Are stock dividends the best way to create retirement income?

 

Make your grandchild a millionaire

If you are wealthy or they have time to accumulate wealth, you can help them have enough money to do what they really want to do. 1^st case: give each grandchild $15,000 a year with no gift tax. A custody or cash account with your stock mutual fund can become a $million in 20 years. 2^nd case: give each grandchild $250 a month using automatic investment from your bank account. A custody or cash account with your stock mutual fund can become a $million in 35 years. If they convert their account to a Roth IRA the account earnings will become tax-FREE when they take the money out.

Gift of a lifetime: https://www.amazon.com/Give-your-Grandchild-1000000-Lifetime/dp/1456433105/

 

Can Congress complete the Social Security stabilization for us?

The SS Trustees Report says that we will have our SS benefits cut by 25% in 2034—just 12 years away. Congress has trouble understanding it takes time to accumulate the funds that will provide the benefits. Reason: most are multimillionairs and won’t need benefits. Wealthy members don’t want to think about taxes. Some don’t even realize that global warming is reducing their $ billions of assets. However, if we are to survive in retirement, we need to convince the split Congress that Americans agree on THREE things: ensuring Social Security cost-of-living adjustments (COLAs) are enough to, at minimum, keep up with inflation; reinstating Social Security payroll taxes on people earning more than $400,000 per year; and providing a Social Security credit to unpaid caregivers. Because Congress may not agree in time to correct the situation, prudent folks must take action.

Start today: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

 

Are stock dividends the best way to create retirement income?

Some advisors are convinced that stock dividends are the best way to fund our retirement. Few stocks pay over 3% in dividends. At $6 a year, owners of 3M for instance, must own 5,000 shares at $194 a share or about $1,000,000. Luckily, dividends are taxed at lower rates than income from 401k or IRA funds. However, we may do better by owning non-dividend shares like those in the S&P 500 that we can sell as needed with fewer taxes. Also, with inflation returning to the historical 3%, a dividend yield of 3% may actually be losing us long-term buying power. Stocks returns beat inflation. The other benefit of owning non-dividend stocks is that we can sell when the price and tax benefits are greatest. If we have other retirement income like taxable 401k and IRA money, we can postpone selling stock for income. We may have periods when we can convert the taxable money to tax-FREE money and thus lower our tax burden over time. We may need a one-time fee-only planner to help us create tax-FREE retirement income.

Tax-FREE spending: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

$10,000 annual fee

Do you realize that is the amount you are paying your advisor every year? If your portfolio is $500,000 and your expense fees and charges and 12b-1 and trading costs and timing mistakes total up to 2% each year, you could be falling behind your ultimate goal in a big way. Year after year with most costs hidden in quarterly statements and prospectus, you can lose up to 50% of your possible accumulation because of the compounding of costs. Compare your account balance to the account balance if you were using a 0.04% stock market index fund. DALBAR returns tracker says the difference can be 7%--3.79%vs11.06%. If your assets earn more than 2% and you pay 2% TOTAL costs, you lose a year of earnings if there are any. If the market falls, you lose more since there are no refunds if advisors fail to better the stock market index. For most advisors, if their market picks fail, they will increase trading costs to try to avoid a loss. This just makes matters worse. But by the time you see the loss or lack of gain, that period is over and there is nothing you can do. You could move your assets to the Best Robo available.

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

 

Another way the wealthy avoid taxes

Trial lawyers haul their mass tort winnings to tax-haven Puerto Rico

And you wonder who will pay off the skyrocketing National Debt of $28 Trillions. These lawyers, who get the lion’s share of the opioid death settlement, are moving outside the US to avoid taxes on their $2 Billion fees. This “self-described West Virginia hillbilly” did not move his family so you know he is purposefully violating the law: “If you’re a lawyer in San Juan sitting behind a computer screen, you pay zero state and federal income taxes.” You may not be ready to leave your family and friends and move your office to PR so what can you do to avoid paying THEIR share of the $28 Trillion? You can avoid some of your income taxes by using deductions from your business activities like the former president does, but that takes time and money to set up. An immediate way is to take advantage of the current legal IRS-approved retirement accounts. 

Start today: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

61% of households paid no federal income taxes in 2020

Are you one of the few who paid taxes last year? Households making less than about $28,000 will not owe income taxes this year, nor will about three-quarters of families earning between $28,000 and $55,000, the Tax Policy Center found. That means if you earn over about $22.47 an hour, you will owe the IRS in 2021. Congress is so divided politically; few expect the new taxes needed to cover our spending and debt interest will show up before year end. Long vacations add to the problem. Increased corporate taxes and changes in capital gains tax rates are likely to be debated for months. It is not clear whether Congress will even give the IRS the funds to collect taxes owed by the wealthy. Will middle-class families in high property-tax states ever get to deduct them fully? Will Biden be able to protect small business as Biden promised? You and small businesses don’t have access to the army of lawyers and accountants that allowed 55 profitable large corporations to avoid paying any federal corporate taxes in 2020. They cannot shift profits into tax havens to avoid paying U.S. taxes like multinational corporations can. 

You can avoid paying their taxes: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 American tax system: socialism for the rich: "only the little people pay taxes"

 https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

 

 

**********ACCOUNTABILITY**************

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

Our Jan 6 ‘Truth and Reconciliation Commission’

 

Head of terrorist group gets 5 months

 

Capitol police sue Trump, his terrorists

 

House seeks Trump-terrorist link docs

 

Trump lawyers sanctioned for abusing justice system

 

Terrorist plotting to kill Gov gets 6 years

 

How Govt wastes our money:

US surprised Taliban guerillas still around: 2,352 troops died: tired of $2.2 Trillion costs.

GOP wants to keep ‘anti-terrorist’ group in Afghanistan: Vietnam started that way

Are ‘Anti-vaxxers’ really free to put the rest of us in the hospital?

100,000 hospitalized with covid-19 a level not seen since Jan. 30 when vax not available

 

SCAMS/SPINS:

TX GOP pushes for suppressing Dem vote to re-capture House seats: SB1 passed

States redistricting GOP favor for next Congress: Dems voters put in fewer districts

 

Trump booed in AL rally after vax statement: mob turns on Leader who got vax?

Conservative talk show Phil Valentine dies with Covid-19: family pleads ‘get vax’

Mom’s 2 sons die of Covid: sons refused vax: ‘I wish I could have made them do it’

 

Do it for the KIDS: Anti-vaxxers making most vulnerable kids sick and sicker

 

OR School head tells parents how to get children out of wearing mask: claim disability 

CA pastor offering religious exemptions to avoid vaccine mandate: ‘war’ dead 635,000

KS school board gives medical or mental health exemption to avoid masks

 

LA GOP officials help with philosophical or religious exemption from Gov’s mask rule

FL anti-vaxxers wait on floor for anti-body treatment not vax: sick line up full hospitals

KY GOP court removes Gov power to curb Covid: GOP ends school mandate

 

Covid vax needs booster or not: not clear who when what where?

DeSantis, Abbott and Hogan anti-vaxxers running for the White House in ‘24

 

Dr Robert Karas AR prescribed anti-parasitic drug "thousands" of times: jail inmates

“You wouldn’t get your chemotherapy at a feed store.” MS folks taking de-worm drug.

The National Guard will see you now: GA hospitals staffed by military: Covid ‘war zone’

Judge: Sacklers, Oxy, get off too easy: legal immunities: killed 500,000; millions suffer 

 

 

Bolts catch fire: GM unbolts battery: do not charge indoors overnight

Malicious QR Codes Now Used by Online Scammers

 

Covid risk on cruise ships even if vax: older cruisers warned: no hospital onboard

Seniors’ biggest mistake: SS benefits don’t go up when you reach full retirement age

 

Robert J. Mueller TX caught: stole $58 million seniors’ nest eggs promised safe returns

ISC Advisors caught over charging fees for funds: no disclosure; no SEC reporting

Online casinos report big year taking $13.6 billion from desperate poor/unemployed

John Woods Livingston Southport caught Ponzi on 400 for $110 million “safe steady”

 

Laptop crash? You can imagine car’s autopilot may have same problem at 65 mph

 

 

Pro-gun states wish to disarm the ATF power to regulate complete firearms

Family Fascism: state law gives militia a “veneer of sanctioned credibility” armed picnics

 

Jobs

Cars wait for their computers: Ford Toyota GM stop lines: Covid cuts Malaysia workers

Telemarketer jobs going away, thankfully you don’t pursue these phone pests.

factory equipment manufacturers jobs vault to highs above 2019 levels: good pay

 

Delta charging no-vaxxers extra health care premiums: selfishness costs

Robots replacing low-wage workers pushed by venture capitalists

 

Who owns your account now?

Supremes as owners put millions on street: evicted before recovery: didn’t even sign order

 

Miracles:

Congress considers giving seniors Medicare dental coverage to some extent: on to-do list

Athletes helping young ones understand how money works: learning basics avoiding bad

Earth Fire: 2020 was Europe's hottest year on record

 

Greenhouse gas concentrations, global sea levels hit record highs in 2020

 

 

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/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

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