Friday, September 1, 2023

Advisors use different words to sell “annuities”

 

Have you decided what to do in your ‘next life?’

If you are 60 right now, you have a roughly 50% chance of reaching age 90. That is 30 years! 30 years qualifies as another ‘life.’ If you don’t need to work, you need to make an important decision instead of just taking ‘one day at a time.’ You can make a valuable contribution to your community, business or whatever you chose. I do taxes for the AARP tax prep program every year. I love helping people get over their fear of taxes. Some actually take me seriously and do their taxes themselves. I volunteer for other community activities depending on the need and my interests. Those projects are a choice and I am glad I made them. I could have chosen to travel a lot or work in retirement but those were not in my interests. We have chosen to live as homeowners and not renters, which takes a lot of time maintaining and upgrading a property. I am currently helping my daughter get her new business interest going. I write and publish stories, books and a blog so I have than enough to keep busy. Of course we maintain our ‘constitutional’ by walking or hiking every day. Health is important to my family and we are blessed by have longevity in our family history.

Make a plan for you ‘next life’: https://www.amazon.com/Your-Plan-Live-to-Age-100/dp/1548180793

 

Is now a great time to invest in a Gold IRA

The problems: an IRA is for long-term investments that grow tax-deferred and are then taxed as income when the account is distributed, presumably at a lower tax rate. IRA accounts do NOT protect your stock capital gains when you start withdrawals. Thus you do not take advantage of the lower taxes on gains—you are converting the gains to income which may be taxed at a higher rate. Gold as an asset has a poor long-term growth potential because it is considered a speculative commodity. It is NOT a ‘safe’ investment for retirement since a gold fund or ETF will earn less than the cost of inflation. Stocks have averaged 10.43% 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. Gold has wild swings in value like stocks. Real returns (after inflation) for stocks are 6.47% vs 3.74% for gold. Only stocks have provided the buying power for your retirement (AFTER inflation is subtracted). Stocks pay dividends. Stock capital gains will cost you less in taxes than those in an IRA when distributed. Fear not company growth drives gold investments.

https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409/

 

Annuities you may not like

The single-premium immediate annuity provides a stream of payments to support your retirement fund. However, you give up control of your money so if you needed the money back, it would cost you up to 10% of your balance. Also, this contract may not provide a death benefit to your heirs so if you die before you have received all your account balance (including any accumulations), they would not receive anything. There are variable annuities that put your money into an investment that might lose money. Over long periods, this is unlikely but you are not guaranteed your money will grow. Some annuities are sold with high fees and charges that may not be disclosed completely at purchase. Over time, 2-3% total costs can destroy your income expectations from the product. In a variable contract, your costs can exceed your earnings. There are many companies and many different annuities. Some of the most expensive and poorly structured contracts are offered by what are called captive financial institutions. If you are dealing with an agent of this type of seller, you may pay more for the worst annuities. Your agent is being incentivized to sell the institution’s products instead of recommending a better option from a different financial institution. Your independent agent should shop around for the best deal for you not them.

Alternative: https://www.amazon.com/NO-Cost-Annuity-Years-Income/dp/1508487308/

 

Advisors use different words to sell “annuities”

Advisors entice us with the promise of a guarantee income so that we can maximize our Social Security benefits. As we know, if we wait to start SS benefits, we will receive a lot more for the rest of our lives. An annuity is a costly way to provide this short-term income that works like a pension. Advisors hear “annuity” when we say we don’t want to be a burden to our family later in life. With a guarantee income for life, we can feel like we keep our freedom and dignity. There are better ways to maintain our freedom. Most annuities keep our money if not used. When we say we are afraid of running out of money, an advisor promises a lifelong income annuity. However, this guaranteed amount can be cut in half by inflation before you use up your money. When you say you must make sure you can cover expenses, your advisor thinks of guarantee lifetime payments. But the amount of each payment may be reduced by inflation. There are ways to increase the amount to outflank inflation. When you say you want to leave a legacy to take care of your family, the seller of annuities has the perfect answer—an annuity can have a death benefit rider. This death benefit costs more than a tax-free mutual fund legacy. When you die your account passes tax-free because of the stepped-up basis for tax purposes. Finally when you fear the effects of inflation or market drops, the advisor proposes having a guaranteed tax-deferred lifetime income. Sounds good but an annuity may not provide the LEVEL of income you need as you age. Stocks are the best guarantee to beat inflation over time so we must use some of our portfolio to stay invested in the market and some to provide enough income to cover our expenses. We can create a guaranteed income plus build our wealth: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

 

 

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

 

 

Like 1776, this period is a test of democracyWe 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

 

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

Billionaires paid $881 million for votes in 2022 midterm elections

 

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 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 limitJ6 comm threat

 

January 6, 2021A 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

 

Nov 8 2022 Trump’s “national revolution” failed

 

Nov 15 2022 Trump announces for 2024 to avoid lawsuits

 

Dec 3 2022 Trump: cancel Constitution rules so ‘I win

 

Mar 11 2023 Pence straddles his place in history

 

Mar 31 2023 Trump indicted misusing election money

 

Apr 7 2023 One GOP guy decided which drugs we can use

 

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 

 

Aug 1 2023 Trump indicted by the United States of America

Conspiracy to defraud the United States

Conspiracy to obstruct Congressional proceeding

Obstruction of and attempt to obstruct an official proceeding

Conspiracy against right to vote

 

 

Attempted coup d'état by any other name

 

 

Trump and His Gang Get the Mob Treatment

 

Aug 4  “IF YOU GO AFTER ME, I’M COMING AFTER YOU!”

 

 

Aug 14 2023 Trump & 18 indicted by the State of Georgia

 

VIOLATION OF THE GEORGIA RICO (RACKETEER INFLUENCED AND CORRUPT ORGANIZATIONS) ACT SOLICITATION OF VIOLATION OF OATH BY PUBLIC OFFICER

CONSPIRACY TO COMMIT INIPERSONATIN PUBLIC OFFICER FIRST DEGREE

CONSPIRACY TO COMMIT FALSE STATEMENTS AND WRITINGS

CONSPIRACY TO COMMIT FALSE DOCUMENTS

FORGERY IN THE FIRST DEGREE

CONSPIRACY TO COMMIT FALSE STATEMENTS AND WRITINGS

FILING FALSE DOCUMENTS

SOLICITATION OF VIOLATION OF OATH BY PUBLIC OFFICER

FALSE STATEMENTS AND WRITINGS

SOLICITATION OF VIOLATION OF OATH BY PUBLIC OFFICER

FALSE STATEMENTS AND WRITINGS

 

 

Aug 24 2023 The Don, Racketeer: GA jailhouse real ‘mug’ shot

 

 

 

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

IRS delays to 2026: IRS plan to snag tax cheats with crypto Broker

5 Tax Benefits of Owning Overseas Property for Americans: we pay their tax bill!

 

SCAMS/SPINS:

Mario E. Rivero NJ caught fraud: stealing $680,000  promised services but not registered

Biggest rip-offs targeting seniors: scammers go after the trusting with money

hack exposed personal information of 61,000 TD customers

Mullen accused brokerages: facilitating naked short selling and damaging the stock price.

 

Dictator vows to lock up political enemies if he returns to White House

 

“In the end, they’re not coming after me. They’re coming after you” Trump as our savior

Every GOP debate candidate signed up to vote for Trump: voters have no choice

Only 1 co-defendant denied bail—the only Black man serves jail time without conviction

 

Giuliani guilty of defamation of 2 election workers: fine + workers’ legal fees

House conservative GOP flirt with shutdown: ‘So be it’: GOP not living on SS benefits

Trump lawyer-racketeers claim “just doing my job” did not work for Hitler’s lackeys 

Cardinal Theodore McCarrick incompetent to stand trial of sexually assaulted teenager

 

Dispatch's AI-generated sports stories criticized for their robotic style and lack of player names

 

STOP: Dr. Berne's MSM Drops 5% Solution and LightEyez MSM Eye Drops - Eye Repair 

10 Cars That Will Likely Break Down After 100K Miles: costly repairs

Avis caught denying rentals to those without credit cards: fine

Ford recalls 42,000 F250 and F350 trucks because rear axle shaft may break

 

5 Types of Fraud

Parmigiano-Reggiano in Italy is adding microchips to their cheese wheels.

Texas will bill electric vehicle drivers an extra $200 a year

 Some stores refuse you a paper receipt: insist on email/phone info

 

FL’s SAT Replacement Exam Christian Nationalism, Woke Propaganda: students hurt

 

Jobs

Best Remote Jobs

UPS: some drivers earning $170,000 pay and benefits by end of the five-year contract.

Tech skills and tech trends: where new jobs come frombe prepared!

Top 15 College Majors for Good-Paying Jobs

 

US migration rebound: labor shortage filled by immigrants as usual

 

Who owns your account now?

Help paying for a funeral

10 drugs Feds try to lower the price in negotiations: 20% Part D expenses

8 Reasons to Avoid a Roth Conversion: experts Ed Slott and Jeff Levine

 

Spending on pleasure boats continues to hover near remarkable highs

Student loan interest begins 9/1: apply for Biden’ Saving Valuable Education

Rules for tax benefits of buying a clean vehicle

 

 

Miracles:

Our Congress representatives to elect a Racketeer as President of the United States

Bariatric Surgery for Type 2 Diabetes: remission

Robot saved a patient from an inoperable tumor: doctor would not do it

 

Study shows most accurate way of identifying dementia risk early

Paralyzed woman speaks again with help of her own AI avatar: brain waves

China made breakthrough developing 2D, one-atom-thick semiconductors.

 

Pope: ‘backward’ conservatives in US Catholic Church have replaced faith with ideology

Longest alligator ever to be recorded in Mississippi: too big to fail!

 

 

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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.

A ‘particle’ is an event; not an objective thing. This event is set of complex relationships.

 

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.

New method to study systems with long-range interactions: previously puzzling experts

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

 

 

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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

 

 

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