Are you on target for a comfortable retirement?
Investing in your 401k or IRA is a long-term project. To meet
your goal of an adequate retirement income, you need to hit certain milestones
along the way. Like a trip to grandma’s on Thanksgiving, you need to know how
far you have gone to be able to answer the question, “Are we there yet.” Unless
you keep track of your speed or miles traveled you won’t know. Here is how your
advisor should figure it out. If you earn $50,000, and you invest 10% or $5,000
a year in a stock fund for 30 years,
you will have about $1 million. This will be worth about $½ million in 30 years
due to inflation. If you convert your 401k to a low-cost IRA providing 8%
return (balanced
fund) your income could be $40,000 in today’s purchasing power. So how are
you doing? At year 10, you
should have about $90,000, at 20, $320,000 and at 30, $950,000. Try the
numbers: http://www.moneychimp.com/calculator/compound_interest_calculator.htm
Time you are invested determines your total accumulation if
you use low-cost
stock mutual funds. If you are using a high cost plan or “guaranteed”
funds, you need to put in more money or work longer to reach your goal. Advisors
must give you good advice according to the new Fiduciary Rule. However, the
industry says it
violates their 1st Amendmend right to feed you BS like “this
plan is good for you.” Trump may cancel the rule so check all your alternatives
before you sign. There are no refunds for the BS plan: https://www.amazon.com/Fiduciary-Rule-BEST-dont-overpay-anymore/dp/1530980275
Pay FEWER taxes: follow President Trump’s example
Using your Hidden Wealth Reserve, you can avoid taxes on the
gains in your investment fund. If you are using a 401k at work or an IRA
yourself, all your income will be taxed at whatever the rates are in the future
to pay off our $19 Trillion debt. The
Don’s programs may
add another $12 Trillion by 2026. If the wealthy and corporations get tax
breaks as per his promises, there is only us left to pay the bills. So right
when you are planning on living on your secure retirement income, you may be
paying more income tax than you are now—on investments and SS benefits. It is
simple math. Along with tax rates, our medical copays and premiums are sure to
grow. If you are investing now, congratulations. You need to consider the
vehicle you are using. As the Prez said: "I fight very hard to pay as
little tax as possible" because "that makes me smart." If I
did pay taxes, "it would be squandered, too, believe me." Be
smart:
use Your Hidden
Wealth Reserve: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce/dp/1540435148
Is an IRS-approved Tax Shelter right for you?
Madoff victims get screwed again by their fellow wealthy
class. Turns out the smarter group of Madoff investors, including the infamous Koch
Brothers, made-off with their profits and hid them overseas. Kochs may
never pay tax on their gains. Now a judge says victims that did not hide their
money from US
law are out of luck and out of the money. Perhaps the Kochs knew Madoff’s
scheme was bogus. Maybe Koch like Mit
Romney just had the opportunity to go offshore to hide their questionable
money. American workers have a similar opportunity to shelter their funds from
government taxes and creditors and legal proceedings. This Tax Shelter is part
of the IRS code for working Americans who wish to avoid future taxes on their retirement
gains. This IRS §408 Trust provides Tax-free
accumulation, Tax-free income and a Tax-free legacy that is protected from
bankruptcy and future taxation.
Trump is cutting taxes for the rich and corporations so there is only one place
to pay off the rising national debt—working Americans. We don’t have lobbyists
to protect us from Congress cutting benefits and adding taxes/fees/charges.
Protect your funds
from the unexpected: https://www.amazon.com/Most-U-S-Corporations-Pay-Taxes/dp/1514274116
What can you do when your employer dumps your pension?
What will you do if you end up like DuPont workers? DuPont
will no longer
contribute to active employees' pension plans, a move that will affect the
retirement of 13,000
workers, including 2,800 in Delaware .
Workers will stop accruing benefits sometime in November 2018 or the creation
date of the first independent company spawned through the proposed $130
billion merger with Dow. Only employees in the United
States and Puerto Rico
will be affected by this move. The company also eliminated retirement
health benefits, including dental and life insurance for all employees
under the age of 50 when the pension contribution ends in about two years. Some
US corporations
have been sending their cash overseas to avoid taxes and paying under-funded
pensions and health insurance promises. Before your employer decides to cut you
off, you need to make a plan. President Trump has learned how to divert his
income tax money to his own nest egg using tax shelters and Tax Credits. It is
time we did the same.
Use your Tax-Credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Tax tips for business from IRS
Sole proprietors and independent contractors can get helpful information from the IRS Small Business and Self-Employed Tax Center. This resource includes online tools such as the Tax Calendar for Businesses and Self-Employed, which has key tax dates and necessary actions for each month of the year. For those who provide services to consumers, such as rides in personal vehicles for a fee or the use of property, such as apartments or homes for rent, the IRS created the Sharing Economy Resource Center.
Sole proprietors and independent contractors can get helpful information from the IRS Small Business and Self-Employed Tax Center. This resource includes online tools such as the Tax Calendar for Businesses and Self-Employed, which has key tax dates and necessary actions for each month of the year. For those who provide services to consumers, such as rides in personal vehicles for a fee or the use of property, such as apartments or homes for rent, the IRS created the Sharing Economy Resource Center.
The best way
to control your taxes is to have a small business. Many expenses are
deductible from your income. Real estate is especially helpful in offsetting
your other income. President Trump has become the master of the tax universe by
claiming a $billion loss from his RE deals. He probably
did not pay taxes for 20 years from that one tax item. Most millionaires
are business people.
How are you fighting inflation?
The Fed may be raising
interest rates for The Don. Over time—say 20 years—you may be paying TWICE
as much for some things than you do now. Clearly health care costs will go up
by more than the current inflation rate of 0.3%, the new Social Security COLA.
Medicare Part B went up 4% for instance. TrumpCare will likely include the
higher premiums we found with ObamaCare. Providers won’t take a cut. Inflation
has shown a 3% rate in history. What is inflation? Let’s
go to the videotape. If you are not fighting it with your long-term money,
you are going to be in trouble. If you spend $151
a week on food, how will you find $300 a week in 20 years? Unfortunately,
Social Security and company pensions will not keep up. The GOP has vowed to cut
our so-called “entitlements”—SS benefits, Medicare, etc. Unless you believe
things will get cheaper from a global recession, you need to invest in the one
thing that has proven it can overcome inflation. If you have all your money in
your home, you can’t eat it. However, a blend of stocks and bonds has proven
OVER TIME to keep you from hunger and in your home and all the other things you
expect to have. A mutual fund with hundreds of different stocks and bonds that
have returned over 9% a year since 1970 is the Wellesley Income fund. Only
one down year—with 2 good years after.
GOP making new law to devalue some pensions
Representative John Kline (R-MN) wants to allow the trustees
of healthy multiemployer pension plans to switch
to new inferior plans that don’t provide guaranteed benefits to workers or
retirees. His bill would allow plan trustees to divert money from the old plans
to the new plans – increasing the chances that well-funded plans could fall
into under funded status, threatening the promised benefits of both workers and
retirees. The Kline “composite” will be attached to year-end funding
legislation that assures passage without workers’ lives being considered. Your
pension may be next.
Avoid GOP cuts in retirement benefits: https://www.amazon.com/Your-Pension-Box-tax-FREE-employer/dp/1481945157
Is health care a requirement for living in US?
Like air and water, we need them for living so they are
delivered by companies regulated to NOT gouge us on the price. Except health
care. You know that the rich live 14 years longer than the poor. A new
study proves that this has not changed since the middle ages. All other civilized
countries consider health care a necessity. Our recent scandal over EpiPen
$600 emergency shot for the young who suffer through no fault of their own. Do
you spend
all of your monthly budget for this lifesaver or let your kid go to the
hospital so your family can eat? In England
the same
medicine costs $69. It actually costs $30 to make and we add $6 profit: $36
is what we should pay in US. Someone or other is making a killing. If you are a
millionaire Congressman or you earn over $423,345 as a 1%er then $600 for Epipen is no problem. However, for most
of us, medicine is like water and air—a necessity that should not be exploited.
Can Trump make drugs affordable for the ‘forgotten’ family? He promised
to lower costs.
We overpaid for auto insurance coverage by $101 billion
A new study shows how we
overpay for auto insurance. Insurers offer better rates to their chosen niche
customers. You don’t know if you could be paying $200 or $300 less a year for
the same or better coverage because most people don’t think shopping is worth
the trouble. $300 a year savings is one way to add thousands to your retirement
fund. You can cancel the stuff you don’t need. Policies duplicate coverage.
Insurers try different niche segments looking for their best deal just like you
do. When you compare three insurers, you may qualify for some of the 20
discounts. But you have to ask for them: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Is the American future of tax cuts and deficit spending on
view in Kansas today?
KS state budget hole is $345 million and threatens the
foundation of this state, which was supposed to be the setting for a grand
economic expansion but now more closely resembles a battleground, with
accusations and lawsuits flying over how to get the state’s finances in order. The
yawning deficits were caused by huge
tax cuts, championed by Gov Brownback and the Republican-dominated
Legislature, that were supposed set the economy roaring. They
didn’t. GOP has cut schools, highways, and Medicaid health for the poor. The
state would thrive, Gov pledged, because the tax cuts would help keep
businesses and smart, young Kansans in the state, not fleeing “to Houston,
or Dallas, or Chicago or somewhere else.” “It will pave the way to the creation
of tens of thousands of new jobs, bring tens of thousands of people to Kansas ,
and help make our state the best place in America
to start and grow a small business,” Brownback wrote in 2012.
Trickle down econ has never worked. Bush II tax cuts did not
help recession.
Is America
doomed to repeat history with Trump?
Create your own financial foundation: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466
After 40 years, Vanguard’s assets grew from $11 mil to $3.5
trillion
John Bogle, the founder, receives letters from investors in
one of his index funds. His new idea is now the idea of the century: You can
beat the market by investing in it but at cost. DON’T PAY FEES. One of the
nicest was from an airline pilot who had retired. My advice
to all investors is just to throw their 401(k) statements into the wastebasket.
Don’t peek. Open the envelope when you retire and have a cardiologist
standing by, because you’re going to be totally amazed. “Dear Mr. Bogle,” this
pilot wrote me. “I peeked. And all I want to do is thank you.” Fidelity did a
study that showed that Bogle’s advice works: The Fidelity accounts that were most
successful were those of the dead and the forgotten.
Low-cost funds beat high-cost funds every period: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082
GOP rigs elections for years ahead
Federal judges in Wisconsin
ruled the state’s Republican leaders had unconstitutionally drawn electoral districts to “entrench”
their control over the state Assembly. If you are a Dem voter,
your vote is marginalized so Dems will never be represented by state lawmakers.
Like George
III, your rulers will not hear you because you have no representation. WI
will follow other states like KS, NC
in banning voter access, cutting taxes for schools, roads, and Medicaid. WI has
already decimated the public employees union. Trump found WI the perfect
state to show his strength. It had not gone red since 1984. When this
ruling is reversed by the new Trump Supreme, WI will like NC be able to exclude
voters from reversing this anti-democratic path. Voters have to pay for all
these GOP rigging costs. NC
has already spent $ millions to exclude minorities.
What is wrong with
this statement?
Trump said, ‘the
president can’t have a conflict of interest’
Already, foreign diplomats have been flocking to his recently
opened hotel in downtown Washington — and Trump noted to the Times that his brand is suddenly “hotter.” The
Foreign Emoluments Clause in the U.S. Constitution bars officials from
influence by foreign govt. The Don may use his status to further his interests
since his kids are running things now. The Don expects his mere verbal interest
in a project to yield favorable results. His partners
from India assume he will pressure India to solidify his projects there.
Could he deal with Putin if his Russian investments could suffer? The Don does
not like to be seen as humiliated. Can we be sure Don will put US first in any
dealings around the world? His illegal
use of his foundation and fake “philanthropist”
image shows we
can NOT trust him. I fear his lust for power.
Nixon said, “When the President
does it, that means that it’s NOT illegal.”
But Watergate was illegal and he
was impeached by Committee then resigned before the vote.
Fake IRS letter or email
The IRS says many people have gotten the bogus notices,
which usually claim you owe money for the previous tax year under the
Affordable Care Act.
- It’s
one of many IRS imposter scams that have popped up. As tax season nears,
we’ll see more. The good news? There are red-flag warnings that can help
you avoid becoming a victim. For example, the IRS will never:
- Initiate
contact with you by email or through social media.
- Ask
you to pay using a gift card, pre-paid debit card, or wire transfer.
- Request
personal or financial information by email, texts, or social media.
- Threaten
to immediately have you arrested or deported for not paying.
If you get a scam IRS notice, forward it to phishing@irs.gov
and then delete it from your email account. https://www.irs.gov/uac/report-phishing.
Real CP2000 letters ask taxpayers to make their checks out to “United States
Treasury” if they agree they owe taxes. If you get a letter, return it to the
address inside and ask for a “statement of your account.” If it is legit, you
will receive an answer. We never ask taxpayers for personal information via
e-mail or social media. You can try to call IRS to verify you owe: 1-800-829-1040.
We are entering the Twilight Zone:
"There is a fifth dimension beyond that which is known
to man. It is a dimension as vast as space and timeless as infinity. It is the
middle ground between light and shadow, between
science and superstition, and it lies between the pit of man's fears and
the summit of his knowledge. It is an area which we call the Twilight
Zone."
Rod Serling
THE TRUMP PROMISES
Deportation,
The Wall, Re-Create Jobs, NO Abortion, No ObamaCare, More Guns, No Muslems,
Reprochmont
with Russia, Christian
nation, Jail
Clinton, Kill Terrorists and Family, Torture, Cancel Iran deal, Cancel
EU-NATO, Replace VA head, Coal
Steel Infrastructure, End
drug monopolies, Tax imports esp Ford, Grow 6%, Cut Deficit, Cancel Consumer Protection Act, Cancel
Fiduciary Rule, Wealthy
tax break, No tax income <$50K, tax profits
sent overseas, Change
Washington, Change GOP, Change, Change, It was rigged! … so I would win!
Red
states limit Dem voting
The Don’s 1st test: Replace job paying $23/hr Carrier
move to Mexico—he promised.
CarrierMexico
will pay $25/DAY. Automation, computers, math.
He
made Carrier the poster child and “we’re
going to hold him to it.”
We want
change: “It could have been Captain Kangaroo and he
might have won.”
Actual outcomes: Dems
won by 2 million votes but GOP rigged it just like in 2000.
Trump
paid back students at his Trumped up U. $25 million and still made money.
Trump
has NOT sued any woman who claimed he handled her as he promised. All
13!
Deportations: “get the people that are criminal and have
criminal records, gang members, drug dealers, where a lot of these people, probably
2 million, it could be even 3 million, we are getting them out of our country
or we are going to incarcerate.”
NATO EU UN defunding: Weakening
NATO, EU and UN ties is Putin’s goal in regaining Russia ’s
superpower status. The Don has been flattered by KGB: no friend.
Trump kids
become national security advisors—get top-secret clearance. Giuliani claims
“they can’t work in the government
because of the government
rule against nepotism.” But they can use the information in Trump’s companies
and insider trading.
Ford
will still build $2 billion factory in Mexico but does not send KY jobs
there yet.
Fiat
building new factory for Jeep Compass in Toluca
Mexico
The Don will NOT show his tax returns or his
birth certificate. He does
not pay taxes.
The Don’s slogan “lock
her up” was just B.S.—a slogan to get audience fired up.
Propaganda
wins: 82% middle-school students could not distinguish between an ad
labeled “sponsored content” and a real news story.
The Don disavows white supremacists as
they give the Nazi Heil
Teas have finally
gotten their wish! Congress
President and
Congress are anti-govt but paid by that government (US ).
The Don’s “cabinet”
are scary
group
Jeff Sessions top law officer, was rejected
for judgeships by GOP because racist remarks:
Sessions had referred to the N.A.A.C.P., the Southern
Christian Leadership Conference and other civil rights groups as “un-American”
and “Communist-inspired.” An African-American federal prosecutor then, Thomas
H. Figures, said Mr. Sessions had referred to him as “boy” and testified that
Sessions said the Ku
Klux Klan was fine “until I found out they smoked pot.” He does not like the Voting
Rights Act and the stringent oversight it placed on Southern states. He
was rejected for a judgeship by the Senate in
Mike Flynn, national security adviser, thinks that Shariah,
or Islamic law, is spreading in the United
States (it is not). His
dubious assertions are so common that when he ran the Defense Intelligence
Agency, subordinates came up with a name for the phenomenon: They called them
“Flynn facts.” Flynn thinks Putin is an ally in fight against ISL. He
worked for Russia Today, a Kremlin TV network. He was leading chants of
“lock her up” against Hillary Clinton at rallies for The Don.
Mike Pompeo, CIA director, House Intelligence Committee,
gained prominence for his role in the congressional investigation into
the 2012 attack on the American diplomatic compound in Benghazi ,
Libya Iran
anti-nuclear agreement, Pompeo thinks we should “walk away from this deal.” He has
ties to the Kochs, the billionaire conservatives whose Koch Industries has
provided his funding.
Myron Ebell, EPA, is a climate-change denier who directs the
Center for Energy and Environment at the Competitive Enterprise Institute. The
group's website, SafeChemicalPolicy.org,
exists to downplay the health and ecological impacts of chemicals. “Pesticides
aren’t bad for you.” “Honeybees decline not linked to pesticides.”
Betsy DeVos, education, a billionaire
philanthropist with deep ties to the Christian Reformed community in Michigan .
She is known for reforming public schools by funding private schools (vouchers)
with tax money. Heir to Amway and Clinton Foundation donors, the DeVos said Trump
“does not represent the Republican Party.”
“ I
am the only one who knows who the finalists are!”
Like mafia family, The Don has never had a boss, no
corporate board to question his acts!
Do-Nothing Congress will
decide US future by doing
nothing for more 4 years.
Axmen: Kushner, Giuliani, Sessions, Carson, Russian
Manafort, cabinet
Enemies
List: Clintons, Ryan, Graham, Cruz, Rubio, Bloomberg, DeBlazio, Gold star
Kahns, NYTimes, NYPost, WashPost, Univision, Megyn
Kelly, judge and claimants in Trump U. case, women accusers, Trump
canceled brother’s insurance, Christie (for humiliating
Kushner dad in 2005), Christie
sued over shutting Fed property.
Tolerance is un-American now? http://www.cnn.com/videos/politics/2016/03/12/donald-trump-rallies-violence-protests-mashup-lv.cnn
Regulators are the only protection we have since we
can’t sue anymore
Is it legal
or ethical to let foreign visitors think our President swayed by using his
hotel?
Access Funding caught deceiving
lead poisoning victims out of settlement payments.
8 brokerage firms caught selling L-share
variable annuities with expensive minimum- income
and withdrawal riders with do not provide good value to seniors.
Sienna 2011-2016 sliding door
could open while driving if door operation is impeded.
Wells
Fargo pushes suing customers into cheaper “arbitration” instead of court.
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
GM
killed 124 because ignition switch pin not replaced after knew it killed
first in 2006.
Police want gun control.
When everyone has guns; your
chance of being killed goes up. Police don’t know who to
shoot. They assume everyone has a gun hidden. You and real criminals both have
guns.
Protect police with your
gun: Passerby
shoots suspect who’s beating sheriff in traffic stop
Police organization
issued a formal
apology for the historic mistreatment of minorities.
Ignoramus Award: Global
warming is hoax, says Prez so why is Miami
garage flooding
Catholic Church in Rwanda
apologized
for the church's role in the 1994 genocide: “Church members planned, aided
and executed the genocide, in which over 800,000 ethnic Tutsis and moderate
Hutus were killed by Hutu extremists.”
How our government wastes our money
Each
round for Navy ship costs $800,000 so Navy can’t afford more ships or ammo.
Where have all the jobs gone?
Hydrogen
may power electric plants using new workers
Who owns your account now?
IAN
41 Watchung Plaza, B242
973.746.2014
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