Why are Target
Date funds popular with young and mature investors?
For some
investors using these funds takes the guesswork out of trying to find the next
big thing, next star manager, next momentum sector, next favored country or
next favored capitalization stocks. Since most people and computers cannot
forecast the future growth areas in the world, it makes sense to NOT try to
guess. There are many TV pitches and guru managers who have to prove their huge
paychecks every quarter but realistically, most people just can’t follow along.
Some folks are just tired of worrying about their portfolio but don’t trust
their broker, advisor or brother in law. Many of these funds use index funds
with a balance between stocks and bonds depending how far away you are from the
retirement date you set. Thus a TDF 2025 might have 65% stocks and 35% bonds
with 10% return for 1 year and 7% since 2003. Contrast that with TDF 2065 with
90% stocks with 12% return for 1 year and 8.7% since 7/2017.
Simple
strategies often win: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409
GOP cuts
food stamps not corporate subsidies
Again
GOP shows why it is not the conservative Grand Old Party. They are the rich
helping the rich and their corporations. GOP cutting food stamps that feed
people who can’t make it on $7.25 an hour—same as 2009. Could you? Instead of
paying for the new tax breaks with cuts in corporate subsidies, they cut food
stamps. Six parent companies have received $1 billion or more; 21 have received
$500 million or more; and 98 have received $100 million or more. Spanish
electric utility Iberdrola got $2.2 billion.
Boeing,
Ford Motor, General Electric, General Motors and JPMorgan Chase are the largest
recipients of state subsidies; federal grants and tax credits; and federal
loans, loan guarantees and bailout assistance. Boeing alone has received
$13 billion in subsidies. Intel and Alcoa each received nearly $6 billion.
General Motors scored $3.7 billion and Ford secured $2.5 billion. All told, 19
large corporations have received at least $1 billion. None of these 1,800
firms are needs corporate welfare but our so-called ‘representatives’ gave
and have given them ‘food stamps’ since WWII. Some claim offshore residency to
avoid any taxes. Some are owned by foreigners. Big subsidies go to corporate ‘farms’
some of which are paid to NOT grow anything. Remember, we are paying to
subsidize milk and other foods. Agriculture is one of the most regulated
industries, yet Trump has not bothered to de-regulate it. Farmers in New
Zealand
Is Trump your lobbyist?: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Another
way the new Trump GOP tax helps the wealthy
‘Living’
and working in income tax-free states offers an obvious tax edge since local
taxes are no all deductible. Signing bonuses, royalty distributions and
advances will be taxed at the domiciliary state tax rate of zero. One state domicile
for taxes; one for working; one for vacations. Mitt
Romney claimed Utah (no tax) as home. Set up a ‘loan-out’ corporation. A
loan-out is a business entity separate tax-wise from the individual for whom it
was created. A rich person establishes the loan-out and then becomes its ‘employee.’
Their corp deducts the employee expenses not the taxpayer since the new law
outlaws the Form 2106. This also gives them asset protection and retirement
benefit programs. Working for your
own foundation offers other benefits.
Take
advantage of the tax law too: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
What to
do with your RMD: How much will you spend?
Your RMD
or required minimum distribution is the amount the IRS calculates for income
tax purposes from your retirement accounts annually after your turn age 70½.
You may want to invest part of it for the future or cut the amount in your IRA
that you will pay tax on in coming years or contribute to legitimate charities. I help you
answer these questions now: Will you have enough? How will you invest? How much
will you spend? Explore 17 alternative
uses of your RMD. Create tax-FREE income from your IRA while reducing
future RMD. Take advantage of the miracle of compounding: $100,000
may become $500,000 in 15 years. Create an investment plan for 30+
retirement years. Self-insure and self-fund all your financial needs. Social
Security to cut benefits in 2034 so you may
need more income later. You have time to do something about the future.
The
chickens have come home to roost: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716
Audits are down—IRS has no money
The
number of IRS audits fell in recent years to the lowest levels in almost two
decades. However, certain red flags such as excessive deductions
(especially non-cash contributions to charities) can often trigger audits.
Other triggers include large deductions in general, in comparison to income;
large business expenses; an audit of a related return, such as of a business
partner; certain kinds of activity in rental property; excessive losses on
rentals; or, on a Schedule C for the self-employed, unusual expenses for
depreciation, travel or offices.
Also
sales of non-public stock, rental expenses on a Schedule E and miscellaneous
deductions related to the 2-percent limit on AGI. The
IRS compares your return with statistical norms. Returns with anomalies can
then be reviewed by up to three layers of IRS personnel before a decision is
made to audit. They also use random audits to bolster validity to their
computerized norms. They also use a computer automated process to kick out
returns that appear abnormally out of range of a peer norm. More red flags or
higher potential ‘adjustments’ trigger audits. IRS does NOT call—a letter
starts the process. Most audits are completed by mail. Most ask for back up to
your numbers.
Avoid audits with NO taxes: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
How did Buffett’s index beat Wall
Street?
Buffett’s index pick returned more
than the Wall Street geniuses. In 2007, Warren Buffett bet a million dollars
that an index fund would outperform a collection of hedge funds over the course
of 10 years. This week he won that bet and gave $2.2 million to his charity
called Girls Inc. Over the course of the bet the
S&P 500 index fund returned 7.1% compounded annually,
significantly more than the average of 2.2%
for the experts. Buffett has advocated putting the bulk of our investments in a
low-cost index (he said Vanguard’s
500 index). For those who follow his advice, this bet confirmed his
statement that “a
very low-cost index is going to beat a majority of the amateur-managed money or
professionally-managed money.” Why don’t more smart people follow this
advice? He thinks it is because they think they are smarter than everyone else.
Instead, low-cost beats high-cost every time studies show.
Double your money every 8-10
years: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
Can you really earn a second job
income by trading?
You may have heard an advert that
you can make another income from trading if you take a course at places like https://www.tradingacademy.com. They
say they break down the concepts of trading into easily digestible pieces and
provide an overabundance of online trading resources in addition to classroom
training. You get a free class too. I am sure the OTA management does earn a
second job income but you are not likely to learn anything more than ‘how to
lose at day trading.’ For $60,000 tuition, they are laughing all the way to the
bank. You know that if they really knew anything about investing, they would
NOT be wasting time with this marketing firm. Read the reviews: https://daytradereview.com/online-trading-academy-review/.
I made over 13% in my NON-trading account in one year. That’s $78,800 just from
NOT trading.
Earn 11% per year over time: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373
****************
Make America, “The Don” Great
Again
Trump’s Gestapo
ICE troops break into house in front
of kids
FBI
finds answers in ‘The Don’s’ consigliore’s office/home/hotel
Trump thinks the govt is ‘conspiring
against him.’
(Dictators often have delusion
they are being attacked by insiders)
Putin’s influence: Manafort,
Flynn, Gates, Page, Stone, Papadopoulos, Sater, Zwaan jailed,
Prince,
Jr,
Jared,
Sessions,
Cohen,
Yohai,
Freidman
(program
guide to the actors)
Fake ‘Witch Hunt’ produced 5
guilty; 17 indictments.
“The
election is going to be rigged—I’m going to be ‘honest’”
Could Trump postpone Nov 2018
election using excuse of Putin meddling needs fixing?
************************
How Govt wastes our money: Congress
spends $1.3 Trillion we don’t have!
$178 BILLION tax
cuts (lost revenue) goes to stockholders—our taxes paid them record!
Toxic
water report blocked from release by EPA: Trump fears we might get mad.
GOP passes 142 of 172 legislation changing
names of post offices. And big bonus check.
GOP
allows banks to go back to dangerous trading with our money.
Russian
bots changed election results in Trump favor and it costs $ millions to
find out.
SCAMS/SPINS:
Harden schools
w/bars/gates like prisons. Father
gave killer his guns. Used vid games.
Trump
blames Obama for surveillance AGAIN. Base believes FBI out to get him.
Trump cancels auto loan
protections so dealers
can charge non-whites more.
Trump
trade war is over—‘Nobody knew trade could be so complicated.’
Trump’s
Nobel bid is over—‘Nobody knew diplomacy could be so complicated.’
Clapper, former DNI says Russian attack actually threw the election
to Trump.
IRS says
some tax pros are being hacked by cyber thieves for client data.
Jobs:
Jobs
from GOP tax cuts reduced – corporations paid themselves instead of new
jobs
Supremes
take away fundamental employee right: force arbitration so cannot sue
Women
desperately needed in financial services as advisors and managers
Who owns your account now?
Update
your address for new SS card: https://www.ssa.gov/myaccount/
Why we
switched from a savings account to a serious
wealth-building account.
Mortgage
rates went higher and it pays $ thousands to join a credit union
Can we trust Ari
Melber to explain the legal case against POTUS?
Miracle:
TX gov says “we
need to do more than just pray” TX
to disarm?
22
school shootings (dead or injured). 13 troops in other wars: humans
kill their young.
Evangelical
women reject male dominion preached by ‘men of God.’ Reject
autocrats.
IAN
41 Watchung Plaza, B242
973.746.2014
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