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.
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 America
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”
'vaccine
or no vaccine, we're back': 90,000+ deaths
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:
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
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
Trump
already agreed NOT to live at MarLargo: Club status in question.
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
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
Real
estate buyers with cash wait for sellers to cut prices: low mortgage rates
Merrill Lynch caught
unregistered exec runs brokerage unit: fine, no suspension
Morningstar Ratings caught
failing to separate analytical function from sales/marketing
Jobs
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?
Eviction protections? State and Fed help may
save you
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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973.746.2014
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