Is Long-term Care Insurance right for you?
Rating firm Moody's says the health of the long-term-care
business is questionable. Of the 15 companies that generated the most statutory
earned premiums for LTCI in 2010, five either no longer sell the product or
have curbed sales. The list includes John Hancock Life Insurance Co., MetLife
Inc., Unum Group, CNO Financial Group Inc. and Prudential Financial Inc. Many
owners have to drop coverage as premiums rise.
Compare the alternatives: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X/
. $19.95
Is dog bite protection right for you?
Dog bite claims are on the rise and account for more than
one-third of all homeowners insurance liability claim dollars in 2011. Every
owner thinks their pet is God’s gift so coverage is not considered. Reality
sets in when you receive a notice of suit. Between medical and settlement
costs, your homeowners may not pay all. For a couple of hundred dollars you can
protect yourself with an umbrella liability policy. Some breeds are NOT covered
so ask. Most dogs respond to young children well but practice with known
situations. Consult specialists if your pet is aggressive with the unknown. Use
our Guide to pick the right “umbrella:” http://www.amazon.com/Drop-Your-Insurance-Only-What/dp/1448623391
Don’t stand near post office buildings
U.S. Postal Service
asks Floridians to stop crashing into post offices
This year so far, eight drivers have crashed into post
offices in Central Florida alone. Post office “tips”
include: Visibly check to see whether your foot is on the gas pedal or the
brake pedal," and "Visibly check to see if the vehicle is in Park,
Reverse or Drive."
Medicare premiums will rise only $1.47 next year – overall
spending down
Monthly premiums for popular private insurance plans through
Medicare are only inching up next year, the Obama administration said. Average
monthly premiums for Medicare Advantage plans will rise by $1.47 in 2013 to
$32.59, said Blum. When premiums and out-of-pocket costs such as co-payments
are combined, Medicare estimates that beneficiaries will actually spend less on
average. e
administration says Medicare Advantage premiums have gone down 10 percent since
the president's health care overhaul passed in 2010.
KS questions Obama’s birth and presidency AGAIN—GOP never
gives up
GOP never gives up or has KS moved that far to the right?
Romney never had to prove he wasn’t a Mexican.
It is only because he is black that Obama has to show he is
American
GOP hopes to win election by ending our deductions!!
If elected president, Mitt Romney has promised he will create 12 million
jobs, replace Obamacare and the Dodd-Frank financial reforms, slash corporate
tax rates, preserve the Bush income tax cuts, and then cut an additional 20
percent to boot. And, oh yes—balance the budget.
How does Romney propose to pull off this feat of budgetary magic? He isn’t
saying. He has said he wants to end loopholes to pay for this: charitable
giving ($47 billion), mortgage interest ($89 billion), retirement savings ($118
billion), and employer-provided health insurance ($131 billion). Aren’t these
cuts going to raise our taxes? http://www.businessweek.com/articles/2012-09-13/mitt-romney-and-the-fantasy-budget
How much do we really spend out of our paycheck? Less than
HALF?!
Elections are about taxes. In 1960 middle-income Americans
paid less than 30 percent of their earnings in local, state, and federal taxes;
today that figure is up to 40 percent. Many middle- and upper-income families
living in the states that have the highest taxes, such as New
York and California ,
pay nearly 50%—HALF—their incomes in taxes. High taxes reflect the growth of
government. Subsidies go to every group.
We pay Federal and state income taxes, Social Security and
Medicare, state sales tax, gas tax. In some states, we pay workers compensation
insurance, family leave insurance, disability income insurance, unemployment
insurance. Some of us then have to pay our employer for union dues, health
insurance, life insurance, long-term care insurance, etc. Some then have chosen
to pay for retirement 401k, 403b, etc. Some also pay property tax, homeowner
fees, road tolls to get to work, etc. Some pay interest on cars, etc. Some pay
student loans. Some give a tithe to religion. The only tax credits we have are
taxes, charity, mortgage, retirement and health insurance. Now even these are
at risk.
The Patient Millionaire
You don't need an advisor to earn $100,000, $500,000 even a
$1,000,000 tax FREE! You can do it yourself using the same low-cost
high-return mutual funds that pension fund managers use.
You already have the power to control the process they use
to earn your first $1,000,000. After that, it is easy to double your money without
income taxes or advisor fees. There is no reason why you can't become a Patient
Millionaire. You can also use a tax-advantaged account like they do.
You can compound your money into $1,000,000 with monthly contributions of just
$250. Compounding high investment earnings is “the most powerful force in the
universe,” Einstein said. Simple but powerful AND you pay NO tax AND NO
advisor/broker account fees for life.
Law Steeple is one of our Insiders. Just $12.95
SCAMS “Only
the little people pay taxes.” Leona Helmsley
Who are the 47% of Americans Romney says don’t pay income
taxes?
There are 78,000 tax filers with incomes of $211,000 to $533,000 who paid no federal income taxes last
year. Even more amazingly, there are 24,000 households with incomes of $533,000
to $2.2 million with zero income tax liability, and 3,000 tax filers with
incomes above $2.2 million with the same federal income tax liability as most
of those with incomes barely above the poverty level.
Congress people and staff not paying taxes either
The
Republican-led House passed legislation last month that raised the consequences
for federal civilian workers behind on their taxes, or anyone who wants to work
for the government. Supporters say the measure is necessary to hold employees
accountable, collect about $1 billion past due and foster confidence among
Americans that public servants aren't ditching their tax obligations. Employees
of the legislative branch — which includes members of Congress — owe millions,
too. In the U.S. Senate, 217 employees owed $2.1 million; 467 workers in the
House owed $8.5 million.
IRS has the power
to put a lien on salary but some have friends in high places.
Some states will
not renew a driver’s license if you owe taxes.
Guilty banker
gets out of jail and collects $104 million as he passes GO!
First, the
government threw Bradley Birkenfeld in prison for helping a former client at
UBS AG hide his wealth from the Internal Revenue Service. Now, as part of the
same case, the IRS has awarded the former banker $104 million for helping
expose the widespread tax evasion scheme by the Swiss banking behemoth. The IRS
collected $5 billion in back taxes and penalties from 4,700 Americans who held
secret overseas accounts and $780 from UBS.
What a business!
John Hancock
helps business owners avoid paying taxes
John Hancock sold a tax shelter called the Benistar plan,
which was intended to provide benefits funded by life insurance policies.
Customers are now suing the insurer and their law firm which provided a letter
of plan legality. In 2008, the IRS declared the Benistar plan an "abusive
tax shelter" and assessed back taxes and penalties on the customers. Benistar
plans claim a business can make unlimited tax deductions for contributions and
employees can receive benefits free of tax using the insurance exemption.
IAN
41 Watchung Plaza, B242
973.746.2014
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