Will you get the same tax breaks as GE, Intel, Boeing,
Merck, etc etc etc?
U.S. Treasury Secretary Jacob J. Lew called a potential
agreement to revive and extend lapsed tax breaks “fiscally irresponsible,”
casting uncertainty over year-end negotiations in Congress. Lawmakers are
discussing a package that could increase
the U.S.
You can eliminate your taxes on future income too: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236
The BIG Wall Street Lie
We pay approximately $600
billion in fees each year to active
fund managers who claim the ability to "beat the markets." To put
that number into perspective, it's a little less than the gross domestic
product of Switzerland .
The "best of the best" fund managers are supposedly those
who run hedge funds. In the aggregate, these funds have underperformed
the Standard & Poor's 500 index by 97 percentage points since the end of
2008. Yet, we continue to pay high fees of 1-3%--Such madness!
The future is not bright for active managers, even with more degrees and faster computers,
because it is mathematically impossible for all of them to be above average.
Avoid the fees; go with Vanguard’s Top Ten: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Cost is everything
You can buy the Vanguard
Total Stock Market Index Fund ETF for no cost beyond annual expenses of
0.05 percent of your assets in the fund. At Schwab, you can buy the Schwab U.S.
Broad Market ETF for an annual expense of 0.04 percent. That 0.01 percentage
point difference is negligible.
But, compare that low-cost index fund with an actively
managed fund carrying 1.3 percent in expenses, like many 401k funds. Invest
$50,000 at the long-term stock market average return of 10 percent and you'll
end up with $859,477 after 30 years
of having that 0.05 percent deducted annually. Pay 1.3 percent a year in
expenses instead (not unusual for a high-profile actively managed mutual fund)
and you'll end up with $589,203.
Low-cost beat high-cost funds in unbiased Morningstar study:
http://www.amazon.com/The-Best-Predictor-Investment-Success/dp/1502524082
GOP crazies are costing US
real money!
John Boehner announced his plan to sue the president back in
June. A month later, the Speaker’s office formally unveiled the legislation to
authorize the litigation. A month after that, House Republicans agreed to pay a
D.C. law firm $500 an hour, in taxpayer
money, to handle the case. Republicans hired a law firm to oversee the
litigation, but the firm changed its mind in September and dropped the case.
GOP leaders then hired a second firm, only to learn a month later that it dropped
the case, too. This week, Republicans hired a
new lawyer, George Washington
University
To get into court, the House would have to prove that it was
damaged by the way the administration carried out the ACA, and courts have
consistently rejected that idea. Constitution
gives the Congress ultimate legal authority, not the courts. This makes America
a democracy not a 3rd world country ruled by Junta—bunch of old
white guys.
AIG launches annuity for 401k accounts despite lack of
answers
The first deferred-income annuity that meets the Treasury's
guidelines for a qualified-longevity-annuity contract is out, and broker-dealer
execs have plenty of questions.
AIG launched the so-called QLAC version of its American
Pathway deferred-income annuity at the start of November, a response to
the the guidance released in July
by the Treasury Department that made it easier to use qualified
plan dollars to buy a DIA. The 401k money that goes into the QLAC isn't subject to
required minimum distribution rules that would require them to take money from
their qualified retirement plans at age 70½. 401k
participants up to 83 can buy the contract and defer receipt of their
income for anywhere between 12 months to 40 years. Should the participant die
before the stream of income begins, the QLAC has an optional return-of-premium
death benefit for an extra fee. They can choose not to make a death benefit
payable if they use the lifetime-income-only annuity payment option. In
that case the annuity value is zero for heirs. Costs have not been disclosed
yet but annuities are expensive products that have simpler/cheaper
alternatives:
Rockefellers moving—rent
too high at Rocky Plaza
Descendants of John D. Rockefeller Jr. will vacate office
space at 30 Rockefeller Plaza that the family has occupied for more than 80
years. The Rockefeller family will leave Room 5600, the full-floor space on the
tower’s 56th Floor. The Rockefellers have been occupants of Room 5600 since
1933, spokesman said. “They got a good, reasonable deal,” Seitel said.
Buy only what you need: http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X
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 their own defenses.
The War on Terror requires SEALS’ attacks on top terrorists
at their homes. Iraq
proved converting a nation to Western-style republic doesn’t work.
Keeping 10,000 in Afghanistan for what?
The United States
is preparing to increase the number of
troops it keeps in Afghanistan in
2015 to fill a gap left in the NATO mission by other contributing nations,
according to three sources with direct knowledge of the situation.
GM chose profits over our lives
General Motors pressured a supplier to continue
producing a substandard ignition switch
a decade ago, a newly disclosed email shows. The switch is linked to at least
33 deaths and dozens of injuries. In the email, part of internal Delphi
correspondence in 2005, a Delphi official said the company was pressured by
G.M. to make the faulty switch work even though it did not meet G.M.’s own
standard and continued to fail in testing. GM has said that in 2005, company
engineers proposed solutions to the switch problem, but the automaker concluded
that none represented "an acceptable business case."
The part would have cost
$0.57 but the dealer labor would be about $100 million, according to Barra.
"I think we in the past had more of
a cost culture," she said.
GM has repaired about 1.3 million vehicles (out of 2.6
million) in the recall.
Kim Atkins, a 24-year-old media specialist in Austin ,
Texas
Job opportunity scams
IAN
41 Watchung Plaza, B242
973.746.2014
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