Tax-FREE income means 25% MORE

Tax-FREE retirement income means 25% more

Today we can reduce taxes 10 ways and make sure we are protected by creating an inflation-proof retirement. We need to enter the last 30 years of our lives knowing how we are going to manage it. We need a realistic and flexible plan we can execute ourselves. Financial advisors only want wealthy clients. Most of us are on our own.

    I will guide you through the process. We must create two budgets; avoid income taxes as our money grows; and invest in a way that provides a growing income for 30 years or more. We don't need a broker or advisor. In fact, their fees often take 40-60% of our nest egg over time. 

      Our first task: Re-position assets for lower fees and taxes.

http://www.amazon.com/Cut-Taxes-Retirement-ways-less/dp/1499590954

What makes a successful mutual fund?
This is the only question to ask your advisor when you review your holdings. Recent analysis by Morningstar, unbiased fund evaluator, says that the current top funds will not succeed in the next five years. “… in 2008, stock funds with the best past performance generally did not fare well in the subsequent five years.” The best predictor of success: COST. John Bogle discovered this in 1974 and created Vanguard, the largest fund firm. Buffett agrees. You keep the fees and keep more: http://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Doctors reading writing on the wall of Health

American physicians are leaning more left, an analysis of campaign contributions over two decades show. The first rigorous look at donor doctors also finds they've become increasingly generous, with political contributions surging to almost $200 million in recent years. An increase in female doctors — who more often than men donated to Democrats — and a decline in physicians working on their own or in small practices occurred during study years. Those changes likely contributed but reasons for the political shift are unclear, said study co-author David Rothman, a social medicine professor at Columbia University's medical school.

New health plans can save us $2,000 a year: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

ObamaCare critics change mind after coverage

Bonnita Spikes entered the political fray when she was featured in gubernatorial candidate Douglas F. Gansler's April radio ad lambasting Maryland's problem-fraught health exchange. But as irritated as she was with the implementation of the Affordable Care Act in Maryland, she's been much happier with the treatment she's received after she finally enrolled. Now Spikes has lent her voice to a publicity campaign praising the health reform effort. Save: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Annuity seller goes to jail

Alan S. Lewis faces 20 years for embezzlement, grand theft and burglary of seniors’ retirement funds. He is accused of selling fixed index annuities with a surrender charge. Lewis induced 12 seniors into surrendering individual retirement accounts or annuities for a “less favorable” annuity, according to court documents. The clients incurred a surrender charge that Lewis promised would be offset by the bonus of a replacement annuity. They all lost over $300,000.

Better alternatives to annuities: http://www.amazon.com/The-Best-Annuity-Strategy-Income/dp/1497532019

Advisors caught lying about returns

ZPR Investment Management and Max Zavanelli fined $1 million and barred from selling for claiming his firm’s historical performance results outperforming the benchmark index. He says he was “shocked” by the ruling.

Almost 90% of advisors can’t beat the index.

Go with the smart money: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

Brokers dodge customer complaints with bankruptcy

A John Thomas Financial broker, Scott Levine, was granted a moment of reprieve earlier this month, thanks to a bankruptcy filing on May 13. After incurring multiple customer complaints related to his former firm, which was expelled by the Financial Industry Regulatory Authority Inc. in October 2013, bankruptcy protections afforded by federal law have frozen five customer complaints in which he was named and which carry damage claims that could total nearly $5 million.

Brokers don’t know what the future brings despite what they say: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

American youth abandon Dream

Young adults, age 18 to 34, are most likely to feel the dream is unattainable, with 63% saying it's impossible. This age group has suffered in the wake of the Great Recession, finding it hard to get good jobs. Some 63% of all Americans said most children in the U.S. won't be better off than their parents. This dour view comes despite most respondents, 54%, feeling they are better off than their own parents. Home ownership is no longer part of the American Dream.

College costs up 1200% since 1978; Graduation rate down

According to data from the U.S. Bureau of Labor Statistics, the price index for college tuition rose almost 1,200 percent from April 1978 through April 2014. Consumer prices overall rose less than 300 percent. This is, as one of Rossi’s talking heads says, “unsustainable.” Raising tuition at state U leaves students with unpayable debt, a problem that’s worsened by their seeming inability to graduate on schedule. Forty-four percent of people entering four-year colleges fail to get degrees even after six years. Only ¼ students passed algebra via the FREE online classes. Plumbers still get $150 an hour!

Is Reverse Mortgage right for you?

Sales pitch: Use equity in your home to pay bills and remaining mortgage. Live there for the rest of your life. Just pay taxes and insurance which you would anyway. BOOM, then comes the problems. Conditions change. You can’t pay. They want their money and more.

Consider alternatives first: http://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

GOP socialism?

GOP crazies bring home the bacon

Southern states dominate the list of who benefits most from federal programs. After West Virginia, the rest of the top five recipients of federal money are: Mississippi, 24.0 percent; Arkansas, 22.8 percent; Kentucky, 22.4 percent; and Alabama, 21.8 percent.

What happened to GOP rejection of federal government?

Workers at catholic organizations must live life of celibacy or have kids not wanted

A federal judge has temporarily prevented the U.S. government from forcing nearly 200 Catholic employers to provide insurance coverage for contraceptives under President Barack Obama's health care law.

Terrorist switch to regular mail and ‘smoke’ signals

Vodafone, which has 400 million customers in countries across Europe, Africa and Asia, said in its "Disclosure Report" on Friday that countries in its reach are using similar practices to the US and Britain—tape all calls. While most governments needed legal notices to tap into customers' communications, there were six countries where that was not the case, it said. We are ‘catching’ all the wrong folks.

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

We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany.

Are we preparing for WWII again? There are 1,208,083^[1] armed personnel in the United States. Our taxes pay for about HALF of the WORLD’s military expenditures every year.

We just can’t afford to pay for everyone else’s defenses anymore.

We are paying to insure the wealthiest American teams and businesses

Yes, it is true. The sports associations, along with insurers, developers, banks and the U.S. Chamber of Commerce, say their businesses could be wiped out by a Sept. 11-style attack, unless the U.S. government continues its program to help protect them against losses from terrorism. We have to pay for their insurance even though they are making record profits and CEO $ million salaries. The program guarantees federal reimbursement to insurers once the industry’s aggregate losses from a terrorist incident exceed $100 million. $100 million is chump change to these businesses. They can afford it more than we can.

They don’t want to extend unemployment or the minimum wage but this FREE subsidy is OK??

HOLD ON: Fracking may cause earthquakes under your home

While Reno and Azle residents have only reported around 30 earthquakes to the U.S. Geological Survey, area seismologists have recorded more than 300 quakes in the area since December — many too small for human detection — all clustered around area injection wells.

General Motors fires several employees, including suspended engineer Ray DeGiorgio but leaves attitude “Do not use these words” list—Defect, problem, recall, etc—intact.

“It’s the economy [of GM] stupid” These are the employees who could root out problems for the future cause they know them. 

“It’s the economy [of GM] stupid”

Let's take back the bonuses from the bosses back then instead!

PA Capital denies drugs to seniors—Real “death panels” at insurer not ObamaCare

Capital's "Medicare Advantage" plans and Medicare Part D, which covers prescription drugs frequently made faulty decisions regarding whether drugs prescribed by doctors were covered, causing customers to be unable to get the drugs, or to experience delays. In some cases, customers had to pay "inappropriate" out of pocket costs. In addition, CMS said Capital violated Medicare rules for handling customer appeals and grievances. In a letter to Capital, CMS said, "These failures pose a serious threat to the health and safety of enrollees."

Who owns your account now?

Protective Life to Dai-ichi Life Insurance, Japan

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Are you overpaying taxes?

Are you overpaying taxes?

Federal employees including our Congresspeople owe over $3 BILLION. They have NOT had their wages garnished. They receive bonuses even when they owe taxes. Our corporations are buying foreign firms to avoid taxes. Most millionaires have reduced their rates too. Buffett, Romney, Kerry pay under 17% total tax. Most of us pay 32%. What do you pay?

Avoid taxes and fees. Maximize your savings: http://www.amazon.com/Time-Money-ways-maximize-savings/dp/1499692358

Are you getting what you pay for? Really?

This common philosophy is wrong more times than not. Especially in cars and financial products which are famous for overpriced commissioned salespeople. Tata’s Land Rover, one of the most expensive SUVs is near the bottom in dependable lists, just under VW, and Fiat’s Jeep.  

Financial products have the same trouble: Annuities, perm insurance and brokers are not good for people. They are made for fees. http://www.sec.gov/investor/pubs/varannty.htm

'Scoundrels' Plague Advisory, Broker Industries, SEC Commissioner Says.

Buy Direct and save enough to pay for retirement: http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X/

Wall Street takes 63% of our retirement nest egg

Wall Street earned only 3.69% for retail investors in the last 30 years while smart investors averaged 11.11% by buying the market directly.

Skip the middle person markup and keep 63% more.

http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

Did you lose 40% in recession of 2007-8?

Warren Buffett never got out of the market even though the market fell by 40%. Wall Street ‘professionals’ advised you to sell and many retail investors have not returned. If you followed their advice your $100,000 would be worth $106,000 now. If you had kept your stocks, you would have $150,000. The market has grown8.66% a year from 2007-2013. Your safe cash account grew by 0.9%. The market grew 13.29% since 1980.

Try the Buffett way: http://www.amazon.com/Wealth-Tao-Wu-Wei/dp/1499351348/

Tax-FREE accounts outpace regular IRAs

Growth rates of Roth IRA balances grew at more than double the rate of traditional IRAs from 2010 to 2012. The median increase in the account balance for the group of Roth IRA owners in the study was 16.5 percent from 2010 to 2012, compared with 7.9 percent for owners of traditional IRAs, according to EBRI. Roth IRA balances also grew faster than traditional IRA balances for each age group studied and for each gender, EBRI said. The average individual IRA balance increased from $11,009 for owners ages 25 to 29, to $192,961 for owners ages 70 or older, according to the study.

Tax-FREE means 25% more to spend: http://www.amazon.com/Cut-Taxes-Retirement-ways-less/dp/1499590954/

GOP crazies

House Financial Services Committee met this week for a hearing on “the dangers” of financial regulation. Some members fear we have “ceded U.S. sovereignty over financial regulatory matters to a secretive, unaccountable coalition of European bureaucrats.” ?? Dodd-Frank has still not been implemented so another meltdown could happen. Had a regulator been paying attention to the derivatives markets, would we have gotten such amazing financial instruments as synthetic collateralized debt obligations, which put together the worst parts of bad mortgage derivatives? Would someone have noticed the gambling in credit-default swaps that almost destroyed A.I.G.? The regulators were not paying attention or didn’t understand how big the banks’ bets were. GOP wants to limit regulation again. Current “revisionist history” has persuaded some people that there is no threat of anything similar happening.

GOP crazies

MS law now makes it OK to discriminate against anyone you don’t like if you feel that they would “substantially burden religious exercise.” Baptist preacher and GOP sponsor said he thinks there is bias against Christians and “We’re just trying to take some preliminary steps to ensure that this government protects that [religious exercise].” The bill assures “business owners can refuse to serve anyone they FEEL would violate their religious beliefs and moral convictions.” GOP wants government to regulate business???

This is like the ‘stand your ground’ law that lets you shoot anyone if you FEEL threatened—by their music or race or color or popcorn or creed. 

IN Gov tells GOP crazies to go ‘jump in lake’

"My focus is Indiana and on doing what I believe is right for the people of Indiana, and I've been very encouraged at the very broad and bipartisan support that our Healthy Indiana Plan 2.0 has received across the state," Pence said. "I'm proud of the work we've done." Under HIP 2.0, the state would use federal funds generated by the Affordable Care Act, also known as Obamacare, to pay for a high-deducible health program for some 450,000 able-bodied, low-income Hoosiers -- as an alternative to expanding Medicaid eligibility. Conservatives from the Heritage Foundation, Chicago's Heartland Institute and other think tanks condemned Pence this month for going after Obamacare money and seeking to use it to create a new entitlement program.

GOP crazies already have their insurance plans paid by employers

Why do we pay for these programs? GOP socialism?

We pay for government-backed terrorism insurance and loans for buyers of U.S. exports. GOP party’s leaders, backed by industry groups that disagree with Rep Hensarling’s free-market philosophy, have stymied his plans to abolish Fannie Mae and limit federal flood insurance. Hensarling led House opposition to the $700 billion bank bailout in 2008, calling it a “slippery slope to socialism,” and voted against Dodd-Frank two years later.

We taxpayers must subsidies these programs that GUARANTEE businesses a profit.

This is not FREE ENTERPRISE but socialism for the rich. We pay in taxes.

Long-term care insurance premium rises 25% in CT

Allianz Life Insurance Company of North America is seeking permission to increase premiums an average of 25 percent on some long-term care insurance (LTCI) policies sold in Connecticut. The rate increase requests would affect about 600 policies sold from 1993 through 2009. Allianz Life stopped selling LTCI policies in 2010.

Consider alternatives before buy: http://www.amazon.com/Long-term-Care-Insurance-Updated-Edition/dp/148274001X

Companies have weather derivatives that pay for global warming—How about you?

Insurance companies, despite GOP denials, are preparing for the varied effects of climate change, and providing more coverage against natural disasters. The price is bound to go up as more damage strikes every homeowner.Lock in coverage for wind, flood, and power losses NOW. http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870

Self-employed benefit from ObamaCare too

Study found that more than 30% of artists are self-employed compared with 10% in the general population, and rates of uninsured are typically higher among the self-employed than others. In the entertainment industry, actors and other movie workers typically get insurance through their unions. But many say they don't get enough hours or steady work as actors to meet the income requirements to apply. Use all your discounts:http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Health insurance enrollment exceptions—in case you missed deadline

Previous HHS guidance has already stipulated that a special enrollment period of 60 days is triggered following life events including: a change in family status (i.e., marriage, birth of a child); loss of other health coverage; errors, misrepresentations, or inaction by an officer, employee, or agent of the exchange or HHS; obtaining the status of U.S. citizen; or exceptional circumstances, such as natural disasters like earthquakes or floods.https://www.healthcare.gov/how-can-i-get-coverage-outside-of-open-enrollment/

Broker fiduciary rule delayed again

Financial industry lobbyists have won again. Labor Dept has given up on the rule to make brokers give us the best product “for our benefit, not their" this year. Putting off the requirement until next year, we are on our own and buyer beware is the attitude with every broker/advisor contact. Better to do it yourself and keep 63% more.

http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

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

We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany.

Are we preparing for WWII again? There are 1,208,083^[1] armed personnel in the United States. Our taxes pay for about HALF of the WORLD’s military expenditures every year.

We just can’t afford to pay for everyone else’s defenses anymore.

Bad mortgage salespeople found new scam

Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S.housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit. People trained by a veteran of Jordan Belfort’s boiler room call truckers, contractors and florists across the country pitching loans with annual interest rates as high as 125 percent, according to more than two dozen former employees and clients. When borrowers can’t pay, Naidus’s World Business Lenders LLC seizes their vehicles and assets, sometimes sending them into bankruptcy.

CEO's pay 257 times higher than workers’—new record

CEO pay in the US surpassed eight figures for the first time, according to a new study. The typical CEO now makes 257 times more than the average worker, whose wages have barely budged in recent years. CEOs got8.8% pay raise over 2012. Between 1960 and 1990, CEO compensation hovered well under 100 times worker pay.

Inequality has no limit.

Hedge fund busted

Three former executives of a failed Connecticut hedge fund pleaded guilty to conspiring to mislead their clients to keep their largest investor. David Bryson, Bart Gutekunst and Richard Pereira each pleaded guilty to one count of conspiracy to commit wire fraud. All are free on bail, and face up to five years in prison when they are sentenced in August.

Broker allowed to continue to mislead us again

Max E. Zavanelli found guilty of “misleading” the public in advertisements. He compared his success at investing to the legendary Fidelity Investments manager Peter Lynch. Mr. Zavanelli was previously found, in 1987, to have violated the law for misleading claims about investment performance and his educational background, according to the SEC. He settled the charges without admitting guilt.

Driverless car runs on computer—what happens if hacked?

“In other words, can some 14-year old in Indonesia figure out how to do this and just shut your car down … because everything is now wired up?" Rockefeller said Wednesday during a Senate Commerce Committee hearing. Like GM cars, they shut down while driving--no airbag either. 

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Avoid fees and taxes--boost earnings 25%

Avoid higher fees and taxes—boost earnings 25%

Average mutual fund managers are getting more money and it is coming from you. Fees average 1.44% each year no matter how well or poorly they do. Over time this fee can cost you over 50% of your possible account. Pension funds pay only 0.05% for the same performance. They don’t pay taxes either so why should you, especially in retirement?

Why pay more for less? Reduce Fees and Taxes: http://www.amazon.com/Cut-Taxes-Retirement-ways-less/dp/1499590954

Our “representatives” in Congress and staff owe IRS over $8 million in back taxes

“About 4.9 percent of all House employees, including lawmakers, have an unpaid tax liability. Those 486 employees owe Uncle Sam about $5.8 million. Across the Rotunda, Senate staff and legislators have a 3.2 percent delinquency rate, with 228 employees owning $2.7 million in taxes. The IRS had paid $1 million worth of performance awards to about 1,100 IRS employees with tax-compliance problems.”

Congress writes the laws but can’t seem to abide even for “do-nothing” jobs.

Complete federal agency list: http://www.washingtonpost.com/wp-srv/politics/irs-federal-workers/index.html

Stock analysts are wrong 60% of the time

“… professional investors are seriously overconfident… They exhibit ‘herding’ behavior. … they are right about 40% of the time—which is worse than pure chance! You are better off NOT paying an advisor and flipping a coin. In fact, the 2014 QAIB study shows that you earned just 3.69% vs the market’s 11.11% over 30 years. The stock market’s 11.11% compounded would have made you a millionaire by now. Try the Buffett way:http://www.amazon.com/Wealth-Tao-Wu-Wei/dp/1499351348/

Survey says workers are investing the Buffett way--not using salespeople

About two-thirds (63%) of workers with 401(k)s are going it alone, managing their own investments. About half of those folks (54%) are unengaged, that is not taking an active role in managing their account, says a data analysis of 13 million participants in Fidelity Investments 401(k) plans across the country.

Buffett advice: Set it and Forget it

http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

Collect on your ex-spouse’s Social Security benefits??

If you are at least 62 years old and you are not currently married, you may collect retirement benefits based on an ex’s earnings record. If you have been divorced for at least two years, you can collect benefits on your ex even if they have not yet claimed their retirement benefits. Strange but true.

Maximize your benefits: http://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

Why homeowners are switching to cats for protection

https://www.youtube.com/watch?v=dKF3U9UWrBI

Dog bites account for more than a third of the money insurers pay in homeowners' liability claims. Last year, dog bite liabilities in the U.S. cost insurers $483 million, according to the insurance institute and State Farm, the largest insurers of homes. http://www.propertycasualty360.com/2011/07/27/top-7-dangerous-dog-breeds

Make sure your dog is covered by your insurer before the $1 million suit.

1 in 4 of us has $0 nest egg

A recent COUNTRY Financial Security Index^® survey sheds light on a more concerning factor. One in four (25 percent) Americans, across all age groups, admit they are not saving at all for retirement, or they are unsure.  

Even more alarming are the four in ten (38 percent) of those 40 and older who say they regret decisions they've made with their retirement savings, namely not starting to save early enough (47 percent). Perhaps this is why Americans are not confident that a secure retirement is a viable option. Nearly half (46 percent) say it's not possible for a typical middle-income family to save for a secure retirement. This is two points higher than this time last year and the most to say this since March 2011.

Use savings from insurance to buy a Tax-FREE nest egg: http://www.amazon.com/Build-Wealth-Without-Extra-Money/dp/1448677505

University presidents getting rich on student debt

Student debt is highest at public universities that offer larger-than-average executive compensation, according to a new report from the Institute for Policy Studies.

The report — titled "The One Percent at State U" — found that executive compensation was "closely related" to a number of financial issues in higher education, including student debt and low-wage faculty labor. "Though it has been rising everywhere, average student debt of graduates in the top 25 public universities with the highest executive pay increased 5 percentage points more or 13% faster than the national average from summer 2006 to summer 2012," according to the IPS report./Additionally, IPS reports that they "found that adjunct (part-time) and contingent (temporary) faculty grew much faster than the national average when executive compensation soared at the top 25."

Use tax-FREE money for college: http://www.amazon.com/Education-Funding-Save-right-plan/dp/1482549956/

Storm coverage is cheaper now

Insurance companies, despite GOP denials, are preparing for the varied effects of climate change, and providing more coverage against natural disasters. The price is bound to go up as more damage strikes every homeowner. Lock in coverage for wind, flood, and power losses NOW. http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870

Long-term care insurance sales off 33%

Some LTCI carriers have said they are making intentional decisions to reduce LTCI sales, or to insist that any buyers pay relatively high premiums, because of concerns about low interest rates, uncertainty about underwriting, and restrictions on coverage price changes. Check alternatives before purchase:http://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X

Social Security and state pensions cut 25%?

Social Security benefits could be cut by 25 percent if Congress does not act soon, Social Security Administration Chief Actuary Stephen Goss warned a Senate panel today. He noted trust fund reserves for disabilityInsurance are expected to be at zero by late 2016. Goss said one-third older Americans have little retirement income outside of SS benefits. The Heritage Foundation said the spousal benefit for Social Security has become outdated because many women have worked long enough to get their own payments. AARP said one proposal -- to improve the health of the Social Security trust fund by reducing the cost-of-living adjustment -- would force many women into poverty. State government employees face possible pension cuts of 20% due to changes in pension funding. Since the financial crash of 2008-2009, 45 states have changed their pensionplans, a new study by the National Association of State Retirement Administrators (NASRA) and the Center for State & Local Government Excellence (SLGE) reports.

Maximize your benefits before reductions: http://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

JPMorgan chief Jamie Dimon supports pensions for Detroit workers

JPMorgan Chase CEO Jamie Dimon said Detroit's bankruptcy likely won't have a lasting effect on Michigan's borrowing costs or the municipal bond industry, even as bondholders cry foul about the city's proposed debt cuts. Dimon also said today that he's very sympathetic to Detroit retirees with $20,000 pensions. The average Detroit civilian retiree pension is about $19,000. Detroit emergency manager Kevyn Orr has proposed paying only 60 cents on the dollar for unfunded pension claims.

Other city and state employees may lose pensions. NJ gov Christie promised to fix former Democratic pension under-funding but last week reneged on his promise. He is keeping his tax cut for the rich however. He got a helicopter to go to son’s games which he is not returning.

We are on our own: http://www.amazon.com/Build-Wealth-Without-Extra-Money/dp/1448677505

70% of uninsured never heard of health care subsidy

Researchers say the survey findings indicate that more and better outreach is needed to educate uninsured people about free or low-cost health insurance through expanded Medicaid programs or subsidies to help them purchase health insurance in the new marketplaces. "They found in Massachusetts, with "RomneyCare," that the individual mandate penalty absolutely motivated a lot of people to purchase insurance," she says. "The Obama administration understandably tried to emphasize the positive, but people need to understand that the mandate is not insignificant -- they could be hit with a big tax bill if they don't buy coverage."

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

We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany.

Are we preparing for WWII again? There are 1,208,083^[1] armed personnel in the United States. Our taxes pay for about HALF of the WORLD’s military expenditures every year.

We just can’t afford to pay for everyone else’s defenses anymore.

GM recalling ‘all’ vehicles

General Motors is recalling a total 2.42 million vehicles to fix four separate safety flaws, nearly matching the 2.6 million cars GM recalled earlier this year for a deadly ignition switch flaw. Safety lap belt cables can fatigue, shift cable that could wear out, passenger side air bag, generator fuse block need fixes.

GM is aware of 18 crashes and one injury among the 4-speed Malibu and G6 population.

GM stopped sale of the 2015 Escalade and Escalade ESV.

Silverado HD and GMC Sierra generators make fire.

Wolf restores the sheep

Jordan Belfort, the real-life "The Wolf of Wall Street," expects to earn more this year than he made as a broker, allowing him to repay his fraud victims. Belfort spent 22 months in jail for money laundering and securities fraud in the 1990s after his Long Island-based Stratton Oakmont Inc. defrauded investors out of more than $200 million. He is a “motivational”??? speaker on tour to earn $50 million, his fine.

“I got greedy,” Belfort said today. “Greed is not good”. The f-word is used 569 times in the movie, more than any feature film ever made. His legacy?

CA seizes Alameda Alliance for Health

"The crisis is not simply a matter of bookkeeping woes," said a court memo by Carol Ventura, deputy director of the state Department of Managed Care, which regulates health plans. Ventura wrote that the Alameda-based insurer could also be committing "serious violations" of state law by not promptly paying back some 280,000 backlogged claims.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Tax evaders we pay for

Tax evaders named by another Swiss bank Swisspartners

Swisspartners helped wealthy American clients hide income from the IRS between 2001 and 2011, according to the non-prosecution agreement (no banker goes to jail) filed in federal court. The companies created sham foundations and other entities that served as the nominal owners of bank accounts in Switzerland,Liechtenstein and other nations. In reality, assets and income in those accounts belonged to American clients. In another case, Credit Suisse bankers from 2001 to 2008 helped as many as 22,000 Americans with $12 billion in assets duck paying the IRS.

You can avoid taxes legally with the IRS § 408 account: http://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441 And it is FREE to set up.

Stealing us blind: Investors sue over fees

BlackRock faces potential class action by investors who assert the firm has breached fiduciary duty by charging exorbitant fees. The world's largest money manager keeps too much of the value generated by one of its funds even as it gets larger and cheaper to maintain, according to the suit. "The issue we're focused on is the difference between what BlackRock charges the funds and the fees BlackRock negotiates with other firms at arms' length."

You don’t need the fees to earn 11% over time: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

Doing Nothing but staying invested in the market beats trading

Retail Investors earned an average annual return of just 3.69 percent for the 30 years through 2013. The S&P 500 market index returned 11.11 percent during the same period according to DALBAR’s annual Quantitative Analysis of Investor Behavior. Investors tend to buy and sell in a frenzy based on advisors and broker buzz. Trythe Buffett way: http://www.amazon.com/Wealth-Tao-Wu-Wei/dp/1499351348/

Europe court to Google: remove our bad info links

Europe's highest court ruled Tuesday that people have the "right to be forgotten" and can ask Google to remove some sensitive information from Internet search results. The court ruled that Google, if asked to do so, must amend links to information shown to be outdated or information deemed to be irrelevant. "An Internet search engine operator is responsible for the processing that it carries out of personal data which appear on web pages published by third parties," the judges added. The case followed complaints from a man in Spain who argued that when Google's search results revealed details about an auction of his repossessed home that infringed on his privacy rights.

GOP crazies denounced by Rand Paul … but he does not make the rules

“Everybody’s gone completely crazy on this voter ID thing,” Mr. Paul said in an interview. “I think it’s wrong for Republicans to go too crazy on this issue because it’s offending people.” After his meeting with the pastors inMemphis, Mr. Paul traveled a few blocks to address the Republican gathering, but he made no mention of voting rights.  Many of the claims of voter fraud amount to a great deal of smoke without much fire. The allegations simply do not pan out according to this legal analysis. http://www.brennancenter.org/publication/truth-about-voter-fraud

GOP crazies try to win 2016 election with warming denial

Rubio, R-Fla., said definitively that he’s ready to run for president in 2016 and he doesn’t buy into the “notion” that laws or human actions can contribute to climate change although much of Florida has been severely endangered by global warming.

“I don’t agree with the notion that some are putting out there, including scientists, that somehow there are actions that we can take today that would have an impact on what’s happening in our climate,” Rubio said. “Our climate is always changing.”

A glacial region of western Antarctica that's already melting rapidly has passed "the point of no return," according to NASA which estimates the glaciers, in the Amundsen Sea region, contain enough water to raise global sea levels by 4 feet. 

GOP Crazies: Rubio to make Medicare a voucher plan we pay the difference!

Running in 2016, he thinks changing Medicare into a premium-support program in which the government would provide a subsidy that people could use to purchase private insurance coverage. Vouchers were torched the last time the GOP proposed this because insurers do NOT want to insure seniors. No one wants an insurer CEO deciding to pull the plug on Granny’s life-support. CEO bonus depends on it.   

End to employer-paid health-benefit even if guaranteed in contracts

The Supremes agreed to rule on whether employers can unilaterally end retiree healthcare benefits, even when they're negotiated as part of a union contract. Federal law prohibits the unilateral reduction of retirement benefits retroactively. ERISA doesn't cover health benefits. "When employers do offer retiree health benefits, nothing in federal law prevents them from cutting or eliminating those benefits--unless they have made a specific promise to maintain the benefits."

Employer promises will have no meaning in future!

USAA lowers premiums for some CA homeowners

USAA homeowners and condominium policyholders in Sacramento County will save an average of $167. "This rate decrease is made possible in part by our low expense ratio, and our members' efforts to maintain their homes and prevent losses," said Jeff Dixon, vice president of P&C insurance property product management at USAA. "USAA is committed to partnering with our members to prevent losses, which is why we're also introducing a new insurance discount for members in communities that are working together to reduce wildfire risks by forming a Firewise community." USAA is run for the benefit of vets and family only. Agents receive salary. CEO is not overpaid. Use all your discounts: http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870

Fewer die with RomneyCare

The mortality rate in Massachusetts declined substantially in the four years after the state enacted a law in 2006 mandating universal health care coverage, providing the model for the Affordable Care Act. The Harvard study adds to a growing body of evidence that having health insurance increases a person's life expectancy. Mortality rates vary widely among states. Mississippi, Alabama, West Virginia, Oklahoma,Kentucky and Louisiana have the highest age-adjusted rates. 

Unfortunately, all but Kentucky refused ObamaCare.

Advisors are “scoundrels” and “cockroaches,” SEC says

The investment advisor and broker-dealer industries are plagued with too many repeat-offender “scoundrels” and “cockroaches,” SEC Commissioner Daniel Gallagher said. “Despite our best efforts, they manage to stay in the industry and continue to wreak havoc on the investing public.” Gallagher noted that 20 percent of the more than 600,000 actively licensed registered representatives in Finra’s BrokerCheck database have one to five disclosures for items such as customer complaints, regulatory violations, terminations, bankruptcy, judgments and liens. “There are plenty of repeat offenders at investment advisory firms who are engaging in misconduct. We’re just not finding them as quickly because no resources.

Buyer BEWARE: Manage your money the Buffett way: http://www.amazon.com/Wealth-Tao-Wu-Wei/dp/1499351348/

College experience determines happiness not tuition

The Gallup-Purdue Index found that elite schools fared no better than less selective private and public schools in ensuring graduates' well-being. The factors that do matter - feeling supported by a professor or mentor and having deep learning experiences - are, at least to some extent, factors that families can search for and control, Busteed said.

"In many ways, it's a very encouraging study for most of America," he said. "It doesn't really matter where you go. It matters how you do it."

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

We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany.

Are we preparing for WWII again? There are 1,208,083^[1] armed personnel in the United States. Our taxes pay for about HALF of the WORLD’s military expenditures every year.

We just can’t afford to pay for everyone else’s defenses anymore.

Who owns your account now?

Consumers Insurance USA to Motorists Mutual

Sunshine State Insurance to United Property and Casualty

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Why send your taxes to states that don't want them?

Why send your taxes to states that don't want them?

Many of the red states take more of our tax dollars than they pay in. If they hate the federal government so much, why are they taking all the money? If Texas wants to succeed, why rely on my taxes to do it. See your state:

http://finance.yahoo.com/news/states-givers-takers-152624695.html

Best time to start an IRA?

Parents can guarantee their child a future when they start their first job (even chores). You can match your child’s earnings in a Roth IRA and give them a head start on college, home, business, a brighter future. With each $100 they earn, you can place $100 in a Roth IRA. If they have $12,000 in their Roth by age 21, it could grow to a $1 million by age 66. Better than child life insurance. If they keep adding to your gifts, they could have $70,000 in 10 years, $200,000 in 20, and so on. They can even borrow from their Roth for emergencies with no tax or penalty. Start today: http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

Need health care insurance?

If you were just laid off or are using a COBRA policy, you may be able to take advantage of the ObamaCare subsidies for a policy at substantial savings. For those who still have COBRA coverage, purchasing coverage on the marketplace could save thousands of dollars a year. Under COBRA, you pay the full cost of your old employer’s coverage. Through Obamacare, individuals and families can purchase coverage that, depending on their income, could be subsidized by hundreds of dollars a month. Call 1-800-318-2596 to activate the special enrollment period and tell the representative that you are calling about their COBRA benefits and the marketplace. If determined to be eligible, they may shop online or over the phone. They are allowing special enrollment periods for those whose individual market plans are renewing outside of open enrollment and for AmeriCorps, VISTA and National Civilian Community Corps members. In addition to the special enrollment periods, the Affordable Care Act also permits people to shop for coverage if they undergo significant life events, including loss of a job, divorce, marriage and birth of a child, among other things.https://www.healthcare.gov/how-can-i-get-coverage-outside-of-open-enrollment/

NJ pays highest health care premium

New Jersey customers had the highest average monthly premium for family plans, at $987 a month. For individual coverage, New Jersey shoppers chose plans with the third-highest price tag — $346 a month — below only New York and Massachusetts.
One factor driving those high costs was their choice of policies with lower annual deductibles. The average deductible for a family plan chosen by New Jersey customers was $3,912 — the second-lowest behind onlyMassachusetts. By comparison, deductibles chosen by residents in Alaska, Illinois and Texas topped $10,000. Offering more people health insurance could save tens of thousands of lives nationwide in the coming years, a new analysis of data from Massachusetts, whose trailblazing reforms became the model for President Obama's health law, suggests. Buy only what you need: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083/

Supremes may force lower 401k fees

A long-awaited case about employers’ duty to offer low-cost mutual funds in their 401k may be heard this year. The U.S. Department of Labor calculates that a 1-percentage-point difference in costs for a 35-year-old worker could reduce a retiree's account balance by 28 percent at retirement age. The case charges that California-based utility Edison International (Tibble v. Edison International) offered mutual funds carrying retail share price fees, when the same funds could have been had at lower institutional prices. The higher expenses paid by plan participants were shared by the mutual funds and the plan's record keeper, the lawsuit charges. In turn,Edison allegedly received a reduction from the record keeper in the fees it pays for plan administration. Pension funds usually pay less than 0.25%. Check your fees: http://www.brightscope.com/

If your employer does not match your contributions, you can buy a tax-FREE retirement with costs under 0.20% not 1.5%: http://www.amazon.com/Your-Pension-Box-tax-FREE-employer/dp/1481945157

GOP Crazies say ObamaCare healthcare=Holocaust death sentence

“Democrats bragging about the number of mandatory sign ups for Obamacare is like Germans bragging about the number of mandatory (sic) sign ups for “train rides” for Jews in the 40s,” TN State Sen. Stacey Campfield.

GOP Crazies pass laws to ban car-sales competition in MO, NJ, TX, AZ

The challenge in Missouri comes as Tesla appeals New Jersey’s March decision to ban direct auto sales by manufacturers and the company works to keep selling Model S sedans at its Massachusetts stores. While Texasand Arizona also bar direct sales of Teslas, the Palo Alto, California-based company worked out arrangements inOhio and New York this year to keep selling in those states.

And the GOP says it wants FREEDOM from regulations?!?

Insurers say most applicants have paid ObamaCare premiums

Paul Wingle, the executive director of exchange operations and strategy at Aetna, said: “As of the third week of April, Aetna had over 600,000 members who had enrolled and roughly 500,000 members who had paid. GOP commentators were claiming ObamaCare failed again.

GOP House committee says climate changes not linked to humans

The House Energy and Commerce Committee Tuesday voted down by 2 votes an amendment that would have stated conclusively that climate change is occurring. For the sake of coal and oil company profits and House members’ campaign coffers, the world will lose millions of miles of coastline from 53 meters of rising water sooner than they think.

IL drivers pay more

State Farm, Illinois' biggest car insurer, plans to raise its auto rates in the state by an average of 2.3 percent starting May 26. Shop and use your discounts now: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/

BEWARE: UBS out to take more fees from your accounts

CEO challenges brokers to do more lending and boost margins. UBS chief executive Robert McCann raised targets for the firm's 7,100 financial advisers, saying lending and managed accounts would boost profit margins. A critical component was increasing the number of advisers providing clients with high-cost mortgages. Also the goal is to have more than 40% of client assets in managed accounts in the next three years, he said. Managed accounts have high fees no matter how much you gain or lose. UBS wants to cut the expense of paying brokers to move from other banks.

Use Buffett’s strategy and avoid high fees for poor returns: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

The Patience Way to Wealth The Wealth Tao: Wu wei (Do Nothing)  by Zhou Wang

Patience is important in life and in building wealth. Most investors are not patient so most investors are not wealthy. In fact, the average investor earns only 2.56% annually according to DALBAR’s annual Qualitative Analysis of Investor Behavior. Mr

Buffett's strategy of patience is the most successful. He earns about 20% a year compounded over time. “The stock market is a device for transferring money from the impatient to the patient.”      Warren Buffett

Try the patience way to wealth: http://www.amazon.com/Wealth-Tao-Wu-Wei/dp/1499351348/

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

We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany.

Are we preparing for WWII again? There are 1,208,083^[1] armed personnel in the United States. Our taxes pay for about HALF of the WORLD’s military expenditures every year.

We just can’t afford to pay for everyone else’s defenses anymore.

Our tax money, $1 billion to Russia for helicopters ship to Afghanistan?
Can you believe our ‘reps’ are so stupid? Lobbyists win again. No bid contracts. OMG

We make great helicopters in PA. Let the Afghans buy their own f___ helicopters.

Why using spy plane over LA? Are there skinhead missiles there?

A spy plane was responsible for a computer glitch that caused air-traffic chaos in western US states last week, the Federal Aviation Administration has revealed. The meltdown occurred when software incorrectly thought the plane was on a collision course with other airplanes. The system was overloaded as it struggled to plot new courses for affected aircraft. Hundreds of planes were grounded at Los Angeles International airport.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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