Make the New Year better
Is automatic bill pay right for you?
There are severe penalties for not paying your bills on time. You will get hit with charges, interest and lower credit bureau scores in many situations. You also may be paying higher mailing rates. How do you avoid this situation? Your bank may offer auto bill pay. I have been using this for about 10 years. Using your checking or business account as the source, you set up a vendor account with the name and address of the entity you owe. My monthly house mortgage loan is paid to Quicken at the same amount each 1st of the month. The bank posts this amount the Quicken’s bank by the 1st automatically. I do nothing after I set the amount monthly. For credit cards with different amounts, I enter the amount when I get the bill and set the date I wish the amount to arrive at the card’s address. For all others (utilities, doctors, newspapers, insurance, and individuals), I decide the amount and time to arrive at their address. All I have to do is have all my income deposited directly into my checking account. Some times I have to move money from my savings to my checking for emergency bills. Sometimes I have to reimburse my daughter and (she me) via direct transfers or Zelle. Her account is at the same bank but I can do a transfer to another person at their bank for large fee. The best part is I have monthly records on paper and any period totals digitally. I can also find and print any transaction during the past 12 months. I don’t pay extra for auto bill pay since the bank has my money from direct deposit. In fact I have saved over $50 since starting.
More ways to save: https://www.amazon.com/Save-3000-every-year/dp/1500681571
You need a tax-FREE account so your retirement income is FREE
This book will show you how to: Create a $2,000,000 tax-FREE Retirement System. Use the best legal tax shelter: no taxes . . . ever. Tax-favored over a 401k even with a match. Protect your family and assets with your System. Borrow from your System to pay for large purchases. Buy whatever you need without going into debt to others. Self-insure manageable risks—invest the premiums saved. Buy financial services at wholesale prices—save $3,000 a year. Manage your System in 1 hour per year. $2 million nest egg can produce $160,000 a year in retirement. $1 million produces $80,000 income FREE.
https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/
New Year fresh start for your kids/grandkids
Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in a retirement supplement. Your kids use the Buffett investment strategy for any amateur. Buffett recently proved his method, though simple, beat the strategies of the best hedge funds. Start with only $1,000.
Start in 30 minutes: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355
2022: another stock market high?
You may have noticed that your 500 index fund returned about
29% last year. Your real estate index fund
provided 40% return. Like 2019, 2017 and 2013, these highs might start
convincing you that an average for this
period of 17% might continue. Using the 500 index would have quadrupled
your retirement nest egg. But before you get greedy, you might want to move
some of those gains to a balanced account like Wellesley
Income Fund. This low-cost managed fund has provided steady income to
retirees since 1970. This balance of stocks and bonds could help you through
the anxiety of 2022 since the Fed (
Low-cost leader: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
What is your retirement dream?
Travel, hobbies, family, business, volunteer, keep favorite
job, other? No matter your dream your first
concern is health. Our dream can motivate us to save for the time when we
don’t NEED to work at a job for money. Thus there are folks who have
prioritized saving over spending, even when family obligations are great. Take
the story of the Howell family highlighted in a recent Money newsletter: the
Howell's could save 21% of salary and put kids thru college. Randy retired at
age 56 from a variety of labor and management positions with United Parcel
Service, and LuAnne worked as a school secretary. They enjoy hiking and other
outdoor activities. However, without a health plan from work, it is doubtful
they could have retired early to do what they wanted to do. For other folks, what
happens when their health requires them to interrupt their plans? Our health
system is a ‘for profit’ system so that my health needs are in conflict with
the industry need for profits. I, NOT them, will suffer when I can’t afford to
maintain my health. My dream is crippled while they earn more. The need for affordable
health insurance becomes the No 1 priority for
Health insurance first: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
Is using a 401k brokerage account right for you?
New research by Empower shows that while the average age of participants using the brokerage account is higher than average, the effect has to do with older participants having higher incomes and balances rather than just because they are older. This makes sense from the view that buying individual securities when you already have a nest egg built up provides some further diversification or specialization. One reader had 80% of their 401k money in a low cost S&P 500 index while they continued to buy DMYI which is involved in quantum computers. This arrangement is sometimes called a “hub and spoke” strategy. Any loss in the spoke does not destroy the wheel.
https://www.amazon.com/Best-Both-Worlds-Spoke-Investments/dp/1533307326
Which used cars to buy now?
Vehicle dependability is at an all-time high, according to
the J.D. Power 2021
Ask for each discount: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/
Are buying art, wine, gold the right investments for you?
Many internet blogs run by journalists provide misleading
investment advice to sell clicks to other for profit sites. Example:
Use Compounding: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
The
Path to Dictatorship: 2010-2030
Sedition: Trump’s
plan to keep power
Trump
co-conspirators charged?
Terrorists
send Congress to floor
How Govt wastes our money:
Congress fails to
pass law against abusing
women: no
votes since 2013: NRA blocks it
Sedition: ‘speech
that incite people to rebel against the government’: Trump
incites Jan 6
Sedition: Trump called
on his
"MAGA nation" to "rise up" against President cost
$30 mil
SCAMS/SPINS:
Kids with Covid fill hospitals: unvaccinated; 378
children admitted per day
GOP Jordan claims booster
not effective but NO facts more Trumpers die for lie 840,000
TX
tells Navy it has no jurisdiction over antivaxxers despite orders: 35 may
kill hundreds
TX
bans books on race and sex they don’t like in secret meetings: teens buy
own books
NJ caught
negligence in deaths of 100+ veterans
in state-run facilities: fine $53 million.
Surprise medical bills now illegal: Just
say ‘no’ to med providers who spring bill on you
Call a taxi: ambulance rides $450
or more are exempt so we still face surprise bills.
Teva Pharmaceuticals caught
providing opioid leading to deaths of 500,000 users
Rich
need a raise?: Time to raise
prices on Covid tests, treatment, vaxx, swabs, etc
Manchin
decides Dems not break GOP block vote rights: takes
McConnell’s job
GOP
halts Voting Rights Act: states block vote expansion: Trumpers
hold key jobs
Only
1 Republican showed up to remember the 1st and only attack on our
government
Most Americans
don’t think state GOP will accept Dem win: GOP war
for Trump
24th
Dem quit House: GOP win without a fight
725 terrorists charged: most
convicted rioters received no jail time: ready for 2nd attack
Trump
terrorist attacks covid vaxx clinic shouting “murderers” 1 hospitalized
from hate
"There’s a demand
for misinformation; so people
are always gonna find a way to get it."
21 million Americans believe violence
is justified to overturn the 2021 US election
75% of insurrection supporters: Dems
trying to make US “obedient” Third World voters
40% GOP: “violent
action against the government" sometimes justified: 2nd
civil war
30% Americans think Biden
illegitimate elected president: 30%
think election fraud
Sedition not charged because Jan
6 attempted coup was run by white supremacists
Trump’s TX recount: 0.0006% discrepancies: Biden
did not win TX: Trump lost votes
Putin
hackers behind election probe of Dominion Voting Systems in cities w/o
machines
Western
allies fear erosion of democracy in US: riot, insurrection, or armed
coup?
Ivanka, Don Jr caught
in subpoena by NY attorney general: long delay tactic; no jail
Prince
Andy says 17 year old has already been paid for his sex: $500,000 voids her
suit
Mel Trump is selling her hat: needs
money; divorce? They lost
their shirt on Wash hotel
Marlboro cigarettes
changing image: “moving beyond
smoking” to smoking in space
HeartWare pump taken off the market after years
of problems: still in chest of thousands
Allen Giltman CA caught
selling fake CDs from fake websites: $50 million
John Piccarreto NY caught
Ponzi fraudulent promissory notes $20 million prison 7 yrs
Susan, William Harris caught
stealing funds from special needs folks prison 47,15 yrs
Petra Gomez Jakeline Lumucso caught
prep fake tax returns $25 million prison 8 4 yrs
Kent RE Whitney CA caught
investment scam at his church $33 million prison 14 yrs
Jeff Carpoff CA caught
fake mobile solar generators Ponzi $1 billion prison 30 yrs
Richard Terabelian Ayvazyan CA caught
$10 million Covid relief funds prison 17 yrs
Private equity–backed RIAs
had a 147% increase in advisors
misconduct after takeover.
Jobs
Nevada
fires unvaccinated higher ed employees after mandate left in place
Walmart to hire 3,000
drivers as it expands home grocery delivery: put fridge for you
37
Bed Bath & Beyond stores are closing
Who owns your account now?
Mortgage rates rising: refi before Fed raises rates: 1.750% 15 years
Avoid delay in tax refund: enter the exact amount of Child Tax Credit: look it up at IRS
AT&T
and Verizon delay new 5G service: why pay more for no better service:
airports
Student loan borrowers will have an extra 90 days to begin repayments
Removing all your personal data from internet data brokers can be time consuming
Miracles:
10 year old refused
Alexa challenge to shock herself in outlet: Jeff’s fun is deadly
Nuclear
war “avoided” say world powers: Gee, I feel better: what did we have
before?
We need more air: Seed-dropping
drone can plant 40,000
trees a day
GA to allow
everyone to carry gun without a license or background check or training
Child abuse: 300,000
children
were taken in marriage by older men: still legal in US
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
41 Watchung Plaza,
B242
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts available
at http://dankeppel.blogspot.com/
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