Tax refund for your savings—IRS pays you to save!
You may be able to take a tax credit for making eligible contributions to your IRA or employer-sponsored retirement plan. The amount of the credit is 50%, 20% or 10% of your retirement plan or IRA contributions up to $2,000 ($4,000 if married filing jointly), depending on your adjusted gross income. See the instructions for Form 8880.
NFL pays no tax but has income—is it fair to you?
Here is another lobbyist’s dream. A business that has income but pays no taxes and yet has spent more than $5 million on federal lobbying since Jan. 1, 2010 , federal records show. Its CEO gets $30 million a year!!. Create a tax-FREE income for yourself: http://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441
First time in history, workers are the majority on food stamps—poverty wages
In a first, working-age people now make up the majority in U.S. households that rely on food stamps — a switch from a few years ago, when children and the elderly were the main recipients. Some of the change is due to demographics, such as the trend toward having fewer children. But a slow economic recovery with high unemployment, stagnant wages and an increasing gulf between low-wage and high-skill jobs also plays a big role. It suggests that government spending on the $80 billion-a-year food stamp program — twice what it cost five years ago — may not subside significantly anytime soon.
Congress cuts food stamps; keeps subsidies to rich donors and own members
The farm subsidies bill passed. It would cut food stamps by around $800 million a year and continue generous farm subsidies to Congressmen, crop insurers and Agribusiness firms. Half of Congress are millionaires already. House members happy to cut food for poor and help their donors and large corporations keep profits high. Insurers put an end to any limit on the crop insurance premium subsidy. Farm corps guaranteed a profit even if they fail. Read it with shock and awe: http://ccagw.org/media/press-releases/ccagw-farm-bill-it%E2%80%99s-dung-deal Socialism for rich!
Collect up to $6,000 even if you owe NOTHING in federal income tax
Did you work and earn less than $51,567 last year? You could receive EITC as a tax refund if you qualify. Families with qualifying children may be eligible for up to $6,044. Use the EITC Assistant tool on IRS.gov to find out if you qualify. If you do, file a tax return and claim it. If you don’t qualify, earn tax-FREE gains on your retirement nest egg: http://www.amazon.com/Tune-your-401k-EARN-Tax-FREE/dp/1490591028/
How much does your advisor/wealth manager earn?
See if you are getting your money’s worth by comparing average income—commissions, bonus, salary, perks, etc. http://data.investmentnews.com/comp-staff/
You can probably do better on your own since your net is after their expenses. John Bogle has estimated that your nest egg could be reduced by 63% with all the costs taken out of your money over time. If you know what your goals are, you can reach them without Wall Street: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137
Three-quarters of Americans nearing retirement have less than $27,000 in their retirement accounts and one-third do not have any sort of retirement account at all.
Obama starts new savings plan for workers
In 1/28 speech, he asked “Treasury to create a new way for working Americans to start their own retirement savings: MyRA . It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in.” Savings bonds will be purchased through payroll deduction and considered like an IRA but at low cost. Once a MyRA account hits $15,000 — or after 30 years — it has to be rolled over into a private sector Roth IRA. Unfortunately, savings bonds earn 1.38%—stocks are better long-term investments. You can have tax-FREE retirement income with the low-cost Roth IRA NOW:http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976/
How much are the gamblers at your bank paid?
The head of the NYS pension is petitioning the largest banks to ID their gamblers. How much do these people at the banks who could sink the banking system again make on commission for betting with our savings? Stockholders need to know. Banks object. The regulator SEC must decide if stockholders can ask for this info. “I think generally Wells [Fargo] and other financial institutions still need a change in the mind-set and change in the culture,” according to the pension comptroller. http://www.nytimes.com/2014/01/26/business/asking-banks-to-reveal-where-their-high-rollers-are.html?ref=fairgame&_r=0
Queen put on a budget—can’t make it on $51 mil a year—pays only min wage
The queen receives 31 million pounds ($51 million) a year from taxpayers. Commoners ask her to sell more tickets to the Palace to pay her fair share. But she is hiring. Needs someone to run the royal baths, dress her and arrange her tea. The successful applicant $27,490 a year post will also be responsible for "high quality cleaning, presentation and guest care" at Queen Elizabeth II's official London residence.
Commoners don’t understand why she can’t bath and dress herself if she can’t make it on $51 million.
What are your investment options when you leave employers?
What can you do with your 401k or other retirement money when you leave your employer? Consider all the options: big tax bill or free transfer or big fees for lucky advisor? You need to know the facts first.
Homeowners overcharged again
Louisiana Citizens Property Insurance may have to return $16 million to homeowner customers who, for years, were charged a $65 application fee without their knowledge.
Shop for insurance every two years. Rates and insurer marketing change.http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870/
GOP 2016 health plan would return to previous “bogus” health plans
Repeal of mandate means only wealthy can afford real comprehensive coverage. You could buy cheap insurance again but coverage not complete—no coverage for screening tests, wellness checkups, etc. Existing condition plans would allow insurer to charge whatever the market would bear. States would have the option NOT to cover some people.
Obama supports voting in ½ hour not 7 hours
Obama said his “bipartisan committee offered reforms so that no one has to wait more than a half hour to vote. Let’s support these efforts. It should be the power of our vote, not the size of our bank account, that drives our democracy.” GOP-run states have reduced our chance to vote. They use a number of methods to keep Dems from the polls. In OH and FL lines were very long—10 hours for some. Why would GOP do this except to limit Dems voting. Only 26 voter fraud cases in US in years.
SCAMS Why are we still paying $700 Billion a year for WWII deployments?
We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany . Are we preparing for WWII again? There are 1,208,083[1] personnel in the United States . Our taxes pay for about HALF of the WORLD’s military expenditures every year.
Your public employee pension may be less than promised
Moody’s bond analysts rank New Jersey’s seven public employee retirement plans as having the fourth highestunfunded liability total in America (behind Illinois, Connecticut and Kentucky. A state Treasury Department report (June 30, 2012) said the state’s pension plans covering 780,000 employees and retirees were pledged to pay out, over the long term, $41.7 billion in pension checks which the state lacks revenue to cover.
By the state’s own calculations, the pension plans are only 67.5 percent funded for the long term. The ideal level of funding, many pension actuaries say, is around 80 percent.
Christie claims he fixed the fund without taxes but Detroit said that too years ago.
20 kids EACH day are hospitalized for gun injuries—Wild West is back!
A study by Yale School of Medicine researchers shows that there are about 20 children hospitalized for gun injuries every day.
Who owns your account now?
Wells Fargo agreed to sell more than 40 percent of its insurance brokerage locations to focus its bricks-and-mortar operations on higher-growth regions and bigger clients. The closings include six locations in West Virginia and offices in Dayton , Ohio Boise , Idaho Anchorage , Alaska San Francisco , Dallas , Minneapolis and Charlotte , North Carolina
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