Friday, August 10, 2012

No tax EVER

Accumulate $1,000,000 with NO taxes EVER.
+Take $6,600 monthly income FREE of income taxes in retirement.
+Avoid tax on up to 85% of your Social Security benefits.
+Turn your taxable pension or IRA into tax-FREE income.
+Use a special tax haven to protect all your earnings and gains.

+Twelve low-cost mutual funds that returned 11% long-term.

Where is your sloop going? A retirement portfolio that flies. $12.95

Another Long-term Care insurance offering dropped

Mutual of Omaha, Omaha, Neb., says it will stop taking applications from employers for new multi-life LTCI programs. Mutual of Omaha also is cutting first-year gross commissions on new LTCI policy sales by up to 15% in many states. The company is eliminating the lifetime benefit option and all limited-pay options, except for the Flex to Age 85 option. Interest rates are cited as a reason.

Why the Romney ‘way’ is the wrong way

Romney and his fellow buyout barons don't care in the slightest about whether they create jobs or destroy them. All they care about is making money for their investors and themselves, not necessarily in that order.

Is this the American we want for all the people?

GOP and Tea Party at odds over subsidies to Agribusiness

Conservative groups like Americans for Prosperity, Grover Norquist's Americans for Tax Reform and the Competitive Enterprise Institute accused farmers of using "the current drought to lock taxpayers into a trillion dollars worth of bad agriculture policy." Congress returns to Washington in mid-September, for 10 working days. If Congress fails to pass a new farm bill by Sept. 30, federal farm subsidies will revert back to the 1949 farm bill intended for a very different America, in which there were 5 million farms -- more than five times today's number, and no crop insurance. The 1949 farm bill has been the backstop for every farm bill that's followed, but Congress has always managed to pass a new farm bill. These are different times. Last month, for the first time in a half century, according to the Associated Press, House leaders chose not bring the House Agriculture Committee's draft farm bill to the floor for debate.

Which lobby will win?

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

Wall Street caught taking advantage of our cities

The S.E.C. has also pursued some accusations of improprieties among underwriters. In 2009, J. P. Morgan Securities settled a case in which it was accused of making payments to friends of Jefferson County, Ala., commissioners in a scheme to win county business involving municipal bond offerings and derivatives agreements. In settling, J. P. Morgan agreed to pay $50 million to the county, and to forfeit more than $647 million in termination fees associated with the deal. Jefferson County has since filed for bankruptcy.

But cases where the agency has alleged unfair dealing on behalf of issuers during the credit boom are rare.

Who owns your account now?

Carlyle Group LP (CG) agreed to buy TCW Group


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