Would you rather earn 8.5% a year
or 2.4%?
Buffett won his bet with 5 Wall
Street ‘professionals’ that the Vanguard 500 Index fund would provide a better
return than the pros. The Index fund returned 94%
vs 24% over 10years. Why don’t most investors use index funds? Most think
the expensive Wall Street ‘professional’ managers are smarter than the market
itself. Managers take a lot of fees from investors but 95% of them fail to
match the market. No manager knows the future. No manager can know all the
conditions affecting the companies. Luck has role.
Bet on Buffett’s strategy not on Wall
Street’s ‘experts’: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373/
Warren Buffett provides FREE
advice on how to beat the Wall Street pros
He
bet a market guru on Jan 1 2008 that his SIMPLE advice would beat the
professional money managers. He took a bow in his annual letter to his fund
owners:
“A virtually cost-free investment
in an unmanaged S&P 500 index fund would, over time, deliver better results
than those achieved by most investment professionals …” And his choice did after inflation—8.5%
a year vs 2.9%. “American investors pay staggering sums annually to advisors,
often incurring several layers of consequential costs,” and with little to
show. Buffett’s final message: “As an investor’s
investment horizon lengthens, however, a diversified portfolio of U.S.
Earn more with Buffett’s SIMPLE strategy:
https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268
Best last minute tax saving move
Tax filing began Jan 29 even
though all the forms are late in arriving. If you find you owe tax instead of
hitting the refund button this year, you may still be able to claim your
refund. You can reduce your 2017 income and receive a tax credit. Credits
reduce your taxes dollar for dollar. In effect, Uncle Sam can help you reduce
taxes AND save for retirement at the same time. On line 32, Form 1040 or line 17, Form
1040a, you can enter up to $5,500 ($6,500 over age 50) as IRA contribution to
reduce your income. If you meet the qualification, a credit will show up on
Line 51, Form 1040 or Line
34, 1040a. You subtract this credit from your tax. EG: Income $66,000: tax
refund is $3,335, without IRA contribution. With the contribution, the refund
is $4,392 or $5,553 if you both make the contribution. Credit against tax is
$400. IRS checks to see you have IRA.
For help with complicated returns:
https://irs.treasury.gov/rpo/rpo.jsf
Should you sue your employer’s
401k plan?
Retirement lawsuits are on the rise
so employers are taking steps to protect themselves.
Experts warn that high fees, lack
of investment options or poor investment options and breach of fiduciary duty
are going to cost employers. Fee
lawsuits have “exponentially increased over the past two years,” says Nancy
Ross, a partner Mayer Brown in Chicago
Stop giving up your future nest
egg: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966
IRS free filing sites avoid $300+
cost of filing taxes
Commercial tax prep sites offer
expensive loans as advances on your refund but you can keep
your whole refund using the IRS free filing partners. Refunds can be in
your account within 2-3 weeks.
Remember: IRS does NOT call you. The average refund is over $3,000. Check if
you have a refund for a previous year—there is over $1 billion from 2014 alone.
https://www.efile.com/unclaimed-irs-tax-refund-checks-and-bank-deposits/.
Check your refund: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp
You can create a tax-free
retirement fund of $500,000 with that amount each year. If
you need free tax preparer service for your 1040, use AARP Tax Aides near
you. Bring last year’s return and ID: https://www.aarp.org/money/taxes/aarp_taxaide/.
If you have a simple return: FreeTaxUSA
or FreeFile: https://apps.irs.gov/app/freeFile/jsp/index.jsp.
Use your refund to fund your
tax-FREE IRS approved account: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
2018 new tax deductions for
wealthy people
Trump removed the income
limitation on certain deductions. Medical expenses and charity remain important
factors that help avoid taxes. For some, bunching together these categorical
expenses will help overcome itemizing thresholds. Investment fees are no longer
deductible so consider alternative advisory services. The AMT forced some to
pay tax despite having substantial deductions. For example, Trump had to pay $31
million in AMT in 2005 despite owning $ millions worth of buildings with
tax deductible depreciation. His new law removed the AMT so he is free to live almost
tax FREE. His new tax law retains the deductibility
of real estate depreciation. In his case, he paid 25% of $153 million in 2005
taxable income instead of the less than 4 percent that he would have paid
without it. The Tax Credit Class will again avoid paying their fair share.
Take advantage of your Tax Credits
too: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
10 Best USED Luxury Cars Under $30,000
2015 Acura TLX VA
Price $20,800 37,000
mi
2015 Acura RDX VA
Price $23,700 36,000
mi
2015 Audi
Q3 VA Price $26,500 36,000
mi
2015 Mercedes
CLA VA Price $24,500 20,000
mi
2015 Mercedes
GLA VA Price $24,800 45,000
mi
2015 Cadillac
ATS VA Price $24,000 22,000
mi
2015 Lexus
NX VA Price $30,000 22,000
mi
2015 Infiniti
Q50 VA Price $23,000 36,000
mi
Compare ratings by actual owners
after 3 years: http://www.jdpower.com/press-releases/jd-power-2018-us-vehicle-dependability-study
Use discount insurance: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Is a ‘Digital Annuity’ right for
you?
Wall Street has come up with a new
trick for the old
high-cost deferred annuity. The new
‘lipstick’ on the old pig is called Blueprint
underwritten by New York Life and Guardian Life. After the initial investment,
buyers can increase their retirement income stream with deposits of as little
as $100 a month to create what Blueprint
calls “a personal pension.” We did this at Thomson McKinnon in the ‘80s,
calling it IRO—Individual Retirement Opportunity. Of course these
annuities are loaded with fees—1-4%. Don’t be surprised to hear about Blueprint on “The Today Show” as one of
the investors is Jean Chatzky. The ‘lipstick’ is this: “For every dollar you
put in, you know how much more you will have on a monthly basis when you
retire.” Future projections have always been the juice in selling annuities—and
also their downfall. The ‘guarantees’ are based on promises about rates of
return in the future and no one knows rates for sure. Wall Street is out to
capture 401k money as we invest for retirement. An annuity is an expensive way
to mimic (at lower payouts) the guaranteed pensions of the past. Don’t be
fooled by lipstick.
You get more income by skipping
the fees: https://www.amazon.com/Your-Pension-Box-tax-FREE-avoid-employer-fees/dp/1481945157
What do you do with your RMDs?
As a tax preparer, I hear about
where people put their refunds and required distributions from pensions, IRAs,
etc. all the time. RMDs are annual amounts the IRS
requires you to pay tax on starting after age 70.5. Some use the RMD to pay
bills—some are still using a mortgage for tax deductions. Some up their charity
giving for the same reason. Some travel if they like that kind of thing. Some
put it back into savings. Of course they can’t fund an IRA but they can use it
to convert a traditional into a Roth by paying the tax due. Follow the rules: https://www.irs.gov/pub/irs-pdf/p590a.pdf.
There are no income or age limits on converting any amount from a regular IRA
to a Roth IRA. The earlier you do it, the more
tax-FREE income you may have later. I take $10,000 a year from my IRA, pay
income tax and add $10,000 to my Roth IRA so that in 10 or 20 years, I have
double or triple the amount. If I don’t need it later, my heirs will have
tax-FREE income too.
****************
Make America, “The Don” Great
Again
Palace
intrigue: Trump’s
movie will star himself and family in 2022. Putin
does cameo.
(Putin has videos of the star
in compromising XXX sex acts we can’t describe here)
Trump’s stage name is ‘David
Dennison’ when others pay $130,000 for his sex.
A movie
is the only way to understand how Putin got Trump elected. Will Putin poison him?
(Mel
will tell all in her new
own book)
Our intel agencies: we
are under attack and Prez
says not—aid
and comfort to enemy?
Bannon admits the Trump-Russian
meeting was “treasonous”
Trump Is 'Doing
Putin's Job for Him' by Attacking our FBI: McCain
Mueller
indicts 14 more conspirators for illegally helping Trump win election
Putin’s influence: Manafort,
Flynn, Gates, Page, Stone, Papadopoulos, Sater, Zwaan,
Prince,
Jr,
Jared,
Sessions,
etc
How many other
people can Trump blame for Putin’s meddling?
Trump’s co-conspirators
take secrets without clearances. Traitors?
GOP
House will never impeach their ‘Savior’
“I have absolute right to do what I want to
do with the Justice Department,”
(Court
judges in Reich were instructed to submit lists of lawyers who would be trustworthy.
The main requirement was absolute political reliability. Hitler’s
Justice)
Bannon and I wish to “destroy the
state”–our government: “I
want to destroy”
GOP
to destroy FBI investigators and rule
of law to save their mob
boss’s crimes
FBI doing its job following Kremlin ‘advisor’, Page,
a suspected Putin spy
“I’m
a very stable genius” Can you pass Trump
genius test?
Mafia
boss methods do NOT work in government: can’t
stop FBI investigation
“Trump
can’t be a racist: he had a TV
show”
“Why are we having all
these people from ‘shithole’ countries come here?
Trump creates religionists
agency to justify discrimination
The
Don defends sex assaulter and predators because … he is one!
The Don’s enforcers
lie re: contacts
to Putin and list longer: Why all the lies
if innocent?
GOP uses unconstitutional
gerrymandering to get elected. Supremes
agree
Trump
rated worst president we ever had; Obama
#8
‘I was elected President.’ (to
destroy ‘the state’)
Dictator’s greatest weapon is fear: Dems
are evil (TV ad)
Anyone
who did NOT clap for my speech is a traitor
“Take
the guns first, go through due process second,” dictator Trump said.
How Govt wastes our money: Naked politics at work
Trump mob thinks we are really
stupid and don’t notice using
rank to get special deal.
Trump
warns friends to dump steel stocks before he announces tariffs: Huge
profits.
Congress
uses tax money for personal guards but not a cent to protect school
children.
Trump makes it harder
for patients to get Medicare home benefits: Hospital costs up.
Trump
encourages hunters to kill elephants for trophies. Sons love to kill
animals.
SCAMS:
GOP
ending controls on big banks so create another global meltdown costing
homes
Last
big bank pays $500 million for destroying
investor values in 2007 3/6/18
You may never
collect a settlement from a bad broker since brokerages don’t enforce rule
Jobs:
Part-
time jobs and the pay: time to
follow your passions—all
expenses are deductible.
Burgers
by robot—no days off, no benefits, no ‘issues’, no sick, no wage hikes.
179,334
jobs lost from higher tariffs on steel and aluminum plus fewer
harley jobs
Home health aides and managers for
the thousands of seniors turning 70.
Gun-toting guards in schools:
Train to kill intruders/students under Trump mandate.
Who owns your account now?
Ameriprise fined $230,000 selling very
high fee mutual funds costing us $1.8 million.
Miracle:
Few survive AR 15 gunshot since it
has 3
times the force of handgun to obliterate you!
IAN
41 Watchung Plaza, B242
973.746.2014
Alert
