Your tax refund can be worth $400,000 in 25 years. Really?
The average tax refund is $3,022. Invest your refund in a
tax-FREE account for 25 years and you can retire. Invest for only 30 years and accumulate
$700,000. That is the power of compounding. http://www.amazon.com/Your-Wealth-ReserveTM-Tax-FREE-Investment/dp/1484954882/
Can we “work till we drop”?
In 1880, as many as 80 percent of men age 65 and older were
still working. But incomes rose in the 20th century, giving people the freedom
to retire earlier. By 1985, only 16 percent of men 65 and older were working. Ever
since, the pendulum has been swinging back. Congress outlawed mandatory
retirement in 1986 for most workers, and Social Security benefit
calculations were changed to make retirement and delayed retirement equally
beneficial. Many have had to start benefits at age 62 due to illness or
structural unemployment. A spouse may have to work longer to maintain current
spending levels. Retirement planning may help: http://www.amazon.com/Your-Retirement-Budget-Investments-Income/dp/1483946487
Will schools be teaching your kids how to handle money soon?
The feds have provided money lessons for each grade so your
child’s teacher can use them in classes on different subjects. The lessons are
relevant to the ages. EG: how much do you have to earn to buy a skateboard if
you have $88 already? How much inflation if gas prices rose 20cents? http://www.moneyasyoulearn.org/
Compliment site is http://www.moneyasyougrow.org/.
For your graduate, our Simple Financial Life has it all: http://www.amazon.com/Simple-Financial-Life-paycheck-paycheck/dp/1441499326
New cars initial quality survey led by American
manufacturers
Total Quality Index was calculated from 17,568 buyers who
purchased 2013 models during September to November 2012. The following list
contains the number one ranked vehicles in Total Quality in their segments as
rated by new vehicle buyers: http://www.strategicvision.com/press_release.php?pr=45
Is a ‘pension advance’ right for you?
“These pension advances appear to be nothing more than
payday loans in sheep’s clothing. ‘Pension advances' – which are financial
products that allow companies to harvest a retiree's pension payments in
exchange for a lump-sum payment that amounts to just pennies on the dollar. NY
regulators sent subpoenas to ten companies engaging in pension advances. “These
companies are literally harvesting the-hard earned pensions of seniors,
military veterans and other hard working New Yorkers,” said Governor Cuomo.
“Using deceptive practices to cheat people out of their pensions by enrolling
them in backdoor high-interest loans
will not be tolerated in our state. Anyone seeking to prey on New Yorkers
should know that we will use every tool at our disposal to aggressively pursue
and put stop this fraud.” http://www.governor.ny.gov/press/05132013Power-Proceeds-Allocation-Board-Recommends-6Million-WNY
FL protects all people FROM annuity salesmen
Florida’s House of Representatives passed legislation to
expand consumer protection laws regarding life insurance annuity sales to all
buyers, instead of those who are 65 and older. "Anything that helps remove
bad actors and protects consumers is a good thing," the sponsor says.
Which annuity may help you: http://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573/
Are your 401k dollars enough?
According to a Deloitte survey, 401(k) balances have reached
an all-time high and now average $85,000. "More still needs to be
done to help employees adequately prepare for their individual retirement
needs." If you convert it to income, it is pitifully low! On average
retired and pre-retired Americans report they've lost $117,000 in retirement
savings due to unanticipated events like medical emergency. $85,000 may grow to
$750,000 using a Tax-FREE investment account: http://www.amazon.com/The-New-American-Retirement-System/dp/1461030072
Deficit could be paid if IRS went after super-rich offshore
accounts
The rich are hiding $32 Trillions. If they paid their fair
share—just 30%—like us, we wouldn’t have a problem. They have their money in
legal loopholes created by our so-called ‘representatives’ in Washington .
There is more than enough to cover the deficit and the Social Security and
Medicare shortfalls. And while the Congress is at it, they can ask the
corporations to pay their fair share. HALF of our corporations pay NOTHING.
When these people get kidnapped from
their yachts, they don’t call the seal team from Lichtenstein or the
Caymans, do they?
Is a “deferred income annuity” right for you?
These contracts used to be called deferred annuities—but
they have been re-hyped by the marketing department. Sometimes referred to as a
longevity, deferred payout or advanced life-delayed annuity, the DIA pays
income to the policyholder starting at least 13 months from the policy date.
Whereas the immediate income annuity is appropriate only for those looking for
income starting immediately, the deferred income annuity would appeal to
someone in need of guaranteed income later.
For the majority of owners, the income is never used so
these contracts are passed to heirs who must pay tax on the earnings at their
(the heirs’) higher rate. Some contracts cost the owners 2-3% a year for
benefits they never use. Commissions can be as high as 8% of your deposit.
These are really expensive tax deferral mechanisms that are costly to cancel.
There are alternatives: http://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573/
SCAMS “Deficits
don’t matter” GOP grandfather, Dick Cheney, 2002
Executive Life gives up its money finally.
Some policyholders will not get the full amount of their
annuities. Benefit reductions will begin to occur soon. A court decided that liquidation
can begin, including activating the participating insurers in the state
guaranty funds, pledging more than $100 million to a special hardship fund, and
topping off state guaranty funds and covering “orphan contracts” in states
where ELNY was not licensed. The National Organization of Life & Health
Guaranty Funds (NOLGHA) said it is pleased with the decision that all
challenges to the liquidation restructuring plan have been removed, and is
looking at a third quarter unwinding of the estate. Some have waited over 20
years for their money back. http://www.lifehealthpro.com/pages/the-complete-elny-saga.php
IAN
41 Watchung Plaza, B242
Montclair, NJ 07042
973.746.2014
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