Pay No Taxes in Retirement: Learn how to avoid taxes legally like
corporations do
·
Two thirds of all corporations
pay NO tax.
·
The wealthy pay as little tax as 13% of their
incomes.
·
Create a tax-FREE income fund for the rest of
your life.
·
Accumulate $1,000,000 with NO taxes—EVER.
Another way WE pay for the lifestyles of the “rich
and famous”
Wealthy collectors have long saved millions of dollars in
federal taxes by donating art and money to museums and foundations. But what
distinguishes tycoon Brant’s “museum” and a growing number of private
tax-exempt exhibition spaces like it is that their founders can deduct the full market value of any
art, cash and stocks they donate, even when the museums are just a quick stroll from their own living rooms.
When they pay less tax, build their own private “museum,” WE pay more tax. And WE
can’t even see the art—it is by invitation only.
It’s time we used the same IRS code they do: http://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441
Your Vanguard Top Ten returns
11.8% long term
Some of our members are
“rebalancing” by adding money to the funds that are down—Energy and
International Growth. Buying energy stocks when they are “on Sale
Total Return Fund Long-term Return* Longevity
13.5% 500
Index 11.1%* since 1976
-14.3% Energy
11.5% since 1984
7.4% Extended Market Idx 11.1% since
1987
28.5% Health
17.4% since 1984
-5.6% International
Growth 10.6% since 1981
18.7% PRIMECAP
13.9%
since 1984
7.5% Small Cap Index 9.3% since
1960
8.1% Wellesley
Income 10.1% since 1970
11.8% Windsor
11.6% since 1958
11.2% Windsor
8.7% Average 11.8%
*Average Annual Returns as of 12/31/14 .
Which mutual funds are popular with your advisor?
Salespeople steer
your money to those that pay the highest commission again this year. Even
though most managers did NOT beat the index funds, advisors did NOT do what was
best for YOU. The proof has already
been known since the unbiased rating firm Morningstar
did its study of which funds have the highest returns. Morningstar
found that “Over every period and in every category, the average low-cost fund
ranked better than the average high-cost fund.”
Where would you get $1,000 for an emergency?
Only 38% of Americans have enough money in their savings
accounts to pay for unexpected expenses such as a $1,000 emergency room
visit or a $500 car repair, according to Bankrate.
Others would raise the money by reducing spending elsewhere (26%), borrowing
from family/friends (16%) or using credit cards (12%). The ability to use
savings for unexpected expenses increases with age, income and education level.
My bank pays 0.01%. A 5-year CD pays 2.25% by mail. My local credit union pays 0.7%.
Vanguard’s bond fund pays 6.23%. In retirement, this question is very
important.
What does that medical procedure cost?
FAIR Health (fairhealthconsumer.org) provides free tools to estimate
medical and dental costs in your area and help you determine what your
insurance will cover if you go out of network. You also can get free cost
benchmarks by using Healthcare Bluebook (healthcarebluebook.com).
Make smart choices in coverage: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
GOP crazies
Our “Reps” have started dismantling
the laws that prevent another bank bailout. The House passed a bill would
let large banks hold on to certain risky securities until 2019, two years
longer than currently allowed. It would also prevent the Securities and
Exchange Commission from regulating private equity firms that conduct
some securities transactions. And, finally, the bill would make derivatives
trading less transparent, allowing
unseen risks to build up in the system. These activities took us to the
brink of system failure in 2008. Bankers want their bank bonuses back. The
bankers who pay for our Reps’ perks have told them to eliminate the laws that protect us.
The House also approved a rule that would cut the Social
Security Disability Fund. Partisans said they would approve a reallocation if
they can cut other SS benefits or increase
taxes.
Check your Social Security account for cuts! https://secure.ssa.gov/RIL/SiView.do
Get Tax Refund in two weeks! File taxes for free using easy
online efile screens
IRS announced that taxpayers can begin preparing their
returns using the Free File system on Friday, Jan. 16. Available only at
IRS.gov, Free File offers two filing options:
• Brand-name software, offered by IRS’ commercial
partners to about 100 million individuals and families with incomes of $60,000
or less; or
• Online fillable forms, the electronic version of IRS
paper forms available to taxpayers at all income levels and especially useful
to people comfortable with filling out their own returns. E-file, when combined
with direct deposit, is the fastest way
to get a refund. It costs nothing for those who choose Free File.
Your refund can make you a millionaire: http://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
Is America
being split into Two Americas?
Americans
in poverty doubled in 15 years. Wages have not increased as the goods
produced by each worker has doubled. From 1973
to 2011, worker productivity grew 80 percent, while median hourly
compensation, after inflation, grew by just one-eighth that amount, according
to the Economic Policy Institute. Child
poverty was up in more than half of developed world since 2008. Norway
has the lowest child poverty rate, at 5.3% (down from 9.6% in 2008), and Greece
has the highest, at 40.5% (up from 23% in 2008). Latvia
and Spain also
have child poverty rates above 36%. In the US ,
the rate is 32%.
The share of wages going to the top 1 percent climbed to
12.9 percent in 2010, from 7.3 percent in 1979.
“What we have here is a failure {of the American dream}.”
The top 1% grows farther away from us. See graph of US incomes: http://tcftakingnote.typepad.com/.a/6a00e54ffb969888330168eb707466970c-pi
Car insurance by the mile?
Progressive will partner with OnStar to offer usage-based
discounts to customers beginning this summer. At the end of a 90-day evaluation
period, OnStar subscribers will have an opportunity to enroll in a driving
assessment program. Some subscribers then will have an opportunity to
share driving data and evaluation information with Progressive through its
Snapshot program and potentially receive discounted insurance offers. Information
sharing will be entirely voluntary basis, the companies said.
Drop the cover you don’t need and save: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Allianz to start paying death claims
Allianz Life will pay a $4.7 million fine and start paying
death claims to people who may not know they are beneficiaries using the Social
Security Death File in handling death claims. Allianz agreed to check the death
file to ensure death claims are paid. In the past, they held death benefits for
their own use. Many people don’t need it anymore.
Do you still need life insurance? http://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178
PA lawyers who are state or federally licensed financial
advisors or insurance agents will be barred from recommending or making an
investments for clients if they or their family members have financial stakes
in the transactions. No other state bans this conflict of interest. US
regulators (SEC) and most states follow the ABA ’s
Model Code of Professional Conduct which allows
attorneys to profit from financial advice if the conflict of interest is
disclosed.
“How can I give independent objective advice if I stand to
gain a sales commission?” one attorney said. Indeed!
You don’t need biased advice for wealth: http://www.amazon.com/dont-need-stinkin-badges-commissions/dp/1492943363
Support American jobs—buy “foreign” cars
American cars are really not “American-made” anymore—NAFTA
cancelled US Jobs
13
of the most popular cars which are touted as American. They are actually
NON-American-made—most are Mexico
and Canada . The
ones actually
made (most) by Americans are F-150, Camry, Honda Odyssey, Toyota Sienna,
Toyota Tundra, Toyota Avalon. “Foreign” cars also top the Initial
Quality Ratings too.
Use a quality insurer for your quality ‘foreign” car: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
SCAMS Why are
we still
paying $700 Billion a year for WWII
deployments? That is 27
cents of each dollar in taxes—the largest part of our money—and we aren’t
even at war. We could pay off our debts and fix our schools, roads and
bridges!
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.
How many bridges can we fix with $443 million?
Our government is spending $443
million to operate the Guantánamo prison this year, or nearly $3 million
for each of the 149 prisoners. It would be better to try them and put the
guilty ones in Leavenworth
for life. It cost only $30,280 a year there.
Mercury Insurance has been ordered by the California
Insurance Commissioner to pay a historic $27.5 million penalty for
willfully violating Proposition 103, by chargingCalifornia consumers
illegal auto insurance fees between 1996 and 2006.
Wall Street tricks discovered: F-Squared stock returns
record faked
Regulators finally uncovered this “pump and dump” F2
as just cooking the backtesting data sold by supersalesman CEO Howard Present.
He was former engineer who wanted to cash in on the ETF craze. He did; taking $
millions in fees. He changed his fund’s record so it looked like 2008 had a
loss of just 1.9% compared to the market drop of 37%. People dove into his fund
believing that Present had found the perfect formula. It was. He had made it
up.
Noah L. Myers of Lyme , CT
Daniel M. Porush, former broker for “Wolf of Wall Street” Jordan
Belfort is under investigation. Med-Care Diabetic & Medical Supplies Inc.,
which employs Daniel M. Porush, who inspired the movie character Donnie Azoff,
is complying with a federal probe into filing false claims against Medicare. Med-Care
received more than $84 million from Medicare in connection with the improper
sales scheme. Patients were pressured to buy devices they did not need.
IAN
41 Watchung Plaza, B242
973.746.2014
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