New Year new chance

New year goals—Create a tax-FREE Wealth Reserve
Pensions, 401k and paid health care benefits are decreasing
We are living longer, need income for more years
Health care costs continue to increase
Savings/investment yields may be lower
Annuities and pensions are taxed at higher income tax rates
Social Security and Medicare under attack by GOP
Volatile market requires global diversification
Fees and commissions can take 40% of earnings
Long-term care needs are unpredictable
Grandchildren need financial assistance to make it
Tax-FREE Wealth Reserve is lifestyle insurance:
amazon.com/Forget-Social-Security-Medicare-Lifestyle/


Mentally ill flood ER as states cut services
Just as GOP candidate Ron Paul suggested, if people don’t have insurance, too bad. They should have thought of that before they got sick, he said. Personal responsibility is the theme of Tea Party. In the debates, Paul suggested that the charity hospitals used to treat the indigent. We all have to pick up the cost unless the 1% want to make contributions and get their names on the hospital wings. Last time I went to hospital, a local robber baron had his name-plaque on the wall of a tiny exam room in the nurses triage station. http://news.yahoo.com/mentally-ill-flood-er-states-cut-services-131133880.html

Tax savings
Business mileage went to 55.5 cents/mile after July 1, 2011 up from 51 cents before June 30. Exemption rose to $3,700 each. Roth IRA conversions allow 2 years to pay tax on the gains—2011 and 2012. Only armed forces can claim 1st time home buyer credit. Health coverage tax credit extended. Making work pay credit expired. Efile for faster refunds. Average refund last year: $3,036.
Use your refund to fund your Wealth Reserve, it may be worth $300,000 by the time you retire in a tax-FREE account. Wealth: at Amazon.

Congress to cut Medicare doctor pay—time to shop for another doc?
According to a 2010 survey by the AMA, about one in five physicians overall, and nearly one-third of primary care physicians say they are already being forced to limit the number of Medicare patients in their practice due to the ongoing threat of cuts and inadequate Medicare rates.

Sandusky’s insurer won’t pay his legal bills for rape charges
Pennsylvania courts have found insurers shouldn't be expected to provide coverage for someone who has been found to have sexually abused a minor.

OH Gov signs law that violates OH own constitution
Ohio Governor John Kasich on Wednesday signed a law that would prohibit abortion coverage from the state insurance exchange Ohio must create under the federal health care law. The law bans Ohio citizens from being able to purchase insurance through the exchange that includes abortion coverage, even if they pay for it with their own money, said Kellie Copeland, executive director of NARAL Pro-Choice Ohio, who criticized the bill. "It is appalling that Governor Kasich signed this bill, which clearly violates the Ohio Constitution, into law," said Copeland.

SCAMS
GOP future looks grim—Candidates want to:
Reduce Social Security and Medicare benefits
Continue global warming
End EPA protection of water, air, chemical spills, oil spills
Reduce voting access for minorities, union rights
Control our choice of having birth control
End regulation of bad food, bad marketing, bad financial products
Increase business freedom to sway elections with money
Bomb Iran and other countries
Continue drop of middle income in favor of wealthy
Let people die if they can't afford health care


Who Owns Your Account Now?
MetLife bank to GE

Let me know what you think. Editor@TheInsidersGuides.com

IAN
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Montclair, NJ 07042
347.746.2014
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