Friday, December 7, 2018

What do you do when the market falls?


What do you do when the market falls?
Sell or stay the course? Why do the non-commission advisors like Warren Buffett tell us not to panic when the market declines? Why do the smart investors use the decline to BUY, not sell? The only reason is they have the experience of seeing the losers after they sell. Here is what I do, even in retirement: I look at the past market behavior-- http://www.moneychimp.com/features/market_cagr.htm. 2008=-37%, 2009=+27%, 2010=+15%; 2002=-22, 2003=+29; 1974=-27, 1975=+38, 1976=+24. Notice that when it falls, it rises. If that is not convincing you, look at the actual average earnings for advisor-assisted investors compared to the unassisted stock index fund: 3.79% vs 11%. Earning 11% a year (index accounts cost 0.04 % or less) over time beats 92.2% of the advisors and brokers unless they have illegal insider information. I use ‘perspective’: 2018 Jan 2=271; Dec 6=271 plus dividends. Last year I gained 22% tax free.

Is your ‘retirement’ account really an ATM?
Most (59%) of investors ages 18 to 34 say they already have taken money from their retirement accounts according to a survey. Yet most believe they will have enough to enjoy their retirement. Not long ago, only 31% had raided their future nest egg. What happens when our 401k or 403b is used as an ATM? The compounding effect is destroyed. Compounding is the effect of making money on our existing money without adding more. Invest $250 a month, $3000 a year for 33 years ($99,000) and compounding produces about $1,000,000: $900,000 was from compounding. When we interrupt the growth—just 5 years—by stopping the flow and ALSO reversing savings, we lose about HALF the final total.

Wages are up 3.7% Who is getting the raises?
The unemployment rate is now at 3.7%, the lowest since 1969. On a yearly basis, wages and salaries jumped 3.1%, the biggest increase in 10 years. But, which groups are getting the lion’s share of the increases? Corporate CEOs and upper management seem to have taken more than their share—perhaps from the corporate tax cuts. Most line workers seem to have given up more than they got—they will pay for the corporate tax cuts. The highest-rated employees earned 4.6% in raises in 2018, compared to the 2.7% average raise given to employees with an average rating. Although minimum wages were raised in some states, the big increases went to a few. Clothing manufacturing wages jumped 14% with only 116,000 workers. Refiners of petroleum and coal with 115,000 jobs saw the 2nd highest raises. Data miners are in demand. So most of the wage increase of 3.7% was for a sliver of very skilled workers and their bosses. CEO's have seen a 937% increase in earnings since 1978: Workers saw 11.2% during the same time. "CEOs are getting more because of their power to set pay, not because they are more productive or have special talent or have more education," says one report. Given cuts in corporate and wealthy taxes, paying for the narrow group of raises will fall to the working class only.


Do you need a REAL middle-income tax break?
The REAL tax break from the GOP and Trump is the removal of the income cap on conversions from traditional IRAs to Roth IRAs. The 1.6% income increase for the average household earning $50,000 to $75,000 has been eaten up by tariffs and health care costs. Compare the $thousands you save in taxes during retirement when most of your income is tax-FREE and you no longer have to take taxable RMDs from your IRAs. For many, the elimination of tax on IRA distributions means their income can continue to grow after age 70 ½ AND they will pay less tax or nothing on their SS benefits.


Advisor’s plan for retirement spending is impossible
The average spending for households headed by 55- to 64-year-olds was $65,000 in 2017, according to its Consumer Expenditure Survey. Spending dropped to $55,000 between ages 65 and 74, and after that it fell to $42,000. Housing costs remained steady and health care expenses increased, but nearly every other category — transportation, entertainment, clothing, food and drink — declined sharply. Retirement is NOT a fixed expense so putting all your money into an annuity or other fixed income vehicle is absurd. We all need flexibility unless we are going to watch TV for the rest of our lives. Advisors used to get off easy by telling us to take 4% a year. They were just lazy—it takes work to know how much to spend in the future. Chase bank created 4 profiles: homebodies, globe-trotters, health care spenders and foodies. Most advisors build inflation escalators into their financial plans but the data shows otherwise. For some, the huge bump comes with unexpected health care expenses. On the other hand, you should make that great trip or other retirement dream while you are able. Plan for flexibility!

Are trusts to avoid $10K cap on property tax right for you?
Wealthy folks in CA, CT, NJ, and NY are using trusts to hold their properties so they can avoid the cap of $10,000 on property tax set by Trump’s new tax bill. Those who previously deducted $50,000 or more for property taxes are moving ownership of their holdings to Alaska, where the tax is $0. Building and administering the trusts could cost about $20,000 plus you have to put investment assets in the trust that will generate enough income to balance out the $10,000 deduction. So this option will not work out for most taxpayers in the affected states. They will carry the load for the wealthy again. With a $20,000 property tax bill, the average homeowner will need to pay a larger chunk to cover Trump’s tax breaks for the rich.

Another way the wealthy avoid paying their fair share of tax
Feds just charged 4 people with helping the wealthy avoid US taxes using a law firm in Panama. The charges come from journalists getting records from the Panama Papers. One method: lawyers set up a fake investment into which a rich person could get the money out of the country. Then lawyers created a paper loss so the transaction could be called a non-taxable loss. The original money could then be returned to the US without a taxable event reported to the IRS. The rich could then use the untaxed money to buy a hard asset like a mansion with no questions asked.

This is how Jared avoids his fair share of taxes
Like papa, Jared uses other people’s money to buy commercial real estate. He pays himself well to run the business at a loss created from using the 'virtual' expense of building use and aging called depreciation. The losses mount up over the years and are added to this year’s loss. He earns $millions but never pays tax. We taxpayers actually give him a refund. Here’s an example from 2015. W-2 income: $198,000. Taxable interest: $536,000. Dividends: $1,000. Capital gains: $974,000. Deductions: Tax losses from real estate and other partnerships: $3.5 million. Tax losses carried forward from previous years: $4.8 million. Total adjusted gross income: Negative $6.6 million. Tax refund $4,000. A new Jared property just so happens to be located on one of papa’s US Opportunity Zones for another tax subsidy in Jared’s future.





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Make America, “The Don”, Great Again

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!


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How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 
Police paid by us for protection, not sadism: ‘It’s still a blast beating people’

US now exports oil: Saudi dictator can now be sanctioned—Trump need not fear him.

SCAMS/SPINS:
This is what the Trump ‘swamp’ really looks like: 3 swampers took $148 million.
Danard Brown Legend Securities caught ‘churning’ account for fees—fined, no jail
OptionSeller caught losing options customers $35.3 million they must pay back. Jail?

Bart Posey TN caught selling 17,000 fake health insurance policies: jail time.
Trumper attacks Mexican American tire store owners: Mormons killed hate-crime bill.

“Trump creating “new liberal order that prevents warSec State tells Europe. Crazycrazy
GOP tampers with votes again: it’s the only way to win with no credibility left.

Scammers favorite time is tax time. Forward to IRS for verification.

Wealthy men follow Pence to avoid women instead of treating them with respect.
Loan sharks have turned legit: miss a payment and you wish you were dead: Boiler Room

Advisors who filed bankruptcy recently might cause you pause at your account.


GOP: TX state platform head: ‘I’m a WHITE NATIONALIST and very Proud of it.

The ‘Leader’ violates every legal protection under the law: Obstruction and Tampering.

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.
‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.
Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.
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Jobs:


Who owns your account now?
OptionSellers.com’s disastrous gas options loss: clients owe brokers $35.3 million.
Start collecting your deductions now and file early Feb 15 for quick refund.
4% on your checking account? Are they crazy? Read details if it is for you.

Safest way to lose your future retirement nest egg: any of  these 10 ways to go wrong.
Brokers you might want to avoid: Check their history at BrokerCheck.

Miracle:

How did they get that shot? 100 Best Photos by National Geographic Utah's Bears Ears!

Michelle tells women they just need confidence—everyone else is not really that smart.

Blood test can detect cancer in 10 minutes. 90% accuracy for early treatment.

IAN
41 Watchung Plaza, B242
MontclairNJ   07042
973.746.2014
Alert

Friday, November 30, 2018

How much do lower fees really help us reach our goals?


How much do lower fees really help us reach our goals?
Vanguard just lowered the minimum for us to qualify for lower fees on funds. Many brokerage firms are cutting fees. Does a low fee really matter over the life of a retirement fund? The comparison is simple: $250 a month $3,000 a year for 34 years at the average earnings of the S&P 500 index (11.06%) is $1.1 million. We pay .04% so we net about 11% a year on average. If we deduct 1% from our earnings, we have only $863,483 or $247,517 less. That is 22% less. If you let your advisor manage your account, you earn only 3.79% for 34 years according to Dalbar’s survey of actual investors. That means the trading and market timing will cost you $902,930: $1.1 million (you could have earned) minus $208,070 (your earnings). Will you drop your advisor in order to make more money for retirement? We follow Buffett’s advice.

Are small business deductions right for you?
Many Americans are turning to creating a business out of their part time and sometime work schedule in order to help their family survive the increasing costs of living. Wages have been flat since the 1980s for many middle-income workers and it makes sense to pay as little tax as possible. A quarter of workers make less than $10 an hour, putting them below the federal poverty line. Meanwhile the top 1% owns 40% of our country’s wealth. Following The Leader’s example, many are able to actually reduce their regular W-2 income for tax purposes. The GOP has provided another incentive: an extra 20% deduction from net profits. Just follow the deductions here:
https://smallbiztrends.com/2016/02/top-tax-deductions-for-small-business.html. A special for Uber/Lyft drivers is deducting the ‘snacks’ you provide in your car. After you take all these legal biz deductions, take another 20% when you qualify. You may not be able to reduce all your income to negative for years, like The Leader, but at least you can add income without more taxes.

Why are we subsidizing GM? Trump threatens to cut subsidies to GM
Is America a Socialist country? When our tax dollars are paying a private company to make a profit, How is that different than in China, Russia or Cuba? How much of our tax dollars are going to GM and other corporations so their CEOs can receive multimillion paychecks? And some profitable corps don’t pay taxes—even with the tax cuts! How socialist is that? They receive subsidies and don’t pay taxes and yet buy expensive planes and toys for their CEOs. Sounds like a ‘welfare queen’ to me.

Do you need a REAL middle-income tax break?
The REAL tax break from the GOP and Trump is the removal of the income cap on conversions from traditional IRAs to Roth IRAs. The 1.6% income increase for the average household earning $50,000 to $75,000 has been eaten up by tariffs and health care costs. Compare the $thousands you save in taxes during retirement when most of your income is tax-FREE and you no longer have to take taxable RMDs from your IRAs. For many, the elimination of tax on IRA distributions means their income can continue to grow after 70 ½ AND they will pay less tax or nothing on their SS benefits.

NY requires insurance agents to give us the best deal ‘fiduciary duty’
The New York Department of Financial Services issued a final regulation in July that is set to go into effect in August 2019. The rule requires that "only the interests of the consumer" be taken into account when making an insurance sales pitch, and compensation to the agent or broker is only permitted if it "does not influence the recommendation." "Thus, this regulation effectively requires the agent to become a fiduciary to the consumer." Agents and their association claim they can’t make a living since they are acting for insurers, not us. But insurers know the fiduciary rule is best for the industry long-term and also know agents will continue to sell their products including high-cost annuities.

Corporate management uses life insurance to avoid taxes
Insurers sell a special policy that works tax miracles for business owners. Their corporation makes contributions to the plan.  Rank and file employees do not get any benefits. The contributions are tax deductions to the corporation. The contributions go to fund life insurance whose beneficiaries are designated by the owners. The principals are able to access the cash surrender value of the insurance contracts tax free. The beneficiaries do not recognize any income. Perfect scam: owners pay less tax and get life insurance benefits for free. CSV can be security for purchases and loans.


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Make America, “The Don”, Great Again

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

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How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 
Our debt rose $2 trillion under Trump: total $21.7 trillion.” 10% in just 2 yrs.

SCAMS/SPINS:
DO NOT READ this report: Trump does not want you to read his report--future climate.
“Trump Foundation functioned … as checkbook for business/political interests.”A crime.
Public hanging supporter gets endorsed by The Leader. MS voters go for racist again.

Trump’s army used pepper gas on the woman/children: ‘you could put it on your nachos


TrumpCare junk insurance will bankrupt us again. This was story before ObamaCare.
Is one emotionally distressed man’s gut leading America into oblivion?


Family & Relatives at risk in nursing home when businessmen buy it. Profits for bedsores
2 scientists claim just one “Adam and Eve” started life. Pigeons & humans same DNA.

David Fagenson caught making unsuitable trades for seniors: huge profits
Scott Newsholme NJ caught forging signatures & tax returns gets 8.5 years jail.
Frank Dietrich caught selling notes in real estate Ponzi scheme loses license.

James Polese MA caught taking client money in wind farm fraud gets 5 years jail.
Raimundo Atesiano Police Chief got his men to frame innocent people got 3 years jail.
Eric Landis VA caught promising microcap promotion scheme by pump/dump trades.

Bernard Ogon MD HealthRight caught selling bad pain cream/supplements for $7,600.
BEWARE: New ‘car’ buyers—GM, Ford Fiat may not support CARS in future.


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The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.
‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.
Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.
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Jobs:
GM closes 5 plants: few cars to produce—15% of salaried workers.
Make a fortune selling the RED Melania Christmas trees at the mall! Tax dollar at work.

Who owns your account now?
Over 40% of voters said healthcare was the top issue ahead of immigration and economy.
Always appeal your health care treatment denial—Insurers don’t like paying claims.


Miracle:



IAN
41 Watchung Plaza, B242
MontclairNJ   07042
973.746.2014
Alert

Friday, November 23, 2018

Compound interest provides $1 million


Can compound interest provide a $1 million retirement?
Are you saving and investing at least $250 a month in your retirement at work (401k, 403b) or IRA on your own? Are you putting most of the money in low-cost stock mutual funds? The other variable is time. Compound interest works when you have time on your side. It takes about 33 years ($250 a month, $3,000 a year) with total contributions of only $99,000 to reach $1,000,000. Even if you begin after age 30, you can still have much more than almost all your neighbors. According to Warren Buffett, “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” Mr Buffett recommends we use low-cost funds like those at Vanguard. He confirms that compounding works over time if we do not try to time the market or trade the ‘hot’ securities. Look at any 33 year period of stock earnings. You earn 10-12%: http://www.moneychimp.com/features/market_cagr.htm. Go with Buffett’s ‘Secret’.


What about ETF up 35% this year?
What are the gurus and TV marketing people so happy about? Your plain low-cost broad market index that Buffett recommends is flat for 2018. So what can financial people talk about? How about gold (JDST): Return year-to-date: 48.79%; One-month return: 28.66%. But after you look further, the three-year return is -77.62%. Natural gas? (UGAZ): Return year-to-date: 51.62%; One-month return: 22.37%. But three-year return: -51.43%. How about muni bonds (EVLMC)?: Return year-to-date: 100.76%; One-month return: 0.11%. No track record for a three-year return: N/A. So what about Treasuries (DLBS)?: Return year-to-date: 37.96%; One-month return: -0.74%. Not much better than your bank savings account in three-year return: 0.24%. 500 Index (VFIAX)?: Return YTD: 3.83%; 5 year: 11.3%; 10 year: 13.22%. Salespeople always have ‘shiny objects’.

Do you need a REAL middle-income tax break?
The REAL tax break from the GOP and Trump is the removal of the income cap on conversions from traditional IRAs to Roth IRAs. The 1.6% income increase for the average household earning $50,000 to $75,000 has been eaten up by tariffs and health care costs. Compare the $thousands you save in taxes during retirement when most of your income is tax-FREE and you no longer have to take taxable RMDs from your IRAs. For many, the elimination of tax on IRA distributions means their income can continue to grow after 70 ½ AND they will pay less tax or nothing on their SS benefits.

Health ins plan scams prey on the most vulnerable
“You can now get a great insurance plan at the price you can afford. We make it hassle free to sign up with the policies from Signa Blue Cross Etna United and many more. Press one now to get a hassle free assessment or press two to be placed on our do not call list. Thank you and it’s always be happy blessed.” Criminals promise inexpensive health care plans and take personal information that’s used to commit identity theft. In another version, victims are sold useless healthcare discount plans that scammers frame as cheaper than the consumers’ current health insurance. A Florida-based company named Simple Health Plans allegedly collected $100 million from tens of thousands of victims, Federal Trade Commission lawsuit.  Consumers paid up to $500 a month for a relatively worthless product, the agency said.

Do you own the absolute WORST funds?
Why do people pay much more for exactly the same commodities as others? Convenience? Inertia? B.S.? Misleading benefits? Some advisors are charging 2.33% for the same product as others charge 0.00%. Is that a ‘loss leader’? Sellers need to make something in order to compensate for time spent on other services they say. State Farm charges 1.34% for their plain 500 index fund. Do their customers believe they are buying an insurance product? Many insurers seem to be enjoying this extra profit. Perhaps customers are finally getting the message—net flows are negative for 3 and 5 years. Customers who feel more informed have chosen to separate financial providers/vendors. Vanguard, not brokers, offered the index in 1976 for less. It is now the largest mutual fund firm for a reason—costs matter. 11% vs 3.79% return on your money is huge.  

Another way the ‘Tax Credit’ class avoids paying their fair share
The IRS just issued proposed regulations stating that there will be no clawback of the use of any unified credit (gift tax exemption) before 2026 when the lifetime exemption will revert from $10 million to $5 million. Wealthy taxpayers may safely use the current $5+ million excess and, if death occurs after 2025, still have $5 million for estate tax purposes, thanks to the millionaire Congress. Similarly, a taxpayer could make a taxable gift now of $11.18 million without concern that there would be a phantom estate tax on their death after 2025. Passing on $11.18 million tax-free allows the kids to get the ‘head start they really need’? to create their own tax-advantaged business.


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Make America, “The Don”, Great Again

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

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How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 
Trump’s stunt over: 5,800 troops not home for Thanksgiving. Cost us $220 million.

SCAMS/SPINS:
RoboCallers index: Top 100 callers by volume https://robocallindex.com/top-robocallers
Hackers control your pacemaker? Any electronic implant can be controlled by others.

First Choice Healthcare Solutions caught ‘pump and dump’ stock scam: $12.5 mil lost.
Elite Stock Research caught ‘pump and dump’ stock scam: $10. mil lost.
Giga Entertainment caught paying others to pump up sales software on Apple Store.

Check food: banned flavors--methyl eugenol, benzophenone, ethyl acrylate and pyridine.
Ford’s robot cars: “When we take the road, we know what doing and where the profit is.”
Trump attacks another distinguished patriot: draft dodger says he could have done better.

Cheryl Ann Stallings caught controlling client bank accounts for profit
Scott Newsholme, FL caught stealing $3.1 million by various fraud: jail 8.5 years

H. Beck MD caught allowing sale of unsuitable L-share variable annuities/riders. No jail.

The Don SAYS HE'S MOST THANKFUL FOR HIMSELF ON THANKSGIVING





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The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.
‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.
Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.
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Jobs:


Who owns your account now?
Avoid mistakes like these in passing on your accounts and assets.

Foxconn coned WI into $4.1 BILLION subsidy: now orders down but taxpayers billed.

Miracle:
Where is the miracle that stops mass killings? More crazy people or mass destruction weapons?

20 million more of us have health insurance than in 2010! 28.5 million still not covered. We can do better: All the children in New England are insured. 


Mick and I live off of this fire between us” New rule: work past age 75 for a grand life.

IAN
41 Watchung Plaza, B242
MontclairNJ   07042
973.746.2014
Alerts

Friday, November 16, 2018

Is the Roth 401k right for you?


Is the Roth 401k right for you?
Over 70% of defined contribution plans allow retirement investing designated a Roth. More plans are offering higher matching contributions. More plans are REDUCING the number of options so you can make a better choice of long-term investments. Using the Roth tax-advantage means you can spend your entire retirement fund—no taxes. For those who can’t put much into their plan, this may not seem much of a benefit since they may not have enough income to cause an income tax bill. However, if you have a family income over $100,000, you will definitely benefit from the Roth tax shelter. Yes, you pay income tax now on your current income but the Roth advantages can be astounding. Investing just $250 a month from age 30 or a total of $99,000 ($3,000 a year X 33) and you will have about $1 million—all TAX FREE. You follow Warren Buffett’s strategy—buy and hold a low-cost stock fund. You do nothing else—market timing or trading funds only hurts your compounding rate.


Charity deduction may take some planning
With the standard deduction at $24,000 for many couples, you may not use your giving deduction as in former years. Some planning—put 2 years of donations into 1 year to take the deduction—may make it possible. For those with itemized deductions over the standard, you can now up the donations and give up to 60% of your income. Gifts other than cash can create a donation deduction of the item’s fair market value. The IRS actually demands receipts when a donation is more than $250. In some cases, appraisals also are required but in most cases, the receipts are for your records only. Larger amounts may trigger an audit and the receipt is required. For instance, one client gave a motorized wheelchair to a hospital and got a receipt for the current fair market value or $900 about half the price they had to pay.


What is your broker/advisor selling?
Can you tell when your salesperson is right about the market? What are the risks in market timing, puts and calls, options of any sort? Can your salesperson really predict the future? Why are brokerage recommendations wrong more than half the time? Does market research really help your guru newsletter? Does it really have an audited true positive track record of getting you out of the market in time and back in when it is safe? So why does Warren Buffett’s buy and hold beat the hedge fund manager who uses 5 different strategies? Are salespeople helping you get rich or just getting rich themselves? Did you ever compare your total return over time to a low-cost buy and hold strategy? The average advisor-assisted investor earned just 3.79% over time compared with a low-cost market index fund of 11%. Is this strategy better for you: http://www.saferchild.org/power/

Is legal guardianship right for you or your family?
What happens to you or your family member when their memory starts to fade? When you or someone in your family can no longer care for the person with diminished capacity, what can you do? A court-ordered guardianship can shatter their life. This form of control can lead to the isolation and exploitation of older Americans. For full guardianship, a judge transfers the individual’s civil rights — including the right to sign contracts, make medical decisions, and choose with whom to associate and where to live — to the guardian. If the guardian is a company or poor relative, things can go wrong fast. Some states don’t maintain regulations that assure that guardians act in the best interest of those in care. Since there is no oversight except a court judge, financial and emotional abuse is common. Fixing problems can be a daunting task especially if caregivers are apart physically and legally. You may be fighting a company with the legal rights over a person (and their resources) who can no longer make decisions. AARP has provided an example that must give every caregiver pause.


Are Suze Orman’s legal documents right for you?
The so-called “America’s personal finance expert” wants to sell you the wills and trusts she claims you need to “protect every aspect of your financial life.” And you receive a $2,500 value for only $63! Since her ad appears in AARP material, I assume AARP receives payment for the sales like they do from Hartford Auto Insurance and other vendors. But is just filling in a form online really all you need to ‘protect every aspect’? You can ask questions but are lawyers giving you the right answers? It looks like some customers are having technical problems. Some reviewers seem to disagree with her trust advice. Also, remember that most people have their largest assets in a form that avoids any of the problems this non-legal ‘expert’ cites. Your home is usually held jointly. Your pensions and IRAs are already protected and go to the joint owner and beneficiary automatically. Before you pay $63 ask your other advisors about this kit. Compare other options like LegalZoom and NOLO. Suze is a marketing genius not a lawyer.

Most affluent people do NOT know what to do with their RMD
A study of affluent savers finds that 80% do not need this retirement money for their everyday needs. They are not clear on the options for this money after they pay tax on it. Fact: At age 70 1/2, you must start taking required minimum distributions (RMD) from your 401(k)s and IRAs whether your need the money or not. That was the 401k bargain:  (employers stopped funding company pensions): You could save for retirement without current taxes on contributions. The IRS now wants its tax money and you must treat your annual 3-4% RMD as regular income. Up to 85% of SS benefits are taxable depending on your other income. So, what to do with the money you don’t need right now. You can’t make tax-deferred contributions anymore even if you are still working. After you pay the tax, how can you avoid paying tax on future growth if you chose to invest the money? Can you donate the money and create an offsetting deduction?


****************

Make America, “The Don”, Great Again

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

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How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 
$2.8 BILLION for 44,000 immigrants in concentration camps. Worse than WWII.
We just gave Amazon $1 Billion in tax benefits—when will we start paying more?

SCAMS/SPINS:
Trump’s press conference: a waste--It’s just propaganda ‘big victory’? Really!
CA victims get no more help from Trump—fires are state’s fault.
Trump named Whitaker AG ‘I know Matt Whitaker’—‘I don’t know Matt Whitaker

FL Gov seeks to give police custody of election, exclude ballots. Dictators do this.
GOP campaigns and committees spent $3.2 million at Trump properties.

Vitamin D does not help most people avoid cancer or broken bones.
$15 million is why you should always contest insurance denialAetna reckless disregard
Commonwealth Financial caught overcharging investors via mutual fund share classes.


Joseph Meli NY caught promising big profits reselling event tickets gets 6 years
Your brokerage may be raising your fees to pay for price quotes from the exchanges.



IRS special agents for criminal investigations dropped below 2,100—Lowest since ‘60s.



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The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.
‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.
Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.
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Jobs:

Who owns your account now?
Disaster victims tax filing for 2017 extra time filing closes Nov 17.
Our SS account has other benefits. https://www.aarp.org/retirement/social-security/

Your pension: BEWARE: Religious institution pensions can be cancelled any time.
You can add to your employer’s 401k after age 70.5 but not to a regular IRA. OK to Roth

Miracle:

Trump judge gives CNN back the WH press pass—Don, everyone has 1st Amend too.

IAN
41 Watchung Plaza, B242
MontclairNJ   07042
973.746.2014
Alerts