Where has your advisor left you in 2022?

 

You can still afford to retire

Repairing your financial future can be done in steps. Take stock of where you are now before 2023 so you can use tax credits/deductions before 2022 is over. Consider some of the changes in retirement contribution limits and tax credits for 2023. For instance, Congress is still considering changes in refundable credits. Recent stock market history implies that we may see a large bump up in portfolio returns in 2023-24. Be ready to take advantage of those gains to catch up with your retirement plan. Many investors forget that once out of the market to try to avoid the downturn, they may miss the quick upturns that can happen in a 10 day lurch. Save money like billionaire Warren Buffett. Invest your tax refund for a $1,000,000 retirement fund in 35 years.

Use tax-FREE account: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

 

Deduct $3,000 from your income; reduce tax

Before Dec 31, you may be able to sell some of your losing assets which allows you to deduct up to $3,000 this year from your income. I sold $3,000 of my Vanguard 500 Index since it is down for the year. I kept the rest since I know it will rise in future months. I don’t know when it will rise but I can afford to wait since I don’t sell in a panic and I am fully diversified. Look at the history of the market returns: 2008  -37.22; 2009    27.11; 2010    14.87; 1974    -26.95; 1975    38.46. Since I started investing in 1971, the market is up 12.69% a year on average. That beats CDs, bonds, real estate, gold, speculation of any type. Even in bad times like 2022, no fund has beaten the market index. Our government allows us to deduct the loss at $3,000 a year, every year until we have deducted all of our loss. So join the Tax-Credit class.

Pay less tax like the millionaire class: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

 

Where has your advisor left you in 2022?

The financial services industry (your broker and advisor) did very well this year. BUT:

The average retail investor's portfolio is down 30%, compared with the S&P's 17%, according to Vanda Research. Tesla accounts for ~10% of the average active retail trader’s portfolio. So as the stock plunged ~55% this year, it wiped out $78 billion in value for retail investors, per Vanda." Overtime, these are the best market sectors even now: https://www.businessinsider.com/forgetful-investors-performed-best-2014-9.

In 30 years the average investor earns just 3.79%, not the 10-12% market rates. (QAIB)

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

 

How much of our charity donations can we deduct on our tax return?

Americans have always been known to be generous. However, the least able group to give (by income); gives the most as a percentage of their income—over 8%. The wealthy give less. The superwealthy obtain the deduction but retain control of who benefits. They use donor-advised funds and foundations to control who gets their charity.

IRS: deduction amount and average percentage of AGI:

 Under $50,000 $2,588 deduction == 8.4% of income

 $50,000 under $100,000 $3,305 == 4.5%

 $100,000 under $500,000 $5,124 == 2.9%

 $500,000 under $2,000,000 $25,510 == 3.1%

 $2,000,000 under $10,000,000 $164,814 ==  4.4%

 $10,000,000 or more $2,813,343 == 9.3%

All returns $6,332 == 4.3%

https://www.amazon.com/Most-U-S-Corporations-Pay-No-Taxes/dp/1514274116

 

 

Most frequent cited financial regrets by retirees

1. Not working longer. 2. Not having insured income. 3. Claiming SS benefits too early. 4. Becoming financially dependent on others. 5. Not accumulating larger retirement fund. The most influential factor was shocks experienced earlier in life (e.g., divorce). The present paper considers different explanation for financial regrets--people may simply not understand how long they will live in retirement, leading them to make suboptimal life cycle financial decisions. Make your plan now.

https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

 

 

?**********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

 

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

Billionaires paid $881 million for votes in 2022 midterm elections

 

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'

 

Christian Nationalist Party (CNP) replaces GOP

 

Nov 8 2022 Trump’s “national revolution” failed

 

Nov 15 2022 Trump announces for 2024 to avoid lawsuits

 

Dec 3 2022 Trump: cancel Constitution rules so ‘I win’

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

1966 moon capsule splashdown in ocean: repeat moon shot wastes $93 Billion

Our tax money given to GM and LG to make lithium batteries? in OH TN MI

Buttigieg, transportation, often flies on taxpayer-funded private jets: fears confronting

 

NASA loses control $252 million ICON satellite, fears failure: no refund

Fentanyl is now the leading cause of death for Americans ages 18 to 49

Biden stops Sanders bill to stop helping Saudis kill Yemen citizens: leverage oil?

 

Biden tries to cut inflation by cutting jobs not excess profits and tax avoiders

 

SCAMS/SPINS:

Financial aid letters don’t reveal the real cost of college: fees, charges, costs added

Fisher Investments: “make money only when you make money” except fees every month

Fraudster Sam Bankman-Fried's gave $20 million to PACs and parties: Fights extradition

 

SCAM: Don’t click email with any of these subject lines in your inbox

8 fake traders CA,TX,NJ caught “pump and dump” scheme 2000: stole $100 million

Lawrence Billimek Nuveen, Alan Williams trader caught insider trades: net $47 million

Trump to pay for crimes by selling pictures of himself: $99 each: not rich anymore

 

We have done nothing about killing our children: 20 at a time in school: WMD are legal!

Glock switches have the ability to shoot 35 rounds in five seconds: TX machine guns

3 terrorists get 10-12 years in prison: kidnapping gov over mask mandate to save lives

 

TX to round up data on LGBTQ citizens: gender change records taken

 

Trump’s co-conspiracists plan to use our military to overthrow duly elected government

Trump’s to pay $4,000 fine for “willfully disobeying” four subpoenas: no deterrent!

D.C. Bar lawyer calls for Giuliani’s disbarment: filing suits to overturn gov is wrong

 

Twitter: don’t use it for biased news: one megalomaniac is enough:

Supremes’ decisions tilt toward Christian evangelicals: constitution says no favorite faith

 

 

Jobs

jobs-that-let-you-set-your-own-hours

 

Who owns your account now?

Best energy system: Heat pump vs Solar panels—pro & con

Start withdrawals from IRA, SIMPLE IRA, SEP IRA, retirement plan when you’re 72

Even Artificial Intelligence models can’t beat the low-cost index fund

40% dads believe parents hosting adult children is bad while only 12 % think it’s good

 

Miracles:

Picture worth thousands: https://twitter.com/DavidCayJ/status/1600229045387419648

How brain physics Distinguishes Memories From Perceptions

Winter Olympics may have to be held in Antarctica: global warming forces sites studied

Church turns into garden club; food pantry as people skip pews: do good works

 

Moderna's mRNA Skin Cancer Vaccine Shows Early Promise in a New Study

Arctic is Heating Up, Disrupting the Planet and Local Communities injured

Fusion experiment had net gain in energy but forgot to add energy to charge lasers

 

 

 

 

@

 

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 a little

Energy into matter: scientists converted light energy directly into matter in one step

Physics Nobel Prize: “entanglement” 2 particles share info instantly at a 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

 

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.

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.

Scientists build 'baby' wormhole as sci-fi moves closer to fact: inside quantum computer

 

 

 

@

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/

 

Another way the wealthy hide their assets

 

How much are you investing for your future?

Fidelity says: The total first-quarter savings rate — a combination of participant and employer — reached a record 14%, just short of Fidelity’s suggested 15% savings rate. The average salary is about $50,000. During our lifetime, we may earn $2.5-$3 million, depending on raises and years worked. If we invest just 6% ($3,000) in the low-cost stock market index of our 401k or IRA, we could have $2,100,000 for retirement in 40 years. If our employer matches our contribution or our spouse has a similar situation, we could have more. Given the historical rate of inflation, this amount would still allow us to spend retirement income of $45,000 (after inflation) for 30 years. We can now invest in a Tax-FREE account, approved by the IRS. About 78% of 401k plans offer this account. We could spend all $3,750 a month!

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

 

Actual retirement income $29,000 or less

Recent survey of retirees shows median income of just $29,000 before taxes in 2019, according to the 20th annual Transamerica Retirement Survey of Retirees. Median means half are below that amount: 27% reported an income of less than $25,000. Transamerica found that 46% of retiree households have nonmortgage debt, such as credit card, car loan, student loan or medical obligations. In addition, 23% of households have mortgage debt. Another study shows that 57% of retirees said they had less than $250,000 saved at retirement. This study had participants with incomes of $75,000. Amazingly, thirty-five percent hope to win the lottery, 25% are willing to sacrifice what they want today to save for later years and 25% plan to stay on their current path. Forty-four percent of retirees said their expenses are higher than they had expected, while just 8% said expenses are lower. Most of us will have to work longer than age 65.

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

 

Best graduation gift you can give

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive at least $2,933 a monthly in a retirement supplement for the rest of our lives. Get them started with VOO in a Tax-Free account at low-cost Vanguard. 

Start their ‘Wealth Reserve’: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

In a recession, follow Buffett’s advice

Warren Buffett has been through a few recessions since investing his paper route money. His advice is not to sell all and run for the hills. Page 6 of his letter to shareholders: “Investors who avoid high and unnecessary costs and simply sit for an extended period with a collection of large, conservatively-financed American businesses will almost certainly do well.” Unless you need your emergency money in the next year, just hold on to your low-cost portfolio of sound businesses and wait. As a group, American firms have provided annual earnings of about 11% since 1871. At 11% through boom and bust, steady investments of $250 a month can produce $1,000,000 in about 33 years. Stocks are cheaper during recessions to you have more; less when they are more expensive.

Don’t lose your head: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

 

In retirement, how much of your nest egg should you spend each month?

According to a new survey, a large share of near-retirees thinks they can safely withdraw 10% or more of their savings annually. This suggests that millions of people may be in for a shock. The average nest egg amount is only $172,000. Given this, a 10% withdrawal rate or $17,000 will end retirement income in 30 years with $3,500 in your final year. There are many factors that determine how much you will NEED in retirement but my readers say that they are spending MORE than they anticipated during their leisure years. Without a formal plan of estimating income and spending, you may be in for a difficult future. One thing each of my readers tells me is that they wish they had invested more aggressively early on. They were mislead by an advisor who did NOT try to match their age to their risk tolerance: stock funds early.  

Manage expectations: https://www.amazon.com/Your-Spending-Plan-insurance-investments/dp/1482723123

 

 

Another way the wealthy hide their assets

Property in Manhattan linked to now-sanctioned Russian billionaire Oleg Deripaska was held using a Delaware LLC. An LLC is a Limited Liability Company. It can be set up with very little information about the owners—another LLC or trust could be the ‘managing member’ on the registration. Financial secrecy in the US, which was called the most complicit country in helping individuals hide wealth this week by the Tax Justice Network, an advocacy group for tax fairness, is finally being challenged by some states. “People are shocked to learn about this loophole in the law that allows purchasers to go undetected,” said New York State Senator Brad Hoylman, a Democrat who sponsored a bill heading to the floor of the legislature. “Certainly, the focus on the international super-rich who have propped up the Putin regime has rekindled interest in the effort.” The invasion of Ukraine has raised concerns from London to New York about how anonymous shell companies complicate tax enforcement. One of the most well-known users of this technique is our former president. Assets and income are hidden in hundreds of LLCs so he pays almost nothing in taxes. His business dealings are kept secret through LLCs. Using shells, he claimed he personally ‘lost’ (on paper) almost a $ Billion, thus reducing his taxes for “almost two decades.”

Rich Avoid; We Pay: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

Are “inflation-protection” securities right for you?
These funds are designed to protect investors from the eroding effect of inflation by investing primarily in securities that seek to provide a “real” return. The funds focus on investments in inflation-protected bonds that are backed by the full faith and credit of the federal government and whose principal is adjusted based on inflation. These funds have moderate to high interest rate risk, meaning that changes in interest rates, both up and down, can affect the fund by resulting in lower bond prices or an eventual decrease in income. Average annual returns have been 5% since 2000 but down 6% year to date. The bonds have 7 year duration so these bonds don’t protect you from changes in value. When interest rates rise, bonds lose value. However, over time you are protected from long periods of high inflation. Owning stocks are another way to protect yourself from inflation in the long run. Consider your time horizon and income needs before buying these fixed rate bonds.

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

 

 

 

?**********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:

GOP has wasted its anti-voting efforts: Dems ride the backlash by voting 3X more

 

2^nd Amendment right: body armor not guns for all: guard’s gun got him killed

Federal agents must intervene when they see other law enforcement using excessive force

21 kids teachers die for “freedom” to kill kids with assault guns: we’re crazy to allow it

 

America stops abortion (kill unborn) but allow children to kill children with assault guns

Young adults need the draft not guns: TX allows 18 yr olds to kill: no license; no training

4,357 children & teen gun deaths 2020

 

Subsidies to drug makers allow them to stop making necessary but less profitable drugs

 

Congress knew Abbott stopped making formula in February: Tax breaks not plant repair

Biden promises we will fight China for Taiwan: Dems new get tough stand?

 

senators shrug to 2nd monthly mass shootings and go on vacation: show them dead kids

 

SCAMS/SPINS:

Conservative Christians hide clergy sex abuse just like Catholics: Trump hides crimes too

Catholic tithes and donations mishandled by the Vatican just like US politicians & Trump

 

Trumpist Sen Perdue attacks Stacey: ‘demeaning her own race’: Perdue shows his racism

Trump’s ‘hang Mike Pence’ incitement may have gone too far for Americans: Threats

FL bans ‘social justice’ from social studies: only dream society can exist in FL

 

Getzville NY debt collectors caught using all the illegal tactics known: $2 mil fine, no jail

Surgery bills based on target profits not on actual costs: $303,709 not $1,337 promised

Long-term care policy costs rise: only 50% owners keep paying: some reduce benefits

Nationwide caught overcharging deferred-to-immediate-annuity exchange clients: fine

Michael Francis Shillin caught promising great returns on stocks never bought: fine jail

TradeZero caught stopped trading certain stocks: lied to investors: fine no jail

 

Formula scam: online/private sellers double price since shelves empty

Scammers ask for Zelle money and then your bank says, “It’s your fault.”

Seniors scammed: Congress to pay for investigations/enforcement: it’s about time

Woodland Behavioral Nursing NJ caught ignoring patient care: NJ names receiver

Recall 240,000 Hyundai Cars Explosive Seatbelt Parts: pyrotechnic-type pretensioners 

Abbott kept selling infected formula after found in plant: Abbott didn’t clean

Jif peanut butter recalled potential salmonella contamination

Improve memory with cranberries not unproven ground jellyfish in Prevagen

COVID-19 daily deaths are 305: 1,004,122:

Ukraine war as explained to working Russians: Putin controls the media: Tucker is star

Are you banned from Russia by Putin? Putin favors Trump, McConnell, Tucker

 

Jobs

Best colleges for the money: facts about your choice and your loans

Bank of America raises hourly minimum wage to $22

Apple to increase starting pay for U.S. workers to $22

 

JPMorgan Plans to Hire 1,300 More Advisors Over Next Three Years

Just 8% of Manhattan office workers were on-site five days a week loving home-work

 

Who owns your account now?

Funeral Consumers Alliance helps you plan a funeral you did not want to have to do.

Which BBQ grill is best for you? Consumer Reports tips.

"the average 35-year-old's student debt: 287% greater than value of their original loan"

 

When you disagree with the IRS, you have rights, at least on paper

 

Miracles:

SF Catholic church bans Pelosi for women choice but killed children in native schools

Tucker thanks Hunter Biden: help getting Tucker kid into college: anti Biden just politics

Brits want to try a new (OLD) sovereign: has Charles ever run or managed anything?

2 orders of fish and chips cost 23 Pds ($30) now: fish from Russia

 

Quick Easy test for Covid FREE: https://www.covid.gov/tests

Too easy: 2 year old orders 31 cheeseburgers on DoorDash for $91.58: Next new crib?

A new battery design could last for an entire 100 years:

World’s first double hand transplant for scleroderma

 

 

Police wait: Teen Kills 21 in 40 minutes: classroom door locked police out

US allows assault rifles with 30 rounds sold to children 18

 

Pakistan hits 120°F as climate trends drive spring heatwave: warming kills wheat

 

 

@

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/

 

Can Biden actually get the wealthy to pay 20% tax?

 

Can Biden actually get the wealthy to pay 20% tax?

Biden has proposed that we tax 20% of unrealized gains. Since most wealthy people hide their assets and income to avoid INCOME tax, will the millionaires in Congress agree to this tactic? Unrealized gains are the POTENTIAL value of the stocks and other assets that the wealthy hold. They use the assets as collateral for loans to buy things like buildings, their mansions (Trump), their yachts, and their everyday lifestyles. Loans are not earned income so they pay no taxes. For wealthies like Jeff and Elon, they hide their assets in tax havens and legal entities so they don’t pay taxes at all. Is it likely that Michael, George or Carl will give in to this proposal to pay up? Will Warren Buffett agree to pay 20% when he pays HALF of what his staff pays? He avoids paying what his staff pays by controlling his taxable income. If the rich pay an average of 8.2% of taxable income, will they voluntarily pay 20% of their billions in assets? Will they willingly give up their tax avoidance schemes? Is it possible for the IRS to even be able to decide what their 20% of unrealized gains on $billions of assets are when they can’t collect what is already owed by this group? I don’t think Congress will act on this change. All we can do is use the IRS-approved account that allows us to avoid taxes on our gains in retirement just like the wealthy do now. Biden should know, avoiding tax is the American way.

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

 

 

Easy tax filling

Online IRS approved software is easy as answering questions. I have been using the Free-File vendors for years at https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free. I have used TaxAct, FreeTaxUSA, and 1040NOW.NET. I pay a small fee to have the same return filled in my state of New Jersey. I avoid all the commercial sites that say they are ‘free’ since they usually charge for some special form needed each year. In fact, one of the commercial sites, Turbo, has been notified by the FCC to stop claiming their service is ‘free.’ The benefit for using sites like FreeTaxUSA is that next year they have kept your name and address data so you don’t have to reenter your bank, broker, employer, etc data. This data will prompt you to find info that you may have not received or have forgotten to obtain. Some reviewers claim these sites are not comprehensive but I have found FreeTaxUSA to provide all the forms and calculations for our return of about 46 forms/pages. Plus we get our refunds by direct deposit in about 3 weeks. Check for your refund: https://www.irs.gov/refunds

Use all the tax credits you can: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

 

Retiree’s advice to their young adults

“I wish I had started earlier and put my investing on automatic,” Mitchell said. August: “I wish I had kept adding a steady amount to my account.” “I paid my advisor more than I needed to,” complained Jose. “I should not have stopped putting money in to the 401k” Mr Graham confessed. “If my kids would just invest in the market index, they would be rich,” Sam argued. “If I had just added more every time I got a raise, we would be OK,” said Emily. Fred: “The family should have talked about our money goals from the start.” “Playing the market did not help us in the long run,” admitted Roger. “Have a fee-only planner review the accounts every 10 years or so to keep you on track,” Maureen advised. Read the Fidelity study to compare your progress: beware Fidelity is not unbiased.

https://www.amazon.com/Ensure-Your-Financial-Health-Wealth/dp/1466388293

 

 

Creating your own tax-FREE pension from your tax refund

The average tax refund is over $3,000. By investing that $3,000 or more you can create a tax-FREE pension for your retirement. $3,000 a year, $250 a month, invested in a low-cost index fund can be worth $500,000 in 27 years and $1,200,000 in 35 years. Because you can use a special IRS-approved account in a low-cost mutual fund trust, you can spend all your savings—no income taxes. Any funds left over can go to your beneficiary free of tax too. Most working people receive a tax refund because Uncle Sam insists you pay your income tax as you earn it each pay period. Let Uncle Sam help you provide enough tax-FREE income in retirement. Currently, Social Security benefits are taxable for many working people in retirement. However, if this special pension income is not taxable, you will not have to pay tax on your Social Security benefits. 

Make retirement tax-FREE: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

Buying an annuity at today’s low rates is mistake

Annuity benefits are set for the rest of your life at current LOW interest rates. Yes, rates are going up but insurers price immediate annuities on what they earn today. Today a male 65 years with $300,000 can buy $1,627 a month for life. Waiting a year for the 10 year Treasury rate to rise may affect your long-term income significantly. If you a buying a deferred annuity, again, your current crediting rate is low. While you wait, you could speculate a little by investing in an energy fund or ETF. Energy prices will probably keep rising for a year at least. A safer bet would be a High Dividend Yield ETF or mutual fund. An alternative to buying any annuity should be considered for the future. Most retail annuities are overpriced and inflexible. Taking 2-3% of your nest egg every year and charging 3-7% if you need your money back are expensive setbacks.

Consider: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

 

 

Have you taught your child how to make tax-FREE money?

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. I have used this 'Wealth Reserve' as I call it to have funds to buy low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a month in retirement supplement. Now your child can build an account that provides tax-FREE retirement income too.

Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

 

 

?**********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

 

Jan 6 2021 Direct assault failed: guns & bombs

 

Nov 8 2022 “Legal revolution”

 

 

Trump judge exonerates Jan 6 terrorist

 

Pro Putin GOP group of 6: FoxNews

 

 

How Govt wastes our money:

Wealthy Congress create loopholes: wealthy hide assets in fake companies: avoid tax

OK bans abortions: TN allows children to marry—no minimum age: crazy GOP men

GOP blames Jackson for porn sentence but legalizes men consummating with kids

 

GOP Christian Nationalists ban sex talk not guns: reinstate Prohibition on words, books

‘1984’ prediction comes true: 26 states now ban books: USA ending 246 yr experiment

 

SCAMS/SPINS:

Congress millionaires use insider trading to make fortunes: it is illegal for us citizens

 

FTC sues TurboTax to stop ‘misleading’ ads for free tax prep software: IRS free file

Rental screening discriminates: unregulated industry controls our lives for the worse

Few payday loan borrowers are benefiting from no-cost extended payment plans: fines

 

Anthem Health GA caught years-long pattern of violations of policyholder’s rights: fine

FL to punish Disney for supporting protests against teacher restrictions

Big Data use allows DraftKings and FanDuel to optimize customer contact for addiction.

 

TX starts shipping immigrants from border to DC as protest to lifting Trump blockade

TX rejects mail-in ballots in new voter suppression program to fill GOP slots

TX, FL like a foreign countries: LA bans official travel to TX, FL over sex, race policy

 

Sacramento shooter kills six: illegal possession of machine gun: our gun defense useless

Study: adults who live with gun owner face twice risk of death by homicide. Wyatt Earp

 

Marianne O’Shee Smith caught stealing $40,000 older clients promised convert: defrock

John Law, NY caught Ponzi $70 million loss: fake promissory notes, higher returns

WellsFargo caught overcharging their own employees for 401k investments: fine, no jail

Autumn Jordan, Manuel F. Pinazo, Bank of America caught taking Covid loans for personal use

digital coin theft: despite blockchain claims of protection, you can lose your virtual money.

 

'We Build the Wall' Head Brian Kolfage Pleads Guilty to Defrauding Donors: Trump Wall broke

Look OUT: Autopilot drivers zone out when automated driving features are switched on

 

992,000 dead: 61% of unvaxxed are Republican: GOP trimming voters for 2024

 

GOP makes historic mistake: Black woman, highly qualified, denied SCOTUS

GOP makes historic mistake: White woman, unqualified, joins the clown car for Trump

If GOP candidate wins election, will America still say “stolen”? Trump: “rigged” election

 

GOP plan to repeal ACA for 31 million Americans with subsidized health insurance

GOP voter fraud in own party: Trump’s lawyer claimed to live in a NC trailer

Congress support of NATO? 63 House Republicans voted “no”: Putin victory?

 

Black Lives Matter leaders buy themselves a $6 mil house in CA: donations for elites?

Employee lawsuits demanding reimbursement for expenses while working from home

 

Can US convert Russian yachts and art to help us rebuild the Ukraine Russia destroyed?

 

Will sanctions on Pukin’s kids really stop this dictator: removing the head usually works

We have to arrest Putin first before he can be tried as war criminal: who will volunteer?

Putin losing war but no one will tell him: soldiers, tanks and civilians strewn on street

 

Politicians talk research on Russia war crimes as bodies pile up: who will stop Putin?

Russia borrowing Alex Jones fantasy of staged killings: Russia: Ukraine staged kill own

On tape: Russian soldiers described questioning soldiers/civilians then shooting them

Putin bombs rail station of fleeing civilians: 50never had a chance

 

Video: Ukrainian troops shooting captured Russia soldiers: shooting POWs

Lend-lease war materiel could help Ukraine hold land like Allies in WWII.

UN could send ‘peacekeepers’ to get civilians out of way of Russian army killing

 

Jobs

Minimum wage in 2021 is equivalent to same in 1940: buying power went down.

Almost anyone with a sport’s head knew that Tom would be back: Tiger too.

Barclays bank raises min wage to $20.50 in US: Santander bank wages raised to $20

 

Most Dynamic Metros: jobs, diverse industries, mix of companies, and fun things to do

Teachers need 2 jobs just to survive: teaching kids requires grit and patience with parents

Truck drivers start at $95,000: driver shortage for hard job requires pay

 

Who owns your account now?

“All publicity is good publicity” for Chris, Will and the Oscars’ future shows

$7.75 million for studio apt in NYC clouds: 1400 feet up: swaying in wind costs nothing

 

Miracles:

Pope apologizes for ‘deplorable conduct’ of some Catholics abusing the “least of these”

Extension to file or pay taxes: https://www.youtube.com/watch?v=PhGCnuCdFI4

Social Security Facts: offices reopen April 7 Social Security Administration announced 

 

HISTORY: first Black woman to serve on the highest court  Only 3 of 50 GOP agree

New lung cells just discovered that can replace many damaged cells: smokers can recover

Stanford engineers invent a solar panel that generates electricity at night: no utility bills?

 

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/