Where is your serious money?
There are 3 kinds of money. What you use to pay your bills is one. Another is the money you add to your 401k, 403b, pension, IRA, Roth IRA etc for future use. Finally, there is the money you can afford to lose—Fun Money—$50 on bets/lottery every month, $1000 on that “category killer” your broker/friend tips you to. There is a thrill to losing $1000 that you never tell your family about. Very few talk about the THRILL of having saved $1,000,000 in their retirement account. We are all afraid of the consequences of people making assumptions about us from knowing that about us. We could be targets of a scam like the lady who lost $300,000 to a fake romantic liaison. We could become the mark for every legit charity in the world. We could find we have all these relatives we never met. We could lose almost all of it to one of the most ‘respected’ money managers on Wall Street. Actually, financial fees can take 63% of your potential nest egg legally.
There are 3 kinds of money. What you use to pay your bills is one. Another is the money you add to your 401k, 403b, pension, IRA, Roth IRA etc for future use. Finally, there is the money you can afford to lose—Fun Money—$50 on bets/lottery every month, $1000 on that “category killer” your broker/friend tips you to. There is a thrill to losing $1000 that you never tell your family about. Very few talk about the THRILL of having saved $1,000,000 in their retirement account. We are all afraid of the consequences of people making assumptions about us from knowing that about us. We could be targets of a scam like the lady who lost $300,000 to a fake romantic liaison. We could become the mark for every legit charity in the world. We could find we have all these relatives we never met. We could lose almost all of it to one of the most ‘respected’ money managers on Wall Street. Actually, financial fees can take 63% of your potential nest egg legally.
Don’t be gutted: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Why ‘snoring’ is the best way to create wealth?
Warren Buffett’s favorite statement is about his strategy to
grow wealth. He was commenting on his style of investing in his annual report
to the shareholders of Bershire Hathaway. He says active investors earn less
than passive investors. The investor return tracking-firm DALBAR found active
investors earn 3.79% vs 11% for those who just buy and hold. ‘Snoring’
through market gyrations is hard to do but Buffett proves patience pays.
“Low-cost funds beat high-cost funds in every single time period and data point
tested” says rating firm Morningstar. Warren Buffett, world's greatest
investor, says, “Most investors, both institutional and individual, will find
that the best way to own common stocks is through an index fund that charges
minimal fees.... Paradoxically, when ‘dumb’ money acknowledges its limitations,
it ceases to be dumb.” Fight your market anxiety and let your money ride as
Buffett does.
‘Snore’ your way to wealth: https://www.amazon.com/Snoring-Best-Way-Create-Wealth/dp/1466408928
Which car insurer provides best crash claim settlement?
According to body shops that deal with insurers, Chubb
and Erie Insurance both received A- marks. Insurers were ranked highest for
getting the job done right and fast. Travelers, USAA Group, Nationwide and
State Farm received C+grades. Farmers, Progressive Group, American Family,
Geico, Liberty Mutual and Allstate received a C-.
On the bottom of the scale, Loya, The General and Direct
General received D grades. No carriers got an F. Body shop owners gave higher
marks to the insurer they had direct repair agreements with. Avoid vehicles
with low crash safety ratings.
Shop for the best discounts too: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Is HSA good substitute for stretch IRA estate plan?
Not quite. It
is useful to pay for an heir’s MEDICAL expenses but cannot replace living
expenses as the STRETCH did. Anyone can make contributions into an
eligible account holder’s HSA on their behalf. The individual making the
contribution doesn’t have to be HSA-eligible himself; all that matters is that
the account holder is. That means a parent could fund their child’s HSA
annually, giving the child a tax-free resource that could be used to pay for
current medical expenses or invested for the future. And, the parent’s HSA
contributions are tax-deductible for their child, even if they don’t itemize
their deductions. By contributing to their child’s HSA over time and letting
compound interest and investment returns do their work, parents can provide a
safety net for their child against any unexpected medical expenses. And since
HSAs don’t have required minimum distributions, those funds can keep growing
until they’re needed.
Planning avoids taxes: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977
File your taxes for free
TurboTax and other for-profit tax prep firms are due to raise prices soon.
If you have your documents, use your favorite software now and pay your tax due
on April 15. The payment, if any, can be in April; the filing should not. The
federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/.
Another site has no cost or restrictions: https://www.creditkarma.com/tax. And
remember you can always reduce income and thus tax by making a deductible
contribution to your IRA.
Save for a long life: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793
**********ACCOUNTABILITY**************
Like 1776, this period
is a test
of democracy—do we really want ‘low-IQ’
Mobster?
In his image: Mobster
has replaced more judges than anyone in history
Mobster
pardons another felon: “he has done so much in NFL football."
Another
felon is released by our new ‘judge/jury’: “ridiculous sentence in my opinion”
More
felons pardoned: lying and tax cheating OK now
How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have!
Trump’s
Gestapo chases immigrants inside sanctuary protection. National police
roam.
Trump
approves use of antipersonnel mines that 150 countries banned 30 years ago.
Trump
to buy votes with PROMISE of 10% tax cut just before Nov election.
Trump ends
building regs so he
can misdirect Pentagon funds to The Wall quickly.
Trump to allow
mercury poisoning: “not
need to limit harmful pollutants” in air.
“I am chief law enforcement
officer of the country.” Nothing
can stop him now!
We
don’t need judges/juries anymore: Mob Boss will decide for US
SCAMS/SPINS:
Recall
300,000 Mercedes-Benz
cars because of fire hazards of E-Class and CLS diesels
Recall
44,000 2019 2020 Toyota
& Lexus cars and SUVs engine fire hazards
Only
6%
of US provide most of tweet fire-storms: modern gossips have too much time
on hands
BEWARE: “retrospective denial” insurers deny
cover after pre-approve medical procedure: bankruptcy
Drugstore database
selling our Medicare secrets to marketers who robocall seniors sell DNA,
etc
Census by internet:
Same firm the destroyed IA creds may need to redo census?
Mark
Pyatt ND caught
fraud promised futures contracts trading fake docs; bought RV, jewelry
Richard
Cody FL caught
concealing client losses he caused; faked statements
Kern-Fuller,
Sutter Upstate Law caught
enabling high-interest credit to disabled veterans: unfair.
BEWARE:
“copay accumulator” policy
which raises
deductibles and out-of-pocket max.
Drug
middlemen overcharged OH workmen’s comp 1.3 million scripts
Romance
scams most devastating and US can do nothing:
VA
Senate supports
sale of assault-style weapons and hi-cap mags: cause 4 Dems NRA cash.
Will
you get to vote this year? GOP
suppression hits a rut in FL
WOW:
50% of US report we have been targeted
by money scams perpetuated by impostors
Ft
Lauderdale closed for Spring Break: “You’re sh***ing me?” Even fish don’t go
anymore.
Jobs
Trump
raised $60 million as he was being impeached: any spin works for Trump
IRS
may visit you at home for taxes if you are wealthy enough.
Trump
wants to decide the Oscar winners from now on: doesn’t like what not
understand.
Not
Jobs but Tesler who made computers useable: Ctrl C, V, Z, F,
Who owns your account now?
Bloomberg
winning FL Dems: even
a sexist, who can beat Trump, leads pack
E*Trade
Financial to Morgan Stanley: Every investor is now private bank
client—fees!
Farmers
offers auto insurance online directly: farmersdirect.com
Miracle:
Trump makes deal
with Taliban: Afghan troops may come home after 18 years!
Trump
lands in Daytona in 2004 plane: Time traveler in chief or more lies.
Boy
Scouts bankrupt from abusing thousands of children: so many let it happen.
Parents
save child from CA mountain lion with fierce punch and shouts
Cabby
Rajbir Singh saved elderly woman from IRS scam by taking the time to help.
Sure, play violin while we take out
your brain tumor: great idea IF it works
IAN
41 Watchung Plaza,
B242
973.746.2014
Alerts
No comments:
Post a Comment