What to do with your $1200

Suggestion list: What to do with your $1200 or $2400

Hold on to it for essentials as the future is unknown. If you must have cash to buy an essential down the line, you have it. Doctors, landlords, lenders, utilities can wait—they have reserves and access to federal lending programs we don’t have. Many states are making evictions and shutoffs illegal. If you have been laid off, explore your health care options. Trump says he will pay hospitals for C-19 care but what if you break a leg running your part-time business or fighting to get into the grocery store. Use some of your money to start/expand a hobby. People need something to do at home so offer your hobby/book/toys/etc over Amazon eBay, Craigslist, Facebook Marketplace, etc sales process. You may be allowed a tag sale in your front yard as long as you have 6 feet lines on ground. Better yet use Craig list. I sold an attic house fan that way. Never take anything on the internet for truth without ‘trust but verify’. I go to 3 other sources before I click. My garden center sent me an email offer with link to see details. I emailed them directly and they confirmed it was a scam/phishing from theft of their email list. Explore your situation. Ask your employer for help: vacation pay; forward sick time, student loan, etc. Ask your vendor for a couple of months wait in writing.

Gov resources to help deal with virus recession:

VIDEO: CARES Act Mortgage Forbearance: What You Need to Know

Guide to coronavirus mortgage relief options

What you need to know about student loans and the coronavirus pandemic

Beware of scams related to the coronavirus

Online and mobile banking tips for beginners

How the rich avoid paying taxes anywhere

It is easy—live where you want to but claim your legal residence—citizenship—in a country jurisdiction that does not tax money earned outside that country. In essence live in a tax haven—just officially. The rich maintain an intense schedule of travel using a virtual single-family office of professional management over their businesses. With accounting firms geographically dispersed, each is the cornerstone of their single-family management office. Their virtual family office coordinates experts and specialist serving the needs in specific geographic areas. This management scheme helps the wealthy be everywhere and nowhere at the same time. They are true global citizens—avoiding all local taxing and legal authorities. They even get C-19 screening tests immediately for free. Since money is no object, your family office will provide low taxes on your income from everywhere in the world and you just charge it to your personal credit card. When your yacht needs maintenance, the office in the country where it is docked takes over. Almost all your possessions and assets are owned by one of your companies so a wealth tax is as ineffective as the US income tax. You are not subject to jury duty or military service. Set up your own tax-free system here at home.

Create your own tax-free account: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

Does Trump receive a tax deduction since his name is on relief checks?

Will Trump’s accountants use the fact that his name appears on the check millions of voters receive use it as a marketing expense deduction for the campaign for president? In past campaigns, the use of his name has been a deductible expense. Why else would Trump insist to the Treasury Mnuchin that the IRS must delay checks by printing his name on the checks?  "During economic downturns in 2001 and 2008, President Bush included his name on letters sent in advance of recovery checks." The IRS refused to put Bush’s name on the checks. An observer noted that to avoid the potential for corruption or misuse of funds, a civil servant – not the president or someone appointed by the president – signs the checks. Trump wanted to actually sign as payer. Now he denies it and blames his staff. Treasury denies that coding software and reprinting the checks with Don’s name will NOT delay delivery despite previous reports. One Rep said: "So Trump is delaying the stimulus checks so his signature can be printed on each one. Him first. You second. Always." Trump makes $59 million on his name image.

Ebay: The Don’s check for you: $17.99

Experts don’t know when businesses will restart

Every financial guru says they know but they are just guessing. This is not like any recession/depression before so we need to make plans to survive. Many are rescheduling their cruises in 2021 but that is more marketing (25% off). Wall Street’s ups and downs are just positive thinking by speculators. Politicians’ forecasts are biased. Some businesses will not be able to come back so the unemployed may have to shift jobs. More than 16.8 million Americans filed for new jobless claims. Some can’t even get the form to file. States’ cash is low. If there are over 10 million looking for work at the same time, it will take months to rehire/restart/restock for next year. Think of the lines when ads post 1,000 openings. Get refunds. Don’t waste that $1,200 paying bills. Doctors, landlords, lenders, utilities can wait—they have reserves and access to federal lending programs we don’t have. Many states are making evictions and shutoffs illegal. Perhaps a temp job will keep you motivated and fed for a few months. Prepare a budget to cover food necessities for 6 months so you don’t panic. We just don’t know and panic is all we can control now. During the ‘30s depression President Roosevelt helped us come together with a speech: “Only Thing We Have to Fear Is Fear Itself” Definitely worth reading today:

“Only a fool … can deny the dark realities of the moment.”

JPMorgan caught overcharging own employees again

JPMorgan sued for overcharging 401k employees: failed fiduciary: pensions will be cut. Paying the 2% fees over time causes total accumulations to be cut by over HALF. JPMorgan and 401k staff is robbing its employees of the pension they paid for. Like many other large and small companies, the owners seek to make the 401k plan a profit center. The fiduciary duty—making investment options that are best for the employee—is required by law. Almost every new hire is given poor investing advice by the HR department in charge of signing employees up for the owner’s plan. Most HR people are not financial planners so they tell most young and old employees to put all their money into so-called stable funds. HR recommends these funds so that the owner will not be sued when the employees account value goes down. However, for anyone under age 50, these are the worst investment choices since most employees have time to grow their accumulations at the market rate of 11% not 2%: stocks vs bonds. Morgan employees, like most 401k members will end up with $62,000 instead of $195,500. Only the enlightened employee will put all their contributions into the low-cost index fund if they can find it in their plan’s 56 page brochure.

Stop the theft: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

Why file your taxes ASAP?

If you have refund, waiting gets you nothing. Could the IRS run out of money? Could gov computers make a mistake after April 15 because they did not get the email about extension to July 15? Is it possible there will be big delays since all the IRS and check printers are out of the office now in virus lockout? Just to avoid all the bad stuff, file now. Check your state for deadline. The federal and state filing can cost you nothing at https://apps.irs.gov/app/freeFile/. Another site has no cost or restrictions: https://www.creditkarma.com/tax. And remember you can usually reduce income and thus tax by making a deductible contribution to your IRA. File now for refund: 90 day interest-free extension if you owe. https://www.irs.gov/pub/irs-drop/n-20-18.pdf

Filed already: refund status: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

If it takes a village, the village idiot is in charge: “metrics up here” (his head)

The Village Idiot threatens to adjourn Congress

Idiot declares: “We have the right to do whatever we want”

Village Idiot: “It is my decision to reopen the US economy”

IDIOT puts Real estate developer/clothes maker in charge of reopening our nation

Real doctor (not the village idiot) says we WON’T be back by May 1

Village idiot shut ObamaCare just like revenge on Idiot’s family

Village idiot voids OSHA: don’t report virus—election coming

Village idiot orders his name put on relief checks: election messaging

A crisis brings out the worst in dictators: Easy to end democracy

How Govt wastes our money: Congress spends another 3.7 Trillion we don’t have! 

Airlines favored by Mobster receive $32 Billion in bailouts: we pay for their bonuses

Boeing hires lobbyists to obtain more bailout money, loans: we paid $17 B already

C-19 law allows HSAs and FSAs money for over counter meds reducing taxable income.

We will never know who is getting $ billions in bailout money: Lobbyists know

Trump orders FEMA to buy supplies from Canada firm in no bid scheme: stock soars

While Rome burns … Trump plays The Apprentice daily; Congress is on vacation?

Millionaires’ hedge funds may take C-19 relief funds by filing as ‘small business’

Trump, Kushner, wealthy will gain $ billions by deducting 3 years of losses. Virus law.

Navy ex-chief spent $243,000 to give 15 min speech blasting its captain: dock his pay!

Trump pays $5.50 a mask to James Punelli who has no experience making them. 3M gets $0.63

SCAMS/SPINS:

Trump did NOT fire the ONE watchdog who refused to give Congress Trump’s taxes

Surprise medical billing: very wealthy squeeze/bankrupt workers even with insurance

GOP slips into C-19 ‘relief’ an extra $90 Billion tax break for super rich: ends ’17 limit

Scammers ask for ‘processing fee’ for relief checks: No fee and no withholding tax!

Williams- Sonoma admits fake claim “Made in America” for its stuff

Travel insurance is really to insure sellers don’t lose money: they keep our money

Favorite virus scams: cures, faster checks, secret stuff, virus gear, toilet paper, taxes etc.

H&R Block bait and switch: charging for “free service”: Fee from refund stops $1200

Some insurers are not even acknowledging let alone checking claims from businesses

Michael Altobell CA caught mismanaged client accounts suspended

Richard LaBare CA caught ignoring investigation barred

Gerald Eaton MA caught mismanaging client accounts suspended

IRS offers scammers a new tool: enter data get check for each fake ID you use.

Cuomo throws up a coalition for the future Dem view of world: challenges Mob rule

FL to reopen schools: GOP Gov thinks kids not affected by virus

GOP Biggs and Buck attacking Fauci for cutting virus deaths: Reps have ObamaCare plus

S Korea had only 25 cases Apr 13: those who don’t learn error are forced to repeat it.

Virus misinformation grows: uncovering the truth: adults crying out for attention

SD followed Trump advice and now virus hot spot: will test Trump-cure drug on humans

Pastor held services against ban on groups and then died of the virus: evangelicals note

Trump fixer Michael Cohen gets out of jail early: Trump’s lawyer sends him home.

Untested virus antibody tests give false hope of immunity: sets up 2^nd wave of deaths

Are ventilators actually killing some virus patients?

Trump uses them as political tools. FEMA seized state order so Trump can give to GOP.

Trump sending med supplies to countries despite domestic needs: CA nurses get none.

Labs have no funding for national testing to secure return to work: No plan; just talk

Marshal law TX FL RI: troops take ‘foreigners’ off roads; house ‘arrest’ for 14 days.

GOP Hollingsworth wants to save GDP even if it kills us all: He has great health care!

Facebook Google delete virus conspiracy theories from politicians, TV stars, fake news

Jobs

Delta tells sick employees: don’t tell fellow workers you are sick

Smithfield Foods will continue to pay its 3,700 employees during the 14 day closure

Self-employed may get unemployment comp or paycheck protection

Fidelity Investments hires 2,000 to work the phones

Your lawyer still charges court rates from her bed or pool: how fair is that?

NYC transit workers who die during the virus period will leave their families $500,000.

Who owns your account now?

As banks get bailout money, they make it harder to get a low-rate mortgage: Cake and eat it too

Soon our waterfront property will be under water: when to change location accounts?

Contract workers, gig, DBA owners guide to relief loans: something for everyone.

Vanguard others close fed money market funds to keep yields high: Fell to 0.6273% from 2%

Trump’s FHFA declines to bail out mortgage industry when borrowers miss payments

Miracle:

Doctor makes ventilator from items from hardware: why GM takes months at $10,000 ea

7 year old delivers groceries to elders

Super moon landing in San Fran bay: close est (to earth) encounter this year

First time president has declared major disaster in all 50 states at once

First time president insists his name appear on Treasury checks.

First family puts secret service staff at risk: Ivanka Jared kids travel despite Trump rule

Create internet powered Chromebook from old laptop

New blood test finds 50 cancers before symptoms: early detection saves lives

Antiviral drug, also known as "GS-5734" shows promising results in trials

10 lost apple varieties found: rediscovered apples planted by NW pioneers.

Great toilet paper substitute: Amazon commercial facial tissues Thanks Jeff

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

Does your child know enough to invest for their future?

Does your child know enough to invest for their future?

High school students in 21 states must now take a personal finance course in order to graduate. Five states — Iowa, Kentucky, Mississippi, Ohio and South Carolina — added the prerequisite. One state, Florida, dropped its requirement. One in five American 15-year-olds doesn’t understand basic financial concepts like budgeting, borrowing costs, saving and compounding. Without some educational help, poor students had far less access to financial education, compared to wealthier students. “If you teach the kids,” one educator said, “you teach the parents.” Remember, SS benefits will be cut by 20% in 15 years. Kids must start SS benefit supplement TODAY.

From the 12^th Century: Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime.

Help your child: https://www.amazon.com/Wealth-every-school-graduate-knows-21-century/dp/1466427906

How to double your savings over time

The most important fact about saving money is compounding. Only the rich have learned this concept because they see how it works in their lives. Most of us don’t see it in our lives because we don’t think in terms of the outcome over time. Most of us experience the opposite of compound interest: debt. We don’t realize that we will have to pay about FOUR times the amount of a credit card debt IF we pay only the minimum required. If we pay the minimum on the average debt of $8,398, it will take us 20 years to pay it off. We will have spent about $30,000: $23,000 in interest. But if we invested that same minimum payment in a simple index fund and earned compounded interest over time, we would have $115,000. We could easily buy more stuff for that same $8,398. Long-term investing: put $250 per month ($3,000 a year) in a low-cost stock market index fund. It would grow to about $65,000 in 11 years: $33,000 + interest $32,000. Our savings can double in about 12 years IF we invest it--compounding the earnings every year. This is how the rich stay rich. Show your child how to double their savings.

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

Why did your advisor provide you with less than 31.5%?

Yes. You know why. In fact your fees resulted in 5 managers taking over $1 BILLION of your dollars last year. These unconscionable fees are especially notable, especially given only a third of the 15 managers on the top manager list beat the S&P 500 Index. And the same one does NOT do it every year. It also comes as the hedge fund industry has been grappling with closures and mediocre returns. Very few managers can beat the index over time. Buffett put his $1,000,000 bet on the Vanguard 500 Index when a manager with 5 different funds challenged him 10 years ago. Buffett advises the hedge fund crowd to avoid the 20% fees and use index funds like the gigantic pension funds. The manager and their firm need your fees to exist. Vanguard is owned by those that invest in Vanguard funds. There is no outside owner needing profits. Since no manager can beat the index consistently, you could be earning 11% a year instead of the average equity managed account earning you 3.79% over time. Can they tell which stocks will soar nest?

Professionals aren’t cost effective: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

Why most investors don’t need an annuity

Many investors are DIY investors—they have jettisoned their advisors since learning the John Bogle and Warren Buffett investment lessons: advisor costs detract from your earnings. Advisors and annuities can take up to HALF your earnings in fees and trading costs. Here are DIY's results for 2019. They are total return investors—selling shares equally across all 10 funds for their monthly RMD income in retirement. Some want protection from a down market and so they overweight Wellesley Income instead of buying an annuity: Wellesley’s 9.7% a year is not too bad to live on.

2019 Total Return Fund                    Long-term Return      Longevity

31.5% 500 Index                                             11.2% since 1976

13.2% Energy                                                    9.9% since 1984

28.0% Extended Market                                  10.7% since 1987

22.9% Health                                                   16.2% since 1984

31.4% International Growth                              10.6% since 1981

27.9% PRIMECAP                                         13.4% since 1984

27.4% Small Cap Index                                    10.6% since 1960

16.4% Wellesley Income                                    9.7% since 1970

30.4% Windsor                                                11.3% since 1958

29.0% Windsor II                                            10.7% since 1985

25.8% Average                                                11.4% *

            *Average Annual Returns as of 12/31/19.

Annuity alternative: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

Are cheap life insurance ‘upgrades’ right for you?

Your agent/broker/salesperson has 12 ways to ‘upgrade’ your policy once they have you talking. But are they just premium add-ons that cost you big dollars over time? Most premium increases are not needed: add-ons are cheap because they don’t add much value. For instance, paying more for a child rider so they can buy a policy later or cover death expenses is unnecessary. No parent wants death insurance and very few young adults are denied coverage. Do you really want to give your spouse a windfall because you die by accident? The chance of that is almost nil. You are better off buying a higher death benefit in a 10-year term policy than any rider. You may not even need life cover later.

Buy only what you need: https://www.amazon.com/Drop-Your-Insurance-Only-What/dp/1448623391

Is life insurance a good alternative to the Stretch IRA estate plan?

Advisors are coming up with ways to get your IRA to your heirs after you’re gone. Life insurance has always been a favorite since it pays much more commissions than the previous Stretch IRA plan. But does a lump sum death benefit to your kids or grandkids really address your concerns about taxation and spendthrift beneficiaries? What are viable alternatives to the Stretch which allow a bene to take the RMDs over their lifetimes instead of at once or over 10 years? Each situation is different so you may need a more elaborate plan with an estate attorney than you had before. Perhaps time will provide additional choices. Lifetime gifting may be our best choice.

https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

File for the quickest refund FREE

If you meet certain criteria and have your documents already, federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/. Another site has no income/forms restrictions: https://www.creditkarma.com/tax. The software helps you avoid common mistakes before you file. Even if you make a tiny mistake, the IRS usually catches it without penalty. I have used most of these programs for years even though my income is above the limits. Most charge nothing for the federal and state. Some charge only $12.95 for the state. For 2019, six states have kept the health mandate tax if you don’t have health care cover so that state return may get complicated. Once you file your first year, your previous years’ data is there and pre-fills your forms: Saves a lot of time and money. Try it before you spend $200-300 at a for-profit preparer. No refund due? File to keep your ID from scammers. Your W-2 should be sent to you by Jan 31 according to IRS. Your refund can be in your direct deposit account in 10 days. Check mobile: IRS2Go within 24 hours after IRS receives your e-filed return for status.

Plan now for a Tax FREE retirement: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300 

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

“…all of his tormentors are being whacked.” He can’t be indicted for crimes now.

It’s "all about politics, not justice"

Trump tells prosecutors NO JAIL for his confidence man Stone.

Trump—Judge and Jury: I “cannot allow this miscarriage of justice.”

Even Barr says: Trump is obstructing justice with his tweets

Trump: F***You, Barr. I have “the legal right” to intervene. 

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

We pay Trump $650 a night to ‘guard’ his clubs plus $ millions for kids who could pay own SS.

Utah national monuments to be drilled by his friends for oil gas coal open grazing: sacred ground?

We pay $millions to buy phone data about our movements, activity, from spy firms.      

Trump tax breaks: cut $130B to Medicare $292B food stamp/Medicaid $70B disabled.

Trump going after the current and future SS disabled to pay for new space wars.

SS benefits cut by 20% in 15 years.

SCAMS/SPINS:

Lobbyists were dining the Trump mob so much they could not do their jobs: sloppy law- writing.

Attorney General Barr wants US to buy EU tech firm for its own 5G system: US socialism?

After promising "to produce phenomenal health care" 2 months ago, Trump gives up. ‘

Trump missed his morning elixir so he rehired Hope Hicks as the ‘prince’s liaison.

Dr Trump: coronavirus just ‘miraculously’ go away—sure, when deficit’s vanish.

BEWARE: Info at ‘local-looking websites’ offer fake news: ‘Trust but verify’

Tesla says get update Autopilot BEFORE you put your life in hands of a bad computer.

Tesla recalls 15,000 Model X SUVs for power steering failures

E-cigarette Juul bought adverts on Nickelodeon, Cartoon Network: MA sues to stop.

United Healthcare: limit seniors’ access to less expensive versions of Medicare drugs 

KS sending poor with medical debt to jail

Criterion Wealth Management Insurance Services caught taking hidden kickbacks

Ronald Leger MA caught selling $2.5 million unregistered 'life settlement' securities.

Elias Herbert Hafen CT caught stealing $1.6 million as promised invest in own account

AARP caught receiving payment from United Healthcare for Medigap plans

25% of prescriptions cost less WITHOUT using insurance 

MO state wants to protect bad product owners from suits after they kill/injure people.

Balance transfer trap: 0% rate 21 mo/ 5% fee; VIG 26.24% after. Mafia charges less!

Mob rule in the ‘banana republic’

Which cash fund will win American presidency? Election for sale to highest media spender.

Fox tells Trump’s voter: Stone is victim of Mueller probe which was Dem fantasy Putin control.

School bullies channeling Mobster attacks on Hispanic, black and Muslim people.

Company secretly collecting billions of pictures of children/women in name of protecting them.

Too late to do any good: Credit monitoring service charges fees for notices 24 days later!

Myth: filing tax return in April avoids an audit: IRS too busy to pick yours is myth.

Jobs

Biden to voter: “You’re a lying dog-faced pony soldier,” drawing laughter from crowd??

Is Uncle Joe done? I get no answer to my question about what his ‘joke’ above means.

Tim Kaine of Virginia for Dems’ POTUS nominee?

Aflac moved to Belfast: 150 jobs

Who owns your account now?

Best movies since 1976: Only time can tell which ones are YOUR best.

Which insurer is best at taking care of your car body when it gets hurt?

T-Mobile edged closer to a takeover of Sprint: judge approved

Fountain Financial Associates to Captrust Financial Advisors

Miracle:

January was hottest in 141 years of records. Takes miracle to convince deniers.

Antarctica’s Trinity Peninsula hit 65 F on Thursday: highest ever! Glaciers retreat!

Some Iraqis never saw snow: now they stare at the snow NYC used to get.

Pope is fallible: reverses course on Amazon married priests! It’s all politics.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Is your employer robbing you of your retirement money?

Is your employer robbing you of your retirement money?

More large employers (who don’t need the money) are taking your future nest egg assets.

Employees of New York Life are suing for all the extra fees they were charged by their employer’s mutual fund options. Employers are supposed to do the right thing in picking your nest egg options. New York Life’s own index fund charged 35 basis points. That is seven times what Vanguard charges for the same securities. That is pure profit to NY Life since they own this plan’s option. NY Life claims they paid a consultant for the plan options. In other suits, employers were taking kickbacks from the plan administrators. Employers should act as fiduciaries and use only the best options for employees.

Stop being robbed—use your own tax-FREE account: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

 

How much does it cost for a $1 million retirement?

Most of us have no idea. Half of all Americans will not be able to live on Social Security and their savings. Yet, if we knew that we could guarantee we would have enough, would we do what is necessary with our current wages? What we don’t know that wealthy people know is that TIME is the key to converting our current spending into a million dollar nest egg. Most of us don’t shop to save on mutual funds or insurance so we pay too much to the middlemen. Our fees reduce the amount we could have by 63%. Instead of having $250,000, we end up with $100,000. We end up with $500 a month instead of $1,000 a month in retirement. All we need are the Tricks that savvy savers use for $1 mil.  

https://www.amazon.com/Tricks-Trade-Save-on-Mutual-Insurance-Annuities/dp/1535497289

 

Are you getting shortchanged on your benefits?

Income inequality grows from your benefits package too. If the rich get richer, one way is they have better insurance, heftier 401(k) plans, and a sturdier all-around benefits package. And the trend is making America 's already wide income gap even worse. Employers spend a median of 38 cents of each compensation dollar on benefits, according to a Pew study. And as compensation goes up, so do benefits. For every additional dollar of average hourly pay an employee gets, Pew finds, employers spend an additional 67 cents on benefits. Workers with smaller paychecks, who can't afford to pay out of pocket for things like extra health care expenses and child care, get less support from their employers to meet those very needs. Many benefits come in the form of non taxable income. As benefits make up a bigger chunk of compensation, this further advantages those in a higher tax bracket. Tax payers subsidize the non taxable benefits.

Avoid subsidizing the executives: https://www.amazon.com/Tax-FREE-Millionaire-refunds-built-tax-FREE/dp/1482593289

 

Why your car or home insurance is NOT renewed

After you make a legitimate claim, your policy is not renewed. It happens often and for good reason. Insurers don’t like to pay claims even for legacy customers and for legitimate claims. They price for once-in-a-lifetime catastrophic loss not frequent dings. A property damage claim means that you are not maintaining properly and will have another claim. Jewels can’t be stolen or lost if they are in a bank vault. Two events mean you are careless and will have another claim to them. This pattern is a risk that cuts insurer’s profits. Insurers take on risk based on numbers. Size and number of claims that do not fit their profile are jettisoned. It is not personal for them. The fact that you paid for 25 years has no bearing because the numbers are done each year. If all your policies are with one company, all your claims count against you. All insurers share records on CLUE so it may be difficult to re-insure. Insurers underwrite for different risk and marketing strategies over time so you must shop around just like you do for a HDTV.

Find the right coverage for you: https://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870

 

Estate planning made simple

You have a sizable IRA. You want to leave it to heirs tax-FREE. You can pay for a trust but the trust pays taxes at over 39% on income over $12,400. If you make the trust your beneficiary, that is a big bite. The best option is to convert parts of your IRA to a Roth. You may convert portions of your IRA strategically over time by "filling up" lower marginal tax brackets with Roth conversion dollars. Then each year in post-70.5-retirement, take out more than your RMD, pay tax and reinvest it in a Roth IRA if you are still working. Otherwise, reinvest in a taxable account with growth stocks NOT BONDS. Growth stocks or growth stock funds pay little current interest/gains so taxes will be minor. You may have to pay tax on SS benefits and pensions so your tax bill must be managed.

At death, your Roth IRA is tax-FREE forever. The taxable account moves to your heirs on a stepped up basis. At your death, the balance is tax-FREE. As their taxable account grows, only the gains above that amount are taxable at capital gains rates. Leaving an IRA, 401K, or annuity are taxable at the heir’s income tax rate!

Keep your estate Tax-FREE to heirs:  https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

 

 

Trump tax plan: tax cut for the very wealthy

Since we have a deficit and Trump has promised to cut taxes for the wealthy and corporations, where will the revenue come from except from us. GOP leaders have hinted that a “consumption” tax may be used. Everything we buy will have an extra tax. This is called a “value added tax” VAT in Europe . It is a national sales tax. Some call it a flat tax. Some claim it will increase growth because wealthy people will invest and build more business with their extra money. Others say that the wealthy already pay less (17%) than the flat tax with the subsidies Congress gives. They have already invested their excess cash overseas where labor costs are a tenth of ours. Fiat Chrysler moves car making to Mexico Canada but our tax subsidies of $2 billion continue for Fiat. Most agree that the biggest tax cuts are reserved for the wealthiest. Trump will eliminate the estate tax (which currently applies to only about 5,300 of the richest families) and scrap the alternative minimum tax, which is avoided by most wealthy people. Corporations already pay lowest rate of 12.6%. Some pay nothing. Most send overseas.

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

 

Can The Don really bring good-paying jobs back to US?

One of the GOP’s major promises for 2016 is bring back factory employment from overseas. "I will bring jobs back from China . I will bring jobs back from Japan . I will bring jobs back from Mexico ," he said. "I'm going to bring jobs back and I'll start bringing them back very fast." “I will be the greatest jobs president.” But who wants to work for $1 an hour. Even jobs of building The Wall means he takes jobs in farming. But during the last 3 years of Wal-Mart’s effort to create 250,000 factory jobs, it has hit two walls. Wages in China allow US makers to do more with less. Even when employees here reengineer to cut costs, the automation raises productivity with much few employees. Employers would more likely take a one-time automation cost than hire more people even at $7 or $9 an hour. Wal-Mart has created 7,000 jobs—a tiny fraction of the 5 million lost since 2000. The Don’s thinking goes against the trends of automation and lower wages for low skill jobs. Why doesn’t he spark solar & wind jobs since they are growing and climate is changing. Need flood walls not border wall. His record in casinos, golf, hotels has been dismal. He is better at avoiding taxes.

Join The Don in doing what he does best: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

 

 

GOP ‘religious freedom’ (for certain people)

PayPal founder got a cheer for being gay but the GOP law in many states says NO NO!

Congress may legalize discrimination against gays despite Convention cheers. GOP thinks the "First Amendment Defense Act" will protect the rights of religious institutions/people since same-sex marriage was legalized. But hate gay law is already in many states like Pence’s IN. “In most states, you can get married on Saturday, post photos of your wedding to Facebook on Sunday and then get fired or kicked out of your apartment on Monday just because you’re gay.” Trump said he will protect gays at his convention but he does not control GOP Congress nor the state lawyers. The law allows anyone to claim ‘religious belief’ as excuse to bar people on the basis of any sex act OUTSIDE of traditional marriage. Violates our civil rights.

Will Congress protect us from Trump using religion as a weapon against us? Trump is mining the evangelical Christian/white nationalist power source. They are twice as likely as those of other faiths to blame poor people for their economic status, a study found. Trump combines that with evangelical views on our destruction of Earth. His EPA is destroying 30 years of work keeping our home safe for future generations. EPA chief Pruitt thinks of ‘fossil fuels not as the remains of dead plants and animals, but as God's gift to mankind. "God has blessed us with natural resources," he told Politico recently. "Let's use them to feed the world. Let's use them to power the world. Let's use them to protect the world." As for climate change, that's not something humans are responsible for. "God's still up there," Pruitt's mentor, Sen. Inhofe, has said. Proof, his snowball melted in Congress.

Apparently, these Christians think God wants us to use up Earth. Do we get a new one?

 

GOP tax cut experiment failed – credit ratings fall twice

KS has given its wealthy a big tax break and now the state credit rating has dropped twice. Borrowing costs for state projects will rise. KS is now in the KY, IL and NJ class—no cash reserves. Kansas can’t balance its budget because GOP Sam Brownback lead GOP-Legislature gave tax breaks to the wealthy in 2012-13. The GOP myth is that the wealthy will create work and revenue. Instead they send their money elsewhere. Largest employer Koch expands in other states and countries. Koch spends $ billions to cut taxes nationally. All schools, infrastructure, and state pensions are degraded. "It's just the fundamental, ongoing budget crisis that's been caused by Sam Brownback's failed tax experiment," said state Senate Minority Leader. CA has raised taxes and funded all projects plus emergencies. Trump promises to work the KS ‘miracle’ for all states.

Avoid his $10.2 trillion deficit:  https://www.amazon.com/How-Retire-Tax-FREE-Income-increases/dp/1484156951

 

 

Trump children in charge of the nation?

Trump wants to fire all Obama-era workers. Will the Trump kids run State, Medicare, ICE, FBI, and Treasury? Can Pence really fix the economy like he did Indiana or did Obama’s policies? Can Congress pass all those bills—closing environment, education, health, oil gas water electric regulation, and taxation as we know it? They only work 111 days per year. Who will tend the golf courses and Trump product sales and rental buildings if Trump kids run the nation? Trump says only he makes the decisions.

Petty dictators are all alike. Opponents are criminals, public show trials, mobs shouting “lock her up”, other reckless vows. Convention was not GOP: ‘Trump Family’ branding: “I am the only one who can save you from violence” “I can fix everything” once you give me the power. Alpha and Omega incarnate.

Trump’s banana republic? https://www.amazon.com/Evita-Antonio-Banderas/dp/6304806418

 

What does it really cost to own a car?

As you know, if your car makes it through the 5 or 6 years of monthly payments, you still need to pay the maintenance, insurance, etc. Some cars are free for the first 3 years but after that some costs really get you—usually the most expensive. So, your beemer costs nothing to maintain, you say. Yes, but it was designed to keep BMW mechanics in the best neighborhoods. BMW upkeep are the highest according to Consumer Reports. But if you lease, don’t worry—just keep paying the monthly lease. Surprisingly the Korean cars are right behind 2007 Buick and Toyota low cost history. The most expensive cars—MB, Audi, Jag, Volv, and Porche keep BMW company. Selling costs you even more.

Take your discounts where you can: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

 

 

   

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

TrumpWorld

Goal: Everyone knows the Trump brand around the world

Is Trump really above the law in his actions? Pardon for his crimes?

‘I could shoot someone on 5^th avenue and not lose voters’

 

Trump boasts of highest TV ratings since ‘the World Trade Center came down’

‘Trump’ brand is all he cares about—it is all he knows. Trump vs America brand

 

Putin has captured Trump’s patriotism—Collusion with money-lending enemy?

Trump gives in to Putin: removes CIA from Syria leaving moderates to scatter.

Putin kills Trump ‘be kind to dictators strategy’: 755 American spies leave Russia

 

Trump group places mob ties above country; it’s about money POWER not US service.

Russian lobbyists guide Trump crew and GOP on business interests toward Russia .

 

Trump is still just a mafia contractor from Queens—Fred taught him to be The Don.

Like mob boss, he threatens Senators

The Don threatens Attorney Gen and Prosecutor Mueller. Wants FBI his personal police.

 

Who knows what Jr got from Russia; Trump was in meeting? Russians came long way for nothing?

Receiving stuff from ‘foreign power’ during campaign is illegal—even for idiots.

Putin Ambassador: “not on Trump side, we are on side of justice” Putin hacked elections.

 

Mobsters don’t call the FBI when Jr doing an illegal deal with fellow mobsters.

Trump’s FBI Wray promises he won’t give his employer a free pass. He got Christie off.

Mueller to DC Grand Jury for DC residents’ petit convictions.

 

Putin has full access to our 2018 elections since Trump doesn’t help states upgrade now. GOP is doing nothing to protect voting process except making it harder for US to vote. 

 

 

My Theory:

Trump got Russian help/funding for business from business/mob ties Putin.

No one expected him to win so no harm getting Putin help. Don owes Vlad’s mob money so they sent mob gofer Manafort to run the campaign. ‘Colluding’ Putin style.

 

TrumpWorld – using presidency to make money the old fashioned way: theft

Jared/Ivanka lied again on their disclosure: ‘forgot’ 77 more assets worth $millions

Jared now says 100 meeting/contacts with foreigners. Lies go unpunished 4th time.

Jared in real estate money-laundering deal with Russian investigated by Congress

Collude: wanted a secure communications channel using Russian equipment be set up

Trump hires a Putin bank lawyer to run our Justice Dept criminal division TOO far!

Flynn has to amend disclosure lies 3^rd time. Bannon’s con game made $billions.

 

Trump hires MarLargo foreign workers not America Great workers.

Ivanka gets $23.6 million US grants to support her foreign cheap workers.

Trump shop from Canada run by Germans sell us Chinese hats et all. Buy US???

 

Dictator talk time:

“When the president does it, that means it is not illegal,” Richard Nixon

Trump threatens special prosecutor to NOT investigate his ‘deals’ with Putin mob.

Trace money laudering and real estate deals—trail is clear to Putin’s mob buddies.

FBI builds case from outside in: Manafort, Ross, Oligarchs, Banks, RealEstate,

 

Boy Scouts have to apologize for rhetoric of The Don—didn’t know political talk.

 

Trump attacks individual reps for not voting his way—3^rd world countries do this.

 

FBI now reports to The Don personally, he thinks. His man Wray is in charge.

 

Trump denies ANYONE helped him get elected. What about that MI, PA ?

Other dictators have fired their closest loyalist supporters. Don in good company.

Trump ICE snatch kids waiting bus to school: dictators did this all the time.

 

“The president can’t have a conflict of interest.” The Don is above the law?

 

 

Quid pro quo: "something for something."

EPA allow Dow use pesticide “dangerous to children” after $1 million to Trump inauguration.

EPA allow Big Coal to dump in streams after GOP ‘reps’ receive election money.

Interior gives our national parks and monuments to drillers after Trump funding.

FCC allow Sinclair (right propaganda) to take 42 more TV ch. after Trump GOP funding.

 

Pence denies running: But he set up a political fund-raising organization, Great America Committee, and has hosted key conservative billionaires like Tony Perkins of the Family Research Council and lobbyists for Koch, $1 billion for state GOPs. Recently he hosted the Crafts, coal barons from Kentucky . He filed with Federal Election Commission.

  

Lincoln solution to TrumpWorld: http://www.latimes.com/opinion/op-ed/la-oe-blumenthal-lincoln-trump-20170713-story.html

 

How many Americans would vote to bring back Obama? He did things we need done.

 

Regulation is necessary: We need protection. Saves $12 billion of our money!

 

Trump gives cattle country to Big Coal and ranchers lose reservoir water/grazing land. 

Raymond Montoya, RMA Strategic Opportunity Fund caught running Ponzi scheme.

GM recalls 800,000 2014 pick ups: steering assist goes out

Trump to overturn 2016 law paying you overtime pay for middle income workers.

 

SCAMS:

Fox News has become Trump advisor? and voter information source.

Trump withholds government reports on things he does not like.

 

Jobs:

25 top pay jobs without a college degree: http://www.businessinsider.com/highest-paying-jobs-dont-require-bachelors-degree-2017-6/#24-magnetic-resonance-imaging-technologists-2

 

 

 

Miracle:

What we don’t know: Universe is made up of 4 per cent ordinary matter, 26 per cent dark matter and 70 per cent dark energy. The 96% we can’t see but it has effects on stars.

IAN

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