Recession talk scare you?

Where to put your money if recession talk scares you?

There is talk of recession since people who claim they know economics get paid to scare us. Since no one knows for sure when and how this event will take place, we are on our own to decide what to do. Some are already running for their money market accounts even with low rates compared with inflation. Clearly stock and bond markets will be unsteady. Our choice, as always, will be decided based on our time horizon. Warren Buffett is looking for bargains at this point. He already had tons of cash. But he isn’t selling his portfolio as if the world will give up on capitalism. Long-term stocks will beat inflation. Our cash and bonds may help us avoid a big plunge in current account values. However, like Buffett, we should hold our long-term investments with a balanced approach. If we need cash in the next year we should have been accumulating it up to now. Many of our members have been buying the balanced fund Wellesley Income for years since it has maintained a return of over 9% since 1970 with low expenses.

No-worry money advisor: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Elder bankruptcy up

Bankruptcy has increased to 12% from 2% in 1991 for retired persons. Weakened trade unions, stagnated wages and the disappearance of pensions are among the factors that contributed to rising elderly bankruptcy. Many retirees also face rising medical costs as they live longer than expected and Medicare covers a smaller share of their health care needs. What can pre-retirees do? Contrary to what many people think, saving for retirement can help employees boost their ability to pay their student loans, according to a CNBC article. That’s because pretax contributions to traditional retirement plans can help minimize their adjusted gross income. Since the monthly student loan payments are based on AGI, a lower AGI could result in lower payments. “Any time you can put money into your qualified retirement plan at work, it’s always a good thing,” according to an adviser. The most important factor in avoiding a lack of cash later is using the miracle of compounding as early as possible. Compounding can double your money in 7-10 years. Thus doubling your 401k contributions to low-cost stock funds even at age 50 can improve your nest egg three fold. Warren Buffett says compounding made him wealthy.

https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513/

Is your advisor helping you this year?

If you are paying your advisor for money management—1-2% of your TOTAL nest egg—you have a right to ask this question. What is their track record? The market has provided 9% for the last 10 years including -37% in 2008 (2008-2018). So far in 2019, you should have earned over 17% with 11% long term returns. If that ‘professional’ advice you are overpaying for has not been useful, perhaps it is time to switch to Warren Buffett’s strategy. When you need special advice you could pay for it at the CFP’s hourly rate like a lawyer. $750 for 3 hour review of your plan vs $7,500 over 10 years of fees. Otherwise, Buffett recommends low-cost index funds. Morningstar has found that the most important determinant of investment success is the cost.

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

DIY Financial Independence: Freedom Workbook

Put your money to work so you don’t have to.

Use your IRS-approved tax shelter—Pay 0% on asset gains.

Accumulate $250,000, $500,000 even $1,000,000 tax-FREE. You achieve Financial Independence by having enough money to do what you want. When you don't have to rely on work to survive, you are financially independent. Playing it safe won't achieve it. You don't have to be super wealthy to become free of money worries. Financially independent people have one thing in common: they put their money to work so they don't have to. If you don't put your money to work, you will never be free.   'Compound interest' is the name of the process by which money makes money. You don't need to do a thing besides sending $250 to work every month. You earn money every time you buy things. You own part of the businesses. Compounding is what Warren Buffett counts on for success.

“My wealth has come from a combination of living in America, some lucky genes, and

compound interest.”

How much can your money earn for you? It depends on how long it works and where you put it to work. The best strategy is to use your Wealth Reserve to shield your money while it works in places you shop. You can use a special IRS-approved Tax-FREE account to avoid all tax on investment dividends, earnings and interest. You can also avoid the fees and commissions on this account. Your $250 a month investment may grow to $1,000,000 or more and it is all tax FREE. That $3,000 a year for 33 years ($99,000) compounds to $1 million if you put it to work: capitalism.

Put money to work: https://www.amazon.com/DIY-Financial-Independence-Freedom-Workbook/dp/1088908500

Women: Median Retirement Income Is 42% Lower Than For Men

An average working woman earns 21% less than an average working man. While a portion of this earnings gap is caused by different career and lifestyle choices between men and women, gender discrimination still sandbags women’s ability to earn an income and thrive during their working years. The gender earnings gap has implications for women as they age. For example, the average woman qualifies for Social Security benefits 23% lower than the average man. On average, women have life expectancies five years longer than men, requiring higher levels of retirement saving. The report’s authors also found that women face higher retirement health-care costs, needing an average of $140,000 by age 65 to have a 90% chance of covering their health care costs, versus $124,000 for men. Women have less income to accomplish higher retirement income needs than men. So women have a greater need to make their investment dollars grow faster than men. Warren Buffett recommends that we are more successful investors by being patient. Women are more successful investors because they are less likely to engage in rapid asset transactions. Buy and hold is often the best strategy.

https://www.amazon.com/Ensure-Your-Financial-Health-Wealth/dp/1466388293

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

Families torn apart by Trump’s actions sue $ billions from US not Trump. harmed or fondled!

Trump’s 2017 tax break for family recalled in Trump tariffs: we pay $1,000/year in tariff

Trump considers payroll tax cut to boost failing economy: He also claims not failing!

Trump plans capital gains tax cut: why even bother with Congress taxing authority?

Bank lobby killed rule that kept banks from making wagers with our deposits: Bailout II?

Pentagon cancels ‘missile killer’ project: saves US $1.2 Billion

SCAMS/SPINS:

Bundling your car and home insurance may not be as good for you as it is for insurer.

Trump calls El Paso mayor a RINO to his face: Weak dictators insult grieving to face.

NRA tells Trump to forget background checks: blame mental ill as diversion for votes.

Scam to steal your Medicare ID promise screening for cancer: suffer emotional abuse

Trump rallies are full: participants receive overtime pay from employers.

Now he is calling the Jews ‘disloyal’: his concentration camps are built and ready

Trump changes rules to hold immigrant families ‘indefinitely.’ Jail kids over 20 days.

Trump considers cuts to Medicare to trim deficit: Wealthy tax cuts created $1 Trillion

Trump to end your child’s birthright: we have to pay to buy our kid’s citizenship. Insane!

John Tillotson caught impersonating clients to transfer funds to his firm

Scott Strochak Castleberry caught fraud promised insured real estate returns

Sheraton caught letting legionnaires disease grow in water system: killed 1 guest

Insurance firms pay police/prosecutor to convict customers of faking theft/damage.

IRS does not send emails: do not open email from them

Jobs

The war for talent in the independent broker-dealer industry is real: Best get more fees.

CEO pay grown 940% since 1978, while workers’ pay only 12%. CEO’s power not skills

Execs get the raises this year: workers get discretionary bonus for top performers

Boeing hires to start delivery schedule of 737 Max

Goldman Sachs hiring coders to make trades: Program trading is dangerous like last time.

Who owns your account now?

Low cost places to live when you must start a new life on limited budget.

Vaping may cost you a lung: heavy breathing can give high too.

WV finds and returns $1.2 million in life insurance benefits people did not know about.

Why Robo callers can’t be stopped by government or tech or God: Window-dressing deal

Miracle:

Your lucky day: woman survives chute failure 5,000 foot fall—hit trees at 120 MPH

Miracle if Congress bans AR magazines: NOT for hunting; just killing: 41 in 32 seconds

Catholic teaching: the priest’s “racist” dog got black cleaning lady fired. He blames dog?

Trump retweet: Israelis “love him [Trump] like he is the second coming of God.”

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

What about cutting the 956 corp subsidies we pay?

What about cutting the 956 corp subsidies?

What about the subsidies to 956 profitable corporations?

Tax bill is not an ‘overhaul’ but a gift to rich. The 10% rate goes UP. The 39% rate goes down. More of us will end up in the next higher tax bracket because the bill shifts the income range of each rate. Old rate made taxes for incomes $$9,326 to $37,950 at 15% but new rate 12%, 25%, 35% makes income $9,326 to $37,950 pay 25%. If your income is over $418,000, you will pay less than 20%. Buffett, Romney, Kerry pay under 17%.

The average rate of the richest 400 Americans is just 20%. Taxing investment income at lower rate loses $1.3 trillion over 10 years. This is why you and I must pay more!

            ‘Overhaul’ means changing sources of revenue and tax “expenditures” known as subsidies and loopholes. We let hedge fund profits be taxed at lower rates because of special interest groups’ FREE gifts to Washington.  We give money to agribusiness to turn corn into gas. We give oil companies our money to produce gas too. We give our tax money to plane makers to sell overseas. Many corporations hide their money overseas so they avoid paying tax. We have been paying for the subsidies since 1980s. Trump says he has been waiting to give tax cuts for a long time. He paid ZERO taxes from 1995 on. Wealthy stand to collect windfall from Trump tax cuts like nothing in history. Tax cuts to corps like Koch Ind. used to buy elections and change policy issues.

Pay your fair share: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Wealthy pay only 17% or less now—few pay 39% or even 35%

Wealthy don’t need the government’s taxes. Wealthy people usually take their income as stock dividends and capital gains from assets they own. Like Warren Buffett with $78 billion net worth, they give themselves $100,000 or so in wages. They pay themselves in other ways. They receive stocks and the right to buy stock at a lower price with no current income tax. For cash, they borrow from their assets or a company they own. Loans are not income plus the interest is deductible to the business. They receive benefits from their assets like Trump, who does not pay for his room and meals at his golf clubs, hotels, office or restaurants. They fly on their own planes and rides. When their lawyers do their taxes, they hide their incomes inside special legal entities. Their staffs are deductible. As Buffett admitted, “I pay 17.7%. The average for the office staff including receptionist was 33%. Romney and Kerry pay even less.

Build assets not income: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce/dp/1540435148

Canceling estate tax for millionaires raises debt for us

You and I will never pay the estate tax which starts at $11 million per couple. Trump wants his friends to avoid tax so their families can create a dynasty. Actually, with tax and estate planning they would never have to pay it. Only 1 of 700 families pays this tax and we could use the $ Billions collected to pay debt. We will have to make up the $ billions treasury will miss if his bill passes. No reason that family farms had to be sold for taxes. Don’t you wish you had to sell your $100 million assets to pay the estate tax?

Avoid paying the extra debt: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Use Fact-based Investing not fantasy investing

You now have a choice: buy profitable company stocks at cost using the largest fund firm with licensed reps and FREE planning tools OR trust your salesman to give you hot tips.

Fact-based investing not fake facts from Wall Street marketing!

You pay no commissions or fees so you keep more of your money. If you are a long-term investor, you avoid giving up 63% of your potential accumulations because of charges. 

       First fact: John Bogle, founder of Vanguard Group, the largest mutual fund firm, found that over 50 years of the normal 2% fees on your portfolio, you can actually end up with 63% less than you could have earned. It is simple math: your money earns 7% but the advisor, firm and trading/timing take 2%. Instead of $1.4 million at $250 a month you end up with only $670,000. The average managed-account equity investor earned just 3.79% a year over 30 years ended 2014. Inflation was 2.7%. The market benchmark returned 11.06%. We can invest in a fund that tracks the benchmark at the low cost of 0.04% and so earn 11% over time. We can eliminate any current or future taxes on the growth of our money as it compounds in a tax-advantaged retirement account. No advisor or computer system has proven to beat the market returns over time. Use facts to grow your account: https://www.amazon.com/Fact-based-Investing-first-million-hardest/dp/1977574270

Cut taxes? Most large corporations pay no taxes already—No firm pays 35%

Trump and GOP want to cut taxes for corporations but most don’t pay taxes now. Many store their cash overseas so they can’t be taxed. We can’t do that legally! We must pay tax on all worldwide income and most of us don’t have a legal team (deductible) to avoid taxes with legal gimmicks. For instance, some like Google use the Dutch Sandwich to save $3.6 Billion in taxes. Others use the Double Irish to use foreign tax laws we can’t.

Some receive our tax money as subsidies even though they are profitable: Nike, Royal Dutch Shell, Fiat Chrysler, Ford, GM, Intel, Alcoa, Boeing. 75% of disclosed subsidy dollars have gone to 965 big companies. We don’t know the total value of subsidies to all business but it is in the $ billions. Corporations have the money to make jobs ALREADY we make jobs by consumers having money. GOP targets our deductions: we end up paying more taxes (10% rate raised to 12%) instead of corporations paying their fair share. GOP says they are NOT increasing our tax rates even though they are by changing the income brackets. The net effect is we will pay more. Business keeps its subsidies and loopholes and keeps 2.5 Trillion overseas. They send jobs overseas not make jobs here! GOP just pushed the deficit to 20 Trillion and tax cut for rich will cost 1.5 Trillion more!

And GOP wants to give them more: https://www.amazon.com/Most-U-S-Corporations-Pay-Taxes/dp/1514274116

Building assets not income

Trump’s tax overhaul is about shifting more of the tax burden to us. Big corporate subsidies will not be cut. Special interest will keep their loopholes. The wealthy are never going to cut their benefits from the IRS code. After all, their Congressmen put the code there for a reason: cut their own taxes. Duh. Are they really going to cut off their noses to help us? Their basic rule: Avoid taxes on taxable INCOME. They build ASSETS not income. Assets are not taxable until sold. Individual income is taxed. Usually we have no choice from W-2. We are not able to hide it overseas like Google, Apple and Facebook. Most large corps have $ Trillions sitting in offshore accounts so their revenue can’t be taxed. What can we do? To beat Wall Street, we must avoid the middle people.

Win in an unfair market: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

VA chief not helping Vets with 10 day vacation paid by US

How would you like taxpayers to pay for your vacation to Europe? Vets still have to wait to get appointments for service but not the VA head. Shulkin got his vacation date as requested. We paid for the flights for Shulkin and his wife, Merle Bari, and provided a per-diem reimbursement for their meals and other expenses, VA said Friday. They wouldn’t say why Bari qualified for the reimbursements and taxpayer-funded airfare, other than to say she was traveling on “approved invitational orders” and had “temporary duty” travel expenses. We have to wait a year to get ONE vacation day.

Avoid paying for their FREE vacation: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520

What is your strategy for retirement withdrawals?

Your situation is unique so there are no rules about when and how much to withdrawal from your retirement accounts. First, determine where all the income may be coming from—old pensions, rollover IRAs, regular IRAs, Roth IRAs, savings, work, brokerage accounts. Second, get your SS benefit estimate at https://www.ssa.gov/retire/estimator.html. You need to plan whether taking your benefits at age 62 or 66 or 70 makes sense for you and your spouse. Visit your local office to decide the complexity. Third, plan for the IRS requirement to take your RMD at age 70.5. Use IRS worksheet to figure your ‘required’ amount: https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf. Basically, all your ‘deferred’ tax accounts are totaled and divided by your life expectancy. Each year, your trustee will calculate this amount. You must withdraw the RMD of all accounts or move all your money to one trustee so you have one number. Your plan can tell you how much to take each year to avoid IRS penalties. Consider taxes too. Where will you invest?

Will you have enough? https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Does a low-cost annuity help you? https://www.amazon.com/Annuity-Decision-Tree-questions-answers/dp/1546454497

GOP cut health plan for 9 million poor children to spite Dems

Congress just allowed the Children’s Health Insurance Program, which provided low-cost health insurance to 9 million children, to expire. GOP would not bring renewal to vote so CHIP screening and immunizations will stop. Sick children will make others sick. CHIP was instrumental in lowering the percentage of children who were uninsured from nearly 14% to 4.5% in 2015. Amid unsuccessful efforts to repeal and replace the Affordable Care Act, the Republican-led Congress allowed the CHIP deadline to pass without action.

Trump and GOP must have a ‘win’ for the rich no matter what the cost!

GOP Rep claims health—life—is privilege for the few not a right as in “life, liberty, etc”

Best rides for the thrifty consumer

IF you need your vehicle to take you from here to there over and over again, you must use the CR report on the top 10. These are the most popular buys in America and most are made in America too. Ford provides the best and only pick up. Good design has made the difference between these 10 and those at the bottom of the reliability list at JD Power.

The discounts go with safety: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Medicare for All

GOP thinks health is a privilege for those who can afford it. Some attack Medicare since the tax we pay for it does not cover the whole cost. Some believe the individual must carry the cost otherwise people would not take care of themselves. Some consider that the government should not be responsible for individual health care because that is not its job. Others feel that the government is incompetent to run health care, like Amtrak—it is always in the red. However, when you consider that our taxes don’t cover all the weapons we make for war, that argument seems trivial. Our health care system has shown that individuals are responsible for their own health except when they can’t pay due to illness, unemployment, and other reasons out of their control. Medicare has been run to the delight of most seniors who use it. Medical special interest groups have kept Congress from fixing the cost overrun problem. We give more taxes for weapons than the generals can use and no Congress person is willing to fix the cost overruns. No one says we can’t afford to run up more debt for weapons. “I won’t let people die in the streets.” He will!

GOP doesn’t worry about the deficit except when it is used to pay for citizens’ needs.

Let’s get on with a solution that covers taxes and costs since we all need health.

****************

TrumpWorld

I could shoot someone on 5^th avenue and not lose voters’

GOP religion whipped up to sell TV show and Trump brand; and get elected

Trump is still just a mafia contractor from Queens—Dad taught him to be The Don.

Trump cancelled health care policy for brother’s family after they fought dad’s will

The Don thanks his wife after introduction with a handshake like she’s a guy?

Smoking gun: “Our boy can become president of the USA and we can engineer it,” Sater wrote in an email to lawyer Cohen. “I will get all of Putins team to buy in on this.” Manafort tells Russian mob he will keep them informed about “our boy.”

Trump’s group places mob ties above country; it’s about money POWER not US service.

Mob doesn’t call the FBI when Jr doing an illegal deal with fellow mobsters. Receiving stuff from ‘foreign power’ during campaign is illegal—even for idiots.

Jr meeting with Russian mob ties to tax refund fraud scheme.

Putin has full access to our 2018 elections since Trump doesn’t help states upgrade now.

Trump finally tells 21 states Putin tried/did hack their 2016 elections—10 months delay.

Russian agent admits to propaganda war on US. We were duped by pro-Trump agents.

Trump legal defense paid for by Russia wealthy tied to Putin

‘Ministry of Truth’ 1984 novel: Government propaganda is ‘truth’

Puerto Rico just ‘busted America’s budget’, ‘only 17 people died.’ No $ -- paper towels.

Puerto Rico debt ‘wiped out’; Budget chief: wealthy bond holders get “no bail out”

Trump’s “middle-class miracle”; Rich bonus, some middle taxed, 2.4 T loan from China.

I have never considered leaving Sec State; Trump is a “f------ moron”

My Theory:

Trump got Russian help/funding for business from business/mob ties to Putin.

No one expected him to win so no harm getting Putin help. Don owes Vlad’s mob money so they sent mob gofer Manafort to run the campaign. ‘Colluding’ Putin style.

TrumpWorld – using presidency to make money the old fashioned way: theft

Change tax law to benefit yourself and say it is for middle class: Liars all!

Bribe the D.A. to drop the suit—fraud by Ivanka, Jr selling Trump Soho Cheats all!

Dictator talk time:

“When the president does it, that means it is not illegal,” Richard Nixon

Kushner used email after NSA warning; no disclosures on assets, USSR contacts.

The Don is moving us to a dictatorship where the only people who go to jail are his enemies and non whites he does not like. Racists and nationalists get pardons. If Flynn and Manafort get indicted by Mueller, The Don will just give them a “get out of jail free” card so they don’t rat him out.

Dictators use “back to law and order” to limit rights, fill jails, fund army, follow enemies.

Hitler’s generals thought he was a ‘Depp’ ‘moron’ ‘idiot’ too.

“The president can’t have a conflict of interest.” The Don is above the law?

Quid pro quo: "something for something."

The Don lost money on Puerto Rico club; now payback time?

2017: Thousands died so a few wealthy rich can kill defenseless animals. Insanity?

           

Koch $ millions to target Dems in tax bill fight: Billionaires decide issues, not ‘reps’

Lincoln solution to TrumpWorld: http://www.latimes.com/opinion/op-ed/la-oe-blumenthal-lincoln-trump-20170713-story.html

Most Americans want Obama back now.  He did things we needed done.

Regulation is necessary: We need protection. Saves $12 billion of our money!

Fiat recalls 700,000 Jeeps Dodge SUV for bad brakes from water damage

Brian Murphy caught stealing $890,000 property and failure to pay income taxes

Carmax sells cars with outstanding recalls.

Mass kill in the Wild West—59 killed Las Vegas automatic weapon 90 round, clips

5,740 kids died from gunfire in the United States, just in 2008 and 2009. 9/11 X 2

            20 kids, 49 gays didn’t get Congress talking but 59 country music fans DID

GOP ready for to EASE gun restrictions, ammo, silencers, transporting, etc

TX judge tells Trump no voter data—it’s private.

AL and 8 states keep poor voters from voting with unconstitutional laws: debtors prison

Payday loans (200% interest) require lenders assess borrow ability to repay first.

Robert “Rusty” Tweed, Glendale, caught in fraud of $1.7 million

Coach, JCrew sued for deceptive pricing—‘sale’ is gimmick, we pay regular price.

Trump has suspended our right to bring class action lawsuits against our advisors.

How Govt wastes our money:

Price $1 million; Pruitt, Mnuchin, Shulkin, Zinke, Perdue, Trump’s mob pattern

Wealthy don’t need the government’s taxes—80% of tax cuts go to 1%. 

House passed cuts of $4 trillion from Medicare, Medicaid, education.

Secret Service has spent at least $137,505 on golf cart rentals so far. Room rentals extra.

Ivana Trump, the first wife offered an ambassadorship to the Czech Republic.

SCAMS:

$10,000 for concert tickets—only the elites go to live entertainment

Flooded cars thousands will be sold unsuspecting used car buyers The Car Book advice.

‘Sale’ word used to deceive us about price at top stores

Jobs:

IBM employs more in India than US. Why Trump cannot bring back jobs to US?

Miners learn to make solar and wind energy instead of coal

Hurricanes make jobs—manufacturing at high but for how long?

Facebook hires 1000 to block ads from Russia

Who owns your account now?

Guggenheim Investments’ exchange-traded fund to Invesco Ltd.

Miracle:

Congress can’t stop gun violence--fear NRA/losing elections. Blame illness, so 59 OK

            GOP blames CNN, disrespect for Trump, ISIS, freedom, NOT the auto weapons

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

We are paying Don's tax bills

We are paying the taxes that Don is avoiding

“I have friends that are very rich and never get audited. I’m audited every year. Maybe that’s because of politics, who knows.” He is audited every year because he has questionable deductions. The last taxes we saw, in 1984, showed he was a sole proprietor Sch C,  ‘consultant’ with NO income and $619,227 in expenses. ?? That’s very unusual. Just as he had no taxes paid in 1978 on $406,379 income and no taxes in 1979 on $3,443,560 income. His charitable deductions are suspect too. Every American would be audited under those circumstances. It is not political. Don might have needed to make his taxes look “normal” after he decided to run for Pres and Chief of the IRS. Real estate moguls often use the huge depreciation allowance of real estate accounting to defer taxes on the gain of their investments. Some rental RE owners show only deductions during the useful life of their properties.

You can join Don in paying ZERO taxes legally: https://www.amazon.com/New-American-Retirement-System-Tax-FREE/dp/1461030072

What if your brokerage firm says ‘goodbye’?

Brokerage firms want more money, even though their operating margins are over 45%. They're telling their salespeople to bring in more multi-millionaires. No more small accounts. The ‘personal’ touch you used to get for $250,000 wasn’t much so now you will need to give them all your assets to get attention. $750,000 is the minimum now so the firm can take at least $15,000 a year. Actually, this is a good thing for you. You were on your way to giving up 63% of your total potential nest egg because fees compound. Brokers need more income because the smart money is moving to low-fee providers like Vanguard. Your brokerage firm’s CEO just can’t make it on 2% of $250,000 customers. Brokers are no longer paid for your business anyway.

Use Wall Street’s Secret Sauce:  https://www.amazon.com/Wall-Streets-Secret-Sauce-Big-Long/dp/1536845248

Why is your employer cutting your 401k match?
Cost! First they cut company-paid pensions. Then they cut pensions. Now they cut matching for your 401k contributions. After years of trying to get employees to put in more toward retirement, your employer may be cutting back. You may even lose matching contributions. They don’t want to help you with retirement. We are on our own. If they don’t match, you can make your own pension and make it FREE of income taxes forever. Instead of paying tax when you retire, you can spend all your earnings. This may add 30% to your nest egg since you avoid federal and state income tax as well as tax on your Social Security benefits.  

You may be ahead by using your own tax shelter: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520

And why your employer is cutting your health insurance

Cost! The percentage of employers with fewer than 100 workers that offer healthcare benefits to their employees has declined an average of 24%, reaching as high as 36% for companies with fewer than 10 employees. Meanwhile, health insurance offer rates among larger employers have been holding steady. Even though the ACA exempts employers with fewer than 50 employees from providing healthcare benefits, it created health exchanges for those employers to help their employees obtain healthcare. But exchanges, says EBRI study author Paul Fronstin, simply “haven’t taken off. Just because you create something doesn’t mean [employees] will use it.”

Some policies are $100 a month: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

This is why you never got your check to fix Sandy damage

New York authorities charged a Long Island engineering firm and one of its former executives with forging damage reports for homes swamped by Hurricane Sandy, altering the documents in such a way that owners’ flood insurance claims were denied.

Matthew Pappalardo and his former employer GEB HiRise Engineering PC were named in a 50-count indictment accusing Pappalardo of directing his staff to remove descriptions of flood damage from least 25 reports that had been prepared by subcontractors who visited the properties. Lawyers say it was a widespread practice intended to benefit the Federal Emergency Management Agency’s flood insurance program and the private insurers that administered its policies following a storm that caused more than $75 billion in damage. FEMA, $24 billion in debt after 2005’s Hurricane Katrina and other storms, pressured insurers to hold the line on Sandy payments.

Wealthy political donors support America’s Socialism for the Rich

$44 billionaire warns fellow billionaires that we will likely degenerate into socialism or corporatism, as two-tiered societies typically do,” Charles Koch told attendees. Koch’s oil and gas firm worries he will loose the lucrative government subsidies he receives if Dems win elections. Other attendees wish to receive corporate welfare but do not wish to pay their fair share in taxes. Koch, headquartered in KS, has recently had the state eliminate the income tax for all businesses even though it expands operations in other states. Most large corporations obtain subsidies or tax breaks that are never discussed by their Washington ‘reps’. Many like Boeing receive huge state benefits also. Koch told his rich buddies that society must “look” like it is NOT rigged; people will get desperate.

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

If you need immediate income for life

There are two common ways to receive monthly income for life: mutual fund vs annuity. Annuity is guaranteed for life or life plus certain number of years. A male gets $603 per month for life in return for $100,000 at age 65. If you are in good health, you could have $238,680 by age 95 but you break even if you die in 12 years. You can take $500 and heirs can get something if you pass in under 20 years. Of course, $603 will be worth $300 in 20 years. Mutual Fund is tricky. You can take $600 a month from the principal and receive increases for inflation. You have a 54% probability that your money will carry you for 20 years. The annuity wins because ½ the people die before they get to use all of their deposit which is invested in bonds 50%, stocks 40%, cash 10%.

https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

GOP’s no-tax experiment in KS was just defeated

Voters in KS have removed 11 very conservative reps who helped gov Brownback pass a law eliminating the income tax on Koch bros and other wealthy people. The voting occurred against the backdrop not only of the state's fiscal woes but ongoing legal and political disputes over funding for public schools. The state Supreme Court could rule by the end of the year on whether the Legislature is shorting schools on their state aid by hundreds of millions of dollars a year. Kansas has struggled to balance its budget since the GOP-dominated Legislature slashed personal income taxes in 2012 and 2013 at Brownback's urging to stimulate the economy. Koch and other businesses have NOT increased jobs and have taken their tax refunds OUT of the state. They buy business in other states and countries. No one wants to run a business where the schools fail.

Avoid paying the taxes NOT paid by the rich: https://www.amazon.com/Tax-FREE-Millionaire-refunds-built-tax-FREE/dp/1482593289

Poor now allowed to save for emergency

Some states allow new ABLE account, which could help millions of disabled adults who worry about losing food stamps, cash benefits, or life-sustaining health insurance if they accumulate more than a couple thousand dollars. Three of the states let residents of any other state open an account. ABLE accounts are tax-free if they go toward disability-related expenses, a broad category that includes housing, education, health care, and basic needs. If you need Medicaid to live, you can’t keep money you earn and you can’t have income from a spouse. Florida’s program will be restricted to residents, the other three states – Ohio, Tennessee, and Nebraska – are open to people who don't live there. ABLE accounts may be available online. Family can give $14,000 a year so disabled can live more independently and don’t need a trust when parents die.

Which candidate is the better liar? Presidents must lie to keep power.

It is good to know that both parties act as juvenile petty-power cliques.

Big oil donors spending $ millions to keep GOP subsidies coming from Washington.

Can a bully be treated? Mental health is a factor in 2016

People who bully others may also benefit from therapy, though they may be reluctant to acknowledge their bullying behavior openly. In therapy, bullies may begin to understand the impact their hurtful behavior has on others, explore reasons for why they bully, learn new skills for communicating positively with others, and address personal experiences that may have contributed to their bullying behavior. Often bullies have unresolved personal wounds that contribute to their bullying behavior, and addressing these emotional wounds or identity and social issues with a qualified therapist can be an integral step towards stopping bullying behavior. The ultimate solution is to reverse the large-scale abandonment of our youth to the peer culture and, in every way we can, to rebuild children’s lost relationships with parents, teachers and the other adults. Bullies have trouble focusing on anything but their own self-worth. A 70-year-old man-child.

Don does not really want the responsibility of president—he just loves the spotlight.

Don: He "has said nice things about me". This is the standard by which I judge people.

            I get secrets briefing despite one official saying: “He’s been so uninterested in the truth and so reckless with it when he sees it, I would refuse.” “Trump admires Putin.”             

            “I “knew” Putin 3 years ago but today I don’t “know” him” media ‘misunderstood’

            “She's the devil." "I'm afraid the election is going to be rigged, I have to be honest".

            Gold Star father is a “terrorist sympathizer” who is angry I will bar “Islamic terrorists.”

            VFW says “ridicule a Gold Star Mother is out-of-bounds.” GOP is silent.
            “I always wanted Purple Heart” but never to earn it so I took a real hero’s Heart.

            “So why can’t I use nuclear weapons, exactly?” Scary but ISIS is crazy too!

               “You can get the baby out of here” after telling mom to stay at rally.

            Bloomberg doesn’t know my business dealings are a ‘con’ or does he.

            Trump Taj Mahal Atlantic City, citing labor strife, will close—Apropos!

            Harvard thinks I am a “threat to the survival of the Republic.” Poison to country.

Mike:  Roe v Wade (abortion legal) will be overturned after Donald is elected.

            I lied when I said Obama stimulus wouldn’t help my voters. I took $6.3 million.

Hill:    Campaign theme: Would you rather be ruled by Trump?

             “FBI Director James Comey said I was 'truthful' on my emails” BS Why lie?

             Now Don wants to double what I would spend on infrastructure: GOP says no!

            California County GOP Tweets Picture of Executioner `Ready for Hillary`

Tim:    Speaking Spanish is not going to win voters to Hill. She needs vision statement.

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!

.auto safety regulators are extending oversight of Fiat Chrysler for an additional year.

.Matthew Pappalardo GEB HiRise Engineering caught altering Sandy damage reports.

.Hank Werner Legend Securities caught stealing $184,000 from elderly blind woman.

.Voter suppression law outlawed as racist by judge in ND. WI done. AL next?

.Ireland sends 3 bankers to prison for recession. Iceland sent 5. US sent 0, UK sent 0.

.FBI did not tell DNC it was target of Russian government-backed cyber attack.

.BasisPeak watch recalled – it burns you but not when you want it to.

.Ford recalls 840,000 – doors open while moving – cheap spring brakes like on GM cars 

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

When everyone has guns; your chance of being killed goes up. Police want gun control. They don’t know who to shoot. Shot a psych worker with his hands up while on ground. 

SCAMS

Wealthy Dem donors have SS # hacked by Russia with Don’s blessing.

Deutsche Bank reviewed Don’s financials when he wanted a loan. He claimed net worth of $3.5 billion. The bank concluded Trump’s net worth was $788 million. Illusionist?

Ten most stolen vehicles http://www.bankrate.com/finance/auto/10-most-stolen-vehicles-1.aspx

U.S. Attorney’s office has ordered sealed the autopsy report of victim Alton Sterling

Zimmerman punched as he was bragging to diners about shooting the 17-year-old.

Ignoramus Award: Police shoot man in home: Oops wrong address Shoot first ask later!

How our government wastes our money

Zika now in Miami mosquito bites because Congress would not give funds for control.

F-35 $400 billion program suffers from a series of problems yet Air Force says “ready” 

Who investigates the investigators? FBI veteran giving secrets to China – It’s Hill’s fault!

Who owns your account now?

MetLife insurance and annuities assigned to CSC for servicing

EverBank to TIAA

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

We will never see Don's tax returns since he pays nothing

Trump tax situation more mysterious: no taxes paid in 1984 1978-79

Trump appealed tax rulings in the 1990s. His 1984 federal income tax return included a Schedule C, the form used by sole proprietors to report revenue. Trump listed no income on that form, yet he deducted $626,264 as expenses. He claimed a consulting business. His accountant denies preparing his 1984 return even though his signature is clear on the form. There were no receipts or documentation for expenses including his hair, jets, golfing and food. The judge wrote, “The problem at issue is not one of double taxation, but of no taxation.” We don’t know if Don ever paid taxes. In 2016 he takes on more debt as property values rise.

Avoid taxes legally by using your IRS tax-FREE account: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

What does Mike bring to Don’s party? Ann Coulter and I agree on 1 thing!

When Mike Pence was a young lawyer on the rise, he challenged a longtime Democratic congressman in a GOP-leaning district. And then, scandal. Campaign finance records from the 1990 effort showed that Pence, then 31, had been using political donations to pay the mortgage on his house, his personal credit card bill, groceries, golf tournament fees and car payments for his wife. It stunned voters — and undermined Pence’s strategy to portray the incumbent, Rep. Philip R. Sharp, as tainted by donations from special-interest political action committees. “It was a brazen act of hypocrisy,” opponents said. On 60 minutes Don said he ‘doesn’t care’.

Don must feel comfortable with Mike charging personal expenses to his work accounts, just like he does. Don promised NO outside group funding but now beholden to many. They pay his expenses to his firms. Don was for bank bailout and auto bailout. Whether they fund them or nationalize them, it doesn’t matter, but you have to keep the banks going.”

Stop subsidizing America’s tax avoiders: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584

58 % of Americans are dissatisfied with their choices in the “election.” Corporations and wealthy donor class will pay over $6 billions to buy votes. Voters are split 50-50.

We CAN have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both. Louis Brandeis Supreme Court justice (1916-1938)

How can the wealthy double their share of income since 1980?

The upper middle class expanded from 13% of the population in 1979 to 30% in 2014, the Urban Institute found. Together, the upper middle class and the wealthy had 30% of all income in 1979 and 63% in 2014. In the same period, the middle class’s share of income declined from 46 percent to 26 percent. Biggest factor: Education. Even with degree, low income grads earns less. Income gap is passed down from generation to generation through marriage/affinity. Where do you stand? http://www.investopedia.com/ articles/personal-finance/011216/average-retirement-savings-age-2016.asp

Protect your future with a tax-FREE account: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Is travel insurance right for you?

Despite terror events, “rates don’t fluctuate due to events,” Ms. Taft said. “Travel insurance rates are heavily regulated.” Policies are standardized so you can compare rates at consolidators like QuoteWright.com and Squaremouth.com or call an agent about which policy may best suit you. One agent said what determines whether you are covered is 1) when you bought coverage and 2) how exactly your travels were affected during a terrorist event. For instance, a road closure in the aftermath of an attack that causes you to miss your flight would likely be covered. On the other hand, if you cancel because of an event at your destination. “Traditionally insurance doesn’t cover fear,” the agent said. Use your judgment: you are more likely to die from a disease or lightning than from a terrorist attack. Millions travel without it.

Check your HEALTH policy: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Why do investors surge into stocks when the market hits new highs?

If you are a long term investor, why buy when stocks are making new highs? Wouldn’t it be better to buy when the stocks were on sale like in February so you would be up 16% by now? This is an example of why the Buffetts and Bogles tell us NOT to time the market. Wall Street “professionals” get excited about buying but their costs kill our earnings so now they sell indexes as stocks (ETF)s.  However, this can be a learning moment for us. If our advisor is telling us to buy stocks now, you could finally realize that advisors are sales people, not advisors. They want fees. (See p. 174 in https://docs.google.com/file/d/0ByXsRacEHnd5aTkyb2Z5eDMwT00/view)

It is not best for you to buy at news-cycle highs. An advisor with your best interests at heart is telling you to hold if you are a long term investor. Compounding only works if you reinvest dividends. Timing the market is for salesmen’s fees/commissions.

Get the best for less: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Where do you keep your cash? Home?

41% of millennials are keeping their “savings” at home, an Amex survey found, and more than half of “savers” have their cash squirreled away in a “secret” location. First, $100 hidden at home for emergencies makes sense. Second, ATMs are open 24/7. Third, Warren Buffett has said that the best place for your money is a low-cost stock index fund earning 10-12%. Obviously the survey is not talking “savings” since cash at home is NOT earning anything but negative consequences. If cash is sitting around it will get used or shrink (inflation) or lost NOT saved. Some banks or credit unions pay interest on checking. http://www.bankrate.com/finance/checking/high-yield-checking-a-good-bet-1.aspx

Your money is used for 3 things: https://www.amazon.com/Personal-Finance-Smarties-Not-Dummies-ebook/dp/B007SAPM1C#nav-subnav

Where can you receive unbiased advice?

Any person who gives financial advice in your particular situation must be licensed. If they receive any compensation, they should tell you how and how much. You can’t judge the validity of information unless you know their biases. For instance, Warren Buffett has said that the best place for your money is a “low-cost stock index fund” earning 10-12%. If we are scared of losing money, the last place to find help is a salesman. Their job is to make money for their firm and themselves. Many studies have shown that advisors do worse than monkeys at stock picking and the advisor total costs of 2-3% can reduce your total earnings by 63%. You must pay for unbiased advice either by doing your research or paying someone a fee NOT tied to the outcome. The very wealthy have people on a fixed fee like a retained lawyer. You can pay $500 - $5,000 once for a fiduciary like the fee-only advisors at https://www.napfa.org/. Since you’re going to need unbiased advice for the rest of your life, it makes sense to learn how to handle your money yourself. Why give it to Fidelity, Morgan, Citi, or Schwab whose profit margin is 39%! Wow 39%!

Only you know your needs: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

GOP religion bill makes discrimination legal

Rep. Jason Chaffetz, R-Utah, thinks the "First Amendment Defense Act" will protect the rights of religious institutions since same-sex marriage legalized. Pro: Religious institutions could NOT lose tax-exempt status if they oppose same-sex people. Con: It legalizes discrimination against gays, lesbians and transgender individuals. It would prohibit the feds from taking any action against any person who, "acts in accordance with a religious belief or moral conviction that marriage is or should be recognized as the union of one man and one woman, or that sexual relations are properly reserved to such a marriage." Means NO SEX outside marriage despite GOP convention cheers for PayPal!

Feds could do nothing if people discriminate against others. It couldn’t revoke the tax-exempt status of nonprofit institutions such as religious schools or colleges run by such individuals; disallowing federal tax deductions for contributions made to such organizations; or denying anyone a federal contract, grant, loan, license or other benefit simply because that person, or an institution run by that person, discriminates against certain people for sex, race, creed, color, etc.

So feds could NOT sanction person that discriminates against people they think are gay or have sex with non-spouses—basically anyone that person/institution doesn’t like.

CURRENT LAW: 1964 civil rights act said you can’t discriminate against people you don’t like “based on race, gender, religion or national origin.”  

Impossible now possible

Scientists have created a hologram of a solitary particle of light. Impossible they all thought. It was impossible because photons act as a wave and a particle at the same time. Using two other photons which create interference, the structure of another appears. Eventually they hope to make things on the quantum level—‘universe in a marble’—level. Quantum action can happen faster than light travels: Einstein said “spooky.”

Don: I do “not need to read extensively because I reach the right decisions “with very             little knowledge other than the knowledge I [already] had, plus ‘common sense’

            I have made $1.4 million from running for pres so far—not bad for a ‘faker’.

            Christie threw my claim ticket at me: “You can pick up your own damn dry cleaning.”

               “I am no beholden to any group” except $25 million at June events but voters                don’t care that I will be beholden to groups and run by old Dole operatives.

               You will never see my tax returns—I pay nothing—and press will blast me.

               Perhaps U.S. shouldn't come to the defense of its NATO allies if they are attacked

               “Believe me,” he repeated again and again, “I alone can fix it.”

“At our convention, there will be no lies,” but we just heard one!

           

Mike: I am here to make conservative religious feel good while Don does his thing.

            ‘Do you think Don went too far [in insulting McCain]?’” Trump jumped in: "You             could say yes... That's okay. That one, you could say, 'yes.'" Bully tells him ‘OK.’

            I just said US support allies but Don said we might NOT support allies.

Hill:    I will start amendment to reverse unlimited corporate election funds—back to US.

            I will delay testifying in lawsuit brought by the conservative group Judicial Watch

            Ben says Satan—GOP has finally hit bottom. It is so sad. GOP wants to kill me?

            Did Don just declare “war” on all things Obama? Is this anarchy or Satanism?

            Did Don just tell Putin he could take Estonia and NATO meaningless?

Mel: I did not plagiarized a Michelle Obama speech at GOP Ghostwriter ‘team’ did it:             Meredith McIver, former ballet dancer, ghostwriter of Think like Billionaire

            Mel’s “speech got more publicity than any in the history..” That’s what counts! 

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!

. RiverFront Investment, VA, fined for charging wrap fee plus fees covered in wrap.

.Finally police call for BAN on open carry in OH—AR guns kill people, many people

.States where you don’t need license—roam free and shoot—“I felt threatened” is code.

.NC law restricts minorities and poor from voting—up to 29,000 DEMs.

.Trump’s ghostwriter on “The Art of the Deal” says he feels “a deep sense of remorse.” I created a monster—even Don believes my myth of him as the great dealmaker. Sued

.Trump sanctioned twice for racism: “the guy is lazy. And it’s probably not his fault because laziness is a trait in blacks.” In ‘89, he called blacks and latinos, “roving bands of wild criminals.” 

.Fiat Jeep caught inflating sales numbers to get bonus/stock price up

.Share of workers who telecommute has grown from 19% in 2003 to 24% last year.

.Prudential sales assistant caught taking money from senior’s annuity account

.Goldman caught helping divert Malaysian funds to Malaysian leaders; GS fee $600,000.

.GM forced by regulators (NOT believe defect) to recall 4.3 million Takata air bags.

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

When everyone has guns; your chance of being killed goes up. Police want gun control. They don’t know who to shoot. Shot a psych worker with his hands up while on ground.  

SCAMS

Mick Jagger, 72, announced that he is expecting his eighth child with his 29 year old gf. 

Disney tells employees to lie about alligator sightings—“never saw them, kid not killed?”

Christie lies to GOP spenders re: Trump never gave donation to Hur. Sandy fund—never.

VW cheating code made to cover up Audi fix (fuel) for diesel clattering noise at idle.

Ignoramus Award:  26-year-old PA man caught getting high on stolen human brain. 

How our government wastes our money

Throw money at unknown unknowns https://www.youtube.com/watch?v=GiPe1OiKQuk

Who owns your account now?

Fox News exec Roger Ailes will leave and not be defended as predator but with $40 mil

All beer—same kettle: SABMiller  to Anheuser-Busch InBev

Insurers of Olympics say not cover every type of loss related to Zika in Rio. Call agent

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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