Wealth: What every high school student needs to know – now iTunes
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2,000 Americans
denounce citizenship to avoid taxes; but still enjoy it here
Americans are
finding more reasons than ever to take the drastic step of giving up their U.S.
citizenship, and the gridlock in Washington may push even more people to run
for the borders. Facebook co-founder Eduardo Saverin in Singapore since 2009. Socialite
Denise Rich just moved. Of course, these folks still own property here and
“party” here but just don’t want to pay for the priviledge. With all their
money overseas, will they ask for the American ambassador to bail them out if
they get in trouble over there? Use our: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236
AL reniges on
promise to pay for college
Alabama's prepaid
college plan is a step closer to an agreement with the state that would cap the
amount those students receive at an amount less than the full tuition they were
promised when they signed up for the contracts. Alabama's prepaid college plan
suffered financial trouble in 2008 and its board doesn't expect to be able to
pay the remaining 37,000 participants full tuition as it increases each year.
The state already has agreed to add $548 million to the program in future
years, but that still won't be enough to cover full tuition in the future if it
keeps rising at the current pace, according to experts. Members use low-cost
529 plans with Vanguard mutual funds. http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X
Study shows ETF
for traders not investors
The study found
that 62% of ETF shareholders exhibited buy-and-hold behavior, defined as
ownership of more than one year. Though that is less than the 83% among mutual
fund shareholders, Vanguard claims the difference is attributable more to the
type of investor drawn to ETFs than to the products themselves. ETF investors
are more likely to be male and over 60, and to check their account balances daily, according to Vanguard.
Investors in each of those categories tend to trade more than the average investor. ETF traders tend to try to time
the markets and usually earn less than buy-and-hold investors. There's no
question that ETFs are the greatest trading innovation of the 21st century,”
Mr. Bogle said at a conference in
February. “But the question is 'Are they the greatest investment innovation?'
and the answer is 'no.' ”
Mr. Bogle
recalled seeing an ad for the S&P 500 ETF that touted the ability to trade
throughout the day and thinking, “Who the hell wants to do that?”
ONLY the fools
think they can outsmart everyone else. Members invest like businesses: http://www.amazon.com/Wealth-Without-Wall-Street-Keppel/dp/1442168137
Insurers ask
colleges for more safety plans for children—Act like adults!
Women say they are not confident about financial decisions
A Prudential survey shows that while 53% of women in a
survey said they are the primary wage earners in their households, just 20% say
they feel confident with financial decision-making. On the other hand, about
45% of the surveyed men expressed confidence in making financial choices. Women
are better investors than men since they are more patient with their
investments. Members use our Guide: http://www.amazon.com/Ensure-Your-Financial-Health-Wealth/dp/1466388293
Pru out of LTCi market
The insurer
announced Wednesday afternoon that it will discontinue sales of new group LTCI
policies starting in August in all states. The carrier will continue to offer
the product in Indiana, Iowa, Kansas, Louisiana and South Dakota for “a period
of time,” as per state law requirements. Prudential will continue accepting
group LTCI enrollments until June 30. Low interest rates are blamed for the
decision.
Small employer 401k plans charge THREE times the rate of
large ones: Use IRA instead
Participants in 401(k) plans with less than $1 million in
assets pay average fees amounting to 1.41%. Disclosures show that is more than
three times the fees paid by participants in larger plans. Member use tax-FREE
IRA with costs of 0.07%. http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976/
FL takes care of poor children health but what about adults?`
For adults, Rick Scott has rejected Fed money for Medicaid
for the poor.
Hospital associations around the country have already signed
off on cuts to reimbursement rates under the health care law on the assumption
that the new paying customers they would gain, partly through the Medicaid
expansion, would more than cover their losses. "If we're going to walk
away from that coverage, we'll simply see those dollars we contributed through
cuts in hospital payments go to covering people in other states," said
Bruce Rueben, president of the Florida Hospital Association.
"It's a bad deal
for people in Florida if it plays out that way."
GOP House votes to keep healthcare plan in retirement for
themselves
"House Republicans refuse to admit they voted to give
themselves taxpayer funded lifetime guaranteed health care instead of having
the same health care as their constituents," said Jesse Ferguson of the
Democratic Congressional Campaign Committee. "House Republicans didn't
just vote to protect insurance company campaign donor profits this time,
they're even helping themselves to lifetime
taxpayer-funded government health care and now they need to be honest with
their constituents and admit it." http://www.businessinsider.com/republican-health-care-repeal-hypocrisy-congress-2012-7
Supremes upheld ObamaCare but split country in half—1/2 get
care, ½ don’t get care
Scalia not
unhappy since they took away the federal government’s ability to force states
to join the expanded Medicaid program. Some states are balking, potentially
leaving millions to continue with no coverage.
Republicans,
meanwhile, offered no healthcare relief and even threatened to eliminate
existing programs.
State uninsured and hospitals expecting Medicaid funds are
denied by GOP
New Jersey Gov.
Chris Christie not only would be saying “no” to President Barack Obama, but to
as many as 245,000 uninsured New Jersey
GOP Bachmann alleges Muslim spy in Sec of State Clinton’s
office
Bachmann charges that a Clinton Concord MA
GOP Allen West (FL) claims 80 House members are communists
and social security is a "form
of modern, 21st century slavery." http://www.businessinsider.com/allen-west-social-security-slavery-florida-rep-tea-party-2012-7#ixzz216RcXhWG
These weird claims must be in the GOP fundraising manual to help
stupid voters make up their minds. West and Bachmann are US Congress who represent
some voters.
SCAMS “Only
the little people pay taxes.” Leona Helmsley
AXA Equitable found
cheating health reimbursements
Regulators exact
fine from AXA Equitable Life Insurance Company after an investigation revealed
that the corporation made an undisclosed change to its medical claim
reimbursement policy resulting in lower reimbursements for many members.
Socialism for the rich—Farm land owners get double the rents
due to subsidy to renter
One of the largest farm real estate booms in decades could
be getting a boost from an unsuspecting player: the US
Who owns your account NOW?
Presidential Life
to Athene Annuity & Life
IAN
41 Watchung Plaza, B242
973.746.2014
Alerts available at http://dankeppel.blogspot.com/
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