National sales tax

GOP new tax plan gives to rich; takes from poor—socialism for rich

Ryan’s stimulant plan wants to lower the top tax rate from 39% which no one pays to 33%, cut corp rate to 20% from 35%, cut capital rate to 12.5% from 15%. This “tax cut for growth” plan failed in KS but GOP ignores disaster. GOP pays for cuts by adding a “consumption” tax—a socialist-style sales tax. You and I will pay extra tax on purchases: EVERYTHING. Socialist countries call it VAT, ad valorem tax. Trump’s Mr Christie already started with gas tax in NJ. (Wealthy use jet fuel not regular.) Your federal income tax will be 12%, 25%, or 33% up from 10%. We lose deductions for state and local tax plus our mortgage interest. So Mr Buffett and Trump would pay less than 17% total tax now and we would pay more than the 32.9% total we pay now. This is the tax scheme that Greece has and everyone avoids paying tax by using the underground market or send their money outside the country. Many US corps and rich send their money overseas too.

Shield your future from taxation: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Is your advisor taking too much of your earnings?

Your advisor’s 2% costs—fees, commission, trading taxes, poor timing—may be taking 63% of your potential nest egg over time. Do the math. If you earn 7% and they take 2% you may be giving away the best part of your retirement. There are non profit money managers that are better for you and your future. That is what the “fiduciary rule” is all about. Why would the industry be fighting the “best product for you” rule? Who do you think pays the $560 billions they take each year? You put up the money. You take the risk. You should pay them only if they can do better than average, right?

Pay less—earn more: https://www.amazon.com/Millionaire-Mutual-Funds-Save-Fees-taxes/dp/1534939490

Did your portfolio lose 4% last Friday?

World events cause people who are impulsive to lose money. If you sold, you just locked in a loss. Ask yourself, do the companies you own derive ALL their earnings from Briton or the EU? If you own a portfolio of stocks like most broad index funds or ETFs, isn’t this event exactly WHY you own a group of stocks? If you sold, how will you know when to buy back your shares? Will you be happy with 1% from cash equivalents for the whole year? What if stocks bounce back to earn 7% for the year? Will you be angry with yourself or advisor?  Is it likely that you will end the year with a loss from a well diversified stock fund? If you didn’t sell, is this a good time to buy more? If you sold, how do you plan to pay for all those taxes? Advisors don’t have to pay your taxes.

Buy when there’s a sale:  https://www.amazon.com/basic-facts-about-learned-before/dp/1534665544

HALF of us have less than 3 month’s security

30% of us have NOTHING in reserve. If we lose our job or car brakes, we must borrow or make a big change. Looking for another job or brake job without money is tough—even impossible. Make a start with loose change. Every day drop change into a jar and keep it safe. You may make saving automatic by depositing your tax refund (average $3,000) into your savings account. You can even buy a 5 year CD so you earn more and you are not tempted to cash it in. You won’t mind the penalty if it is for a real emergency. Some people even keep a credit card/home equity line in the freezer for tough times.

Keep it simple: https://www.amazon.com/Simple-Financial-Life-paycheck-paycheck/dp/1441499326

Video: How to reach any money goal—10 minutes can save your ‘life’: https://www.youtube.com/watch?v=pUtd3B4jFXY&feature=youtu.be

Millennials lost hope in Social Security—future security insecure

Most workers under 30 see Congress ending SS benefits as we know them. Bern’s promise to expand SS was heard but not believed. Like “free college,” we just don’t see the GOP letting it come to a reality. Lobbyist like Wall Street and NRA have captured the democracy’s process of creating a path to future. Don is looking backward. Review

Jack Kennedy’s challenge: So let us begin anew — remembering on both sides that civility is not a sign of weakness, and sincerity is always subject to proof. Let us never negotiate out of fear. But let us never fear to negotiate. Let both sides explore what problems unite us instead of belabouring those problems which divide us.

Hope for best; plan for worst: https://www.amazon.com/Are-you-ready-retirement-worst/dp/1491002662

What is your retirement income withdrawal strategy?

Annuity money is taxable as income not capital gains. You have to start liquidating your IRA and 401k by age 70.5 using the IRS-timetable not yours. Which account do you tap first? And last? Which assets to give to family now vs legacy at death? Will you owe estate tax and how can you avoid it? States have estate and inheritance tax starting as low as $25,000. Do you need a planner or lawyer? Who inherits your IRA set up 30 years ago? Does your ex’s family receive anything? Should you convert your IRA to Roth IRA? Make your plan or gov uses its plan: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Taking free money at work?

Are you passing up FREE money at work? If you have a 401k or pension plan, does it offer to match your contribution? If there is no match at all, you should consider starting your own. Yes, you can obtain FREE money for your own pension account. For each $3,000 you contribute to this self-directed pension, you get $30,000 in gains FREE of income tax. You get 25-30% FREE money because fed and state taxes are NOT due. How? https://www.amazon.com/Millionaire-Mutual-Funds-Save-taxes/dp/1534939490

Does our President need to be smart and truthful? Do they even care about truth?

            (a summary of the GOP Presidential debates) (history: GOP has the final candidate by Feb 17)

                        What does Trump’s National Socialism stand for?

Increase subsidies to oil gas, corp farmers, Boeing, big business tax cuts

Don will cut Medicare and SS benefits “if tax cuts don’t make big surpluses”

Cut funding for un-wealthy, poor, schools. seniors, underemployed, kids, sick, etc.

Reinstate older white male value system: Make ‘WASP” America Great Again

Reinstate Christianity as the state religion—bar all others from public office

Reinstate Christmas and Christian observance in schools, home, court, stores, marriage

Put secessionist’s flag back in public spaces - cemeteries, courts, state houses.

Put up a wall, end trade, bring back repetitive “robotic” jobs back from low wage areas.

Cut regulation of all business activity, lower wages for women, pregnancy

Climate change is a hoax. Let oil companies drill anywhere. XL pipeline approved

Replace ObamaCare: no mandate (tax credit so you can try to find your own like before)

Cut federal spending on health especially when control women clinics, Zika

Cancel immigration for all from non-EU countries. Invest in security, guns, fear.

Voter suppression of DEMs (even in Brooklyn) Latins, blacks, poor, students.

GOP gerrymandering so they can’t lose some districts … ever.

Replace judges whose parents came from a non-EU country or any non-Christians.

Limit rights of non-Christians, Muslims, gays, Indians, Asians, protesters, press

Increase debt and devalue debt. Let Mexico pay for the Wall by taxing imports we buy

Create tariffs on imports so we pay $6,000 more for stuff we buy. Middle class tax.

Trade pacts are no good for us and no good for our workers.

Abolish IRS, EPA, Education, Dodd-Frank financial protections, consumer protections

National right to buy and carry any firearms anywhere anytime by anyone age 2 and up.

Install voter ID restrictions designed to lower Dem voter participation – proved in court

Install state gov that cuts Medicaid, education, federal payments, infrastructure like KS.

“Lust for executive power”—GOP House leader thinks Don wants to just snap fingers.

“I could stand in Fifth Avenue and shoot somebody and I wouldn’t lose any voters.” 

Don’s rallies begin with crazies denouncing supporters--thrown out as “protestors.” 

“It’s hard to reason with people who don’t care about good policy, logic or sound information.”

“The only thing necessary for the triumph of evil is for good men to do nothing.” E Burke

Don:    I will “overhaul America like I have overhauled” my Scotland golf course 

            (Scots were pushed from homes, offered fake jobs, sued, threatened over turbines)

            Waterboarding isn't "tough enough." CIA: it doesn’t work. It will when I do it!

            I asked foreign leaders for money even though it’s illegal. I am ‘The Donald.’

            “If I were pres, Supremes would NOT have reversed TX abortion ban.

            "That could be a Mexican plane up there (in NH) they're getting ready to attack."?

            Promises made on TV not kept off TV: McMahon, Vets, Others

            My real money went to anti-Indian casino marketing--that’s business, dude.

Hill:    My coworkers taking the 5^th on my emails? They don’t know what I did last summer.

             Looks like 1964 all over again. Goldwater had same message for racists and lost.

Paul: ‘This is one of my big concerns:’ Don’s “lust for executive power.” But he’s it.

           

Bern:   I will work to keep Don locked in the Tower.

            Brits are trying to turn back time to old white male world like Don says he wants.

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

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill requires impossible: every person in class action suffer “same type and scope of injury”)

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

.VW offer for your fake clean diesel. Fixing 3L VW, Audi, Porsche diesel cars SUVs.

.Ikea takes back dressers that kill kids—only after 6 are dead, 36 hurt—mass killing?

.Now Ireland visit requires a passport again. Scotland next? Brits got more red tape.

.Prius and Lexus 2008 to 2012 recall 1.4 million bad non-Takata airbags

. BancorpSouth Bank fined for discriminatory mortgage lending practices on blacks.

.% of Americans who own guns has dropped to a new 40-year low but owners buy more

.1^st death by autopilot: car radar can become “confused” when passing large reflective truck

(“more deaths can be expected as the autonomous technology is refined.”

.judge blocked MS law that would've allowed businesses to discriminate gays because religion.

.Honda owners with 2001-3 Takata bags told to stop driving them till fixed

.PlannedP will fight for women’s choice in other states after Supremes reversed TX ban.

.Trump caught using others’ money to claim charity deduction himself: $10K not $8 mil

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

Best cars with fewest problems 2016 led by Kia

Surprise! Top quality car is Korean. Lexus and Lincoln tied at 8^th. Rover, Volvo, Fiat,             Smartcar hit bottom.

SCAMS

Tombstone had gun control for good reason—it reduced deaths.Congress helps terrorists! 

Gun-toting replaces having pride, good-paying job, community—my “chip” now.

               “Restrictions are seen as a personal affront to men who find in guns a sense of duty, relevance and even dignity. I’m "good guy with gun" protecting my own—don’t mess with me.”

$7 million and 2 years of hearings, lot of free press for GOP, but no indictment for Hill.

Playing games with our lives and unborn children—GOP: no Zika vaccine in 2016.

IRS warns of IRS “scams” https://www.youtube.com/watch?v=0y5z0kWgBcM

CO Aurora theater shooting victims must pay court costs of $700,000. Lost life and pay!

Ignoramus Award: Pope: the Catholic Church should apologize to gay people and others it has marginalized. What about the kids they raped!

How our government wastes our money

NSA can watch you on your laptop so Zuckerberg tapes his camera from NSA. Yours?

Congress gets paid whether they work or not—Highlight: naming post offices is ‘work’?

Goldman Sachs and Google pledged money to help the Obama resettle Syrian refugees

Despite global warming deal, US still subsidizes fossil fuel industries—socialism for rich

Who owns your account now?

Humana to Aetna

PrivateBancorp to Canadian Imperial Bank of Commerce

Obama forgives $171 million in student debt of defunct Corinthian Colleges 

Kellogg “cereal boutique” in Times Square will charge up to $9 a bowl.

Five Hong Kong booksellers who specialized in works critical of Chinese leaders have disappeared in 1year.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Don and Hill will need more revenue

Don and Hill will need to raise taxes to pay for walls or wars

Don’s wall and Hill’s return to Iraq and Afghan will cost us more taxes. Both want to spend more on guns and war and that ain’t cheap. Her plan will cost $1.1 trillion. His tax cuts will cost $9.5 trillion and he will cut “waste”—Medicare and SS benefits—to limit borrowing. Both will need to raise revenue one way or other since more 1%ers and corporations are using loopholes to avoid paying any tax. Don can avoid taxes for years with his $50 million loan write off.

Start your tax-FREE account now so you don’t get stuck with taxes later: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Put your advisor on a diet—Market returns will remain low—hedge funds close

Economic gains will be slower with Don or Hill so stocks will be pressed to break 7% return. It is time to put your advisor on a diet and cut their share of your gains. If their fees, trading charges and taxes continue to take 2%, you could end up with only 63% of your potential nest egg. Taking more risk for greater yield is not the answer you want from them. Fees will continue even if no gain. Better to go with par, the average return. Try an ETF or index at 0.05%. You may clear 7% not 5%.

Get back to basics:  https://www.amazon.com/basic-facts-about-learned-before/dp/1534665544

ETF or index fund?

Advisors are all excited about the ETFs they have to offer you. Why? Index funds have been out there since 1976. Perhaps it is because index funds are packaged in a commission product. Yes, the sales person who once hated index funds can now praise them. Excitement over exchange-traded funds continues among financial advisors, according to Journal of Financial Planning. ETFs are the preferred investment vehicle for 83% of advisors up from 40%. Advisors are selling them to clients using ‘lower cost’ as the sizzle. What advisors don’t disclose is that the fund version is much cheaper than the ETF commission/fees. Don’t be fooled.

Save $100,000: https://www.amazon.com/Money-Scams-2014-financial/dp/1505437962

Is a homeowner policy Virtual inspection right for you?

Esurance offers a do-it-yourself Home Inspection app, which allows policyholders to self-inspect their homes and receive policy discounts. For instance, the insurer needs you to fix broken sidewalk. Now you can prove it yourself. No need to wait for inspector to show when you have a claim. Just record what the insurer asks for to prove you lost your siding or roof. Insurer promises quicker service. They don’t need to send a drone or adjuster. But sometimes you do better with private expert on your side.  

Save with 15 discounts: https://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870

What is the most important predictor of your investing success?

According to an unbiased Morningstar study, low-cost funds beat high-cost funds PERIOD. It is a myth of Wall Street that you must pay more for good performance. You are just paying for the Wolf of Wall Street's toys. Other Wall Street myths: Buy low, sell high; manager tenure; proven performer; get in on ground floor; concentrate portfolio.
Warren Buffett, the master of investing, disagrees:
            "A very low-cost index is going to beat a majority of the amateur-managed                                money or professionally-managed money."

https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082

Income inequality, rising since 1970s, link to frozen wages?

New study, which measures income inequality by state, metro area and county, shows that inequality has risen in every state since the 1970s. Most of the income change has gone to the more senior corporate chiefs and not in salary. Corporations are escaping taxes and shareholder limits on excesses. Your Apple gear costs a lot to buy but little to make. Your shoes don’t cost $150 to make. Verizon service doesn’t cost Verizon $200 a month to provide. Corporations have digitized and outsourced for the last 40 years and haven’t shared the increased profits with workers or shareholders. Is David M. Zaslav’s labor really worth $156 million a year? Yahoo’s CEO got a 69% raise for ..? Chipotle’s head found $29 million despite sickening patrons. His 1^st boy got $28 mil. Chase gave its CEO a 134% raise. Another study shows higher CEO pay; worse performance.

If you are NOT the boss, do this: https://www.amazon.com/Working-Millionaire-Tax-FREE-Self-insure-Self-fund/dp/1460945484

Is a Goldman Sachs CD right for you?

The commercial bank famous for creating the mortgage meltdown by packaging bad mortgages with pretty ribbon is now in need of money. They offer savings CDs for the non-1%ers. You only need $500 to obtain 2% for a 5 year CD. So if rates go up you will have the privilege to be stuck with $52 profit over 5 years. If you need it back, you lose part of your $52. If you want most of your money to grow above the inflation rate, you will need to keep it in stocks and bonds at the lowest cost you can find. Your money is actually safer in stocks than with Goldman because you lose half your purchasing power over time: 47 cent stamp used to cost 33 cents just 15 years ago.  

Go long for SAFETY: https://www.amazon.com/Go-Long-Reach-Wealth-Starting/dp/1519376189

Auto insurer’s satisfaction falls 7 points

Overall satisfaction declines by a significant 7 points. The 17 largest insurers are the primary drivers of the overall decline. Satisfaction among the smaller insurers increases 1 point from 2015. JD Power survey found the top insurers for each region were NOT all large insurers even though they had best digital scores. Winners:

California: Ameriprise (846)

Central: Shelter Insurance (819)

Florida: The Hartford (834)

Mid-Atlantic: Erie Insurance (829)

New England: Amica Mutual (855)

New York: GEICO (828)

North Central: Auto-Owners Insurance (842)

Northwest: PEMCO Insurance (847)

Southeast: Farm Bureau Insurance – Tennessee (870)

Southwest: The Hartford (829)

Texas: Texas Farm Bureau Insurance (836)

New Jersey Manufacturers Insurance Company (NJM) and USAA also achieve high levels of customer satisfaction in the study, although they are not included in the rankings due to the closed nature of their respective memberships. 

Buy the best and save: https://www.amazon.com/Industry-Insiders-Guides-Buying-Insurance/dp/1466435712

Does our President need to be smart and truthful? Do they even care about truth?

            (a summary of the GOP Presidential debates) (history: GOP has the final candidate by Feb 17)

                        What does Trump’s National Socialism stand for?

Increase subsidies to oil gas, corp farmers, Boeing, big business tax cuts

Don will cut Medicare and SS benefits “if tax cuts don’t make big surpluses”

Cut funding for un-wealthy, poor, schools. seniors, underemployed, kids, etc.

Reinstate older white male value system: Make ‘WASP” America Great Again

Reinstate Christianity as the state religion—bar all others from public office

Reinstate Christmas and Christian observance in schools, home, court, stores, etc

Put successionist’s flag back in public spaces - cemeteriess, courts, state houses.

Put up a wall, end trade, bring back repetitive “robotic” jobs back from low wage areas.

Cut regulation of all business activity, lower wages for women, pregnancy

Climate change is a hoax. Let oil companies drill anywhere. XL pipeline approved

Replace ObamaCare: no mandate (tax credit so you can try to find your own like before)

Cut federal spending on health especially when control women clinics

Cancel immigration for all from non-EU countries. Deport them

Voter suppression of DEMs (even in Brooklyn) Latins, blacks, poor, students.

Replace judges whose parents came from a non-EU country or any non-Christians.

Limit rights of non-Christians, Muslims, gays, Indians, Asians, protesters, press

Increase debt and devalue debt. Let Mexico pay for the Wall by taxing imports we buy

Create tariffs on imports so we pay $6,000 more for stuff we buy. Middle class tax.

Trade pacts are no good for us and no good for our workers.

Abolish IRS, EPA, Education, Dodd-Frank financial protections, consumer protections

National right to buy and carry any firearms anywhere anytime by anyone age 2 and up.

Install voter ID restrictions designed to lower Dem voter participation – proved in court

Install state gov that cuts Medicaid, education, federal payments, infrastructure like KS.

“Lust for executive power”—GOP House leader thinks Don wants to just snap fingers.

“I could stand in Fifth Avenue and shoot somebody and I wouldn’t lose any voters.” 

Don’s rallies begin with crazies denouncing supporters--thrown out as “protestors.” 

“The only thing necessary for the triumph of evil is for good men to do nothing.” E Burke

Don: I found my running mate: Ken Lewis. He doesn’t like Orlando’s non-whites.

            I just took $1million from campaign. I’m not a charity. I need to be reimbursed.

            I’ll help Christians dominate American social life: remove church/state barriers.

            It’s “my greatest contribution to Christianity” advisors Michele Bachmann, Ralph Reed.

            ‘I’m really rich, I don’t need donors. Fundraising for to make wealthy feel good.     

            I’m in Scotland to open golf biz since I still have a job (Scots love me I’m sure!)

            I don’t care if Reagan gave 2.9 million illegals amnesty “legalization” in 1986.

Hill:  Looks like 1964 all over again. Goldwater had similar message for racists and lost.  

Paul: ‘This is one of my big concerns:’ Don’s “lust for executive power.” He’s OK now?

           

Bern: “It looks like I will not be the nominee.” More energy than Hill! 2020?

            Millennials, wanting to remain, did not turn out like older BRexit voters

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

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill requires impossible: every person in class action suffer “same type and scope of injury”)

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

.Congress votes for more killings: terrorists on watch list CAN buy assault weapons.

.GM wants judge to dismiss claims that your car lost value when recalled 

.Judge: KS can’t bar DEMS from voting because non-KS form to register, yet KS does.

.NJ says NO to more open carry guns—Christie embarrassed—NJ is NOT wild west!

.Nissan recalls 60000 Q50 for steering problems with software.

.Another child dies handling gun with no safety. Guns kill people. Fear not crime drives.

.Fiat/Jeep with trans problem kills Star Trekker Yelchin—Grand C rolls in ‘Park’. 

.Hyundai Kia recalls 400,000 cars and minivans many things wrong.

.NYC rescinded Don’s property tax rebate meant for middle class homeowners. What?!

. Merrill Lynch fined $415 million for using customer cash to generate own profits 

.VW pays $10.3 billion to settle claims from diesel emissions cheating scandal

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

SCAMS

Worst offender in 2007-8 mortgage crisis, Angelo Mozilo will NOT face Justice lawsuit

Why do star athletes have to prey on unconscious women? Too obnoxious or too mental?

Salesmen forgot to tell you: Is your car one of the most regretted cars sold?

Orlando killing was gay revenge?—self-hate crime—Muslims can’t be gay so terrorist

Muslim got FBI to start file on Omar—he was not radicalized enough maybe never.

Guns kill people many at a time. Congress fails to stop even highjacker terrorists.

Tombstone had gun control for good reason—it reduced deaths. Congress helps terrorists  

Ignoramus Award: Congress represents the American people. Right. Except on the topic of guns. This is the 3^rd rail that can kill politically. When assault rifle kills 26 kids and now 49 gays, is that enough to pass just a background check? Does your rep fear your vote more than NRA? Even in 1686, NJ recognized that people get afraid and into quarrels when they carry guns. 2^nd Amend was for militia not average Joe.

How our government wastes our money

Crazy Dems Go on Strike in Congress—Work stoppage to get a vote on guns

            Civil rights leader John Lewis and Katherine Clark conspire to force GOP action

            First time in US history House members sit-down strike their own jobs.

Zika protection used as tool to defund ObamaCare so not passed. FL hurting for $.

55 percent of Democrats say the Republican Party makes them feel afraid and

49 percent of Republicans said the same about the Democratic Party. Try socialism?

We are loaning Iran money to obtain Boeing jets ImEx bank and ex credits.

General Electric decided to move some production overseas to use foreign export credit.

Who owns your account now?

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Don's business is taking other people's money

Don’s business acumen is his greatest claim to be president … but

“Atlantic City was a very good cash cow for me for a long time.” Trump’s experience in Atlantic City gives clues to running America as personal business. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen according to R. Buettner and C V Bagli. “There’s something not right when every single one of your projects doesn’t work out.” “People underestimated Donald Trump’s ability to pillage the company,” said Sebastian Pignatello, a private investor who at one time held stock in the Trump casinos worth more than $500,000. “He drove these companies into bankruptcy by his mismanagement, the debt and his pillaging.” America cannot use Junk bonds to get out of debt. America is not a deal he can use.

Avoid Don’s tax increase: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Use your own tax shelter—your broker/advisor is retiring with his/her

Working people have their own tax shelter—the Roth IRA. The IRS § 408A is available from any large financial institution. You can contribute $5,500 a year to buy stocks, bonds, ETFs etc and let the assets grow tax-FREE. You can take money out FREE (contributions are FREE before 59.5 years; earnings are FREE after 59.5 years). You pay a little tax now (15% on $3,000 deposit) but NO TAX later (0% on $1 million). You deposit $99,000 total over 30 years and spend ALL $1,000,000 later. Even when they cut pensions and Social Security, you will have your million FREE of fed and state tax.

http://www.amazon.com/Working-Millionaire-Tax-FREE-Self-insure-Self-fund/dp/1460945484

Fix Social Security by having everyone pay same 6.2%

New report says just have everyone pay the same percent of salary. But they limit it to $195,000 salary. Why the limit? Some wealthy Congressman set the limit in 1937. It is regressive and needs to be changed. Poor pay higher percent than the rich. Currently, they don’t pay anything on their salary over $118,500. Why should they get a break like this? They get so many others—deduct stock losses, 2^nd home mortgages, mortgage insurance, rental property depreciation, investment expenses, business losses, salary deferral, retirement gains, etc. Social Security is the only income that the poor have: $1341/mo.

Avoid fed & state income taxes with IRS § 408A trust: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

Best investing strategy: Do Nothing—let compounding do the work

Fidelity study of which accounts did best: people who forgot their 401k and people who died. Best investment outcome for stocks long-term is to let the money work for you by compounding. Compound $9 a day to $900,000 in time. It can’t compound if you trade. Buffett: own the best businesses forever. It makes you wealthy. Traders only do well when they can move huge amounts of capital a short distance quickly. Most of us with brokers/advisors earn just 3.79% vs the market of 11% because we are afraid of loss or get greedy. Unless you know the next Amazon ($5,000 invested in Amazon ‘97 worth $1 million today), this is best deal. No timing, trading, charts, or broker/advisor.

Invest wisely: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Millennials don’t understand diversification, risk, long-term

18-35 year olds are saving but don’t think about the “not all your eggs in one basket” problem. Survey says 49% reported having an “aggressive” risk tolerance and yet 65% said market swings make them uncomfortable. 72% said that a portfolio was adequately diversified as long as it includes a broad range of stocks. “These folks think a long-term holding is five years” according to Bill Finnegan, AMG Funds. Perhaps young people have not gone through the depressions and recessions to learn.

http://www.amazon.com/Millennials-Investment-Strategy-BEST-journey/dp/1533079242

What does the new fiduciary rule do for you?

Up till now, your broker/advisor/agent could make a lot of money from your retirement plans. https://www.youtube.com/watch?v=GB4LgkGXN8Y   They pushed variable annuities in particular because 6% of $250,000 makes their retirement sweet. Now they must “prove” that that rip is the ‘best’ for you. Most times they can’t because there are usually better outcomes for you (Not Them). However, it takes learning about your options and usually you don’t have a lot of time or knowledge. Low-cost always beats high-cost according to Morningstar so ask questions. Your advisor may not offer Vanguard or other low-cost options. They can still make big bucks from you by following an exemption (BICE) which requires them to claim they are acting in your best interests. So the new loophole is that if they don’t know any “low-cost is better than high-cost” products, they aren’t at risk. That’s like you telling the officer you didn’t know the limit was 25mph while you went 40. QED: Advisors are still salespeople.

Look before you leap: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Is home equity the way to finance retirement?

The fact that many homeowners have all their wealth tied up in their homes and the home has tripled in value over the last 30 years makes this strategy appealing. Consider the benefits and costs. Retirees are homeowners. Of those with more than $100,000 in savings, about 90% own a home, according to LIMRA. Among those with less savings, 70% are homeowners. The ability to access home equity can save you from being forced to sell other assets at the wrong time. "That is really going to improve a retiree's cash flow, especially for people relying on withdrawals from their savings because they don't have a pension," American College’s Hopkins says.

Make sure you have enough before you retire: https://www.amazon.com/Are-you-ready-retirement-worst/dp/149100266

Is an HSA right for you?
High-deductible health plans are becoming popular. Is investing in health savings account right for you? Contributions are tax deductible when used for medical expenses (you don’t need to itemize your taxes). Some employers match contributions. Unlike with flexible spending accounts, however, your HSA administrator isn’t obligated to verify whether withdrawals are for eligible expenses. HSA money withdrawn for nonmedical purposes is also subject to a 20% penalty if you’re younger than age 65. Unlike the Flex Spending Account, you do NOT need to spend the account by year’s end. Some states tax the interest earned in the account. After age 65, funds can be withdrawn for any purpose without penalty. However, income tax is due like IRA and 401k accounts. You must choose the HSA. Not all employers offer it. There is no medical threshold for tax deductions so every dollar spent is deductible.

https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Retirees and Self-employed pay their estimated tax electronically

You can use https://www.eftps.gov/eftps/ to pay your quarterly taxes for FREE. This system can be used to automate payments from your accounts. It can used to pay any IRS tax. There is no need to send paper by registered mail and hope it gets there in time. Your confirm is electronic by setting up a payment due date at least the night before payment is transferred directly to the Treasury. It is secure. It has a voice response system (1.800.555.3453) to make payments too.

Control your taxable income and tax payments: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Does our President need to be smart and truthful? Do they even care about truth?

            (a summary of the GOP Presidential debates) (history: GOP has the final candidate by Feb 17)

            What does Trump’s National Socialism stand for?

Reinstate older white male value system: Make ‘WASP” America Great Again

Reinstate Christianity as the state religion—bar all others from public office

Reinstate Christmas and Christian observance in schools, home, court, etc

Put up a wall, end trade, bring back repetitive “robotic” jobs back from low wage areas.

Cut regulation of all business activity, lower wages for women, pregnancy

Increase subsidies to oil gas, corp farmers, Boeing, big business

Climate change is a hoax. Let oil companies drill anywhere. XL pipeline approved

Cut federal spending on health especially when control women clinics

Don will cut Medicare and SS benefits “if tax cuts don’t make big surpluses”

Cancel immigration for all from non-EU countries. Deport them

Replace judges whose parents came from a non-EU country or any non-Christians.

Limit rights of non-Christians, Muslims, gays, Indians, Asians, protesters, press

Cut funding for un-wealthy, poor, schools. seniors, underemployed, kids, etc.

Increase debt and devalue debt. Let Mexico pay for the Wall by taxing imports

Create tariffs on imports so we pay $6,000 more for stuff we buy. Middle class tax.

Trade pacts are no good for us and no good for our workers.

Abolish IRS, EPA, Education, Dodd-Frank financial protections, consumer protections

National right to buy and carry any firearms anywhere anytime by anyone age 2 and up.

Install voter ID restrictions designed to lower Dem voter participation – proved in court

Install state gov that cuts Medicaid, education, federal support payments, infrastructure.

“Lust for executive power”—GOP House leader thinks Don wants to just snap fingers.

“I could stand in Fifth Avenue and shoot somebody and I wouldn’t lose any voters.” 

Don’s rallies begin with crazies denouncing supporters--thrown out as “protestors.” 

“The only thing necessary for the triumph of evil is for good men to do nothing.” E Burke

Don: Voters don’t need policy position papers. “It’s just a waste of paper.”

            “They know you’re going to do a good job once you’re there.” Logic fails!

            I was right “I am trying to save lives and prevent the next terrorist attack.”

            I ban Wash Post and any media who aren’t “fair” in spreading my message.

            I have secret memo that our President of the US is really a traitor: a shill for ISIS.

            I accuse US soldiers of stealing money in Iraq—one answers--thieves were jailed.

           

Hill:  Hackers got my files on Don and my real constituency. Oh my words!

            Looks like 1964 all over again. Goldwater had similar message for racists.

Paul: ‘This is one of my big concerns:’ Don’s “lust for executive power.” He’s OK now?

            Don’s statement “is definition of a racist” but GOP has to go to dark side now.

            He said he could kill people on 5^th Ave and not lose support—He’s right! Scary

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

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill requires impossible: every person in class action suffer “same type and scope of injury”)

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

.Is it time for the big one in CA?

. Robert Olins CT caught selling stock illegally—fraud to avoid paying fine.

. Owen Li caught lying and cheating $57 million, confesses, and gets out of 5 yr jail.

.TN lawmaker giving assault rifle AR-15 as door prizes for fund event: after Orlando 2.

.Orlando gun store warned FBI: killer wanted body armor and more bullets.

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

SCAMS

Fake IRS caller ask students to pay a bogus student tax or face arrest or other penalties

Ignoramus Award: GOP McCain said Obama was "directly responsible" for the Orlando attack because Obama executed Bush’s 2008 agreement to leave Iraq.

Don and GOP deny warming. Greenland recorded its warmest temperature EVER: 75. Ice melt season began a month prematurely.

How our government wastes our money

US spent $10 million to learn kindness interrogation techniques wins, as per old Nazi

CIA torture in our name explains why we are hated by so many

Taliban now holds more ground in Afghanistan than at any point since 2001.

Who owns your account now?

LinkedIn to MS. Is it worth $26 Billion? A website equal to HP or Marathon Oil in market value?

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Trump--Welfare King congress' loopholes made

Welfare King’s Victory Fund members let US pay their taxes too

A vice chair of the Trump Victory fundraising committee didn't pay a dime in state income tax from 2012 through 2014. Like Trump, billionaire Diane Hendricks, has a history of paying nothing. Trump claimed he had negative income in 1978 and 1979. How do you get "negative" income? You deduct ALL your expenses from running many casinos into debt. Trump has echoed former head of the Helmsley hotel, “only the little people pay taxes.” Trump tax returns for recent years have not been released. It is difficult to determine how much he paid in the years of his three bankruptcies.

Create tax-FREE income—avoid paying their taxes.

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

Use your own tax shelter—your broker/advisor is retiring with his/her

Working people have their own tax shelter—the Roth IRA. The IRS § 408A is available from any large financial institution. You can contribute $5,500 a year to buy stocks, bonds, ETFs etc and let the assets grow tax-FREE. You can take money out FREE (contributions are FREE before 59.5 years; earnings are FREE after 59.5 years). You pay a little tax now (15% on $3,000 deposit) but NO TAX later (0% on $1 million). You deposit $99,000 total over 30 years and spend ALL $1,000,000 later. Even when they cut pensions and Social Security, you will have your million FREE of fed and state tax.

http://www.amazon.com/Working-Millionaire-Tax-FREE-Self-insure-Self-fund/dp/1460945484

Best investing strategy: Do Nothing—let compounding do the work

Fidelity study of which accounts did best: people who forgot their 401k and people who died. Best investment outcome for stocks long-term is to let the money work for you by compounding. Compound $9 a day to $900,000 in time. It can’t compound if you trade. Buffett: own the best businesses in the world over time. It makes you wealthy. Traders only do well when they can move huge amounts of capital a short distance quickly. Most of us with brokers/advisors earn just 3.79% vs the market of 11% because we are afraid of loss or get greedy. Unless you know the next Amazon ($5,000 invested in Amazon ‘97 worth $1 million today), this is best deal. No timing, trading, charts, or broker/advisor.

Invest wisely: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Millennials don’t understand diversification, risk, long-term

18-35 year olds are saving but don’t think about the “not all your eggs in one basket” problem. Survey says 49% reported having an “aggressive” risk tolerance and yet 65% said market swings make them uncomfortable. 72% said that a portfolio was adequately diversified as long as it includes a broad range of stocks. “These folks think a long-term holding is five years” according to Bill Finnegan, AMG Funds. Perhaps young people have not gone through the depressions and recessions to learn.

http://www.amazon.com/Millennials-Investment-Strategy-BEST-journey/dp/1533079242

What can you do when your 401k offers only high-cost options?

Employers are being sued for breaches of fiduciary duties such as offering only high-fee investment options in a plan. Employees are not taking poor outcomes anymore. It may take time to wade through the legal process as more plans erect barriers to complaints but your pension is at stake. Companies can set up whatever plan they want under ERISA. Often they put unfair costs on employees. Employers have time and money on their side so it may be easier and more beneficial to just move your 401k to a self-directed IRA.

http://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

More seniors working past 70

Some 23% of Americans with jobs said they planned on being septuagenarian employees, up from 16% in 2009, according to WTW. However, most do it from need. Employees who expected to work longer were "less healthy, more stressed and more likely to feel stuck in their jobs than those who expect to retire earlier." 40% of those planning to work into their 70s feel stuck in their jobs. Employees are more pessimistic about whether their generation will be "much worse off in retirement" compared with their parents' generation. Old age labor force participation over the past five years has increased in UK, Canada, and South Korea, jumping to 42%.

Invest $9 a day with the best Investment Attitude to retire earlier: http://www.amazon.com/Investment-Attitude-biases-that-being/dp/1533424519

Do you need estate planning?

Estate tax starts at $5.43 million in assets each spouse. There are tons of ways to avoid paying. If you have that kind of problem there are many lawyers who can fix it. Few if any family farm has been lost to estate taxes as the GOP claims. A little planning goes a long way for anyone with illiquid assets. For those who don’t plan, I vote we keep these taxes to offset the taxes they probably evaded before passing. You many not need the expense of a trust or life insurance (to pay the tax). You can leave your money NOW as gifts to the kids and grandkids each year. You can make it tax-FREE forever for them. You can pay for their educations. You can leave property, money or unused annuity to a not for profit. Make your own foundation to keep giving to your favorite cause.

http://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Do you really need mobile apps for your wealth portfolio?

Every wealth management firm in town is now trying to impress their high net worth clients by giving them access to their accounts by smartphone. But do wealthy people really need to use an app if they have a good advisor? Do you really need to track your wealth while you drive? Do you execute trades all day and night from home, office or the road? Why bother paying a broker if you are going to monitor or trade yourself by smart phone? RoboAdvisors offer those who can’t afford an advisor the feeling of having an advisor. 80% of “personal” portfolios are the same mix of assets.  Do want personal advice or just someone to hold your hand when you lose. Managing assets is NOT like balancing your checkbook online. If your strategy is long-term capital preservation, checking your asset accounts more than once a year can lead to market timing and underperformance. As Buffett says, “only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.” The average brokered account earned just 3.69% due to fees, timing, taxes and impulse buying.

http://www.amazon.com/Quantum-Uncertainty-Investing-3-69-11-11/dp/1502312557

GOP driving America to dictatorship and state religion

Senate leader OK with Trump racist remark on judge Go along no matter what says/does.

McCain, Ryan, McConnell, Rubio have all sold their souls to the dark side of politics.

TX county sheriff’s cars with Christian symbols: state sanctioned it. Ryan says Don’s statement is racist but backs him. GOP leadership bows to Don’s popularity just as Hindenburg’s officials gave legitimacy to Hitler.

Does our President need to be smart and truthful? Do they even care about truth?

            (a summary of the GOP Presidential debates) (history: GOP has the final candidate by Feb 17)

            What does Trump’s National Socialism stand for?

Reinstate older white male value system: Make ‘WASP” America Great Again

Reinstate Christianity as the state religion—bar all others from public office

Reinstate Christmas and Christian observance in schools, home, court, etc

Put up a wall, end trade, bring back repetitive “robotic” jobs back from low wage areas.

Cut regulation of all business activity, lower wages for women, pregnancy

Increase subsidies to oil gas, corp farmers, Boeing, big business

Climate change is a hoax. Let oil companies drill anywhere. XL pipeline approved

Cut federal spending on health especially when control women clinics

Don will cut Medicare and SS benefits “if tax cuts don’t make big surpluses”

Cancel immigration for all from non-EU countries. Deport them

Replace judges whose parents came from a non-EU country or any non-Christians.

Limit rights of non-Christians, Muslims, gays, Indians, Asians, protesters, press

Cut funding for un-wealthy, poor, schools. seniors, underemployed, kids, etc.

Increase debt and devalue debt. Let Mexico pay for the Wall

Create tariffs on imports so we pay $6,000 more for stuff we buy. Middle class tax.

Trade pacts are no good for us and no good for our workers.

Abolish IRS, EPA, Education, Dodd-Frank financial protections

National right to buy and carry any firearms anywhere anytime by anyone age 2 and up.

Install voter ID restrictions designed to lower Dem voter participation – proved in court

Install state gov that cuts Medicaid, education, federal support payments, infrastructure.

“Lust for executive power”—GOP House leader thinks Don wants to just snap fingers.

“I could stand in Fifth Avenue and shoot somebody and I wouldn’t lose any voters.” 

“The only thing necessary for the triumph of evil is for good men to do nothing.” E Burke

Don: I may have exaggerated Hill’s views on guns. I don’t really study too much.

            My one “African-Am supporter” was at Bernie Sanders rally the night before.

            Even McCain, who I said was not war hero will support me. I take GOP dark.

            No 2 man Christie silent on my judge problem—named Muslim judge in Passaic.

            I am not a racist: “my comments have been misconstrued” Some of best friends…

            I used to be for climate change controls, abortion, etc but …deal I couldn’t refuse.

            I refuse to pay bills when I don’t like the work or it took too long or whatever.

           

Hill:  I want Bern’s supporters so ask Liz or Bern VP? or go long with Kasick for VP?

            What is the point of an endorsement? I don’t think we’ve had a clearer choice.

            Don’s agenda is not America’s future.

            I may not have worked as hard as Bernie but I DESERVE to be prez.

Paul: ‘This is one of my big concerns:’ Don’s “lust for executive power.” He’s OK now?

            Don’s statement “is definition of a racist” but GOP has to go to dark side now.

            He said he could kill people on 5^th Ave and not lose support—He’s right! Scary

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

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill requires impossible: every person in class action suffer “same type and scope of injury”)

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

.Karen Bruton Hope Advisors caught “scheming to collect extra fees” from wealthy

.Intercept Corp, Bryan Smith, Craig Dresser caught with illegal account withdrawals.

.Oppenheimer caught selling risky funds to risk-averse customers again

.MorganStanley caught leaving door open--security lapse on customer data

.VW supervisors moved to destroy evidence of diesel cheating in 2015. Clearly knew

.Admiral caught taking kickbacks and sex from vendors of ship supplies

.2^nd Amend: “regulated militia” gun—the long rifle—not hidden gangsta gun.

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

SCAMS

Ignoramus Award: Our Fed approved 4 cyber thieve requests to send $81 million from a Bangladesh Bank account to them even after the thieves’ initial request had been denied.

MorganStanley, a traditional broker will sell ETFs--INDEX funds but at what price?  

7 cars people regret buying—Chevy, BMW, Buick, Nissan, etc

20 more to avoid at all cost: Caddy, 500, Fiesta, all unreliable in extreme!

Cell phone kills 2 men on road and gets only misdemeanor charge. 

How our government wastes our money

Zika protection funding denied by Congress so more babies born need costly treatments. House GOP bill for HALF & exempt pesticide manufacturers from the Clean Water Act. Nothing for FL PR now!

Scientists on grant say archerfish can distinguish human faces

$1.6 Billion to Iraq army and still can’t protect their home.

Obama ups commitment to Afghans—reverse the disengagement—copy USSRs war

Who owns your account now?

John Oliver just bought $15 million medical debt and cancelled it. Who pays the taxes?

ISIS members from the West “pleading” for help to escape back to civilization-TV show?

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts