Your RMD will tell you how much you need in retirement

 

Your RMD will tell you how much you need in retirement

When you save for retirement in a 401k, 403b, IRA, or other deferred taxation account, you will need to pay the tax when you retire using IRS rules. The required minimum distribution (RMD) will be about 4% of your total of all your deferred account balances every year beginning at age 72. The formula recalculates each year based on your previous year’s balances and your rising age. Your mutual fund company or broker will do the calculation so you don’t get a penalty for a mistake. However, to answer the question how much do you need to save, you can use this handy AARP calculator. https://www.aarp.org/work/retirement-planning/required-minimum-distribution-calculator.html. Here is an example:  If you’re 72, for example, the distribution period is 25.6 years, based on the US life expectancy. Then divide your balance by the distribution period. Let’s say you have a combined $100,000 in your tax-deferred retirement accounts. $100,000 divided by 25.6 is $3,906.25, which is the amount you must withdraw annually. If you are in the 25 percent combined state and local tax bracket, you’ll owe $976.56 in taxes on your RMD. The tables change as well as the US life expectancy, so don’t use this calculator to determine your RMD for yourself. You can take your RMD out of one account, or take bits from each one, so long as you withdraw the required minimum. You can take more.

https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

 

It can’t get much worse

The S&P 500 growth-leaning stocks are down 22% YTD. If you are concerned you should buy this index in a low-cost fund since over most history, this index has regained its strength within a year. The exception was 1973 when the whole banking system collapsed. We don’t have that imbalance this time. The stock market has fallen back to the level it was in March on 2021. More likely the high employment and thus consumer demand will help provide impressive future returns. The alternative is taking your losses and moving money to 3% CDs for 15 months. No one knows for sure so when your brilliant advisor suggests an alternative be sure to query their analysis. Keep in mind that low-cost index returns have been tested over time: “In every single time period and data point tested, low-cost funds beat high-cost funds.” That goes for every sector of the economy too.

It’s your money: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082

 

Ideas that wreck our investment success

“I hold on to losing stock because I must wait to recover my losses.” This means we are too emotionally attached to a fantasy. “My stock pick rose 10 days in a row. I’m a genius picker.” This means you had beginner’s luck and look out! “My pick’s success prove that my next one will also be a success.” This means your luck is derived from a growing market where all boats rise with the tide. “My picks were also chosen by the Journal. I must know something about picking winners.” This coincidence means another of the millions that follow stocks saw what you saw. “My last 3 picks have been losers so my next pick will win.” This means you are a gambler not an investor. “I got a bonus at work I did not expect so I am blowing it on this stock.” You are a gambler. Take Buffett’s advice and become an investor in great companies for the long haul.

https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963/

 

Ideas that ensure investment success

Investment success is defined as reaching your goals long-term. Investing is not gambling where you are looking for a short-term windfall. Investing in the companies that make things or add value to the world require commitment to putting money into expansion with the hope of gains later on. US companies as measured by the stock market price and dividends have shown compounding wealth at about 11% per year on average over time. History of annual gains are recorded here. From 1871 to 2021 the growth rate is 11%. When you compare the stock market returns to other asset returns, you find the equity index holds at 11% while the gains for different assets are much less. Equity accounts managed by ‘professionals’ earn more for all time periods. Costs matter. Over 30 years the difference is stark: 11.06% vs 3.79%. Thus the ‘safest’ investment is a stock index fund that is continuously funded in order to maximize the “miracle of compounding.” Contribute $9 a day, $250 a month and own $2,000,000 in about 40 years. Use a tax-FREE account with a low-cost stock index and pay no taxes on your gains.

https://www.amazon.com/New-American-Retirement-System-Reserve/dp/1461030072

 

Cut taxes in retirement

If you feel you are paying more tax now than before you retired, consider these options. First, you must pay income taxes on the money you saved in a tax-deferred account at work. You may also have to pay tax on your Social Security benefits. So you may be able to convert a portion of your IRA to a tax-FREE future by staying in your current tax bracket. Your tax preparer can help with this calculation. Second, tax on capital gains is lower than on income so take some gains. Third, consider not selling assets this year. Fourth, plan charitable giving so you maximize your deductions. Fifth, delay taking or making taxable income. Rental real estate or other self-employment is a great way to defer taxation. Sixth, switch investments to non-dividend paying securities that diversify your portfolio. Buffett’s Berkshire Hathaway is one with many different subsidiaries. Market index funds are tax efficient.

https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977/

 

Employees say they don’t want traditional “retirement”

84% of employees say they want ‘financial independence’ not traditional concept of retirement. 55% say they would give their employer more personal data in return for personal financial strategies. However, employers don’t really want to provide strategies for their workers. They already have shifted the burden of ‘financial independence’ to workers by canceling paid pensions. Now some employers are not even meeting basic fiduciary requirements in their 401k plans. Workers must decide on the amount of contributions for a comfortable future income stream. They must also choose which investment options to use in their savings’ plans. However, because workers are not able or capable of making these complicated decisions, employers are essentially wiping their hands of this responsibility. Actually employers do not want ANY responsibility for their workers future financial success or failure. Workers have had to sue employers just to be fair with their savings plans. Employers sell workers the most expensive version of their company stock, the most expensive mutual funds, and the investment options most beneficial to the plan administrator or broker.

https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

 

Advisor/broker must follow the new communication rules

They can’t lie/misspeak to us anymore:

1. Includes untrue statements and omissions;
2. Includes unsubstantiated material statements of fact;
3. Includes untrue or misleading implications or inferences;
4. Fails to provide fair and balanced treatment of material risks or material limitations;
5. Fails to present specific investment advice in a fair and balanced manner;
6. Cherry-picks performance results or otherwise presents performance in a manner that is not fair and balanced; or
7. Is materially misleading.

They have to keep a record of what they communicate by any means. The modernization of archaic regulations has seen digital platforms enter the SEC’s jurisdiction, and compliance demands are about to increase drastically. They can still talk a great game so we may need to record a call.

 

?**********ACCOUNTABILITY**************?

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

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

 

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

 

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'

 

 

Nov 8 2022 Trump’s “national revolution”

 

Jan 2025 Dictator pardons himself

 

How Govt wastes our money:

Migrants lured onto MA flights: false promises of housing and jobs: Nazi trick Jews too

Even TX GOP Cruz says kidnapping people is illegal: Hitler got popular by this trick

Northern states will send homeless population to deSantis’s warm climate for winter

 

Can a TX sheriff really indict FL gov DeSantis for migrant ‘relocation’ program?

Conspiracy Theorists Want to Run America’s Elections

NJ Court Strikes Down State Law That Gave Millions in Tax Breaks to Casinos

 

Fed: loss of jobs price we pay for higher inflation from huge corp profits

Can Congress actually reform the vote count process: Trump’s next ‘coup’

Trump will delay his legal jeopardies until GOP prez can shield him from prison

 

Aimee Bock MN caught theft $200 million for hungry kids’ food: fake docs

John Davis MS caught diverting federal funds for needy to own projects/friends

 

Are we really ready to soldier another foreign war? We declined fighters for Ukraine

 

SCAMS/SPINS:

GOP sex trafficker Gaetz sought pardon BEFORE arrest: only guilty need pardon

Trump OH rally of his Q “army”: uncanny resemblance to the infamous Nazi salute.

 

Trump warned last year about stealing US documents by his lawyer: dictator’s act

Trump’s immigration plan: bus murderers, rapists, criminals to Dem cities in 2019

GOP NM candidate offers chance for firearm for $100 donation: getting serious

 

GOP plans to reduce Social Security benefits: Congress can’t fix scheduled cuts 2034

 

Biden thinks ‘pandemic is over’: my town is giving Boosters for Covid weekly deaths

 

Biden calls the Queen “decent”: ‘people need decent homes’

 

Boeing caught misleading investors, public re: safety of 737 Max: kill 346, fine no jail

Shawn Everett Good NC caught Ponzi and laundering: promised low-risk

Morgan Stanley caught failing to secure personal data of millions of customers fine

 

Waddell & Reed caught for overcharging: keeping clients in wrap fee accounts fine

John Mendes, CA caught profit insider trading on friend’s info of acquisition fine

James Arthur McDonald Jr. CA caught risky trading lost $millions for clients

 

SCAM: 10 top scams on teens: media, shop, ID, contests, grants, debt, auction, ‘freebies’

SCAM: Geek Squad service renewal is fake ignore and call the Geeks on your contract

SCAM: 42% of people still pay for subscriptions they don't use.

 

Media encouraged people to cook chicken in NyQuil  teens end up in emergency or die

 

Credit check: AnnualCreditReport.com is free: credit score from most cc providers.

Recall: Nissan pickup trucks: they move automatically (no driver) in park

Tesla recall 1.1 million vehicles windows don’t close in crash

 

Putin orders up 300,000 more reserves plus prisoners recruited to die like heros

Putin's Top Priest Tells Russians Not to Fear Death Amid Mobilization: just leave Putin

 

Jobs

Rich people got PPP bonus for not keeping workers employed

Scam jobs: pay fee, shopper, entry, envelopes, med billing

Jobs no current citizens want to hold: immigration is vital to future US survival

 

Ask for raise: Office work costs twice as much as home working

 

Who owns your account now?

3% interest for 15 mo CD: no minimum: emergency fund idea

10 Places to Get Free Online File Storage

National Parks entry is free on Sept 24 and Nov 11: https://www.nps.gov/findapark/index.htm

 

Best Free Antivirus Software for 2022: you have no excuse not to protect your data

Are the iPhone 14’s big changes worth another $800 + tax? Shakes, cut/paste, black out

 

Miracles:

Poverty in richest nation overcome by special programs for deadly sickness: wealthy too

photovoltaic glass: convert almost any glass sheet or window into a PV cell.

Cooling without electricity: future without warming outside?

Queen’s last trip in photos in case you couldn’t make it to London:

 

Gaza farmer unearths Byzantine-era mosaic

Above law: Trump could declassify with Executive Order: none for nuclear code/docs

Cancer death rates fall steadily in the US, with more survivors than ever

 

 

 

 

 

 

 

@

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!

There is no TIME at this level because of force fields come and go in all directions. 

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

“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 election itself.

 

 

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/

 

What to do if your investment account is down?

 

What to do if your investment account is down?

Hey, everybody has “lost” money in this market—on paper. Do what the Fed is doing with its $330 Billion “loss:” Fed carrying $330 B in unrealized losses on its assets according to Q1 financial statement. DO NOT SELL. If you need some cash before the market rebounds, sell $3,000 in down securities. You can deduct this amount against your other income on your taxes. You can avoid the two KILLERS of wealth accumulation—taxes and fees. Life is not without emergencies so wise investors have funds they can always tap if needed. Your paper “losses” can be overcome by waiting. Since 1871, the stocks in the broad market have maintained an annual return of 11%—a real return of over 9%. Unless you are a market timer, hold your assets like the Fed. Assets will again provide you with a long-term positive return. No one knows how long but if you sell you will definitely suffer a long-term loss of years of 11% accumulations. Don’t watch acct!

Use your “Go-to-Hell” fund: https://www.amazon.com/Your-Go-To-Hell-Fund-goes-hell/dp/1492325627

 

What to do if you don’t have a tax-advantage account at work?

Folks with 401k or 403b at work get to defer taxes by lowering their taxable income. They pay the tax on this income and the earnings on this income when they retire after age 72. Some employers even give them money to contribute. But many people don’t have this offer. Actually, those who don’t have a plan at work can get an even better deal—a tax-FREE retirement plan. By paying tax immediately, your contributions and their earnings can be completely free of federal and state income taxes. You can spend all your nest egg with no taxes. This also means your Social Security benefits (usually taxed up to 85%) may be tax-FREE too. Example: contribute your tax refund (averages $3,000) each year for at least 34 years and never pay tax on over $1 million. Warren Buffett is your advisor. You can spend the $102,000 contributions and the $919,768 earnings with no taxes. Even if you have a plan at work, you can use this IRS-OK account too.

https://www.amazon.com/New-American-Retirement-System-Reserve/dp/1461030072

 

Show your kids, grandkids how to build a $1,000,000 tax-FREE nest egg

Show them how to build a nest egg from the savings on all the financial services they buy. Most people waste $3,000 a year on overcharges. Our financial industry Insiders show you the "tricks of the trade" so you save up to $3,000 every year on banking, mortgage, education, 401k mutual funds, securities, annuity, insurance-life, health, disability, long term care, vehicle, homeowner's, lawsuit--vehicle purchase, estate legacy, wealth transfer, retirement spending . . . almost any service. You buy the best financial services and avoid high fees and commissions. Your savings builds your Wealth Reserve over time. You buy where we Insiders buy! Our Insider's Guides help you find the savings so you can build your ‘Wealth Reserve’ to protect your lifestyle, now, and into the 21st Century. Your Unbiased Advisor: "Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime." Our Insiders show you how to SAVE $3,000 every year by buying your financial services online DIRECTLY—cut out the middle person’s fees, commissions, charges. Use your tax-FREE account.

https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X/

 

Is passive index investing right for you?

Pick your index fund: over time, your diversified investments grow at about 11%. Investing your annual tax refund of about $3,000, it’s worth about $55,684 in 10 years, $213,795 in 20 years and $1,021,768 in 34 years. As Warren Buffett says, his fortune is due to compounding. Without compounding, our $3,000 for 34 years would be worth only $102,000. Of course the people who make money from your money will claim that they can make you even more money. However, even Buffett admits wise stock picking doesn’t last forever. No one has the perfect analytic tools to make perfect choices all the time. Buffett did well because he began investing early and his dad was a broker. He learned wise investing from Benjamin Graham at Columbia U. Unless you have insider information about a stock, you can reach your money goals easily just by using Buffett’s best advice. And your $1 million can be tax-FREE.

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

 

Are you ready for Medicare living help?

In 2020, about 50% of Americans living alone lacked the resources to pay for their basic living needs. 50% of elders in the richest country in the world can’t afford the basics! What kind of society does that? Some states are helping by covering the cost of Medicare Part B which costs $170.10 a month this year. Some cover Part D—prescriptions. Costs will go up next year with inflation over 6%. You may qualify for help if your total income is less than $18,347 (single) or $24,719 (couple). However, if your rent, utilities and phone are over $1000, you can’t afford much food or transport. Forget about getting sick—Medicare does not cover everything medical. A single aspirin can cost $30 per pill in the E.R. Since most people don’t read The Times, many in need don’t even know about these programs let alone how to fill in their long application forms.

Plan now: https://www.amazon.com/Will-You-Have-Enough-retirement/dp/1477594086

 

Are you stressed by financial troubles?

Six in 10 folks are uncomfortable talking about their financial stress with other people. Some avoid social events for this reason. Since our schools don’t teach how to deal well with money—beyond opening a bank account—we have two options: 1. pay an expensive financial advisor or 2. learn on your own. Most successful small business people had to learn on their own. Yes, they pay an accountant to help with some decisions but most working people earning less than $75,000 don’t need an accountant. The hardest part about handling money is learning control. Most of us are wasting HALF our income paying interest to someone via high cost credit cards, auto loans or over our head rent/mortgage expenses. Paying an advisor all your life can take up to 63% of what your savings could provide you. According to Vanguard’s John Bogle, “fees will erode 63 percent of what you would have had.” Learning what you need to know to control your financial life is easier now that we have the internet. However, since there is a lot of trash lying around to slip on, you need an unbiased guide. I had all my retired industry friends help me assemble all the information you need to succeed with your goals.

https://www.amazon.com/Wealth-every-school-graduate-century/dp/1466427906

 

Another way the wealthy transfer their taxes to us

With more money than most of us have, the rich can achieve self-sovereignty, freedom of travel and, most importantly, access to becoming a global citizen. A second citizenship offers a hedge against political and economic turmoil, as well as the recent travel restrictions. These folks can enjoy the best of American life and avoid the costs of living here. Favorable tax laws, opportunity cost, in addition to the growing amount of uncertainty of new financial legislation, are just a few of the reasons millionaires are seeking second citizenships. Their crypto provides a secure and decentralized record of transactions, their financial life is not an open book. They can enhance self-sovereignty through hard asset and real estate designated-ownerships. They can thus avoid new reporting requirement in the US. Friendly venues include Portugal, Antigua & Barbuda, and St. Kitts & Nevis. Because US citizenship protects them anywhere and they can avoid the taxes to pay for it, they can enjoy the best of the world without the costs.

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

 

 

 

?**********ACCOUNTABILITY**************?

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trumpist’s Supremes end personal rights except weapons

 

Nov 8 2022 Trump’s “national revolution”

 

 

 

 

 

How Govt wastes our money:

As kids call for help; police says wait; calls for barricade squad: kids wear armor?

TX Pro life? Mr Ramos shot over 100 rounds: do hunters need 100 rnds to shoot prey?

Even if police read early media posts, insufficient law to put Ramos in jail: assaults legal

 

16 sitting GOP senators have accepted at least a million dollars from the NRA

Have our Reps sold us out? 65% of registered voters back stricter federal gun laws

 

Congress is really willing to continue mass murder of our children for war gun sales

In US a child shot every hour: only 243 Ukraine kids killed by assault guns Putin AK-15

 

Is your family next? Senators fear replacement if vote but not fear gun killings of family

OK hospital makes 233 mass shootings this year: AK 15 very popular: ready same day

 

$22 million Pentagon’s Advanced Aerospace Threat Identification Program (UFO)

 

Our $7,500 electric subsidy may be going to the wrong people: tax credit for rich only

 

SCAMS/SPINS:

America has more guns than people: like nuclear weapons, we can destroy ourselves 2x

Who benefits having assault weapons available to all? Politicos, makers, NRA, mafia

Senators’ kids not in public schools: Would an attack be enough to change laws?

Show the Senators the police pictures of 19 dead kids ripped by AK 15 bullets: insane

 

2005 Supremes: police have ‘discretion’ in not enforcing laws to protect people in threat

Supremes: NY can’t restrict concealed carry rights—‘everyone can carry any gun’ Wild

Supremes ignore the constitutional rights of their clerks: clerks need a really good lawyer

 

Supremes: “abortion not in constitution” neither is assault rifle killing 30 in 30 seconds

Trumpist ‘Wisdom’: Third World War 'Would Be Like No Other'

Former Trump advisor Peter Navarro formally filed suit 1/6 subpoena: Delay delay delay

 

GOP already tampering in MI voting process: party workers to scare Dems: GOP army

Supreme Alito delays counting of undated ballots in Pennsylvania: GOP deny our votes

 

Southern Baptist Convention list of clergy and other church staff accused of sex abuse

Christian nationalism in some GOP campaigns: politicians using Christ to gain power

Christian nationalism abortion ban will be decided at the very local local level

 

Western drought? Golfers take 40 million gallons for each green: haves vs have nots

 

Merrill caught overcharging for mutual funds: fees last forever class: fine, no jail

Morgan Stanley caught negligence failing to supervise Francisco Javier Valenzuela: fine

Ford caught: false fuel economy and payload capacity vehicles: fine, no jail 

ALERT: Tesla 758 complaints of unexpected brake 80 to 69 by Autopilot: Neck snap

 

Americans just gave Putin’s buddy oligarch Abramovich $3.2 billion not sanctions 

Hospital found loophole. Cancer screenings like colonoscopies are supposed to be free.

FDA is investigating a hepatitis A outbreak linked to fresh strawberries

 

Why we are taxed on our Social Security benefits: income >$34,000 benefits taxed 85%

Taxes will not be the issue by 2034 when benefits will be cut: rich stop paying SS taxes

 

BLM has the donations but lacks support of its constituents: leaders’ family benefits

 

LOOK OUT: Cruise may hit you: no drivers in SF

Best Worst bankers to make loan: JD Power ratings

RECALL Fresh Kampo and H-E-B strawberry a hepatitis A outbreak.
“I read BANNED books” Nashville library card: counter states that fear reading

Jobs

IRS no experience; $40K+ https://www.jobs.irs.gov/find-job/irs-events

Job openings holding at near-record highs

What it takes to be a queen: 70 duties/events/things you never guessed about ER

 

Ford adding new shift, 1,100 union jobs to Claycomo

 

Who owns your account now?

CUNA advisors to LPL 550 advisors across 250 credit unions: more mouths to feed

Buy BEST used vehicle: study of total miles, mpg, resale, etc going 200,000 mi

 

Miracles:

Annual sandstorm sends hundreds to hospital: Iraq to Kuwait

UFO no contact because Covid: they remember War of the Worlds: aliens died bacteria

Protest unconstitutional state law any way you can: teens fight FL bigots

 

Lithuanian citizens buy $5 million advanced military drone for Ukraine defense

Free ebooks: sites offer free reading but check the fine print first

7 simple habits can cut Alzheimer’s risk in half

 

Woman with misshapen ear received a 3D-printed transplant made from her own cells 

Study: those who drank 1.5-3.5 coffee daily with sugar, 29%-31% less likely to die.

Town dumps turned into solar farms: 207 megawatts of energy from 21 landfills

 

 

@

Everything in universe: galaxies to stones made of subatomic energy ‘vibrations’

Light is both a particle and a wave depending on how we look at the light.

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!

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

“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.

 

 

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/

Greatest financial miracle is unknown to Americans

 

Greatest financial miracle is unknown to Americans

The single greatest factor in why most of us are living paycheck to paycheck is that only 7 states teach what Einstein called “the most powerful force in the universe.” High schools teach how to open a checking account but not a tax-FREE college fund or tax-FREE retirement account. They don’t show the safest way to grow $250 a month into $250,000. They don’t explain how a stock mutual fund works over time. They don’t show how to save and reduce income taxes all at once. They don’t show how Warren Buffett grew his paper route money into $124 Billions. "My life has been a product of compound interest." Teach your child to use the miracle of compounding in 1 hour.

Use the Miracle: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

Can you recession-proof your retirement?

A recession is generally identified by a fall in GDP in two successive quarters. Interest rates are raised in order to kill inflation but raising rates can also bring recession. So what can you do to protect your nest egg? Actually, you can’t stop the effects on your retirement fund. There is no free lunch. However, my readers have already sold the low-interest paying bonds they owned. They own only TIPS now. They have cashed in low-interest CDs since none offer yields over the inflation rate. Some are looking at a reverse mortgage since they have so much equity. Some have accumulated gold and silver as they may hold value to fight inflation long term. Some have considered a long-term care policy. Many have added commodity and real estate investment trust funds so they can be diversified. Some rebalanced their portfolios to overweight small cap stock funds. They may be the first stocks to overcome this inflation. Most have held on to all their stock index funds since stocks have often rebounded from a down year by the next year.

Use Buffett’s advice: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Is Bitcoin right for you?

Some advisors are pushing this virtual currency for portfolio to retire on. But unbiased analysts like Buffett and Munger offer this advice: cryptocurrencies aren’t productive like farmland or other real estate. This leaves the billionaire investor unsure of what to do with Bitcoin. You can’t buy normal things like a home or groceries. There have been thefts and there are no controls on who has access to the virtual world. By it’s nature, crypto has provided criminals with lucrative opportunities. Crypto is known as a volatile asset and belongs in the speculative part of a portfolio like pork belly futures. Over the years, they attracted a wide following from market analysts and traders eager to try to profit from the ups and downs of this niche market. In 2011, the CME announced the end of pork bellies trading on its exchange. Extreme volatility coupled with dwindling trader interest made the product no longer relevant to financial markets.

Take Buffett’s advice: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Will America be destroyed by letting the rich pay less tax?
With corporations and the super wealthy paying less tax, the national debt is now $30 Trillion. Our reps gave the rich another tax cut in 2017 so now we spend more than our income. America lives on credit. History says America can’t survive forever on credit. Our own tax collection firm (IRS) can’t even collect what they know is owed by the wealthy. The schemes for tax avoidance are so complicated; public servants can’t find or collect it. So unless we come up with a better system, our “me-me culture” may not be able to dig itself out of debt. The trend for wealth INEQUALITY is going the wrong way—wealthy are getting richer and the unwealthy are getting poorer. Upper middle-class two wage-earning households are paying an average of 32.9% tax while many wealthy pay less than 17.7%. Don’t get caught paying off the debt of the rich and famous.

Use our legal tax haven: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

How to achieve your financial independence

Justin stopped working at salary of $70,000 with $1.3 million in order to travel with family. It took hard work and planning but it can be done. He used low-cost state college and low-cost mutual funds at work. He used the Miracle of Compounding.  He started investing early. He cut wasteful expenses with a budget. He had the agreement of his family. It helps if family members agree to the strategy. If you are prepared to put away money religiously you can quit at age 33 too. Use a tax-FREE account. Invest BEFORE you buy groceries. Forget using stock pickers and bits of coin.

You will need real money later: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Tax-refund Millionaire-- https://www.irs.gov/refunds

Most people spend their tax refund—your refund could be a retirement nest egg

Michele had trouble saving. She seemed to always be waiting for her next paycheck. She never had enough to save for a rainy day like her Mom did. She used to make about $35,000 as a shop manager but with federal, social security, Medicare and state taxes, unemployment, disability, and health insurance, she was not able to put anything away for retirement. Years ago, her local tax preparer suggested she use her tax refund to create a retirement fund. Usually Michele would use her refund to pay bills or buy something special. The tax preparer said that if she agreed to start an IRA with $2,000 of her refund, she would be able to increase her refund—Uncle Sam would help her save. The amount she invested would reduce her income and make her refund larger. The $2,000 could grow over time, if she left it in stock mutual funds in her IRA account. Over time, it has grown large enough that she will have enough for retirement.

I will help you start in 1 hour: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

 

 

?**********ACCOUNTABILITY**************?

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trumpist’s Supremes end personal rights

 

Nov 8 2022 Trump’s “national revolution”

 

 

Another terrorist guilty “sedition”: armed coup

 

Oath Keeper guilty sedition

 

NYC police terrorist guilty assault

 

Defense Esper: Trump wanted to shoot protesters

 

 

 

How Govt wastes our money:

Trump beats tax avoidance crime: deducted his front yard Westchester: no taxes 18 years

Health care: drug companies blame insurers; insurers blame drug companies: we pay all

Millions COVID-19 shots set to go to waste: Biden can’t give to world: Congress vote?

 

We wasted $billions: Afghanistan’s fastest-growing ‘crop’: kilos of methamphetamine

Court threw out a $16.5 million jury verdict against a talc manufacturer: asbestos-cancer?

 

Russia avoids EU sanctions: imports through neighbor Kazakhstan

CIA tells unhappy Russians how to give US intel secretly VPN

 

 

SCAMS/SPINS:

Performance SLC, Daniel Crenshaw caught engaged in wrongful fee-charging, deception

Alexandra H. Cock caught $2.5 million Ponzi defrauded investors of millions of dollars.

Bill Hwang Archegos Capital caught market manipulation and fraud $20 billions,

Brenda Smith NJ caught Ponzi stole $47.2 million hedge fund: 109 months in prison

 

10 Republicans Voted Against helping Ukraine: 10 on wrong side of democracy

GOP state leaders may freeze Dems out of 2024 voting: FL vote police, vote tallies, gov.

Jared: "Breaking [wind] History: A White House Memoir" he thinks he ‘saved’ America 

Tucker is Cable’s #1: Trump’s Minister of Propaganda: more followers than Goebbels

 

Some states ban books: Teens read but use guns without training or license to intimidate

Some states cheer personal freedom--no shots/masks; but ban women’s health freedom

Some states ban discussion of sex, race in school, business; but men do marry 12-17 girls

Putin follows GOP: ban TV, news, books, speech, hair ribbon, signs, groups, except Tuck

 

Cell phone radiation has been a constant suspect cancerous brain tumors

Why do we love conspiracies and not research for the truth? Lazy, stupid, limited?

Forget Prevagen; get a pet to stay ‘sharp’: FDA has not determined Prevagen helps you

 

GOP Susan Collins: Gorsuch, Kavanaugh: “Roe was settled law” Supreme liars!

GOP ‘central committee’ members will adopt all unwanted kids after they ban abortions

 

Trumpist Supreme Court shows its hands: ALREADY decided to ban abortions in US

Like alcohol prohibition 1920–33, GOP will not keep people from using abortions

Could Loving v. Virginia be reversed next? Loving is about race and our privacy rights.

 

Alito in 2015: no rights for same-sex marriage: it’s not among Constn fundamental rights.

We may be tracked by antiabortion states: cell phone data useful to prosecute pill seekers

 

Caught: TurboTax’s “free, free, free” advertising: “deceived us into paying for services,”

250,000 Ford Explorers recall rolls away by ITSELF while parked! Jeep used to do it too

Home warranty scams: look hard before you sign

Gift card scams: what can you do to be reimbursed?

 

Bank of America caught doing illegal garnishments: took customers’ money plus fees.

 

Americans think Trump should be charged with crime: conspiracy to overthrow gov.

Trump uses donations to pay suit over misused nonprofit funds to benefit his family

Trump installs Trumpist in Ohio: Vance had kissed Don’s ring to bring the ‘sheep’

 

Text message scams: 25% age 18 to 34 unknowingly trust a fraudulent message 

Gasoline price scam: Big oil has record profits : shares up since February

Musk got help in takeover of Twitter: Larry Ellison, a Saudi Prince, and Sequoia Capital.

 

Jobs

More openings April: 428,000

 

Who owns your account now?

H.S.A. limit up to $7,750 for someone with family coverage

Vanguard cuts fees again: pay less earn more

CA offers no interest mortgage down payment loan: qualify and it’s free

 

Miracles:

Warming changes marine life: extinctions

New Delhi saw seven consecutive days over 104; Pakistan hit 116 last week

CA reached 99.87% of electric load served by all renewables: what desert if good for

 

Willy Joseph Cancel, 22, was killed while fighting alongside the Ukrainian military

Ukrainian women train to clear landmines

Elena sentenced five days’ imprisonment for wearing a green ribbon: Russians resist

 

The Washington ‘superspreader’: Biden actually tells jokes, Noah is better

Plastic-eating Enzyme Could Eliminate Billions of Tons of Landfill Waste

Antiobesity Drugs Help People Shed Dozens of Pounds, but Must Take for a Lifetime

 

Charging a lithium-ion battery to a rate of 5.6 minutes for a 60% charge

NJ bans plastic and paper single-use bags: some exceptions

Only 334 die every day from covid new strains: 997,000 total

 

 

Everything in the universe from sun to stones is made of subatomic ‘vibrations’

Light is both a particle and a wave depending on how we look at the light.

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!

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

“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.

 

 

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/