Easy tax filling
Online IRS approved software is easy as answering questions.
I have been using the Free-File vendors for years at https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free.
I have used TaxAct, FreeTaxUSA, and 1040NOW.NET.
I pay a small fee to have the same return filled in my state of
Use all the tax
credits you can: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Will crypto assets
support your retirement?
Many working people
expect to receive huge gains from this new investment type, despite knowing
very little about it according
to a new survey. Responders were asked: ‘Where do you expect the greatest
return on your investments over the next 10 years?’ Unfortunately 30% think
crypto will provide the biggest investment returns. Stocks are second with
about 20%, mutual funds 11%, real estate and NFTs show single digits. Younger
people expect to retire earlier than older people as expected. Unfortunately,
crypto is the newest ‘get rich quick’ scheme in the press and the top scam
mechanism. Since schools do not teach young people how to invest for
retirement, it is up to their parents with limited financial literacy to teach
them. Most don’t know about the tax-FREE account available to everyone.
https://www.amazon.com/New-American-Retirement-System-Reserve/dp/1461030072
Do you use the power
of compounding?
Most high schools
don’t teach the most important aspect of managing your money. Most average
middle-class parents don’t know how wealth is made. Sure they have heard that
some people become wealthy by creating a new biz like Google or winning the
lottery or inheriting their family legacy. But most young people don’t know how
to use the
miracle of compounding which Warren Buffett credits for making him wealthy.
If your math teacher mentioned it at all, they probably used the illustration
of how a savings account grows: a deposit of $1,000 grows to $1,010.05 in a
year. Not exciting enough to remember by the time you start earning real money.
If schools were allowed to teach compounding with examples from the real world,
everyone would show this financial miracle at work. Thus a teacher would show the
actual results of real returns documented by DALBAR, the unbiased tracking
firm. For the long-term investor, the SAFEST investment is a low-cost stock market
mutual fund compounding at the rate of 11%. An honest math teacher would then
show a chart like the one of real accumulations over time in this book. The
teacher could build a real table showing $250
invested monthly for 35 years with a total accumulation of $1.2 million:
Exciting: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Not all wealthy
hedge funds do well
Things have gone
from bad to worse at Tiger
Global Management’s flagship hedge fund. The hedge fund tumbled more than
13% in March, according to a person familiar with the matter, capping three
straight losing months and a tough 2021. The decline was 7% last year, its
first annual drop since 2016. Hedge fund managers produced aggregate
performance of 10.3% in the year ended Dec. 31, down from 11.8% the previous
year, returns of the HFRI
Fund Weighted Composite index showed. Compared to a simple low-cost stock
index fund return of 28.83% in 2021, 18.38% in 2020 and 31.74% in 2019, hedge
funds have suffered from their high fees and costs. Instead of trying to pick
securities and leverage returns, many wealthy folks would have been better off
leaving their money in a
stock index fund like the Vanguard 500.
As a group, hedge funds have a net outflow because high costs must still be
paid to managers. Tax-FREE account approved by the IRS is a better deal than a
wager on a hedge fund manager.
https://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236/
Why are we paying a
higher tax rate than the wealthy?
Bloomberg earned over
$2 billion but paid
only 4.1% in taxes. Ultra wealthy high-income Americans are not only privileged—they
beat the system and pay less tax than we do. For them it is a game: not
paying taxes. “That makes
me smart” one confessed during the presidential debates. Jeff
and Elon paid nothing recently helping to pump up the national debt—our
children’s debt. Most
corporations pay nothing. The middle-class pays more than
most wealthy people according to Warren Buffett. We pay total taxes of
32.9%. They pay under 20%. The American system is withering away.
https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072
You don’t need a
financial industry sales person
I have been in the
industry since 1987 and I came to the conclusion that most middle-income
families can’t
afford to lose up to 63% of their hard-earned savings/investing to the
financial industry. From the inside, I saw that most financial clients are
wasting their money on the tricks and hype presented by most sales folks. After
obtaining all of the licenses from the industry, I can tell you that you don’t need
to pay for the biased self-serving advice from the industry. The best and most useful
information is available FREE—books and internet provide exactly what you need
to be a successful investor and financial services consumer. First, no advisor
knows what will happen with a security or the market next. Second, we know the
probabilities of investment success by security type. Stocks and low-cost
stock mutual funds provide 11% return over time—more than 10 year periods.
Third, fast trading hot stocks finish last. Monthly dollar cost
averaging provides the best method of investing. Fourth, buy
all financial services from direct sellers not salespeople. Get three
estimates of costs before you buy anything. Costs matter: https://www.amazon.com/Keep-Simple-Essential-Financial-Life/dp/1492258849
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
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
The
Path to Dictatorship: 2010-2030
Nov 2020 Wealthy
discredit election process
Jan
6 2021 Direct
assault failed: guns
& bombs ready
Another
terrorist pleads guilty
Terrorist
‘follower’ found guilty
Junior’s
‘plan’ to overthrow government: ‘We
control them all’
How Govt wastes our money:
Justice
wasting time on Trump’s stolen docs not on his
attempted overthrow of gov?
TX charges woman
with homicide but there is no
Homo sapien dead: corpus
delicti
Secret
Service easily duped with gifts and fake badges: we pay a lot for
un-security
19 GOP states prohibit
prescribing abortion pills by telehealth or sending them by mail.
Yelp
joins Citigroup in covering expenses for employees travel for abortion
services
Drug pusher industry
regulates the regulators: drug
profits over drug safety: Oxy for all
FL GOP
locks in future wins with new district maps: Dems lose
Fake
transactions to fraudulently evade $61 million in taxes: IRS never catches
wealthy
We are making new nuclear
warheads despite having
enough to kill Earth 10 times over
SCAMS/SPINS:
Every day in
More boomers are retiring
to the streets, living
in cars: rents rise 33%, health goes first
Future of
planet Earth is up to business to clean up its mess: they
keep most tax money
Business
unlimited election spending puts their Reps in gov positions, make laws, regs
990,000
dead: bring mask and test again: party
spreader: third
cause of death in US
Scam: voice
clone to make you pay for your ‘kidnapped’ family
Gift card scam: Walmart
helped victims claim return of $4 million
‘Zuck
bucks’ virtual coins for Facebook and Instagram users helps Zuckerberg get
richer
Car dealers gotten in price inflation spirit: how
much more can they take advantage?
Car makers lost way: Not A to B: entertainment
systems, tech centers, home offices, digital firms
Roger Ng, Goldman Sachs caught
violate anti-bribery launder money laws: jail.
Robert David Jr, Morgan Stanley caught
inflating client assets to trade w/o permission
John Winslow Edward Jones caught
stealing money to buy gold: defrocked
NYC
AG lets Trump slide: investigators
have ‘crime evidence’: tax evasion mobster Al
Trump
vows to release the terrorists if he takes over government again
GOP
tries to rewrite US history of brutal slavery: Putin
would be proud
Trump enforcer Mark Meadows caught: GOP
voter fraud: lie about home: No
Jail
Trump’s
GOP will no longer debate for prez: too hard: moving ‘debate’ to Fox/RTN?
cryptocurrency scams
promise
huge gains: you missed them already $5,000 Mar 20, 2020
Retirees
suspicious of using 401k balances to buy lifetime guaranteed income annuity
Fuel
oil to heat home costs $5.25 but $3.77 for car gas yet costs less to make:
ripped off
Hitting Putin: $800 million worth helicopters
and howitzer artillery challenge next
Putin kills 50 women & children waiting to leave
Russia
headed for historic default on foreign debt: rubles don’t buy what they
used to
Putin
may not be able to stop himself: he is the only one: only force can stop
him?
Pence Says He 'Stood Toe
to Toe' With
Even tiny Luxembourg
supplies antitank weapons/jeeps:
Another
big Russian boat seized: This one $735 mil could buy many tanks
Jobs
NYC
subway cameras out during shooting of 10 in
275,000
new hires in one TX area: child
hunger still a problem there
Who owns your account now?
NJ gas price falls to $3.97 from $4.09 in 2 weeks
Buying used: check the VIN number on SaferCar.gov
Note recalls, problems not fixed
Teen “persistent feelings of sadness or hopelessness” up from 26% in 2009 to 44% 2021
We are still trying to hail aliens with messages in Norwegian, geometry and funky music
Miracles:
Scientists turn back
the clock 30 years for human skin cells: no more wrinkles!
47
Senators don’t support American promise: 53 to 47 first Black woman Supreme.
Kyiv
comes back to life: triumph and sadness: it’s different 3 million left
Everything in the
universe from sun to stones is made of subatomic ‘vibrations’
A subatomic ‘particle’
is the smallest possible vibration (quantum) of a quantum field.
Mass–energy
equivalence: E=mc^2 Everything at
smallest level is moving!
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
www.InsuranceAdvisorsNetwork.com
Alerts available
at http://dankeppel.blogspot.com/
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