “Billionaires have been running up the score on average Americans for decades.” All of the productivity increases of American workers have turned into extra profits for the owners. Salaries of company exec used to be 20 times average wages. Now they are 386 times the average wages. CEO compensation has grown 940% since 1978 while typical worker compensation has risen only 12% during that time. Unskilled working people have few alternatives to being pushed into poverty. Most of us don’t know how to use the tax system to succeed in this economy. However, there are steps we can take to make our lives better financially.

Use your tax credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

 

Why is there a waiting line to buy life insurance now?

Pandemic buyers were reminded of their mortality is one reason. Survivors of Covid have had their apps postponed especially older adults. But older adults also pay more for their coverage so it pays to consider your options. If you need to cover the cost of a funeral, you may be able to pre-pay with a reputable business. If you need basic coverage, there are small amounts available without medical tests. Policies that provide higher amounts for heirs or business buyouts need to be shopped since rates differ greatly. You may find it more convenient to use an aggregator selling multiple policies in your state. If you have other assets—IRAs, pensions, or endowments, you may not need more coverage. Check the current beneficiary designations to make sure your assets are left to the right loved ones. Many firms offer life insurance to retirees at high cost. This may be called group life conversions. There are other options.

Shop around: https://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178/

 

What are the “safe investments” in retirement?

Some media writers boast about “safe investments” for your retirement money. Don’t be fooled. There are no investments without negative possibilities. First rule for any investor: there are no “safe” investments. 1. Municipal bonds may be tax-FREE but they can raise overall taxes. They also provide little protection from inflation. 2. Peer-to-peer lending may earn more than bank CDs but you can lose your money or earn less than advertised (as I did). 3. Annuities are useful in that the monthly amount paid is guaranteed by an insurer. However, as your expenses rise, the monthly check remains the same and your heirs get nothing if you die early. There are better ways to assure income for life. 4. Treasury inflation-protected securities provide some protection but with low payouts, you can’t live on the interest from TIPS. 5. Rental real estate is less “safe” than stocks. “You can turn any property into an investment that will provide income for years to come.” I tried this for years and you must give up income when tenants default and when repairs and maintenance are required unless you can do it all yourself. Live close! 6. Taking SS at age 70. It is tough to beat an inflation-adjusted monthly payment that is good for life and backed by the government. Few people can afford to wait to age 70 and fewer can stretch the enhanced payments to cover all expenses. Finally, you must plan out your income strategy in retirement. You will have more income by avoiding your high-cost advisor.

Plan wisely: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

 

How can we protect ourselves from money scams?

Scams to induce us to give our hard-earned cash to others are on the increase. Technology has made it easier and safer than holding a gun to our heads in the parking lot. So we have to learn how to protect ourselves in new ways. First, most scammers are coming to you via phone and computer. Few use a letter or personal visit. Scammers are avoided by not responding to un-initiated contacts—no matter what they say or look like. Scammers wear ‘disguises’: they fake a logo from banks, IRS, FBI, Amazon, Microsoft, your local advisor’s firm. I get offers for money and computer, tax and legal help every day. I did not initiate any of them. No govt agency calls you about arrest warrants for you or your relatives, SS benefits or taxes. Unless you gave your info to the caller, how’d they get your info except by theft. Before responding to any contact, do your Google search: Scam: ‘I can fix your computer for $300” AARP.org/aboutFWN shows real scams. Giving scammers access to computer to steal your money: watch real scam office. The most difficult scams to detect are from those we trust with our money. Most people are losing $3,000 a year to sellers who have earned our trust. Sales people win your trust so you will feel comfortable giving them your money when you don’t need to.

Beware ‘trust’ scams: https://www.amazon.com/Money-Scams-2014-insurance-financial/dp/1505437962

 

Where is that refund?

The Internal Revenue Service today reminds taxpayers that the most convenient way to check on a tax refund is by using the “Where’s My Refund?” tool at IRS.gov or through the IRS2Go Mobile App.

Where is the stimulus 1 or 2? If you did not receive stimulus 1 or 2, start filing here: https://www.irs.gov/newsroom/recovery-rebate-credit.

Stimulus 3? https://www.irs.gov/coronavirus/third-economic-impact-payment

 

Estimated tax payments are still due April 15. If you are self-employed or do not have enough withheld from a paycheck, pension or Social Security, you may have to send quarterly payments to the IRS. Tax returns for 2020 are due May 17 not April 15 but the estimated tax payments are still on schedule.

IRS will redo your taxes and send refund if you paid tax on Unemployment 2020 or you paid ObamaCare’s excess advance premium tax credit repayment. 

 

Have tax forms; will file … for FREE but WAIT . . .

If you have unemployment income, ObamaCare coverage you should wait to file since the IRS has not yet implemented tax-FREE provisions of the new Covid law. If you already filed and paid tax on your unemployment income, IRS says it will send you a refund of the tax automatically. DO NOT FILE an amended return to obtain a refund on this tax. Taxes due MAY 17 not April 15. Input the W-2, unemployment, SS benefits, IRAs, pensions, RMD, brokerage, etc. forms you have. You can file for FREE online. If you didn’t receive a correct form, file a Form 4852.  Usually filing your state return costs as little as $15 unless you buy the Pro helpline. Avoid $300-400 paid preparer fees—new IRS forms mean higher fees. Unemployment insurance is TAXABLE on the Federal income tax return; not on some state returns. Some states do not tax your SS and pension benefits.

 

Retirees did not have to take their RMDs in 2020 so taxes may be less: it was a good time to convert IRA to Roth IRA for tax-FREE future. Unless you were self-employed, you can’t deduct home office expenses of working from home. You can deduct as medical expense all Covid prevention supplies. Some states continue the health insurance mandate and penalty unless you have an exemption. Since the IRA contribution deduction has no age limit now, you may reduce your income/taxes by making a contribution of up to $7,000. The standard deduction went up to $12,400 single; $24,800 joint. Jan 15 last day to make 2020 estimated payments. You have to report your April/May and December/January stimulus payments even though they are not taxable. Some of us receive a bank credit; some a debit card; some a check. Even if you don’t have to file, you should file so scammers can’t use your SS number to mess up your IRS file. Tested E file software ratings. Efile Jan 15; IRS processing Feb 12.

E file avoids covid at your preparers’ office: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

 

What to do if you can’t pay by May 17?

Avoid the penalty for not paying estimated tax. Ask for an automatic extension to file till October. If that does not work for you, you can apply for a payment plan. An individual can setup an IRS installment plan if you owe $50,000 or less and can pay back the amount owed in 3 years. If you are a business owner, you can setup an installment plan if you owe $25,000 or less. The IRS will charge a one-time fee of $105.

If you own less than $25,000 and can pay the amount owed within six years, ask the IRS for a streamlined payment agreement. The IRS will charge a one-time fee of $102.

Request an Offer in Compromise if you cannot pay the total amount owed. This allows you to settle your tax debt for less than the total amount owed if you will be unable to pay back the total amount owed within 10 years. The IRS will charge a one-time fee of $150. Given the pandemic economic hardship, apply for the extension to file now: https://www.irs.gov/pub/irs-pdf/f4868.pdf

Special circumstances help: call the IRS Taxpayer Advocate Service 1-877-777-4778 for free assistance.

More ways: https://www.irs.gov/newsroom/heres-how-people-can-pay-their-federal-taxes

 

IRS has $1.3 billion refunds for 2017 tax returns

Unclaimed income tax refunds worth more than $1.3 billion await an estimated 1.3 million taxpayers who did not file a 2017 return, according to the IRS. “Time is quickly running out for these taxpayers. There’s only a three-year window to claim these refunds, and the window closes on May 17.” If they do not file a tax return within three years, the money becomes the property of the U.S. Treasury. Filing instructions are available on the IRS.gov Forms and Publications page or 800-829-3676.

You have 30 days to collect your cash!

 

 

**********ACCOUNTABILITY**************

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist"

 

 

Do police have a license to kill?

 

FL drivers get OK to run over protesters

 

 

Where ‘Truth and Reconciliation Commission’? 

 

 

How Govt wastes our money:

We paid the bill to clean up after polluters fouled our country: will polluters get re-bill

Congress makes sure Puerto Rico helps wealthy avoid taxes: it will never be a state

GOP raises taxes quietly in FL: if we shop online, we pay $1 billion

 

SCAMS/SPINS:

GOP votes against equal pay: keep women earning 82 cents per male $1.00 for same job.

Trumpists post white supremacist policy list: European ancestry values

Trump’s lieutenant Roger Stone doesn’t pay his taxes either: hide income in fake biz

 

Capitol police told to track anti-Trump protesters ONLY: let terrorists attack Congress

Trumpists get big rewards for denying democratic way: “only fair if GOP wins”

Trumpist Hawley OK with hate crimes: sole GOP vote NO to bill

 

Scam: ‘I can fix your computer for $300” AARP.org/aboutFWN shows real scams.

SCAM: Giving scammers access to computer: steal your money: watch scam office

Eddy Blizzard MD caught stealing $1 million with blank checks faked signature.

Christopher Lee Hibbard KY caught stealing barred from any financial sales activity

Douglas MacKinnon caught avoiding debts gave $1.6 million home to his wife/daughter

Mobile speed test: use FCC download tester to verify “you get what you pay for”

 

Mass killings: more guns than people: easy way to confirm manhood/revenge/score/hate.

Congress ignores gun killings: Supremes’ ruling protects police: shoot first, ask later

Tesla driverless will kill automatically: in TX dark, Tesla can’t ‘see’ the tree on curve?

 

Instead of getting protection of vaccine, some buy fake card to infect co-workers $9.49

Fake info used to create buz for certain people: it is easy to mislead us

Covid deaths 575,000; 1918 pandemic 675,000: 40% won’t get vax--we learned nothing?

 

Scams made just for us: 10 best ‘selling’ ways modern thieves work today

Danger: walking in front of Tesla can kill you: no driver; no sensors; no stopping

 

 

IRS: Easy Steps to Protect Your Computer and Phone and Avoid Phishing Emails.

IRS: Free special ID protection PIN goes on your return so scammers can’t take refund

IRS: Previous tax returns available online: https://www.irs.gov/individuals/get-transcript

IRS tips to avoid scams: https://www.irs.gov/newsroom/tax-scams-consumer-alerts

 

Is it a scam?  Check AARP scamline 877.908.3360. BBB Scam tracker

 

Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Find tax preparer: https://www.irs.gov/tax-professionals/choosing-a-tax-professional

 

Check Social Security: https://blog.ssa.gov/

Safeguard data: ConsumerReports help: https://securityplanner.consumerreports.org/

 

Jobs

25 high pay jobs to reach for the future: plus machines can’t replace skilled trades!

The top 15 career fields — ranked by average national salary:

20 jobs part time any age work can do it temporarily

 

Who owns your account now?

Biden reverses orders that boosted fossil gas/extraction on public lands and waters

SS benefits can be reduced when you work BEFORE your “full retirement age”

Need moving expenses? Some states pay to move there for a time.

 

Flood insurance: private policies might be cheaper in low-risk areas: exceptions

RIA custody business of Morgan Stanley to Axos Financial

 

Miracles:

Older adults "prediabetes" usually DO NOT go on to develop full-blown diabetes WOW!

Vaccine can save you but masks can save others: virus requires us to care for each other

ObamaCare coverage repayments cancelled: you do not have to pay IRS back

 

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

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

Is an unbiased financial mentor right for you?

How can a parent assure their child of a bright future?

You just don’t know how your child will turn out. Will they have enough money in the future given that the GOP is threatening to cut Social Security and the individual national debt is already $80,000 per person? No one knows what will happen when they are older. It would be great to start now with a small savings/investment account since it is time and not the amount that helps people become rich. Unfortunately, young people don’t learn about compounding in school so they don’t know what $50 per month can become over time. If invested in a low-cost stock market index account when they are born, it becomes $4 million by age 65. If they start at age 20 it will take $750 a month to reach $4 million. And if you use the tax-free Roth IRA for them, the money is free of tax. All you have to do is put the account on automatic and don’t tell them about it until later.

Give them a head start: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Is “smart beta” investing right for you?

New fad: growing interest in sustainable “smart beta.” In case you don’t follow the most recent Wall Street hype, that means investment portfolios that say they offer the benefits of passive strategies combined with some of the advantages of active ones, placing it at the intersection of efficient-market hypothesis and factor investing.^[1] Here is the pitch: “Recent events have heightened investors’ focus on environmental and social factors, international cooperation and their potential impact on the financial markets," said David Harris, the group head of sustainable business at the London Stock Exchange Group, the owner of the FTSE Russell. "Given these large-scale shifts, combining smart beta with climate and sustainability priorities could become an even bigger trend for asset owners."

In English, smart beta funds claim to beat a traditional index fund by the owners making stock/sector selections based on their own guesses. With this, fund owners are trying to recapture simple index investors. We are still left with marketers thinking they know where the market is going. A “smart” investor knows this marketing trick.

Go with a proven sage: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Billionaires use tricks to avoid paying fair share

Robert Smith is investigated for taxes owed on $200 million that was moved through offshore entities. Like many corporations—Apple, Google, Amazon—the wealthy send money through countries with low or no taxes to avoid paying for the benefits they receive from US. Smith and his associate, Robert Brockman allegedly use offshore entities, trusts, and foundations to hide their dough. Tax havens include Caribbean countries only a few miles away in their jet. Good tax lawyers are expensive so you will need millions to start. The wealthy have been avoiding taxes for years. Even those running for high office use tax havens: Bloomberg, Romney, and Trump. The tricks are working and now a few wealthy people own over 20% of all wealth, up from 7% in 1978.

Use the only legal tax haven for workers: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976 

How do the wealthy increase their wealth?

Since the 1970’s, the middle-class has been losing their means of growing wealth: their savings from their income. The wealthy do not need to work more hours or more jobs to increase their income and assets. Once they own assets that produce income, the assets can grow on their own—the miracle of compounding. People like Tim Cook or Warren Buffett don’t work for wages but stock in tax-advantaged accounts. In fact wage income is taxable. Their assets grow without taxation. Assets are taxed ONLY when sold. The wealthy use loans to pay for their expenses. Loans are not taxed. Remember Trump’s boast that he pays NO taxes yet he is a billionaire with real estate income. He claimed a $1 million loss on his 1995 taxes that really consisted of defaulted loans and bankrupted businesses not an actual personal loss. He used his poor business management (6 bankruptcies) to avoid taxes for up to 18 years. The wealthy own stocks that do not pay dividends because dividends are taxable. So they may own Buffett’s own BRK.a at over $300,000 a share because there are no dividends. Buffett uses the dividends of the companies he owns to buy more companies. Early investors with Buffett are now billionaires and pay no taxes because they never sell their assets. They borrow to pay expenses. Clearly, Americans support those who have done well. Our tax system favors those with money even for the kids. Our reps are beholden to the big companies and the wealthy who finance their elections. However, most companies and wealthy don’t pay taxes—we pay their taxes. We pay for the roads, courts, and police they use. Stop paying their taxes!

Learn the tax credit system: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Is an unbiased financial mentor right for you?

Where can you find unbiased financial information? Some lucky folks have a mentor who helped them get past the recent virus-initiated market drop. They have seen what a friend or colleague has done with investments and followed their lead. Successful people have learned how to cope with money over good times and bad. They claim they don’t even look at their 401k and IRAs because they have been through it all before. They made good choices early on and have kept a steady path since. Unbiased mentors may decline expensive trips which they don’t mind explaining to folks at work. I got my start that way when my boss at the NYC Health Department showed me his Magellan fund statements in the 1980s. Despite the fees, Peter Lynch the manager was creating 29% average annual returns. My boss got me started in IRAs and 403bs not a brokerage account. My mentor showed me that I would never catch up to my goal if I waited to start investing. He showed me charts: https://money.usnews.com/investing/investing-101/articles/2018-07-23/9-charts-showing-why-you-should-invest-today. Time is more important than the amount he said. Of course once I began to see the account grow, I added more. Then my wife and I started a mortgage down payment account. Like others I fell victim to the advice to buy a universal life insurance policy for savings. I finally cancelled and switched to a term contract—using the old premium to fund my IRAs.

Use an unbiased advisor: https://www.amazon.in/Unbiased-Advisors-Network-Helps-Tax-free/dp/1470106841

Is your advisor pushing the new ETF model strategy?

Known as model portfolio investing, it’s a booming corner of money management in which the fund companies bundle funds into ready-made strategies. Basically instead of advisors creating a unique stock portfolio for you, they are using pre-selected ETFs (index funds) in a standard configuration or model for growth, income, preservation, etc. In a sense, they are avoiding the risk of picking the wrong individual stock for you by using an index. As John Bogle, founder of Vanguard, used to say, "Don't look for the needle in the haystack. Just buy the haystack." The “new” model portfolios are really the old Target Date Funds re-packaged by fund companies for profits: growth for younger; income for older and everything in between.

Buy the Best for life: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

Philly DA: we have an “authoritarian dictator."

Dictator: “we will see what happens” on election loss

Dictator: police state at polling places

Dictator’s judge cancels IA ballots

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy! 

IRS revises Form 1040 instead of opening mail: returns/checks left unopened since March

Trump mob all voted to separate kids from parents 2018: People will hate us for a long time!

Gov can’t even stop robocalls let alone virus, coal subsidies, fires, senior scams: on vacation

Trump waives 3,000 pollution monitor rules: more pollution makes virus symptoms worse

Right-wing religion gets virus $ millions to fund personal ministry benefits: colloidal silver ‘cure’

Another Trump cure for virus: “save countless lives” using other people’s blood: biased results

We paid $900,000 to TrumpWorld for his 270 luxury clubs MarLargo: 1^st prez to top $1 million

SCAMS/SPINS:

PO workers told to NOT reconnect mail sorters: Trump wants mail lost: late invalid votes 

Many states plan close advance vote and polling places: GA voters took 8 hours in line

PO vows to deliver “mail securely and on time" but “on time” is after Nov 3 Trump says. 

Trump seeking to ban ballot drop boxes to bypass PO’s planned delays: More lost mail

Robert Duncan Postal Service board of governors now agency of Republican National Committee

How can I ensure that my ballot is not rejected? 534,000 mail ballots were rejected so far’

Trump has PO telling us lie: “Customer requested mail held”: Trump trick to slow mail delivery

Trump now in charge of virus testing labs not FDA: his new/innovative tests not reliable

Drug insiders have taken $1 billion from us but vaccine not any closer.

57% of Republicans find 176,000 coronavirus death toll in the U.S. ‘acceptable:’ poll

Republicans have no party principles except one: believe in Dictator: “I alone can fix it.”

FL Gov DeSantis’s order in-person school during pandemic: ruled unconstitutional.

Trumper Bannon working with $Chinese$ asylum seeker: Trump does not have ICE deport him 

Sean Premock FL defrauding clients out of their life savings; promised low risk. prison

David Coggins Coral Gables defrauded investors by misrepresenting fund performance

Mark J. Boucher CA stole $2.2 million with fake letter, statements, fake bequest

PHLoans caught offered VA loans with false, misleading, and inaccurate statements

Go Direct Lenders caught misleading VA borrowers regarding credit terms, rates. No jail

Ease of trading has turned trading into a cultural phenomenon to lose money: “too easy” 

Trump lets Wall Street devour retirement savings: gambling can take our nest egg fast

Fake ID scams can ruin your credit report using genius-level method: Check yours Free!

PayPal student loans carry 24% interest so we will never pay them off: 6 mo teaser

Scammers steal $ millions and pay $1 penalty when caught: Trump’s new CFPB agency!

“Accredited Investor”: changing definition to rob 401ks: private equity too risky for us

No new taxes: Biden plays the same song as Bush I: song never worked with rich

Is it a scam?  Check AARP scamline 877.908.3360. Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Jobs

Polling workers in short supply: check your county voter registrar

Rent due without the money or job? Find help: 10 steps to survive

College rankings by how much you earn after college: Some state schools do well.

Who owns your account now?

Man who claims “king of debt” put US over the line: your family’s share is $ 426,824+

Investment fees may be killing your future: Cut fees in half and double your future egg

Kabbage to American Express: Biz payments, cash-flow, financing fintech

Miracle:

HALF million votes not counted: too late, no signature, no match: no good

“Wealthy hunter types” may save the Alaska salmon region--Junior: “fragile fishery”

No one killed: Far-right extremists: armed terrorists fire on Portland protestors

Neighbors stepped in to help couple save their home after townsfolk complained

Teens fight discrimination by helping those in need: they overcome bias with love

Republicans for Biden: “save their souls” from evil deeds: cage children, pollute

Why teachers care: required to work in unsafe conditions means quit or ill or die

$7 glasses for people who know what they want and don’t want to spend $600.

He ate the whole thing: https://twitter.com/animalsworid/status/1296104746772656130

IAN

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