Friday, September 14, 2012

Keep More of What You Earn


Keep More of What You Earn

10 Mutual Funds for Tax-FREE Income, Growth and Diversification

>Earn 10% to 12% on your mutual funds FREE of income taxes.
>Avoid 1% to 3% sales fees and commissions on your account.
>Use low-cost mutual funds that are well diversified.
>Use a special IRS account to protect all your interest and gains.

Isn't it time you started using the low-cost high-return mutual funds the pension fund managers use?
You may not have the $ millions that pension fund managers have in their accounts, but that is no reason you can't Keep More of What You Earn like they do. You can also use a tax-advantaged account like they do. Get started in 1 hour. Presented by Law Steeple, MBA, one of our Insiders. Just $12.95.


 

 

 

No secret to having money: Invest early and spend less

New survey says HALF (47 percent) of the 1,038 respondents pointed to “living within my means” while more than a third (35 percent) say they “started saving from an early or at a young age.” Forty-two percent say saving for retirement is their primary financial goal. What is new is how to build wealth ON YOUR OWN and tax-FREE: http://www.amazon.com/The-ABCs-Building-Wealth-accumulating/dp/1468033344

 

 

Preferred auto insurance customers wasting premiums

Texas Office of Public Insurance Counsel found that the longer customers stay with a company, the more likely they are to pay more than they need to. The analysis found that the insurers' risk of loss is less the longer you stay with the company, meaning you become more profitable to the company the longer you stay around. While the savings will vary from person to person, long-term customers are likely to be paying too much.

The report was meant to be a siren call to shop around for home and auto policies. Our Guides show the ‘tricks of the trade’ to save: http://www.amazon.com/Industry-Insiders-Guides-Buying-Insurance/dp/1466435712

 

ObamaCare forced insurers to return premium overcharges

Virginia residents and businesses have received about $43 million in rebates from their health insurance companies. Fourteen insurers returned the money because they failed to spend at least 80 percent of their premium income.

 

What else does ObamaCare do for you?


 

 

Romney now says he will keep ObamaCare benefits …. Sort of… (if you qualify?)

Romney does FLIP right on TV—he will gut ObamaCare, Then won’t, then will again!

On Meet the Press yesterday he said he intended to reform the health-care system to allow people with preexisting conditions to obtain health insurance. However, Romney doesn’t have a plan, or even a vague outline of a plan, to cover people with preexisting conditions. To preempt a conservative freak-out, Romney’s campaign clarified to National Review that its actual position remains, “Governor Romney will ensure that discrimination against individuals with pre-existing conditions who maintain continuous coverage is prohibited.” What does that mean?

The key clause here is “who maintain continuous coverage.” Romney is saying that if you have health insurance, you won’t get kicked off health insurance if you develop a serious condition, even if you switch insurers. That’s not the same as finding a way to give coverage to people who are locked out of the insurance market for medical reasons. It’s not even a new proposal. That right has existed in federal law since 1996. It’s possible Romney is saying he wants to strengthen it but, as Jonathan Cohn has explained, that’s really hard to do, and even if he could, it would be a very limited change that would affect very few people.

GOP captures the undecided by using half-truth sound bites?

 

Ryan lied about running a fast marathon!? Can we trust this man?


“Turns out Ryan never ran a marathon in that time; a campaign spokesman was forced to walk back the comment.”

Why would he make up such a lie? Just to influence runners?

Does Ryan think we are stupid that no one would check him out?

Do all politicians think this way?

 

CA approves pay-for-miles-driven program

Regulators approved an auto filing by Esurance that will allow its policyholders to voluntarily participate in a unique pay-drive verified mileage auto program. Under the company’s “Drive Less, Save More” program, customers provide odometer readings each term for possible additional savings on their car insurance. Other companies that offer pay-drive programs include: The Automobile Club of Southern California, State Farm, CSE Safeguard Insurance Company and the Sequoia Insurance Company of Marin. Learn all the ‘tricks’ to lower your premium with our Guide: http://www.amazon.com/Industry-Insiders-Guides-Buying-Insurance/dp/1466435712

 

Vanguard low-fee ETFs shaking industry to core (profits)

Vanguard's ETFs have attracted 70% of the inflows over the past three years, according to a recent AllianceBernstein LP research note. “A fee cut could go a long way toward helping their [BlackRock] products compete more directly,” said Mike Rawson, an ETF analyst at Morningstar Inc. The battle between the two firms' emerging-markets ETFs is the clearest example of the shift that's been under way. The iShares Emerging Markets ETF (EEM) and the Vanguard Emerging Markets ETF (VWO) track the same index but the Vanguard ETF has an expense ratio of 0.22%, 45 basis points lower than the iShares product.

Members know there is no difference between the two funds except sales charges, which reduce the size of their nest eggs. http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137



Is your income going backward?

Median incomes fell 1.5 percent in 2011, while the official poverty rate ($23,021 for a family of four) remained essentially unchanged at 15 percent.

A family right in the middle of the income spectrum had an income of $50,054, which is actually lower than the 1989 median level of $50,624 expressed in 2011 dollars. The implication: For much of America the economy has produced not just one lost decade but two. Stagnation has even hit wealthier and more educated households (the 95th percentile in the Census data) for the past decade. http://www.myfoxspokane.com/news/economy/story/us-incomes-fall-1989-levels-how-did-happen

 


Top companies have moved their work overseas for lower wages and tax benefits.

 

 

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

 

Wealthy already plan to avoid new tax—The Romney way

Tax planners are developing ways to help clients avoid the taxes set to take effect next year. Advisers are devising methods for high-income taxpayers to shelter investment and other forms of income.

Obama's healthcare law imposes a 3.8 percent tax on investment income and a 0.9 boost in payroll taxes, both applying only to individuals earning more than $200,000 a year or households earning more than $250,000. That is about 4 percent of the tax-paying population, according to the non-partisan Tax Policy Center.

Among ways these taxpayers might be able to avoid the full brunt of the new taxes: cashing in gains this year instead of next; characterizing income as active instead of passive; and moving profits into vehicles or structures not subject to the tax, said a range of tax experts. Of course, law firms and real estate partnerships are exempt.

The 3.8 percent tax is assessed on top of the existing 15 percent tax rate on income from capital gains, dividends and other investments for the $200,000-in-income-and-up set. The tax applies to investment income from dividends, interest, annuities, royalties and rents - except for income earned in the ordinary course of a trade or business.

This 18.8% tax is still less than the 20% capital gains in effect under Clinton, when the deficit was going down. See http://zfacts.com/p/318.html

 

 

Corporations don’t need another tax break to open more factories—They went overseas

Corporations are holding record amounts of cash. And none of them wants to keep it in the U.S.Cash holdings for U.S. non-financial firms rose 3% to $1.24 trillion, according to Moody's. That tops last year's all-time high of $1.2 trillion. Moody's also estimates nearly $700 billion, or 57% of the corporate cash total, is held overseas. The ratings agency attributes this to emerging-market strength, dividends and high levies on repatriated cash.

"Without permanent reform that lowers the tax on overseas profits, Moody's expects the absolute and proportionate amount of cash held overseas will continue to rise," the firm says in its release. Even among corporate behemoths, there's a 1%: Apple, Cisco, Google, Microsoft and Pfizer accounted for 22% of all cash balances. Apple alone represented 8% of all holdings.

 

How did we get here

National Debt Graph by President





IAN

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