Best graduation gift you can give
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 at least $2,933 a monthly in a retirement supplement for the rest of our lives.
Start their ‘Wealth Reserve’: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355
Most folks in or near retirement fear outliving their money
Advisors usual solution: guaranteed income from an annuity. Because the
commissions
and fees can be large and are hidden, retirees usually buy these no-refund
contracts. The contracts are usually thick with legal
protections for the insurer and sales agent. There are more expensive provisions that may
help protect you but the bottom line is that you are paying a lot
of money for a stream of payments that may not overcome inflationary costs.
So, for a 65 year old female with $100,000 payment, she will receive $454 a
month for life. However, by age 80, her fixed $454 a month will buy about HALF
the necessities it originally did. She can purchase a ‘cost-of-living’ rider
like the COLA SS benefit but that reduces the amount per month. For less
benefit, her heirs can get back whatever is left if she dies early (before age
86). She may need more than $227 a month for living expenses. There are better
alternatives to get a regular check.
Check options: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573
Why Warren Buffett is your best financial advisor
Mr Buffett does not need your fees and commissions. He has $ Billions. He has more experience than any paid advisor or brokerage firm. Most advisors and brokerage firms provide standard advice and portfolio models pre-packed for retail customers. Unless your wealth includes special assets totaling in the $ billions, you get the regular firm products. Sellers sell only what supplies the firm with profits. When you need specific unbiased advice you can buy it from a fiduciary for a single charge. Most of us are going to accumulate less wealth over time by paying the annual fees and charges firms need. Those who pay 1-2% a year in fees and trading mistakes will give away 50 to 60% of their possible accumulation over time. Buffett credits “compound interest” for his success. Thus your $250 a month investment can become $2 million over time IF you don’t pay for advice you don’t need. Buffett’s advice is unbiased and simple to follow. Use Buffett’s advice:https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/
Car insurance costs go
up for some people
Age is a big
contributor to costs: teens pay about $5,000; seniors pay about $1,500. Your credit score and driving record can be
controlled. Your home location can raise premiums. Your vehicle and its use can
be a factor in costs. There are discounts available. Your immediate control of
costs is determined by the carrier you use. Shopping every 2-3 years provides
you with a chance to take advantage of the marketing plans of some insurers.
They often try to find drivers which their database tells them are cheaper to
insure. Each year they change and so do you. Bundling may save premium while
others may not. The same goes for safe-driver courses and a driver
association affinity. Each has its own set of preferred driver
qualifications.
Try shopping: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Is investing in real estate right for you?
Commercial real estate returns have shined during the last year despite the pandemic challenges. Like stocks, real estate investment trusts (REIT) are up 35% or more. REITs have often performed differently than stocks and bonds, so this fund may offer some diversification to a portfolio already made up of stocks and bonds. Since 2001 the Vanguard REIT has returned over 10% a year. Your contributions to a REIT inside a tax-FREE account may help you achieve a tax-FREE retirement.
Go Tax-FREE: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
Which mutual fund do my readers prefer?
Many of my retired and pre-retired readers prefer mutual funds that have been around for years and are managed by experts at low cost. Like John Bogle, they believe that “cost matter.” Bogle told Martin Smith of Frontline that a “2 percent fee will erode 63 percent of what you would have had” over time: 63%. That is big chunk of our nest egg. Bogle created low-cost funds for every portfolio. My readers like Vanguard Windsor Fund. Since its 1958 inception, this aggressive large-capitalization value fund has held fast to its distinctive strategy and provided 11.47% a year. Also Vanguard Wellesley Income Fund. This 50 year-old, income-oriented balanced fund offers exposure to dividend stocks and investment-grade bonds. It has provided 9.44% returns since 1970.
Pay less; keep more: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
What happens after a recession?
During a recession, stock prices typically plummet. The markets can be volatile with share prices experiencing wild swings. Investors react quickly to any hint of news—either good or bad—and the flight to safety can cause some investors to pull their money out of the stock market entirely. Since 1871, the average return has been 11% per year. You are better off betting on reversion to the mean not Bits. Fear not!
2009 27.11
2008 -37.22
2003 28.72
2002 -22.27
1995 38.02
1994 1.19
1991 30.95
1990 -3.42
1982 21.22
1981 -5.33
1975 38.46
1974 -26.95
Don’t lose your head: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
Advisors repackage old sales ideas with new hype
“Active personalization is the new active investing,” announces analyst Morningstar.
Ask your advisor what “active personalization” really means.
More tech mumbo-jumbo to sell standard “model” portfolios as ‘personalized’
just for you. Advisors will use “Morningstar portfolio risk score” to justify
the portfolio they recommend. “They also have the Risk Profiler, which measures
the level of a risk that a client is psychologically comfortable taking.” They
will also offer the
Warren Buffett proved it: https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900
How much should you invest?
The average salary is about $50,000. During our lifetime, we may earn $2.5-$3 million, depending on raises and years worked. If we invest just 6% ($3,000) in the low-cost stock market index of our 401k or IRA, we could have $2,100,000 for retirement in 40 years. If our employer matches our contribution or our spouse has a similar situation, we could have more. Given the historical rate of inflation, this amount would still allow us to spend retirement income of $45,000 (after inflation) for 30 years. We can now invest in a Tax-FREE account, approved by the IRS. We could spend all $3,750 a month!
Spend Tax-Free Income: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
The
Path to Dictatorship: 2010-2030
Nov 2020 Wealthy
discredit election process
Jan
6 2021 Direct
assault failed: guns
& bombs ready
Trumpist’s Supremes end
personal rights
How Govt wastes our money:
NO infant formula
because milk
subsidy laws keep out all other makers
More hate crimes: 2nd
Amendment has no death limits but children only have 2 parents
Congress to let the
lead fly: no
gun or 30-rd mag control: gun purchase tripled 2000-21
Anti-vaxx,
anti-maskers get their wish: 1 million covid disbelievers die: lack
protection
Our
Reps allow private equity firms to help wealthy (US and USSR) hide cash not
yachts
Formula shortage due
to socialist
gov contracts monopoly firm: Abbott only supplier
414-9 9
GOP voted against helping women buy formula: Gaetz, Gohmert, Greene
OK
bans abortion choice: $10,000
bounty on head of any helper, even religious advisor
Time for price
controls? Runaway
inflation and recession leads GOP to dream?
SCAMS/SPINS:
TX
bans media firms from barring conservatives: “conspiracy to silence
conservatives”
States with abortion
ban and with “marriage”
age 12-17 years for girls like in Hale
time
State
abortion limits: Abortion
rights backers
rally in anger over post-Roe future
GOP Loudermilk showed
terrorists the capital layout for a coup: kill Pence
Former Trump
White House chief of staff Mark Meadows committed voter fraud
Trump
collects donations for 2017 AZ real estate approval: Trump
WALL fails
Cruz
collects donations to pay off his personal debts: financing our dictatorship
Scammer
used cell number to gain access to social security benefits and switch them
Mercedes
owners: stop driving 292,000 vehicles: brakes can fail.
Ford
recalls 350,000: 2021 Ford Expedition and Lincoln Navigator SUVs catch
fire
Trying
to time the market leads to disaster: ETF short sellers can’t exit
positions.
Allianz caught
Structured Alpha fund fraud: manager charged: fine, no jail
BEWARE: WalMart
trucks in KS have no drivers: Teamsters union, lawyers not happy
Docs
on Pharma Payroll Have Blemished Records, Limited Credentials: Ask 2nd
opinion
Northshore Clinical Labs, a COVID testing laboratory caught
results false: no jail
Surgeon
check: always
get a 2nd opinion: this
guild protects its own so few
lose license
US
caught allowing auto-guns to be sold to those with limited
real-world understanding
The
limited haters can get
auto-guns and armor vests to kill us
all: 30
rd auto-guns
Our
hand pistols do no good against guns of war: 30 rounds in 15 seconds:
you’re dead
Misleading
info drives fear and hate: Ex
Trumpist calls GOP a threat to America
Putin instructs
Russian TV to use Tucker’s propaganda instead of his own
Putin
surrounded:
Putin,
like Hitler, putting seniors and mercenaries in uniform: replace higher war
losses
Putin,
like Hitler, now making strategic battlefield decisions: pontoon
crossing daylight
Putin,
like Hitler, putting spies in his own military ranks to "neutralize"
dissenters
Putin blocks food
for Africa:
Jobs
10
most wanted jobs of 2022: Chauffeur, Road construction supervisor
$30
an hour babysitting in NY by high schoolers saving for ivy league $100,000
costs
Who owns your account now?
Stock returns for the last 20 years: Where would you rather be?
AllianzGL investment management biz to Voya
Credit score: keep your oldest card open; use once a year; make on-time payments.
Get paid for starting a new bank account: many rules but if you are already shopping
New infections-100,000 a day-comes as the nation heads into Memorial Day: mask?
Miracles:
Salt
battery for long-term electric storage: capture wind sun; use: no wind, no
sun
STONES: 60th year tour: Jagger 79,
Richards 78, Wood 75: how to keep it up so long
Medical
debt in payment plan delayed from credit reports July 1
Life
cell secret: RNA molecules can link short chains of amino acids together:
copy
@
Everything in universe:
galaxies to stones made of subatomic
energy ‘vibrations’
Light is both
a particle and a wave depending on how we look at the light.
A subatomic ‘particle’
is the smallest possible vibration (quantum) of a quantum field.
Mass–energy
equivalence: E=mc^2. At the smallest
level; Everything is moving!
Inside protons,
neutrons, it
is the fields of the virtual particles that creates its mass.
“Empty space is a
boiling, bubbling brew of virtual
particles that pop in and out of existence in a time scale so short that
you can’t even measure them.” Space expanding.
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
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts available
at http://dankeppel.blogspot.com/
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