Retirees will need to un-retire and go back to work

 

These money managers have “best” investments safeguards

These managers promise to safeguard your money for the next 10 years using Treasuries or high-yield bonds or gold or real estate. But what if equities regain their glow next year like they have in the past? Buffett’s strategy of buy and hold a low-cost S&P 500 index fund has proved his genius. This index is down 15% this year but in 2009 it was up 27.11% after being down in 2008 -37.22%; it was up in 2003 28.72% after down in 2002 -22.27%; it was up in 1991 30.95% after down in 1990 -3.42% and up in 1989 by 32%. This index provides over 11% over time and reflects every sector of the market. Recently it was dominated by the tech firms since it is structured along the current market capitalizations. But also recently, the Energy index soared. The index fund you pick must be a low-cost one so that you don’t give up HALF your gains to the seller over time.

No safeguards; just hype: https://www.amazon.com/Fact-based-Investing-first-million-hardest/dp/1977574270

 

Retirees will need to un-retire and go back to work

The National Institute on Retirement Security reports that almost 40 million households have no retirement savings. An October 2020 study by the Center for Retirement Research calculated median retirement account (401(k)/IRA) balances by age from Federal Reserve survey data. The average worker will receive about $412 a month by age 66. The average SS benefit is $1,544. Instead of investing in a ‘safe’ 5% investment option, you could use the low-cost S&P 500 index fund and receive $3,491 a month based on the historical average return of 10% a year. Starting late at age 35, you can easily cover your average expenses of $2,479 monthly. Here are the current numbers:

• 35 to 44: $51,000
• 45 to 54: $90,000
• 55 to 64: $120,000

The median retirement account balances will leave the average worker in need of another job during retirement. You could also use a special tax-FREE retirement account.

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

 

Options for your 401k, 403b retirement money if change jobs

To avoid ruining your retirement fund, there are several ways to preserve your tax advantaged accounts. You may be paying taxes and fees you don’t need to and thus canceling the Miracle of Compound. Buffett regards compounding as the key to his unparalleled asset accumulation of $109 Billion. Compounding is earning money on your money without doing a thing. You give up this strategy if you do not keep your nest egg growing AFTER you leave your job. Leaving your 401(k) account behind in a former-employer plan after changing jobs can cause participants to lose up to $7,000 in fees over the long term. If you keep your account’s tax-favored status by moving your funds from your old employer to a rollover IRA directly, you keep the Miracle working for you. Directly moving money from your old account to your new account by having your IRA trustee handle it, you avoid paying tax and fees on the balance. If you cash out or take possession of the lump sum, you will lose cash and also the Miracle. Example: your 401k is worth $150,000. You lose your job and take the money or you miss the deadline for a personal rollover. First your employer must deduct 10% and send it to the IRS. There may be a fee to close out your account and send you a check.

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

 

Another way Congress lets billionaires avoid taxes we pay

Ray Dalio money manager and the industrialist Koch family have pioneered philanthropy through the 501(c)(4). More than just a charity, it can avoid punishing taxes so they can become multi-billionaires. They don’t pay their fair share as we must. Congress allows them to retain business control even though giving to charity is supposed to the opposite. When we give to a charity, we don’t get to control the assets we gave. Because the wealthy retain control of the assets they got a tax deduction for, they can use the asset values to influence politics. Corporations can now give unlimited money to candidates and Congressional lobbyists. This means they can control how and where they spread influence. This is the most effective “dark money” political giving tool. We are limited to $2,900 gifts and so don’t even get an audience from out representatives. The C4 structure allows Patagonia’s Chouinard, 84, donated his company to create a new $3 billion environmental nonprofit that will exert influence long after his lifetime. Senator Sheldon Whitehouse, a Rhode Island Democrat calls 501c4 an “increasingly powerful tool for mischief by the mega-rich.” We have one way to avoid paying their taxes.

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

 

Is a Health Savings Account (HSA) right for you?

Many working people will enroll in a high-deductible health plan. That means that you are also eligible to contribute to a Health Savings Account (HSA), which has triple-tax-free benefits: tax-deductible contributions, tax-free earnings growth, and tax-free withdrawals when used for qualified medical expenses. This makes them better than even Traditional and Roth IRAs. You don’t give up your contributions each year (Flexible Spending Accounts) and you can use the funds in retirement to supplement your other retirement funds. There may be more health related expenses in retirement than when you were working. This makes this account very desirable. Find out more here.

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

 

How much should you invest for a decent retirement fund?

Most people have no idea how much and in which investment option they should be putting their hard-earned money into. Even though we never had a class about this important subject in high school, it becomes a critical and easily answered question. As a 30 year old in my first good job earning less than $10,000, I saved nothing. By 1988, I made about $15,000 and saved about 6% in Fidelity’s popular Magellan Fund because my boss showed me his statement’s gains. From then on I invested in stock growth funds inside my tax-advantaged 401k. Some employers matched my contributions and some did not. For those who did not, I put my now 8% into a tax-deferred IRA, taking the tax deduction which lowered my overall annual income tax. The stock market tumbled a few years but I did not know of any other alternative. Actually I tried to sell all my company fund shares during the beginning of the Gulf War but my broker did not follow my instructions. He tried to sell me a deferred annuity. This would have been a bad choice since the mutual funds soared 31% in 1991. I never used a broker after that. I moved everything to Vanguard since the fees were lower than all the other funds I owned. I stayed in growth stock funds for the rest of my working life. I owned about 10 different broad stock funds and really did well in 2021. I moved 50% of the total retirement funds to a balanced fund in 2000 and 2001 with no commissions. During my once-a-year review, I estimated my retirement income using Vanguard’s Retirement Income Calculator. Years before retirement, I used the Vanguard Nest Egg Calculator to make sure I would have enough to live on. If I started investing today, I would use the tax-FREE Roth IRA account instead. This would reduce my income taxes from other sources like Social Security benefits, which are taxable at my current income level.

 

Make sure you use all your credits and deductions

Certain credits may give you a refund even if you owe no taxes. Because the IRS does not tell you if you missed a credit or deduction and your preparer only looks for a refund of any size, you may be missing $hundreds in refunds. You need a basic knowledge to make sure you don’t overpay. In fact, you may avoid the tax prep fees if you can follow the basic pattern of your tax return from last year. Most people have the same income sources and expenses as previous years. So most income tax filings can be done by you for free with one of the sites authorized by the IRS: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free or volunteers at https://www.irs.gov/individuals/free-tax-return-preparation-for-qualifying-taxpayers.   Saves you $323 or more.

https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382/

 

 

 

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

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Parallels of this era in the past may hint at our future: democracy breaks apart legally

 

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

Billionaires paid $881 million for votes in 2022 midterm elections

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

Jan 6 2021 Direct 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'

 

Christian Nationalist Party (CNP) replaces GOP

 

Nov 8 2022 Trump’s “national revolution” failed

 

Nov 15 2022 Trump announces for 2024 to avoid lawsuits

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

606 people killed by neighbors: can America’s reps stand up to war gun fantasy

 

 

SCAMS/SPINS:

Trump going with anti-Semitism this time: he and Nazis plan to take over US in ‘24

Terrorist guilty: Oath Keepers leader found guilty of trying to overthrow our gov

So far, 912 terrorist charged with crimes, 492 convicted of trying to overthrow gov

 

RECALL Lead: Sippy cups sold at Whole Foods, Amazon recalled due to lead poisoning 

Baby formula in short supply until Spring 2023

 

Tesla on autopilot repeatedly hits a child mannequin in stroller

Musk wants to put chip in our brains: what could go wrong?

 

Overcharges on your internet/cable: tricks get us to pay more

Internet tax preparers sending data to Facebook:

European Central Bank: Bitcoin is being artificially propped up: not legit

 

Loan Doctor caught promised guaranteed interest rates between 5% and 6.25%: refunds

 

 

How to stop corrupt Supreme Court: Supremes get perks from rich; give advance notice

“Grandparent scam”: You get a call from someone pretending to be your child/grandchild

 

Jobs

the-fastest-growing-jobs-for-2022

 

Who owns your account now?

Car models retiring: you might consider another brand

Elon Musk’s losses for 2022 topped $100 billion: I feel better about my account

Smoking among young adults fell from 35 percent to 12 percent during the past 20 years

 

Miracles:

Most boring game: World Cup: U.S. 0-0 England play to a scoreless draw

Hemgenix new Hemophilia B one-time gene therapy product producing Factor IX  

Toledo City OH will use American Rescue Plan to buy out medical debt for residents. 

 

Lung Cancer Screening Can Catch Tumors When They're Curable

Dallas to ban gas mowers to cut noise, co2 pollution

Same Sex supported by 19 Republicans. Thirty-six GOP do not believe in equality

 

Robot removes a 2.3-inch cancerous tumor from a 61-year-old's throat

 

 

 

 

 

Our Universe is Mind-Blowing

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

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

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

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

 

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

Energy into matter: scientists converted light energy directly into matter in one step

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

Gravity might induce the collapse of quantum vibrations into 1 quantum state—our world

 

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.

Scientists build 'baby' wormhole as sci-fi moves closer to fact: inside quantum computer

 

 

 

@

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/

Are your financial biases risking your future?

 

Get to know your financial biases for a more secure future

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

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

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

 

 

Is a health savings account right for you?

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

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

 

 

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

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

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

 

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

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

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

 

 

 

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

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

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

 

 

 

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

 

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

 

Supremes decide election … again?

“Follow the money”

 

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

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

Dictator: “I just start kissing them” 19 women

Dictator: Plan to eliminate FBI, jail opposition

 

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

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

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

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

 

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

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

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

 

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

 

 

SCAMS/SPINS:

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

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

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

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

 

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

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

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

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

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

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

 

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

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

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

 

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

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

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

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

 

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

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

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

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

 

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

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

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

 

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

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

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

 

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

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

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

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

 

 

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

 

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

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

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

 

Is it a scam?  Check AARP scamline 877.908.3360.

 

Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

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

 

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

 

Jobs

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

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

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

 

Who owns your account now?

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

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

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

 

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

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

 

Miracles:

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

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

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

 

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

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

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

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

 

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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