New corporate tax evasion trick: ‘Outversions’
Corporations re-title their real assets into a real-estate
investment trust, or REIT. The move will allow corps with large real estate
holdings (WalMart, McD) to cut down their debt load and save millions every year in taxes. One telecom company said it has
the blessing in the form of a 'favorable private letter ruling' from the
Internal Revenue Service. As former McDonald's executive Ray Kroc's used to say, the chain wasn't in
the hamburger business, but the real-estate business. Too bad we can’t do it.
Don’t get stuck paying all their taxes yourself: Use the IRS-own
Roth IRA §408 trust.
Are ‘L-shares’ right for you?
Broker regulator, SEC, plans to examine broker sales of expensive mutual funds. One issue was the
pricey share classes of mutual funds and variable annuities. Goodman cited
"an explosion" of so-called "L-shares," a type of mutual
fund shares held in variable annuities that have short surrender periods, but higher upfront costs. "We
want to make sure these share classes aren't being chosen or marketed based on
the higher commissions they generate," Goodman said. Brokers/advisors live
on the fees, right?
Avoid fees; earn more; use low-cost investments instead: http://www.amazon.com/Pay-less-Get-more-investment/dp/1500598321
Only
2 out of 2,862 broad domestic stock funds were able to outperform their
peers consistently over five years, according to an S.& P. Dow Jones
Indices study. This means that your advisor’s past returns will not continue.
Even their supercomputers will have trouble predicting the future winners.
Another study by Morningstar shows that cost is best predictor of your success.
Switch to low cost: http://www.amazon.com/Pay-less-Get-more-investment/dp/1500598321
Is a stock index fund right for you?
Dalbar reports that over the 30 years ended 2013 — a period
encompassing the crash of 1987, 2007 recession, and subsequent market booms —
equity fund investors earned an average annual return of 3.69%
compared with the S&P 500 index 11.11%
return. Perhaps earning the AVERAGE (11%) is not as bad as advisors (3.69%) say.
Warren Buffett recommends using a 500 index fund for his
family legacy NOT broker: http://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
GOP crazies have their own channel now—straight from the
horse’s mouth
Former Republican vice presidential candidate Sarah Palin
has started her own subscription ($100) online network. The Sarah Palin Channel bills itself as a
"direct connection" between the former Alaska
governor and her supporters, with "no need to please the powers-that-be,"
Palin says in a video mission statement on her channel's home page. McCarthy had his radio show too.
GOP votes to sue for something GOP wanted—delay ObamaCare
A day before going on vacation and heading into the election
season, Republicans in the House of Representatives passed a resolution Wednesday authorizing Speaker John Boehner
(R-Ohio) to sue President Barack
Obama for what they say has been inadequate
enforcement of the health care law they oppose.
The suit would seek to make Obama strictly enforce the
Affordable Care Act that Boehner has held some 50 votes to undermine or repeal.
Republicans object that the Obama administration has delayed some parts of the
law, particularly the mandate on employers who do not provide health care
coverage.
WHAT? They object to his delay that they wanted in the first
place? CRAZY
This is like the McCarthy period—everyone
went crazy with fear tactics.
GOP to repeal tax on estates—Making the very wealthy’s kids
feel good
If you leave over $5,340,000 per spouse because of bad
planning, you pay.
Republicans are considering repeal of the estate tax, said
House Ways and Means Chairman Dave Camp. GOP tried to repeal ObamaCare over 40
times too. The IRS collected $13.1 billion in estate taxes in fiscal year
2013—2 weeks of interest to China .
CA NEW annuity disclosure: Avoid cancellation charges to 12
years
ObamaCare refund checks on the way
Insurers will refund about $330 million in premiums to 6.8
million consumers across the country in the coming weeks as a result of the
Affordable Care Act. Despite GOP
judges voting to recall subsidies and DEM judges affirming them, Supremes
won’t decide for some time. Supremes previous OK included language that affirms
federal exchanges. Consumers have saved a total of $9 billion on their health
insurance premiums since 2011 because of the Affordable Care Act, according to
HHS.
WellPoint Inc. raised its full-year profit forecast with
more customers getting insurance through Obamacare. Revenue rose to $18.5
billion as it added 1.6 million new members this quarter compared to a year
before. Hospitals
are making profits too.
Consider Vanguard Health Index—17% a year since 1984—for
wealth: http://www.amazon.com/Financial-Future-Insurance-mutual-funds/dp/149355204X
Our household assets are dropping—middle class is going
quickly
The inflation-adjusted net worth for the typical household
was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent
decline, according to a study financed by the Russell Sage Foundation.
Those are the figures for a household at the median point in the wealth
distribution — the level at which there are an equal number of households whose
worth is higher and lower. The net worth of wealthy households increased
substantially. Another study found that 35% of people with credit records
had been reported to collections for debt
that averaged $5,178, based on 2013 records. Just 2.44% of card accounts
are overdue by 30 days or more, versus the 15-year average of 3.82%. Most of the
loss was in the value of our homes—our largest asset.
As home values go up, will
we borrow on this increase or create a Tax-FREE income source? http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
Can you afford continuing care?
Costs and benefits require research because there is no
standard price list. Compare what you need to what you get beyond the
lobby. Walk the halls without the tour guide. Read the family reviews. Get the
state inspection reports and see Medicare.gov “Nursing Home
Compare”. Plan how to pay for it: http://www.amazon.com/Long-term-Care-Insurance-Updated-Edition/dp/148274001X
Your legacy is safe only in these states
Check your wealth transfer plan: http://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016
The UK government has announced that driverless
cars will be allowed on public roads next January. Lawsuits to follow, I bet.
5 minute run is all
you need!
The runners had a 30
percent lower risk of dying than non-runners, faced a 45 percent lower risk of
death from heart disease or stroke, and lived an average of three years longer
than non-runners. And people who maintained their running habits over time had
an even lower risk of death. Surprise! People who ran at the slowest speeds for
the shortest times appeared to benefit just much as people who ran faster and
for longer.
67% of us waste
about $468 a year on gym membership. Cancel and save.
CA wants to test
doctors for drug use
A record high 46 doctors were disciplined for substance
abuse last year according to the California Medical Board. "The California
Medical Board only catches and disciplines a fraction of the drunk and drugged
doctors practicing on patients today. Even when doctors are disciplined,
patients remain in harm's way while enforcement actions take years to complete.
This November, California voters
have the chance to upend the status quo and save lives with Proposition 46,
which would require random drug testing
to catch substance-abusing doctors before patients are harmed," said
Carmen Balber of Consumer
Watchdog Campaign. Many dollars are lined up against Prop 46.
Before use, check your doc: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
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 Germany
Are we preparing for WWII again? There are 1,208,083[1] armed
personnel in the United States .
Our taxes pay for about HALF of the WORLD’s military expenditures
every year. We have wasted $398.6 billion
so far on the F-35 program—they can’t
fly safely.
We just can’t afford to pay for everyone else’s defenses
anymore.
Japan, Germany and S.
Korea can pay for its own defense.
The Pentagon's
26,000 Tax Deadbeats Pose a Security Risk, GAO Says
Tax dodgers with top-secret
secrets can be bribed.
All talk and no substance!
More than 20% of us spend more on our phones than
our groceries!
CIA
hacks Senate computers—sells its own secrets to itself—Wasted taxes
An internal investigation by the Central Intelligence Agency
has found that its officers improperly penetrated a computer network used by
the Senate Intelligence Committee in preparing its report on the C.I.A.'s
detention and interrogation program.
IAN
41 Watchung Plaza, B242
973.746.2014
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