You don’t need a financial industry sales person

 

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. Due Monday April 18.

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

 

Will crypto assets support your retirement?

Many working people expect to receive huge gains from this new investment type, despite knowing very little about it according to a new survey. Responders were asked: ‘Where do you expect the greatest return on your investments over the next 10 years?’ Unfortunately 30% think crypto will provide the biggest investment returns. Stocks are second with about 20%, mutual funds 11%, real estate and NFTs show single digits. Younger people expect to retire earlier than older people as expected. Unfortunately, crypto is the newest ‘get rich quick’ scheme in the press and the top scam mechanism. Since schools do not teach young people how to invest for retirement, it is up to their parents with limited financial literacy to teach them. Most don’t know about the tax-FREE account available to everyone.

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

 

Do you use the power of compounding?

Most high schools don’t teach the most important aspect of managing your money. Most average middle-class parents don’t know how wealth is made. Sure they have heard that some people become wealthy by creating a new biz like Google or winning the lottery or inheriting their family legacy. But most young people don’t know how to use the miracle of compounding which Warren Buffett credits for making him wealthy. If your math teacher mentioned it at all, they probably used the illustration of how a savings account grows: a deposit of $1,000 grows to $1,010.05 in a year. Not exciting enough to remember by the time you start earning real money. If schools were allowed to teach compounding with examples from the real world, everyone would show this financial miracle at work. Thus a teacher would show the actual results of real returns documented by DALBAR, the unbiased tracking firm. For the long-term investor, the SAFEST investment is a low-cost stock market mutual fund compounding at the rate of 11%. An honest math teacher would then show a chart like the one of real accumulations over time in this book. The teacher could build a real table showing $250 invested monthly for 35 years with a total accumulation of $1.2 million:

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

 

Not all wealthy hedge funds do well

Things have gone from bad to worse at Tiger Global Management’s flagship hedge fund. The hedge fund tumbled more than 13% in March, according to a person familiar with the matter, capping three straight losing months and a tough 2021. The decline was 7% last year, its first annual drop since 2016. Hedge fund managers produced aggregate performance of 10.3% in the year ended Dec. 31, down from 11.8% the previous year, returns of the HFRI Fund Weighted Composite index showed. Compared to a simple low-cost stock index fund return of 28.83% in 2021, 18.38% in 2020 and 31.74% in 2019, hedge funds have suffered from their high fees and costs. Instead of trying to pick securities and leverage returns, many wealthy folks would have been better off leaving their money in a stock index fund like the Vanguard 500. As a group, hedge funds have a net outflow because high costs must still be paid to managers. Tax-FREE account approved by the IRS is a better deal than a wager on a hedge fund manager.

https://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236/

 

Why are we paying a higher tax rate than the wealthy?

Bloomberg earned over $2 billion but paid only 4.1% in taxes. Ultra wealthy high-income Americans are not only privileged—they beat the system and pay less tax than we do. For them it is a game: not paying taxes. “That makes me smart” one confessed during the presidential debates. Jeff and Elon paid nothing recently helping to pump up the national debt—our children’s debt. Most corporations pay nothing. The middle-class pays more than most wealthy people according to Warren Buffett. We pay total taxes of 32.9%. They pay under 20%. The American system is withering away.

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

 

You don’t need a financial industry sales person

I have been in the industry since 1987 and I came to the conclusion that most middle-income families can’t afford to lose up to 63% of their hard-earned savings/investing to the financial industry. From the inside, I saw that most financial clients are wasting their money on the tricks and hype presented by most sales folks. After obtaining all of the licenses from the industry, I can tell you that you don’t need to pay for the biased self-serving advice from the industry. The best and most useful information is available FREE—books and internet provide exactly what you need to be a successful investor and financial services consumer. First, no advisor knows what will happen with a security or the market next. Second, we know the probabilities of investment success by security type. Stocks and low-cost stock mutual funds provide 11% return over time—more than 10 year periods. Third, fast trading hot stocks finish last. Monthly dollar cost averaging provides the best method of investing. Fourth, buy all financial services from direct sellers not salespeople. Get three estimates of costs before you buy anything. Costs matter: https://www.amazon.com/Keep-Simple-Essential-Financial-Life/dp/1492258849

 

 

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

 

Nov 21 2020 Trump’s Plans for a Coup

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Nov 8 2022 Trump’s “national revolution”

 

 

Another terrorist pleads guilty

 

Terrorist ‘follower’ found guilty

 

Terrorist ‘lawman’ guilty

 

Junior’s ‘plan’ to overthrow government: ‘We control them all’

 

 

 

How Govt wastes our money:

Justice wasting time on Trump’s stolen docs not on his attempted overthrow of gov?

TX charges woman with homicide but there is no Homo sapien dead: corpus delicti

Secret Service easily duped with gifts and fake badges: we pay a lot for un-security

 

19 GOP states prohibit prescribing abortion pills by telehealth or sending them by mail.

Yelp joins Citigroup in covering expenses for employees travel for abortion services

Drug pusher industry regulates the regulators: drug profits over drug safety: Oxy for all

 

FL GOP locks in future wins with new district maps: Dems lose

Fake transactions to fraudulently evade $61 million in taxes: IRS never catches wealthy

We are making new nuclear warheads despite having enough to kill Earth 10 times over

 

SCAMS/SPINS:

Sacramento killing automatic switch can fire hundreds of rounds per minute: no chance to defend

Every day in America, more than 40 children lose a parent to shootings: Wyatt Earp right

 

More boomers are retiring to the streets, living in cars: rents rise 33%, health goes first

Future of planet Earth is up to business to clean up its mess: they keep most tax money

Business unlimited election spending puts their Reps in gov positions, make laws, regs

 

990,000 dead: bring mask and test again: party spreader: third cause of death in US

Scam: voice clone to make you pay for your ‘kidnapped’ family

Gift card scam: Walmart helped victims claim return of $4 million

 

‘Zuck bucks’ virtual coins for Facebook and Instagram users helps Zuckerberg get richer

Car dealers gotten in price inflation spirit: how much more can they take advantage?

Car makers lost way: Not A to B: entertainment systems, tech centers, home offices, digital firms

 

Roger Ng, Goldman Sachs caught violate anti-bribery launder money laws: jail.

Robert David Jr, Morgan Stanley caught inflating client assets to trade w/o permission

John Winslow Edward Jones caught stealing money to buy gold: defrocked

 

NYC AG lets Trump slide: investigators have ‘crime evidence’: tax evasion mobster Al

Trump vows to release the terrorists if he takes over government again

GOP tries to rewrite US history of brutal slavery: Putin would be proud

Trump enforcer Mark Meadows caught: GOP voter fraud: lie about home: No Jail

Trump’s GOP will no longer debate for prez: too hard: moving ‘debate’ to Fox/RTN?

 

cryptocurrency scams promise huge gains: you missed them already $5,000 Mar 20, 2020

Retirees suspicious of using 401k balances to buy lifetime guaranteed income annuity

Fuel oil to heat home costs $5.25 but $3.77 for car gas yet costs less to make: ripped off

 

Hitting Putin: $800 million worth helicopters and howitzer artillery challenge next

Putin kills 50 women & children waiting to leave Kramatorsk: he left his dud missile

Russia headed for historic default on foreign debt: rubles don’t buy what they used to

Putin may not be able to stop himself: he is the only one: only force can stop him?

Pence Says He 'Stood Toe to Toe' With Vladimir Putin: like Bush ‘sees into soul’?

Even tiny Luxembourg supplies antitank weapons/jeeps: Estonia giving $240 million

Another big Russian boat seized: This one $735 mil could buy many tanks

 

Jobs

NYC subway cameras out during shooting of 10 in Brooklyn: hire camera repair teams

275,000 new hires in one TX area: child hunger still a problem there

 

Who owns your account now?

NJ gas price falls to $3.97 from $4.09 in 2 weeks

Buying used: check the VIN number on SaferCar.gov Note recalls, problems not fixed

Teen “persistent feelings of sadness or hopelessness” up from 26% in 2009 to 44% 2021

We are still trying to hail aliens with messages in Norwegian, geometry and funky music

 

Miracles:

Scientists turn back the clock 30 years for human skin cells: no more wrinkles!

47 Senators don’t support American promise: 53 to 47 first Black woman Supreme.

Kyiv comes back to life: triumph and sadness: it’s different 3 million left

 

 

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

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

Mass–energy equivalence: E=mc^2   Everything at smallest level is moving!

 

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/

 

Supremes caution employers about high annuity costs

 

How to deal with the stock market fall

In every time period, low-cost funds beat high-cost funds, unbiased analyst Morningstar showed. The unbiased financial scorekeeper, Dalbar, has found that the average advisor-managed returns were 3.79% compared with the S&P 500 index of 11.06%. If inflation runs at 5%, your real returns are under ZERO. Few advisors can beat a low-cost stock index simply because of the costs. Warren Buffett bet $1 million that the Vanguard’s 500 Index fund would beat the returns of a stock picking guru and 5 hedge funds. He won. He also designated Vanguard low-cost index funds in his will for his heirs. Advisor managed funds underperformed indexes nearly 93% of the time. Over time, advisor fees, charges, trading and bad decisions will lower your total accumulations by 63% or more.

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

 

How to start investing with $250 or less

If you are paying off student loans and trying to get your career going, you don’t have a lot of money to invest. If you are lucky enough to start a 401k or 403b at work, you can have the money taken out of your check so you don’t even get to spend it first. Some employer plans allow you to invest in a tax-deferred or tax-FREE account. However, if your employer does not offer these perks, you can start investing with just $250. After opening an IRA or Roth IRA at Vanguard, you can use their commission-free brokerage account to buy an ETF share. These are stock market index funds packaged like a stock. So one share of the total stock market index fund (VTI) costs under $250 due to the current sale (market down). Another strategy is to use your tax refund (average $3,000) to buy the low-cost 500 Index Fund so you can automatically invest $200 a month from your checking account. After 35 years, your $1 million is tax-FREE.

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

 

Hope you did NOT buy crypto recently

Investors are fleeing riskier assets from tech stocks to cryptocurrencies. If you are investing for your retirement, I hope you did not put your money into ‘Bits’ and lose HALF your money. Tech stocks are the market driver and will be with us for the future. However, it is hard to pick the future winners. What to do? ‘Buy them all,’ John Bogle used to say. A low-cost index will help you get through this period since there will always be corrections and you just have to wait, as Warren Buffett advises. You can put your investing on full-time automatic and not have to decide when to sell or reduce your stock or bond complement. You can use a Target Retirement Fund like the Vanguard Target Retirement 2065 Fund (VLXVX). You can tell the trustee of your Roth IRA account to debit a monthly amount from your bank account. As you grow your investments tax-FREE, your trustee will move more of your money into the bond index inside your Fund. By the time you retire, you will have earned more than an advisor-managed account with less risk and all your earnings will be available tax-FREE.

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

Supremes caution employers about high annuity costs

The court said federal courts should look at more than a 403(b) retirement plan’s flexibility and investment menu size when deciding whether the administrators have met the Employee Retirement Income Security Act standard for the duty of prudence. Plan administrators must be concerned with costs as fiduciaries. They can’t simply offer participants’ preferred options and wave off concerns about the other options. This institution’s employees accused the fiduciaries of acting in an imprudent manner by offering plans with high record-keeping costs; retail mutual fund and variable annuity share classes with high, retail-level fees; and, in the beginning, an investment option menu that was too long and could have led to poor participant investment choices. The employees cited the withdrawal penalties and restrictions built in to a fixed annuity on the menu were too high. Lower courts (siding with the administration) were criticized for overlooking ERISA’s core purpose, which is to protect plan participants from an administrator’s failure to perform its fiduciary duties. TIAA, the annuity provider, claimed the extra costs are justified. The Supremes said institutions must remove “all imprudent investments.” Employees have lower-cost options.

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

 

Do seniors really need life insurance?

What is life insurance for? What do you expect life insurance to do for you? Why is life insurance so expensive? These are the questions I get from retirees or pre-retirees. The answer is really very individual and specific. Life insurance benefits are there to protect others against unexpected loss. But retirees know they are going to die and can prepare for that possible loss to their families. Life insurance typically protects against UNEXPECTED loss—when we are young and raising children and supporting a family. By the time we retire, most of us are not supporting a family with a weekly wage. If we are buying life insurance in retirement it is very expensive. Senior Life is typically issued without any tests. Thus if you are in good health, you are paying for all those who are not in good health. And life insurance is NOT a good investment. These are the typical rates for adults: Male age 71 pays $26.77 for $5,000 death benefit. $321.24 a year for 15 years (your life expectancy) costs $4,818.60. If invested, your $321.24 a month is worth $10,866. So depending on your health, don’t waste money on ‘death’ insurance.

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

 

Excessive fees—savers giving up 63% of potential nest egg

Saving for any goal—retirement, home, education—is difficult enough but the saving/investing industry depends on overcharging for all its services. The wealthy owners do it because they can: “Many financial institutions obscure the true price of their services by luring customers with enticing offers and then charging excessive junk fees.” Regulators of financial services are run by and paid for by the industry itself. There is little incentive to give honest service at a reasonable price. “Over a 50-year investing lifetime, that little 2 percent fee will erode 63 percent of what you would have had. As John Bogle, founder of Vanguard Group, puts it, ‘the tyranny of compounding costs’ is overwhelming.” Low-cost passive investing funds have become the norm. With a little shopping around, we could pay 0.04% instead of 2.00% a year for quality money management. Instead of having $ 740,961 for retirement after 35 years of investing $250 a month we could have $1,243,368. And using a special IRS account, it could all be tax-FREE. Contribute $105,000; spend $1.2 million.

Avoid the middle person: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Excessive health care costs: “high-cost, ineffective care”

What’s wrong? Two patients can get the same procedure and pay wildly different prices, according to a new study. “The same patient with the same insurance plan could go to another hospital five miles away and again see a significant change in what they owe.” "Perverse incentives": Why the healthcare market is motivated to provide high-cost, ineffective care. Profits rise when higher dollar claims increased—patient health is not measured. More profit from $4,007 claim for an ICU room vs $3,481 for another plan’s claim. This $526 difference goes straight to the bottom line. The Hospital Price Transparency Rule was supposed to reduce price by competition with transparency. However, this has not happened. Most patents never see the price list for their procedure. Most people just do what the medical “gods” tell them to do. For example, my doctor prescribed Januvia for type 2 diabetes but it cost $500 ($149 plan) for 30 days. I did my research for a low-cost substitute and asked her to prescribe glipizide instead. It cost $56 retail ($12 with my plan). Januvia generated $5.9 billion in sales last year. The low-cost treatment was effective in lowering my A1C. I do better with low cost financial services.

High cost is ‘ineffective care’ of your wallet: https://www.amazon.com/Pay-less-Get-more-investment/dp/1500598321

 

 

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

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

 

Another terrorist goes to prison

 

Trump’s plan: Pentagon to seize voting machines

 

3 states: ‘brown shirts’ hunt voter ‘fraud’

 

Republicans in multiple states created forged election materials

 

 

UN-United States; 2 Americas

 

 

How Govt wastes our money:

Texas AG Paxton hiding his part in Jan 6 coup in DC: local DA enforces the law?

Giuliani's communications as a foreign agent considered for prosecution

Wealthy need not fear tax collector: IRS gave up on $1Trillion unpaid taxes: 0.6% audit

 

We have military people in uniform inside Ukraine: “training”: how Vietnam began

Each state competes to give our tax money to companies who ask for socialist gov bump

 

SCAMS/SPINS:

TX judge cancels gov worker vaxx mandate: GOP out to kill as many as possible 900K

VA parent threatens school with guns if require mask to protect all school kids/teachers

“March for Life” ends with March for Death: no choice for abortion; Vaxx gives Life

 

Few employers plan to drop vaccine mandate despite Supreme’s ruling against mandate

RFKjr wife disavows his claim that Covid mandate is worse than Holocaust victim’s death

 

Alex Jones refuses answer re Jan 6 failed coup: refuse on “ground it may incriminate me”

 

How autopilot cars go out of control and kill people: TV advert is not how AI works

Your cruise ship is about to be seized for fuel bill so captain avoids US: how to get home

We are easily mislead by selfish people: Tucker supports Putin’s position: has 4 kids here

 

Bogus cryptocurrency investments social media: send money for promised huge returns

German Nino caught stealing $5.8 million: fake transfers, fake returns, fake statements

Scammers love tax time: IRS sends letter not call; no offers for “pennies-on-the-dollar”

 

Students question our society banning books: preferred by dictators gov banning history  

 

CA town requires you have insurance when you own a gun: like car liability insurance

30 high-power gunshots coming from separate apartment complex kill loved one: 0 arrest

WI GOP to lower concealed-carry age to 18: all students can ‘pack’ at school: easier kill

 

Our future Senators have already been selected with cash from wealthy donors

GOP with help from DINO deny Biden’s Supreme replacement like RBG’s replacement?

Manchin now funded by GOP donors: “follow the money”: Dem in name only

 

Trump threatened GA to change voter count: illegal for president to change our votes

 

Jobs

Immigrant entrepreneurs and foreign genius workers are going where they are welcome

Google is training 100,000 Americans for vital jobs in data privacy and security.

GM retooling for EV in MI: 4,000 jobs build EV and the batteries

 

Who owns your account now?

Simple business pension plans: contribute up to $61,000 tax-deferred

Robo Advisor put out of business by UBS advisors: you pay more

These companies sell your data: you can make sure your credit history is correct

 

Mel Trump did not sell hat for $250,000: start “go fund me” account for new hat?

Average credit card debt: $5,525, down 14% in pandemic: where do you stand?

 

Miracles:

$15 hourly wage for 70,000 Fed employees: can you live on $510 net a week?

73-year-old woman lured her scammer to her home and had him arrested: one less threat

Second year in a row that Greece has experienced a freak snowstorm: new climate zones

 

Still claim your 2021 credit on tax return: Parents of children born in 2021, guardians

Kansas City Chiefs fans donate $178,000 to New York children's hospital after win

Regrow limbs with special chem mix Next “regenerative medicine."

 

Some student loans have been erased: get a letter after years of asking: Biden does it

 

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/

 

Buffett's wealth building advice

 

Did you have an Annual Money Checkup?

The Annual Money Checkup is the way our readers confirm their savings and spending are on target. New jobs require new 401k commitments and new IRS form W-2 for tax withholding. IRA contributions can also help build wealth AND reduce taxes. It is almost like Uncle Sam helping you create a retirement you can’t outlive. If you are leasing a vehicle, use current low rates to buy a 3-year old version of the one you love. If you are paying for life insurance you don’t need anymore since the kids are gone, redirect the premiums to a tax-FREE IRA. Make sure you are receiving a fair deal from your advisor. Paying 1-2% of your portfolio every year can reduce your possible nest egg by 63%. You will need that extra money more than your broker. Use the Miracle of Compounding to double your Wealth Reserve as Warren Buffett does: “My wealth has come from living in America, some lucky genes and compound interest.”

Use your tax-FREE IRS account: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

 

Building wealth is easy if you follow Warren Buffett’s advice

Warren Buffett is your investment advisor—without the fees! The greatest investor of our time with a proven record of $105 BILLIONS, Buffett has provided FREE lessons and guidance for many years—we were just NOT listening. His comments and letters to shareholders since 1977 are FREE. He has explained not only the management of his fund; he has taught us how to invest and provided guidance on the trends of the times. http://www.berkshirehathaway.com/letters/letters.html He has explained why we should NOT follow the advice of Wall Street. He has told us how to be successful investors. He has explained how to turn $9 a day into $1,000,000 over time. He told us the KEY to investment success is COMPOUNDING. “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” Compounding is money earning money on its earnings when it is invested. We can reach $1,000,000 by investing our money in businesses sharing profits with us over time. A special account available to most working Americans makes our money tax-FREE. Tax-FREE is like a $300,000 bonus—we avoid paying taxes— federal and state income taxes on our earnings when we take them. Buffett shows us how to invest FREE of fees too. Set up your tax- and fee-FREE account in 1 hour.

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

 

Is crypto currency right for you?

Crypto is 'rat poison', a third of mainstream investment firms tell JPM. Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labeling the emerging asset class as "rat poison" or predicting it would be a temporary fad. Four-fifths of investors also expected regulators to get tougher on the asset class, while a whopping 95% of them believed fraud in crypto world was "somewhat or very much prevalent", the survey found. So, be prepared for a long anxious ride if you make this wager. Avoid tempting your family if you happen to have a great day with bits of code. Get them started on the right footing.

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

 

 

 

Give your graduate the best gift you can give them: tax-FREE money

High school and college graduates need the best gift you can give them: a future of tax-FREE income. Get them started now since your gift can grow many times its value over time. For instance, $50 invested now can provide them with $20,000 when they need it later. Since you have started your grad off with this special IRS-approved tax shelter they will find it easier to keep saving/investing the right way. They will end up with a tax-FREE retirement. They can create a $500,000 tax-FREE account. Some young people have grown their accounts to over $1 million by investing $167 a month while they work. That is $2,000 a year. They will pay NO taxes on their wealth. They can avoid future tax increases. They can boost their savings by 30% with just the fed/state tax savings alone. And if they need a home down payment or business start up fund, they can use the contributions tax and penalty FREE.

Perfect gift: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

 

How does the Miracle of Compounding work?

A reader shared his long-term investing results. This reader invested $250 a month in a Vanguard fund from 1963-2003 and then he retired from teaching school. His money earned 10.93% real return (after inflation; before taxes). The long-term average return of the S&P 500 index is 11.06%. A $2 million nest egg just takes time. No trading.

 

24%	$3,720
16%	7,795
12%	12,091
-10%	13,582
24%	20,561
11%	26,153
-8%	26,821
4%	31,013
14%	38,775
19%	49,713
-14%	45,333
-26%	35,766
37%	53,110
24%	69,576
-8%	66,770
6%	73,956
18%	90,809
32%	123,827
-5%	120,486
22%	150,653
21%	185,920
6%	200,255
32%	268,297
19%	322,843
5%	342,135
17%	403,808
32%	536,987
-3%	523,787
31%	690,091
8%	748,538
10%	826,692
2%	846,286
38%	1,172,015
23%	1,445,268
33%	1,926,197
28%	2,469,372
21%	2,991,570
-9%	2,725,059
-12%	2,403,420
-22%	1,874,601
29%	2,412,905

 

https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

 

Shop for car insurance every 2-3 years for value

Insurers change their ‘best’ customer portfolio all the time in an effort to weed out drivers who they calculate will make a claim. I was dropped by my NJ carrier once for that reason. I complained to the state insurance regulator and was reinstated. However, I had already moved on to another provider saving $300 a year per vehicle. When I got involved in installing car insurance products at my bank employer, I learned that insurers are constantly looking for more profitable niches. So you need to do the same—shop for a better deal based on the 20 or so discounts you may qualify for. Also you may be over-paying because your ‘profile’ has changed. Since you don’t know which driver profiles each carrier is looking for, you must shop. Shop the insurers with the highest customer ratings in your state according to JD Power. Don’t overpay. I overpaid for years.

Use this shopping strategy: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/

 

Are you paying too much for your 401k?

Your employer may be hiding the higher fees and kickbacks you may be paying on your investment contributions; Or providing you with substandard mutual funds which rob you of long-term growth in your retirement fund. Take a clue from this: Transamerica was caught offering underperforming investments to its own employees and agreed to pay $5.4 million to settle. However this amount does not make them whole since it does not include the compounding factor since 2018. What makes it worse is this employer is in the business of providing ‘quality’ investments so it knows about good and bad funds. 401k plans are famous for hiding their fees and charges from participants but you can determine if you are overpaying for your 401k plan or using bad funds. Low cost is best.

https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

 

 

 

 

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

 

 

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

 

 

Dictator’s Justice Barrs justice

 

Biden may defend Trump’s incitement of failed Coup

 

Coup coming in August: Gen Flynn leads terrorists: take WH

 

Our ‘Truth and Reconciliation Commission’

 

 

How Govt wastes our money:

GA purging thousands of voter registrations despite no illegal voting found 2020

President’s military can force us to end lawful demonstration anytime he holds PR stunt

Biden to defend Trump for 25-year-old rape case: famous/rich get away with rape blame

 

We are in denial: US calls ‘Coup’ to overthrow gov; kill VP a ‘riot’: Riot vs Coup

We train Saudi bin Salman’s assassins: killing those who disagree, like our reporter 

 

 

SCAMS/SPINS:

GOP bishops ban Biden from Host despite pope warning not to use Host for politics

Biden nepotism revived as relatives of relatives take top paying jobs from Uncle Joe.

FL overturns CDC virus rules for cruises: sail with the virus aboard: “f*%k the Feds”

 

South has 4 times more murder than Northeast: 9 of 10 guns in NYC from out of state.

FL man pulled gun on a drive-thru worker because they messed up his order: 2^nd Amend?

9^th Circuit hold up Benitez’s OK for AR-15 is “good for both home and battle” for killing

Ohio teachers carry guns in school: Kill or disarm students? Weapon and training pay!

 

GOP will decide if we, life-long Americans, can vote: disenfranchise Dems

Teachers uneasy: GOP telling them what they can’t discuss in class: Scopes trial 1925

 

Lies finally catch Giuliani: misleading statement to courts, lawmakers, public: no jail yet!

 

Farmers Insurance caught selling annuities that lapsed; no value; no sales oversight

Ramiro Sugranes caught misdirecting client profits to own relatives: clients lose $5 mil

Wall Street ‘analysts’ trying to promote trading by ‘predicting’ market changes—Dah

IRS favorite scams: https://www.irs.gov/newsroom/dirty-dozen

 

 

Nearly all COVID-19 deaths now in people who weren’t vaccinated: 153 fired at hospital

 

Jobs

VP Pence may have to go Dem to get work: GOP still hate him for their Coup failure!

Americans are ditching their jobs by the millions: 650,000 quit retail in April.

Are workers at your hospital/clinic/doctors required to get vax or ‘free’ to infect us?

 

 

Who owns your account now?

Colorado Lets Cities Set Their Own Gun Laws: assault weapons allowed/not allowed

India Walton, democratic socialist, nurse, scores victory in Buffalo NY: we voted her

 

 

Miracles:

Biden is welcome to receive communion at many Protestant services: God welcomes all

10 million more folks have health care during the pandemic: ACA confirmed Supremes

 

Warming: CA water turns to dirt as draught empties lakes reservoirs; rich water lawn still 

Miami high rise falls: just inspected: 99 missing; “wakeup call for coastal developments.”

 

German military installs its first rabbi in a century: Jewish soldiers number around 300.

An ancestor of our ancestor Neanderthals found in Israel lived 130,000 years ago.

 

 

 

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/