Why the
“Fiduciary” advisors that advertise on TV are not really fiduciaries
This
chart is all you need to know about “fiduciary” sales people:
In every
time period, a financial advisor even a fiduciary (column 1) managing your
Equity Funds provides you with poor returns compared with holding an index fund
of the S&P 500 which holds stock in all the largest US companies. Very low
fees and no trading or market timing beats 90% of all money managers because
despite what they say they don't know the future. Over time you earn 11% per
year compared with 3.79% from the average paid advisor. Every year one in a 10
advisors may beat the 500 index but the winning advisor is different each year.
Advisors and their firms have to be paid. Fiduciaries must give you advice
that benefits you not them. They seldom recommend the best security: a low cost
S&P 500 fund.
https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373
Annuities you may already have
Advisors and brokers sell annuities because they pay the
most revenue. The benefits are guaranteed income. However, inflation takes ½
the payout value over 20-25 years unless you pay a lot extra. Annuities provide
an income floor so you always meet your basic needs. Annuities can provide a
guaranteed earnings floor. You will never lose money in the stock market.
However, if the guaranteed earnings are ravaged by high inflation, your annual
earnings will be less than $0. You can’t get all your money back if you change
your mind. Annuities cost more than other types of retirement income streams.
For instance, your Social Security benefit is an annuity with an inflation
guarantee you can’t beat. If you invested in an employer pension (401k, 403b)
and IRA, your IRS distribution requirement is a great annuity—you
must take an amount calculated to last the rest of your estimated life span.
It is calculated on your account balance from the previous year—every year. For
most of us the distribution is handled automatically by our mutual fund company
without charge. SS benefits and IRS tax tables are guarantee by the
https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573
What to cut now before recession hits hard
Finance charges on credit cards just touched the highest level on record, according to government data from 1970s. In fact, investors are planning on the extra profits from the higher credit rates we will have to pay. With the financing costs of buying a more expensive new car also reaching levels not seen for a while, you may have problems with the monthly payments later. The longer it takes to pay these finance charges off, the higher the costs of the credit card loans we pay. Save on vacation firms that NEED money. Save on eye glasses, bank fees, wireless, pet costs, hospitalization mode, Term insurance rates have come down. Most of us don’t need any other type of insurance because our savings will cover any final expenses and legacy. Forget the new car; go for the 3 year old version. Not much new for bells and whistles. Some used cars are good for 200,000 miles so you can invest that $400 new car monthly payment. Over 10 years in a low-cost index account, this investment may provide you with $80,000. Using an advisor, you waste $10,000 or more. Advisors cannot beat a low-cost index fund because they must be paid. Over time you may give up over 63% of your potential earnings. Cut vehicle insurance too.
https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/
$50 low-cost index funds are a bargain for new investors
There are ETF (exchange traded funds) that you can buy for about $50 and pay minimal annual fees. This is the easiest way to begin investing. If you use automatic monthly contributions to a Roth IRA account, your money compounds at low cost. Over long periods, you may accumulate an account of up to $120,000 because an advisor is not charging fees or commissions. In a bank, you may end up with only $18,000 and you will owe taxes every year. With a Roth IRA, your withdrawals may be tax-FREE.
Start now: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355
How to survive if GOP uses SS Medicare Veterans Disabled to lever Biden
US has started
"extraordinary measures" to avoid
paying our bills: suspend
contributions to funds of gov workers and state borrowing securities. Will
the GOP force cutting SS, Medicare? Some of them helped criminals attack our
Congress so we don’t know what they may do. If they bankrupt us, how can we
survive to pay our medical, food, shelter, and transportation critical needs?
These are the resources my readers tell me are their shields against these seditionists.
Some readers have an emergency fund in a bank or balanced mutual fund. Some
have a home equity line of credit that did not cost them anything to set up. Others
have enough income from a non-Federal pension, annuity, or mutual funds to get
by. Most have unused credit card lines to close any emergency short fall. A few
have been building a tax-FREE Roth mutual fund that allows them to take out
their contributions without a penalty.
https://www.amazon.com/dont-have-money-Financial-Emergencies/dp/1537636707
?**********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:
US
has no more money as of Jan 19: GOP wants to let us go bankrupt: cut SS
Medicare
No one thinks
reversing Trump tax cuts: $2.3
Trillions would be available for our debts
Cut
deficit $1 trillion reduce “tax gap” the difference between rich owed and
paid taxes
Statehouses
try to raise taxes on the rich: What are the chances
of tax to pay natl debt?
NASA will
spend $425 million to develop greener commercial jets: NASA not an airline
US has started
"extraordinary measures" to avoid
paying bills: cutting SS, Medicare?
Supremes found that
no one stole their secret Roe paper: Supremes
not investigated
SCAMS/SPINS:
GOP
to expunge Trump impeachments: OK to try overthrow gov: dictator
to rule
Hate speech drawn to Musk’s new Twitter: one
place to get our hate fix daily
GOP loser hires assassins:
shoots Dems in their homes: missed child by inches
FL to ban masks and vaccines: de Santos’s law to restrict
freedom to avoid Covid
Covid deaths have
doubled since Nov 22: My neighbor got his shots but mask junked
Will Trump and Biden get a 5
year sentence for stealing gov secret documents?
Santa Rosa Catholic Diocese planning bankruptcy
after new sexual assault claims
Trump,
lawyers sanctioned nearly $1 million for 'political' lawsuit vs
list-of-unwanted-calls-reported-to-federal-communications-commission
Tesla caught using fake
auto drive video to sell: can’t stop at red/can’t go at green lights
Aspen Dental caught
deceived purchase services and products advertised as “free” fine
Lori E. Deveny lawyer caught
stealing $4.5 million health care ins checks jail 8 years
Call Title lending caught
charge 119% to 179% so never pay off principal: TitleMax
5
Cable TV Companies are taking more from
your bank account: fees + commercials
Santos
elected with Russian money. Con man took
Dem seat: Putin man in Congress
Jobs
15
Best Financial Business Jobs in 2023: Accountant,
Loan officer, etc
fastest-growing-jobs-of-this-decade
Skills needed for remote worker
15
Best Occupations for Being Self-Employed
Who owns your account now?
File IRS tax return Jan 23 free efile; Last year, the average refund issued was $3,176.
Townhouse
vs. House: which is best for you?
Compare how
your advisor’s advice did in 2022. 2022-classic-periodic-table/#
Wall Street makes forecasts for rivals not for real investors: tricks are key to competition
Miracles:
Less smoking and
more screening are two of the factors driving the drop
in the death rate
Breakdancing
will debut as a sport at the 2024 Olympics: yes a sport with trophy
@
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/
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