Friday, March 16, 2018

You can increase your refund or cut tax


It is not too late to increase your refund or cut IRS tax
Tax filing is half over. If you find you owe tax instead of hitting the refund button this year, you may still be able to claim your refund. You can reduce your 2017 income and receive a tax credit. Credits reduce your taxes dollar for dollar. In effect, IRS code can help you reduce taxes like The Don AND save for retirement at the same time. On line 32, Form 1040 or line 17, Form 1040a, you can enter up to $5,500 ($6,500 over age 50) as IRA contribution to reduce your income. If you meet the qualification, a credit will show up on Line 51, Form 1040 or Line 34, 1040a. You subtract this credit from your tax. EG: Income $66,000: tax refund is $3,335, without IRA contribution. With the contribution, the refund is $4,392 or $5,553 if you both make the contribution. Credit against tax is $400. IRS checks your IRA. Use: irs.gov/app/freeFile/jsp/index.jsp
For help with complicated returns: https://irs.treasury.gov/rpo/rpo.jsf

All the things that our Wall Street advisor tells us to do is wrong
Set up your asset account and let it grow by itself.
Fidelity analyzed its most successful accounts. Results:
Either the client was dead or forgot about their account.
Warren Buffett has confirmed the same success factor. He says:
“The stock market is a device for transferring money from the                            impatient to the patient.”
“We continue to make more money when snoring than when active.”
The DALBAR study:
The average investor earned just 3.79% a year while the stock market earned 11.06% over the last 30 years.     DALBAR’s QAIB
Morningstar the rating firm found:
In every single time period and data point tested,
low-cost funds beat high-cost funds.”
What are these 'Assets that grow by themselves'? : https://www.amazon.com/Assets-that-grow-themselves-snoring/dp/1986381226


Is your advisor living up to the promises?
How do you judge your advisor as an advisor about money management and meeting your goals? Do you just ask that they not lose your money? Over what period to you judge their results? Are you fair with YOURSELF? Sales people always have a good story. Just listen to any TV commentator or your own advisor. “Market went down because ….” Do you check the benchmarks? A stock market index fund has provided 11.11 since 1976, 21.67% in 1 year; 11.26% in 3 years; 15.62% in 5; 8.37% in 10. If your advisor is providing a 40% stock 60% bond portfolio for ‘safety’, are they exceeding the classic balanced fund after fees: 9.85% since 1970; 10.20% in 1 year; 6.45% in 3; 7.31% in 5; 7.11% in 10. If not, why not? Fees are the largest drag on returns. Maybe it is time to go your own way since success in stock picking is very hard.  


Warren Buffett provides FREE advice on how to beat the Wall Street pros
He bet a market guru on Jan 1 2008 that his SIMPLE advice would beat the professional money managers. He took a bow in his annual letter to his fund owners: “A virtually cost-free investment in an unmanaged S&P 500 index fund would, over time, deliver better results than those achieved by most investment professionals …” And his choice did after inflation—8.5% a year vs 2.9%. “American investors pay staggering sums annually to advisors, often incurring several layers of consequential costs,” and with little to show. Buffett’s final message: “As an investor’s investment horizon lengthens, however, a diversified portfolio of U.S. equities becomes progressively less risky than bonds.” Read how a really successful investor earns over 19% a year. Read why PI is important to us:

Did you leave a pension at a past employer?
We change jobs or employers fold and leave our money with the PBGC. Sometimes the bankruptcy takes a long time and you are never notified how much is yours. You may be able to claim your portion of the $ millions left behind. First, search the PBGC: https://www.pbgc.gov/search/unclaimed-pensions. Second, try the Dept of Labor: https://www.dol.gov/agencies/ebsa/about-ebsa/ask-a-question/ask-ebsa. The best option, according to Bloomberg: Call one of six regional pension counseling projects affiliated with the Washington-based nonprofit Pension Rights Center (pensionrights.org). The regional offices handle a range of retirement-benefits issues for consumers and act as a liaison with the plans. Elizabeth Warren’s law would create an Office of Retirement Savings Lost and Found to serve as a clearinghouse for retirement plan information and require employers to provide data for a national searchable database that could be used by all retirement plan participants. GOP may cancel funding for Warren’s law in their panic over lost revenue this year.


Would you rather earn 8.5% a year or 2.4%?
Buffett won his bet with 5 Wall Street ‘professionals’ that the Vanguard 500 Index fund would provide a better return than the pros. The Index fund returned 94% vs 24% over 10years. Why don’t most investors use index funds? Most think the expensive Wall Street ‘professional’ managers are smarter than the market itself. Managers take a lot of fees from investors but 95% of them fail to match the market. No manager knows the future. No manager can know all the conditions affecting the companies. Luck has role.
Bet on Buffett’s strategy not on Wall Street’s ‘experts’: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373/

20% of us aren’t saving any money; 78% living paycheck to paycheck
Most say expenses are the biggest obstacle, with 39% of the respondents citing this as the main reason they’re not saving. 16% said their job isn’t good enough, while an equal amount said the main reason they aren’t saving more is because they haven’t gotten around to it. Living with debt and no emergency is the American way. Perhaps in this culture of immediacy we don’t worry about tomorrow like older generations HAD to. No jobs and starvation was a prime motivator after the 1930s wiped out their way of life. (NOTE to climate deniers.) Without preparation, some could find housing in L.A. for the homeless. Others may find food illegally from volunteers. Others may try making it on $9 per hour if they can find work. Even if we work all our lives the average SS benefit is $1,341 a month. That may be cut 25% in 16 years if GOP holds Congress majority. There are more retirees and fewer workers so we either stop making wars, bombs and missiles or we live shorter lives.  


IRS free filing sites avoid $300+ cost of filing taxes
Commercial tax prep sites offer expensive loans as advances on your refund but you can keep your whole refund using the IRS free filing partners. Refunds can be in your account within 2-3 weeks. Remember: IRS does NOT call you. The average refund is over $3,000. Check if you have a refund for a previous year—there is over $1 billion from 2014 alone. https://www.efile.com/unclaimed-irs-tax-refund-checks-and-bank-deposits/. Check your refund: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp
You can create a tax-free retirement fund of $500,000 with that amount each year. If you need free tax preparer service for your 1040, use AARP Tax Aides near you. Bring last year’s return and ID: https://www.aarp.org/money/taxes/aarp_taxaide/. If you have a simple return: FreeTaxUSA or FreeFile: https://apps.irs.gov/app/freeFile/jsp/index.jsp.
Use your refund to fund your tax-FREE IRS approved account: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

One advisor claims investors are turned off by advisor’s bling
Nick Richtsmeier says his industry must stop trying to impress the wealthy to become clients. “It’s an empathy gap that is the effect of decades of culture in the financial services that creates a barrier between people who give advice and those who need advice,” he says. Brokers/advisors created the image of a financial professional as one wrapped in luxury cars, exclusive neighborhoods, expensive clothes and jewelry. Somehow this proved they were successful at making money but investors are now realizing that THEY, the investor, had to pay for all that bling. “Clients today are more interested in facilitating high-quality decision-making,” Nick says. The average financial advisor makes approximately $140,000 a year, says Richtsmeier, but the average American household reports an income of less than $100,000 a year. Most of the advisors I have worked with make less than $90,000. Most Americans who reach $1 million in assets have already been investing effectively on their own. Advisor fees can hurt more than help you. Try paying less and earning more.

Avoid these cars according to JD Power
In 2016, Kia leapt to the No. 1 spot, ending the nearly 30-year reign of premium brands. It held on to that top spot for 2017, with Genesis, Porsche, Ford, and Ram rounding out the rest of the top five. But while a rising tide lifts all boats, there are still winners and losers. 10 with the most problems you should not buy: Infiniti, Jeep, Subaru, Audi, Mazda, Land Rover, Mitsubishi, Volvo, Jaguar, Fiat. Consumer Reports shared similar views. After ownership, Power likes this list of most dependable: http://www.jdpower.com/ratings/study/Vehicle-Dependability-Study-%28VDS%29-by-Make/846ENG



****************
Make America, “The Don” Great Again

Palace intrigue: Trump’s movie will star himself and family in 2022. Putin does cameo.
(Putin has videos of the star in compromising XXX sex acts we can’t describe here)
Trump’s stage name is ‘David Dennison’ when others pay $130,000 for his sex.

A movie is the only way to understand how Putin got Trump elected. Will Putin poison him?

Jr didn’t. ‘collusion;’ … or treason!

Trump Is 'Doing Putin's Job for Him' by Attacking our FBI: McCain
Mueller indicts 14 more conspirators for illegally helping Trump win election
How many other people can Trump blame for Putin’s meddling?
Putin has hacked control of our utilities

GOP House will never impeach their ‘Savior’

“I have absolute right to do what I want to do with the Justice Department,”

Bannon and I wish to “destroy the state”–our government: “I want to destroy regs”
FBI doing its job following Kremlin ‘advisor’, Page, a suspected Putin spy

Tillerson told the truth so the MORON fired him.

“Why are we having all these people from ‘shithole’ countries come here?
The Don admits he “makes up things”—lies

‘I’m the only one that matters’ Mob Boss, Nov 3, 2017
The Don’s enforcers lie re: contacts to Putin and list longer: Why all the lies if innocent?

GOP suppresses vote: can voters make America normal again?

Trump rated worst president we ever had; Obama #8 Reagan #9
‘I was elected President.’ (to destroy ‘the state’)
Dictator’s greatest weapon is fear: Dems are evil (TV ad)
Military moves into another cabinet seat so Iran restarts nuclear reactors

Anyone who did NOT clap for my speech is “traitorous, Yeah”



How Govt wastes our money: Naked politics at work
Why deport law-abiding entrepreneurs—dishwasher to diner owner gone: America lost.
Trump withheld or censored more records last year than at any point in the past decade. 

SCAMS:
What happens when two lying B.S. artists get together to talk?
            NRA made offer he can’t refuse. Mob money to mobster. ‘Let them kill kids!’
            Will killing the killer bring back 17, deter next sick killer or parents feel good?
            Student #1 injured from IN-SCHOOL gun-packing teacher—police state is bad.

"I’ve never been in a situation when I’ve been asked to ignore the facts because it was   more convenient,” ICE James Schwab.

Jobs:
Some Trump steelworkers will lose jobs not gain from tariffs. Overall net loss to America


Who owns your account now?

Big banks are again free to bring down the economy and financial infrastructure. It costs             US $29 TRILLION in the 2007-8 bailout. We gave $ millions to foreign banks.
Miracle:
Meet your soul-mate as avatar in internet game. Play the game for the rest of their lives.

Porn star ‘search for the truth ’shames President: money back guarantee for services.

Dems beat Trump’s candidate again—in deep coal PA—overcame 20 pt GOP win and            Pelosi image and abortion and gun ban and ‘left hates Trump and God.’

IAN
41 Watchung Plaza, B242
MontclairNJ 07042
973.746.2014
Alert

No comments: