Use Buffett's SIMPLE strategy

 

$1,000,000 retirement fund from contributions of $250 a month

Keeping your contributions in a low-cost tax-FREE account is the easiest way to make sure you have enough for retirement income for life. The contributions of $250 a month must be steady (automatic investing). You must avoid any advisor charges, stock picking or trading. Your best investment option for your long-term goal is a low-cost stock-market index since you own shares in the largest 500 US companies. Most are profitable for extended time periods. They have already proved their successful products/services.  You are using the Warren Buffett strategy of compounding your earnings over time. His advice may seem simplistic but he has proven it works for investors who recognize that there is no advisor or strategy that is better at achieving long-term goals. Wall Street firms and advisors/brokers must take your earnings in order to survive. You pay less so you earn more: it is that simple. Wall Street costs a lot to run and most personnel don’t take a cut when they fail. This chart says it all: Over time, owning the 500 largest equities at cost provides on average 11% per annum. Over time, your $102,000 total contributions compound TEN times to over $1 million. It is time IN the market not market timing that defines a successful strategy. Use a long-term strategy for a long-term goal.

https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268

 

 

Where is your portfolio as market gains 3% in 2023?

Is your advisor waiting to re-enter the market? Sometimes market jumps are huge and if you are not in it, you lose. It may take time to recover the 20% drop but you won’t be able to if you are sitting in cash. Buffett has said that we should not bet against the US economy. In the past, stock market lows are followed by market highs. A low-cost balanced portfolio will help you stay in the money over time. Fast trading, market sector rotation and momentum are usually poor long-term strategies. No one knows the future so gambling will mean more losses than gains. You don’t need the expense of advisors since you pay even when they lose your money. Take Buffett’s advice.

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

 

How much do you give up by investing through an advisor?

One analyst has estimated that over time, you give up 63% of your eventual total return by using “professionals” who claim they can improve your money management. However, they must sell expensive products and charge fees to stay employed by their firms. Financial firms are in the business of transferring your money to theirs. You pay every quarter or every transaction no matter how well or poorly your account does. But most folks don’t even know they pay costs. Because of 2022 negative returns more of us are changing advisors. But advisors could not predict the bond fallout or the equity downburst. We are more likely to need a psychologist to handle our expectations. We panic because we think of our security accounts as bank accounts. If we consider investing in companies as a partner in good businesses, we would not panic during a global pandemic. For long-term investors, there is no better asset class than equity indexes. This chart says it all: Over time, owning the 500 largest equities at cost provides 11% per annum. Buffett proved it: Vanguard 500 Index beat 6 hedge funds.

https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

 

The most important financial lesson to live by

“My wealth has come from a combination of living in America, some lucky genes, and compound interest.” Warren Buffett, one of the greatest investors of all time, credits compounding as a source of his financial success. Most of us have never heard of this in high school or college. Financial firms that charge us for promising to “manage” our money, have convinced us the Buffett’s strategy of “buy and hold” securities, allowing compounding to work, does not work. They claim they can help us meet our money goals. Perhaps in the short term they can sometimes. However, the price we pay in lost time in the market compounding our returns can never be made up. Dalbar tracks the total return of different assets “managed” by advisors vs just holding the indexes provides us with the evidence that Buffett is right. For instance, investing $250 a month over 10 years or longer time periods in a low-cost large stock index compounds to $54,700 vs only $36,500 if managed by a “professional” money manager. Since most investor don’t understand the cost benefits of compounding a “buy and hold” index fund account, they end up with only $167,700 vs $707,000 after 30 years of investing a total of $90,000. That is the power of compounding in the low-cost market index rate fund.

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

 

How to have $ million dollars tax-FREE for retirement income

The simplest way to end up with an adequate retirement income is to follow Warren Buffett’s strategy. You don’t have to pay Mr Buffett for his advice—he is not a broker or advisor. He does not write hypotheses for a Wall Street firm. He does not change his advice on which stocks to buy from month to month. He proved his strategy by betting and winning against 5 hedge fund gurus. He says buy low-cost Vanguard funds for your retirement. Since most of us can only invest once a month, if we contribute $250 a month to a special tax-FREE account, we can end up with $1,000,000 in 34 years. Since this account allows us to take the money out without income taxes, we will have more to spend in order to overcome the drag of inflation and advisor/broker costs. He recommends funding a retirement account directly by avoiding Wall Street entirely. You can earn more by paying less and allowing the Miracle of Compounding to work a miracle on your money. A low-cost account allows us to invest just $102,000 total over 34 years and end up with TEN times your investment. No advisor/broker can accomplish that Miracle. Confirm how this happens without an advisor/broker picking stocks, buying and selling, charging when they lose money. Check it: set the 34 years from 1989 to 2022 in this annual market rate calculator using the 11% average annual return.

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

 

What to do when your long-term care policy premiums triple

Insurance companies used a number of bad assumptions or tricks when they sold you the policy over 10 years ago. Recently, almost everyone’s premium has skyrocketed. The state regulators (funded by the insurers) have rubber stamped almost all rate hikes. If you are stuck, the insurer will cover their mistakes by reminding you that you signed a disclosure that protects them from any responsibility. Ask the company what your options are. 1. Pay the increase like every insurance policy. 2. Reduce the years of cover since the average stay is under 8 months. 3. Reduce the daily benefit instead of any inflation-protection benefits. 4. Reduce the years of cover for the male since most females will live longer. 5. Reduce the benefits with a paid-up policy. 6. Take a cash buyout if offered. Add this cash to a low-cost well-run balanced mutual fund like Vanguard’s Wellesley Income Fund. Since most policies are used to pay in-home care giving services, you may have enough funds from other sources to pay for help at home. Medicare covers rehab costs after a hospital admittance. Remember very few people need expensive long-term care in a facility. Add the amount of premiums to your retirement account since most of us won’t use a policy but we will need help sometimes.

https://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X

 

Retiree plan changes

Medicare can negotiate drug prices. In 2025, no enrollee will be required to pay more than $2,000 out of pocket per year.  RMD age requirement moves from age 72 to age 73, starting on January 1, 2023 then to 75 in 2033. More time to compound earnings. You may start taking RMDs earlier and for a higher amount. The bill also allows higher “catch-up” contributions. Benefits of Medicare and Social Security are left in jeopardy since the wealthy Congress and their constituencies do not wish to shore up retirement needs for the future. House GOP has made it clear it will cut programs for the poor and middle class in favor of tax cuts for the rich, business subsidies and war spending. The current economic downturn will be overcome by more layoffs and higher prices, not by taxing the wealthy, GOP says. Most unbiased analysts favor using other resources before starting RMD withdrawals. Since Congress has not tried to fix the under funding of Social Security or Medicare, we must invest for the coming SS shortfall in 2034. Find your previous employer’s retirement plan assets at https://unclaimedretirementbenefits.com/

Boost retirement income: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224/

 

 

 

?**********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

 

Trump still terrorizing election woman

 

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

 

January 6, 2021 “A date which will live in infamy”

 

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

 

Dec 3 2022 Trump: cancel Constitution rules so ‘I win’

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

The Cost of Extreme Wealth: 200 millionaires want taxes; not bleed SS Medicare folks

Coal-oil-farm-Boeing-corporate offshoring subsidies raise deficit: middle class pays more

Many corporations fix their tax rates to 0%: 2 sets of books. friends in Congress get paid

 

Former senior FBI official accused of working for Russian: who can we trust?

GOP puts Greene plus omicron deniers (Dem’s hoax) on Pandemic Committee: US doom

GOP leader reinstated to hate, misinformation networks: dictator has his megaphone back

 

SCAMS/SPINS:

WW III begun: Blitzkrieg on Putin is what Germany feared: only US knows Abrams

 

Eleven of 17 House committee chairmen voted for end democracy: "big lie" supporters

2022 tax changes: Congress removes benefits from Covid era

Don’t File Your Taxes Until You Have These 7 Things

 

GOP leader tells his followers NOT to cut SS and Medicare:  Trump warns

 

AZ GOP legislators curb transparency of their own gov business dealings: hide mistakes

What ‘freedom’ means for GOP extremists: I do what I want: F..k everyone else

Self-appointed militia (not National Guard) guilty of trying to overthrow our government

Despite the mass killings recently, Americans, their kids chose guns to solve their problems

 

More than 1 in 10 older folks live in poverty: 10.3% in 2021 and rising

 

Luxury hotels post fake online reviews  to compete: who can you trust?

Tmobile 37 million customers’ addresses, phone numbers dates of birth hacked: “no problem”

6 year old shooter “acute disability” able to avoid school search: all shooter “disabled”?

 

Tells of a used car from a flood: carpet, moist spare, door sill, etc

Ford recalls 462,000 vehicles camera failure

 

Hackers: Online and mobile advertising is complex, murky business: our data is theirs

Environmental Charity Scams: emotional appeals best for taking our money

 

Lobbyists given $millions change TX law allowing casino gambling: Abbott, Patrick pd.

Celebrities probably know nothing about the products they endorse: not evil just greedy

Santos wooed investors for alleged Ponzi scheme: Harbor City FL brokerage

 

Binance moved $346 mln for seized crypto exchange Bitzlato

21% of respondents did not think that they paid any fees on their investments

 

Doesn’t matter what the motive is for mass murder: semi auto guns not for hunts but kills

 

Jobs

New Hiring Trends Job Seekers Should Be Aware Of

 

 

Who owns your account now?

Credit card bonus offers plus no interest for a year or two.

SS survivor’s benefits: only a third of those who lost a spouse applied for benefits

Best free backup software: check specs

 

“Impossible” to hack blockchain crypto systems are hacked: you lose money

Securian Financial's Wealth Unit to Cetera: 1,000 staff; 30 independent firms

According to the IRS, almost 90% of taxpayers use the standard deduction.

 

Miracles:

Ancient Roman concrete give the material self-healing capabilities: fix bridges/roads

Active military tried to overthrow gov despite swear to defend Constitution

BEWARE: ChatGPT says it takes 9 women 1 month to make a baby

 

An ant’s sense of smell is so strong, it can sniff out cancer

6 ways to slow memory decline and lower dementia risk

Local NJ residents organize to stop book ban by conservatives: FL makes it felony

 

Brazil using Ap to help end hunger’s large number of families

 

 

@

 

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.

Gold made from neutron stars: collisions produce more neutrons:79 protons,118 neutrons

The proton is so complicated science still finds new energy entities/forces every year.

 

“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

starts-with-a-bang/universe-expansion-not-accelerating/

 

 

 

@

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

http://www.theinsidersguides.com/

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

 

Moving retirement money

 

Advisor’s universal advice: “Long-term investing isn’t sexy. It just takes patience.” There is only one way to make sure they have enough for later life, this advisor warns athletes. “You’re wealthy today, but that doesn’t mean you’re going to be wealthy tomorrow.” “[They] get real loosey-goosey with the money they have in their bank account,” the advisor says. “You may be making $2 million one year — but the next, you could get cut and make zero.” Years ago, players were going broke or bankrupt after football. Now the NFL will match what they put in their 401(k) up to 200%. If you don’t have a matching 401k or 403b at work, an IRA can provide the same huge nest egg in retirement—it just takes time. There are two IRA flavors—tax-deferred or tax-FREE. A traditional IRA allows you to deduct up to $6,000 from your annual taxable income. You pay tax later when you take the money out for retirement income. A Roth IRA allows you to contribute AFTER tax money so your life-long gains in the account will be tax-FREE. $250 a month in a low-cost stock market index fund may grow to $1,000,000 in 37 years. You have contributed $111,000 but the full $1 million is tax-FREE. This may mean no income tax on your SS benefits too. $1 million to spend just takes patience.

You don’t need to earn an NFL salary: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Winning a contest or gambling is NOT the way to wealth

Amy Schneider Faces Tax Bill Of Over $630,000 After Record 'Jeopardy!' Win. Schneider won $1,382,800 but almost HALF goes to taxes. A better way to build wealth is to pay NO taxes on your income. Our tax system does provide a better way: tax-FREE earnings using a legal tax haven so that every penny you earn can be spent—no taxes. Hopefully Schneider has used this tax-FREE account for her regular job. She could have invested in the IRS-approved account during her work years and accumulated over $1 million and NOT have to pay taxes on the full $1 million. Avoid taxes like the rich.

Use your tax haven: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

 

You quit: What to do with your retirement money

People are looking for flexible work arrangements, higher pay and job security in their careers. Many are willing to leave their jobs to find something better. But what do you do with your old 401k or 403b? Some companies allow you to leave it in your old plan. However, you will need to monitor closely what is going on there. Sometimes when companies change hands, the former workers can’t get their money out right away or at full value. Unless you are planning on taking your nest egg now to live on (and pay the 30-40% lump sum taxes), you have the option of keeping your balance growing. You may need 30 years worth of retirement income so most people make a tax-FREE transfer to a new job plan or to a rollover IRA at a mutual fund firm. Each time I left my employer, I had the Vanguard custodian receive my old job account directly into a tax-FREE rollover account. This avoids the chance that the old plan clerk tells the IRS that you took the money without paying taxes. It is very difficult to undo a mistake of this sort. You can’t put the “genie back into the bottle.” When the money got to Vanguard, I told the trustee to put it in the same kind of investments I owned in my old 401k. I never paid a dime in tax along the way to a comfortable retirement income.

https://www.amazon.com/Reset-Your-Retirement-Income-retirement/dp/1512304344

Why stocks are the best tool to beat inflation

Inflation is happening now at 6-7% annualized. My 69 cent can of beans went to $ 0.79 in 1 week. Gas, food and rent are more expensive so my income can’t keep up. My fixed income pension and investments have less buying power so I must buy less of everything. I buy half a dozen eggs instead of a dozen. For my readers who have most of their investable assets in low-cost broad-stock market mutual funds, they will be able to keep buying what they have been buying. Their accounts are down only 5% so far. They are not traders or cyber speculators. They expect their total returns from stocks to maintain the average of 10-12% nominal. If inflation returns to the 3% historical average, they gain 7-9% staying ahead of any cost increases. There are no guarantees but as Warren Buffett has done in his will, his heirs will prosper from his mandate of using a low-cost stock fund for retirement growth and income. Low-cost beat high-cost in every period.

Take his advice: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

 Do you need a financial advisor?

The for-profit industry thinks you should pay one $ thousands. But how do you find one who can help you without taking most of your earnings. One industry insider calculated that paying 2% in fees, trading, and poor timing will deprive you of up to 63% of your potential accumulation. Over your life of saving for retirement, you could end up with $ 2 million or less than HALF that. There are money managers, securities sellers, financial planners, RIAs, and discount brokers. You must decide which you need, so ask a lot of questions: costs, taxes, legacy, risks, strategies, large mutual fund firm or small ‘boutique’ firm, DIY or full service, fiduciary or trader, family or lowest bidder firm. Shop around. Maybe you need one of each type. One sales person can’t do it all.

It’s your money: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

 

Congress people make $ millions on stock trading info we don’t have

At ‘work’ Congress people use "insider trading" with their privileged information. We pay their staff to find information on the issues of the day. Example: they learn early which vaxx maker used, which firm will get gov contract for new weapon system, which oil fields will be leased to which oil co, which new gov building built where, etc. They learn which companies will merge, go bankrupt, fail and be investigated before we do. House Rep Pelosi, listed as the eighth biggest trader in 2021, is not the only lawmaker 

whose disclosures reveal millions of dollars worth of transactions. Congress works the system they create: they write the tax laws about their own businesses, that provide subsidies to their donors, that fund the Import Export bank that supports Boeing, that even pays themselves as gentlemen/women ‘farmers’. This is socialism for the rich and connected. Government helps the wealthy stay wealthy.

Socialism American-style: 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

 

 

The Path to Dictatorship: 2010-2030

 

 

Trump admits “sending US to hell”

 

GOP censures terrorist accountability

 

GOP: sedition is 'legitimate political discourse'

 

Justice Dept ‘lawyer’ planned coup

 

Trump flushed coup plan down toilet

 

Pence shines light in the gulags “I am the only one”

 

 

 

How Govt wastes our money:

Who would be against lowering carbon emissions in Biden’s BBB bill? Not people

82nd Airborne deployed to Eastern Europe: Biden draws Putin a line GOP objects

FL GOP nixes abortion for rape, incest: FL GOP will adopt/raise these kids for life

FL to give people right to pick school topics so NOT to give student any “discomfort.”

 

IRS wastes money on facial recognition instead of auditors to catch rich tax avoiders

Government shuts down Feb 18: Congress goes home next week: another work stoppage

Manchin killed clean air part of BBB to keep his biz in coal sales: $500,000/year

We lost $125 million Mars orbiter with simple math error: no one fired

 

SCAMS/SPINS:

Spotify for misinformation: Follow the $100 million:   _____better places for music? 

Guns don’t kill people; people kill people: lock up all the people with guns?   Sure

 

Stop retirement account hackers with help from your investment firm.

 

AL GOP new voting districts cut out Black voters: Supremes agree cut Black votes

NC Supremes: GOP gerrymandering unconstitutional: GOP took away 2 Dem districts

Check the source before you accept what they say: easy to fake it

 

Texas butterfly sanctuary closed after far-right threats: fake reports wake brainwashed

Trump adviser to take over Republican National Committee: more control; more money

 

Canada-MI trucker’s protest is not about mandates: 90% vaxxed: Anti gov protesters

Miracle: all those “deeply held religious belief” anti-vaxx letters $195; same sources?

GOP anti-vaxxers going for 1,000,000 dead: US leads the world: 19,000 a week no vaxx

COVID Orphans—Over 200,000 Children Have Lost Family: NOT a personal choice

 

Covid plague takes out 793 English pub which lasted in wars, famine and last plague

 

Tesla takes out 2 deputies while ‘driver’ watching movie: why let car kill?

Tesla self-driving is a marketing stunt: watch this drive before you buy: killed or kill?

Forget auto driver: Tesla tries to drive down railroad tracks; hit pedestrian, bike lane

 

GOP intimidates voters by sentencing woman to 6 years prison just for registering

 

Sucking kids into gambling with gaming-style aps may cause more additions

6 India-based call centers indicted for placing tens of millions of scam calls

Hyundai, Kia cars can burst into flames: don’t park near buildings: recall 500,000

fake luxury goods from Gucci to Chanel across Facebook, Instagram: know your stuff

 

Nun Mary Margaret Kreuper, 80, caught stealing $835,000 school tuition funds: 1 yr jail

Scott Nicholson caught stealing $471,601 in commodity trades that failed: 3 yrs prison

FURMAN ALEXANDER FORD caught stealing $1.3 million fake docs: 11 yrs prison

 

Michael M. Beck caught talking up stocks on Twitter then selling same for profit: Refund

Product aimed at women cost more: violated the Missouri Merchandizing Practices Act 

Facebook caught breach of anti-money laundering and scam laws

 

Canada Catholic church tortured and killed hundreds of kids: “suffer the little children”

 

Jobs

Protect our grid, financial system, communications from quantum computer hackers?

TD Bank boosts child care and elder care benefits

Which vehicles do thieves like to steal? Not Mercedes, Porsche, Audi

 

Can the 82nd Airborne help EU stop Putin’s invasion of Ukraine?

Dolly will pay your tuition books fees even if you are part time

 

Who owns your account now?

Landlords get around rental increase limits by charging extra “amenity fees”: up 14%

Amazon Prime costs more: Free stuff helps soften the blow

Finally, ‘no-fly’ list of unruly passengers: Unruly will be given parachute: no turn back

 

Jeep Wrangler rated bottom of reliability, noise, mpg, bumps, but loved by drivers

Most and Least Liked Car Brands: Would you buy your brand again?

Retire to best states; avoid the worst states: taxes, health, and quality of life

 

Discovery takes over CNN HBO: Discovery will appoint a new leader of CNN

 

Miracles:

Pence stops bending over: Trump’s plan to cancel Biden result: "un-American.”

Student builds 3D prostheses for injured dogs that give them new life

Spinal Implant Enables Paralyzed Man With Severed Spine to Walk Again

 

8-year-old writes Christmas book, puts in library: 100 waiting to read it: next big thing?

Annette Goodyear, crossing guard, saves student from car speeding in school zone

 

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/