Nest eggs cracked:
retirement abandoned: costs $536,572
41% of employees
cash out 401(k) accounts upon job separation. First, they give up tax deferral
and 10% of their savings. Remember prior to the age of 55, there is a 10%
penalty in addition to income taxes. More importantly, their future income
is canceled along with all the compounded interest they earned. Both are lost
forever. Here is a real example: One of my readers had accumulated $494,509.96
in his current 401k. His employers contributed some of that total. When his
employer closed and he had no job to go to, he took the full amount to live on
and pay his mortgage. During a 10 year period, even though he intended to
invest his nest egg, he did not. He could not find another well-paying job. If
he had reduced his spending—living within his means—and invested his 401k in a
rollover IRA (also tax-deferred) into the same assets, he would have
accumulated $567,577.97 in interest and capital gains. Today he would
have had $1,104,149.58 in a retirement account to live on for the next
30 years. Unfortunately most firms have no protocol for job termination and
offer no financial advice to departing employees. Instead, communication
is often left to financial services firms that administer retirement plans,
which usually offer only minimal guidance for a fee.
https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072
Scams, fraud and
hacks: be vigilant
Crooks are using
more elaborate methods of gaining access to your life than ever before. Scam
text messages from unknown numbers could infect
your phone with malware. I just got one that said a package sits in the
post office and to retrieve it I need to give info to an email ending in
“.top.” The “Hello”, “how you doing” and photo scams are repeating again. A
scam text about your bank, “Netflix” or other account being
suspended is just to get you to give up access numbers. Scam of the car
warranty scam may be phone calls or mail: “Vehicle
Alert Notice.” Only scammers will
tell you to buy a gift
card, like a Google Play or Apple Card, and give them the numbers off the
back of the card. Social media “friend
requests” are effective scams for Facebook users. “Pop-up” ads have scam
codes that if clicked downloads malware to your device. “Computer virus
alerts” scare us into clicking a link or making a call the scammers. They
will fix your computer so it never works again and their fee is not
retrievable. Call the maker or seller of your device. Scammer can now program
scam caller
ID to use a fake number and caller city to get us to pick up. Never give up
your identifiers. Never follow a text asking you to send them money via a cryptocurrency
ATM using their QR code. They may have convinced you the money is used to
spring your nephew in jail. Ask other family members to verify the
circumstances they allege.
https://www.amazon.com/Money-Scams-2014-insurance-financial/dp/1505437962
Regulators order
funds to stop “playing name games”
After nearly two
decades, investment managers have misleading investors as to the actual types
of assets in their funds. Consider, for example, a fund name that indicates an
investment focus, such as Large Cap Value. “If the fund actually has much of
its assets invested in mid- and small-cap growth stocks, investors are being
blatantly misled.” The ESG name game has become particularly concerning as many
investment houses have hastened to add ESG-focused funds to meet investor
demand. There have been clear instances where this rush to meet investor
demand has resulted in products that were ESG-friendly “in name only.” For most
investors, the habit of reviewing new fund disclosures that detail the
investment style and process has never been more important.
Name alone cannot be
the main selection criterion.
https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268
Alternatives to costly
long-term care insurance
Medicare pays for
some short-term care after a hospital stay but not for a long-term need. There
are ways to avoid using your last cent on this expensive insurance. Some may be
right for you. Medicare
and Medicaid have limited programs for your long-term care needs. Most of
us don’t need facility care. All states now offer some level of benefits for
care in home settings, but the breadth of coverage varies widely. Many folks,
who would prefer to stay in their own home, pay for in-home care on their own.
Using savings, family help or using the equity in their home are the most
common ways to pay a semi-skilled care-giver
to help with the main challenges. Some of us own life insurance with a
rider for care. Unfortunately, these policies can be expensive and the coverage
is limited. Other than selling your home or using a home equity loan, a reverse
mortgage can be a great option for covering your care needs. They can be an
ideal way to stay in your home and get cash to help pay for care. Others claim a
reverse is much too expensive. Clearly, you need to plan well to make sure you
have a flexible affordable plan.
https://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X/
********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 “Representatives”
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
$115K
magic income number for family to buy medium-priced home: income now $75K
Wasted taxes: NASA’s
Psyche
rocketed on six-year journey to asteroid: we need housing
SAD: Fed
Needs More Americans to Lose Their Jobs: or they could just raise wealth
tax
SCAMS/SPINS:
IRS warns exaggerated
art donation deductions promoters
Wells Fargo
customers reported account
balance problems
Citi Customers
Report App, Website
Problems
TD Bank Customers
Report Missing
Direct Deposits
Gemini, Genesis
Global, Digital Currency caught
crypto fraud of $1Billion
Small
business scams steal average of $150,000: beware
Court: DeSantis
denial of Covid attacks cost
thousands of lives: hid Covid severity
Trump co-defendant
pleads guilty: interfere with the performance of election duties.
Thomas Brenner OH conned clients out of IRA funds
used for personal assets: 10 yrs
Alex
Jones cannot use his personal bankruptcy to escape paying at least
$1.1 billion
Tesla
recalls 55,000 model X: fail to detect low brake fluid: warning light fails
Chime bank caught
deceiving: forced waive rights, failed provide disclosures and receipts
Jobs
Find "secret"
job opportunities : pick the company first then contact likely manager
jobs.interestingengineering.com/
46% of middle-skill and 31% of high-skill occupations reduced
degree requirements
Workplace health
insurance premiums for family $24,000: worker part: $6,575
Who owns your account now?
Medicare Open
Enrollment started October 15!
BEWARE Medicare scams
Floridians pay more
than $4,200 a year home
insurance: national average $1,700
Your 2022 tax
return extension ends on October 16: avoid the penalty-pre-date check
Use one app to
control your data on multiple web sellers/sites: stop
selling your data
Free
money added to new IRA account: 1% added to your contributions each year
IRS pilot a free
e-tax-filing tool next year: 4 states to integrate their state taxes
e-filed
The share of households that
own stock hit a new high in 2022: Avg net worth $748,800
Miracles:
More of us use bankruptcy
to limit stress of overstretched finances.
Some coma
patients may be conscious. New research could identify them.
El Niño
may save Lake Mead's catastrophic water levels: it remains only 30% full
Marine bacteria gobble
up hard-to-biodegrade plastic
Young
driver fatality rates have fallen sharply in the
Hurricanes are now
twice as likely to zip from minor
to major from warm oceans
Mild winter for
northern US: trending
warmer
@
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
