Avoid higher fees and taxes—boost earnings 25%
Average mutual fund managers are getting more money and it is coming from you. Fees average 1.44% each year no matter how well or poorly they do. Over time this fee can cost you over 50% of your possible account. Pension funds pay only 0.05% for the same performance. They don’t pay taxes either so why should you, especially in retirement?
Why pay more for less? Reduce Fees and Taxes: http://www.amazon.com/Cut-Taxes-Retirement-ways-less/dp/1499590954
Our “representatives” in Congress and staff owe IRS over $8 million in back taxes
“About 4.9 percent of all House employees, including lawmakers, have an unpaid tax liability. Those 486 employees owe Uncle Sam about $5.8 million. Across the Rotunda, Senate staff and legislators have a 3.2 percent delinquency rate, with 228 employees owning $2.7 million in taxes. The IRS had paid $1 million worth of performance awards to about 1,100 IRS employees with tax-compliance problems.”
Congress writes the laws but can’t seem to abide even for “do-nothing” jobs.
Complete federal agency list: http://www.washingtonpost.com/wp-srv/politics/irs-federal-workers/index.html
Stock analysts are wrong 60% of the time
“… professional investors are seriously overconfident… They exhibit ‘herding’ behavior. … they are right about 40% of the time—which is worse than pure chance! You are better off NOT paying an advisor and flipping a coin. In fact, the 2014 QAIB study shows that you earned just 3.69% vs the market’s 11.11% over 30 years. The stock market’s 11.11% compounded would have made you a millionaire by now. Try the Buffett way:http://www.amazon.com/Wealth-Tao-Wu-Wei/dp/1499351348/
Survey says workers are investing the Buffett way--not using salespeople
About two-thirds (63%) of workers with 401(k)s are going it alone, managing their own investments. About half of those folks (54%) are unengaged, that is not taking an active role in managing their account, says a data analysis of 13 million participants in Fidelity Investments 401(k) plans across the country.
Buffett advice: Set it and Forget it
Collect on your ex-spouse’s Social Security benefits??
If you are at least 62 years old and you are not currently married, you may collect retirement benefits based on an ex’s earnings record. If you have been divorced for at least two years, you can collect benefits on your ex even if they have not yet claimed their retirement benefits. Strange but true.
Maximize your benefits: http://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224
Why homeowners are switching to cats for protection
Dog bites account for more than a third of the money insurers pay in homeowners' liability claims. Last year, dog bite liabilities in the U.S. cost insurers $483 million, according to the insurance institute and State Farm, the largest insurers of homes. http://www.propertycasualty360.com/2011/07/27/top-7-dangerous-dog-breeds
Make sure your dog is covered by your insurer before the $1 million suit.
1 in 4 of us has $0 nest egg
A recent COUNTRY Financial Security Index® survey sheds light on a more concerning factor. One in four (25 percent) Americans, across all age groups, admit they are not saving at all for retirement, or they are unsure.
Even more alarming are the four in ten (38 percent) of those 40 and older who say they regret decisions they've made with their retirement savings, namely not starting to save early enough (47 percent). Perhaps this is why Americans are not confident that a secure retirement is a viable option. Nearly half (46 percent) say it's not possible for a typical middle-income family to save for a secure retirement. This is two points higher than this time last year and the most to say this since March 2011.
Use savings from insurance to buy a Tax-FREE nest egg: http://www.amazon.com/Build-Wealth-Without-Extra-Money/dp/1448677505
University presidents getting rich on student debt
Student debt is highest at public universities that offer larger-than-average executive compensation, according to a new report from the Institute for Policy Studies.
The report — titled "The One Percent at State U" — found that executive compensation was "closely related" to a number of financial issues in higher education, including student debt and low-wage faculty labor. "Though it has been rising everywhere, average student debt of graduates in the top 25 public universities with the highest executive pay increased 5 percentage points more or 13% faster than the national average from summer 2006 to summer 2012," according to the IPS report./Additionally, IPS reports that they "found that adjunct (part-time) and contingent (temporary) faculty grew much faster than the national average when executive compensation soared at the top 25."
Use tax-FREE money for college: http://www.amazon.com/Education-Funding-Save-right-plan/dp/1482549956/
Storm coverage is cheaper now
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
Long-term care insurance sales off 33%
Some LTCI carriers have said they are making intentional decisions to reduce LTCI sales, or to insist that any buyers pay relatively high premiums, because of concerns about low interest rates, uncertainty about underwriting, and restrictions on coverage price changes. Check alternatives before purchase:http://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X
Social Security and state pensions cut 25%?
Social Security benefits could be cut by 25 percent if Congress does not act soon, Social Security Administration Chief Actuary Stephen Goss warned a Senate panel today. He noted trust fund reserves for disabilityInsurance are expected to be at zero by late 2016. Goss said one-third older Americans have little retirement income outside of SS benefits. The Heritage Foundation said the spousal benefit for Social Security has become outdated because many women have worked long enough to get their own payments. AARP said one proposal -- to improve the health of the Social Security trust fund by reducing the cost-of-living adjustment -- would force many women into poverty. State government employees face possible pension cuts of 20% due to changes in pension funding. Since the financial crash of 2008-2009, 45 states have changed their pensionplans, a new study by the National Association of State Retirement Administrators (NASRA) and the Center for State & Local Government Excellence (SLGE) reports.
Maximize your benefits before reductions: http://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224
JPMorgan chief Jamie Dimon supports pensions for Detroit workers
JPMorgan Chase CEO Jamie Dimon said Detroit 's bankruptcy likely won't have a lasting effect on Michigan 's borrowing costs or the municipal bond industry, even as bondholders cry foul about the city's proposed debt cuts. Dimon also said today that he's very sympathetic to Detroit retirees with $20,000 pensions. The average Detroit civilian retiree pension is about $19,000. Detroit emergency manager Kevyn Orr has proposed paying only 60 cents on the dollar for unfunded pension claims.
Other city and state employees may lose pensions. NJ gov Christie promised to fix former Democratic pension under-funding but last week reneged on his promise. He is keeping his tax cut for the rich however. He got a helicopter to go to son’s games which he is not returning.
We are on our own: http://www.amazon.com/Build-Wealth-Without-Extra-Money/dp/1448677505
Researchers say the survey findings indicate that more and better outreach is needed to educate uninsured people about free or low-cost health insurance through expanded Medicaid programs or subsidies to help them purchase health insurance in the new marketplaces. "They found in Massachusetts , with "RomneyCare," that the individual mandate penalty absolutely motivated a lot of people to purchase insurance," she says. "The Obama administration understandably tried to emphasize the positive, but people need to understand that the mandate is not insignificant -- they could be hit with a big tax bill if they don't buy coverage."
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.
GM recalling ‘all’ vehicles
General Motors is recalling a total 2.42 million vehicles to fix four separate safety flaws, nearly matching the 2.6 million cars GM recalled earlier this year for a deadly ignition switch flaw. Safety lap belt cables can fatigue, shift cable that could wear out, passenger side air bag, generator fuse block need fixes.
GM is aware of 18 crashes and one injury among the 4-speed Malibu and G6 population.
GM stopped sale of the 2015 Escalade and Escalade ESV.
Silverado HD and GMC Sierra generators make fire.
Wolf restores the sheep
Jordan Belfort, the real-life "The Wolf of Wall Street," expects to earn more this year than he made as a broker, allowing him to repay his fraud victims. Belfort spent 22 months in jail for money laundering and securities fraud in the 1990s after his Long Island-based Stratton Oakmont Inc. defrauded investors out of more than $200 million. He is a “motivational”??? speaker on tour to earn $50 million, his fine.
“I got greedy,” Belfort said today. “Greed is not good”. The f-word is used 569 times in the movie, more than any feature film ever made. His legacy?
CA seizes Alameda Alliance for Health
"The crisis is not simply a matter of bookkeeping woes," said a court memo by Carol Ventura, deputy director of the state Department of Managed Care, which regulates health plans. Ventura wrote that the Alameda-based insurer could also be committing "serious violations" of state law by not promptly paying back some 280,000 backlogged claims.
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