Are you overpaying taxes?
Federal employees including our Congresspeople owe over $3 BILLION. They have NOT had their wages garnished. They receive bonuses even when they owe taxes. Our corporations are buying foreign firms to avoid taxes. Most millionaires have reduced their rates too. Buffett, Romney, Kerry pay under 17% total tax. Most of us pay 32%. What do you pay?
Avoid taxes and fees. Maximize your savings: http://www.amazon.com/Time-Money-ways-maximize-savings/dp/1499692358
Are you getting what you pay for? Really?
This common philosophy is wrong more times than not. Especially in cars and financial products which are famous for overpriced commissioned salespeople. Tata’s Land Rover, one of the most expensive SUVs is near the bottom in dependable lists, just under VW, and Fiat’s Jeep.
Financial products have the same trouble: Annuities, perm insurance and brokers are not good for people. They are made for fees. http://www.sec.gov/investor/pubs/varannty.htm
'Scoundrels' Plague Advisory, Broker Industries, SEC Commissioner Says.
Buy Direct and save enough to pay for retirement: http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X/
Wall Street takes 63% of our retirement nest egg
Wall Street earned only 3.69% for retail investors in the last 30 years while smart investors averaged 11.11% by buying the market directly.
Skip the middle person markup and keep 63% more.
Did you lose 40% in recession of 2007-8?
Warren Buffett never got out of the market even though the market fell by 40%. Wall Street ‘professionals’ advised you to sell and many retail investors have not returned. If you followed their advice your $100,000 would be worth $106,000 now. If you had kept your stocks, you would have $150,000. The market has grown8.66% a year from 2007-2013. Your safe cash account grew by 0.9%. The market grew 13.29% since 1980.
Try the Buffett way: http://www.amazon.com/Wealth-Tao-Wu-Wei/dp/1499351348/
Tax-FREE accounts outpace regular IRAs
Growth rates of Roth IRA balances grew at more than double the rate of traditional IRAs from 2010 to 2012. The median increase in the account balance for the group of Roth IRA owners in the study was 16.5 percent from 2010 to 2012, compared with 7.9 percent for owners of traditional IRAs, according to EBRI. Roth IRA balances also grew faster than traditional IRA balances for each age group studied and for each gender, EBRI said. The average individual IRA balance increased from $11,009 for owners ages 25 to 29, to $192,961 for owners ages 70 or older, according to the study.
Tax-FREE means 25% more to spend: http://www.amazon.com/Cut-Taxes-Retirement-ways-less/dp/1499590954/
GOP crazies
House Financial Services Committee met this week for a hearing on “the dangers” of financial regulation. Some members fear we have “ceded U.S. sovereignty over financial regulatory matters to a secretive, unaccountable coalition of European bureaucrats.” ?? Dodd-Frank has still not been implemented so another meltdown could happen. Had a regulator been paying attention to the derivatives markets, would we have gotten such amazing financial instruments as synthetic collateralized debt obligations, which put together the worst parts of bad mortgage derivatives? Would someone have noticed the gambling in credit-default swaps that almost destroyed A.I.G.? The regulators were not paying attention or didn’t understand how big the banks’ bets were. GOP wants to limit regulation again. Current “revisionist history” has persuaded some people that there is no threat of anything similar happening.
GOP crazies
MS law now makes it OK to discriminate against anyone you don’t like if you feel that they would “substantially burden religious exercise.” Baptist preacher and GOP sponsor said he thinks there is bias against Christians and “We’re just trying to take some preliminary steps to ensure that this government protects that [religious exercise].” The bill assures “business owners can refuse to serve anyone they FEEL would violate their religious beliefs and moral convictions.” GOP wants government to regulate business???
This is like the ‘stand your ground’ law that lets you shoot anyone if you FEEL threatened—by their music or race or color or popcorn or creed.
IN Gov tells GOP crazies to go ‘jump in lake’
"My focus is Indiana and on doing what I believe is right for the people of Indiana , and I've been very encouraged at the very broad and bipartisan support that our Healthy Indiana Plan 2.0 has received across the state," Pence said. "I'm proud of the work we've done." Under HIP 2.0, the state would use federal funds generated by the Affordable Care Act, also known as Obamacare, to pay for a high-deducible health program for some 450,000 able-bodied, low-income Hoosiers -- as an alternative to expanding Medicaid eligibility. Conservatives from the Heritage Foundation, Chicago 's Heartland Institute and other think tanks condemned Pence this month for going after Obamacare money and seeking to use it to create a new entitlement program.
GOP crazies already have their insurance plans paid by employers
Why do we pay for these programs? GOP socialism?
We pay for government-backed terrorism insurance and loans for buyers of U.S. exports. GOP party’s leaders, backed by industry groups that disagree with Rep Hensarling’s free-market philosophy, have stymied his plans to abolish Fannie Mae and limit federal flood insurance. Hensarling led House opposition to the $700 billion bank bailout in 2008, calling it a “slippery slope to socialism,” and voted against Dodd-Frank two years later.
We taxpayers must subsidies these programs that GUARANTEE businesses a profit.
This is not FREE ENTERPRISE but socialism for the rich. We pay in taxes.
Long-term care insurance premium rises 25% in CT
Allianz Life Insurance Company of North America is seeking permission to increase premiums an average of 25 percent on some long-term care insurance (LTCI) policies sold in Connecticut . The rate increase requests would affect about 600 policies sold from 1993 through 2009. Allianz Life stopped selling LTCI policies in 2010.
Consider alternatives before buy: http://www.amazon.com/Long-term-Care-Insurance-Updated-Edition/dp/148274001X
Companies have weather derivatives that pay for global warming—How about you?
Insurance companies, despite GOP denials, are preparing for the varied effects of climate change, and providing more coverage against natural disasters. The price is bound to go up as more damage strikes every homeowner.Lock in coverage for wind, flood, and power losses NOW. http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870
Self-employed benefit from ObamaCare too
Study found that more than 30% of artists are self-employed compared with 10% in the general population, and rates of uninsured are typically higher among the self-employed than others. In the entertainment industry, actors and other movie workers typically get insurance through their unions. But many say they don't get enough hours or steady work as actors to meet the income requirements to apply. Use all your discounts:http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
Health insurance enrollment exceptions—in case you missed deadline
Previous HHS guidance has already stipulated that a special enrollment period of 60 days is triggered following life events including: a change in family status (i.e., marriage, birth of a child); loss of other health coverage; errors, misrepresentations, or inaction by an officer, employee, or agent of the exchange or HHS; obtaining the status of U.S. citizen; or exceptional circumstances, such as natural disasters like earthquakes or floods.https://www.healthcare.gov/how-can-i-get-coverage-outside-of-open-enrollment/
Broker fiduciary rule delayed again
Financial industry lobbyists have won again. Labor Dept has given up on the rule to make brokers give us the best product “for our benefit, not their" this year. Putting off the requirement until next year, we are on our own and buyer beware is the attitude with every broker/advisor contact. Better to do it yourself and keep 63% more.
SCAMS Why are we still paying $700 Billion a year for WWII deployments?
We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany .
Are we preparing for WWII again? There are 1,208,083[1] armed personnel in the United States . Our taxes pay for about HALF of the WORLD’s military expenditures every year.
We just can’t afford to pay for everyone else’s defenses anymore.
Bad mortgage salespeople found new scam
Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit. People trained by a veteran of Jordan Belfort’s boiler room call truckers, contractors and florists across the country pitching loans with annual interest rates as high as 125 percent, according to more than two dozen former employees and clients. When borrowers can’t pay, Naidus’s World Business Lenders LLC seizes their vehicles and assets, sometimes sending them into bankruptcy.
CEO's pay 257 times higher than workers’—new record
CEO pay in the US surpassed eight figures for the first time, according to a new study. The typical CEO now makes 257 times more than the average worker, whose wages have barely budged in recent years. CEOs got8.8% pay raise over 2012. Between 1960 and 1990, CEO compensation hovered well under 100 times worker pay.
Inequality has no limit.
Hedge fund busted
Three former executives of a failed Connecticut hedge fund pleaded guilty to conspiring to mislead their clients to keep their largest investor. David Bryson, Bart Gutekunst and Richard Pereira each pleaded guilty to one count of conspiracy to commit wire fraud. All are free on bail, and face up to five years in prison when they are sentenced in August.
Broker allowed to continue to mislead us again
Max E. Zavanelli found guilty of “misleading” the public in advertisements. He compared his success at investing to the legendary Fidelity Investments manager Peter Lynch. Mr. Zavanelli was previously found, in 1987, to have violated the law for misleading claims about investment performance and his educational background, according to the SEC. He settled the charges without admitting guilt.
Driverless car runs on computer—what happens if hacked?
“In other words, can some 14-year old in Indonesia figure out how to do this and just shut your car down … because everything is now wired up?" Rockefeller said Wednesday during a Senate Commerce Committee hearing. Like GM cars, they shut down while driving--no airbag either.
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