Your Wealth Reserve: Hedge fund owners are robbing our pensions

Our pension money is being wasted on hedge fund owners

The only people getting rich from our pensions are the hedge fund owners! Even though the largest public pension, CALPERS, has dumped these fee hogs, some pensions are gambling more of our money with them. A new report examined the hedge fund performance of 11 large public pensions and found that these investments exacted a high cost, had laggard returns and generally moved in tandem with the overall stock market. This bad performance means $8 billion in lost investment revenue at our funds. Hedge fund managers collected $7.1 billion in fees from us. That averages out to 57 cents of every dollar in net returns earned by the funds. Fees can steal 63% of our nest egg!

Avoid the high fees: http://www.amazon.com/Forget-Wall-Street-Non-Profit-investment/dp/1519125720

Digital companies (Google, Apple, Uber, Amazon, Facebook) shift taxes to us

Many new digital companies make nothing in America, outsource sources and can shift taxes on income to tax-FREE countries. We can’t. For instance, Uber is worth more than Target, operates in 60 countries, yet hides profits from all governments as “royalty fees.” It has non-taxable Ocean income. It pays no tax or benefits for its drivers either. Using intricate legal loopholes and 19^th century tax laws, new companies avoid paying their fair share. The tax burden paid by companies—for the Army Navy and Air Force protecting them—has fallen from 27% to 8% since 1955. We pay the income and payroll taxes to pay for their use of our roads, police, military, courts, airports, cell towers, etc, etc.

You can avoid their taxes with a legal IRS tax haven: http://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

Congress just gave debt collectors your cell phone numbers

The budget law gives new power to debt collectors. They can now robocall your cell. That used to be illegal — but not anymore.

“You can only imagine what the debt collectors are going to be like once this door is opened, and they just have the computer calling and calling and calling,” Wayne attorney Michael Forbes says.

Is a real estate investment right for you?

New York City properties are very expensive. Trump says he makes money buying and selling them. Many international elites buy Manhattan addresses. But are they right for you as investment or even as speculation? No! When you compare even the most prized properties, the market index fund is a better place to be. Over a 10-year period, the boring index fund beats New York City's finest condos. In fact over most time periods 10, 20 30 years, a low-cost market index like the 500 Index provides 11% returns. Real estate has slumps and booms but over time, average returns look like the average brokerage client returns of 3.9%. Hedge funds are not good either. Fees matter.

Avoid the Pimps: http://www.amazon.com/The-Pimps-Wall-Street-middlemen/dp/151525254X

Critical illness insurance?

This is what your employer or agent will say: “many Americans have to choose between survival and bankruptcy when they are diagnosed with a critical illness, even when they have a medical insurance.” ObamaCare requires insurers to cover essential health care without limits unless your plan was “grandfathered” in 2014. Most have lost that status since then so check with your administrator. This insurance plan may cover some of your expenses if the insurer accepts your claims after your comprehensive health care policy pays for the majority of care expenses. Critical illness insurance was popular in countries where coverage had financial limits.

Agents have sold the lucrative cancer insurance as a supplement for years. However, treatments and no-limit plans have reduced the likelihood of financial catastrophe. Few of us understand the actual probability of complete loss from illness so agents can induce sales from fear.

So, as in most contracts, the fine print matters. Most of these plans will give you cash to spend on expenses if the illness qualifies—some more than others. Better alternatives include flex spending and health savings accounts.

Even better is building a Roth IRA yourself or Roth 401K at work. Contributions are deducted from pay just like CI plans. However, you can use the money when you decide—not an insurance clerk—and you don’t lose it if you don’t need it. Tax-FREE.

http://www.amazon.com/Financial-Death-Insurance-Avoid-thousand/dp/1492803138

Does our President need to tell the truth?

Carson: Ben admits his story of poor angry kid was made up. GOP gives him $3.5Mil.

“Pathological temper” or pathological liar? Classmates can’t remember anger!

Trump: I like Putin in Syria. We are friends bec/ on same ‘60 min’ show!? Look in eye?

“Our wages are too high. Everything is too high.” His wages: $380 Mil—too high!

“How stupid are the people of the country to believe this [Carson} crap?"

Christie: I got more money AFTER being kicked off main debate. Running is all I can do except veto a voting rights bill so GOP can suppress DEMs in NJ.

Rubio: Putin is nothing but a gangster. Nobodies wages should be raised. Except Senate’s

Paul: How is it conservative to add a trillion dollars in military expenditures?

Cruz: 25 programs I would eliminate--corporate welfare, sugar subsidies, etc.

Fiorina: Government uses the tax code to decide winners, and losers.

The GOP Dream Team:

Paul as Prez

Trump as Sec State

Jeb as National Parks head

Rubio as Sec Treasury

Fiorina as Sec Commerce

Christie as Sec Transportation

Kasich as Homeland Security

Huck as Sec Justice

Carson as Surgeon General

GOP religion

Carson thinks Joseph built pyramids. Pyramids built 3,000 years BEFORE he lived.

Michele Bachmann wants to convert Jews to Christianity ahead of the arrival of Jesus.

GOP Supremes (5 old men) will again try to limit our reproductive rights. Ban sex?

KY gov will stop clerk signatures to protect clerk from Hell on gay licenses?

Are you using all your auto discounts?

Not all insurance companies are alike. Does yours provide discounts for anti-theft devices, hybrid, or club membership? Every time I go shopping for coverage, I find cheaper rates. Insurers go through marketing periods that may benefit you but you must ask. Cancel the extras you don’t need and save $22,000 over time.

http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

GOP Supremes to decide which kids get deported

Obama wanted to grant kids of the undocumented status to stay and work in US. Some states said no and Obama filed for the Supremes to decide. 4.3 million illegal immigrants would be eligible for Obama’s DAPA.

GOP to take health care from 521,000 KY residents? Can they do it?

“I can go home and sleep and wake up in the morning and know that I don’t have to worry about not having insurance,” Wilson said in an interview at the Kynect store after enrolling. If GOP gov Bevin ends Kynect as promised, “they’re going to have a lot of angry people on their hands,” she said.

Bevin is an investment manager and has always had health insurance.

GOP is wrong—We need regulation otherwise “everyone” would cheat!

Real estate renovators are taking homes in gentrified Brooklyn No prosecutions!

Agent stole $4.6 million retirement funds but no jail, pays fine, pass go!

RCS Capital caught fraudulently casting shareholder proxy votes for themselves.

Regulators teach stock brokers how to see market manipulation (spoofing).

Olive oil makers caught deceiving us on “virginity” of their oils.

NRA has taken over Kansas!

Kansas passed a new law allowing concealed firearms for anyone without a permit. A survey says 75 percent of respondents didn’t support the law and only 14% did. Gov Brownback said the law aligns the state with the constitutional right to bear arms without permit. You can't vote, though it's a constitutional right. You still need a permit to vote but not to pack. Every study found no voter fraud.

Average American spending leaves little for extras

We are earning what we earned in the ‘70s when inflation is considered $53,495. Our spending patterns have changed. College and cars went up a lot! Wages went down.

1 hour peddling will power your cottage in the woods and keep you fit

Manoj Bhargava, the guy who made 5 hour caffeine drink, built battery charger for the off-grid world.

Calculating your Social Security benefits and time to retire

Consumer Finance has come up with a guide for learning about your retirement income and your options.

SCAMS

VW will try to buy off fake clean diesel car owners with $500 cash and a chance to buy another VW for $500 credit. VW is being sued by owners since most diesels can’t be driven in states with emission laws. Cost to fix is $2,000 or more and you might not be able to sell the car.

Bobby M. Collins, Wichita Falls, TX, stole $4.6 million from elderly. No Jail TIME. Agreed to pay $733,000 in disgorgement and civil penalties to settle the charges!?

VA gave $142 million in bonuses for screwing veterans

People who did NOT do their job got “performance bonus.” Just like Wall Street firms, bonus pool for executives and political favors rules the workplace. Contractors over budget for $1 BILLION got bonus for bad behavior.

Who owns your account now?

Fidelity & Guaranty Life to Anbang Insurance Group, China

HOW CONGRESS WASTES OUR TAX DOLLARS

We shot victims trying to flee burning hospital destroyed by our airstrikes. War Crimes?

Will House committee spend $4 mil to investigate these 30 killings?

House Benghazi committee cost us more than $4.5 million to make Clinton look bad.

Congress lets cattle ranchers stop paying grazing fees they already agreed to pay.

We wasted $2.7 BILLION on those giant blimps that broke free from Washington.

America needs to take care of American’s needs FIRST!

Rebuild America Act: a five-year plan would invest $1 trillion and create or maintain at least 13 million decent-paying jobs—Senate Budget Committee but GOP says no.

Will GOP use taxes to move Alaska town due to global warming they don’t accept?

“We must guard against the militaryindustrial complex.” 1960, Pres Dwight Eisenhower.

Defense spending has DOUBLED in 14 years.

Since 2001, the base defense budget has soared from $287 billion to $530 billion — and that's NOT counting the

Iraq

and Afghanistan wars, ISIL, Ukraine, Cameroon.

US knew US would fail in Vietnam in 1965 but still 1.3 million dead, Kissinger diary.

We just sent “several dozen special operations forces into Syria.” Just like Vietnam.

We are still wasting $8 million per HOUR we don’t have in Syria/Iraq/Afgan/ Ukraine/Cameroon. Obama keeps 9,800 in Afghanistan. Wasted Billions

Taliban captures Kunduz, Afghans run. We bomb hospital instead.

We bombed and killed our own Doctors without Borders hospital staff 10/2/15

US kept bombing ½ hour AFTER told Americans hit! War crimes?