Best Way to Withdraw From Your Retirement Accounts

 

Will a $250,000 retirement fund be enough?  

CORRECTION

Last week: “Your RMD will tell you how much you need in retirement” blurb was misleading. RMD is the required minimum distribution from your deferred retirement accounts (401k, 403b, other pension) so that income taxes can be assessed. The amount of your RMD is calculated by your mutual fund or brokerage from IRS tables based on your age and deferred accounts total at the end of the previous year. Because we all must withdrawal our amount, use an RMD calculator to test the total amount we will need to live on in retirement: our nest egg. https://www.aarp.org/work/retirement-planning/required-minimum-distribution-calculator.html For instance, if I need $833 a month, $10,000 a year for my basic needs, I use this calculator to estimate how much of a fund to accumulate. Based on this estimate, I will need to accumulate at least $250,000 in order to cover my basic spending. The IRS tables and our life expectancy changes so don’t use this calculator to determine your RMD for yourself. You can take your RMD out of one account, or take bits from each one, so long as you withdraw the required minimum amount. You can take more but it is taxed.

https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

 

Stocks are on sale but you must be patient

Stocks represent ownership of a company. If you are patient, the value of what you own can grow significantly. Some stocks produce dividends (profits) that are taxable and some don’t. For instance, if you had purchased one share in Warren Buffett’s Berkshire Hathaway in each year since 1965, you would be a multimillionaire. You would own parts of 50 profitable companies. Each share is worth over $500,000. The value of your stocks grew at 20% a year on average but you had to be patient. (Annual report, p 3) You lost 48% of the value in 1974 but gained 129% in 2 years. Buffett does not pay dividends so you would have paid no taxes on this stock each year. You pay when you sell. However, you could borrow from your broker with stock as collateral if you needed quick money. The stock is down 10% —HALF of the broad market index decline YTD. There are many stocks that retain earnings (no dividends) so you have your choice of assets without paying tax on growth every year. You choose when to pay taxes.

No-tax alternative: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

Best Way to Withdraw From Your Retirement Accounts

When we retire we are faced with decisions that we should have planned before the day of retirement. Based on our goals for the future, we should have decided in advance which accounts to hit first, second and third. We should have already decided to transfer our tax-deferred accounts from our employer and former employers to one trustee—a mutual fund or brokerage. We should have already decided to take Social Security or wait to maximize our benefits. Some wait to their age 70 to receive almost double the amount at age 62. We should have already calculated our basic spending needs so that we would know we would use only the required minimum distribution not our Roth IRA or our individual securities. We should have already calculated how much tax we would pay on our RMD, Social Security and pension benefits. If we use fixed income assets like CDs and annuities, we may owe tax on these accumulations. You may have other issues and questions about the sequence of spending so a fixed-fee financial planner may be the best option at this time. A one-time fee is cheaper than 1-2% annual fee for 30 years.

https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

 

You don’t need an advisor to accumulate a $1,000,000 fund

Saving and investing is not as hard as the financial industry makes it out to be. The folks who are successful in accumulation for retirement follow a few simple rules that they learned early, usually from their parents. Schools don’t teach basic investing. They teach how to open a bank account to spend a pay check. Employers can’t give us good advice since that makes them liable for our mistakes. Rule 1: start early—use your first employer’s tax advantaged plan. Rule 2: invest in low-cost stock index mutual funds inside a tax-deferred of tax-FREE account—use an IRA if your employer’s options cost more than 0.15%. Rule 3: invest the same amount each payday. Market timing and stock picking do not work over time. Rule 4: Cost is the best predictor of success. You can plan for retirement the correct way and have a $1 million when you need it.

Use Buffett’s advice: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

 

 

 

 

 

?**********ACCOUNTABILITY**************?

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trump engaged in a "criminal conspiracy" to stop Biden

 

“I don’t f—ing care that they have weapons”

 

Trump was “detached from reality”

 

Trump used mafia-style intimidation on the defenseless

 

Parscale: “a sitting president asking for civil war.”

 

Trump: “Just say the election was corrupt and leave the rest to me” 

 

GOP fascism: “RINO hunt armed; no bagging limit” J6 comm threat

 

Trump’s Supremes END personal rights & state laws except for weapons WMDs

 

Fascism: GOP to stop women leaving state for abortion

 

It’s not a court. It’s a junta: Two Americas

 

Trump: President Biden is 'enemy of the state'

 

 

Nov 8 2022 Trump’s “national revolution”

 

Jan 2025 Dictator pardons himself

 

How Govt wastes our money:

$45.6 billion unemployment scam: 205,000 SS numbers of dead, prisoners: trick gov

Trump avoids suit over rape charge as government employee: defamed victim Carroll

Congress confirms members make $ millions on insider trading on secret info  we can’t

 

Biden sanctions Putin for stealing Ukraine: real sanction: Steal St. Petersburg for Finland

 

SCAMS/SPINS:

Gaetz (R-Fla.) beats sex-trafficking charges: prosecutors fail to charge: fear lost jobs

Meadows was top lieutenant for Trump’s coup to overturn elected government

Avoid IRS Text Message Scams: IRS doesn’t text call or email—letters only

 

Owners Hometown Deli NJ caught pumping own security, fraud, laundering

Lombard International, others caught marketing PPLife Insur as tax shelter for rich  

Regions Bank caught illegal surprise overdraft fees: customer refunds

MoneyLion Technologies caught illegal and excessive charges on servicemembers 

 

Royals want fees: TV footage: Queen death ceremonies, march, grieving, crowds, etc

Weird stuff people make up for attention on media: https://truthinadvertising.org/

GOP OKs Gaetz child trafficking: FBI "disgrace for the ages": GOP defund FBI

 

Christian Nationalism Poses Threat to open Society: ethno-racial, authoritarian, moralism

 

Priests exempt from reporting predator of known child abuse: predator keeps abusing

 

Recall: 70,000 of Kia's Sportage and Sorento: catch fire automatically

Citroën invents cardboard car: running out of affordable metal?

 

US essentially run out of the 155 mm howitzers: we don’t have skills to make more

 

US to “respond decisively” if Putin uses nuclear weapons: Kill everyone on Earth?

Trump: “if we had them [nuclear weapons] why can’t we use them”

 

Jobs

JPMorgan to hire 1,300 advisors in wealth management division in the next three years.

Fake Job Scam: hire buys own equipment: fake reimbursement check: app has all data

CA to allow industrial buildings to convert to housing units: are they affordable?

 

Top employee perks to keep staff satisfied: when they ask “how are things going”

 

Who owns your account now?

55% wish they could delete themselves from the internet: tips to delete

Top five companies: some not available in your area

Fiduciary rule postponed again: sellers don’t need to prove they have right product

 

Miracles:

Warming: world’s fastest-sinking cities: water withdrawn from underneath soil

Alzheimer's Drug lecanemab reduced patient clinical decline by 27%

ALS drug gets FDA approval

 

Ancient viral genes have evolved to defend the brain against present-day infections

 

 

 

 

@

Light is both a particle and a wave depending on how we look at the light.

I don’t think that there is any such thing as a position or a velocity of a particle.

Everything (galaxies to stones) in universe made of subatomic energy ‘vibrations’

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!

There is no TIME at this level because of force fields come and go in all directions. 

Universe expanding: events may not come together like they did before.

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.

The electricity we use comes from the field around the wire not from election itself.

 

 

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/

 

Your RMD will tell you how much you need in retirement

 

Your RMD will tell you how much you need in retirement

When you save for retirement in a 401k, 403b, IRA, or other deferred taxation account, you will need to pay the tax when you retire using IRS rules. The required minimum distribution (RMD) will be about 4% of your total of all your deferred account balances every year beginning at age 72. The formula recalculates each year based on your previous year’s balances and your rising age. Your mutual fund company or broker will do the calculation so you don’t get a penalty for a mistake. However, to answer the question how much do you need to save, you can use this handy AARP calculator. https://www.aarp.org/work/retirement-planning/required-minimum-distribution-calculator.html. Here is an example:  If you’re 72, for example, the distribution period is 25.6 years, based on the US life expectancy. Then divide your balance by the distribution period. Let’s say you have a combined $100,000 in your tax-deferred retirement accounts. $100,000 divided by 25.6 is $3,906.25, which is the amount you must withdraw annually. If you are in the 25 percent combined state and local tax bracket, you’ll owe $976.56 in taxes on your RMD. The tables change as well as the US life expectancy, so don’t use this calculator to determine your RMD for yourself. You can take your RMD out of one account, or take bits from each one, so long as you withdraw the required minimum. You can take more.

https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

 

It can’t get much worse

The S&P 500 growth-leaning stocks are down 22% YTD. If you are concerned you should buy this index in a low-cost fund since over most history, this index has regained its strength within a year. The exception was 1973 when the whole banking system collapsed. We don’t have that imbalance this time. The stock market has fallen back to the level it was in March on 2021. More likely the high employment and thus consumer demand will help provide impressive future returns. The alternative is taking your losses and moving money to 3% CDs for 15 months. No one knows for sure so when your brilliant advisor suggests an alternative be sure to query their analysis. Keep in mind that low-cost index returns have been tested over time: “In every single time period and data point tested, low-cost funds beat high-cost funds.” That goes for every sector of the economy too.

It’s your money: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082

 

Ideas that wreck our investment success

“I hold on to losing stock because I must wait to recover my losses.” This means we are too emotionally attached to a fantasy. “My stock pick rose 10 days in a row. I’m a genius picker.” This means you had beginner’s luck and look out! “My pick’s success prove that my next one will also be a success.” This means your luck is derived from a growing market where all boats rise with the tide. “My picks were also chosen by the Journal. I must know something about picking winners.” This coincidence means another of the millions that follow stocks saw what you saw. “My last 3 picks have been losers so my next pick will win.” This means you are a gambler not an investor. “I got a bonus at work I did not expect so I am blowing it on this stock.” You are a gambler. Take Buffett’s advice and become an investor in great companies for the long haul.

https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963/

 

Ideas that ensure investment success

Investment success is defined as reaching your goals long-term. Investing is not gambling where you are looking for a short-term windfall. Investing in the companies that make things or add value to the world require commitment to putting money into expansion with the hope of gains later on. US companies as measured by the stock market price and dividends have shown compounding wealth at about 11% per year on average over time. History of annual gains are recorded here. From 1871 to 2021 the growth rate is 11%. When you compare the stock market returns to other asset returns, you find the equity index holds at 11% while the gains for different assets are much less. Equity accounts managed by ‘professionals’ earn more for all time periods. Costs matter. Over 30 years the difference is stark: 11.06% vs 3.79%. Thus the ‘safest’ investment is a stock index fund that is continuously funded in order to maximize the “miracle of compounding.” Contribute $9 a day, $250 a month and own $2,000,000 in about 40 years. Use a tax-FREE account with a low-cost stock index and pay no taxes on your gains.

https://www.amazon.com/New-American-Retirement-System-Reserve/dp/1461030072

 

Cut taxes in retirement

If you feel you are paying more tax now than before you retired, consider these options. First, you must pay income taxes on the money you saved in a tax-deferred account at work. You may also have to pay tax on your Social Security benefits. So you may be able to convert a portion of your IRA to a tax-FREE future by staying in your current tax bracket. Your tax preparer can help with this calculation. Second, tax on capital gains is lower than on income so take some gains. Third, consider not selling assets this year. Fourth, plan charitable giving so you maximize your deductions. Fifth, delay taking or making taxable income. Rental real estate or other self-employment is a great way to defer taxation. Sixth, switch investments to non-dividend paying securities that diversify your portfolio. Buffett’s Berkshire Hathaway is one with many different subsidiaries. Market index funds are tax efficient.

https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977/

 

Employees say they don’t want traditional “retirement”

84% of employees say they want ‘financial independence’ not traditional concept of retirement. 55% say they would give their employer more personal data in return for personal financial strategies. However, employers don’t really want to provide strategies for their workers. They already have shifted the burden of ‘financial independence’ to workers by canceling paid pensions. Now some employers are not even meeting basic fiduciary requirements in their 401k plans. Workers must decide on the amount of contributions for a comfortable future income stream. They must also choose which investment options to use in their savings’ plans. However, because workers are not able or capable of making these complicated decisions, employers are essentially wiping their hands of this responsibility. Actually employers do not want ANY responsibility for their workers future financial success or failure. Workers have had to sue employers just to be fair with their savings plans. Employers sell workers the most expensive version of their company stock, the most expensive mutual funds, and the investment options most beneficial to the plan administrator or broker.

https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

 

Advisor/broker must follow the new communication rules

They can’t lie/misspeak to us anymore:

1. Includes untrue statements and omissions;
2. Includes unsubstantiated material statements of fact;
3. Includes untrue or misleading implications or inferences;
4. Fails to provide fair and balanced treatment of material risks or material limitations;
5. Fails to present specific investment advice in a fair and balanced manner;
6. Cherry-picks performance results or otherwise presents performance in a manner that is not fair and balanced; or
7. Is materially misleading.

They have to keep a record of what they communicate by any means. The modernization of archaic regulations has seen digital platforms enter the SEC’s jurisdiction, and compliance demands are about to increase drastically. They can still talk a great game so we may need to record a call.

 

?**********ACCOUNTABILITY**************?

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trump engaged in a "criminal conspiracy" to stop Biden

 

“I don’t f—ing care that they have weapons”

 

Trump was “detached from reality”

 

Trump used mafia-style intimidation on the defenseless

 

Parscale: “a sitting president asking for civil war.”

 

Trump: “Just say the election was corrupt and leave the rest to me” 

 

GOP fascism: “RINO hunt armed; no bagging limit” J6 comm threat

 

Trump’s Supremes END personal rights & state laws except for weapons WMDs

 

Fascism: GOP to stop women leaving state for abortion

 

It’s not a court. It’s a junta: Two Americas

 

Trump: President Biden is 'enemy of the state'

 

 

Nov 8 2022 Trump’s “national revolution”

 

Jan 2025 Dictator pardons himself

 

How Govt wastes our money:

Migrants lured onto MA flights: false promises of housing and jobs: Nazi trick Jews too

Even TX GOP Cruz says kidnapping people is illegal: Hitler got popular by this trick

Northern states will send homeless population to deSantis’s warm climate for winter

 

Can a TX sheriff really indict FL gov DeSantis for migrant ‘relocation’ program?

Conspiracy Theorists Want to Run America’s Elections

NJ Court Strikes Down State Law That Gave Millions in Tax Breaks to Casinos

 

Fed: loss of jobs price we pay for higher inflation from huge corp profits

Can Congress actually reform the vote count process: Trump’s next ‘coup’

Trump will delay his legal jeopardies until GOP prez can shield him from prison

 

Aimee Bock MN caught theft $200 million for hungry kids’ food: fake docs

John Davis MS caught diverting federal funds for needy to own projects/friends

 

Are we really ready to soldier another foreign war? We declined fighters for Ukraine

 

SCAMS/SPINS:

GOP sex trafficker Gaetz sought pardon BEFORE arrest: only guilty need pardon

Trump OH rally of his Q “army”: uncanny resemblance to the infamous Nazi salute.

 

Trump warned last year about stealing US documents by his lawyer: dictator’s act

Trump’s immigration plan: bus murderers, rapists, criminals to Dem cities in 2019

GOP NM candidate offers chance for firearm for $100 donation: getting serious

 

GOP plans to reduce Social Security benefits: Congress can’t fix scheduled cuts 2034

 

Biden thinks ‘pandemic is over’: my town is giving Boosters for Covid weekly deaths

 

Biden calls the Queen “decent”: ‘people need decent homes’

 

Boeing caught misleading investors, public re: safety of 737 Max: kill 346, fine no jail

Shawn Everett Good NC caught Ponzi and laundering: promised low-risk

Morgan Stanley caught failing to secure personal data of millions of customers fine

 

Waddell & Reed caught for overcharging: keeping clients in wrap fee accounts fine

John Mendes, CA caught profit insider trading on friend’s info of acquisition fine

James Arthur McDonald Jr. CA caught risky trading lost $millions for clients

 

SCAM: 10 top scams on teens: media, shop, ID, contests, grants, debt, auction, ‘freebies’

SCAM: Geek Squad service renewal is fake ignore and call the Geeks on your contract

SCAM: 42% of people still pay for subscriptions they don't use.

 

Media encouraged people to cook chicken in NyQuil  teens end up in emergency or die

 

Credit check: AnnualCreditReport.com is free: credit score from most cc providers.

Recall: Nissan pickup trucks: they move automatically (no driver) in park

Tesla recall 1.1 million vehicles windows don’t close in crash

 

Putin orders up 300,000 more reserves plus prisoners recruited to die like heros

Putin's Top Priest Tells Russians Not to Fear Death Amid Mobilization: just leave Putin

 

Jobs

Rich people got PPP bonus for not keeping workers employed

Scam jobs: pay fee, shopper, entry, envelopes, med billing

Jobs no current citizens want to hold: immigration is vital to future US survival

 

Ask for raise: Office work costs twice as much as home working

 

Who owns your account now?

3% interest for 15 mo CD: no minimum: emergency fund idea

10 Places to Get Free Online File Storage

National Parks entry is free on Sept 24 and Nov 11: https://www.nps.gov/findapark/index.htm

 

Best Free Antivirus Software for 2022: you have no excuse not to protect your data

Are the iPhone 14’s big changes worth another $800 + tax? Shakes, cut/paste, black out

 

Miracles:

Poverty in richest nation overcome by special programs for deadly sickness: wealthy too

photovoltaic glass: convert almost any glass sheet or window into a PV cell.

Cooling without electricity: future without warming outside?

Queen’s last trip in photos in case you couldn’t make it to London:

 

Gaza farmer unearths Byzantine-era mosaic

Above law: Trump could declassify with Executive Order: none for nuclear code/docs

Cancer death rates fall steadily in the US, with more survivors than ever

 

 

 

 

 

 

 

@

Light is both a particle and a wave depending on how we look at the light.

I don’t think that there is any such thing as a position or a velocity of a particle.

Everything (galaxies to stones) in universe made of subatomic energy ‘vibrations’

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!

There is no TIME at this level because of force fields come and go in all directions. 

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.

The electricity we use comes from the field around the wire not from election itself.

 

 

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/

 

Are your 401k 403b plan costs fair?

 Are your 401k 403b plan costs fair?

It is your money and you are trusting in your employer to handle your cash well. More employers are being sued because their plan costs too much, is run poorly, or has no unbiased educational component. Over time, “that little 2 percent fee will erode 63 percent of what you would have had.” Some plans provide benefits to your employer hidden from you. For instance, Wells Fargo was caught charging employees more for Fargo stock than was available from the market. Some plans are so expensive; your nest egg is not growing as fast as it could be. And some plans offer biased information about investment options that favor the boss’s investment advisors. Kickbacks are common. The best plans don’t cost a lot, provide fair options and provide fiduciary compliant help to you not your employer. Some large mutual fund complexes offer small employers the tools to establish a great plan. If your employer is matching your contributions, that’s great. If there is no match, you can do better on your own. Use a long-term tax-FREE account so that every dollar you invest works for you not your employer or their (employers chose the plan investment advisors and administrator). They take their cut BEFORE gains get to your account. Usually they do not disclose the amount it costs you. 

https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

 

How our representatives get rich using our insider information

Congress folks, who are supposed to do right by us, take advantage of secret meetings and information only they have to get and stay rich. They are above the law that makes insider information a crime if we do it. Martha Stewart went to prison for it. Congress gets more money for doing it. 97 lawmakers or their family members bought or sold financial assets over a three-year span in industries that could be affected by their legislative committee work. The most recent case: Sen. Richard Burr, R-N.C., told his broker to sell off more than a million dollars in stock because Covid would tank the markets. Burr called his brother-in-law, Gerald Fauth, who then sold off almost $160,000 in stock. Yes, you can work hard to pay Burr’s salary but you will never get this kind of deal. Congress makes the rule that allows them to trade on insider info but also the law that says you can’t. Getting rich the insider way, in Congress has been a long-time tradition since 1776. However ‘leading by moral corruption’ should not be the way of Congress people. And we have to pay their salary and Burr’s gains from our market losses. Just like in Russia, it’s socialism for the elites.

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

 

Study shows we don’t like inflation or market volatility

Gen Xers resist the idea of using a financial advisor. Forty-six percent of these investors said they prefer to have full control over their investment decisions, and 41% did not trust that financial advisors have their best interest in mind. Advisors do have a conflict of interest. Living off an annual fee of 1-2% plus taxes caused by frequent trading, advisors have a difficult time explaining why you pay fees on falling account balances. Despite the caution that you can lose money in any market, we don’t keep our eyes on the long-term rise in equity prices and dividends. It is hard to remember the trend of assets over time as show in this chart from Dalbar. Low-cost stock index funds reflect the fact that equities return over 11% per year on average. As one analyst said: for long-term investors this is certainly the time to accumulate.” Money management can take up to 63 percent of what you would have had. As Vanguard founder John Bogle puts it, “the tyranny of compounding costs” is overwhelming. Advisors take our money. The Dalbar data show that the average investor keeps only 3.79% after fees, trading, market timing errors.

Buy stocks not advisors. https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

 

What kinds of fees do you pay to your advisors?

You may be paying an annual percentage fee. If your account is $500,000, you pay 1-2% ($10,000) a year, taken quarterly. Advisor says: ‘There is no front-end charge or back-end load that needs to be amortized. You have flexibility.’ In other words you can trade to your heart’s content even though that creates taxes for you. You may like to have fees spelled out in advance. Securities have commissions and some have mark ups or spreads or ‘hair cuts’. Over time, “that little 2 percent fee will erode 63 percent of what you would have had.” You are paying retail not wholesale so you may never know how much your transactions cost. Brokerage firms charge ATM fees and advisors say your 1-2% annual fee is less than your ATM single transaction fee. Advisors claim your 1-2% annual fee covers all the no cost advice you receive all year. However, if you call for advice too often, you will find the advisor will stop returning your calls. They may give your account to another person. Every firm has their own charge schedule so always ask for the cost before you consult your advisor. Your alternative is to use low-cost leader Vanguard, whose funds are owned by its investors—no private owner.

Buffett endorses Vanguard: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Your alternative to life insurance

Most folks want to leave something to their family: a legacy. Life insurance pays a benefit to beneficiaries at death. Life insurance for most families is necessary during formative years. It provides income to family left penniless if the breadwinner dies suddenly. However, times change and fewer single breadwinners die young. Today term insurance may be provided by your employer. Today, many families have two working adults. Many have mutual fund retirement plans from employers. Even if your employer does not offer a retirement plan, you can create your own. Your mutual funds or brokerage account can pass to your beneficiaries just like life insurance. Unlike insurance, you don’t have to die to redirect your money for emergencies. Since Social Security does not cover everything in retirement, you may need your ‘legacy’ money to live on. Like life insurance, your legacy can go to heirs without going through a will’s probate process. Your family may collect in lump sum within a month or they can use an annuity-type monthly payment. You decide how to spend your money to the end.

Tax-deferred or tax-FREE: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

 

?**********ACCOUNTABILITY**************?

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trump engaged in a "criminal conspiracy" to stop Biden

 

“I don’t f—ing care that they have weapons”

 

Trump was “detached from reality”

 

Trump used mafia-style intimidation on the defenseless

 

Parscale: “a sitting president asking for civil war.”

 

Trump: “Just say the election was corrupt and leave the rest to me” 

 

GOP fascism: “RINO hunt armed; no bagging limit” J6 comm threat

 

Trump’s Supremes END personal rights & state laws except for weapons WMDs

 

Fascism: GOP to stop women leaving state for abortion

 

It’s not a court. It’s a junta: Two Americas

 

Trump: President Biden is 'enemy of the state'

 

 

Nov 8 2022 Trump’s “national revolution”

 

Jan 2025 Dictator pardons himself

 

How Govt wastes our money:

FL judge says Trump case against Hillary: “such pleadings waste judicial resources”

GOP leaders to pick electors not voters: GOP to outlaw state courts district decisions

Christian nationalism: TX judge cuts employer-sponsored insurance for preventions

 

Trump’s master can kill stolen-secrets investigation: “special rules” bec powerful person

Trump got Barr to fire Fed prosecutor Berman: eliminates threat to 2020 reelection

Trump may have already sold/traded top secrets he stole: 20 months to make a deal.

 

TX Attorney General sued for prosecuting anyone assisting choice folks

97 lawmakers/family traded assets on info affected by their legislative committee work.

IRS program to capture hidden wealthy taxes of $6.5 billion squashed by Congress

IRS is refunding a staggering $1.2 billion in late filing fees: your share of debt $145,191

 

 

Navy still claims UFO videos not available bec “national security”: our spaceship secret?

 

SCAMS/SPINS:

Police chiefs now claim never signed up for terrorist group: “friend signed” him up

17 Trump lawyers now subject to ethics violations: no pay and possibly disbarred

Eric Trump: “nobody has done more for Christianity” freedom: Let’s tell Jesus

Politicians destroying Jesus message for voter attention: versions of hate not love

 

POLL: 31% believe U.S. could be invaded by a foreign power in the next decade. 

Giuliani: September 11, 2001 being the “greatest day” of his life. Defending Trump 2^nd

"constitutional sheriffs" are taking sides: Trump’s ‘Big lie’ spread by public officials

CA sheriff gives you a gun for donation: donors trade money for LA packing license

 

Another Trump terrorist goes to jail for a couple of months: Robert Keith Packer

30+ Trumpists behind failed coup got subpoenas this week: “quiet period” starts soon

Trump apologist explains the crimes Trump committed … so far: selling gov secrets

NY prosecutor may go after Trump’s family to resolve fraud charges: like mob cases

 

Instagram caught failing to protect children’s data: fine by Ireland

Navient caught failed to steer teachers with student loans to loan-forgiveness programs.

Scott Adam Brander caught cherry picking trades give clients losers; fine, no jail

Marc Frankel CA caught with stolen funds for personal expenses: discretionary rights

Ambassador Advisors caught breaching fiduciary duties: receipt of 12b-1 fee revenue.

 

SCAM: thieves use your Facebook info to get your friends to fall for ‘government grant’

SCAM: gas prices down 25%: did Exxon, Saudis, find oil? Ukraine beat Russia? Fraud!

SCAM: some nursing homes charge people who signed admissions: it’s not your debt

Scams are showing up at the top of online searches: never click the link: go directly

 

SCAM: fraud alert from your bank about unusual activity: call from ‘bank’: use Zelle.

 

SCAM: avoid being gouged when you’re most vulnerable: a funeral of loved one

Wells Fargo caught overcharging employee plan for company stock. Fine, no jail 

Avoid overpaying for senior dental care: Medicare alternatives

IRS letter: don’t ignore; read and respond: IRS doesn’t call or text so hacker?

 

BEWARE: Auto-drive cars & AI systems are trained by biased whites blind to non white 

Two Americas: St. Louis’ Private Police: Security for the Rich

Rape victim gets prison sentence for fighting and killing her rapist: $150K to rapist estate

 

GOP to make women’s choice a national crime: national ban on women’s health clinics

 

Jobs

10 jobs recovered from pandemic

FL school children getting lessons in Ooh Ra language: Florida turns to military veterans

King hides out in a Transylvanian cottage: fixer upper bought ’98; Camilla secret meet  

 

Good jobs that don’t require a college degree: fly, manage, meet, talk

Avoiding the job scams that have robbed us of $68 million YTD

 

Who owns your account now?

Cruise ship experience vs expectations: BEWARE, you need many dollars for fantasy.

Best prepaid phone plans: $10 a month, $120 year,

Social Security cost-of-living adjustment, or COLA, for 2023 could be 8.7%,

 

IBM purchased annuities to transfer a total of $16 billion in U.S. pensions

Can’t read your car’s manual: Stellantis owns Chrysler, Fiat, Jeep, Ram, Peugeot, Citroën

 

Miracles:

Galleri blood test finds cancers; could detect pancreatic, colorectal cancers 50 more

British monarchy’s reign over the colonies may end with new sovereign: change

More states have exempting military retirement pay from state income tax liability

 

Jurassic dinosaur fossil will go up for auction in Paris: buy $½ million plus

A kindness list: small random acts of kindness keep us sane and human

Some Nuns and Bishops Are Taking on the U.S.'s Biggest Gunmaker.

 

Insurers force change on police departments long resistant to it: killing is expensive

Special benefits during Covid helped lower child poverty rate to 5.2% lowest on record. 

Wow victim must pay attacker estate $150K: folks donated $400,000 to help her out

 

CA condor is back from near extinction: 130 year return program

 

 

@

Light is both a particle and a wave depending on how we look at the light.

I don’t think that there is any such thing as a position or a velocity of a particle.

Everything (galaxies to stones) in universe made of subatomic energy ‘vibrations’

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!

There is no TIME at this level because of force fields come and go in all directions. 

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.

The electricity we use comes from the field around the wire not from election itself.

 

 

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/