Three ‘Disrupters’
helped me create my retirement fund
In the last 25
years, three financial innovators have brought forth a better way to invest. For
those of us who know we could never pick the right stocks for the long term,
the better way assures us of 10-11%
average annual returns before inflation. We can count on doubling
our money every 7 years over time. And we have no stock-picking anxiety or
high fees to stop us reaching our retirement fund goals. S&P
500 returns over time.
First, on
Second, in 1997,
Senator Roth got a bill passed that allows us to invest after tax dollars today and spend tax-FREE dollars later. That
means that over our working years, our contributions can compound earnings
without ever having to be reduced by taxes. The growth of our portfolio can be
spent without taxes. For me, the $3,000 a year contributions have produced
enough for a comfortable retirement and I can spend it all.
Third, one of the greatest
investors proved that we don’t need
a broker to pick stocks that help us reach our retirement goals. He showed
us that patience can replace brute force in portfolio selection. We don’t need
to try to pick stocks to earn
over 10% on our money when we are patient investors. Warren Buffett: “The
stock market is a device for transferring money from the IMPATIENT to the
PATIENT."
https://www.amazon.com/Disruptors-Three-Innovators-increase-WEALTH/dp/1720857563
I saved over $3,000
a year by one change
Financial sellers
can take 1-2% of our total portfolio value every year. That means we may be
giving away $2,500 to $5,000 every year on our average retirement nest egg. As
our fund grows, we give up $10,000 a year on $500,000. That $10,000
loss could grow to nearly $30,000 in 10 years if invested in a low-fee
account. That savings could cover our taxes when we retire or increase our retirement
spending when we use a tax-FREE account. There is no evidence
that a financial ‘professional’ can beat the market average gained from a
low-cost index fund. So we are better off paying a set planner fee when we need
advice instead of allowing a product seller to take $10,000 a year for few if
any market insights. A financial planner can answer our questions with less
bias than a seller whose living depends on selling dubious products. My
experience working with brokers in a firm convinced me to find a better way to
reach my money goals.
I found a better
way: https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545
Why your returns are
always lower than the funds/ETF you invest in
Gaps in personal
versus fund returns are typical. Another study found that “investors’ total
annual returns came in roughly 1.7
percentage points lower than returns for the mutual funds and ETFs they
owned.” We tend to jump in when we think the fund is producing higher returns
only to find we missed the peak. Volatile funds tended to experience wider
gaps, the report said. Few investors can follow
Save $ Billions: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Your options if you
started investing late
What can you do if
you have not invested wisely and you are age 50 or older? As you have heard,
investing early is the secret to a comfortable retirement fund. Starting at age
25 with $250 a month invested in a low-cost stock index fund will provide about
$1.1
million in 40 years. Starting at age 50 would require over $2,500 a month
for the same outcome. Of course, inflation
reduces the value of your account by 25% in about 20 years. Most late
starters just keep working for as long as they can unless their situation
allows them to live on SS benefits or pension alone. (90%
of Americans Plan to Claim Social Security Before 70.) It is always a
compromise so some do both: work and invest as much as they can for as long as
they can. There are no answers that fit your circumstances perfectly of course.
However, just knowing you have a problem can get you engaged in fixing it.
https://www.amazon.com/dont-have-money-Financial-Emergencies/dp/1537636707
Is a target-date
series with annuity right for you?
More insurers are
trying to force retirees to buy an annuity automatically with their retirement
benefits. Employers think this is great since it helps them dump the liability
of payment without informing their employees of their other options.
Transferring benefits to a low-cost mutual fund payout is never considered.
Retirees are hit with more fees and charges for the rest of their lives—only
the insurers benefit from this “pension-like” mode of receiving retirement
income. Creating more retirement income by using a low-cost mutual fund
automatic transfer mode can save over 2% in annual fees deducted from the
insurers’ products. Granted that an annuity guarantees a fixed income for life,
retirees do not compare the costs if the mutual fund payout option is not
presented by the employer. In fact most mutual fund firms are happy to complete
the necessary paperwork for the retiree if they are asked to help move the
benefits to a low-cost income account. Retirees do not need an expensive
annuity since the mutual fund can provide a fixed income benefit as well an
insurer. The increase in monthly payments to the retiree can be considerable if
the employee is shown both options.
Ask for help: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573
?**********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
Mobster: “IF
YOU GO AFTER ME, I’M COMING AFTER YOU!”
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
We are tired of Congress
getting paid for doing nothing except fund-raising
Inflation
tumbled from 9% to 3% the historical average
for the last 25 years: not Fed 2%
F-35 fighter jet is
10 years late, 80% over
budget: 30
millions without health care
NASA launches expensive
Deep Space Optical Communications increase data to Mars
$50 billion and
counting: Seniors’ delinquent medical
bills: many fake charges
Stereo A cost $½
billion repeats what we did in 2011: could have fed millions
SCAMS/SPINS:
Texas’
abortion ban is too restrictive for women with pregnancy
Supremes: can’t let opioid
Sackler family avoid jail for killing
70K people annually!
Our credit card
debt hits a record $1 trillion: average card charges near-record 20.53%
As jackpots swell to
record sizes ticket
sales are waning: we are tired of losing
IRS Ruling on crypto
Can
Save You Money
More scams; more
crypto scams: $8.8 billion — a 30 percent increase from 2021
Wells
Wells Fargo accounts
are missing
our direct deposits: promises to look for them
PNC Bank accounts Missing
Balances, Access Problems
Prevagen works no
better than placebo and can’t
cross the human blood-brain barrier.
Ram 1500 pickup
trucks can lose
power-steering assistance: 1.1 million pickups
Soft Serve On The Go
Cups NJ
ice cream recall: Listeria Outbreak
Your Scared Kid on
the Phone could be a Scammer
Using Voice Cloning
Feeds homeless with
own food tried and jury
finds not guilty
Drug
user cannot be barred from owning guns, US court rules
Electric
Car Range Can Fall Far Short of Claims
Insurers
dropping Kias and Hyundais: risk of theft—lack electronic immobilizers
10 New Cars with the
Steepest
Price Markups
4
million in U.S. cut from Medicaid: mostly paperwork
Nursing homes fight over
a proposed minimum
staffing requirement: already short staff
DeSantis
makes AP Psychology course unacceptable at college level: students
rejected
Ron
DeSantis suspended another top prosecutor: Dems
replaced by Ron’s posse
Trump judge seen creating
a government-endorsed
thought police for lawyers not liked
Previously secret memo
laid out strategy for Trump to overturn Biden’s win: his intent
Child
shot by Chicago man who didn’t like the noise
Jobs
Tech jobs: https://jobs.interestingengineering.com/
Immigrants again fill jobs current workers do not want: big
oil vs GOP anti-immigrants
jobs.interestingengineering.com/
Second Chance hiring helps
people with former offenses build stable lives
Labor
Shortage is Most Severe in These 13 States
Who owns your account now?
RMD
Rule Changes: 3 Common Questions
Google tells when your
contact
information is showing up on [Google] Search: options
Best
Investing Apps for Beginners: easy but watch the fees
Cut Your Health Care
Costs: shopping
can reduce costs
We moved West and South since
2012
Social Security's spousal
benefits are a point of confusion for many
Become news-literate with Checkology.
Are Roth Conversions
Really
as Good as They Sound?
Retirees
Can Stretch Their Savings
32 Retailers That
Offer Senior
Discounts
Insurers
must look for your life insurance policy beneficiary: holding benefits is
wrong
Miracles:
Wearable ultrasound
scanner could detect
breast cancer earlier
It’s winter in
Targeted
chemotherapy able to kill
all solid tumors in preclinical research
Scientists repeat fusion
ignition breakthrough: more output than input!
Weight-loss drug Wegovy
cuts
risk of heart disease by 20%
New
treatment for Age-related macular degeneration using retinal epithelial
(RPE) cells.
Liquid-metal battery
operational in 2024: effective
for two decades without decline
Floating solar
panels provide unlimited
solar energy to densely populated countries
@
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
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.
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
