Every retiree asks
“Will we have enough?”
Answer: There’s no
way to know without knowing what we plan to spend. If you’re approaching
retirement, here are two simple steps to figure out if you’ll have enough.
First, you need to estimate how much you will have at your chosen retirement
age. If you have $1 million in savings, pensions, and investments, you can
simply divide by the number of years you may need income. A couple may have 20
years on average in the golden years. This means $50,000 a year before inflation.
Social Security may provide another $72,000 a year with the COLA addition.
Inflation will reduce the $122,000 a year each year. A big expense like travel,
home, etc should be incurred early. If you have no idea or can’t imagine how
much you’ll spend during your retirement years, use the amount you’re spending
now. Most folks try to fine tune these estimates as they go forward. For
instance, if one of you is forced to quit or wants to expand a part-time job or
hobby, this will change your answer to the question of enough. Better to have
some idea of whether you must keep working now rather than later. A plan, any
plan is better than no plan. For instance, some of us have cut some expenses
10-15 years before we will need the extra money. We saved $600 a year on car
insurance so we have $20,000 more for a planned RV tour of the
https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement-Income/dp/1495439224/
What to do now:
market retreated below its historic average of 11%
Many of my readers
are regretting not capturing the recent highs in market indices. However others
know that the future is hard to forecast so they chose NOT to get out now.
Market timing has not been shown to be easy to pull off. They are not taking out
money right now or in the short future so they will “stay
the course.” Commentators have been predicting the market collapse or
recession for months. In July market levels hit near 4600. Few could see the
end clearly so many benefited from the summer expansion. Now they are faced
with a changed situation. Will dumping stocks for 5%
Treasuries be more rewarding than anticipating higher returns from a 4.9%
annual rate of GDP growth, the strongest since late 2021? Each of us must
decide. Most experienced investors recommend staying in the stock market IF
your need for funds does not come for at least 10-15 years. And the inflation
rate at 3.7% does not seem to predict a clear course. Perhaps this is the
time to keep the bulk of our portfolio in both assets equally.
We just don’t know: https://www.amazon.com/Money-Ball-Investing-Winning-unfair-market/dp/1548831409
********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
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
Conspiracy to defraud the
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
350+ people have
been sentenced to jail or prison.
Trump and His Gang Get the Mob Treatment
Aug 4 “IF
YOU GO AFTER ME, I’M COMING AFTER YOU!”
Mobster
#1 Enrique Tarrio gets 22 years
Mobster
Stewart Rhodes sentenced to 18 years
Mobster
Ethan Nordean gets 18 years
Mobster
Dominic Pezzola sentenced to 10 years
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
“Wannabe
Dictator” to
run House of our? “Representatives”
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
Debt payment: Global
billionaire tax could yield $250
billion annually: stop cheating
How Corporations Can
Still Get Out of Paying Taxes:
better loopholes
Wasted taxes: $1 billion NASA
test its 8-rotor Saturn
Titan moon drone Dragonfly
Our broker/advisor complaints
are often erased by regulators without our consideration
SCAMS/SPINS:
Another Trump co-defendant
pleads guilty: filing false documents to use fake electors
A third Trump lawyer
pleads guilty
to felony false statements and writings.
State lawmakers have
weakened
child labor laws to let companies cut costs raise profits
Scam: fake bank
security tells
customer to prevent info thief, convert savings to crypto.
We use TEOS
on IRS.gov to help find or verify qualified, legitimate
charities.
Which
bonds should you hold: TIPS, Treasuries, or Total bond fund?
Chase Customers
Again Report Missing
Money, Wrong Balances: 2nd time takes longer
TX
bans people traveling on roads if intent is abortion: how know? Nazi-style
policing!
23% of us say: “true”
patriots may have to use
violence in order to save our country."
CR finds more lead,
cadmium in chocolate: change Halloween candy?
Driverless
vehicles were a risk to the public: CA tells GM.
Safeguard Metals
steered retirees who cashed out of IRAs for high-markup
silver coins
New Speaker Johnson
led attack on Biden election: “states allowed ‘illegal’ voting”
Jobs
Low
stress high-paying jobs: engineer, statistician, economist
Best
and worst states for teachers: VA, NY, UT vs NH, DC, HI
jobs.interestingengineering.com/
UAW
called on all workers at Ford to return to their jobs: deal done?
Who owns your account now?
Prices on some used
cars have dropped
sharply over the past year:
New Fiduciary Rule: Advisors
must provide the best product for you
Net worth increased
from $141,100 to $192,900 during 2019-2022.
Education Dept: identified
errors made by some student loan servicing companies
Massachusetts
Doubles Estate Tax
Exemption to $2 million
Long Covid Sufferers
Preyed on by Stem Cell Clinics
Miracles:
Hamas’s armed wing released
a mother and daughter, both Americans
New diabetes
treatment could benefit from cell-based therapies.
Malaria carried by
mosquitoes part of wave of sickness and death due
to climate change.
An ultrasound device
to detect
aggressive breast cancer that develops between screenings
Charging
EVs while driving in
New blood test
detects tumors early among families with history of cancer
@
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.
Natural
‘missing law’ explain
how
universe evolved: functions increase in complexity over time
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
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