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

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

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

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

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

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

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

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

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

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

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

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

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

Is travel insurance right for you?

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

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

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

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

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

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

Where do you keep your cash? Home?

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

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

Where can you receive unbiased advice?

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

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

GOP religion bill makes discrimination legal

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

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

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

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

Impossible now possible

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

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

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

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

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

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

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

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

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

           

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

SCAMS

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

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

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

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

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

How our government wastes our money

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

Who owns your account now?

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

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

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

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Did your “representatives” give YOU a tax break?

Did your “representatives” give you tax breaks like those for the wealthy?

GOP says that the package of tax breaks “will grow our economy and help American taxpayers keep more of their hard-earned dollars” while providing “certainty to American taxpayers.” This is the old “trickle down” strategy. Business got research and development tax credit and heavy machine deduction to $500,000. A business can deduct 50% of new equipment and vehicles in 2016. They got many other tax breaks.

Take your tax breaks: http://www.amazon.com/The-Tax-Shelter-Young-Americans/dp/1500426520

Succeed in this angry American decade

Many Americans are angry with their situation just like during the 30’s Depression. Leaders are competing for support by driving wedges between us. We are unhappy that our labor intensive jobs have flown. We are unhappy that we are stuck with wages that don’t increase with our productivity. The wealthy now own 90% of assets. 20% of children live in poverty. Our middle-class is shrinking while new entrepreneurs make a fortune overnight. America has swung to its individualistic right. The trust of an earlier period of the American Dream for all is shrinking fast. Demagogues appear in times like these because they offer simple solutions—target one group and control the angry mob as leader. Leadership in one man (usually) allows power to corrupt absolutely. But in our short history, we have voted for a Teddy to breakup corporate power and FDR to fight right-wing extremists overseas. Most of us do not like giving all the power to one person like our ancestors did.

A new poll shows that the majority of us do NOT feel comfortable with a group hater as President. We prefer a positive hopeful future for all of us even if it isn’t possible.

27% student loans owed by seniors are in default—Solution?

The amount of education debt held by people 65 and older has risen from $2.8 billion in 2005 to $18.2 billion in 2013. Gov guarantees the loans and lenders can collect our Social Security benefits FOREVER. There is no time limit and no bankruptcy discharge. Bankruptcy judges have said that to get education loans wiped away, borrowers must show their entire lives would otherwise be characterized by a “certainty of hopelessness” or that repaying the debt “strips [the debtor] of all that makes life worth living.” Federal rules allowing education debt collectors to auto-dial borrowers’ cell phones. Parents become indentured servants for life. See discharge process: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation

Why are women better investors than men?

New survey says men lost 1.8% while women only 1.4% in 2015. They become rich faster than men now. Over time, both would be better off NOT trading the study shows. Trading assumes we know or we think our broker/advisor knows what will happen in the future. Greed and fear are Wall Street’s tricks to separate us from our money like fortune tellers. Buffett says his holding period is forever. 257 hedge funds closed this quarter because they lost so much money. The record is clear: earn 3.79% with managed account or 11.06% with index funds. If we just held the whole market and didn’t try to time the ups and downs, we could earn 10-12% a year. This is the record you could have:

2014    13.80%

2013    32.43

2012    15.88

2011      2.07

2010    14.87

http://www.amazon.com/The-Pimps-Wall-Street-middlemen/dp/151525254X

Why let your broker/advisor take 2/3^rd of your returns?

You put up the money and take all the risks. You should earn the full amount of return the market provides. Your broker has no special information or technical tools to win or they would own their own management fund. As a sales person, their job is to sell you for a profit, just like all salesmen. Successful investing is about putting your money to work not playing poker or the slots. It takes a lifetime to build a successful business. Why would investing be any different? Let your money work and compound for you. Over time your $250 a month compounds to $1 million. Earn 11% not 3.69%:

 http://www.amazon.com/Earn-11-11-3-69-On-Investments/dp/1502412187

Which vehicles last at least 10 years?
Sad but true that all 10 have foreign labels but are made by American workers. American management seems to have hard time managing the process of making reliable cars. Perhaps their top brass does not stay long enough in the job or wants more money or wants to build a corporate empire or run the company into bankruptcy or sale in order to cancel labor contracts or run up the stock price by cutting R&D so the options have more value or retire with a $1 million pension while cutting everyone else’s pension and health care benefits. It is amazing that the best cars are made by the management that takes the fewest rewards. Bottom of the reliability scores: Jeep, Dodge, Ford, Chrysler

Compare management of Chrysler now Fiat, GM now new GM, to Toyota and Honda.

Does our President need to be rational and truthful?

Cruz on budget: "It was Republican leadership playing Santa Claus to the lobbyists”

            “My kids can hit Hillary emails in ad but don’t put them in cartoon.”

Trump: “while I hate some journalists, “I’d never kill them.”

            “There is no proof Vladimir Putin has killed enemies or journalists.”

            Putin is a “strong leader” Putin thinks Trump is “brilliant”

Clinton: “Trump is ISIS best recruiter” No comment on Trump vulgarity—IA take note.

            “I will shut below average schools”

Christie: "does anybody really care if Hillary apologizes to Donald or vice versa”?

Carson: “I never saw a body with bullet holes more devastating than taking the right to             arm ourselves away.” Carson never lost a child in gun fire.

Jeb: “I am more comfortable ranking lower in the polls because it means less scrutiny.

Graham: I told them how to fight ISIL so now I’m done.

Sanders: “Sad reality is Wall Street regulates the Fed.” Fed ready to bail them out again.

New poll: Americans oppose Donald Trump’s plan to ban all Muslims from coming to the country by a more than 2:1 margin (66 percent to 27 percent). The partisan divide on the issue, however, is sharp. Democrats would accept Syrian refugees (74-22) while Republicans (82-13) and independents (51-42) would ban them. All three groups oppose barring all Muslims: Dems (79-18); Republicans (51-41) and independents (67-22). A majority (55 percent) of Americans believe domestic extremists are a bigger threat than foreign radicals, while 55 percent think Islam is a peaceful religion. Americans also support (50-42) sending ground troops to fight ISIS.

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.”

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

Lisa Lewis, former Fidelity broker, caught check-kiting from client accounts.

Olympus Corp’s duodenoscopes found to kill 21 patients but not disclosed to anyone.

LifeLock caught (AGAIN) promising what nobody can deliver—ID security

VA revokes 25 state’s gun permits to fugitives, stalkers and drug dealers, etc.

Wall Street could lose $19 billions if Fiduciary Rule to protect us becomes law. Currently             savers are losing $ billions with high fees and bad sales practices.

Galen Marsh, MorganStanley, caught stealing 730,000 customer account records  

Honda air bags kill 9: why do we leave testing to the companies themselves?

We need regulation—GOP is wrong—companies would not fix bad products on own

Is a SBLOC right for you?
Securities-Backed Lines of Credit are being marketed by your broker/advisor but regulators are concerned that when your portfolio loses value, you may have problems with repayments. Your loan may be called at any time so the extra capital may not be worth the risk especially if you are using assets you expect to grow long term. On the other hand, if you have a sure thing—an investment you know will perform (?) and you pledge a small part of your portfolio, the low fixed interest rate on these loans may be perfect. Compare a 15 month 0% balance transfer loan from your credit card. A variable rate SBLOC may add another level of risk not worth taking.

Check with Warren first: http://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Future of computers, internet and work?
Many are already doing everything online on their smartphones, so why pay for home broadband or landlines? Cable firms have a problem. Where will we do work if we are already on call from employers via phone. If all major computing is done in cloud, why keep data on separate drives? We won’t need a wallet or purse for creds/info. Work will be running machines that actually do the physical stuff except personal services like plumbers, electricians and movers. Most of us find answers online now—diagnose illness, home and car repairs/problems/purchase, work issues. We buy almost everything online from Amazon, et al so retail stores become rare treat. What change is next?

Already, some create their own financial system to produce tax-FREE income: http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

HOW CONGRESS WASTES OUR TAX DOLLARS

Special Inspector General John F. Sopko has spent years documenting waste, fraud and abuse in the U.S. military’s efforts to rebuild war-torn Afghanistan. We have spent $110 billion on reconstruction projects in Afghanistan. When adjusted for inflation, that total exceeds the value of the entire Marshall Plan effort to rebuild Western Europe, WWII.

=More than $8 billion in spending on counter-narcotics efforts in Afghanistan that have “failed by every conceivable metric. Afgans grow poppies like we grow corn.

=The purchase of nearly $500 million worth of airplanes that never could fly and had to be turned into scrap.

=Construction of a building that literally began to melt when it rained.

A $500,000 health clinic that lacked water and electricity. Newborn babies had to be washed in a nearby dirty river.

= Biden promised an additional $190 million to fight corruption in Ukraine's law-enforcement and reform the justice sector. 

=Congress cut future Social Security benefits to spouses  but not their own account.

=Navy's new $362 million ship broke down and had to be towed--lasted three weeks.

=VA keeps paying managers found guilty of retaliation on workers who complained.

=federal workers, who will get a 1.3 percent raise in 2016 but NOT for SS recipients???

=$400 million for new FBI HQ in VA or MD.

=IRS stopped from limiting political gifts from non-profits so rich can buy more votes.

= Military-industrial got biggest bump. For the first time since Cold War, contractors are sending tanks, fighting vehicles and heavy weapons to several Baltic and eastern European countries. Europe can’t defend itself? Putin responds with more nuclear weapons. We have 50,000 ‘active’ military that can’t deploy but are being paid. More =Nat. Guards needed to fill in. Civilians hired to steer drones from Las Vegas and get bonuses.  

=US just killed ten Iraqi soldiers by mistakenly bombing own lines near Falluja

=IRS handed out $46 million in tax refunds in 2013 by mistake—hire bill collectors

=FL postal worker landed his gyrocopter at Capitol proves $3 billions wasted

SCAMS

David J. Homan, Wells Fargo Advisors, Saginaw stole $513,000 from elderly by fraud.

Over 3,000 prisoners were mistakenly set free early in Washington state computer bug.

Lottery fixed in IA, CO, OK, WI by guy in charge of security—Nice job.

Wall Street claims average investors will be harmed by new “do the right thing” Rule.

Indiana will allow alcohol sales on Christmas for the first time – IN turning Left?

KY GOP cancels voting rights of more than 100,000 nonviolent felons.

Who owns your account now?

Deutsche Bank private-clients to Raymond James, 

Nomura Holdings, Japan, agreed to pay CIBC about $1 billion for its 41 percent stake in money manager American Century.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

GOP becomes "spend and tax later" party

GOP becomes the ‘tax and spend’ party when in power

The new budget of $800 million is a violation of the GOP's usual policy of requiring any new spending to be paid for with cuts to other programs. Instead the party approved the tax breaks without offsetting the reductions elsewhere in the budget. Rich and powerful win tax breaks and DEMs can’t stop it. "Congress' capacity to govern remains disturbingly dependent on adopting measures the country cannot afford," Jason Grumet, president of the Bipartisan Policy Center, said in a statement. "This agreement would increase the deficit by roughly $800 billion, which is deeply troubling and weakens our nation future." GOP can’t resist spending on favorites!

Avoid future deficit tax bills: http://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Is being really really rich right for you?

Besides living out your fantasies, being rich can cost you a lot in many ways. You may become a nervous wreck. You may lose many of your true friends. You may lose a lot of money like these wealthy ones. Here are the mistakes many make: Too much of their money was tied up in one investment and too little of their money was in cash or some other liquid investment. And too often, they didn’t think enough about the likelihood that something could go wrong. When you are rich you think you are in control but life happens and oil drops 50%, mortgage finance explodes, restaurants get e-coli. Your fortune may come from a trend that has changed. By the time you realize you are not a god and must diversify like everyone else, it is too late. Trump has gone bankrupt many times because he did not see change coming. He had brick and mortar gambling and endless golf courses. But gambling went online and golfers are playing other games.

Let Warren Buffett be your advisor: http://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Is a mandated retirement fund right for you?

There are many financial experts that think the current 401k voluntary savings plans are inadequate for our futures. They say some us do not save enough, do not invest correctly, and do not maintain the investing routine long enough. Some think that wages are too low for savings. Others think we need to go back to the old employer pensions. Our government just started a new savings plan for workers who don’t have a 401k called myRA accounts. Our government is fighting Wall Street to institute the fiduciary rule that requires retirement account sellers to provide unbiased options. Of course the GOP Congress will never agree to any mandate so the best alternative is a massive financial education program in high schools. We could then choose our best option—a low-cost IRS-approved retirement account that provides income tax-FREE.

We have it already—the Roth IRA. We just don’t learn about it before we start work.

http://www.amazon.com/You-Can-Afford-Retirement-FEE-FREE/dp/1517738253

How the new fiduciary rule helps you and hurts Wall Street

DOL’s proposed rule change would allow advisors to continue receiving payments that could create conflicts of interest if they meet the conditions of proposed exemptions to the rule. But opponents of the proposal claim the rule would create costly and complex hurdles that could make commission-based individual retirement accounts economically unfeasible to serve. Yet we know low-cost index funds beat high-cost funds every time.

“It will drastically change how investment product distribution is done, how advisors are paid and how individual investors are served,” Michael Wong, Morningstar equity analyst and lead author of the report, says in an interview. The report says the proposed rule would create winners and losers in the financial services industry based on investment product choice and business models. 

You would be the winner and your commission/fee advisor would lose:

http://www.amazon.com/The-Pimps-Wall-Street-middlemen/dp/151525254X

The top reality TV Show in America! New show on Dec 15!

Does our President need to be rational and truthful?

            NO, the new GOP is entertainment like Apprentice—fake calamity for money!

Trump: I did not get $5 million for debate “show” but wait till I’m Prez.

             “I have far better judgment" than Cruz who is a maniac. I’ve got Putin’s vote.

            Will Canada take Muslims, immigrants, other non-Trump voters?

Christie: “I don’t believe Trump is a bigot.” “If your eyes are glazed over like mine”

            I am ready to shoot Russian planes and work with King Hussein (he died in ’99).

Cruz: I am a Flashdance Maniac. "Political correctness is killing people"

            “Donald Trump has made Cruz mainstream,” according to Heller (Nev).

Rubio: “That led to the chaos which allowed ISIS to come in”

Jeb: “Donald gets his military advice from "the shows"’ on Sunday TV

Paul: "Rubio has more allegiance to Chuck Schumer”

Fiorina: NSA called me when they needed to listen in to telephone calls. Sort of…

Carson: Let’s have a moment of silence for victims in San B. terrorists.

Hillary: Corporations have to pay taxes too no matter where they have offices. 

Obama: “We dropped 9,000 bombs last month and killed 7 ISIS leaders”

GOP Koch Bros pay for elections but want to revive American Dream

Wealthy conservatives say poor people can learn to get by without the government. They are willing to spend money to prove it. Koch has called for the end of Socialism for the Rich in the past. However they continue to pull down government subsidies for many of their businesses. Talk is cheaper than hiring and training the poor. Koch tells Justice it is OK to reform sentencing criminals.

DEM Warren Buffett says the income of the wealthiest Americans has increased sevenfold but their tax rate has fallen to 16.7 percent. 

Build your tax-FREE fund with Buffett’s strategy: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

Florida Key streets flooded for months; GOP says does not happen

Streets in the lowest-lying neighborhoods stayed inundated for nearly a month with 16-inches of saltwater. By early November, the roads finally dried up. But unusually heavy rains in December brought it all back again.

"Like a sewer," said Narelle Prew, 49, who has lived for the past 20 years in her four-bedroom home on Adams Drive, a waterfront lane lined by boat docks. "So far we have not been seeing buyers being concerned with sea level rise, which I'm a little surprised given all the media attention it has garnered lately," said Lisa Ferringo, president of the Marathon/Lower Keys Board of Realtors. Most are Republicans who say no warming.

But experts warn that plenty of cash and land stand to disappear in the next 15 years.

A $400 million stormwater pump program planned for Miami Beach. Will GOP see man-made?

Can we help you with a financial problem?

We now have solutions to many of your questions about finances. Written by some of the best minds in financial services—from mutual funds and retirement income to long-term care insurance to best term coverage. See http://www.dankeppel.com/services.html.

Our authors can answer questions by email. E-mail: editor@theinsidersguides.com

Is investing in stocks after you retire right for you?
Many advisors and their clients seem to think that you should only hold fixed income accounts the day you retire. 50 years ago this was a wise decision because people did not live long after age 65 and brokers feared the client would complain about portfolio volatility. But ONLY stocks beat inflation--not bank CDs or bonds. One of you may live another 30 years so your liquid assets will be worth HALF after 20 years or so. If you can live on HALF your portfolio, cash and its equivalent are great. Most of us cannot afford this so we go with Warren Buffett’s advice. He made over 90% of his money AFTER age 50 in stocks.

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

Is your retirement plan rated in the top 30?

Large corporate 401Ks dominate the list including the oil and pharma companies. The best plans match your contributions and provide low-cost investment options. Cost is best predictor of investment success. If you do not receive a match from your firm, you may be better off starting your own tax-FREE plan. If you contribute $250 a month to a low-cost stock index fund like Vanguard’s 500 Index, you have a good chance of hitting $1 million by retirement. Using the tax-FREE plan, you can spend it all—no income tax on your 401K which could mean no income tax on your Social Security benefits.

http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Are student loan repayments a challenge?

Now you may qualify for lower payments. The newest income-driven repayment plan, Revised Pay As You Earn (REPAYE), became available to anyone with federal Direct student loans. Borrowers are now able to cap their monthly payments at 10% of their discretionary income, regardless of when they borrowed. http://blog.ed.gov/2015/12/your-federal-student-loans-just-got-easier-to-repaye/

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.”

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

VW said manipulated software since 2005—what else did VW lie about?

GOP: pollution OK—Paris agreement "is subject to being shredded in 13 months."

CDC: doctors need to stop giving opioids--study says they increase deaths 16%.

EZCORP, a small-dollar lender caught for illegal debt collection like home visits.

Atlantic Asset Management caught putting “its own interests ahead of client interests” 

CarHop caught giving inaccurate negative credit information to bureaus on buyers.

T3Leads caught putting borrowers at risk of harassment and deceit.

We need regulation—GOP is wrong—companies would not fix bad products on own

Is the expensive but unreliable vehicle for you?

Even if you pay a lot for a vehicle, you may NOT get what you paid for. As with financial products, you don’t always get what you pay for. Annuities are expensive income accounts you can buy for 0.05% not 3.5% a year. Famous name-brand vehicles may be unreliable. For instance, Audi RS6 costs about $150,000 but is still has VW issue. Mini Cooper is cute but BMW left the quality behind. Mercedes-Benz CLA 250 is just cheap—rattles and squeaks. Volkswagen Beetle has harness problems just like my 1985 VW Golf did. Chevrolet Silverado is popular but suspension sucks just like the $100k Mercedes-Benz S-Class. Infiniti Q50 is $37 grand of problems. Unreliable group ‘winner’ is VW with its illegal software for diesels. Best cars: http://www.bankrate.com/finance/auto/dependable-cars-that-rarely-need-a-mechanic-1.aspx

Best annuity: http://www.amazon.com/The-Best-Annuity-Strategy-Income/dp/1497532019

Health care mandate penalties

“It’s important to remember that the final deadline to sign up for 2016 coverage through HealthCare.gov is January 31. If you don’t enroll by then, you could have to wait another year to get coverage and may have to pay the fee when you file your 2016 income taxes.” the CEO said. This year’s fee for no coverage is at least $695, or 2.5% of their annual household income for 2016.

Our ‘reps’ give big business a boost—HALF budget spent on killing machines!

“Major defense contractors Raytheon, Oshkosh, and Lockheed Martin assured investors at a Credit Suisse conference in West Palm Beach (last) week that they stand to gain from the escalating conflicts in the Middle East. The good news for the contractors is the latest budget deal authorizes $607 billion in defense spending. The budget deal in the making requires serious thought but the deficit will still rise because Bush tax cuts are not paid for and more companies are avoiding taxes. We sent guided missile frigates to Taiwan. 

GOP spends and raises taxes later!

Avoid paying for Washington’s bad judgment: http://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702

HOW CONGRESS WASTES OUR TAX DOLLARS

Special Inspector General John F. Sopko has spent years documenting waste, fraud and abuse in the U.S. military’s efforts to rebuild war-torn Afghanistan. We have spent $110 billion on reconstruction projects in Afghanistan. When adjusted for inflation, that total exceeds the value of the entire Marshall Plan effort to rebuild Western Europe, WWII.

=More than $8 billion in spending on counter-narcotics efforts in Afghanistan that have “failed by every conceivable metric. Afgans grow poppies like we grow corn.

=The purchase of nearly $500 million worth of airplanes that never could fly and had to be turned into scrap.

=Construction of a building that literally began to melt when it rained.

A $500,000 health clinic that lacked water and electricity. Newborn babies had to be washed in a nearby dirty river.

= Biden promised an additional $190 million to fight corruption in Ukraine's law-enforcement and reform the justice sector. 

=Congress cut future Social Security benefits to spouses  but not their own account.

=Navy's new $362 million ship broke down and had to be towed--lasted three weeks.

=VA keeps paying managers found guilty of retaliation on workers who complained.

=federal workers, who will get a 1.3 percent raise in 2016 but NOT for SS recipients???

=$400 million for new FBI HQ in VA or MD.

=IRS stopped from limiting political gifts from non-profits so rich can buy more votes.

SCAM

French teacher made up story of ISIS attack—more to come?

Gun toting Nicholas Robertson was shot 33 times for being ‘erratic’?

Terrorists close 900 LA schools--more than 700,000 students at home. "These threats are made to promote fear...we can not allow us to raise the levels of fear," NYC police said.

            Florida Atlantic University fired a professor who called the shooting at Sandy Hook Elementary School an elaborate hoax. James Tracy, associate professor has written that although the news media reported that 26 people died in a mass shooting at the school in Newtown, Conn., the incident was staged.

Pharma millionaire raised price 5,000% then cries when his lawyer does same.

IAN

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