Friday, November 25, 2016

Are you on target for a comfortable retirement?

Are you on target for a comfortable retirement?
Investing in your 401k or IRA is a long-term project. To meet your goal of an adequate retirement income, you need to hit certain milestones along the way. Like a trip to grandma’s on Thanksgiving, you need to know how far you have gone to be able to answer the question, “Are we there yet.” Unless you keep track of your speed or miles traveled you won’t know. Here is how your advisor should figure it out. If you earn $50,000, and you invest 10% or $5,000 a year in a stock fund for 30 years, you will have about $1 million. This will be worth about $½ million in 30 years due to inflation. If you convert your 401k to a low-cost IRA providing 8% return (balanced fund) your income could be $40,000 in today’s purchasing power. So how are you doing? At year 10, you should have about $90,000, at 20, $320,000 and at 30, $950,000. Try the numbers: http://www.moneychimp.com/calculator/compound_interest_calculator.htm
Time you are invested determines your total accumulation if you use low-cost stock mutual funds. If you are using a high cost plan or “guaranteed” funds, you need to put in more money or work longer to reach your goal. Advisors must give you good advice according to the new Fiduciary Rule. However, the industry says it violates their 1st Amendmend right to feed you BS like “this plan is good for you.” Trump may cancel the rule so check all your alternatives before you sign. There are no refunds for the BS plan: https://www.amazon.com/Fiduciary-Rule-BEST-dont-overpay-anymore/dp/1530980275

Pay FEWER taxes: follow President Trump’s example
Using your Hidden Wealth Reserve, you can avoid taxes on the gains in your investment fund. If you are using a 401k at work or an IRA yourself, all your income will be taxed at whatever the rates are in the future to pay off our $19 Trillion debt. The Don’s programs may add another $12 Trillion by 2026. If the wealthy and corporations get tax breaks as per his promises, there is only us left to pay the bills. So right when you are planning on living on your secure retirement income, you may be paying more income tax than you are now—on investments and SS benefits. It is simple math. Along with tax rates, our medical copays and premiums are sure to grow. If you are investing now, congratulations. You need to consider the vehicle you are using. As the Prez said: "I fight very hard to pay as little tax as possible" because "that makes me smart." If I did pay taxes, "it would be squandered, too, believe me." Be smart:

Is an IRS-approved Tax Shelter right for you?
Madoff victims get screwed again by their fellow wealthy class. Turns out the smarter group of Madoff investors, including the infamous Koch Brothers, made-off with their profits and hid them overseas. Kochs may never pay tax on their gains. Now a judge says victims that did not hide their money from US law are out of luck and out of the money. Perhaps the Kochs knew Madoff’s scheme was bogus. Maybe Koch like Mit Romney just had the opportunity to go offshore to hide their questionable money. American workers have a similar opportunity to shelter their funds from government taxes and creditors and legal proceedings. This Tax Shelter is part of the IRS code for working Americans who wish to avoid future taxes on their retirement gains. This IRS §408 Trust provides Tax-free accumulation, Tax-free income and a Tax-free legacy that is protected from bankruptcy and future taxation. Trump is cutting taxes for the rich and corporations so there is only one place to pay off the rising national debt—working Americans. We don’t have lobbyists to protect us from Congress cutting benefits and adding taxes/fees/charges.

What can you do when your employer dumps your pension?
What will you do if you end up like DuPont workers? DuPont will no longer contribute to active employees' pension plans, a move that will affect the retirement of 13,000 workers, including 2,800 in Delaware. Workers will stop accruing benefits sometime in November 2018 or the creation date of the first independent company spawned through the proposed $130 billion merger with Dow. Only employees in the United States and Puerto Rico will be affected by this move. The company also eliminated retirement health benefits, including dental and life insurance for all employees under the age of 50 when the pension contribution ends in about two years. Some US corporations have been sending their cash overseas to avoid taxes and paying under-funded pensions and health insurance promises. Before your employer decides to cut you off, you need to make a plan. President Trump has learned how to divert his income tax money to his own nest egg using tax shelters and Tax Credits. It is time we did the same.

Tax tips for business from IRS
Sole proprietors
 and independent contractors can get helpful information from the IRS Small Business and Self-Employed Tax Center. This resource includes online tools such as the Tax Calendar for Businesses and Self-Employed, which has key tax dates and necessary actions for each month of the year. For those who provide services to consumers, such as rides in personal vehicles for a fee or the use of property, such as apartments or homes for rent, the IRS created the Sharing Economy Resource Center.
The best way to control your taxes is to have a small business. Many expenses are deductible from your income. Real estate is especially helpful in offsetting your other income. President Trump has become the master of the tax universe by claiming a $billion loss from his RE deals. He probably did not pay taxes for 20 years from that one tax item. Most millionaires are business people.

How are you fighting inflation?
The Fed may be raising interest rates for The Don. Over time—say 20 years—you may be paying TWICE as much for some things than you do now. Clearly health care costs will go up by more than the current inflation rate of 0.3%, the new Social Security COLA. Medicare Part B went up 4% for instance. TrumpCare will likely include the higher premiums we found with ObamaCare. Providers won’t take a cut. Inflation has shown a 3% rate in history. What is inflation? Let’s go to the videotape. If you are not fighting it with your long-term money, you are going to be in trouble. If you spend $151 a week on food, how will you find $300 a week in 20 years? Unfortunately, Social Security and company pensions will not keep up. The GOP has vowed to cut our so-called “entitlements”—SS benefits, Medicare, etc. Unless you believe things will get cheaper from a global recession, you need to invest in the one thing that has proven it can overcome inflation. If you have all your money in your home, you can’t eat it. However, a blend of stocks and bonds has proven OVER TIME to keep you from hunger and in your home and all the other things you expect to have. A mutual fund with hundreds of different stocks and bonds that have returned over 9% a year since 1970 is the Wellesley Income fund. Only one down year—with 2 good years after.

GOP making new law to devalue some pensions
Representative John Kline (R-MN) wants to allow the trustees of healthy multiemployer pension plans to switch to new inferior plans that don’t provide guaranteed benefits to workers or retirees. His bill would allow plan trustees to divert money from the old plans to the new plans – increasing the chances that well-funded plans could fall into under funded status, threatening the promised benefits of both workers and retirees. The Kline “composite” will be attached to year-end funding legislation that assures passage without workers’ lives being considered. Your pension may be next.


Is health care a requirement for living in US?
Like air and water, we need them for living so they are delivered by companies regulated to NOT gouge us on the price. Except health care. You know that the rich live 14 years longer than the poor. A new study proves that this has not changed since the middle ages. All other civilized countries consider health care a necessity. Our recent scandal over EpiPen $600 emergency shot for the young who suffer through no fault of their own. Do you spend all of your monthly budget for this lifesaver or let your kid go to the hospital so your family can eat? In England the same medicine costs $69. It actually costs $30 to make and we add $6 profit: $36 is what we should pay in US. Someone or other is making a killing. If you are a millionaire Congressman or you earn over $423,345 as a 1%er then $600 for Epipen is no problem. However, for most of us, medicine is like water and air—a necessity that should not be exploited. Can Trump make drugs affordable for the ‘forgotten’ family? He promised to lower costs.

We overpaid for auto insurance coverage by $101 billion
A new study shows how we overpay for auto insurance. Insurers offer better rates to their chosen niche customers. You don’t know if you could be paying $200 or $300 less a year for the same or better coverage because most people don’t think shopping is worth the trouble. $300 a year savings is one way to add thousands to your retirement fund. You can cancel the stuff you don’t need. Policies duplicate coverage. Insurers try different niche segments looking for their best deal just like you do. When you compare three insurers, you may qualify for some of the 20 discounts. But you have to ask for them: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634


Is the American future of tax cuts and deficit spending on view in Kansas today?
KS state budget hole is $345 million and threatens the foundation of this state, which was supposed to be the setting for a grand economic expansion but now more closely resembles a battleground, with accusations and lawsuits flying over how to get the state’s finances in order. The yawning deficits were caused by huge tax cuts, championed by Gov Brownback and the Republican-dominated Legislature, that were supposed set the economy roaring. They didn’t. GOP has cut schools, highways, and Medicaid health for the poor. The state would thrive, Gov pledged, because the tax cuts would help keep businesses and smart, young Kansans in the state, not fleeing “to Houston, or Dallas, or Chicago or somewhere else.” “It will pave the way to the creation of tens of thousands of new jobs, bring tens of thousands of people to Kansas, and help make our state the best place in America to start and grow a small business,” Brownback wrote in 2012.
Trickle down econ has never worked. Bush II tax cuts did not help recession.
Is America doomed to repeat history with Trump?

After 40 years, Vanguard’s assets grew from $11 mil to $3.5 trillion
John Bogle, the founder, receives letters from investors in one of his index funds. His new idea is now the idea of the century: You can beat the market by investing in it but at cost. DON’T PAY FEES. One of the nicest was from an airline pilot who had retired. My advice to all investors is just to throw their 401(k) statements into the wastebasket. Don’t peek. Open the envelope when you retire and have a cardiologist standing by, because you’re going to be totally amazed. “Dear Mr. Bogle,” this pilot wrote me. “I peeked. And all I want to do is thank you.” Fidelity did a study that showed that Bogle’s advice works: The Fidelity accounts that were most successful were those of the dead and the forgotten.
Low-cost funds beat high-cost funds every period: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082


GOP rigs elections for years ahead
Federal judges in Wisconsin ruled the state’s Republican leaders had unconstitutionally drawn electoral districts to “entrench” their control over the state Assembly. If you are a Dem voter, your vote is marginalized so Dems will never be represented by state lawmakers. Like George III, your rulers will not hear you because you have no representation. WI will follow other states like KS, NC in banning voter access, cutting taxes for schools, roads, and Medicaid. WI has already decimated the public employees union. Trump found WI the perfect state to show his strength. It had not gone red since 1984. When this ruling is reversed by the new Trump Supreme, WI will like NC be able to exclude voters from reversing this anti-democratic path. Voters have to pay for all these GOP rigging costs. NC has already spent $ millions to exclude minorities.  

What is wrong with this statement?
Already, foreign diplomats have been flocking to his recently opened hotel in downtown Washington — and Trump noted to the Times that his brand is suddenly “hotter.” The Foreign Emoluments Clause in the U.S. Constitution bars officials from influence by foreign govt. The Don may use his status to further his interests since his kids are running things now. The Don expects his mere verbal interest in a project to yield favorable results. His partners from India assume he will pressure India to solidify his projects there. Could he deal with Putin if his Russian investments could suffer? The Don does not like to be seen as humiliated. Can we be sure Don will put US first in any dealings around the world? His illegal use of his foundation and fake “philanthropist” image shows we can NOT trust him. I fear his lust for power.
But Watergate was illegal and he was impeached by Committee then resigned before the vote.

Fake IRS letter or email
The IRS says many people have gotten the bogus notices, which usually claim you owe money for the previous tax year under the Affordable Care Act.
  • It’s one of many IRS imposter scams that have popped up. As tax season nears, we’ll see more. The good news? There are red-flag warnings that can help you avoid becoming a victim. For example, the IRS will never:
  • Initiate contact with you by email or through social media.
  • Ask you to pay using a gift card, pre-paid debit card, or wire transfer.
  • Request personal or financial information by email, texts, or social media.
  • Threaten to immediately have you arrested or deported for not paying.
If you get a scam IRS notice, forward it to phishing@irs.gov and then delete it from your email account. https://www.irs.gov/uac/report-phishing. Real CP2000 letters ask taxpayers to make their checks out to “United States Treasury” if they agree they owe taxes. If you get a letter, return it to the address inside and ask for a “statement of your account.” If it is legit, you will receive an answer. We never ask taxpayers for personal information via e-mail or social media. You can try to call IRS to verify you owe: 1-800-829-1040.



We are entering the Twilight Zone:
"There is a fifth dimension beyond that which is known to man. It is a dimension as vast as space and timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. It is an area which we call the Twilight Zone." 
Rod Serling


  
            THE TRUMP PROMISES

The Don’s 1st test: Replace job paying $23/hr Carrier move to Mexico—he promised.
                        CarrierMexico will pay $25/DAY. Automation, computers, math.
                        He made Carrier the poster child and “we’re going to hold him to it.”
            We want change: “It could have been Captain Kangaroo and he might have won.”

Actual outcomes: Dems won by 2 million votes but GOP rigged it just like in 2000.



Deportations: “get the people that are criminal and have criminal records, gang members, drug dealers, where a lot of these people, probably 2 million, it could be even 3 million, we are getting them out of our country or we are going to incarcerate.”


NATO EU UN defunding: Weakening NATO, EU and UN ties is Putin’s goal in regaining Russia’s superpower status. The Don has been flattered by KGB: no friend.

Trump kids become national security advisors—get top-secret clearance. Giuliani claims “they can’t work in the government because of the government rule against nepotism.” But they can use the information in Trump’s companies and insider trading.

Ford will still build $2 billion factory in Mexico but does not send KY jobs there yet.
Fiat building new factory for Jeep Compass in Toluca Mexico. Labor is ½ price.

The Don will NOT show his tax returns or his birth certificate. He does not pay taxes.

The Don’s slogan “lock her up” was just B.S.—a slogan to get audience fired up.

Obama’s rule giving overtime pay to 4.2 million US workers blocked. Trumpers lose

Propaganda wins: 82% middle-school students could not distinguish between an ad labeled “sponsored content” and a real news story.


Teas have finally gotten their wish! Congress
President and Congress are anti-govt but paid by that government (US).
The Don’s “cabinet” are scary group

Jeff Sessions top law officer, was rejected for judgeships by GOP because racist remarks:
Sessions had referred to the N.A.A.C.P., the Southern Christian Leadership Conference and other civil rights groups as “un-American” and “Communist-inspired.” An African-American federal prosecutor then, Thomas H. Figures, said Mr. Sessions had referred to him as “boy” and testified that Sessions said the Ku Klux Klan was fine “until I found out they smoked pot.” He does not like the Voting Rights Act and the stringent oversight it placed on Southern states. He was rejected for a judgeship by the Senate in

Mike Flynn, national security adviser, thinks that Shariah, or Islamic law, is spreading in the United States (it is not). His dubious assertions are so common that when he ran the Defense Intelligence Agency, subordinates came up with a name for the phenomenon: They called them “Flynn facts.” Flynn thinks Putin is an ally in fight against ISL. He worked for Russia Today, a Kremlin TV network. He was leading chants of “lock her up” against Hillary Clinton at rallies for The Don.

Mike Pompeo, CIA director, House Intelligence Committee, gained prominence for his role in the congressional investigation into the 2012 attack on the American diplomatic compound in Benghazi, Libya. He was a sharp critic of Hillary Clinton and thinks there was a cover-up. When the committee found no new evidence of wrongdoing by the Obama administration or Mrs. Clinton, Mr. Pompeo and Mr. Jordan filed a 48-page addendum that included far harsher criticism. Regarding the Iran anti-nuclear agreement, Pompeo thinks we should “walk away from this deal.” He has ties to the Kochs, the billionaire conservatives whose Koch Industries has provided his funding.

Myron Ebell, EPA, is a climate-change denier who directs the Center for Energy and Environment at the Competitive Enterprise Institute. The group's website, SafeChemicalPolicy.org, exists to downplay the health and ecological impacts of chemicals. “Pesticides aren’t bad for you.” “Honeybees decline not linked to pesticides.”

Betsy DeVos, education, a billionaire philanthropist with deep ties to the Christian Reformed community in Michigan. She is known for reforming public schools by funding private schools (vouchers) with tax money. Heir to Amway and Clinton Foundation donors, the DeVos said Trump “does not represent the Republican Party.” 

 I am the only one who knows who the finalists are!”
Like mafia family, The Don has never had a boss, no corporate board to question his acts!
            The Don Way: Making money from the Secret Service and Top Secret info for                                 biz, foreign diplomats

Do-Nothing Congress will decide US future by doing nothing for more 4 years.

Axmen: Kushner, Giuliani, Sessions, Carson, Russian Manafort, cabinet

Enemies List: Clintons, Ryan, Graham, Cruz, Rubio, Bloomberg, DeBlazio, Gold star Kahns, NYTimes, NYPost, WashPost, Univision, Megyn Kelly, judge and claimants in Trump U. case, women accusers, Trump canceled brother’s insurance, Christie (for humiliating Kushner dad in 2005), Christie sued over shutting Fed property.





Regulators are the only protection we have since we can’t sue anymore
               Supremes stop us from suing—State courts no longer available to sue corporations!

Access Funding caught deceiving lead poisoning victims out of settlement payments.
8 brokerage firms caught selling L-share variable annuities with expensive minimum-            income and withdrawal riders with do not provide good value to seniors.
Sienna 2011-2016 sliding door could open while driving if door operation is impeded.

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own
GM killed 124 because ignition switch pin not replaced after knew it killed first in 2006.


Police want gun control.
When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has a gun hidden. You and real criminals both have guns.
Oregon jury: “having guns is no threat but statement of culture like wearing cowboy hat.”?
Protect police with your gun: Passerby shoots suspect who’s beating sheriff in traffic stop




Ignoramus Award: Global warming is hoax, says Prez so why is Miami garage flooding

Catholic Church in Rwanda apologized for the church's role in the 1994 genocide: “Church members planned, aided and executed the genocide, in which over 800,000 ethnic Tutsis and moderate Hutus were killed by Hutu extremists.”

How our government wastes our money
Each round for Navy ship costs $800,000 so Navy can’t afford more ships or ammo.

Where have all the jobs gone?

Who owns your account now?

IAN
41 Watchung Plaza, B242
MontclairNJ 07042
973.746.2014
Alert

Friday, November 18, 2016

Reduce your taxes like President Trump

Reduce your taxes like President Trump 
President Trump has said: "I fight very hard to pay as little tax as possible" because "that makes me smart." If I did pay taxes, "it would be squandered, too, believe me." Be smart:
Converting part of your IRA to a Roth will provide future income without the income tax. Converting $10,000 today (pay $1,500 tax) and spend $24,000 in 10 years (after age 60). You can spend it all and not pay the $3,600 tax on $24,000. You could use this lump sum for a vacation or your grandson’s education or just leave it to grow into a handsome legacy for your heirs. Since this money is not taxable you may avoid tax on your other income too. For instance, SS benefits are taxable if your income is over $32,000 ($25,000 single). If you were to convert $10K IRA money every year for 10 years, you will have turned $100,000 TAXABLE income into $250,000 FREE of TAX. Since you must take IRA money at age 70.5 anyway, taking it earlier will lessen the “forced” distribution and thus less tax. You may convert any amount any year. You can fund a Roth IRA now and not have to convert later.


We never did get to see The Don’s tax returns
He said they don’t matter to his voters and he was right. So now he, as head of IRS, won’t be finishing the audit on himself and he will get away with not paying his fair share. He deducted about $1 billion of other people’s money and gets to keep all of his income from TV and using his name on things for 20 years. His tax plan includes huge tax breaks for the wealthy. The top 1% would get about half the benefits of his tax cut. People with $3.7 million or more in annual income would receive $1 million in annual tax savings. Deficits will soar unless the rich create tax payer jobs here. (This has not worked in KS which gave businesses 0 taxes in 2012.) However, if the created jobs are low-pay, like in Texas, no new tax revenue would be created. Since The Don will cut corporate taxes, new middle class taxes will go up and less-advantaged assistance programs will be cut. GOP has already targeted ObamaCare, Medicaid, Medicare and Social Security.

The Don’s excuse for not paying taxes: “They waste the money
Can The Don stop the big business subsidies Congress relies on for their daily bread? He railed against lobbyists who get paid for subsidies. But, OH NO, he HAS them in his transition team deciding who will make the rules. Will he cancel EPA so we have dirty air, dirty water and contaminated soil? Which programs are wastes to The Don? The Don is using the same people as Bush for decisions—his first tell— “He is failing the first test, and he should be held accountable for it.” For instance, Ed Meese, a lobbyist for Heritage Foundation is setting up budget. The list goes on. Energy, Communication, Intelligence, Agriculture, etc. They even asked JP Morgan Chase Dimon to run Treasury. Hardly outsiders! Some are the ones who oversaw the financial collapse of 2007. Obama never jailed any of them. His Justice has let many bankers skate. Can The Don put any white-collar criminals in jail? If some went to jail, it might persuade banks to not take big risks. But Don has relied on them for financing his projects—3 casinos, the Plaza and scores of buildings/golfs. He used Tax Credits to avoid paying his fair share.

Where should you invest now for retirement if GOP cuts Social Security?
Ryan and House members will now have a “mandate” to cut our “entitlements” since The Don will be spending on other projects. Without cuts in Social Security and Medicare, the GOP would need to raise taxes. Where can you put your money so that you can supplement the cuts in your future Social Security benefits? One alternative is to use a balanced fund that makes you owner of stocks and bonds. One of the best is the Vanguard Wellesley Income fund. It has returned 9.8% since 1970--7% in 2016 so far.


Remember when The Don was against hedge fund operators?
No longer. Now they are in the government. He said: “Hedge fund guys are getting away with murder.” One of Trump’s friend/backer, hedge fund owner, Steven Mnuchin, is even a contender for Treasury secretary. “That nonsense is ending: the anti-banking cabal and the screed of hatred for people that live on Wall Street,” Anthony Scaramucci, a well-known money manager who is on the transition team, said last week following Trump’s victory. Mnuchin, a former hedge fund manager and partner and Goldman Sachs Group Inc., is a top candidate to lead Treasury; he served as Trump’s campaign finance chief. John Paulson, who made billions when the housing market collapsed, is an economic adviser; he was a Trump donor and has been pushing for changes to Fannie Mae and Freddie Mac, the U.S. mortgage giants. Rebekah Mercer, the daughter of hedge-fund magnate Robert Mercer, is on Trump’s transition team. Carl Icahn, investor, has also backed Trump, hoping the candidate will rein in Environmental Protection Agency rules, which he says harm refiners like CVR Refining LP, where he has a controlling stake. His wife, Gail, has been named to the inauguration team.
Lies, all lies.


Can Wall Street learn to put our needs ahead of their own?
Obama tried to reform the Wolf of Wall Street so that they would not collapse our financial system again. When you are setting up your retirement income from 401k and IRA accounts, the Wolf used to take a big bite—5-10%. Now it can eat up to 63% of your investment portfolio. Obama’s retirement div put out rules to protect vulnerable senior’s nest eggs from the Wolf. Will Trump destroy the Fiduciary Rule as part of the industry lobby to repeal Dodd-Frank? Fiduciary means advisors put your interest before their own. This rule does not mean advisors can’t overcharge on all other products. It does not mean they can’t charge fees for years after the sale of retirement products. In fact Chase and other banks have already said they will stop commissions and charge annual fees forever instead. Instead of paying 5-10% up front, you will pay an extra 1% per year. Chase and BoAmerica could take 10-15% over the life of your account. The Wolf cannot help taking the whole cake—now just one bite at a time--forever.

Which Part D plan is right for you?
When comparing Part D plans, make sure the copay for your drug is reasonable. The AARP tested the difference between the copays for 30 day supply of 5 drugs in 5 states. The diffence in what you will pay is astounding: We pay $569 or $27 for the same Procrit 4,000 ml in FL amoung 20 plans. Large differences in copays for the same drug within a state not to mention in the same country leads any reasonable person to believe America has a problem. Trump used to rail about this problem. The problem was highlighted by the recent scandal over EpiPen. Do you spend all of your monthly budget for this lifesaver or let your kid go to the hospital so your family can eat? In England the same medicine costs $69. It actually costs $30 to make and we add $6 profit: $36. Someone or other is making a killing. If you are a millionaire Congressman or you earn $423,345 as a 1%er then $600 for Epipen is no problem. However, for most of us, medicine is like water and air—a necessity that should not be exploited. Can Trump make drugs affordable for the ‘forgotten’ family?

The Don says he will NOT take his $400,000 salary plus benefits
Taking a salary means having your taxes withheld. The Don does not pay taxes. However, he may not realize there is a large pension too. Seems unwise to refuse $½ million extra cash. Not all his job’s expenses are covered by the govnmt. We pay presidents for the rest of their lives even though they don’t need it—well maybe Jimmy Carter. A fixed income for 30 or 40 years is over $7 million without inflation rider. We can create a fixed monthly payment without having to pay the high annuity fees of 2-4%. There are better alternatives: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

Car and Drivers 10 Best Cars 2017.
Their annual list of the very best automobiles for sale in America includes some suprises, including the Honda Accord. To win a vehicle must offer good value, excel at its given mission, and, critically, deliver a pleasurable driving experience. Some are sporty and some are expensive too. Few are considered the most reliable according to JD Power. 5 cars to avoid this year—wait for revisions.
Ask for all your discounts when you buy new car insurance: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Tea Party controls House, Senate, President, courts, Supremes--Finally got to be rulers
If you are wealthy and hate government, you win. Most of us will grit teeth for 4 years. Trump’s Teas will cut programs that benefit older adults and younger people with disabilities, including Medicaid, Older Americans Act such as Meals on Wheels, adult day, information assistance. Don said he would leave Social Security and Medicare alone but he said many contra things. Teas have targeted all programs for disadvantaged like ObamaCare. Don may not resist their cuts especially if economy falters. He does not like losers. 20 million will have no health care. "You're not going to let people die sitting in the middle of the street." He made fun of disabled, banned unfavorable press firms, and attacked certain minorities, judges, laws, departments he did not like. His tax plan reduces taxes for very rich but his advisor says if growth does not come, middleclass tax increase will be necessary to balance budget. Christie just raised gas tax in NJ and let millionaire tax cut stay. He ended the estate tax for rich. Christie may be Don’s whip in Congress. He claims he can make Dems give in.




We are entering the Twilight Zone:
"There is a fifth dimension beyond that which is known to man. It is a dimension as vast as space and timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. It is an area which we call the Twilight Zone." 
Rod Serling
  
            THE TRUMP PROMISES
Deportation, The Wall, Re-Create Jobs, NO Abortion, No ObamaCare, More Guns, No Muslems, Reprochmont with Russia, Christian nation, Jail Clinton, Kill Terrorists and Family, Torture, Cancel Iran deal, Cancel EU-NATO, Replace VA head, Tax imports esp Ford, Grow 6%, Cut Deficit, Cancel Consumer Protection Act, Wealthy tax break, No tax income <$50K, Change Washington, Change GOP, Change, Change, It was rigged! … for me!

The Don’s 1st test: Replace job paying $23/hr Carrier move to Mexico—he promised.
                        CarrierMexico will pay $25/DAY. Automation, computers, math.
                        He made Carrier the poster child and “we’re going to hold him to it.”
            We want change: “It could have been Captain Kangaroo and he might have won.”

Deportations begin: “get the people that are criminal and have criminal records, gang members, drug dealers, where a lot of these people, probably 2 million, it could be even 3 million, we are getting them out of our country or we are going to incarcerate.”

Wall is too expensive—settle for a fence: Tax cuts for rich/corporations mean no money

NATO EU UN defunding: Weakening NATO, EU and UN ties is Putin’s goal in regaining Russia’s superpower status. The Don has been flattered by KGB: no friend.

Trump kids become national security advisors—get top-secret clearance. Guiliani claims “they can’t work in the government because of the government rule against nepotism.” But they can use the information in Trump Corps and insider trading.


Ford will still build $2 billion factory in Mexico but does not send KY jobs there yet.

Teas have finally gotten their wish! Congress and WH are anti-govt but paid.
The Don’s “cabinet” are scary group

Jeff Sessions top law officer, was rejected for judgeships by GOP because racist remarks:
Sessions had referred to the N.A.A.C.P., the Southern Christian Leadership Conference and other civil rights groups as “un-American” and “Communist-inspired.” An African-American federal prosecutor then, Thomas H. Figures, said Mr. Sessions had referred to him as “boy” and testified that Sessions said the Ku Klux Klan was fine “until I found out they smoked pot.” He does not like the Voting Rights Act and the stringent oversight it placed on Southern states.

Mike Flynn, national security adviser, thinks that Shariah, or Islamic law, is spreading in the United States (it is not). His dubious assertions are so common that when he ran the Defense Intelligence Agency, subordinates came up with a name for the phenomenon: They called them “Flynn facts.” Flynn thinks Putin is an ally in fight against ISL. He worked for Russia Today, a Kremlin TV network. He was leading chants of “lock her up” against Hillary Clinton at rallies for The Don.

Mike Pompeo, CIA director, House Intelligence Committee, gained prominence for his role in the congressional investigation into the 2012 attack on the American diplomatic compound in Benghazi, Libya. He was a sharp critic of Hillary Clinton and thinks there was a cover-up. When the committee found no new evidence of wrongdoing by the Obama administration or Mrs. Clinton, Mr. Pompeo and Mr. Jordan filed a 48-page addendum that included far harsher criticism. Regarding the Iran anti-nuclear agreement, Pompeo thinks we should “walk away from this deal.” He has ties to the Kochs, the billionaire conservatives whose Koch Industries has provided his funding.

Myron Ebell, EPA, is a climate-change denier who directs the Center for Energy and Environment at the Competitive Enterprise Institute. The group's website, SafeChemicalPolicy.org, exists to downplay the health and ecological impacts of chemicals. “Pesticides aren’t bad for you.” “Honeybees decline not linked to pesticides.”


 I am the only one who knows who the finalists are!”
Like mafia family, The Don has never had a boss, no corporate board to question his acts!
            The Don Way: Making money from the Secret Service and Top Secret info for biz

Do-Nothing Congress will decide US future by doing nothing for more 4 years.

Axmen: Kushner, Palin, Guiliani, Sessions, Carson, Russian Manafort, cabinet

Enemies List: Clintons, Ryan, Graham, Cruz, Rubio, Bloomberg, DeBlazio, Gold star Kahns, NYTimes, NYPost, WashPost, Univision, Megyn Kelly, judge and claimants in Trump U. case, women accusers, Trump canceled brother’s insurance, Christie (for humiliating Kushner dad in 2005), Christie sued over shutting Fed property.

Subway wall sign: “love trumps hate”    Tolerance is un-American now?


Regulators are the only protection we have since we can’t sue anymore
               Supremes stop us from suing—State courts no longer available to sue corporations!

The Don wants national concealed carry law. NRA wins. Flip-flop from book.
Racial incidents on the rise as Trumpers flex muscle for their Leader. Protests grow.
JPMorganChase drops commissions on retirement options—ups the fees for more.
Financial abuse and exploitation costing seniors 20% more than it did two years ago.

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own


Police want gun control.
When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has a gun hidden. You and real criminals both have guns.
Oregon jury: “having guns is no threat but statement of culture like wearing cowboy hat.”?
Protect police with your gun: Passerby shoots suspect who’s beating sheriff in traffic stop



SCAMS: Bullies in SUVs will intimidate our ‘robot’ cars – Mercedes CEO complains

Ignoramus Award: "It will be refreshing to have a classy, beautiful, dignified First Lady in the White House. I'm tired of seeing a Ape in heels."
WV Clay County Development Corp. director Pamela Ramsey Taylor
Social media post following Donald Trump's election as president.
WV Clay Mayor Beverly Whaling responded: "Just made my day Pam."
GOP Dan Johnson Bullitt County KY depicted Barack Obama and his wife as monkeys. Republican House Speaker Jeff Hoover said Johnson will be "welcomed in our caucus."
“KKK is “more American” than President Obama” according to TN correction officer.
Is it lead poisoning from the water in TN, WV and KY? Lead can cause brain damage.
How our government wastes our money

Where have all the jobs gone?
Trump must hire 4,000 bureaucrates to run govt he vowed to eliminate
Trump’s advisor and sonlaw Kushner’s NY Observer in print ends and layoffs


Who owns your account now?
Obamacare enrollment surged by more than 300,000 after election. Now TrumpCare.

IAN
41 Watchung Plaza, B242
MontclairNJ 07042
973.746.2014
Alerts 

Friday, November 11, 2016

We pay big oil to send our oil to China--can Trump stop subsidies?

We pay big oil to send oil to China--can Trump stop subsidies?
Our tax dollars are given to the big oil companies so that they can sell more of our natural resources to China and many other countries. We pay “subsidies” to big oil, gas, drug makers, agriculture firms, airplane and other manufacturers. Many of these subsidized firms make $ billions but pay no federal taxes. Some even get a refund! Our states also pay these firms to make money with our taxes as grants, subsidies and easements.

GOP does NOT really favor elimination of regulations—lobbyists write them
One the GOP myths is that if we just eliminate regulations (by governments), economic growth is assured. But most of the regulations were created by business NOT the government. It is called lobbying. Business needs rules and stability to prosper. Yes government did have to step in to clean up the life-threatening activities of business but only after the mess was made. Workers were being killed in jobs since there was no profit in making mining, drilling, factories safe until 1891. Even Nixon recognized that business will polute since it is more profitable. He decided by himself that we need cleaner air, water, environment, etc so he made the EPA by executive order. But what about now? Why did it take 950 pages to force Wall Street to stop using our savings for their gambling that nearly destroyed our system? “Primarily because of the financial industry. The industry lobbied over and over and over again for this exception, that exception, this clarification, this interpretation, this permitted activity. Almost all of the length in these rules are demanded by the industry—and then they complain about the length and complexity of the rule.”

Do we need the Fiduciary Rule to control fees?
GOP promises to do away with regulations and install a Supreme that will stop making rules contrary to business growth. Fiduciary means your advisor recommends a product that fits your needs without regard to the commission or fees. This rule came out of the changes to the way Wall Street sells products. But putting you first only applies to annuities and other retirement products. Wall Street lobbyists would have killed this rule if applied to ALL investments and advice. The rule was made necessary because Wall Street firms sell us overpriced and underperforming long-term plans that can take up to 63% of our possible nest egg. For instance, most advisors recommend high-cost annuities to defer taxes until retirement. Insurers pay advisors up to 10% of your contributions for NET investment returns that make a banker blush. Wall Street will switch all annuity buyers to annual fees so they can earn more over time. Retirement product buyers will pay 2% a year forever instead of a one time annuity commission.  

Do you need an annuity to delay taxes or create fixed retirement income?
Most working people use a 401k, IRA or other pension vehicle to grow their nest egg. In retirement, they can rollover their 401k into an IRA and begin taking distributions. But if you need an annuity to create a “guaranteed fixed income stream you can’t outlive,” your advisor may have pushed his favorite annuity. Annuities are the expensive form of creating a stream of income each month for your expenses. A typical contract may earn 3-4% and charge 2% so you really only earn the 1-2%. If inflation runs at 1-2%, you may find that the annuity guarantees cost more than they are worth. Your buying power is reduced by HALF for every 20 years you lock up your funds in an insurer. Once you sign the contract you can’t change your mind without it costing up to 10% of your funds.

So, Is your paid advisor worth it?
Baseball owners pay very high compensation to some players. They think paying top dollar will help the team win or draw more paying fans and more cable watchers. But most of these high costs are wasted. The A’s proved that winning is about smart investing not overpaying talent. This year, only 1 in 10 highest cost player proved helpful and they were not in the Series. Most high-cost players are ‘has-been’ stars. In personal finance, the same is true. High cost advisors are has-beens because we pay high fees for PAST performance. That is all we know for sure. Your advisors’ promises are just agent hype. No one can predict the future, especially next year’s winning advisor. In fact last year’s winner is usually this year’s loser. Highly-paid advisors are NOT worth it, especially since their costs can rob you of “63% of what you would have had.”
The best predictor of investing success is COST not stock picking brilliance: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082

The best advisor’s advice is FREE
His investment return record is 20.8% a year since 1965: 50 years. He does not run a hedge or private equity fund. He does not work on Wall Street. He runs one of the largest mutual funds in the world. He does not charge extra fees like hedge funds and high priced mutual funds. He does not trade often. He does not use huge loans to leverage his investments. He does not use options, derivatives, or other dangerous gambles. He only invests in solid profitable companies like Coke, GEICO, American Express, and Burlington Northern Santa Fe. He provides his FREE advice in letters to his owners.

Are there better ways to avoid taxes in retirement?
The wealthy have already figured out how to avoid taxes. Remember Mit Romney was said to have placed his $20+ million IRA off shore in the Cayman Islands. He takes $millions in tax credits to lower his taxes to 14% on $20 million income. Most of us pay 33% total tax because we have “earned” income. The rich like Romney, Warren Buffett and John Kerry live on dividends, interest and capital—NOT paychecks. Most pay under 17%. They use tax credits to offset their income. They receive a tax credit when they lose money on their investments and businesses. And Congress (which is mostly multi- millionaires) writes the laws that make this situation possible. You can fight back.   
Avoid paying the taxes of the Tax-Credit Class: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

GOP religion
GOP religionists have embraced The Don because they think he will turn back time and make the courts rule men and women’s health and sex. Funny the religionists use this issue to manage their power but are not against killing criminals or the observers of other religions. They are missing the point of the New Testament: the whole point of the modern religion Jesus introduced was to free men and women from old rules and focus on love for all not just your friends. Last week a mother who beat her child 36 times with wire was absolved to beat her 7 year old any time because she said her ‘Christian’ beliefs were the “guiding values” that influenced her behavior. GOP claims it is ‘Christianity’. She cited verses from Proverbs 23:13-14—old law. Instead of treating this as a violent crime, the state of IN said she can do it again based on the state’s new ‘religious freedom’ law to justify the beating of a child. GOP religionists have perverted Christianity into a political weapon to hurt children and others not liked. No wonder religion is dying out.
“In any given moment we have two options: to step forward into growth or to step back into safety.” ― Abraham Maslow

Tea Party controls House, Senate, President, courts, Supremes--Finally got to be rulers
If you are wealthy and hate government, you win. Most of us will grit teeth for 4 years. Trump’s Teas will cut programs that benefit older adults and younger people with disabilities, including Medicaid, Older Americans Act such as Meals on Wheels, adult day, information assistance. Don said he would leave Social Security and Medicare alone but he said many contra things. Teas have targeted all programs for disadvantaged like ObamaCare. Don may not resist their cuts especially if economy falters. He does not like losers. 20 million will have no health care. "You're not going to let people die sitting in the middle of the street." He made fun of disabled, banned unfavorable press firms, and attacked certain minorities, judges, laws, departments he did not like. His tax plan reduces taxes for very rich but his advisor says if growth does not come, middleclass tax increase will be necessary to balance budget. Christie just raised gas tax in NJ and let millionaire tax cut stay. He ended the estate tax for rich. Christie may be Don’s whip in Congress. He claims he can make Dems give in.

What to do when stocks become volatile under tempermental Trump
We may see a market in rebellion as Don and the Teas shake up Washington and state governments. The unknown is not good for securities investors usually because they do not look down the road only end of the block. Don says he will give huge tax cuts to the wealthy so they will invest not send the money and jobs overseas. This strategy is not working in Kansas where the Teas have already had it in place for 3 years. The Don talked about the good old days when the uneducated could make good money. The fastest way to make a change is to convince the Teas in Congress to fund infrastructure projects. Despite past history, this new government spending could boost our retirement nest egg. However, to smooth out the chaos of The Don’s change program, look to a balanced fund like Wellesley Income fund at Vanguard. It has returned 9.8% since 1970--7% in 2016.

Experts advise that you NOT buy these cars new—bad buy
These cars are overpriced and thus lose value more quickly than other equivalent buys: http://www.cheatsheet.com/automobiles/better-off-used-12-cars-you-shouldnt-buy-new.html/?a=viewall. If you want to go American made, these are your choices: http://www.cheatsheet.com/automobiles/american-made-cars-2016.html/?a=viewall

We are entering the Twilight Zone:
"There is a fifth dimension beyond that which is known to man. It is a dimension as vast as space and timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. It is an area which we call the Twilight Zone." 
Rod Serling

            Ku Klux Klan will hold a Trump victory parade in North Carolina
   Like mafia family, The Don has never had a boss, no corp board to question his acts!

Do-Nothing Congress will decide US future by doing nothing for more 4 years.

The Teas have finally gotten their wish!
The Don’s “cabinet” are scary group


            THE TRUMP PROMISES
Deportation, The Wall, Re-Create Jobs, NO Abortion, No ObamaCare, More Guns, No Muslems, Reprochmont with Russia, Christian nation, Jail Clinton, Kill Terrorists and Family, Torture, Cancel Iran deal, Replace VA head, Tax imports esp Ford, Grow 6%, Cut Deficit, Cancel Consumer Protection Act, Wealthy tax break, No tax income <$50K, Change Washington, Change GOP, Change, Change, It was rigged! … for me!


Don:    You know I couldn’t live on the Presidential salary—a “step down” for me.                          My immediate plans for your benefits if Teas agree. 
            Huck: “Trump may be a car wreck but at least his car is pointed in direction.”
            I am President so I won’t have to testify in Trump U. lawsuits. “When the president does it, that means that it is not illegal.” https://www.youtube.com/watch?v=HiHN3IJ_j8A


            (But we died in the wreck!) White college grads did NOT leave GOP.
            I’m glad FBI not looking at my contacts with Russians. Email scandal helped.
            I owe FBI Comey big time. Thanks Vladdy.
            Let the dictatorship begin: Christie in charge of WH. My Tower my real home.
            I will be on TV every night. On Twitter all night. Conferences at My hotels.

Axmen: Christie, Palin, Guiliani, Sessions, Carson, Russian Manafort, cabinet

“News” sources: Drudge, Natl Enquirer, Brietbart, fringe blogs, World Net Daily, Putin
            (Don thinks Cruz's father was linked to JFK assassination, China made global warming concept, Obama not American, Obama not write autobio, Obama got NY AG to investigate him, Clintons killed Vince Foster, saw Muslims cheer 9/11 in JC, media hides tape of JC 9/11 event, he or foundation gave money to charities (Don takes illegal “gifts” from vendors and gives as own), vaccinations cause autism, voter fraud rampant, immigrants are criminals, and more)

Enemies List: Christie in Charge of Revenge (BridgeGate).
Ryan, Graham, Cruz, Rubio, Bloomberg, DeBlazio, Gold star Kahns, NYTimes, NYPost, WashPost, Univision, Megyn Kelly, judge and claimants in Trump U. case, Trump cancels brother’s insurance

Mike:   I will protect all the women in WH when he “grab them by the p**sy.”
            “When you are a star, they let you can do it … anything.” “He is Commander now”
            The Don is really a liberal NY playboy at heart. Think Gotti.
            Don will restore the America that the old white Christians love. Father’s Buick.

Hill:    I guess I should have listened to Bernie about change.


How the party of Lincoln became the party of Trump—conservative means go backward especially among “Christians” who now accept immoral acts in their public servants.
            Therefore by their fruits you shall know them. Matthew 7:20

Regulators are the only protection we have since we can’t sue anymore
               Supremes stop us from suing—State courts no longer available to sue corporations!

Samsung washing machines ‘explode’ while in use. Top loaders break jaws.
Christie was mastermind of bridge closing revenge according to juror. He benefited most!
MyPillow caught using deceptive advertising—NO cures for diseases from pillow.
Wall Streeter Andrew Caspersen sent to jail for 4 years for Ponzi-like scheme to defraud 
BankAmerica caught gouging card fees from released inmates—little money and no job.
David Bergstein, Cyrano Group arrested for stealing $5.8 million from investors.
Voya, Cetera, Kestra, FTB Advisors failed to supervise sales of variable annuities.

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

Police want gun control.
When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has a gun hidden. You and real criminals both have guns.
Oregon jury: “having guns is no threat but statement of culture like wearing cowboy hat.”?



            NJ Dems impeach Christie over BridgeGate testimony
            Voter suing Trump for $1 billion because won’t accept vote and he’s distressed.

Ignoramus Award: FBI tarnished by political interference. Find evidence first then letter

How our government wastes our money
Navy can't fire its awesome new gun because EACH round costs nearly $1 million.
Navy ships limited to 3 from 32 since cost is $7 billion EACH.


Where have all the jobs gone?
35 jobs paying $50,000 with no college—some with on the job training.
Warren Buffett with $63 billions was rejected by Harvard: didn’t like college either.
GM closes shifts in OH MI 2,000 out of job Can Trump stop GM job loss as promised.

Who owns your account now?
New Years Rockin Eve to Wang Jianlin

IAN
41 Watchung Plaza, B242
MontclairNJ 07042
973.746.2014
Alerts