“Advisors” stealing $ millions from retirees
Christopher Birli and Patrick Chapin, were MetLife “advisors” in Williamsville ,
NY
Use a better retirement income strategy: http://www.amazon.com/The-Best-Annuity-Strategy-Income/dp/1497532019
Your Vanguard Top Ten returns
11.8% long term
Some of our members are
“rebalancing” by adding money to the funds that are down—Energy and
International Growth. Buying energy stocks when they are “on Sale
Total Return Fund Long-term Return* Longevity
13.5% 500
Index 11.1%* since 1976
-14.3% Energy
11.5% since 1984
7.4% Extended Market Idx 11.1% since
1987
28.5% Health
17.4% since 1984
-5.6% International
Growth 10.6% since 1981
18.7% PRIMECAP
13.9% since 1984
7.5% Small Cap Index 9.3% since
1960
8.1% Wellesley
Income 10.1% since 1970
11.8% Windsor
11.6% since 1958
11.2% Windsor
8.7% Average 11.8%
*Average Annual Returns as of 12/31/14 .
Bond king Bill Gross took $290 MILLION before he left PIMCO
while leaving some of our members with only 4.7% in “Total Return”. They are
not following him to Janus.
Tax evasion will cost more!
The IRS has updated its list of so-called bad foreign banks
where offshore accounts trigger a 50% (rather than 27.5%) penalty in the
Offshore Voluntary Disclosure Program (OVDP). The IRS added Sovereign
Management and Legal, Ltd., plus certain branches of Bank Leumi. Neither
addition should come as a surprise. Both banks have been targets of the
Department of Justice. Presently, taxpayers in the 2014 OVDP face a 50% penalty
if they had accounts at 10 banks, including UBS.
You don’t need a foreign bank to avoid tax on your savings/investments:
http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466
Save $300 on tax prep
The average cost of having your taxes done is $300.
Preparers will charge more for the new
health care forms. If you earn less than $60,000, use the IRS-approved
software providers FREE. It is easy. Just fill in your data from your forms and
see what your refund could be: http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free
AARP volunteers will do your taxes for FREE: The IRS
Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly
(TCE) programs offer free tax help for taxpayers who qualify.
Find a provider for Jan 20 IRS opening: http://irs.treasury.gov/freetaxprep/jsp/vita.jsp
List of items for your tax return prep for 2014
Wait for all your tax forms so IRS won’t reject your
return—delay your refund.
Pension and broker forms will be delayed. ObamaCare
exchanges send forms late too. Congress waited to the last minute so many forms
are in process, including the new 1040. Take these documents with you to your
tax preparer:
GOP crazies:
Michael G. Grimm, the Republican Party’s lone congressional
representative in New York City ,
announced late on Monday that he would resign after he pleaded guilty to felony
tax evasion. Only last month he said he would not give up his seat he just
won in ultra-right Staten Island (OK when police kill
black man by illegal choke-hold).
GOP leader, Steve
“the sleeze” Scalise, says he had no idea he was boosting the KKK
white supremacists in 2002 meeting. Either he is the stupidest Rep we have or he needs a new handler. Either way, this
“Rep of the people” gives the GOP a new low. He replaces Ms. Bachmann as an
example of what Washington has
become—great entertainment for Fox and MSNBC to sell. Lesson 101 for our
Washington Reps: http://news.yahoo.com/five-ways-to-know-you-re-speaking-to-white-supremacists-004845526.html
DEM crazies
2015 brings a raise for over 3 million workers. Employers in
21 states and Washington D.C. Seattle and San Francisco passed
$15 wage laws, while Los Angeles announced a significant
wage hike too.
FL TX turns back on GOP and takes ObamaCare
More than 670,000 Floridians have signed up for health
coverage under the Affordable Care Act for 2015, the most of any
state using the federal marketplace, according to federal data. Florida Texas was
No. 2, with more than 379,000 Americans signing up. "I could afford to buy
food or go to the doctor," said Mrs. Alfred, a mother of three. "But
not both."
You can now add $53,000 to your “after-tax” 401k account
On a pretax basis, employees can't contribute above certain
limits. In 2015, for instance, the limit is $18,000; those 50 and older can
deposit $24,000. However, on an AFTER-TAX basis, the IRS raised the limit to $53,000
in 2015. Now you can roll over after-tax contributions into a Roth IRA when you
retire or leave the company without paying tax or being required to take RMD
distributions at 70 ½ years. You can create a TAX-FREE legacy for heirs at no
cost—no trust or life insurance costs!
Create your own tax-FREE retirement: http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
SCAM ALERT: RoboCalls steal your time and money
Delete roboCalls automatically so you can’t be scammed by
telephone calling factories. I have tried this FREE service because they won
the FTC call blocking contest. It answers your land line and hangs up on the 1st
ring on your phone. You don’t have to give up your time and attention every
time the phone rings from those NO Name 800 numbers. Try it FREE. We love it! Thanks
http://www.nomorobo.com/
What has Congress done for us lately?
They passed 40 bills (15% of all new laws) just renaming
post offices! They get $174,000 plus free perks for little work. They
passed 4 laws naming the boardmembers of the Smithsonian, 2 laws on duck
hunting, 1 law canceling pensions for Nazis (????), 11 laws changing
the title to our lands, 8 laws giving medals to celebs, and 1 law setting
the premier of their new do-nothing session.
We need a refund. We have been tricked. HALF of Congress are
millionaires. They don’t need money. Back in 1965 they made $30,000 and did not
get a raise every year but passed 800 laws. They passed the Voting Rights
Act of 1965 which outlawed states from making it hard for minorities to
vote. That provision was reversed
by the Supremes in 2014. Congress did nothing to stop the voter suppression
in GOP states.
Which insurer should you use for your life insurance?
A recent report about insurers’ strength during crisis shows
that “brand” names don’t guarantee financial soundness. Like AIG, MetLife has now
been designated as a systemically important financial institution (SIFI)
because of how much trouble the company got into in the 2008 crash and also
because of how woven the company is in the global economy, according to a
justification the council released the day after the designation. Financial
distress at MetLife “could have significant adverse effects on a broad range of
financial firms and financial markets, and could lead to an impairment of
financial intermediation or financial market functioning that could be
sufficiently severe to inflict significant damage on the economy,” the 340-page
report said.
Pick the insurer that is aligned with your lifestyle, not Wall
Street’s: http://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178
How can we let this go on?
Two-year old kills own mother with her mom’s gun. There is
no “safety” lever.
What about the rights of children who die every year from
out “mistakes” and accidents? Is the NRA that powerful that we give up all our
right to life?
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 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 have wasted $398.6 billion
so far on the F-35 program—they can’t
fly safely.
We just can’t afford to pay for everyone else’s defenses
anymore.
Japan, Germany and S.
Korea can pay for their own defenses.
The War on Terror requires SEALS’ attacks on top terrorists
at their homes. Iraq
proved converting a nation to Western-style republic doesn’t work.
Auditors Say Feds Needlessly Wasted $43 Billion
Their recommendations included actions such as implementing tighter controls and oversight to
decreasing improper payments. Those alone represent almost $20
returned for every taxpayer dollar invested. The watchdogs are limited in
their actions. Despite the potential savings, departments are not obligated to
follow their auditors’ recommendations.
Jo Ellen Fisher of Gallipolis ,
Ohio
Raymond James Financial Services is pursuing more than
$800,000 from a former financial advisor
the firm claims swindled a 96-year-old client suffering from dementia.
Patricia S. Miller, of McMurray PA, advisor affiliated with
Investors Capital was charged with wire fraud and arrested in Pennsylvania
on June 6. Victim's lawyers—and a number of lawyers seeking to represent
victims in the case—say the Ponzi scheme was far reaching and involved numerous
victims. Miller promised high returns
if clients put their money into investment
clubs called, among other things, KS Investments and Buckharbor. Miller
told clients the funds would be placed in fixed-income
notes and other investments. Instead of investing the money as promised,
Miller misappropriated client funds for her own personal use.
Matthew Celenza and Lawrence DiGioia, Celenza's partner,
Bank America ,
LA, were ordered to pay $6.6 million signing bonus when joining Barclays in
March 2012, plus almost $140,000 in interest. They left after working only 3
months.
IAN
41 Watchung Plaza, B242
973.746.2014
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