Lies My Financial Advisors Told Me

Lies My Financial Advisors Told Me and low-cost alternatives I found

Did your advisor show you how to earn 10-12% return on your money without paying their fees every year?
Did your broker tell you that you can buy individual securities for $0 commissions now?
Did your agent call you about falling insurance premiums?
Did your banker explain your accounts will be ‘nickeled’ and ‘dimed’ to death?
Did your money manager explain that low costs are the best predictor of investment success?
Your financial “team” is robbing you of $3,000 every year.
“Professional money management is a gigantic rip-off.” Bill Gross, Bond Guru
Just published: https://www.createspace.com/3943417

Women need to start building tax-FREE wealth now with $100

Retired women continue to rely on Social Security at higher rates than retired men, with 16 percent of women and 12 percent of men age 65 and older depending on those payments as their only income in 2010, according to a recent report. Women who started late were still able to create a Tax-FREE Retirement: http://www.amazon.com/Ensure-Your-Financial-Health-Wealth/dp/1466388293

Medicare helps start new health insurer in CO

The Centers for Medicare& Medicaid Services awarded a $69,396,000 loan today to Colorado Health Insurance Cooperative, Inc. in Coloradoto launch a new private non-profit, consumer-governed health insurance company, called a Consumer Operated and Oriented Plan (CO-OP). "CO-OPs will promote competition and give consumers more health insurance choices," said Marilyn Tavenner, CMS Acting Administrator. "These new private nonprofit insurers will be run by consumers and are designed to offer individuals and small businesses more affordable, consumer-friendly and high-quality health insurance options."

Free medical screenings begin

Eight new health insurance requirements under the Affordable Care Act covering women's health --from wellness visits to contraception -- take effect Aug 1 and will benefit millions of women. But the rules already face multiple legal challenges from Roman Catholic institutions and others who say the contraceptive mandates violate their religious freedom. The changes, which eliminate co-payments for wellness examinations, breastfeeding support, supplies and counseling, and screening and counseling for domestic violence will "improve health for women and their children," Karen Davenport, director of health policy for the National Women's Law Center, said Tuesday.

The Department of Health and Human Services estimates the new benefits will be extended to 467 million women as their new or altered insurance plans take effect over the next year, Davenportsaid. Women will have access to all major forms of birth control without any kind of co-pay, said Jennifer Frizzell, senior policy adviser for Planned Parenthood of Northern New England.

Other women's benefit expansions that begin Wednesday include screening for diabetes during pregnancy, human papillomavirus (HPV) testing, and counseling and screening for human immune-deficiency virus (HIV) and counseling for sexually transmitted infections.

On the floor of the U.S. Senate on Tuesday, Sen. Jeanne Shaheen, D-N.H., said, "This will make a real and lasting difference for every woman across this country who can be ... screened for HIV, get a flu shot or receive DNA testing for certain cancers at no cost. Finances will no longer stand in their way.

HALF of US in crisis drought

More than half of all U.S.counties — 1,584 in 32 states — have been designated primary disaster areas this growing season, the vast majority of them mired in a drought that's considered the worst in decades. To help ease the burden on the nation's farms, Agriculture Secretary Tom Vilsack on Thursday opened up 3.8 million acres of conservation land for ranchers to use for haying and grazing. Under that conservation program, farmers have been paid to take land out of production to ward against erosion and create wildlife habitat. "The assistance announced today will help U.S.livestock producers dealing with climbing feed prices, critical shortages of hay and deteriorating pasturelands," Vilsack said. Vilsack also said crop insurers have agreed to provide farmers facing cash-flow issues a penalty-free, 30-day grace period on premiums in 2012.

Accumulate $1,000,000 with NO taxes EVER. +Take $6,600 monthly income FREE of income taxes.
+Avoid tax on up to 85% of your Social Security benefits.
+Turn your taxable pension or IRA into tax-FREE income.
+Use a special tax haven to protect all your earnings and gains.

Where is your sloop going? A retirement portfolio that flies. $12.95 Just published https://www.createspace.com/3948629

Penn State insurers refuse to pay for institutional crimes

Penn Statefaces $60 million in NCAA penalties, more than $10 million in investigative and public relations costs, and the possibility of many millions more in defense and damages for claims by victims of Sandusky's abuse. But Penn State's insurers say they won't pay. State Farm insurance company has brought a federal lawsuit to get out of paying Jerry Sandusky's considerable legal bills.

Will the lawyers work for free?

45% of eligible retirees take Social Security at age 62

The share of workers claiming early retirement benefits under Social Security has decreased since 2004 when about 58 percent of retirees take benefits at the earliest possible age of 62. The monthly benefit for today's new retirees is reduced 25 percent if claimed at the early eligibility age of 62. High unemployment cycles encourage people to take the money early. However, living on less in the future will be a problem for many. Make sure you have enough: http://www.amazon.com/Forget-Social-Security-Medicare-Lifestyle/dp/1466394285/

Long-term care insurance rates up 50% at GE

Genworth GE said it will raise rates on a majority of its older long-term care insurance (LTCI) policies by 50% over 5 years and to raise rates on many of the oldest "new generation" LTCI by 25% over 5 years. But profits have fallen short of expectations because of lower-than-expected lapse rates, higher-than-expected claims, and low interest rates, and "we believe that early intervention on the newer block is important to managing the performance of this business," Kelleher said. Company executives said Genworth hopes LTCI rate increases already being implemented will add $50 million in new revenue this year and $60 million next year, and that the new rounds of rate increases will add $200 million to $300 million in annual revenue. Time to look at alternatives: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X

GOP Bachmann raises $1 million: says Muslim Brotherhood in State Department

During July, Bachmann drew headlines for her letters, signed with four other members of Congress, accusing the Muslim Brotherhood of "deep penetration" within the U.S. government and singling out longtime Secretary of State Hillary Clinton aide Huma Abedin. Bachmann faces reelection and it's raining Tea leaves.

SCAMS “Only the little people pay taxes.” Leona Helmsley

Romney won’t release tax returns to public and now we know why

Senate Majority Leader Harry Reid is not backing down from his second-hand allegations that Mitt Romney did not pay taxes for 10 years, but he still won't name his sources for the unproven claim. Reid said earlier this week that an investor in Romney's former private equity firm toldhim the Republican presidential candidate paid no taxes for a decade. But Reid would not identify the Bain Capital source and acknowledge that he doesn't know if the sensational claim is correct. “I have had a number of people tell me that." But he still wouldn't name his sources. "I don't think the burden should be on me," he said. "The burden should be on him. He's the one I've alleged has not paid any taxes. Why didn't he release his tax returns?" http://www.nydailynews.com/news/election-2012/harry-reid-continues-pushing-allegations-mitt-romney-paid-taxes-10-years-article-1.1127323#ixzz22P5VMRzX

This is why his fortune is in Ireland, Switzerland, Luxembourg, Bermuda and the Cayman Islands, reports the New York Daly News, and not in the US. We are making up for his lack of tax payments.

Who owns your account now?

Woodbury Financial, (Hartford) with 1,400 reps and advisers to AIG.

Family Heritage Life Insurance to Torchmark Corporation

Zecco and TradeKing announced their intention to merge

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