Your Wealth Reserve: TrumpCare cuts your employer plan too!

TrumpCare cuts your employer plan too!

If you receive your health care from your employer, DO NOT think the repeal of ObamaCare will not hurt you. The GOP will cancel your 10 standards of coverage clause of your employer group policy. Your employer will be able to cut your benefits without any recourse. In fact, the GOP is considering taxing employer plans. The GOP bill takes the cowards way out and tells the states to make the cuts: opt out of the 10 essentials. Each insurer can cut premiums by cutting your care and you will have NO choice. The open market will be too expensive just like before ObamaCare. Since you can blame your state (not Trump) for NO MORE pre-existing condition coverage, you lose and Trump’s GOP wins: “Hey, we repealed - replaced like we said.” TrumpCare may stand for “freedom” and “free to chose” but if we get bigger premium increases and bankruptcy if we get sick, we only get “freedom” to suffer. Since the bill plans to cut Medicaid for 70 millions, we will all receive higher premiums to pay for those treated at hospital ERs. However, if you get part of the $600 billion tax cut for the rich, you have “Access” to buy better care on the open market for more. Seniors will pay up to 5 times more. Insurers get “stabilization” subsidies directly and won’t get Obama penalty for CEO excess pay. Here is what coverage we are losing or your state opt out with House and Senate version. Everyone gets something except the 23 million who lose their health care.

Get your income tax credit now: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Can your investment plan carry you to age 100?

Fastest growing age group: 85 to 100

Every year you delay costs you $100,000 later

Attitude and genes have everything to do with living longer. Many retirees work past our assumed “retirement” age. Many work because they love it; others because they have to. Most realize our early-in-life choices determine our financial fitness for the future.

Example: invest just 10% from your first job onward and you will have enough later. A low-cost stock index fund has grown at 11% over time so your money doubles every 8-10 years IF you leave it alone to compound.

You can use an IRS-approved trust that makes all your earnings FREE of income tax for the rest of your life. Social Security will cut benefits by 2034 and income taxes will have to pay for the deficit of $161,000 each. Taxes don’t go down for us. Only the rich can afford to cut their taxes by living off capital. TrumpCare worth $600 Billion.

Have enough to live to age 100: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

BEWARE: Not all ETFs are cheap

Your advisor has convinced you to buy an ETF (exchange traded fund) because they are supposed to be less expensive than mutual funds. Before you sign up, consider the cost. According to an unbiased Morningstar study, low-cost funds beat high-cost funds PERIOD. It is a myth of Wall Street that you must pay more for good performance. You are just paying for the Wolf of Wall Street's toys. Before you buy what your advisor has to sell, subtract the cost (annual expense plus commission plus account fee) from past returns because when it goes down, your costs don’t. Take VanEck Vectors BDC Income ETF. At 920 basis points, BIZD will take a lot of juice each year to make it worth it. Your advisor may assure you that you will be out of it before the price falls but even Buffett doesn’t believe he can do that. Your advisor has pushed your “bandwagon effect” button: 1 year return: 9.76% vs 11.83% VYM; 5 year -11% vs 49% VYM.

Know your biases BEFORE you buy: https://www.amazon.com/investment-biases-that-fried-nest/dp/1547188952

How much will you pay to deport 11 million people?

Without new judges, the courts are already ½ million cases behind. 11 million people being processed will cost $400-600 billion over 20 years according to one study. Real GDP would drop by nearly $1.6 trillion and the policy would shave 5.7 percent off economic growth. Another problem: Americans don’t like manual labor jobs. Farmers who hire American laborers lose them quickly. All your produce requires hours in the hot sun. Many Americans don’t like cleaning up our messes. And do you know anyone who can live and raise a family on $7.25 per hour? Is it right to deport an adult who had no choice at 3 years old and immigrated to avoid a violent home country? Yes the parents broke the law but so have all of us at one time in our lives. If this issue were not political, would America be better off finding another solution?

Trump’s solution will not work and it will hurt America. And, we can’t afford it.

I wrecked my portfolio; did you?

My retirement nest eggs could have contained over a $1 million. Invested at 8% in a balanced fund, I could have spent $80,000 a year on average. But I fell victim to 10 investment biases that wrecked my portfolio. After learning about my mistakes, I was able to recover and still grew it to $900,000. I had never heard of Warren Buffett when I began investing in the early 80s. Warren Buffett had not yet provided his secret to investing.

I had no idea that for investing, the key to success is cost.

I did not know you can avoid taxes on retirement income.

I did not know my money could grow faster just by leaving it alone.

My first contact with 'investing' was deciding which options for my 401k account. The HR person said “you won't lose money with this one.” They steered me to the “stable value” and money market options. That was my first big mistake.

I learned to avoid my biases and invest well: https://www.amazon.com/investment-biases-that-fried-nest/dp/1547188952

GOP religion hurts America’s future leadership

7% of American adults believe that chocolate milk comes from brown cows. That means there are 16.4 million misinformed people who could be our misinformed voters too. Even more Americans are being told there is no human global warming by their leaders. Some are being told ‘don’t worry about losing your home’. Some of the children in this country are being told that weather science is a hoax. EPA dismisses our scientists . They go to Europe. Perhaps it explains how the GOP is actually considering canceling the health care used by 23 Million of their fellow citizens, probably sentencing some of them to death. Some citizens think God created the earth in 7 days so scientific knowledge is fake. Some citizens believe that science is anti-religion and mistrust what science says. They are happy to use their cell phone but dispute the scientific findings that created them. Since these children are taught not to believe in science, they don’t become scientists. Where will that leave us after America stops making scientists or welcoming them from around the world based on their knowledge not religion? International students make up more than half of science, technology, engineering and mathematics (STEM) advanced degrees earned at American colleges.

When I hear GOP religionists, I ask, “Who benefits from the science misinformation”? Koch Industries? Putin? Congress people due for re-election? Political pastors?

Korea hits home run with Kia initial quality

JD Power survey of new owners shows Kia and Genesis as the leaders in 2017 model year cars. Wow. Lexus and Acura hit below average under Nissan and Buick. Still at the bottom are Fiat, Jaguar, Volvo, Rover and Audi. This was the year of the comeback for Ford, RAM, and Chevrolet. For the midsize car segment, it was Camry, Optima, and Altima. Most improved was the Mini. Other models that rank highest in their respective segments are the Chrysler Pacifica; Ford Expedition; Ford Mustang; Infiniti QX80; Lexus GS; Mercedes-Benz GLA; Nissan Frontier; Porsche 911; Porsche Macan; and Toyota Camry.

Ask for all the discounts when you renew: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

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TrumpWorld

Goal: Everyone knows the Trump brand around the world

You and I pay for Trump kids’ security and travel around the world

Trump boasts of highest TV ratings since ‘the World Trade Center came down’

‘Trump’ brand is all he cares about—it is all he knows. Trump vs America brand

We can’t stop watching his “apprenticeship for president” show EVERY DAY!

‘I could shoot someone on 5^th avenue and not lose voters’

Two

Americas

: 1% receive 21% of all income

Trump is still just a mafia contractor from Queens—Fred taught him to be The Don.

Like mob boss, he asks Comey to let Flynn probe go, then asks for loyalty, then fires him, then threatens him. https://twitter.com/realDonaldTrump/status/863007411132649473

His threat of tapes was BS just like all his tweets—no wiretap, no fraud voter! Erased?

Trump illegally pushes 2 top Intel heads to help him with FBI probe Coats testify

Putin is NOT just another mob boss The Don is used to dealing with mobs in NYC.

Trump is not concerned about Putin hacking elections bec/ it does not hurt his brand.

Putin hacked 39 state’s voting systems but we have not searched for vote changes.

Russian lobbyist Rich Burt helped Sessions write Trump policy speech in mid 2016

Lawyer Kasowitz’s clients include Russian bank and oligarch close to Putin, Manafort.

Mueller is now examining whether Trump tried to obstruct justice. Comey, Rogers, Coats

Trump still does not think Russia interfered in election despite 16 US agencies reports

GOP protects Russia against more sanctions. Trump must owe Putin a lot of money.

TrumpWorld – using presidency to make money the old fashioned way: influence

The Don’s winter palace MaraLago doubles profits--rich can watch prez in action

US pays rent subsidy to Trump, a public housing owner in Brooklyn. Only he can.

The Don is already raising money for 2018. IN HIS OWN HOTEL.

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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!

James R. Trolice, Alpine, N.J caught defrauding clients $5 million for lawn care, etc.

Gorsuch first case: Banks can use aggressive tactics like calling nights to collect debt

GOP ends stockholder innovation—Choice Act removes ‘choice’ to change corps.

Adrian Abramovich, FL caught robocall 96 million with fake vacations: $120 million.

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?

No conviction even when police kill black who announced licensed gun.

SCAMS:

Ossoff lost: Do Dems stand for anything besides Clinton liberalism in America’s mind? No new vision for Dem future world. Dem look backward. Just Anti-TrumpWorld.

Next Obama? Smart, young, visionary, middle political, charisma?

Top scams that steal your money: Real-looking email, IRS agent calls, SS # for your refund, fake charity appeal, fake collector calls.

Ignoramus Award:

CIA gives our secrets to a known Russian spy for 18 days before fired—no indictment

Edward Morton, FL State U, says women genetically can’t negotiate hi pay.

How our government wastes our money:

40% of the new health care law tax breaks go to 1% who pay for Reps campaigns

Where have all the jobs gone?

Ford moving Focus production to China, not Mexico—avoids border tax and Trump

Volvo and Buick already made in China, not Mexico

“When you get in excess of 118 [degrees], you’re not able to take off or land” -pilot

Sears closes 20 more; malls seeking alts.—apts, church, college?, Amazon WF strategy.