Life Insurance: Do You Need It? Save $17,970 with the right one!
By Dan Keppel, MBA
Why do you need life insurance now?
Are you protecting your family and assets well?
Are you paying more than you need to pay?
In the 21st century, you can purchase all your financial needs at a substantial discount, some to 300%. I will show you how to buy value—quality at the right price. Avoid commissions and fees. Build your own wealth not that of your insurer.
You may be paying more premium than you need to—prices vary by over 300%. You may be paying for things in your policy you don't even want. You are probably using companies that are in business to serve their agents and their stockholders more than to serve you. The same policy can cost $983 or $384. Just $19.95 at Amazon: http://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178/
Middle class is withering away—47% don’t pay tax and 67% corporations don’t pay tax
Since 2009, wealthy Americans’ incomes have continued to pull away from the rest of society. That shift represented the equivalent of $884 billion moving from the middle class to the most affluent. In the aftermath of the recession, income inequality in the U.S. reached a new high in 2011, Census Bureau data show. The public rejects explicit calls to share or redistribute wealth even while supporting policies that do so, including raising taxes on the wealthy or maintaining programs such as Social Security. The top 1 percent of families garnered 93 percent of the income gains in 2009 and 2010, according to an analysis of Internal Revenue Service data by Emmanuel Saez of the University ofCalifornia Berkeley . http://www.businessweek.com/news/2012-09-28/wealthy-americans-gain-even-as-republicans-decry-redistribution
Is your mutual fund right for you?
With expenses of 4.16%, Midas Magic fund has lost money while the fund owners have done well. While many funds are reducing their costs due to the competition from Vanguard and others, some fund owners/managers want more. They offer incentives to sellers no matter how badly the funds perform. If your funds are lucky enough to earn 11%, the market averages, you would receive less than 7% with the same risk. This does not include any broker fees and commissions. So now you are really in the hole.
And really, what are the odds your fund will beat the averages?
There were only 40 days from 1950 to 2007 that produced 70% of all the S&P 500 index’s total returns. That is 40 out of 14,528. You will lose money if you trade mutual funds in the hope of finding the right one, according to John Bogle, Don’t Count on It, p 169. Count on the averages to make you a Patient Millionaire: https://www.createspace.com/4000350
10 cars that cost you more in an accident
The IIHS Status Report, published on Sept. 20, contains a table of personal injury protection (PIP) claims for cars manufactured between 2009 and 2011. It also ranks the 10 most dangerous cars on the road by PIP claims. Check yours. http://www.cnbc.com/id/49169227/10_Bad_Luck_Cars
Vehicle Insurance: Beware: Double Coverage
by Dan Keppel
Save $22,000 with the right policy.
Your policy duplicates at least three coverages.
The same 2-car policy can cost $1,400 or $3,600.
Create a Wealth ReserveTM to self-insure small risks.
Accumulate $100,000 in 15 years to protect your future.
The same 2-car policy can cost $1,400 or $3,600.
Create a Wealth ReserveTM to self-insure small risks.
Accumulate $100,000 in 15 years to protect your future.
Feds accuse some annuity sellers of cramming inappropriate products on vets
According to the GAO report, some planners were placing senior veterans in products that may not be age-appropriate because the veteran may lose access to funds needed for future expenses. For example, the GAO reports that some organizations may sell deferred annuities to an applicant that would make their funds unavailable to them during their expected lifetime without facing high withdrawal fees. The premium investment is not received for several years and withdrawing funds from it early can be very costly. This kind of annuity would probably not be desirable for an older veteran. Vets should not buy an annuity before considering the alternatives. Annuity sellers are not unbiased about alternatives even though accredited by the VA. See commission-less alternatives first:http://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573/
CA law controls long-term care insurance premium increases
AB 999 will help protect consumers from excessive premium rate hikes in long-term care insurance by modifying the rate development process. CA will ask insurers to prove a rate request. The buyers of LTCi still need to consider price changes BEFORE they buy since more than half of all policies are dropped before benefits are paid:http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X
Which President is best for stock market growth?
Reagan? Bush? No, not a republican.
Fortune shares the facts:
Romney plan will hit middle class with loss of mortgage interest/property tax deductions
Romney plan to cut taxes is designed to spur economic growth, though a Congressional Research Service study concluded that previous rate-cutting had “little association” with saving, investment or productivity, although it did exacerbate the rich-poor gap.Corporations already have more cash on hand to build new plants than ever before. They are building the plants overseas or storing the cash overseas where there is no tax. They don’t need a tax break. Romney’s 1% don’t need a tax break—they are “investing” in tax avoidance schemes, not new industry for new jobs. See how Romney did it below.
FREE online home inventory makes ‘proof of loss’ a click away
The Insurance Information Institute's free online home inventory software. This application makes creating and updating your home inventory easy and efficient. And with the free, secure online storage you will have access to your inventory anywhere, any time. You never know when a disaster may strike, but you can be prepared with an up-to-date home inventory. https://www.knowyourstuff.org/iii/login.html
Vanguard will lower costs again
Through the first nine months of the year, Vanguard, thanks largely to its focus on low costs, attracted nearly $1 of every $3 invested. Vanguard is changing the benchmarks for some funds and ETF in order to use lower-priced index benchmarks.
CA offers to run pensions for small employers
First state-run pension program for nongovernment workers targets firms that don't offer 401(k)s. This will be done at lower cost than most businesses can afford. The law requires companies to contribute 3 percent of a worker's salary to a retirement account. Workers will be enrolled in the program unless they choose to opt out. Employers with 5 or more employees will be offered the funds run by the California Public Employees' Retirement System, the biggest U.S. pension with the lowest costs. Cost is the best predictor of investing success according to rating firm Morningstar: http://www.amazon.com/New-American-Retirement-System-Tax-FREE/dp/1461030072/
Employers must provide a summary of benefits and coverage on our health plans
SBC must contain specified information regarding the plan's coverage, including: cost-sharing (deductibles, coinsurance, copayments and the like) for each category of benefits; exceptions, reductions and limitations of the coverage; renewability and continuation of coverage provisions; and coverage examples explaining how benefits will be provided under the plan for specific health conditions. The SBC must also contain certain other statements and contact information. Most employers have not complied. See details:http://www.lexology.com/library/detail.aspx?g=908d77ad-2e5f-4b3c-b89e-a2c97fe99b8e
GOP voter registration scandal repeats 2004 problem firm
Republicans are playing defense over voter-registration fraud. Some organized Republican voter-registration drives have virtually ground to a halt as Republicans fired Nathan Sproul’s firm, Strategic Allied Consulting, in seven battleground states. SAC is now under investigation for voter-registration fraud by Florida in as many as 10 counties involving at least 220 suspect forms. GOP paid $13 per name for new GOP-only registrations. It’s such a mess that the Republican Party of Florida has filed an elections complaint against the Strategic Allied Consulting, which then turned around and bashed…. The Republican Party of Florida . Another company of Sproul’s, in 2004, was accused in Nevada , Arizona and Oregon of elections irregularities, including allegations that employees destroyed the newly collected registration forms of Democratic voters to keep them off the rolls. InColorado , a hidden video captured one Strategic employee trying to register only Republicans. This is illegal.
RomneyCare would leave 72 million without health care—Two Americas: Red/Blue
A new study released by the private foundation, The Commonwealth Fund, has revealed that 72 million Americans would be uninsured by 2022 if Republican presidential nominee Mitt Romney wins the election and has his health care plan enacted. The study also found that Romney's plan would cost Americans more money. People who choose to buy health insurance on their own would pay 14 percent of their income, compared to only 9 percent under the ACA, The Commonwealth Fund stated. The Congressional Budget Office and the Joint Committee on Taxation added that repealing the ACA would cost a federal budget deficit of $109 billion between 2013 and 2022. The study estimates that 30% to 37% of TX residents would be uninsured compared to 3%-10% in MA.
SCAMS “Only the little people pay taxes.” Leona Helmsley
Romney avoided tax on $100 million and gave it to kids without gift tax
He avoided gift and estate taxes by using a type of generation-skipping trust known as an “intentionally defective grantor trust” IDGT which permits wealthy people to establish dynasties. The whole reason for the estate tax was to outlaw perpetual wealth.
If Romney had given the cash, like most people, he could have owed a gift tax at a rate as high as 55 percent. The trust's value isn't counted in the $250 million that his campaign cites as Romney's net worth. By dodging the estate and gift tax, they are able to build dynastic wealth. The Obama administration estimates that closing the loophole Romney used would bring the federal government $ billions in the coming decade. One observer said that a single billionaire could pay $500 million more in estate taxes if these trusts are shut down by the Obama administration. What deficit? http://www.bloomberg.com/news/2012-09-27/romney-i-dig-it-trust-gives-heirs-triple-benefit.html
Who owns your account now?
The Hartford 's individual life insurance business to Prudential Financial.
IAN
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