Your investment fees
are killing your retirement nest egg
Another study shows
that we are paying Wall Street for no advantage over lower cost funds. Americans
give up at least $17 billion a year by choosing expensive investments
within their workplace retirement plans, according to a recent report from New
York-based RiXtrema. Many investors are fleeing their high-cost funds and some
fund providers are getting the message. BlackRock, Schwab and Fidelity reset
their fee structure after Vanguard
taking in $2 billion a DAY. Over time, retirement total funds could improve
by 40% due to compounding the difference. Earning 10% a year instead of 8.5%
(1.5% to advisor) means $570,000 versus $415,000 at $250 month for 30 years.
Where would you hide
your capital to avoid taxes?
A new study shows
that the
wealthy use two methods to avoid paying their fair share: “Sinks” and "Conduits."
Conduits facilitate the tax-free routing of capital to secretive destinations—the
U.K. Netherlands Ireland Singapore and Switzerland Luxembourg Hong Kong and the British Virgin Islands . Why doesn’t the IRS and Congress go
look for these people who avoid taxes if they know where the money goes? “Follow
the money.” Maybe some Congress people are enabling the tax evaders. You
and I cannot hide our capital overseas because we don’t have those high cost
lawyers and tax specialists. Maybe Congress does not want to find and jail
these “friends” in high places. Now you can avoid paying their taxes.
Use our only
legal tax haven: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441
Do the people who
“made a killing on Wall Street” eventually go to jail?
When you hear about
the guy who claims a fortune by brilliant trading of stock, watch and see if
they go to jail. Usually these “brilliant” traders have information you don’t
and can’t have. The
chairman of the broker dealer legal authority went to jail. The famous Wolf of Wall Street is a felon. Bill
Walters, sports gambler, made more than $40 million from 2008 to 2014 by
realizing profits and avoiding losses. How? By using
nonpublic information from a board member of Dean Foods. He may go to
jail after years in court. Martha Stewart did her time. She lied about her
insider information. Without insider information, a person or algorithm
would need to know all there is to know about a company AND all future events
of the world. Everyone thought Enron was making money the old fashioned way.
They were not. Only
Congress uses insider information legally. Many of our Reps have gotten
rich that way. Their
backers also use insider info to get richer. Those who actually create fortunes
have to work at their idea (Bezos sold many
books by mail) or make savvy purchases of unrecognized valuable companies
(Buffett) when others are selling them. Invest, don’t gamble on a ‘sure’ thing.
Use the Warren
Buffett strategy: https://www.amazon.com/Warren-Buffett-Millionaire-money-snoring/dp/1508887381
Who are the
Trump-Russian contacts?
House Committee
member chart of the investigation of collusion with a foreign power: https://swalwell.house.gov/issues/russia-trump-his-administration-s-ties.
Even the president’s son-in-law does not seem to understand that everyone—even
family—is subject to the law. Like Flynn, Jared
did not disclose his secret meetings with a foreign power. Worse, while
making a secret deal
with Iraq, Jared is in the middle of a deal with a Chinese
insurer which has ties to the Communist Party members. Meanwhile Jared is dealing
directly with President Xi Jinping of China at dinner
on 6 April in the Winter Palace. Are all these deals between the ‘royal
family’ and foreigners just a coincidence? Is not a private audience with Xi a
lever for Jared in the China insurer deal? Jared and Ivanka have many
conflicts of interest here. Is the Trump administration/campaign in trouble
because members are hanging out with Russian spys, mobsters and criminals? Why
would Trump hire known Russian spies and agents of foreign powers like Flynn, Manafort
and Page?
Why would Russian
mobster pay Trump double for FL property? Can China trust a guy with all these secret ties to Russia
Putin would benefit
from a missile war with N. Korea and Syria
GOP creates America
The Ryan tax
structure would move America to the economic structure favored by South
American countries: tax our spending. Ryan pushes the border tariff which means
we pay more when we buy imports, including cars and things that contain
imported parts. Trump would claim Mexico paid for The Wall this way. Ryan could then slash income taxes for the
wealthy and their corporations. But wait! Let’s look at the results of
taxing our spending. According to the experiences of countries using this
method, revenue
falls because everyone evades tax by using the black market. Consumption
taxes hit the poor hardest. Most of us spend all of our income so
we would pay this regressive tax—more spent, more tax, higher tax rate. Wealthy
people save or invest most of their income so they pay the least tax rate. They
have many ways to avoid the income and consumption tax. For instance, their
business could buy expensive items so they would pay no “consumption” tax. Their
firm could provide home, cars, air travel, clothes, etc etc. Right now, a corporate
CEO does not pay tax on most of their compensation because most of it is in
a deferred comp plan, percs, benefits, severance and stock options. Exemptions,
deductions and loopholes we don’t even hear about cut their share of taxes even
more.
Use a legal tax
shelter: https://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441
The Don could make a
deal for a new American health care world
Health care costs
are out of control. We created and make drugs in the US but then pay $124
for the same formula that cost $6 in New Zealand, including shipping. Why
does a hip replacement cost $7731 in Spain and over $40,000 here? Same artificial hip
and it costs
$350 to make in the US. Is health care only for the rich? Is good health a
matter of luck of birth or does society have an obligation to provide
AFFORDABLE access to all? Is health care a commodity like a TV or a right like
fresh air? Can I really go shopping in the marketplace for a good quality
hospital, doctor or drug price? When I have an illness or emergency, I could
not find out the prices even if I had time to look for them. In my
neighborhood, there is just 1 ER, 1 lab, 1 gastroenterologist covered by my
insurance. My insurer’s clerk decides
what care I receive. Are we wasting our resources by giving
Congress people and millionaires enhanced spending for care while the rest of
us do without basic care? Is Leader Ryan really shopping for his health
care like he advocates for me? Trump said drug companies were “getting away
with murder” because they had “a lot of lobbyists and a lot of power,”
insisting he would get Medicare to bargain. Is it ethical for the rich to
obtain care from the best physician in their specialty and I obtain poor
quality care from the worst? That is the mark of a separate class society—a
banana republic ruled by and for the wealthy families. One class receives all
the benefits and the rest get priced out of a quality life. Trump
gave up his promise to cut prices after meeting with those CEOs and lobbyists
in power.
Is this the America we want? https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584
How to assure your
child has enough when Social Security is cut
Every year, the
actuaries calculate how long our
benefits will last. Actually Social Security does not have any money.
Current benefits come from current contributions from workers who make less
than $127,200. If Trump
actually sends all the 11 million working people who lack documents home, SS
benefits will have to be cut sooner. When your child is ready to retire, the
benefits will be less. They will need a retirement
supplement. Company pensions will be a relic of the past. They will
probably need money to live on. Luckily, you can provide it by taking advantage
of the miracle
of compounding. Your investment in successful companies today will produce
100 times the value later. Invest $1,000 every year for 20 years and they will
have $1 million later. http:/www.SaferChild.org/power. Or invest a lump sum and see how many years
it takes to reach your goal using the stock market average of 11%: compounding
calculator.
Give the Gift of a Lifetime: https://www.amazon.com/Give-your-child-Gift-Lifetime/dp/1456433105
Last chance to avoid
penalty for late filing
Due date to file is Tuesday
Apr 18. Us the free software to file federal and pay $14 for state. Fill in
data from 2016 online and compare to 2015 to avoid errors. https://apps.irs.gov/app/freeFile/jsp/index.jsp
No need to be
overcharged by paid preparers. Even if you make a mistake, you won’t have
penalty for not filing.
Avoid taxes in
retirement: https://www.amazon.com/Your-ZERO-Tax-Account-Like-Wealthy/dp/1482772795
*****************
We have entered
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" where “alternative
facts” and illusions of conspiracies are lived out. Lies are considered
true. Incompetence
is praised. Truth is what the loudest voice says it is over and over.
Rod Serling
GOP cuts programs of
folks who have no
power to oppose cuts. Cowardly. The Don does not
like diplomacy, aid to poor, US
19 Agencies you may use being cut
from American society: The Don does not like Meals on Wheels, Sesame St. NPR
radio, Arts, Miners retraining, Seniors volunteers for poor, Americorp youth help poor, 62 in all for $343 billion
What GOP does NOT cut:
No cuts to subsidies to Boeing,
GE, Intel, Nike, Shell, Fiat, GM, Ford,
hundreds more.
No cuts to govt cost overruns of $ trillions
each year. And Congressperson subsidies.
Wealthy 1% will
receive a $165
billion tax break, Seniors
go back to food stamps.
No
cuts to United Airlines subsidy even after rip a paying customer from his
seat.
*
The
Don hires possible Russian spy being tracked by FBI officially. Treason?
End to Roe v Wade? Gun registration? Industrial regulations?
Extreme Supreme
passed Senate using $10 millions in TV ad campaigns from: the Koch network, The
National Rifle Association, Leading evangelical and anti-abortion groups.
What
was the message? 60 missile strikes and Syria
attacks his people again next day. Media
& GOP likes president ‘better’ during war.
Forget fighter bunkers; let’s bomb
Assad’s palace so he gets the message
Trump will occupy Syria
after regime change like Iraq ?
“There's not
any sort of option where a political solution is going to happen with Assad
at the head of the regime," Ambassador Haley said
“I think the Trump administration are beginning to realize
that Russia
is not a force for good in the world," retired Adm. James Stavridis
GOP feedback: The Wall
at $22-$40 Billion is too expensive—get Mexico
money first
Surprise! ObamaCare
is NOT in Death Spiral—Insurers make money; market stabilizes. In fact, many
House GOPs are now defending ObamaCare’s protections for people.
Surprise! The Don’s promises of a Great America are confusing
to Americans.
It’s technology’s fault, Don: General
merchandise stores shed 34,700 jobs in March
It’s solar NOT coal energy, Don: China
leads in solar panel production not coal
mining.
Another lie, Don: Using
dummy corp, building hotel with Russia, Kazakhstan and others.
US not dictatorship yet, Don: Trump
sues Twitter for name of account critical of him.
The Don Undoes
Obama Student Loan Protections: Lenders say need more profit!
*************
Regulators are the only protection against
corporations since we
can’t sue anymore
“It is nearly
impossible for one individual to take on a corporation with vast resources.”
Supremes
stop us from suing—State courts no
longer available to sue corporations!
GOP racists never
give up: Judge ruled that Texas’s
voter ID law was “crafted to discriminate” against minorities.
FCC Chairman bans your phone at higher altitude bec/ he
does not like the noise.
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.
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?
Father
kills son in dispute 8:20 AM "who was going to walk the dog." Dodge
City knew you can’t trust hot heads with guns.
SCAMS:
Buying your tax return data costs $50.
“Tax filing information is probably the most premium type of
record criminals can buy on the underground,” said IBM’s Kessem, who has been
tracking this world for eight years. “It
goes for $40 or $50, and unlike credit cards, never expires. People can try and
get loans in someone’s name, make fake IDs in people’s names, get credit.”
And of course, the top target is filing a tax return in someone's name and
getting the refund.
Ignoramus Award:
What does Trump hide?
WH demands briefing without
recording cameras so world cannot see QA statement.
How our government
wastes our money:
$60
million for Syrian airport attack Raytheon gets $1.4 million each--no
volume discounts and Syrian leader still has chemical weapons for next time. CIA
and EU members helped Syria get and make more chemical weapons.
The Wall
at $22-$40 Billion is too expensive—get Mexico ’s
money first
ATF charges personal items to govt account using
our taxes for their holidays.
Navy
Seals on drugs and training stopped. Hiding problem does not solve it.
Where have all the
jobs gone?
To internet stores: General merchandise stores
shed 34,700 jobs in March
China
leads in solar panel production not coal mining.
Which job board sites are best
for your job search?
Ransomware recovery: http://securityaffairs.co/wordpress/53438/malware/ransomware-recover-guide.html
Cancel Robo calls with Mr NoMoRobo: https://www.nomorobo.com/
Miracle:
IAN
41 Watchung Plaza, B242
973.746.2014
Alerts
No comments:
Post a Comment