Build $1 million retirement from
saving on stuff you don’t need
Your largest expense you don’t
need is your broker/advisor. Most of us do NOT see all the fees we actually
pay. Yes, your immediate advisor fee may list a fee but the brokerage statement
shows only the fund net earnings per period. The
security gross is not shown. It does not show the 1-2% that the fund manager
took before your balance was calculated. So you don’t see the gains your money
earned BEFORE your manager took their “cut.” That total cost of TWO percent
every year you invest for retirement could cut
your potential nest egg by 64%. Why? The Miracle of Compounding works
in reverse too.
Unless
your money manager is able to beat the market and the fees annually—and few
have ever done it—you are only hurting yourself. If the fund you are in earned
6% and your costs are 2%, you are credited with the net of 4%. You don’t see
the gross earnings first less costs. So compare your last Dec balance to this
Dec balance and see how much you actually earned.
Divide by last Dec and compare this to your benchmark or the stock market gain
of 11.9%. Vanguard cut fees because we investors own Vanguard and as it drains
the for-profit fund families, we benefit from ‘buying in bulk’. For
instance, Pimco Total Return, once the world’s largest bond fund, lost $3.2
billion in December, bringing last year’s total
cash withdrawals to $16.1 billion. Fees are important as this young man
told his father. Are you earning over 11% a year?
The Vanguard Top Ten earn
11.5% over time:
2016 Total
Return Fund Long-term
Return Longevity
11.9% 500
Index 10.9%* since
1976
33.1% Energy 10.9% since
1984
16.1% Extended
Market 10.7% since
1987
-9.0% Health 16.4% since
1984
1.7% International
Growth 10.0% since
1981
10.7% PRIMECAP 13.4% since
1984
18.3% Small
Cap
Index 10.7% since
1960
8.1% Wellesley Income 9.9% since
1970
12.5% Windsor 11.3% since
1958
13.4% Windsor
11.7% Average
11.5%
*Average Annual Returns as
of 12/31/16 .
Create your own $1 million future
without advisor
fees that can take 63% of your total:
FREE tax preparation
Advertising to you is how they
pay for free credit score and free tax preparation. https://www.creditkarma.com/ needs
your eyes to obtain dollars from sellers of financial services and they give
you software to file federal and state taxes at no cost. If you need to file a
simple return, this is the cheapest way. The IRS has a topic
look up so you can find the answer to your question easier than waiting on the
telephone for an operator to answer: https://taxmap.ntis.gov/taxmap/ You
can do your federal online FREE using commercial sites through the IRS https://www.irs.gov/uac/free-file-do-your-federal-taxes-for-free.
These sites charge for a state return. You can also use a local AARP tax aide
office. http://www.aarp.org/money/taxes/aarp_taxaide/ AARP
does not discriminate by age or income so they can usually take care of most
people. Best tip: deduction for IRA contributions and tax credit $2,000 subtracted
from tax you owe. Double Your Pleasure.
Take your Tax Credits like The
Don: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
What is the most important
factor in creating a HUGE nest egg?
John invested in a low-cost
stock market index fund when he got his best job at age 35. He has invested 10%
of his income every year. He retired 2 years ago at age 67. His balance was
$887,525 which he shifted to a balanced fund earning 9.9% to begin funding his
retirement income of 6% a year. During the 32 years, his balance went down 37%
but he did not sell. He follows Buffett: "The market is a way to transfer
money from the impatient to the patient."
David started investing in the
same low-cost stock market index at age 45 and retired at (http://www.moneychimp.com/features/market_cagr.htm)
age 67, two years ago. His balance was $557,201 even after investing TWICE the
amount--20%--every year. He invested for a shorter time—22 vs 32 years. No
broker/advisor has beaten the market that consistently. Let Buffett be your
guide.
TIME, not Wall Street, is the
key to success: https://www.amazon.com/Pimps-Wall-Street-money-middlemen-ebook/dp/B0131JBWGM
Seniors retiring and leave
workforce
The number of older Americans
that aren't
in the labor force rose by 800,000 in the fourth quarter of 2016,
marking the resumption of a long-standing trend: the exodus of their generation
from the work force and into retirement. This allows younger workers to elevate
to senior positions but makes the GOP threaten us with cuts in Social Security.
SS benefits are already
means tested but Ryan’s train wants to avoid adding to the deficit by
derailing the schedule seniors count on for income. GOP
does not mind overfunding their war planes and $13
BILLION carrier when they have cost overruns but not when seniors have
costs exceeding the Lock Box amounts. Social Security is our security blanket
so we don’t have to worry about destitution but GOP keeps threatening to cut
our benefits as if we did not earn them. The government used
to be “by the people FOR the people” but has turned into “by the
people FOR
the corporate subsidies” of already profitable corps. 2/3
of corporations pay NO taxes—we pay them tax refunds and tax credits. What
a system.
GOP claims it has dozens of laws
to replace ObamaCare but won't disclose till next week
Rand Paul says Trump supports
his plan but he shows none. “By next week I will have a
composite bill that is a replacement, that has the five most important ideas in
legislative language, in a bill ready to go as a replacement the same day we do
a repeal,” Rand Paul explained. As a doctor, Paul says we will have to buy a
plan on your own. [Good luck] He wants to make sure the insurers don’t go
bankrupt in the process of change. ObamaCare took months to craft and the
single payer option was dropped in a deal to satisfy insurers. Not one GOP bill
has been presented so far for fear it would be rejected by all sides. Some
don’t like the mandate to buy insurance; some think it raises prices for their
own plan; some blame Obama for the cancellation of their old defective policy;
some don’t like govt plans at all; some don’t like Obama’s politics and some
don’t think poor people deserve it. Most
of the objectors receive a plan as part of their job so they don’t
have to worry about finding care. GOP has had 8 years to design a plan. Most
Americans don’t want to kill ObamaCare—just improve it. Even the AMA is
against repeal and going back to the old system. America already
has a system that works. It's called Medicare and has been successful for
decades and could be expanded for the 20 million ObamaCare users within months.
Will Trump and GOP use the easy way
to fix Social Security?
The maximum income that is
subject to Social Security tax has gone from $118,500 to $127,000.
That means the top
10% of income earners will have to pay an extra $20 or so every
paycheck. About $11.6 billion in new tax revenue could come from the change in
2017, the Administration estimates. Congress could be taxing every salary
or deferred income. Senior management makes 300 times the average salary—there
would be no
Social Security shortfall. Paul Ryan would not have to worry about how he
is going to trick us into cutting our SS benefits. Congress could easily fix
the projected
shortfall. But that won’t happen with this Congress because most are
millionaires. Once again the rich will get another tax break. Luckily, we have
the opportunity to change Ryan’s plan in 4 years before the GOP starts the
cuts. It won’t even require raising taxes just the “base” on which tax is
collected.
Until they do, use the only
legal tax shelter we have: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520
How will cutting corporate and
estate taxes help you?
The Don has promised to cut
taxes for the most fortunate of Americans. Some in Congress have salivated on
the prospect of ending
the “death” tax on their assets over $5.45 million. We would need to
find $21 billion somewhere else. Guess where! The offset might come from taxing
the gain on those assets passed on so the heirs would need to pay a lower tax
on greater increase in value from the original purchase. This could mean higher
amounts are taxed at 20% instead of 40%. No matter what happens in Washington , the
wealthy will find a way to pay less using other tax avoidance tricks. They
have the luxury to shift income and revenue to take advantage of every tax
credit under the sun. The only group that cannot do that is us. The
Don’s own supporters will be paying more to help the rich.
Create a tax-FREE retirement
now: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977
Are Target Date funds right for
you?
One of the things you pay your
advisor for is to figure out the balance between different assets in your
portfolio over different markets and different times. The guideline they follow
is that when you can afford the time for stocks to grow you should be tilted
toward stocks. When you need more stable returns and income, as in
near-retirement times, you need more bonds in your mix. Since no advisor can
predict market ups and downs, you pay for guesswork. Since it is easy to tilt
toward bonds as you get older, you don’t need to pay for this no-brainer. Most
investors can benefit from the target date formula: 110 - (your age) = %
stocks. At age 20, own 90% stocks; at age 60, own 50% stocks.
Keep all those years of advisor
fees: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce-Fees/dp/1540435148
Is your Robo-Advisor charging
you too much?
When you use a Robo-Advisor
instead of a human or if your human advisor provides a Robo to “help” with your
needs, beware—Not All Robo-advisors Are Low Cost. For instance, John Hancock is
now offering “help” with their accounts via a Robo from NextCapital to automate
its 401(k)
and IRA rollover business. BEWARE, your advisor and the underlying fund
manager may still charge you high fees despite you and the Robo doing all the
work. Since Robo-Advisors are the new hot thing, you might be tempted to fall
for this scam and give
up fees that can take up to 63% of your total nest egg. Let’s say your
advisor is using JH for the IRA your advisor wants to move your 401k into, you
may be paying a huge price to this transaction and now you will do all the work
with the advisor’s Robo or call center. Depending on the contract your advisor
gives you, your costs could be in the thousands. A $500,000 401k transferred by
Robo to JH IRA retirement
annuity costs over $10,000 a year not counting the underlying JH fund
you own. That could add another $5-8,000 a year. And you and the Robo did most
of the work. Great system.
Save advisor fees: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Trump economic preview: GOP
raises taxes when wealthy tax break fails in KS
We are seeing in KS what
the GOP does
when the “free market” tax breaks for the wealth does NOT create jobs and
the deficit goes up. KS will raise taxes on smokes, booze and Kansas business
owners, drawing largely negative reviews from the GOP-controlled Legislature.
KS will sell its share of future revenues from the settlement between states
and tobacco companies. KS will stop highway projects, child education and
pension funding. KS faces $1.1 billion shortfall due to the tax cuts for
wealthy in 2012. Despite some GOP recognition of the tax mistake, the Gov
blames Obama’s economy, not tax cuts. GOP will use a Wall Street trick to
‘lend’ itself money so the budget looks balanced. The “sin” tax increases will
hit the lower and middle classes. Big business (Koch) continues to use
its tax
bonanza to fund anti-democratic politics.
GOP can give Trump the tax
breaks for the rich he promised but jobs are created from consumer demand not
tax cuts. Bush II plunged us into recession with tax cuts and military
spending. It is what GOP does.
Protect your income from new
taxes: https://www.amazon.com/Your-ZERO-Tax-Account-Wealthy/dp/1482772795
This is what the wealthy are
doing to avoid paying taxes—what about you?
These are the strategies that
the wealthy use to avoid paying their fair share of taxes to support the growth
and defense of our country:
- Formula GPOAs for basis
step-up
- Grantor retained annuity
trusts funded with legitimate promissory notes
- Gifts of undivided
interests in real estate
- Decanting
- Dynasty trusts--EG: our
Trump Treasurer Mnuchin [Bloomberg.com]
- Hybrid domestic asset
protection trusts
- Non-grantor trusts for
federal and state income tax shifting
- Non-judicial settlement
agreements
- "Tax burn"
strategy combined with SCINs and private annuities
- Incomplete gift non-grantor
trusts
You and I don’t have the money
or lawyers to do these things to hide and avoid taxes but we can use the best
tax shelter for working Americans. Investing your money in this
IRS-approved account guarantees that you will never pay Federal or state taxes
on the income that is produced. It cost nothing to start this account. There
are no advisor or lawyer fees. If you invested $250 a month in the funds that
Warren Buffett recommends, you could have $250,000 or more to spend tax-FREE.
Trump’s new tax rates don’t benefit us.
Start today. Just follow the
instructions to live tax-FREE: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
CIA FBI NSA evidence
has no weight if you believe your “insider” informant Putin more.
Trump has been conned by KGB Putin: changing The Don’s mind is not
possible.
But Toyota does
make my Camry here in
Georgetown KY not in Mexico.
Trump uses illegal
foreign workers and Chinese
steel for his own projects.
We are entering the Twilight
Zone:
"There is a fifth dimension
beyond that which is known to man. It is a dimension as vast as space and
timeless as infinity. It is the middle ground between light and shadow, between
science and superstition, and it lies between the pit of man's fears and
the summit of his knowledge. It is an area which we call the Twilight
Zone."
Rod Serling
THE DON’S 282 PROMISES
Deportation,
The Wall, Re-Create Jobs, NO Abortion, No ObamaCare, More Guns, No Muslems, Reprochmont
with Russia, Christian
nation, Jail
Clinton, Kill Terrorists and Family, Torture, Cancel
Iran deal, Cancel
EU-NATO, Term
limits, Replace VA head, Coal
Steel Infrastructure, End
drug monopolies, Tax imports esp Ford, Grow 6%, Cut Deficit, Separate
banking speculation, Cancel Consumer Protection Act, Change libel law, outlaw
flag burning, End
own biz ties, End
endless tweets, Cancel
Fiduciary Rule, Wealthy tax break, No tax
income <$50K, tax profits
sent overseas, Change
Washington, Change GOP, Change, Change, It was rigged! … so I would
win!
Remember, Don Trump
is still a contractor from Queens NY, just richer than most.
“Trust
only family” “I'd love to have Jared helping us on deals with other nations
and see if we can do peace in the Middle East ”
Ivanka met with Japan PM
Abe already.
Can the republic survive to
2020—half his subjects think the emperor
has no clothes?
“I
don’t care about my company. It doesn’t matter. My kids run it.”
The Don
Way : Making money from the Secret
Service and Top
Secret info for biz, an Audience
with The Don costs you $
Even Trump supporter Fox
News chides Trump on CNN blast
Stiffs
his vendors $3 million on Wash. Hotel alone
Is it really possible
to ignore
your own business interests and do what is best for US?
*
Promises and Actual outcomes:
“I’m
also very much a germophobe” for story to be true. Really?
What about when you “grab them by the P---Y”
and force a Tic Tac kiss on them? https://www.youtube.com/watch?v=8wM248Wo54U
The corporate law firm currently
advising Trump on his business
conflicts was named "Russia
Law Firm of the Year" last year.
We got “low-balled”
by Trump on his Great Wall. Instead of Mexico paying
for it, now we have to pay FIRST before Mexico since he
‘found’ an existing law that makes it easier. Typical car salesman
trick: https://www.meetkevin.com/salesman-lowballing-highballing
Tax cuts don’t make jobs;
consumer demand does. Corporations already have tons of money and are NOT
creating jobs; they are using
the profits to buy back their own shares from the market. This
increases the share value for CEO and upper management. They are not using own
funds or low-cost bank loans to create jobs or build anything. Buybacks are at
all time high.
Watch first 100 days: Bigger
international deals via sons, Ivanka and Jared; Oil and gas and coal
expansion, Wall Street speculates more, more wealth for the wealthy, end of
Russian sanctions for hacking and invading Ukraine.
It is hard to plan for the
future if Prez changes positions and denies ever saying it
Promised to reveal
taxes
Promised to explain how family
would take over businesses Dec 15 so no conflict
Promised to explain replacement for
ObamaCare with better, cheaper for everyone
Alibaba China ’s
Amazon promised Trump
one million jobs for small businesses on its platform to sell to Chinese
consumers over the next five years. Alibaba wants small businesses in the Midwest ,
farmers and small clothing makers, to sell to the Chinese through Alibaba,
whose Tmall online shopping platform offers virtual store fronts and payment
portals to merchants. Trump thinks this means more jobs in US.
Alibaba head Ma called Trump "smart" and "open-minded."
Trump vowed to impose 45% tariffs on Chinese imports during his campaign. He also promised to
call China a
currency manipulator on his first day in office. About 7,000 U.S. brands
sell through Tmall now.
Tolerance is un-American now?
Regulators are the only
protection against corporations since we
can’t sue anymore
GOP to end regulations for clean
air and water: Test your water and air monthly.
Gregory Dean Donald Fowler J.D.
Nicholas, Syosset caught gauging
27 clients with fees
Brokers/advisors caught "excessive
and short-term trading of long-term products," including variable
annuities for more fees.
Ford recalls 800,000
vehicle airbags
Fiat Chrysler beat
emission standard with software like VW—recall Jeep Ram diesels
FBI policy
is to not disclose investigation but for The Don, FBI did disclose
Hillary’s
FBI never
informed Dems of Russian hackers progress IN PERSON. Called left message.
Cardinal Health caught NOT
reporting suspicious use of powerful drugs
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
GM
killed 124 because ignition switch pin not replaced after knew it
killed first in 2006.
Police want gun control.
When everyone has
guns; your
chance of being killed goes up. Police don’t know who
to shoot. They assume everyone has one and shoot
first. You and thief have guns. CO schools now allow
teachers/administrators to carry
guns in the classroom. Kid lesson! Since 2015, police have killed
86 people with realistic looking FAKE guns--suicide?
Police organization issued
a formal
apology for the historic mistreatment of minorities.
Trumpers want police to
start buying
military weapons against civilians again.
SCAMS:
Schools lie
about getting jobs in fields of study to convince us to take huge
student loans. Anyone can open a school and claim courses are gold—not
regulated—like Trump U.
B.S. to end estate tax: only
1 in 555 estates ever pays the tax since it easy to avoid it.
Ignoramus Award:
Trump
blames the victim—Dems—for Putin’s attack on DEMs and democratic elections
How our government wastes our
money
We
have used tricks to influence elections 117 times so we both know how
it works!
Let’s do election over.
Where have all the jobs gone?
Limited
closed 250 stores -- 4,000 jobs cut; Sun Capital owner said nothing.
The styles you love are still
available online. 50% Off - All Sales Final.
Who owns your account now?
Miracle:
Scientists learned to “supercool”
an object beyond the quantum limit. That’s 10,000 times colder than
the vacuum of space. Opens another science of quantum world.
Man with tree
bark hands gets surgery for real hands
IAN
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