In 2024, Roth 401(k)s will no longer impose RMDs

 When to start your guaranteed stream of income

Most of us are lucky: we can start our guaranteed income stream whenever we want. We only need to decide how much we want or how much we need to live comfortably. And the bonus at no extra cost is that the benefit grows with inflation. My wife and I began receiving our guaranteed income stream at different times in our life so it is easy to compare how your decision can make a huge difference. I started my stream of income at age 62 because I could find no work. I have been getting my monthly check of $1,691 with inflation step-up for a number of years. It goes right into our checking so we can spend it right away. No wait to clear a paper check. My wife liked working so she waited to start her stream of income till she could improve her benefit no more. At age 70 she began and now she receives $3,495 a month. This is over double my benefit and my last salary was greater than hers. We pay nothing extra for the inflation increment each year and the administrative costs. Medicare costs come out of the benefits automatically so we don’t have to worry underpaying our health insurance plan. These benefits come because we paid for them every paycheck. No supplemental insurance (annuity) could have matched these benefits for life. Plus we get to keep our retirement funds growing—earning more for later. “The question isn't at what age I want to retire, it's at what income.”

https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

 

Have you taught your child how to make tax-FREE money?

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with about $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. I have used this 'Wealth Reserve' as I call it to have funds to buy low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a month in retirement supplement. Now your child can build an account that provides tax-FREE education and retirement income too.

Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

 

If you are worried about your money in a bank, move it

Most large banks can handle your money unless you keep $millions in 0% savings loosing money. Even holding Treasuries isn’t safe. Many of my readers aren’t worried because they are riding out the craziness of the gains and losses of the gamblers’ market moves. When gamblers loose at the tables, they are supposed to go home poorer. The well-connected never have to suffer it seems. Congress is happy to lower the bank regulations for their schemes. Regulators are happy to please the rich and famous, especially if they sit on the same boards. My readers are investing for the long term so they only have to keep their money spread around in profitable businesses as Buffett advises. Over time they have been rewarded with gains and dividends that will help their nest eggs grow. They don’t have to speculate on stocks or ETF during these crisis times. They are happy with most 10-year growth periods. Using low-cost mutual funds that compound over time they have found steady growth—doubling their funds every 7 years. They own shares in real profitable firms making things of value not ticks in a computer. It is TIME, not timing that builds wealth.

https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

 

S&P 500 up 5% YTD vs 5% 1 year CD

Investing is about taking a chance—short or long-term. With your CD, you will always receive your 5% in a year. You will usually pay a penalty to withdrawal early. Your money is guaranteed up to $250,000 unless the government steps in to make you whole no matter how much you lost. This doesn’t happen often. Investing in the top 500 US corporations gives you no such guarantee but you have the chance to earn 32% or lose 18% in one year. However, over time investors have found the 11% average return annually. Average is important. There are bad years. But your funds double every 7 years if you wait. My readers have found that after some time—10 to 15 years—they have a balance that allows them to take out enough money for emergencies. They don’t need an emergency fund as a 1 year CD. They don’t pay a withdrawal penalty if they need the money. With certain tax-FREE retirement accounts they can have their cake and eat it too. They can withdrawal without penalty or tax due. More likely they just keep building a bigger retirement account because the low cost accounts maximize the Miracle of Compounding. That is the Buffett secret to wealth.

https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

In 2024, Roth 401(k)s will no longer impose RMDs

The Roth 401k will get even better in 2024. Your money—deposits and earnings—are already tax-FREE after retirement (contributions are never taxed). Starting in 2024 you are not subject to RMDs which make you take your retirement benefit out every year. This means you get to create a legacy for your family without a trust—FREE. You can use your money whenever you wish. The required minimum distributions are required for 401k and IRA accounts because you get the tax benefit at the time of contributions. This lowers your income and tax if you pay in every payday. If you also make contributions to a Roth account, you have the option of never paying income tax on the gains. Thus you could turn your Roth IRA or 401k into a tax-FREE retirement system worth $millions

https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

 

GOP vision of America’s future “freedoms”: what they are doing/will do

Children’s education reduced to DeSantos Conservative ideology

WV bans health care for transgender minors

FL wants to ban the Democratic Party as revenge for toppling Confederate monuments

FL blocks League of Women Voters legal activities (rally, meetings)

 

FL DeSantis will have a veto-proof majority in both chambers: junta installed

Kids Carry concealed weapons without a permit back to 18

Cancel programs on diversity, equity and inclusion, and critical race theory.

TX takes over Houston Independent School District: GOP not parents will run schools

 

SC Republicans want death penalty for mothers after abortion: christians? kill women!

 

Death sentence without a unanimous jury.

Easier to sue journalists you don’t like

Further restrict abortions. TX man sues 3 women for helping his ex-wife obtain abortion

WY medication abortion providers could serve six months in prison

Near-total ban on abortions drives doctors away: ID hospital stops delivering babies

 

Trump: military to ‘stop’ crime: martial law replaces civilian control of cities: dictator

Couples with 10 kids would have their property taxes cancelled under TX law

Catholic group spent millions to track gay priests: Russia or America?

30 GOP states limit public health authority: next pandemic wipes out million+?

 

AR Gov bans child sex talk and child labor law limits: roll back child labor protections

Child abuse? kids under 16 can marry in West Virginia with parent consent

GOP repeals long-standing environmental rules: business to take ‘Freedom’ hand

FL Gov raises private army: 150,000 “brownshirts”, answer only to DeSantos

GOP Clarence questions our right to counsel in criminal actions against us

 

Pence: “History holds Trump accountable” but ‘I won’t help jail him NOW’: 3^rd Rail?

 

Wealthy avoid tax we have to pay

How do all these wealthy people avoid the taxes we need to fund our military, legal system and the airports? They use them but don’t pay. They fly their private jets from the airports we pay for, the legal system they use more than us and all the military supports around the world as they visit their global homes and businesses. Our country taxes personal income not loans on $millions in assets. This means we pay for what they use and they don’t. We can’t afford to buy legal help to use special financial tricks to reduce taxes. We can’t afford owning sports teams or real estate or “hobbies” that show paper loses to deduct from our income. We can’t afford to buy the help of Congress people who change the rules on business income like Trump did in 2017. One critic said, "Wealth managers are bragging" about the effectiveness of their "tax dodging tricks." Even when they die, they can leave $ millions to their legacy using special rules to avoid the estate tax. This is how dynasties happen and the cycle of tax avoidance continues. Wealth perpetuates itself almost automatically.

Use your tax haven: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

 

 

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

Parallels of this era in the past may hint at our future: democracy breaks apart legally

 

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

Billionaires paid $881 million for votes in 2022 midterm elections

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trump engaged in a "criminal conspiracy" to stop Biden

 

“I don’t f—ing care that they have weapons”

 

Trump was “detached from reality”

 

Trump used mafia-style intimidation on the defenseless

 

Trump still terrorizing election woman

 

Parscale: “a sitting president asking for civil war.”

 

Trump: “Just say the election was corrupt and leave the rest to me” 

 

GOP fascism: “RINO hunt armed; no bagging limit” J6 comm threat

 

January 6, 2021 “A date which will live in infamy”

 

Trump’s Supremes END personal rights & state laws except for weapons WMDs

 

Fascism: GOP to stop women leaving state for abortion

 

It’s not a court. It’s a junta: Two Americas

 

Trump: President Biden is 'enemy of the state'

 

Christian Nationalist Party (CNP) replaces GOP

 

Nov 8 2022 Trump’s “national revolution” failed

 

Nov 15 2022 Trump announces for 2024 to avoid lawsuits

 

Dec 3 2022 Trump: cancel Constitution rules so ‘I win’

 

Mar 11 2023 Pence straddles his place in history

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

Money for new Moon Rover but not for hungry US kids: priorities?

Own your own bank: capitalism without risk: CEO changed law & keeps pay packet

Farm lobby seeks more subsidies: GOP to cut Food Stamps for poor: corn for gasoline?

Fed raises rates to increase joblessness 4.5%: my credit card already at mob rate: 29.99%

 

NY prosecutor cancels meeting: Trump gets away with crimes again?

 

SCAMS/SPINS:

Trump is inciting another overthrow of our gov: “TAKE OUR NATION BACK!”

Fake images of Trump arrest show how propaganda may tear US apart

 

Fox silences own producers from telling about falsehoods it broadcast about election win

Tesla recalls 362,000 of its Full Self-Driving (FSD) Beta software: causes crashes

238,000 Honda Civics probe: steering can stick, increase in effort, risk of a crash.

Hyundai and Kia 571,000 SUVs and minivans park outdoors: tow hitch harnesses fires

 

Ford recalls 1.5 million: fix leaky brake hoses and windshield wiper arms that can break.

Media influencers (not doctors) paid to hawk drugs on TikTok

Matt Damon, Tom Brady, Reese Witherspoon caught promo crypto: fees hidden: no jail

Toxic ‘food’ brominated vegetable oil, red dye 3, potassium bromate, propylparaben and titanium dioxide?

 

Grover Norquist conservatives stop free tax filing service we need: gives $500+ to Turbo

IRS finds worst scammers this year

Tax refund myths: IRS warning

Trial over fake Trump real estate tax deductions halted by bomb threat: mystery caller

 

Darryl Matthew Cohen caught steered money to self, fund his son’s basketball league.

Nick Palky caught stole $250,000 client’s account using forged checks to steal

Joe Harding GOP FL caught fraud $150,000 in Covid Relief scheme: no jail

Portfolio Recovery Associates caught illegal debt collection practices: fine no jail

 

CO allows gun-toting teen to show up at school every day: what think would happen?

How US succession happens in specific areas: schools, taxes, laws, red-line, clubs, sports

 

baseless-claim-that-jan-6-rioter-flipped-against-the-fbi-circulates-on-twitter

false-reports-claim-bill-gates-faces-premeditated-murder-charges-over-vaccines

Countertop composter Lomi does NOT make “nutrient-rich fertilizer.” 

 

Arrest warrant for Putin: stealing kids from Ukraine homes: Seal Team 3?

 

Jobs

Construction industry faces a gap of roughly half a million workers; skilled trades too. Application rate jobs like plumber, electrician dropped by 49% between 2020 and 2022.

More than 550 slots for emergency medicine residents were left unfilled this year

 

White Americans feel left out; even they think they don’t belong. This is not good.

25 High-Paying In-Demand Jobs: salary & requirements

Tennessee plant aims to build 500,000 electric trucks

 

 

Who owns your account now?

DJ Equity REIT Index beats Total return S&P 500: stocks up in last decade

Medicare special plans to help with expenses and coverage: do you qualify?

Millions of people could lose Medicaid next month: check now

 

5% one year CD for temporary money: shop bankrate.com/banking/cds/cd-rates/

 

what-if-i-cant-pay-my-taxes: here are your options: it costs less to deal with the IRS itself

 

 

Miracles:

'Vibrant' Roman mosaic discovered under supermarket in Olney

Some ingredients crucial for the advent of life arrived aboard rocks from space years ago

Some young Americans are turning to friends to find romantic partners: not vid strangers

 

 

 

 

@

 

Our Universe is Mind-Blowing

Light is both a particle and a wave depending on how we look at the light.

I don’t think that there is any such thing as a position or a velocity of a particle.

Everything (galaxies to stones) in universe made of subatomic energy ‘vibrations’

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

 

Mass–energy equivalence: E=mc^2.  At the smallest level; Everything is moving

Energy into matter: scientists converted light energy directly into matter in one step

Physics Nobel Prize: “entanglement” 2 particles share info instantly at a distance

“It may be that gravity and quantum mechanics are exactly the same thing,” Leonard Susskind

Gravity might induce the collapse of quantum vibrations into 1 quantum state—our world

 

There is no TIME at this level because of force fields come and go in all directions. 

Universe expanding: events may not come together like they did before.

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

Gold made from neutron stars: collisions produce more neutrons:79 protons,118 neutrons

The proton is so complicated science still finds new energy entities/forces every year.

 

“Empty space is a boiling, bubbling brew of virtual particles that pop in and out of existence in a time scale so short that you can’t even measure them.” Space expanding.

The electricity we use comes from the field around the wire not from electron itself.

Scientists build 'baby' wormhole as sci-fi moves closer to fact: inside quantum computer

starts-with-a-bang/universe-expansion-not-accelerating/

 

 

 

@

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

973.746.2014

http://www.theinsidersguides.com/

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

Avoid the taxes The Tax-Credit Class don't pay

Use your Tax Credits to avoid income taxes like Trump

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

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

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

2016 election has shown America’s Socialism for the Rich

If we have learned anything during this election, it is that if you are rich you can get away with anything: 1. Sexual assault on women. 2. Not paying taxes. 3. The Truth is whatever you say it is—just keep saying it. 4. Use tax laws to defraud investors and working people. 5. Wall Street has no political party—follow the money. There seems to be no limit for The Don’s contempt for society; for us. Remember at the beginning he said: “I can shoot somebody on 5^th Ave and wouldn’t lose voters.” Now I believe him. Whatever sickness he has, it seems that when you are powerful economically, you can do anything as a business person. There are no moral bounds. It’s the New York construction industry dressed up nice. If you fancy yourself as winner with women, you tell a 10 year old you will soon date her. You buy a “beauty” pageant so you can go into the locker room to watch contestants dress. If you fancy yourself as a great businessman, you can lose $1 billion on your deals and use bankruptcy to stiff workers and investors and brag about not paying your fair share. If you are a political person you never give up saying whatever gets you power and votes. As working Americans, we pay for this dishonesty and sexual exploitation one way or another. There is only one thing we can do.

Avoid paying their income taxes:

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

Wealthy use Shadow Banking to raise cash, buy assets and avoid tax

Christie’s and Sotherby’s are banks when the price is right. The wealthy can use art they own as collateral for more art or cash. The wealthy avoid the strict Bank Security Act for a 6% loan. “I never looked at a financial statement or a tax return to make a loan,” said one art dealer. Much of the money Sotheby’s uses to make loans come from the credit facility financed by a syndicate of large banks. The weighted average cost of the funds to Sotheby’s was 2.9 percent in 2014 and 2015, filings show. Can you get a bank loan for 2.9%? No, so we are subsidizing this activity with our FDIC banks. Buyers can use a tax shelter in the Bahamas to avoid sales tax. They can then sell or loan the art for cash if needed. This is helpful to folks who may be wanted by their government for draining accounts or end up with stolen art and need “pocket” money.

You can create your own tax-sheltered ‘bank’: https://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236

Feds think cost of living in America went up just 0.3%

Gas and rents advanced over 2% for most of us. Social Security beneficiaries will receive a paltry 0.3% cost-of-living adjustment in 2017, the government said. It means the average retired beneficiary’s check will rise about $5 to $1,360 per month in 2017. Hillary and The Don plan to keep current benefits and cut fraud. Hill says “My Social Security contribution will go up, as will Donald’s ― assuming he can’t figure out how to get out of it.” She’s considering raising the cap ($118,500) on earnings taxed for Social Security. If you earn more, you pay nothing. Unfortunately, the wealthy like Trump and Clinton do not pay FICA because the have little or no “earned” income to tax. Trump earned $6,108—Clinton earned $100. Their cash comes from asset dividends, gains, rents interest, royalties, business and “other” income. We pay their taxes—33% vs 17%.

Offset the real prices with tax-FREE income: https://www.amazon.com/Tax-FREE-Income-000-tax-free/dp/1477472584

Trump says election is rigged and here is how GOP does it

1. GOP has IN state police stop voter registration group in minority community

One week before IN deadline to register to vote, state police raided the Indianapolis office of the Indiana Voter Registration Project, seizing computers, cellphones and records. The state police launched an investigation after GOP elections officials in Hendricks County said some voter applications seemed amiss. An estimated 45,000 people, most of them African Americans, might not be able to vote on Nov. 8 if investigators put a hold on applications collected by the group during its investigation. Pence made reference to the police investigation during a campaign stop in Iowa on Tuesday. The Indiana State Police then announced that the investigation had expanded from nine to 56 of the state's 92 counties.

2. We can’t vote if our names are deleted from the registration lists. FL has deleted any name that resembles list of convicts or dead people. There was no verification so if your name was john smith and a convict was named john smith, you were removed. FL firm told to match last name and delete even if only 80% close to the spelling. FL has a history of suppression. GOP eliminates thousands of voters mostly Dems from rolls.

3. In 2016, 14 states will have new voting restrictions in place for the first time in a presidential election. The new laws range from strict photo ID requirements to early voting cutbacks to registration restrictions. Those 14 states are: Alabama, Arizona, Indiana, Kansas, Mississippi, Nebraska, New Hampshire, Ohio, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Wisconsin. Circuit Court in Raleigh declares NC law restricting blacks is unconstitutional. GOP keeps trying to cut Dems out. 

4. OH GOP officials are going to destroy ballots with no ZIP code or writing not in BLOCK lettering and other simple errors. An appeal was denied by a judge who is married to the GOP House Speaker William G. Batchelder. The period in which voters are allowed to fix the form was cut from 10 to 7 days, and elections workers were even barred from helping voters with the forms.

5. Donald Trump said Friday that agents have been told to allow immigrants into the United States illegally "so they can vote in the election." But he offered no evidence to support his most recent claim that presidential voting may be tainted by fraud.

6. Donald Trump asked his PA supporters (mostly white) to go to minority polls and “watch” the voters in “certain areas” because “bad things happen” there and he does not want a large black turnout. Donald Trump urged his supporters to “watch” others at the voting booths, while also asserting that the election is “rigged.” GOP in VA urges voters to take their guns to polling places.  Wow!

Civil rights groups say they plan to deploy thousands of volunteers at voting booths in 27 states to ensure that voters will not be turned away by harassment, long lines or confusing rules. Teams of lawyers will file legal challenges if necessary.

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

Which liar will win American’s vote?

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

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

           

Trump Network: Don’s son-in-law, Kushner, in talks to start Trump Network Nov 9

Don:    NY Controller says I never gave to 9/11 charity as I boasted. They all ‘lie.’

            11^th liar says I touched her v***a at night club. She just wants ‘free publicity.’

            Why doesn’t the press look at the Wikki leaks of Clinton?

            “Election is fixed.” GOP Supremes decided prez when stopped vote count in 2000

            I think Hill needs drug test. “She was all pumped up at the beginning.”

            I won’t listen to our spies when they accuse Russia of stealing DNC emails.

            Junior: Becoming President Would Be ‘A Step Down’ For My Father

            3^rd debate highlight: “Such a nasty woman.” Clinton hit on not paying taxes!

            “I will totally accept election results if I win” Trump TV begins.

            “I have won” in the court of public attention—I’m already the greatest troll!

            “We have evidence the women are categorical liars but I can’t release it today.”

            McCarthy had “hidden evidence” too until one brave person called his bluff

           

            Nixon refused to show tax returns too and Congress finally got $500,000.

            Warren Buffett says he does NOT deduct biz losses against income, as I claimed.

            Putin ally says vote Trump or face nuclear war.

            Giuliani: Dems do voter fraud since they “control the inner cities.”

            Conway says she cannot believe Clinton is not winning by a bigger margin.

            GOP IN Vote Registrar: “my office is not sure why these records were changed”

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

Mike:    “I don’t understand the basis of her [M. Obama] claim.” “He showed humility.”

            “I can’t release it today” “We have evidence the women are categorical liars.”

            “Don’t say that” to supporters who talk of overthrow of govt if Hill gets in.

            Putin Love: Half of Trump's supporters describe Russia as an ally or friend

           

Hill:    What does Bill’s women got to do with the election?

            My staff emails are clear: I want to win

            AZ Republic endorsed me and now getting death threats  patriotism over party

            Michelle Obama’s speech worth watching. May be the best of election.

Tim:    What can I say they have not already said? It is shocking. Refuse to accept vote?

Trump “reminds me a lot of early Mussolini” Conservative legal scholar John Yoo said.

Dictators who vowed and did put their political opponents in jail or worse

“The Only Thing Necessary for the Triumph of Evil is that Good Men Do Nothing”

Every successful civilization has died from the inside not from attack.

This election looks like 1964 LBJ over Goldwater

DeNiro on Trump’s America

How the party of Lincoln became the party of Trump—conservative means go backward especially among “Christians” who now accept immoral acts in their public servants.

            Therefore by their fruits you shall know them. Matthew 7:20

Regulators are the only protection we have since we can’t sue anymore

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

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

Former SEC Harvey Pitt said he’s sure Wells Fargo scam in brokerages and banks. Jail?

Cellphone kills 5 year old after VA reps avoid passing ban TWICE. Ignore research.

Fiat recalling 224,000 Jeep Wrangler SUVs the air bags may not inflate.

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

Police want gun control.

When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has gun hidden. You and real criminals both have guns. Body cams make it harder to plant evidence and stage scene for TV crews. Police organization issued a formal apology for the historic mistreatment of minorities.

Hector Morejon killed on suspicion of trespassing in Long Beach. No Taser this time.

SCAMS: GOP cut taxes in KS to increase jobs and growth but now big mistake

$2 bottled water from your tap or polluted underground ‘spring’?

Ignoramus Award: Christie eliminates estate tax for wealthy by raising gas tax 23cents.

How our government wastes our money

Over $2.429 trillion for fed subsidies for energy, agribiz, etc etc. Solve SS, Medicare gap

Tax breaks for corporations total over $1 TRILLION, enough fix roads, SS and Medicare

$4 billion new Zumwalt warships are breaking down at alarming rates. Leaks. Gears. etc

Where have all the jobs gone?

Hewlett-Packard to cut over 3000 jobs

Boeing new plant in St Louis offers 700 jobs

Toyota hires 1,000 at new office under construction 2,000 temp in a Dallas suburb

GM takes jobs to Mexico quietly Ford gets heat but Labor costs are about a fifth of US

Ford shuts 4 plants—truck sales sour

WalMart tries treating employees better to boost sales—worked for Henry Ford

Drones replace claim adjusters in Matthews storm damage—speed checks homeowners.

Worldwide revenues for security-related hardware, software, and services will grow 8%.

Oak Ridge National Lab test turns carbon dioxide, a greenhouse gas, into ethanol. Wow!             Reverse engine combustion-co2+water+electric charge = ethylene ethanol.            

Who owns your account now?

LPL brokerage to _____________?

MetLife retiring Peanuts from its marketing. 

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Use a lawyer to avoid taxes

Another way the wealthy avoid paying taxes—a good tax lawyer

Jenkens & Gilchrist were the best tax lawyers in the country—even the IRS admitted that by pursuing them for years for tax evasion and fraud. After lead attorney Paul Daugerdas forged a tax shelter scheme used to generate fraudulent losses and eliminate income taxes worth nearly $7 billion for wealthy clients, the firm grew to 600 attorneys and was bringing in millions. Imagine something like the story in The Firm: Mitch (Tom Cruise) learns that most of the Firm's work involves helping wealthy clients hide large amounts of money in off-shore shell corporations and other dubious tax-avoidance schemes. Mitch goes to a seminar on taxes in Washington, probably given by Paul to other lawyers. Trump could teach that seminar based on his record of tax evasion and asset value manipulation in buildings, casinos, and golf courses. The best minds in the world aren’t curing cancer or world hunger, they work for the 1% who own more than 50 percent of the world’s wealth. “Only the little people pay taxes” one of them said.

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

Trump new tax plan—cut the personal deduction, raise lowest bracket

A middle-class family of five — two parents, three children — would gain $17,000 for their standard deduction but lose $20,250 in personal deductions. Their remaining income would be taxed at 12 percent, not 10 percent. Extra child-care benefits might not be enough to make up the difference, so they would pay more. Trump eliminates what is called "head of household" filing which raises single parent taxes. “Single parents get hit with all three of the tax increases.” On the other hand, Trump gives a government match of up to $500 per year, per child, for parents who put money into a tax-preferred dependent care savings account. A match requires you to put $500 in an account per child. Because of the huge tax cuts for higher income families, Trump's plan would reduce federal revenue by up to $5.9 trillion over a decade. China will need to buy more US savings bonds to cover the gap since fewer wealthy person and corporations pay tax.

Avoid the Trump/Clinton tax increases: https://www.amazon.com/Your-Tax-FREE-Account-IRS-approved-shelter/dp/153735292X

Are you the 1% in your county?

You need only $97,000 income to be a 1-percenter in Holmes County, Miss., or Lamar County, Ala., or $108,000 in Grayson County, Va. You need income over $389,436 to be the average 1% in America. In Teton WY it takes over $2.2 million and growing. In Massachusetts, 1-percenters’ incomes jumped 130 percent from 1979 to 2013; they’ve increased by 112 percent in New York and 113 percent in New Jersey. In New Mexico, they’ve grown only 22 percent over the same period, and in Nevada, only 15 percent.

So the wealthy flock together and have been growing their wealth faster. The huge middle class has lost buying power since the 1970s. That may account for the populist era we are experiencing and the anger Trump is counting on to improve his personal wealth. The 1% has doubled its income since 1979 by capital accumulation and tax advantages we don’t have. The wealthy are not working harder – most of us are working two jobs just to keep up. 1%ers can double their pleasures by avoiding taxes AND compounding their assets. Compounding can double your wealth in 8-10 years.

Use compounding like they do: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

Special Needs child tax-FREE account

ABLE is a way to save $14,000 a year for anyone under age 26 blind or disabled without them losing their SSI benefits. IRS does not tax earnings in this account so it is like Roth IRA. Contributions to $14,000 can be made to an ABLE account on an annual basis up to $100,000, and tax-free distributions if used to pay qualified disability expenses. Check: http://www.ablenrc.org/ For those with greater lifetime needs a trust may help. Trust document available in book at https://www.nolo.com/products/special-needs-trusts-spnt.html. You can also use a Roth IRA to create a tax-FREE inheritance for your beneficiary.

No tax is due on the earnings. https://www.amazon.com/Your-Tax-FREE-Account-IRS-approved-shelter/dp/153735292X

GOP ‘trickle down’ economics failing so KS cancels its scorecard

The end of the council's economic assessment tool is an attempt to minimize public exposure of weaknesses in Brownback's program to build the state's economy by exempting 330,000 businesses from the income tax and reducing individual state income tax. "He specifically asked the council to hold him accountable through rigorous performance metrics," a critic said. "Five years later, the metrics clearly show his tax experiment has failed while business leaders and local chambers of commerce across the state openly ask him to change course." Schools and basic services have been cut to balance the budget since revenues have fallen. Koch Industries has taken its tax cut to other states to invest. Business does not expand because taxes are cut. There must be buyers and consumers with money. KS has proved ‘trickle down’ only works in state controlled economy like Russia and China. Wall Street is betting on Clinton’s plan to raise taxes on the wealthy and business. 79% of Americans favor her plan.

Avoid the tax increases: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

Pensions for public employees failing—Wall Street tricks don’t work

Dallas’s police and firefighters are quitting in droves, wagering that financial-market losses are about to render their promised pensions too good to be true. Pension managers made bets on Hawaiian villas, Uruguayan timber and undeveloped land in Arizona instead of a low-cost stock index fund. Hedge funds are closing after years of losing money over the last few years. In addition to poor investment decisions, contributions from cities, towns and states have been reduced; some to zero. NJ and IL are prime examples. The cost of borrowing money has risen since bond raters don’t see a future in cutting pensions and services. In November, Standard & Poor’s downgraded Dallas’s bonds by one step to AA, the third highest grade, citing the need to address the rising liability to the 9,600-member fund. 

Create your own tax-FREE supplement just in case: https://www.amazon.com/Your-Pension-Box-tax-FREE-employer/dp/1481945157

Are “fulcrum” fees in your mutual funds right for you?

Several mutual fund companies such as Fidelity, Janus, and Saturna Capital now use a special kind of performance-based fee structure, known as ‘fulcrum’ fees, in some or all of their funds. Fulcrum fees are modified hedge fund fees for index funds sold by salespeople. A base fee like 0.75 is assessed and then slides up or down depending on how well your fund did compared to its index. So if your fund fell -2% while the S&P 500, your fund index, fell -3%, you would be charged the higher fee. This means that if your salesperson sold you on an index called “smart beta” ETF (sounds cool) for large stocks, you might pay 0.85-1% because your fund lost LESS than the market index. Clearly, this is an attempt by wealthy fund companies to make their expensive funds more attractive by giving their customers the illusion of a price break from the hedge funds charging “2-and-20”—2% plus 20% of any gain. Fidelity and most funds have seen customers jumping to cheaper vehicles—namely Vanguard. Even Vanguard’s managed funds are cheaper than these ETFs since you don’t pay a salesperson—Vanguard’s registered reps are on salary. Morningstar: “cost is best predictor of success”

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

GOP plans to win elections by limiting voting by Dems

Federal courts struck down restrictive voting laws in KS and WI where the court found “The Wisconsin experience demonstrates that a preoccupation with mostly phantom election fraud leads to real incidents of disenfranchisement, which undermine rather than enhance confidence in elections, particularly in minority communities.” TX courts struck down its suppression law in July. Voter impersonation fraud is essentially non-existent in practice and has virtually no chance of affecting an election even in theory. These requirements fall disproportionately on racial minorities and the poor. So these laws have racially disparate effects while providing negligible legitimate benefits. GOP has filled state houses with conservatives because only the die-hards vote in off year elections with the support of NRA and other GOP-leaning groups. Some observers see “a coordinated attack on democracy.” Others see a repeat of old GOP tactics with a twist. Clearly, without the Voting Rights Act and ‘conservative’ Federal courts, long lines may be the least price to pay for citizens of the USA to vote.  NC has continued to block voters despite their own Circuit striking the legislature’s suppression and Supremes’ NO. KS has refused to follow a court order to reinstate voters taken off the rolls by the GOP. FBI said hackers have attempted more intrusions into voter registration databases. If they are Putin’s men, you can guess which voters will be cut from the rolls.

If FL or OH have fewer Dems on voter lists, could Putin actually pick the winner?

Don’s Apology?: “Sometimes in the heat of debate, and speaking on a multitude of issues,   you don't choose the right words or you say the wrong thing. I have done that." 

Hill’s Apology?: “I just followed advice of Colin and other Sec. State before me.”

Don vs Hill 2016 – “debate” as reality TV show? Do Nothing Congress decide US future.

            “I guess I’m having an Aleppo moment,” Johnson joked when asked for name.

Don:    Ted’s 180: “I am not in the habit of supporting people who attack my wife and attack my father.” But like Christie I need a job next year.

            I pay Ted for my mailing list outreach—he needs money; I need Bible thumpers.

            I have been successful at business so I can save America; Fortune disagrees Marla Maples was not an affair like Gennifer Flowers with Bill. “Another planet”

            “They gave me a defective mic,” My mic was defective. I don’t sniffle.

            Giuliani: I wouldn't participate in another debate unless I was promised Hannity”

            ‘You are our country's only hope’ my email to foreigners. “It’s not illegal is it?” 

            If I did pay taxes, “It would be squandered, too, believe me.” So he does not pay?

            “I fight very hard to pay as little tax as possible.” Paid $0 in 1978 and 1979.

            “Another person would be in jail for that,” Jamilla Hawkins, NC debate observer

            “Raise your hand if you're not a Christian conservative. Should we keep them?”

Mike:   Don has answered ALL questions about his Foundation paying debt, political pay.

Hill:    I prepared for the debate. Even the Arizona Republic endorses me.

            I am sending Bill to FL to inspire the Black and Latino voters          

Tim:    GOP John Warner former Senator and Navy Dept helped me in VA

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!

Leon Cooperman Omega Advisors caught as part of an insider trading scheme. Jail?

Colin Whelehan caught insider trading on ADT Apollo Global deal for $24,000. Jail?

Merrill Lynch caught allowing fake trading causing "mini-flash crashes" for stocks.

Wells Fargo execs will not receive future stock awards; no cash returned; no jail.

Is your vendor honest: http://www.consumerfinance.gov/data-research/consumer-complaints/

IRS announced it will eliminate more than 7,000 jobs by 2024 so NO wealthy audited!

Feds go after Mylan for scamming Medicaid out of $ millions on EpiPen. UK pays $69

Wells Fargo whistleblowers fired in 2010; fraud known to 2010 execs—bonuses; no jail

Wells Fargo caught unlawfully repossessing servicemembers cars for seven years; no jail

Banco Santander SA improperly confiscated over 1,000 vehicles from military members

HSBC caught improper repossessions of 75 cars. Not liable; no jail

In 2012 Capital One fined improper seizures. “it might not be in compliance with law.”

BlackRock fund manager Mark Lyttleton caught profiting from insider trading

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

Police want gun control.

When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has gun hidden. You and real criminals both have guns.

If you are black, you get killed even with no gun, hands up, and after stun gunned. They assume you are a “bad dude”; don’t wait to find out. Later say “found PcP in car.” If you act erratically and ignore commands, you are “put down.”

MO just eliminated licensing and training for anyone to carry concealed weapon—crazy!

FL man called NRA group BEFORE victim died from “stand your ground” killing.

SCAMS

“Time for some traffic problems in Ft Lee”—Time for Christie impeachment?

Budweiser, now InBev  Belgium, renamed Bud beer “America” but all profits to Belgium

Wells Fargo exploited a binding arbitration clause to deflect customers' fraud allegations

Cybercriminals in Europe are offering their services for hire to Isis or countries who pay.

ignoramus Award: New laws to keep police videos away from public view—24 states

How our government wastes our money

We are paying $ millions for defrauding for-profit colleges to keep profits Apollo still

Each LCS costs $655 million but does not work and Austal boat built in Australia.

600 more troops to retake (3^rd time?) Mosul—we already trained Iraq to do this once.

Where have all the jobs gone?

Driverless trucks safer and cheaper so 3.5 million drivers need training for …

Student in Melbourne discovered way to kill superbugs without the use of antibiotics: "a breakthrough that could change the face of modern medicine" Drug company jobs gone!

IRS cuts more than 7,000 jobs by 2024 so NO wealthy audited!

Progressive to hire 1,300 IT developers, systems engineers, software engineers, managers

Manulife (J Hancock) hiring for new IT Lab of Forward Thinking in Singapore; Boston.

9 year old graduates HS; college to ‘prove God exists’ with astrophysicist degree!

Who owns your account now?

GM buyouts to 400 of its smallest U.S. Cadillac dealers—find a new mechanic

Jefferson National to Nationwide

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts