'Only the little people pay taxes': Create a Tax-FREE income river

'Only the little people pay taxes': Create a Tax-FREE income river

Protect all your investment earnings in a low-cost trust.

Turn your taxable pension or IRA into tax-FREE income.

Take $6,000 monthly FREE of income taxes.

Avoid tax on up to 85% of your Social Security benefits.

“Only the little people pay taxes.” Leona Helmsley said. Mitt Romney pays less than 15%. Warren Buffett pays only 17% total tax. 35,000 wealthy households paid $0 tax. 1,470 millionaires paid zero taxes in 2009. Are YOU paying too much? $12.95

http://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441

Avoid future higher tax with Roth IRA tax-FREE trust

High-income earners cannot contribute to a Roth IRA to gain tax-FREE income. However, you can convert a traditional IRA to a Roth regardless of income level. You pay the tax on the converted amount now in return for ZERO tax on much larger amount in the future. EG: Couple contributes $10,000 a year for 10 years. Converts $182,000 to Roth IRAs in year 10, pays income tax on gains ($82,000) and lets them grow tax-FREE. By year 20 you have $500,000 free of income tax. http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466/

Middleclass retirement without company pensions

According to a recent study by the Employee Benefits Research Institute, fully 44 percent of Baby Boomers and Gen-Xers lack the savings and pension coverage needed to meet basic retirement-age expenses, even assuming no future cuts in Social Security or Medicare, employer-provided benefits, or home prices. Most Americans approaching retirement age don’t have a 401(k) or other retirement account. Among the minority who do, the median balance in 2009 was just $69,127. https://ebriorg.wordpress.com/2012/05/

Members who started late still able to create a Tax-FREE Retirement: http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976/

Are you paying too much for the same portfolio your advisor gives everyone?

Most money managers attract clients by word of mouth. That’s how Madoff did it. You trust your advisor because someone else trusted your advisor. You assume they did their homework so you didn’t have to do it. Well, you know how that story ends. Ask your advisor what they do for their 1.8% fee on assets. For the average investor, that could be $9,000. If they become popular seminar speakers, revenue can easily top $10 million. What do you get? One hour a year and boilerplate plans putting you in one of the seven core portfolios. Successful investors have their own plans and so stick with them:  http://www.amazon.com/REAL-999-Plan-Invest-Spend/dp/1469917580/

New 401k fee disclosure will shock you to move to lower fees or Roth 401k

By November, you should receive your new statement. Under Department of Labor regulations, employers have to provide fee information to the investors in the plans by Aug. 30. The disclosures will simply show what an employee could pay in fees on various investment options in their 401(k) plans. But the real "aha" moment for many plan participants is likely to occur sometime after Nov. 15 when they receive account statements detailing what they actually paid in fees the previous quarter - in dollars and cents. Recent research suggests that the existence of fees might alone be news to many employees. More than 70 percent of 401(k) plan participants did not know they paid any fees for investing in their plans, according to a recent AARP study.

Small plan participants pay THREE times what large plan members pay so if you are in a high cost plan, you can stop and use a low-cost Roth IRA. Over time, current fees can take 40% of your nest egg. Redirect your 401k money to a tax-FREE forever account: http://www.amazon.com/New-American-Retirement-System-Tax-FREE/dp/1461030072

State Farm says ex-Penn State football coach Jerry Sandusky’s homeowners' policy shouldn't have to cover civil suits stemming from his sex crimes, even if they were committed in his home.

Save on auto insurance by using your Wealth Reserve^TM to self-insure

Self-insure the small infrequent risks and invest HALF the premium you are now wasting on your car insurance policy. Plus, You don’t need medical coverage if you already have a comprehensive care policy. You will never receive a benefit from the medical part of your car policy—your health policy is primary. There are 21 other ways to save premium and build your own Reserves, not the insurers’: http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

American General AIG leaves long-term care insurance

Last week Pru left the group market. GE Genworth and Transamerica (Ageon) will change pricing and commissions. Long-term care liability loss rates and claim severity are now at an eight-year high and could grow steadily into next year, according to an analysis by Aon Global Risk Consulting. There are alternatives: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X

Lies My Financial Advisors Told Me and low-cost alternatives I found

Did your advisor show you how to earn 10-12% return on your money without paying their fees every year?
Did your broker tell you that you can buy individual securities for $0 commissions now?
Did your agent call you about falling insurance premiums?
Did your banker explain your accounts will be ‘nickeled’ and ‘dimed’ to death?
Did your money manager explain that low costs are the best predictor of investment success?
Your financial “team” is robbing you of $3,000 every year.
“Professional money management is a gigantic rip-off.” Bill Gross, Bond Guru
Just published: https://www.createspace.com/3943417

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

It’s about time!

The Obama administration is launching an ambitious new drive against health care fraud by mining claims data from insurance companies and government programs in hopes of ferreting out bogus billing. Miami task force report: http://oig.hhs.gov/testimony/docs/2011/perez_testimony_03022011.pdf

Many banks trying to mislead on interest rate standard

A number of studies have shown that when it comes to lying about the key bank rate, Barclays was far from the worst offender. That title may belong to Citi.

In early 2010, two economics professors from UCLA and the University of Minnesota looked at Libor manipulation and found that, at least according to one measure, Citi had misstated its lending rate by more than any other large U.S. bank in the run up to the financial crisis. Worldwide, the bank that had the largest spread between what its Libor rate should have been and what was reported, according to the analysis, was the Royal Bank of Canada. By the WSJ's calculations, from January 23 to April 16 of 2008 Citi under-reported its borrowing rate by 0.87 percentage points, or nearly triple the 0.30 percentage point difference that the paper figured Barclays was fibbing by.

Pay for performance is the American standard

Why should we pay Congress people salary when we have no production?

Wealthy Congresspeople don’t want to show returns either—Mit keeps $ overseas

Most in Congress – Democrat and Republican alike – apparently are unwilling to make any of their returns public. Over the past three months McClatchy Newspapers asked all 535 members of Congress to publicly release their tax returns, but only 17 complied. An additional 19 refused and the rest failed to respond. Read McClatchy article.

Among those refusing to provide tax returns were Nancy Pelosi, the top Democrat in the House, and Harry Reid, the leading Democrat in the Senate. They each rejected repeated requests.

Insurers place their bets on GOP

Insurance industry political donations given to presumptive Republican presidential nominee Mitt Romney more than double those given to President Barack Obama this election cycle, according to a Best's News Service analysis.

Who owns your account now?

MetLife banking assets to GE

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