Friday, June 8, 2012

How much can you spend in retirement?

Do you know how much you can spend in retirement?

Check your plan before you hit retirement. You have time to fix it if you don’t have enough. You can check your Social Security benefits online at Complete the worksheet for definite answers in

Your Retirement Spending Plan

Did you know your 401(k) fees may be 46 percent higher than fees required?

Most of us don’t know how much we are paying. Most of us believe the Wall St myth: Employees believe that higher fees guarantee higher returns, according to a recent study. Actually, the opposite is true. Lower fee index funds often have higher net returns than higher fee actively managed funds. Stock pickers can’t pick the right stocks all the time AND charge fees that are up to 40 times higher--$5 per $10,000 vs. $271 every year. Compare your plan to others:

Most mutual fund holders can save $3,000 a year on fees by switching to the low-cost leader and NOT suffer poor returns. Over time, our members have increased their nest egg by $200,000 to $500,000 by using the two low cost firms:

Can you save on home insurance claims?

Yes. Basic maintenance can save the expense and time of home losses. Here is a checklist of things that you can do:

Need an unbiased planner to check your plan?

Vanguard, owned by its shareholders, not the fund managers, is offering planners to help you make sure you have what you need. Trained to advise not sell, these Vanguard employees may help you with little or no cost to you because you are a shareholder.

Women lack nest egg for retirement and live longer—Double disaster GOP could fix

There's a gender gap in the workforce, and it needs to be addressed. Women earn 77 cents for every dollar men earn -- 64 cents for African American women and 56 cents for Latinas -- which adds up to a loss of about $431,000 over the course of their professional lives. No one, on either side of the aisle, wants women to be discriminated against in the workplace. And yet, the Paycheck Fairness Act failed in the Senate on Tuesday. The procedural vote was along party lines, with 46 Republicans voting against it, 50 Democrats voting for it, two independent senators joining the Democrats, and Republican Senator Mark Kirk of Illinois not voting at all. Members create tax-FREE fund for family survivor:

ObamaCare benefits unknown to 80% of Americans

78 percent of consumers who would be eligible for new health care coverage under the Patient Protection and Affordable Care Act have never heard of the state-based health care exchanges where they will have to shop for coverage beginning in 2014. In addition, 60 percent of respondents said they believe they will need help in understanding health care insurance terms and descriptions and navigating the complex health care system. It is no wonder that the public is unfavorable.

Can GOP buy the President position next?

Unions outspent by Koch’s governor Walker in WI—a 21 to 3 ratio election dollars

"This is one election," Chris Fleming, the media director for the American Federation of State, County and Municipal Employees, told Yahoo News of the recall, adding that the left was heavily outspent in this race. "We cannot compete with the Koch brothers and all of Walker's millionaire and billionaire megalomaniac friends who want to take control of the government." Walker personally raised about $21 million, significantly more than the $3 million raised by Democratic challenger Tom Barrett, the mayor of Milwaukee. And Walker additionally benefited from major spending by outside tea party groups and super PACs.

SCAMS           “Only the little people pay taxes.” Leona Helmsley

AFLAC’s duck gets plucked for messing with customer cash

State split up $1.6 million settlement with Nebraska-based American Family Life Assurance Co., known as AFLAC, after a multistate investigation found numerous problems with the insurance company's practices. Regulators found almost every insurer scam that has been practiced over the years, including agent promises not from insurers, duplicate coverage, churning, pushing bad products, changing dates, rebating and illegal incentives. AFLAC gets to continue these until December because they didn’t admit they were wrong. The $1.6 million will be added to the premiums. No one goes to jail. 

-- Lack of proper supervision of sales, ads made and distributed by insurance agents/brokers, and bonuses and other incentives

-- Sales of duplicate accident and health coverage

-- Sales of policies that replaced or converted existing ones

-- Cross-border sales

-- Suitability/overselling

-- Policies that had waiting periods

-- Record retention and claim-date stamps

-- Discounts and special offers

-- Offering value-added services

AFLAC has not admitted or denied any legal violations. The company agreed to submit compliance reports to the department every six months for a total of three years, starting this December.

Cult leader lived on members death benefits but now charged with murder

The self-proclaimed leader of a Kansas commune that lived off life insurance payouts of its dead members has been ordered to stand trial on a charge of premeditated first-degree murder. Sedgwick County District Judge Clark Owens entered the order Thursday at the end of a preliminary hearing for 52-year-old Daniel U. Perez. Perez is accused in the 2003 death of Patricia Hughes at a compound near Wichita. It was initially listed as accidental. Defense lawyers contended there was not enough evidence to put Perez on trial. Owens disagreed and scheduled a jury trial for July 30.

Life insurance policy requires the beneficiary have an “insurable interest.” Was Hughes Perez’s wife? Was agent in on another scam gone bad?


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