High energy prices and an economy that has been slow to
rebound are worsening Social Security's finances, shortening the life of the
trust funds that support program by three years. Use our Tax-FREE Retirement Only $12.95 at Amazon: http://www.amazon.com/gp/product/1475206976/
by our Insider Law Steeple.
Is your advisor, broker, money manager unbiased?
A former advisor comes clean and explains why it is not
possible. http://www.aarp.org/money/investing/info-03-2012/two-sides-of-financial-planner.html
Members seek unbiased information and make their own
decisions using our Unbiased Advisors Network: http://www.amazon.com/Unbiased-Advisors-Network-helps-tax-FREE/dp/1470106841/
Most hot tips—stocks or mutual funds—end badly for you!
When a niche fund
attracts a following, others try to replicate its success. As money piles in,
valuations become inflated, and the cycle continues until eventually the bubble
bursts. “New fund products often follow the trend instead of anticipating it,”
says Jeff Tjornehoj, a research director at fund tracker Lipper.
The pattern occurs
over and over. In 2000, 94 tech stock mutual funds and ETFs were launched,
according to Morningstar -- more than in any other year -- right at the peak of
the dot-com bubble. From the end of 2000 through the October 2002 lows of the
bear market, the average tech fund lost a cumulative 64 percent while the
S&P 500 lost 31 percent. Brokers make money buying and selling.
Lesson: Chasing
the next big thing only helps the person who is trying to sell it.
5 old white guys will determine our health care fate in June
25% of workers lost
health care coverage for some time in 2011
One-quarter of
adults ages 19-64 experienced a gap in their health insurance in 2011 due to a
loss of job or changing jobs, a non-profit group says. 62 percent of those who
tried to buy a policy in the past three years said it was very difficult or
impossible to find affordable coverage. 1/3 of those that applied were denied
or lost some coverage due to pre-existing condition.
Maybe we should try
the single payer system. Can’t be worse than the current one!
New car in your spring?
If you have the new car itch, think about scratching it with
a 3 year old luxury model. The average new car loses nearly HALF its value in 3
years, according to Consumer Reports. http://www.usedcarblog.com/consumer-reports-most-reliable-used-car-list/
Members use their Wealth Reserve to lend themselves the
money to buy used luxury and pay themselves back over 4-6 years, saving
interest and assuring later goals are met. They look for value—EG: 2008 Lexus
ES Certified 53K mi $25,000 in central Ohio
Is your brokerage the highest paying one?—More for broker;
less for you.
Topping the list is Commonwealth, Ameriprise, Wells Fargo.
Perhaps it is time to find a cheaper one. Members use Wealth
Without Wall Street to buy only what they need. $15.65 at Amazon. http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137
Long-term care policy price rise?
The average premium for $150 a day benefit has risen from
$1,524 in 2007 to $2,269 in 2012 for a 55 year old in good health, 3 year
benefit, 90-day deductible, and 5% compound inflation protection. You may be
better off using a Wealth Reserve. Check: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X/
SCAMS Only
the little people pay taxes.” Leona Helmsley
MetLife caught stealing from the dead, pays fine—no one
goes to jail
MetLife will pay
about $500 million in a multistate settlement after regulators reviewed whether
companies were holding funds that should go to beneficiaries. Insurers are still investigating more than 445,000 potential matches for
additional unpaid claims. "This investigation makes it perfectly clear
that something must be done to make sure families across New York
Most scams start as someone
you know providing information from thieves
Your co-worker, fellow parishioner, social gathering, etc.
tell you of special situation. You don’t want to pass up a good opportunity and
go “just to listen.” Then usually the sales pitch is so innocent and safe
sounding that you think, “What can it hurt to give it a try with $2,000?” But
it does hurt. Over time you can’t stop adding money since your statement looks
great. You sell yourself and tell others, “I would like you meet Mr Madoff,
he’s been great.” Madoff’s victims were not stupid people, just friends.
Who owns your account now?
Harleysville to Nationwide
MetLife reverse
mortgage business to Nationstar Mortgage LLC
IAN
41 Watchung Plaza, B242 973.746.2014
www.InsuranceAdvisorsNetwork.com
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