Graduation gift that lasts a lifetime
Show your teen the easy way to compound their money to a $million tax-FREE fund. 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 about $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 help buy two homes and 5 cars with higher down payments or cash, and now to receive $2,900 a month in retirement supplement. Now your child can build an account that provides tax-FREE education and retirement income too. The stock market provides about 11% a year over time: double your money every 7-9 years. Only the buy and hold strategy works; market timing pays the advisor/broker’s fees.
Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355
Easiest way to clear
excessive credit card debt
I was able to
eliminate some cc debt by cutting out spending on things I no longer needed.
This means I was able to do get rid of
the debt faster and without giving up anything I enjoy. I shop for car
insurance every two years because there are insurers that change marketing
strategies that benefit me. I saved about $600 on two cars last time. I got rid
of my overpriced financial advisor and saved $1,000 in the first year. Salaried
advisors are available at some large mutual fund firms like Vanguard. No cost
for advice since I have my retirement portfolio there. When I need other
advice, I ask my financial planner who charges by the hour not 1-2% of my whole
portfolio annually. She always answers by phone call in an hour. Recently one
of my friends told me his inherited portfolio still has his parents’ broker
taking his money even though the broker has done nothing for him for the last 5
years. He doesn’t know how to “cut the cord” even when I explained he is being
robbed and he can move it with one call.
Pay off debt: https://www.amazon.com/Tricks-Trade-Save-Mutual-Insurance-Annuities/dp/1535497289/
How to build a
retirement fund you can live on
Many working folks
have an easy way to build a retirement fund. And some employers will actually
help them pay for it. A low-cost 401k or 403b can create a decent fund over
time. Even when they have to change jobs, their money can easily be transferred
and continued to build big. The secret to doing this is consistent
contributions from their pay and using a low-cost stock index option. They
can earn over 10% a year. Compounding
(no borrowing or surrenders) their money over their working lives can produce a
$million fund. That happens by them contributing only $105,000 over 35 years to
a low-cost (<0.5% annual fee) index fund that matches the S&P 500 index.
According to Warren Buffett, compounding helps explains his investing success.
Buffett explains: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
How to live on
retirement income
Most people are
trying to grow their retirement nest egg to an amount that can sustain them
with income through 20-30 years of the rest of their lives. But how to do that:
Many retirees call on their advisor or broker to make the changes from
portfolio growth to portfolio income. Clearly, to take on this process by
themselves is daunting. However, it is not as difficult as it seems. It
requires transferring growth assets to income assets. The easiest way to do
this is to slowly sell growth funds and buy income funds. A simple example is to
exchange the low-cost stock market index fund for a low-cost (0.16%) balanced
fund. These funds can provide about 4% annual yield with about 60% bonds. Yield
is earnings generated on an investment over a particular period of time. Yield
includes the interest earned or dividends received from holding
securities. Of course the yield may plummet if an advisor buys and sells
individual securities to produce income. Also individual stock dividends and
bond yields can rise and fall over time so an advisor may produce taxes on the
gains as the portfolio is traded. There is a tax-FREE version of this strategy
that may provide higher income without taxes for some folks who plan ahead.
https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072
Free financial
planning services
Since there are
several ways to buy financial advice—paying 1% of total portfolio whether it
help you or not, commissions on products you may not need, and strait hourly
fees like a lawyer—you need to know about the firms that offer help for FREE.
Yes, FREE but you must have enough assets to make it worth their while. So for
those who have already gotten to the $250K level, this can help you keep more.
Check Schwab, Vanguard or Fidelity Investments for the terms of FREE advice
from a properly credentialed person. Some Robo-advisors offer one-on-one
coaching calls. Some firms provide unlimited phone access to a CFP. The account minimum is $100,000. Your target-date fund will get you ready for
retirement income by lowering your risk of losing money but usually does not
offer transfer to an fund the provides income directly. You will need to make
the transfer to start the flow of income directly to your bank account. Most
firms can do this. They also take care of IRS reporting of IRA/pension
mandatory RMD distributions.
https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716
How to beat
inflation’s devastation effect on your retirement fund
Even in a
recession-talk period of the market, you can still keep current with your goal
of growing your wealth. Unless you have retreated
from the market to fixed assets, your stock index fund is back to 9.78%
YTD. Even if it falls back by year end, you may have beat inflation. Since
you have no guarantee that fixed rate products will keep your fund growing, at
least the majority of your portfolio should be in the market. Stocks can go up
too. Most
studies show that you are always better off staying in the market than
trying to time the market. Are you really smarter than everyone else by moving
your money at the right time? No. History shows your advisor does NOT know any
more than you. In fact most analyst agree that paying someone to guess the
future will cost
you up to 63% of what you would have had if you had just left your
portfolio alone. Fidelity found that the accounts that did the best
were held by the dead or by folks who forgot they had their account.
Keep the money you
give your advisor: https://www.amazon.com/Snoring-Best-Way-Create-Wealth/dp/1466408928
?**********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
assault 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”
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
Party
games will cost us jobs, income, time, earnings, Social Security, Vets
benefits
IRS audits Black
taxpayers at higher rates: ignores
rich white folks—“too
complicated”
TX strips authority
of cities to govern: we
lose another freedom to decide: fascism
Top
execs hold $Billions tax-FREE retirement’s vs ½ workers hold NONE in 401k
SCAMS/SPINS:
Phillip
SW Financial Thomas Diamante caught: bad
info on sale of private placement offerings IPOs
Douglas Hawkins, CFP, minister, KY caught
fraud $2 million real estate scheme: 10 yrs
Victim of fraud?
AARPFraudWatchHelpline@aarp.org 877.908.3360
How
can the ‘God of Love’ actually hate, despise, or keep medical help from
transgender folks?
TX doctors stop treatment as state investigates
hospital’s gender-affirming care: transgender
‘fad’
GOP
free capitalism reshaped by fascist ideology: invest,
social,
religion,
read,
vote,
discuss,
sex,
GOP
undermines direct democracy by restricting ballot initiatives, constitutional
amendments.
What
do Christian Nationalists believe: loose political groups that my help GOP
win
GOP
put police at risk with fewer restrictions on gun ownership: ignore
gun safety:
GOP laws are killing
off our next generation: guns are the kids
#1 killer
AZ person kills
2, injures 5 teens at teen party: suspect at large
NM
shooter kills 3, multiple wounded, 2 police hit in park
TX
12 year-old boy uses AR-15 to kill 1, injure 1,
DeSantis jobs: Disney
canceled a new, nearly $1 billion 2000 employee campus in Orlando
FL college students arranging own graduation: reject
official Board speaker-a Trumper
Penguin Random House sue
Florida school district over book bans: Censorship, 1 Amd right
Gerber
powdered baby formula was distributed to some US retailers after the
initial recall
notice
Right-Wing Doctors Are Still Peddling
Dubious COVID Drugs
Liberty HealthShare Christian nonprofit to avoid Obamacare
paid
vendors owned by Beers family
Denials of health-insurance
claims are rising — and getting weirder: computer
rapid-fire denials
Don’t
waste your money: 17 Home Upgrades That Rarely Help Close a
Stellantis Chrysler recalls 220,000 Jeep SUVs over fire
risks power liftgate: park outside
Faulty
TN air bag inflators in use, including Volkswagen, Ford, BMW and GM
Ford recalls 310,000
trucks to fix problem with driver’s
front air bag: not working
Ford recalls 422,000
SUVs because rear
view camera display may fail
OpenAI chief: artificial
intelligence could “cause significant harm to the world”
Jobs
24 Employers That
Offer Jobs
That Pay for College
Top-tier college
does not
guarantee career success
College degree
requirements close off opportunities for majority of minorities
Who owns your account now?
Heavy
Cannabis Use Linked to Schizophrenia
We are keeping
our vehicles for a record 12.5 years on average: smart shoppers’ values
“Professors can’t
know whether students using ChatGPT
in nuanced ways or cheating”
Stock
market still provides over 8% this year: beats inflation, savings, CDs,
bond funds
Home
battery: fire-safe, lifespan 30 years, and built into crawl spaces and
attics: testing
Miracles:
Cook
County is eliminating medical debt for 73,000 people: $80 million in
medical debt
Study: folks who used
a low-fat
diet with healthy foods had a lower chance
of dying.
Just
feeling hungry could promote healthy aging: in flies at least for now.
Blood test can predict
psychotic disorders years before they develop
A
“breathalyzer” could detect pancreatic cancer before you
were even symptomatic.
More than half of
the world’s lakes
have shrunk in past 30 years: water
shortage?
Scientists find
bacteria and fungi capable of breaking
down plastics
FL Thirteen-year-old
girl
punches shark to escape attack
13-year-old boy saved
his sister from kidnapper by shooting the attacker with a slingshot!
Religious folks
changed practices because they stopped
believing in former teachings
@
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
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.
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/
@
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/
