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 II 10.7% since 1985
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.
He does not check rightwingwatch.org/ factcheck.org/ to verify the information used to rule us.
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!
Like mafia family, The Don has never had a boss, no corporate board to question his acts!
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
The Don keeps “friends” the mob closer than enemies—150 own his future income
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 $
Trump made up fake news RE Obama citizenship and religion for gain 2011-15
Even Trump supporter Fox News chides Trump on CNN blast
Revenge for social political slights
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
Empty rhetoric--No plan provided: Why GOP hates Obama and his Care—jealous?
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
Why have expensive spy satellites, networks and intelligence “community” if not believe
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
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