Tax-refund
Millionaire-- https://www.irs.gov/refunds
Most people spend their tax refund—your refund could be a retirement nest egg.
Michele had trouble saving. She seemed to always be waiting for her next paycheck. She never had enough to save for a rainy day like her Mom did. She used to make about $55,000 as a shop manager but with federal, social security, Medicare and state taxes, unemployment, disability, and health insurance, she was not able to put anything away for retirement. Years ago, her local tax preparer suggested she use her tax refund (average $3,000) to create a retirement fund. Usually Michele would use her refund to pay bills or buy something special. The tax preparer said that if she agreed to start an IRA with $3,000 of her refund, she would be able to increase her refund—Uncle Sam would help her save. The amount she invested would reduce her income and make her refund larger. The $3,000 could grow over time, if she left it in stock mutual funds in her IRA account. Over time, it has grown large enough that she will have enough for retirement.
I will help you start one in 1 hour: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
Right now your $3,000 tax refund is worth DOUBLE
If we invest our tax refund in a stock fund—the shares are down 14% so far this year—the shares will easily double in value when the stock market recovers by next year. The alternative is to put $3,000 in a savings account earning .8% so you have $3,054 in a couple of years. $6,000 vs $3,054 in a couple of years. Stock prices are down—a sale. You are able to double your money in less time. Where can you do that? Not in a hedge fund. Warren Buffett proved that. Using a tax-FREE investment account, you may never have to pay tax on that portfolio increase. You can use the only legal tax shelter for working people. If you keep adding your tax refund to your tax-FREE account, you may have $250,000 in 20 years—and you will be able to spend it all—an extra 20-25% since there are NO income taxes on this special §408A account.
Go Tax-FREE: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072
Is this annuity right for you?
This annuity provides you with a guaranteed income for life. And the amount adjusts for inflation so that in 20 years it pays you an amount that has kept pace with the rising cost of living. Most annuity payouts are fixed, so that the amount you receive buys only about HALF of what it used to buy. This annuity grows over the course of time instead of requiring a huge chunk of your nest egg when you stop working. In fact this annuity can begin when you really need it—after you have accomplished all the things on your “bucket list” and you have spent most of your nest egg. This annuity can never fail to pay your monthly income because it is not dependent on the financial soundness of an insurance company. The monthly amount comes directly from the United States Treasury to your checking account. And the Treasury has never missed a payment even when the rest of the government has stopped paying its bills. Talk about peace of mind. And you can receive over a $1 million during your lifetime. Take this annuity.
Maximize benefits: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224
Commoditization of the financial advice industry
Advisors can no longer afford to help families with less than $1 million of investible assets. Advisors cannot be sustained without the need to trade a lot of securities or sell a product like an annuity to keep the “fat cats” wealthy and their offices plush. Most large advisory firms have had to put clients into robo advisor mode. Wealthfront and Edge are examples. You are sent to the service center model, where the financial advisor does not play a critical role. Portfolios are standardized so you get one of 5-10 models. However, tax management or estate planning need more than an algorithm. So you are better off finding an expert on a fixed-fee basis at the time you need special services. For instance, many readers hired a planner (CFP) for a set fee to provide a comprehensive year by year estimate of income and expenses for 30 years. A tax accountant (CPA) can provide expert advice on handling tax matters. For complicated estate plans, you can secure a competent estate planner to guarantee your legacy. Remember, your IRA and regular mutual fund have beneficiary provisions which pass your money outside your will.
https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545
Best Robo-Advisor:
Ultimate Automatic Wealth Management
Morningstar, the securities analyst found that COST
is the best predictor of financial success over time. Fidelity found that
their client accounts that were most successful were those put on
automatic—left alone—forgotten. Warren Buffett: “The
stock market is a device for transferring money from the impatient to the
patient.” Buffett claims that his holding period is forever. He advocates
compounding (allow earnings on earnings to grow exponentially): "My wealth
has come from a combination of living in
https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
We will need to pay extra taxes on our inheritance
The new federal regulations would require many people who inherit money through traditional individual retirement accounts (IRAs) as well as 401(k)s, 403(b)s and eligible 457(b)s to withdraw funds from the accounts every year over a 10-year period, The Wall Street Journal reports. Non-spouse heirs are required to take minimum taxable withdrawals every year for 10 years from their inheritance in situations where the original account owner died on or after April 1 of the year of his or her 72nd birthday. These withdrawals, technically known as required minimum distributions (RMDs), must empty the account within the 10-year period. Heirs would pay a penalty of 50% on any RMD amounts that they failed to withdraw according to the schedule defined by the new IRS rules. This change, from “at the end of 10 years” to every year makes the tax-FREE Roth IRA more attractive to those making a legacy.
Consider a conversion to Roth: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716
Another way we pay taxes for the wealthy
Our Representatives continue to provide rich people with another way to avoid paying taxes. This one is fairly simple to eliminate but it continues to blow up the amount we all have to pay in the national debt. This three-decades-old loophole that cuts private equity billionaires’ tax rate almost in half is called carried interest. It is really the profits taken from investors by investment managerial firms. Investment managers pay a lower tax rate “than teachers and firefighters” because money manager are taxed at the lower capital gains rate not the income rate we all pay. Private equity and investment firms spent about $3.6 million on DC lobbyists; over the next four years they spent a combined $75 million. Small amount compared with the $180 Billion they take over 10 years. Obama tried to revoke this special deal but he never “leaned” on senators to include carried interest in a tax reform push. Senators get election money from money managers and lobbyists so they continue to run up our tax bill by not paying their fair share.
Stop paying their tax: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
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 $2,500 a monthly in retirement supplement.
Start their ‘Wealth Reserve’: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355
?**********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
Trump: drop
missiles on Mexico drug makers
How Govt wastes our money:
GOP plan to ban IUD
etc: charge
murder for end pregnancy by any means
GOP Supremes: no
right to private decision like abortion, gender, marriage in Constitution
TX low-income
Latinas face major obstacles when it comes to ending unwanted
pregnancies
Alito
relies on 1671 understanding of marriage to think women rights NOT
Constitutional.
Trump
gave troubled lab $628 million contract to make the COVID-19 vaccines:
later destroyed
Rand
Paul dissents helping
SCAMS/SPINS:
GOP good
old days: no aviane, so rhythm, no abortion, so
coat hanger, no gays so closet
A
Trump world vs a DeSantis world: radical southern strategy overwhelms staid
Joe.
DeSantis redistricting map that would have eliminated a Black district in FL
FL rejected 41% of books: 24 of them scored
high on official reviewers but reject too
Guns
Now Kill More Children and Young Adults Than Car Crashes: Books don’t kill!
Putting
Putin’s partisan on trial for war crimes: 21 yr old murdered unarmed 62 yr
old
Putin
scores “victory’ kills 60 women/children hiding in school: killing
Ukraine ‘nazis’
GOP souring on
Greene
said can’t remember Jan 6 coup and so did judge: more crazy Greene GOP
stunts
Trump
fails to provide subpoena documents because he “lost his phones” Judge
tricked!
Medicare
Advantage declines 18% claims experts say OK: insurers hate paying claims
Jeffrey N. Crossland CA caught
stealing $3.5 millions church loan scam 4 years prison
Trumps caught
taking $ millions: promote fake vitamin/health products
Supremes
base abortion ban on 1736 Englishman’s hate of women as witch, property
GOP
encouraged to ban contraception as well as other personal choice rights.
Never use TurboTax: caught
misleading us about costs; pay fine no jail
Banks caught ATM surcharges not
reimbursed: claim refunds
Forever Living caught
promises HUGE earnings but distributors earn absolutely nothing
RAM Payment/Account Management Systems caught
overcharging debt relief clients
SugarHouse Sportsbook caught
fraud: “get up to a $250 match bonus on first deposit.”
TD Bank caught
misleading “$300 Gift” TD can take back the $300 it “gave” us.
Recall 130,000 Tesla overheating
cause the touchscreen to malfunction: burns your chips
Hackers
are going after our data files with insurers: check your mobile password.
100 pairs of “extra
destroyed” sneakers available to buy for $1,850: what you thinking?
work-at-home
schemes provide income for criminals not us
Easy to mislead each other: fun
for some costly for others: we’re conspiracy
lovers
DeSantis holiday: mandate
for students: learn “atrocities” by communist regimes no slave owners
GOP
to block student access to online library databases: books, articles they
don’t like
Jobs
Wage levels fell: inflation elevated at 8.3%: 6% wage
rise less 8% price rise: we lost 2%
Who owns your account now?
Low-cost internet access for most Americans: some computer deals
NSM Insurance Group to Carlyle Group Inc
Allstate
expects to raise premiums more: costlier litigation and used-car prices
Investors glad they
did NOT
put Bitcoin in their 401k as Fidelity
recommended
Miracles:
Water
shortage level likely trigger larger water cuts for
Women among
Warming: giant
groundwater system under the ice sheet in
Congress
hearings on UFOs next week: 144 events, 1 explained: watch C-span
Scientist
says move NYC before it is too late; too expensive: who is this guy?
Floating
Solar Power Farm on lake with battery replaces Putin oil
Plane passenger
lands plane after pilot incapacitated: DIY flying using picture of controls
States that offer free
college courses to residents: Harvard’s
free online courses
Your
investments in the stock market
have doubled over the last 5 years: 200-400
IVV
@@@@@@
Everything in the
universe from galaxy to stones is made of subatomic
‘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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