Is your employer
robbing you of your retirement money?
More large
employers (who don’t need the money) are taking your future nest egg assets.
Employees of New
York Life are suing
for all the extra fees they were charged by their employer’s mutual fund
options. Employers are supposed to do the right thing in picking your nest egg
options. New York Life’s own index fund charged 35 basis points. That is seven times what Vanguard
charges for the same securities. That is pure profit to NY Life since they own
this plan’s option. NY Life claims they paid a consultant for the plan options.
In other suits, employers were taking kickbacks from the plan administrators.
Employers should act as fiduciaries and use only the best options for
employees.
Stop being
robbed—use your own tax-FREE account: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938
How much does it
cost for a $1 million retirement?
Most of us have no
idea. Half of all Americans will not be able to live on Social Security and
their savings. Yet, if we knew that we could guarantee we would have enough,
would we do what is necessary with our current wages? What we don’t know that
wealthy people know is that TIME is the key to converting our current spending
into a million dollar nest egg. Most of us don’t shop to save on mutual funds
or insurance so we pay too much to middle people. Our fees reduce the amount we
could have by 63%. Instead of having $250,000, we end up with $100,000. We end
up with $500 a month instead of $1,000 a month in retirement. All we need are
the Tricks that savvy savers use for $1 mil.
Are you getting shortchanged
on your benefits?
Income inequality
grows from your benefits package too. If the rich get richer, one way is they
have better insurance, heftier 401(k) plans, and a sturdier all-around benefits
package. And the trend is making America 's already wide income gap even worse. Employers
spend a median of 38 cents of each compensation dollar on benefits, according
to a Pew study. And as
compensation goes up, so do benefits. For every additional dollar of
average hourly pay an employee gets, Pew finds, employers spend an additional
67 cents on benefits. Workers with smaller paychecks, who can't afford to pay
out of pocket for things like extra health care expenses and child care, get
less support from their employers to meet those very needs. Many
benefits come in the form of non taxable income. As benefits make up a
bigger chunk of compensation, this further advantages those in a higher tax
bracket. Tax payers subsidize the non taxable benefits.
Avoid subsidizing
the executives: https://www.amazon.com/Tax-FREE-Millionaire-refunds-built-tax-FREE/dp/1482593289
Why your car or
home insurance is NOT renewed
After you make a
legitimate claim, your policy is not renewed. It happens often and for good
reason. Insurers don’t like to pay claims even for legacy customers and for
legitimate claims. They price for once-in-a-lifetime catastrophic loss not
frequent dings. A property damage claim means that you are not maintaining
properly and will have another claim. Jewels can’t be stolen or lost if they
are in a bank vault. Two
events mean you are careless and will have another claim to them. This
pattern is a risk that cuts insurer’s profits. Insurers take on risk based on
numbers. Size and number of claims that do not fit their profile are
jettisoned. It is not personal for them. The fact that you paid for 25 years
has no bearing because the numbers are done each year. If all your policies are
with one company, all your claims count against you. All insurers share records
on CLUE
so it may be difficult to re-insure. Insurers underwrite for different risk and
marketing strategies over time so you must shop around just like you do for a
HDTV.
Find the right
coverage for you: https://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870
Estate planning
made simple
You have a sizable
IRA. You want to leave it to heirs tax-FREE. You can pay for a trust but the
trust pays taxes at over 39%
on income over $12,400. If you make the trust your beneficiary, that is a
big bite. The best
option is to convert parts of your IRA to a Roth. You may convert portions
of your IRA strategically over time by "filling up" lower marginal
tax brackets with Roth conversion dollars. Then each year in post-70.5-retirement,
take out more than your RMD, pay tax and reinvest it in a Roth IRA if you are
still working. Otherwise, reinvest in a taxable account with growth stocks NOT
BONDS. Growth stocks or growth
stock funds pay little current interest/gains so taxes will be minor. You
may have to pay tax on SS benefits and pensions so your tax bill must be
managed.
At death, your Roth
IRA is tax-FREE forever. The taxable account moves to your heirs on a stepped up basis. At
your death, the balance is tax-FREE. As their taxable account grows, only the
gains above that amount are taxable at capital gains rates. Leaving an IRA,
401K, or annuity are taxable at the heir’s income tax rate!
Keep your estate
Tax-FREE to heirs: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016
Trump tax plan: tax
cut for the very wealthy
Since we have a deficit
and Trump
has promised to cut taxes for the wealthy and corporations, where will the
revenue come from except from us. GOP leaders have hinted that a “consumption”
tax may be used. Everything we buy will have an extra tax. This is called a
“value added tax” VAT in Europe . It
is a national sales tax. Some call it a flat tax. Some
claim it will increase growth because wealthy people will invest and build more
business with their extra money. Others say that the wealthy already pay
less (17%) than the flat tax with the subsidies Congress gives. They have
already invested their excess cash overseas where labor costs are a tenth of
ours. Fiat Chrysler moves
car making to Mexico Canada but our tax subsidies of $2
billion continue for Fiat. Most
agree that the biggest
tax cuts are reserved for the wealthiest. Trump will eliminate
the estate tax (which currently applies to only about 5,300 of the
richest families) and scrap the alternative minimum tax, which is avoided
by most wealthy people.
Stop subsidizing America ’s
tax avoiders: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584
Can Don really
bring good-paying jobs back to US?
One of the GOP’s
major promises for 2016 is bring back factory employment from overseas. "I
will bring jobs back from China . I will bring jobs back from Japan . I will bring jobs back from Mexico ," he said. "I'm going to bring
jobs back and I'll start bringing them back very fast." “I
will be the greatest jobs president.” But during the last 3 years of
Wal-Mart’s effort to create
250,000 factory jobs, it has hit
two walls. Wages in China allow US makers to do more with less. Even
when employees here reengineer to cut costs, the automation raises productivity
with much few employees.
Employers would more likely take a one-time automation cost than hire more
people even at $7 or $9 an hour. Wal-Mart has created 7,000 jobs—a tiny fraction of the 5
million lost since 2000. Don must go against the trends of automation and lower
wages. His
record in his own industry (casino, golf, hotel) has
been dismal. He
is better at avoiding taxes.
Join Don in doing
what he does best: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520
GOP ‘religious
freedom’ (for certain people)
PayPal founder got
a cheer for being gay but the GOP
law in many states says NO NO!
Congress may legalize
discrimination against gays despite Convention cheers. GOP thinks
the "First
Amendment Defense Act" will protect the rights of religious
institutions/people since same-sex marriage was legalized. But hate gay law is
already in many states like Pence’s IN. “In most states, you can get
married on Saturday, post photos of your wedding to Facebook on
Sunday and then get fired or kicked out of your apartment on
Monday just because you’re gay.” Trump
said he will protect gays at his convention but he
does not control GOP Congress nor the state lawyers.
The law allows anyone to claim ‘religious belief’ as excuse
to bar people on the basis of any sex act OUTSIDE of traditional marriage.
Violates our civil rights.
GOP tax cut experiment failed – credit ratings fall twice
KS has given its wealthy
a big tax break and now the state credit rating has dropped twice.
Borrowing costs for state projects will rise. KS is now in the KY, IL and NJ
class—no cash reserves. Kansas can’t
balance its budget because GOP Sam Brownback
lead GOP-Legislature gave tax breaks to the wealthy in 2012-13. The GOP
myth is that the wealthy will create work and revenue. Instead they send their
money elsewhere. Largest employer Koch
expands in other states and countries. Koch
spends $ billions to cut taxes nationally. All schools, infrastructure, and
state pensions are degraded. "It's just the fundamental, ongoing budget
crisis that's been caused by Sam Brownback's failed tax experiment," said
state Senate Minority Leader. CA has raised taxes and funded all projects plus
emergencies. Trump
promises to work the KS ‘miracle’ for all states.
Avoid his $10.2 trillion deficit: https://www.amazon.com/How-Retire-Tax-FREE-Income-increases/dp/1484156951
Trump children in
charge of the nation?
Trump wants to fire
all Obama-era workers. Will the Trump kids run State, Medicare, ICE, FBI, and
Treasury? Who will run TrumpCare? Can Pence
really fix the economy like he did Indiana or did Obama’s policies? Can
Congress pass all those bills—closing environment, education, health, oil gas
water electric regulation, and taxation as we know it? They
only work 111 days per year. Who will tend the golf courses and T product
sales and rental buildings if Trump kids run the nation? Trump says only he
makes the decisions.
Petty dictators are
all alike. Opponents are criminals, public show trials, mobs shouting “lock her
up”, other reckless vows. Convention was not GOP: ‘Trump Family’ branding: “I
am the only one who can save you from violence” “I can fix everything” once you
give me the power. Alpha and Omega incarnate.
Which candidate is the better liar? Presidents
must lie to keep power.
It is good to know that both parties act as juvenile
petty-power cliques.
Don: Ambassador
J. Christopher Stevens’s mother asked me to stop using his name
Dad
and I were not racists: Justice didn’t have a case but we settle anyway.
Bachmann thinks I
“recognized the humbleness that he had.” Otherworldly! Especially when I said “I
alone can fix it.” Where
are these people?
My wife Melania didn’t
lie about having a college degree. Her site got it wrong.
Hill: I could have
won without
the DNC back-room dirty-tricks group
Mike: I may skip Koch
anarchist meeting—I know how
they plan to end gov. already.
Tim: I’m here to
seal the Hispanic,
white, male, religious, moderate, southern vote.
Regulators are the only protection we have since we
can’t sue anymore
“It is nearly
impossible for one individual to take on a corporation with vast resources.”
(GOP bill requires impossible: every person in class
action suffer “same type and scope of injury”)
Supremes
stop us from suing—State courts no longer available to sue corporations!
.Tesla factory
covered with photocells of the future—less oil, gas used
.TX now lets its students carry a hidden gun on campus, in
dorm, classroom, anywhere
.With email and voicemail
being hacked, maybe sealed first class mail is not so bad.
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
When everyone has guns; your
chance of being killed goes up. Police want gun control. They don’t
know who to shoot. Shot
a psych worker with his hands up while on ground.
SCAMS
Pretty face cars that just don’t measure up: 10
that give you heartburn
GOP voters are actually looking up ‘Trumpence’
in the Bible. It is ‘diabolos’ in NT.
Ignoramus Award: man pulled
gun on a little boy who was kicking seat at "Star Trek"
How our government wastes our money
Throw money at unknown unknowns https://www.youtube.com/watch?v=GiPe1OiKQuk
New Ford
carrier does not work after $13B and 3 yr delay. S. Koreans should buy own.
Reagan assassin released from mental hospital: 35 years of
therapy costing $ millions.
Who owns your account now?
MetLife insurance and annuities to Brighthouse Financial, Charlotte ,
NC
Gerstein Fisher to People's United Bank
“Do You YAHOO” to Verizon
Fiat Chrysler moves
car making to Mexico/Canada Subsidies of $2
billion continue
IAN
41 Watchung Plaza, B242
973.746.2014
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