It is hard to know
how much we need for retirement income
According to one
survey, 47% of respondents have less than $100,000 saved for
retirement. With Social Security benefits, this amount will likely require
much thrift in spending during our senior years. Almost half of the participants—43%—believe
they can retire with less than $500,000 in savings. Given that inflation
will decrease our nest egg by HALF every 20 years; this will leave us with
about $1,041 a month. The average monthly Social Security benefit among retired
workers is about $1,666.
That’s about $2,707 a month. Clearly some of us are going to have to keep
working to make ends meet. Lack of money in retirement, not saving enough and
not paying down debt are the three regrets
of many retirees. Do something now: find an estimate of your retirement income
at retirement-income-calculator.
https://www.amazon.com/You-Can-Afford-Retirement-FEE-FREE/dp/1517738253
Investors learn picking
winning stocks is too hard
It is almost
impossible to pick the stocks that will beat the market overall. Most advisors
need to sell their firm’s favorite stocks for a profit so buying a low-cost
index is rarely recommended. Proven over and over, money managers are really
terrible at finding the next “big play.” There are too many variables and
unknown conditions for even the smartest computer/analyst to pick the right
ones for the immediate or even the long-term future. So most experienced
investors follow the advice of the proven masters of investing— Warren Buffett
and John Bogle. The index of all or the largest stocks promises to provide
long-term investors with the best chance of success: diversification, low-cost,
solid 10% returns and ease of use. You can use either the fund or ETF
(brokerage account) versions. You grow your money in a tax-FREE or tax
deductible account. The best part is you never
have to be anxious about your stock picks. Investing is not gambling;
it is owning profitable businesses.
https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963/
Is pay-per-mile
insurance right for you?
With pay-per-mile,
you pay a few cents for every mile you drive, which could translate to a much
lower monthly rate. Drivers who travel fewer than 10,000 miles per year may be
able to save money with pay-per-mile. This cover may be right for those who
work from home or have very short commutes. Pay-per-mile could save you a small
fortune compared to traditional insurance. College students, seniors, public
transit riders, and anyone who drives less than 30 miles daily can save. Remember
that the insurer’s meter also tracks the quality of your driving. Slow down,
drive deliberately.
https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/
Save on insurance
you don’t need
Travel insurance may
not cover your event since there are usually many conditions you may not be
informed of at purchase. Collision coverage might not be worth it if your car
is especially old. Home warranties are another contract that must be
researched—there are few pros. Identity theft is not preventable—the coverage
does not stop criminals—it only helps pay for repairs, which may already be
available in homeowners or credit cards cover. Dental insurance through work is
a bargain. If you buy cover, it pays little on your big bills like root
canals and crowns. Child life insurance is a waste of money. It is better
to put the premiums into a mutual fund that could grow to $25,000 over time. If
you have auto cover, you don’t need rental car coverage. Your credit card may
extend the manufacturer’s warranty instead of buying extended warranty
insurance. Take a look at the AVMA’s guidelines for pet health insurance policies and know
what to watch out for.
Save on all insurance
by investing in your emergency account: https://www.amazon.com/
Industry-Insiders-Guides-Buying-Insurance/dp/1466435712
Is gold a great
investment for uncertain times?
Gold is not what it
seems. Gold is a commodity and the price change is determined by supply and
demand. You probably think a bar holds its value. But most of us don’t buy a
bar for long-term security. We buy gov Treasuries for security long-term. Most
of us think gold
vehicles are better than stocks for the long term but that has proven wrong
time and again. The S&P
500 Index of stocks had a 10.43% average annual total return between
1970 and 2022, according to an analysis by Securian Asset Management. Gold had a 7.7%
return over the same period. The price of gold, which is often viewed as a safe
haven, typically jumps during times of fear and economic malaise. This makes
gold a speculative investment for short periods of stock market falls. Folks
rush into gold when afraid of a crisis like now but the S&P 500 has already
passed 19% gain in 2023. Over
time stocks outperform gold by 3 to 1 ratio.
Go with Buffett: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
The wealthy are
bargain hunters just like you
Yes, many wealthy
working people got rich and stay rich by shopping for the best price/value for
their situation. They got wealthy by saving and avoiding wasting money on stuff
they did not need. You may do the same but the wealthy got that way by doing
bargains for everything. They don’t pay their financial services person 1-2% of
their portfolio every year. That $5-10,000 a year savings goes straight into
their low-cost mutual fund account. They may have invested in Apple, MS, Amazon
and other stocks early so now they are sitting on $1 million worth of
securities. They use those securities to take out loans for investment or for
current expenses. They don’t pay taxes on those loans because they are loans
not INCOME. Income is taxed. Read how some of the working millionaires have
done it in The
Millionaire Next Door.
https://www.amazon.com/Working-Millionaire-Tax-FREE-Self-insure-Self-fund/dp/1460945484
A wealthy person
used tax loophole to save $38 million
Most of us can’t use
this loophole to save taxes. However, when the rich receive a tax deduction,
those unpaid taxes must fall to us to make up. For the ultrawealthy, donating
valuables like artwork, real estate and stocks to their OWN charitable
foundation is an alluring way to cut their tax bills. In exchange for generous
tax breaks, they are supposed to use the assets to serve the public: Art might
be put on display where people can see it, or stock sold to fund programs to
fight child poverty. Across the
You can avoid paying
their tax in the future: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976/
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
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
govt overthrow 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
Apr 9 Illustrated
Anne Frank book removed by Florida school
Apr 21 Trump: “I
am your justice”
May 9 Trump
guilty of sexual abuse
Jun 8 Trump
indicted by the United States of America
Violation
of the Espionage Act
Conspiracy to obstruct
justice
Making false
statements
Jul Trump indicted by the
Violation of the Electoral
Count Act
Conspiracy to defraud the
Witness tampering
Conspiracy against rights
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
While Earth burns: NASA
spending $ Billions to look for aliens not climate fixes
Private Foundations allow
Ultrawealthy
to take Tax Deductions: we pay their taxes
NRA tells GOP: stop
funding gun-violence research
NASA
wastes $300 million on nuclear rocket to Mars yet people
sick by space travel
NASA wastes $
millions providing test aircraft for Boeing: Boeing reaps the profits
SCAMS/SPINS:
GOP opens door to cutting
Social Security for younger people
GOP in eight states
have moved
their state supreme courts to the right
GOP loading up
spending bills with personal
gifts of $7.4 billion to friends/supporters
Overpriced
Gold coins being pushed to Fox Newsmax etc conservative audiences
how-to-spot-idiots: 5 red flags clue for ‘woke’ folks
Just 14 percent of 13-year-olds read for fun: next gen faces real challenges in creativity
IRS says agents
will no longer knock on taxpayers’ doors
IRS
taxes your annuity income differently than they promised; it’s complicated
Trader Joe’s recalls
two types of cookies because they
may contain rocks
“Skiplagging,” getting
off at a layover stop, could land passengers in serious trouble.
Tesla
rigged readouts to provide “rosy” projections of how far owners can drive
MS
jails mental illness patients without charge: last state to violate
Constitution
MS ignores child
labor laws:16-year-old
boy dies in a poultry plant: 2nd one, 30K fine
Anti-vax liar Kennedy
had his own children vaccinated: putting
US kids at risk
Doctors
with bad info allowed to continue to hurt us: friends on boards ignore
actions
FL
plunges its children into shameful ignorance on
Only a slave owner
would say that his slaves were given apprenticeships ‘develop skills’
Brent Seaman FL
caught $35M Ponzi
Scheme on Church Members: claim currency hero
Chuck Roberts FL negligence,
fraud, breach of contract: $23 million in structured notes
LPL
Failed to Supervise Reps Investigate Red Flags: Fined $3M
Adam Daniel Kaplan caught
fraud
money laundering $5 million from elderly or disabled.
AI
Chatbot Duped Social Security Staffers.
Hunter Biden sold
his art to donor who Joe Biden named to a prestigious commission
Jobs
Where the new
manufacturing jobs have gone: south, northwest
24 Part-Time
Jobs for Retirees: do what you like to do
More radiation
safety experts needed: medical, science, industry, consultants
The rise of gig workers is changing
the face of the US economy
Work at home: https://bookkeepers.com/free-classes/the-penny-hoarder-rocks
78% of employees prefer free
food to a company happy hour
Automakers joint venture build large electric
vehicle fast-charging network
Who owns your account now?
Benefit Caps on Florida’s Alimony Law
5
insurers of home/auto leaving FL climate
change requires homeowners diligence
Some used car prices fall:
some still overpriced: new vehicle averages $725 monthly
Beware
sellers push cheap Flooded Cars
Auto
insurers rating by JD Powers
Misinformation,
Disinformation: A guide to sorting
fiction from reality
Married couples: reasons
NOT to file a joint federal income tax return.
Miracles:
Gene
therapy eyedrops restored a boy’s sight
Blood Prick
Test for Alzheimer's Shows Promise
A pill delivers
insulin directly to the gut — replacing injections for
diabetes patients
Biden funds precision
cancer surgery to help cut cancer without damaging the good stuff.
Even lawyers
don’t like legalese but ‘sounds’ good and copy/paste easily: laziness
Found
a ‘gravity hole’ in the Indian Ocean: Earth has holes not smooth
Israel
tests limits of democracy as practiced by politicians
Research to merge
human brain cells with AI secures national defence funding
@
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
Energy into matter: scientists
converted light energy directly into matter in one step
In place of atomic
lattice, light
waves used to create an optical lattice with same geometry
Physics Nobel Prize:
“entanglement” 2
particles share info instantly at a distance
Quantum
mechanics violates local realism: two objects behave as single system at
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
Strange state
of physics that allows energy
to flow frictionlessly through a material.
Bending light from
extreme gravity reveals largest black hole
so far
Curved
SpaceTime: heavy masses and simultaneously quantum effects become visible
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: created our time.
Our planetary
system: rarest
system: only 1% of all systems with same number of planets
Stars fueled by the self-annihilation
of dark matter might have been spotted for the first time by JWST
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 electron itself.
Scientists
build 'baby' wormhole as sci-fi moves closer to fact: inside quantum
computer
starts-with-a-bang/universe-expansion-not-accelerating/
Physicists knew black
holes eventually disappear particle by particle. Now they think everything
else does, too
Astronomers
discover raw
materials for life are present all across the Universe: methyl cation
@
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/ No AI used in these comments
