What to
do with your RMD: How much will you spend?
Your RMD
or required minimum distribution is the amount the IRS calculates for income
tax purposes from your retirement accounts annually after your turn age 70½.
You may want to invest part of it for the future or cut the amount in your IRA
that you will pay tax on in coming years or contribute to legitimate charities. I help you
answer these questions now: Will you have enough? How will you invest? How much
will you spend? Explore 17 alternative
uses of your RMD. Create tax-FREE income from your IRA while reducing
future RMD. Take advantage of the miracle of compounding: $100,000
may become $500,000 in 15 years. Create an investment plan for 30+
retirement years. Self-insure and self-fund all your financial needs. Social
Security to cut benefits in 2034 so you may
need more income later. You have time to do something about the future.
The
chickens have come home to roost: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716
Trump tax plan has NOT brought
outsourced cash back for jobs in US
GOP gave corporate America Jersey , an island
off France Jersey if I
could too.
Avoid paying for their taxes: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
Do you need a gift for your grad?
Best gift for your graduate: The
Gift of a Lifetime.
Your monthly gift could provide
your grandchild with real ‘social security:’ their own tax-FREE money. You take
advantage of the miracle of compounding. Your gift becomes a $2,000,000
tax-FREE Wealth Reserve. You could reduce your taxable estate by $500,000 for
each grandchild. Your grandchild will NEVER have to pay taxes on the money
either. Social Security will exhaust its funds in about 2034.
Every year you delay costs your favorite kid $100,000 later.
Are you eligible for Medicaid to
pay your long-term care costs?
The way annuities can help with
Medicaid eligibility is that they can transform otherwise countable assets,
such as savings accounts, into a non-countable income stream, thus protecting
assets for heirs while spending down what counts against you in Medicaid
eligibility. You are essentially giving up your asset temporarily. So the
annuity must be non-cancelable and non-assignable and name the state as
beneficiary for at least the value of the Medicaid assistance received
(exception for disabled child). Thus most
annuities sold do not fit the requirement. You must obtain a confirming
statement from the insurer to protect yourself. Typically it is a single
premium immediate payout annuity. State law varies so use a qualified sales
person. This strategy may not work for you since you won’t know for sure it
works until you need it. Your spouse will not be made destitute in this process
if you plan well.
Will you need insurance: https://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X
How much are ‘reasonable’ advisor
fees?
Again, it depends. How much is
your advisor doing for you? Money management only costs
0.22% for a balanced (bond/stock) fund with a 40 year history of providing
superior returns (9.4% a year). If your advisor is giving you financial
planning services, including mortgage, college, tax and retirement funding,
quality will cost you 0.30-0.50%
of your <$1 million portfolio each year. If you just want periodic advice,
pay $500-$2,000 an hour to a certified
financial planner, depending on your needs. That way you pay as you go for
professional services and leave the money management to institutions that know
what they are doing. Investors not traders go for the long term rewards. If
your advisor is asking you to move your money to another firm it is because
they are getting a bonus
up to $600,000 and you don’t want to be around as he has to make it to the
firm next year.
Pay only for what you need: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Why do you need 12 Energy ETFs?
The fact that every
brokerage firm seems to be pushing its own commissioned index with annual
fees up to 1% should not surprise anyone. But I am. Some 3 year returns are
negative (-16%). Some don’t even have them. All
earn less than the proven market leader with over 10% returns since 1984
and no commission and lower annual cost of 0.41%. If you know when energy
prices will spike, which one of the 12 should you buy? Can your broker tell you
when to sell? If you have insider knowledge, why not just buy the company
stock? What about the gains from oil and gas company earnings? China
seems to own the solar panel market. Is that your short- or long-term bet?
When your broker does NOT have
answers: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Can you time the market
declines/risings?
Many studies have been done on
this strategy. When you listen to market
commentators and they talk ‘over weight’, ‘sector rotation’ and ‘moving to
cash during the cycle’, remember they are getting paid very well at sounding
good trying to predict the future ($1 million is better
than fortune tellers). They are not actually doing what they talk about.
Their wealth does NOT come from their
‘insight’ into market tea leaves but from entertainment TV sponsors. The
reality is that timing
and picking does not work. Look at one study
ended 2015. How would you have done if you missed the market’s top-performing
days, assuming you can’t predict the future? Your $100,000 investment would
have reached $120,230 if you missed 25 days of the 7,300 days. However, if you
were out for 20 days, then $148,698; 15 then $186,715; 10 then $238,637; only
FIVE then $317,215. If
you never left the market, then $478,171! Your money went up 378%! That’s about 8% a year
nominal. $478,171 is more than $120,230. It’s time not timing!
Use the winning strategy: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409
Advisors are now allowed to sell
you the worst products (best for them)
A court
struck down Labor’s fiduciary rule so the DOL said it won’t enforce ‘prohibited
transactions’. Sellers will go back to selling annuities to 90 year old widows as they
did before. Lawsuits have been brought that allege that certain insurance
companies and banks target elders and use scare tactics to pressure seniors
into investing their life savings in deferred annuities, which can make the
seniors’ savings inaccessible for 10-20 years, can carry exorbitant surrender
charges and severe tax penalties, and can create complicated estate problems
after death. Appealing, yet misleading, sales pitches to seniors often describe
annuities as “guaranteed” and compare them to having money in the bank that is
“safe” but pays a better return. Confusing language in the annuity contract
often obscures the devastating fees involved if money needs to be withdrawn as
the senior citizen ages. Additionally, many of these annuity products are sold
by agents being paid significant commissions for such sales, creating a
potential conflict of interest. Don’t settle for poor products. Use firms
that put your best interests first.
Use the Best for YOU: https://www.amazon.com/Fiduciary-Rule-BEST-dont-settle-anymore/dp/1530980275
Is it worth making a financial
plan?
People who make a financial plan are more likely to be ready for whatever our economy throws at them. Companies and their jobs can come and go in a very short time. Even though it seems that people who want to work can find a job in today’s market, our situation can change quickly. If there are tons of jobs in another region, can we just pick up and leave? Most people need time to adjust—move or find another job. This takes an emergency fund. According to a Schwab study, 65% of people who plan have one; 24% of non-planners do not have one. People who plan are less likely to live paycheck to paycheck. They feel financially stable. Making a plan does not require you to hire a financial planner or open a brokerage account. It takes just 2 weekends.
People who make a financial plan are more likely to be ready for whatever our economy throws at them. Companies and their jobs can come and go in a very short time. Even though it seems that people who want to work can find a job in today’s market, our situation can change quickly. If there are tons of jobs in another region, can we just pick up and leave? Most people need time to adjust—move or find another job. This takes an emergency fund. According to a Schwab study, 65% of people who plan have one; 24% of non-planners do not have one. People who plan are less likely to live paycheck to paycheck. They feel financially stable. Making a plan does not require you to hire a financial planner or open a brokerage account. It takes just 2 weekends.
Make a simple but effective plan: https://www.amazon.com/Simple-Financial-Life-paycheck-paycheck/dp/1441499326
****************
Make America, “The Don” Great
Again
Trump’s Gestapo
ICE troops break into house in front
of kids
FBI
finds answers in ‘The Don’s’ consigliore’s office/home/hotel
Trump thinks the govt is ‘conspiring
against him.’
(Dictators often have delusion they are being attacked by
insiders)
Treason
definition: ‘giving
them aid and comfort within the United States’
Putin’s influence: Manafort,
Flynn, Gates, Page, Stone, Papadopoulos, Sater, Zwaan jailed,
Prince,
Jr,
Jared,
Sessions,
Cohen,
Yohai,
etc
(program
guide to the actors)
Fake ‘Witch Hunt’ produced 5
guilty; 17 indictments.
“The
election is going to be rigged—I’m going to be ‘honest’”
Could Trump postpone Nov 2018
election using excuse of Putin meddling needs fixing?
************************
How Govt wastes our money: Congress
spends $1.3 Trillion we don’t have!
Why
are we still giving our money to sugar, oil etc corporations? Socialism for
the rich?
Is
The
Don still getting tax breaks from taxpayers? Fills DC hotel and winter WH.
Trump
lifts sanctions on Russian aluminum billionaire but not everyone else.
SCAMS:
Jared’s ‘peace within reach’
solution—Israel
snipers kill 60 after rocks thrown. Qatar?
What is this ‘deep state’? Fed govt
that groups don’t like who control no accountability.
GOP
hits zenith: states can now take money from every gambler instead of the mafia.
Trump’s
greatest con continues as victims believe he protests against being
disrespected
Hannity
becomes Trump’s last ‘advisor’—con men share jokes/domestic policy/hate.
Brent
Borland Sag Harbor caught stealing $21 million in airport scheme.
Leon
Vaccarelli, Lux Financial, caught stealing $1 million in various elderly
schemes
Uber
auto-car kills AZ woman walking across street even with ‘safety’ driver.
Real
Wolf
of Wall Street Belfort stole $110 million, jailed now failed to
repay them.
Trump
has $1.4 billion in assets in sworn document, not $10
billion he claimed.
Fake
memory enhancement Prevagen sued for false claims but still makes $
millions.
Jobs:
GM
to stop making cars; joins Ford and Fiat keep trucks and electrics
Truck
drivers to $150,000 in TX; nurses signing bonus $25,000
Trump
working hard to restore jobs in China China caught helping Iran N.Korea.
Get your
degree online from best universities: https://www.coursera.org/degrees
Who owns your account now?
Watch
out how you title your Social
Security account: Update your address for new card: https://www.ssa.gov/myaccount/
What
if your home/car can be hacked like your vote, credit, friends’ data?
All
personal phones (except 1) are taken from WH staff but didn’t prevent leaks
so far.
Can we trust Ari
Melber to explain the legal case against POTUS?
Miracle:
Former
Trumper warns Americans are losing
their democracy with alt. facts.
“A ticking time bomb,” the Vatican
calls financial derivatives. They take vital life-lines.
IAN
41 Watchung Plaza, B242
973.746.2014
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