Ace Jaw's advice to 55+years old ones;
if you're well trained kids!!, you should read and understand also;
Ace Jaw's "1st Life" retirement in
Modesto, California, USA;
(Name of a person) 's "2nd Life," I won't know (only God knows) ... ;
(Name of a person) 's "3rd Life," I won't know (only God knows) ... ;
Beings in
Samsara,
i.e. Buddhism way of life-after-life ... ;
in May, 2026, Internet news e.g. 401K Plan's top 3% have been 1,000,000.98+
United States Dollar (USD) in their accounts, if compare to average commoners
are around 200,000.98+ USD in their accounts ... ;
Retirement Plans (Estate Planning, Investments, Long Term Care, Social
Security, Tax Issues) ... ;
Estate Planning, e.g. charitable contributions;
wills;
Estate Planning, e.g. Home Improvement (think of
double the est. cost);
Estate Planning, e.g. NOT to payoff if 1%
rate or 2% rate on mortgage; payoff expensive debts;
Estate Planning, e.g. should have 2 or 3 cars during
retirement;
Estate Planning, e.g. pick reasonable assumptions
(inflation rate, Life Expectancy, ROI, Saving Account rate, Tax rate, various
goals);
Estate Planning, e.g. You Need A Budget (Y N A B),
Quicken (a.k.a. Rocket); Mint; Every Dollar;
Investments, e.g.
www.netbenefit.com, i.e. Fidelity's
retirement planning ... ;
Investments, e.g. 10% ROI is "too high" in
retirement age;
Long Term Care, e.g. elderly assistant (cost
should be prepared); Stanislaus County (
https://stancounty.com ) provides home assistants to elderly if
apply-and-qualify;
Long Term Care, e.g. Parental Support (contribute
"chip-in" cost to family members including next generation ones, parents,
relatives, siblings, ... );
Long Term Care, e.g. world's largest healthcare
organization Kaiser ( www.kp.org ) has
discontinued its Long Term Care (e.g. UNUM plan) since 2026, because very
unaffordable cost (e.g. approx. 250,000.98 USD / Year) for each person's Long
Term Care, regarding nursing homes' healthcare; Kaiser continues (UNUM plan)
only the peoples who have been insured prior to 2026;
Social Security, e.g. if you're a (husband,
spouse, wife), you're qualified 50% of your (husband, spouse, wife) 's Social
Security; don't confuse here, so simple explanation would be: if your (husband,
spouse, wife) receive 5000.98+ USD / month Social Security direct deposit money
from US Government (as of 2026 Data), you'll receive 2500.98+ USD / month;
Social Security, e.g. if you're a (Living Together
a.k.a. Domestic Partner), you may be qualified ones with lesser percentage (NOT
50%), and you need to contact to (company, organization, government) for more
info of your beneficiaries, your benefits ... ; unfortunately if your (husband,
spouse, wife) passed away, you're qualified 50% if not remarry; if remarry,
you'll not qualify to receive any penny; very complicated and depending upon
policy, set by Social Security agents, if multiple marriages ... ;
Social Security (social security start age), e.g.
at 62 year age with reduced %, e.g. at 65 year age with lesser
reduced %, e.g. at 67 year age with standard %;
Tax Issues (as of 2026 Data), e.g. 23% if
>231,000/year income, 10% if <90000/year income;
Tax Issues, e.g. Federal recommends approx.
29,000.98+ USD / year, as (donations, gifts, charitable money) to needy ones,
next generation
relative ones;
You don't need Life Insurance WHEN
retirement age;
You should shop around (walking) on every
weekday (e.g. Monday);
Compensation from your (company, organization, government); Retirement Plan;
Contribution (e.g. roll-over to IRA); Retirement Plan;
Defer Contribution / Distribution; Retirement Plan;
Early Retirement Plan, e.g. your (company, organization, government) allows
55+ year age; Early Retirement Plan, e.g. your (company, organization,
government) allows 60-64 year age; Standard Retirement Plan, for (Medical
Doctors, Medical Professionals) start at 65 year age; Early Retirement Plan (s)
are 100% taxable, NOT funded like Compensation, Lump Sum
available (if you like to take all funds out in one payment), and cannot
roll-over to IRA;
Remember: Usage "Early Retirement Plan" means
you'll be receiving W2 Form (issued by employer) until 65; 55+ year's Early
Retirement Plan means you'll be getting W2 Form (issued by employer) for 10
years till 65 comes; 60+ year's Early Retirement Plan means you'll be getting W2
Form (issued by employer) for 5 years till 65 comes;
Some (architectural related, healthcare related,
IT related, medical related, ... ) professionals work after Early Retirement,
depending upon financial status, health condition, ... ;
Highest Average Compensation (H A C), other wordings would be: largest amount
of pension to be paid;
the employee's Life Annuity = (H A C) * Pension %
;
e.g. 2% of 1st 20 years of credited (Working Hour) service + 1% of additional
years of credited (Working Hour) service;
(H A C) would be based on the last 36 consecutive months over career (the
employee);
in common, usage "Compensation" means funded; NOT funded means
"monthly payments" from Insurance;
Stock Option: stock options are offered to qualify elites, and licensed
professionals, from (company, organization, government);
e.g. world's largest healthcare provider KAISER
PERMANENTE (NOT Public Stock) 's stock price was approx. 50,000.98+ USD in 2007,
And Then, after 20 years of Investments' ROI, the same stock is worth approx.
250,000.98+ USD in 2027; think of www.amazon.com
's 1 Public Stock Share was approx. 20.98+ USD in 2000s, however, approx.
20000.98+ in 2026;
Working Hour, e.g. 2000.98+ hours for 1 Calendar Year; some exceptions can be
applied to "Working hour," e.g. Alternative Emergency Service, e.g. Argent
Technical Service;
years of Services, e.g. 5 years of
services to be vested, e.g. 20 years of services to be qualified ones (regarding
Early Retirement Plan);
well trained kids!! replied: WHAT is "vested" sir?
I wrote: e.g. one of my sisters has approx. 5 pensions from 5 different
companies, and organizations, so after 5 years of services, (company,
organization, government) provides pension (Compensation) so called "vested" ;
Investment e.g.
interest rate as risk;
interest rate is up, And Then, bond prices down;
issues ((Call Risk by buying back), (Default Risk));
longer maturities (Maturity Date) are volatile;
measuring bonds at low rate WHEN market yields fall;
short term (1 to 3 years), intermediate term (4 to 10 years), long term (10+
years) Plan / Time
Duration;
Quality Rating Levels e.g.
1. Prime;
2. High
Quality;
3. Speculative, Specula;
4. Last, Default;
Fixed Income, "apples to apples," e.g. 'morning star' info ... ;
approx. 70% of 401K is U.S. Government Bonds ... ;
High Return means High Risk;
Institutional Class Fund (Number of
Portfolio (e.g. 650 Insurance Companies)), (Total Asset billions of US Dollar),
Yield%;
Indexing is such an effective way!!
Suggestion: if you're young, you should grab several opportunities of 401K for
your retirement age;
Morningstar, investment R&D company
(ETF, mutual fund, portfolio tool for investors, rating (estimated rate
calculation), stock analysis);
"Name Fund" (Bond%, Cash Amount, (Coupon still possible?), Time Duration,
Weighted Average Maturity) comparison to other "Name Fund" ... ;
Equity Risks (the Shakya King's info: never had
Equity Loan from lien holders mean "no equity risk");
Business a.k.a. Biz Risks e.g. corporate
profits reduce? (e.g. hard asset risk vs. soft asset risk);
Business Risk vs. Market Risk;
Market (Stocks): undervalued stock? turnaround (characterized by low P/E, P/B
Ratio, high dividend yields);
Growth Style (Stocks): rapid sales? e.g. Sun Run ... ; 2020s Data;
Growth Style (Stocks): rapid ROE Growth? e.g. Costco ... ; 2020s Data;
10+ billions of US Dollar (Large Cap);
2 to 10 billions of US Dollar (Mid Cap);
<2 billions of US Dollar (Small Cap);
Parameter (Blend, Growth, Value), And
Then, apply Cap to the Parameter;
Remark:
"Blend" with WHICH Fund?
Remark:
remember, don't forget THAT you cannot compare Value Fund to Blend
Fund;
Remark:
the Shakya King's info: you shouldn't count
money in your life;
Estate & Gift taxes;
in 2026, approx. $15000000.98 per person;
if elected, portable to surviving spouse;
survivor's Trust & Bypass Trust;
unlimited marital deduction;
GIFT $19000.98 annually to as many peoples as you want i.e. without tax (Income
Tax);
Bypass Trust can protect "principle" ;
expense ratio;
for Equity Fund;
for Hard Asset Fund;
several tiers exist (e.g. Tier1 Premixed, Tier2 Passive, Tier3 Active, Tier4
Self Directed) FUNDS;
Passive, e.g. B T C U.S. Debt Index F;
Active, e.g. B T C Total Return F;
Active, e.g. T R P Capital Preservation;
Equity: e.g. Russell 2500 Index F;
Equity: e.g. B T C M S C I A C W I E S G Index;
Equity: e.g. Trust S MID Cap Equity;
Equity: e.g. Dodge & Cox Stock X;
Equity: e.g. Fidelity Contra Fund;
Equity: e.g. Fidelity Commingled Pool Class O;
Equity: e.g. Acadian A C W I ex U.S. Equity;
Equity: e.g. Vanguard PRIME CAP Admiral;
Remark: B T C Russell is a little bit better!!
Fixed Income, Equities, Others (% mixed), B T C, Black Rock Institutional
Trust Company;
2030-2070, 9 diff FUNDS to choose from
e.g. B T C Life Path Index (% mixed = Bond % + Hard Asset %);
Suggestion:
parameters are Fixed Income, Equities, and Hard Asset, est. for 30.98
years;
Suggestion:
Est. Total Annual income needs? don't do variable annuities if you're
already in "HIGH CAP" ;
Suggestion:
if large gain (e.g.
nitotte
For
kaku
Each
(
u c h i
Home,
HOME, 
HOME, 
HOME, 
HOME, 
HOME,
home,
home,
home,
home,
home,
home,
u c h i
Home
): $195000.98 by 10.98 years for commoners with good economy),
Section 1035 EXCHANGE is solution to many peoples;
Investment Cost, e.g. How much would you like to pay me? e.g.
Anti-Earthquake design model,
Gene Therapy System,
... ;
Financial Advisors (Financial Services)
;
fee-only advisor, if compare to commission based advisor;
10+ years of experience (Service), recommended;
(CFA, C F P, CPA, CPA / P F S) Credentials, with (Accounting, Business, Finance)
academic degree;
check references, because you're trillion air e s, billionaires,
millionaires, almost millionaire, ... ;
reasonable fees (Financial Advisors) is OK;
compensation agreement in writing;
Advisors may have been received (commission, incentive, salary) from your (401K,
Fidelity);
in 2026 (WHEN this
document is
written), Standard 8500 US Dollar cost for Financial Advisors' Advice;
investment;
eligible means NOT 100% Entitle;
long term bonds, e.g. Federal bonds, government bonds, municipal bonds, ...
basically you're providing loans;
Remark: don't forget THAT bonds crashed in 2022;
understanding ASSET Class e.g. Cash Equivalents, Money Market Fund, Short Term
CD, U.S. Treasury Bill, ... ;
HARD ASSET, e.g. gold (Precious Metals) i.e. investment
Materials;
HARD ASSET, e.g. real estates;
HARD ASSET, e.g. Real Estate Investment Trust (R E I T);
Long Term Care (L T C);
chronic illness (Usage "chronic" means time period based, if compare to "acute"
means pop-up);
disability;
place in a Nursing Home; Nama For
Humanoid will be very (helpful, useful) for L T C in the near future
... ;
assistance living facility;
long term care (insurance, program, provider), e.g.
https://aaltci.org ;
some organizations offer L T C for employees;
some organizations' supplemental L T C is limited to $1000000.98
(Policy);
Suggestion: if you're a newly hired person, you should request L T C info
from your HR;
Advisors for financial (Investment Services, Plan, Tax, ... );
Mutual FUND;
each asset class & style (R&D);
high liquid;
managed by professionals;
Net Asset Value (N A V);
pool of money;
well diversified but not always;
Mutual FUND, required to pay (distribute) income, capital gain, ... ;
Hard Coded in Document means 'it has to happen';
durable power of attorney;
springing power of attorney;
choose executor & trustee (s) with financial acumen;
Life Insurance (promote, prompt, protect) beneficiaries ... ;
Required Minimum Distribution (R
M D) from IRA if Age 73;
no R M D, required for Roth IRA or Roth 401 (K);
1st distribution year;
distributions are due by December 31;
if fail of distribution, IRS penalty 25%;
Estimated Tax Payments online: https://ftb.ca.gov
(California);
Estimated Tax Payments online: https://irs.gov
(United States of America (Federal));
IRS A G I (Average Gross Income) limits $150,000 (by the year 2026);
S R P payments receiving, And Then, seek professional tax advice;
(Federal + California) withholding S R P;
Social Security;
cost-of-living adjustment e.g. in 1989, started with 3.15$/hr minimum wage in
New York (gasoline was <1$ per gallon);
cost-of-living adjustment e.g. in 2026, approx. 17$/hr minimum wage in
California (gasoline has been >5$ per gallon);
survival benefit;
Full Retirement Age (F R A) if Year-of-Birth (1960 or later), F R A
at 67 years Age;
if Reduction at 62, 30% off, i.e. Social Security's laws & regulations; Remark:
2026 Data;
Primary Insurance Amount (PI A), based on 35 years (the highest) indexed
Social Security earnings;
in 2026, Max F R A is approx. $4100.98+;
Delayed Retirement Credits, e.g. F R A at 70 years Age;
Delayed Retirement Credits (8% increases) + prorated for each month, e.g.
starting Age (62) <> 70% PI A;
starting Age (67) <> 100% PI A;
starting Age (70) <> 124% PI A;
up to 85% of benefits may be taxable for Federal purpose;
earning means working;
WHAT is your PI A? "review your earning history" at (est. PI A
Amount) online at Social Security ... website
... ;
3 months prior to applying Social Security;
Federal taxes withheld Social Security checks (payments);
Special Tax Issues;
profits from (ASSET: Houses, Lots, Properties, Stocks) will be taxed;
try to avoid 25% excise tax;
approx. 15% to 20% on Capital Gain Tax,
e.g. purchased a house in 2010 for $180000.98 and sold the house for 375000.98
in 2020,
in this case, Capital Gain Tax will be based on ($195000.98);
can only exclude such Capital Gain Tax, by 2+ years living at the premise, or
EXCHANGE;
EXCHANGE means within 90 days, if you purchase another Stock (in this case: diff
Property),
but, by laws & regulations, each person is limited to $250000, for Capital Gain;
in this case, a couple may be qualified for ($500,000.98) if proven 2+ years
living at the premise;
WHEN (dead, passed away), successor trustees;
TRUST Dept., Corporate TRUST Dept. (1% charge);
avoid probate (probate is instrument for wills) because Ace Jaw is not
billionaire; if billionaire, then instruments ... ;
wills or living trust is good enough (Ownership Form (
1. Separate Property,
2. Tenants in Common,
3. Community Property,
4. Joint Tenancy with Spouse,
5. Joint Tenancy with Non-Spouse
)) WHERE (1,2,3) are by wills or living trust, and (4,5) are by "Title";
(Life Insurance, Retirement Plans), go to Name Beneficiary, by Beneficiary Form;
Beneficiary Form, by Retirement Plan;
BASIC is WHAT you purchased & additional purchases, e.g.
fair market value at the Date-of-Death (assets);
(Step-Up, Step-Down) asset value;
TAXABLE to recipients;
mostly, wills go to probate process;
living trust doesn't need "probate process" ;
living trust, revocable at any time until dead;
