How much do lower fees really help us reach our goals?

How much do lower fees really help us reach our goals?

Vanguard just lowered the minimum for us to qualify for lower fees on funds. Many brokerage firms are cutting fees. Does a low fee really matter over the life of a retirement fund? The comparison is simple: $250 a month $3,000 a year for 34 years at the average earnings of the S&P 500 index (11.06%) is $1.1 million. We pay .04% so we net about 11% a year on average. If we deduct 1% from our earnings, we have only $863,483 or $247,517 less. That is 22% less. If you let your advisor manage your account, you earn only 3.79% for 34 years according to Dalbar’s survey of actual investors. That means the trading and market timing will cost you $902,930: $1.1 million (you could have earned) minus $208,070 (your earnings). Will you drop your advisor in order to make more money for retirement? We follow Buffett’s advice.

Use Warren Buffett’s strategy: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Are small business deductions right for you?

Many Americans are turning to creating a business out of their part time and sometime work schedule in order to help their family survive the increasing costs of living. Wages have been flat since the 1980s for many middle-income workers and it makes sense to pay as little tax as possible. A quarter of workers make less than $10 an hour, putting them below the federal poverty line. Meanwhile the top 1% owns 40% of our country’s wealth. Following The Leader’s example, many are able to actually reduce their regular W-2 income for tax purposes. The GOP has provided another incentive: an extra 20% deduction from net profits. Just follow the deductions here:

https://smallbiztrends.com/2016/02/top-tax-deductions-for-small-business.html. A special for Uber/Lyft drivers is deducting the ‘snacks’ you provide in your car. After you take all these legal biz deductions, take another 20% when you qualify. You may not be able to reduce all your income to negative for years, like The Leader, but at least you can add income without more taxes.

Take your tax credits:  https://www.amazon.com/Tax-Credit-Class-your-credits-pay-ZERO/dp/1539462382

Why are we subsidizing GM? Trump threatens to cut subsidies to GM

Is America a Socialist country? When our tax dollars are paying a private company to make a profit, How is that different than in China, Russia or Cuba? How much of our tax dollars are going to GM and other corporations so their CEOs can receive multimillion paychecks? And some profitable corps don’t pay taxes—even with the tax cuts! How socialist is that? They receive subsidies and don’t pay taxes and yet buy expensive planes and toys for their CEOs. Sounds like a ‘welfare queen’ to me.

Avoid paying their subsidies: https://www.amazon.com/Americas-Socialism-for-Rich-little-people/dp/1535218584

Do you need a REAL middle-income tax break?

The REAL tax break from the GOP and Trump is the removal of the income cap on conversions from traditional IRAs to Roth IRAs. The 1.6% income increase for the average household earning $50,000 to $75,000 has been eaten up by tariffs and health care costs. Compare the $thousands you save in taxes during retirement when most of your income is tax-FREE and you no longer have to take taxable RMDs from your IRAs. For many, the elimination of tax on IRA distributions means their income can continue to grow after 70 ½ AND they will pay less tax or nothing on their SS benefits.

Keep your taxes low for life: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

NY requires insurance agents to give us the best deal ‘fiduciary duty’

The New York Department of Financial Services issued a final regulation in July that is set to go into effect in August 2019. The rule requires that "only the interests of the consumer" be taken into account when making an insurance sales pitch, and compensation to the agent or broker is only permitted if it "does not influence the recommendation." "Thus, this regulation effectively requires the agent to become a fiduciary to the consumer." Agents and their association claim they can’t make a living since they are acting for insurers, not us. But insurers know the fiduciary rule is best for the industry long-term and also know agents will continue to sell their products including high-cost annuities.

BEWARE high fees: https://www.amazon.com/Fiduciary-Rule-BEST-dont-overpay-anymore/dp/1530980275

Corporate management uses life insurance to avoid taxes

Insurers sell a special policy that works tax miracles for business owners. Their corporation makes contributions to the plan.  Rank and file employees do not get any benefits. The contributions are tax deductions to the corporation. The contributions go to fund life insurance whose beneficiaries are designated by the owners. The principals are able to access the cash surrender value of the insurance contracts tax free. The beneficiaries do not recognize any income. Perfect scam: owners pay less tax and get life insurance benefits for free. CSV can be security for purchases and loans.

Use the Trump Tax Shelter:  https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

****************

Make America, “The Don”, Great Again

Senile Psychosis

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

McGahn is ‘lodestar’: Told Trump ‘NO’ - saved Mueller!

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

“Our debt rose $2 trillion under Trump: total $21.7 trillion.” 10% in just 2 yrs.

We are building more concentration camps for children/teens using unchecked guards.

SCAMS/SPINS:

DO NOT READ this report: Trump does not want you to read his report--future climate.

“Trump Foundation functioned … as checkbook for business/political interests.”A crime.

Public hanging supporter gets endorsed by The Leader. MS voters go for racist again.

Trump’s child separation plan may be America’s 2^nd worst crime against humanity. Nazis

Trump’s army used pepper gas on the woman/children: ‘you could put it on your nachos’

“If they have to, they’re going to use lethal force,” Trump told reporters

Trump thinks he is too smart to believe in science of CO2 and ocean levels at MarLargo.

Trump’s bank raided by police for money laundering: Find the hidden Trump ledger?

TrumpCare junk insurance will bankrupt us again. This was story before ObamaCare.

Trump lawyers talking pardon for confessed criminal Manafort --Don says not involved

Is one emotionally distressed man’s gut leading America into oblivion?

BEWARE: Genetic testing result not always mean what it says

Family & Relatives at risk in nursing home when businessmen buy it. Profits for bedsores

2 scientists claim just one “Adam and Eve” started life. Pigeons & humans same DNA.

David Fagenson caught making unsuitable trades for seniors: huge profits

Scott Newsholme NJ caught forging signatures & tax returns gets 8.5 years jail.

Frank Dietrich caught selling notes in real estate Ponzi scheme loses license.

James Polese MA caught taking client money in wind farm fraud gets 5 years jail.

Raimundo Atesiano Police Chief got his men to frame innocent people got 3 years jail.

Eric Landis VA caught promising microcap promotion scheme by pump/dump trades.

Payless shoes proves we are gullible buyers of hype just like financial services.

Bernard Ogon MD HealthRight caught selling bad pain cream/supplements for $7,600.

BEWARE: New ‘car’ buyers—GM, Ford Fiat may not support CARS in future.

When everyone has a gun, how do police know who to shoot? Target: gun & black man

----------------------------------

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.

----------------------------------

Jobs:

Tulsa will pay you $10,000 to work there. Bring computer!

GM closes 5 plants: few cars to produce—15% of salaried workers.

Make a fortune selling the RED Melania Christmas trees at the mall! Tax dollar at work.

Who owns your account now?

Over 40% of voters said healthcare was the top issue ahead of immigration and economy.

Always appeal your health care treatment denial—Insurers don’t like paying claims.

Miracle:

Vaccine for Alzheimer’s?  Trials offer promise.

Two officers refused Chief’s orders to frame innocent people were heroes

Muslim Americans raise $240k for victims of synagogue shooting

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

Compound interest provides $1 million

Can compound interest provide a $1 million retirement?

Are you saving and investing at least $250 a month in your retirement at work (401k, 403b) or IRA on your own? Are you putting most of the money in low-cost stock mutual funds? The other variable is time. Compound interest works when you have time on your side. It takes about 33 years ($250 a month, $3,000 a year) with total contributions of only $99,000 to reach $1,000,000. Even if you begin after age 30, you can still have much more than almost all your neighbors. According to Warren Buffett, “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” Mr Buffett recommends we use low-cost funds like those at Vanguard. He confirms that compounding works over time if we do not try to time the market or trade the ‘hot’ securities. Look at any 33 year period of stock earnings. You earn 10-12%: http://www.moneychimp.com/features/market_cagr.htm. Go with Buffett’s ‘Secret’.

Forget brokers/advisors: https://www.amazon.com/Warren-Buffetts-Investment-Secret-Steeple/dp/148418980

What about ETF up 35% this year?

What are the gurus and TV marketing people so happy about? Your plain low-cost broad market index that Buffett recommends is flat for 2018. So what can financial people talk about? How about gold (JDST): Return year-to-date: 48.79%; One-month return: 28.66%. But after you look further, the three-year return is -77.62%. Natural gas? (UGAZ): Return year-to-date: 51.62%; One-month return: 22.37%. But three-year return: -51.43%. How about muni bonds (EVLMC)?: Return year-to-date: 100.76%; One-month return: 0.11%. No track record for a three-year return: N/A. So what about Treasuries (DLBS)?: Return year-to-date: 37.96%; One-month return: -0.74%. Not much better than your bank savings account in three-year return: 0.24%. 500 Index (VFIAX)?: Return YTD: 3.83%; 5 year: 11.3%; 10 year: 13.22%. Salespeople always have ‘shiny objects’.

Buffett still has the edge: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Do you need a REAL middle-income tax break?

The REAL tax break from the GOP and Trump is the removal of the income cap on conversions from traditional IRAs to Roth IRAs. The 1.6% income increase for the average household earning $50,000 to $75,000 has been eaten up by tariffs and health care costs. Compare the $thousands you save in taxes during retirement when most of your income is tax-FREE and you no longer have to take taxable RMDs from your IRAs. For many, the elimination of tax on IRA distributions means their income can continue to grow after 70 ½ AND they will pay less tax or nothing on their SS benefits.

Keep your taxes low for life: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Health ins plan scams prey on the most vulnerable

“You can now get a great insurance plan at the price you can afford. We make it hassle free to sign up with the policies from Signa Blue Cross Etna United and many more. Press one now to get a hassle free assessment or press two to be placed on our do not call list. Thank you and it’s always be happy blessed.” Criminals promise inexpensive health care plans and take personal information that’s used to commit identity theft. In another version, victims are sold useless healthcare discount plans that scammers frame as cheaper than the consumers’ current health insurance. A Florida-based company named Simple Health Plans allegedly collected $100 million from tens of thousands of victims, Federal Trade Commission lawsuit.  Consumers paid up to $500 a month for a relatively worthless product, the agency said.

It is easy to be fooled: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Do you own the absolute WORST funds?

Why do people pay much more for exactly the same commodities as others? Convenience? Inertia? B.S.? Misleading benefits? Some advisors are charging 2.33% for the same product as others charge 0.00%. Is that a ‘loss leader’? Sellers need to make something in order to compensate for time spent on other services they say. State Farm charges 1.34% for their plain 500 index fund. Do their customers believe they are buying an insurance product? Many insurers seem to be enjoying this extra profit. Perhaps customers are finally getting the message—net flows are negative for 3 and 5 years. Customers who feel more informed have chosen to separate financial providers/vendors. Vanguard, not brokers, offered the index in 1976 for less. It is now the largest mutual fund firm for a reason—costs matter. 11% vs 3.79% return on your money is huge.  

Go with the pro: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Another way the ‘Tax Credit’ class avoids paying their fair share

The IRS just issued proposed regulations stating that there will be no clawback of the use of any unified credit (gift tax exemption) before 2026 when the lifetime exemption will revert from $10 million to $5 million. Wealthy taxpayers may safely use the current $5+ million excess and, if death occurs after 2025, still have $5 million for estate tax purposes, thanks to the millionaire Congress. Similarly, a taxpayer could make a taxable gift now of $11.18 million without concern that there would be a phantom estate tax on their death after 2025. Passing on $11.18 million tax-free allows the kids to get the ‘head start they really need’? to create their own tax-advantaged business.

Use your tax credits too: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

****************

Make America, “The Don”, Great Again

Senile Psychosis

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

McGahn is ‘lodestar’: Told Trump ‘NO’ - saved Mueller!

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

Trump’s stunt over: 5,800 troops not home for Thanksgiving. Cost us $220 million.

SCAMS/SPINS:

RoboCallers index: Top 100 callers by volume https://robocallindex.com/top-robocallers

Health ins plan scam: Simple Health Plans FL promised one of Trump’s ‘great’ plans.

Hackers control your pacemaker? Any electronic implant can be controlled by others.

First Choice Healthcare Solutions caught ‘pump and dump’ stock scam: $12.5 mil lost.

Elite Stock Research caught ‘pump and dump’ stock scam: $10. mil lost.

Giga Entertainment caught paying others to pump up sales software on Apple Store.

Check food: banned flavors--methyl eugenol, benzophenone, ethyl acrylate and pyridine.

Ford’s robot cars: “When we take the road, we know what doing and where the profit is.”

Trump attacks another distinguished patriot: draft dodger says he could have done better.

Cheryl Ann Stallings caught controlling client bank accounts for profit

Kimberly Pine Kitts, MA caught stealing $3 million by forging signatures etc.

Scott Newsholme, FL caught stealing $3.1 million by various fraud: jail 8.5 years

Waddell Reed caught loading its 401(k) plan with costly in-house investments. Fine only

H. Beck MD caught allowing sale of unsuitable L-share variable annuities/riders. No jail.

Trump’s mob using private email accounts too—lock them up too? “ijkfamily.com” 

Trump ordered Justice to prosecute 2 rivals just like tin dictator—McGahn said “no”

The Don SAYS HE'S MOST THANKFUL FOR HIMSELF ON THANKSGIVING

Is there really a ‘master race’ in Kansas? Dorothy found out our Wizards are frauds!

IRS audit? agents for criminal investigations dropped below 2,100—Lowest since ‘60s.

When everyone has a gun, how do police know who to shoot?

----------------------------------

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.

----------------------------------

Jobs:

Give Trump a rake and help CA firefighters. Like his ‘health care is easy’ solution.

Who owns your account now?

Avoid mistakes like these in passing on your accounts and assets.

Need your IRS tax file? https://www.irs.gov/individuals/get-transcript and help to file.

Major airlines may owe you money from overcharging conspiracy.

Foxconn coned WI into $4.1 BILLION subsidy: now orders down but taxpayers billed.

Miracle:

Where is the miracle that stops mass killings? More crazy people or mass destruction weapons?

20 million more of us have health insurance than in 2010! 28.5 million still not covered. We can do better: All the children in New England are insured. 

We fell 84 floors in broken elevator -- lived to tell the tale: Grace of God? 1 good cable?

“Mick and I live off of this fire between us” New rule: work past age 75 for a grand life.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Is the Roth 401k right for you?

Is the Roth 401k right for you?

Over 70% of defined contribution plans allow retirement investing designated a Roth. More plans are offering higher matching contributions. More plans are REDUCING the number of options so you can make a better choice of long-term investments. Using the Roth tax-advantage means you can spend your entire retirement fund—no taxes. For those who can’t put much into their plan, this may not seem much of a benefit since they may not have enough income to cause an income tax bill. However, if you have a family income over $100,000, you will definitely benefit from the Roth tax shelter. Yes, you pay income tax now on your current income but the Roth advantages can be astounding. Investing just $250 a month from age 30 or a total of $99,000 ($3,000 a year X 33) and you will have about $1 million—all TAX FREE. You follow Warren Buffett’s strategy—buy and hold a low-cost stock fund. You do nothing else—market timing or trading funds only hurts your compounding rate.

Your tax shelter: https://www.amazon.com/Buffett-Strategy-854-000-not/dp/1978481020

Charity deduction may take some planning

With the standard deduction at $24,000 for many couples, you may not use your giving deduction as in former years. Some planning—put 2 years of donations into 1 year to take the deduction—may make it possible. For those with itemized deductions over the standard, you can now up the donations and give up to 60% of your income. Gifts other than cash can create a donation deduction of the item’s fair market value. The IRS actually demands receipts when a donation is more than $250. In some cases, appraisals also are required but in most cases, the receipts are for your records only. Larger amounts may trigger an audit and the receipt is required. For instance, one client gave a motorized wheelchair to a hospital and got a receipt for the current fair market value or $900 about half the price they had to pay.

Use your tax shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

What is your broker/advisor selling?

Can you tell when your salesperson is right about the market? What are the risks in market timing, puts and calls, options of any sort? Can your salesperson really predict the future? Why are brokerage recommendations wrong more than half the time? Does market research really help your guru newsletter? Does it really have an audited true positive track record of getting you out of the market in time and back in when it is safe? So why does Warren Buffett’s buy and hold beat the hedge fund manager who uses 5 different strategies? Are salespeople helping you get rich or just getting rich themselves? Did you ever compare your total return over time to a low-cost buy and hold strategy? The average advisor-assisted investor earned just 3.79% over time compared with a low-cost market index fund of 11%. Is this strategy better for you: http://www.saferchild.org/power/

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Is legal guardianship right for you or your family?

What happens to you or your family member when their memory starts to fade? When you or someone in your family can no longer care for the person with diminished capacity, what can you do? A court-ordered guardianship can shatter their life. This form of control can lead to the isolation and exploitation of older Americans. For full guardianship, a judge transfers the individual’s civil rights — including the right to sign contracts, make medical decisions, and choose with whom to associate and where to live — to the guardian. If the guardian is a company or poor relative, things can go wrong fast. Some states don’t maintain regulations that assure that guardians act in the best interest of those in care. Since there is no oversight except a court judge, financial and emotional abuse is common. Fixing problems can be a daunting task especially if caregivers are apart physically and legally. You may be fighting a company with the legal rights over a person (and their resources) who can no longer make decisions. AARP has provided an example that must give every caregiver pause.

Discuss a plan earlier not later: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

Are Suze Orman’s legal documents right for you?

The so-called “America’s personal finance expert” wants to sell you the wills and trusts she claims you need to “protect every aspect of your financial life.” And you receive a $2,500 value for only $63! Since her ad appears in AARP material, I assume AARP receives payment for the sales like they do from Hartford Auto Insurance and other vendors. But is just filling in a form online really all you need to ‘protect every aspect’? You can ask questions but are lawyers giving you the right answers? It looks like some customers are having technical problems. Some reviewers seem to disagree with her trust advice. Also, remember that most people have their largest assets in a form that avoids any of the problems this non-legal ‘expert’ cites. Your home is usually held jointly. Your pensions and IRAs are already protected and go to the joint owner and beneficiary automatically. Before you pay $63 ask your other advisors about this kit. Compare other options like LegalZoom and NOLO. Suze is a marketing genius not a lawyer.

Plan your retirement spending well: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Most affluent people do NOT know what to do with their RMD

A study of affluent savers finds that 80% do not need this retirement money for their everyday needs. They are not clear on the options for this money after they pay tax on it. Fact: At age 70 1/2, you must start taking required minimum distributions (RMD) from your 401(k)s and IRAs whether your need the money or not. That was the 401k bargain:  (employers stopped funding company pensions): You could save for retirement without current taxes on contributions. The IRS now wants its tax money and you must treat your annual 3-4% RMD as regular income. Up to 85% of SS benefits are taxable depending on your other income. So, what to do with the money you don’t need right now. You can’t make tax-deferred contributions anymore even if you are still working. After you pay the tax, how can you avoid paying tax on future growth if you chose to invest the money? Can you donate the money and create an offsetting deduction?

Consider all the options: https://www.amazon.com/What-do-with-your-RMD-much-spend/dp/1718946716

****************

Make America, “The Don”, Great Again

Senile Psychosis

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

McGahn is ‘lodestar’: Told Trump ‘NO’ - saved Mueller!

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

$2.8 BILLION for 44,000 immigrants in concentration camps. Worse than WWII.

We just gave Amazon $1 Billion in tax benefits—when will we start paying more?

SCAMS/SPINS:

Trump’s press conference: a waste--It’s just propaganda ‘big victory’? Really!

CA victims get no more help from Trump—fires are state’s fault.

Trump named Whitaker AG ‘I know Matt Whitaker’—‘I don’t know Matt Whitaker’

Trump ends First Amendment for CNN: Like Nixon to Post, CNN barred from WH.

FL Gov seeks to give police custody of election, exclude ballots. Dictators do this.

GOP campaigns and committees spent $3.2 million at Trump properties.

Vitamin D does not help most people avoid cancer or broken bones.

$15 million is why you should always contest insurance denial—Aetna reckless disregard

Commonwealth Financial caught overcharging investors via mutual fund share classes.

WI school students learn Nazi salute

GOP always claim fraud when votes have to be counted again. Do votes mean anything?

Joseph Meli NY caught promising big profits reselling event tickets gets 6 years

Your brokerage may be raising your fees to pay for price quotes from the exchanges.

BEWARE: Scammers are going for business owner’s assets—protect yourself.

Maksim Zaslavskiy NYC caught promising high returns from virtual coins-real estate.

IRS special agents for criminal investigations dropped below 2,100—Lowest since ‘60s.

When everyone has a gun, how do police know who to shoot?

----------------------------------

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.

----------------------------------

Jobs:

Young criminals paid to NOT shoot other young criminals: Universal salary?

Who owns your account now?

Disaster victims tax filing for 2017 extra time filing closes Nov 17.

Medicare Advantage: Big promises but few actually receive the bonus benefits on TV.

Our SS account has other benefits. https://www.aarp.org/retirement/social-security/

Your pension: BEWARE: Religious institution pensions can be cancelled any time.

Northwestern to return premium overcharges to policyowners. 

You can add to your employer’s 401k after age 70.5 but not to a regular IRA. OK to Roth

Miracle:

We need immigrants to keep culture alive!

Trump judge gives CNN back the WH press pass—Don, everyone has 1^st Amend too.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

More kids; less tax in 2018

More kids, less tax in 2018

Yes, thanks to some Congressmen, the credit against your taxes increased from $1,000 to $2,000 per child. Children under age 17 at the end of the year and dependents living with you for six months count. BONUS: Up to $1,400 of the credit can be refundable for each qualifying child—you get a refund even if you don’t owe any tax. See your preparer or Publication 972. Despite Rubio posturing, not many will actually receive the refund.

Birth day of December 31 counts for $2,000 credit.

Is stock trading right for you?

One study says 8 in 10 traders (NOT investors) end up losing money within 6 months. Trading options can magnify the loss. Another study indicates a large prize lottery opportunity cuts the number of traders significantly. Trading is more like gambling in that no method of analysis provides a high probability of trading success. Unless you have insider information on a company, there are simply too many factors in determining the growth potential of a trader’s bet. One of most respected analysis of trading is by Charles Ellis in Winning-the-Losers-Game-Strategies-Successful. So why are so many people offering trading secrets, courses, websites, strategies and TV opinions? Simple, they want to make money--be rich. If any of these people had a successful system, don’t you think they would be home in their PJ executing it with borrowed capital (margin account)? Yes they would. The most successful investor today advises that we use low-cost funds. He says buy and hold them--forever. Don’t sell when the market tanks. He proved his advice recently by winning a bet with a hedge fund operator using 5 different strategies.

https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Who makes decisions if you aren’t able—accident can incapacitate

You are out cold from accident. Doc tells your family you need a risky surgery but your sister nurse says maybe not. Who decides? You could prepare a directive in advance. Who gets your dough if you don’t make it? Will your family share half of all you own with the Feds? A little planning goes a long way. The myth that you will die quicker if you think about your death is because people worry about this stuff too much. Anxiety and stress can eventually kill. Plan like you are going on a long trip. Then be happy and enjoy—you got it all covered! Sign your directive now.

‘Shit happens’  https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

Is the miracle of compounding working for you?

What is it? What else can you call it but a miracle? You save $250 a month for 33 years or a total of $99,000 ($3,000 a year X 33) and you have about $1 million. Check it yourself: http://www.moneychimp.com/calculator/compound_interest_calculator.htm. You do nothing else--no broker, no advisor, no trading, and no market timing to lose your money. You follow Warren Buffett’s strategy. The largest low-cost mutual fund company (Buffett’s preference) will debit your checking for $250 so you don’t miss a month. They invest it for you at ultra low fees in a tax-free account. Totally ‘hands-free’ $1million.

So simple; people don’t do it: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

How are you preparing for the downturn?

Advisors get paid, not to make you money, but to keep you from creating a disaster in your portfolio. Every advisor with the fiduciary pledge will keep your portfolio diversified. Depending on your age, most advisors will have your stock/bond mix lean toward stocks when you are younger (60-40%) and bonds (40-60%) when you are older. Timing the market is a fool’s fantasy. Day trading is the easy way to lose money. The average brokerage investor using an advisor earns only 3.79%. Since the most successful investor today advises that we buy and hold low-cost funds, you may skip your financial consultant and just buy and hold the most rewarding funds over time. Which ones? Well here is a list: https://www.businessinsider.com/forgetful-investors-performed-best-2014-9. My friends and I, formerly in the business have worked with clients that pick a diversified balance of securities: The Ten Best funds for the long term. Never sell on a downturn.

Prepare now: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Another method for the rich to avoid paying taxes

Business owners can take advantage of the 20% pass-through deduction for qualified business income (QBI). However, some owners will have to create or fund a defined-benefit plan for their business. In other words, in order to avoid current taxes, they will need to declare LESS income by putting their profits into a pension plan for retirement. They may have to live on much less to get this benefit. Example: An owner with taxable income of $500,000 can’t claim the QBI deduction. However, after making a $200,000 retirement contribution through establishing and contributing to a tax-qualified defined benefit plan, taxable income would drop to $300,000 and they could claim the QBI deduction. They might take a loan from their plan if they need more income in their next fiscal year. We only have one way to avoid paying taxes.

Use your tax shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Employee buy-out: How do you decide?

This is difficult decision that lasts 20-30 years—for the rest of your life. Each of us will have different factors to consider. Each offer is packed with details. Who can help you decide? We go to a fixed-fee planner so our professional CFP is not tempted to promise THEY can beat the payout of a fixed guaranteed pension by managing the lump-sum option. On the other hand, if you have other income assets and can use a big payout now for a retirement home, etc, you can relax. Or do you need the guarantee? Other factors: employer solvent, advisor solvent? Employer buying an annuity at today’s low rates? You can always buy annuity later when interest rates go up. Does pension have cost of living increases? Money loses HALF its purchasing power in 20 years. Will the advisor’s fees and costs eat up the lump-sum? What is advisor’s plan to provide increasing income for BOTH of your lives? Do you need cash now for heavy health care costs? Would your family handle a pot of gold well? Plan all retirement elements carefully.

Consider all options: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

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Make America, “The Don”, Great Again

Senile Psychosis

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

McGahn is ‘lodestar’: Told Trump ‘NO’ - saved Mueller!

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How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

Gov OK with new drug 1,000 times more powerful than morphine: more addict’s rehab.

$200 Millions for 15,000 troops: political stunt resented by US generals: Dictators do it.

Over $95,000 for ‘freshening’ up in Cairo by Lady Trump: it was ‘only 6 hour’ stay.

Ivanka gets China profit deal instead of tariff lifting deal—family over country?

AZ govt still trying to discriminate by age: Firemen can’t lose jobs, Supremes say.

NYC pensions earn less than HALF 2017 market rate yet pay risky advisors $1 Billion.

SCAMS/SPINS:

Is Health Care for All a winning formula for Dems? Many Americans are for it.

Financial advisors caught selling most expensive fund shares: SEC fines

Sonya Camarco CO caught stealing $1.8 million from clients—female gets 20 years.

Douglas Simanski, PA caught promised ‘tax-free’ fixed income ponzi: fine, no jail

Rapper T.I. caught cryptocurrency pump-and-dump scheme: promised 24,983% return.

Simple Health Plans FL closed for selling junk insurance promised comprehensive care.

Mat Whitaker, Trump’s new AG from firm stealing $26 million bogus patent scheme.

Nomorobo, hung up on more than 850,000 health-related robocalls in October alone. 

WellsFargo foreclosed on your mortgage by ‘mistake’? Blames computer; lawyer fees. 

WellsFargo knowingly overcharged on auto insurance since 2012 No jail time for execs.

Driver-less car hits motorcyclist: ‘AI Owners’ blame other ‘driver’ for mistake?

TrumpNews agrees that media reporting is ‘fake news’ when it does not praise Trump.

Trump’s idea of armed guards to stop mass killings NOT possible—experts agree.

How many must die daily (1,123) before we ban assault weapons of mass destruction?

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The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.

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Jobs:

Trump Iran sanctions are B.S.: Jobs not lost—everyone got waiver and can buy oil.

Consider home health-care workers if pay increases due to shortage.

Who owns your account now?

ObamaCare subsidies help you buy real coverage; TrumpCare not cover pre-existing

Clarfeld Financial  to Citizens Financial

4% CD is back: hold your cash in secure account and wait for higher rates. Join for $8.

Miracle:

Immigrant’s Falafel House named ‘nicest places in America’ Why? “I always invite anyone who hates us to the store.”

IAN

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Montclair, NJ   07042

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