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
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
Billionaires
paid $881 million for votes in 2022
midterm elections
Nov 2020 Wealthy
discredit election process
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
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
606
people killed by neighbors: can
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/
