401k fees take 63% of your nest egg!
Avoid hidden 401k fees taking 63% of your money.
- Accumulate $1,000,000 in 35 years.
- Use a tax-FREE account—NEVER pay income tax.
- Buy low-cost mutual funds averaging 10-12%.
Over time, “that little 2 percent fee will erode 63 percent of what you would have had,” according to John Bogle. Accumulating wealth requires that you avoid high plan and advisor fees, commissions, loads and taxes—the Wealth Killers. $9.95 Ebook version: http://www.amazon.com/Robbing-You-Blind-401k-ebook/dp/B00G8EV7GI/
ObamaCare works Call-in app: 1-800-318-2596
The U.S. Internal Revenue Service said it has processed more than 330,000 eligibility inquiries for premium tax credits under the Affordable Care Act. Officials announced Thursday that 700,000 people have applied for insurance plans in both the 36 states that are using a federally run health care exchange and the 14 states running their own exchanges. It takes months to work out the bugs in any software.
CReports reliability—Lexus, Toyota , Acura
Japanese car brands continue to dominate in car reliability, but brands from all corners of the globe showed movement in the latest analysis. Lexus, Toyota , and Acura claim the top three spots in predicted reliability rankings by brands. The most-reliable new car in our latest survey is the 2014 Subaru Forester. The worst score goes to the Ford C-Max Energi plug-in hybrid, with the regular C-Max Hybrid not faring much better. See others: Least reliable vehicles, listed in order of Ratings score starting with the worst score.
1. Ford C-MAX Energi (Plug-in Hybrid)*2. Ford Escape (1.6L Ecoboost)*
3. Mini Cooper Countryman4. Ford C-Max Hybrid5. Nissan Pathfinder*
6. Volkswagen Beetle7. Cadillac XTS*8. Ford Explorer (V6, 4WD)9. Hyundai Genesis Coupe*10. Ford Taurus (turbo)*
3. Mini Cooper Countryman4. Ford C-Max Hybrid5. Nissan Pathfinder*
6. Volkswagen Beetle7. Cadillac XTS*8. Ford Explorer (V6, 4WD)9. Hyundai Genesis Coupe*10. Ford Taurus (turbo)*
Saudi women fight for car insurance?
There's no law against women driving, but Saudi authorities have warned they'll arrest any woman they catch and use force if necessary. Manal al-Sharif was arrested by Saudi Arabia 's religious police for driving in 2011. She told CBS News she also lost her job as a result and has received abuse and threats.
House votes to let brokers to still sell us high-cost products
The House is scheduled to vote this week on legislation that would slow or even kill a Labor Department regulation to strengthen investment advice rules governing retirement plans. The measure, written by Rep. Ann Wagner, R-Mo., would prohibit the Labor Department from proposing the rule, which would expand the definition of “fiduciary” as it applies under federal retirement law. Advisors can sell us any product instead of the BEST product for us.
How much does your advisory firm make from your account?
See how much the officers of your advisor’s firm take from your account every year no matter how you do:http://data.investmentnews.com/comp-staff/individual/position/1/assets/3/designations/0-0-0-0
See how much the officers of your advisor’s firm take from your account every year no matter how you do:http://data.investmentnews.com/comp-staff/individual/position/1/assets/3/designations/0-0-0-0
What are the alternatives to LTCi premium hikes?
Forbes reported that the increases in LTCI premiums may be between 45 percent and 85 percent in 2013 alone! Think of it—85%: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X/
Can you really transfer IRA money into tax-free LTCI?
Some agents are making a killing with this trick. Agents want you to fund an IRA-based annuity with your IRA. On this they make a commission of 6-9%. Then they want you to take the payments from the annuity and buy a 20-pay life insurance plan with long-term care features. On this they make another commission of up to 100% of the first years’ premium. You pay tax as the money comes out of your annuity to pay for life insurance. Depending on the kind of policy, you may use part of the death benefit for some long-term care expenses. Wow—there must be better alternatives! http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X/
College savings plans—Best and worst
Unless your state lets you deduct contributions, you can use the best state plans.
Survey says 30-year-olds most likely to have a written retirement plan
Middle-class Americans in their 30s are the most likely among all age groups to have a written retirement plan, a Wells Fargo survey finds. Wells Fargo Middle Class Retirement study asked 1,000 middle class Americans between the ages of 25 and 75.
“On a comparative basis, people in their 30s appear to be more aware of what the variables are for a successful retirement,” Laurie Nordquist, head of Wells Fargo Institutional Retirement and Trust, said in a news release. “They seem to know that having a plan, saving more and trying to overcome fear of the market are the keys to success.” Use Tax-FREE account:http://www.amazon.com/New-American-Retirement-System-Tax-FREE/dp/1461030072/
IRS tax tables for 2014
In case you do your own tax planning, all you need to know: The standard deduction rises to $6,200 for singles and married persons filing separate returns and $12,400 for married couples filing jointly, personal exemption rises to $3,950, maximum Earned Income Credit amount is $6,143, annual exclusion for gifts remains at $14,000, foreign earned income exclusion rises to $99,200, changed the use-it-or-lose-it rule for flexible spending arrangements, or FSAs, to allow account holders to carry over as much as $500 from one year to the next without penalty. Many workers have been reluctant to put money into the plans for fear of losing whatever they don't use, resulting in long-standing complaints about how the pretax FSAs work. IRA, 401k contribution limits stay the same.
Cutting food for the poor—while Congress gets paid $632 per hour of “work”
48 million needy people will have their food stamps cuts. The cuts mean a family of four will receive $632, or $36 less per month in federal food assistance, even as food costs rise. That is the equivalent of losing roughly 21 individual meals per month based on calculations used by the Department of Agriculture. Working poor make $10 an hour and need food.
Is this the America we want?
SCAMS “Deficits don’t matter” Republican Godfather, Dick Cheney, 2002
Bush wars increased the debt by $4-6 trillion to $16 trillion. 1985 debt $3 T, same as 1945.
Why did no white-collar criminals go to jail for the mortgage mess they created
The financial sector has the power to use our Congress’s power to tax its citizens to backstop its greed. We bailed out the bad guys but NO titan of industry is going to jail. Instead they got their bonuses and had their institutions pay their legal fees and fines instead of paying themselves. Big winners: Angelo Mozilo and Kerry Killinger. http://www.nytimes.com/2013/10/27/business/a-13-billion-reminder-of-whats-wrong.html
New scam for back taxes
The Internal Revenue Service today warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country. Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest, deportation or suspension of a business or driver’s license. In many cases, the caller becomes hostile and insulting. Just say no.
IAN
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