Wealth: What every high school graduate needs to know in the 21st century $19.95
Your tax refunds could be your future Tax-FREE retirement
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 http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976/
Did you receive a refund?
Why are you making a loan
to the US
Take your refund up front and build a tax-free
retirement. Increase your allowances so your boss takes out less in
your paycheck. Use this form to increase allowances 1 or 2. http://www.irs.gov/pub/irs-pdf/fw4.pdf
How much are you paying for college savings plans?
The Coalition of Mutual Fund Investors found that plans sold
through financial advisers or brokers
charge more than twice as much in annual fees than plans that parents
choose directly through states and manage on their own. On average, the
adviser-sold plans were 2.15 times as expensive. The difference was larger when
the fund investor organization also included initial sales charges and account
maintenance fees that an investor would pay over 10 years — the time span many
parents spend building up a 529 account. That comparison found adviser-sold
plans cost 2.73 times as much, on
average. In dollar terms, the 10-year cost of a $10,000 investment was an
average $1,944 for adviser-sold plans compared with $712 for direct-sold plans.
Compare fees: http://corporate.morningstar.com/us/pr/529_PaperUpdate.pdf
Unless your state gives you a tax break, low-cost leaders
Vanguard and Fidelity are the best choices no matter where you live.
Students face big financial
aid changes in 2012 unless our “Reps” work together
Starting July 1,
2012 , interest rates on subsidized Stafford
loans will jump from 3.4 percent to 6.8 percent, reports the Department of
Education. Unsubsidized Stafford loan and graduate Stafford
loan rates will stay locked at 6.8 percent.
Another war? Are
your taxes paid?
Multiple stealth F-22 Raptors, which have never been combat-tested, are now in hangars at the United
Arab Emirates
No matter. The Air Force says the F-22 is ready for war, should it be called.
A former Israeli spymaster has branded the country's leaders
unfit to tackle the Iranian nuclear program because of what he called the
"messianic feelings" behind their threats to launch a pre-emptive war
on Iran
Is ”asset-based” long-term care insurance right for you?
This name is really a misnomer. Insurers are reacting to the
failure of long-term care insurance to thrive by adding a rider to their
regular savings-plan life insurance. They are pitching expensive life insurance
as long-term care insurance so younger buyers will feel better about buying
life insurance. Now, they say, you get two for one. Sellers can now avoid the
‘use it or lose it’ risk of LTCi. Most of the new Life+LTC policies do NOT
include a benefit increase option that bumps up available benefits to keep pace
with inflationary growth of costs. Thus buyers are being misled to think this
policy will cover their future needs. However, when they need care—perhaps
20-30 years hence—they will find that the benefit is so small as to be useless.
An alternative, to invest in appreciating assets, will cover needs more
appropriately AND retains value for heirs. Members craft their own care
benefits/legacy using our Guide: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X
GOP gone over the
edge?
FL Rep Allen West declares 81 of his colleagues are
communists. McCarthyism?
Facts died
Wednesday, April 18, after a long battle for relevancy with the 24-hour news
cycle, blogs and the Internet. Though few expected Facts to pull out of its
years-long downward spiral, the official cause of death was from injuries
suffered last week when Florida Republican Rep. Allen West steadfastly declared
that as many as 81 of his fellow members of theU.S. House of Representatives
are communists. http://articles.chicagotribune.com/2012-04-19/news/ct-talk-huppke-obit-facts-20120419_1_facts-philosopher-opinion
GOP view of US future
is not Christian, Bishops say!
There is
something un-Christian about the Gospel According to Paul Ryan. So, at least,
says Ryan's Catholic Church. The bishops, in opposing Ryan's budget, called for "shared sacrifice by all,
including raising adequate revenues."
"Your
budget," a group of Jesuit scholars and other Georgetown University
faculty members wrote to Ryan last week, "appears to reflect the values of
your favorite philosopher, Ayn Rand, rather than the Gospel of Jesus Christ.”
Even Jesus said
to render unto Caesar that which is Caesar's. Ryan would rather give the rich a
tax cut.
AL health care structure may kill people
All sides agree that lives hang in the balance -- and not
just the lives of people who rely on Medicaid for care. State health officials
and lawmakers said a $400 million state Medicaid budget would trigger a chain
reaction that would lead to care facilities closing and doctors leaving the
state or going out of business.
American “job creators” leaving US to find demand
“We’re investing in India Russia Brazil
Are Inverse and leveraged ETFs for you?
Regulators fined four
brokerage giants – Citigroup, Morgan Stanley, UBS, and Wells Fargo for selling complex ETFs to retail clients whose
conservative portfolios shouldn't have contained the risky investments. The brokerages agreed to pay $7.3 million in
fines and $1.8 in restitution to customers who bought unsuitable inverse and leveraged
ETFs. The only reason brokers put these
customers at risk is the commission. "What kind of deterrence
does this serve if they can still keep (nearly all) of the profits from the
trading...?" said Jill Gross, director of the Investor Rights Clinic at Pace
Law School New York
EXAMPLE: A 65-year-old conservative customer of Wells Fargo
with a stated net worth less than $50,000 held a non-traditional ETF for 43
days and sustained losses of more than $25,000.
Have you been denied health coverage? See Pre-Existing Condition Insurance Plan.
•You must have been without health coverage for at least the
last 6 months. Please note that if you currently have insurance coverage that
doesn’t cover your medical condition or are enrolled in a state high risk pool,
you are not eligible for the Pre-Existing Condition Insurance Plan.
•You must have a pre-existing condition or have been denied
health coverage because of your health condition. Information about what
documents about your pre-existing condition you need to provide with your
application is available here.
Are your brokerage fees excessive?
Find out by using a new service: SigFig. Some advisers charge customers “wildly different
fees” — ranging from 70 basis points to 260 basis points — for the same
services. For instance, some firms give a discount to large accounts, but the
discounts don't necessarily line up with account size. “Basically, they charge
you whatever they think they can get out of you,” Mr. Conrad said. Joe Duran,
chief executive of United Capital, called SigFig a “revolutionary” product that
will reward low-cost providers. https://www.sigfig.com/
Disclaimer: Insiders have not used this yet.
Do you know what Social
Security will pay you each month?
“Our new online
Social Security Statement, available at www.socialsecurity.gov/mystatement,
is simple, easy-to-use and provides people with estimates they can use to plan
for their retirement,” said Michael J. Astrue, Commissioner of Social Security.
Members make a spending plan so there are no surprises: http://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016/
Have you shopped for auto coverage lately?
Insurers increase advertising to attract new customers. You may be surprised by saving 30% on your
premium because insurers are using more aggressive pricing. Use our Guide to
save thousands of dollars over the next 10 years. http://www.amazon.com/Industry-Insiders-Guides-Buying-Insurance/dp/1466435712/
WA sued by women who want their health care
Dozens of women filed a lawsuit against Attorney General Rob
McKenna, alleging that his participation in legal action to overturn federal
health reform threatens access to comprehensive coverage for women. McKenna’s
actions are not in the best interest of Washington
SCAMS Only
the little people pay taxes.” Leona Helmsley
Which lobbyist is your “representative” hearing from today?
It will cost you to see your rep but you can let them know
you need your tax benefits. See where and when to meet: http://politicalpartytime.org/
Another “too big to fail” bank/hedge fund
Wells Fargo will look more like its Wall Street counterparts
after a deal announced Friday to buy Merlin Securities, a prime brokerage and
technology provider. Wells announced
the acquisition of LaCrosse Global Fund Services, a hedge fund administration
and service provider, in September. Wells will set up a big trading operation
to complement its retail bank like all the rest.
Former Fed banker warns oligopoly banks still can hurt us
“We cannot have a durable, competitive, dynamic banking
system that facilitates economic growth if policy protects the franchises of
oligopolies atop the financial sector,” Mr. Warsh told an audience at the Stanford.
Wealthy “Americans”
line up to give up passports in Swiss capital
Rich Americans
renouncing U.S. citizenship rose sevenfold since a UBS whistle-blower triggered
a crackdown on tax evasion four years ago. Few have been prosecuted for hiding
income however. They pay a fee of $450 to renounce!?!
IAN
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