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

 

Why investing in gold and gold IRA is a bad idea

Gold is a thing and that requires protection in a safe place. Gold has neither dividends like a stock nor interest like a bond. It does provide inflation protection over long periods of time. There are better ways to beat inflation even in the short term. Since gold produces no income, there is little reason to keep it in an IRA. In fact, turning a capital gain asset into a high personal income tax asset makes no sense. Even as a long-term asset, gold falls short. In general, gold performs relatively poorly when stocks are in a bull market. One reason is that gold is not an income-producing asset, nor does it represent growth in a particular company or sector. Rather, it is valued for its relative scarcity. Right or wrong, gold is widely viewed as an inflation hedge—a reliable measure of protection against purchasing power risk. The precious metal may not be the best option for that purpose, though. Some view U.S. Treasury bills as a superior safe-haven alternative to gold but Buffett’s choices create the safest portfolio.

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

 

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

 

How did you do in 2023?
Hopefully if you pay your advisor/broker to keep you in the pink, you did better than the top low-cost Vanguard funds. Most of these funds owned by my readers cost less than 0.25% per year with no commission, purchase, redemption, or marketing 12b-1 fees. Most of them do not trade so there are no market timing mistakes. Few if any readers tried to sell before a potential market drop. They stayed invested so they would not miss the market up-tics. Those who sold out may miss the quick upturns that can happen in a 10 day lurch.

https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

 

Stocks on sale: Now is the time to get bargains for the coming years

Tesla stock fell this week alone — and has dropped around 65% in 2022. Despite the craziness, some readers are buying now since Tesla leadership in EV vehicles is established. The other tech stocks are a buy also. The S&P 500 Index stocks are down 20%. This means you can buy all your favorite companies—Apple, MS, GM, GE, ATT, Amgen, Pfizer, J&J—with one contribution at a discount. When would be a better time to buy ALL of them? Warren Buffett: be “fearful when others are greedy, and greedy when others are fearful.” Everyone is selling; now is the time to buy. Consider what happened the last time the stock market lost 20% or more. Usually the market recovers and returns to its norm of 11% per year. Over time, your account of a buy and hold low-cost stock index provides $1 million in 35 years at $250 a month.

The Buffett Way: https://www.amazon.com/One-Decision-Investing-Buffetts-strategy/dp/1723529176

 

Finding more cash in 2024: fight recession

Being frugal can be fun. Your goal is to see how much you can save to protect yourself from any emergencies. 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% off from highs in 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 $100 a month? There are less expensive alternatives. Slow cooker carrots, pot roast or meat loaf 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) on finance charges.

Save $3,000 a year: https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

 

 

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

 

 

Like 1776, this period is a test of democracy—We 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 limit” J6 comm threat

 

January 6, 2021 “A 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 Dictator” to run our House of “Representatives”

 

 

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

Biden auctions 35,000 acres of land in Wyoming to oil and gas drillers: Biden lied

812,000 Texas children have had their health care coverage cancelled

Wasted taxes: NASA builds gravity machine to live on Moon Mars but people get sick

 

NASA pays $1 Billion to destroy Space Station: Wasted taxes

 

SCAMS/SPINS:

Congress disgusted: Thirty House members: 19 Democrats and 11 Republicans quitting 

Many GOP states are overriding Dem cities, DAs, election offices, limiting local control

GOP Bill to 'Fast Track' Social Security Cuts: wealthy take worker’s earned benefits 

IRS: how to avoid tax scams: video provides tips

 

Probe into 73,000 Chevrolet Volt cars over loss of power

Honda recalls more than 300K Accords, HR-Vs: seat belts fail

Bank America caught submitting false mortgage lending information to Feds: fine

Annuities sold on unrealistic returns, vague terms on return caps and floors, fake tables

BofA Securities engaged in 717 instances of ‘spoofing’ (fake trades to create attention)

 

Recall: cantaloupe, peaches, plums, nectarines Listeria outbreak large stores

France to ban smoking in parks: create a "tobacco-free generation by 2032

Israeli airstrikes on Gaza resume after weeklong truce with Hamas ends

 

 

Sassi Mizrahi CA caught wire fraud Ponzi on 40 community members: 7 years jail

Christopher Kennedy using phone while taking 7 exam: told reg “no phone”: suspended

Rep. George Santos expelled: too many violations and illegal acts to ignore even for GOP

 

Judge: Trump is not immune from civil lawsuits

 

Jobs

Fewer jobs, higher rents: 55% of young adults lived with their parents last year

jobs.interestingengineering.com/

 

 

Who owns your account now?

Best appliance and computer

Best & Worst Digital Wealth Management Providers: J.D. Power

Fewer of us say we can cover six months of expenses using just our savings 

 

7 Senior Living Facilities With Top Marks From Residents & Families

5 Home Improvements That Help You ‘Age in Place’

Veteran Homelessness Drop Offers Hope for Others

 

 

Miracles:

Gene therapy rebuilt boy’s immune system. 32 mo after therapy he made own antibodies.

 

Miracle shots: winners-2023-natural-landscape-photography-awards/676006

Bee Gee’s Barry Gibb has written more hit songs than almost anyone

Pope takes away bishop’s free apartment and salary: source of “disunity”

Bethlehem cancels Christmas festivities

 

Berkshire’s Munger on getting rich on a salary: guide to his contributions

 

 

 

@

 

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.

 

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

 

 

 

@

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

 

Make your grandchild a millionaire

 

Make your grandchild a millionaire

If you are wealthy or they have time to accumulate wealth, you can help them have enough money to do what they really want to do. 1^st case: give each grandchild $15,000 a year with no gift tax. A custody or cash account with your stock mutual fund can become a $million in 20 years. 2^nd case: give each grandchild $250 a month using automatic investment from your bank account. A custody or cash account with your stock mutual fund can become a $million in 35 years. If they convert their account to a Roth IRA the account earnings will become tax-FREE when they take the money out.

Gift of a lifetime: https://www.amazon.com/Give-your-Grandchild-1000000-Lifetime/dp/1456433105/

 

Can Congress complete the Social Security stabilization for us?

The SS Trustees Report says that we will have our SS benefits cut by 25% in 2034—just 12 years away. Congress has trouble understanding it takes time to accumulate the funds that will provide the benefits. Reason: most are multimillionairs and won’t need benefits. Wealthy members don’t want to think about taxes. Some don’t even realize that global warming is reducing their $ billions of assets. However, if we are to survive in retirement, we need to convince the split Congress that Americans agree on THREE things: ensuring Social Security cost-of-living adjustments (COLAs) are enough to, at minimum, keep up with inflation; reinstating Social Security payroll taxes on people earning more than $400,000 per year; and providing a Social Security credit to unpaid caregivers. Because Congress may not agree in time to correct the situation, prudent folks must take action.

Start today: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

 

Are stock dividends the best way to create retirement income?

Some advisors are convinced that stock dividends are the best way to fund our retirement. Few stocks pay over 3% in dividends. At $6 a year, owners of 3M for instance, must own 5,000 shares at $194 a share or about $1,000,000. Luckily, dividends are taxed at lower rates than income from 401k or IRA funds. However, we may do better by owning non-dividend shares like those in the S&P 500 that we can sell as needed with fewer taxes. Also, with inflation returning to the historical 3%, a dividend yield of 3% may actually be losing us long-term buying power. Stocks returns beat inflation. The other benefit of owning non-dividend stocks is that we can sell when the price and tax benefits are greatest. If we have other retirement income like taxable 401k and IRA money, we can postpone selling stock for income. We may have periods when we can convert the taxable money to tax-FREE money and thus lower our tax burden over time. We may need a one-time fee-only planner to help us create tax-FREE retirement income.

Tax-FREE spending: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

$10,000 annual fee

Do you realize that is the amount you are paying your advisor every year? If your portfolio is $500,000 and your expense fees and charges and 12b-1 and trading costs and timing mistakes total up to 2% each year, you could be falling behind your ultimate goal in a big way. Year after year with most costs hidden in quarterly statements and prospectus, you can lose up to 50% of your possible accumulation because of the compounding of costs. Compare your account balance to the account balance if you were using a 0.04% stock market index fund. DALBAR returns tracker says the difference can be 7%--3.79%vs11.06%. If your assets earn more than 2% and you pay 2% TOTAL costs, you lose a year of earnings if there are any. If the market falls, you lose more since there are no refunds if advisors fail to better the stock market index. For most advisors, if their market picks fail, they will increase trading costs to try to avoid a loss. This just makes matters worse. But by the time you see the loss or lack of gain, that period is over and there is nothing you can do. You could move your assets to the Best Robo available.

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

 

Another way the wealthy avoid taxes

Trial lawyers haul their mass tort winnings to tax-haven Puerto Rico

And you wonder who will pay off the skyrocketing National Debt of $28 Trillions. These lawyers, who get the lion’s share of the opioid death settlement, are moving outside the US to avoid taxes on their $2 Billion fees. This “self-described West Virginia hillbilly” did not move his family so you know he is purposefully violating the law: “If you’re a lawyer in San Juan sitting behind a computer screen, you pay zero state and federal income taxes.” You may not be ready to leave your family and friends and move your office to PR so what can you do to avoid paying THEIR share of the $28 Trillion? You can avoid some of your income taxes by using deductions from your business activities like the former president does, but that takes time and money to set up. An immediate way is to take advantage of the current legal IRS-approved retirement accounts. 

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

 

61% of households paid no federal income taxes in 2020

Are you one of the few who paid taxes last year? Households making less than about $28,000 will not owe income taxes this year, nor will about three-quarters of families earning between $28,000 and $55,000, the Tax Policy Center found. That means if you earn over about $22.47 an hour, you will owe the IRS in 2021. Congress is so divided politically; few expect the new taxes needed to cover our spending and debt interest will show up before year end. Long vacations add to the problem. Increased corporate taxes and changes in capital gains tax rates are likely to be debated for months. It is not clear whether Congress will even give the IRS the funds to collect taxes owed by the wealthy. Will middle-class families in high property-tax states ever get to deduct them fully? Will Biden be able to protect small business as Biden promised? You and small businesses don’t have access to the army of lawyers and accountants that allowed 55 profitable large corporations to avoid paying any federal corporate taxes in 2020. They cannot shift profits into tax havens to avoid paying U.S. taxes like multinational corporations can. 

You can avoid paying their taxes: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 

American tax system: socialism for the rich: "only the little people pay taxes"

 https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

 

 

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

 

 

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

 

 

Our Jan 6 ‘Truth and Reconciliation Commission’

 

Head of terrorist group gets 5 months

 

Capitol police sue Trump, his terrorists

 

House seeks Trump-terrorist link docs

 

Trump lawyers sanctioned for abusing justice system

 

Terrorist plotting to kill Gov gets 6 years

 

How Govt wastes our money:

US surprised Taliban guerillas still around: 2,352 troops died: tired of $2.2 Trillion costs.

GOP wants to keep ‘anti-terrorist’ group in Afghanistan: Vietnam started that way

Are ‘Anti-vaxxers’ really free to put the rest of us in the hospital?

100,000 hospitalized with covid-19 a level not seen since Jan. 30 when vax not available

 

SCAMS/SPINS:

TX GOP pushes for suppressing Dem vote to re-capture House seats: SB1 passed

States redistricting GOP favor for next Congress: Dems voters put in fewer districts

 

Trump booed in AL rally after vax statement: mob turns on Leader who got vax?

Conservative talk show Phil Valentine dies with Covid-19: family pleads ‘get vax’

Mom’s 2 sons die of Covid: sons refused vax: ‘I wish I could have made them do it’

 

Do it for the KIDS: Anti-vaxxers making most vulnerable kids sick and sicker

 

OR School head tells parents how to get children out of wearing mask: claim disability 

CA pastor offering religious exemptions to avoid vaccine mandate: ‘war’ dead 635,000

KS school board gives medical or mental health exemption to avoid masks

 

LA GOP officials help with philosophical or religious exemption from Gov’s mask rule

FL anti-vaxxers wait on floor for anti-body treatment not vax: sick line up full hospitals

KY GOP court removes Gov power to curb Covid: GOP ends school mandate

 

Covid vax needs booster or not: not clear who when what where?

DeSantis, Abbott and Hogan anti-vaxxers running for the White House in ‘24

 

Dr Robert Karas AR prescribed anti-parasitic drug "thousands" of times: jail inmates

“You wouldn’t get your chemotherapy at a feed store.” MS folks taking de-worm drug.

The National Guard will see you now: GA hospitals staffed by military: Covid ‘war zone’

Judge: Sacklers, Oxy, get off too easy: legal immunities: killed 500,000; millions suffer 

 

 

Bolts catch fire: GM unbolts battery: do not charge indoors overnight

Malicious QR Codes Now Used by Online Scammers

 

Covid risk on cruise ships even if vax: older cruisers warned: no hospital onboard

Seniors’ biggest mistake: SS benefits don’t go up when you reach full retirement age

 

Robert J. Mueller TX caught: stole $58 million seniors’ nest eggs promised safe returns

ISC Advisors caught over charging fees for funds: no disclosure; no SEC reporting

Online casinos report big year taking $13.6 billion from desperate poor/unemployed

John Woods Livingston Southport caught Ponzi on 400 for $110 million “safe steady”

 

Laptop crash? You can imagine car’s autopilot may have same problem at 65 mph

 

 

Pro-gun states wish to disarm the ATF power to regulate complete firearms

Family Fascism: state law gives militia a “veneer of sanctioned credibility” armed picnics

 

Jobs

Cars wait for their computers: Ford Toyota GM stop lines: Covid cuts Malaysia workers

Telemarketer jobs going away, thankfully you don’t pursue these phone pests.

factory equipment manufacturers jobs vault to highs above 2019 levels: good pay

 

Delta charging no-vaxxers extra health care premiums: selfishness costs

Robots replacing low-wage workers pushed by venture capitalists

 

Who owns your account now?

Supremes as owners put millions on street: evicted before recovery: didn’t even sign order

 

Miracles:

Congress considers giving seniors Medicare dental coverage to some extent: on to-do list

Athletes helping young ones understand how money works: learning basics avoiding bad

Earth Fire: 2020 was Europe's hottest year on record

 

Greenhouse gas concentrations, global sea levels hit record highs in 2020

 

 

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/

 

 

Are your financial biases risking your future?

 

Get to know your financial biases for a more secure future

What are the Fundamentals of behavioral finance? First: overconfidence bias. New investors make a killing on one of their first trades and now they feel like Masters of the universe. Self-deception means we miss information vital to making informed decisions.

Second: Over-simplification means we think “investing is simple—just do what we did before.” Some people try to mirror an action they read about like buying Coke because Warren Buffett owns Coke. Third: Emotional decisions. Some folks hear about a fantastic money-making scheme and avoid doing their own research. Internet chats tell them to buy Vietnamese Dong and check the site for the signal to sell. Fourth: Social pressure means you hear that the “smart money is selling health care stocks short.” That advice may have been accurate last month but not now. Learn more about your biases here. Remember, the middlemen only make money when you buy or sell. It is your money!

https://www.amazon.com/Fact-based-Investing-first-million-hardest/dp/1977574270

 

 

Is a health savings account right for you?

When health care needs are NOT great—you both are in good health—this kind of account lets you save money in a tax free account. You may accumulate funds until you need them year after year—even later in retirement. This account may be set up IF you can buy or your firm offers a high deductible health care policy. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your overall health care costs. HSA funds generally may not be used to pay premiums. While you can use the funds in an HSA at any time to pay for qualified medical expenses, you may contribute to an HSA only if you have a High Deductible Health Plan (HDHP) — generally a health plan (including a Marketplace plan) that only covers preventive services before the deductible.

https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

 

 

Many wealthy people want to copy Trump’s $750 tax bill

“Why can’t I do that?” Less than 0.5% of very high-income households paid as little tax as President Trump in 2016. Few of us of any income can match Trump’s avoidance methods. With median incomes (AGI of about $50,000 to $75,000), only about one in 10 paid $750 or less. 45% of those middle-income households paid between $5,000 and $10,000 in federal income tax. People who know about taxes think that Trump took questionable deductions. Trump has special legal entities to avoid taxes. Real estate development is especially ripe for cheating—almost anything can be considered an expense in the real estate biz plus depreciation on buildings provides extra large deductions. Also Trump has turned his business failures into huge tax benefits. Most of us cannot deduct the huge real estate loans he used to develop properties that failed. If we go bankrupt, we can’t deduct the loans like he did. His accountants have used questionable techniques in that area according to some experts. For instance, Trump used special appraiser friends in inflating the value of his ‘woods’ to produce a tax avoidance of $21 million. Trump has left a low-cost method of tax avoidance for us in current IRS rules.

Use the IRS approved tax-FREE account for working people:  https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 

Are you ready? Social Security will cut benefits in 10 years

Social Security Trust Funds are expected to see shortfalls starting in 2031, three years earlier than expected, according to a new forecast from the Congressional Budget Office (CBO). Without Congressional intervention to shore up the funds, the SSA will need to cut benefits to retirees and beneficiaries as much as 25%, CBO said. With the loss of revenue from GOP tax breaks to the rich, Covid pandemic economic effects, and low interest rates, most smart investors are expecting less retirement income. For those who have at least 10 years before retirement, savvy investment moves could offset the loss of SS benefits. We don’t know what will happen to the market in the future, but we do know fixed income CD rates of under 2% won’t help us. The only inflation killer is a portfolio of stocks. Despite the fall in prices in 2007-8, those who held on did great—earning 13.58% per year over 10 years; 11% per year since 1976. If you start now, you will have enough for retirement since no one takes ALL their money out of stocks when retirement begins.

Avoid the cuts: https://www.amazon.com/Your-Retirement-Spending-Plan-have-enough/dp/1461084016

 

 

 

Need to save money? Save over $3,500 a year

When returns on investments are low, paying your advisor’s fees can rob you of over $100,000. If your investments are earning 6% but your fees, commissions and expense ratios total 2%, your account will grow HALF as much as it could have over time. Example: You invest $250 a month for 35 years with costs of 2% per year. You end up with only $229,194. If your 6% a year on average only cost you 0.07%, you would end up with $352,216. That is $123,022 more—HALF again than with advisor fees. You can always hire an advisor when you have a problem. Your advisor pockets the $123,022. Most of us are correct in assuming advisors are a luxury item. We can’t afford to give away that much of our nest egg. Plus it could be tax-FREE, adding ¼ more.

https://www.amazon.com/Tricks-Trade-Save-Mutual-Funds-Insurance-Annuities/dp/1535497289

 

 

 

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

 

Like 1776, this period is a test of democracy—do we really want a Dictator?

 

Supremes decide election … again?

“Follow the money”

 

Dictator to terrorists: “Stand by”  We will see [if I leave WH]

Dictator: I’m not inciting terrorists, just “having fun”

Dictator: “I just start kissing them” 19 women

Dictator: Plan to eliminate FBI, jail opposition

 

How Govt wastes our money: Our Representatives gave 3.7 Trillion to the wealthy! 

NASA putting 4G network on moon: many kids can’t do online school here lacking 1G

Trump blocks CDC guidance on masks on all transport: Almost like he wants us to suffer

Trump blames leftists for protest violence but court docs say young adults from burbs

 

Trump’s Post Office mail tampering/slow down may decide our election: Swing states

Trump’s family separation operation can’t find parents of 545 children: Child abuse?

Trump’s GA immigrant prison doctor did “forced unnecessary gynological surgeries”

 

Trump mob to get discount on $ Billion no-bid contract for 5G network: we lose control

 

 

SCAMS/SPINS:

PA tossed 372,000 votes because voter checked box requesting future ballot: GOP wins

Roberts & Supremes allow ballots post marked Nov 3 to be counted despite slowing mail

Putin’s hackers change election: picture says “1 million Trump event”; really musicfest Zurich

‘60 Minutes’ too rude, biased to Trump ego so he walks: Dictators need positive messaging

 

21,000 Election Day polling places have been eliminated to help Trump win: 11 hour wait!

GOP uses any means to stop voting even when it helps them: NO standard for signature review

Postal service benches its police who guard mail boxes: thieves encouraged to ditch ballots

Company employees threatened with job loss if Trump loses: FL GOP pressures companies

Trump brags he can shake-down Exxon for money: Trump did it to casino owner for 75M

Jared to start new Trump media outlet: Trump-branded product outlet; rebuild brand/empire

 

Trump paid $188,561 taxes to China but just $750 to US: average American paid $3,346

Trump mob member Broidy pleads guilty to unregistered foreign agent for China: no jail

Another teen Trumper caught plotting to kill Dems: AR 15 & explosives van;

 

Ten states Friday reported highest one-day cases: Trump rallies mass spreader: 224,000

Schools open then close: virus cases up: teachers face life or death or fired

Grace Community Church CA no masks violation: three virus cases so far

30% small biz run out of money by Dec: Mitch GOP says no money for working families

 

OxyContin maker guilty defrauding US; not murder of 450,000: Sacklers not jailed

SEC asked firms to tell us the truth about their bad acts: Wall Street does not: Surprise!

Mark Gelvan caught running fake charity (vets, cancer, disabled) $56 million: spent most

Motty Mizrahi CA caught defrauded clients $3 million guaranteed risk-free returns

 

Sunshine Mills announced a recall of certain pet food: poison mold kills

DoorDash, Grubhub, Uber Eats caught charging restaurant 20-40% fee to deliver plus tip

Insurers caught taking some drugs off their coverage list: how to buy now

 

Vast Tech, OMG Tech caught tricking clients’ computer problems so buy tech support

Health Insurance Team caught fake state website mislead buyers with private fee plans

One-Time PIN Code Scam: https://www.youtube.com/watch?v=j43rcSe_vik&feature=emb_title

 

Is your vehicle the most popular with thieves? Make sure your coverage is complete.

New York Stock Exchange Prepares To Leave NJ: Trade Tax Threatened: NY Exchange in New Jersey

Trump claims Google stifling competition and innovation: I tried others—just garbage

Eric Trump caught tricking voters with fake photo of Mr Cube’s hat: how low can go?

 

 

Fake product reviews: https://www.pcmag.com/how-to/how-to-spot-a-fake-review-on-amazon

 

10 online shopping scams: how to tell it’s a fake: fake copycat websites look like official

Is your employer watching you at home? ‘You have 60 sec­onds to start work­ing again.’

Ultimate intimidation vehicle goes electric: does the gun rack fit? The $113,000 toy.

 

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

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

 

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

 

Jobs

NJ hiring and training coordinated by gov: 70,000 jobs goal

No GRE required: Information and Data Science: online UC Berkeley

CVS Health said it will hire 15,000 employees: winter contagions

 

Who owns your account now?

Medicare: enrollment Change plans from Oct. 15 https://www.medicare.gov/plan-compare/#/

NJ Health marketplace: Replaces HealthCare.gov in New Jersey at getcovered.nj.gov.

Best quality/safe/reliable used vehicles for teens: CR picks start at $7,000

 

Charlie Brown TV specials cancelled: Apple bought Christmas and Thanksgiving specials

Avoid first-time home mortgage mistakes: get best deal for long-term loans

 

Miracles:

MI bans assault weapons near/in polling places: Trump encourages terrorists to be there

You pay less tax if you earn over $142,800: income over $142,800 Social Security tax FREE

Trump’s food stamp cuts for 700,000 poor outlawed Sunday: 8 million new poor since May

 

Top military leaders vote Biden: 'The world no longer looks up to America'

Pope: "Homosexual people have the right to be in a family. They are children of God,"

GOP Supremes could derail progressive laws in 2021: 3 years for Roosevelt to re-balance 

 

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/

 

 

IAN

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