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/Now an ebook!
What can you do with an old life policy?
You can have an unbiased evaluation and find out your options at EvaluateLifeInsurance.org/
Where to find $3,000 this year?
Your tax return is the easiest way to find extra. The second way is moving your mutual funds to a low-cost provider like Vanguard. There are over 200 ways to save extra money this year. We put them together in one place: http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X/
OH bans electronic diversion and driving
End of auto insurance business?
Advances in driver and auto safety have now alarmed some insurers. Use of three currently available technologies: telematics, collision avoidance and automated traffic law enforcement, has made accident liability more unlikely. The implications for property/casualty insurers would be enormous. Traffic fatalities are hitting record lows for all drivers, but the drop among teen drivers is especially important, given that traffic accidents are the leading cause of death for teens. No premiums, no insurers. Shop and save with premium determined by your discounts and driver miles: http://www.amazon.com/Drop-Your-Insurance-Only-What/dp/1448623391/
Paid advisors are in trouble
More than a third of the surveyed investors – even more among younger people — believe the information they find on the Internetabout investments is just as good as what they would get from a financial adviser. About half of Generation X investors believe information from the Internet is just as good and 57% of those from Generation Y have just as much faith in info from the Internet as they would from an adviser. Members agree: Wealth Without Wall Street helps dispell the myths about building wealth. http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137
How is it possible to destroy your wealth?
This story shows how easy it is to lose your wealth without a plan to spend it. http://www.businessinsider.com/14-lottery-winners-who-blew-it-all-2012-3#willie-hurt-had-one-hell-of-a-crack-addiction-6
Mewbers use our Guide: http://www.amazon.com/The-Simple-Financial-Life-paycheck/dp/1441499326/
Where will we be in 15 years—2027?
HALF of Americans said they weren’t contributing to any retirement plan; Americans ages 18-34 were more likely (56%) to be among those not saving, according to a new LIMRA survey. "Secure income covers 81 to 100 percent of monthly expenses for nearly six of 10 (58 percent) of retirees polled," Black Rock said. "Across all retirees, on average, secure income covers 76 percent of expenses," with pensions providing most of these payments. While 80 percent of current retirees said they had pensions, only 53 percent of current workers have them, and the total drops sharply among younger employees." TIME can make up for their lack of money. $3.33 a day can grow to $1,000,000 by retirement. The New American Retirement System is the answer: http://www.amazon.com/The-New-American-Retirement-System/dp/1461030072/
PA court disallows long term care insurer to liquidate—blames regulator
PA court has disallowed efforts by the Pennsylvania Insurance Department to liquidate two long-term care insurance (LTCI) companies of Penn Treaty. In the absence of receipt by the Companies of these justified premium rate increases, actuarial projections suggest that there will be insufficient funds to meet the Companies’ future obligations. “A liquidation will shift to the taxpayer the ultimate cost of a state’s refusal to grant actuarially sound rate increases because taxpayers will have to reimburse the guaranty funds.” “The Rehabilitator’s evidence showed that rate regulation is governed by politics, not actuarial evidence or legal principles. This case presents a serious indictment of the existing system of rate regulation of long-term care insurance.”
Socialism for the rich is complicated (so we don’t see it as socialism)
Paying corporations NOT to grow food while 50 million Americans are paid food stamps to eat. Paying Brazil
http://www.agriculturelaw.com/http://www.npr.org/2012/04/22/151166529/poverty-in-america-defining-the-new-poor?ps=cprs
Socialism for the rich is fun but complicated (so we don’t see it as socialism)
The players get to keep their winnings and we pay for the losses!
Morgan Chase's $2 Billion loss from big wagers is backed by the Fed—no run on bank is necessary.
The bank, betting on a continued economic recovery with a complex web of trades tied to the values of corporate bonds, was hit hard when prices moved against it starting last month, causing losses in many of its derivatives positions. The bank's strategy was "flawed, complex, poorly reviewed, poorly executed and poorly monitored," Mr. Dimon said. Chase sells CDS contracts—insurance—to other banks etc, like AIG did. They placed bets on how the bond markets will go. They have bet about $350 Billion—about 15% of the bank’s assets.
Thanks to the rule “too big to fail,” your taxes back up these risky bets because Chase knows we will bail them out if they fail. They have buddy Geithner on their side. Meanwhile, Goldman says buy AIG stock.
Here we go again!
Socialism for the rich is fun but complicated (so we don’t see it as socialism)
Michele Bachmann is now a Swiss citizen with an offshore account
She can now run for office in
Who owns your account NOW?
MetLife to buy the Reynolds Plantation luxury residential golf community and resort in
IAN
41 Watchung Plaza, B242 973.746.2014
www.InsuranceAdvisorsNetwork.com
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