Complete your tax filing for FREE
If you meet certain criteria and have your documents
already, federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/.
The software helps you avoid common mistakes before you file. Even if you make
a tiny mistake, the IRS usually catches it without penalty. I have used most of
these programs for years even though my income is above the limits. Most charge
nothing for the federal and state. Some charge only $12.95 for the state. Since
its 2003 debut, Free File has served nearly 57 million taxpayers, saving an
estimated $1.7 billion calculated using a conservative $30 tax preparation
fee. In 2019, NJ has kept the ObamaCare mandate tax if you don’t have
health care cover so that state return may get complicated. Once you file your
first year, your previous data is there and pre-fills your forms: Saves a lot
of time and money. Try it before you spend $2-300 at a for-profit preparer. No
refund? File to keep your ID from scammers.
Plan now for a Tax FREE retirement: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
Who knows what
markets will do in 2020?
Despite what
commentators and investment gurus say, no one knows. Given that employment
remains strong, it is likely that your retirement account is safe for now.
However, because we are all human and sometimes sell at the wrong time, it may
be prudent to check how diversified your assets are. Since no person made
perfect predictions in the past, don’t listen to the paid fortunetellers now.
Look at the long-term statistics for guidance: 11% from a low-cost index: https://investor.vanguard.com/mutual-funds/profile/VFINX
since 1976 and over 30 years: https://www.dalbar.com/Portals/dalbar/cache/News/PressReleases/DALBAR%20Pinpoints%20Investor%20Pain%202015.pdf
The one fact we have to keep in view: the
more you pay the less you earn. If we give up 2% of our account value each
year, compounding will make sure we will accumulate less over time. Here is my favorite example: Let’s say you add
$250 a month to your retirement fund. If your firm or advisor offered a low-cost
stock index fund at 11% average
for 40 years, you would retire with $2,169,740.
If trading and fees take 2% a year over time, you would retire with only $1,179,107.
You gave about HALF to your employer or advisor just because they did not offer
the best options for you. They chose the best
options for themselves. No one advisor has ever beaten the market over time
except Warren
Buffett’s 20.5% and he doesn’t charge.
Cost determines
success: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082
Use Warren Buffett as your advisor
Since he has been successful over time and you are investing
for the long-haul, you should make Buffett your advisor. His advice is free so you
keep everything your money earns. Depending on your goals and timeline, Buffett
could make you wealthy. How wealthy? Well, take the example above. Buffett
tells everyone who listens to him to use a low-cost 500 index fund as their
primary strategy. He used the Vanguard 500
Index Fund in his win
over a hedge fund manager. You notice that over time you earn over 11%.
Using a compounding calculator like this one you can see how much you can
accumulate. http://www.moneychimp.com/calculator/compound_interest_calculator.htm Most of us would rather know how much we can
spend in retirement with that total accumulation. Use the ‘Monte
Carlo ’ calculation that most advisors use to do the calculation
100,000 times depending on many market historical outcomes. This provides you
with a probability of success depending on how much you spend each
year for a certain number of years. In the example of $1 million fund over 30
years in retirement, you will have on average $45,000 a year to live on. This
is an average so some years you will have less and some more—you must keep some
excess in your Wealth Reserve. https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf
**********ACCOUNTABILITY**************
Like 1776, this period
is a test
of democracy—do we really want ‘low-IQ’
Mobster?
How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have!
US
violates Iraq sovereignty: we will keep 5,200 US
Trump
goes after disabled to pay for wealthy tax cuts: $783/mo poor have little
to take
SCAMS/SPINS:
Trump
kills Iran leader because “horrible past” NOT “imminent threat” to US: Mob
kills anyone!
Trump
advisor Flynn
says he is not guilty now: sentencing delayed.
American
intelligence staff fear reporting on threats: Trump blasts analysts if
disagree with him.
Putin is
fast-tracking work on constitutional changes that could keep him in power:
Shows Trump
WI GOP to
cancel 209,000 Dem votes before cast: Trump won by 23,000 in 2016.
Scammers
for hire: “end-to-end online manipulation system” to get you
elected anywhere
‘Choices’
in policy are just marketing gimmick to keep profits high and options low.
1 size for all
PointState
Capital hedge fund: traders
decline to give investors money back now their fees spent
US
Bank pension plan caught
overcharging and self-dealing retirement options: $750 million lost
Northrop
Grumman caught
overcharging employees, taking kickbacks, fine, deny liability
Refund
Advance to $3,500 filing today: HR Block misleads cost of
loan from your tax refund!
Co-pay
higher than buying direct: $35
out of pocket instead of $120 using insurance Drug tricks!
Fix
errors in your credit reports FREE: https://www.annualcreditreport.com/index.action
WINDOWS 7 support ends: Free
WIN 10 update?
Pay
taxes on SS benefits: For income in excess of $44,000 up to 85% of benefits
may be taxable.
Jobs
New
law protects employer if worker picks annuity & payouts less than full
amount later.
CVS
to expand health services at low cost covering up to 80% of what PCP offers
Who owns your account now?
Voya Financial (ING)
selling rest of biz: already sold annuity and life
NJ another state to
run its
own health insurance exchange: $40 million for GetInsured
Miracle:
Prince
Harry gives up ‘public funds:’ escape bullying with Meghan: Who’s next to
work?
Seattle
restricts foreign-influenced companies’ (Amazon) spending on local
elections: Trend?
New
Alzheimer strategies may help future victims: One cure is unlikely
IAN
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