Your Unbiased Advisor: You and I will have to pay their taxes unless

You and I will be paying extra taxes to cover favorite companies’ evasion

New report says US firms are evading $100 billion in taxes and so we must pay. Using a simple computer entry, US multinationals are shifting profits to countries with taxes of 5%. Congress made this legal and lobbyists are unlikely to let them change it. US corporations have thousands of professionals creating tax evasion schemes every year. Even Don Trump does it: $0 taxes in 1978, 1979, etc It’s why he can’t disclose tax returns now.

You and I will end up paying their bills unless we use our tax-FREE account: http://www.amazon.com/Your-Tax-FREE-Low-Cost-Mutual-Funds/dp/1484080920

Millennials don’t trust brokers/advisors so where to invest?

Robo advisors are cheaper: save $590,000 in fees. They are more unbiased but not always better. Advisors don’t look at all your money either. Most investors don’t let advisors have all their money. Compounding your money is crucial but takes time says Buffett. It’s exponential not linear: Your account doubles in the last 8 years: $500,000 to $1 million if you start with just $2,000 for 8 years and allow money to work for you. http://www.saferchild.org/power/. Many millennials have not started saving for retirement yet—Too bad because every year you wait costs you $30,000 later: https://www.amazon.com/Millennials-Investment-Strategy-BEST-Journey-ebook/dp/B01F91BUWG

Your broker/advisor will need to justify BEST deal now

When your advisor makes a recommendation for your huge 401k transfer they need to make certain disclosures and assurances that you are offered an appropriate product at a fair price. New Fiduciary Rules require the salesperson to justify putting your money in their old products. Eventually, they will need to change their pay model to give you a better deal. They will use exceptions to avoid the Rule. However, the better deals are already in the market—they are called non-commission and low-fee alternatives from the not-for-profit firms like Vanguard, TIAA and USAA. There is no reason or proof that a salesperson can give superior outcomes for your long-term investment needs. All the outcomes that the salesperson promises can be had for less with a knowledgeable and licensed advisor on salary at a non-profit: http://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Power of compounding to quadruple our savings is missed by most

In average households, 56% have at least a little money set aside in a plan or IRA. About 60% of us have no savings in an IRA or 401k account, according to the GAO. In the top-earning family, retirement savings total $200,000. Among the lowest earners, only 25% have something for later. If every employer offered a 401k, GAO estimates most would be better off later and fewer would end up with only SS benefits which average $1,328 per month at current rates. The irony is that those who need help the most are the most unlikely to use a stock mutual fund at work. Compounding can create a $200,000 nest egg from only $50 a month for 35 years.

Start your IRA today: http://www.amazon.com/The-Miracle-Compounding-Turn-into/dp/1470176513

Where does a Conflict of Interest lie with your advisor?

A conflict of interest occurs when an advisor/broker/agent has a duty to more than one person or organization. For example, you are retiring from your job and need to know what you should do with your $250,000 401k account. Your advisor has a Conflict of Interest. As a licensed salesperson for a financial firm he or she is under contract to sell certain high-cost products. You meet with them because you don’t know what the financial alternatives are. Should you leave your money with your old company, take a check to the bank, sign up for the advisor’s offer, transfer your money to an independent low-cost mutual fund or broker? You don’t know that their advice is limited to what their firm has trained them to sell. You don’t know what each product will cost (commissions, fees, charges, etc) during the rest of your lifetime. You don’t know whether the plan they offer will actually do what they say it will. Usually you are not informed that there are less expensive products in the marketplace that offer the same or better outcomes. Your advisor is not obliged to tell you about them. They may not even know about the low-cost non-commission ones.

They have a Conflict of Interest. They want to help you (1^st party) but they can only offer products/solutions the firm (2^nd party) is licensed to sell. Even if you paid them like an attorney, you may not be given all the alternatives. You must do your homework to find out if the advisor’s product/solution is best for you. Get 3 or more estimates like home repairs. Your decision can mean the difference of over 63% of your final nest egg.

Find out: http://www.amazon.com/Will-You-Have-Enough-retirement/dp/1477594086

Is a Roth IRA conversion right for you?

If you have an IRA, you know you have to pay tax on the distributions—all of them if you took the deductions earlier in your life. You also must take distributions after age 70 even if you don’t need the money and want to leave it to your kids. They have to pay taxes on your money when they receive it also. If you wish to avoid this outcome, you can pay tax on part of the distribution now while you transfer the funds to a TAX-FREE account. After you pay the tax, your future gains—your retirement income or legacy—will be FREE of taxes. This may reduce your taxes on other income like pensions, IRAs and SS benefits. It all depends on your income in retirement.

Tax-FREE income: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236

Recent research indicates lower expense ratios often result in better performance

Expense ratios are the most effective predictor of investment performance, according to “Predictive Power of Fees: Why Mutual Fund Fees Are So Important,” a whitepaper from Russel Kinnel, Morningstar’s director of manager research. Across every asset category, including international equities and sector equities, the funds with the lowest expense ratios recorded the best performance over three, four and five-year time periods. It is not manager research, brochure, tenure, strategy, style, drift, or asset class. It is cost.

Pay less; get more, like groceries: http://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082

Does our President need to be smart and truthful? Do they even care about truth?

(a summary of the GOP Presidential debates) (history: GOP has the final candidate by Feb 17)

Don: Trump’s spokeswoman declaring Ryan unfit for his job. Palin attacks Ryan.

My plan was wealthy tax cut but now “taxes for the rich will go up somewhat."

Mr Evil, Dick Cheney, says he will help me bring back torture. VP maybe?

Christie will run transition team FREE--paid by NJ in no show job!

“In Trump We Trust: The New American Revolution,” due Aug 23. ‘God’ is gone!

Don will cut Medicare and SS benefits “if tax cuts don’t make big surpluses”

Paul Ryan: I really am NOT running but Trump has not yet kissed my ring.

Under my RyanCare, only sick people will pay more for care—way more!

Hill: I have a lot to work with here and I could use angry evangelicals on my side.