$1,000,000
retirement fund from contributions of $250 a month
Keeping your
contributions in a low-cost tax-FREE account is the easiest way to make sure
you have enough for retirement income for life. The contributions of $250 a
month must be steady (automatic investing). You must avoid any advisor charges,
stock picking or trading. Your best investment option for your long-term goal is
a low-cost stock-market index since you own shares in the largest 500
https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268
Where is your
portfolio as market gains 6% YTD 2023?
Is your advisor
waiting to re-enter the market? Sometimes market jumps are huge and if you are
not in it, you lose. It may take time to recover the 20% drop but you won’t be
able to if you are sitting in cash. Buffett has said that we should not bet
against the
https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
How much do you give
up by investing through an advisor?
One analyst has
estimated that over time, you
give up 63% of your eventual total return by using “professionals” who
claim they can improve your money management. However, they must sell expensive
products and charge fees to stay employed by their firms. Financial firms are
in the business
of transferring your money to theirs. You pay every quarter or every
transaction no matter how well or poorly your account does. But most folks
don’t even know they pay costs. Because of 2022 negative returns more
of us are changing advisors. But advisors could not predict the bond
fallout or the equity downburst.
We are more likely to need a psychologist to handle our expectations. We panic
because we think of our security
accounts as bank accounts. If we consider investing in companies as a
partner in good businesses, we would not panic during a global pandemic. For
long-term investors, there is no better asset class than equity indexes. This chart
says it all: Over time, owning the 500 largest equities at cost provides
11% per annum. Buffett proved it: Vanguard
500 Index beat 6 hedge funds.
https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373
The most important
financial lesson to live by
“My wealth has come
from a combination of living in
Learn: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513
How to have $
million dollars tax-FREE for retirement income
The simplest way to
end up with an adequate retirement income is to follow Warren Buffett’s
strategy. You don’t have to pay Mr Buffett for his advice—he is not a broker or
advisor. He does not write hypotheses for a Wall Street firm. He does not
change his advice on which stocks to buy from month to month. He proved his strategy by
betting and winning against 5 hedge fund gurus. He says buy low-cost Vanguard
funds for your retirement. Since most of us can only invest once a month, if we
contribute $250 a month to a special tax-FREE account, we can end up with $1,000,000
in 34 years. Since this account allows us to take the money out without
income taxes, we will have more to spend in order to overcome the drag of
inflation and advisor/broker costs. He recommends funding a retirement account
directly by avoiding Wall Street entirely. You can earn more by paying less and allowing the Miracle of
Compounding to work a miracle on your money. A low-cost account allows us to invest
just $102,000 total over 34 years and end
up with TEN times your investment. No advisor/broker can accomplish that
Miracle. Confirm how this happens without an advisor/broker picking stocks,
buying and selling, charging when they lose money. Check it: set the 34 years from
1989 to 2022 in this annual market rate calculator using the 11% average
annual return.
https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
What to do when your
long-term care policy premiums triple
Insurance companies
used a number of bad assumptions or tricks when they sold you the policy over
10 years ago. Recently, almost everyone’s premium has skyrocketed. The state
regulators (funded by the insurers) have rubber stamped almost all rate hikes.
If you are stuck, the insurer will cover their mistakes by reminding you that
you signed a disclosure that protects them from any responsibility. Ask
the company what your options are. 1. Pay the increase like every insurance
policy. 2. Reduce the years of cover since the average stay is under 8 months.
3. Reduce the daily benefit instead of any inflation-protection benefits. 4. Reduce
the years of cover for the male since most females will live longer. 5. Reduce
the benefits with a paid-up policy. 6. Take a cash buyout if offered. Add this
cash to a low-cost well-run balanced mutual fund like Vanguard’s
Wellesley Income Fund. Since most policies are used to pay in-home care
giving services, you may have enough funds from other sources to pay for help
at home. Medicare
covers rehab costs after a hospital admittance. Remember very few people
need expensive long-term care in a facility. Add the amount of premiums to your
retirement account since most of us won’t use a policy but we will need help
sometimes.
https://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X
Retiree plan changes
Medicare can negotiate drug prices. In
2025, no enrollee will be required to pay more than $2,000 out of pocket per
year. RMD age requirement moves from age 72 to age 73, starting on
Boost retirement income: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224/
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
The
Path to Dictatorship: 2010-2030
Parallels of this era in the past
may hint at our future: democracy breaks apart legally
Billionaires
paid $881 million for votes in 2022
midterm elections
Nov 2020 Wealthy
discredit election process
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
Trump still terrorizing
election woman
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
January
6, 2021 “A
date which will live in infamy”
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'
Christian
Nationalist Party (CNP) replaces
GOP
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
The Cost of Extreme Wealth: 200
millionaires want taxes; not bleed SS Medicare folks
Coal-oil-farm-Boeing-corporate
offshoring subsidies raise deficit: middle
class pays more
Many
corporations fix their tax rates to 0%: 2 sets of books. friends
in Congress get paid
Former
senior FBI official accused of working for Russian: who can we trust?
GOP puts Greene
plus omicron deniers (Dem’s hoax) on Pandemic Committee: US doom
GOP
leader reinstated to hate, misinformation networks: dictator has his
megaphone back
SCAMS/SPINS:
WW III begun: Blitzkrieg
on Putin is what Germany feared: only US
knows Abrams
Eleven of 17 House committee chairmen voted
for end democracy: "big lie" supporters
2022 tax changes: Congress
removes benefits from Covid era
Don’t
File Your Taxes Until You Have These 7 Things
GOP
leader tells his followers NOT to cut SS and Medicare: Trump warns
AZ
GOP legislators curb transparency of their own gov business dealings: hide
mistakes
What ‘freedom’ means for GOP
extremists: I
do what I want: F..k everyone else
Self-appointed militia (not National Guard) guilty
of trying to overthrow our government
Despite the mass killings recently, Americans,
their kids chose guns to solve their problems
More
than 1 in 10 older folks live in poverty: 10.3% in 2021 and rising
Luxury
hotels post fake online reviews to
compete: who can you trust?
Tmobile
37 million customers’ addresses, phone numbers dates of birth hacked: “no
problem”
6
year old shooter “acute disability” able to avoid school search: all
shooter “disabled”?
Tells
of a used car from a flood: carpet, moist spare, door sill, etc
Ford recalls
462,000 vehicles camera failure
Hackers: Online
and mobile advertising is complex, murky business: our data is theirs
Environmental
Charity Scams: emotional appeals best for taking our money
Lobbyists
given $millions change TX law allowing casino gambling: Abbott, Patrick pd.
Celebrities
probably know nothing about the products they endorse: not
evil just greedy
Santos
wooed investors for alleged Ponzi scheme:
Binance
moved $346 mln for seized crypto exchange Bitzlato
21%
of respondents did not think that they paid any fees on their investments
Doesn’t
matter what the motive is for mass murder: semi
auto guns not for hunts but kills
Jobs
New
Hiring Trends Job Seekers Should Be Aware Of
Who owns your account now?
Credit card bonus offers plus no interest for a year or two.
SS survivor’s benefits: only a third of those who lost a spouse applied for benefits
Best
free backup software: check specs
“Impossible”
to hack blockchain crypto systems are hacked: you lose money
Securian
Financial's Wealth Unit to Cetera: 1,000 staff; 30 independent firms
According to the IRS, almost 90% of taxpayers use the standard deduction.
Miracles:
Ancient
Roman concrete give the material self-healing capabilities: fix
bridges/roads
Active
military tried to overthrow gov despite swear to defend Constitution
BEWARE: ChatGPT
says it takes 9 women 1 month to make a baby
An ant’s sense of
smell is so strong, it can sniff
out cancer
6
ways to slow memory decline and lower dementia risk
Local
NJ residents organize to stop book ban by conservatives: FL
makes it felony
Brazil
using Ap to help end hunger’s large number of families
@
Our Universe is Mind-Blowing
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 a little
Energy into matter: scientists
converted light energy directly into matter in one step
Physics Nobel Prize:
“entanglement” 2
particles share info instantly at a distance
“It may be that gravity and quantum mechanics are
exactly the same thing,” Leonard Susskind
Gravity
might induce the collapse of quantum vibrations into 1 quantum state—our
world
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.
Gold
made from neutron stars: collisions produce more neutrons:79 protons,118
neutrons
The proton
is so complicated science still finds new energy entities/forces every
year.
“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.
Scientists
build 'baby' wormhole as sci-fi moves closer to fact: inside quantum
computer
starts-with-a-bang/universe-expansion-not-accelerating/
@
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
http://www.theinsidersguides.com/
Alerts available
at http://dankeppel.blogspot.com/
