How much of your retirement money is going to the middleman?
A recent AARP study reported that 70 percent of mutual fund investors were not even aware that they were paying any fees at all. If you are paying more than 0.1% in costs, you could be giving up 50% of your total nest egg by age 66. http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/
Use Warren Buffett’s Secret to cut your advisor out of the loop and gain 50% more!
Warren Buffett’s Investment Secret
+Contribute $9 a day, $250 a month.
+ Accumulate $55,000, $200,000, $1,000,000 over time.
+Use a special IRS account for Tax-FREE income.
+Use only low-cost high-return mutual funds.
+Set it and Forget it.
Warren Buffett's Investing Secret is compounding high earnings over time. Set up this account in 1 hour. Make contributions automatic so you can’t fail.
Tax-FREE income in retirement gives you an extra 30% to spend.
You heard that the wealthy pay less than 15% of their income. See how they avoid taxes:
http://www.assetlawyer.com/ Is that fair? Are you paying federal and state and Social Security and Medicare and unemployment and disability for over 30% total? Will taxes go up to pay for two wars, two tax cuts and two bank bailouts?
Start your tax-FREE retirement account now. “Set it and Forget it.” http://www.barnesandnoble.com/w/tax-free-retirement-law-steeple/1113460121
How does your bank rate in customer service?
JDPower asks people how they like their bank. Compare your bank to the best:
AR health care plan by GOP solves divided America problem
Rejecting the Medicaid expansion in the federal health care law could have unexpected consequences for states where Republican lawmakers remain steadfastly opposed to what they scorn as "Obamacare." It could mean exposing businesses to Internal Revenue Service penalties and leaving low-income citizens unable to afford coverage even as legal immigrants get financial aid for their premiums. For the poorest people, it could virtually guarantee they remain uninsured and dependent on the emergency room at local hospitals that already face federal cutbacks. Blue states will provide care for poor. The Republican-controlled Legislature endorsed a plan by Democratic Gov. Mike Beebe to accept additional Medicaid money under the federal law, but use the new dollars to buy private insurance for eligible residents. One of the main arguments for the private option was that it would help businesses avoid tax penalties. All Americans can be covered.
Perhaps this is the compromise GOP states need to bring care to uninsured.
Shopping for auto insurance every other year?
Michael went shopping because AARP magazine offered a $20 gas card. He found an extra $511 for his vacation by asking for a free quote. He called Travelers and found he could pay less than he was paying. And he got a $20 gas card just for asking. He spent 15 minutes for that $511 and a week’s gas. Over ten years, he will earn $5110. He is putting his savings in an account for vacations so he is ready in August. Michael said he used our Guide to decide on what he needed—no extras. He declined health insurance since he has his own. See if you save: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Erie Insurance received top honors on the J.D. Power and Associates' 2013 Insurance Shopping Study, which evaluates the experience of customers buying a new car insurance policy. USAA for service people was also tops but you need to have military service. http://www.jdpower.com/consumer-ratings/insurance/ratings/909201527/2013-Insurance+Shopping+Study/index.htm
ObamaCare simplifies health insurance form
Regulators have simplified forms to apply for insurance under the president's new health care law. You won't have to lay bare your medical history but you will have to detail your finances. An earlier version of the forms had provoked widespread griping that they were as bad as tax forms and might overwhelm uninsured people, causing them to give up in frustration. You can also have someone else fill them in. Most people will use the online version for ease. You must qualify financially to obtain the subsidy that allows most uninsureds to get care. The applications will start becoming familiar to us on Oct. 1, when new insurance markets open for enrollment in every state. They are not for people already signed up in their employer's plan, only the uninsured. healthcare.gov/ READ:
OH will help uninsured sign up with trained enrollers, “health navigators”
Ohio Gov. John Kasich has signed a bill requiring training and certification for a new group of professionals who will guide consumers through new insurance markets. http://www.familiesusa.org/resources/tools-for-advocates/preparing-navigators-tool-kit/
ObamaCare helps small business pay for coverage for workers too
Obtaining comprehensive, high quality homeowners, wind and flood coverage for coastal properties has troubled those on the Alabama shoreline for some time. Frontline Homeowners Insurance, a coastal-focused insurer, is now introducing coverage to Alabama residents. The Frontline Homeowners Insurance website (http://www.flhi.com) features a wealth of tips for homeowners to reduce the potential of claims on topics ranging from home safety precautions to preventing water damage.
When should you start collecting Social Security benefits?
You can ask all your questions before age 62. http://www.socialsecurity.gov/estimator/
Make an appointment at your local office. It is FREE. You can determine, “What will you get” “When should you start collecting” and “How do you know if you are getting as much as possible.” Can your spouse collect even if they are still working and you aren’t? Find your office: https://secure.ssa.gov/apps6z/FOLO/Controller
Why do we do these things to ourselves?
5 year old shoots 2 year old with loaded rifle he was given as “gift” in KY. The rifle is a Crickett “designed for children” and sold under the slogan “My First Rifle,” according to the company's website. It is a smaller weapon designed for children and comes with a shoulder stock in “child-like colors” including pink and swirls. What a waste!
Were your 401k plan-matching-funds eliminated?
The number of firms offering workers a matching contribution in their corporate 401(k) retirement plans fell by about 5% in 2010 and another 2% in 2011, according to a survey released by American Investment Planners LLC. About 42% of the nation’s companies that offer a 401(k) plan also matched a portion of their employees’ contributions in 2011, the survey found. About 6% of the corporate retirement savings plans that existed in 2009 were terminated in 2010 or 2011, according to the survey.
Start your own tax-FREE retirement fund. Unlike a 401k, you pay no taxes on the growth AND withdrawals—that gives you an extra 30% later. Earn 10-12% on your contributions now. http://www.amazon.com/The-New-American-Retirement-System/dp/1461030072
SCAMS “Deficits don’t matter” GOP grandfather, Dick Cheney, 2002
Congress doesn’t really want to cut deficit—just our Social Security and Medicare
Lawmakers from both parties have devoted nearly half a billion dollars in taxpayer money to build more Abrams tanks. But the Army doesn’t want them.
Yet in the case of the Abrams tank, there's a bipartisan push to spend an extra $436 million on a weapon the experts explicitly say is not needed.
Deficit pays big agriculture corporations for “projected revenue”
The worst drought in 50 years led to record payouts from a taxpayer-subsidized insurance program created to protect farms from weather-related disasters. But the high costs were mostly a result of policies that guarantee farmers a portion of their projected revenue, rather than coverage that pays them for theirdamaged crops, according to a study released Wednesday. Taxpayers pay about 62 percent of the insurance premiums. The policies are sold by 15 private insurance companies, which receive about $1.3 billion annually in total from the government. The government also backs the companies against losses.
Sounds like “Welfare for the rich.”
And the wealthy want their planes to be on time! Notice how quickly they found money for FAA controllers but not your cancer clinics.
Cancer clinics have been forced to delay chemotherapy treatment for their patients. Some clinics may actually have to close their doors altogether if the sequester cuts are not reversed. As several cancer doctors told the Hill, they suspect they may not have been at the top at Congress’ list because reduced access to chemotherapy doesn’t personally inconvenience lawmakers in the same way that airport delays do.
Bank failure is still possible--we have no protection
“Too-big-to-fail” legislation unveiled yesterday in Washington is needed to rein in the biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers against future bailouts, the bill’s sponsors said. The four largest banks -- JPMorgan Chase & Co. (JPM), Bank of America Corp., Citigroup Inc. and Wells Fargo & Co -- “are nearly $2 trillion larger than they were” before getting U.S. aid to help them weather the 2008 credit crisis, Senator Sherrod Brown said in a news conference. “If big banks want to continue risky practices, they should do so with their own assets,” said Brown, an Ohio Democrat. “Our bill will ensure a level playing field for all financial institutions by ending the subsidy for Wall Street megabanks and requiring banks to have adequate capital.”
Regulators ignore risks and OK hedge fund ads
U.S. Securities and Exchange Commission chairman Mary Jo White is pushing to adopt a rule allowing hedge funds to advertise in a move consumer advocates say could fail to protect unsophisticated investors,
Supremes should have let recount continue, as per Constitution
Retired Supreme Court Justice Sandra Day O'Connor, whose decision to vote with the majority in the 5-4 Bush v. Gore decision ended the 2000 presidential election recount, said Friday she's not sure the court should have heard the case. The ruling overturned a previous decision by the Florida Supreme Court that ordered a recount of state ballots. Constitution says disputes go to Congress to be resolved. Supremes violated Art. II and 12th Amendment: http://www.archives.gov/federal-register/electoral-college/provisions.html
Gov says tax evaders still playing deception game
One of the GAO report’s findings is that many taxpayers, in an effort to avoid onerous penalties and back taxes, are not joining the IRS’ offshore voluntary disclosure programs, instead filing amended returns or simply disclosing offshore accounts in current returns, without acknowledging past years’ nondisclosure. The report shows offshore noncompliance may total “several tens of billions of dollars.”
Who owns your account now?
Genworth to drop AARP LTC product line
AARP has been working with Genworth to develop a new long-term care program.
Although the Genworth suspension of AARP-branded LTCI sales ends the exclusive branding arrangement Genworth has had with AARP, AARP is not actively seeking another LTCI provider, but would be open to talking to other insurers, AARP said.
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