Use your refund for your future Wealth Reserve

Your tax refunds could be your future Wealth Reserve
What you do with your refund (average over $3,000) could determine your future financial life. Investing $3,000 a year can accumulate in a tax-FREE Wealth Reserve and provide you with a reserve to pay cash instead of giving up interest and in the future, a comfortable retirement. Use it for deductibles and pay fewer premiums for all contracts too. Consider: $3,000 a year can
compound to $115,000 in 15 years, 215,000 in 20, and $700,000 in 30 years using 10 funds averaging over 11% a year.
See Snoring is the Best Way to Create Wealth:
http://www.amazon.com/Snoring-Best-Way-Create-Wealth/dp/1466408928/ref=sr_1_2?s=books&ie=UTF8&qid=1331930231&sr=1-2

Can you do your own taxes online?
Yes, you can complete and file your federal and state return online for as little as $20. You need to know what the W-2 from your employer represents. You can enter bank interest received. You can deduct property taxes and mortgage interest. Most online and 'in box' software accepts the amounts listed on the forms you receive to make it easier. Thus, the number in box 7 on form 1099-R goes into the space "Box 7" on the entry screen. If you read the software instructions, you can file unless you have a special situation or business. Our members have not used the 'box' software and the telephone support so we don't know if that is helpful. If you have used telephone support, send me an email with your experiences. You can find a low cost site at http://www.freefile.irs.gov/ If you use a tax prep service, look for a discount coupon online first.

“Drill Baby Drill” doesn’t change gas price, study finds
Analyzing 36 years of gasoline prices and U.S.oil production, the Associated
Press finds no statistical correlation between how much is pumped out of
the ground and how much is paid at the pump. AP says four independent
statisticians came to the same conclusion.

Long-term care policy premiums going up
Premiums are soaring by 20 to 90 percent for thousands of Minnesotans who carry long-term care insurance, and many older people are struggling to figure out what to do.
"I guess we'll just bite the bullet," said Peter Wyckoff, 67, of Shoreview, a
retired advocate for seniors, who said his annual premium will rise by more
than $2,000. He got a letter recently saying that the annual premium for the
John Hancock policy covering him and his wife, Sue, will rise from $1,816 to
$3,834. About 8 million Americans own long-term policies. The average buyer is
57 and pays $2,100 a year. People are living longer and insurer investments are
doing poorly. Some owners are cutting back from six years to two years of
coverage.

GOP says NO to
$31B “revenue enhancement” At least Reagan saw need!
Senator Orrin Hatch of Utah, the top Republican on the Finance Committee, said in a statement that noted the Buffett Rule proposal would have little effect on reducing thefederal budget deficit. “It was designed for no other reason than politics. There is no economic rationale for it.” GOP against millionaires paying 30% like the rest of us seems unfair. Reagan raised taxes “revenue enhancements” when deficit shot up after he cut taxes and nothing happened.

Obama's 2013 budget plan would raise taxes for 27 percent of U.S. households
Obama focuses the tax increases in his 2013 budget on corporations and the top 2 percent of individual taxpayers. 98.4 percent of people earning more than $1 million would see their taxes increase next year by an average of $184,504. The budget would impose restrictions on multinational corporations' ability to defer U.S. taxes on income earned outside the country. Oil and gas companies would lose several breaks.

Boomers not using FREE wellness screenings
A study of 400 pre-Medicare Boomers (age 47 to 64) and 400 older adults (age 65 to 75) with an annual household income of between $25,000 and $75,000, found that less than half (42 percent) take advantage of Medicare's annual wellness visit. Fewer than half (47 percent) of women and only one-third (32 percent) of men used this preventive care service in a one year period. More info at http://www.medicare.gov/navigation/manage-your-health/preventive-services/medicare-physical-exam.aspx?

Women paying more for health insurance
The health insurance company practice of charging women more
than men for the same coverage costs women $1 billion a year. In most states,
it is common for a female non-smoker to be charged more than a male smoker
simply because she is a woman. Fifty-six percent of best-selling plans charge a
40-year-old woman who does not smoke more than a 40-year-old man who does
smoke. In states where maternity coverage is not mandated (all but nine
states), only six percent of health plans available to a 30-year-old woman
provide such coverage. And in 25 states, there is no insurance plan available
on the individual market that covers maternity services. ObamaCare ends this
discrimination. Women in every state and every employer will have equal
cost/benefit profile as men. http://www.youtube.com/watch?v=0j-CneONiGQ&feature=youtu.be



Homeowner’s coverage to jump 5% to $1,004. Time to shop?
In Georgia,GuideOne Insurance will raise rates by 12% on average starting this month.
Farmers Insurance is increasing rates in Texas by 10% on average. Last month, Allstate started raising rates by 15% in Pennsylvania. And Florida insurer Citizens Property Insurance Corp. and North Carolina Farm Bureau are raising rates on some condo and homeowners by 21% and 6%, respectively. Insurers are not making money on their reserves so we will have to pay for Tom Wilson’s $11 million paychecks. Members use our tricks of the trade to cut premiums amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X/

Rewarding bad behavior—falling stock price and fewer customers?
Allstate CEO Tom Wilson saw his total compensation jump about 20 percent to $11.2 million in 2011 despite an 11 percent drop in the stock price. Allstate analyzed why its ranks of new auto-insurance customers were dropping by double digits and concluded that half the problem was higher rates. How can Tom look in the mirror?

Are ‘living benefits’ right for you?
Insurance policy benefits paid to you while you are still living, rather than paid to a beneficiary or survivor when you die. Also known as accelerated benefits. For example, benefits to pay for long-term care which reduces the death benefit. For annuities, guarantee that you can receive an income for life, regardless of the value of your underlying account. This provision is called a "guaranteed minimum withdrawal benefit" (GMWB). There is another benefit, the "guaranteed minimum accumulation benefit" (GMAB). This guarantees that no matter what the markets have done, your account will grow at a certain percentage rate (usually 5 to 7 percent) for a period of time. Of course, there are fees every year and they are not small. There are better alternatives. See amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573/

Graduation?
Leah's Money Book
can help your young graduate secure a confident future. The key to becoming a
financially confident person is having a plan. Leah has a plan. She started her
Wealth Reserve when she was in college. At current growth rates, she will have
a Reserve to buy a car, home, business and retirement fund in the future. Leah
explains how she can afford an apartment in NYC and how to shop for just about
everything. $15 amazon.com/Leahs-Money-Book-control-money/dp/1448654408/

How well are you prepared to handle financial problems? Take the quiz.
http://www.financialeducatorscouncil.org/financial-literacy-quiz.html

SCAMS
There are over 35,000 lobbyist and 4,611 PACs providing our representatives with $1.2 billion worth of “guidance.”
How does your 'vote' stack up?

Higher tax rates on the wealthy do NOT stop the job creators according to studyWhen rates were 79% we had growth from expanding middle class. Wealthy people don’t build new factories because they have money to spend. They do it when buyers demand products that increase their time or productivity. Tax cuts don’t pay for themselves.
http://www.nytimes.com/2012/03/18/business/marginal-tax-rates-and-wishful-thinking-economic-view.html
Ask Reagan’s advisor why they had the largest tax increase in history!
http://capitalgainsandgames.com/blog/bruce-bartlett/1632/reagans-tax-increases
To reduce the deficit.

Supremes say we can’t sue if denied medical leave
Supreme Court shielded states from claims that they illegally denied medical leave to workers, dividing along ideological lines in a clash about the federal government’s power over the states. Justice John Roberts and Justices Anthony Kennedy, Antonin Scalia, Samuel Alito and Clarence
Thomas, all appointed by Republican presidents, formed the majority in today’s decision. They are All GOPs—what did we expect?

Americans can always sue, I thought.
Will Supremes deny us health care too? Stories of what we
will lose: http://www.youtube.com/watch?v=TW6SJrX1ROw

Following computer directions can be a disaster—GPS leads them into ocean
http://news.yahoo.com/gps-tracking-disaster-japanese-tourists-drive-straight-pacific-172043575--abc-news.html
LEARN HOW TO READ A MAP!


Who owns your account now?
The Hartford selling annuity and life and retirement plans businesses. Time to transfer your annuity using a 1035 exchange. See amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573/



IAN
41 Watchung Plaza, B242
Montclair,
NJ 07042
973.746.2014
http://www.insuranceadvisorsnetwork.com/
Alerts available at http://dankeppel.blogspot.com/