Advisors are paid to worry not to be right

 Easiest way to make sure you have enough later

The most common regret most retirees have at the time of retirement is “I should have started earlier.” Time in the market, for your money to multiply, is FREE and is the easiest way to guarantee you will have enough in retirement. Social Security is indexed to inflation so your lifetime benefits increase to your maximum by age 70. You will have Social Security benefits but you may not have a paid pension and a private investment portfolio. Only 7% of retirees have all 3 sources of retirement income. So unless you act early in your career or working life, you will not have enough later unless you earn a lot of money late in your career. Example: $100 invested once a month by age 20 may grow to $2,600,000 by age 70. That amount would have the buying power of about $500,000 after inflation. We use the average return of 11% per year because over time that is the return of the overall stock market in a popular low-cost index fund. If you wait to age 35, your money grows to $500,000 by age 70 but is worth only about $230,000. Uncle Sam can help by using a special IRS retirement account that provides income FREE of taxes.

Use your TIME: https://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236/

 

Tax-deferral or tax-Free?

Whether you have a 401k or 403b at work or self-managed IRA account, you have the choice of reducing your taxable income now or later. Which is better for you is a personal choice. Many younger investors want all of their lifetime investment gains to be FREE of tax because after investing $250 a month for 35 working years, they want to spend ALL $2,000,000 of their nest egg. They tell me that paying 22% of their current relatively low income is easier than paying higher rates on their retirement income later. They think rates must go up since current national spending has made the national debt almost impossible to pay off. Most wealthy folks pay less than most working people. With inflation, they believe they will need every penny of their $2 million just to live comfortably. Many employer plans offer the tax-FREE version of their matching retirement plans. If your employer does not offer this plan, you may be better off using the IRA version offered through your mutual fund provider. Most large complexes like Vanguard, Schwab and Fidelity offer low-cost funds within this tax-FREE IRA type.

Go tax-FREE: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Advisors are paid to worry not to be right

Some think stocks haven’t hit bottom yet. Some think crypto is in trouble. Some think stocks have already hit bottom. Some think inflation will be a threat. Some think it will end soon. As usual, those who are paid the big bucks to know what is going to happen with your money don’t know. So what are you going to do? Will you continue to pay a lot of your investment dollars for advisor fees or give up your earnings for the year to your advisor’s haircut—right off the top of your account? For savvy investors the truth is that costs matter. If you earn 4% as some wise people predict, and you pay 1-2% of your whole account in your annual fee, you may have little to show by Jan 23. If on the other hand you are a buy and hold low-cost fund investor, you will have a respectable year. Over your investing lifetime, you may give away 63% of what you would have had if you use an advisor managed account. DALBAR the unbiased tracking firm showed that over time, managed funds earn just 3.79% compared with a low-cost index fund of 11%.

Use the low-cost leader: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

 

Has your advisor kept your account positive this year?

Most of the securities markets are negative. You pay your advisor big bucks to keep you out of the negative. Only the energy sector has provided a positive score so far—up 8%. Have they moved you out of the Growth sector so you avoided the negative 16% down turn in account value? So maybe Buffett and the other advisors who do not charge you for their advice are correct. Investors who have researched how long-term investments succeed have come to the conclusion that trading and chasing yield are dangerous. Analysis: over your lifetime, “that little 2 percent fee will erode 63 percent of what you would have had.” Paying someone to manage your money is a $ billion scam. Buffett says: “A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money.” Fidelity study: accounts forgotten by investors during their lifetimes did the best. In fact, the average investor earns only 3.79% annually (vs market returns of 11.06%) according to DALBAR’s QAIB.

Avoid the scam: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

 

Women investors are not handicapped by testosterone

Women are more patient. They don’t think they are ‘masters of the universe.’ They are not as overconfident as men. They don’t buy high and sell low when disappointed by their broker’s tip or the TV stock promoter’s hype. They are not driven to prove how “smart” they are at a party. They are not seduced by male salesmen. “In finance, if you’re certain of anything, you’re out of your mind,” according to neurologist, William J. Bernstein. In fact, stock market predicting is more like quantum’s uncertainty principle: no one can predict the position/velocity of a multivariant. Patience and time are more important to allow the Miracle of Compounding to work. 60-70% of the most successful self-made female billionaires in the world are Chinese.

Women are the best investors: https://www.amazon.com/Ensure-Your-Financial-Health-with-Wealth/dp/1466388293

 

Have you taught your child how to make tax-FREE money?

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution 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 $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. I have used this 'Wealth Reserve' as I call it to have funds to buy low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a month in retirement supplement. Now your child can build an account that provides tax-FREE retirement income too.

Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

 

 

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

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

 

Supreme’s wife plots gov overthrow

 

Jan 6 terrorist avoids trial in Belarus

 

27 states restrict voting

 

Trumpist ‘news’: MxM

 

Dictator to buy ’24 election

 

US not USSR: Banned books removed

 

How Govt wastes our money:

Biden commit pilots/special forces if Putin uses chemical bombs in Ukraine?

GOP states removing books from our libraries before dictatorship 2024.

GOP creates voter intimidation with threat of voter fraud police: watch polls arrests

 

Crapo puts bill to end normal trade with Russia in the toilet: GOP wants more BS***

Wall Street takes higher gains: average 2021 bonus $257,500: few pay Fed taxes 

Wealthy buy citizenship in countries: lower taxes/hide assets: Kushner gets foreign $$$

 

Former NYC prosecutor proved Trump guilty of multiple felonies: boss afraid of T’s $

Two Trump lieutenants ignore Congress subpoenas and are still walking around: no jail?

 

SCAMS/SPINS:

978,000 dead: 61% of unvaxxed are Republican: GOP trimming voters for 2024

BA.2 now accounts for up to 70 percent of new infections in U.S. Masks, Shots, Tests

GOP: “freedom” from masks/shots/gun license but bans books, talk of race/sex, abortion

TX use electoral map that discriminates against Black and Hispanic voters: white power

 

2 in dispute shoot 28; kill 1: some are kids at car show: any gun changes 28 lives in 1 min

IN, OH ban gun control so citizens may shoot in public: police: no control is dangerous!

GA official: It’s the ‘wild, wild West’ Guns are everywhere, she said. Regs loosened.

 

IN Braun wants state to ban interracial marriages: Supremes have no say in racism?

 

Putin hackers: Zelensky telling Ukrainians to surrender: Putin the new Tzar of Russia

GOP Rubio wants US to try Daylight Time again: Nixon tried it and it did not work

GOP to attack Hunter Biden again: Time to start attacks on Fauci again too

GOP to attack Supreme candidate now: already confirmed her twice: political wedge?

 

Fake online sales: reading the clues to fakes

Pfizer recalled Accuretic due to the presence of a cancer-causing impurity.

Finally: recall GMC 740,000 small SUVs headlights on vehicles are too bright.

 

Recall millions of fruit gummies: “Airborne” ‘fly’ back to Reckitt

Zelle’s immediacy makes it favorite of fraudsters: not clear who is legally liable

 

Ambassador Advisors PA breached fiduciary duty: sold 12b-1 funds; cheaper available.

Jonathan Dax Cooke caught selling high cost annuity to Fed employees in TSP.

 

Fake listings short term rental sites like AirBnB

Fake images lead us astray

Fake ‘convenience’ home appliances: more stuff to repair: tech-savvy or lazy

 

Trump sues Dems over his 2016 Russian collusion: Putin lawyer met at Trump tower.

Trump condemns ‘woke’ AL GOP for advice: looking “past 2020 election” Confessed

Taliban reverses promise to let girls go to school: Custom makes girls “property”

Russian Orthodox Church hailed Putin for “high & responsible service to the people”

 

Jobs

Pilots to drive airplanes from the ground: no need to sit for hours in cramped seat

2022’s Most & Least Innovative States: Blue cf Red?

Companies with flexible work conditions: upstarts have more to offer

 

Who owns your account now?

How much is your Social Security? Check statement; Open a Social Security account.

Florida’s home insurers insolvency from fraud, litigation

YouTube has full seasons of your favorite shows for free: 1,500 movies free with ads.

 

Los Angeles and San Francisco as well as Northeast losing population to TX, ID, UT, AZ

Banks offering cash: open new credit card: some pay you to refer all friends who earn too

IRS has $1.5 billion for your 2018 tax refund; April deadline approaches

 

Miracles:

Ukrainian women stand strong against Tzar’s invaders who are losing war

Biden’s secret war- support efforts via hidden Polish border roads: Don’t tell Tucker

7,000 Americans sign up to fight Putin: Marines not allowed: must have experience

 

West US running out of water and electric: Lake Powell lowest level ever

It’s 70 degrees warmer than normal in eastern Antarctica: last warming fix took centuries

Drought extended across about 61% of the country: all over the West pictured 

 

We and animals are connected: all creation have feelings: impact on religions

 

Improve age-related macular degeneration with drug for drunks

Virtual private networks are used by Russians for info not state propaganda

Solar panel roof on parking garage: saves cars and saves coal-powered generators

Simple electrical circuit learns without computer power: adjustable resistors

 

When you think you can’t do more: https://www.youtube.com/watch?v=CyFxPZUiJMI

Trump wants The End WWIII with his co-dictator Putin: “we’re a greater nuclear power”

 

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/

 

Is a FREE financial plan right for you?

How do teachers and civil servants reach over $1 million retirement fund?

Teachers and civil servants with life-long salaries of under $100,000 have always amazed me in their account accumulations. Whether they invest via their pensions or IRAs, they seem to stick with a buy and hold strategy to save over $1,000,000 for retirement. I got a hint about how they did it from a study by Fidelity: customers that did the best were the ones that forgot they had an account. Also, the customers that were dead. The strategy is the one ascribed to Warren Buffett: buy and hold. You don’t sell—no balancing or trading or market timing. Buffett bought and holds stocks like Coke, AmEx, GEICO. He never sold them. The secret to ending up with enough retirement money is to buy and hold stocks like these at low cost. According to the rating firm DALBAR, a stock market index returned 11% at year. So any person could accumulate a million during their working years: investing $250 a month for 35 years may earn $1.1 million. And that is exactly what Buffett and Bogle, Vanguard founder, recommend. Bogle was a fiduciary. The Bible called it being a steward of assets: The Bible’s parable of talents.

https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045

Wall Street firms ignore SEC mandate to give investors the facts

A new survey found that most firms just ignore the mandate. 1,300 firms failed to disclose the misdeeds of their advisors. Trump made regulation irrelevant early in his administration by canceling Obama’s Fiduciary Rule. Instead of brokers/advisors being under the rule to give us the best products, Trump made it clear they were free to fleece us again: regulators would not prosecute bad advice. Result: Wall Street is now free to sell risky “private placement” investments in our pension accounts. Our 401k holds our serious money not our speculative money. Instead of a stock market index with steady 11% growth over time, Wall Street can offer us ‘take a flyer’ like MCI WorldCom or Enron. Insider trading is NOT prosecuted unless the perp is followed in the press. We investors are not protected in the TrumpWorld. We must protect ourselves.

Use a Fiduciary advisor: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Investment behavior research and your biases

Why do we hold on to losers and sell winners? Why do we engage in vigorous trading when studies show we lose money? New studies about our way of thinking about money have provided some guard rails that may keep us from big mistakes. Fact: we spend more time planning a vacation than planning for our financial future. People with money have a plan—investment and retirement plan. People who most NEED a plan don’t think they need one. Set goals, find strategy, set up plan. List financial goal priorities. Know your biases and avoid them with help. For example, we buy a stock or fund that just went up. It goes down but we don’t face it and lose more money. Or if the stock goes up we feel we must sell to win. Instead of diversifying a portfolio for safety, we buy more of the same. Many keep buying their own company stock. We know this strategy is risky so we worry instead of investing in a plain index fund. Even with new information, investors stick with their original purchase. We tend to think we are super brilliant when our purchase does well. Most of us mistakenly rely on past performance. Usually winners become losers during the next period. Buffett’s strategy beat best advisors.

Let Warren Buffett be your advisor: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Is a FREE financial plan right for you?

Schwab is now offering Schwab Plan, a free digital financial planning capability that assists investors in establishing and staying on track towards financial goals. You must have an account—any account. After completing a 15 minute questionnaire, you can model how changes might impact your lifetime financial picture. You can see the probability of reaching goals with Monte Carlo simulations. Changes and updates to the financial plan are dynamic – when you update your plan, you will automatically receive an updated probability of reaching your goals. A similar service is available at other fund complexes including Vanguard’s Nest Egg Calculator. You can play with the factors that determine your total accumulations: time, stock bond mix, age. The challenge is to know what your data means. Unless you have $ millions or $1,000 one-time fee, you don’t have a professional planner to customize your plan.

Try it yourself FREE: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

Is using your bank’s online bill-pay safe?

Is electronic bill pay safer than personal checks? If you are using a well-established bank with FDIC insurance, you can be assured that your bank is aware of the risks. Given the Trump mandate to slow the mails, you are at greater risk using personal checks. Your check may end up in a pile of mail at a sorting center. Some sorting machines that are used to speed those printed bill payment vouchers have been removed. If your check is inside those thin voucher envelopes they can easily get stuck on other mail or literally fall through the cracks in sorting tables. I have been using bank bill pay for 10 years—hundreds of bills paid with no late fees. Most banks will actually pay the late fee if they are responsible for the late payment. Most banks use ACH (Automated Clearing House) which is a network that coordinates electronic payments and automated money transfers. I usually enter the bill amount and date to actually get to the vendor when I receive the bill. Then I don’t have to worry about remembering to send it on time. Most banks use electronic transfer—my payment, account number, etc—and send payments in a batch with others to each vendor on date I enter. So my utility bills are always paid on time. I don’t give my bank info to the vendor to let them take the money from my account. I tried that once but they messed up and I had trouble fixing it. The downside to this arrangement is that I have to keep a balance in the account to make all transactions free. I feel it is worth it since I don’t have buy stamps and I don’t have any more late fees.

https://www.amazon.com/Leahs-Money-Book-control-money/dp/1448654408

What experienced investors do when uncertain?

When there is a crisis or the future looks uncertain, savvy investors go back to basics: diversification and low cost. They confirm why they are investing in the assets they own: stocks for the long term and cash equivalents for the short term. Every investor that has weathered the storm of 2007-8 has learned that a balanced portfolio helps maintain their long-term accumulation goal. They know that stocks earn 11% over time and yet bonds and other assets can offset temporary downturns. By weighting these assets, experienced investors stayed fully invested during the 2007-8 time of crisis. They benefited from the bull market: doubling their money since 2011. They recognized that earning less than 2% on ‘safe’ investments costing 1-2% was really a losing proposition.

Hold the Best: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Women want more control of their money

59% believe they lacked sufficient financial and investment literacy, and 13% believe that they are not very or not at all knowledgeable about finance and investing. Most women don’t have time to learn about finance. Women don’t feel well-served by advisors. Perhaps it is because there are few women advisors to hire. Women who feel they control the money they earn are not considered in charge of finances by their spouse. Women who work have retirement as their primary goal. Their spouses don’t agree with their goals and thus there are disagreements. Thus divorce after age 50 is on the rise. The burden of divorce after age 50 falls heavily on women especially since many say they are not prepared to control their money and assets. Pension benefits and retirement accounts must be divided equitably—women are entitled to part of the payouts. Several calculations are necessary to determine the correct division of assets—current and future.

Women will have more money in the future but lack the knowledge to manage it.
“An unprecedented amount of assets will shift into the hands of women over the next three to five years, representing a $30 trillion change of ownership. Few women have trustworthy advisors so many fortunes will be guided by salaried groups at large fund families. The trend to passive low-cost investment will accelerate. The age of the single investment ‘gun-slinger’ is over. Most women will seek security not market beating advice from ego-centered men. Wall Street gurus have lost their allure.

It’s about control: https://www.amazon.com/Leahs-Money-Book-control-money/dp/1448654408

Middle-class retirement in jeopardy of losing living standard

New study: “40% of households in the top third of the income distribution are at risk of not being able to maintain their standard of living [in retirement].” So taxes do make a difference. The retirement spending strategies in the study did not yield much difference in tax rates. Further, this study did not include state taxes, which could raise tax burdens by 25%. In short, a $1 million nest egg does not go as far as it used to given that 85% of Social Security benefits and 100% of the required minimum distributions from our pensions and IRAs are taxed. The wealthy have always found ways to avoid paying the IRS statutory tax rates. Even billionaires like Warren Buffett have disclosed that they pay less tax than their employees. Unfortunately, most of us do not use strategies that allow a tax-free retirement.

Use legal tax havens: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

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

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

Philly DA: we have an “authoritarian dictator."

GOP platform: I could shoot someone on 5^th Ave and pardon myself

Dictator: Police state and vigilantes assure re-election

Murder trials avoided: Dictator decides

Dictator: I win; mail-in votes don’t count

Dictator’s police kill protestor

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy! 

We borrowed from China to pay refund interest of $18 to 14 million: bill is on the way

Trump EPA endorses new regs for more coal pollution in our lives: OK to pollute!

GOP pushes budget deficit to a record $3.3 trillion with wealthy tax breaks/PPPloans

SCAMS/SPINS:

Facebook aided terrorists in Kenosha: encourages terrorists: bring mass-killing weapons

Vigilante mobs with automatic weapons are NOT militias: militias are trained to help army fight.

Trump supports Kenosha terrorists: he blames us Americans for protesting police killings

Trump’s doc tells him herd immunity wins: Herd immunity if people are immune; more will die

Trump promised to pay for virus patients recovery: he failed and patients get bills

Trump’s SEC allows insider trading: computer shows it as it happens: no regulation

Trump’s eviction moratorium not working: no legal authority over landlords

Trump tell NC voters to vote by mail and in person: illegal voting cancels vote for him

Trump Tower Vancouver goes bankrupt: "extremely stable genius" 7^th bankruptcy!

Dennis Jali Smart Partners caught Ponzi $27 million on church: offered 6-42% returns trading FX

Virtual apartment rental scam: check landlord; visit and listen in neighborhood

Avoid senior scams: home, ID, fake check, fake trouble, romance, invest, tech support

Debt collector scam: don’t avoid; fight back

PayPal account hold scam: email asks me to click email to ‘confirm’ my info to scammer

Oportun debt collector caught intimidation lawsuits over high interest loans

Trans-Fast Remittance caught deceiving; violating problem resolution rules: fine no jail

Accelerate Mortgage caught making false, misleading, and inaccurate statements no jail

Service 1^st Mortgage caught misleading deceiving offer statement mailers; fine no jail

Hypotec FL caught false, misleading, and inaccurate statements in mailers; fine no jail

Facebook info infiltrated with thousands of Russian accounts: election battleground

CA unemployment scam: someone else receives your benefits Hackers steal your data

Liberty Auto: “only pay for what you need”: every agent would starve if they did that 

WellsFargo advisors cost retirees $ millions: fees and charges moving to costly items

PlanGap Annuity uses fear of SS benefit drop in 2035 to sell expensive products

Matthew Clason CT caught stealing $300,000 fake bank expenses, promised investment

Steven Sexton CA caught participating in Ponzi of Woodbridge illegal sales

Corporations co-opting ‘religion’: marketing brand with fake ‘religious’ rituals: worship idols?

Is it a scam?  Check AARP scamline 877.908.3360. Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Jobs

Giving up citizenship for a job? Tons of paperwork

Best states to work in: virus and health protections for employed and unemployed: WA

Who owns your account now?

Student loan blues: starting college at community college cuts lifetime debt in half

Miracle:

Our new Toyota flies: you can afford a used one: 2030

Religionists to defend Kenosha AR 15 terrorist: Killer glorified by some ‘Christians’

CA will produce generic drugs to save citizens money: GOP supports private profits.

CO has been on all-mail voting system since 2013: “it’s a system that works …” no fraud

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Advisors caught charging extra fees for virus

Advisors caught charging extra fees for virus

Advisors and brokers may be charging excessive fees, offering conflicted advice and even engaging in fraud to make up for revenue lost during the Covid shutdown, according to a new, wide-ranging risk alert the Securities and Exchange Commission issued for both the industry and investors. SEC noted three areas of concern: Advisory fee calculation errors, including valuation issues that result in over-billing of advisory fees. Inaccurate calculations of tiered fees, including failure to provide breakpoints and aggregate household accounts. Failures to refund prepaid fees for terminated accounts. Firm owners are squeezing salespeople due to the virus. Regulators see advisors making questionable rollover recommendations, transfers to advised accounts and investments in products that pay the firm or advisor more. Some advisors are taking loans from investors and clients. Supervisors are not stopping some advisors pushing more volatile securities. Advisors working from home have delayed responses.

Avoid fee overcharging completely: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

IRS collection letter—IRS never opened their mail

If you mailed your tax return and or check in March or later, you may receive a default notice from the IRS. The IRS stopped opening their mail in March and hasn’t caught up yet. So if you get a letter saying you owe taxes and interest and penalties, don’t panic. Someone at the IRS knows they goofed and did not stop the automatic collection letters from going out. Usually there are 3 letters over months. You can try to call the IRS and ask that they place a hold on further collection actions to give them time to find your check. Generally, the hold can be for eight weeks. The phone number to call is in the top right-hand corner of the letter you received. Anticipate lengthy hold times; they are receiving lots of calls at this time. Congress has been cutting IRS staff for many years. Our Washington reps don’t know how bad it is: our reps do not actually call the IRS. As of August 14, the IRS acknowledged their problem but they may still ask for penalties. Make an appointment to visit their local office if needed.

Go tax-free next: https://www.amazon.com/Your-Tax-FREE-Account-IRS-approved-shelter/dp/153735292X

Wish you had bought Apple, Amazon, Microsoft, Google, Facebook?

These stocks have raced ahead during the pandemic. People needed phones, stuff, internet, cloud and information to work at home. Amazon stock has doubled in a year. Many people own these market leaders. In fact they have owned them for years and their accounts have soared—31% in 2019 alone. Many of my fellow investors did not pay commissions or extra fees to buy these stocks. Some have paid as little as 0.04%. We did not use an expensive advisor who could have taken over 50% of our earnings over time. We know that brokers, advisors and analysts cannot predict which stocks will double. We followed Warren Buffett’s advice. We use his strategy to own the winners. Over time we have earned about 11%. Our money doubles every 7 years.

Buy and hold the winners: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Congress allows Trump to remove mail-sorting machines to delay citizen votes

Trump admits it—smoking gun. Post office will NOT be able to process our mail-in votes and so the vote count will be delayed. Delayed vote is a Trump vote as USPS told 46 states recently. Only one Congress person took action on this! Sorting machines are still off line and mail piling up. Mail-in votes will miss deadlines. Once the vote count is delayed, Trump will get a decision from Supremes just like Bush got from Scalia. Our votes will not be counted—GOP’s judges will decide for a GOP win, again. Right-wing dictators have done this many times. Once they have placed many biased judges and Supremes in the judiciary system, there is no higher authority in our society. Voting, dominated by misinformation and actual suppression (late ballots never get counted), becomes an exercise in propaganda—just for show like Belarus. Right-wing judges decide elections. The power elite will enjoy more tax cuts and social benefits. The middle-class is shrinking everywhere. Many jobless will not care to vote.

Socialism for the rich: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Is a 401k loan right for you?

Folks with an alternative are NOT using their retirement money for a temporary infusion of cash during the virus downturn. An emergency fund became a real life saver for most. According to recent research, few are taking advantage of the special penalty waiver: The CARES Act allows qualified individuals to borrow up to $100,000 from qualified plans such as 401(k)s, 403(b)s and IRAs without penalty. Borrowers, however, would be required to pay taxes on these distributions ratably over three years. As a last resort, participants (29%) said they would dip into their retirement account. 27% said they would stop contributions to their retirement savings, 26% said they would borrow from a friend or family and 26% said they would max out their credit cards. The research found that only 8% have taken money out of their workplace retirement savings accounts and 10% stopped contributions to their accounts. Workers in the airline, entertainment and manufacturing industries were the most likely borrowers. Unfortunately, retirement accounts provide the best way to use the miracle of compounding to assure we have enough retirement income. It takes 3-5 times the cash to make up for the compounding effect over time, depending on age.

Keep compounding: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

Is the 8.1% annuity right for you?

An annuity sales company is promoting the “Highest Annual Return” of over 8% with a “purchase bonus of 13%.” Most of us know this deal is not possible in the current interest rate environment. So what’s the story? Well, the claims are made up from some dubious assumptions and tricks of financial accounting. Contracts are complex. I found one insurance company that offers a deal close to the one promoted. To get such an annuity requires a long-term commitment on your part. You will pay a surrender charge if you need your cash before the 10 years vesting period. You don’t earn the bonus without waiting a number of years. You may not earn anything in some years since the rate is determined separately each year despite locking up your cash. You “participate in stock market gains without any downside risk.” They offer no actual policy example on the site. You must provide your personal information so they can put you on their call list. They offer two testimonials which violate the NAIC model regulations. They mislead us since they do not relate to the specific annuity promoted.

Income & Growth option: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

Financially independent folks live the Simple Financial Life

The Simple Financial Life consists of five actions. You don't have to be wealthy or a genius to become financially independent. This book will show you how to live the Simple Financial Life: Use only 3 mutual funds to reach ALL your financial goals. Use the best tax shelter: no taxes ever and it's FREE. Protect your family and assets with your Wealth Reserve. Borrow from your own 'bank' to pay for large purchases. Stop wasting $3,000 or more on the financial products you now own. Manage your investments in 15 minutes per quarter. Buy whatever you need at a discount. Practice the FIVE actions for financial freedom. It’s never too late to start.

Start now: https://www.amazon.com/Simple-Financial-Life-not-paycheck-paycheck/dp/1441499326

What is this new form from my advisor?

Form CRS is a compliance form the regulators think we should read since they expect us to do their job. It says we should ask our advisor to disclose all of their conflicts of interest since regulators don’t do that. Since all firms must deliver this general form to their customers, we actually don’t learn a thing about our advisor or firm’s practice. We don’t know how much they get paid and which and how much their suppliers are paying them legally and under the table. Instead of the SEC requiring firms to print all the costs of their services on our statements and confirms they want us to dig this info out by ourselves. Many advisors report that we are not quizzing them on the important stuff like commissions, kickbacks, bonus pay, sales contests and vendor relationships as the SEC planned. Unless your advisor is a fiduciary, sworn to provide the “best” solution for your situation, your firm is not going to divulge this information on their own. Trump killed the “fiduciary duty” rule for salespeople as soon as he took office. Even when advisors treat us badly, they are answerable only to their own firm’s “self-regulatory” body—FINRA. Usually the firm can hide the misdeeds behind a process that lets them erase the theft or deception from the public. Even if you win the FINRA hearing, it is hard to collect the fines. Firms can then let the advisor move to another firm. Very few are defrocked and go to jail. We are not allowed to sue our firm or advisor.

Use the fiduciary rule yourself: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275/

Scammers take unemployed for $millions in MLM schemes

$79 gets you a starter kit to your ‘road to riches.’ Selling a miracle cure or face cream or diet supplement, you can live off the profits of the distributors you recruited. Sounds like a better job than the one you left. The underbelly of entrepreneurship is mostly a scam. Minorities and women are the targets for “multilevel marketing” firms. 99% of those who try, lose money. Why? They are desperate—especially now. The pitch comes in all flavors. Celebrities sell the concept and the owners keep the profits. Internet social media carries the message for pennies per sale. Doctored photos, false claims, and unproven remedies: there is no end to the creativity of scammers. The regulators don’t have the will or budget to stop them. You may remember our president tried a similar scam with his Trump University. He promised to share his real estate secrets. Some paid $20,000. The head of our education department, Ms DeVos, is heir to MLM Amway. Protect yourself.

Learn the signs: https://www.amazon.com/Money-Scams-2014-insurance-financial/dp/1505437962

How to overcome fear of market volatility

You need a complete plan that is focused on the long term: what are your goals; how are you going to get there. You need to learn how to use compounding and a tax-free account. You need to protect your portfolio using diversification of assets and low-cost strategies. Know your biases. If you like to “play the market,” keep a certain amount for that purpose. Separate your assets into short, medium and long-term piles of money. Since no advisor or TV commentator can predict market moves, don’t listen to them. Find an unbiased advisor—one that does not sell financials—like Warren Buffett.

Consider his advice: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

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

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

Philly DA: we have an “authoritarian dictator."

Dictator: Late mail-in vote is invalid vote

Dictator: air pollution is allowed again

Dictator: Drillers can destroy Alaska beauty

Dictator got elected with enemy help: aid and comfort

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy! 

Trump has PO remove mail boxes from streets 671 sorting machines to suppress vote

PO: “they are not to reconnect/reinstall machines that have previously been disconnected

Trump sends troops to Poland to prop up another dictator: costly move of Army Corps

Fed keeps printing money to help wealthy earn more while Main Street loses stores

When does the gov take a cut of the sale of private property? Trump’s Socialism

SCAMS/SPINS:

CA restores 30 round mags for more mass shootings: “right to bear arms”= kill many of us?

Trumper’s take Hillary eating kids’ brains seriously: Crazy theories grab lost souls: in Congress

GOP proves Trump election was a fraud: foreigners supplied chaos, money, inside info

GOP: Kilimnik, a longtime partner of Manafort, was as a Russian intelligence officer. Proof

FBI lied: Carter Page, Trumper, worked for both CIA and Russia: FBI taped double agent!

Trump: QAnon conspiracy theorists 'like me very much' and 'love our country': Earth flat too.

WH propaganda: election can’t be fair if Trump loses: trouble ahead: GOP courts decide prez

Kanye West, Political Pawn: why does this smart Black man let himself be used by the racists?

Our future? Belarusan protesters are still trying to oust their leader after disputed election results.

TD Bank caught using deceptive and abusive practices selling overdraft: Debit Card Advance

SCF Investment Advisors CA caught selling more expensive funds 12b-1 fees to SCF: fines

SCAM: forgot to cash a check; unpaid bill; phishing texts on everything: Call vendor first

SCAM: phony pink slip; fake virus test result; fake video meeting; Don’t click—call first

Companies’ auto-renew: you get no warning so you must cancel separately

Romance revenge: posted his credit card data online: change the locks too.

MyPillow guy/doctor prescribes botanical extract: housing sec Carson get Trump to favor scam

School open: Children May Carry Coronavirus at High Levels not Trump’s "virtually immune"

Remington Arms uses bankruptcy to avoid Sandy Hook school massacre liability for 26 deaths

Steve Bannon caught stealing $1 million from donation for boss’s WALL. 7^th Trumper felon  

FOX NEWS STAFFERS FEEL TRAPPED IN THE TRUMP CULT

Holding up the mail, even by a gov official (Trump), is punishable by 5 years. He’s still at it.

Mail still not on time: PO head claims he stopped delaying mail but big Trump ally

Dem Fat Cats cut demand To End Fossil Fuel Subsidies from party platform: Lobbyists $$ win!

Is it a scam?  Check AARP scamline 877.908.3360. Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Jobs

AZ school district teachers/staff call in sick: district can’t open

Zillow agent profiles represent the most useful source of information.

Jobs fade: mortgage delinquencies rise: worker emergency fund

CEO compensation at top 350 firms grew 14% to $21.3 million on average: workers wait

Who owns your account now?

Student loan repayment options: Virus-impacted income or not, re-do terms. 

Used car best buys from CR: $5-20,000

Taxpayers can submit Form 1040-X electronically with commercial tax-filing software.

Eviction notice? Contact county government for advice before trying a lawyer

Miracle:

Arctic tundra is burning: Fire Radiative Power 5 times July 2019 level. 

Death Valley hit 130 degrees at 3:41 p.m. Sunday: highest on Earth; CA burns

Alaska beauty lost: Trump allows drilling in Alaska’s Arctic National Wildlife Refuge

3 men kidnapped my dog, on camera: police arrested the men and I got my dog back safe.

A dent in Earth's magnetic field could pose a risk to spacecraft and satellites and cell use.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts