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 retirement 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
What is your retirement income plan?
How much will you receive from Social Security?
From a part-time job?
From your nest egg?
From your other assets?
Having a plan makes your life easier in retirement. Do it
now so you can have peace of mind. http://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016/
Did you receive an IRS notice about IRA contributions?
One member received a notice for more tax because IRS
claimed the filers were not allowed to deduct all the contributions because the
spouse was covered by a pension and the other was not. This member did not
accept the IRS claim since their tax preparation was done online using one of
the firms the IRS listed on its website. The member also looked up the rules
about IRAs and sent the IRS a copy of the page in question. Recently, the IRS
gave up and did not require more tax. The IRS is staffed with folks who may not
know all the rules—too many
to know. It also pays to mention that you used the software firm listed at http://apps.IRS.gov/app/freeFile/jsp/index.jsp?ck
and paid $10 for it.
Our taxes provide extra income to mega farms—Socialism for
the rich
In 2011, corporate farmers earned a record income of more
than $100 billion. With crop insurance and very high prices helping to
compensate for a smaller harvest, incomes should remain strong, says an Iowa
State University
CA establishes citizen health care co-ops to save premium;
expand benefits
“These CO-OPs are a help to California
The bill implements a provision of the Patient Protection
and Affordable Care Act.
The bill would also make co-ops in California
Under the health care law, those seeking to form a CO-OP may
apply for $3.8 billion in federal funds in the form of low interest loans. To
date, 19 non-profits, offering coverage in 18 states, have been awarded over $1
billion by the Department of Health and Human Services.
GOP-run states have declined to set up health
exchanges—citizens lose
Putting their citizens’ health farther in jeopardy, GOP-led
states do not see the advantages of raising health access and screenings for
those in need.
Is buying long-term care insurance when you are young right
for you?
The LTCi industry is pushing this product for the young at
work because sales have been slow for seniors. The sellers use arguments about
how people at any age may need care. They cite very inexpensive policies. They
drag out the best-case “examples” from insurers to show that someone actually
received $730,200 in benefits at age 28 or 44. There are few details but the
message is clear. http://www.lifehealthpro.com/2012/09/06/the-24-year-old-ltci-claimant?ref=hp
You can hit the LTCi benefit lottery by playing and you must
be in it to win. But this policy is a really poor choice for young adults with
few dollars to use for the rest of their lives. Yes, there are a few people who
benefit just like there are a few wealthy widows and widowers. However, this is
not the kind of long-odds bet you want to make at age 21. Buy LTCi at work ONLY
if you have maxed out your 401k and Roth IRA and have a golden comprehensive
health policy. You have a greater need for ready money later in life without
having to become disabled first. For example, $250 a month can be worth
$1million tax-FREE later. And you don’t need to get sick. http://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545
Book review: Bailout: An Inside Account of How
Washington Abandoned Main Street
A taxpayer’s look inside the way Washington
Despite Congress funding to modify struggling homeowners’
loans, servicing banks and holding companies pushed foreclosures because fees
are higher for them than for modifications. Treasury poured money into banks
without any accountability, thinking that banks would never do anything wrong. Banks
paid bonuses, fixed their balance sheets, bought other companies—spent all
$700B without improving lending.
Bank stockholders and executives that should have lost their jobs and their
investments due to their own failed policies were paid off. Treasury even
approved bonuses for the AIG execs who caused it.
Consider Angelo
R. Mozilo, the CEO of Countrywide, one of the biggest bad loan
originators. He never faced a trial
let alone jail time. He was named second "Worst American CEOs of All
Time". He received $57 million in 2005 at the height of the fraud.
Barofsky concludes,
“future massive crises—and bailouts—are … inevitable.”
SCAMS “Only
the little people pay taxes.” Leona Helmsley
Socialism for the rich
Crop insurance for agribusiness—drives up prices for land
too.
Oil and gas subsidies—drilling already paid for by
speculators.
Cotton subsidies—we have to pay off Brazil
Rice subsidies—mega farms collect most of it—two firms got
over half of total. http://farm.ewg.org/top_recips.php?fips=00000&progcode=rice®ionname=theUnitedStates
Who owns your account now?
American Financial Group's supplemental insurance business
to Cigna
IAN
41 Watchung Plaza, B242
973.746.2014
Alerts available at http://dankeppel.blogspot.com/
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