Is portfolio re-balancing right for you?

GOP against lower drug prices but supports buying profit companies

Most US drugs cost 50-100% less for families in Canada and Europe. Some in Washington want to link some U.S. drug prices to the lower prices paid overseas. However, the drug industry and many Republicans taking their ‘gifts’ see it as a price control that violates ‘free-market’ principles. These same GOP members don’t see the violation of their so called “free-market principles” in buying 30% of YRC, a struggling trucking company. GOP backed our national bank in buying the lower-rated bonds of US firms starting in May. The GOP handed $ millions in forgivable loans to private plane companies that contributed to Trump elections. GOP wants to cut unemployment help to 50 million out of work because they say it keeps them from going back to work. GOP says $600 is “too generous and provides a disincentive for returning to work.” So GOP spends our money (future taxes) on their donors’ companies, creating a socialist economy but denies the jobless a means of survival until their jobs are safe to return to work.

This is Socialism for the Rich: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584

Can Trump’s paramilitary occupy our cities to assure a Nov win?

With Trump’s unaccountable and masked paramilitary in our cities during election, can intimidation and violence scare voters into staying away from polls. They do that in some fascist countries? There does not seem to be any law or power that can dissuade him from continuing to hold Portland. He did it in Washington DC for the bible-walk PR stunt. Shooting tear gas at peaceful demonstrators in the park did not get a rise out of any law enforcement or the Congress. His own Justice Dept ‘watchdog’ is unlikely to find fault with the Boss over the invasion of Portland last month. He is the highest law enforcement actor and Commander of all the armed forces. He can just fire the ‘watchdogs’ like he did in the past. He has the money lined up to carry on a long court fight over the election results. He is invigorated by a fight. He has the Supremes primed to name him as President like Scalia did for Bush. Biden is wrong, there is no military other than Trump’s military since he is the supreme Commander. Look what happened in DC, Portland and next Chicago. He has the generals and Defense goose-stepping with him in the park after his troops cleared it. There is no one to stop him now and there won’t be on January 20. Only one brave public person has named this action: Philly DA: we have an “authoritarian dictator."

Wealthy are buying citizenships to avoid taxes and virus

Who do you think will be around to pay the new tax hikes required to pay for the huge federal and state budget gaps? Many wealthy folks are buying a way out of the current tax and disease environment. For as little as a $1.4 million you can isolate yourself and your family in a safe haven so you avoid taxes and yet can keep US military and health protection almost anywhere in the world. Like many corporate giants, you can claim your home somewhere else for certain benefits while living and earning in more pleasant surroundings. Specialty firms such as Henley & Partners, the world’s biggest citizenship and residency advisory firm, do most of the paperwork.

You don’t have to move to pay less: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Trump’s watered-down fiduciary rules hurt our nest egg

Trump changed the Obama fiduciary rule to allow salespeople to take advantage of us when we move our retirement money from an employer. Critics claim this gives us less choice but the purpose of the Obama rule is to make sure we understand what happens to our money after the excessive fees, costs and possibility of loss with some products. Of greatest concern, said CFA director Roper, is that “many rollover recommendations won’t be held to a fiduciary standard, including the vast majority of recommendations to roll money out of a plan to purchase non-securities investments such as annuities, bitcoin, real estate, gold or other commodities. So precisely where the risks are greatest and the compensation related conflicts are greatest and the sales practice standards are weakest, the ERISA fiduciary standard will not apply." The Trump rule will allow financial advisors to receive many payments that would have been restricted or forbidden by the Obama rule, including commissions, 12b-1 fees, trailing commissions, sales loads, mark-ups and mark-downs, and revenue-sharing payments from investment providers or third parties, even within qualified plans and IRAs. High-cost products rob us of up to 63% total accumulation due to the compounding effect over time.

Get the best for less: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Is portfolio re-balancing right for you?

Has your advisor or TV guru mentioned selling some of your assets so you can buy other assets yet? This is the standard procedure for the financial sales industry. Selling and buying is how the industry creates revenue. But is this strategy good for your long-term accumulation. Many studies show that it can be good or bad depending on the performance, composition and relative size of your portfolio. Selling your winning stocks or mutual funds just because at the end of the quarter they exceeded your risk percentage only makes sense if your advisor knows they will keep growing. But advisors don’t know this. You may end up losing some valuable growth because you sold too soon. Because there is no consensus on when to sell/buy assets, most investors don’t bother. Many just use a fund that moves from stocks to bonds over a longer period. The popularity of the target-date funds show this is a practical strategy that ignores the issue. Other investors use a more intuitive strategy: designate contributions to the asset class less favored. Here you would not sell your winners; you just buy more of the losers. So when stocks soared in 2019, there has been no need to sell since stocks have returned to level ground in 2020. If you had traded stocks for bonds, you may have not been better off. For many long-term investors, stocks go up and then back down on their own. There is no need to sell to correct the balance. Stocks earn 11%; bonds earn 7% over time. Simply changing the destination of the next contribution cycle will do the job of maintaining your risk appetite. The outcome produces a delightful 8% with few bad years. The important decision is cost: Morningstar study: low-cost funds beat high-cost funds in every period.

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

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

Philly DA: we have an “authoritarian dictator."

Dictator: “nobody likes me”

Dictator: “I will delay Nov election”

Fascism: Paramilitary troops sent to our cities: Chicago next

US GOP judge: Trump’s paramilitary ‘guards’ CAN terrorize citizens legally

Louisville protesters bring own ARs

12,000 troops from Germany to … Cleveland, Detroit, Milwaukee

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy! 

Cashing-in on suffering of others: Corporate Insiders Pocket $1 Billions: vaccine work?

Homeland Security destined to become the secret police: vague mission used law&order

Trump’s $1 million WALL fell as ‘the environment’ said “no walls here.”

Fed chair: Worst economic downturn ‘in our lifetime’ warrants more help from Congress

Trump to build FBI hq next to his hotel: $1.75 billion for donors from virus payments

$1 Trillion GOP Virus bill: military planes, armor trucks, helos, missiles, spy planes, war

GOP Virus bill: wealthy can make PPP loan into grant and also deduct payments as expense

Now that wealthy have virus loans/free money, GOP to shut down spending for rest of us

Wealthy take virus loan/subsidy to keep employees then lay them off: on unemployment

Millionaires decide $600 unemployment too much: Congresspeople take gov subsidies

2^nd virus check: if you don’t file taxes, https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here

Fed subsidizes capital so people who make money from money: bankers, hedgers, gamblers are riding high.

SCAMS/SPINS:

Trump: "The country is in very good shape, other than if you look South and West" 152,000 dead

Trump reverses Obama on mining in Bristol Bay salmon fishery: Army Corp goes along.

Trump mob: “kids are stoppers of disease: they don’t get it and transmit it themselves.”

Trump supporter Herman Cain at Tulsa rally, no mask: virus in 9 days, death in 30.

Trump vote-from-fear plan works: voters buy more guns – now, home tear gas launchers.

Mel’s new garden will be installed by “private” funding: virus PPP subsidy money?

Trump’s new post office head will control mail-in ballots: late votes are invalid

Reagan org asks Trump and GOP to stop using the 40th president’s name and image  

Intolerance or cancel culture: no one is listening discussing anymore; my way or highway

77 Brands of Hand Sanitizers May Be Toxic, FDA says methanol thru skin dangerous

Some biz add "COVID surcharge" to their bill: sanitize should be biz expense not mine

Coin shortage? Really, my bank won’t take coins! Some banks charge coin deposit Dah

Recall: Boeing 737 may stall in flight corroded fuel check valves been parked too long

Mark Hopkins MI stole $1.5 million promised 7% from a credit union building fake docs

AIG Variable Annuity firm stole $40 million from FL teachers steered to high-cost stuff.

Trump’s new religion/doctor: no masks, hydrochlorine, “God’s battle axe”, voo-doo

Trump will decide who gets virus vaccine first: some millions will never see it

C-19 vaccine may only slow symptoms not prevent: may only work on 50% of us.

Is it a scam?  Check AARP scamline 877.908.3360.

Jobs

Ivanka’s “find something new”: she is selling Goya beans so that job taken

Papa John’s to hire 10,000 more workers: Pizza is hot commodity

Obama to register 15 million young people for Nov

Who owns your account now?

Eviction facts: https://evictionlab.org/covid-policy-scorecard

Do other car owners hate their cars enough to change brands: Yes, Fiat Chrysler Dodge

Eight DNA Ancestry Services: The Good, Bad and Ugly

Low-cost generics from legit pharma: must pay a membership fee.

Average Age of Cars Americans Are Driving Nears 12 Years: Brand favorites

Miracle:

Baseballers kneel for BLM in opening games: Trump shocked, Fauci threw first pitch

Vaccine candidates look promising but wont’ make reality go backward to 2019.

Mom shares her good fortune and community gives back: neighbor helping neighbor

Blood test for Alzheimer’s disease nearly perfected

C-19 virus not on most mail, newspapers, packages, doorknobs, surfaces 

17 states ‘red zone’ still not following WH advice on virus case reduction

Baghdad hit its highest temperature on record: 125.2 degrees: Arctic higher too

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Is giving your 401k money to a hedge fund/private placement right for you?

Is giving your 401k money to a hedge fund/private placement right for you?

Trump has provided wealthy money managers a great new year present. With access to our $5.6 trillions in 401k money, the super rich will earn 2-4% commission/fees. They also pay less tax since they invented the offshore tax haven and contribute nothing to our way of life. They take their money OUT of this country. For us, this ‘alternative’ wealth option earns less for us. Over time their fees rob us of up to 63% total accumulation due to the compounding effect. Some pension funds with better fee deals than we can make have already dropped these investment options after losing more than a simple index fund. The SEC has already issued a warning about these investment managers. So why do some wealthy people buy ‘alts’ as they are called. Some say they are great for diversification and high returns. However, scientists who have studied their history say they are a poor investment choice even for the super wealthy. Warren Buffett beat the returns of 6 of these funds with his recommendation for everyone.

Take Buffett’s advice: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

How to deal with the bankruptcy stigma

With 50 million Americans out of work and the end of unemployment help and eviction hiatus, many working people will need to consider this strategy for a “fresh start.” Most of us consider filing for bankruptcy an admission of failure. However, the way some have gotten through it (Recession 2007-8) was to accept the reality and move forward with the positive. One client I have was over 60 years of age and had been laid off from 3 firms that closed. Even though he had much quality experience and professional degrees, he could not find anything comparable to his former management positions. He tried sales but found that that would take years to build a customer base for a decent income.

He and his wife were forced to declare bankruptcy in 2010 after trying to live on credit cards and running up debts of $231,000. It cost them a year of anxiety, near divorce and $3,000 in legal fees. Positives: No more creditors calling at all hours, multiple letters, and fear of losing all retirement account assets, cars, home, etc. They did not share the experience with family or friends so that eliminated some feelings of shame and guilt. They were able to keep all their retirement assets, home and cars. The husband started his reduced Social Security benefits. They lived on the wife’s salary. They lived with poor credit scores for 10 years and then they had to work hard to remove it from the records. I was able to help them with advice from my books, but they had to make the tough choices. The husband tried making his own business but after spending $3,000 from credit cards, he gave up. When debt is overwhelming, you must choose the “fresh start” to be able to live your life again.

You can live again: https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

Investing has been described in many ways it is not

For some folks, it is a game, a casino, a lottery, a gamble. You hear some say they ‘play’ the market, ‘bet’ the ranch, raise their ‘stakes,’ ‘hit the big one,’ make "10-baggers," and all sorts of slang. Some dream of becoming wealthy by picking an unknown stock that blossoms into a perpetual money tree. Most working people fear losing all their money in the stock market so they don’t grow their long-term savings. Others have steadily invested all their lives because their parents were regular savers too. Some people are just lucky: consider those who purchased just 10 shares in Warren Buffett’s company Berkshire Hathaway's stock in 1985. BRK is now the costliest stock in the world, with its current price at $286,899 a share. This is primarily due to CEO Warren Buffett's choice to NOT split the shares as they rise in value. He once said that keeping the share price so high drives away traders looking to make a quick buck. BRK owns many profitable companies like GEICO and stock in others like Coke, American Express, Bank of America, and Apple. Buffett’s advice for investors follows from his experience as owner NOT as a salesperson advisor/broker.

Follow the unbiased master: https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268

Why the Roth IRA may be the best investment option

Other than a legal offshore tax haven, the Roth IRA/Roth 401k are the best investment account for most people. All your earnings in the account can be spent with no income tax due. Unlike a regular IRA or 401k, you pay tax on just the contributions NOT the earnings. Assuming you are saving for your later spending years, this may provide an extra 25% spending power when you most need it. Later when you can’t work or can’t work harder, this tax-FREE income will lower your tax on Social Security benefits too. The Roth IRA and Roth 401k are relatively new so in my AARP tax volunteer time, I don’t see them very often. When I do, I congratulate that client for thinking ahead. Another fact: Income tax rates are lower now so paying tax on your contributions now can save you a bundle later. For instance, let’s say you invest $250 a month, $3,000 a year in a stock index fund inside a Roth IRA for 33 years ($99,000). Your nest will be worth about $980,000. You can spend every cent of $4,683 a month tax-FREE. Plus your SS benefits are probably not taxed. With a regular IRA or 401k, you pay 22-25% in tax on this income (including 60% of SS benefits). $4,683 minus tax is $3,512 a month or $1,171 a month less. Over the average retirement life, that is $351,000 less in spending.

https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

The stock market recovery reflects the inequality of Two Americas

With 50 million on unemployment and without jobs, how can wealthy Americans continue to support the same 2019 market level? Why are investors so confident? Where did positive 2^nd quarter company earnings come from? Wealth inequality. 10% of the richest folks own 70% of all assets. The middle class is shrinking so the top 20% own more assets than the other 80%. Since most of the market assets are owned and traded by the top 20%, it can keep going forever as long as there is confidence that their assets will grow in value. That confidence seems to come from the feeling that the US gov will print more money to bail out any large business. Jamie Dimon “This is not a normal recession.”

Our national bank, the Federal Reserve has been buying the stocks and bonds of struggling companies in this crisis. This means we, the taxpayers of a ‘capitalist’ country, are now the owners of these businesses (socialism) without any say in how poorly they are run. Investors have confidence because large companies are too big to fail. In the past if almost every retail firm was closed or severely limited in sales revenue, with millions of workers not working, the economy would be in recession or depression. Almost every store in my neighborhood has been closed or limited in traffic. Almost every family with kids has been home or working from home so we only go out for food. Yet Wall Street booms on concentrated wealth and more national borrowings. How much of American business can we afford to buy? Who will pay off our debts?

Avoid paying for the wealthy Socialism: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584

Your 401k balance is what?

Where are you compared to others by age, income, gender, industry? Don’t look at the average since one wealthy person with $ millions can demoralize all the rest. That person probably owned a company and added their lifetime profits to their 401k rollover. Not a fair comparison. For instance, the median 401(k) balance is $22,217. But a better indicator of what the majority of Americans have saved for retirement is by age.

Age                              Average 401(k) balance           Median 401(k) balance

Under 25          $4,236                                                 $1,427

25 to 34           $21,970                                               $8,126

35 to 44           $61,238                                               $22,123

45 to 54           $115,497                                             $40,243

55 to 64           $171,623                                             $61,738

65 and up         $192,887                                             $58,035

            However, a 44 year old earning minimum age is probably not going to have $22,123 in their account. You must compare income and gender to take a more realistic measure of your progress. In most cases, adding an additional 2-3% of salary a year will help because of compounding. That is the factor that helps you end up with more money without more contributions. In a stock fund, that can add another 50% to your total. Another 50% can be added by choosing a low-cost stock index fund. Check your fund costs: https://www.finra.org/investors/tools-and-calculators/using-finra-fund-analyzer. Your advisor can’t control the markets. Cost is the only factor you can control after the amount of our contribution. Over time a lower annual cost can add 50% or more.

Tune up your 401k: https://www.amazon.com/Tune-your-401k-EARN-Tax-FREE/dp/1490591028

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

Fascism: masked paramilitary occupy Portland…USA!

Unidentified paramilitary beat Navy vet  Trump’s SS?

Fascism: Paramilitary troops sent to our cities: Chicago next

PA DA: we have an “authoritarian dictator."

Mobster: ‘I can let pandemic kill more and still win election’ 145,000 +

 Our Child Abuse: children as young as 1 held in hotels for weeks

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy! 

Wealthy got virus money as ‘loans’ and now Treasury wants them to keep tax money.

Arete Financial, Ponzi scheme in fake student loan biz gets $1 million virus money

IRS delays paper return refunds: staff cuts delay enforcement too

IRS Limits Taxation of Foreign Income: wealthy entirely defer liability on GILTI income

Now that the wealthy have virus money & huge tax breaks the GOP wants to cut relief $s

Payroll tax cut only helps employed: 50 million unemployed: Did Trump pass cognitive test?

New ways wealthy avoid taxes before taxes go up: combine investments and gifts

FL teachers sue gov to stop mandated in-school return: violates safe ed. constitution

SCAMS/SPINS:

Some states see rising infection rates due to reopening euphoria and outdoor activity spike

Eviction spike in 2 weeks feared by HALF of unemployed as support ends: Congress on vacation

Ivanka and Don don’t actually eat Goya beans but need the voters who do: crude propaganda

Trump ‘comfortable’ send son/grandchildren to school but they don’t go to DC public schools

Trump’s mob does follow science out of TV view: masks, tracing, tests: just not for Americans.

Trump cancels GOP convention: reality of death gets closer to GOP: stupid but not fools

Trump happy talk not cut it: GOP finds virus, no jobs, no healthcare, no hope—reality at home

If we “cut testing money, virus cases go away by themselves”: Trump strategy for election?

Sheriff of Jacksonville FL: we can't keep the Republican National Convention safe.

TX allows new virus spikes in religious schools: they can ignore virus containment strategy

52% of cases to date in LA County have been people under 41. Young avoid warnings.

We pay $20 for vaccine but most of us won’t receive it: wealthy and pols first

Crazy GOP blames Dems for 1965 attack on John Lewis: Dems ruled South then so elect Trump?

Trump cuts anti-segregation housing rules: towns left to segregate; Make America White Again

No medical prices to negotiate: we can’t bargain lower hospital prices if prices are hidden

Luke John Flint KY caught pre-registering for a non-existent COVID-19 vaccine $100 Bitcoin

Neiman Marcus executives seek $10 million in bonuses for bankrupting: stockholders outraged

UBS diverts best muni bonds from customers to wholesalers for profit

Michael Barry Carter stole $6 million from Morgan Stanley clients: 12 years of fake statements.

Certified Forensic Loan Auditor, Lehman caught advance fees, abuse mortgage relief services

Charles Kulch MA caught unsuitable illiquid high-risk, high-commission REIT investments.

David Hu, IIG caught Ponzi scheme selling fake trade finance loans $60 million

No hassle home buyout: scammers offer immediate cash for your home: legal but big loss

State Farm caught in suit over underpayments made to 65,000 policyholders.

NRA Must Face ‘Murder Insurance’ Regulatory Hearing: coverage if NRA member kills

Is it a scam?  Check AARP scamline 877.908.3360.

Jobs

Why not fix bridges, roads, schools, etc for 50 million need paychecks?

Winn-Dixie remains firm: No masks. Employees avoid customers or quit. Two Americas

Lowe’s requires masks for shoppers but won’t enforce it so workers don’t get hurt.

Lobbyists tell Congress to exempt biz from virus lawsuits: workers/customers be d****d.

Ann Taylor, Lane Bryant, Catherine, Justice, LouGrey close some stores: execs get $5.5 millions

After Great Depression, unemployment remained above 14% to 1940. It took New Deal & WWII

Who owns your account now?

Buying a home: research the whole deal before making the deal: virus strategy

Owe IRS but can’t pay? Ask for a plan before legal action: https://www.irs.gov/payments

How to start saving money: Make Smart Decisions: Free 4 week course Berkeley CA

Free money: your PPP loan can be forgiven—easy https://www.pppforgivenesstool.com/

Miracle:

TX schools go online only: virus pandemic serious; GA gov fights to keep masks OFF

Retail stores lead fight with mask requirement: can GA shut stores that require masks?

Positive news on the virus from scientists: will Washington listen and fund real progress?

US broke single-day record new cases at least NINE 9 times in a month: getting worse!

New treatment for Fragile X syndrome a marker for autism: reduces hyperactivity 

Heparin may decoy coronavirus and can keep it from making you sick

Asteroid hit Earth killed 75% of life: volcanic eruption may have warmed Earth for life

Kanye West is looking for empathy/sympathy for rants/running for President

Trump: $20 million ready for court fight over election results: already got Supremes set

Virginia: Robert E. Lee High School set to be renamed to John R. Lewis High School.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Retirement fund catch up strategy with same dollars

Retirement fund catch up strategy with same dollars

If you feel you need to catch up with your retirement fund you are not alone. Thousands have had their accumulations stopped by the virus pandemic. Some were laid off and some had their employer 401k match stopped. With a new investment option, you can restore your retirement fund goals—and you can do it with the same contribution dollar amounts. Whether you are saving in a 401k, IRA or Roth IRA or other pension plan, the key to meeting your long-term goals with the same level of portfolio risk is cost. First, find out what you had been paying for your investment options. For example, if you were paying total commission, annual expenses and 12b-1 fees of 1%, you will end up with $80,000 less than you would if you paid HALF that amount annually. Most investors have investment options that cost less and produce the same annual returns over time. By using the less costly version, you can reach your planned end number even though you have lost some time investing. If you keep giving away that extra 0.5% to your current fund provider, you will need to add an extra $1,400 a year to reach your total target accumulation. Switch to the best low-cost funds available.

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

Is “modified value investing” right for you?

Expensive advisors at Bank of America claim their “quality plus value” approach would have led to continued outperformance after the financial crisis. Value investing has been lagging the growth style for some time. Value investing is usually means stocks that appear to be trading for less than their intrinsic or book value. Value investors actively ferret out stocks they think the stock market is underestimating. Growth investors tend to favor small, young companies poised to expand, expecting to profit by a rise in their stock prices BofA said its “quality meets value” stock screen turned up names like Intel, Verizon, Coca-Cola and UPS. But BofA is really talking about ‘blue chip’ stocks. The four examples given above are not trading at “less than their intrinsic value.” They are in most consumer and pension portfolios. Since Warren Buffett is known as a value investor, his recommendation for most investors is to stick with the low-cost index and keep the high-cost stock pickers’ fees. Plus you own these stocks via the index.

https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

We each pay $10,739 for health care so rich have the best

We spend DOUBLE what other countries spend but we get sick and die earlier. All the spending goes to care for the wealthy. There is no basic care for each of us. Even the middle class earning over $100,000 a year will be unable to afford care if they lose their job. This so-called “Free-market” system is a means of subsidizing the wealthy and owners of the hospitals, drug firms and insurance firms that lobby our Reps to keep the windfall growing. Our life expectancy—one measure of poor healthcare—has been falling since the ‘90s while other developed countries has been rising. In 2017, the Swiss lived 5.1 years longer than Americans but spent 30% less per person, for instance. We spend more than any other country for care but we get less. We don’t negotiate drug or procedure prices unlike almost every other industry. That is not capitalism, that’s socialism for the rich. Compare what is happening in the financial sector—lower commissions, more access to info, more service choices, lower costs overall. If you have a serious illness, your hospital, doctor and drug bills are full of overcharges that bankrupt most people even when they have great insurance. A ‘free’ virus test can cost $2,121.

Avoid subsidizing healthcare for the rich: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584

Was your advisor advising you during this volatile period?

One-third of investors said their professional was nowhere to be found during the pandemic, according to a new study by J.D. Power. Since most folks who pay advisor fees say they pay so they have someone to discuss their situation with, it seems their advisor is getting paid for no work. Since fees can rob us of up to 63% of our total possible accumulations, it does not seem fair to give up so much for so little. Advisors are not going to know what to do in this market since we have never faced a soaring market with 50 millions out of work. Advisors give out common sense and call it “professional” service. Paying a 1% fee every quarter does not seem terrible until we look at our returns. If we earn 3% total return and we pay 1%, we are not being served well. Is your advisor a trustworthy resource in times of trouble or just an expense? There are alternatives. This is the time to make the change since earnings will be low for the foreseeable future. Unless your advisor cuts costs, you lose.

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

Tax return due July 15: Extension automatic with form

If you could not meet with your preparer and can’t complete the online tax return using one of the FREE software programs, you can obtain an extension to October 15 just by filing a form with an estimate of what you owe. IRS wants the money—the return can wait—since they have 3 years to find any errors. Fill and print and pay form:  https://www.irs.gov/pub/irs-pdf/f4868.pdf  Paper return refunds delayed again. No folks.

If you cannot pay now, sign a payment plan so you pay over time. Since millions are out of work, this is expected to be big solution. It is unclear what your interest rate will be.

Pay no taxes in retirement: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

Trump cult of ‘hoax’ drank the Kool Aid

Mobster: ‘I am the only victim here’ 139,000+ deaths

Masked Mobster: ‘hoax’ is not a hoax anymore

Another mob felon freed under TrumpLaw

Mob rule: not American democracy

TrumpLaw defies US Supreme Court

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy! 

Virus scientists are ignored/banished leaving us with political hate.

NJ freezes $578 million in corporate tax breaks for jobs granted by former gov Christie. 

15 large companies got $500,000 million small biz loans using each branch location

Trump’s WALL failing already: Trump donor got $1.7 billion but has no wall experience

SCAMS/SPINS:

Trump delays order to give subpoena tax documents to NYC: no one will see tax before election

Is Trumpism fascistic or just a con’s entertainment genre? GOP extinguished

Trump: my doctors were "very surprised" by my "unbelievable" results of my cognitive tests: 100

Stone: “Like God, Trump was merciful”: Lying to Congress; tampering with witnesses! Guilty

Jared Kushner, huge landlord, not scientist, says his pandemic preparation is a “success story.”

US set new record virus cases--pass 70,000 in ONE day: Jared still in charge? still debate masks

Ivanka told millions who are unemployed that they must go out a find something new.

Ivanka did! Selling beans after Goya sold Trump: Ivanka is gov employee: illegal to sell items

Texas man 30 thought coronavirus was ‘hoax,’ dies after attending ‘COVID party.' Trump guilty 

Trump willing to allow 50,000 more adults and children die just to get elected School dangerous?

GA bans anyone from using masks: no city/town can insist citizen save life: Gov on Kool Aid

Even AL now require masks for pandemic: Trump Cultists Waking Up to The 2020 Disaster

But some resist wearing masks with guns: girl stops shoot out over mask use in FL Walmart

Stores can still require masks even if gov or Trump do not like it: not ‘deep state’ just reality

Trump new postmaster will slow mail delivery: could mail-in ballots be reason?

Trump, not CDC, will now control virus data: Hospitals data to be messaged by WH politicians

Trump campaign called Death Star, empire’s weapon to destroy good guys; gets ‘hot air’ bomb!

Are Fauci and other health professionals part of the CIA-FBI deep state? Is every non-Trumper?

Trumpers try calling Black Lives Matter group a ‘Marxist front’ group: old propaganda stunt works

Trump giving our ventilators to Putin etc: $200 million other countries but need oxygen

Gun silencers now legal as gun lobbyist hired by Trump: Taliban free to kill troops ‘quietly’

Unemployment check fraud: Scammers use your info to file for benefits: Gov doesn’t help fix it

Methanol sanitizer recall by FDA:  59 varieties of hand sanitizer  to avoid: label says ‘ethanol’

Fake blackmail scam: email says they know your info/pictures on computer: pay of they share

Benjamin Alderson Bradley Hamilton caught misleading clients pension transfers; fine/defrocked

GST Factoring caught stealing fees student-loan debt-relief business: repay $11.8 million; $1 fine

Townstone Financial caught illegal redlining mortgage business Chicago area:

TurboTax H&R Block caught “unfair abusive practices” divert from free file to paid products

WellsFargo changing home mortgage payment plans without owners’ requests: foreclosures

First Western Capital caught selling restricted securities to non-institutional investors: fine no jail

Is it a scam: check AARP scamline 877.908.3360.

Jobs

Facing eviction: know your options

3 AZ teachers shared classroom; wore masks, gloves; 3 got virus—one has died

Walmart health insurance sales: huge market; captive audience; low-cost policy seniors

Will hate radio/TV survive the next administration?

Judge sends 15 yr old to juvi for not doing virtual school

Who owns your account now?

Hedge fund to buy newspaper publisher McClatchy out of bankruptcy: 163 years family

KFC going to plant-based former fried “chicken”: so fried tofu batter with more batter?

“Outright Lies”: Voting Misinformation Flourishes on Facebook

Miracle:

New York City: zero virus deaths for the first time in four months. 

40% of people infected are asymptomatic. The chance of transmission from them is 75%.

First vaccine tested in U.S. boosted people’s immune systems: now the big trials

Scientists discover antibodies to protect children from rare, polio-like disease ‘AFM’

Finally July 2020, Vatican tells bishops to report sex abuse to police: but “be flexible”?

Bridger Walker 6 saved his four-year-old sister from a dog attack get acknowledged.

Police are not ‘peace’ officers anymore: became paramilitary forces full armor; no names

IAN

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