What is the New American Retirement System?

 

Best annuity for your retirement

Some annuities cost you nothing and the benefit increases automatically without you paying more premium. Some annuities are tailored to your age so that you receive more later and less earlier. Some annuities cost a lot. Some require no extra payments. Some annuities can provide a growing benefit and still provide a lump sum for emergencies. Some annuities provide a benefit only—the beneficiary cannot surrender the remaining principal. Some annuities are tied to an underlying high-cost variable account. Most annuities cannot be cancelled. Some annuities provide a periodic benefit for one or two lives. Some pay a benefit for a certain time period. Get the right one for your lifestyle.

https://www.amazon.com/Your-FREE-Annuity-Stream-Lifestyle/dp/1497438616

 

 

What is the New American Retirement System?

Protect your family and assets with your financial wealth. Borrow from your System to pay for large purchases. Buy whatever you need without going into debt to others. Self-insure manageable risks—invest the premiums saved. Buy financial services wholesale--save $3,000 a year. Manage your System in 1 hour per year. $2 million can produce $160,000 a year in retirement. There are no taxes either.

This book will show you how to:

Create a $2,000,000 tax-FREE Retirement System.

Use the best legal tax shelter: no taxes . . . ever.

Tax-favored over a 401k even with 6% match*

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

 

Retirement savings amounts very skewed to the wealthy

The average account balance was $141,542 for 2021; the median balance was $35,345. This disparity means that a small number of plans with very high balances skews this often-quoted average upward. The American middle class has a difficult time saving for retirement with low wages, high inflation and increasing housing expenses. Not everyone is benefiting from the tax deduction for contributions since many small employers do not offer 401k plans. The self-directed IRA requires starting early to obtain the maximum benefits of tax-favored savings. Very few high school curriculums offer a tax-benefit IRA course. It is up to parents/grandparents to get their offspring started on the journey.

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

 

Is a money market account right for you?

This account, available at most financial institutions, is favored by anyone who says, “I don’t want to lose money in the market.” For instance, Vanguard Federal Money Market Fund’s investment objective is to seek to provide current income while maintaining liquidity and a stable share price of $1. However, maintaining a stable share price of $1 means that you cannot keep your purchasing power over time. Thus your money is not ‘safe’ and over time, your $5000 will buy less than it did before. Yes, you will earn interest but you will also owe taxes on any gain. A bank savings account may be a better vehicle for short-term savings. If you are saving for retirement, a ‘safer’ place for your money is a balanced (stocks and bonds) mutual fund. Over time you gain part of the positive market return in the form of share price rising and also stock dividends paid and bond interest earned. Some of my readers use such an account for their emergency short-term needs since they have accumulated quite a balance over time. “Borrowing” $5,000 from their $250,000 balanced mutual fund like the Vanguard Wellesley Income Fund costs them little. That $5,000 may be repaid to their account in a year or their gains on the $245,000 in a year may be enough to cover it. Remember, “never bet against America.”

Use Buffett’s strategy: https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

 

Why investing the same amount of dollars each month is important

Smart investors have learned the trick of investing to accumulate the greatest number of shares with the same amount of money each month. Over time, you receive fewer shares when the price is too high and more shares when the price is low. You are buying without overpaying for shares. Last December, for example, shares were expensive so your monthly investment of $250 bought one share of Vanguard Health Care Fund. But in June 2022, your $250 bought 1.358 shares (shares were cheaper). In this way, if you had started buying shares 10 years ago, your $250 would have purchased 1.689 shares. You can see that over the last 10 years, you would have more than 200 shares not 120 shares at the higher price. In 30 years, with more shares and the share price appreciation (dividends and increased value), your $250 a month investment may be worth over $500,000. This strategy is called ‘dollar-cost averaging’: you buy low and accumulate more shares. Over time, shares worth more. And you can make it all tax FREE.

https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

 

 

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

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trump engaged in a "criminal conspiracy" to stop Biden

 

“I don’t f—ing care that they have weapons”

 

Trump was “detached from reality”

 

Trump used mafia-style intimidation on the defenseless

 

Parscale: “a sitting president asking for civil war.”

 

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

 

GOP fascism: “RINO hunt armed; no bagging limit” J6 comm threat

 

Trump’s Supremes END personal rights & state laws except for weapons WMDs

 

Fascism: GOP to stop women leaving state for abortion

 

It’s not a court. It’s a junta: Two Americas

 

 

Nov 8 2022 Trump’s “national revolution”

 

 

 

How Govt wastes our money:

Drug makers win: threat to Congress: price controls not set, drugs not created for us  

We are going into debt to pay oil’s record profits for gas and food: Exxon sets records

Few profitable corps pay 15%: Congress gives loopholes, subsidies: we pay 30+%

We pay salary; Congress makes fortune on insider information: we go to jail for same 

 

Nebraska teen and mother charged with aborting and burying fetus: America’s future?

Manchin limited EV cars to slow change from gas: climate to get worse

Sinema saved wealthy taxes in Inflation Act to keep funding from hedge fund owners

 

Like mob boss, Trump takes the 5^th : can’t ‘self-incriminate’: NY AG proved fraud

Of course, FBI will take back stolen US secret documents: felony to steal US secrets

 

SCAMS/SPINS:

Suit outcome depends on his lawyers not justice: Alex uses his $45 millions to appeal

TX GOP taking lessons from dictator on migration and marriage and hate

GOP votes to let drug makers charge unlimited price for insulin: not pro life for illness

Informant tells where stolen US secret nuclear documents hidden in GOP HQ

 

“Insanity: doing the same thing over and over and expecting different results.” 2020 vote

 

NC schools to pack AR-15 instead of waiting for Sheriff Buddy Harwood: 30 rnd/min

GOP denies election valid then claims win: supporters have lost their minds

GOP claims Biden uses Gestapo tactics: now they feel what it was like under Trump

GOP terrorists "tailgate" primary ballot boxes. This voter intimidation in red states. 

 

IN drug firm moving jobs out of IN to keep, attract more diverse staff: pro choice

Tesla caught false advertising: false claims on capability of autopilot

SPIN:“Dietary supplement is not a substitute for a healthy, balanced diet,” study says.

RECALL: Lyons Magnus issued a massive recall for 53 different drinks a 

Complaints: 2020 Ford recall front brake hoses rupturing prematurely adequate?

 

Lee Weiss PA caught advisor fraud related to a Ponzi-like scheme: fine 5 years prison

Hello Digit caught used faulty algorithm caused overdrafts and penalties for customers

SCAM: So-called wrong number/text: you get engaged and they pop you for cash

SCAM: PayPal invoice scam: give password to clear wrong debit and they pop you

 

Rent-A-Center caught deception, overcharging thousands: fine no jail

Celebrity promoted NFT artwork has no disclaimer: celebrity is part owner

BEWARE: Facebook traffics in hate group searches: ‘ban’ hate makes more searches

Walgreens helped flood San Fran with opioids: thousands of orders deemed suspicious

 

 

Covid test expiration date extended by FDA

Five Things Your Advisor May Get Wrong About Social Security: make appointment

 

 

Jobs

½ million get jobs July: market grows 14% a year last 5 years: inflation takes the extra

Educators: educator expense deduction rises to $300 in 2022

MetLife to hire 400 for Global Technology Hub Cary NC

 

Fastest growing occupations: projectionist, turbine techs, ushers, nurse practitioners

 

 

Who owns your account now?

Home buyers with “excellent” score (760+) pay $288/mo less than buyers with “fair”

Best hospitals in US: maybe worth the trip

Consumer Reports: 7 Hybrids to Save You the Most Money on Gas

 

Best truck rental firms: Uhaul, Budget, Penske

Best low-cost vehicles to own for 5 years: Kelly Blue

Best ideas for a lifestyle retirement: prepare for a future with others

 

Use your education credits for students and yourself

 

Miracles:

Floods bury cars in Death Valley: BIG change in climate is here

Speed up: climate change might affect the rotational speed of the planet: snow to ocean

Arctic is heating up four times faster than the rest of Earth:

 

“If the cost of standing up for the Constitution is losing the House seat, then that’s a price I’m willing to pay,”

Gas suddenly cheaper: did Russia war end, Saudis discover oil: Exxon needed bonus $$

 

One person makes a difference to KY community that comes together to save neighbors

McDonald's plans reopening its restaurants in Ukraine over the next few months 

 

FBI raids Trump’s FL mansion: missing FBI & defense texts: unindicted co-conspirator

 

 

 

 

@

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

I don’t think that there is any such thing as a position or a velocity of a particle.

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

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

Mass–energy equivalence: E=mc^2.  At the smallest level; Everything is moving!

There is no TIME at this level because of force fields come and go in all directions. 

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

“Empty space is a boiling, bubbling brew of virtual particles that pop in and out of existence in a time scale so short that you can’t even measure them.” Space expanding.

The electricity we use comes from the field around the wire not from election itself.

 

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

 

 

GOP tax plan failed to END subsidies and loopholes to the special interests

GOP tax plan failed to END subsidies and loopholes to the special interests

GOP promise to ‘reform’ tax code in A Better Way. Speaker Ryan wrote:;;

“The tax code is littered with hundreds of preferences and subsidies that pick winners and losers and create complexity. Instead of free-market competition that rewards success, our tax code directs resources to politically favored interests, creating a drag on economic growth and job creation. In fact, Washington encourages individuals and businesses to make investment decisions based not on the most promising new technologies and innovations, but instead on the promise of tax savings. Many of these tax preferences, sometimes referred to as “tax expenditures,” are special-interest giveaways that are masked as tax breaks instead of direct grants. For fiscal year 2016, such “spending” through the tax code amounts to more than $1.4 trillion, or almost three-fourths of the amount of revenue raised by the entire Federal income tax. When Washington picks winners and losers with the tax code, the American people ultimately pay higher tax rates and keep less of their hard-earned money.”

Instead they kept the preferences and subsidies and made the code 429 pages longer: GOP ‘postcard’ tax return just moves calculations to extra pages.

Starve special interests by using the code for Tax-FREE retirement: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Congress tax ‘reform’ lowered tax rate but kept subsidies for profitable companies.

HALF of Americans will see taxes raised to pay for subsides and loopholes

GOP tax ‘reform’ means lowering the rate to 20% AND increasing their subsidy. We currently subsidize the oil industry by as much as $4.8 billion a year, with about half of that going to the big five oil companies—ExxonMobil, Shell, Chevron, BP, Conoco Phillips—which get an average tax break of $3.34 on every barrel of domestic crude they produce. But they are already profitable at $100 a barrel so why the subsidy. We taxpayers have been paying them a subsidy to drill since 1916. They don’t need the subsidy and depletion allowance anymore but our ‘reps’ depend on their money to get elected so the Congress does not repeal subsidies in the ‘reform’ bills.

Oil is not alone: gas, coal, cotton, Corn, Wheat, Soybeans, Rice, Beer, Milk, Beef, Peanut Butter, etc

Special interests won! NO subsidies/loopholes repealed! Tax shelters left open!

GOP repealed NONE of the 1,833 business subsidies. GOP repealed 32 deductions used by middle class. Apple and 500 corporations can leave their $2 TRILLION profits UN-taxed overseas. They also get to keep their subsidies and loopholes and foreign cash reserves we still pay for. They were NOT repealed. 1,833 large companies have received federal grants and/or tax credits worth $17.8 Trillion. Instead of giving our money to firms and people that are already making money, we could pay down the debt, which used to worry the GOP. Since our tax cuts are reversed in 2025, you need a shelter.

Use your legal tax shelter: https://www.amazon.com/Your-Tax-FREE-Account-IRS-approved-shelter/dp/153735292X

There is just one way left for us to avoid paying for corporate and wealthy tax breaks

The GOP has just one ‘corporate subsidy’ repeal in the ‘reform’ bill—“marginal oil and gas wells.” All significant corporate and tax shelters were left in tact. Trump’s mob, Commerce Sec Ross, State Dept. Tillerson, advisor Cohn, Treasury Mnuchin, Fed v-chair Quarles, and Ambassador Jon Huntsman hide their money in various shelters under fake firms/names. The new report says they hide their money in the Cayman Islands. Apple hides its money in the tiny island of Jersey. What can we do to avoid paying for these subsidies and business tax credits? You and I do NOT have to hide our money in a foreign country. We do NOT have to hire a lawyer to create fake firms and names. You and I have a legal tax shelter here with an IRS Sec. 408 Trust.

Avoid paying for their tax breaks with your legal tax shelter: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

ONE THIRD of us will have higher taxes in 10 years to cover this ‘tax cut’

The Tax Policy Center ran the numbers. By 2027, 31% of middle-class filers would see tax hikes. Repealing the Alt. Minimum Tax created by GOP so the rich pay something means the burden will shift to those making between $48,600 and $86,100. GOP has rigged the tax ‘reform’ to trick us into giving them HUGE extra money for their tax shelters. GOP budget has big cuts in funding for Medicare and Medicaid in our future. Hidden in the budget they just passed are cuts of $4 Trillion in spending including nearly $500 billion in cuts to Medicare and $1 trillion to Medicaid. This means that in a few years, you and I will need to pay more for a relatives’ nursing home and our own health care. Plus our taxes go back up. Treasury Mnuchin says our tax cuts end while corporate cuts are permanent. You and I need a tax shelter like the Trump class.   

Avoid Trump tax: https://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441

Younger singles go for Bronze ObamaCare for less

If your employer does not offer care, you may save by using ObamaCare, ACA, HealthCare.gov same. Employers usually require you to pay—some take over $6,000 from your pay for some plans. If you have no health issues but still need catastrophic care for an accident or illness, you may find exactly what you need at HealthCare.gov. Subsidies for the monthly premium are available to those with incomes of $45,000 and so the only expense may be the deductible. If you anticipate no health expenses, your annual outlay could be tiny. Open enrollment for 2018 ends this Dec. 15. 2.3 million have signed just in 18 days—more than when Obama was prez. Congress is unlikely to fix it by 2018, an election year. Get help: https://localhelp.healthcare.gov/#/

Try a Bronze: https://www.healthcare.gov/

Most rich people would rather have better infrastructure than less tax

When you are already wealthy, you have fulfilled your desires and your relative position in the community hierarchy does not change when everyone gets a tax break. KS cut in taxes recently (and then a reversal) proved that cuts don’t produce growth. They just mean schools are worse, roads aren’t repaired, water pipes, power lines, other utilities are not fixed, and the quality of life falls. Granted that some tax money is wasted and governments are subject to corruption. However, rich people can’t live on special things alone. Their Rolls won’t last long on potholed streets. But not every American wants to live in a company town like Wichita with the Koch ‘blessings.’ In fact, most Americans think this tax cut is wrong at this time. The wealthy donors that keep our ‘reps’ in champagne like it. The rich have always had legal ways to cut taxes without the IRS. Corporations have thousands of ways to cut taxes now—shelters, fake subsidies, global addresses, tax lawyers, and lobbyists for Congress. Congress could do better for all working people. Corporations don’t even plan to expand the economy.

Use your shelter: https://www.amazon.com/Tax-Shelter-for-Americans/dp/1500426520

Overpaying for car insurance can cost $640,000 over time

65% of us overpay for coverage. If we save the average of $500 a year by purchasing the right policy and taking our discounts, we could have an extra $640,000 by the time we retire. Most people have coverage for at least 50 years. For 40 years, our $1000 savings could grow to $530,000. Investing that $500 a year in a low-cost stock index fund uses the Miracle of Compounding over time. It is just math: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513. Make sure you shop to avoid high premiums: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Trump and GOP are promising higher wages from corporate tax cut

“The hourly wages of high-wage workers rose 41 percent in the 34-year period between 1979 and 2013; the hourly wages of middle-wage workers grew 6 percent in that time frame, and the wages of low-wage workers fell 5 percent” according to the Economic Policy Institute. We did NOT see a bump in wages when Bush II cut taxes. Why would a company use its added cash to pay us more when we have been taking less since the 70s? They don’t use their subsidies to pay more wages, why would they use cash? Wouldn’t you keep it in a shelter or pay your own executives and investors more if you were in charge? Since the firms have money why would they invest the cuts in new operations? They haven’t and won’t. Fed revenue from corporate taxes has fallen while our taxes for Social Security and Medicare have ballooned. Our taxes are low compared to the world.

NO Don, this is NOT a middle class tax cut: https://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441

Where is the best place to save for your kids’ college tax-FREE?

Morningstar, the fund-rating service, has upgraded its rankings on six 529 college-savings plans and downgraded three others, the research firm announced Tuesday. 

Bright Start College Savings of Illinois received the gold ranking. The other gold programs—Invest529 of Virginia, the Vanguard 529 College Savings Plan of Nevada and the Utah Educational Savings Plan—remained unchanged from last year. Among the downgrades, Franklin Templeton 529 College Savings Plan of New Jersey sank the lowest, dropping from neutral to negative because of its uncompetitive fees and sudden declines in equity exposure that leave it open to market-timing risk, Morningstar said.

https://www.amazon.com/Education-Funding-Save-right-plan/dp/1482549956/

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

TrumpWorld

Happy Thanksgiving, from The Don in a style only he could stomach

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

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

Trump cancelled health policy for addicted brother’s family after they fought dad’s will

Smoking gun: “Our boy can become president of the USA and we can engineer it,” Sater wrote in an email to lawyer Cohen. “I will get all of Putins team to buy in on this.” Manafort tells Russian mob he will keep them informed about “our boy.”

Ross, Commerce, direct link to Putin energy consortium and Russia-Cyprus bank

Putin sent 60 money wires to US marked “to finance election campaign of 2016.”

Putin has full access to our 2018 elections since Trump doesn’t help states upgrade now.

Trump’s money launderer manager indicted on 12 counts: conspiracy against US.

Treason is not excusable by being stupid America deserves better!

‘Ministry of Truth’ 1984 novel: Government propaganda is ‘truth’ when they say it!

Trump: Moore denied 8 women’s stories—child molester has special place in hell Ivanka

Trump and Moore blame the women: Hill hearing is why girls 14 don’t file public charge

Trump claims victory in Afghanistan—Generals say stalemate with Taliban

FoxNews: “You’re the president. Why don’t you act like it?” Can Fox help impeach him?

Can 13 women be wrong: The Don’s ‘women are very special’ Groping genitals ‘special’

My Theory on Trump/Putin ‘love’:

Trump got Russian help/funding for business from business/mob ties to Putin. US banks not interested in more bankruptcies. 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. Trump always has a fall guy to blame when caught in lie. Sessions claims campaign execs all too inept and overwhelmed to collude on purpose.

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

The Don is losing cache of his name for NY visitors—NO Soho Trump

Trump family could gain $1 billion under Trump tax cut; keeps loophole on golf too!

Trump selling his wine in national parks—you can’t sell your stuff though

We are paying $1 million for Trump’s thanksgiving at golf club—tax without represented

Dictator talk time:

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

Delusions of Grandeur:  ‘I’m the only one that matters’ The Don

Persecution complex: 'No politician in history has been treated more unfairly' The Don

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

Fires FBI head because he was investigating The Don’s Russia mob ties.

Trump’s America looks like pre-civil war America: Trumpism is authoritarianism.

"The President would have left American students in a foreign jail because their families didn't lavish sufficient praise on him. How can someone in such a big office be so small?" 

Fear is ruler’s weapon Tampa church ‘welcomes’ worshipers “we are heavily armed”

1998 the House of Representatives approves two articles of impeachment against President Bill Clinton, charging him with lying under oath to a federal grand jury and obstructing justice.

2017 Nov. House of Representatives introduced articles of impeachment against President Don Trump, charging him with firing FBI Comey, violations of the Emoluments Clause, actions "undermining" the judiciary and freedom of the press.

2018 the House of Representatives approves two articles of impeachment against President Don Trump, charging him with lying under oath and obstructing justice.

Quid pro quo: "something for something."

Trump allows internet providers to charge us for fast access—gift for election cash.

Today child molester; tomorrow rapists? How GOP religionists justify support to Jesus

Trump gets US to pay for his family legal problems—is he out of money already?

Flynn has gone over to the light side—Another enemy of the United States caught

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

We have given The Don time to act like president: Time to Impeach for obstructing FBI

https://action.needtoimpeach.com/act-og3-t2?sc=ad_gg_lba_us_impeach-.-.-.-60s-20171020

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

            (No one person can afford to sue a bank: class actions banned by GOP now.)

Gun play in church shoots man and wife – maybe not a good thing to play with guns!

2017: Thousands died so a few wealthy rich can kill defenseless animals. Insanity?

Jay Costa Kelter, GA, caught misrepresented investment facts defraud clients

Honda Odyssey minivans recall faulty passenger seats that can come lose.

Xerox caught giving incorrect info about 1 million of us to credit agencies

Will blind Uber see you in time to stop? You cannot see driver acknowledge you.

Citi caught failing student loan servicing that harmed borrowers. Fined $2.75 million.

Equifax hack costs us privacy for life—no regulation on credit bureaus to blame

Trump will determine which internet sites we get to watch—all equal use ends

Trump has suspended our right to bring class action lawsuits against our advisors/banks.

Tillerson Exxon calls Trump a ‘f__king moron” ‘MORON’ and LIAR:

National security adviser H.R. McMaster: Trump has intelligence of a “kindergartner”

How Govt wastes our money:

Why are we paying $17 mil hush money for Congressmen’s inappropriate sexual activity

SCAMS:

Jobs:

Jobs Don?: 40.6 million people living in poverty in 2016, $24,000 for 4-Census

 Mexico, Greece, Israel, and Turkey are the only countries with higher child poverty rates

Who owns your account now?

2.3 million people signed up for ObamaCare in first 18 days—more than years before.

Miracle:

Still wonderful people in the world—can you imagine if we all were like this all the time.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

New Year savings plan

New Year savings plan

If you received a tax refund last year—the average was about $3,000—start this year by taking the refund early. Instead of overpaying your income taxes in 2014, invest the refund during the full year. Set up an auto contribution at work if your employer offers 401k, 403b or other retirement plan. Use a W-4 http://www.irs.gov/pub/irs-pdf/fw4.pdf to INCREASE your allowances on line 5 and submit to your employer. This will reduce the amount of tax withheld each paycheck and increase your take-home pay. If you had a refund of $3,000 last year, your monthly investment could be $250. Or set up your own IRA with a low-cost mutual fund firm and have them deduct $250 from your checking account. You could grow your $250 a month into $250,000 in 20 years, $800,000 in 30 years, $1 million in 32 years. The best plan is the simple plan: http://www.amazon.com/Keep-Simple-Essential-Financial-Life/dp/1492258849/

 

If you already have your W-2, file early for quicker refund

Many people don’t have complicated tax situations and don’t need to pay someone to file. If you have wage income and don’t own property, it is a matter of filling in the forms online. You may qualify for FREE tax prep and FREE efile. Check the companies that offer this: At IRS.gov/freefile, select the “Free File Software” button. Each of the 14 Free File companies sets specific offers – generally based on income, state residency and age – to use their software. If your income is $58,000 or less, you will find at least one, if not more, offers available to you. The fastest way to get your refund is with direct deposit. Once the IRS begins processing returns Jan 31, it expects to issue more than 90 percent of refunds in fewer than 21 days: Most in 10 days.

Check “Where’s My Refund?” for personalized refund information based on the processing of your 2013 tax return. You can start checking on the status of your return within 24 hours after the IRS accepts your e-filed return.

 

Beware: Advisor/broker examiners budget cut—We are at their mercy!

Fewer financial advisors will be checked by regulators this year due to budget cuts at the SEC. This means that your advisor may be able to move money around unawares again. No one is checking on how they manage your money except you. Madoff was able to avoid discovery because no one asked about the clients’ accounts.

Congress is also asking regulators to tone down the rules about doing-what-is-best-for-your-client standard. The broker lobby is concerned that the pending rule that would raise investment advice standards for retirement-plan advisers could hurt investors with modest assets. Raising the standard of client care would seem to help not hurt investors.

 

Long-term care insurance price hike

A 60-year old couple each purchasing $164,000 of current protection that will grow to $730,000 combined when both reach age 80, will pay an average of $3,840 yearly, a three percent increase over the prior year's average. "Adding an inflation growth option builds your benefits over time but it can double the base cost of coverage," an analyst said. Couple discounts reduce the cost of coverage because usually only one of them makes a claim. Without inflation protection, the benefits can be half the expected amount. So the cost is closer to $6,000 per year. Since you may not need coverage for 25 years (average claim date), you are paying $150,000 for $730,000 that you may never use. Consider more flexible options: http://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X/

 

Lobbyists start to derail ObamaCare one wheel at a time

U.S. Chamber of Commerce will no longer seek the repeal of the Affordable Care Act, working instead to correct what it sees as its flaws. For instance, the Chamber wants a change to the law’s definition of full-time employees from those working 30 hours a week to those working 40 hours or more. Thus all employers would limit hours to 39 per week to avoid the mandate. The Chamber would also like to see the ACA's health insurance tax and medical device tax repealed and will explore how the law's transitional reinsurance fee might be financed in a different way. Business lobbyists will start modifying each part of the health care coverage so it reduces the law’s effectiveness. You can join in: Future Lobbyists begin their 2014 classes Jan 27 with PAC’s and Campaign Financing, Lobbying 101, Online Advocacy, etc.

 

GOP plans further attacks on ObamaCare despite industry acceptance

President Obama's health care law may have gotten off to a rocky start, but executives of major private health insurance companies are informing investors that they're still betting on the program in the long run. On the other hand, U.S. House Republicans plan to introduce a bill to swap President Obama's healthcare law for a lower-cost, "patient-centered" system, Speaker John Boehner said. GOP also promises to reform taxes. "We believe in tax reform. Closing loopholes, getting rid of unnecessary deductions, lowering rates will be good for our economy and help create more jobs," Boehner said. Oil and gas and agribusiness subsidies were not mentioned.

 

SCAMS           Why are we still paying $700 Billion a year for WWII deployments?

We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan  and 50,000 in  Germany . Are we preparing for WWII again? There are 1,208,083^[1] personnel in the  United States . Our taxes pay for about HALF of the WORLD’s military expenditures every year. It is no wonder we're in debt.

 

Bailout of mutual funds too?

Banks are not the only institutions that we may have to bailout. There are mutual funds that use high leverage to try to gain an edge in investment returns, especially the “hedge” funds that the wealthy own. There $53 Trillion in these funds and some are buying and selling derivatives in secret and outside regulators view. This makes tax payers vulnerable again because if a large one collapses, its contracts could put our financial system at risk. Wall Street execs in the government will want to save their friends paychecks like GoldmanSachs’ Paulson did as US Treasurer in 2008’s global meltdown. The wealthy will expect us to save them from their gambling debts … again. http://www.nytimes.com/2014/01/12/business/bailout-risk-far-beyond-the-banks.html

 

Billionaire Baby Beanie mogul faces jail to avoid paying tax of 4%

The federal charge alleges that the inventor Warner earned more than $3.1 million that he failed to report on his 2002 tax form. He failed to pay $885,300 in taxes owed for 2002. That is under 4% of his assets.

Beanie Babies, sold for $5 to $7. At their peak of popularity in the 1990s, some collectors would pay hundreds of dollars for a rare character on the resale market, according to press accounts. Warner's net worth was listed as $2.6 billion in 2013, according to Forbes. 

 

Who owns your account now?

Jim Beam and Maker’s Mark bourbons to  Japan ’s Suntory.

Budweiser to Brazil's InBev

 

IAN

41 Watchung Plaza, B242

Montclair ,  NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

401k fees take 63% of your nest egg!

401k fees take 63% of your nest egg!

Avoid hidden 401k fees taking 63% of your money.

• Accumulate $1,000,000 in 35 years.
• Use a tax-FREE account—NEVER pay income tax.
• Buy low-cost mutual funds averaging 10-12%.

Over time, “that little 2 percent fee will erode 63 percent of what you would have had,” according to John Bogle. Accumulating wealth requires that you avoid high plan and advisor fees, commissions, loads and taxes—the Wealth Killers. $9.95 Ebook version: http://www.amazon.com/Robbing-You-Blind-401k-ebook/dp/B00G8EV7GI/

ObamaCare works  Call-in app: 1-800-318-2596

The U.S. Internal Revenue Service said it has processed more than 330,000 eligibility inquiries for premium tax credits under the Affordable Care Act. Officials announced Thursday that 700,000 people have applied for insurance plans in both the 36 states that are using a federally run health care exchange and the 14 states running their own exchanges. It takes months to work out the bugs in any software.

CReports reliability—Lexus, Toyota, Acura

Japanese car brands continue to dominate in car reliability, but brands from all corners of the globe showed movement in the latest analysis. Lexus, Toyota, and Acura claim the top three spots in predicted reliability rankings by brands. The most-reliable new car in our latest survey is the 2014 Subaru Forester. The worst score goes to the Ford C-Max Energi plug-in hybrid, with the regular C-Max Hybrid not faring much better. See others: Least reliable vehicles, listed in order of Ratings score starting with the worst score.

1. Ford C-MAX Energi (Plug-in Hybrid)*2. Ford Escape (1.6L Ecoboost)*
3. Mini Cooper Countryman4. Ford C-Max Hybrid5. Nissan Pathfinder*
6. Volkswagen Beetle7. Cadillac XTS*8. Ford Explorer (V6, 4WD)9. Hyundai Genesis Coupe*10. Ford Taurus (turbo)*

http://autos.yahoo.com/news/consumer-reports%E2%80%99-car-reliability-survey-shows-japanese-brands-dominating--europeans-gaining-ground-165357824.html

Saudi women fight for car insurance?

There's no law against women driving, but Saudi authorities have warned they'll arrest any woman they catch and use force if necessary. Manal al-Sharif was arrested by Saudi Arabia's religious police for driving in 2011. She told CBS News she also lost her job as a result and has received abuse and threats.

House votes to let brokers to still sell us high-cost products

The House is scheduled to vote this week on legislation that would slow or even kill a Labor Department regulation to strengthen investment advice rules governing retirement plans. The measure, written by Rep. Ann Wagner, R-Mo., would prohibit the Labor Department from proposing the rule, which would expand the definition of “fiduciary” as it applies under federal retirement law. Advisors can sell us any product instead of the BEST product for us. Buy the best: http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

How much does your advisory firm make from your account?
See how much the officers of your advisor’s firm take from your account every year no matter how you do:http://data.investmentnews.com/comp-staff/individual/position/1/assets/3/designations/0-0-0-0

What are the alternatives to LTCi premium hikes?

Forbes reported that the increases in LTCI premiums may be between 45 percent and 85 percent in 2013 alone! Think of it—85%: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X/

Can you really transfer IRA money into tax-free LTCI?

Some agents are making a killing with this trick. Agents want you to fund an IRA-based annuity with your IRA. On this they make a commission of 6-9%. Then they want you to take the payments from the annuity and buy a 20-pay life insurance plan with long-term care features. On this they make another commission of up to 100% of the first years’ premium. You pay tax as the money comes out of your annuity to pay for life insurance. Depending on the kind of policy, you may use part of the death benefit for some long-term care expenses. Wow—there must be better alternatives! http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X/

College savings plans—Best and worst

Unless your state lets you deduct contributions, you can use the best state plans.

http://www.investmentnews.com/gallery/20131025/FREE/102509999/PH&Params=Itemnr=7

Survey says 30-year-olds most likely to have a written retirement plan

Middle-class Americans in their 30s are the most likely among all age groups to have a written retirement plan, a Wells Fargo survey finds. Wells Fargo Middle Class Retirement study asked 1,000 middle class Americans between the ages of 25 and 75.

“On a comparative basis, people in their 30s appear to be more aware of what the variables are for a successful retirement,” Laurie Nordquist, head of Wells Fargo Institutional Retirement and Trust, said in a news release. “They seem to know that having a plan, saving more and trying to overcome fear of the market are the keys to success.” Use Tax-FREE account:http://www.amazon.com/New-American-Retirement-System-Tax-FREE/dp/1461030072/

IRS tax tables for 2014

In case you do your own tax planning, all you need to know: The standard deduction rises to $6,200 for singles and married persons filing separate returns and $12,400 for married couples filing jointly, personal exemption rises to $3,950, maximum Earned Income Credit amount is $6,143, annual exclusion for gifts remains at $14,000, foreign earned income exclusion rises to $99,200, changed the use-it-or-lose-it rule for flexible spending arrangements, or FSAs, to allow account holders to carry over as much as $500 from one year to the next without penalty. Many workers have been reluctant to put money into the plans for fear of losing whatever they don't use, resulting in long-standing complaints about how the pretax FSAs work. IRA, 401k contribution limits stay the same.

More: http://www.irs.gov/pub/irs-drop/rp-13-35.pdf

Cutting food for the poor—while Congress gets paid $632 per hour of “work”

48 million needy people will have their food stamps cuts. The cuts mean a family of four will receive $632, or $36 less per month in federal food assistance, even as food costs rise. That is the equivalent of losing roughly 21 individual meals per month based on calculations used by the Department of Agriculture. Working poor make $10 an hour and need food.

Is this the America we want?

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

Bush wars increased the debt by $4-6 trillion to $16 trillion. 1985 debt $3 T, same as 1945.

Why did no white-collar criminals go to jail for the mortgage mess they created

The financial sector has the power to use our Congress’s power to tax its citizens to backstop its greed. We bailed out the bad guys but NO titan of industry is going to jail. Instead they got their bonuses and had their institutions pay their legal fees and fines instead of paying themselves. Big winners: Angelo Mozilo and Kerry Killinger.  http://www.nytimes.com/2013/10/27/business/a-13-billion-reminder-of-whats-wrong.html

New scam for back taxes

The Internal Revenue Service today warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country. Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest, deportation or suspension of a business or driver’s license. In many cases, the caller becomes hostile and insulting. Just say no. IRS sends notices by mail not by phone.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com