Friday, December 23, 2016

Best Holiday Present for Family

Best Holiday Present: Start Wealth ReserveTM Jan for $1 million later
Every retiree has told me they wish they had started investing earlier in their life because it is TIME and not brilliant money management that provided their best strategy.
The Miracle of Compounding earnings, interest and dividends every year turns $250 a month, $99,000 over time into $1 million. Each $250 is worth $2,525 later.
Many said they did not miss the $250 a month because they had it debited from their account automatically. They said they checked their 401k or IRA account only once a year. It always seemed to go up so they did not worry. Some just did not think about the account at all because they were saving for retirement and it was a long way off.

Will your retirement income last?
This is the number one question we get asked. But no advisor can predict the future so we must rely on the past to consider the probabilities. First, the reason wealthy people keep their serious money in stocks and other investments and not in the bank is because stocks investments have a higher probability of success over time. Second, you can improve your odds by using what we know of stock market returns over time. Third, time invested determines how well you will do with stocks. Bank returns only match inflation. Social Security benefits in retirement are your “bank” returns. You paid into your SS account all your life and your benefits reflect the amount you paid. The average today is $2,212 per month for a couple. As you get older, the amount will increase with inflation. Will your pensions increase and will they continue after you are gone? Can you survive on the total of these two benefits? Let us assume you need another $2,000 a month or $50,000 total before tax to be comfortable. You can generate $25,000 a year from a $500,000 nest egg fairly easily. However $25,000 will be worth less in the future and so you must find a way for your nest egg to keep up with inflation like your SS benefit does. You can’t park your nest egg in the bank at 2%. That’s why pension funds invest in stocks/bonds/other. Test your nest egg for longevity. See how a 50/50 stock/bond mix gives you over 80% chance of success of $2,000 for 30 years even with inflation.  https://retirementplans.
You can try different portfolios with 5,000 different market scenarios.

Study says pick right hospital for your needs
Choose wisely but we can’t have info to make choice. Study says if you pick poorly you have 3 times greater chance to die. A good heart attack treatment hospital may be very poor for diabetes. Where you live determines your choices to some degree. Research is required before any elective procedure. Unfortunately, the study did not disclose which hospitals had which results. Otherwise no study. It’s like Sears does not tell you which vacuum cleaner pollutes more either. Hospitals that treated a high volume of cases were generally more successful than those that treated a low volume, but there were exceptions. We can use tools like Medicare’s Hospital Compare, which offers general quality information about individual hospitals, but the data are very limited, study head Dr. Rosenberg said. Without ObamaCare, many Trump supporters will need to find a hospital that will at least take them let alone give them the best care for what ails them. We are told to use health care wisely but there is no outcome information. Doctors and hospitals are for-profit and so they hide outcomes and fees like brokers/advisors.
Unlike surgery, you are better off without a financial “doctor”:

Whatever your broker/advisor predicts for 2017 is HALF right
All sales people are positive because they have to be. Wall Street in particular has always been HALF right. Every year they make predictions to give themselves and you a pep talk. Since the start of 2000, the Standard & Poor’s 500-stock index has ended in negative territory in five calendar years (2000, 2001, 2002, 2008 and 2015) and has been virtually flat once (in 2011). The S&P 500 fell 38.5% during 2008. It would have been very useful to have received advance warning that stocks were about to plummet, but the Wall Street consensus did not ring out an alarm. On the contrary, the forecast for 2008 was unusually bullish, calling for a rise of 11.1 percent. Wall Street missed the mark by 49% that year. Thank goodness you did not invest in Blackstone’s hedge fund Senfina -- down 24%. So if you look back you see that the forecasters, as a group, are much worse than flipping a coin. If you don’t listen EVERY year, Wall Street is accurate long-term. Stocks provide 10-12% long-term. Use low-cost stock index and beat Wall Street yearly:

FREE tax preparation
Advertising to you is how they pay for free credit score and free tax preparation. needs your eyes to obtain dollars from sellers of financial services and they give you software to file federal and state taxes at no cost. If you need to file a simple return, this is the cheapest way. The IRS has a topic look up so you can find the answer to your question easier than waiting on the telephone for an operator to answer: You can do your federal online FREE using commercial sites through the IRS These sites charge for a state return. You can also use a local AARP tax aide office. AARP does not discriminate by age or income so they can usually take care of most people. Best tip: deduction for IRA contributions and tax credit $2,000 subtracted from tax you owe. Double Pleasure. 

Don’t forget your RMD rules if you are over age 70
The IRS requires that you take specific amounts from each retirement account. In some cases, RMD amounts can be added together and the distribution taken as you like from one or more of the accounts. Any type of IRA accounts can be aggregated, which means you could total up your RMDs and take it all from one IRA – one that is a poor performer, perhaps, or one that will help you rebalance an account that might be overweight in equities in your allocation plan. This task becomes easier if you have all your retirement accounts at one firm. Ed Slott, IRA expert, says the IRS will often waive the penalty if you make a mistake but can offer a “reasonable cause” for the error. 

American democracy is victim of misinformation from all sides
America has a weak point. Contrasted with a dictatorship, we must have accurate information to make good decisions about almost everything in our society. With the latest propaganda war between the different visions of American life, it becomes harder to maintain our democracy. The internet has flattened the world hierarchy. Now people all over the world who want to change our society can do so quite easily. They don’t need to buy a newspaper or TV outlet in our country like Murdock did. They can just overwhelm our old ways of sifting information for accuracy by creating exciting stories of conspiracy and falsehood. Most people get their “news” from sources not known for accuracy. 75% of us are fooled by false headlines. A survey found that people who cite Facebook as a major source of ‘news’ are more likely to view fake news as true.
            Since journalism as accurate reporting of important events has become a profit-center by most organizations, popularity rules. If journalists do not rout out falsehoods and half truths, the propagandists will win every time. Now we learn that the President of the United States with the nuclear codes at hand does not believe those millions of people in the intelligence services who are charged with protecting us. Trump doesn't take the national security briefings because "I'm, like, a smart person."  He has no respect for the facts. He encourages his followers to ignore them too. He encouraged a foreign power to disrupt our elections. He seems to have made up a positive relationship with a proven enemy of democracy. It appears that power has distorted his perception of the world. The great con man has been trumped by his own con. Trump may have been conned by his admiration of the dictatorship of Putin too – flattery is an old KGB trick. We can’t afford for Trump to play this game at the highest level.
America can’t survive on misinformation.

10 MOST unreliable vehicles FIAT named worst
CR asked owners for their experiences of cost, failure severity, safety concerns, or downtime. They found 10 that will test your patience and pocketbook. Sales by hype and not by reputation keep Detroit-Mexico humming. These 10 had the worst scores. Then on the theory you do better by paying more, these 12 vehicles are not holding their value even after 1 year when you try to sell them. For instance, Regal sedan loses 31.2 percent of its original transaction price after 12 months on the road, which amounts to an average net loss of $11,525. It is not on the unreliable list so buy used. Lincoln MKS loses 34.5% of its original value after one year for an average net loss of $16,039.
Take advantage of discounts on new insurance:

“Whatever I say is true; it is true because I say it”
President does own “research” on,, Twitter, cable TV

He thinks Putin is NOT capable of directing hacks of Hillary and elections.
He thinks he can give away our state property to China as sign of strength.
He thinks he won the popular vote. He wasn’t even going to accept the outcome.
He thinks global warming is hoax. He is paying to keep his resort dry from ocean.
Even our generals are scared of his habits.
“Mr. Trump is a potential disaster as commander-in-chief—uninformed, volatile, poor judgment,” says Barry McCaffrey, a retired four-star Army officer. “What he is saying is not based on facts: it’s based on immaturity, bad judgment and ignorance, and I think it’s going to be hard for people in uniform who are thoughtful about this, to vote for him,” adds retired general Merrill McPeak.

He does not check to verify the information used to rule us. We need China to loan us the money to survive so spiting in the eye is not good.

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

Like mafia family, The Don has never had a boss, no corporate board to question his acts!
Remember, Don Trump is still a contractor from Queens NY
Trust only family” “I'd love to have Jared helping us on deals with other nations and see if we can do peace in the Middle East” Ivanka met with Japan PM Abe already.
The Don Way: Making money from the Secret Service and Top Secret info for biz, an Audience with The Don costs $

Tweets misinformation all night
Revenge for social slights
Not much reading
Actual outcomes: (“So much for draining the swamp” He filled it again)

            Scientists with data receive death threats from Trumpers

CIA says Putin helped The Don get elected and tampered with the process. Trumpers say VP Cheney’s CIA was wrong about Saddam too. McConnell sides with Putin vs CIA.

China, which pays for most of our debt spending, is not happy with Trump already. China stole our drone from intl waters and Trump told them to keep it before Jan 20.

Carrier paid with IN tax credits to keep HALF jobs in Indy and Trump takes credit
            IN spent $24 million to keep jobs but lost 3,800—companies reneged!
            700 laid off workers will not be able to buy ObamaCare -- so lose twice.
            Is this what Putin would do? Force/pay owners to keep workers working!
            Carrier union rep gets threatening phone calls—kids in danger from Trumpers?
            Carrier parent UT gets $ billions from jet engine contract from US too!
            Crony capitalism—Palin does not like govt supporting business. Socialism?

Dems won by 2.9 million: GOP barred voters by closing sites, Greens took Clinton votes WI, PA MI. Clinton received more votes than any other presidential candidate in history.

The Don claims he won popular vote "if you deduct the millions of people who voted illegally", though he provided no evidence of widespread voter fraud. Recount is scam.

The Don disavows white supremacists as they give the Nazi Heil but may have one as advisor.

Don’s vigilantes attack non-whites: hate crimes up in NYC—Muslim cop assaulted. Muslim woman attacked as terrorist.

The Don thinks that maybe torture is not what the generals want.

The Don may believe in climate change by man but today it’s hoax like flat Earthers.
            House committee on NASA says it pushes propaganda. “From next year, entire U.S. government is going to be in the hands of people who really don’t believe in the 'man-made global warming' scare story." Miami flooded is illusion? Coast mayors act?

The Don will “replace” ObamaCare immediately with something “terrific” that is “so much better, so much better, so much better.” 20 million people use ObamaCare. So why do more Trumpers sign up for ObamaCare if it will be gone Jan 20? $75 a month? McConnell, Senate, said to start repealing ObamaCare on Jan. 3 even with no replacement in sight, declaring that “surely” the GOP revision will wind up covering Americans better than Obamacare. He did not say how he will cover the 25 million six percent who has none. (GOP has used “voucher” tax credits to say they can cover everyone in America but a voucher is not coverage and 47% of Americans don’t pay tax so tax credits are meaningless to them.) Sign up extended to 12/19 due to high demand

Deportations: “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.”

Giuliani paid millions by Mexican politician running anti-Trump platform in 2018. Wow

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.

End of Iran deal would be ‘folly’ according to CIA Brennan. “Disaster” for proliferation. Iran just bought 80 Boeing planes using our loans so nuclear deal will NOT be cancelled.

Tax cuts: Single parents and large family will pay more—1%ers get 13% tax cut. 100 top CEOs will have pensions equal to all retirement accounts of 41% of all our families. 100 have more than 116 million people in retirement, according to a new report. No middle.
GOP plan to tax imports means all working people will pay more for most things. 

Cut taxes so econ grows: wealthy get most breaks and buy art with windfall
Economy is doing fine without cuts: Obama economy created 178,000 jobs in November, and the unemployment rate fell to 4.6% from 4.9% in October. 10 million new jobs under Obama.

Stop corporations sending profits (UNTAXED) overseas.

Stop government subsidies (socialism) to oil, gas, agribusiness, drug corporations: Exxon as Sec State and GOP lobbyists make promise unlikely. TX cancels funding for Medicaid leaving thousands of poor women without care. Subsidies for oil remain.

Reinstatement of the Glass-Steagall to keep speculation from consumer banks.  

Trump kids become national security advisors—get top-secret clearance. Giuliani claims “they can’t work in the government because of the government rule against nepotism.” But they can use the information in Trump’s companies and insider trading. Conflicts of interest range from Wall Street to Philippines and India.

Trump promised not to run businesses but continues as producer of Celebrity Apprentice confirmed for 2017. He can’t live on $400,000 a year so will need to be supported by his sons, wife’s and daughter’s businesses. Day to day they run them anyway and he knows his brand will bet HUGE boost worldwide. Postpones news on how conflicts handled.

Stop flow of jobs out of US but corp welfare was paid
Ford will still build $2 billion factory in Mexico but does not send KY jobs there yet.
Ford still move making Focus from Michigan to Mexico to keep Focus cheap.
Fiat building new factory for Jeep Compass in Toluca Mexico. Labor is ½ price.
Carrier agreed to keep 700 jobs in Indy—not furnaces. Taxpayer incentives given.
Trump’s deal “saves” less than half of the total jobs, for a subsidy from IN. Jobs still go to Mexico.

The Don will NOT show his tax returns or his birth certificate. He does not pay taxes: he claimed he lost money.

Promised to stop tweeting so much. Tweeting almost as much.

Promised to act presidential. Stop attacking individuals. Attacked Carrier union rep.

Promised to give up business. Linked business in hidden ownership no accountability. Sons will keep businesses and still head Apprentice.

The Don’s big bluff: what will be done has changed every day since election.

Obama’s rule giving overtime pay to 4.2 million US workers blocked. Trumpers lose

Propaganda wins: 82% middle-school students could not distinguish between an ad labeled “sponsored content” and a real news story.

“I’m going to bring down drug prices. I don’t like what’s happened with drug prices.”
            TIME names The Don ‘person of the year.’

The Don promises more government spending. “Well sometimes you have to prime the pump. So sometimes in order to get the jobs going and the country going.” Congress?  

The Don’s budget guy will help Ryan cut our social programs:

Billionaire investor Carl Icahn, special advisor regulation, Icahn will kill "excessive regulation" on U.S. businesses. Icahn and Ross (Commerce) were the investors who saved The Don from embarrassing bankruptcy of the Taj. Payback time. 

Mick Mulvaney (R-S.C.), Management and Budget, signaling Trump’s intent to slash spending and address the deficit. He played a key role in the 2011 showdown between President Obama and House Republicans that ended in the passage of strict budget caps. He has been an advocate for spending cuts, often taking on his own party to push for more aggressive curbs to government spending, sometimes military. A member of the House Freedom Caucus, Mick led the fight to oust Speaker Boehner. Considered a hawk, he will make sure there are no compromises with Dems. He defends the cuts in Spanish.

Debra Wong Yang, chair Securities and Exchange Commission, the former top federal prosecutor for CA for Bush II, and wrote whitewash report on Christie’s involvement in BridgeGate.  

Tolerance is un-American now?

Regulators are the only protection against corporations since we can’t sue anymore
               Supremes stop us from suing—State courts no longer available to sue corporations!

Hedge fund Platinum owners caught in $1 billion fraud on investors
3,000 communities with lead poisoning worse than Flint poison kids daily—Ignored
Pawnbrokers caught deceiving consumers about the actual costs of their loans
Olympus repeatedly invoked the 5th Amendment re: superbug outbreaks from its scope. 
Military Credit Services caught making loans with improper disclosures
Global Transition Solutions, Kirk, Place, Newtown Square, PA, caught stealing $13 millions
Morgan Stanley caught using customer cash improperly; not keeping high reserves.
New York’s pension fund manager caught accepting bribes from brokers for biz.
Ash Narayan, CA, caught stealing $33 million from athletes using religious message.
Charles Dushek, Capital Management Assoc, IL caught using scheme to defraud clients.
Fiat Chrysler recalls 50,000 Dodge Jeeep SUVs—engine stalls in traffic; not start

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own
GM killed 124 because ignition switch pin not replaced after knew it killed first in 2006.
Carl Icahn hired by The Don to let business pollute, destroy environment, make mess.

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 one and shoot first. You and thief have guns. CO schools now allow teachers/administrators to carry guns in the classroom. Kid lesson! Since 2015, police have killed 86 people with realistic looking FAKE guns--suicide?

Why police shoot those who don’t lie down immediately—dementia, mental illness, etc.
            Caller said ‘man with gun’ so shot man w/o gun 9 times! Nine!

Trumpers want police to start buying military weapons against civilians again.

SCAMS: Missed delivery email scam—don’t respond; don’t click link. Call carrier.
            Some cars are just not made well and will cause you pain

How our government wastes our money

USS Zumwalt, the stealth destroyer is a $7 billion bust. Propellers locked; towed away.

"America's Most Wasted” McCain: We wasted $12.4 billion littoral ships don’t work.

Where have all the jobs gone?
The kinds of jobs taken by automatons will no longer be just repetitive tasks because computers that can translate Chinese to English can find cancer in CT scans doctors can’t. “We’re not only talking about 3 ½ million truck drivers. We’re talking about inventory managers, economists, financial advisers, real estate agents.” 
10,000 workers GM temporarily close five factories January—glut of wrong kind of cars
Walgreens and Rite Aid will sell 865 stores to rival retailer Fred's

Who owns your account now?
Vanguard cuts fees again as investors flee remaining “high-cost” managers

Miracle: Pope calls Vatican bureaucracy “inspired by the devil.” Reform or quit! Promoting poor staff is a “cancer” on the Vatican. Read the Gospel to purify self.

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