How quickly can your account rebound from this correction?

How quickly can your account rebound from this correction?

Depending on how much of your portfolio (401k, 403b, brokerage, IRA, Roth IRA, etc) is in stock assets, you could be down 7% or more. A 500 Index fund is still up 8% over a full year while the Vanguard Wellesley Income fund (60% bonds) is up over 9% over 1 year. Your broad diversified asset account may take less than 6 months to get back on track. This is exactly why you invest in different types of assets. You don’t suffer big losses or big gains from any one shock. Over time, stocks produce better returns than bonds or cash or gold or e-bits. If you consider stock investing as gambling, you may have to wait a long time to hit another jackpot. If you consider stocks the safest investment you can make over time, you won’t have to do a thing. If you played your last chip in February, you must now double your bet to get back even. If your stock fund represents your ownership of many businesses, most will keep working through any panic. Buffett: I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Set-Forget/dp/1484822900

How can you determine how much your advisor gets paid?

Since there is no industry standard or database for commissions, fees, retainers, kickbacks or other forms of payment, you will never know exactly what your salesperson actually earns. They could create a loss in your account and still charge you $3,000 a year. Recently, one of the sources of information was partially closed. The CFP Board told financial planners that the compensation information was “not very specific or helpful to consumers” and that the best way for consumers to select an advisor is “to have a conversation with their prospective advisor.” But we can’t interview 10 prospects without knowing something about how they charge. “We’re trying for more transparency as an industry, and this is less transparent.” The CFP Board’s consumer website, LetsMakeAPlan.org, is part of a public awareness campaign. Some advisors think the group may have caved in to the whims of the brokerage industry, many of whose advisors also carry a CFP designation. The Board was criticized for not properly disclosing things like customer complaints and criminal or regulatory problems for thousands of CFP designation holders on its consumer website. It took me a long time to find an advisor that charged only a fee for a financial plan/advice for a client. Most charge 1-2% annually of your balances plus fees for packaged products like annuities. It’s your money.

Buy unbiased advice: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

How much government do we want?

Elections are about choices: what to do with our tax money? If you believe social benefit programs are needed to help people you vote Dems in. If you believe corporate and wealth benefit programs are needed to help business and the asset class you vote GOP. Socialism: Trump is now helping some businesses and not others. Welfare for the rich or welfare for the poor, both have succeeded in driving up our public debt and the size of government. Subsidies to the elites and to the needy have never been contracted only expanded. 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. We don’t get a bailout for our fuel oil/gas bills. Why have we allowed corporations to pay such low wages (same as 1973) that full time employees must beg for food stamps to survive? Why doesn’t government protect us from unwanted robo calls, opioid drugs and nicotine e-cigarettes? We allow the wealthy to avoid taxation through expensive tricks we can’t afford. When will everyone pay their fair share for their subsidies? Only now is Washington State repealing Boeing’s subsidies. Why is a ‘capitalist’ system paying profitable companies socialist subsidies? Give bailout to taxpayers!

Pay your fair share: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

SEC lawyers create more obscure annuity ‘disclosure’ form

The new “reader friendly” variable annuities summary prospectus and rules were supposed to improve investors’ understanding of the complex contracts but actually prove the need for real-ife testing. This charade “illustrates why we shouldn’t leave the job of developing disclosures to securities attorneys. The model they developed based on the proposal is 16 pages of small type and legalese,” CFA Director Roper said. “Had they bothered to test it, I am confident that they would have learned that much work was needed to make these documents both more readable and more visually appealing. But they weren’t willing to do that, perhaps because they didn’t want to hear what investor testing would have told them about the need to go back to the drawing board." Insurers were thrilled with the way SEC lawyers can obscure the tricks insurers use to make sure an ordinary person could never understand how their annuities work.

Insurers can never lose money: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

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 pay your tax due on April 15. The payment, if any, can be in April; the filing should not. The federal and state 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. 

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: 'Oh, we'll be cutting' [SS & Medicare] entitlements

Mob Boss: my employees see “I have natural ability” in medical expertise.

Mob Boss using Supremes to overturn centuries-old law

Mob Boss lowers his taxes by paying bribes

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

This is how the GOP plans to stay in power? Is 6 hour wait enough to forsake democracy

Supremes under thumb of Mobster eliminate Congress power to govern

Mobster distracts us with promise (bribe) of tax cut to ease panic Pence assurances fail.

Socialist Trump giving bailouts to profitable companies who make election contributions.

IRS to delay tax filing deadline so refunds can be used for corporate bailouts

National Emergency? House Dems act to get help to people directly

SCAMS/SPINS:

David Goldman Brook Church-Koegel Nicole Walker caught in $1.2 billion Woodbridge Ponzi

Wealthy use current volatility to pass on $ Billions to their descendants tax-free. Richer!

Horse racing is fixed too.

Cruise lines salespeople providing false info to maintain ship bookings. Gov may pay too

China says new corona cases falling: open Wuhan airport shortly?

Aliera Healthcare deceived buyers of health ministry plans with few benefits.

Judith Negron caught Medicare fraud $200 million from elderly set free by Mob Boss.

Michael Williams Kinetic caught raised $39 million fraud: promised high yield

Epidemics are usually not included in standard travel insurance coverage

Trump hotels golf clubs to receive socialist subsidies to cover corona losses.

“It [The Hoax] will go away. Just stay calm. It will go away,” Dr Trump said

Can the most secure man catch The “Hoax” from his own people?

Trump cancels CDC advisory to seniors: fly at your own risk of corona

"There's no good reason to use masks except you think you're doing something” 

Pence claims corona more lethal than flu: expects “thousands of more cases.”

Flu 18,000 deaths so far this year; coronavirus 3,347 so far this year.

Farmer warns pig-castrator Sen. Joni Ernst’s past votes to repeal the ACA hurts him.

Many rural children start carrying handguns as early as the sixth grade. Peer pressure.

Food delivery costs up to 91% more than regular prices: Local market is best.

GOP voter suppression: GOP keeps black Kansas City Mayor from voting:

Jobs

More jobs in 2020 before virus: Key number: 273,000 jobs in February.

Who owns your account now?

Which medical clinic is best for you? Walmart vs CVS?

Miracle:

Older adults were 67% less likely to die of any cause if they walk 30 min a day

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Make sure you have all your tax documents before you file

Make sure all your tax documents come before you file

Since there is no enforcement of tax document mailings by mutual funds, banks, brokerage and advisors as well as employers, check last year’s filing to make sure you have everything to file BEFORE you go to your preparer. Few keep the deadline of January 31. Call IRS if not by February 28. If you have a kid in college, make sure they do NOT take your dependent exemption themselves. They don’t need it to get their job withholding tax refund. You need it to claim deductions and an extra $500. Kids should check the box “Someone can claim you as a dependent.” https://www.irs.gov/pub/irs-pdf/f1040.pdf. When you are ready, IRS has efile partners that have easy software programs that may allow you file for FREE. Some charge depending on your state and level of income. Most will cost less than the advertised brands ($50+$30) unless you must use a paid preparer. Trump has doubled the number of forms required to file many middle-income returns so the average price will be higher. And you won’t pay a penalty if you paid 85% of what you owe. Many of us will pay MORE than Trump promised since the wealthy and corporations pay less. January 28 is the first day of FREE ‘human’ preparation by AARP tax-aides. Make sure you have all of your docs: https://www.irs.com/articles/tax-form-checklist. Sign up at locations near you: https://secure.aarp.org/applications/VMISLocator/searchTaxAideLocations.action.

Long term care policies benefits and prices vary by 243%

If you are wealthy you may not need a policy. If you are NOT wealthy you may not be able to afford this coverage. You can buy from a new insurer with better understanding of the cost profile. Most advisors say buy at a younger age and change the benefits to meet your needs. Great for them but how to cope with increasing prices for what may be a very long time—age 55-85 means 30 years at $3-4,000 a year. AND you may not need coverage. That’s $100,000 wasted cash vs. $500,000 invested at 8%. Unless you know you will need it soon, you may be better off paying cash when the time comes. $4,750 to $2,500 per year LTC policy prices vary greatly.

Shop around: https://www.amazon.com/Long-term-Care-Insurance-Updated/dp/148274001X

A pathway to health care for all

CA new gov proposing extending ACA ObamaCare to insure more residents. This incremental move may light the way for other states concerned for its citizens. Newsom uses state funds to fill in the gaps for those without coverage and ignores the mandate. More carrot and less stick may help CA do what others haven’t up till now. About 10% of its non-elderly population lacks coverage. A study last year projected a steady rise, finding that Republicans' Obamacare sabotage and other factors would increase the un-insurance rate to 13% by 2023, with about 1 million more uninsured Californians, barring a policy shift. Massachusetts has its own mandate and subsidy program, and it has the lowest uninsured rate in the nation. Families are working hard to pay medical bills but still need help even with 4 part-time jobs and working mom.

Buy only what you need: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Are ‘Target Date’ funds right for you?

A recent survey of employees enrolled in TDF shows they are misunderstood. The industry does its best to keep those with low pension balances in the dark. The industry is a for-profit one and has no interest in explaining this low-cost high-return strategy for retirement funding. Instead of showing how this option gives employees the best shot at a successful pension fund, working folks have the idea that this strategy will assure a safe retirement income, will never go down, is guaranteed by the government and becomes a cash asset in retirement. Workers do know TDF asset allocations shift from stocks to bonds over time. Most employees have had no investing experience and so if their 401k default is TDF, they never learn what they really own. Employers are not in a position to teach investing and the fund complex they use has no responsibility to provide this service. Employers have all but abandoned paid worker pensions. And no one has stepped up to provide the basic financial education all of us need at our first job. https://www.amazon.com/Financial-Literacy-Steps-Success-Money/dp/1491044616

Avoid double taxation when you inherit an IRA

When you inherit an IRA from someone, you need to know the amount they contributed over the years as after-tax non-deductions. Since IRA accounts have been around, contributors who wanted to keep on investing even without current tax deductions because of their incomes, were able to keep building their retirement nest egg. If they started taking distributions mandated by the IRS as RMDs at age 70 1/2, they had to calculate the amount to exclude from taxation as regular income since they had already paid tax on the contributions. They should have filed a form every year (Form 8606) keeping track of this so called ‘basis’—the amount they already paid tax on. The financial trustee for this account never had to keep this information so you as the beneficiary must go back into the tax records to compute the excluded ratio. Otherwise the IRS will treat the whole distribution to you as taxable at your rate. The last tax return should have the Form 8606 so you and your tax preparer can take it from there. Of course, now we have the Roth IRA which shields all the growth in your IRA contributions from taxation. Use the Roth for your current investing or convert your old IRA to the Roth for totally FREE distributions when you take them. You do not have to take them so they are the perfect working-person’s estate plan. Heirs pay no tax.

Use the best for your heirs:  https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

What did John Bogle give us?

John Bogle died Thursday. John Bogle created The Vanguard Group—the mutual funds owned by us—the investors—at cost, so we could keep more of what we earned. At work in a financial firm one day, he responded to the fall of his clients’ accounts by noting that speculation was not in the best interest of the firm’s clients. Bogle fixed on the role of a firm as steward of the clients’ funds. In 1976, his new firm introduced the index fund to individuals. Indexing was run by banks for some large investors. In 1977, Bogle stopped selling funds through brokers. The company eliminated sales charges and became a pure no-load mutual fund complex—a move that would save shareholders $ billions in sales commissions and fees—increasing their gains. Stewardship is the attitude of salaried workers at Vanguard which is now the largest provider of funds to investors. Noted economist, Paul Samuelson ranked "this Bogle invention along with the invention of the wheel, the alphabet, Gutenberg printing." Jack Bogle’s legacy is rooted in the concept that investing should be conducted solely in the interest of investors. Bogle’s single mindedness on fiduciary stewardship finds its meaning in the company he founded, the (low cost and simple) product strategies and corporate governance reforms he champions, and the nine books he wrote. The industry has followed Bogle’s lead—almost every investor is now paying less and earning more because of this industry disruptor.  See attached.

Industry disruptor--Pay less; earn more: https://www.amazon.com/Disruptors-Three-Innovators-increase-WEALTH/dp/1720857563

Real estate moguls lick their chops at Trump’s ‘opportunity zones’

Trump did Jared and friends a big favor. Moguls who develop real estate or fund businesses in these areas are able to defer capital gains on profits earned elsewhere and completely eliminate them on new investments in 8,700 low-income census tracts. The goal is to reinvigorate these areas. But the question is whether the 2017 tax law will, as Mogul Mnuchin predicts, pump $100 billion into places that need it most, or if investors will play it safe by funding projects in a few zones already on the upswing. But like most deals, there are hidden terms. Investing in a relatively illiquid partnership or corporation with the intent of holding the investment for as many as 10 years in order to maximize the available tax benefits requires a strong conviction regarding the merits of the investment itself. Some areas are just not ready for money without people. And state tax codes may not help. The Federal tax benefits don’t exist until the property is sold—no gains; no deduction. And be careful about rolling over their eligible gains into a QOF within 180 days. The rules are complicated.

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

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

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

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

McGahn was ‘lodestar’: Told Trump ‘NO’ - saved Mueller!

J F Kennedy was 43 when he beat Nixon

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

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

Sec. Defense, former Boeing exec, OK paying too much for Boeing tanker for AF. Graft?

Mortgage approvals delayed by gov verification on hold; IRS, VA and FHA closed.

SCAMS/SPINS:

Deming Payne caught lying about fake $800,000 client redemptions. 3 mo suspension

Robert Kahn, MO; Andrew Schade, MI; John Wheeler, FL caught misleading clients.

VanEck Vectors BDC Income ETF (BIZD), charges 9.41% a year: you lost money?

Gary Basralian NJ caught stealing victim’s accident settlement money

Idealogs Coulter/Limbaugh cost us $25+ billions as Trump’s confessors

Trump to farmers: I’ll “make it easier” for some immigrants to come into the country.

GOP supports lifting sanctions on Putin friends: Trump rewards Russia for election win.

Trump, as dictator, puts 50,000 in slavery chains—says work without pay is good thing

Trump, as dictator, takes revenge on Dems: Pelosi secure flight cancelled: ‘stay here’

Trump, as dictator, lied about how many kids were separated: still don’t know where.

Lettuce growers begs FDA to come and inspect so no more die of  E.Coli

Flight-safety systems at risk with no inspectors & fewer TSA checks.

MetLife stole pension payments to 13,500 retirees claiming they were dead. No jail time.

PA state pension fund overpaid managers $1 billion in 2017—retirees lose; cronies win.

Sterling Jewelers caught opening charge acct without consent: owns ALL jewelers

Hyundai, Kia recall 168,000 for fuel leaks and fires and software

Brokers who might owe you an arbitration settlement or award --filed bankruptcy?

“Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

GOP can’t say “You’re fired” to The Boss because his voters will ‘kill’ them in 2020.

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, pres can change Constitution anytime.’

----------------------------------

Jobs:

Work for free: TSA and flight controllers and Coast Guard need replacements now.

Jobs that pay in health care: leader in job growth.

Nissan lays off 700 in MS

Who owns your account now?

Trump to take TX homeowner’s property: Is land like a gun 2^nd amendment?

ATT has been selling my location data and I didn’t get a cent. Past royalties?

Save money 18 ways: https://www.stretcher.com/stories/11/11jan17e.cfm?DS0114-1

Your investments are back to where they were last April and climbing.

WA cancels NRA insurance for killing people: illegal “to insure criminal activity."

Sears bought by Lampert for $5.2 billion

Miracle:

Bishops ‘forgot’ everything they learned about sex. Cardinal: I forgot sex abuses !!

A gymnastic milestone and a ’10’ to Make America Feel Good Again: Twitter

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Successful investing with just 3 funds

Vanguard’s biggest fans have made investing successful by using 3 funds

Since the chance of your advisor providing a successful strategy for over 20 years is almost ZERO, fans have put their long-term strategy in writing. You can ‘play’ the market with some money but the bulk of your retirement and legacy is more likely to succeed in low-cost broad market funds. No stock or sector lasts more than 10 years. Vanguard happens to know since they are the leading provider of ‘spend less; keep more.’ With this strategy, you own all the stocks and bonds you will ever need in your life—input and output. Actually the better strategy is to just buy the Target Date fund when you wish to retire. For instance, Target 2055 has produced 11% over the last 10 years. Most advisors fail that one. It has the bonus of rebalancing your portfolio as you get closer to output time. ‘Play money’ is fine but this strategy works best for your serious investments. You do NOTHING after you buy for 0.15%. Target Date funds are not perfect but they are as perfect as most investors can get to reaching their goal.

https://www.amazon.com/Lazy-Persons-Guide-Success-Yourself/dp/1580084362

New ways the wealthy avoid taxes that we have to pay for them

This is actually an old strategy with an update: private placement life insurance. It allows policy holders to combine volitile investment products, like hedge funds or other alternatives, with the tax-free benefits of life insurance. Benefits are for high-income earners. They have tax-inefficient investments in a tax-efficient structure. They create a huge tax-FREE legacy without the cost of surrender charges. PPLI hides assets with large taxable returns. The wealthy can take out funds as needed as a refund or a loan—no income or capital gains taxes ever. Perfect for the person who has special assets but does not need the income now. We pay the taxes for their use of our courts, police, military, roads, airports, and other costs of the nation.

Avoid paying wealthy people’s taxes: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Is a robo-advisor right for you?

If you are beginning or near the end of investing, a robo might be best for you since they cost less and Buffett’s non-trading strategy for all investors seems to win over time. Unless you believe that your advisor can beat the averages over time against all odds, you are overpaying for advice. Study after study shows it is not possible, unless your advisor does not charge for the service or you have insider information. Perhaps you obtain advice for free from your company. Otherwise, think hard about Morningstar’s conclusion: “In every single time period and data point tested, low-cost funds beat high-cost funds.” Most analysts are rated by 1 year performance so you really have no idea what happens to your cash next year. Unless your person picked Google, Apple, Facebook, etc long ago and you bet the ranch on the stock, you are faced with throwing darts each year or paying more for less. The average equity investor earns just 3.79% over time vs the 500 Index at 11%. Humans don’t touch your money. Act dead.

Best Robo is the automatic wealth manager: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Which car dealer fees are legit: buying a car for less

Why do you need dealer prep? Washing your car should not cost $229. Delivery should be the dealer cost, not yours. Over $700 for his guy to drive from his bulk lot to you is crazy? No. Doc fees are BS—I don’t charge for paperwork in my business—why should they? Negotiation is a matter of having the facts. Most fees are pure profit since people like you are not going to pay them and yet the dealer stays in business. If the seller does not negotiate, walk away. There are other dealers and cars. In fact, most Working Millionaires don’t buy new—they see the price drop 40% when they wait. They have purchased from the dealer before and they each know a bargain works both ways. The dealer avoids selling them a lemon and millionaires are business people too. 

Ask for your risk discounts too: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Amazon hits new heights

AMZN stock costs $1822 up from $11 in 2001. Did your broker get you in to this 25,000% increase? How about the 39,800% increase in Patrick furniture or 17,500% increase in MGP distiller or 14,800% increase in Sleep Number beds? Don’t feel bad, very few outside the companies guessed right on these at the beginning of the climb. That is the problem with picking a stock to bet the ranch—even one horse—on. No one can foresee the winners in a bull market. And yet investors continue to pay 1-3% of their nest egg each year in hopes of finding the ‘needle in the haystack.’ What can investors who are not company insiders do? Play the averages—bet on par—think about the winners as a group. If the top stocks earn 11% a year on average and you pay 2% to the house, you get 9%. Over time we give away 63% of our possible total by NOT using The Disruptors.

https://www.amazon.com/gp/Disruptors-Three-Innovators/1720857563

IMPORTANT QUESTIONS AS WE AGE

Taking Control of Your Future: A Legal Checkup helps us plan for our future by providing a comprehensive list of topics and areas of concern. There are certain legal issues that every one needs to deal with—what happens at the end without a will; how to maximize benefits; who decides about health if you can’t; should you let your kids share your bank accounts; your legal assumptions may be wrong.

https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

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

Make America, “The Don” Great Again

The Path to Dictatorship

Will Supremes make America a dictatorship? Trump’s new appointee is Trump GOP

“I have the absolute right to PARDON myself …”

“I could shoot someone on 5^th Ave and not lose voters.”

The Don pardons arsonists who support him

Trump now Anti-American

Let’s have a recall vote

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

Trump wants to do away with due process and other laws dictators don’t like.

  

Trump court drills 1 year old on immigration questions—America will be hated for this.

Trump defies court: KEEP some kids separate indefinitely: half ‘ineligible’? for parent

Trump refuses Mueller; so probe not complete—Supremes told Nixon he must give tapes

            Treason in Constitution: ‘adhering to their enemies, giving them aid and comfort’

  

In Banana Republics there are only owners and wage earners: tiny middle class

Middle class shrinking: wages for ‘nonsupervisory’ jobs falling even in great market

            Wages gains are eaten by higher prices: All gains go to corporate owners

After large tax cut, workers' share of corporate income less than in 1958

            Men are no longer in the workforce. 31% vs 14% in 1950 are not contributing.

            Automation making life grim for working class: robots learning many jobs

            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.

           

Even Trump’s driver gets stiffed out of $200,000 pay—stiffs 5 states on property taxes.

           

           

Trump for Totalitarianism: What can I do? Putin denies helping me win: I need him.

            Putin gets Trump to call allies foes: indictments of USSR agents for hack ignored

            Trump calls US stupid: “U.S. foolishness and stupidity” both sides to blame

            Trump believes Putin; not US intelligence agencies: 12 Putin hackers fingered!

Senate resolution bans Trump from giving ambassador to Putin for 3^rd degree.

Trump blamed the US for bad relations. Russia said 'We agree.' Trump Traitor? Idiot?

            Trump asks for another meeting with his boss. How do we fix this mess?

            Trump’s Iran deal cancelled so Iran restarts bomb program

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

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

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!

Trump’s NATO spending deal may mean less business for US; more tax subsidy

$10,000 for a plane latrine cover: 3-D printer makes them for $100. $1.3 Trillion +10K

Your voting machine has hacking software in many states: Use paper only.

Trump’s parade costs $12 million: Korea maneuvers $14 million “tremendously expensive.”

Trump’s new planes cost us $3.9 Billion—he wants different colors. Old ones work fine.

SCAMS/SPINS:

National Credit Adjusters, Bradley Hochstein caught threatening debtors: No jail time!

Car theft centered in NM, AK, CA: AK and CA towns jump to No 2 and 4. HOT

Vegas hotel Mandalay suing the victims of massacre on their property. Lawyers win.

Drug firms use patent office scams and “gaming tactics” fool FDA keeps generics away.

SS number scams on rise: don’t respond—wait for the letter from SSA.

InventHelp sued by users for not providing benefits and costing too much

George L. Taylor, CT caught overcharging and gives bad advise; scamming seniors.

Trump’s FCC charging us $225 to file complaint against consumer abusers. Not a joke

Trump is right. We are stupid. We elected this Benedict Arnold to lead a democracy.

Trump even lies about his own parents’ birthplace to make a political point. Lie1 lie 2

Trump EPA allows pollution from coal ash: stop monitor water: buy bottled water!

Cornelius Peterson, Boston, MorganStanley, caught stealing $450,000; self-dealing.

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

Jobs:

This is how The Don makes his money (laundry). Six bankruptcies teaches Debt 101!

US top foreign-cyber-war fights left FBI at the time we need them the most: Putin attacks

Your old employer needs you back – on your terms. Experience counts.

Trump tariffs kill jobs at MO nail maker – Trump picks firms to fail/grow: nat’l socialism

Counties with the highest wage increases 2017: San Mateo CA leads the way at 11%.

Who owns your account now?

Driver texting makes us SIX times more likely to crash—phone, makeup, radio,

Edit photos for FREE: https://www.gimp.org/downloads/

Your donations may be funding politicians you don’t like but you will never know.

Vets can use the best banks for special needs: USAA, Fed Saving, Navy Fed CU.

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

Miracle:

3-year-old saves Dad convulsing on floor with Dad’s phone

Vet donates marrow to save 4 year old cancer victim

New job but no transport so walk 6 hours; Americans help; gets car; how I was raised!

Texting addiction caused record fatalities in US even with kids in car; model for them?

IAN

41 Watchung Plaza, B242

Montclair ,  NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Pay less; keep more--faster way to wealth

Buy only what you need; become financially ‘comfortable’ faster

$1,100,000. This is the amount of money most of us say it takes to be "financially comfortable," according to a recent survey. However, only a few of us ever get there. Why? The main reason most of us are not 'comfortable' is that we don't plan to have a million dollars ... ever. Most of us settle for a 'fantasy' $ million—playing the lottery every week. A $1 million is not hard to reach with a plan and TIME.

         Now we can create wealth for our family— $1,100,000 and more—by using new wealth-building tools from industry DISRUPTORS. We don't need expensive brokers, advisors or agents to buy the essentials of an efficient financial plan. We don't need a lot of money to start building wealth. All we need is TIME and a plan. Pay less; keep more.

Use the Buffett strategy for wealth: https://www.amazon.com/Buy-only-what-you-need/dp/1720321531

Other ways the wealthy avoid paying their fair share of taxes

The tax code was written by lawyers and accountants for lawyers and accountants, NOT for us. Here are some of the ways WE do not get to hide our income and assets from taxation. Preferred stock and trusts can create dynasties and avoid current and estate taxes. The Caymans are home to more tax shelters than people. You can’t eat stock options but you can hold them without taxes. Are your assets owned by a company that only exists on paper to avoid taxes? Do you live on money borrowed against your assets? Are your living expenses deductible by your own branded corporation so you pay less tax? What about private placement life insurance to hold hedge funds and avoid taxes. Or set up a non-profit ‘religious’ organization and fly in your own private jet?

Isn’t it time you paid what they pay: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Is a lottery win right for you?

Yes many dream but few are chosen. Most of our bets go to the government but are not tax-deductible. How about this: Mr Post won $15 million in PA. But he would be $500,000 in debt within just three months of his 1988 win, in part because he bought a twin-engine airplane (though he had no pilot’s license). OK, so we all think we would never do anything so stupid. We are not average, we thought. Ms Adams won the lottery TWICE for over $4 mil. She lost most in casinos and her kin hated her. Now she works 2 jobs making ends meet. Mr Whittacker won $170 million in 2002. He gave a lot away but lost his wife to divorce and his granddaughter to mysterious circumstances. He drank and ended up with 400 legal problems. The list goes on. Becoming wealthy slowly over time allows you to plan and use money wisely. Instead of buying lottery tickets or casino chips each month, put your money in the investment Warren Buffett recommends.

Make him your advisor:  https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

What to do with your RMD: How much will you spend?

Your RMD or required minimum distribution is the amount the IRS calculates for income tax purposes from your retirement accounts annually after your turn age 70½. You may want to invest part of it for the future or cut the amount in your IRA that you will pay tax on in coming years or contribute to legitimate charities. I help you answer these questions now: Will you have enough? How will you invest? How much will you spend? Explore 17 alternative uses of your RMD. Create tax-FREE income from your IRA while reducing future RMD. Take advantage of the miracle of compounding: $100,000 may become $500,000 in 15 years. Create an investment plan for 30+ retirement years. Self-insure and self-fund all your financial needs. Social Security to cut benefits in 2034 so you may need more income later. You have time to do something about the future.

The chickens have come home to roost: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

SCAMS: Beware the ‘pump and dump’ scheme

Customers of Greg Bercowy, St. Petersburg, FL were victims of his story of a tiny mineral exploration firm in NV. Greg bought millions of shares of Aureus with money taken from a relative. This sent the shares soaring in 1 month and induced others to buy while Greg sold. He pumped the price up by fast buying and selling and left others with stock worth much less than they paid. The SEC fined Greg $1/2 million. The pump and dump scheme formed the central theme of two popular movies, "Boiler Room" and "The Wolf of Wall Street," both of which featured a warehouse full of telemarketing stockbrokers pitching penny stocks. In each case, the brokerage firm was a market maker and held a large volume of stock in companies with highly questionable prospects. Brokers earned large bonuses when the firm would sell the worthless stock after its investors poured money into it.
Avoid unknown low-priced stocks: https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

How much are you losing by NOT following Buffett’s advice?

Warren Buffett bet a million dollars that a low-cost index fund would outperform a collection of hedge funds over the course of 10 years. This week he won that bet and gave $2.2 million to his charity called Girls Inc. Over the course of the bet the S&P 500 index fund returned 7.1% compounded annually, significantly more than the average of 2.2% for the experts. Buffett has advocated putting the bulk of our investments in a low-cost index (he said Vanguard’s 500 index). For those who follow his advice, this bet confirmed his statement that “a very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money.” Why don’t more smart people follow this advice? He thinks it is because they think they are smarter than everyone else. Instead, low-cost beats high-cost every time studies show.

Double your money every 8-10 years: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

How much is $250 a month worth after 30 years?

One of the reasons people don’t save is that the quick results are not impressive. I look at my balance after 2-3 years and I don’t feel rich. My account looks pathetic--$9,272. My investment account looks better but … $10,923 is just underwhelming. But Fidelity looked at its retirement accounts where the owner died or the owner forgot they had an account. Those accounts were the most successful. Buffett says the same: he does better when he is ‘snoring’ than when active. After 30 years, my $2,000 a year invested at work—different 401ks is worth $606,882. Stock index funds grow at very different rates—+38% and -37%. They average over time between 10-12%. The financial industry average was 3.79% for advisor-managed accounts for 30 years. If I had used a broker I might have just $112,000. Buffett bet $1 million that a simple stock index could beat the best of Wall Street gurus. He was correct: 7% beats 2% during this 10 year period. So what is $250 a month worth after 30 years? No one knows—between $570,000 and $880,000—but if the earnings from my money has to pay 1-3% for a fortune teller, I will gladly follow Buffett’s FREE advice to buy 2 Vanguard’s funds.

Buffett’s advice: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

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

Make America, “The Don” Great Again

The Path to Dictatorship

 “I have absolute right to do what I want with the Justice Department”

“I could shoot someone on 5^th Ave and not lose voters.”

Trump’s Gestapo ICE troops break into house in front of kids

Immigrants not human, but "animals" Hitler/Stalin agree.

Trump takes children away from the “animals”

‘I’m the only one that matters’ Mob Boss Don, Nov 3, 2017

Loyalty to The Don above country. Treason? Above the Law?

Trump did not invent the ‘big lie’ but he learned it well from an expert.

Trump to refuse to answer special prosecutor’s questions: Above the law?

FBI finds answers in ‘The Don’s’ consigliore’s office/home/hotel

“I have nothing to do with his [Cohen] business”

[except when I pay him to pay off sex partners who could leak]

Trump thinks FBI subpoena on lawyer is “Attack on our country”

Trump thinks the govt is ‘conspiring against him.’

Trump: I decide which crimes are minor fines; lets criminals go.

(Dictators often have delusion they are being attacked by insiders)

Trump ignored intelligence community message ‘we are under attack.’

Trump gives Putin control of election: eliminates U.S. cyber advisor

Treason definition: ‘giving them aid and comfort within the United States’

Putin’s influence: Manafort, Flynn, Gates, Page, Stone, Papadopoulos, Sater, Zwaan  jailed, Prince, Jr, Jared, Sessions, Cohen, Yohai, Freidman (program guide to the actors)

Fake ‘Witch Hunt’ produced 5 guilty; 17 indictments.

Putin controls power utilities, 21 state voting files, Trump slush fund, networks

Russian SS has ‘pee’ tape of Trump

Trump lied about time making ‘pee’ tape. “My head never hit a pillow” he admits.

“The election is going to be rigged—I’m going to be ‘honest’” 

GOP voter suppression a success: Dems lost --GOP poll workers moved voters’ districts

Trump to end Free Press 1^st Amendment access since not positive to him

Could Trump postpone Nov 2018 election using excuse of Putin meddling needs fixing?

GOP controls 31 state houses

(Dictators in some countries start their régimes that way!)

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

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!

Congress: members must pay for their own sex scandals?; no more taxes for them

Trump steering Medicare patients to HMO Advantage plans to limit services

Trump changes rules on banks’ risky trading with our money

Trump: We’re going to have great healthcare. … inexpensive, but really good healthcare.

NH spent $ thousands on Trump’s voter fraud claim and found nothing.

Trump tariffs cost his voters more for cars, appliances; farmers lose sales to allies

SCAMS/SPINS:

Fiat Chrysler recalls 5.3 million vehicles that lock cruise control! Hacked computers?

Uber driver-less car programmed to NOT stop for pedestrian—Beware crosswalks

Echo Amazon NSA CIA etc are listening to your every word; hacking locks and lights?

Trump pardons criminals highlighted on Fox; crimes Trump knows; signal to Manafort.

Prosecution of white collar crime down 40% under Trump’s mob

GregoryBercowy, St. Petersburg, FL caught in pump & dump penny stocks scheme.

Fifth Third Securities caught misleading customers exchanging annuities for $2 million

Dean Mustaphalli, NY, caught losing $5 million of elderly savings in hedge trades.

Steven Pagartanis, NY, caught stealing $8 million for fake land develop Canada.

Michael MacCaull, NY, caught stealing $66 million Ponzi Razor FX fake trades.

Jobs:

Trump cracking heads of union members in gov. Orders meant to demean workers.

Apprenticeships may offer immediate pay and long career with good pay

CA court: you can refuse service to people you don’t like by using religious cover.

            But you can’t kneel at game using 1^st Amend right to protest racial killings.

Jobs that no one wants—this is why automation is cutting jobs every year.

Trump tariffs kills 40,000 auto jobs; farmers lose foreign markets

Trump saves ZTE jobs in China despite ZTE trading with Iran & N.Korea against US.

Ivanka’s brand business given 13 Chinese trademarks in return. U.S. loses in both deals.

Walmart to pay for college degree in biz at 3 colleges

Who owns your account now?

Property tax deductions over $10,000 using charity accounts in 33 states

New tech ‘auto-locate’ helps you find your old 401k and moves it to your new account.

Monsanto to Bayer AG

Bare Foods to PepsiCo

See our glorious parks before Trump converts them to coal, oil, gas and metal mines

Due diligence on annuity companies—not doing well?  

Broker/advisor don’t pay your arbitration award when you win 1/3 of the time: Law

529 college savings plans ranked by direct and broker-sold over 3, 5, 10 years.

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

Miracle:

Second 1,000-year rainstorm in two years engulfed Ellicott City MD. Why?

Hero at middle school: 23 school shootings (dead or injured).

FoxNews: Trump is wrong about ‘spy’ in election—Trump himself asked for FBI tail!

IAN

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