Reduce your taxes like President Trump
President Trump has said: "I fight very hard to
pay as little tax as possible" because "that makes me
smart." If I did pay taxes, "it would be squandered, too,
believe me." Be smart:
Converting part of your IRA to a Roth will provide future
income without the income tax. Converting $10,000 today (pay $1,500 tax)
and spend $24,000 in 10 years (after age 60). You can spend it all and not pay
the $3,600 tax on $24,000. You could use this lump sum for a vacation or your
grandson’s education or just leave it to grow into a handsome legacy for your
heirs. Since this money is not taxable you may avoid tax on your other income
too. For instance, SS
benefits are taxable if your income is over $32,000 ($25,000 single). If
you were to convert $10K IRA money every year for 10 years, you will have
turned $100,000 TAXABLE income into $250,000
FREE of TAX. Since you must take IRA money at age 70.5 anyway, taking it
earlier will lessen the “forced” distribution and thus less tax. You may
convert any amount any year. You can fund a Roth IRA now and not have to
convert later.
This is Your Hidden
Wealth Reserve: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce/dp/1540435148
We never did get to see The Don’s tax returns
He said they don’t matter to his voters and he was right. So
now he, as head of IRS, won’t be finishing the audit on himself and he will get
away with not paying his fair share. He deducted about $1 billion of other
people’s money and gets to keep all of his income from TV and using his name on
things for 20 years. His tax plan includes huge tax breaks for the wealthy. The
top
1% would get about half the benefits of his tax cut. People with $3.7
million or more in annual income would receive
$1 million in annual tax savings. Deficits will soar unless the rich create
tax payer jobs here. (This has not worked in KS
which gave businesses 0 taxes in 2012.) However, if the created jobs are
low-pay, like in Texas , no new
tax revenue would be created. Since The Don will cut corporate taxes, new
middle class taxes will go up and less-advantaged assistance programs will be
cut. GOP has already targeted ObamaCare, Medicaid, Medicare and Social
Security.
You can avoid paying the new taxes: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977
The Don’s excuse for not paying taxes: “They
waste the money”
Can The Don stop the big business subsidies Congress relies
on for their daily bread? He railed against lobbyists who get paid for
subsidies. But, OH NO, he
HAS them in his transition team deciding who will make the rules. Will he
cancel EPA so we have dirty air, dirty water and contaminated soil? Which
programs are wastes to The Don? The Don is using the same
people as Bush for decisions—his first tell— “He is failing the
first test, and he should be held accountable for it.” For instance, Ed Meese,
a lobbyist for Heritage Foundation is setting up budget. The
list goes on. Energy, Communication, Intelligence, Agriculture, etc. They
even asked JP Morgan Chase Dimon
to run Treasury. Hardly outsiders! Some are the ones who oversaw the
financial collapse of 2007. Obama never jailed any of them. His Justice has let
many
bankers skate. Can The Don put any white-collar criminals in jail? If
some went to jail, it might persuade banks to not take big risks. But Don
has relied on them for financing his projects—3 casinos, the Plaza and scores
of buildings/golfs. He used Tax Credits to avoid paying his fair share.
You should use your Tax-Credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Where should you invest now for retirement if GOP cuts
Social Security?
Ryan and House members will now have a “mandate” to cut our “entitlements”
since The Don will be spending on other projects. Without cuts in Social
Security and Medicare, the GOP would need to raise taxes. Where can you put
your money so that you can supplement the cuts in your future Social Security
benefits? One alternative is to use a balanced fund that makes you owner of
stocks and bonds. One of the best is the Vanguard Wellesley Income fund. It has
returned 9.8% since 1970--7% in 2016 so far.
Remember when The Don was against hedge fund operators?
No longer. Now they are in the government. He said: “Hedge fund guys are getting away with murder.” One of Trump’s friend/backer, hedge fund owner, Steven Mnuchin, is even a contender for Treasury secretary. “That nonsense is ending: the anti-banking cabal and the screed of hatred for people that live on Wall Street,” Anthony Scaramucci, a well-known money manager who is on the transition team, said last week following Trump’s victory. Mnuchin, a former hedge fund manager and partner and Goldman Sachs Group Inc., is a top candidate to lead Treasury; he served as Trump’s campaign finance chief. John Paulson, who made billions when the housing market collapsed, is an economic adviser; he was a Trump donor and has been pushing for changes to Fannie Mae and Freddie Mac, theU.S.
mortgage giants. Rebekah Mercer, the daughter of hedge-fund magnate Robert
Mercer, is on Trump’s transition team. Carl Icahn, investor,
has also backed Trump, hoping the candidate will rein in Environmental
Protection Agency rules, which he says harm refiners like CVR Refining LP, where
he has a controlling stake. His wife, Gail, has been named to the inauguration
team.
No longer. Now they are in the government. He said: “Hedge fund guys are getting away with murder.” One of Trump’s friend/backer, hedge fund owner, Steven Mnuchin, is even a contender for Treasury secretary. “That nonsense is ending: the anti-banking cabal and the screed of hatred for people that live on Wall Street,” Anthony Scaramucci, a well-known money manager who is on the transition team, said last week following Trump’s victory. Mnuchin, a former hedge fund manager and partner and Goldman Sachs Group Inc., is a top candidate to lead Treasury; he served as Trump’s campaign finance chief. John Paulson, who made billions when the housing market collapsed, is an economic adviser; he was a Trump donor and has been pushing for changes to Fannie Mae and Freddie Mac, the
Lies, all lies.
Can Wall Street learn to put our needs ahead of their own?
Obama tried to reform the Wolf
of Wall Street so that they would not collapse our financial system again. When
you are setting up your retirement income from 401k and IRA accounts, the Wolf
used to take a big bite—5-10%. Now it can eat up to 63%
of your investment portfolio. Obama’s retirement div put out rules to
protect vulnerable senior’s nest eggs from the Wolf. Will Trump
destroy the Fiduciary Rule as part of the industry lobby to repeal
Dodd-Frank? Fiduciary means advisors put your interest before their own. This
rule does not mean advisors can’t overcharge on all other products. It does not
mean they can’t charge fees for years after the sale of retirement products. In
fact Chase and other banks have already said they will stop commissions and
charge annual fees forever instead. Instead of paying 5-10% up front, you will
pay an extra 1% per year. Chase and BoAmerica could take 10-15% over the life
of your account. The Wolf cannot help taking the whole
cake—now just one bite at a time--forever.
Consider better alternatives: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275
Which Part D plan is right for you?
When comparing Part D plans, make
sure the copay for your drug is reasonable. The AARP tested the difference
between the copays for 30 day supply of 5 drugs in 5 states. The diffence in
what you will pay is astounding: We pay $569 or $27 for the same Procrit
4,000 ml in FL amoung 20 plans. Large differences in copays for the same drug
within a state not to mention in the same country leads any reasonable person
to believe America
has a problem. Trump used
to rail about this problem. The problem was highlighted by the recent
scandal over EpiPen. Do you spend
all of your monthly budget for this lifesaver or let your kid go to the
hospital so your family can eat? In England
the same
medicine costs $69. It actually costs $30 to make and we add $6 profit:
$36. Someone or other is making a killing. If you are a millionaire Congressman
or you earn $423,345 as a 1%er then
$600 for Epipen is no problem. However, for most of us, medicine is like
water and air—a necessity that should not be exploited. Can Trump make drugs
affordable for the ‘forgotten’ family?
The Don says he will NOT take his $400,000 salary plus
benefits
Taking a salary means having your taxes withheld. The Don
does not pay taxes. However, he may not realize there is a large pension too. Seems
unwise to refuse $½ million extra cash. Not all his job’s expenses are
covered by the govnmt. We
pay presidents for the rest of their lives even though they don’t need
it—well maybe Jimmy Carter. A fixed income for 30 or 40 years is over $7
million without inflation rider. We can create a fixed monthly payment without
having to pay the high annuity fees of 2-4%. There are better alternatives: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019
Car and Drivers 10 Best Cars 2017.
Their annual list of the very
best automobiles for sale in America includes some suprises, including the
Honda Accord. To win a vehicle must offer good value, excel at its given
mission, and, critically, deliver a pleasurable driving experience. Some are
sporty and some are expensive too. Few are considered the most reliable
according to JD
Power. 5 cars
to avoid this year—wait for revisions.
Ask for all your discounts when you buy new car insurance: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Tea Party controls House, Senate, President, courts,
Supremes--Finally
got to be rulers
If you are wealthy and hate government, you win. Most of us
will grit teeth for 4 years. Trump’s Teas
will cut programs that benefit older adults and younger people with
disabilities, including Medicaid, Older Americans Act such as Meals on Wheels,
adult day, information assistance. Don said he would leave Social Security and
Medicare alone but he said many contra things. Teas have targeted all programs
for disadvantaged like ObamaCare.
Don may not resist their cuts especially if economy falters. He does not like
losers. 20
million will have no health care. "You're not going to let
people die sitting in the middle of the street." He made fun of
disabled, banned unfavorable press firms, and attacked certain minorities,
judges, laws, departments he did not like. His tax plan reduces taxes for very
rich but his advisor says if growth does not come, middleclass tax increase
will be necessary to balance budget. Christie just raised gas tax in NJ and let
millionaire tax cut stay. He ended the estate tax for rich. Christie may be
Don’s whip in Congress. He claims he can make Dems give in.
You will need your own tax-FREE pension: https://www.amazon.com/Your-Pension-Box-tax-FREE-employer/dp/1481945157
We are entering the Twilight Zone:
"There is a fifth dimension beyond that which is known
to man. It is a dimension as vast as space and timeless as infinity. It is the
middle ground between light and shadow, between
science and superstition, and it lies between the pit of man's fears and
the summit of his knowledge. It is an area which we call the Twilight
Zone."
Rod Serling
THE TRUMP PROMISES
Deportation,
The Wall, Re-Create Jobs, NO Abortion, No ObamaCare, More Guns, No Muslems,
Reprochmont
with Russia, Christian
nation, Jail
Clinton, Kill Terrorists and Family, Torture, Cancel Iran deal, Cancel
EU-NATO, Replace VA head, Tax imports esp Ford, Grow 6%, Cut Deficit,
Cancel Consumer Protection Act, Wealthy tax break, No tax
income <$50K, Change
Washington, Change GOP, Change, Change, It was rigged! … for me!
The Don’s 1st test: Replace job paying $23/hr Carrier
move to Mexico—he promised.
CarrierMexico
will pay $25/DAY. Automation, computers, math.
He
made Carrier the poster child and “we’re
going to hold him to it.”
We want
change: “It could have been Captain Kangaroo and he
might have won.”
Deportations begin: “get the people that are criminal and
have criminal records, gang members, drug dealers, where a lot of these people,
probably
2 million, it could be even 3 million, we are getting them out of our
country or we are going to incarcerate.”
Wall is too expensive—settle for a fence: Tax cuts for rich/corporations
mean no money
NATO EU UN defunding: Weakening
NATO, EU and UN ties is Putin’s goal in regaining Russia ’s
superpower status. The Don has been flattered by KGB: no friend.
Trump kids
become national security advisors—get top-secret clearance. Guiliani claims
“they can’t work in the government
because of the government
rule against nepotism.” But they can use the information in Trump Corps and
insider trading.
Ford
will still build $2 billion factory in Mexico but does not send KY jobs
there yet.
Teas have finally
gotten their wish! Congress and WH are anti-govt but paid.
The Don’s “cabinet”
are scary
group
Jeff Sessions top law officer, was rejected
for judgeships by GOP because racist remarks:
Sessions had referred to the N.A.A.C.P., the Southern
Christian Leadership Conference and other civil rights groups as “un-American”
and “Communist-inspired.” An African-American federal prosecutor then, Thomas
H. Figures, said Mr. Sessions had referred to him as “boy” and testified that Sessions
said the Ku
Klux Klan was fine “until I found out they smoked pot.” He does not like the Voting
Rights Act and the stringent oversight it placed on Southern states.
Mike Flynn, national security adviser, thinks that Shariah,
or Islamic law, is spreading in the United States
(it is not). His
dubious assertions are so common that when he ran the Defense Intelligence
Agency, subordinates came up with a name for the phenomenon: They called them
“Flynn facts.” Flynn thinks Putin is an ally in fight against ISL. He
worked for Russia Today, a Kremlin TV network. He was leading chants of
“lock her up” against Hillary Clinton at rallies for The Don.
Mike Pompeo, CIA director, House Intelligence Committee,
gained prominence for his role in the congressional investigation into the 2012
attack on the American diplomatic compound in Benghazi ,
Libya Iran
anti-nuclear agreement, Pompeo thinks we should “walk away from this deal.” He has
ties to the Kochs, the billionaire conservatives whose Koch Industries has
provided his funding.
Myron Ebell, EPA, is a climate-change denier who directs the
Center for Energy and Environment at the Competitive Enterprise Institute. The
group's website, SafeChemicalPolicy.org,
exists to downplay the health and ecological impacts of chemicals. “Pesticides
aren’t bad for you.” “Honeybees decline not linked to pesticides.”
“ I
am the only one who knows who the finalists are!”
Like mafia family, The Don has never had a boss, no
corporate board to question his acts!
Do-Nothing Congress will
decide US future by doing
nothing for more 4 years.
Enemies
List: Clintons, Ryan, Graham, Cruz, Rubio, Bloomberg, DeBlazio, Gold star
Kahns, NYTimes, NYPost, WashPost, Univision, Megyn
Kelly, judge and claimants in Trump U. case, women accusers, Trump
canceled brother’s insurance, Christie (for humiliating
Kushner dad in 2005), Christie
sued over shutting Fed property.
Subway wall sign: “love
trumps hate” Tolerance is
un-American now?
Regulators are the only protection we have since we
can’t sue anymore
ACA: Trump now says “people
would not lose coverage when ObamaCare is repealed.”
The Don wants national
concealed carry law. NRA wins. Flip-flop from book.
Racial incidents on the rise as Trumpers
flex muscle for their Leader. Protests grow.
JPMorganChase drops
commissions on retirement options—ups the fees for more.
Financial abuse and exploitation
costing seniors 20% more than it did two years ago.
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
Police want gun control.
When everyone has guns; your
chance of being killed goes up. Police don’t know who to
shoot. They assume everyone has a gun hidden. You and real criminals both have
guns.
Protect police with your
gun: Passerby
shoots suspect who’s beating sheriff in traffic stop
Police organization
issued a formal
apology for the historic mistreatment of minorities.
SCAMS: Bullies
in SUVs will intimidate our ‘robot’ cars – Mercedes CEO complains
Ignoramus Award: "It
will be refreshing to have a classy, beautiful, dignified First Lady in the
White House. I'm tired of seeing a Ape in heels."
WV Clay County Development Corp. director Pamela Ramsey Taylor
WV Clay County Development Corp. director Pamela Ramsey Taylor
Social media post following Donald Trump's election as
president.
WV Clay Mayor Beverly Whaling responded: "Just made my day Pam."
WV Clay Mayor Beverly Whaling responded: "Just made my day Pam."
“KKK is “more
American” than President Obama” according to TN
correction officer.
Is it lead poisoning from the water in TN, WV and KY? Lead
can cause brain damage.
How our government wastes our money
Where have all the jobs gone?
Trump must hire 4,000 bureaucrates to run govt he vowed to
eliminate
Trump’s advisor and sonlaw Kushner’s NY
Observer in print ends and layoffs
Who owns your account now?
Obamacare enrollment surged by more than 300,000 after election. Now TrumpCare.
IAN
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973.746.2014
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