Why your advisor is outsourcing your investment needs

 

Another way the wealthy fail to pay their fair share

Conservation easement tax deduction is intended to keep pristine environmental beauty alive for all of us. Instead lobbyists are paid to stop Congress from killing this loophole. Congress people are paid to allow this concept for huge gains to continue. The wealth avoided $9.2 billion in taxes in 2018. Some pay nothing; others pay 3.4%. The IRS admitted it has not been able to stop the misuse of the loophole. In some cases a group of rich investors buys a useless property and gets an appraiser to up the potential value so that “easement deductions exceed 2.5 times” the amount paid. Closing this loophole would generate $12 billion in additional tax revenue through 2027 according to the OMB. A simple example of this taxpayer rip off is the one created by Trump. After he bought his mansion in Westchester, he claimed a huge tax deduction for the trees in his front yard. Trump received a tax break of $21.1 million, according to court documents. New York is now investigating this scheme. Trump claims the value of his forest will be a lot more when the next owner builds and sells 24 mansions in its place. There is no evidence of this future use for the forest. We pay the taxes that the wealthy fail to pay.

Use your tax-FREE account: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

 

Help your child, grandchild get started on a $1 million fund

They will need a million dollars since inflation can reduce the buying power by 50% in just 20 years. Since common stocks have the best history of keeping ahead of inflation, a broad portfolio has the best chance of delivering steady returns. Since 1871 a basket of stocks (dividends reinvested) has provided 11% returns. Ordinary inflation is 3% not 8.6%, so right now stocks are cheap. If you show your family that an 11% long-term return can turn $250 a month into $1,000,000 in about 34 years, they will not be try to beat the market with fast trades through a $0 commission broker. Show them the math: $250 per month for 34 years costs $102,000 in contributions. They earn $898,000 in dividends and capital gains. If they use their special IRS tax-FREE account, they avoid about $225,000 in taxes when they take their money out to live on. Remind them that Warren Buffett bet a million dollars on a low-cost market index fund to beat 5 super stock pickers. Buffett recommends you use the Vanguard 500 Index Fund. Why? You can give up 63% of your returns when you use a broker. And if they trade to beat the market they may end up with the historical broker account average of 3.79% not 11% a year. That’s $208,865 instead of $1,021,768 after 34 years.

https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

 

Why your advisor is outsourcing your investment needs

Advisors Are Outsourcing Investment Management: more time to find more fees/charges. Such is the story from your RIA sales person. Your advisor is in the sales business—attracting new assets. In our recent research, we found that more than two-thirds of advisors surveyed believe outsourcing gave them more time to spend on client relationships, client service, and business development. So your money will end up in 4,000 investment models from nearly 500 institutional asset managers. This means your advisor will charge you to pay someone else to stick your money in a set portfolio. They will ask you to fill in a long form and come up with a risk/reward ratio. That’s it. You will pay your advisor and the money manager both for life. This is why some analysts have determined that your fees can take up to 63% of your potential final net worth. This is why the average managed portfolio earns just 3.79% not the index fund rate of 11% over time. No advisor or money manager can beat a simple stock market index account. Those that do, have a lucky run for a short time.

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

 

 

Can you really secure your retirement income?

Some sales people claim you can do this by buying and holding gold and silver. But precious metals only hold value during high inflation times during some periods. Over time they earn much less than stocks. There are insurance sales folks who claim 70% of American seniors will need long-term care. This statistic is misleading since promoters are counting all the times seniors need short-term care at home and in facilities covered by Medicare. Some bankers want to give you money for your home now and let you stay in your home till you die. Of course you still need to maintain it and pay the property taxes on it. Reverse mortgage costs more than some traditional mortgages. When the reverse mortgage amount runs out, you have no home equity to tap into. Another sales proposition says you can increase your net worth 6 times by having someone else manage your money. Yet the firm that tracks money managers says your account grows at only 3.79% a year compared with leaving your money in a simple stock index fund earning 11%. Unfortunately, those who manage your money take their pay from your funds even when they lose your money. They may make the wrong trades at the wrong time, called churning. There are no refunds for bad advisor advice.

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

 

Fight inflation by saving on your financials

Save on your insurance, securities, mutual funds, banking, credit cards and recurring expenses. Most of us forget to review our recurring expenses to make sure we have the best deal or continuing need for products/services we bought before. I have shopped for car, home and umbrella liability insurance every two years or so. Why? Every time I shop I save. Carriers change marketing plans or I don’t need the same coverage. I am older and so are our vehicles. I have not made claims because I raised my deductibles and so I pay less. I don’t trade securities but when I buy individual issues or mutual funds, I use a no cost or low-cost firm. I moved my business bank when they raised the minimum needed for no monthly fees. I got rid of all my high-rate credit cards. I earned $600 by using new ones with a bonus. I dropped the more expensive cable package when Verizon raised the cost. I wasn’t using Netflix anymore so I cancelled. Same with data wireless plan I was not using completely. Now I pay as I go. I got my town tax assessor to lower our property taxes. I make sure I use all of my tax credits—small businesses, IRA deductions, charity, medical and educational. I am saving about $3,000 a year which I add to my IRA deduction. I still clip coupons on groceries or buy direct from honest sellers. I buy used books and electronic media. My money-back guarantee credit card saves me from fraud.

https://www.amazon.com/Financial-Bargain-Book-Save-3000/dp/1517264936

 

Retirees’ incomes get killed with inflation

Retiree households had an estimated median income of just $29,000 before taxes in 2019, according to Transamerica. Even worse, just over 1 in 4 retiree households — 27% — reported an income of less than $25,000. Retirees are sacrificing food and clothes to afford healthcare. Out-of-pocket health costs for elders in the U.S. rose 41% from 2009 to 2019. Some pawn heirlooms to survive. Waitlists of renters needing affordable housing continue to grow. Usually only Social Security benefits increase with inflation. If you will depend on bank savings, a fixed pension or annuity, the new inflation squeeze will hurt. You can estimate what your situation will be with a Monte Carlo calculator like Vanguard’s https://retirementplans.vanguard.com/VGApp/pe/pubeducation/ calculators/RetirementNestEggCalc.jsf. You can estimate your total savings accumulation using Vanguard’s Save for Retirement calculator: https://vanguard. newkirkone.com/plansavings/?cbdForceDomain=true#. If you are in a savings plan at work or are on your own with an IRA, use the Roth IRA option so you grow a nest egg that provides a tax-FREE retirement income. Despite the present stock market downturn, stocks are one of the few investment options that can out run inflation long term. Using this retirement account will boost your income by 12-22%. "Cash is not a safe investment because it will be taxed by inflation." Ray Dalio, hedge fund manager.

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

 

Strategies to overcome a bear market

If you believe the stock market is headed for a period of reduced returns, consider these strategies recommended by past successful gurus. Consider your investment behavior if your portfolio drops another 20%. Adjust your allocation accordingly.  Asset allocation can lean away from growth stocks to dividend stocks. Stay diversified: energy, high dividend, real estate and utilities usually offer temporary protection from the Fall. Always use “dollar cost averaging” to invest or move from one fund to another. With a fixed amount, you buy more shares when prices are lower and less when high. Keep track of fees. When earnings are low or negative, the industry does NOT stop taking their fees: double whammy. Over a lifetime of investing, “you may give up 63% of what you would have had.” Use only low-fee financial help.  Bears eventually end and usually recoup losses in a year. Most investors miss the time to jump back in: timing does not work for most. 10 best days of the stock market account for 80% of the rise. I have not looked at my statement for 6 months. I’m buying the biggest losers of the year right now.

https://www.amazon.com/Snoring-Best-Way-Create-Wealth/dp/1466408928

 

 

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

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

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 Dems

 

Trump had become “detached from reality”

 

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

 

Trump used mafia intimidation on defenseless

 

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

 

Trump’s Supremes end personal rights: state laws except for weapons WMDs

 

 

Nov 8 2022 Trump’s “national revolution”

 

 

 

How Govt wastes our money:

Trump’s terrorists could have killed Pence: Pence called military help from escape route

Airlines got $Billions free to keep crews employed: CEOs not crews got the money

Politics trumps justice: Jan 6 committee not sending witness statements to DOJustice

 

US Justice focus: Ukraine not Trump’s attempted coup: Garland prosecutes Russians

 

“There just isn’t a lot of legislative time left.” July: Congress vac Aug then election

Supremes cancel church state separation: state tuition to religious schools constitutional!

Supremes cancel right to sue police for ignoring Miranda warnings: induced confessions

 

Supremes cancel police concern: too many guns on the street are a threat to public safety

None of Founders carried gun around city: Burr Hamilton had to leave city to shoot guns.

 

Despite $ billions in subsidies we pay them, oil refineries closing: EU uses small cars

Refunds: 21 million paper tax returns are still waiting: rich don’t overpay, no waiting

Half of Retirees Now Owe Taxes on Social Security: use a tax-FREE retirement account

 

Gun violence bill: nothing on guns: states get money to spend on ….

Uvalde lesson: teachers must shoot the terrorist to protect kids: coward’s suicide event

Most attacks over before police arrive: HALF leave scene before: 1/3 shot by cops

New body armor rules in NY miss vest worn by Buffalo killer: terrorists armor still OK

 

How will police know shooter if everyone has a gun? Of 433 attacks, only 12 good guys got him

 

SCAMS/SPINS:

Teachers leaving to avoid teaching culture war ideology: race, sex, politic are facts of life

Apple staff going to union shop: Jobs used to give stock and lunch

Uvalde police did have rifles and shields early: some cops got their kids out 

 

Supremes prove political focus: pro-Trump anti-women   Prejudiced court not American

Supremes decide to arm the rest of the US: 25 states already don’t require permit to carry

 

TX kept many slaves in irons after Juneteenth despite Civil War. Now redlining evictions

TX rejects Biden, Trump wins 2020: TX will vote to secede: rejects Fed subsidies

GOP co-conspirators in coup:  Gohmert, Gaetz, Perry, Biggs, Brooks asked for pardons!

 

TX massacre was plan of God: “God always has a plan,” the TX top lawyer replied.

MO GOP: “Join the shotgun crew. Get a RINO hunting permit. There’s no bagging limit”

 

New scams: genetic tests, Apple phone, IRS call, family plea, Amazon security, shut off

Philly eviction help: mediation process requires landlord to respond

Geoffrey Palmer, CA caught failure to return rent security deposit 19,000: fine no jail

Recall: Toyota, Subaru recall EVs: wheels fall off

 

HelloFresh caught “17 free meals” scam to debit account forever

“Buy now, pay later” scams caught overcharging for long term debt

Soaring medical debt: middle class squeeze: lose job; lose coverage: hospitals sue

 

Google caught paying men more than 15,500 women: 30% of fine goes to attorneys

Crypto dealers close out withdrawals: you could lose your assets

Congress lets these companies follow your transactions/decisions/lifestyle: files on you

 

Putin is kidnapping, exiling Ukrainians to Russia after bombing them out of house/home.

 

GOP vision: no oil/gas subsidies, guns over children, no abnormals, original Constitution

2024 GOP Fake electors vs accurate popular vote: American vs Russian-style vote count

 

Jobs

Many are using this market disruption to find a new job, new start, new life

Waitlists of renters needing affordable housing continue to grow.

Newark launches search engine to help renters find housing they can afford

 

Lifeguards needed everywhere: pandemic, certification stopped, pay lags many other jobs

 

Who owns your account now?

FREE money: bonus cards up to $750 on travel, $2-300 cash

"Cash is not a safe investment because it will be taxed by inflation." Ray Dalio

Wealthy pass on wealth without taxation: all the legal accounts they need to avoid tax

 

Waiting for 8% on bank CDs: inflation times like the 80s were great for saving for home

 

Miracles:

DNA of Black Death victim 1338 shows location: Kyrgyzstan: kills 200 million 

June 17, 1972, an inept burglary (tape on lock) GOP destroyed American innocence

Our next delivery trucks/bikes: 15 mph with 440 lbs

 

Many coastal cities are sinking even faster than sea levels are rising: Miami garages

Excessive heat on the train tracks caused a BART train to derail 

Garage-sized reactor could provide limitless energy: wealthy avoid PSE

 

A laser that can stay on forever: medical, industrial, holography, bar-code scanners

Exercise pill:  “slow down osteoporosis, heart disease or other conditions.”

 

Lose weight by cutting sleep oxygen: hypoxia cuts appetite and burns more calories

Diagnose Alzheimer's disease in a single scan: therapy to control their symptoms

Supremes open up NYC subways to Wild wild West style gunfights in tunnels, platforms

 

 

 

@

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

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

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!

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

“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.

 

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

www.InsuranceAdvisorsNetwork.com

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

 

Mark the New Year better

 

Make the New Year better

 

Is automatic bill pay right for you?

There are severe penalties for not paying your bills on time. You will get hit with charges, interest and lower credit bureau scores in many situations. You also may be paying higher mailing rates. How do you avoid this situation? Your bank may offer auto bill pay. I have been using this for about 10 years. Using your checking or business account as the source, you set up a vendor account with the name and address of the entity you owe. My monthly house mortgage loan is paid to Quicken at the same amount each 1^st of the month. The bank posts this amount the Quicken’s bank by the 1^st automatically. I do nothing after I set the amount monthly. For credit cards with different amounts, I enter the amount when I get the bill and set the date I wish the amount to arrive at the card’s address. For all others (utilities, doctors, newspapers, insurance, and individuals), I decide the amount and time to arrive at their address. All I have to do is have all my income deposited directly into my checking account. Some times I have to move money from my savings to my checking for emergency bills. Sometimes I have to reimburse my daughter and (she me) via direct transfers or Zelle. Her account is at the same bank but I can do a transfer to another person at their bank for large fee. The best part is I have monthly records on paper and any period totals digitally. I can also find and print any transaction during the past 12 months. I don’t pay extra for auto bill pay since the bank has my money from direct deposit. In fact I have saved over $50 since starting. 

More ways to save: https://www.amazon.com/Save-3000-every-year/dp/1500681571

 

 

You need a tax-FREE account so your retirement income is FREE

This book will show you how to: Create a $2,000,000 tax-FREE Retirement System. Use the best legal tax shelter: no taxes . . . ever. Tax-favored over a 401k even with a match. Protect your family and assets with your System. Borrow from your System to pay for large purchases. Buy whatever you need without going into debt to others. Self-insure manageable risks—invest the premiums saved. Buy financial services at wholesale prices—save $3,000 a year. Manage your System in 1 hour per year. $2 million nest egg can produce $160,000 a year in retirement. $1 million produces $80,000 income FREE.

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

 

 

New Year fresh start for your kids/grandkids

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 $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in a retirement supplement. Your kids use the Buffett investment strategy for any amateur. Buffett recently proved his method, though simple, beat the strategies of the best hedge funds. Start with only $1,000.

Start in 30 minutes: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

2022: another stock market high?

You may have noticed that your 500 index fund returned about 29% last year. Your real estate index fund provided 40% return. Like 2019, 2017 and 2013, these highs might start convincing you that an average for this period of 17% might continue. Using the 500 index would have quadrupled your retirement nest egg. But before you get greedy, you might want to move some of those gains to a balanced account like Wellesley Income Fund. This low-cost managed fund has provided steady income to retirees since 1970. This balance of stocks and bonds could help you through the anxiety of 2022 since the Fed (US gov money manager) will stop pumping up Wall Street firms and will increase interest rates soon. This situation has already changed market forecasts so you know we are not likely to be so lucky in ’22. Remember the cardinal rule of managing money, especially in lower return periods: low-cost beats high-cost in every period.

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

 

What is your retirement dream?

Travel, hobbies, family, business, volunteer, keep favorite job, other? No matter your dream your first concern is health. Our dream can motivate us to save for the time when we don’t NEED to work at a job for money. Thus there are folks who have prioritized saving over spending, even when family obligations are great. Take the story of the Howell family highlighted in a recent Money newsletter: the Howell's could save 21% of salary and put kids thru college. Randy retired at age 56 from a variety of labor and management positions with United Parcel Service, and LuAnne worked as a school secretary. They enjoy hiking and other outdoor activities. However, without a health plan from work, it is doubtful they could have retired early to do what they wanted to do. For other folks, what happens when their health requires them to interrupt their plans? Our health system is a ‘for profit’ system so that my health needs are in conflict with the industry need for profits. I, NOT them, will suffer when I can’t afford to maintain my health. My dream is crippled while they earn more. The need for affordable health insurance becomes the No 1 priority for America.

Health insurance first: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

 

 

Is using a 401k brokerage account right for you?

New research by Empower shows that while the average age of participants using the brokerage account is higher than average, the effect has to do with older participants having higher incomes and balances rather than just because they are older. This makes sense from the view that buying individual securities when you already have a nest egg built up provides some further diversification or specialization. One reader had 80% of their 401k money in a low cost S&P 500 index while they continued to buy DMYI which is involved in quantum computers. This arrangement is sometimes called a “hub and spoke” strategy. Any loss in the spoke does not destroy the wheel.

https://www.amazon.com/Best-Both-Worlds-Spoke-Investments/dp/1533307326

 

Which used cars to buy now?

Vehicle dependability is at an all-time high, according to the J.D. Power 2021 U.S. Vehicle Dependability Study. Owners of 2018 models reported on the number of problems they have had. Lexus, Porsche, Kia, Toyota head the list. Rover, Jaguar, Chrysler come in last. By the way, Jeep, Dodge Chrysler, is now stellantis. Because of the lack of chips for new cars, used car prices have gone up to meet the demand. However, if you are looking for a bargain, you need to compare this list to the list of vehicles from iSeeCars that depreciated more than 1.3 times the 39.1% average three-year depreciation for all vehicles. This list shows that Audi 6, Ford Fusion Hybrid, BMW 3, and Volvo S60 lost the most value. In 3 years, these cars lost over HALF of their value. However, one vehicle shows up on both lists: Lincoln MKZ. The Lincoln MKZ was discontinued after the 2020 model year, which shows that demand isn’t high for this vehicle perhaps because it isn’t as luxurious as its competitors. However, at $21,500, the used Lincoln may be a bargain since you have some dependable lux at a reasonable price. Avoid flooded ones. Shop around for insurance. High deductible reduces premium. Save $22,000 over time.

Ask for each discount: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/

 

Are buying art, wine, gold the right investments for you?

Many internet blogs run by journalists provide misleading investment advice to sell clicks to other for profit sites. Example: 6 Brilliant Ways to Build Wealth After 40 Misleading advice 1: Invest in art that has outperformed the S&P by over 180%. Claiming that wealthy people make huge profits, the authors don’t cite which art they mean and how much the rich paid for the art. 2: Get $10 by starting to invest in Apple, Tesla, Amazon. The fees for investing small amounts may take all your profits and won’t build wealth. A free index account of the top 500 stocks may build wealth over time using the Miracle of Compounding. 3: Buy gold from a dealer to avoid volatility. The authors don’t explain that gold prices fluctuate too. The dealer fees may also take all your profits. 4: Shopping for car insurance can save you money but you need to shop the carriers directly not from the editors of this blog. Each carrier has their own discounts/rates. 5: Buy wine from their firm for an investment return of 10.6%. Speculating on bottles of wine is not smart no matter what “sommelier knowledge with AI-driven algorithms” they use. 6: Stop overpaying for stuff online. Using a browser extension, you can save on some goods. However, when I used it I found that the pop up usually shows the same price on Amazon or at another site but without adding in the shipping costs. Since I have paid for shipping with Prime, the alternative was misleading and I needed to create another seller account. 7: Invest in real estate and art through a 3^rd party to earn “passive income.” Low-cost index accounts with no 3^rd party fees provide these important diversification asset classes. However, the authors don’t explain the fees charged on the interest income paid.

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

 

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

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

 

Sedition: Trump’s plan to keep power

 

Trump co-conspirators charged?

 

Terrorists send Congress to floor

 

Cheney: Trump or truth

 

725 terrorists charged

 

 

US civil war II

 

 

How Govt wastes our money:

Congress fails to pass law against abusing women: no votes since 2013: NRA blocks it

Sedition: ‘speech that incite people to rebel against the government’: Trump incites Jan 6

Sedition: Trump called on his "MAGA nation" to "rise up" against President cost $30 mil

 

SCAMS/SPINS:

Kids with Covid fill hospitals: unvaccinated; 378 children admitted per day

GOP Jordan claims booster not effective but NO facts more Trumpers die for lie 840,000

 

TX tells Navy it has no jurisdiction over antivaxxers despite orders: 35 may kill hundreds

TX bans books on race and sex they don’t like in secret meetings: teens buy own books

 

NJ caught negligence in deaths of 100+ veterans in state-run facilities: fine $53 million.

Surprise medical bills now illegal: Just say ‘no’ to med providers who spring bill on you

Call a taxi: ambulance rides $450 or more are exempt so we still face surprise bills.

 

Teva Pharmaceuticals caught providing opioid leading to deaths of 500,000 users

Rich need a raise?: Time to raise prices on Covid tests, treatment, vaxx, swabs, etc

 

Manchin decides Dems not break GOP block vote rights: takes McConnell’s job

GOP halts Voting Rights Act: states block vote expansion: Trumpers hold key jobs

Only 1 Republican showed up to remember the 1^st and only attack on our government

Most Americans don’t think state GOP will accept Dem win: GOP war for Trump

24^th Dem quit House: GOP win without a fight

725 terrorists charged: most convicted rioters received no jail time: ready for 2^nd attack

 

Trump terrorist attacks covid vaxx clinic shouting “murderers” 1 hospitalized from hate

"There’s a demand for misinformation; so people are always gonna find a way to get it."

 

21 million Americans believe violence is justified to overturn the 2021 US election

75% of insurrection supporters: Dems trying to make US “obedient” Third World voters

 

40% GOP: “violent action against the government" sometimes justified: 2^nd civil war

30% Americans think Biden illegitimate elected president: 30% think election fraud

Sedition not charged because Jan 6 attempted coup was run by white supremacists

 

Trump’s TX recount: 0.0006% discrepancies: Biden did not win TX: Trump lost votes

Putin hackers behind election probe of Dominion Voting Systems in cities w/o machines

Western allies fear erosion of democracy in US: riot, insurrection, or armed coup?

 

Ivanka, Don Jr caught in subpoena by NY attorney general: long delay tactic; no jail

Prince Andy says 17 year old has already been paid for his sex: $500,000 voids her suit

 

Mel Trump is selling her hat: needs money; divorce? They lost their shirt on Wash hotel

Marlboro cigarettes changing image: “moving beyond smoking” to smoking in space

HeartWare pump taken off the market after years of problems: still in chest of thousands

 

Allen Giltman CA caught selling fake CDs from fake websites: $50 million

John Piccarreto NY caught Ponzi fraudulent promissory notes $20 million prison 7 yrs

Susan, William Harris caught stealing funds from special needs folks prison 47,15 yrs

 

Petra Gomez Jakeline Lumucso caught prep fake tax returns $25 million prison 8 4 yrs

Kent RE Whitney CA caught investment scam at his church $33 million prison 14 yrs

Jeff Carpoff CA caught fake mobile solar generators Ponzi $1 billion prison 30 yrs

Richard Terabelian Ayvazyan CA caught $10 million Covid relief funds prison 17 yrs

 

Private equity–backed RIAs had a 147% increase in advisors misconduct after takeover.

 

Jobs

Nevada fires unvaccinated higher ed employees after mandate left in place

Walmart to hire 3,000 drivers as it expands home grocery delivery: put fridge for you

37 Bed Bath & Beyond stores are closing

 

 

Who owns your account now?

Mortgage rates rising: refi before Fed raises rates: 1.750% 15 years

Avoid delay in tax refund: enter the exact amount of Child Tax Credit: look it up at IRS

AT&T and Verizon delay new 5G service: why pay more for no better service: airports

 

Student loan borrowers will have an extra 90 days to begin repayments

Removing all your personal data from internet data brokers can be time consuming

 

Miracles:

10 year old refused Alexa challenge to shock herself in outlet: Jeff’s fun is deadly

Nuclear war “avoided” say world powers: Gee, I feel better: what did we have before?

We need more air: Seed-dropping drone can plant 40,000 trees a day

 

GA to allow everyone to carry gun without a license or background check or training

 

Pope wants more children

Child abuse: 300,000 children were taken in marriage by older men: still legal in US

 

 

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

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

 

More American ‘Socialism’—Our taxes go to make rich, richer

More American ‘Socialism’—Our taxes go to make rich, richer

Amazon’s Bezos, the man with more wealth than half the nations of the world, takes government money to locate in VA. (America’s form of Socialism is called subsidies)

If Bezos needed another place to work, he could have built anywhere and people would work for him and pay taxes. It will take years for government to earn back this Socialist handout. Many taxpayers across the country are putting their hard-earned money in the pockets of the already wealthy business owners. Governments give money to the elites: Russia helps Putin’s oligarchs just as China subsidizes its businesses. In many studies, subsidies are ineffective for taxpayers since the payback never happens. Once we give money to one, everyone wants the same deal. Of course most businesses that receive tax money don’t really need it like a small business starting out would. An estimated $18 Trillion was transferred from taxpayers to private hands between 2000 and 2015. 99% of it went to large companies, even foreign banks. Yet when those same taxpayers could not pay their mortgages from temporary layoffs, they were ignored. Many lost the home they had put their savings into. People had to give up a lifestyle to survive on less.

Avoid paying corporate subsidies: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Do you need a lawyer to start a small business?

In some states, you do not need the state’s permission to start a business. Some states require you to get a specific name approved for a new legal entity like a Limited Liability Company (LLC). You may be able to do this yourself. For instance, in New Jersey you complete and file a Public Records Filing for a New Business Entity. You pay $125 to New Jersey Division of Revenue in the Department of Treasury. The filing takes 2-3 weeks. The document becomes the original Certificate of Formation, which states that your LLC has been formed. After that, you need to obtain an employer identification number (EIN) from the IRS, open a business banking account, and finalize an operating agreement. However, since you are starting out, you are better off just using your name as your business. Don’t waste your money on a lawyer or an official entity. Just follow the tax requirements: https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center. Don’t cheat. My experience led me to Dummies book and Nolo.com. Prove your sales work. Many libraries have these books.

Don’t waste Start Up money: https://www.amazon.com/Save-3000-every-year-Only/dp/1500681571

Be prepared: we will all live longer

25% of men and women will live into their 90’s. The life insurers keep track of this for profit’s sake. That is 30 years! To get ready, we must either save more, save smart or work longer. Depending on your situation, saving more and working longer may NOT be viable options. Many of us should be saving smarter. Some may find a less stressful job. As an AARP tax-Aide volunteer, I see every combination of these folks. Most in their 90’s can’t work. They are scraping by on SS benefits of less than $20,000 a year. Some are lucky to have an old-style pension but it does NOT increase each year. Some have annuities but they don’t increase either: $1,000 a month was good 25 years ago but no longer. One couple in their early 70’s have two great state pensions after working 25 years. Most teachers are famous for saving money. Some retirees have great dividends and interest. Very few have Medicare supplemental health plans. Very few used a Roth IRA for tax-FREE income. Very few retirees I see have a smart portfolio of stock and bond mutual funds. Some have brokerage accounts with trades they never understood. They have some gains but the fees almost wipe them out: $720 gains but $588 fees. I cannot advise them to use smart savings funds: stock/bond funds at low cost in retirement. But I know they will need them for 30 or MORE years.

They need growth and income: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

Are you ruining your kids and your own retirement?

Nearly 80% of parents give some financial support to their adult children—to the tune of $500 billion a year. That’s twice what parents put into retirement accounts. Almost three-quarters of respondents acknowledged putting their children’s interests ahead of their own retirement needs. Half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. But where does that leave us? Will they be able to take care of themselves once the money is gone? And what about us? We end up living on meager SS benefits and they can’t manage their own income shortfall. We might feel we must share our wealth because the longest bull market has kept us safe. But our good luck may not rub off on our kids. They will choose the easy way instead of working their way up from the bottom. College is not the only answer—certainly NOT for everyone. They may be a better technician than a manager under extreme pressure. Student debt is strangling us. Perhaps a better way is to offer them a business proposition—instead of living with you and all the comforts of home—write them a business loan to get them on their feet. Like immigrants to this country, they can find their own way of making a living. You have helped them but you haven’t crippled them for life and your own future!

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

Where is FREE tax preparation?

The free AARP tax-aide sites are filling up quickly: aarp.org/money/taxes/aarp_taxaide/. Before spending $200-400 for a paid preparer, try filling in the screens using the IRS partners at irs.gov https://apps.irs.gov/app/freeFile/. The instructions are easy to follow especially if you have last year’s return to compare what forms you need. I have found https://www.freetaxusa.com very easy to negotiate and respond to email questions. This one charges only $15 for your state return: Fed is free. It is still $15 when as complicated like mine. Basically, you must pay tax on all your taxable income—wages, pensions, etc. This year you have less to deduct because the standard deduction was doubled. Beware some software glitches. However, you lost the personal exemption of $4,050 for yourself, your spouse and each of your dependents. For each child under age 17 you receive $2,000. In high property tax states—NY, NJ, CA, CT, etc you will probably owe this year. The deduction cap is now $10,000 and the average homeowners in these states pay about $20,000 property tax. The law was written by a Rep from a Red state.

Try software at irs.gov https://apps.irs.gov/app/freeFile/ before you go to paid preparers.

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

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

“The campaign -- for him -- was always a marketing opportunity.”

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

Will voters who need ObamaCare vote for it?

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

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

ICE keeps young workers in jail for 6 weeks despite real job. Not indigent; paying taxes!

We spend $57 billions on intel Don doesn’t want: yet gov can’t stop robos to our phones

Pentagon starts building The Don’s Wall despite Congress: Don’s Dictatorship begins.

Climate change ruins drinking water wells in heartland. 280,000 WI wells poisoned.

GOP Rep Lee says solve climate change with more babies. Rep from Utah’s Mormons?

Trump budget cuts $800 billion from Medicare. Poor’s health covered by each state alone

SCAMS/SPINS:

GOP won’t release Mueller since facts scare them but our hacker enemies have it already

WH’s Sanders claims Mueller, a GOP and Dems tried to “overthrow” the government. Really

GOP stays in power by changing NC voting districts to 11 GOP vs 2 Dems. ‘I decide’

Boeing lobbyists took over FAA safety responsibilities: Congress complied 2018!

Robo call scammers avoid paying fines and going to jail: Trump & Congress do nothing!

Vatican squashing women defenders of abused nuns: Women Church World silenced.

‘Roundup’ causes lymphoma but Bayer keeps selling it at stores. Reserves high for suits.

Emergency room staffed by non-hospital staff so out of network: Medical bankruptcy?

Trump to end ObamaCare protection for 20 million patients with pre-existing conditions

Trump: ObamaCare “too expensive” (Trump & Congress use it) We get cheap coverage!

Trump just made it easier for employers to dump retirees’ pensions: Senior Scam

Trump Hannity discuss pardons all around for “this whole scam.” 

Trump in his glory: President comfortable with ‘explicatives’ at ‘lock them up’ rally.

Trump’s FDA hides medical device failures: Surgery staplers allowed to injure US!

BEWARE: Social Security numbers don’t get suspended as claimed in scam.

Duke U caught faking lung function research data to get grant: fine no jail

Brendan Ross, Direct Lending Investments, CA caught $11 million fee over-charges

Fidelity sued by 401k employees for extra fee as kickback to plan record keeper.

Richard Diver caught stealing $6 million overcharging clients to inflate his pay.

Successful fund managers last only 3 years: stars shine then fade fast—index win 10 yr

IRS scams: irs-top-12-tax-scams-to-avoid-2019

College entry scandal leader Singer paid almost 800 bribes to coaches.

If you lie on your loan application, you could go to jail but Don did it all the time: No Jail

Mob Boss gives in to N. Korea: lifts sanctions for NOT scrapping missiles: “I like Un”

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

Mueller ignores Mob Boss family Russia deals: OK to conspire with enemy.

1. “Russia, find Hill’s emails” 2. Don’s Mob made Russian deals 3. Russia intel tricked voters 4. Secret meetings 5. Special Russia deals 6. Fire FBI 7. Refuse give testimony

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:

Supremes Kava & Gorsuch take summer overseas jobs since $255,000 is not enough!

Wall Street going through layoffs again in 2019. Cycle allows paying less for new grads.

Who owns your account now?

750 parents are involved in buying kids a spot in college: Money trumps merit again!

Investors lost 9.42% in 2018 compared with a 4.38% by the S&P 500: Double loss!

Inherited IRA: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

Sears' 90,000 retirees lost their company-paid life insurance: pensions next?

Miracle:

ObamaCare saved US $2.3 TRILLION in projected costs: 20 million new insured

Notre Dame giving $1 million: why male priests abuse kids & nuns. Everyone knows!!

“Suffer the little children” America is locking up all the wrong people.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert