JPMorgan counting on us buyandhold investors to save them

Turn off your RMD auto-distribution: don’t sell shares now

Those of us with automatic RMD distributions may want to suspend this service temporarily. We have until December 31 each year (unless this is your 1^st year) to take the amount required from qualified accounts in order to pay tax on the gains. Taking your RMD at the bottom of the market will cost you more precious shares than previous years. Don’t LOCK-IN your losses! I put an alarm in my cell to tell me to switch RMD distributions back on in July, Aug, Sept, Oct, Nov or December just in case I forget. We must take our full calculated RMD by December 31. Our past schedule is void. Hopefully the market will regain some of its 25% losses by then. You can do this on Vanguard’s account summary page with the link in right column:
“Required minimum distribution”

Know your RMD rules: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

It took 4 years for the stock market index to recover from 2008 lows

Depending on your portfolio profile, it will take time to recover from this stock market correction. If you use the stock market as your checking or savings account, you will suffer when you sell. If however, you are a long-term investor, just turn your head from the daily gyrations and BUY like Buffett. Last year the stock market gained 31%. The long-term average is still 11%. If you pay your advisor 2% you will have to wait a longer time. If you think of your money in terms of short- and long-term reserves, this correction has no impact on your ultimate goals. John Bogle, founder of Vanguard, said that you can control what you pay for advice not control the market. Giving away 2% of your long-term money will decrease your final accumulation by up to 63%. “Over a 50-year investing lifetime, that little 2 percent fee will erode 63 percent of what you would have had. As Bogle puts it, “the tyranny of compounding costs” is overwhelming.”

Let the ‘Bs’ guide you: https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment-advice/dp/1523693045

Why market timing does NOT work

JPMorgan found that the 40 best days accounted for more than the entire S&P 500 return from 1993–2013. If you miss the best days trying to time the best exit and enter days, you end up with returns just above the inflation rate: 3.79%. Buffett says: “The stock market is a device for transferring money from the impatient to the patient.” We need patience while it is going up and going down. “A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money.” Why? Because no professional has beaten the market return over time. They say they have but they picked two of their lucky days to market their hype. Research: from 1871–2016, the 5 most positive monthly returns in S&P 500 history came in the 1930s as the U.S. came OUT of the Great Depression.  Time to BUY: smart money moves to Vanguard.

Stay invested to win: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

JPMorgan counting on us buyandhold investors to save them

Speculators who send stocks down by selling to avoid the lows in a panic like the current one are counting on us long-term investors to bail them out according to JPMorgan. Strategists at the bank reckon there’s a good chance that buy-and-hold managers like pension funds, insurers, sovereign wealth funds and the like are ready to stabilize markets with stock buying in order to rebalance their portfolios away from bonds. Stocks have fallen so much that many institutions will be forced to sell bonds to rebalance their holdings. Some analysts say that rebalancing is not necessary since stocks and bonds eventually rebound to their original ratios in the long term. Rebalancing is actually selling winners before their time. It is a form of market timing. Tortoise not hare wins.

https://www.amazon.com/Dont-Re-balance-Your-Portfolio-Research/dp/1508802386

How teacher 403b plan advisors get paid

Teachers may be losing HALF their potential retirement funds to advisors and plan sponsors. Some 403b plans are actually annuities with excessive fees—2.5% a year plus recordkeeping fees, maintenance fees and contract fees. You might be contributing a great amount of your salary every year—$4,400 a year—but plans are taking $2,000. If you invested in stocks and your account grew to $500,000 by age 66, you would be paying over $12,000 a year for few services. Services would be in the form of a telephone service center, not a live advisor. Even though your school organization is charged by law to provide fiduciary duty (best options for you), they contract it out to an insurer or other “third party.” There are so many ‘mouths’ to feed that you are left with the crumbs. 401k plans at larger organizations are now repaying their workers after many years of overcharging for retirement fund services. Your teacher union may have already started action against your 403b plan administrator. Robbing you blind.

403b robbery: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

Who got rich from the last bailout?

Your tax dollars are going to make many rich people richer. During the last bailout crisis, even the foreign banks and profitable firms  got money they did not need. None of them said no. This time Boeing, which killed a lot of people from bad management, wants $60 BILLIONS of our money. The whole leisure class industry wants $BILLIONS including The Boss’s hotels, golf resorts, and global properties. Most of those crying for bailouts had large surpluses from huge profits during the last 12-year bull market. They spent it on themselves—buybacks, CEO bonuses, more jets, etc. Remember, many of these firms have paid no taxes for years. Like The Boss, they have used every trick in the book to avoid paying their fair share. An unbiased analysis of this situation would be that America is a socialist country for the rich. We pay subsidies to profitable firms and have been doing so for decades. Subsidies to the elites is what American is all about. Even our Reps use info illegally. Lobbyists tell our Reps what to subsidize in return for election money. Why are we still providing oil, coal and gas subsidies to profitable companies? Trump pays oil/gas companies when the oil/gas market price falls. He promises agribusiness price guarantees and support payments to keep that group voting for him. The national debt has surged from $20 trillion to $23 trillion since Trump started. He promised to pay it all off.

We keep paying: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

File your taxes for free

TurboTax and other for-profit tax prep firms are due to raise prices soon. If you have your documents, use your favorite software now and file your tax now for refund. The payment, if any, can be in July; the filing should not. Rumors confirmed: filing delayed to July 15. Check your state for deadline. The federal and state filing can cost you nothing at https://apps.irs.gov/app/freeFile/. Another site has no cost or restrictions: https://www.creditkarma.com/tax. And remember you can usually reduce income and thus tax by making a deductible contribution to your IRA. File now for refund: 90 day interest-free extension if you owe.

Filed already: refund status: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp

Save for a long life: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

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

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

Mob Boss: “I don’t take responsibility at all.” ‘I quit’

Mob Boss and his lieutenants have not been tested since it is a hoax

Mobster’s mob will test everyone else but the Boss and VP

Mobster: “The markets are going to be just fine, just fine.”

Mobster’s hotels/clubs get $650/night/SecretService guards

Mobster to hide bad news on jobs: re-election in view

How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have! 

Opioid lawsuit lawyers to get over $3 BILLION: Prosecutors get vote $. Victims get __?

Anti-robocall law signed but no effect: still 4.7 Billion calls in Jan. Doubled since 2017.

Pelosi passes free screening, unemployment funds, some leave, some food, T cuts food stamps

States told to buy their own corona supplies but Trump out bids them for stockpiling use later.

His ‘Hoax’ proves His Wall is not worth the money: businesses still hire undocumented

Vaccine trials begin but takes a year to know if it works: How virus spreads to each age.

Do you have lobbyist to get you a bailout too? Airlines, casinos, ships, surplus spent ‘18

McConnell’s bailout to his ‘friends and family’: "industries of national importance" Socialism

Congress persons use insider info to sell their stocks before we knew corona pandemic. Felony!

SCAMS/SPINS:

The ‘Hoax’ is NOT going away as predicted: Science can help if The Boss forgets self.

Trump: My Wall will protect US from coronavirus: except sick who already fly here

“Someone else” fired the national security team for pandemics. “Nasty questions?”

Navy hospital ship not available for emergency: being painted.

GOP asking sitting judges to retire so The Boss can install his kind of ‘justice.’

GOP hinders changes in voting measures to block more Dems casting votes.

IRS borrows to cover delay in tax payments and Boeing etc bailouts. We pay interest bill!

Congress gives virus mask makers protection from suits if masks are junk. We lose

GOP conspiracy Jones pushing his products to treat corona: propaganda of worst kind.

Politicians, foreign and domestic, using pandemic to move public fears!

US leadership reached its bottom with corona: Just propaganda game to them.

You can be murdered in your bed by police: ‘The Public’ reported guns in house!

Gun and ammo sales surge in US with coronavirus fears. ‘Better safe than sorry’?

New hack strategy: I got an email from vendor with link to special document: FAKE

William & Katherine Alverson Healthient caught fraud to shareholders shares $4 mil

Denis Sotnikov FL caught selling $26 million fictitious high-rate CDs.

Christopher McClure CT caught selling bad paper with undisclosed fees

Stephen Peters VisionQuest caught $10 million ponzi loan notes fraud

Banks claim to help victims IF you can find branch that’s open: Still 24% interest charge

Wall Street Pros are panicking for qtr bonus: smart money moves to Vanguard to buy.

Ventilators too expensive for hospitals: we suffer

Avoid Alzheimer’s: study shows curiosity and an aversion to conformity keeps brain fit.

Health care sharing ministries policies cost this person $40,000: Saved by ObamaCare.

Hand sanitizer kills girlfriend in deadly fire.  

911 calls to police for toilet paper: OR police complain of calls—use salt-water sponge!

Corona in 5 days: from exposure to symptoms takes about 5 days on average.

MSC Meraviglia Miami passengers flew home: no one tested before spreading to country

Keep track of all the FAKE virus info: eg: blacks NOT immune to virus; test NOT costly

Kushner and brother CEO Oscar Health directing victims to Oscar’s own facilities.

Evangelicals’ Dead Sea Scrolls are fakes: $ millions spent--faith was not enough. Like Lost Ark

Jobs

An estimated 200,000 nursing positions to go unfilled at hospitals across the country. 

Shortage of priests in time of need

Amazon needs 100,000: corona self-quarantine drives online orders and takeout.

Doctors sleep in basements garages to protect their families. Hospitals full.

Who owns your account now?

REFI time? Fed rate 0% means lenders can earn all you pay on your money! WOW

3 states re-open ObamaCare for needy

Retailers forced to give sick leave: do you go to work sick for pay or lose job?

Miracle:

National Emergency: Are there enough test kits? Where to get tested if symptoms?

Out of blood? The “Hoax” causing shortage: BYOB bring your own? We can’t make it.

60,000 out of 80,000 people have recovered already from the coronavirus: most in 2 wks

CA man provides toilet paper to those in need from those who share: Hoarders note!

All NBA teams get tested but those with symptoms do not get a test: class system?

Vaccine discovery from stem cell research nixed by Pence: fear of election loss too great!

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

So how does your advisor broker survive on $0 commissions?

Happy Holiday

So how does your advisor broker survive on $0 commissions?

There is no FREE lunch especially in financial services. Schwab paid its chief executive, Walt Bettinger, an 8.9% compensation hike in 2018 to $15.6 million (down from 2016 of  $19.54 million), about 150 times the firm’s median employee pay of $104,281. Charles gave himself $6.05 million, up 9.6% from 2017. Like others, Schwab had a profit margin of 45%. So how do we give them so much money if not in commissions? Firms execute others’ trades: Selling order flow. Firms earn interest on your cash. Earn from loans: margin trading and options trading. Earn from money management accounts: quarterly fee for ‘holding’ your money. Securities lending: covers shorts. Remember, most firms have such huge economies of scale that trading millions of shares a day at only 10 cents each is worth $ millions for senior management. Some firms are market makers and so have a virtual monopoly on certain markets. For instance, two former Deutsche Bank traders were found guilty of trying to rig a key lending benchmark (LIBOR) that was considered one of the most important barometers of the world’s financial health. Some brokerage firms are also capital creators selling IPOs: the stocks of new companies for big fees. There is no need to pay for advisors. Amateur traders usually lose money. Most smaller active stock managers may become history since beating an index is too hard.

Avoid making Wall Street richer: https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

Congress just gave insurers and salespeople a big bonus

They passed the SECURE Act, "The SECURE Act will make it easier for employers to offer as part of their retirement plans annuities that provide a guaranteed stream of lifetime income," says an insurance lobbyist. Employers and their retirement plan person can entice us into high-cost plans that lock up our retirement dollars into an insurer’s vaults. Using industry trick-phrases like “guaranteed income you can’t outlive” and misleading charts with best possible outcomes, employers can wash their hands of any future responsibility for the inevitable low payouts down the line. For instance, when we chose an annuity of $1000 a month in 2020, we will have no recourse when it buys only $500 a month benefits later on. Currently, a retiree can shop and buy the best annuity deal out there with their money. Under SECURE, employers will be able to escape any future lawsuit when an annuity ‘guarantee’ goes wrong. We are NOT secure with SECURE.

Learn the annuity facts: https://www.amazon.com/Annuity-Decision-Tree-questions-answers/dp/1546454497

How much IRA money should you convert to Roth IRA?

If you have a good idea how much income and thus tax you will pay for 2019, you can calculate how much IRA money to convert. If you file jointly, your $100,000 earned income puts you in the 22% bracket. With the standard deduction of $24,400, you can estimate the amount of IRA income to be taxed on for the year. You can convert to a Roth IRA as much as you can afford since the $7,000 limit on contributions does not apply. Example: $100,000 - $24,400 = $75,600. With $5,000 added income (SS, pension, interest, dividends, gains, etc) you can convert up to $88,000 without hitting the 24% bracket. Of course you will owe an extra $19,360 tax on top of the $17,600 AGI income tax. Pace it out over time. Use the FREE efile software to calculate: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free: now open: https://www.freetaxusa.com/ .

Pay no tax in retirement: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

How much will you be required to withdrawal from your IRA 2020?

IRS expects those over 70 ½ years old with a traditional IRA to take a certain amount out and pay tax on the taxable amount. Your IRA trustee or custodian reports your year end IRA account balances to the IRS and if you allow, calculates your RMD for the year. IRS tables tell us the divisor based on your assumed longevity. RMD is the ‘minimum’ you need to acknowledge and pay tax on. You can take more and pay more tax now. The IRS leaves it up to you to report how much of the RMD is taxable each year. Some people added already taxed money to their IRA (before the Roth IRA) so no need to be taxed again. You can adjust that RMD by removing money from your IRA and paying more tax before year-end. You might do that if you have no income other than SS benefits or you had to meet an emergency. Reducing the IRA balance by year-end will lower the RMD for the rest of your life. Thus if you have a $100,000 in your IRA your RMD is $3,773.58 because you are expected to live 26.5 years more when you are 71. If you took out $20,000 the year before the calculation, your RMD would be $3,018.87 the following year.

Know your options: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

How to fight health care overcharges by your providers

Recently I got a bill from my colonoscopy provider. I thought all screening procedures are FREE since my expensive health care plan is usually excellent. My employer told me on my W-2 box 12a that my shared cost was $26,920.68. I did some research and printed out the FREE screening protocols for ACA ObamaCare compliant health plans. The ACA Preventive health initiative by Obama is meant to reduce long-term costs by catching problems early. I assumed my provider knew this when I confirmed that all the costs of my procedure would be covered. So I sent a copy of the ACA regs to the provider’s billing address with a note that I was covered. They just sent more bills and emails for months. The doctor’s office ignored me. Like in the movie Rainmaker, we pay premiums and the insurer-doctor complex assumes we will give up fighting. Since I knew they were wrong, I wrote a letter to the CEO of my insurance company asking him to pay the bill and set the provider’s billing clerk straight. They called the provider group HD and told me I would not get another bill. Most people would just give up and be sued and perhaps be thrown into bankruptcy. It happens a lot since we have no power against the insurer-doctor complex.

Know what you are buying: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Vanguard cut fees AGAIN

Vanguard has cut some fees 20% for funds and ETFs. Why is that important? Over time you will earn and KEEP substantially more of your hard-earned money. If you are investing for the long term, you could give up $143,000 on $10,000 deposit with that 20% extra fee. Compounding the extra fees works for your advisor just as well as it can work for you. This fact never comes to mind for most of us because our employer’s HR person never tells us exactly and completely what our 401k or 403b investments cost. Some of them don’t know. Most of us have no idea which options are best for us when we start our plan. Some employers don’t even look at fees when giving the plan advisor the annual check up. Even if they know what the fees are, they don’t care because WE are ones paying them. It comes out of our earnings even before our earnings are credited to our accounts. We don’t see them. Our employer has the fiduciary responsibility for choosing the best options for US not the advisor. However, most employers don’t take their duty seriously and this has led to many lawsuits. Over time, this can cost you over $100,00 in lost earnings on your invested money.

Check your options: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

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

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

GOP losing members and identity

GOP already drank the Kool-aid: no evidence necessary:

Mob boss never has live witnesses!

Letter by 700 impeachment experts

Trump’s desperate ‘jailhouse’ letter

Trump personal attacks on dead Congress member’s family: “look up” from hell

How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have! 

35% charter schools funded by federal Charter School Program never opened or shut.

$ Trillions: Afghan army incompetent, poorly trained, corrupt, riddled with infiltrators.

Trump fights for his useless WALL instead of lower drug prices from drug companies

Can Congress do something worthwhile? 54.6 billion spam phone calls placed.

Why can’t Trump negotiate lower drug prices or buy from foreign countries?

Trump will reduce SS benefits for the disabled: cuts to pay for tax break for wealthy

Medical fraud is easy: scammers have taken gov (us) for $ millions.

SCAMS/SPINS:

McConnell GOP bending down to Giuliani’s ass for impeachment: Judge Roy Bean

Supremes help Trump hide his Russia money-laundering till 2020 and beyond.

Truth is the greatest victim of this fight to the death for GOP view of ‘democracy’

Putin has Trump’s back: Russian dictator echoes GOP “made up reasons” Ukraine did it

GOP compares Trump to Jesus: Trump treated worse, GA rep says. Lincoln shot.

Voting machine makers can’t account for security of our voting tabulations

WI removes 234,000 DEM voters from rolls to assure WI goes to Trump again.

GA takes aim at eliminating 309,000 DEM voters: voter suppression for 2020

KY went Dem and removed Medicaid work restrictions placed by GOP recently

Jeffrey Friedland promoted weed investment w/o disclosing he got paid fined $4.2million

Windhaven Insurance FL insolvent taken over by the state for lack of surplus funds

Mormon Church caught using the tax-exempt donations to prop up a pair of businesses.

MetLife caught cheating annuity beneficiaries out of $ millions: Fine, no jail time.

Robinhood broker order flow failed to guarantee receive best prices: cheap but not best

Samuel Lek caught manipulative trading for foreign traders using master-sub account

Ryan Skinner caught using scheme to have seniors liquidate securities to buy annuities

BEWARE: Advisor sells annuity promising LTC benefits: pay extra 1% for no coverage.

QBI ends in 2025: Roth may be better tax-advantage later than 20% cut now

Harvey Weinstein accused sex criminal has his insurance pay 30 victims $47 million 

Hype of 5G: different types may not match your phone, coverage areas, speeds-too early.

Antidepressant use by children jumps more than 20 percent after a school shooting

Who owns your account?

Don’t take your phone to do your crime: Govt will find you using Google data.

Govt will take your legacy if your heirs don’t withdraw and pay taxes in 10 years.

Fiat Chrysler and Peugeot merge: Fiat family run with French twist

Jobs

Retirement isn’t for everyone: some people just have to work—it’s their joy.

Employers tricked by health insurance brokers so we pay more

Miracle:

Oceans getting more acidic: CA waters double the global rate. Australia hits 105.6.

Impeachment rallies: #NotAboveTheLaw rallies

Pope finally turning over criminal child abuser files to the police only IF requested.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

Your retirement plan takes 63% of your nest egg?

How much has YOUR retirement plan stolen from you?

The people who work for non-profit institutions often have the WORST retirement plans.

In fact, millions of people—teachers, clergy, nonprofit and charity employees who have NO say in their 403(b) plans—may be losing $10 billion each and every year to middlemen who do little to help them, according to Aon. Over your lifetime of saving—and teachers are some of the best savers—your fees will erode 63 percent of what you would have had. Fees go to sales people you have never even met. In short, because of the financial products forced on you by your employer, you may end up with $100,000 instead of $150,000. Your union and your employer actually went along with this HUGE rip-off knowing (kickbacks) the plan options you had to take were not the best. There is no oversight of the insurers and mutual fund firms that take fees up to 2.5% instead of the normal 0.5%. 403b plans are their “cash cow.” These firms know you know nothing about investing, so they throw hundreds of costly options into your plan in the name of choice. Worse, some public employees will not receive Social Security. Most honest advisors use index funds or ETF for unsophisticated retirement savers. And the rip will go on since the new Fiduciary Rule (client’s interests first) does not cover the 403b.

Make your own low-cost pension plan: https://www.amazon.com/Forget-Social-Security-Medicare-Lifestyle/dp/1466394285

Is a market index mutual fund right for you?

What criterion do you use to decide about your advisor’s recommendations? Do you try to understand why that security is picked? Can your advisor tell you why this one will help you reach your goals in what time period? What are the alternatives that might entail less risk? Index funds and ETFs (commissioned index) replicate a market return if they have low fees. Cost is the best predictor of your investment success. So that is the first question I ask. You need to know about the history of a security/company you buy. No investment product is perfect so you may be safer with an index that contains 500 companies not 1. Broad market indexes are popular because you’re buying many firms. This protects you from one firm or sector failure. Stocks have higher returns when you hold them for over 15 years so for that part of your investments, they are right for you. If you need another part of your money to be there when you need it in less than 15 years, a low-cost balanced fund with bonds can provide 9% a year. http://www.saferchild.org/power/

Vanguard’s best funds have provided over 11% over time: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

How much can you invest in your retirement account in 2017?

IRS just announced the new 2017 limits in https://www.irs.gov/pub/irs-drop/n-16-62.pdf. For IRA and Roth IRA contributions, it remains $5,500. For 401k, 403b, 457 and TSP it remains $18,000. A deductible IRA cuts off at AGI of $196,000 if you have no plan at work. It is $119,000 for marrieds who have a plan at work and $72,000 for singles. For those of you in company pensions using 430c2d excess employee compensation you have a special election up to $1,115,000. If you already have a healthy IRA, you can convert any part of it to a Roth IRA making it a tax-FREE shelter for the rest of your life and your heirs. This can be your family legacy plan at no extra cost too.

Tax-FREE income: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Your vote counts? Lobbyists guide government decisions no matter how you vote

When a large corporation has a problem with the government, who do you think they call to fix it? They call their lobbyist like Teneo. They pay our former President, congress person or Speaker of the House to go talk to their friends who still collect measly ($100k) government paychecks. They take them to lunch or pay for this or that. Voilà the decision comes down that fixes the problem. What Teneo and others are selling is access. Corporations buy “juice”; influence and it is a deductible expense to them. “The ability to bring business and political leaders together to meet the C.E.O.s was all part of the selling point.” $1 million a month buys all kinds of influence in 12 different areas—regulation, security, negotiation, diplomacy, financial, etc. For instance, Ms. Abedin worked for Teneo while simultaneously worked as Mrs. Clinton’s aide in the State Dprt. There are over 10,000 lobbyists “running” this country. Don or Bernie don’t have a chance. You need “juice” to change things: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

Use your Tax Credits to avoid income taxes like Trump

Most of us receive only 4% of federal tax breaks like food stamps and Earned Income Credit if you are poor or the property tax and mortgage credit if you are middle class.

The Tax-Credit Class pays less income tax with capital gains and dividends because it is “unearned.” So if you actually work; you are taxed MORE. For instance, Warren Buffett pays 17% on earnings while we pay 33% total tax. The Tax-Credit Class pays NOTHING on assets they got from a “rich uncle” and on their home when they sell. Most of us don’t “itemize” so we lose all kinds of tax credits. We pay 33% of income for many taxes. We are nickel and dimed for 97 kinds of taxes. The Tax-Credit class deducts medical expenses, job hunting and work expenses not reimbursed by others, deferred compensation (bonus and stock portfolio worth more later), investment loans and costs, investment losses, stuff they lose, stuff they own. They can eliminate income tax by listing losses from buildings, race horses, farms, oil, leasing and businesses they own as partners, LLCs, C and S corps. Trump actually deducted $916 million but most of it was other people’s money. Some bank debt was cancelled which normally is taxable but not after RE lobbyists got Congress to change rules in 1993. Trump is tax-FREE for 18 years.

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

Reality TV or ‘debate’ I can’t watch—like Jerry Springer show?

Which liar will win American’s vote?

Neither can re-create jobs of the good old days!  We don’t see either one as President.

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

           

Trump Network: Don’s son-in-law, Kushner, to start Trump Network Now on FB

            You know I couldn’t live on the Presidential salary—a “step down” for me.

Don:    “now we're supposed to send them out of the country, I don't believe in that” 2012

            Invading Iraq? Yes I guess so. I wish the first time it was done correctly. 2002

            There are now a dozen who claim I was a bad boy—suing each one on 11/9.

            At least a Las Vegas paper endorsed me. Most supporters don’t read anyway.

            Putin getting ready for war—Making Russia Great Again. US troops to Poland

            Liberty University students say I am the antithesis of Christian values—Rigged!

            I gotta be numero uno. Fear public embarrassment most.

            Putin aide emails hacked: started Ukraine war and cyber war for power.

            “we should just cancel the election and give it to Trump," megalomaniac says.

“I can shoot somebody on 5^th Ave and wouldn’t lose voters.” Well, maybe U.S. women.

            Worst campaign? Maybe I didn’t really want to be President. I have job already.

Mike:    Polls are rigged so we spent more on hats ($3.2 million) than on polling $1.8 mil.

           

Hill:     “pay no attention to the polls.” FL leaning to Trump so “no complacency” please

            Congress ALREADY set for my public “hanging” in Chaffetz committee.

            Don says I met ‘international banks to plot the destruction of U.S. sovereignty’

Tim:    "Florida, you guys are a checkmate state" 

            Trump promises to settle his scores [suing accusers] in first 100 days as POTUS.

This election like 1964 LBJ Goldwater: Gen Jack Ripper believes only he can save us too

GOP WI  refused to open polling site believing it would favor Dems.

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

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill                requires impossible: every person in class action suffer “same type and scope of injury”)

               Supremes stop us from suing—State courts no longer available to sue corporations!

Where were regulators—ITT stole $400 million from students and US? Lobbyists won.

ObamaCare: 44% favorably 47% unfavorably. 2/3 Dems 1/3 GOP say it’s working well.

William W. Gammon Towson, Md. Sold unsuitable investments given the clients’ ages

Lee D. Weiss of Boston sold unsuitable investments

Carolyn C. Kaufman, Hudson, Ohio, involvement in a case involving forgery.

Watch out in CO: Bud trucks are on auto pilot and may not see you going for a Bud.

IRS claims to have stopped fake ‘agents’ callers asking for tax bill payments. Hang up.

But IRS bill collectors do call to collect taxes since Congress passed law. Don’t hang up

Trump Toronto near bankruptcy: another Don deal gone bad—investors duped.

Christie: all 7 people lied about my directing Bridgegate. Kelly: I was “a scapegoat.”

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

CR best cars to buy

Buick has come up in the Consumer Reports tests. Honda and Subaru have dropped. Lexus and Toyota have remained on top. Poor showing for Jeep, Ford, Tesla, Caddy.  Slightly used cars are a great bargain. You get the benefits without the new model troubles. Most reliable are the old favorites—Camry Accord Lexus.

And don’t forget your new insurance discounts: 

Do you still need to spend over $25; even $50 a month on cell service?

There are alternatives coming every week for those who need fewer bits every month. Now that you know your usage, it may cost you less with another plan. These plans range from $0 a month to $15: http://www.mymoneyblog.com/list-of-cheap-basic-prepaid-cell-phone-plans-under-10-a-month.html

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. Body cams make it harder to plant evidence and stage scene for TV crews.

Police organization issued a formal apology for the historic mistreatment of minorities.

SCAMS: Feds “overpaid” National Guard to re-enlist and years later takes money back

Global warming: West Africa and Florida watching ocean take over more land

Christie as gov says his staff closed busy bridge traffic on their own: incompetent or liar?

Bundy’s armed rebels go free--“ruling will embolden other militants to use the threat of violence” 

Ignoramus Award: Feds pay people to leave job and fight; then want money back. Congress knew 2 yeas ago and did nothing. Why do we pay Congresspeople anyway? Can we get our money back if Congress does nothing all year.

How our government wastes our money

Feds “paid” National Guard to re-enlist; years later takes money back. Never again!

IRS hires bill collectors: "Encouraging federal agencies to robocall individuals only creates confusion that scammers will inevitably exploit to rip people off."

Where have all the jobs gone?

Twitter layoff “hundreds” of workers—8% of workforce.

Who owns your account now?

Time Warner to AT&T

Reynolds American to British American Tobacco

Scottrade to TD Ameritrade

Genworth Financial GE long-term care and mortgage insurance to China Oceanwide Holdings

IAN

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