Why starting investing early earns 10 times contributions

Why starting investing early earns 10 times contributions

$250 a month, $3,000 a year, gives you $995,000 in 33 years, IF you invest in a low-cost stock index fund in your 401k or Tax-FREE account. $3,000 for 33 years is $99,000. If you keep adding your stock dividends automatically and don’t stop compounding in the same fund, even when it goes down on paper, you end up with about $1,000,000. You don’t do anything else with your money. If you start late, add more each month. This investment strategy is recommended by Warren Buffett, one of the greatest unbiased non-commission advisors in history. You don’t manage it or let anyone else touch it. They will take your earnings and you are left with 3.79% not 11%. A fee and commissions can take up to 63% of your accumulation over time. You alone earn about 11% over time—not every year. Some years you earn 30% and some you lose 30%. However if you invest like Buffett—no selling or trading—you average 11%. This is not a buy and sell, ‘sector rotation’, or ‘buy on dips’ strategy. It is the “snoring” strategy. Let compounding work.

Use the snoring strategy: https://www.amazon.com/Warren-Buffett-Millionaire-money-snoring/dp/1508887381

Tax return due July 15: Extension automatic with form

If you could not meet with your preparer and can’t complete the online tax return using one of the FREE software programs, you can obtain an extension to October 15 just by filing a form with an estimate of what you owe. IRS wants the money—the return can wait—since they have 3 years to find any errors. Fill and print and pay form:  https://www.irs.gov/pub/irs-pdf/f4868.pdf

If you cannot pay now, sign a payment plan so you pay over time. Since millions are out of work, this is expected to be big solution. It is unclear what your interest rate will be.

Pay no taxes in retirement: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

401k company match suspended?

If you are one of 12 million workers who have had your future retirement fund reduced because your firm has cut their 401k company match, you can still reach your goal. Your tax-advantaged plan must be modified, at least temporarily. If your current income allows it, you can continue to grow your retirement fund by starting a tax-deductible or tax-FREE IRA account. With a regular IRA, you do not pay income tax on your contributions now. With a Roth IRA, you pay income tax at today’s lower rates so you receive tax-FREE income in retirement. Most advisors think tax rates will be higher in the future so you will be able to pay less tax on your IRA distributions. Depending on how much your Roth IRA fund grows, you may be able to reduce your taxable income significantly so that your Social Security benefits are less or not taxable also.

https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Deducting your work-at-home expenses is difficult

Trump eliminated the deduction for unreimbursed business expenses and home office in 2017. The previous tax law allowed the federal write-offs for unreimbursed business expenses and home offices, along with most other miscellaneous itemized deductions. So if you had to upgrade your laptops, ergonomic chairs and high-speed internet, you might want to check with your employer. The federal tax code lets employers reimburse employees for costs that are reasonable and necessary for them to do their jobs amid a disaster, and the Internal Revenue Service has said the pandemic qualifies. Self-employed folks take these and other expenses as a reduction in revenue before income is taxed. That is how our President gets to boast that he pays NO income taxes.

America has officially become a socialist country: socialism for the rich

In March 2020, our Federal Reserve, the US central bank which creates money gave its Power of Attorney to mutual fund firm Black Rock to buy stocks and bonds with our money. Like Russia, our government will now own businesses that may fail. It has already purchased the debt of US companies in trouble or on the verge of failure. This makes it likely that business people will have no reason to act prudently with their (our) business assets and senior staff salaries. Like the investment banks in 2007-8, they know that they are “too big to fail.” They know that we taxpayers will keep them afloat even if they are not good business or money managers. This has happened recently when the Fed started buying bonds—debt of certain companies that had made poor decisions. I know, most taxpayers still think America is a capitalist country. We were founded on the idea that if a business failed, it would NOT be kept afloat by the government—the investors who own the company would lose their money, not us. Now the GOP-backed Trump regime is doing just what Putin does—using the people’s money to help out businesses owned by Putin and friends. If the stocks and bonds owned by the Fed fall in value or are worthless in the future, we taxpayers will still have to pay the interest on the money borrowed to buy them. The Fed is America’s investment bank account. 

Avoid taxes to float bad business: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584

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

Mobster plans to void 2020 election

Mobster PR firm: “the coolest president ever.”

 Mobster frees felon before prison 

Mobster must give NY all tax returns: not above law

But not before election

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

National Garden: statues of “Billy Graham?, Antonin Scalia?, Joshua Chamberlain”? Christopher Columbus, Junipero Serra, Marquis de La Fayette, not Americans

Without taking action, Congress takes 2 week vacation from US: Prez happy talk

Trump donors got $273 million of virus federal aid meant for small biz

Congress people take virus federal aid meant for small biz too: double dipping

Wealthy investment firms took virus federal aid meant for small biz too

GPB Capital alleged Ponzi firm took $million in virus fed aid after poor management losses

Trump press secretary parents took $1 million virus federal aid meant for small biz

Trump Friends and Family Cleared Millions in Small Business Bailout

Wealthy entertainers took virus federal aid meant for small biz

Catholic church took $1.4 BILLIONS virus federal aid meant for biz: church not biz taxfree

Trump force schools to open with virus: political strategy for election: cut funding

Follow virus aid guidance from the Small Business Administration and the Treasury.

SCAMS/SPINS:

"National Garden of American Heroes," "statues of greatest Americans to ever live."

“opponents of national socialism or international socialism”? Trump inducts self as hero

Terrorists with assault weapons converge on Gettysburg believing another conspiracy hoax: fake

Gun Sales are Off the Chart: racist GOP raising fear levels; virus chaos; racial protests

My Loan Doctor caught deceptive acts or practices: took $15 million from 400 CD buyers falsely 

Timemark solutions charged illegal advance fees: loan terms change in federal student-loan debt

Quest Diagnostics 401k caught excessive fees on Fidelity actively managed target-date funds.

Law firms for the wealthy take $13 billions of virus money meant for small biz.

nine brands sanitizer to avoid because they contain methanol: FDA says dangerous.

All Clean sanitizer recalled: methanol is dangerous

New Balance cat food recall

Android apps that steal your personal data: Google can’t keep up with bad actors

Trump niece stunning book sales: he had a hard life growing up and that is all he knows

Payday lenders no long determine if borrowers can repay with interest: Trump donors win

Eviction threat rises as virus threatens reopening jobs: Check your rights; note intimidation.

Our credit history ruined by mortgage servicers: gave fake virus payment extensions April May

Jobs

Ohio is extending unemployment benefits another 20 weeks

at-home coronavirus testing kit approved Ohio Kroger workers are first to get it.

Employers can discriminate on women all they want: Supremes: no birth control equality.

Money managers losing the rich: outsized fees--1% assets no matter how manager does

Who owns your account now?

Appliance Brand Reliability Rankings: Miele, LG leaders in most models

State Farm cuts auto insurance rate in LA by 10%: starts August

Mortgage pre-approval required by some home sellers: saves virus exposures

Miracle:

"Walk With Shawn" 300 neighbors show up so Black man can walk without being shot by whites

Artic meltdown: no one “expected the changes to happen as fast as we are seeing them happen.”

1 in 3 dog owners would choose their pet over their partner Amazing

30 Czech volunteers make functional ventilators in days from common materials we paid $59,000

Supremes invalidate electoral college: electors can NOT pick Trump over real voters as in 2016.

Supremes give HALF of OK back to the original owners: Muscogee Nation gets back rent?

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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Give your child a leg up! Make sure they can make and manage money

Give your child a leg up! Make sure they can make and manage money

Make sure you teach your kids how to create wealth the easy way. Show them the Warren Buffett investment strategy. My parents were not investors. At my first job, I had no clue which investment to use for my 401k contributions and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities’ licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost high-deductible insurance, to buy two homes and 5 cars (over time) with higher down payments or cash, and now to receive $2,500 a monthly in retirement supplement.

Building Wealth Is Like Brushing Your Teeth: https://www.amazon.com/Give-child-leg-up/dp/1096505355

How long will this bull market last?

Despite what every Wall Street guru and professional economist says, NO one knows. So instead of us trying to time the market so we get out at the top and in at the bottom, we will take the average of 11% a year. If you had taken the advice of the ‘wise men’ at Morgan Stanley, you would have missed the largest YTD gain 17% since 1998. This is why we have to acknowledge that our brokers/advisors or whoever can’t know the future. Given that this is the way it has always been, we are not under broker-induced delusions. We are ‘buy and hold’ investors in low-cost funds at Vanguard. We put our money—short and long—in both stock and balanced funds. We keep adding more to our portfolio because we think American business will continue to grow globally. Even with 2008 loss of 37% we had gains of 29% in 2009 and 32% in 2013. Not many advisors were able to guide their clients to ‘sell high and buy low’ and come out ahead. The buy and hold crowd did come out ahead. Buffett: http://fortune.com/2017/12/30/warren-buffett-million-dollar-bet/

Use low-cost funds; be patient: https://www.amazon.com/Warren-Buffett-Millionaire-money-snoring/dp/1508887381

What to do when your LTCI premium rises?

Genworth, the largest long-term care insurer by number of policyholders, received approval in the first quarter to increase premiums an average 62%. Other carriers have received even larger premium increase nods. Insurers cite increased longevity, spiking health-care costs and sustained low interest rates. State insurance heads have granted almost every request. So what can you do? You will need to check with your seller or read the contract and see if there are options. Nearly 90% of people will NOT need a big policy. Generally you could cut benefits, pay up or cut your loses and build your own fund. After all, if you pay the insurer $2-3,000 a year, you could have $200,000 in 20 years. What if you don’t need LTC, you would lose your entire premium values. You could use it to supplement your income since everyone is living longer, experiencing increasing drug prices and lack of investment yield. Beware the salesperson will try to re-sell you and keep the policy by scaring you with huge potential costs in the future.

Consider alternatives: https://www.amazon.com/Long-term-Care-Insurance-Updated/dp/148274001X

Best ways to protect yourself from identity theft

1. Freeze your credit report with appropriate credit bureaus—list of bureaus.

2. Use random symbols, letters and numbers to fill up password block.

3. Use email not text to send passwords, names, address, and sensitive data.

4. Use an encryption key set up for very sensitive data.

5. Avoid public Wi-Fi devices and rental car Bluetooth to connect to the internet.

6. Using Chrome to save passwords is a trade off—caution: settings/passwords.

7. Phishing is your greatest threat—confirm by phone anyone asking for data.

8. Change critical account passwords every 3 months—never use same one for all.

How could Trump claim billionaire status and lose $1.17 billions?

Answer: US tax code and ‘creative’ accounting. The 10-year total: $1.17 billion in paper losses from commercial real estate ‘depreciation’ so he could avoid paying taxes on his actual cash income. Mr. Trump was able to declare he lost all that money without facing the usual consequences — such as a steep drop in his standard of living — in part because most of it belonged to others, to the banks and bond investors who had supplied the cash to fuel his acquisitions. And as The Times’s earlier investigation showed, Mr. Trump secretly leaned on his father’s wealth to continue living like a winner and to stage a comeback. Running for president was just a “marketing opportunity” for Trump according to his lawyer. After US lenders were burned by Trump’s poor management skills, he turned to Russia and its money-laundering oligarchs to keep the con going. The marketing worked. The GOP gave him another tax break and Congress kept silent.

Use your tax break: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Can your broker/advisor really find the sweet spot of investing?

More studies show that whatever the current fad—factor investing or ‘smart beta’ could be worthless like its predecessors. As soon as someone thinks they have found the holy formula that provides more return with less risk, it probably will fail. Stocks with better returns get purchased, driving down any future superior returns. So if investors are avoiding only funds that are correlated with the market they are avoiding risks that just don’t matter that much. If investors think that a hedge fund manager has a new formula, the rush to capture the fund’s returns cancels it out. Charles Ellis pointed this out long ago in Winning the Loser's Game. The delusion of a rational market persists so Wall Street can make its’ $ billions from our money. I can live with 11% long-term return.

Keep your money: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

“The campaign -- for him -- was always a marketing opportunity.”

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

Will voters who need ObamaCare vote for it?

Can a mob boss snub Congress’ subpoena?

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

Can Trump raise 63% job participation rate or is that too ‘socialist’? Wealthy got theirs!

$3.7 Trillion spent for better health care but failed: all agree data firms got rich.

Air Force upset GOP: buys F15 not F35, A10—reliability over gadgets; saves money too.

GOP violated Constitution to assure GOP elections in OH. Dems were locked out.

Trump revokes press pass; stops briefings: Dictators have only propaganda-no free press.

Public schools violate church/state law: high schools learn religionists’ biases not God

SCAMS/SPINS:

GOP already kills infrastructure plan of Trump-Dems: tax breaks OK; bridges roads Nyet

Did Boeing kill 2 planes full of people? Failed to warn pilots about bad equipment.

Tariffs are national sales tax (socialism) we pay: Trump continues B.S. for the ignorant.

400 Fed prosecutors say Trump is criminal: obstruction if he were not above the law.

Trump sends combat ships to Iran to divert attention: gin up his supporters.

GOP uses religion to let your doctor/hospital refuse your medical procedures.

Andrew Scherr, Robert McGraw caught fraud on insurance firms so the claims not paid.

Brian Fettner caught stealing info for insider trading from friend’s home: fine no jail

Stephen Querzoli caught trading A shares for larger commissions losing client money 

Reviva Brain sued for fake brain health claims: Tiger Woods testimonial not his skill.

Young Living sued for fake health claims as pyramid scheme enriches owners.

Trump’s double sent to jail for swindling hotels/banks: fake ‘German billionaire’ lied

Acadia Healthcare defrauded WV Medicaid $8.5 million: fined $17 million. 

Jeep & Ram owners get $3,000 for buying high emission vehicles: Fiat cheated on tests.

Angie's List’ ‘top-rated pros’ really advertisers: Home Advisor too. We guessed all along

UBS caught promising low risk high yield from leveraged, esoteric options: lose 20%.

Debt collectors allowed to send consumers unlimited text and e-mails. PAC payoff.

Melting global ice pack allows more trade opportunities for Trump

Trump grabs Kim’s N Korea ship: Unlock your bomb shelters, new rations, batteries

NY State voted to give Trump tax returns to Congress—not ‘under audit’—he lied.

The Mob Boss can never go to jail: Trump has Kava as Supreme so no contempt.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, prez can change Constitution anytime.’

Jobs:

Where did good jobs go?

Female eighth-graders scored higher than their male peers on TEL test

Nestle cuts 4,000 jobs at store delivery units

Columbus digital insurer Root Insurance to hire 400 of 940.

Who owns your account now?

Big Brother recording everything you say and you don’t have attorney–client privilege

Trump has won! 7 million more people do NOT have health insurance: use expensive ER

Wash Post identified 33 or 37 Trump misinformation tweets—best in class

Make your will free: https://www.freewill.com/r=ga Verify requirements for your state: https://statelaws.findlaw.com/estate-planning-laws/wills.html

Miracle:

Humans killing millions of species needs miracle to stop us.

Kendrick Castillo gave his life for his peers: “Greater love hath no man” John 15:13

How many guns do you need to go hunting for defenseless animals? FL arms teachers

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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