Easy Emergency Fund Options

How can you make an emergency fund?
My clients used many methods to have cash available when they needed it. Some strategies are just not possible for some folks. Of course, if you have a large Wealth Reserve, you already have your money for any contingency. I made mine by saving on all my insurance, mutual funds, brokerage, and banking costs. The other options: HELOC, CC, liquid 401k, brokerage stocks, CDs, IRAs, high pay job. Several obtained a Home Equity Line of Credit from their bank. They have $100,000 loan they don’t use which is backed by a 2^nd mortgage on the equity in their home. It cost nothing to set up. Use it to make upgrades to your home and the amount borrowed is tax-deductible. Another group has tons of credit cards they keep in check so charging a couple of thousand is no problem. Unfortunately, a few think their 401k future nest egg can be cracked anytime. They would need to invest 5 times their withdrawal to make up for the Miracle of Compounding they gave up. Some have been playing the market and can easily cash in enough stocks to pay for an emergency. If they sell a stock that has not done well, they may take a deduction too. Most clients use CDs for their emergencies even if it costs an early penalty. It’s tax deductible too. IRAs are not like a 401k loan—whatever you take out will cost you taxes and sometimes a penalty. A loan shark’s loan would be cheaper than giving up your future. Obviously, some people make enough money that they don’t need cash sitting around earning 1% a year. They could get a bank loan with one phone call. Finally, my choice when we recently needed a new used car: $12,000 HELOC loan at 3.5% put me into a 3-year-old Camry, made right here in the USA’s Georgetown, KY. I didn’t have to touch my Wealth Reserve still growing to $1 million.

https://www.amazon.com/Your-Wealth-Reserve-Save-year/dp/107028288X

Which annuity is right for you?
An annuity in its simplest terms is a string of benefits. Lottery winners often have a choice: annuity or cash. Last Saturday’s $344.6 million Powerball jackpot winner was Charles Jackson. He claimed his prize: cash option of $223 million or 35% less. Jackson will have almost 50% taxes taken out. If Jackson took the annuity, his annual total would increase over the next 30 years. Annuity ‘certain’ means his heirs would receive the annual amount if he dies sooner. You have the same choice with your nest egg. For example, $100,000 buys a monthly benefit of $549 for a 65 year old male. If you want your heirs to receive the rest of your annuity if you die early, you can pick life--10 years certain. Your benefit is $553 monthly. You could chose to receive $941 monthly for just 10 years and then buy a new annuity with your growing nest egg. This way you can keep up with inflation since $549 will be worth about HALF that in 20 years.

Consider all the payout options: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/B01K94403E

Value over price

Warren Buffett has maintained his rep as one of the greatest investors of all time because he knows the difference between price and value. His teacher at Columbia, Benjamin Graham, said that we should buy securities like we buy "groceries, ... not perfume." It is like buying a Land Rover or Volvo—expensive AND the most UN-dependable cars available. Only outdone by cheaper Fiat, they cost $87,350 and $68,000.  Accumulating wealth requires that we buy value--quality at the right price. We want to avoid the two KILLERS of building wealth--fees and taxes. We pay high fees and taxes from security turnover by assuming our advisor is adding value: higher price because better performance. But a recent study shows that most advisors use standard portfolios. And the performance is horrific compared to the boring index: 3.79% vs 11.06%.

Buy value not hype: https://www.amazon.com/Buy-Value-financial-services-groceries/dp/1489513078

Need a graduation gift?

The greatest gift you can give is financial knowledge. No matter how much your young graduate makes, it is up to YOU to show them the Buffett investment strategy. Make sure they can make and manage money. At my first job, I had no clue which investment to use for my 401k contributions and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities’ licenses. If I had followed their advice I would have ended up with about $150,000 instead of a Wealth Reserve of $877,233 about 33 years later.

YOUR choice: https://www.amazon.com/Give-child-leg-up/dp/1096505355

Is your advisor giving you their ‘Best Interest’ or Fiduciary advice?

Your brokerage firm is rejoicing with the recent decision: SEC has downgraded the client treatment rules just for them. The issue comes down to this: Brokerage owners need profits and you have the money. You can pay more for their facilities over time or you can pay a planner only when you need a full plan. My family CFP got paid for a comprehensive plan that shows how we can pay our bills for the rest of our life using the Vanguard funds we’ve built up for years. The SEC terminated the Fiduciary Rule to make brokerage happy. Brokerage sells products and if they don’t hurt you, that is in their ‘best interest.’ Helping you reach your goals is NOT "solely incidental" to you even though this is the exception brokerage uses to NOT do the right thing for you. How is putting a 90 year old widow’s nest egg into an annuity the ‘right’ plan. That model is not the best for you. Your financial picture is not helped by giving up 63% of your total possible accumulation during your working years. That is the effect of paying 1-2% of your nest egg as it grows over time. The DALBAR study shows a shocking 3.79% average earnings in investor’s managed equity accounts over time. You deserve the Fiduciary Rule which requires sellers to put your profits ahead of their profits.

Hey, it’s your money: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Where have all the increases in productivity gone?

In 1978 our boss made 30 times our salary. Now, the average CEO pay is 271 times the nearly $58,000 annual average pay of the typical American worker, according to a report from the Economic Policy Institute. We were promised that we would not have to work as much since the value of our use of automation quadrupled our output over previous generations. In 1981, I worked with an outside company’s computer programmers to automate our data capture and reporting system. We saved thousands of man hours of hand-tabulating and writing reports. But I and the 50 or so of my staff were not rewarded. Instead I could not fill positions of retirees. Instead of training our folks to handle the data process, management outsourced it until the ‘systems people’ handled everything. This process has been repeated thousands of times in America. I left because I found a better-paying job. My staff had no updated skills so couldn’t leave. Their salaries have stayed the same given their 1-2% COLA increases. Are the CEOs smarter now or have they just updated their skills—learning how to consolidate many firms—creating fewer firms; employing fewer people. Learning that customer inquiry can be handled by a group in India for a whole lot less than the 50 experienced people here. Since 1978, CEO’s have seen a 937% increase in earnings. That salary growth is even 70 percent faster than the rise in the stock market. Are CEOs 271 times smarter than us? “CEOs are getting more because of their power to set pay, not because they are more productive or have special talent or have more education,” says this report.

Use the power you have: https://www.amazon.com/Working-Millionaire-Tax-FREE-Self-insure-Self-fund/dp/1460945484/

Is your advisor honest? Truth in financial selling

Advisors are sales people. The firm decides the products and price you are offered. How do you know their product recommendations are the best for you? Do you know what the product is worth to the advisor? Is the firm licensed to sell this ‘great deal’? What other options are available? Could you negotiate your advisor’s charges? Do you know all the good and bad about this product? Does your advisor share the product experiences of others? What happens to your account if your advisor moves to another firm? Does your advisor explain the tax consequences of this product in future years? What happened at your advisor/broker’s last firm to make them leave? How do you know when you are overcharged? Does your advisor speak ‘financial jagon’? What does __ mean?

Learn the tricks before it’s too late: https://www.amazon.com/Avoid-Scams-Brokers-Advisors-Sender/dp/1726328023

$$$$$$$$$$$$$$$$$$$

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

Today Trump changes his mind about raising prices on all food, cars etc from Mexico.

US to Send 1,000 More Troops to Poland: 5,000 troops to scare Putin?

After doing nothing for years, millionaire Congress wants a raise: already rich want more

GOP halts funds for election integrity: no voting machine ‘hacker-blocks’--paper ballots?

IRS says OK to discriminate against NJ homeowners: Trump decides who pays taxes

Defense Dept not allowed to protect bases from climate changes: Words actions banned!

Arming both Israel and Saudis etc is asking for another war: Can Congress block sales?

WA state allows personal use of drugs: empty jails or cost more later?

SCAMS/SPINS:

GOP pays to put ‘citizen’ on census even tho Constitution says ‘people’: democracy??

Govt study says catastrophic climate change unless extensive fixes started.

GOP will take foreign govt help (info, money) to win elections: not illegal if prez does it? 

Jared Kushner caught using foreign tax-haven laundered-money to invest tax-FREE.

Catholics to discuss their child abuse and accountability AGAIN: dodge the law?

Religious leaders, above the law, want to control abuse reporting to legal authorities

SCAM: undelivered email being held for you—don’t click link

Dollar General caught charging more at register than shelf price list.

iTunes split up causing scammers phish for our password

Insurance agents caught rolling 401k retirement money to annuity: it’s illegal so cancel.

When NOT to file a car or home claim: It may cost you more than it’s worth!

WalgreenBoots taking health benefits from retirees before Medicare kicks in.

WellsFargo returns $386 million auto ins premium customers never agreed to give.

Leon Vaccarelli, CT caught money laundering in a Ponzi scheme 

Glenn Mueller Northridge caught selling fake promissory notes & limited partnerships

Nina Jessee, Cetera caught doing outside business, not cooperating with its investigations

Kimberly Kitts MA caught stealing $3 million forging signatures, fake statements –jailed

Jovannie Aquino, Windsor Street Capital caught churning clients' accounts—defrocked.

Brokers can’t call themselves advisors anymore: SEC rules against this marketing tool

Sites sell your data: mymoneyblog.com/list-scary-personal-data-websites-opt-out.html

Genetic testing: misleading and misunderstood prognostication.

Balance or out of network surprise billing: challenge any who you did not pre-approve.

LA state run health insurance to combat ObamaCare: ‘high risk pool’ cheaper?

WI GOP courts reinstate Scott Walker bias laws that voters threw out: Model for all US?

Jobs:

Are you still getting low wages with the employment rate low? Won’t get better than this

Average employer 401(k) match reached 4.7% this year: new high will last?

Who owns your account now?

CO health plan may expand and lower costs of ObamaCare: model for US?

CA to shore up Obamacare: State fills in gaps created by GOP.

TrumpCare health insurance turns out to be junk insurance leaving us with bills

Monopolies raising health care prices throughout the systems of care: no competition.

HELOC or Home Equity Loan: Pros & Cons which is right for you!

Where are your old employer 401ks? Frozen in bankruptcy? Never leave it with others.

Amazon owns your talk, voice print, ideas: You can’t delete: Big Brother is here

Miracle:

AZ law protects seniors from financial abuse but gives advisors immunity.

Police checked on elderly who had no one to cut grass: small town life

Who are these kids who saved the life of a neighbor? They’re your next door neighbor.

Mr Smith goes to every state to help vets, disabled, single moms cut grass. Helping folks

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

How is your 401k?

How is your 401k?

Fidelity published the average balance by age. Each of us is at different financial stages so averages don’t mean much. Most of us have SS benefits to add to our total. The average benefit today is $1,342 a month which will increase by a COLA if Congress passes an increase each year. The average monthly income that could be produced from the balance for a 65 year old ($200,000) is about $700 a month in today’s purchasing power. Unless we plan on receiving a pension of sorts or working longer, $2,000 a month from each spouse may not be enough. Plus, we all know that you can never have too much. We need to consider how we can improve our situation with tax-FREE savings. This parking lot attendant did it by following his Mom’s advice.

Now we can create tax-FREE income: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Why are wages the same as in 1985?

Inflation over the last 40 years has left most of us with the same Buying Power as of 1985 down from 1968. What happened? Automation and technology have left many jobs on the ‘shop floor.’ In 1985, as manager of about 40 people, I oversaw the computerization project of our entire process. My 4 assistants could make decisions immediately from weekly reports that told us what was happening (and wasn’t). Within 10 years, every change or entry made by now 20 staff since those in the field entered data once on a network computer and not reentered by my office staff. In my next job, I got the suppliers of our products to make the data entry. They streamlined the process so there were no more paper copies of customer contracts to be signed or filed. In my next job, most of the data entry was by the customer and by scanning bar codes. I no longer had a receptionist/secretary. I could run meetings and consult with direct reports by phone anytime day (or night, in a pinch). Meanwhile, my salary and bonus were doubled and my boss’ quadrupled. Today CEOs have compensation 500 times that of line workers—up 1,279%. The value we created per person using machines provided gains for senior execs and stockholders. Buying Power wages have not changed. We work 2 jobs.

I use an IRS-OK tax-shelter to keep more: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

Can we afford NOT to have Medicare for All?

The rate of bankruptcy has increased 204% since 1991 often because of health care costs. This 87 year old is going to be in the truck next to you in order to pay his wife’s medical bills. Is this what we want to do in retirement? There is enough money in America to pay for health care! It’s just sitting in the accounts of the top 10% fellow Americans trying to pay as little tax as possible. For instance, some of the Billionaires are paying only 17% total tax—about HALF the amount of the middle-class worker. Mitt Romney and John Kerry paid less than 15%. Most of the highest net worth Americans are paying a fortune to lawyers to reduce the amount they pay every year—using legal and illegal means. The IRS just gave the wealthy with money overseas a discount on their taxes if they declare with the Offshore Voluntary Disclosure Program. Trump and the GOP have proposed letting the wealthy delay paying the RMD tax. They allowed “junk” insurance to be sold which is cheap because it does not cover all expenses. The GOP continues to pay socialized supports to the oil gas agriculture and mining industries. So America can afford it if we chose: https://www.amazon.com/Americas-Socialism-for-Rich-only-little-people-pay/dp/1535218584

How can you avoid SCAMS in financial services?

Wall Street is a ‘war’ zone! We must enter this war zone with the protection of knowledge. We could lose all our lifelong savings in one trade. Brokers and advisors have weapons that can 'kill' us financially. They are hidden behind lies, exaggerations, obfuscations and straight-out fraud like faking our signature. Half-truths and our assumptions and greed are also at play. These are our 'soft' underbelly targets. There are warning signs but most SCAM situations require us to be knowledgeable and to check every move. My first day as a manager at a security firm I was told: ‘brokers are [car] salesman.’ Our future life is at stake and yet we give strangers our money so easily.

Take Buffett’s advice: https://www.amazon.com/Avoid-Scams-Brokers-Advisors-Sender-ebook/dp/B07GZ1WSP1/

Wealthy take a dive into CLO again: mortgage loan disaster taught us nothing!

The superrich pouring $ millions into collateralized loan obligation. CLOs means possible bank failure again. They are after the possible double-digit returns. But dissenters have raised questions about whether the frenetic pace of sales is spurring reckless behavior just as the prospect of an economic downturn looms over an increasingly leveraged corporate America. Yes, history could repeat itself when you transform riskier company loans into bonds of varying risk and reward and then promote them with “every smart rich person owns them.” One promoter says “you only have issues if … you have losses.” Yes! These sub-investment-grade rating loans are mixed with equity so they may pay better if you wait. Returns on CLO equity can range from 12% to a remarkable 20%, standing out in credit markets where corporate bonds have delivered little or negative returns this year. Banks think they understand the risks just like last time. Remember we taxpayers had to bail them out—even foreign banks—and that makes bankers ‘adventure’ capitalists for FEES.

Protect your investments in a tax-FREE trust: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

We are paying an extra $14 billion a year in broker fees thanks to Trump

New report compares the fees we pay under Obama’s vs Trump’s fiduciary rules. The report examines the stock prices of 36 publicly traded brokerage, mutual fund and life insurance companies, finding they lost a total $14 billion in value as a direct result of the Obama fiduciary rule. It mandated that sellers offer the ‘best’ product to retirement account clients. “The profitability and value of investment firms is reduced by the inability to collect conflict-of-interest fees." In other words, firms did not receive $14 B in fees from us on our money during the Obama period. Obama saved us about $17 billions a year. This was mainly annuity commissions which are definitely NOT products in your BEST interest but in the firm’s best interest. Firms have plenty of costs that must be passed on to us one way or another. 

Avoid their fees: https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

Will you owe tax penalty in 2019?

Trump’s new law is effective in 2018. If your property tax or state income tax is over $10,000, you are going to owe more because you can’t deduct these taxes anymore. If you are used to deducting employee expenses and 9 others, you may also owe. The IRS notice 182 says you may have a penalty if you owe more than $1,000 next April. Individuals, including sole proprietors, partners and S corporation shareholders, may need to pay quarterly installments of estimated tax unless you owe less than $1,000 when you file your tax return or you had no tax liability in the prior year. Other taxpayers who may need to make estimated payments include someone who:

• has more than one job but doesn’t have each employer withhold taxes.
• is self-employed.
• is an independent contractor.
• is a representative of a direct-sales or in-home-sales company.
• participates in sharing economy activities where they are not working as employees.

Make estimated payment by Sept 17 with Form 1040-ES page 11.

Start your tax shelter now: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Insurers want to put annuities into 401k for more fees

Pro: They argue that annuities are the “only savings vehicle that carry a guaranteed, contracted, lifetime income stream, outside of Social Security and pension benefits.” Con: 401k accounts already delay taxes on the gains. Annuities costs are high compared to the alternative—IRA which also delays taxes. The IRS already mandates a lifetime income stream. It is called an RMD calculated by your IRA trustee who doesn’t charge for this service. IRAs are protected from creditors like annuities. The guaranteed benefit misses the point of having income for life. The income is usually cut in half because of inflation. You may begin with $1,000 a month at age 65 but it will buy HALF the goods you need by age 85. 401k accounts are run by your employer meeting certain fiduciary standards. Annuities are not. To guarantee a lifetime income stream is a process best left to an experienced planner over time so you can make adjustments to your investment mix as needed. Annuities protect insurers not you.

Don’t give up 3% annuity fees: https://www.amazon.com/NO-Cost-Annuity-Years-Income/dp/1508487308

Where is your increased income?

Census says: Middle-class income rose to the highest recorded levels in 2017 and the national poverty rate declined as the benefits of the strong economy lifted the fortunes of more Americans. The median U.S. household earned $61,372 last year, meaning half of the families in the country brought in more income than this and half earned less. But the nerds say median income last year was not statistically different from 1999 or 2007. A change in methodology in 2013 makes precise comparisons difficult. All the income figures have been adjusted for inflation and are reported in 2017 dollars. Here is the rub: “The extra pay from having another person in the home working is the largest factor contributing to the increase in income.” Our wages did not go up! We are just working more hours. Americans living in official poverty stayed at over 12%. Remember, earned income is the Gross number not cash in pocket. Our health care costs went up. Fewer people can afford a house or rent because property costs have ballooned. Young people with school loans went back home since they can’t afford the basics of family life. And the worst is yet to come: Who will pay for the $1.3 Trillion deficit this year? Not the wealthy! Most of the tax breaks mean they will pay less in the future: $21.3 Trillion.

Avoid their taxes legally: https://www.amazon.com/Pay-No-Taxes-in-Retirement-legally/dp/1507527977

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

Make America, “The Don”, Great Again

Senile Psychosis

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

McGahn is ‘lodestar’: Told Trump ‘NO’ - saved Mueller!

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

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

Trump keeps 177,000 troupes in Syria, Afganistan, Korea, Germany, etc etc. $700+ B.

Trump follows Putin lead to raise retirement age—‘Save’ SS by cutting benefits-old song

Trump EPA to allow more methane to heat up the atmosphere for more hurricanes/floods.

Trump subpoenas every NC voters’ records--20 million to stop votes for Dems. NC: NO!

GOP still not reform flood insurance: Florence hits east coast. Trump to help whites more

SCAMS/SPINS:

Don’t fall asleep in class: Student got tasered for falling asleep in class in Smithville OH

Drug companies say hospitals jack up prices of drugs in hospital 500%. Hospitals say …

Paltrow ordered to stop making false claims for her Goop stuff.

GM recalling 1 million trucks/SUV for power steering faults.

MyPillow told to stop making false claims for his stuff. Fine $1 million; still false claims.

Neurolumen sued for false claim on PTSD, MS, fibromyalgia pain.

Stream’s deceptive marketing of business opportunities attacked as false.

Doctors give out opioids like candy— no diagnosis no reason—except drug firm money!

How is 2,975 dead in Puerto Rico an "incredible unsung success"? Trump takes $10 mil.

SII caught failing to supervise sales of high fee illiquid real estate investment trusts. 

Barry Honig & others caught in microcap “pump-and-dump” schemes taking $27 million

Edward Daniel lost license after 41 years: unsuitable investments 2011 and 2015.

BB&T caught hiding wrap fees--overcharging clients $635,535; not disclosing conflicts

Cadaret Grant Co caught selling leveraged oil-linked exchange traded note & annuities

Luke Eddy MA caught impersonating client and forging her signature.

Market timing is back in vogue: Stock sellers like August trading for a change.

Emil Botvinnik Jovannie Aquino caught trading $3.6 mil client loss --$4.6 mil fees.

Citi caught overcharging retirement plan and charitable organization customers.

Timothy Ayre MA caught selling HempCoin an unregistered cryptocurrency security.

GPB Capital Holdings illiquid private placements investigation by MA: 4,000 at risk.

FUTURE INCOME PAYMENTS sued for claim “not a loan” when are loans hi interest

Jeffery J Kelly caught failure give docs re: unethical behavior so barred from industry

Insulin prices doubled to pay for CEOs $ millions pay packet

Health care scams double: low-cost Trump plans offered—premiums buy no coverage.

SS scam: fake SS official asks for info or tells you to send gift card to reopen account

TX cop kills neighbor in home—I thought I was home. Door Keys? Wrong Floor?

When we all have guns for ‘protection,’ who will police shoot first? Safe in your home?

               police shoot owner who already shot intruder. Kids will have plastic killer guns?

Jobs:

Prepare for a good job: 25 jobs trending to $100,000 plus

Health care hires thousands per week as more in Medicare plus new procedures

Work at home scam or real gig? 10 jobs to try for experience and money.

Ford cancels production move from China to US: no profits on Focus built here.

Poll: 2/3 people think automation will eliminate jobs for ordinary folks soon.  

How many more decorated national security officials alienated by Trump?

Who owns your account now?

Ohio National stops selling annuities: "It's a declining market," expert says.

Home or Rent: A challenge and the duplex solution.

Retirement accounts target of cyber crime: protect your account.

ACA in WV provided health account for 189,000 uninsured: don’t know its ObamaCare

Miracle:

Ruby slippers located in FBI sting: $1 million insurance finder’s fee.

Uninsured for health falls again from 48.6 million to 28.3 million Americans

IAN

41 Watchung Plaza, B242

Montclair ,  NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Why no banker went to jail for crash of 2007

Why has no banker gone to jail for the 2007-8 financial crash?

It appears from one retired SEC employee that the staff feared prosecuting Goldman, Paulson and others. One former employer believes that the big banks had “captured” his agency—that is, that the S.E.C., which is charged with keeping financial institutions in line, had become overly cautious to the point of cowardice.

According to one writer, in late 2006, when the hedge fund Paulson & Company asked Goldman Sachs to create an investment that would pay off if U.S. housing prices fell. Paulson was hoping to place a bet on what we now know as “the big short”: the notion that the real-estate market was inflated by an epic bubble and would soon collapse. Goldman created a vehicle of mortgage bonds which it sold to a German bank. Paulson spiked the vehicle with bad bonds so Paulson could not lose. Wall Street likes sure bets and this was a big one using deception and hubris.

We can’t beat Wall Street traders because we aren’t inside: http://www.amazon.com/Nothing-Way-Seems-Wall-Street/dp/1492752916

IRS to be eliminated in 3 years

GOP is pushing bill to end IRS after cutting $1 billion in last 5 years. Audits limited by 17,000 layoffs. Teas want revenge after reports their orgs were targeted for review. GOP has no alternative to collect taxes but Dems have bill to automate tax reconciliation so we receive refund automatically. NO paperwork needed.

Open your Tax-FREE account today: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236

FEES are FALLING for millennials

Fees fell to 61 cents from 73 on every $100 of invested assets. The decline doesn’t mean that investment firms are cutting fees for actively managed funds. Rather, it reflects a shift to passive funds, both mutual funds and ETFs, with lower expense ratios, many of them run by Vanguard, the world’s largest mutual fund company and a pioneer of low-cost investing. Vanguard is owned by its shareholders so your costs for passive and active investments are that of the owner. If you pay 2% a year total, over your lifetime, you give up 63% of your earnings to the owner of your funds. Earn 10% not 3.69%.

It is your money to give away or keep: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

GOP Religionists to remove OK doctors from women’s health clinics

OK will terminate doctors who do abortions in their clinic practices.  “Oklahoma politicians have made it their mission year after year to restrict women’s access vital health care services, yet this total ban on abortion is a new low,” Amanda Allen, senior state legislative counsel. Doctors are already in short supply in OK and this will make it worse. “If we take care of the morality, God will take care of the economy,” the bill sponsor said. OK to turn back time to the 1950s moral climate.

TN has made it legal to let mental health counselors to refuse to treat patients based on the therapist’s religious or personal beliefs. So pledge to ‘heal the sick’ has caveats.

Religionists think that if they ban doctors, they ban abortions, they ban sex education, they ban contraceptive devices, they can ban sex for unreligious purposes. 

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: I can play any part needed in this live TV “reality” show called “Election 2016”

            I will testify that my U diploma is great and a bargain in RE deals

            I tricked FAA so I could keep my “ride” and not have to fly with my voters!

            My new advisor, Manafort, is real dealmaker too—Rap sheet is extensive!

Ted: I am hoping Carly can fix my campaign better than she fixed HP. Forget fake video!

            Boehner didn’t really call me “Lucifer in the flesh” and “miserable son of a bitch.”

Paul Ryan: No budget deals and Teas want more cuts of benefits so I punt.

John: I can eat whatever I want. I campaign wherever I want. Deal? I am the way.

Hill: Tea party founder Koch Industry can support Clinton over GOP picks

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

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!

CIA contract psychologists, Mitchell Assoc. sued by their victims for torture effects.
.Guns kill people: PA dispute in church ends with gun—killing ends ‘talking it out’!

.Pressler & Pressler, New Century Financial caught churning out deceptive debt lawsuits.

.London-based Fiat Chrysler recalls million vehicles because they can roll abruptly.

.Measles back in TN and containment challenge. Not immunized—religionists?

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

Supremes feel politicians helping donors with favors is OK

VA Gov conviction for corruption was not fair, they think. All politicians do what McDonnell did—provide favors for benefactors. That is what gov is all about. “For better or for worse, it puts at risk behavior that is common,” said Justice Breyer, who along with Justice Roberts suggested that the federal corruption laws are so vague that they might be unconstitutional. There’s a Gov in AL, one in LA and one in IL who want out too. Most Gov are more subtle and indirect like NJ Christie. He gave state pension money to his supporters so they could take $ millions in fees for ‘managing’ a lack of growth over time. For instance, Treasury records show that, three years ago, the hedge fund Third Point LLC received a $100 million pension investment from Grady’s state investment council. The investment came a few months after Third Point's founder and CEO Dan Loeb gave $400,000 to the Republican Governors Association. Campaign finance records show employees and political actions groups affiliated with firms managing New Jersey pension money have given more than $7.1 million to the RGA, headed by Christie. His hedge fund friends have lost significant earnings over the past 5 years.

Supremes could respect jury system that sent Govs to jail

How our government wastes our money

We spent $81 million to devise torture that CIA used to get secrets—it FAILED

SCAMS

Finally, our Cyber Command to launch attacks against ISIS for the first time. But to use       the intel is to limit the source’s future, as in the WWII Enigma story.

VW buyback plans but what about Audi, VW, Porsche, ‘clean’ diesels that cheated too?

            Mercedes, Nissan, etc next?

Who owns your account now?

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Did your “representatives” give YOU a tax break?

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

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

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

Succeed in this angry American decade

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

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

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

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

Why are women better investors than men?

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

2014    13.80%

2013    32.43

2012    15.88

2011      2.07

2010    14.87

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

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

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

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

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

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

Does our President need to be rational and truthful?

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

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

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

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

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

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

            “I will shut below average schools”

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

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

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

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

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

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

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

            “It is nearly impossible for one individual to take on a corporation with vast resources.”

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

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

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

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

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

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

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

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

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

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

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

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

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

HOW CONGRESS WASTES OUR TAX DOLLARS

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

SCAMS

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

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

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

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

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

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

Who owns your account now?

Deutsche Bank private-clients to Raymond James, 

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

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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