Cutting recurring costs can save you a fortune

 

Can you take out 10% of your nest egg each year?

Some baby Boomers think their advisors would recommend this amount to be withdrawn each year in retirement. “Today’s low yields on bonds and high equity valuations mean ‘retirees are unlikely to receive returns that match those of the past,’ Morningstar says.” Fidelity said that over the timeframe of about one century, a 4.5% withdrawal rate would have lasted throughout a 30-year retirement in about 90% of the periods analyzed. Because that is an average, you must consider your specific situation before assuming you can spend 4.5% each year. Low earnings, inflation, your health and your family longevity must be factored into your best case scenario. If the bulk of your retirement funds are in qualified accounts (traditional IRA), your mutual fund or brokerage firm uses the IRS RMD worksheet to do the calculation for you. Their tables use an average withdrawal rate of less than 4% of your previous year’s combined total qualified funds amount each year. Thus, if your investments shrank, your RMD amount will be lower. You need to learn the factors that change your prudent annual spending amount. 

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

 

 

Help your child, grandchild get started on a $1 million fund

They will need a million dollars since inflation can reduce the buying power by 50% in just 20 years. Since common stocks have the best history of keeping ahead of inflation, a broad portfolio has the best chance of delivering steady returns. Since 1871 a basket of stocks (dividends reinvested) has provided 11% returns. Ordinary inflation is 3% not 8.6%, so right now stocks are cheap. If you show your family that an 11% long-term return can turn $250 a month into $1,000,000 in about 34 years, they will not be try to beat the market with fast trades through a $0 commission broker. Show them the math: $250 per month for 34 years costs $102,000 in contributions. They earn $898,000 in dividends and capital gains. If they use their special IRS tax-FREE account, they avoid about $225,000 in taxes when they take their money out to live on. Remind them that Warren Buffett bet a million dollars on a low-cost market index fund to beat 5 super stock pickers. Buffett recommends you use the Vanguard 500 Index Fund. Why? You can give up 63% of your returns when you use a broker. And if they trade to beat the market they may end up with the historical broker account average of 3.79% not 11% a year. That’s $208,865 instead of $1,021,768 after 34 years.

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

 

Quickest ways to save $3,000 a year

The Federal Reserve's 2019 Survey of Consumer Finances (released in 2020) found that the average, or mean, account was just over $255,000. The average cost of using an advisor or broker was 1.5% a year or $3,825. Since most financial sales people can NOT guarantee higher performance than the actual markets, most of us are better off leaving our money in a low-cost index account. Managed accounts earn only 3.79% vs 11% for an index account. For specific money management solutions, a one-time fee-only planner provides better advice since it is unbiased. Moving accounts is easier since a trustee to trustee transfer is usually free and not a taxable event. Another way to save $3,000 a year is canceling a loan to the US government. The average tax refund was $3,304. You will not incur a penalty if you owe less than $500 each year. So if you reduce your paycheck withholding by $250 a month, $125 a pay period, you will be able to increase your investment account by $250 a month. This creates $3,000 a year or about $200,000 extra in your investment account in 20 years.

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

 

Cutting recurring costs can save you a fortune

During this period of high inflation, it is important to note how much certain expenses really cost. Just as I noted above, saving $3,000 a year on your money management can really put huge amounts into your account. One reader was paying 2% of their nest egg each year for their advisor to check their statement quarterly. They moved their money to Vanguard and accumulated an extra $350,000 during their pre-retirement years. They were not only giving away 2% a year, they were losing the gains from that money. This “tyranny of compounding costs” applies to all of our recurring costs. We used to pay extra insurance premium for collision coverage on all our vehicles. We paid $ hundreds year after year until we realized our coverage would NOT pay enough to repair our older cars. This fact led us to take our policy apart so we paid only for the liability required by law. We did not need standard mileage, collision, comprehensive, gap, towing, temporary rental, health care, disability, accidental death, dismemberment, personal injury protection (PIP) and uninsured motorist coverage (UM). We then went through all expenses—cable, internet, life insurance, periodicals, etc to find more savings.

Save big: https://www.amazon.com/Get-What-You-Pay-financial/dp/1492384100

 

Another way the wealthy avoid taxes we can’t

One of the easiest ways the super rich can avoid taxes is by having the assets they donate to a tax exempt organization appraised for very very high amounts. Today Trump’s favorite property appraiser was asked to stop holding up the investigation by the New York Attorney General. Trump took a $21 million tax deductions on his tax returns by having his appraiser value the forest in front of his mansion in upstate New York so high: it’s impossible by law. Our Congress people let folks like themselves reduce their taxes by claiming a deduction for their $million gifts. They give art, land, houses that they have appraised at future or improbable values. Trump promised he would not develop the forest on his property in his retirement years. That development is not possible. This is one reason Trump is under investigation. His appraiser based the value of his property on the possibility that 24 mansions would be built and sold. Local officials have laws against such a venture. Rich people in the area don’t want the ‘low-life’ crowding the back roads and markets. So if the appraisal was faked, Trump will owe New York and USA millions of dollars. Trump’s lawyers may delay paying for years. He may end the IRS probe in 2024. Meanwhile, don’t pay the shortfall for the rich.

Use your tax-Free IRS account: https://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236

 

 

?**********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 “detached from reality”

 

Trump used mafia intimidation on the defenseless

 

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

 

 

Nov 8 2022 Trump’s “national revolution”

 

 

 

How Govt wastes our money:

Christian Nationalism: evangelical ideology attacks our institutions/lifestyle/politics

Alito: abortion not in constitution: cites 1600 Hale who burned witch, favors marital rape

Feds threaten woman in her home for angry tweets attacking government

States control our personal freedoms: control guns, books, sex talk, vote, prayer, birth, etc

 

FL starts arresting educators for talking about sex preference issues: 1^st Amendment end

GOP primary winners don’t question own elections but dispute Biden’s win: Fascism?

Most Americans, Across Party Lines, Say Government 'Corrupt, Rigged'

Rich buy votes to kill their taxes: IRS manipulated to ignore rich taxes: hurt poor & foes

 

GOP: show a birth certificate, passport, Fed ID, in order to vote even if already on rolls

 

EPA no authority to reduce emissions, global warming: only coal-baron Manchin can

Judge: drug pushers not responsible for opioid saturation WV: addict & doctor did it

309 mass shootings ½ 2022: gun laws not effective: all kids can buy WMD war gun

 

SCAMS/SPINS:

“Slavery” in TX: “involuntary relocation”: Texas tries to ‘brainwash’ children on history

Who Will Care for unwanted Babies? Supremes no; evangelical Christians no; TX no ?

TX uses 1925 law to make women have kids: no choice with doctor: jail likely

 

White nationalist group march along Boston’s Freedom Trail : fascists use Old Glory

Independence Day massacre: impossible for good guy to stop 80 rounds in a minute

 

Brave staff assistant already been threatened: is John McClane available?

IRS used as weapon by Trump: FBI heads targeted for deep audits: no fraud

Trump’s Supremes target liberal agenda since 1960s: reverse precedence; upend customs

Tucker, race “replacement” mouth, says not racist: gives fascist insider info

 

JPMorganChase traders caught ‘spoofing’ racketeering/conspiracy manipulate markets

Joshua D Nicholas caught crypto scam conspiracy securities fraud.

Robert Louis Cirillo CA caught steal $3 million promised high construction loan returns

Megan Hess funeral home owner caught selling body parts: victim’s family in dark

Insurers & advisors pressing Congress to make it easier to tap retirement funds at work.

IRS cracking down on charitable remainder annuity trust (CRAT) abuse.

IRS warns: Companies who promise to eliminate tax debt may sell you out

 

 

CVS takes “opportunities to hold off generic (drug) competition.” Seniors pay more.

Zelle caught deceptively marketing: big fraud problem: no reimbursement

Buy Now, Pay Later plans caught misleading loan terms: long-term burden

 

Jobs

Jobs disappearing: https://www.bls.gov/emp/tables/fastest-declining-occupations.htm

Half of millennials would quit if asked to return to the office full-time

Mass murderer passed checks AR 15, ‘quiet kid’: bring back draft; give kids a real life

 

Brown shirts: Abortion police to track down all the doctors, law breakers and taxis, etc

 

Who owns your account now?

Internet coming to trains, ships, and other vehicles using SpaceX's satellite internet

Benefits for seniors that are not advertised: https://benefitscheckup.org/

New car buying questions guide search for best deal: Feds push national sales standards

 

Cars have been made too distracting: highway deaths up

Park short-term money in short-term bond fund: 2.4% SEC yield

 

Miracles:

Cancer victim now cured after new drug: life after death sentence

Transforming windows into active power generators has just edged one step closer

Sand battery' can store energy for months: sun don’t shine at night

 

July 6, 1957, John Lennon met Paul McCartney at a church social: God loves music

Quantum computer completes 9,000 Years of Work in 36 Microseconds

 

100 people have died in extreme flooding in Bangladesh: France Portugal on fire

Warming: 50,000 people in Sydney told to evacuate their homes: climate shift

 

600 monkeypox cases confirmed in the United States: UK, Germany lead

 

Vatican shakeup: Pope names 2 women to Bishop Committee: espresso gophers?

 

 

Why Vets waited 55 years for honor by US? Must be incontestable proof! Ask Biden

WH reply: “We take careful note of the suggestions, thoughts, questions, and stories”

 

 

 

@

Everything in universe: galaxies to stones made of subatomic energy ‘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/

 

 

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/

 

 

Let compounding build your child’s future

 

Where to invest for the coming Year of the Vaccines?

No one knows what will happen in 2021. Every advisor in town has an opinion—either from their firm’s analysts or their favorite wholesaler—but they don’t know. So should you keep paying them a quarterly fee of 1-2%? You could lose up to 62% of your total possible nest egg that way. Or you could go with the best advice master-investor Warren Buffett offers. You could double your money in 10-12 years. Buffett’s advice is different because he doesn’t take your money. He’s different because he knows he doesn’t know. His strategy is pretty simple. First, invest in a broad market index fund like the Vanguard 500 Index. He even recommends it for retirement investing. Second, use a low-cost fund like those run by Vanguard which has no outside owner. Third, don’t try to out guess the market by trading ETFs or individual stocks or sectors. They are easy to trade but that assumes you know what will happen. You and millions of ‘professional’ traders don’t know. Get used to the uncertainty. All we really know is that the 500 stock index has outperformed other assets over time: 11% a year on average. It does better leaving your money alone. Fourth, Buffett credits compounding for his success: buy and hold. If you are new to index investing, give it a chance with only 10% of your retirement money.

Earn more by paying less. https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

 

Will you have enough retirement income?

You can afford retirement starting now. There are a few rules to follow but in time you will have enough. If you start now, using low-cost stock index funds inside a tax-FREE account, you can make it. There are easy ways to track your progress that paid advisors use that you have access to also. Over time, you can have enough saved to live well. How much can you accumulate in your investment account? Answer: $1 million at $250/mo; $3,000/yr; 35 years. Track progress here: https://investor.vanguard.com/calculator-tools/retirement-income-calculator. Don’t panic: expect your low-cost stock index fund like the Vanguard 500 Index to go up and down: a +31% and a -37%: average +11%.

Start now: https://www.amazon.com/You-Can-Afford-Retirement-FEE-FREE/dp/1517738253

 

Let compounding build your child’s future

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 a retirement supplement.

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

 

Why is it wise to diversify?

Readers have asked about holding the stock of their company in their retirement plan. Take a moment to compare the percentage of that stock to the total of all investments. Most often anything over 10% in the stock of one company is considered risky. Unless you are a company executive you are unlikely to know when to sell to avoid a loss. Some stocks do better than others but you and your advisor just don’t know which. Buy all.  Consider that if your employer should change stock value and your account drops by 50%, would you feel like holding on thru the next 10-20 years with all that stock. If you work for a company in the S&P 500 you may feel safe but don’t assume growth will last forever. Plan ahead for a time when the value of your holdings falls—will you panic and sell then? Keep an eye on a market index fund: 2020 up 16% and over 11% long-term.

Stay diversified: https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045

 

Is an “advisor matching tool” right for you?

“SmartAsset's matching tool lets you compare and interview up to 3 financial advisors,” for free. See your 3 financial advisor matches. You will need to complete a 12 question on screen survey and then give your contact information in order to obtain “3 financial advisor matches.” You don’t actually get to “see your matches.” Now advisors have your email and you have given an info-laden lead to a broker/advisor. I happened to know the availability of local advisors and none of them offer financial planning for a set fee. This ad promises “objective advice from a local fiduciary on your budget” but there are none. Most local advisors are not fiduciaries. I researched. All but one provides ‘planning’ but it costs you an annual fee and commissions. All but one needed over $1 million in “investable assets” to start. Usually this means your account money must be moved to their firm so they can take their quarterly fees whether they make you money or not. Better to use a salaried fiduciary from one of the large online fund firms.

https://www.amazon.com/Fiduciary-Rule-BEST-dont-pay-fees-anymore/dp/1530980275

 

Save $3,000 a year for a $1 million retirement fund

We are living longer. We will need more savings for up to 30 years in retirement. Even if we work after age 67, we will eventually not be able to work. Planning for more income later requires we save more now, while we can. Compare what you spend to the US average household spending standard to see where you might save $3,000 a year. Biggest savings: $3,000 a year in money management fees/commissions. Example: $200,000 nest egg advisor fees 1.5% per year: Save $3,000 by moving to low-fee index account. $3,000 per year savings can add $350,000 to your funds in just 25 years.

Avoid nursing home later: https://www.amazon.com/Stop-wasting-000-every-year/dp/146108394X

 

Robo advisor rates high in customer satisfaction

Covid pandemic has helped reshape the retail financial services model. Robos have become popular as most services must be delivered virtually now. JD Power survey data shows young investors are satisfied with the robo advisor services model. Investors between the ages of 31 to 45 had the greatest satisfaction with their advisor. That represented 46% of traditional investors and 69% robo-investors. Traditional investors ages 46 to 75 had relatively low satisfaction ratings with their advisor, according to the Investor Insights: COVID-19 and Robo-Advice study. Even Warren Buffett, leading hands-on advisor, believes in allowing your money to grow without human interference.

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

 

 

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

 

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

 

17 states want to end our democracy: TrumpWorld

 

PA Court: “Voters, not lawyers, choose the President”

 

Supremes crowned Bush II: Scalia stopped vote counts

 

Trump’s war on virus: 300,000+ KIA

 

Celebrities get cures

 

Our ‘Truth and Reconciliation Commission’ 

 

Dictator wants to pardon his own criminal activities

 

Dictators move residence to avoid prosecutions

 

Dictator’s Last Words

 

Insanity: “doing the same thing over and over again, but expecting different results.”

 

 

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

$1 million in PPP loans for small businesses to survive went to Tom Brady multi-millionaire

Melania proud of her new tennis courts: Trumps play? “private space” for Mel & friends

Census: 42 million Americans live below the federal poverty line: $7.25/hr same 10 years

Most NYC firefighters won’t take vaccine we paid $ millions for. Choice or misled?

 

Trump turned down additional vaccine from Pfizer: July shipment will cost us more lives

GOP never feared spending over $1 Trillion for their tax cut: now punishing Blue states

Coup: 100 lawmakers sign Trump’s plan to illegally oust Biden as president. ’24 job set?

 

SCAMS/SPINS:

Last pandemic killed 675,000: masks guarantee fewer deaths: 2020 saw 300,000 and counting

Can domestic terrorists become force for good after their Leader moves to TV show?

Trump ends cultural exchange programs with China to isolate us; grow animosity

Jared selling F-35 fighters to Arabs (transferred to Yemen fighters) buy Ivanka new island home

 

Trump creates GOP ‘enemies list’ for revenge: political loyalty for future GOP members

Trump has his FBI and IRS go after Biden through son: old mafia strategy to force deal

Refusing to go along with Trump's lies: "get my house bombed": GOP can’t stand up

Trump: vote in GA election despite warning election is rigged: 2 recounts say NO rigging

 

Texas asks GOP Supremes to help Trump win like Bush: democracy in 6 hands Coup?

 

GOP reduces voting places so GA Dems must stand in line for runoff vote

Judge: Tromper General Flynn does not have to go to jail but still confessed criminal

Ivanka takes credit for access to food after Daddy tried to cut food vouchers to poor

Millions Americans hungry: wait in lines for hours for bag/box of basics donated by us.

 

FL uses guns drawn police to attack virus tracker in home: stole her proof of FL deniers. 

 

FBI lets its sex abuse candidates go free: you just have to be senior enough to get away

Post Office head who tried to subvert our election still not arrested: violated court order

Trump makes his Christmas ‘pardon list’: pardon "every person who ever talked to me."

 

GA GOP attacking socialist subsidies to farmers, oil/ gas, mining, Boeing, aerospace, etc

 

LendUp Loans caught loan rate over 36%; no disclosures per Military Lending Act

Scam call to verify online purchases: Don’t push 1 to be connected. Call seller directly.

NatureWise fake reviews on supplements, vitamins: free product for review illegal

 

RAB Performance Recoveries caught suing folks for debts without license: fine no jail

BounceBack caught in deceptive unlawful debt collection acts or practices fine no jail  

BancWest Investment Services caught selling higher-cost fund shares fine no jail

 

One-ring scam: scammer disconnects after one ring in order to get us to call back.

Pet scam: buy a pet online but never receive it: spike due to stay at home trend

Buy online with credit card to avoid scam of fake ads: Facebook does not verify offers

Hackers hacked the anti-hacking tools used to test client anti-hacking protections: Sue!

 

LG Chem Recalls Home Battery Systems After Reports of Fires

Nationstar Mortgage violated consumer financial laws: $73 million damages

Video messages faked to gain viewing: fake virus, fake voter fraud: check other sources

 

Scam: $1,200 from COVID-19 TREAS FUND text tricks us bank info. Real IRS info

Senior scams: popular scams and how they work so you can avoid them

Borrowing for divorce: demand in southern states at all time high: no jobs; homebound?

 

Merrill Lynch Charles Kenahan caught excessive unauthorized trading, commissions

Blue Flame charged blue state $41,000 for $5,000 ventilators: Trump gives some away

 

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

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

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

 

 

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

Winning your business-interruption claims: present danger is key to convince judge

Plastic surgeons demanded to fix faces on Zoom: now we see what everyone sees: Ouch

26 million need work: fixing infrastructure for pay would help more than $600 check

 

Colleges with highest paid grads: BA gets you $70K early; $140K later

Starbucks: we don’t have enough stores so 22,000 new ones need help

 

Who owns your account now?

Folio Investing is getting out of the retail brokerage business: to Interactive Brokers.

Waddell & Reed brokerage business to LPL and its asset management unit to Macquarie

MetLife’s U.S. property/casualty business to Zurich Insurance and Farmers Exchanges

 

Senior Living Providers Focus on Resident Experience: Ratings by J.D. Power

Dental Plan Satisfaction Slightly Decreases, J.D. Power Finds

 

Partnerships and S corps owners can now avoid the SALT $10K cap if biz itemizes

Vanguard investors pay low fees and so earn more for their investments

 

So Sad: Mitchell SD ignored virus for months: now daily helicopter comes for victims

Giuliani acknowledged he got “celebrity” treatment: most expensive drugs we can’t get

 

Miracles:

While OK Gov prays for virus victims, Christian leaders insist on mask mandate now

Her dog Abby missing 3 weeks, finds her owner at Walmart job on her own miles away

"Bethany's Happy Bags for the Homeless"  6 yr old wants to help too

 

Let them eat cookies: we eat more than three cookies per day: Running out of dough

We are ‘re-born’ every 7-10 years: sort of; it’s an average of all cells but still a miracle.

Compound interest: invest $250/mo; $99K over time for $1 million later

 

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/