How are you
preparing for the downturn?
Advisors get paid,
not for making you money, but for keeping you from a disaster in your
portfolio. Every advisor with the fiduciary pledge will keep your portfolio
diversified. Depending on your age, most advisors will have your mix lean
toward stocks when you are younger and bonds when you are older. Timing the
market is a fool’s fantasy. Day trading is the easy way to lose money. The
average investor using an advisor earns only 3.79% or less. Since the most
successful investor today advises that we use low-cost funds, you may skip
your financial consultant and just buy the most rewarding funds over time.
Which ones? Well here is a list: https://www.businessinsider.com/forgetful-investors-performed-best-2014-9.
My friends and I, formerly in the business have worked with clients that pick
the Ten Best funds for the long term:
Can financial
planning be automated?
Can you leave
planning your financial future to a machine—even a smart one? These are the
days of the robots
of tomorrow. One company thinks machines can establish the feasibility of
goals like retirement, college funding, home purchases and taking
extended time off from work. But the service isn’t as simple as picking a
target, a strategy and saving money. The service estimates home purchase prices
based on location and college funding based on the tier of college and the
expected cost of attendance in the future, so the user is more likely to
receive an accurate estimate of the realistic amount of funding needed to
achieve a goal. We need some understanding of the time value of money to be
able to understand our money needs in the future. Since most of us do not
receive this concept in school, we need to learn it one way or another. You can
play with this calculator http://www.moneychimp.com/calculator/compound_interest_calculator.htm
to learn how money grows or how much college will cost in the future. For
instance, you need to save (invest in low-cost mutual fund) $8,000 a year at 4%
(low-cost bond fund) for 10 years to have a $100,000 for college. Or $3,000 a
year at 10%
(low-cost stock index fund) for 35 years to have $1 million for retirement.
Over time, stocks create a return of 10-12% http://www.moneychimp.com/features/market_cagr.htm.
Stocks are the only consistent inflation hedge. In almost any given period of
10 years, a low-cost index fund (not sold by a brokerage) will provide the best
chance of high earnings. The hard part is sticking with your investment over
time. Automated planning cannot do that for most people. Everyone wants to sell
when the market falls. Can a robot talk you out of it?
Is taking your
Social Security benefits EARLY right for you?
Lucky you if you are
even considering taking benefits later than age 62. Most
people take benefits as soon as they can. Usually this is because they need
them. If you take your benefit early, at age 62, you only receive about 75% of
your monthly benefit. Every year you delay taking it, your benefit goes
up until age 70. If you delayed until then, you’d have approximately 132%
of your benefit. At first glance, waiting seems to be the best
decision. If you are still working, you probably have a choice and receiving
the maximum is tempting—especially if you can increase the amount each year you
work past age 70. Yes, SS will recalculate your benefit based on your current
wages. Also, when you and spouse have benefits you earned, the survivor has a
choice of which benefits to take. The decision is not easy since the rules are
complicated and have changed in recent years. My wife and I were lucky in that
our local office (now closed) called us to inform us we had other options we
did not know about so make an appointment as soon as you get near age 62. We
found it helped us when we had to start taking benefits for our needs.
Check your options
first: https://www.amazon.com/Forget-Social-Security-Medicare-Lifestyle/dp/1466394285
Another rich
person’s tax dodge when you win the lottery
Our Leader provides
another example of how to lower or eliminate taxes when you become wealthy like
he is. You give money to a charity you control and receive a tax deduction on
Sch A line 14. Then you have
the charily buy something you own and pay you for it. This may be something
no one else will buy from you like a picture of yourself. There is no way to
set a price so you are free to charge whatever you want. You can also use money
other people donated (to get their deductions) to pay your personal
obligations. You can also use their money to make a big impact (or say you will
donate) for a worthy cause like American veterans. Either way, you benefit—turn
a tax deduction into a tax-free ‘bank.’ There are tax-credit benefits you can
take before you win.
Use your tax-credits
now: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Best ‘emergency
fund’ available
Every financial advisor
will tell you that you need to have 3-6 months of salary saved in case you have
an emergency like being laid off. Since most of us live pay check to pay check
that is a great fairy tale to tell us. Some of us may have a hidden way to gain
this emergency fund without having to keep all that cash sitting in a savings
account earning just 1-2%--essentially losing buying power to inflation at 3%.
Or worse, taking away our future life by ‘borrowing’ from our 401k. When you
take money from your retirement investment funds, you are destroying the
compounding power of your money. Instead of having $250,000 when you retire,
you could have as little as $150,000 since you lost all those years of
compounding: when invested money can double every 8-10 years. The better
way—this hidden method—can provide the money for an emergency and the money
won’t cost you a dime until you need it. I am talking about a HELOC. If you
have equity in your home—your home is worth more than you owe on the
mortgage—you can use it to obtain a standing line of credit, to be used anytime
you need it. Now we have enough to pay to rebuild our home if a tree limb falls
on it. Insurance never covers everything so our HELOC will cover us. Any
interest payments are deductible too.
Trump to end
citizenship by birth: Election teaser!
Trump to defy
Constitution: if
you can’t prove your parents were citizens, you are not an American. The Constitution,
which was amended 150 years ago to include the words: "All persons born or
naturalized in the United States United States Germany
Are Supremes too
political to decide if The Leader is right and the Constitution is wrong?
Make America
Conservative
Christians believe all Americans—everyone—must live the lifestyle that the
conservatives envision. Men will be cave men and women don’t have sex out of
marriage. They believe America Puerto Rico , he
downplayed the human destruction and held back aide. The Leader
encourages violence at his rallies and multi-media
messaging. Yet the corrupted leaders say: “I think evangelicals have found
their dream
president,” Jerry Falwell Jr. I compare this religious sect to Christ’s
vision in the Bible and I am astounded—Are we reading the same Bible? Almost as
much as the un-Christ-like actions of Catholic
bishops who condone/hide child abuse/sex.
How can Christianity
and the formal institutions ever recover?
****************
Two Americas
***********************
How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!
Like Japanese
concentration camps: “We are going to put tents up all over the place”
Bolton Calls U.S.
National Debt `Economic Threat to Society': GOP plans MORE debt.
Trump’s tax
cuts and spending may TRIPLE interest on our debt: 1.4 to 3.6% of GDP.
Review which deductions
you can no longer take: Check HELOC and capital gains rules.
SCAMS/SPINS:
Trump
decides his pipe bomber is insane: no need for trial—Trump to give pardon?
GOP
‘bomber’ in FL: Trump spreads hate for DEMs & media and blames
the victims.
Trump
mob paying women to discredit Mueller: GOP goes lower as Trump panics.
Most of the tweet
links to our websites are robots, not human beings--autohackers.
Facebook—are the
benefits worth the threats—give up privacy to stay in touch?
Judge:
Trump promoting health insurance w/o protections: “junk better than none.”
Trump
paid $ millions endorsing AcN junk drugs, food, etc.
Wells Fargo robo
calling your cell w/out permission? Collect $1,500 per call?
LPL broker caught not
reporting money laundering & customer complaints.
Sean Kelly Lion, GA promised
earnings from private placements, real estate funds
D.A. Davidson &
Co caught overcharging
clients for shares
Did
you get a call from Merrill Lynch? Ask for a bonus—the brokers get one for
your $.
Robert Shapiro
Woodbridge caught stealing
$1.2 Billion in 10% RE Ponzi: no jail time.
----------------------------------
The Mob Boss can never go to jail: Trump
has Kava as Supreme so no indictment.
‘No man is above the
law’ … well up till now. Dictators
nullify courts first, then votes.
Supremes protect
Don’s ‘Orders’? – GOP: Sure, pres can change
Constitution anytime.
----------------------------------
Jobs:
How we can keep the fascists,
nationalists, and racists out of our democracy?
Some
employers give 401k match to workers who pay off student loans, not save in
401k
Only 100
jobs from Saudi arms deal; not Trump’s HALF million—‘trumped’up
number.
Who owns your account now?
Send money to anyone
without fee: https://www.zellepay.com/how-it-works
Medicare B and
Advantage plans changes
will cost you more, of course. Never less.
Which Affordable health care plan is best
for you? https://www.healthcare.gov/
Insurers fail claims
from hurricane Maria: Claims
no one was prepared for—Def. of Ins.
Our
IRA 401k funds from divorce CAN be taken by creditors contrary to previous
law.
Miracle:
Muslims
feel the Jewish victim’s family pain. MALA Make America Love (thy neighbor)
Again : THIS IS AMERICA!
IAN
41 Watchung Plaza,
B242
973.746.2014
Alert
No comments:
Post a Comment