Are you maximizing your pension--$800,000 vs $200,000?
Study show the average investor earned just 3.69% using a paid advisor while using a market index returned over 10%. Over a lifetime, your pension might be $800,000 not average $200,000. Use the Buffett strategy—mutual funds he recommends for you. Maximize your money: https://www.youtube.com/watch?v=dZL_nV-Gh-s
Nike uses Obama trade deal to evade more taxes
Nike Chief Mark Parker praised the trade agreement, which could boost the company’s financials by lowering U.S. tariffs on athletic shoes made in Vietnam . The company said the trade deal could help it create thousands more jobs in the U.S. over the next decade. That is 100 jobs per year in normal turnover. “The savings from tariffs from Nike and other firms would more likely go to profits than they would accrue to the lowering of prices for consumers,” said Rep. DeFazio. According to its 2012 Annual Report, Nike placed a profit of almost $7 billion at the bank accounts of dozens of its subsidiaries in Bermuda . Nike shows real chutzpa: the offshore shell companies use the names of shoe models: Air Max Limited, Nike Flight, Nike Pegasus, Nike Tailwind and of course Nike Waffle.
WARNING: Variable annuities offer good and bad outcomes
The SEC examined 44 securities firms and found over a THIRD were not being honest about pros and cons of these market securities. Only commissioned securities-licensed brokers can sell these complicated (hidden fees/tricks) investments. With some, you may earn 4% on your money but the sellers take 3.5% every year no matter what you earn. If you have an emergency and need the money, you give up 7-10% of your account. The attractive “guarantees” are expensive—yes, you get income forever IF you live long enough to collect (death stops payments) BUT your monthly check does not go up with inflation (unless you pay extra). Compare alternatives first: http://www.amazon.com/The-Best-Annuity-Strategy-Income/dp/1497532019
Regulators to monitor retiree products
The U.S. Securities and Exchange Commission launched a program to ensure brokerages and financial advisors are offering reasonable investment advice and disclosing conflicts to retirement-age investors. "Retirement-Targeted Industry Reviews and Examinations (ReTIRE) will make sure brokers don’t sell inappropriate products to line their own pockets as they have in the past. SEC will monitor their disclosing conflicts related to their compensation, kickbacks and personal relationships with manufacturers. Get the facts: http://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977
Financial product complaint?
New way to get help—a new database of problems with banking, credit, loans, mortgages, etc and possible solutions. Check a vendor before giving them money.
Is the new tax-FREE ABLE account right for you?
A new federal law authorizing states to offer specially-designed tax-favored ABLE accounts to people with disabilities who became disabled before age 26.
Contributions in a total amount up to the annual gift tax exclusion amount, currently $14,000, can be made to an ABLE account on an annual basis, and distributions are tax-free if used to pay qualified disability expenses. https://s3.amazonaws.com/public-inspection.federalregister.gov/2015-15280.pdf
Working millionaires don’t fit the picture
People who have learned to live with their self-made wealth look like your neighbor. No fancy stuff and no wasted expenses. These folks simply don’t care about their ride and other “signs” of the rich. They are delighted to buy what they want AFTER they wait for it to go on sale or find it used. They love value—quality at the right price. Experiences are valued over things. They know what is important to them and grow wealth. http://www.amazon.com/The-Working-Millionaire-Self-insure-Self-fund/dp/1460945484
Pay per mile insurance in IL, VA, and MA
Metromile, an insurer that uses telematics to charge customers variable premiums based on how many miles they drive, is expanding to Virginia today. The company also recently began selling products in Illinois and opened a second office in Boston .
Metromile has also introduced Metromile Tag to help drivers who don't feel ready for per-mile insurance yet. The device provides many of the same features without having to plug into the OBD-II port. Drivers need to test the insurer before rates are compared.
DEM crazies
Using an off-color word to describe his anger, Martin O'Malley, a Democratic candidate for president, called for a new national assault weapons ban and other gun control measures in an email sent to supporters after the shooting deaths at a South Carolina black church. Congress is a captive of the NRA—no amount of deaths will break their hold. Remember Sandy Hook parents actually met Congress face-to-face: 20 children gunned down and Congress did not even debate it. Nothing.
GOP crazies
The economist that Republicans handpicked to run the Congressional Budget Office just told Republicans that one of their favorite arguments about Obamacare is wrong. Repeal will cost more than keeping uninsured insured. Repeal adds $137 billion to the federal deficit over the coming decade not to mention the suffering of the uninsured.
Gun license law reduced killings by 40%--NRA is wrong—guns kill people
In a study released Thursday in the American Journal of Public Health, they estimate that the law reduced gun homicides by 40 percent between 1996 and 2005. That’s 296 lives saved in 10 years.
GOP Cruz on killings: Asked why it has been difficult for GOP to acknowledge the racial aspect of the incident, Cruz said he didn't accept the premise of the question. "I don't think we should be using this tragedy to try and divide people.” "There's a famous saying, praise the Lord and pass the ammunition," he said. "You know the great thing about the state of Iowa is, I'm pretty sure you all define gun control the same way we do in Texas -- hitting what you aim at."
Jeb on killings: “I don’t know” if white supremacist suspect was motivated by racism.
This comes from the same ideology of Ms Bachmann: The founding fathers ended slavery EVEN though some owned slaves. Yet Jeb knew enough to take down the Rebel flag in FL when Gov.
Lindsey Graham isn’t pretending the murders were about religion or insisting that we can’t tell yet what motivated the attack. Instead, Graham openly recognizes that this attack was racially motivated — and says that America has a long way to go in the racial relations department. He did NOT ask to take down treason (insurrection to legal gov) flag or ban gun sales to unlicensed, however.
NRA blames killing on minister—are you kidding me?
Charles Cotton, National Rifle Association executive in Texas , has come under fire for suggesting that a South Carolina lawmaker and pastor slain with eight members of his congregation bears some of the blame for his opposition to permitting concealed handguns in church.
This is same racism: “If they were not black, they would not have been shot.”
GOP Perry on killings: “This is the M.O. of this administration, anytime there is a accident like this,” Perry told Steve Malzberg. “You know, the president’s clear. He doesn’t like for Americans to have guns, and so he uses every opportunity — this being another one — to basically go parrot that message.” “Roof, may have been “medicated”.” Perry needs dictionary on “accident” and a degree in mental health.
GOP recipients of Roof’s white hate group money = Cruz, Paul, Santorum, Romney. Now you know who the radical racists support!
2 Supremes defy GOP: Supremes let 8 million Americans take a breath
Antonin Scalia, Clarence Thomas and Samuel Alito voted to end our health care but keep their own, which we taxpayers pay for. Luckily Roberts/Kennedy saw the ABYSS ahead: “Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them.” 6 Supremes upheld the nationwide availability of tax subsidies that are crucial to Obama's signature healthcare.
Obama’s 2nd win this week—Obama got trade deal so Nike can continue to make sneakers for 50 cents/hour in Vietnam and increase untaxed profits from lower tariff! ObamaCare stands until 2017 at least.
Is password protection right for you?
LastPass, company that promises to help people keep their passwords secure has reported hackers may have obtained some user information. It is literally your last one – it was helped you be hacked. You won’t need another password ‘cause they have them all now. Mousetraps breakers evolve too.
LastPass, company that promises to help people keep their passwords secure has reported hackers may have obtained some user information. It is literally your last one – it was helped you be hacked. You won’t need another password ‘cause they have them all now. Mousetraps breakers evolve too.
Zihuatenejo, Mexico; that is where Matt-Sweat are after 22 days on the rails!
Is your broker overcharging you?
Regulators review involves overcharges paid by charities and retirement accounts that invested in funds sold by brokerages. BoA’s Merrill had to reimburse customers $24.4 million, in addition to $64.8 million it had already repaid, making the total payout about $97.2 million including the fine. Other brokers will likely be fined but none indicted.
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
We are building another military base for Japan at Henoko. Air Force Gen. Ronald Fogelman admitted that the Marines “serve no military function there. They don’t need to be in Okinawa to meet any time line in any war plan.”
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.
Our gov is spending $8 million per HOUR on our wars in Iraq/Afgan
The War on Terror requires special forces attacks on top terrorists at their homes like Obama’s al-Amr May14 Abu kill. Iraq proved converting a nation to Western-style republic doesn’t work. The troops we trained ran away, left our stuff. Training and more stuff for what? Former Saddam army now ISIS. We are wasting $4 billion a year on Afgan tribal rivalries; paying ransom to Al Qaeda; supporting corruption with our money.
GM murdered 114 people but GM not even indicted
The official death toll from faulty ignition switches in General Motors small cars has risen to 114. GM has made “compensation” offers to 245 other victims’ families. NO ONE is going to jail despite the cover up! Regulators admit did not push GM to accountability for deaths. Investigators repeatedly missed opportunities to identify the defective ignition switch, the audit said. They do not thoroughly screen consumer complaints, despite receiving more than 300 per day, and do not verify manufacturers’ reports on complaints.
Auto makers and regulators know there is no punishment for bad work.
Advisor stole life savings of teachers and clergy
Paul Donnahue Williamson, of Palmetto Bay , Fla.
IAN
41 Watchung Plaza, B242
973.746.2014
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