The Best Annuity
Strategy
^Create a stream of income at low cost
^Keep your nest egg growing to beat inflation
^Build assets for medical emergencies and a legacy
^Use the Warren Buffett retirement strategy
We need a strategy to succeed in
retirement too
We want to have enough money to do whatever pleases us and
yet we don't know how long we will be able to do those things we love. We can
create an inflation-proof income for the rest of our lives without giving up
control of our assets.
Is your employer costing you HALF your retirement money?
Employers like ABB
are warned—cut 401k fees or pay $13 million to reimburse employee participants.
ABB, Inc did not “monitor its plan’s internal costs and paid excessive fees by
not negotiating for rebates from investment companies whose funds were offered
in the plan.” According to Vanguard’s John Bogle, you can give up 63%
of your nest egg when your 401k mutual fund fees are high. Don’t let your
employer gamble with your future: http://www.amazon.com/Tune-your-401k-EARN-Tax-FREE/dp/1490591028
Your fees give brokers big raises
Major firms boosted payout for their top managers last year
as they place more emphasis on advice division. Gregory Fleming, the president
of Morgan Stanley's wealth and investment management units, saw his bonus jump to $4 million, up 62%,
according to filings. “And if you're charging fees on average assets over
each year, it can provide predictable fee streams over multiple years.” When
your account grows, your advisor’s grows even more. Keep what you have earned: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137
WARNING Variable annuities can hurt you
Variable annuities could spell double trouble for brokers
who eye fat commissions but ignore
the rules in place for protecting investors.
Brokers can earn 7 percent or more in commissions on these
insurance products, but when they sell them to consumers who aren't a good fit
for them, they can face the wrath of regulators as well as investors who try to
reclaim their money by filing securities arbitration cases.
At the Financial Industry Regulatory Authority, Wall
Street's industry-funded watchdog, variable annuities follow stocks and mutual
funds as the third most common source of complaints. They include one from an
elderly investor who will be 102 before he can access the money he locked into
his annuity. This warning was sent to your broker:
MetLife brokers caught pushing annuity
scheme
Two former brokers for MetLife Securities allegedly engaged
in a seven-year scheme to inflate commissions by having customers switch $21
million in annuities, says regulator Finra in a complaint. Use the annuity
without a 7% commission: http://www.amazon.com/Your-FREE-Annuity-Stream-Lifestyle/dp/1497438616
GOP Presidential slate being decided this weekend!
Potential 2016 GOP
candidates court mega donor Adelson ($38 Billion) during Vegas weekend. If
Adelson likes what he hears at his Republican Jewish Coalition, he might give
winner $100 million like last election. Always follow
the money.
Supremes decided to let the rich decide election results
from now on
If you're rich and want to give money to a lot of political
campaigns, the Supreme Court ruled Wednesday
that you can. Just like their Citizens
United decision, those with money can now have unlimited influence on who becomes President and Congress so they
can provide subsidies to their friends. If you are rich, you can pay the
candidates for access on your issues. If you have a company, you can let your
lobbyist pay the candidates indirectly. Either way, your taxes will go to what
they want not what we need. Two Americas .
Koch brothers can now pay for any and all
elections—President and Congress
Total spending in the 2012 federal election - for the White
House and every open seat in Congress - was $6.3 billion. Each of the Koch
Brothers is now worth about $40 billion. They each gained about $6 billion
(15%) last year.
How much does our vote count?
ObamaCare saves money for young insured too
Young people with expensive health insurance (employer does
not offer coverage) may be saving hundreds a month due to the ObamaCare subsidy
for low wages. Subsidies can be over $200 a month, paying almost the total cost
of a silver comprehensive plan. Don’t
let Exxon take all the subsidies. Use your share to get what you need: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
Ted Cruz asks his Facebook ‘friends’ about Obamacare, gets
an earful
It's probably fair to say that he didn't expect the tsunami of "YES" votes that have shown up on the page among the 47,000 that Facebook says have been posted. Respondents have listed, among other things, their newfound ability to obtain coverage despite preexisting medical conditions, the right of young adults to stay on their parents' policies to age 26, lower premiums and the end of lifetime benefit limits.
It's probably fair to say that he didn't expect the tsunami of "YES" votes that have shown up on the page among the 47,000 that Facebook says have been posted. Respondents have listed, among other things, their newfound ability to obtain coverage despite preexisting medical conditions, the right of young adults to stay on their parents' policies to age 26, lower premiums and the end of lifetime benefit limits.
Tax overhaul domed before it even gets a hearing—lobbyists
kill it
The twist reflects how lobbying
in Washington — and the millions of dollars in fees that lobbyists collect — are
often about stopping action and preserving the status quo. Whenever Congress
considers major changes to the tax code, lobbyists buy “insurance” on both
sides of the fight. It also reflects a pivot by lobbyists who had spent months
cheering Mr. Camp’s three-year effort to draft this giant package, given that
its stated purpose was to lower corporate tax rates and simplify the tax code,
and who are now working to make sure that the tax package never becomes law.
Cellphone use causes accidents
The National Safety Council's annual injury
and fatality report, "Injury Facts," found that the use of
cellphones causes 26% of the nation's car accidents, a modest increase from the
previous year. The 2014 edition of the report compares data from 2013 and
earlier. Only 5% of cellphone-related crashes occur because the driver is
texting. The majority of the accidents involve drivers distracted while talking on handheld or hands-free cellphones. It
is the distraction of communication that kills. IL bans hand-held cell use.
Why let people build in unsafe areas?
After Sandy , the
Oso
landslide in Washington State brings this question again. But things are
rarely simple when government power meets property rights. The government has
broad authority to regulate safety in decisions about where and how to build,
but it can count on trouble when it tries to restrict the right to build.
“Often, it ends up in court,” observers say. Perhaps as more expensive
cleanups raise all our insurance costs, it may occur to Congress to ask those
who live in dangerous areas to pay more for the “right” to live dangerously.
Our “Reps” in Washington just did
the opposite. They reduced the cost
of flood insurance for homeowners living in the new flood zones. This means we will all pay more. Many clients in
NJ saw rates soar even though they had no claims from Sandy .
So, danger lovers, enjoy the shore and mountains while you can!
“Deficits don’t matter” Dick Cheney told the Treasury
Secretary in 2002
As of March 2014, American consumers owed $11.52 trillion in
debt, an increase of 1.6% from last year. The average household owes $7,115 on their credit cards and the average
indebted household owes $15,252. A 2013 study by the Employee Benefit Research
Institute found that nearly half of workers had
less than $10,000 saved. http://www.amazon.com/The-Simple-Financial-Life-paycheck/dp/1441499326
Torture helped us find terrorists, Cheney said—also a lie
Torture does not produce good answers according to FBI and
actual CIA officers. Americans need good analysis of actions to made good
decisions. We aren’t like military regimes that make up the “truth” to do what
we want … or are we?
Killing people OK in FL and at auto makers
Apparently, it is OK to kill
people in FL if you SAY you FELT threatened or if you are a big company
making cars that you know can fail from preventable cause and people are
killed. GM
is the latest auto maker to hide behind legal BS to avoid responsibility, just
like some people in FL. Romney was wrong: Corporations are NOT people. They
don’t go to jail, they just go bankrupt, get bailed out and pay a fine.
SCAMS Why are
we still paying $700 Billion a year
for WWII deployments?
We are paying for 164,253 of our active-duty armed personnel
to be in 150 countries around the world. We have about 50,000 in Japan
and 50,000 in Germany .
Are we preparing for WWII again? There are 1,208,083[1] armed
personnel in the United States .
Our taxes pay for about HALF of the WORLD’s military expenditures
every year.
We just can’t afford to pay for everyone else’s defenses
anymore.
DoD head Hagel
proposes budget cut but still pay for Lockheed F35 plane failures.
Transamerica
Financial Advisors overcharged
thousands of clients by failing to uniformly offer breakpoint discounts
across the firm, even after regulators pointed out the problem at one branch
office, the Securities and
Exchange Commission said.
The St. Petersburg , FL Washington
on Thursday.
Who owns your account now?
IAN
41 Watchung Plaza, B242
973.746.2014
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