Retirement fund catch up strategy with same dollars
If you feel you need to catch up with your retirement fund
you are not alone. Thousands have had their accumulations stopped by the virus
pandemic. Some were laid off and some had their employer 401k match stopped.
With a new investment option, you can restore your retirement fund goals—and
you can do it with the same contribution dollar amounts. Whether you are saving
in a 401k, IRA or Roth IRA or other pension plan, the key to meeting your
long-term goals with the same level of portfolio risk is cost. First, find out
what you had been paying for your investment options. For example, if you were
paying total commission, annual expenses and 12b-1 fees of 1%, you will
end up with $80,000 less than you would if you paid HALF that amount
annually. Most investors have investment options that cost less and produce the
same annual returns over time. By using the less costly version, you can reach
your planned end number even though you have lost some time investing. If you
keep giving away that extra 0.5% to your current fund provider, you will need
to add an extra $1,400 a year to reach your total target accumulation. Switch
to the best low-cost funds available.
Is “modified value investing” right for you?
Expensive advisors at Bank of America claim their “quality
plus value” approach would have led to continued outperformance after the
financial crisis. Value investing has been lagging the growth style for some
time. Value investing is usually means stocks that appear to be trading for
less than their intrinsic or book value. Value investors actively ferret
out stocks they think the stock market is underestimating. Growth investors tend to favor
small, young companies poised to expand, expecting to profit by a rise in their
stock prices BofA
said its “quality meets value” stock screen turned up names like Intel,
Verizon, Coca-Cola and UPS. But BofA is really talking about ‘blue chip’
stocks. The four examples given above are not trading at “less than their
intrinsic value.” They are in most consumer and pension portfolios. Since
Warren Buffett is known as a value investor, his recommendation for most
investors is to stick with the low-cost index and keep the high-cost stock
pickers’ fees. Plus you own these stocks via the index.
We each pay $10,739 for health care so rich have the best
We spend DOUBLE what other countries spend but we get sick
and die earlier. All the spending goes to care for the wealthy. There is no
basic care for each of us. Even the middle class earning over $100,000 a year
will be unable
to afford care if they lose their job. This so-called “Free-market” system
is a means of subsidizing the wealthy and owners of the hospitals, drug firms
and insurance firms that lobby our Reps to keep the windfall growing. Our life
expectancy—one measure of poor healthcare—has been falling since the ‘90s while
other developed countries has been rising. In 2017, the
Swiss lived 5.1 years longer than Americans but spent 30% less per person,
for instance. We spend more than any other country for care but we get less. We
don’t negotiate drug or procedure prices unlike almost every other industry.
That is not capitalism, that’s socialism for the rich. Compare what is
happening in the financial sector—lower commissions, more access to info, more
service choices, lower costs overall. If you have a serious illness, your
hospital, doctor and drug bills
are full of overcharges that bankrupt most people even when they have great
insurance. A
‘free’ virus test can cost $2,121.
Avoid subsidizing healthcare for the rich: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584
Was your advisor advising you during this volatile period?
One-third
of investors said their professional was nowhere to be found during the
pandemic, according to a new study by J.D. Power. Since most folks who pay
advisor fees say they pay so they have someone to discuss their situation with,
it seems their advisor is getting paid for no work. Since fees
can rob us of up to 63% of our total possible accumulations, it does not
seem fair to give up so much for so little. Advisors are not going to know what
to do in this market since we have never faced a soaring market with 50
millions out of work. Advisors
give out common sense and call it “professional” service. Paying a 1% fee
every quarter does not seem terrible until we look at our returns. If we earn
3% total return and we pay 1%, we are not being served well. Is your advisor a
trustworthy resource in times of trouble or just an expense? There are
alternatives. This is the time to make the change since earnings will be low
for the foreseeable future. Unless your advisor cuts costs, you lose.
Tax return due July 15: Extension automatic with form
If you could not meet with your preparer and can’t complete
the online tax return using one of the FREE software programs, you can
obtain an extension to October 15 just by filing a form with an estimate of
what you owe. IRS wants the money—the return can wait—since they have 3 years
to find any errors. Fill and print and pay form: https://www.irs.gov/pub/irs-pdf/f4868.pdf
Paper return refunds delayed again. No folks.
If you cannot pay now, sign a payment plan so you pay over
time. Since millions are out of work, this is expected to be big solution. It
is unclear
what your interest rate will be.
Pay no taxes in retirement: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
**********ACCOUNTABILITY**************
Like 1776, this period
is a test
of democracy—do we really want ‘low-IQ’
Mobster?
Trump cult of ‘hoax’ drank the Kool Aid
Mobster:
‘I
am the only victim here’ 139,000+ deaths
Masked Mobster: ‘hoax’
is not a hoax anymore
How Govt wastes our money: Congress
gives 3.7 Trillion to the wealthy!
Virus
scientists are ignored/banished leaving us with political hate.
NJ freezes $578 million in corporate
tax breaks for jobs granted by former
gov Christie.
15
large companies got $500,000 million small biz loans using each branch
location
Trump’s
WALL failing already: Trump donor got $1.7 billion but has no wall experience
SCAMS/SPINS:
Is Trumpism
fascistic or just a con’s entertainment
genre? GOP extinguished
Trump:
my doctors were "very
surprised" by my "unbelievable" results of my cognitive
tests: 100
Stone:
“Like
God, Trump was merciful”: Lying to Congress; tampering with witnesses! Guilty
Jared
Kushner, huge landlord, not scientist, says his
pandemic preparation is a “success story.”
US
set new record virus cases--pass 70,000 in ONE day: Jared
still in charge? still debate masks
Ivanka did! Selling
beans after Goya sold
Trump: Ivanka is gov employee: illegal to sell items
Trump
willing to allow
50,000 more adults and children
die just to get elected School dangerous?
GA
bans anyone from using masks: no city/town can insist citizen save life: Gov on Kool Aid
Even
AL now require masks for pandemic: Trump Cultists Waking Up to The 2020
Disaster
But
some resist wearing masks with guns: girl stops shoot out over mask use in FL
Walmart
Stores
can still require masks even if gov or Trump do not like it: not
‘deep state’ just reality
Trump,
not CDC, will now control virus data: Hospitals
data to be messaged by WH politicians
Trump campaign
called Death Star, empire’s weapon to destroy good guys; gets ‘hot air’ bomb!
Are Fauci and other
health professionals part of the CIA-FBI deep
state? Is every non-Trumper?
Trumpers
try calling Black Lives Matter group a ‘Marxist front’ group: old
propaganda stunt works
Trump
giving our ventilators to Putin etc: $200 million other countries but need
oxygen
Gun
silencers now legal as gun lobbyist hired by Trump: Taliban free to
kill troops ‘quietly’
Unemployment
check fraud: Scammers use your info to file for benefits: Gov doesn’t help
fix it
Methanol
sanitizer recall by FDA: 59 varieties of hand sanitizer to avoid: label says ‘ethanol’
Fake
blackmail scam: email says they know your info/pictures on computer: pay
of they share
Benjamin
Alderson Bradley Hamilton caught
misleading clients pension transfers; fine/defrocked
GST
Factoring caught
stealing fees student-loan debt-relief business: repay $11.8 million; $1
fine
TurboTax
H&R Block caught
“unfair abusive practices” divert from free file to paid products
WellsFargo
changing
home mortgage payment plans without owners’ requests: foreclosures
First
Western Capital caught
selling restricted securities to non-institutional investors: fine no jail
Is it a scam: check
AARP scamline 877.908.3360.
Jobs
Facing eviction: know
your options
3 AZ teachers shared
classroom; wore
masks, gloves; 3 got virus—one has died
Walmart
health insurance sales: huge market; captive audience; low-cost policy
seniors
Who owns your account now?
Hedge
fund to buy newspaper publisher McClatchy out of bankruptcy: 163 years
family
KFC
going to plant-based former fried “chicken”: so fried tofu batter with more
batter?
Miracle:
40%
of people infected are asymptomatic. The chance of transmission from them
is 75%.
Finally July 2020, Vatican
tells bishops to report sex abuse to police: but “be
flexible”?
Bridger Walker 6 saved
his four-year-old sister from a dog attack get acknowledged.
Police are not
‘peace’ officers anymore: became paramilitary
forces full armor; no names
IAN
41 Watchung Plaza,
B242
973.746.2014
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