Your Wealth Reserve: s “swing pricing” of mutual funds helpful to you?

Using your tax refund to build a tax-FREE retirement fund

What do you do with your refund? Most people pay bills they had put off already. They don’t have a choice. The car or home needs fixing and the IRS money is there. The average refund is $3,000 or so. That is your money that you we forcibly saved from each paycheck. A lot of folks need help saving money and that is a way to do it. You made an interest free loan to the spendthrifts in Washington. This year, start a new trend for yourself so you are sure you will have enough to do what you want in retirement. It is hard to save but the bonus is that if you save in a tax-FREE account; you won’t pay higher taxes later when you will need the money more. Inflation makes everything cost more in the future.

Prepare now: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

IRAs can be a life-saver in retirement

401k deferred taxation is great but you can make your retirement tax-FREE. There are two: Roth and traditional. Each has its own benefits. The Roth allows you to contribute money you already paid tax on so that later you can take the money and its possible enormous capital gains out completely tax FREE. Some wealthy people did this and avoid estate tax and tax on surviving spouse income. Most folks can use one or the other forms for income depending on their current income tax situation. You can make contributions forever as long as you have income—self-employment, part time, whatever. You never have to take distributions from a Roth—a great estate planning tool. You may use either IRA for a credit against your income. IRAs allow you to do your taxes first and then decide to contribute to the one that allows a possible tax deduction—by the April 15 deadline to file. Married couples who file a joint tax return can contribute to an IRA for each spouse even if only one person works. A Roth is a great substitute for funding a college education since there are no 529 college plan rules to follow.

https://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236

GOP vision of America’s future “freedoms”: what they are doing/will do

Children’s education reduced to DeSantos Conservative ideology

WV bans health care for transgender minors

FL wants to ban the Democratic Party as revenge for toppling Confederate monuments

FL DeSantis will have a veto-proof majority in both chambers: junta installed

Kids Carry concealed weapons without a permit back to 18

Block programs on diversity, equity and inclusion, and critical race theory.

TX takes over Houston Independent School District: GOP not parents will run schools

Death sentence without a unanimous jury.

Easy to sue journalists you don’t like

Further restrict abortions. TX man sues 3 women for helping his ex-wife obtain abortion

SC Republicans want the death penalty for mothers after abortion

Trump: military to ‘stop’ crime: martial law replaces civilian control of cities: dictator

Couples with 10 kids would have their property taxes cancelled under TX law

Catholic group spent millions to track gay priests: Russia or America?

30 GOP states limit public health authority: next pandemic wipes out million+?

AR Gov bans child sex talk and child labor law limits: roll back child labor protections

Child abuse?: kids under 16 can marry in West Virginia with parent consent

GOP repeals long-standing environmental rules: business to take ‘Freedom’ hand

FL Gov raises private army: 150,000 “brownshirts”, answer only to DeSantos

Pence: “History holds Trump accountable” but ‘I won’t help jail him NOW’: 3^rd Rail?

Have you taught your child how to make tax-FREE money?

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. I have used this 'Wealth Reserve' as I call it to have funds to buy low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a month in retirement supplement. Now your child can build an account that provides tax-FREE retirement income too.

Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

My reading list

After learning how Wall Street really worked, I found how to reach my portfolio goals without having to give the firms the earnings from MY money. Some analyst who don’t work for a firm estimate that the firms for profit take about 50% of my earnings over a lifetime of investing through an advisor, broker, or a ‘fiduciariary’. They get paid even if they are wrong. After reading a few books about investing, I learned I can keep ALL my earnings. (I do pay for this company to hold my securities and calculate taxes for me. Thanks to John Bogle, it costs me just 0.04% of my balance, not the 1.20%-2.00% of a balance at a brokerage annually. That is $200 of my $500,000 not up to $10,000 that others take from a $500,000 portfolio each year. I can let compound interest do its miracle on my money so I have enough after 40 years of contributions to my tax-deferred and taxable accounts. Compounding is Buffett’s little secret. I can earn 11% not 3.79% each year on average over time. Stock pickers can’t beat the 500 top company returns over time because they cost too much. Reading List: A random walk down Wall Street, Little Book of Common Sense, The Only Investment Guide You'll Ever Need.

Set yourself free of fees: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

Avoid Tax on IRA contributions

To avoid the 6% tax on excess contributions, you must withdraw: the excess contributions from your IRA by the due date of your individual income tax return (including extensions) and any income earned on the excess contribution.

Avoid the early withdrawal penalty: If you take money out of your IRA before the age of 59½, you might pay income taxes on the money plus an additional 10% penalty.

Avoid the penalty if there is an immediate and heavy financial need, and limited to the amount necessary to satisfy that financial need: The rules are complicated so seek help. Avoid taxes on failure to take your RMD on time: If you don’t take any distributions, or if the distributions are not large enough, you may have to pay a 50% excise tax on the amount not distributed as required.

Avoid the HSA contribution penalty for Medicare recipients: you should make your last HSA contribution in the month before you turn 65. That way, you can avoid a penalty. It’s also possible to avoid a penalty if you make your last HSA contribution in the month before you turn 65 if you sign up within two months after your initial enrollment period ends.

https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Have you taught your child how to make tax-FREE money?

Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

Is “swing pricing” of mutual funds helpful to you?

Financial industry leaders are staunchly opposed to a new SEC regulator’s proposal that would implement "swing pricing." It is "a mechanism that's designed to pass on the costs of coming into or out of a mutual fund … to the shareholder that is doing the activity." If you are a saver for retirement you should NOT have to pay for people who buy and sell fund shares regularly. This activity puts the costs on you even though you did nothing. The redeeming shareholders bear the costs of transactions, rather than diluting other shareholders’ values. The industry fears that larger institutions will not be able to transact last-minute trading before 4PM as ordinary investors must. Institutions have been allowed to ‘sneak-in’ trades AFTER the deadline if they think this is to their advantage. Ordinary investors are not allowed to wait to see they have a profit to “lock-in” at the official closing.

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