Every grad needs this gift
Wealth: What every high school graduate needs
to know in the 21st century $19.95 Amazon http://www.amazon.com/Wealth-every-school-graduate-century/dp/1466427906/
Investors are giving up on broker commission funds
More investors are moving to no-load (no commission) mutual
funds. The no-load funds had net inflows of $735 billion from 2009 to 2011,
while load-bearing mutual funds saw $109 billion in withdrawals during the same
time, according to the Investment Company Institute. Members move to LOW-COST
funds also: 0.07% vs 1.68% saves about $500,000 on a lifetime of investing. amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137
Congress hides ObamaCare benefits to small business by not
telling?
Why small business ignores tax credit of 35-50% of cost of health care insurance?
For those small businesses that are either adding insurance
coverage or keeping it, the tax credit can save them up to 35 percent. In 2014,
the credit increases to up to 50 percent of the cost of their health insurance.
In Florida
Investors want simple
40% of investors say investment products are too complex and that one-third feel
overwhelmed by their investment options, according to a survey by MFS
Investment. We suspect both figures are low. Members go with the Simple
Financial Life: amazon.com/The-Simple-Financial-Life-paycheck/dp/1441499326
Young workers want pensions
Younger workers prefer guaranteed income in retirement than older workers, according to a study by theHartford
Younger workers prefer guaranteed income in retirement than older workers, according to a study by the
Tax-Free
Living: 2012 strategies to build a tax free $2,000,000
CA low-cost auto cover falls 9% $257.69 a YEAR
The cost of an annual premium has decreased up to 9 percent
across 58 counties and the income eligibility caps for qualifying have
increased. Beginning May 15, the cost of an annual premium for the program has
decreased up to nine percent across California California California California California
Go figure?
A study finds that
in 3 of 4 states that enacted texting bans, accidents actually increased. Instead
they’ll put the phones deeper in their laps to avoid detection and the result
will be an increase in accidents. It’s like football helmets—instead of
protection, it’s a weapon. http://www.csmonitor.com/Commentary/Opinion/2012/0517/Inconvenient-truths-to-a-ban-on-texting-while-driving
Is critical
illness insurance right for you?
The chance of
getting diagnosed with cancer or having a heart attack is heightened for people
over age 40. In fact, according to the American Cancer Society, one in two men
and one in three women develop cancer in their lifetime. This insurance is like
a savings account: you get a lump sum to spend. A person
in their mid-40s will pay $180 a year for a $15,000 lump sum benefit. A recent
study found the average financial cost associated with a critical illness is
$35,500. Most of the cost is linked to lost wages, the survey found. MetLife
found that households spend nearly $5,000 on out-of-pocket medical expenses
that insurance won’t cover, and about $1,500 on non-medical expenses. Let’s do
the math: pay $180 a year for 40 years for $15,000 benefit if you need it. But you can pay $180 a year for 40 years in a bond
fund and have $53,000 tax-FREE AND you don’t need to get sick. Members buy only
what they need: http://www.amazon.com/Drop-Your-Insurance-Only-What/dp/1448623391
Should stay at
home parent be denied credit card?
“Denying someone a credit card because that person is a stay-at-home parent devalues the work of raising and caring for children and that person’s worth as a partner,” MomsRising Executive Director Kristin Rowe-Finkbeiner said in a statement Tuesday. " This radical shift in policy -- considering individual income rather than household income in granting credit -- does nothing to help credit card companies assess credit-worthiness and everything to harm moms or dads who don’t earn income.” New law denies credit to those without income in their own name. Household income is not enough even though they make 90% of all purchases for the home. http://www.change.org/petitions/don-t-set-us-back-half-a-century-give-stay-at-home-moms-credit
“Denying someone a credit card because that person is a stay-at-home parent devalues the work of raising and caring for children and that person’s worth as a partner,” MomsRising Executive Director Kristin Rowe-Finkbeiner said in a statement Tuesday. " This radical shift in policy -- considering individual income rather than household income in granting credit -- does nothing to help credit card companies assess credit-worthiness and everything to harm moms or dads who don’t earn income.” New law denies credit to those without income in their own name. Household income is not enough even though they make 90% of all purchases for the home. http://www.change.org/petitions/don-t-set-us-back-half-a-century-give-stay-at-home-moms-credit
SCAMS “Only
the little people pay taxes.” Leona Helmsley
Will Congress cap the taxes it gives to farm corporations? Save $1B
A recent report by the Government Accountability Office,
which was originally requested by Sen. Coburn, that outlined possible savings
of up to $1 billion a year on crop insurance if Congress capped the subsidies
for the premiums paid by farmers and USDA took more aggressive steps to monitor
for fraud and abuse in the program.
Will Congress stop the bank bailout waiting to happen? Save $3B
Morgan Chase’s $2 billion loss proved that we need to separate the banks into 2 banks: the
FDIC backed deposit bank and the betting bank. Sen. Carl Levin, D-Mich., said that Dodd-Frank allows banks to hedge
particular assets but prohibits the kind of position that JPMorgan took.
“This kind of
hedging on the direction of the economy is not allowed,” Mr. Levin said.
Regulators have given banks two years to implement Dodd-Frank. Morgan
Chase bets on “synthetic credit
securities” and could face $1
billion more in losses. They aren’t sure
how it happened exactly???? NY Fed knew about JPMorgan's trading
loss and did nothing. Government is letting it happen again.
Do we need
another catastrophe before we do something?
GE pays fired employee $2.25 million for poor job
performance!
Genworth Financial will pay former Chief Executive Michael
Fraizer a lump sum of $2.25 million as well as stock options worth $ millions
as part of a separation agreement reached on Monday. Fraizer stepped down as
CEO after the company's weaker-than-expected results earlier this month. Only
in America
By the way, GE made $5.1 billions
and paid no tax--got a refund too!
IAN
41 Watchung Plaza, B242
973.746.2014
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