Are stock dividends the best way to create retirement income?

 

Make your grandchild a millionaire

If you are wealthy or they have time to accumulate wealth, you can help them have enough money to do what they really want to do. 1^st case: give each grandchild $15,000 a year with no gift tax. A custody or cash account with your stock mutual fund can become a $million in 20 years. 2^nd case: give each grandchild $250 a month using automatic investment from your bank account. A custody or cash account with your stock mutual fund can become a $million in 35 years. If they convert their account to a Roth IRA the account earnings will become tax-FREE when they take the money out.

Gift of a lifetime: https://www.amazon.com/Give-your-Grandchild-1000000-Lifetime/dp/1456433105/

 

Can Congress complete the Social Security stabilization for us?

The SS Trustees Report says that we will have our SS benefits cut by 25% in 2034—just 12 years away. Congress has trouble understanding it takes time to accumulate the funds that will provide the benefits. Reason: most are multimillionairs and won’t need benefits. Wealthy members don’t want to think about taxes. Some don’t even realize that global warming is reducing their $ billions of assets. However, if we are to survive in retirement, we need to convince the split Congress that Americans agree on THREE things: ensuring Social Security cost-of-living adjustments (COLAs) are enough to, at minimum, keep up with inflation; reinstating Social Security payroll taxes on people earning more than $400,000 per year; and providing a Social Security credit to unpaid caregivers. Because Congress may not agree in time to correct the situation, prudent folks must take action.

Start today: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

 

Are stock dividends the best way to create retirement income?

Some advisors are convinced that stock dividends are the best way to fund our retirement. Few stocks pay over 3% in dividends. At $6 a year, owners of 3M for instance, must own 5,000 shares at $194 a share or about $1,000,000. Luckily, dividends are taxed at lower rates than income from 401k or IRA funds. However, we may do better by owning non-dividend shares like those in the S&P 500 that we can sell as needed with fewer taxes. Also, with inflation returning to the historical 3%, a dividend yield of 3% may actually be losing us long-term buying power. Stocks returns beat inflation. The other benefit of owning non-dividend stocks is that we can sell when the price and tax benefits are greatest. If we have other retirement income like taxable 401k and IRA money, we can postpone selling stock for income. We may have periods when we can convert the taxable money to tax-FREE money and thus lower our tax burden over time. We may need a one-time fee-only planner to help us create tax-FREE retirement income.

Tax-FREE spending: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

$10,000 annual fee

Do you realize that is the amount you are paying your advisor every year? If your portfolio is $500,000 and your expense fees and charges and 12b-1 and trading costs and timing mistakes total up to 2% each year, you could be falling behind your ultimate goal in a big way. Year after year with most costs hidden in quarterly statements and prospectus, you can lose up to 50% of your possible accumulation because of the compounding of costs. Compare your account balance to the account balance if you were using a 0.04% stock market index fund. DALBAR returns tracker says the difference can be 7%--3.79%vs11.06%. If your assets earn more than 2% and you pay 2% TOTAL costs, you lose a year of earnings if there are any. If the market falls, you lose more since there are no refunds if advisors fail to better the stock market index. For most advisors, if their market picks fail, they will increase trading costs to try to avoid a loss. This just makes matters worse. But by the time you see the loss or lack of gain, that period is over and there is nothing you can do. You could move your assets to the Best Robo available.

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

 

Another way the wealthy avoid taxes

Trial lawyers haul their mass tort winnings to tax-haven Puerto Rico

And you wonder who will pay off the skyrocketing National Debt of $28 Trillions. These lawyers, who get the lion’s share of the opioid death settlement, are moving outside the US to avoid taxes on their $2 Billion fees. This “self-described West Virginia hillbilly” did not move his family so you know he is purposefully violating the law: “If you’re a lawyer in San Juan sitting behind a computer screen, you pay zero state and federal income taxes.” You may not be ready to leave your family and friends and move your office to PR so what can you do to avoid paying THEIR share of the $28 Trillion? You can avoid some of your income taxes by using deductions from your business activities like the former president does, but that takes time and money to set up. An immediate way is to take advantage of the current legal IRS-approved retirement accounts. 

Start today: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

61% of households paid no federal income taxes in 2020

Are you one of the few who paid taxes last year? Households making less than about $28,000 will not owe income taxes this year, nor will about three-quarters of families earning between $28,000 and $55,000, the Tax Policy Center found. That means if you earn over about $22.47 an hour, you will owe the IRS in 2021. Congress is so divided politically; few expect the new taxes needed to cover our spending and debt interest will show up before year end. Long vacations add to the problem. Increased corporate taxes and changes in capital gains tax rates are likely to be debated for months. It is not clear whether Congress will even give the IRS the funds to collect taxes owed by the wealthy. Will middle-class families in high property-tax states ever get to deduct them fully? Will Biden be able to protect small business as Biden promised? You and small businesses don’t have access to the army of lawyers and accountants that allowed 55 profitable large corporations to avoid paying any federal corporate taxes in 2020. They cannot shift profits into tax havens to avoid paying U.S. taxes like multinational corporations can. 

You can avoid paying their taxes: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 American tax system: socialism for the rich: "only the little people pay taxes"

 https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

 

 

**********ACCOUNTABILITY**************

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

Our Jan 6 ‘Truth and Reconciliation Commission’

 

Head of terrorist group gets 5 months

 

Capitol police sue Trump, his terrorists

 

House seeks Trump-terrorist link docs

 

Trump lawyers sanctioned for abusing justice system

 

Terrorist plotting to kill Gov gets 6 years

 

How Govt wastes our money:

US surprised Taliban guerillas still around: 2,352 troops died: tired of $2.2 Trillion costs.

GOP wants to keep ‘anti-terrorist’ group in Afghanistan: Vietnam started that way

Are ‘Anti-vaxxers’ really free to put the rest of us in the hospital?

100,000 hospitalized with covid-19 a level not seen since Jan. 30 when vax not available

 

SCAMS/SPINS:

TX GOP pushes for suppressing Dem vote to re-capture House seats: SB1 passed

States redistricting GOP favor for next Congress: Dems voters put in fewer districts

 

Trump booed in AL rally after vax statement: mob turns on Leader who got vax?

Conservative talk show Phil Valentine dies with Covid-19: family pleads ‘get vax’

Mom’s 2 sons die of Covid: sons refused vax: ‘I wish I could have made them do it’

 

Do it for the KIDS: Anti-vaxxers making most vulnerable kids sick and sicker

 

OR School head tells parents how to get children out of wearing mask: claim disability 

CA pastor offering religious exemptions to avoid vaccine mandate: ‘war’ dead 635,000

KS school board gives medical or mental health exemption to avoid masks

 

LA GOP officials help with philosophical or religious exemption from Gov’s mask rule

FL anti-vaxxers wait on floor for anti-body treatment not vax: sick line up full hospitals

KY GOP court removes Gov power to curb Covid: GOP ends school mandate

 

Covid vax needs booster or not: not clear who when what where?

DeSantis, Abbott and Hogan anti-vaxxers running for the White House in ‘24

 

Dr Robert Karas AR prescribed anti-parasitic drug "thousands" of times: jail inmates

“You wouldn’t get your chemotherapy at a feed store.” MS folks taking de-worm drug.

The National Guard will see you now: GA hospitals staffed by military: Covid ‘war zone’

Judge: Sacklers, Oxy, get off too easy: legal immunities: killed 500,000; millions suffer 

 

 

Bolts catch fire: GM unbolts battery: do not charge indoors overnight

Malicious QR Codes Now Used by Online Scammers

 

Covid risk on cruise ships even if vax: older cruisers warned: no hospital onboard

Seniors’ biggest mistake: SS benefits don’t go up when you reach full retirement age

 

Robert J. Mueller TX caught: stole $58 million seniors’ nest eggs promised safe returns

ISC Advisors caught over charging fees for funds: no disclosure; no SEC reporting

Online casinos report big year taking $13.6 billion from desperate poor/unemployed

John Woods Livingston Southport caught Ponzi on 400 for $110 million “safe steady”

 

Laptop crash? You can imagine car’s autopilot may have same problem at 65 mph

 

 

Pro-gun states wish to disarm the ATF power to regulate complete firearms

Family Fascism: state law gives militia a “veneer of sanctioned credibility” armed picnics

 

Jobs

Cars wait for their computers: Ford Toyota GM stop lines: Covid cuts Malaysia workers

Telemarketer jobs going away, thankfully you don’t pursue these phone pests.

factory equipment manufacturers jobs vault to highs above 2019 levels: good pay

 

Delta charging no-vaxxers extra health care premiums: selfishness costs

Robots replacing low-wage workers pushed by venture capitalists

 

Who owns your account now?

Supremes as owners put millions on street: evicted before recovery: didn’t even sign order

 

Miracles:

Congress considers giving seniors Medicare dental coverage to some extent: on to-do list

Athletes helping young ones understand how money works: learning basics avoiding bad

Earth Fire: 2020 was Europe's hottest year on record

 

Greenhouse gas concentrations, global sea levels hit record highs in 2020

 

 

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

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

 

How to replace retirement funds now?

 

How to replace retirement funds now?

Survey says 35% of non-retired respondents had already dipped into their retirement funds and may do so again. No one wants to use future money now but we have to get money from somewhere. Most of us did not have $1,000 for emergencies. How do we regain our future money funds once we are able? To catch up, we must use a low-cost stock mutual fund since bank interest is too low. With savings rates as low as inflation, we need faster growing stocks. To minimize the risk of stocks we buy shares of 500 of the best companies in the world. We use a low-cost mutual fund so we don’t give any fees to the seller. We want our money to compound without current taxes so we use our employer’s tax-deferred (401k) account or an IRA account. The most successful savers take Warren Buffett’s advice and use the Vanguard 500 Index insider an IRA.

https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Did you lose some of your money somewhere?

Everyone changes jobs these days. Sometimes a former employer goes out of business or gets bought. Sometimes an IRA savings account gets forgotten. Sometimes a life insurance policy with money in it gets misplaced. Readers have told me stories and I give them my list of places to look. Luckily, we have digital records you can search. You could pay a search firm to do the work but some are scams. If you have some time, finding money can be a fun project. For instance, after I left a securities firm, it went bankrupt. We employees had contributed to an Employee Stock Ownership Plan (ESOP). I forgot all about it and never received any notice about where my money went. I assumed senior management took it in the process. Then I was researching what happened to the firm and found the bankruptcy story online. I found out that the ESOP went to John Hancock and now I get a monthly bank credit for the rest of my life. Most lost money is scooped up by the state treasurer. Most pension plans are registered with the Feds. Consumer Reports provides guidance. I have been through many sites for my family: https://unclaimed.org/. My family has lived in 8 states. They have used closed federal savings banks: https://closedbanks.fdic.gov/funds/. They have used credit unions: https://www.ncua.gov/support-services/conservatorships-liquidations/unclaimed-deposits. They have had pensions: https://www.pbgc.gov/sites/default/files/finding-a-lost-pension.pdf and retirement funds: https://www.unclaimedretirementbenefits.com/. I wrote to the insurers directly since I knew my family had specific policies. If you moved waiting for a tax refund: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp. Query your state tax dept: https://www20.state.nj.us/TYTR_TGI_INQ/jsp/prompt.jsp.

Found money is fun: https://www.amazon.com/I-dont-have-money-Financial-Emergencies/dp/1537636707

 

How much do you have to pay for student loan repayment plans?

There are three options for an approved income-driven repayment (IDR) plan: it allocates 10% to 15% of a borrower’s “discretionary income” for the monthly payments. You pay loans on a 20- or 25-year schedule and then the government will forgive any balance that’s left over at the end. You might end up paying more in interest over this timeframe. You must recertify each year to verify your family size and income—but income-driven repayment may be the best plan for you. The gov calculates the payments using a formula. TIP: contributing more to your work 401(k) lowers your adjusted gross income, and in turn lowers your payment on an income-driven repayment plan. However, at the end of 20 or 25 years, you may need to pay taxes on the remaining forgiven amount.

Plan ahead: https://www.amazon.com/Education-Funding-Save-right-plan/dp/1482549956

 

How much do we taxpayers subsidize Walmart, McDonalds low-wage structure?

A family cannot survive on $7.25 per hour—about $18,000 a year—the same wages earned in 1987. Since a family has to pay rent, utilities, insurance, transportation, clothes, etc, the total expenses average above $30,000 a year. Depending on the number of children in the household, our taxes subsidize the base family income through programs like food stamps $8,160, EIC $6,660, CTC $3,000. These are the totals possible for more than 2 children. Most workers earning minimum wage have children in the family. Many do not have spouse earnings. States and Congress have kept wages low in order to gain the election donations of large employers like Amazon, Walmart and McDonalds. In effect, the government is subsidizing America’s big business. Most people would call this Socialism. It is socialism in the way we taxpayers allow corporations to take larger profits. Their labor costs are reduced because we pay almost HALF their workers’ incomes using special relief programs. The rest of a worker’s survival income comes from working another job or a spouse’s income. Corporations pay little or no taxes so the burden falls on tax payers. Most corporations use foreign subsidiaries as a tax haven. Most of us can’t afford a tax haven. Our socialism: private profits; socialized costs.

https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584/

 

Is a 2% wealth tax right for you?

Besides inheritance taxes, the only wealth tax currently in place is the property tax, which hits the middle class hardest. According to a 2017 analysis by economist Edward Wolff, this is because a primary residence represents the majority of a middle-class homeowner’s assets, whereas only about 7 percent of the wealth of 1 percenters is tied up in personal real estate. Senator Warren’s proposal calls for a 2 percent tax on fortunes exceeding $50 million. So if you have $100 million in assets, you’d be taxed on half of that, and your bill would be $1 million. Most of us are taxed on earned income so this tax might help pay for the massive tax breaks given by Congress recently. We pay sales taxes which hit the poor in the face. The rich don’t buy much at Walmart. The rich get richer because long-term investment gains are taxed at a much lower rate than wages, and only about half of Americans own any stocks, our progressive state and federal income taxes have been insufficient to curb the nation’s staggering—and growing—disparities in social and economic well-being. The wealthy will never miss the $1 million in tax because asset value compounding will double their $100 million to $200 million in about 7 years. $200 million less $1 million still leaves $199 million. They can easily get by. Plus the IRS will never find/appraise all the assets of the wealthy. They will just move the yacht in Nassau. Better: a securities transaction tax on high-income people. It can raise a lot of money from traders and corporations. These Biden changes are what keeps rich up at night.

Learn their secret: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

 

 

 

Have tax forms; will file … for FREE

W-2, unemployment, SS benefits, IRAs, pensions, RMD, brokerage, etc. If you have all your forms, file for FREE online. If you didn’t receive a correct form, file a Form 4852.  Usually filing your state return costs as little as $15 unless you buy the Pro helpline. Avoid $300-400 paid preparer fees—new IRS forms mean higher fees. Unemployment insurance is TAXABLE on the Federal income tax return; not on some state returns. Some states do not tax your SS and pension benefits. Retirees did not have to take their RMDs in 2020 so taxes may be less: it was a good time to convert IRA to Roth IRA for tax-FREE future. Unless you were self-employed, you can’t deduct home office expenses of working from home. Some states continue the health insurance mandate and penalty unless you have an exemption. Since the IRA contribution deduction has no age limit now, you may reduce your income/taxes by making a contribution of up to $7,000. The standard deduction went up to $12,400 single; $24,800 joint. Jan 15 last day to make 2020 estimated payments. You have to report your April/May and December/January stimulus payments even though they are not taxable. Some of us receive a bank credit; some a debit card; some a check. Even if you don’t have to file, you should file so scammers can’t use your SS number to mess up your IRS file. Tested E file software ratings. Efile Jan 15; IRS processing Feb 12.

E file avoids covid at your preparers’ office: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

 

 

**********ACCOUNTABILITY**************

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" 

 

Dictator image worship: Bow down

 

Terrorists still called ‘militia’: militia is National Guard/Bunker Hill patriots

 

Terrorists plan to 'blow up our Capitol'

 

FBI: 1,400 Terrorist in Trump’s failed Coup

 

Trump’s Pentagon took 3 hours to approve Guard for Capitol police: result 5 died

 

 

Our ‘Truth and Reconciliation Commission’? 

 

 

How Govt wastes our money:

We subsidize $7.25 wage ($18,000) with food stamps $8,160, EIC $6,660, CTC $3,000.

CA town paid every citizen a basic wage: employment went up not down.

 

We bought 400 million vaccines but 41% of us don’t want to take it: more die 515,000 +

Senate to limit stimulus checks to income under $80,000 single; $160,000 MFJ couples

Kentucky citizens will stop working if given $1,400 McConnell insults his own citizens!

 

McConnell wife Chao uses our money to pay staff over $15/hr to do her personal errands

Wealthy say they already got $ millions in 2017 so they don’t need another Covid check

Wasted money: Police ask for Guard for 2 more months: Trump’s gone so no 3 hr delay

 

SCAMS/SPINS:

Bishop Accountability: What does it take to make them accountable hiding sins of abuse

Hospital charges reinstated: $1,000 for COVID treatment as ‘grace period’ ends

GOP vs Trumpists: follow the money in PAC: democracy’s future depends on cash!

 

Trump really has GOP in pocket: even man he tried to assassinate drinks his Kool-Aid

Trump vows to end traditional GOP party: “Get rid of them all” hundreds cheer

 

We never get to vote again: GOP suppresses voting: elections rigged if GOP not win

 

Still need masks: Another vaccine but still 3,000 die every day: 525,000

SD scam: Gov claims NO mask success but really means 2^nd most virus cases per capita\

Can schools be free of virus with toxic chemicals or big fans in the windows?

 

Scammers fake videos, pictures, tweets, all to manipulate us to hate others. Sorry state!

Scam lesson book: “Summer of Scam,” and 7 stories to teach us scamming

Block those unwanted robocalls on your phone: block all not on your list

 

Boy Scouts offer $300 million to pay off victims of child sex abuse: no prison for adults.

Bishops tell Catholics to skip J&J vaccine despite Pope OK

Biden: “Indian-descent Americans are taking over the country” really? Joe, look in mirror

 

Facebook costs you money but you may not even know how it does it.

Christopher Fulco NY caught frauds $1.6 million promised special invest: 3 yrs prison

BrightSpeed Solutions K. Howard IL caught working internet fraud on payment process

 

BEWARE: Visit no Covid regs states at your own risk: Map of states to avoid

Biden disses Neanderthals: insult our ancestors in comment on TX MS

 

IRS: Easy Steps to Protect Your Computer and Phone and Avoid Phishing Emails.

IRS: Free special ID protection PIN goes on your return so scammers can’t take refund

IRS: Previous tax returns available online: https://www.irs.gov/individuals/get-transcript

 

Is it a scam?  Check AARP scamline 877.908.3360.

 

Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Find tax preparer: https://www.irs.gov/tax-professionals/choosing-a-tax-professional

 

Check Social Security: https://blog.ssa.gov/

Safeguard data: ConsumerReports help: https://securityplanner.consumerreports.org/

 

Jobs

1/3 troops declined vaccine: “unsafe” or want sense of independence: Trump got vaccine

Biden to change Trump regs: Independent Contractor definition, foreign workers

1955: year top 10% Americans started taking more and union membership went down

 

Who owns your account now?

Stricter Gym Precautions COVID-19 Outbreaks Linked To Gym Practices

Best Hospitals area: https://www.healthgrades.com/quality/hospital-ratings-awards

Google offers business breach insurance: insurers see what controls in place at firms

 

Which cars to buy in ’21: Consumer Report makes a list: Is it the safest?

Wealthsimple's U.S. Business to Betterment

 

 

Miracles:

NJ plumber drove to Texas with his family to fix burst pipes: brings wife and apprentice

Six-legged puppy? Variants abound in nature

Supremes decide NOT to hear another pitch for Trump election reversal: The Big Con!

 

Supremes decide to limit voting participation: Trumpism wins by stopping voters’ votes

 

Biden to give homeowners more time: longer for foreclosure deferral

TX everyone can get sick now: even fish can learn to wait for better future

 

 

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

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

How to get your retirement fund back on track

How to get your retirement fund back on track

For those of us who have jobs, the most important fact is that no one knows what will happen with our investments. Forget trying to time the market or taking anyone’s advice about the next big thing. We are not going to refill our retirement fund quickly. This event will have HUGE unforeseen consequences. Instead of putting our faith in one person—broker, advisor, neighbor or newsletter—we must hold fast to the market growth over time. The market is down 8% so far this year. A balanced fund is down 2%. Since there is no silver bullet, patience must be our watchword. If you are waiting for your job to return, resist the impulse to raid your 401k or other retirement fund: You give up all your future compounded earnings. Exhaust all the other alternatives first: cut expenses, claim refunds on ongoing contracts, sell what you can, ask for help from employer, landlord, creditor, etc. Last crisis, we lived on credit cards instead of touching our retirement fund. Cash-out your old savings bonds. They probably aren’t earning interest anymore. Loans on cash value life insurance are more expensive than using it for loan collateral. Sell one of two cars. Use your ‘Go to Hell’ fund.

https://www.amazon.com/Reset-Your-Retirement-Income-retirement/dp/1512304344

Conservatives want Free-market capitalism

TV star Glenn Beck says conservatives want free markets but do they really? Beck would not be able to right off his expenses as deductions thus lowering his taxes. He would not be able to obtain subsidies for his operations—subsidies we tax payers have to pay for. Free markets praised by conservatives brought us dirty water, air and violence. Richard Nixon had to create the EPA to control them. When companies are free to pollute, they do, move on and then our taxes have to clean the pollution. When companies are free to manufacture unregulated/tested products they kill us. GM killed over 100 because of a $2 faulty ignition; Purdue killed thousands with addictive opioid; NRA promoted guns as mainstays for manhood so America’s unarmed deaths by gunshot soared. Beck makes up stories to satisfy those Americans who feel left behind, left out and left alone. His theme that socialism is a costly and dangerous failure that leaves desperation, poverty, and bodies in its wake is exactly what we have in American’s poverty life. In our capitalist system, the poor are hungry, alienated, and without health care. The rich move their money overseas so they don’t have to pay their fair share of taxes. Check the list of subsidies that we taxpayers have to give large corporations so they can have more money. Even the private jets get paid for by us. America has socialism—socialism for the rich.

Stop paying so they can have more: https://www.amazon.com/Americas-Socialism-Rich-little-people-pay/dp/1535218584

Scared people buy annuities: which is right for you?

Indexed annuities sales grew by 44% over the first quarter of 2019. Indexed annuities offer some protection against stock market losses, as well as the potential to profit from the market’s gains. While investors could benefit from gains in the stock market, the annuities also guaranteed a minimum rate no matter how poorly the market performed. Insurers don’t lose money so that guarantee comes at a hefty cost. Fixed annuities are like a bank account with a fixed rate of return. You earn less because the insurer’s current bonds pay less. Variable annuities provide performance based on an underlying portfolio of mutual funds. You pay fees for the annuity and for the funds so the value can fall over the short term. You have costly tax-deferred growth and a death benefit. Finally, immediate annuities pay a fixed amount starting the next month. They guarantee that amount for your life so inflation can cut your real income in HALF over 20 years. Annuities are almost impossible to cancel so they are used to supplement your retirement incomes. The bulk of your retirement income should be from a balanced mutual fund: stocks for growth; bonds for income. Some funds have low fees so you earn more.

Consider alternatives: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

If it takes a village, the village idiot is in charge: “metrics up here” (his head)

Mobster declares: “We have the right to do whatever we want”

What our prez should sound like

'vaccine or no vaccine, we're back': 90,000+ deaths

“Testing overrated” “needlessly drive up the numbers”

Mobster gets money to destroy our world

States sue Mob’s EPA to un-destroy world

More Trump felons go free

A crisis brings out the worst in would-be dictators: Easy to end democracy

Department of Justice becomes political tool of ‘The Leader’

All the independent Inspectors-General have been fired

Anti-democracy judges approved by Senate

Anti-voting laws enacted in GOP states

National emergency powers

Lying kills a just world

How Govt wastes our money: Congress spends another 3.7 Trillion we don’t have! 

Another corporate socialism giveaway: business loans forgiven for the well-connected

How foreign corporations get our tax money for virus bailout: Arthur Levitt: lobbyists!

Trump holding back ½ TRILLION virus relief money: for friends/family; private jets?

Trump donor becomes his advisor on reopening: money buys power: donor gets $1.3 B

Like 1930s, immediate jobs with pay are needed economically and emotionally.

Biden: “I’m not Trump or Obama” What does that mean for our future?

Trump gives C-19 drug-making $1 billion contract to company started in Jan. Payoff?

96,000 dead: when do we start testing: you can only get test if you already have virus symptoms.

CDC: more than a third of coronavirus patients don’t have any symptoms at all, 40% of virus transmission happens before people feel sick. 

SCAMS/SPINS:

TX virus cases explode by more than 1,800 in a single day: back to work/death

FL reopening w/o tests: data on virus cases has been deleted by new Gov’s team

Reopening increases virus: close contacts makes pandemic real for newly infected

New C-19 cases temporarily stopped production at two Ford plants — two days after reopened. 

Trump screws National Guard out of benefits: helping with virus benefits cancelled

Live free and die: Trump’s Health Officer promotes sickness for election

Trump followers believe WH propaganda: virus, cures, work, media, science

Twitter messages are from fake people: bots spread misinformation, lies

Trump’s FDA says his friends, GOP VIPs, will get the vaccine first.

Trump: change death count so fewer people die: Trump decides if you died of virus!

Insane Son Eric: Virus is Dem hoax: vanish after election: deaths are not virus deaths

GOP states are destroying DEM voters’ registrations: only way to win in Nov.

TX halts mail-in ballots for DEMs : Trump is against mail-ins for DEMs: OK for self

But Trump does NOT spend 184 days in FL so voting as absentee resident is illegal!

Trump already agreed NOT to live at MarLargo: Club status in question.

Trump withholds virus money from MI for sending out ballots: Is it legal? NO!

Hackers use our SS numbers to claim unemployment for employed folks: state loss

Fake car dealers/shippers take money up front for low-cost cars: Not real cars

Currency scams are old: people still fall: Check reliable sources: EG: Dong Dinar

Now time for Gold? buy at high prices guarantees a loss in time.

Class-action suits to recover your prepaid expenses: gym, airlines, events, etc etc etc

Scammers use church lists to ask for money in name of clergy: folks never check clergy

Scammers use fake photos to mislead, confuse and make us do stupid things. Putin?

How to verify a (conspiracy) theory is true: trust researchers; less biased? fake news?

NJ dispels fake news rumors and disinformation C-19 plus phishing, malware, fraud loan

Trump family caught scamming poor and vulnerable teens looking for biz opportunity.

Real estate buyers with cash wait for sellers to cut prices: low mortgage rates

CEOs Are Cutting Millions Of Jobs Yet Keep Their Lofty Salary and Bonuses: Bailouts

Merrill Lynch caught unregistered exec runs brokerage unit: fine, no suspension

Morningstar Ratings caught failing to separate analytical function from sales/marketing

Jobs

James Cash Penney closing some stores: Apple retail head failed to upscale it.

Priest uses holy water squirt gun to bless cars as they drove by. Really??

Obama on our future: We have to make it.

Pier 1 closing its doors forever, shutting down 540 stores after failing to secure a buyer 

Who owns your account now?

$15 T-Mobile unlimited plan has a surprise

Eviction protections? State and Fed help may save you

Money market funds close as rates too low to support fees: low-cost funds benefit

Miracle:

Nasal swab tests less accurate: through the nose into the throat. The kits will cost $135. 

Potential vaccine generated an immune response similar to that in people who recovered.

Some feel virus is a sign that we have lost our humanity: Changes must be made.

Free financial advice legit planners volunteer: https://www.napfa.org/hub-for-help

More clerical child sex abuse lists in Poland: John Paul’s legacy has been stained forever.

Is treating yourself smart Hydrox pills can trigger serious cardiac side effects Pence not on pill.

Virus reopening getting restaurants to clean bathrooms, finally.

Antarctica: snow turning green from climate change

IAN

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