Warren Buffett, smartest investor of our time, says
investing is simple
Warren Buffett, the most successful investor of our
lifetime, just proved that there is only One Decision you need to make to reach
your lifetime goals. He
bet $1 million on a One Decision strategy against a Wall Street guru with 4
different strategies.
He beat them all. It is simple, he says. Buffett
thinks the wealthy don't follow his advice because they think they are smarter
than everyone else. But a business person realizes that it is impossible to
pick the next Apple or Google. Just like most people know they will not win the
lottery no matter how many tickets they buy. But they still do it. They don’t
know that as little as $9 a day $250 a month, invested over time, can produce
$1million.
Take the Buffett way: https://www.amazon.com/One-Decision-Investing-Buffetts-strategy-ebook/dp/B07FRMRC7F
New ways the wealthy avoid their fair share of taxes
Though President Trump’s tax law increases the
amount that can be passed to heirs, these thresholds expire in 2025—if a new
federal administration doesn’t change them first. Wealthy people might look to
longer-lasting vehicle to pass on wealth: dynasty
trusts. With a dynasty trust a taxpayer transfers assets to the trust. The
trust assets move from generation to generation with no corresponding payment
of taxes. America
ends up with a class society even though the upper class hates to admit it.
Since the trusts can foot the bills of the next generation without taxes, we
have to make up the loss of govt revenue since the rich use the courts, police,
military, roads, airports, etc. As long as the estate tax and generation-skipping
transfer tax GST lifetime exemptions of $22.36 million per couple are
applied to the assets placed in the trust, the assets and their growth are out
of the estate of the grantor and they can pass to multiple generations free of
taxes.
Use your tax credits to avoid paying their tax: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Is your advisor like UBS with $2 million minimum?
Since advisors cannot promise or actually provide
recommendations that make your portfolio compound at 11% over time, you may be
using your person just for the prestige factor. Most big full-service firms
charge too much to give you outstanding returns on a consistent basis. You
could just buy Warren Buffett’s stock and earn 19% per year.
Several
of the super rich have done that. If your advisor is trusted to give you
advice on all financial matters, including retirement income, make sure they
are accounting for both income and growth
for many years. Inflation is the big problem as you spend down your RMD and
other funds. Unless they are themselves retired, they don’t really know how to
assure income and growth for 30-40 years. Bonds and annuities are not enough.
Is a Medicare Advantage or Medicare supplement plan right
for you?
Medicare Advantage plans, or Part C plans, are comprehensive
benefit packages offered by private payers and funded by the Medicare program.
Medicare Advantage payers may also offer plans that include additional services
or benefits to members for a higher premium. These private plans receive a set
amount of dollars per beneficiary to provide health plan benefits. They may
also offer other benefits for extra premium. It is possible to have no out of
pocket expenses with some of these plans. They sponsor various types of health
plans including HMOs, PPOs, private fee-for-service plans, and HMO point of
service plans that offer out-of-network services for slightly higher costs.
Medicare Advantage plans can provide special needs care—Medicare/Medicaid, acute settings, and high-cost chronic conditions. Beneficiaries need to be eligible for Medicare Part A and Part B. Medicare Advantage members can have Part D coverage.
Medicare supplemental insurance, or Medigap plans, are health plans sold by private payers to help cover copays, coinsurance, or deductibles not covered under Medicare insurance.
Medicare Advantage plans can provide special needs care—Medicare/Medicaid, acute settings, and high-cost chronic conditions. Beneficiaries need to be eligible for Medicare Part A and Part B. Medicare Advantage members can have Part D coverage.
Medicare supplemental insurance, or Medigap plans, are health plans sold by private payers to help cover copays, coinsurance, or deductibles not covered under Medicare insurance.
Buy only what you need: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
Is the new GOP savings account right for you?
A House bill with tax cuts for the wealthy has been
sweetened with a new
tax-free savings account for the rest of us called, the Universal Savings
Account. This account is intended to help those without enough income to pay
taxes. It is great for tax-free earning: your money grows without taxation. You
can contribute up to $5,500 after-tax each year, and use withdrawals for any
reason at any time. Funds can be invested in bonds and equities, and those
earnings grow tax-free. Withdrawals are tax-free and can be recontributed. Contributions
are not tax deductible like a Roth IRA.
Most Americans lack the recommended savings level of three
to six months of income. This issue is compounded by stagnant wages and a weak
job market for unskilled older workers. GOP says this flexible saving
account option will encourage savings. Actually, the tax
cuts for the rich portion of the bill will cost savers in the future.
This account may be perfect for some savers but those who
need to save usually do not have enough income to let savings grow. A Roth 401k
or IRA provides the same tax-FREE benefits. A regular IRA allows savers to
deduct the contributions to lower taxes.
Find the right plan for your needs: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938
Another tax cut benefit for the wealthy
Inside the Trump giveaway is the ‘Investing in Opportunity
Act’ which claims to attract massive amounts of cash into impoverished
neighborhoods by offering wealthy investors and their corporations a chance to
cut their taxes even more. Each state makes “O-zones” which allow investors
with tons of taxable gains to erase the taxes and make the profits tax-FREE.
That means unlimited tax write-offs for fed, state, local taxes. As you can see
even in expensive Manhattan,
the wealthy can avoid 20-40% taxes. The wealthy don’t even have to get their
hands dirty themselves. A developer like Trump and friends takes the investment
funds to renovate/rebuild/reinvigorate/rehab/re-etc etc. Trump and friends end
up with no tax on their project which could provide profits for ever or for
sale. In all, the wealthy receive 3 THREE tax breaks. See
the examples here.
You can use your tax break: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
****************
Trump
now Anti-American: “treasonous”
secrets to Putin
Trump wants to do away with due process and other laws dictators don’t like.
In Banana Republics there are only owners and wage earners:
tiny middle class
Middle class shrinking: wages for ‘nonsupervisory’ jobs falling even in great
market
Wages gains
are eaten by higher prices: All
gains go to corporate owners
After large tax cut, workers' share of corporate income less than in 1958
Men
are no longer in the workforce. 31% vs 14% in 1950 are not contributing.
Number of products NOT made in America is growing: cheap
labor, automation
Workers borrowing more to live on: personal loans up
18%; 23% rate is common.
Trump
for Totalitarianism: What can I do? Putin
denies helping me win: but ‘I need him.’
Senate
resolution bans Trump from giving ambassador to Putin for 3rd
degree.
House Intel
Com: stop
using electronic voting machines—Putin has voter rolls.
************************
How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!
Trump is selling his booty from WH: whitehousegiftshop@whitehousegiftshop.com
Trump
allows Putin to hack our utilities: He ‘could throw switches’ anytime.
National Socialism: Farmers
on welfare from GOP – Lobby is strong; profits assured.
NEXT: Auto, appliance, coal, oil,
gas, gun makers, whisky, nail makers
Welfare
for mealworm growers: we pay for developing mustard crickets
SCAMS/SPINS:
“I
have never been an agent of the foreign power …” “I have been informal
advisor to the staff of the Kremlin “
Trump does reverse spin: Now
Putin hacks election ‘to support Dems’ he says—Psycho!
Vegas victims shot from hotel: sued by hotel—capitalism
still alive and well—hit victims
Kimberly Pine Kitts, MA, caught stealing $3 million, forge
signature, fake annuity stmt.
nuclear
weapons plant area opened to tourists EPA: 100% safe for some humans.
Jobs:
Is your fav
entertainer earning enough? U2, Stern, Rush, Swift, Phil, Fed, Kim, Jerry?
Who owns your account now?
Your broker may be going
out of business—number of firms down 29%: UBS
market?
Porsche
SUV (sports car or wagon) add big screen TV to new model???
Miracle:
Conservative GOP advisor explains why he
wants Obama back!
Americans on plane overhear teacher describe need
for student supplies: $500. No taxes.
IAN
41 Watchung Plaza, B242
973.746.2014
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