Graduation gift that lasts a lifetime
Show your teen the easy way to be secure: a $ million tax-FREE fund. 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 about $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 help buy two homes and 5 cars with higher down payments or cash, and now to receive $2,900 a month in retirement supplement. Now your child can build an account that provides tax-FREE education and retirement income too. The stock market provides about 11% a year over time: double your money every 7-9 years. Only the buy and hold strategy works; market timing is for broker fees.
Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355
25% admit they’ve
never saved money for retirement
Nearly HALF of baby
boomers have no
retirement savings! They have never expected
to retire. A retiree of 65 can now expect to live 20 more years, on
average, according to Social
Security projections. Others have started late. The average monthly
Social Security check to a retired worker is around $1,800. The average household run by an over-65
American spends more than $4,000 a month. Most working people
have no clue how much they will need. Even if they have a 401k at work, there
is no clear way to calculate how much will be needed. There are too many
variables. Some short-hand rules are available. One says: annual retirement
savings goal of 10% to 15% of your gross income. For other folks who have
been saving, the goal posts are magnitudes of income per each age range. So a
35-year-old earning $60,000 would be on track if she’s saved about $60,000 to
$90,000. According to the US Bureau of Labor Statistics, the median annual wage
across all occupations in 2021 was $58,260. That is, half of us earn below
$58,260 a year. Many of us earning under $58,260 have little extra left to save.
The average
retirement savings by age breaks down through the decades is skewed by the
folks making over $200,000 a year. For workers who earn above the
poverty level but less than the $58,260, savings must be small or none existent.
Just
30% of the poorest families have a savings account, let alone a retirement
account. The average retirement account held just over $100,000, a Fidelity analysis shows. Will
Social Security benefits be enough? SS benefits
will be cut in 2034 as predicted if the divided Congress does nothing. What
will 37.9 million people in poverty do if their SS benefits are cut? For some,
there are ways to keep more for retirement.
https://www.amazon.com/You-Can-Afford-Retirement-FEE-FREE/dp/1517738253/
What kind of
financial advice do you need?
Before you go
shopping for financial help, make sure you understand what you need. You can
get help at many different levels—no need to get stuck paying for what you
don’t need. For instance, when I began working, I was told by the HR person to
select “stable
value” mutual funds at high cost for my 401k. I knew nothing about
securities and neither did the HR person. This was the worst choice for me in
my 20s. I should have owned a 100% stock mutual fund at low cost like in 500
index fund. Over time I would have lost about 63%
of what I would have had. After moving my money to new employer, I was
advised to use an experienced broker. Besides charging an annual fee, he
charged a commission on a packaged product using his firm’s most expensive
mutual funds. When I told him to sell, he tried to sell me an annuity. You
don’t need a broker or an advisor NO MATTER WHAT they call themselves—broker,
advisor or Registered Investment Advisor. They try to hide their fees and
commissions in a detailed brokerage statement. You do
have a person to call if you have a financial question. However, unless you
have a million dollar account you are not likely to get a call back in a timely
manner. An RIA claims to have a Fiduciary duty: “an obligation not to
subordinate the clients’ interests to its own.” Due to the importance of this
fiduciary conduct, most investment advisers can make investment decisions for
their clients without first getting the client's permission. The problem with
this great idea is that a working RIA is still required to offer, NOT the BEST
type of investments for you, but the ones their firm has to sell. Wall Street
firms are in business to make money so you pay for the advisor, the firm
infrastructure and the firm high-cost management team. In the long run, you
earn less because you are the one paying for this kind of “advice.” The BEST
option for you if your Goal is to live
on the earnings of your nest egg is this: First use a low-cost tax-FREE
retirement account. You want to avoid taxes and spend ALL your money. You need
to avoid paying fees, charges, commissions, 12b-1 fees that
reduce your contributions and earnings to the account. Second, you want to take
advantage of the Miracle of Compounding: contribute $102,000 over 34 years and
end up with about $1.1 million to spend tax-FREE, fee-FREE. $1.1 million can
provide about $88,000 a year or about $40,000 a year AFTER inflation. Low cost
firms have RIA folks on salary.
Your BEST choice: https://www.amazon.com/You-Can-Afford-Retirement-FEE-FREE/dp/1517738253
?**********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
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
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”
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
FL
police carry out DeSantis political objectives: new Gestapo: police
objected? fired
Private Jet Owners
Emitting More Carbon and Paying Fewer
Taxes Than the Rest of Us
We
subsidize fake solar generator Ponzi that Buffett, US Treasury fell for
Ponzi
NY’s Offices Lure
Rich Hunting Bargains: their
RE tax deductions we pay for
Communities
can now sue for compensation for the costs of climate change
Default game will
cost us jobs, bank failures, business failures, gamers
still paid
SCAMS/SPINS:
IAR Douglas Schmitz caught
misunderstanding leveraged ETFs: client lost money
Oppenheimer caught
supervisory failures over fund that was part of a Ponzi scheme
Donnie Ingram Centaurus hit
clients unnecessary fees; firm failed to supervise him
Get your advisor money’s worth: your
advisor should be doing these 8 things for you
George Santos criminal
charges: campaign finance violations
Supreme Thomas “friendly” exchanges with wealthy resembles
Mafia favor obligation
New mortgage fee rules: higher credit
score buyers pay more
Will TX doctors
let sick pregnant women die rather than face state sanctions/disbarment?
‘Mental
health didn’t fire that gun' at the TX mall: racism, hate, suicide, liquor,
lost job
TX to arm election workers: intimidate Dems,
shootout to scare voters: GOP
win everytime
2nd Amnt: “well regulated Militia, being
necessary for a
Supremes
may bar all states from banning assault weapons, high-capacity mags
FL
man kills 12-year-old boy and wounded a man before turning the gun on
himself
TX
man kills 8 hurting more at the Allen mall: killed self
CA
man kills 1 hurts 5 at party in
MS
man kills 1, hurts six at Cinco de Mayo party
7
dead in Texas after car drives into crowd outside migrant center: driver
arrested
LA man shooting
at children playing outside his home, wounding a 14-year-old girl
MI man kills
1, wounds 2 over $4 purchase
TX reaffirms gun laws: no license, no illness check,
no training, no min. age
TX to put chaplains in public schools: Christianity
state religion: we
lose another freedom!
Nazi book
burnings began 90 years ago when shelves of "unGerman" works
taken off
GOP is also engaged in book removals while they coddle assault
rifle makers.
FL
rejects Social Studies texts: no social justice: publishers got 35% texts
rejected-unlawful
It
sounds like a relative but check separately: scammers are using voice to
take ransom
Romance
scams up a staggering 138% from $547 million in 2021.
Wrong: owning a home is better
investment than purchasing stocks: myth
and wrong
Ford Ranger recalled front passenger air bag
inflators may have been
installed incorrectly.
Peloton recalls 2.2 million bikes after injury
reports: seat
can collapse
At-home COVID-19 tests have been recalled due
to concerns about bacteria
contamination
Trump counting on organized
street gangs to show he has support to beat Biden
Trump for
Trump: ‘I
should not have to stand on a stage with other candidates,’ I’m leading in
polls
Trump would not commit to supporting
Fmr Prez is found liable
for an act of sexual violence: “Certified
Sexual Predator in 24”
Why
did women laugh at Trump derision of woman he sexually abused/defamed?
FL
bans Chinese home ownership
Putin loses mercenaries: no ammo: great
tactic for Ukraine: kill all ammo dumps!
Jobs
best-entry-level-jobs-that-dont-require-a-degree-indeed
Is
your company planning layoffs, closures?
Airlines
add workers as they gear up for summer travel bonanza
25 High-Paying
In-Demand Jobs (With Salary and Requirements)
Who owns your account now?
Unemployment
rate for Black Americans fell below 5% for the first
time ever in April.
Married couples who merge finances may be
happier, stay together longer: money fights↓
VW’s
Bentley chief to lead Volkswagen's software overhaul
12 Types of
Retirement Income
That Are Not Taxable
House-sitters look
after pets and houses free of charge in
exchange for accommodation
15 Ways Retirees Can
Stretch
Their Savings: some good ideas
Miracles:
Police
arrest anti-monarchy protesters ahead of King Charles' air conditioned
coach
Microbes discovered
that can digest
plastics at low temperatures
Floating
solar panel systems are beginning to boom in the
Baby
successfully undergoes brain surgery — while still inside the womb!
New
Alzheimer’s Drug: What Promising Trial Results Mean for Treatment
Implant ultra sound:
chemotherapy-drug-reaches-brain-in-humans-for-first-time/
CA man leaves job
interview, rescues
baby in runaway stroller, then lands job
@
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
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
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.
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.
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/
@
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/
