Go to the games and avoid taxes

Another way wealthy avoid fair tax share: go to the games

The wealthy are watching their favorite sports team as owners. They avoid paying their fair share of taxes. With a $1 million paper loss at a sports team, they might shield from taxes a real $1 million in profit from their regular business. They could own many rental properties and a car dealer. After they have spent years writing off their real profits with paper losses, they can sell their interest and use the profits to buy another paper “loser.” Since they are not an employee, they avoid the payroll taxes that the average citizen must pay up to 33% of income. They live on capital gains and loans from their portfolios and end up paying under 18% like Buffett, Romney and Kerry. You may even avoid taxes altogether like Trump did in 1978-79 due to depreciation on properties.

Pay your fair share: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236

GOP voted our taxes for Trump convention riot gear and Flint water disaster

We pay $50 million for riot gear so GOP can have a Trump convention in Cleveland. Our tax dollars will pay $300 Billion to fix GOP mistakes in Flint. GOP will NOT pay to protect all of us from Zika infestation and vaccine. Ryan had said he wanted to get ahead of the crisis but changed GOP priorities. GOP wants no regulations yet tax payers have to clean up the mess they make. Inciting hate and lead in water are manmade crises.

KY and KS will close schools and highways before reinstate tax on wealthy. NJ and KS will default on employee pension obligations before reinstate wealth tax. Wealthy avoid paying their share of society costs so they have more in the future.

Make sure you have enough in the future: http://www.amazon.com/Are-you-ready-retirement-worst/dp/1491002662

GOP votes to end Fiduciary Rule in first month

The House has taken the first step to eliminating Obama’s mandate that retirement plan advisors always put their clients’ financial interests above their own. They have also prepared to file documents in support of industry lawsuits in the federal courts. This move comes as the industry has already watered down the original Rules and delayed full implementation. Currently, advisors can provide products/advice that meet a lower standard (suitability) and may be very costly to clients. The industry does not want to give up the lucrative “transfer of 401k assets” business to the not-for-profits like TIAA, USAA and Vanguard.

Use the most cost effective alternative for your money: http://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Are hedge funds right for you … even for your pension?

NY just told its hedge fund managers to sell their country homes and jets. NY joined CA pension funds in dropping these expensive Wall Street tricks after some lost 18% in two years. Any long-term investment must rely on real dividends and gains not on complicated hedging strategies that gain from gambling on quick return tricks. The fact that a hedge manager may make a brilliant move one year or two does not predict future brilliance. Rather it shows that luck may be the real source of outsize returns. Long-term returns are created by buying and holding solid companies at the right price. Warren Buffett has earned 19.7% on average since 1965 by doing just that.

Since you can’t know the future, use unbiased advice: http://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045

Are Vanguard mutual funds right for you?

Vanguard took in more deposits than all others COMBINED in March. Is Vanguard, which is owned by its depositors, right for you? Like most shoppers, Vanguard knows that costs matter. Forbes proved it. If I pay TEN times the cost of investments for nearly the same result, I am going to lose eventually. For instance, my broker manages all my money in one account. The actual investment vehicle also has its own charges. My total charges are 2% per year. I don’t mind when the return is 20%. However, when I earn only 6%, the 2% cost really hurts. That 2% over my whole life of investing can lower my total by 63%. That means I give up HALF my retirement money to my broker!

The Vanguard Top Ten earned 11.5% NET to us over time: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

60 Minutes reveals life insurers may keep your benefits—cash it in now?

April 17 program shows how they may legally pay your money to themselves and drain your life policy of cash value. Regulators have not been able to close or change some insurers because loopholes in law. Even when insurers know beneficiaries are due the benefits, they keep the money. Kemper says your money belongs to them legally. You may have a benefit waiting and you won’t be notified. Insurers don’t have to tell you and so will keep your benefits. If you wish to leave a legacy, life insurance may NOT be the best way to do that. You can leave money to our family a safer way. When you leave securities in an account, they inherit tax FREE just like life insurance.

http://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178

GOP Religionists make TN next “genitals” inspection state and RCC immune

TN GOP delays a bill that would require students in public school grades K-12 and higher education institutions to use the restroom that corresponds with their sex at birth. GOP said corporate threats and competing protestors had nothing to do with the delay action. GOP will push schools to carry out monitor programs on their own. One gay student said the legislation would “legalize bullying” and “stigmatize and humiliate” transgender students.

UT GOP says some pictures they don’t like are “a public health hazard.”  

Meanwhile, GOP states have blocked sex abuse victims from suing priests and the bishops that hid crimes. Not a single bishop has been called to account by the tribunal, which itself remains more notional than real. Despite Francis pledging accountability, nothing has happened.

Religionists have protected their powerful supporters and are growing the 2^nd largest religious group—the nones.

Does our President need to be smart and truthful? Do they even care about truth?

            (a summary of the GOP Presidential debates) (history: GOP has the final candidate by Feb 17)

Don: New advisors to GOP “Trump just playing a “part”: new mask vs Hill

            The election rules must be wrong since I don’t understand them.

            McCain, Romney and many GOP elites will skip convention.

            Drug lords skip Don’s wall and go under it

            My advisors are the best influencers in the business. Thank god for lobbyists.

Ted: Ted tells Navy Admiral climate chief why his chart is wrong and Navy disagrees.

            It’s a "significant sacrifice" for me to run for Prez (the pain will be over soon)

            “I am a Christian—NOT American—first.” False profit or theocracy?

Paul Ryan: I emailed you to ask what you think [and keep me in mind for the future]

John: You can avoid rape by not going to parties (alcohol is at every party). Stay home!

            I promise GOP will be defeated if Cruz or Trump stand for Prez.

Hill: I don’t have to ask Bern to drop out—he has no chance now since Indies can’t vote.

50 people pay for HALF the election money spent—we don’t know if they are Americans

Teas everywhere! London mayor cut Obama for his father’s anti-colonialism of GB.

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!

.FL bans medical bills from surprise non network docs/procedures added later.

.Pentagon lied to Congress on sexual abuse cases. Prosecutions stall.

.Schools are buying assault rifles despite chance of missing single shooter.

.Dmitry Fomichev, Davit Gasparyan, T3Leads, caught making bad deals with lenders.

.Wall Street execs forced to give back bonus when their schemes go bad later on. 

. Steven Cohen opens hedge fund after guilty of failure to supervise insider trader.

.VW agrees to buy back tricked-out diesels. Suits abound in future.

.2 year old shoots self with mom’s gun: but “guns don’t kill, people do”

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

How our government wastes our money

FBI wasted over $1.4 million for hacker to open Farook’s phone—hacker says nothing!

1/3 of Army and Air facilities are eating up tax dollars not to mention bad defenses. Our             “reps” get election dollars to keep wasting taxes despite Pentagon’s plan to save.

We prop up regimes of hundreds (184) of countries.  Our total spending.

SCAMS

Secure devices don’t exist: In this 60 Minutes story, hackers are able to exploit SS7             system to get into your phone, listen in, and use your camera to watch your acts.  

All cloud data can be tapped without your knowledge—no legal review needed.

Trucker pension contract promises may be voided by Congress and Obama

Who owns your account now?

J.D. Power, the rating firm, to XIO Group, Chinese investors.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Financial Death Insurance

Financial Death Insurance: Avoid death by a thousand cuts in pay 

#Debt is a knife that is killing us slowly. 

#Indenture to our bank kills the pleasures of life. 

#Break the chains and gain financial freedom.

     Let's admit it. Most of us are spendaholics. 70% of us live paycheck to paycheck. Most of us will NEVER pay off our loans. We will die by a thousand cuts to our paychecks.

How can we get free of the Master or the VISA?

      Freedom from our chains of lifelong payments requires immediate action: cutting credit cards and amputation of some of our costly toys and habits. Going cold turkey is the only way to save your life in rehab. 

      When you have financial freedom, you can buy new toys using the profits from your investments. You can be building wealth in 24 months.

Right now, you are making other people wealthy from your monthly payments. Stop it! 

http://www.amazon.com/Financial-Death-Insurance-Avoid-thousand/dp/1492803138

Need medical cover? https://www.healthcare.gov/

October 1, start your new year without fear of medical destruction. January 1 you can live knowing your family is covered for a catastrophic illness or accident. Your coverage is not capped, it can’t be cut if you get sick, you get free screenings, you don’t have to sit the emergency to get a flu shot and more. Here is the benefit list: http://www.hhs.gov/healthcare/facts/timeline/index.html

Your current employer insurance plan may NOT have the same benefits.

Plans existing before the new law in 2010 were grandfathered and don’t have to have ObamaCare benefits:http://obamacarefacts.com/grandfathered-plans.php

Estimate your least plan cost with subsidy: http://kff.org/interactive/subsidy-calculator/

ObamaCare myths: 

http://www.politifact.com/truth-o-meter/article/2013/sep/24/top-16-myths-about-health-care-law/

Best existing medical insurance plans CR reviews in your state: http://www.consumerreports.org/healthinsurance

Insurers are prepared for new business and competition—GOP wrong again

Based on the belief that most insurers were well-positioned and preparing for the expected impact of health care reform, A.M. Best Co. maintained its stable outlook for the majority of the health industry in January 2013. It appears that all the fuss over ObamaCare is just political BS. America’s insurers and drug firms are ready to serve more customers! GOP used to be in favor of everyone paying for healthcare: http://www.youtube.com/watch?v=rcSjLvWLcxE

MA has ObamaCare already thanks to GOP—what was learned?

Today, 97 percent of the state's 6.6 million people have it — the highest coverage rate of anywhere in America.http://www.npr.org/blogs/health/2013/10/01/227887992/lessons-for-the-obamacare-rollout-courtesy-of-massachusetts

Living without a mortgage?

A novel way to beat the high cost of living—tiny home, on wheels—not a double wide. Small but cozy—cuts down on clutter. Built it yourself $24,000 or buy for $57,000: http://www.tumbleweedhouses.com/

Should you make a homeowner’s claim?

In some states, making a single homeowner's insurance claim raises the annual premium cost over 20%, according to a newhttp://www.insurancequotes.com/home/home-insurance-claim report. The state with the highest increase is Minnesota (+21.2%), followed by Connecticut (+20.6%) and Maryland (+19.3%). Buy only what you need: http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870/

Will debt reduce your sunny retirement years?

A much higher proportion of homeowners over 65 are carrying mortgage debt compared with past generations. The Consumer Financial Protection Bureau estimates that 30 percent of all homeowners 70 and older have mortgages to pay off. In 2001, just 8 percent of owners 75 or older carried mortgage debt, according to the Federal Reserve’s Survey of Consumer Finances, published in 2010. Working longer may be the answer if employment is still possible. About 7.2 million Americans 65 and older were employed last year, a 67 percent increase from a decade ago, according to government data. The median 401(k) balance for households headed by people aged 55 to 64 who had retirement accounts at work was $120,000 in 2011, according to the Center for Retirement Research at BostonCollege.  http://www.businessweek.com/articles/2013-09-26/former-executive-tom-palome-spends-his-retirement-flipping-burgers#r=nav-fs

Insurers misuse your credit?

State Farm has sent notices to nearly 700 customers whose accounts were handled by an after-hours call center employee who allegedly "misused" credit card information of at least 11 customers.

Is life insurance the best way to help your grandchild?

Many grandparents buy small $10,000 policies for their loved ones in the belief that this is the best gift for them. Consider what really happens. Most child policies are dropped. The hundreds of dollars spent are defaulted to the insurer FREE. Better to start a savings program for the child. Your gift to their Roth IRA can be worth $2.1 million by age 65. That is the miracle of compounding. And the child does not have to die to collect! http://www.amazon.com/Give-your-Grandchild-000-Lifetime/dp/1456433105

Have you been to Chicago lately?

Stay off the streets. Chicago now has highest murder rate. More than in Capone days, more than the Wild West days. They even shoot kids now! 

We need Wyatt Earp to ban guns in town like they did back then: 

After a decision by the Supreme Court affirming the right of individuals to own guns, then-Chicago Mayor Richard Daley sarcastically said, "Then why don't we do away with the court system and go back to the Old West, you have a gun and I have a gun and we'll settle it in the streets?" This is a common refrain heard in the gun debate. Gun control advocates fear -- and gun rights proponents sometimes hope -- the Second Amendment will transform our cities into modern-day versions of Dodge.

Yet this is all based on a widely shared misunderstanding of the Wild West. Frontier towns -- places like Tombstone, Deadwood, and Dodge -- actually had the most restrictive gun control laws in the nation.

In fact, many of those same cities have far less burdensome gun control today than they did back in the 1800s.http://www.huffingtonpost.com/adam-winkler/did-the-wild-west-have-mo_b_956035.html

Towns banned guns for one reason back in the 1800s—guns kill people! People can't always control their emotions. 

Did you inherit an annuity?

IRS ruled that you can transfer the annuity you inherit to another insurer so you can receive more. Rather than being bound by the terms of the decedent’s contract, beneficiaries may be able to exchange inherited contracts for newer, higher paying contracts, according to PLR 201330016. Such an annuity might have lower costs, come from a stronger company, offer better investment options, or have desirable features. A PLR only applies to the taxpayer who made the request, but it also shows how the IRS regards a certain issue. Thus, an exchange for a higher-paying annuity may be a realistic option for beneficiaries. See your optionshttp://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

Only poor people are hurt by GOP shutdown

Government employees but not Congress or aides, Women Infant Children, Veterans, Small Business loans, tourism and business that serve them, Head Start, SS disability hearings, cancer cure program testing, food safety, flu shots, etc. Congress and their staffs will get paid. Military and weapons makers will get paid. Anyone they decide is 'essential' is paid but the rest of workers are NOT essential.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/01/the-nine-most-painful-consequences-of-a-government-shutdown/

Millions of Poor Are Left Uncovered by Health Law—Two Americas?

If you and your neighbors elected a GOP government recently, you will likely NOT have health care available. Those that need it the most are denied the opportunity to buy coverage. America is NOT the land of opportunity GOP pretends. Only the rich can afford coverage in the 26 states ruled by GOP—60% of American working poor.

“How can somebody in poverty not be eligible for subsidies?” an unemployed health care worker in Virginia asked through tears. Before she lost her job and her house and had to move in with her brother in Virginia, she lived in Maryland, a state that is expanding Medicaid. “Would I go back there?” she asked. “It might involve me living in my car. I don’t know. I might consider it.” Will the poor have to move to get covered?

Two Americas: Banana Republic or Civil War?

SCAMS           “Deficits don’t matter” Republican godfather, Dick Cheney, 2002

Educated are more susceptible to scams than others

Recent survey found that more than 80 percent of respondents were approached with potentially fraudulent offers and that 40 percent of all respondents were unable to spot “classic red flags of fraud” — implicit warnings that they were in danger of being fleeced. The survey showed that the highest earners — those with household incomes of $100,000 or more — found the pitch more appealing than those with lower incomes. And those with more education were generally more credulous, too. The greater their education, the more likely they were to invest in potentially fraudulent schemes. They are overconfident and had the money. Scammers on work for people with money. http://www.nytimes.com/2013/09/29/your-money/the-bridges-are-new-but-business-scams-are-timeless.html?pagewanted=all

Tracking of Americans through friends’ network allowed

Government can now keep tabs on all your friends and networks without court order. You don’t even need to be in touch with foreigners. OKed by Supremes too:

http://www.nytimes.com/2013/09/29/us/nsa-examines-social-networks-of-us-citizens.html?pagewanted=all&_r=0

Allstate reneges on promises

Allstate retiree Garnet Turner is suing the insurer to protect the life insurance benefit he claims he was promised. 

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Avoid the tax increases

You can join the tax-advantaged investors
A recent IRS study found that one in every 189 taxpayers earning $200,000 or more in adjusted gross income paid no income tax in 2009, the most recent year for which complete data is available. That's more than 10,000 wealthy households paying no taxes anywhere in the world, and more than 35,000 paying no U.S. income tax. Now anyone earning less than $125,000 single and $183,000 can also pay no income tax on their investment income using a FREE legal trust account: Tax-Advantaged Wealth

 Tax-Advantaged Wealth: 10 Mutual Funds for a Tax-FREE Life,
+Grow your wealth with NO taxes or commissions.
+Use 10 mutual funds that have earned over 10%.
+Use a special tax haven for your earnings and gains.
by Law Steeple, MBA, $12.95 http://www.amazon.com/Tax-Advantaged-Wealth-mutual-funds-Tax-FREE/dp/1481215906/

Bankers told to stop holding up victim's money for Sandy repair/expenses
Eleven major banks have agreed to speed up their endorsements of borrowers' initial insurance checks, typically worth $5,000 to $20,000. The lenders will also remove some new hurdles created for Sandy victims intended to protect the lenders' collateral in heavily damaged properties. Some banks had been requiring their customers to provide contractors' estimates and other receipts and records to show the advance insurance checks would go to repairing the assets covered by the mortgage, which are the borrowers' collateral for the mortgages, superintendent Lawsky said. Those requirements will end under the deal as part of Gov. Andrew Cuomo's effort to speed private and public sector recovery by cutting bureaucracy.
Lawsky said the lenders will also immediately release insurance checks intended to make a home habitable and to pay expenses for living elsewhere.
Bankers were holding funds since November 1, the initial insurance checks used for immediate living expenses! Banks have no SHAME, even after we bailed them out!

Our taxes pay millionaires for being unemployment—why should we pay for this nonsense?
Congressional Research Service reported that 2,362 households with an annual income of $1 million or more received unemployment assistance in 2009, causing some lawmakers to erupt in outrage. Sen. Tom Coburn, R-Okla., wrote to Bloomberg: "Sending millionaires unemployment checks is a case study in out-of-control spending. Providing welfare to the wealthy undermines the program for those who need it most while burdening future generations with senseless debt."
And Washington wants to cut our Social Security and Medicare! What the …

Global corps like Google, Amazon, Microsoft, Starbucks shift taxes to us
Google avoided about $2 billion in income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show. By legally funneling profits from overseas subsidiaries into Bermuda, which doesn’t have a corporate income tax, Google cut its overall tax rate almost in half. The amount moved to Bermuda is equivalent to about 80 percent of Google’s total pretax profit in 2011.
Our "representatives" gave them these gimmicks and now Washington wants to cut our Social Security and Medicare! What the …

Hostess steals pension money as it goes bankrupt
Hostess said it used wages that were supposed to help fund employee pensions for the company's operations as it sank toward bankruptcy. After the company said in August 2011 that it would stop making pension contributions, the foregone wages weren't put toward the pension. Nor were they restored. It filed for bankruptcy protection in January and shut down last month following a strike by one of the unions representing Hostess workers. Make your own tax-FREE pension they can’t steal: http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976/

Mad Money prologue makes sense
Entrepreneurs don’t start business or hire people because tax rates are high or higher. They start when they think they can make money. Where was the GOP when Bush cut taxes twice and carried on two illegal wars? Aren’t there weapon programs that can be cut …  foreign aid that can be cut? There should be no Congress vacation without an agreement.
http://video.cnbc.com/gallery/?play=1&video=3000134605

Medication errors impact over 1 million patients
A new study, published online today by the peer-reviewed journal American Health & Drug Benefits, reveals the significant national burden that harmful medication errors, also called preventable adverse drug events (ADEs), associated with injectable medications have on hospitals, patients, and our healthcare system. Results show that preventable ADEs associated with injectable medications cost an average of $600,000 per hospital annually and impact more than 1 million patient hospitalizations each year.
We have to ask the technician before any injection on our families!

Almost Half of investors not happy with their advisor--charging 2-3% for what?
Only 57 percent of investors surveyed say their financial advisors proved their worth by navigating recent market conditions, according to Fidelity Investments’ study Proving Your Worth: Uncovering the Traits of the Valued Advisor”. Investors who said they valued their advisors cited three key criteria: focus on long-term, use comprehensive plans, use technology to stay informed.
You don’t have to be a genius to do it yourself:   http://www.amazon.com/Do-Yourself-Personal-Finance-commissions/dp/1480156493/

GOP against insuring bank accounts—Where to put our money?
The federal program providing insurance to noninterest-bearing bank accounts might be eliminated after Republicans opposed a measure to extend it for another two years.


SCAMS           “Only the little people pay taxes.” Leona Helmsley

Insurer caught overcharging again--$1.6 million to North Carolina homeowners
$1.6 million will be refunded to North Carolina consumers as part of the corrective action plan against American Modern Home Insurance and its affiliate American Family Home Insurance. Regulators found overcharging and misleading operations.

Aetna caught underpaying claims
Health insurer Aetna will pay up to $120 million to settle physician and consumer lawsuits charging that it underpaid for out-of-network services for years using a biased pricing database owned by another major insurer.    

Hartford caught shorting auto claims
Hartford Financial has agreed to pay more than $81,000 in restitution to Vermont customers whose auto insurance claims were improperly evaluated. Hartford had inaccurately calculated the value of ‘total’ vehicles losses.

Brokers sell real estate trusts illegally—ignore client protections
Massachusetts charged LPL brokerage with dishonest business practices in its selling of a popular nonlisted REIT. “LPL’s supervision employees had only a cursory understanding of specific state requirements, including Massachusetts concentration requirements,” according to the complaint. Many nontraded REIT prospectuses contain a 10% concentration limitation, designed to cap an individual investor’s purchase to 10% of his or her liquid net worth, the complaint stated.

We just can’t afford the $800 Billion a year pentagon system—A $Billion waste!
For the United States Air Force, installing a new software system has certainly proved to be a wicked problem. Last month, it canceled a six-year-old modernization effort that had eaten up more than $1 billion. When the Air Force realized that it would cost another $1 billion just to achieve one-quarter of the capabilities originally planned — and that even then the system would not be fully ready before 2020 — it decided to decamp.
http://www.nytimes.com/2012/12/09/technology/air-force-stumbles-over-software-modernization-project.html
No one is arrested or sent to jail for this fraud!

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

Gift of Lifetime for grandchild

A Gift of a Lifetime: Give your Grandchild a gift that provides tax-FREE income

Your grandchild could have a Wealth Reserve^TM  providing tax-FREE income. 
Your monthly gift could provide your grandchild with real "social security:" their own tax-FREE money. You take advantage of the miracle of compounding. Your gift of $100 a month for 10 years becomes a tax-FREE $1,000,000 Wealth Reserve^TM  over time. You could reduce your taxable estate for each grandchild too. 
Your grandchild will NEVER have to pay taxes on the money either. Social Security will exhaust its funds in about 2033, so start today with $100 a month.

http://www.amazon.com/Give-your-Grandchild-000-Lifetime/dp/1456433105

Cuban revolution is over! Taxes begin 

Most Cubans have not paid taxes for half a century, but that will change under a new code starting January 1. The landmark regulations will change the relations of Cubans with their government and are a signal that market-oriented reforms, launched since President Raul Castro succeeded his brother, Fidel Castro, in 2008, are here to stay. The recently published code constitutes the first comprehensive taxation in Cuba since the 1959 revolution abolished just about all taxes. We have an alternative--create a retirement that is income tax-FREE: http://www.barnesandnoble.com/w/tax-free-retirement-law-steeple/1113460121

Study shows that financial analysts know less than you do about financial future

Value investor and author James Montier found that:

In the US, the average 24-month forecast error for individual stocks is 93%, and the average 12-month forecast error is 47% over the period 2001-2006. The data for Europe are no less disconcerting. The average 24-month forecast error is 95%, and the average 12-month forecast error is 43%. To put it mildly, analysts don’t have a clue about future earnings. You are better off using low-cost index funds than paying advisors that know less than you do about value—and you save 40% long term: http://www.amazon.com/Do-Yourself-Personal-Finance-commissions/dp/1480156493

Is it time to take charge of your future?

Your Retirement Mutual Funds: 10 mutual funds to make sure your retirement income last as long as you!

Your investment plan assures you of income AND growth.

Your spending plan assures you of income for life.

Your Wealth Reserve^TM  provides TAX-FREE income for life.

Your tax-advantaged mutual funds grow at 10-12% per year.

Start today! Every year you delay costs you $100,000 later

Ten diversified mutual funds assure us of retirement income AND inflation-busting growth we can't outlive.

http://www.amazon.com/Your-Retirement-Mutual-Funds-retirement/dp/1481114026

Insurers caught overcharging … again!

Massachusetts motorcycle owners will receive more than $2.8 million in insurance refunds as a result of settlements with two insurance companies that allegedly overcharged thousands of policyholders. Shopping for new coverage is the only way to tell you are overcharged $400-$500:http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Are you liable if your holiday party guest has accident?

According to some experts, you could be sued for having alcohol at your holiday party. Even if it is not your alcohol that causes an accident, as host, you may be liable for making it available, offering it in your home anytime before the guests leave, or even when others bring it and consume it without your knowledge. Options: no alcohol, serving ends 1 hour before anyone leaves, arrange for alternative transport, move party to restaurant or someone else’s home. The same can be true of food poisoning. Consider lawsuit insurance: http://www.amazon.com/Lawsuit-Insurance-need-right-policy/dp/1480061123

NJ Christie vetoes health care exchanges

N.J. Gov. Christie Vetoes State-Run Health Exchange Bill. He blames Obama for not being more specific.

SCAMS           “Only the little people pay taxes.” Leona Helmsley

Our tax subsidy to college football?

College football programs require you to make a donation in order to buy some tickets. Then ticket purchasers can write off 80 percent of the value of the mandatory donations against their taxes, which costs the federal treasury $100 million a year. http://www.nonprofitquarterly.org/policysocial-context/21269-is-tax-incentive-for-college-football-season-ticket-holders-fair.html

Is this the Afgan freedom we are helping restore?

A 14-year-old Afghan girl was beheaded by two men, one of whom apparently asked her to marry him. She turned him down. 

How insurers rig the property claim process against you!
Read this report so you understand how insurance companies try to cheat you:http://www.consumerfed.org/pdfs/Studies.ComputerClaims06-04-12.pdf

Who owns your account now?

Zecco Securities to TradeKing

Woodbury Financial Services to American International Group

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Life Insurance: Save $17,970 if you need it now

Life Insurance: Do You Need It? Save $17,970 with the right one! 

By Dan Keppel, MBA

Why do you need life insurance now?

Are you protecting your family and assets well?

Are you paying more than you need to pay?

In the 21^st century, you can purchase all your financial needs at a substantial discount, some to 300%. I will show you how to buy value—quality at the right price. Avoid commissions and fees. Build your own wealth not that of your insurer.

You may be paying more premium than you need to—prices vary by over 300%. You may be paying for things in your policy you don't even want. You are probably using companies that are in business to serve their agents and their stockholders more than to serve you. The same policy can cost $983 or $384. Just $19.95 at Amazon:  http://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178/

Middle class is withering away—47% don’t pay tax and 67% corporations don’t pay tax

Since 2009, wealthy Americans’ incomes have continued to pull away from the rest of society. That shift represented the equivalent of $884 billion moving from the middle class to the most affluent. In the aftermath of the recession, income inequality in the U.S.reached a new high in 2011, Census Bureau data show. The public rejects explicit calls to share or redistribute wealth even while supporting policies that do so, including raising taxes on the wealthy or maintaining programs such as Social Security. The top 1 percent of families garnered 93 percent of the income gains in 2009 and 2010, according to an analysis of Internal Revenue Service data by Emmanuel Saez of the University ofCalifornia, Berkeley. http://www.businessweek.com/news/2012-09-28/wealthy-americans-gain-even-as-republicans-decry-redistribution

Is your mutual fund right for you?

With expenses of 4.16%, Midas Magic fund has lost money while the fund owners have done well. While many funds are reducing their costs due to the competition from Vanguard and others, some fund owners/managers want more. They offer incentives to sellers no matter how badly the funds perform. If your funds are lucky enough to earn 11%, the market averages, you would receive less than 7% with the same risk. This does not include any broker fees and commissions. So now you are really in the hole.

And really, what are the odds your fund will beat the averages?

There were only 40 days from 1950 to 2007 that produced 70% of all the S&P 500 index’s total returns. That is 40 out of 14,528. You will lose money if you trade mutual funds in the hope of finding the right one, according to John Bogle, Don’t Count on It, p 169. Count on the averages to make you a Patient Millionaire: https://www.createspace.com/4000350

10 cars that cost you more in an accident

The IIHS Status Report, published on Sept. 20, contains a table of personal injury protection (PIP) claims for cars manufactured between 2009 and 2011. It also ranks the 10 most dangerous cars on the road by PIP claims. Check yours.  http://www.cnbc.com/id/49169227/10_Bad_Luck_Cars

Vehicle Insurance:  Beware: Double Coverage 

by Dan Keppel

Save $22,000 with the right policy.

Your policy duplicates at least three coverages.
The same 2-car policy can cost $1,400 or $3,600.
Create a Wealth Reserve^TM to self-insure small risks.
Accumulate $100,000 in 15 years to protect your future. 

http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/

Feds accuse some annuity sellers of cramming inappropriate products on vets

According to the GAO report, some planners were placing senior veterans in products that may not be age-appropriate because the veteran may lose access to funds needed for future expenses. For example, the GAO reports that some organizations may sell deferred annuities to an applicant that would make their funds unavailable to them during their expected lifetime without facing high withdrawal fees. The premium investment is not received for several years and withdrawing funds from it early can be very costly. This kind of annuity would probably not be desirable for an older veteran. Vets should not buy an annuity before considering the alternatives. Annuity sellers are not unbiased about alternatives even though accredited by the VA. See commission-less alternatives first:http://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573/

CA law controls long-term care insurance premium increases

AB 999 will help protect consumers from excessive premium rate hikes in long-term care insurance by modifying the rate development process. CA will ask insurers to prove a rate request. The buyers of LTCi still need to consider price changes BEFORE they buy since more than half of all policies are dropped before benefits are paid:http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X

Which President is best for stock market growth?

Reagan? Bush? No, not a republican.

Fortune shares the facts:

http://finance.fortune.cnn.com/2012/09/19/obama-romney-stocks/

Romney plan will hit middle class with loss of mortgage interest/property tax deductions

Romney plan to cut taxes is designed to spur economic growth, though a Congressional Research Service study concluded that previous rate-cutting had “little association” with saving, investment or productivity, although it did exacerbate the rich-poor gap.Corporations already have more cash on hand to build new plants than ever before. They are building the plants overseas or storing the cash overseas where there is no tax. They don’t need a tax break. Romney’s 1% don’t need a tax break—they are “investing” in tax avoidance schemes, not new industry for new jobs. See how Romney did it below.

FREE online home inventory makes ‘proof of loss’ a click away

The Insurance Information Institute's free online home inventory software. This application makes creating and updating your home inventory easy and efficient. And with the free, secure online storage you will have access to your inventory anywhere, any time. You never know when a disaster may strike, but you can be prepared with an up-to-date home inventory. https://www.knowyourstuff.org/iii/login.html

Vanguard will lower costs again

Through the first nine months of the year, Vanguard, thanks largely to its focus on low costs, attracted nearly $1 of every $3 invested. Vanguard is changing the benchmarks for some funds and ETF in order to use lower-priced index benchmarks.

CA offers to run pensions for small employers

First state-run pension program for nongovernment workers targets firms that don't offer 401(k)s. This will be done at lower cost than most businesses can afford. The law requires companies to contribute 3 percent of a worker's salary to a retirement account. Workers will be enrolled in the program unless they choose to opt out. Employers with 5 or more employees will be offered the funds run by the California Public Employees' Retirement System, the biggest U.S. pension with the lowest costs. Cost is the best predictor of investing success according to rating firm Morningstar: http://www.amazon.com/New-American-Retirement-System-Tax-FREE/dp/1461030072/

Employers must provide a summary of benefits and coverage on our health plans

SBC must contain specified information regarding the plan's coverage, including: cost-sharing (deductibles, coinsurance, copayments and the like) for each category of benefits; exceptions, reductions and limitations of the coverage; renewability and continuation of coverage provisions; and coverage examples explaining how benefits will be provided under the plan for specific health conditions. The SBC must also contain certain other statements and contact information. Most employers have not complied. See details:http://www.lexology.com/library/detail.aspx?g=908d77ad-2e5f-4b3c-b89e-a2c97fe99b8e

GOP voter registration scandal repeats 2004 problem firm

Republicans are playing defense over voter-registration fraud. Some organized Republican voter-registration drives have virtually ground to a halt as Republicans fired Nathan Sproul’s firm, Strategic Allied Consulting, in seven battleground states. SAC is now under investigation for voter-registration fraud by Florida in as many as 10 counties involving at least 220 suspect forms. GOP paid $13 per name for new GOP-only registrations. It’s such a mess that the Republican Party of Florida has filed an elections complaint against the Strategic Allied Consulting, which then turned around and bashed…. The Republican Party of Florida. Another company of Sproul’s, in 2004, was accused in Nevada, Arizonaand Oregon of elections irregularities, including allegations that employees destroyed the newly collected registration forms of Democratic voters to keep them off the rolls.  InColorado, a hidden video captured one Strategic employee trying to register only Republicans. This is illegal.

RomneyCare would leave 72 million without health care—Two Americas: Red/Blue

A new study released by the private foundation, The Commonwealth Fund, has revealed that 72 million Americans would be uninsured by 2022 if Republican presidential nominee Mitt Romney wins the election and has his health care plan enacted. The study also found that Romney's plan would cost Americans more money. People who choose to buy health insurance on their own would pay 14 percent of their income, compared to only 9 percent under the ACA, The Commonwealth Fund stated. The Congressional Budget Office and the Joint Committee on Taxation added that repealing the ACA would cost a federal budget deficit of $109 billion between 2013 and 2022. The study estimates that 30% to 37% of TX residents would be uninsured compared to 3%-10% in MA.

SCAMS           “Only the little people pay taxes.” Leona Helmsley

Romney avoided tax on $100 million and gave it to kids without gift tax

He avoided gift and estate taxes by using a type of generation-skipping trust known as an “intentionally defective grantor trust” IDGT which permits wealthy people to establish dynasties. The whole reason for the estate tax was to outlaw perpetual wealth.

If Romney had given the cash, like most people, he could have owed a gift tax at a rate as high as 55 percent. The trust's value isn't counted in the $250 million that his campaign cites as Romney's net worth. By dodging the estate and gift tax, they are able to build dynastic wealth. The Obama administration estimates that closing the loophole Romney used would bring the federal government $ billions in the coming decade. One observer said that a single billionaire could pay $500 million more in estate taxes if these trusts are shut down by the Obama administration. What deficit? http://www.bloomberg.com/news/2012-09-27/romney-i-dig-it-trust-gives-heirs-triple-benefit.html

Who owns your account now?

The Hartford's individual life insurance business to Prudential Financial.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

1,000 becomes $100,000 tax FREE

Every $1,000 invested becomes $100,000 tax-FREE in retirement

The best long-term investment (retirement) is a low-cost stock mutual fund. Morningstar found that “low fees are the single best indicator of superior performance,” not the manager’s record or anything else. Each $1,000 you invest grows to $100K. 20 contributions invested for the long term provides $2 million tax-FREE. Start your trust NOW: http://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702/

Saving $1,000 every year on auto/home?

Insurers are fighting for market share. 1 hour of shopping can clinch a nice bonus. Find your last ‘dec’ (declaration) page and call 3 “direct writers.” Use our Guide to buy only what you need (avoid the extras and duplicates you already have): http://www.amazon.com/Drop-Your-Insurance-Only-What/dp/1448623391

Allstate recently ranked Pennsylvania fifth among states with the greatest numbers of dog attack claims, up 34% over last year. Dog attacks are one of the top 5 claims in most states.

Is your home just about to have a claim?

These ten tips for filing claims can save you $1000s

http://realestate.findlaw.com/owning-a-home/top-ten-tips-for-filing-fire-insurance-claims.html

Tax credit up to $5,000 for health insurance purchase

Today, the Treasury Department issued final regulations implementing the premium tax credit that will give middle-class Americans unprecedented tax benefits to make the purchase of health insurance affordable. Individuals and families who qualify for assistance (income $22,350 to $89,400 for a family of four in 2011) will receive premium tax credits of over $5,000 per year on average. Older Americans who face higher premiums can receive a larger tax credit. Advance payment of the premium tax credit will be made by the Department of the Treasury directly to the insurance company for those with little cash. The credit is refundable for those with little tax liability. Example: http://www.treasury.gov/press-center/press-releases/Pages/tg1587.aspx

Why are so few people in nursing homes?

If you listen to a sales person offer Long-term Care insurance you might get the impression that almost everyone will need an expensive nursing home at some point in their lives. If this were true, there would be millions of people in nursing homes by now. Actually, out of 40 million American seniors alive today, approximately 1.5 million currently live in nursing homes, about 3.7%. Most people will never spend more than a few months there. Most policies have a 90 waiting period—a deductible—so most people won’t receive any benefits. Two-thirds of those going into nursing homes leave before 90 days are up. Few people end up in nursing homes because most people don’t want to end up there. Family takes care and they usually pass away in a hospital. After all, medical science can keep us alive there. Consider all the alternatives before buying: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X

Retirement isn’t all that is planned

37% of workers say they will retire before age 65, yet more than 80% of current retirees did so before age 66. Half of retirees leave work earlier than planned because of health, layoff or care of elder, according to EBRI. 70-80% of workers say they will work part time in retirement but only 27% of current retirees actually do. This means that life happens!

Be prepared. Creating a Wealth Reserve can keep your lifestyle in shape:

http://www.amazon.com/Forget-Social-Security-Medicare-Lifestyle/dp/1466394285/

Investors move money to low-cost leader

One of every three dollars invested in mutual funds and exchange-traded funds through the first four months of the year went to Vanguard, according to Morningstar Inc. Investors are learning that highly paid advisors taking 1% from smaller gaines can really destroy their earning power. Earning 5% and giving up 20% to someone for bad management makes no sense. Just as Facebook skids down 14% from its opening price, investors are getting tired of the hype. Members feel vindicated with http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137/

Poverty is the future for more Americans—the gulf widens

Growing numbers of older Americans are spending their retirement years in poverty, according to a recent study. Poverty rates for people ages 65 to 74 climbed from 7.9 percent in 2005 to 9.4 percent in 2009, according to the EBRI analysis of University of Michigan health and retirement study data. For older retirees ages 75 to 84, there was an even steeper increase, from 7.6 percent to 10.7 percent over the same time period. But it's the oldest retirees who are the most likely to live in poverty: 14.6 percent did so in 2009.

 One of the biggest drivers of poverty in old age is failing health and the associated medical costs. Many people also spend down their retirement savings too quickly, especially during recessions. There is an incredible amount of geographic diversity in poverty rates, ranging from over 25 percent in Opelousas-Eunice, La., and Gallup, N.M., to less than 2 percent in Pocatello, Idaho, Helena, Mont., and Ames, Iowa. The Urban Institute expects retirement income inequality to increase dramatically over time. Members plan their spending: http://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Americans don’t want insurers to deny payments for emergencies—Dah!

Seventy percent of Americans oppose efforts by insurance companies to deny payment for emergency visits when patients believe they are having medical emergencies, but after examination are diagnosed with non-urgent medical conditions, according to the results of a new poll conducted by Harris Interactive on behalf of the American College of Emergency Physicians (ACEP). In addition, 85 percent of respondents with regular medical providers who sought emergency care said they could not have waited to see their regular providers.

The Supremes will decide about our care next month—5 old guys will decide for us!

WI gun totters overwhelm state licensing and insurers

WI has issued over 100,000 Concealed Carry Licenses so far and is receiving 200-400 license applications each day. Since the new law only gives OK to kill in home, car and office, insurers are not covering legal or civil actions out in the streets. Gun owners claiming self-defense may still have huge legal fees and a homeowners/umbrella will not cover the costs or judgment. Gunfights at the OK coral will require separate cover.

GOP have lost their minds?

Arizona's secretary of state asks to see proof of birth in order to put the president on November's ballot. AZ did not ask for Romney’s cert even though he says he grew up in Mexico. McCain was born in Panama but no one asked for his. If you are born to Americans anywhere, you are a citizen.

Difference: Obama is black and McCain and Romney are white.  http://www.vanityfair.com/online/daily/2012/03/Mitt-Romney-Was-Born-in-Mexico-Say-Birthers-Who-Are-Bad-at-Math

http://abcnews.go.com/blogs/politics/2012/01/how-mitt-romneys-mexican-born-father-was-eligible-to-be-president/

http://articles.latimes.com/2012/mar/22/local/la-me-birthers-bowen-20120322

SCAMS           “Only the little people pay taxes.” Leona Helmsley

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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