Are 401k fees still right for you?
Our current system favors costly middle people who are superfluous today with computers. The average fees levied on 401(k) savings cost us 0.5% to 2% annually (small employers). Compare that to today’s index and ETF funds which cost 0.04% or less. The overcharges we pay do NOT guarantee superior long-term success. In fact, most studies show we lose up to 63% of our total accumulations. Given today’s average earnings of 6% with 4% for us and 2% for Wall Street, we are the Big-time losers. No matter our portfolio—conservative or aggressive—we cannot help but do better with a new system for tax-advantaged investing. Fees are no longer deductible so even in a taxable account; the new system gives you more. Such a system is easily available to any working person without costly trusts, foreign tax havens or tax-avoidance schemes used by the wealthy.
Even if you have only 10 years to retirement, this system can benefit you. The longer your NEW retirement system runs, the more tax-FREE money you have to spend.
Go tax-FREE: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/
Which is better for investments—Dem or GOP president?
Wall Street gurus are currently going through their eternal talk about which party president is better for investors. As you might expect, this is not the right question. There are so many factors in the success of any particular investor that we should not even read these advice statements. Unless we know when exactly we will need our money or when the markets will fail, these pronouncements are just B-D propaganda. Most of us have learned that the stock market advances about 11% per year nominally over time. We know that in any given period, there are times when the market or our portfolio will rise and fall. This is why Warren Buffett, surely a wise investor, bet a million dollars on the S&P 500 stock index run by low-cost Vanguard to beat 5 guru hedge funds. Buffett gave the $1 million to his charity. The gurus are still in business so some of us still want to pay excessive fees to feel they own a superior strategy or portfolio. Unless we have insider information like our representatives in Washington, we are rewarded for just following the wise investor’s proven way. Lose 18.6% or gain 11.09%, your choice.
https://www.amazon.com/Building-Wealth-Like-Brushing-Teeth/dp/1470141469
What fuels the market climb?
Fixed income market provides low yields so investors poor into junk bonds. Our government is buying the bonds of private enterprises so the wealthy receive special treatment from the national deficit spending. The working person has no wage improvement power. The wealth gap gets wider so the rich can afford to stay in the bull market. They don’t have to worry about their company or investments going broke like the local mom and pop business so they can afford to keep putting money in the stock market to increase their wealth. Pension funds must stay in the market since many are under funded for their future liabilities. Wall Street no longer has to worry about a political meltdown so future growth looks promising. GOP Senate control will assure wealthy investors of no significant tax increases on non-wage income or wealth. Most wealthy people are not taxed on income and a wealth tax is very unlikely. Even Romney knows his offshore wealth is not in danger. Despite his protest, Warren Buffett, with $86 billions does not expect his tax rate to go up. Which is better: earning 1% or 12%?
https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373
Wealthy finding ways to avoid new taxes
With clearer future, the wealthy are scrambling to get their money hidden from the new tax proposals sitting in Dem inbox. Because the tax rates are probably going to be higher in the future, they can move their IRA balances into Roth tax free accounts now. They know the budget deficit has reached $3.3 trillion, a level not seen since the end of World War II. Since they already got the benefits of overspending, they will want McConnell to kill any stimulus for working people. The wealthy can use QCDs. They are the most tax-efficient way to reduce taxable IRA balances which have remained high with the government support in 2020. Gifts can reduce tax now and lower estate taxes later. Use Trump’s example of a $21 million deduction by giving away the right to build on your forest that never would have been developed anyway. Wealthy tax avoidance loopholes may be closing with the new regime in 2021. They need to act soon to keep the wealth gap growing. We working people can avoid paying the taxes avoided by the wealthy.
Use it or lose it: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
Biden’s new regulation: brokers must disclose conflicts of interest
Biden will need to return to the regulations that Obama
instituted just before he lost to Trump. Obama’s Fiduciary Rule required that
product sellers help us buy the best product available, ignoring
seller commissions and fees. On
https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275
Is a Robo right for you?
The use of automated
advice platform, or so-called robo advisors, is continuing
to rise, with about 8% of
https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Deduct $300 from income in 2020
Here’s how the CARES
Act changes deducting
charitable contributions made in 2020:
Previously, charitable contributions could only be deducted
if taxpayers itemized their deductions. However, taxpayers who don’t
itemize deductions may take a charitable deduction of up to $300 for cash
contributions made in 2020 to qualifying organizations. For the purposes of
this deduction, qualifying organizations are those that are religious,
charitable, educational, scientific or literary in purpose. The law changed in
this area due to the Coronavirus Aid, Relief, and Economic Security
Act. The CARES Act also suspends limits on charitable contributions and
temporarily increases limits on contributions of food inventory. More
information about these changes is available on IRS.gov.
Use all your credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
**********ACCOUNTABILITY**************
Like 1776, this
period is a test
of democracy—NO we don’t want a Dictator?
GOP
6-3 Supremes primed to reverse US back in time
Yes, courts used to put
women in jail for wearing slacks
Supreme
Alito: rights only for likes
Dictator: “It’s going away.” (No you are)
Dictator’s staff: “It’s
out of control:” 244,000+
dead
why everyone
wears seat belts now
Dictator’s
Sunday 11/8 at his Church
Dictator’s
armed terrorists standing by
Biden
has to run the country from Delaware
How Govt wastes our money: Our
Representatives gave 3.7 Trillion to the wealthy!
Trump, defeated, holds election rallies from AirForce1: costs us $77,000/hour: He lost!
Trump Plaza Casino Atlantic City blown up for Biden inaugural: Trump tax deduction?
Trump put his anti-racial justice, anti-climate change ideology into our retirement funds.
Trump’s ‘voter fraud’ proof: Philly, NY, PO DeJoy, NJ, LI, PA, PA, NC, which fraud?
World
dictators still back ours:
Trump tells Justice to find the ‘voter-fraud’ smoking gun: DoJ Investigator quits
Trump lawyers: “will we get paid for challenge work”?: Trump notorious for not paying
Mel hired movers already: Baron to military school? FL removes heliport from Marlago
Congress needs “eviction” marshal for tenant in our White House: Germany shows how
How much?: Trump may give up top secrets: he did it before: beat Impeachment once too
SCAMS/SPINS:
Trump’s
mail slowdown delivers 40,000 more ballots after judge orders
Trump
orders legal military ballots to be thrown out: absentee overseas votes
legal
Qanon
terrorists caught w/ fake ballots, AR 15 storming Philly counting center
Only
1 Republican offered hand to new president: Biden has 200 exec orders ready
GOP
still afraid of Trump’s tweets will not speak to Biden: no reconciliation
in US
Trumpers
angry with FoxNews for NOT airing fake “voter fraud” news & calling AZ
TX will pay $1
million: find 1
voter fraud case: a bribe for gov
official is legal in TX?
Doe
GOP exist with “Trump is the GOP” lost presidency? “Let’s give him a chance”
Ex Prez fires
Pentagon chief: apology
for Bible walk: military used against citizens bad
Can Trump’s Supremes
reverse the will of the voters? GOP courts make up ‘justice’
PA
voting outcome shows how much the color line still decides
Most
of the military leaders sighed in relief: the “stable
genius” almost gone
GOP
still rules state legislatures; religious right; Trump cult: Dem
work just starting
AR police
to Trumpers: “death to all Marxist Democrats” “leave
no survivors”
Trump
refuses to start transition process: McConnell:
“peaceful transfer of power”??
How
a cult dies: Jim
Jones took his ‘world’ with him: couldn’t face ‘the music’ real life
Trump
refuses to reduce environmental pollution killing corona virus patients
Cheryl Broussard FL caught
defrauding sorority investors; fake statements: 2 years jail
Robert Morgan caught
running Ponzi in real estate; promised high returns, fake docs,
Local
papers/websites turned into PR production for politicos/corporations.
‘news’?.
Gummies Promise to
Decrease Stress: Martha
Stewart leads the pitch for bad teeth
Census
takers told to enter false info: Trump closed census early: change future
Congress
Beam
Financial caught blocking bank withdrawals: yes some banks fail
Kraig Gier Security
Planning caught
stealing $1 million from elderly fake docs: 5 yrs jail
HD
Graham, DL Howard LL Matyas caught taking $920,000 fees no license: defrocked
no jail
Ransomware
thugs failing to delete stolen data after a victim pays a ransom:
Thieves 2X
How
easily we fall for misleading videos: ballot stuffing in
Trump’s
Financial ‘Protection’ lets debt collectors hound us: call, email, text,
24/7
FL
court allows Prevagen promising improved memory to keep claiming and sales
Robo “collector”
from 608-371-6666: https://800notes.com/Phone.aspx/1-608-371-6666
Vatican
silent child/adult sex abuser slept w/ boys: not sorry, no jail, no
confession
Religionist
with popular power support Trump: move state governments to extreme right
Is it a scam? Check AARP scamline 877.908.3360.
Check
IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams
https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers
Check Social
Security: https://blog.ssa.gov/
Safeguard data:
ConsumerReports help: https://securityplanner.consumerreports.org/
Jobs
Trump
hires hundreds to overturn election: then defend him from many
indictments
Biden
hires scientists pandemic team: Trump
plays golf & does more campaigning
Health care lost
with job: Supremes
may increase health emergency for 30 million
This is where our raises have gone: “matching pair” Porsche and Embraer Phenom 300E
Fidelity
Investments To Hire 4,000 People In Next Six Months
Florida
passes $15 minimum wage—but only by 2026 in fight for fair wages.
Who owns your account now?
J.C. Penney's defined benefit plan to Pension Benefit Guaranty Corp: fewer benefits
Safe hotel list: travel is hard enough so check before check-in
Miracles:
Despite all the bad
news we hear now, we
have a democracy; we
can vote and change!
Vaccine
maker: 90% effective: Trump
military/vendors to ship around: side
effects?
Un-scalable
wall around our White House still blocks citizens: ‘say
goodbye’ fence
Two
members of Biden virus panel worked inside the Trump administration:
experts
GOP
6-3 Supremes primed to reverse US back to 1950s: abortions
illegal, dirty air, no wildlife
reserves, no
voting rights, 0 immigrants, no
health care, red-lining
housing, no interracial couples, Trump
self-pardon, cancel IRS audit, no
gays, discriminate
by religion, decide our
elections, dismiss suit Trump
as rapist, etc
We can apply for
Medicare online: https://blog.ssa.gov/apply-for-medicare-online
We can apply for
Social Security online: https://www.ssa.gov/benefits/retirement/
Dem wish list:
healthcare, infrastructure jobs, restore environment, unite
545 kids
IAN
41 Watchung Plaza,
B242
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts available at http://dankeppel.blogspot.com/
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