Can You Guarantee a Comfortable Retirement?

 

Stock market volatility means portfolios can jump 3% a day

Dow jumps 765 points, oil soars on OPEC speculation, US dollar gets stronger. But next day the market can fall 3%. If this makes you afraid, you are in good company. As Buffett has advised, be “fearful when others are greedy, and greedy when others are fearful.” Despite the panic, this is the time to buy stocks or stock funds. This type of market action is also proof that market timing—trying to pick the lows and highs—is too hard to be successful. Even the ‘experts’ can’t do it. The only folks who are good at timing the market are administration execs and Congress people because they can trade on insider information. They know when a buy or sell is a sure thing. Their excuses for breaking the law range from oversights, to clerical errors, to inattentive accountants. Now you can buy the same stocks as they do using new ETFs. Even if they face a $200 fine, they are happy to violate the law. We are not treated the same—we can go to jail. Buffett says just stay with your well-diversified portfolio because over time you will make more money. “We continue to make more money when snoring than when active.”

https://www.amazon.com/Assets-that grow-themselves-snoring/dp/1986381226

 

Is this a good time to buy an annuity?

Folks buy an annuity for Guaranteed Retirement Income primarily. But recent low interest rates may sentence these folks to problems in the future. For $100,000, a male age 67 would receive $640 a month for life starting this month. This fixed amount would not change to accommodate inflation so if you live for another 20 years (average life expectancy) you could buy only about HALF the stuff you bought today. Annuity contracts are based on current interest rates and so if the insurer earns more on your money in the future, they keep more. There are options. Consider a balanced fund with 65% bonds and 35% stocks. This type of fund will provide interest and securities’ gains over the long term. You will be able to keep up with inflation for the next 20 years. And you pay no high fees. You don’t give up gains that can beat inflated prices.

https://www.amazon.com/NO-Cost-Annuity-Years-Income/dp/1508487308

 

Can You Guarantee a Comfortable Retirement?

Contrary to the marketing hype from the financial services industry, they can’t guarantee a comfortable retirement. But you can on your own! First, advisor costs can take up to 63% of what you would have had. As Bogle puts it, “the tyranny of compounding costs” is overwhelming. Financial COSTS determine success. According to a Morningstar study, low-cost funds beat high-cost funds PERIOD. You are better off with index funds—11% over time—they cover inflation. Second, create a “crucial needs” fund for health, car, home, other emergencies. Third, pay off all debts even if you have to get a 2^nd job. Fourth, use a tax-FREE account for college savings. Fifth, lower monthly expenses so they are covered by regular periodic retirement income (SS benefits, required minimum distributions, pensions, and savings).

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

 

 

Why are workers putting off retirement?

A recent study found that 40% of workers say they are delaying retirement. You can guess the reasons. Spouse lost their job. Market fell after huge gains in 2021. Retirement is boring. How many days can you fish or play golf or garden? Health care costs have hit you hard. You are now supporting someone you were not responsible for last year. Savings has been depleted because of Covid interruption in earnings. Inflation has forced you to rethink your retirement spending pattern. You found you had less money to spend in retirement. Stock market collapse scared you into redoing your number. You can cope with these challenges by making a practical plan.

https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

 

 

 

?**********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

 

Trump: President Biden is 'enemy of the state'

 

 

Nov 8 2022 Trump’s “national revolution”

 

Jan 2025 Dictator pardons himself: his Supremes Agree

 

 

How Govt wastes our money:

GOP to keep IRS away from wealthy tax avoiders: ‘Smart’ people don’t pay taxes

 

Trump new corp: move assets to avoid disgorgements, fines, charges, punishments?

Trump’s legal expenses consumed GOP donor money: The Leader gets all the money

Trump fails to use Supreme Court to avoid jail for stealing nuclear top secrets: delay³

Trump blames the movers for nuclear secrets box going to FL club: delay delay delay

 

Did Trump’s illicit gains (nuclear secrets) docs go to top bidder Tao Liu already?

Will Trump seek asylum from Putin for stealing secret docs like Edward Snowden?

Employment up so rates rise on cars, homes, food, utilities, gas: Exxon, Saudi profits soar

 

SCAMS/SPINS:

Jan 6 Committee has made no criminal referral to the Justice Dept: Trump beats system

Why isn’t Trump in jail already? “Delay, delay, delay” his mob lawyer said

Saudis feel Donald Trump’s party will protect them from any gas price hike backlash

Saudis: $500m investment in Russian oil giants Gazprom, Rosneft and Lukoil Feb ‘22

 

General’s holy war: Flynn does a number on the tent crowd: “Army of God.”  Baths free

Is Grand Old Party really dead: Trumpists lead the CNP Christian Nationalist Party?

 

Supremes fail to give fetus constitutional rights but take women right to chose pregnancy

Ye assures Tucker: 'I will eventually be president': after Don becomes The Dictator

NV GOP promises election officials in most states will make sure Trump elected 2024.

 

SS office lines like other socialist countries: try online or other state’s offices

Bullet-proof glass, armed guards in U.S. NOT Venezuela election offices tighten security

 

IRS paperwork clogged up: with no funding, no staff wait years to get refund/answer

IRS sending invite to claim benefits you might have missed: forget paper return

 

Hack: Facebook users credentials compromised: photo editors, games or health trackers

SCAM: ‘Discount’ claims on Amazon are often more expensive

BEWARE: Walgreens will use robots to fill prescriptions: Check med TWICE

BEWARE: Many college-sponsored financial products cost students more than bank

 

Andrew Joseph Mitchell caught pocketing insurance payouts $7.9 million as adjuster

Ronald T Molo caught stealing $800,000 promising high return in own fund

Charles V. Malico caught violated Reg BI not in best interest: churned 350 trades

 

Vania May Bell caught Ponzi fraud $11.4 million: promised bond interest: prison

New Harbor Financial caught selling risky inverse leveraged exchange traded fund.

 

Blotter: Apple Crash detection is calling 911 when users go on roller coaster rides

 

Hunter Biden caught sufficient evidence to charge tax crimes and a false statement

GOP silent on Leader’s secret documents theft: Trump’s Supremes not block justice

FL GOP wants emergency funding for FL but nixed disaster relief for other states. 

 

Wow: Down Payment for a typical House Has Doubled in Just 3 Years: $62.500

 

UK tax rate cuts for rich reversed: Chancellor Exchequer quits; wealthy cry

 

Jobs

More employers adding reproductive health coverage: attract, retain workers

Flex jobs home work: https://www.flexjobs.com/blog/post/5-work-home-jobs-retirees/

50 companies with highest overall Index scores: opportunity, mobility and pay it offers.

 

ACT scores fall to lowest in 3 decades: 42% failed English, reading, science, math basics 

 

 

Who owns your account now?

He rowed a boat from New York to Ireland in 112 days but can’t swim

Social Security COLA hike 2023 is 8.7%

Inflation falls to 8.2%: not enough for Fed

 

I bond interest rates fall to 6.47% as of Nov. 1, down from a record 9.62%.

 

You Can Power Your House With A Pickup Truck? Maybe...It's Complicated!

 

Medicare open enrollment Oct 15 Saturday: change plans or use Advantage Plan

 

Miracles:

Crohn’s Solved? Common Stomach Bug May Cause Inflammatory Bowel Disease

Nice Jewish Boys make it: https://www.tiktok.com/@miamiboyschoir/video/7134418176980372778

Biden has reunited 500 children separated from their parents by GOP Leader

 

IRS waived 50% penalty on missed 2021 and 2022  RMD inherited accounts in 10-year rule.

Mortgage giants allowing borrowers to skip payments while they recover from Ian. 

Blood test that could detect cancers early will undergo trials

 

First wind-solar-battery project is now online and can power 100,000 homes

150 cities worldwide with fruit trees, vegetable gardens for anyone to pick free of charge

NASA spacecraft changed the asteroid's orbit by 32 minutes: proof we might avoid another crash

 

Non profit org of pilots of small airplanes help people seeking abortion out of state

Connecticut lawyers provide pro bono legal advice to women seeking abortion services.

 

 

 

 

Our Universe

Light is both a particle and a wave depending on how we look at the light.

I don’t think that there is any such thing as a position or a velocity of a particle.

Everything (galaxies to stones) in universe made of subatomic energy ‘vibrations’

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

Mass–energy equivalence: E=mc^2.  At the smallest level; Everything is moving a little

Physics Nobel Prize: “entanglement” 2 particles share info instantly at a distance

“It may be that gravity and quantum mechanics are exactly the same thing,” Leonard Susskind

 

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

Universe expanding: events may not come together like they did before.

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

“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/

 

Tax-refund Millionaires

 

Tax-refund Millionaire-- https://www.irs.gov/refunds

Most people spend their tax refund—your refund could be a retirement nest egg.

Michele had trouble saving. She seemed to always be waiting for her next paycheck. She never had enough to save for a rainy day like her Mom did. She used to make about $55,000 as a shop manager but with federal, social security, Medicare and state taxes, unemployment, disability, and health insurance, she was not able to put anything away for retirement. Years ago, her local tax preparer suggested she use her tax refund (average $3,000) to create a retirement fund. Usually Michele would use her refund to pay bills or buy something special. The tax preparer said that if she agreed to start an IRA with $3,000 of her refund, she would be able to increase her refund—Uncle Sam would help her save. The amount she invested would reduce her income and make her refund larger. The $3,000 could grow over time, if she left it in stock mutual funds in her IRA account. Over time, it has grown large enough that she will have enough for retirement.

I will help you start one in 1 hour: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

Right now your $3,000 tax refund is worth DOUBLE

If we invest our tax refund in a stock fund—the shares are down 14% so far this year—the shares will easily double in value when the stock market recovers by next year. The alternative is to put $3,000 in a savings account earning .8% so you have $3,054 in a couple of years. $6,000 vs $3,054 in a couple of years. Stock prices are down—a sale. You are able to double your money in less time. Where can you do that? Not in a hedge fund. Warren Buffett proved that. Using a tax-FREE investment account, you may never have to pay tax on that portfolio increase. You can use the only legal tax shelter for working people. If you keep adding your tax refund to your tax-FREE account, you may have $250,000 in 20 years—and you will be able to spend it all—an extra 20-25% since there are NO income taxes on this special §408A account.

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

 

Is this annuity right for you?

This annuity provides you with a guaranteed income for life. And the amount adjusts for inflation so that in 20 years it pays you an amount that has kept pace with the rising cost of living. Most annuity payouts are fixed, so that the amount you receive buys only about HALF of what it used to buy. This annuity grows over the course of time instead of requiring a huge chunk of your nest egg when you stop working. In fact this annuity can begin when you really need it—after you have accomplished all the things on your “bucket list” and you have spent most of your nest egg. This annuity can never fail to pay your monthly income because it is not dependent on the financial soundness of an insurance company. The monthly amount comes directly from the United States Treasury to your checking account. And the Treasury has never missed a payment even when the rest of the government has stopped paying its bills. Talk about peace of mind. And you can receive over a $1 million during your lifetime. Take this annuity.

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

 

Commoditization of the financial advice industry

Advisors can no longer afford to help families with less than $1 million of investible assets. Advisors cannot be sustained without the need to trade a lot of securities or sell a product like an annuity to keep the “fat cats” wealthy and their offices plush. Most large advisory firms have had to put clients into robo advisor mode. Wealthfront and Edge are examples. You are sent to the service center model, where the financial advisor does not play a critical role. Portfolios are standardized so you get one of 5-10 models. However, tax management or estate planning need more than an algorithm. So you are better off finding an expert on a fixed-fee basis at the time you need special services. For instance, many readers hired a planner (CFP) for a set fee to provide a comprehensive year by year estimate of income and expenses for 30 years. A tax accountant (CPA) can provide expert advice on handling tax matters. For complicated estate plans, you can secure a competent estate planner to guarantee your legacy. Remember, your IRA and regular mutual fund have beneficiary provisions which pass your money outside your will.

https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545

 

Best Robo-Advisor: Ultimate Automatic Wealth Management

Morningstar, the securities analyst found that COST is the best predictor of financial success over time. Fidelity found that their client accounts that were most successful were those put on automatic—left alone—forgotten. Warren Buffett: “The stock market is a device for transferring money from the impatient to the patient.” Buffett claims that his holding period is forever. He advocates compounding (allow earnings on earnings to grow exponentially): "My wealth has come from a combination of living in America, some lucky genes, and compound interest." Robo-advisors work because money does NOT trade, rebalance, market time, buy high-sell low or sector rotate. It compounds. Yes, it is counter intuitive and it violates every 'rule' of Wall Street. Leaving your money alone to grow by compounding the earnings is easy – but HARD. Human beings do not control their emotions -- fear and greed win out every time. In fact, the average investor earns only 3.79% annually (vs market returns of 11.06%) according to DALBAR’s QAIB for 10, 20, 30 years. Use the Ultimate Automatic Wealth Management firm for success.

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

 

We will need to pay extra taxes on our inheritance

The new federal regulations would require many people who inherit money through traditional individual retirement accounts (IRAs) as well as 401(k)s, 403(b)s and eligible 457(b)s to withdraw funds from the accounts every year over a 10-year period, The Wall Street Journal reports. Non-spouse heirs are required to take minimum taxable withdrawals every year for 10 years from their inheritance in situations where the original account owner died on or after April 1 of the year of his or her 72nd birthday. These withdrawals, technically known as required minimum distributions (RMDs), must empty the account within the 10-year period. Heirs would pay a penalty of 50% on any RMD amounts that they failed to withdraw according to the schedule defined by the new IRS rules. This change, from “at the end of 10 years” to every year makes the tax-FREE Roth IRA more attractive to those making a legacy.

Consider a conversion to Roth: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

 

Another way we pay taxes for the wealthy

Our Representatives continue to provide rich people with another way to avoid paying taxes. This one is fairly simple to eliminate but it continues to blow up the amount we all have to pay in the national debt. This three-decades-old loophole that cuts private equity billionaires’ tax rate almost in half is called carried interest. It is really the profits taken from investors by investment managerial firms. Investment managers pay a lower tax rate “than teachers and firefighters” because money manager are taxed at the lower capital gains rate not the income rate we all pay. Private equity and investment firms spent about $3.6 million on DC lobbyists; over the next four years they spent a combined $75 million. Small amount compared with the $180 Billion they take over 10 years. Obama tried to revoke this special deal but he never “leaned” on senators to include carried interest in a tax reform push. Senators get election money from money managers and lobbyists so they continue to run up our tax bill by not paying their fair share.

Stop paying their tax: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 

Best graduation gift you can give

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution 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 with higher down payments or cash, and now to receive $2,500 a monthly in retirement supplement.

Start their ‘Wealth Reserve’: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

 

 

?**********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

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trumpist’s Supremes end personal rights

 

Nov 8 2022 Trump’s “national revolution”

 

 

Trump: drop missiles on Mexico drug makers

 

Trump: “shoot the protesters”

 

 

How Govt wastes our money:

GOP plan to ban IUD etc: charge murder for end pregnancy by any means

GOP Supremes: no right to private decision like abortion, gender, marriage in Constitution

TX low-income Latinas face major obstacles when it comes to ending unwanted pregnancies

 

Alito relies on 1671 understanding of marriage to think women rights NOT Constitutional.

Trump gave troubled lab $628 million contract to make the COVID-19 vaccines: later destroyed

Rand Paul dissents helping Ukraine with aid: $40 Billion “doom US economy” but tax breaks OK

 

SCAMS/SPINS:

GOP good old days: no aviane, so rhythm, no abortion, so coat hanger, no gays so closet

A Trump world vs a DeSantis world: radical southern strategy overwhelms staid Joe.

DeSantis redistricting map that would have eliminated a Black district in FL

 

FL rejected 41% of books: 24 of them scored high on official reviewers but reject too

Guns Now Kill More Children and Young Adults Than Car Crashes: Books don’t kill!

 

Putting Putin’s partisan on trial for war crimes: 21 yr old murdered unarmed 62 yr old

Putin scores “victory’ kills 60 women/children hiding in school: killing Ukraine ‘nazis’

GOP souring on Ukraine support: 57 House vote no on aid for survivors

 

Greene said can’t remember Jan 6 coup and so did judge: more crazy Greene GOP stunts

Trump fails to provide subpoena documents because he “lost his phones” Judge tricked!

 

 

Medicare Advantage declines 18% claims experts say OK: insurers hate paying claims

Jeffrey N. Crossland CA caught stealing $3.5 millions church loan scam 4 years prison

Trumps caught taking $ millions: promote fake vitamin/health products

 

Supremes base abortion ban on 1736 Englishman’s hate of women as witch, property

GOP encouraged to ban contraception as well as other personal choice rights.

 

Never use TurboTax: caught misleading us about costs; pay fine no jail

Banks caught ATM surcharges not reimbursed: claim refunds

Forever Living caught promises HUGE earnings but distributors earn absolutely nothing

 

RAM Payment/Account Management Systems caught overcharging debt relief clients 

SugarHouse Sportsbook caught fraud: “get up to a $250 match bonus on first deposit.”

TD Bank caught misleading “$300 Gift” TD can take back the $300 it “gave” us.

Recall 130,000 Tesla overheating cause the touchscreen to malfunction: burns your chips

 

Hackers are going after our data files with insurers: check your mobile password.

100 pairs of “extra destroyed” sneakers available to buy for $1,850: what you thinking?

work-at-home schemes provide income for criminals not us

 

Easy to mislead each other: fun for some costly for others: we’re conspiracy lovers

DeSantis holiday: mandate for students: learn “atrocities” by communist regimes no slave owners

GOP to block student access to online library databases: books, articles they don’t like

 

Jobs

Wage levels fell: inflation elevated at 8.3%: 6% wage rise less 8% price rise: we lost 2%

 

 

Who owns your account now?

Phoenix: fastest growing home prices: risen 216% since 2000!  Institutional investors 

Low-cost internet access for most Americans: some computer deals

NSM Insurance Group to Carlyle Group Inc

 

Allstate expects to raise premiums more: costlier litigation and used-car prices

Investors glad they did NOT put Bitcoin in their 401k as Fidelity recommended

 

Miracles:

Water shortage level likely trigger larger water cuts for Arizona, Nevada and California 

Women among Ukraine’s foreign fighters: Putin didn’t bargain for these heroes

Warming: giant groundwater system under the ice sheet in Antarctica: raise ocean levels?

 

Congress hearings on UFOs next week: 144 events, 1 explained: watch C-span

Scientist says move NYC before it is too late; too expensive: who is this guy?

Floating Solar Power Farm on lake with battery replaces Putin oil

 

Plane passenger lands plane after pilot incapacitated: DIY flying using picture of controls

States that offer free college courses to residents: Harvard’s free online courses

Your investments in the stock market have doubled over the last 5 years: 200-400 IVV

 

 

@@@@@@

Everything in the universe from galaxy to stones is made of subatomic ‘vibrations’

Light is both a particle and a wave depending on how we look at the light.

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!

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.

 

 

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/

 

Retiree’s advice to their young adults

 

Can Biden actually get the wealthy to pay 20% tax?

Biden has proposed that we tax 20% of unrealized gains. Since most wealthy people hide their assets and income to avoid INCOME tax, will the millionaires in Congress agree to this tactic? Unrealized gains are the POTENTIAL value of the stocks and other assets that the wealthy hold. They use the assets as collateral for loans to buy things like buildings, their mansions (Trump), their yachts, and their everyday lifestyles. Loans are not earned income so they pay no taxes. For wealthies like Jeff and Elon, they hide their assets in tax havens and legal entities so they don’t pay taxes at all. Is it likely that Michael, George or Carl will give in to this proposal to pay up? Will Warren Buffett agree to pay 20% when he pays HALF of what his staff pays? He avoids paying what his staff pays by controlling his taxable income. If the rich pay an average of 8.2% of taxable income, will they voluntarily pay 20% of their billions in assets? Will they willingly give up their tax avoidance schemes? Is it possible for the IRS to even be able to decide what their 20% of unrealized gains on $billions of assets are when they can’t collect what is already owed by this group? I don’t think Congress will act on this change. All we can do is use the IRS-approved account that allows us to avoid taxes on our gains in retirement just like the wealthy do now. Biden should know, avoiding tax is the American way.

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

 

 

Easy tax filling

Online IRS approved software is easy as answering questions. I have been using the Free-File vendors for years at https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free. I have used TaxAct, FreeTaxUSA, and 1040NOW.NET. I pay a small fee to have the same return filled in my state of New Jersey. I avoid all the commercial sites that say they are ‘free’ since they usually charge for some special form needed each year. In fact, one of the commercial sites, Turbo, has been notified by the FCC to stop claiming their service is ‘free.’ The benefit for using sites like FreeTaxUSA is that next year they have kept your name and address data so you don’t have to reenter your bank, broker, employer, etc data. This data will prompt you to find info that you may have not received or have forgotten to obtain. Some reviewers claim these sites are not comprehensive but I have found FreeTaxUSA to provide all the forms and calculations for our return of about 46 forms/pages. Plus we get our refunds by direct deposit in about 3 weeks. Check for your refund: https://www.irs.gov/refunds

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

 

Retiree’s advice to their young adults

“I wish I had started earlier and put my investing on automatic,” Mitchell said. August: “I wish I had kept adding a steady amount to my account.” “I paid my advisor more than I needed to,” complained Jose. “I should not have stopped putting money in to the 401k” Mr Graham confessed. “If my kids would just invest in the market index, they would be rich,” Sam argued. “If I had just added more every time I got a raise, we would be OK,” said Emily. Fred: “The family should have talked about our money goals from the start.” “Playing the market did not help us in the long run,” admitted Roger. “Have a fee-only planner review the accounts every 10 years or so to keep you on track,” Maureen advised. Read the Fidelity study to compare your progress: beware Fidelity is not unbiased.

https://www.amazon.com/Ensure-Your-Financial-Health-Wealth/dp/1466388293

 

 

Creating your own tax-FREE pension from your tax refund

The average tax refund is over $3,000. By investing that $3,000 or more you can create a tax-FREE pension for your retirement. $3,000 a year, $250 a month, invested in a low-cost index fund can be worth $500,000 in 27 years and $1,200,000 in 35 years. Because you can use a special IRS-approved account in a low-cost mutual fund trust, you can spend all your savings—no income taxes. Any funds left over can go to your beneficiary free of tax too. Most working people receive a tax refund because Uncle Sam insists you pay your income tax as you earn it each pay period. Let Uncle Sam help you provide enough tax-FREE income in retirement. Currently, Social Security benefits are taxable for many working people in retirement. However, if this special pension income is not taxable, you will not have to pay tax on your Social Security benefits. 

Make retirement tax-FREE: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

Buying an annuity at today’s low rates is mistake

Annuity benefits are set for the rest of your life at current LOW interest rates. Yes, rates are going up but insurers price immediate annuities on what they earn today. Today a male 65 years with $300,000 can buy $1,627 a month for life. Waiting a year for the 10 year Treasury rate to rise may affect your long-term income significantly. If you a buying a deferred annuity, again, your current crediting rate is low. While you wait, you could speculate a little by investing in an energy fund or ETF. Energy prices will probably keep rising for a year at least. A safer bet would be a High Dividend Yield ETF or mutual fund. An alternative to buying any annuity should be considered for the future. Most retail annuities are overpriced and inflexible. Taking 2-3% of your nest egg every year and charging 3-7% if you need your money back are expensive setbacks.

Consider: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

 

 

Have you taught your child how to make tax-FREE money?

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution 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. I have used this 'Wealth Reserve' as I call it to have funds to buy low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a month in retirement supplement. Now your child can build an account that provides tax-FREE retirement income too.

Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

 

 

?**********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

 

Jan 6 2021 Direct assault failed: guns & bombs

 

Nov 8 2022 “Legal revolution”

 

 

Trump judge exonerates Jan 6 terrorist

 

Pro Putin GOP group of 6: FoxNews

 

 

How Govt wastes our money:

Wealthy Congress create loopholes: wealthy hide assets in fake companies: avoid tax

OK bans abortions: TN allows children to marry—no minimum age: crazy GOP men

GOP blames Jackson for porn sentence but legalizes men consummating with kids

 

GOP Christian Nationalists ban sex talk not guns: reinstate Prohibition on words, books

‘1984’ prediction comes true: 26 states now ban books: USA ending 246 yr experiment

 

SCAMS/SPINS:

Congress millionaires use insider trading to make fortunes: it is illegal for us citizens

 

FTC sues TurboTax to stop ‘misleading’ ads for free tax prep software: IRS free file

Rental screening discriminates: unregulated industry controls our lives for the worse

Few payday loan borrowers are benefiting from no-cost extended payment plans: fines

 

Anthem Health GA caught years-long pattern of violations of policyholder’s rights: fine

FL to punish Disney for supporting protests against teacher restrictions

Big Data use allows DraftKings and FanDuel to optimize customer contact for addiction.

 

TX starts shipping immigrants from border to DC as protest to lifting Trump blockade

TX rejects mail-in ballots in new voter suppression program to fill GOP slots

TX, FL like a foreign countries: LA bans official travel to TX, FL over sex, race policy

 

Sacramento shooter kills six: illegal possession of machine gun: our gun defense useless

Study: adults who live with gun owner face twice risk of death by homicide. Wyatt Earp

 

Marianne O’Shee Smith caught stealing $40,000 older clients promised convert: defrock

John Law, NY caught Ponzi $70 million loss: fake promissory notes, higher returns

WellsFargo caught overcharging their own employees for 401k investments: fine, no jail

Autumn Jordan, Manuel F. Pinazo, Bank of America caught taking Covid loans for personal use

digital coin theft: despite blockchain claims of protection, you can lose your virtual money.

 

'We Build the Wall' Head Brian Kolfage Pleads Guilty to Defrauding Donors: Trump Wall broke

Look OUT: Autopilot drivers zone out when automated driving features are switched on

 

992,000 dead: 61% of unvaxxed are Republican: GOP trimming voters for 2024

 

GOP makes historic mistake: Black woman, highly qualified, denied SCOTUS

GOP makes historic mistake: White woman, unqualified, joins the clown car for Trump

If GOP candidate wins election, will America still say “stolen”? Trump: “rigged” election

 

GOP plan to repeal ACA for 31 million Americans with subsidized health insurance

GOP voter fraud in own party: Trump’s lawyer claimed to live in a NC trailer

Congress support of NATO? 63 House Republicans voted “no”: Putin victory?

 

Black Lives Matter leaders buy themselves a $6 mil house in CA: donations for elites?

Employee lawsuits demanding reimbursement for expenses while working from home

 

Can US convert Russian yachts and art to help us rebuild the Ukraine Russia destroyed?

 

Will sanctions on Pukin’s kids really stop this dictator: removing the head usually works

We have to arrest Putin first before he can be tried as war criminal: who will volunteer?

Putin losing war but no one will tell him: soldiers, tanks and civilians strewn on street

 

Politicians talk research on Russia war crimes as bodies pile up: who will stop Putin?

Russia borrowing Alex Jones fantasy of staged killings: Russia: Ukraine staged kill own

On tape: Russian soldiers described questioning soldiers/civilians then shooting them

Putin bombs rail station of fleeing civilians: 50never had a chance

 

Video: Ukrainian troops shooting captured Russia soldiers: shooting POWs

Lend-lease war materiel could help Ukraine hold land like Allies in WWII.

UN could send ‘peacekeepers’ to get civilians out of way of Russian army killing

 

Jobs

Minimum wage in 2021 is equivalent to same in 1940: buying power went down.

Almost anyone with a sport’s head knew that Tom would be back: Tiger too.

Barclays bank raises min wage to $20.50 in US: Santander bank wages raised to $20

 

Most Dynamic Metros: jobs, diverse industries, mix of companies, and fun things to do

Teachers need 2 jobs just to survive: teaching kids requires grit and patience with parents

Truck drivers start at $95,000: driver shortage for hard job requires pay

 

Who owns your account now?

“All publicity is good publicity” for Chris, Will and the Oscars’ future shows

$7.75 million for studio apt in NYC clouds: 1400 feet up: swaying in wind costs nothing

 

Miracles:

Pope apologizes for ‘deplorable conduct’ of some Catholics abusing the “least of these”

Extension to file or pay taxes: https://www.youtube.com/watch?v=PhGCnuCdFI4

Social Security Facts: offices reopen April 7 Social Security Administration announced 

 

HISTORY: first Black woman to serve on the highest court  Only 3 of 50 GOP agree

New lung cells just discovered that can replace many damaged cells: smokers can recover

Stanford engineers invent a solar panel that generates electricity at night: no utility bills?

 

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/