Internet Money Smarts: Get More Pay Less by Dan Keppel
Save $3,000 a year on mutual funds, insurance, etc.
Buy online—skip the “middle-people” markup.
Buy only what you need—with discounts.
Use a Tax-FREE account. Never pay income tax.
Future millionaires are obtaining all the information they need to make wise financial decisions FREE. The answers are online. The financial industry retail model is dying. People of all ages are shopping for almost everything online FIRST. Eventually, people will realize that their advisors are not worth the costs. Ebook $9.95
http://www.amazon.com/Internet-Money-Smarts-More-ebook/dp/B00GEA5EXI
Is $19 a month going to help your budget?
Social Security announced a 1.5% benefit increase for 2014. That translates to a $19 per month increase on the average 2013 Social Security benefit of $1,272 per month. One of the reasons SS will run out of money in 2033 is that the wealthy have negotiated a cap on their contributions. The Social Security taxable maximum will increase to $117,000 in 2014, up from $113,700 in 2013. If you make over $117,000, you avoid helping your fellow Americans in need. The wealthy have also just negotiated a cut in food stamps, Head Start, and society’s safety net—Medicaid—in order to pay for their tax breaks. Most pay HALF of what we pay: Warren Buffettpays only 17% total tax, Mitt Romney only 14%, and John Kerry only 13%, Apple only 9.8%. Most of us pay 32.9%.
ObamaCare is like car insurance
We buy it because we all need it whether we have an accident today or not. It is the law. No one is closing the government because we are forced to buy car insurance. I am sure that when you have an accident, you have thought, “I am glad I have coverage to fix my car and pay my bills.” No Tea Partyers complain that car insurance is socialism. We pay in so our neighbor can fix his car when he has an accident.
Is this concept so hard to understand? Really?
Why does the millionaire Congress want the poor to stay uninsured? Congressmen have insurance. Senior Cruz has generous health benefits already. Why is he against them?
KY health insurance site signs up 1,000 a day
Roughly 1,000 people a day are signing up for coverage through
Kentucky’s online insurance marketplace, or exchange, a volume that state officials say has far exceeded their expectations. The success of the exchange, known as Kynect, contrasts sharply with the technical failures of the federally run exchange serving 36 states. For example, Patricia Bond, a breast cancer survivor, said she was paying $837 a month for health insurance, a cost that had leapt since her diagnosis. “It’s been really hard to come up with that,” Ms. Bond, a seamstress, said. “I mean, that’s higher than my house payment.” She found that she would qualify for a premium subsidy of $377 a month if she bought an exchange plan. Of the 24 plans that the exchange offered her, the most expensive would be a silver plan for $263 a month after the subsidy, with an $800 deductible. KY has outreach workers to help citizens compare options. Buy only what you need:
http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
ObamaCare by phone despite negative press
Obamacare is providing competitive and affordable choices of health plans that consistently meet minimum requirements, according to an analysis by Innovative Solutions Consulting of county-level data available at the healthcare exchange. People receiving insurance cancellation notices because of ObamaCare had policies that didn’t meet the minimum standards for coverage. They had accident insurance, special disease insurance and lump sum insurance. None of these policies are comprehensive care. If you had to go to the hospital, you would reach your max payout in the first hour. There are thousands of these ‘junk’ policies because they are cheap and don’t cover any major problem. Call-in app: 1-800-318-2596.
GOP tells Congressman he can't vote
Former U.S. House speaker Jim Wright reportedly was denied a voter ID card on Saturday. "Nobody was ugly to us, but they insisted that they wouldn't give me an ID," Wright, a Democrat who resigned from Congress in 1989, told the
Fort Worth Star-Telegram in a
story about his experience at a Texas Department of Public Safety office.
Wright, who in the early part of his political career pushed to abolish the poll tax, said "I think they will reduce the number [of voters] to some extent." Women are also being denied voting rights because court-approved name changes don’t make it to voter rolls. Most new rules come in GOP-controlled states. Most voters without ID are Dems. Voter fraud is the excuse but few real incidents were found.
FL homeowners see rate DECREASE
Some insurance companies have filed requests for rate decreases, four of which have already been approved, according to the Florida Office of Insurance Regulation. There were more than 20 requests to raise rates, however. "We're also seeing more players interested in the
Florida market." In September, for example, Security First Insurance Co. filed a rate decrease affecting more than 100,000 of about 180,000
Florida policyholders, company spokeswoman Toni Harrison said. Use ALL your discounts:
http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870
Some ObamaCare policies free of premium—pay only when need it
7 million people, under provisions of the Affordable Care Act, could qualify for the no-premium plans, the majority in the bronze category, the least expensive available. Bronze policies require people to pay the most in out-of-pocket costs, for
doctor visits and benefits such as hospital stays. Free-premium plans and inexpensive policies that cover more indicate the law is achieving its goal of making health insurance more widely available. A number of those who qualify have incomes just above the threshold for Medicaid, an analysis by the consulting firm McKinsey indicated. "The whole point of the law was not only to cover the uninsured, but so people didn't have to make choices between food or drugs, or going to the doctor or dentist," said Karen Davis, a health policy expert at the Johns Hopkins Bloomberg School of Public Health. "It's what it is designed to do."
http://www.nytimes.com/2013/11/04/business/under-health-care-act-millions-eligible-for-free-policies.html?_r=0
Tom, a reader, asks about life insurance’s unique tax-free benefit
You are correct. Life insurance has a tax-free benefit but only for your beneficiary. Agents offer loans which are tax free but you must pay the insurer interest. You must die to collect.
The real tax-free benefit account for you as an investor is a Roth IRA and Roth 401k. You pay NO tax on the earnings in this account when you are over age 65, or meet some special conditions. For those with years of work ahead, this account is perfect for creating a nice nest egg with a tax-free bonus. For those near retirement with an IRA or 401k balance, a small amount can be converted each year. Even after paying tax on the amount of gains converted, you have years of accumulation which are then tax-FREE. Since taxes will go up and many will be taxed on their SS benefits, it makes sense to use this account. Retirees must take their IRA distributions anyway beginning at age 70, so converting what they don't need now will add extra money later.
Is your health insurance cancelled by ObamaCare?
Many
U.S. adults who bought individual health insurance “policies” and now received cancellation letters are discovering their plans weren't worth much. They often do not cover higher cost items such as hospitalization, expensive diagnostic tests or maternity care. See example:
https://consumerdirect.bcbsfl.com/sites/default/files/plan-brochures/GoBlue91.pdf ObamaCare requires paid doctor visits, hospitalization and outpatient treatment, diagnostic and screening tests, maternity care, mental healthcare, prescription drugs, home healthcare and rehabilitation services. The “junk” insurance plans were really expensive savings accounts. See
The Rainmakerfor example:
http://en.wikipedia.org/wiki/The_Rainmaker_(1997_film)
Minimum wage buys less than it did in 1956
Inflation changes everything and nothing: 1956 wages were $1.00 but were worth $5.77. Today you get $7.25 but they are worth $4.87. NJ just raised it to $8.25 which means it will be worth $5.77 again in 2014. Most states remain at $7.25 and are worth $4.87.
http://www.infoplease.com/ipa/A0774473.html
Bush wars increased the debt by
$4-6 trillion to $16 trillion. 1985 debt $3 T, same as 1945.
Sandy victims still waiting after 1 year—held up by same firm doing website
Only $700 million of the $60 billion federal aid package, only 1.2% of the total funds, has been given to victims of super storm Sandy. Nearly a year after the devastating storm, a majority of the 24,000 families that requested monetary assistance have yet to receive a penny from the federal aid package. CGI Federal is in charge of nearly $2 billion in Sandy relief. Yes, that would be the same Canadian company in charge of the Obamacare website fiasco described above.
Why are we paying Canadian firm to do mistakes? Can’t US firm make mistakes too?
Corporations pay only 12.6% tax not 35% in law—Rich DO NOT pay fair share!
Many foreign corporations like TD Bank, USB, etc pay nothing. Almost one quarter of corporations pay nothing. Many wealthy people pay HALF of what we pay: Warren Buffett pays only 17% total tax, Mitt Romney only 14%, and John Kerry only 13%.
Treasury “estimated 80 tax expenditures (loopholes, offshore deals) resulted in the government forgoing corporate tax revenue totaling more than $181 billion.”
IAN
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