Your Wealth Reserve

Friday, March 17, 2017

Junk insurance will be the only affordable care under TrumpCare

Will junk insurance replace the policies with ObamaCare minimum standards?

When TrumpCare becomes law, insurers will be able to charge more; cover less. There will be no standard of care for our premiums. Marketing hype will replace quality.

“Employers want to be able to tell employees they have something in the area of health insurance,” says David West, Center Changing Workforce. “And most consumers have very little understanding of the details of health insurance until they’re faced with a catastrophic illness.” http://www.consumerreports.org/

GOP: TrumpCare will cut taxes and boost jobs—GOP markets every law that way!

People earning more than $1 million annually would get a $165 billion tax break, Joint Committee on Taxation found. GOP has plans to cut Medicare too: market will determine subsidy and cap your benefits. The Don favors ending Medicaid expansion early so 15 million now covered lose in ‘18. Why are the people affected by TrumpCare, AARP, AMA and AHA against TrumpCare? Trump supporters face the “unintended consequences” of their votes—24 million will lose coverage.

John Oliver on TrumpCare https://www.youtube.com/watch?v=Ifi9M7DRazI&t=72s

What will you do when GOP tells you buy your own insurance or go without?

If you are earning under $50 an hour will you be able to pay $15,000 to $25,000 to insure your household? If you are employed part time or not able to buy at work, will you be able to afford a stripped-down policy at $2,000 each for your family? Despite what Trump says, you may have access to only 1 policy you can afford and it may not cover a hospital stay or surgery. Half the bankruptcies were medical debt in 2001. This is what Ryan means by “freedom” restored to the health market. But where most people live, there is no “free market” for health care. How can we let 24 million people die early?

Two of my doctors won’t take insurance, and the others are not very good. Millionaire Congressmen pitch “choice” and “competition will reduce the cost of insurance” but in most of America there is no competition. As Romney boasted, “I want to fire my insurer” if I don’t like them. Trump and Congress can afford to do that because we give them outstanding health coverage. Health insurance is like our military defense. Conservative Congressmen do NOT mind paying Lockheed a subsidy for the F-35 fighter program. They pay every over-budget bill from Lockheed even though the bills are a “disgrace.”

Why is keeping all Americans healthy any different? 24 million will die early.

Maybe because Lockheed pays Congressmen $4.6 million a year plus lunch/parties/etc.

If your advisor seems really giddy, here is why

Trump’s consigliore Bannon and his billionaire team are moving swiftly to return US to the good old days of non-regulated brokerage. Bannon’s “deconstruction of the administrative state” means your advisor can get away with selling you a bad annuity and pocketing 10% or more with no refund for you. Or a high-cost product with returns less than a bank CD. If you buy a derivative, mortgage or otherwise, it may collapse since Dodd-Frank is being disassembled. The commodity regulators and SEC have been cut so there are fewer analysts watching trillions of trades for manipulation. There are fewer IRS auditors for HNW tax shelters and corporate book cookers. There are fewer enforcement acts by FINRA if your broker gets greedy. Trust but verify!

Be careful you are not trumped by The Don: https://www.amazon.com/Dont-Trumped-Dons-economy-strategies/dp/1542615143

FREE tax preparation

Advertising to you is how they pay for free credit score and “free” tax prep

https://www.creditkarma.com/ needs your views to obtain dollars from sellers of financial services and they give you software to file federal and state taxes at no cost. If you need to file a simple return, this is the cheapest way. Usually simple means you have W-2 income and few deductions. The IRS has a topic look up so you can find the answer to your question easier than waiting on the telephone for an operator to answer: https://taxmap.ntis.gov/taxmap/. Also, you can do your federal online FREE using commercial sites through the IRS https://www.irs.gov/uac/free-file-do-your-federal-taxes-for-free. These sites charge for a state return. You can also use a local AARP tax aide office: http://www.aarp.org/money/taxes/aarp_taxaide/ AARP does not discriminate by age or income so they can usually take care of most people. Best tip: deduction for IRA contributions and tax credit up to $2,000 subtracted from tax you owe. Double Your Pleasure.

Take your Tax Credits like The Don: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

How great is The Don’s deal making, really?

Consider all The Don’s foreign building projects when you remember that he had to take his US deals (Taj, Plaza, Trump Air, etc,) to bankruptcy court 6 times. Since the banks are not likely to want to be hosed again, The Don goes to the “bank” of last resort: the mob. He has extensive contacts in Russia at a time when the USSR’s assets and businesses are being taken by “only the strong Ivans survive.” He makes a deal with the notorious Azerbaijani oligarchs tied to Iran’s Revolutionary Guard. The development deal does not go well. His links to oligarchs who launder money and are tied to Iran will not be prosecuted by his own department now but Americans should start questioning who The Don is taking money from and what do they have on him.

There are many wealthy Russian oligarchs The Don has had relationships with over the years and Putin runs many conduits.

You have the opportunity to reduce your taxes just like our President

In 1995, The Don reported that he had lost a $ BILLION in his “great deals” and deducted over $915 million on his return. The IRS code that the rich complain about let him offset his income for that year and 18 more so he probably did NOT pay taxes for many years. His accountant said that many rich take advantage of real estate depreciation and loss offsets to income or NOL as it is known. He did this in the 1970s also. He also stiffed the state of New Jersey $30 million on his casino taxes. You may not have real estate assets or a governor friend, but you can still avoid taxes on your retirement fund. The IRS code provides for a tax shelter for working people so that when you retire, you can avoid all the taxes on your retirement income. Any mutual fund or brokerage firm can provide you with this tax shelter account at no charge. All you have to do is set it up in 1 hour and start investing on a regular basis or if you have a 401k going, convert it to this account over time. This is the best LEGAL tax shelter available. You don’t need an offshore tax shelter like the wealth and corporations to pay less.

Avoid taxes like the wealthy do: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce/dp/1540435148

Most active-managed mutual funds are “priced to fail”

Mutual fund monitor Morningstar found that manager expenses destroy your returns for most funds. According to Jeffrey Ptak, head of global manager research at Morningstar, active mutual fund fees haven’t fallen as sharply as other investment expenses. As a result, more than two-thirds of U.S. equity funds carry expenses that would wipe out their estimated future pre-fee excess returns. Large-cap US active funds are especially poor performers compared with a low-cost index fund at 0.05%. Trading costs more than it is worth. Even IRA accounts are being structured as active managed accounts with increasing fees. Holding a bunch of large profitable firms over time is cheaper and provides a better average return for investors not managers. Putting all our money in one stock is dangerous since it may be 1 in 500 that fails. Hold the largest 500 firms with half their earnings from overseas is the Buffett’s pick. The Vanguard 500 Index is a Top Ten.

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

The Don proved that “alternative facts” are NOT facts but B.S.

There is a reason that journalists go to school and work for legit news outlets. The President of the United States made a bold faced LIE using his quick reading of the rant of a crazy person published by his advisor Bannon’s former conspiracy blog, Breitbart that Obama, a sitting President actually illegally wiretapped his phone. Source is radio entertainer Mark Levin. Because President Trump does not understand how to research FACTS—he gets his alt facts from Fox, Breitbart, Info, etc—he made a serious mistake that destroyed his credibility with 75% of Americans and leaders of the rest of the world. His LIE about Obama’s birth was an insult for 5 years. His LIE about his inaugural crowd. His LIE about health coverage for all Americans, his LIE about Mexico paying for The Wall and TODAY his LIE about Obama using Britain to spy on him ruins him. Finally his LIE about no contact with Putin’s men has made the real press his enemy in his narcissistic eye. Soon most Americans will disregard what he says. His spacey advisors feed him daily misinformation. The nuclear codes are ready at hand.

The world fears that his naiveté, lack of judgment and gullibility to B.S. will start WWIII with the N. Koreans and China.

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

We are entering the Twilight Zone:

"There is a fifth dimension beyond that which is known to man. It is a dimension as vast as space and timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. It is an area which we call the Twilight Zone" where “alternative facts” and illusions of conspiracies are lived out. Lies are considered truth.

Rod Serling

The Trump (Bannon) Presidential Style

Remember, Don Trump is still a contractor from Queens NY,

just richer than most. As a promoter, his income is from lending his wealth “brand” to other’s buildings and golf. The Don does not like to read so policy is 1 page of MAPS—he likes maps and TV. He conducts secret state business in front of the wealthy; letting them play with the nuclear “football” that can kill us all. Richard DeAgazio might be Russian spy who switched nuclear briefcase on Rick during photo op. Costs $200,000: “They want to be able to say ‘I had dinner at the president’s house.’ ” Winter WH.

Creates fear to control base. Tweets all night using “alternate universe” from Fox

Real Donald Trump called for lock-step marching by all and remember your brown shirts. When ideology “discards and chops off” the facts and calls world normal.

Conservatives jump into anarchy: “the deconstruction of the administrative state.” Bannon called himself a “Leninist” who wanted to “bring everything crashing down.” State Dept being decimated. Putin thrilled with cuts in aid to 3^rd world, NATO, etc!

Racist legacy: “get out of my country” supporter kills restaurant patron in KS. Bannon previously articulated his dismay with South Asians supposedly dominate Silicon Valley.

White high schooler brutally assaulted disabled black student: avoids jail time. Racist ID

Jewish sites and graves under attack across US The Don (Bannon) does nothing.

White high schoolers launch verbal assault “Trump, trump, trump” in racist chant.

Dentist joked a boy was upset because “Trump is going to deport him.” Kicked off plane!

The Don (Putin) does not like diplomacy, aid to poor,

environment or culture.

19 Agencies you may use being cut from American society: The Don does not like Meals on Wheels, Sesame St. NPR radio, Arts, Miners retraining, 62 in all for $343 billion

What he does NOT cut:

No cuts to subsidies to Boeing, GE, Intel, Nike, Shell, Fiat, GM, Ford, hundreds more.

And these 27 got govt help and paid no taxes and 10 welfare plans for the rich

No cuts to govt cost overruns of $ trillions each year. And Congressperson subsidies.

Wealthy 1% will receive a $165 billion tax break,

Lies or “Alternative facts” of The Don: Promises (lies) and Actual outcomes:

Trump: “Everyone is covered” in GOP plan except the 24 million who cannot afford it.

“Obama had my 'wires tapped' in Trump Tower just before the victory." Proof?

Spicer: “Trump meant "surveillance and other activities" and not “Obama himself”

“Unemployment number were phony for Obama, not for me”

Conway claims Obama bugged Trump with “microwaves that turn into cameras.”

Tillerson uses a private email to talk about human-caused climate change –Deniability

Flynn may have been paid by Russian firms while campaigning for Trump

Trump accuses Britain of spying on him for Obama. Pissing off our friends.

GOP claims EPA is releasing "propaganda" that is "brainwashing our kids”

Can we save ourselves from WWIII? US threatens N Korea with pre-emptive strike

Putin influence: Russian foreign minister Ryabkov met with Trump campaign. “But we will of course continue this work after the elections.”

Putin influence: State Dept senior people and budget cut—Tillerson out of loop.

Putin influence: Europe NATO Syria US out of loop

Flynn collecting $½ million from foreigners to influence The Don while campaigning!

Putin influence: Russia’s elite are overpaying for Trump properties/building projects

Putin influence: Every one of Trump lieutenants has connections to Russia. See chart: https://swalwell.house.gov/issues/russia-trump-his-administration-s-ties

Boeing now in charge of Defense Dept –Trump puts exec Shanahan as deputy SoD

EPA to eliminate environmental protections in 4 years. Smog returns like in Bejing.

CO2 not a threat to humans according to Pruitt so wear a mask like Chinese.

GOP votes to allow hunting of grizzly bears and wolves in Alaska’s wildlife refuges. Your children won’t get to see them except in zoos.

Alaska temperature same as Washington DC first time in history. Deniers cancel action.

The Don promised to cover all Americans—Now says OK end insurance for 24 million

Budget Mulvaney: 'What people want is to get care,' not insurance coverage. Medicare?

Mulvaney says only 1 insurer in SC: Medicare provides care without insurance coverage!

GOP Rep Issa says we are going to single payor like Medicare.

Planned Parenthood funding cuts mean more women without birth control so more kids.

GOP law makes us pay 30% penalty if we don’t get genetic test for employer health plan.

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

Regulators are the only protection against corporations 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!

Matthew Nemer, WellsFargo violated Finra conflict rules; published misleading research

Regulators are looking at mortgages that finance malls as the next bank crisis.

Nationstar Mortgage caught failing to report accurate data to stakeholders.

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

GM killed 124 because ignition switch pin not replaced after knew it killed first in 2006.

Police want gun control.

When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has one and shoot first. You and thief have guns. CO schools now allow teachers/administrators to carry guns in the classroom. Kid lesson! Since 2015, police have killed 86 people with realistic looking FAKE guns--suicide?

Police organization issued a formal apology for the historic mistreatment of minorities.

Police to buy military weapons against civilians again.

FL makes it easier to kill if you feel threatened—“prove I didn’t feel threatened” Ha

SCAMS:

FBI Comey got his reward for throwing the election to The Don: A new building in VA.

“We never confirm an ongoing investigation.” Except when it’s Hillary’s.

Ignoramus Award:

GOP votes to allow hunting of grizzly bears and wolves in Alaska’s wildlife refuges.

Secret Service caught taking photos of The Don’s grandson while sleeping--Creepy

How our government wastes our money:

The Trump ”brand is the hottest it has ever been” and we pay for $1 billion protection.

$35 BILLION for new Space Launch System from Medicaid cuts.

$ millions defraud Navy bribing Admiral Loveless by Glenn Defense Marine Asia

$ 22 billions for The Wall since GOP agrees Mexico will never pay. Pay for land/water.

$54 BILLION for ‘battleships’. Seal Teams and drones kill terrorists not battleships.

Where have all the jobs gone?

Afghanistan war provides ongoing opportunity for young: US occupies Afghan for years

Which job board sites are best for your job search?

Who owns your account now?

MetLife retail products now called Brighthouse Financial as it spins off annuity/life.

You can read how this all comes out in Orwell’s 1984: CIA tracks everyone everywhere just like in the book: http://www.online-literature.com/orwell/1984/2/

Ransomware recovery: http://securityaffairs.co/wordpress/53438/malware/ransomware-recover-guide.html

Cancel Robo calls with Mr NoMoRobo: https://www.nomorobo.com/

Miracle:

The Don’s 2005 tax return appears: paid 25%--low rate not millionaire rate 39%

“The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."— Warren Buffett

But... but maybe he's only a little crazy like painters or composers or... or some of those men in Washington. Mr Shellhammer in Miracle on 34th street about Santa Claus claiming to be Santa.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Friday, March 10, 2017

TrumpCare give millionaires tax break; poor get ER again

GOP to citizens: Chose iphone or health insurance—insulting us won’t help!

Will GOP “free” us from ObamaCare so that we are “free” to wait in hospitals for care?

Ryan and the millionaire Congress offer their wealthy donors more ‘freedom’ and tax credits but where will that leave us? Without a plan to secure, NOT just have ‘access’ to health care, we will have no choice; no ‘freedom’. We return to the bad old days. When our employer does not provide a plan we can afford—all the co pays, deductibles, etc—we will be forced on to Medicaid which, if left to each state, becomes substandard. We will be back to the process of doing without care/medication or sitting in emergency rooms or paying for a plan that leaves us with $100,000 debt and bankruptcy as before. Medical debt caused HALF of all bankruptcies. Tax credits can’t pay $250,000 cancer treatment. Medicaid expansion meant that people who work for $10 an hour could obtain care. Old Medicaid without fed money only covered those too sick to work. Medicaid qualifications vary from state to state, so the required income level is not consistent; however, it is typically below the poverty line. Few doctors take it. https://www.healthinsurance.org/alabama-medicaid/ Ryan has proposed giving states a bucket of money which may not reach those who need care. Many states have given away tax money to millionaires to buy art or offshore shelters and are facing school closures etc. They may use the Ryan block grants for other emergencies. Poor sick people can’t complain loud enough to change things. Freedom of ‘choice’ in health care means early death for poor and tax breaks for rich.

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

The Don will ‘hurt you and family’ if you’re not loyal—how dictators work

Like the mafia family, Don Trump does not tolerate disloyal leaking of his group’s secrets. When his nephew’s infant child got cerebral palsy, The Don cancelled his family health plan because they contested the father’s will. Every employee, even top WH staff, is having their phone logs and emails monitored for leaks. It is so bad that State Dept officials only speak face to face—no digital communication. Everyone with something important to say is ‘standing in the parking lot’ or meeting after work in the garage just as Watergate’s Deep Throat. Meanwhile Bannon, The Don’s consigliore is having Don sign behind closed doors a measure that killed a regulation to tighten gun background checks. Bannon’s goal is “deconstruction of the administrative state” and so secretly, changed the chain of command at Justice. His boss Sessions is implicated in a conspiracy with Russia to defeat the democratic candidate. Putin vowed to keep Hillary out of power. Bannon sent Priebus to get the FBI to kill their investigation of the Russia collusion. Bannon sent WH Counsel McGahn to meddle in FBI investigation of Russian mob influence.

A special prosecutor would clear the air but that would mean The Don lost control.

FREE tax preparation

Advertising to you is how they pay for free credit score and “free” tax prep

Take your Tax Credits like The Don: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Uncle Sam helps us increase our tax refund

‘How can I increase my refund’ is a question I get when I do taxes as an AARP tax-aide volunteer. First, the best way to increase your refund is to run a small business. Every expense you have remotely connected to that business is deductible and losses reduce your income. Example: Trump’s clothing and his clubs in FL and NJ were deductible because he stayed there ‘on business.’ In at least 3 years, his losses were greater than his income and thus no tax. Second, make a deductible IRA contribution to reduce income AND receive a tax credit. Double Benefit! Third, count up all your medical expenses. Some states allow deductions from dollar one. Fourth, count up charity and expenses for the job. Fifth, take a course to improve your skills in computers and take the tax credit against what you owe. Sixth, reduce taxable income by using FSA at work. The child, child care, education, and earned income credits are the most powerful—they reduce your taxes dollar for dollar. I owed $956 on my income but I reduced it by 25% using my wife’s CE education credit, my new windows credit and my retirement savings credit.

Finally, you can save $200-$400 by doing taxes yourself. New software from one of the IRS partners makes it easy: https://apps.irs.gov/app/freeFile/jsp/index.jsp

How The Don is played by dictator Putin

Putin did not like the sanctions by Obama for Russia’s invasion of Ukraine and feared they could go higher with Hillary. What to do? Like Syria, undermine opposition to Assad. Start meetings with the Trump inner circle suggesting end to US agreements—Europe, China, Asia, Mexico, Canada. Isolate US. Have Trump question NATO and Asian alliance. Promise help in exchange for lifting sanctions and giving up East Ukraine. Use disinformation from RT and offer political guidance on undermining democratic institutions. Pour money into Trump PACS via dummy corporations that can’t be traced back to Russian surrogates. Russia’s elites buy Trump properties and projects like Bayrock Group. Counter-intelligence and hacking is used where effective. Develop pressure points on Trump—30-year ties to Russia, Russian mafia ties, admiration for his vanity, praise for his insecurity, promises of business in Russia. Feed guidance thru Manafort so Trump picks advisors Russia knows—Flynn, Tillerson, Bannon, Page, Sessions, Jared, Ivanka and son Don Jr. All have Russian contacts. Trump has 30 years of doing deals in Russia and with Russians; many Putin colleagues.

Trump has unreasonable deference for America’s long time enemy. “Follow the money.”

“He will make the greatest President of our century,” claims a Russian with mob ties.

Financial meltdown and recession are more likely now

The Don has vowed to reduce regulation on financial institutions. This causes some Fed officials to warn us. Banks secure their assets (loans and trades) with only $6 per $100. Stress tests have not shown they are strong enough for another crisis. Banks are even more intertwined and oversized than before the recession. Every year, Congress cuts the budget of the regulators of the $34 trillion derivatives trading (2007 crash) so crash 2.0 likely. Trump placed a movie mogul in charge of Treasury. Trump has 3 Fed vacancies so he can continue the reinforcements or put Bannon’s “deconstruction” men in place. We won’t know until we have a crisis like a market crash or nuclear exchange with N. Korea or Ukraine style invasion of Eastern Europe. Putin has his “Make Russia Great Again” plan too.

Reset your retirement assets: https://www.amazon.com/Reset-Your-Retirement-Income-retirement/dp/1512304344

Your 401k and IRA balance are up—hold or sell, that is the question

The current bull run is now the second longest since 1928. Even without counting dividends, the Standard & Poor’s index has risen more than 6 percent since New Year’s Day, nearly 20 percent in the last 12 months and roughly 250 percent since the start of the bull market in March 2009. Market average is 11% over time. You know it is all expectations: Trump will deregulate all, cut taxes, create jobs, grow the economy 6%, deport 11 million working people and walk on water. Maybe not.

What does the greatest investor, Warren Buffett, say?

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

Used luxury car or brand new car

Some people are faced with this tough question and ask for help. They do their research. First, what do you really want—reliable, quality, value, good mileage, impress peers, great fun experience, 2^nd childhood life, etc. Second, how much are you going to spend? Third, finance it or pay cash or blend? Fourth, good mechanic or good dealer? Fifth, immediate or willing to wait for best deal? Sixth, Internet search within 100 miles: http://www.consumerreports.org/used-cars/best-used-cars-for-under-30000-dollars/

KBB.com, CarGurus.com, Edmunds.com, cars.com, autotrader.com, etc. Your insurance may go up since more people commute and are distracted by cell. Health care and repair costs rise as technology added. Are we safer with more gizmos?

15 discounts on car insurance: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Are you worried about an IRS audit? Forgetaboutit

Don’t worry. Congress has cut staff so low they can’t even finish the audit of The Don. The number of people audited by the IRS in 2016 dropped for the sixth straight year, to just over 1 million. Just 0.7 percent of individuals were audited, either in person or by mail. Corporate audits were down by 17 percent last year. Just 0.49 percent of corporations were audited, the lowest rate in at least a decade. You are more likely to be cheated by your tax preparer than be questioned by the IRS. They don’t call; they send letter. The most common reasons for audit are high income, unreported income, over 50% deductions, all-cash business, over 10% charity, rental losses, alimony, hobby loss, home office, entertainment, foreign bank, foreign income exclusion, car for biz, early IRA/401k income, day/currency trader, big gambling win.

This is how the rich avoid an audit: Trump’s lawyer tells the tax assessor of Ossining that his National Golf Club in Ossining is worth only $1.4 million yet it gives The Don over $10 million a year and is really worth $50 million. Depreciation reduces his taxes more.

Claim your tax credits too: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

New TrumpCare law is really excuse to cut taxes for the rich

GOP is using the repeal of ObamaCare to give millionaires a big tax cut. The bill has a windfall for the top 1% who now pay 20 taxes for ObamaCare. They don’t say this. Instead they are marketing TrumpCare as “freedom”: “We’re not going to send an IRS agent out to chase you down and make you buy health insurance,” Rep. Michael Burgess (R-Texas), the chairman of the Energy and Commerce health subcommittee, said last month. “If the [coverage] numbers drop, I would say that’s a good thing, because we’ve restored personal liberty in this country.”

GOP abolishes the mandate so when people get sick or accident, we all will pay like before. You can have “access” but there is no cap on what insurers can charge. Conservatives want to cut even more help for obtaining health insurance. Age-rated tax credit of $2,000 can be advanced so you may buy a substandard policy. If you are really sick or have a coverage gap you will pay much more. Prices will go up so working poor will only buy limited coverage that does not cover all your bills. Trump does not have ACA but calls it “nightmare.” Prices are market driven so Congress millionaires can afford to buy whatever they want and we will get junk policy for $2,000. Minimum for a full-coverage policy now costs about $400/month. Medicaid subsidy to states phased out so fewer poor will be covered for fewer needs. What workers lose with TrumpCare is coverage and money. GOP did not cut insurance prices; gave big pharma blank check.

https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

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

We are entering the Twilight Zone:

Rod Serling

The Trump (Bannon) Presidential Style

Remember, Don Trump is still a contractor from Queens NY, just richer than most. As a promoter, his income is from lending his wealth “brand” to other’s buildings and golf. The Don does not like to read so policy is 1 page of MAPS—he likes maps and TV. He conducts secret state business in front of the wealthy; letting them play with the nuclear “football” that can kill us all. Richard DeAgazio might be Russian spy who switched nuclear briefcase on Rick during photo op. Creates fear to control base. Tweets all night.

Real Donald Trump called for lock-step marching by all and remember your brown shirts. When ideology “discards and chops off” the facts and calls world normal.

Racist legacy: “get out of my country” supporter kills restaurant patron in KS. Bannon previously articulated his dismay with South Asians supposedly dominate Silicon Valley.

White high schooler brutally assaulted disabled black student: avoids jail time. Racist ID

Jewish sites and graves under attack across US The Don (Bannon) does nothing.

White high schoolers launch verbal assault “Trump, trump, trump” in racist chant.

Dentist joked a boy was upset because “Trump is going to deport him.” Kicked off plane!

Promises (lies) and Actual outcomes:

Does The Don realize that he is now President of a country NOT just a corporation?

Can America have a recall election—I want to change my vote; 61,000 others in PA, MI

The Don claims Obama “wire tapped” his Tower last fall. Right wing conspiracy or FBI NSA CIA tracking Trump meetings with Russian spies/businessmen Kislyak, Tevfik Arif, Khrapunov, Sater, Manaford, Birshtein, BayrockGroup, Firtash, Rybolovlev etc, etc

“Russians make up a pretty disproportionate cross-section of a lot of our assets,” Trump Jr. said at the time. “We see a lot of money pouring in from Russia."

After six bankruptcies, Russian mob money allowed The Don to stay afloat. Russian money allowed The Don to make deals in US and Canada. His development money does NOT come from banks but illicit assets laundered through real estate, like Rybolovlev’s purchase which is a Russian strategy used by Putin’s inner circle. FBI is checking Russian Alpha bank link to Trump server.

Russian hackers are demanding ransom from groups critical of the Trump administration. Intimidation and fear tactics are powerful weapons in democracy.

New Muslim ban is still unconstitutional--it discriminates. What about 9/11 Saudis?

Movie mogul Mnuchin, Treasury, will suspend payments to certain pension funds as it tries to delay, as long as possible, falling behind on other payments as US hits debt limit.

The Don’s statements, T/F: http://www.politifact.com/personalities/donald-trump/stories/

“Obama wire tapped me” investigation is smoke. Trump’s Justice Dept has log of requests to court for all wiretaps. Trump does not understand how govt works.

Where do these Trump ‘alternate facts’ come from? Paranoia unstable volatile?

The Dictator is told he can use smaller nuclear bombs and only kill “scores of thousands”

Pentagon wants greater number of weapons for “tailored nuclear option for limited use.”

Trump: “the power, the devastation is very important to me.” Has “codes” as watches TV “maybe ISIL, maybe Europe needs small nuclear; when I negotiate I want them guessing.

The Dictator wants to build more carriers which are expensive and can be killed easily and the military can’t use. The enemy can sink a $13 Billion carrier in 20 minutes. Terrorists can be killed in cheaper ways.

Bannon is halting an inquiry into oil and gas industry emissions of methane that destroys ozone protection from the sun. Bannon pushing to pull down Paris climate accord too. The Don’s golf courses now benefit from his canceling clean water rule—fairway runoffs

Sessions lied on Fox when asked if knew Putin wanted Trump to win. His committee received in January a declassified report from U.S. intelligence agencies that Putin did.

Under oath, Sessions said Jan. 10: “…I did not have communications with the Russians.”

Another shoe: Many Trumpers met with Russians during the campaign to beat Hillary.

Sessions can lie: Constitution's Speech or Debate Clause says our Reps ABOVE that law.

Alternative universe: Sessions explanation says “no lie, just correct statement”

The Don boosts tax credit educational system with visit to FL Catholic not public school. But research shows little difference in outcomes. Parental support key to kid success.

KS schools so under funded by tax cuts the court orders KS to fund education fairly.

Charter schools create millionaire owners with no dividend for the kids

GOP law to end right to sue malpractice docs and class action for corporate wrongs

The Don benefited from a deal with Mexico utility to pipe low-cost TX gas to run US businesses in Mexico against his own promise to keep US jobs here.

Trump business income up due to brand recognition all time high. Can’t get much higher.

Sugar prices to go up since The Don is placing tariffs on imports from Mexico.

Man who patches Mexico border says no GREAT WALL: Trump could learn something.

Flynn back to work for Turkey to spy on US for Putin. More air time on Russian TV.

The Don claims credit for things he had nothing to do with:

Fiat Chrysler will invest in Michigan and Ohio plants and create 2,000 jobs. The CEO said it had been in the works for more than a year and had nothing to do with Trump.

Ford expanded in Michigan rather than in Mexico. But it had more to do with a strategic decision related to investing in electric vehicles not Trump talk.

Walmart said it would create 10,000 jobs in 2017 as part of a $6.8 billion capital spending plan announced in October.

Intel would create 10,000 jobs at a “new” plant in Arizona. But the chipmaker already announced this factory in 2011 with Obama. It just hadn’t opened yet.

SoftBank, the Japanese company that owns a controlling stake in Sprint, announced a $100 billion technology budget but Sprint may only replace workers with SoftBank ones.

Alibaba, the Chinese e-commerce company, pledged to create 1 million U.S. jobs if he can unseat Amazon.com as largest e-commerce as planned in 2015.

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

Regulators are the only protection against corporations 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!

Mercedes-Benz recalls 1 million vehicles with fire potential

Bannon’s “deconstructing of the state” cancels 90 regs we need like mental ill gun ban, care in handling SS numbers, etc. 90 regs killed by lobbyists. Chase asked for 16 kills.

William D. Allen, NFL, caught defrauding other NFL players $16.8 million; off to jail

NH will send police to your home to verify voter roll as voter fraud hysteria spreads.

Regulators cannot force bad brokers to pay the arbitration awards given to clients

Regs are ignored by detention “courts” to deport not just criminals but the unlucky.

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

GM killed 124 because ignition switch pin not replaced after knew it killed first in 2006.

Police want gun control.

Police organization issued a formal apology for the historic mistreatment of minorities.

Police to buy military weapons against civilians again.

SCAMS:

GOP new bill will delay all regulations—poison food, asbestos, fertilizer, water, safety.

Ignoramus Award:

1 TX woman given 8 years in prison for voting twice. Only 4 of 138 million voters fraud.

How our government wastes our money:

The Don is costing taxpayers more than the last 5 presidents together—Living Large

Where have all the jobs gone?

This is where the best job holders live in NJ.

GM will lay off 1,100 in Michigan after domestic production shift

RadioShack closed 187 more stores—lay off 2000 more

Which job board sites are best for your job search?

Who owns your account now?

Apartment rents in Manhattan fell FELL and your landlord account will negotiate

You can read how this all comes out in Orwell’s 1984: CIA tracks everyone everywhere just like in the book: http://www.online-literature.com/orwell/1984/2/

Ransomware recovery: http://securityaffairs.co/wordpress/53438/malware/ransomware-recover-guide.html

Robo calls handled by Mr NoMoRobo: https://www.nomorobo.com/

Miracle:

Can anyone figure out what is going on with Trump and Russia?

Will we ever know whether Putin and his friends have been bankrolling The Don since his bankruptcies and need payback?

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Friday, March 3, 2017

Increase your tax refund: Uncle Sam helps

Increasing your tax refund—Uncle Sam pays you to work and save

How can you increase your refund is a question I get when I do taxes as an AARP volunteer. First, the best way to increase your refund is to run a small business. Every expense you have remotely connected to that business is deductible and losses subtract from income. Example: Trump’s clothing and his clubs in FL and NJ were deductible because he stayed there ‘on business.’ In at least 3 years, his losses were greater than his income and thus no tax. Second, make a deductible IRA contribution to reduce income AND receive a tax credit. Double Benefit! Third, count up all your medical expenses. Some states allow deductions from dollar one. Fourth, count up charity and expenses for the job. Fifth, take a course to improve your skills in computers and take the tax credit against what you owe. Sixth, reduce taxable income by using FSA at work. The child, child care, education, and earned income credits are the most powerful—they reduce your taxes dollar for dollar. I owed $956 on my income but I reduced it by 25% using my wife’s CE education credit, my new windows credit and my retirement savings credit.

Finally, you can save $200-$400 by doing taxes yourself. New software from one of the IRS partners makes it easy: https://apps.irs.gov/app/freeFile/jsp/index.jsp

GOP plans to eliminate lunch for the kids

The debate over free lunch is no joke. Last year, Republicans pushed to introduce a bill that could have stopped thousands of schools from offering free lunch to all public school students. Education Secretary Betsy DeVos made a joke Thursday about no one getting a free lunch at the Trump Political Action Conference. But the comment came as DeVos, a billionaire staunch opponent of public schools, leads the nation's free lunch program that provides nutrition to low-income students and is under attack from Republicans, raising questions about whether the administration of President Donald Trump will protect food aid programs for children, NPR reported. Some kids don’t have breakfast so lunch is important. Roughly 31 million American school children qualify for free lunch.

The cost savings from ending kid’s lunch never shows up in total spending for war.

Hiring freeze cancels Army child day care—soldiers home and not on duty.

Cutting EPA, SNAP and State makes water dirtier and less refugee vetting. Don’s trips

Save enough from what you spend now for $1 million retirement

Do you handle your money like wealthy people do? Most wealthy people did not win the lottery or inherit wealth. They worked at a business and saved/invested over 15% of their income. They paid bills on time, borrowed only to buy income producing assets, planned spending, started saving early and automatically, negotiated price, avoided whims, cut fees, used free stuff, and researched every buy and never paid retail. For instance, instead of waiting for their $3,000 tax refund in March, they had the employer take out less from their check and set up automatic investing by their IRA trustee FREE.

https://www.amazon.com/Never-Buy-Retail-Save-every/dp/1478147350

GOP talk of ‘freedom’ to choose health care is from another world

GOP uses marketing trick to sell 1970s health care plan as replacement for ObamaCare. In their world, “freedom to choose” plan is important. Romney used to say ‘I want to be able to fire my insurer.’ Our “Reps” live in a millionaires’ world and so they can afford to buy any plan they want plus supplemental coverage. Most of us can’t afford to buy what Ryan and his group receive from us taxpayers: a comprehensive insurance policy that includes completely paid hospital and doctor and prescriptions for any doctor in DC and their home county. The average cost is about $24,000 for a couple. 75% is paid by our taxes. They pay the balance with a pre-tax HSA funded by their salary of $174,000 plus perks from lobbyists and their PACs. Just like Trump’s cabinet, their world is about ‘choice’—steak or salmon—not deciding if they must give up food or a doctor visit for their child. They don’t cut their pills in half so they can stretch their $10 an hour pay. Health is required to fulfill our “Life, Liberty and the pursuit of Happiness" promise.

GOP promises ‘access’ to buy any policy; not AFFORDABLE comprehensive coverage.

Americans want what our Reps have—affordable full coverage from local providers. Americans who need health care can’t use a tax credit—they don’t have taxable income. When we go to ask our GOP Reps about health, they even lie about showing up.

John Oliver explains: https://www.youtube.com/watch?v=YEGpriv2TAc

Index or brilliant stock picker?

Best stock picker Warren Buffett bet $1,000,000 that an index fund you can buy would beat the brilliant stock pickers running an exclusive hedge fund—a bet he made nine years ago. Since then, a standard S & P index fund overseen by Vanguard is up 85 percent, easily outpacing the hedge funds’ return of 22 percent. The managers get the yachts while investors get the fees. For a short or long term investor, an index wins. For a bear or bull market, an index wins. Retirement savers in 401ks or IRAs beware: you can give up 63% of your potential nest egg using high-cost managers. No one knows the future but we do know that 65% of us don’t know the fees we pay. Some managers imply their advice is FREE. Wall Street takes over $500 BILLION from us every year. Buffett explains why the market average will beat all the brilliant stock pickers on page 21 of his report. He reveals his strategy and why wealthy people DO NOT take his advice.

Use the Buffett strategy: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

FREE tax preparation

Advertising to you is how they pay for free credit score and “free” tax prep

Take your Tax Credits like The Don: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Your tax refund: The PAINLESS way to create tax-FREE wealth

The average refund—fed and state—is about $3,000. How long would it take your INVESTED refunds to reach $500,000? 40 years, 35, 25 or 20 years? It takes 1 hour to start a $1/2 million fund. You do it with a fully-licensed telephone rep not an advisor/broker. Their fees can take 63% of your accumulations over time. Use the Buffett strategy and get to $1/2 million in about 27 years. You invest in America’s best companies earning 11% on average long-term. And a new study by McKinsey found that companies taking a long-term view outperform all others. A money manager gets a bonus for short-term results. It’s your money; you keep your bonus.

Create tax-FREE wealth painlessly: http://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

GOP selling Social Security and Medicare cuts by claiming to “save” program

Ryan and the GOP are using a marketing tactic to cut spending on our programs. Even the AARP advocates “saving” Social Security and Medicare. Our millionaire Reps will cut benefits and thus “save” the program. They want us to leave the details of cutting to them behind closed doors. Everyone is FOR “saving” programs. But cutting the benefits to save them is not what Americans have in mind—it’s a trick. Since most recipients of these programs rely almost exclusively on their benefits, they assume their Reps in Washington will increase them to match inflation. Americans paid for both benefits all their lives and see no reason to limit them because of demographic shifts and Congress’ wasteful spending. When the price of F35 fighters is raised by Lockheed, we pay up no matter whether over budget or not. I should not have my benefits cut because Congress limits the amounts the rich have to pay into the system. I had to pay my 6.2% of salary but anyone making over $118,000 did not have to pay on all theirs.

Congress can undo this American Socialism for the Rich: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Will you have enough income for the rest of your life?

We don’t know if the GOP will get away with cutting Social Security and Medicare benefits. Some of us don’t want to wait to find out so we plan ahead. Of course no one knows how long you and your spouse will live so we must consider our alternatives. Insurance actuaries do this for a living so we can use their estimator to get some idea at http://www.longevityillustrator.org/Profile?m=1. The most important part of having enough is to stay invested in stocks. If you decide you will not take a risk on the long-term return of 11% a year for stocks, even for part of your money, you will need to keep working during your retirement. If we assume one of you will live to age 90, you would need $600,000 to receive $20,000 a year for 30 years; $800,000 for 40 years. http://www.moneychimp.com/calculator/present_value_annuity_calculator.htm

Unfortunately, inflation will make $20,000 worth $5,000 in 40 years. To defeat inflation we need to own stock funds—at least half of all our future money has to earn equity returns. Some advisors push annuities with the guarantee of a fixed but decreasing value. The smart way is to imitate an insurer’s fund yourself. There are no refunds for annuities. Best alternative: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

Beware: Looking good is easy; quality is hard

These ten vehicles were voted ‘less well made.’ They might be OK if you lease for your business but consider that they may need more maintenance than a 3 year old Camry or Accord. Paying a lot does NOT guarantee quality. Mercedes and Dart are both on the list. Foreign and domestic, small and large, are represented. Certain models not to buy. Do your research: JD Power, CR, KBB.com.

Test your insurer for discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

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

We are entering the Twilight Zone:

Rod Serling

The Trump (Bannon) Presidential Style

Remember, Don Trump is still a contractor from Queens NY, just richer than most. As a promoter, his income is from lending his wealth “brand” to other’s buildings and golf. The Don does not like to read so policy is 1 page of MAPS—he likes maps and TV. He conducts secret state business in front of the wealthy, letting them play with the nuclear “football” that can kill us all. Richard DeAgazio might be Russian spy who switched nuclear briefcase on Rick during photo op. Creates fear to control base. Tweets all night.

Real Donald Trump called for lock-step marching by all and remember your brown shirts. When ideology “discards and chops off” the facts and calls world normal.

Conservatives jump into anarchy: “the deconstruction of the administrative state.” Bannon called himself a “Leninist” who wanted to “bring everything crashing down.”

Racist legacy: “get out of my country” supporter kills restaurant patron in KS. Bannon previously articulated his dismay with South Asians supposedly dominate Silicon Valley.

White high schooler brutally assaulted disabled black student: avoids jail time. Racist ID

Jewish sites and graves under attack across US The Don (Bannon) does nothing.

White high schoolers launch verbal assault “Trump, trump, trump” in racist chant.

The Don’s statements, T/F: http://www.politifact.com/personalities/donald-trump/stories/

Promises (lies) and Actual outcomes:

One dictator threatening another dictator with “military force” --who starts war first? N. Korea missiles vs Trump strongman “get tough” talk may provoke missiles.

Pence using personal email for state business (Hillary crime?) and was hacked.

Impeachment:

Americans think Little Dictator has already violated Constitution: gifts from foreigners.

Collaboration on probe by the FBI undercuts the democratic state—no unbiased justice.

The Don accused Buffett of not paying tax like himself: the liar has to hide Russian deal?

Sessions, top cop, lied to Congress re: Russia’s help blasting Hillary: 5 years in prison? No, Constitution's Speech or Debate Clause shields lawmakers from prosecution for lying

GOP votes to hide President’s tax returns forever—Russia’s involvement state secret!

Delusion: These are his “accomplishments” for the month—Signed 12 papers; 12 hired.

WOW, the Don is told that health insurance is “complicated.” No Exec Order fix.

"We have to start winning wars again," but terrorism is beaten by Seal Team NOT bombs

Little Dictator just barred press at WH briefing: The New York Times, CNN, The Hill, Politico, BuzzFeed, the Daily Mail, BBC, the Los Angeles Times and the New York Daily News were among the other news organizations not permitted to attend.

Little Dictator allows immigration officers to use police tactics—no accountability.

Immigrants are part of the success of the American system: ideas, energy, renewal

Deportations will drive up wage workers hourly wages—NOT what GOP intended

Muhammad Ali’s son detained at a Florida airport and questioned about his religion.

Internet steps to have someone you don’t like deported: https://www.usa.gov/deportation

The Don says we, not him, must cut our lifestyle and “live with less”: must buy military.

Cost of guarding Tower, buildings, 2 golfs, airplane, etc, $500,000 a day NYC alone.

The Don pats himself for Obama’s economic growth and drop in debt he did not make.

The Don encourages TX discrimination against Dems in voter ID law. GOP wins.

Mattis, Defense, "If you don’t fully fund State, then I need to buy more ammunition".

The Don blames Obama for protests at town halls of GOP reps.

Obama receives the JF Kennedy “Profiles in Courage” award for service under pressure.