Showing posts with label TIAA. Show all posts
Showing posts with label TIAA. Show all posts

Friday, July 6, 2018

Who will pay the Trump tariffs?

Who will pay the new Trump tariffs?
We will, of course--in higher prices. Kiss the $900 tax break goodbye. Trump tariffs are now clawing back tax savings at a rate of roughly $10.6 billion per year. The levies already in place include 25% on steel, 30% on solar panels, 10% on aluminum and 20% on washing machines. Of course we don’t buy these directly but almost everything we buy uses these materials. Also if you shop at any retail store you are probably paying for the tariffs on goods from countries Trump does not like. On July 6, a 25% tariff on 818 Chinese imports worth $34 billion, costing Americans another $8.5 billion a year. If China retaliates, Mr. Trump has said he’ll slap a 10% tariff on an additional $200 billion of Chinese exports. He could levy a tariff on $200 billion more in Chinese exports. And an administration proposal for a 25% tariff on 284 Chinese exports to the U.S., whose value was $16 billion in 2017, is pending. ‘National security’ is the reason for tariffs on imported vehicles. Even GM imports parts and cars like XTS. Canada is termed a ‘threat to security.’ All this Trump B.S. will cost us $81 billions. If you work at some steel, coal and farms targeted in this ‘war’ this tariff could cost you your job. Not a smart move.
Trump’s Make America Great is turning out to be a Twilight Zone episode.
Can Congress cancel the tariffs? Constitution says YES but GOP sold out to The Leader


Can you live on $1,180 a month?
Most of us will not have enough money in retirement. $1,180.80 is the average monthly Social Security benefit. It will be reduced in 2034. Fewer have pensions or self-pay funds than in the past. The Disruptors help us KEEP more of our money. The main reason we will struggle is the lack of a plan. Most of us settle for a 'fantasy' $ million—playing the lottery weekly. A $1 million fund is not hard to reach with a plan and TIME. Most of us do not have the essentials of a plan because we never learned about them. No one taught us. Our schools never taught us. Most of our parents couldn't teach us either. Even now pre-retirees lack vital knowledge to fix their shortfalls. 
Now the DISRUPTORS of financial services have made it easier to create an efficient financial plan. Now we can create wealth for our family— $1,000,000 and more—by using new wealth-building tools from the DISRUPTORS. The average advisor-assisted investor earned just 3.79% instead of the market rate of 11%. Dalbar's QAIB. 
You can set up your account in 1 hour FREE. Start earning 11%: earn more; keep more. $250 a month over time provides $200,000 and more.


The Trump tax breaks makes using real estate trusts more efficient for the wealthy. The rich get richer. We have to pay for the courts, police, military, roads, airports, etc. that the rich use but pay fewer taxes. Trump’s new law makes using Real Estate Investment Trusts more attractive as a diversification asset. REITs qualify for the new 20% deduction on pass-through income—a deduction capped at the greater of 50% of wages paid by the business or 25% of wages plus 2.5% of the property’s original purchase price. REITs were created in 1960 “so the average person could invest in a professionally managed portfolio of real estate in a tax-favored manner,” one analyst said. “Under prior tax law, a REIT dividend paid to an individual investor was taxed at ordinary rates, the old top bracket of 39%, with the tax bite making REITs less attractive than investing in securities that created qualified dividends. REITs would make up this tax disparity by paying a high yield, since the REIT doesn’t pay the entity level tax." Trump gives a preference to real estate assets since his experience and friends are in this sector. REITs can be complicated by rising interest rates so the average investor is unlikely to be rewarded in this asset.

SCAMS: Beware illegal unregistered securities scheme
Brokerage firm BankAmerica-MerrillLynch caught changing trading confirms, hiding secret trading, and selling at prices below market. SEC also found them not supervising brokers. The Securities Act of 1933 requires that investors receive valid information about the securities they are sold and that sellers don’t mislead investors about them. This is accomplished by the registration of all but govt securities sold by the firm. Various tricks are used to offer these investments for sale. Confirms should give accurate information about your purchase. There is supposed to be transparency—no hidden secret trading operation for the wealthy to trade at better prices, and lying about their own ‘best’ price in-house trading. Unfortunately, the industry has little oversight of the supervision of their brokers. Investors have few tools to discover this firm-wide ‘fraud.’ The firm’s culture is all about taking money--caveat emptor and white collar crime is NOT a priority for Sessions and Trump. No one at Merrill is even charged let alone going to jail. $42 million fine just added to your commissions and fees of doing business.

Working millionaires hire family to shield income from taxes
Many entrepreneurs put their family on the payroll. Why? They put much of the spouse and kids salaries into a 401(k) or profit sharing plan. That reduces their joint taxable income and boosts retirement funds. The maximum contribution for 2018 is $18,500, or $24,500 for those 50 and older. Most solo 401(k) plans allow you to add family. Plus each can add $5,500 to an IRA. Depending on the business type, the owner can defer taxation on $54,000. Each child can put earnings into a 529 college savings plan or Roth IRA for tax-FREE income for life. There is no minimum age. Their income tax bill will be 0-10% on most of their income. Pay less; keep more from the family business.

What will you do when the market falls 10 or 20%?
Most savers will panic and cash in. That is what many did in 2008-9 when their shares lost value by 50%. They switched to fixed return funds and have lost money since then due to inflation. If they had held their shares (shares own real S&P 500 firms) they would have more than doubled their money. They own shares not a savings account. The number of shares they owned increased because gains and dividends are reinvested. They earned 13% for 5 years and 10% for 10 years. Keep your long-term money in the market. Keep your short-term money in a 2-3 year CD. Renew when rates go up. Pay the penalty if you need the money. Or short bond fund at current 2.4% yield. Never sell shares—you will always lose more than you could gain. Returns have always been positive over almost every 10 year period. Hold shares forever like Buffett.

What can you do if you don’t think you will have enough in retirement?
A new study tells us there are things we can do to improve our situation without “working till we drop.” The list includes lowering the standard of living in retirement, delaying retirement, increasing contribution rates, and investing more aggressively. For instance, most working people can shift their options at work to higher annual earnings. Moving investments from fixed or stable value funds 1.9% to appropriate target date funds can double or triple their accumulations in 15 or 20 years. Most target date funds provide 8-10% returns. Contrary to Wall Street myths, it is buy & hold—compounding over time—that creates comfortable retirements. By culling through current expenses that provide little value and investing tax refunds, many can add $3,000 a year to investments. Just by working until age 67, almost 70% of retirees would avoid extreme poverty. $3,000 for 20 years = $200,000. You don’t need all $200K in the first year you retire.


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Make America, “The Don” Great Again






Two Americas: A Banana Republic? Do we really want an infant king?

Trump TV propagandist moves into WH to run the spin machine.
‘Judge Judy’ to become a Supreme: it is all propaganda, message molding, image.

Trump: my critics are “dangerous for the country” they’re very bad”: he signals base!
Trump has encouraged violence by his base through his campaign talk and actions


Trump makes 3 year olds defend themselves in court—How did America get like this?
Trump separated kids 10/2016 as test: no records kept of parent link. Nazis had records.

Coal lobbyist replaces oil lobbyist to ‘protect’ our water, air and mountains



Supremes kill law requiring communication: options notice violates free speech rights??

Middle class shrinking: wages for ‘nonsupervisory’ jobs falling even in great market
            Men are no longer in the workforce. 31% vs 14% in 1950 are not contributing.
            Number of products NOT made in America is growing: cheap labor, automation
            Europeans will NOT have to pay tariff on Harleys: Trump sends Europe our jobs
            Workers worse off than in other developed countries except Greece, Spain.
            Workers borrowing more to live on: personal loans up 18%; 23% rate is common.
           
Supremes help destroy unions—freedom to cut wages, benefits, bargain, membership

Trump really hates Obama: alleges give Iranian citizenship: Americans say he is racist.

Pre-Roe, abortion was illegal in 30 states even raped: Banana Republics outlaw it too.

Trump wants to use military to invade Venezuela like Panama Grenada. For Oil?



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SCAMS/SPINS:
CitiBank caught overcharging credit card interest on 1.75 million people $335 mil refund. 
Cornelius Peterson, James Polese, MA caught taking clients’ $500K without consent.

Joel Tucker MO caught faking loans and selling personal data to collectors Castle Peak
Scott Tucker MO caught charging 1000% on payday loans: prison 16 yrs
Edward Lee Moody Jr CM Capital VA stole $4.95 mil Ponzi promising high returns  

Scam: Made in America: Not really but sounds good and people buy so profits up
There’s no warming … but “Scotland set its hottest temperature on record.” Roof melts.
            Miami underwater or build sea wall

Trump wiretaps on citizen up 40%; drug crime taps down; taps on foreigners down.

Trump Putin deal: Putin to Trump: I don’t meddle; Trump ends sanctions: Trust & Verify  

When we all have guns for ‘protection’ who will police shoot first? Don’t need police?

Jobs:
GM Fiat tell Trump tariffs NOT good for jobs—moving work around the world

Miami building to stay above water: poor become rich with ocean-front property
$75,000 base pay for these top jobs in many fields: Boomers make future sunny too.
Trump to support jobs in ocean wind farming: speed license, materials

Who owns your account now?
Mortgage refi, reverse or buying: unbiased advice from expert: mtgprofessor.com/
Despite Trump GOP ‘end to ObamaCare’ 10.6 million paid for 2018 up 3%. ‘Godsend’
Bonus for new credit cards--$150 for using card for 3 months or travel points
TIAA hacked: CT 529 plan balances drained—NOW adds security—refunds investors

Can we trust Ari Melber to explain the legal case against POTUS? Steele?

Miracle:
Patron purchased $1 million worth of Toys-R-Us toys to donate to local children.


‘Dead’ car accident victim found breathing in morgue: miracle or bad medics training?

IAN
41 Watchung Plaza, B242
Montclair, NJ 07042
973.746.2014
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Friday, October 27, 2017

Let's reform tax code by cutting corporate subsidies and hiding profits overseas


Better way to ‘reform’ tax code is eliminate corporate subsidies and tax shelters!
Cut the subsidies and tax tricks used by corporations and wealthy to pay less tax. GOP adds $1.5 trillion to the deficit, cuts $4 trillion in spending including nearly $500 billion in cuts to Medicare and $1 trillion to Medicaid. Don’t believe that an explosive economic growth, jobs and high wages will make up for it. KS tried tax cuts and nearly went bankrupt. Quality of life fell. People left towns. Bush tax cuts also made deficit grow. Many large profitable companies pay $0 tax: ATT, WellsFargo, Chase, Verizon, IBM, 258 more. Tax cut means nothing—jobs created overseas where untaxed profits go! Trump mob do NOT have ‘wage’ income so they don’t pay income tax. All their properties are inside tax-advantaged entities and so deduct tax as business expense. Consider Trump lives at Trump Tower, a tax-advantaged entity. All his golf clubs are tax-advantaged firms. So eliminating deductions won’t bother his class. The estate tax does, so it is GONE. He reduced the tax on his class’s entities to 25% not 35%. Foreigners get more. Many middle class homeowners may have a tax increase if they cannot itemize deductions for state/local income tax, property tax and mortgage interest.
Time for YOUR tax shelter: https://www.amazon.com/Tax-Shelter-for-Americans/dp/1500426520

Buffett’s Simple Low-Cost Investing Beats Wall Street, Again
Warren Buffett has proved it, again. You do not need Wall Street 'professionals' to reach your financial goals. In fact, if you use them, you may give up 63% of your potential accumulations because of trading, charges, commissions and fees. Buffett made a bet with a hedge fund manager for $1 million 10 years ago. So far Buffett's strategy has earned over 7% a year versus 2.2% for Wall Street's best and brightest. Buffett has advocated a simple low-cost strategy for decades: Buy the stock market index in a fund like Vanguard's 500 Index. Invest in the market returns consistently and you will do better than everyone you know. Instead of $854,000 at $250 a month you end up with $220,000 because of Wall Street costs. Over the long term, your returns would average over 11% per year. DALBAR keeps track of returns and found that the average managed-account equity investor earned just 3.79% a year over 30 years ended 2014. The benchmark returned 11.06%.
Use the Buffett strategy and KEEP more of your money: https://www.amazon.com/Buffett-Strategy-854-000-not/dp/1978481020

Here is another reason to switch your advisor to Buffett
Advisors and brokers can have complaints about their work “expunged” from their public record so you don’t see them. You are NOT protected by the industry that exists to profit from investors. In fact the industry trade group, FINRA, does not keep a list of the firms that keep employing the brokers with the most complaints. However, SLCG shows you which firms have the highest ratio of brokers with complaints. Some firms keep 25% of their brokers with complaints. Most of us would like to know if our firm keeps employees that seem to have many problems. The industry trade group relies on firms for its fees so the information is here but without some “erased” data. Often those with a ‘rap’ sheet will move on. We do have the big picture. Some well-known firms are at the top of the list: Oppenheimer, Stifel, UBS, WellsFargo. Another measure is the pending complaints: UBS and MorganStanley have higher ratios. The most common complaints are excessive trading and illiquid securities. This study used BrokerCheck but it is not complete.
Let Buffett be your ‘advisor’: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963


What is wrong with your advisor’s annuity?
Pitch: guaranteed income for the rest of your life, guaranteed base earning rate, you can participate in the market upside, no market downside, earnings grow without taxation, no annual contribution limits like 401k, tax-deferred savings, could keep paying spouse or heirs, even if your insurer quits you have state guarantee.
Insurers are pooling your money with others and can make big profits: your guaranteed income amount worth ½ after 20 years or stops on death, taxes due on each benefit check, guaranteed base rate is very low, market participation is limited, reduced benefits for multiple beneficiaries, state guarantee is small amount. Advisor’s highest pay sale!
Some types might help you: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

GOP religionists create fear and anger—to power the dictator
Why is an evangelical pastor and Trump supporter saying Catholicism is a “cult-like pagan religion” and the success of the religion is due to “the genius of Satan”? This Southern Baptist pastor says that the Roman Catholic Church is the result of the Babylonian cult system founded by the Book of Revelation in a video. The ‘president of the United States’ is promoting this guy and his poison like the religionists did against John F Kennedy. The president vowed to represent all Americans. Why promote this hate of a religion as a satanic cult? How does that help ‘America Be Great Again’? It does not. It makes us small and weak. We are no longer the America respected in world.
Dictators love to divide society in order to control groups and hide their destructive power. Exclusion ideology of hate is NOT Christianity but idolatry of tribe.

Has TIAA the largest university pension system lost its fiduciary past?
Many university personnel trust this ‘non profit’ to give them unbiased advice. Now former staff members are claiming sales staff is being pushed to steer clients into higher fee products. A training update to wealth management advisers, provided to The Times from a current employee, came as the new fiduciary rule was being finalized. It told advisers “to avoid accidentally implying that you may be acting as a fiduciary,” when having educational conversations with clients. They should avoid “referencing the participant’s best interest” and “discussions regarding TIAA’s not-for-profit heritage.” But that trust is all that TIAA has. It is not the lowest cost and it is not the highest service fund firm. It seems to forget what its mission is: always from the client’s interest.
Along with many on Wall Street, TIAA argued against the fiduciary rule.
https://www.amazon.com/Fiduciary-Rule-BEST-dont-give-fees-anymore/dp/1530980275

Where is your long-term money?
New study claims residential housing is your best friend. Table 6 shows that the main reason risk-adjusted housing returns are higher is the lower volatility of house prices. Both rental yields and dividend income are relatively stable for all years and countries throughout the sample. However, the standard deviation of equity prices is double that of housing prices over the full sample, and around 2.5 times that of housing prices after 1950. Equity prices have experienced large swings and high-amplitude cycles throughout the course of modern history. Moreover, capital gains—the more volatile component—are responsible for a larger share of equity total returns than they are for housing. These two factors have become even more relevant during the post-WW2 decades. In the US, the difference in total return (gains + rent) is hardly noticeable: 11.13% vs 11.08. The big difference is the volatility in capital gains for equities (SD=8 vs 18). Costs matter!
Buy and hold both so you gain 11% in most markets: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Do you need a safe car that is worth what you pay?
Cars should protect you in a crash. If they are made well, they should retain value if you ever need to trade them in. This list of 20 cars may be your starting point. Save 40% with used luxury cars that Consumer Reports tested. Avoid these 10 cars.  According to Consumer Reports, they are the worst—not safe, not fun, not comfy, not easy, not soothing, not quiet, not reliable, not worth price, not anything. Check reliability rating at JD Power: http://www.jdpower.com/cars/awards/Vehicle-Dependability-Study-%28VDS%29-by-Category/1882ENG
And the discounts on insurance: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634






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TrumpWorld
I could shoot someone on 5th 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

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.
Undisclosed $26 million loan from Russian to Trump campaign manager Paul Manafort.

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 and morons.
Trump campaign asked Wiki to get Hillary emails from Putin hackers: smoking gun?

Putin has full access to our 2018 elections since Trump doesn’t help states upgrade now.
Putin using Twitter now with fake followers for Trump mob—how great impact?
Trumpers colluded with Russia by pushing their propaganda as if it was own tweet.
Putin hired activists to stage demonstrations and promote divisive content. 


‘Ministry of Truth’ 1984 novel: Government propaganda is ‘truth’ when they say it!
EPA not protecting environment by silencing scientist—Denial is NOT a policy!
Trump will repeal pollution controls already agreed to by truckers just to spite Obama
Trump’s middle-class tax cut is a tax give-back to the 1%: 67% of total for rich
Trump: “I totally changed our military, I totally changed the attitudes of the military and they have done a fantastic job," I,I,I.
"ISIS is now giving up, they are giving up, there are raising their hands,” Trump claims.
4 Green Berets killed by ISIS Oct 3 in ambush not expected and not supported.
Trump in July: I will give you $25,000. Check arrived 22 October. Deductible?
GOP lawmakers weighing “sharp reduction” to 401k tax-deferral—Trump “No change” ?


My Theory:
Trump got Russian help/funding for business from business/mob ties to Putin. US banks not interested in more bankruptcies. 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. Trump always has a fall guy to blame when caught in lie.


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

Weinstein firm propped up by Trump’s funder, Vulture Capitalist, Barrack
Trump ‘drawing’ sells for $16,000—beat last price of $100
Junior now getting $400,000 for GOP races from wealthy: tax cut pays for GOP.

Dictator talk time:
“When the president does it, that means it is not illegal,” Richard Nixon
Propaganda: 46% registered voters believe news outlets fabricate stories about Trump. 
Repetition of lies works for political propaganda just like selling soap. Most want ruler.
Trump puts atomic bombers on 24 alert—first since WWII for WWIII—end is near?
Trump won the war of minds in Senate: 2 critics quit instead of fighting for America!
 Putin’s Revenge how Putin from a low-ranking KGB agent to the long-serving president
NKorea has more guards on monuments to Kim family bec/ disgruntled/hungry citizenry.

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 Page 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.

NRA: The Don is victim of most "ruthless attack on a president.... in American history".

Gingrich: Trump compared to Andrew Jackson who also hated people of color.

Trump’s TX racists say Americans in Puerto Rico don’t deserve help for worse storm


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


Quid pro quo: "something for something."
Trump says he will pay lawyers for his mob but has failed to pay in the past.
GOP bans our right to sue banks and we must go to bankers’ arbitration: banks win.
Trump calls addiction national emergency but cuts funds to treat additions. Just BS.
GOP voter suppression by threats of jail: AL GOP may jail voters who voted.


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

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!
            (No one person can afford to sue a bank: class actions banned by GOP now.)

Bernard Parker, Indiana, PA caught selling fake tax liens repay $1.2 million from prison.
Trump ACA cuts mean don’t retire early: you may have to go ‘cold turkey’ on coverage.
GOP bans our right to sue banks: no more class-actions to catch WellsFargo crime.
Trump cancels reg for local office of TV/radio for community feedback. Centralize GOP propaganda.
OH gun toters not worry about NOT telling police about gun in car. Road Rage Bonus!

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

Tillerson calls Trump a ‘f__king moron” ‘MORONIC’ LIAR:
“One of the great memories of all time” I don't remember saying that.


How Govt wastes our money:
300,000 US troops in 150 countries: Costs $700 Billion to be police the world. More.
CIA covered up any self-indicting JFK documents since 1964. No answers but theirs.

SCAMS:
Tax-free income ideas are NOT great ways to obtain income. Small business is the best.
IRS tips to fight Ransomware that locks your data up—don’t pay since you won’t get it.
Avoid these car sales tricks: you must be aware of these tactics to protect yourself.
Trump cancels ACA health subsidies for opioid treatments AND declares emergency
Trump’s opioid declaration: BS--he canceled his addicted brother’s family insurance too.

Jobs:
Yankees need new manager: Girardi fired

Who owns your account now?
Aetna’s life and disability insurance to Hartford
Medicare or Medicare Advantage?? https://health.usnews.com/health-care/health-insurance/articles/2017-10-23/medicare-vs-medicare-advantage-how-to-choose


Miracle:
new gene-editing technique that allows single letters in DNA coding to be switched.

IAN
41 Watchung Plaza, B242
Montclair, NJ 07042
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts 
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