Wealth: What Every High
School Student Needs to Know NOW at iTunes $3.99
Use a simple
tax-FREE account called a Wealth Reserve to learn how to invest for long-term
growth. This Wealth Reserve can provide $160,000 annual income for life with NO
income tax.
This Wealth Reserve can provide real “lifestyle” security.
This Wealth Reserve can provide real “lifestyle” security.
This Wealth
Reserve can self-insure and self-fund financial needs saving $3,000 every year.
This Wealth
Reserve takes advantage of the miracle of compounding—$250 a month becomes
$2,000,000 over time.
Start today! Every year you delay costs you $100,000 later. http://itunes.apple.com/us/app/wealth-what-every-high-school/id540588535?mt=8
Start today! Every year you delay costs you $100,000 later. http://itunes.apple.com/us/app/wealth-what-every-high-school/id540588535?mt=8
NC to reduce uninsured by 64% with ObamaCare
With the implementation of health reform, the first year of
the Medicaid expansion alone is expected to reduce the number of uninsured
persons in North Carolina North Carolina
Baby boomers will turn age 65 at a rate of nearly 8,000 per
day for the next 17 years. Most couples will need income for 30 years. IRAs
must be used starting at age 70.5. If they are not needed, IRAs may be
converted to Roth IRA which allows all gains to be left to heirs tax FREE like
life insurance. 401k income is taxed as income. Social Security benefits (up to
85%) may be taxed if other income is high. A little planning goes a long way
with our Guide: http://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016
Will you have enough? Where will you invest? How much will
you spend?
Is your advisor talking and showing variable annuity
benefits again?
LPL and other firms are helping their advisors to push variable annuities since sales are down and commissions are up. LPL and others are using videos to help capture more clients’ dollars. The benefits are income and growth in the future during low interest times. Your advisor should also mention the costs and risks of these products. The SEC has warned that misleading claims can lock you into low benefits/rewards in the future:
LPL and other firms are helping their advisors to push variable annuities since sales are down and commissions are up. LPL and others are using videos to help capture more clients’ dollars. The benefits are income and growth in the future during low interest times. Your advisor should also mention the costs and risks of these products. The SEC has warned that misleading claims can lock you into low benefits/rewards in the future:
RememberVariable annuities are designed to be long-term
investments, to meet retirement and other long-range goals. Variable annuities
are not suitable for meeting short-term goals because substantial taxes and
insurance company charges may apply if you withdraw your money early. Variable
annuities also involve investment risks, just as mutual funds do.
Book review Red Ink:
Inside the High-Stakes Politics of the Federal Budget
How did we get to this point of owing $49,000 for each
family member, up from $1,640 in 1966? Pulitzer-Prize-winning
reporter David Wessel explains each party’s contribution to the mess. Who pays
tax and who does not, how much goes to waste, how much is decided by 12,000 Washington
Estate taxes account
for less than 1% of revenue. Wage earners are paying 58 cents to state/local
government for every $1 paid to the Feds. Why Reagan had to raise taxes 14
times and still couldn’t balance the budget.
Is this socialism for the
rich or what?
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.
+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 return 11% long-term.
Where is your sloop going? A retirement
portfolio that flies. $12.95
Just published https://www.createspace.com/3948629
Insurers to raise price of UL life policies
Survey
shows many insurers must raise the premium and lower their guarantees because
of low interest rates and poor profit records. UL has a life insurance
component which continues to cost less
and savings component that can’t meet promises. Perhaps you should take your
buildup and invest it while you switch to a lower cost term policy. You will
have more later and still be covered. Life insurance is never a solid
investment.
GOP wants Romney to
abolish interest deduction to lower his classes’ taxes
Republican
platform drafters refused to put their party on record for preserving the
mortgage- interest deduction, giving Mitt Romney more flexibility to promote
his plan to lower tax rates paid by corporations and the wealthiest Americans
without increasing the federal debt. Middle-class taxes would go up to pay for
GOP tax breaks.
Who would vote
for that outside the 1%ers? http://www.sfgate.com/business/bloomberg/article/Republican-Platform-Won-t-Spare-Mortgage-Tax-3804350.php
Are commission-based accounts right for you?
Advisors are trying to switch our accounts into fee-based revenue
accounts. Some are getting rich on 1-2% per annum but 72% of industry assets
remain in commission-based accounts. Which is best for you? Like life, it
depends on what you want to do. If you are a buy and hold investor, paying a
low annual fee and no commission may be your best bet. If you like to pursue
the hot products, a 1% fee may be great for hopping in and out of new trends.
ETFs are popular but there are commissions to pay while an index fund of the
same market may be cheaper. Learn from the insiders: Lies My Financial Advisor Told Me
http://www.amazon.com/gp/product/1478281545/
Are your mutual funds really holding index funds (ETFs)?
Since you are paying 1-2% for a manager to pick market
beating returns, would you be surprised (and angry) to find that they have put
a lot of your money into index funds? It is true. Smart Money revealed that some small cap funds are actually
invested mostly in the Russell 2,000 stock index ETF. Your manager may claim
that they can easily sell the ETF when you and others want to cash in, but
doesn’t that defeat the purpose of paying a “professional” to make the “smart”
bets? Why pay extra for ETFs when you can buy the real McCoy and save the
manager’s 1-2% fee plus ETF fee. The difference can be 40% of your total nest
egg long term. In the last 10 years, Vanguard Small Cap Index has moved up
9.79% annually. You need your money more than your manager! Try it “neat!” http://www.amazon.com/Wealth-Without-Wall-Street-Avoid
Commissions/dp/1442168137
Women dissed by
advisors?
According to a Boston Consulting Group survey, 73 percent of
women say that they are dissatisfied with the financial services industry. Women
claim they are overlooked, excluded, receive contradictory or poor advice and get worse deal terms than men.
But women are better investors than men and most know how to
shop for a bargain. Stop wasting money and get better financial performance too:
http://www.amazon.com/Leahs-Money-Book-control-money/dp/1448654408
Woman dissed by GOP
Paul Ryan, a married Roman Catholic, would overhaul women’ s
health rights, Medicare, Social Security, and the health care law. He has
actively fought abortion rights, government funding of family planning and
insurance coverage for contraceptives. GOP platform says no abortion for rape, incest, even the death of the woman. GOP
claims the sanctity of life, but not the pregnant woman’s life? Back to the
coat hanger in the alley?
College student’s stuff may be covered by homeowners’
Check your policy or agent to confirm that your policy
covers most of their stuff in the dorm or off-campus housing.
10 investments
that worry regulators
Test your
knowledge of the top investing scams
being investigated by local regulators.
SCAMS “Only
the little people pay taxes.” Leona Helmsley
Life Partners accused of fraud—“Gambling on death”
Accusing Waco-based Life Partners of fraud, state officials
asked a state district judge in Austin
The company bought up insurance policies from elderly people,
then resold fractions of the policies to investors, often promising big returns
-- saying they are safer than buying gold or stocks. But some investors
discovered that they had to pay premiums to keep the policies from collapsing,
as people lived far longer than Life
Partners predicted. Dah.
Congress benefits from letting lobbyists write our laws?
You have to be a millionaire to understand how the laws are
written and they are.
Who owns your account now?
IAN
41 Watchung Plaza, B242
973.746.2014
No comments:
Post a Comment