10 Reasons We Fail on Wall Street and how to fix it!
We earn 2.56% instead of 10-12% on investments
We end up with $170,128 in retirement, not $500,000
We pay more taxes than most wealthy people
We buy 'safe' investments and lose money
You could have earned 15.3% last year, tax-FREE. That’s the equivalent of 23.3% taxable. Tax-FREE accumulation provides an extra 25% to your investment total. You never pay taxes—no federal, state, capital gains or dividend taxes. You don’t have to fail anymore.
Is the Allstate 'reducing-deductible' policy for you?
You may have seen a TV message about a policy that reduces your deductible over time. So after four years of accident-free driving, you can end up with a zero deductible. However, you should know you pay more for that benefit. And remember, you must have a claim to “win” your “zero deductible.” Also, this does not guarantee your rates won’t go up too. Consider the policy with a higher deductible and a lower price for years. For instance, most insurers offer many discounts up front AND the benefit of a 25% premium discount at 10 years of safe driving. You can save a lot more than the $500 with discounts. You have to have an accident to save with Allstate. Learn all the ‘tricks of the trade’ of discounts: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Is a nonstandard car insurance policy for you?
This kind of coverage is for special circumstances like your little-driven ‘57 Chevy or really bad drivers. You pay less and you get less. It has limited coverage for repairs, drivers, liability in accidents, etc. Compare policy fine print before you smile at the low premium: http://money.msn.com/auto-insurance/7-gotchas-of-cheap-car-insurance
Allstate to partner with Wal-Mart stores in IL
Online car-insurance retailer Esurance (Allstate) is launching a pilot program to highlight coverage within 150 Illinois Wal-Mart stores via Kiosks. You buy coverage online or by phone, not in the store. Instead, compare prices for all the 16 discounts mentioned by our Insider to buy only what you need and save: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Are you paying too much for coverage?
Insure.com’s annual study of car insurance rates in each state shows who’s paying the biggest bills. Overall, when averages of all vehicles are considered. Louisiana and Michigan are the most expensive places to buy auto insurance. Maine residents enjoy the lowest average annual rates. National average - $1,510. Rates are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. The hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Actual rates will depend on individual driver factors. LA has many damage lawsuits. MI has a guarantee of unlimited, lifetime personal injury protection (PIP) benefits for treatment of injuries from a car accident. The difference between the most expensive and least is $2,200 a year. Shop and compare.
Will you outlive your money or your health?
One out of every four 65-year-olds today will live past age 90. Yet, for 87 percent of our country's middle-income Americans age 55 and older, the idea of one's own longevity is often not contemplated or discussed, according to a new study. There are two primary concerns of respondents: declining health associated with age, and the ability to create a sustainable retirement income that may need to last 20 years or more. Consider the options now while you can do something about it: http://www.amazon.com/Longevity-Insurance-right-better-alternatives/dp/1482031434
Study shows why many investors shun advisors
When asked why they chose to direct their own financial future, only 13% cited a bad experience with an advisor and only 12% said they couldn’t afford to pay an advisor. So why don’t people use advisors? The two leading reasons were “I am more comfortable handling my retirement plan on my own” (57%) and “I don’t need professional advice to plan my retirement” (38%); as the report notes, these responses are really two sides of the same coin. Members also know that they are more likely to stick to the plan they make themselves: http://www.amazon.com/The-New-American-Retirement-System/dp/1461030072
10 most overpaid jobs
According to this industry news service, your financial advisor is the most overpaid occupation. Product pushers and fast talking salespeople promise the world and have it delivered to themselves. Advisors are not needed anymore, investors agree.
Investors going direct and saving more
Lack of trust in traditional advisory firms at least partly explains the growth in the direct channel, according to a new study. Only 27% of respondents said they believed that financial firms were “looking out for their best interests,” and 36% said they did not believe that to be the case. “Direct providers were largely unscathed by the reputation issues facing their advisory counterparts during the market downturn,” said Mr. Smith, director. “There's only so many times a firm can pay a $100 million fine before people start questioning their integrity.”http://www.amazon.com/Your-Investment-Edge-Tax-FREE-Account/dp/1482695677
Which insurers offer annuities?
Almost every one offers some product. Here are the largest by face amount.
http://www.limra.com/Posts/PR/Data_Bank/_PDF/AnnuityCompanyRankings-Q4-2012.aspx Agents may be given extra incentives to sell annuities so you must shop for the best deal for YOU. Most annuities are expensive CDs so there are better alternatives to solve your needs. We help you decide:http://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573/
Is your pension underfunded? Is it because your company hides money overseas?
The difference between assets and expected liabilities of the 100 largest U.S. corporate pension plans ballooned to $388.8 billion last year. Nearly 80% of the private pension plans covered by the Pension Benefit Guaranty Corp. are underfunded. Public pension funds are underfunded by at least $1 trillion, according to a report by the State Budget Crisis Task Force. Only 18 defined benefit pension plans offered by the 500 largest companies are fully funded. Yet companies are stashing more cash abroad as stockpiles hit record $1.45T.U.S. firms keep 58% of their cash, or $840 billion, overseas. Companies are hording cash overseas to avoid paying taxes. And perhaps to avoid paying the pensions they promised.
Study finds Fewer Young Adults without Health Insurance
Uninsurance rates across America ’s young adults – one of chronically uninsured groups in the US – dropped without precedent from 33.9% to 27.9% in just one year. The findings as well as a background material on the recent trend can be found at http://www.healthinsurancequotes.me/young-adults-can-stay-on-parents-health-plans-but-should-they/ “Measured by the adoption rate across young Americans we could count ‘Obamacare’ among the most popular laws in the US History. But they should think twice if they should. It can really pay off for all involved to do the math before embarking on a new trend.” Use every discount available: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
SCAMS “Deficits don’t matter” GOP grandfather, Dick Cheney, 2002
“Entitlements”—our Social Security and Medicare money—did not produce the deficits. Two tax cuts for the rich and the Chaney/Bush wars cost $3.7 Trillion and counting.
Insurers still holding life benefits are forced to find beneficiaries
Vermont House has passed a bill requiring life insurance companies to make a good faith effort to locate beneficiaries after a policy holder dies. House Speaker Shap Smith says that in too many cases, insurance companies make little or no effort to track down survivors and thereby avoid paying on a policy. Wow. What is the purpose of life insurance if not to help survivors?
The bill awaits Senate action. It would require life insurance companies to maintain and monitor a "Death Master File," a program that matches a person on the file and the social security number, name, or date of birth of an insured annuity owner.
We still have not cleared the mortgage mess
The same structure that led to the Great Recession is still in place. Taxpayers are still paying the $137 BILLION in losses and the legal bills and retirement packets of those that stood by and watched it happen. Taxpayers spent $11 million last year on medical costs for 1,392 Fannie and Freddie retirees. And from September 2008 through 2012, taxpayers also spent $114 million for legal bills racked up by former executives and directors testifying in lawsuits relating to the accounting scandals or financial crisis inquiries. Executives claim we must by their old contracts but most businesses being bailed out cancel their old contracts, as any union person can testify.
Who owns your account now?
Universal Health Care, St. Pete, FL insolvent.
IAN
41 Watchung Plaza, B242
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