Every $1,000 invested becomes $100,000 tax-FREE in
retirement
The best long-term
investment (retirement) is a low-cost stock mutual fund. Morningstar found that “low fees are the single best indicator of superior performance,” not the manager’s
record or anything else. Each $1,000 you invest grows to $100K. 20
contributions invested for the long term provides $2 million tax-FREE. Start
your trust NOW: http://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702/
Saving $1,000 every
year on auto/home?
Insurers are
fighting for market share. 1 hour of shopping can clinch a nice bonus. Find
your last ‘dec’ (declaration) page and call 3 “direct writers.” Use our Guide
to buy only what you need (avoid the extras and duplicates you already have): http://www.amazon.com/Drop-Your-Insurance-Only-What/dp/1448623391
Allstate recently ranked Pennsylvania
Is your home just
about to have a claim?
These ten tips
for filing claims can save you $1000s
Tax credit up to $5,000 for health insurance purchase
Today, the Treasury Department issued final regulations
implementing the premium tax credit that will give middle-class Americans
unprecedented tax benefits to make the purchase of health insurance affordable.
Individuals and families who qualify for assistance (income $22,350 to $89,400
for a family of four in 2011) will receive premium tax credits of over $5,000
per year on average. Older Americans
who face higher premiums can receive a larger tax credit. Advance payment of
the premium tax credit will be made by the Department of the Treasury directly
to the insurance company for those with little cash. The credit is refundable
for those with little tax liability. Example: http://www.treasury.gov/press-center/press-releases/Pages/tg1587.aspx
Why are so few people in nursing homes?
If you listen to a sales person offer Long-term Care
insurance you might get the impression that almost everyone will need an expensive
nursing home at some point in their lives. If this were true, there would be
millions of people in nursing homes by now. Actually, out of 40 million
American seniors alive today, approximately 1.5 million currently live in
nursing homes, about 3.7%. Most people will never spend more than a few months
there. Most policies have a 90 waiting period—a deductible—so most people won’t
receive any benefits. Two-thirds of those going into nursing homes leave before
90 days are up. Few people end up in nursing homes because most people don’t
want to end up there. Family takes care and they usually pass away in a
hospital. After all, medical science can keep us alive there. Consider all the
alternatives before buying: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X
Retirement isn’t all that is planned
37% of workers say they will retire before age 65, yet more
than 80% of current retirees did so before age 66. Half of retirees leave work
earlier than planned because of health, layoff or care of elder, according to EBRI.
70-80% of workers say they will work part time in retirement but only 27% of
current retirees actually do. This means that life happens!
Be prepared. Creating a Wealth Reserve can keep your
lifestyle in shape:
Investors move money to low-cost leader
One of every
three dollars invested in mutual funds and exchange-traded funds through the
first four months of the year went to Vanguard, according to Morningstar Inc. Investors are learning that
highly paid advisors taking 1% from smaller gaines can really destroy their
earning power. Earning 5% and giving up 20% to someone for bad management makes
no sense. Just as Facebook skids down 14% from its opening price, investors are
getting tired of the hype. Members feel vindicated with http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137/
Poverty is the
future for more Americans—the gulf widens
Growing numbers of
older Americans are spending their retirement years in poverty, according to a
recent study. Poverty rates for people ages 65 to 74 climbed from 7.9 percent
in 2005 to 9.4 percent in 2009, according to the EBRI
analysis of University of Michigan
One of the biggest drivers of poverty
in old age is failing health and the associated medical costs. Many people also spend down their retirement savings too quickly, especially during
recessions. There is an incredible amount of geographic diversity in poverty
rates, ranging from over 25 percent in Opelousas-Eunice ,
La. Gallup ,
N.M. Pocatello ,
Idaho Helena ,
Mont. Ames ,
Iowa
Americans don’t want insurers to deny payments for
emergencies—Dah!
Seventy percent of Americans oppose efforts by insurance
companies to deny payment for emergency visits when patients believe they are
having medical emergencies, but after examination are diagnosed with non-urgent
medical conditions, according to the results of a new poll conducted by Harris
Interactive on behalf of the American
College
The Supremes will decide about our care next month—5 old
guys will decide for us!
WI gun totters overwhelm state licensing and insurers
WI has issued over 100,000 Concealed Carry Licenses so far and
is receiving 200-400 license applications each day. Since the new law only
gives OK to kill in home, car and office, insurers are not covering legal or
civil actions out in the streets. Gun owners claiming self-defense may still
have huge legal fees and a homeowners/umbrella will not cover the costs or
judgment. Gunfights at the OK coral will require separate cover.
GOP have lost
their minds?
Difference: Obama is black
and McCain and Romney are white. http://www.vanityfair.com/online/daily/2012/03/Mitt-Romney-Was-Born-in-Mexico-Say-Birthers-Who-Are-Bad-at-Math
SCAMS “Only
the little people pay taxes.” Leona Helmsley
IAN
41 Watchung Plaza, B242
973.746.2014
Alerts available at http://dankeppel.blogspot.com/
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