Saving investment is a habit/Carlos Pueblo

Saving investment is a habit/Carlos Pueblo

It is a new year and I remind my son Arthur to prepare his $5,500 IRA

money for 2019 contribution. He shows me a checking account of

$5,342 to be closed for the majority of that amount. Because of his

low income, in addition of his deferred income deduction, he will get

a $200 tax credit in his annual income tax return. Saving investment is

a good habit to follow. Usually, I shall go to the security firm at Town

& Country Center to turn in the money and I also guarantee his stock

Investment because that the amount is not that huge and I do have

enough to cover it in case of loss.

I have advocated for years for the saving investment via any retirement

plans. The U.S. government encourages citizen’s retirement savings by

some deferred tax benefit and I firmly believe it. Even though there is a

down turn of stock market yet his investment dividends exceeds half of

his annual income last year and is still increasing. Until the dividends

reach his annual income, he is almost in financial independent status and

I estimate in another 10 years.

I am not an economist by training yet I believe the financial discipline. I

believe that applies to an enterprise or a nation. Many examples of

bankruptcies of companies and nations all due to lack of financial

discipline. It is the most common reason of social or national issue in

the world, simple yet difficult to follow through. We went to check a

new dryer at a mall where Sears is located. Sears is gone. Trump wants

to have 5.6 billion to build a wall along Mexican border in the name of

national security or national emergency for instance. I am glad that

Democrats won’t allow him. No need to complain for poor and try to

make it first by saving ourselves.