Your Unbiased Advisor: Add $1,000 to your refund before April 17

Up your refund by $1,000 before April 17

3 weeks to tax due. If you find you owe tax instead of hitting the refund button this year, you may still be able to claim your refund. You can reduce your 2017 income and receive a tax credit. Credits reduce your taxes dollar for dollar. In effect, IRS code can help you reduce taxes like The Don AND save for retirement at the same time. On line 32, Form 1040 or line 17, Form 1040a, you can enter up to $5,500 ($6,500 over age 50) as IRA contribution to reduce your income. If you meet the qualification, a credit will show up on Line 51, Form 1040 or Line 34, 1040a. You subtract this credit from your tax. EG: Income $66,000: tax refund is $3,335, without IRA contribution. With the contribution, the refund is $4,392 or $5,553 if you both make the contribution. Credit against tax is $400. IRS checks your IRA. Use: irs.gov/app/freeFile/jsp/index.jsp

For help with complicated returns: https://irs.treasury.gov/rpo/rpo.jsf

Take the deal: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

Transfer other people's investment values to you

“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett

Your choice: You and your advisor can try to outsmart the market with millions of traders and likely earn 3.79% a year or let their money flow to you over time and earn 11%. The analysis of real investors showed that the average advisor- investor earned just 3.79% a year while the stock market earned 11.06% over the last 30 years. DALBAR’s

You can earn 11% by NOT letting advisors touch your money. 95% of active traders do NOT beat the market over time. The leading cause of bad returns is costs. Morningstar the rating firm found: “In every single time period and data point tested, low-cost funds beat high-cost funds.” Warren Buffett, one of the greatest investors of all time, has given us his formula. We must leave our assets alone. Riches come to those who do nothing but wait. All the things that our Wall Street advisor tells us to do are wrong. Buffett says growth comes from compound interest not trading, timing, or hedging.

Patience is profitable: https://www.amazon.com/Patience-profitable-passive-investments-beat-Street/dp/1986843777

The Trump Tax Shelter

Clearly the Trump tax plan helps businesses and the wealthy. Trump even cut the Pease limits. The Pease limitation capped the value of itemized deductions for wealthy taxpayers. There is no reason why you cannot benefit from the tax code too. Using § 408 of the IRS code, you can create an unlimited account and never pay taxes on earnings. It eliminates taxes when taken out for your needs and can pass to your heirs tax FREE. No matter what your income this helps you avoid future taxes to pay off the national debt. All of the 2018 individual tax breaks are repealed in 2026 to pay for the permanent business tax cuts. Avoid paying for their windfall—35-21% tax rate. Corporations provide only 1% of our revenue now. 20 TRILLION dollar deficits mean each taxpayer owes over $160,000. Avoid getting stuck making up their share.

Use Trump’s Tax Shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Wall Street is taking $500 BILLION+ from our accounts

All the things that our Wall Street advisor tells us to do is wrong

Set up your asset account and let it grow by itself. Don’t trade, time, hedge, etc.

Fidelity analyzed its most successful accounts. Results:

Either the client was dead or forgot about their account.

Warren Buffett has confirmed the same success factor. He says:

“The stock market is a device for transferring money from the impatient to the patient.”

“We continue to make more money when snoring than when active.”

The DALBAR study:

The average advisor investor earned just 3.79% a year while the stock market earned 11.06% over the last 30 years. DALBAR’s QAIB

Morningstar the rating firm found:

“In every single time period and data point tested,

low-cost funds beat high-cost funds.”

Invest in 'Assets that grow by themselves'? : https://www.amazon.com/Assets-that-grow-themselves-snoring/dp/1986381226

GOP defied The Don last month and gave more money to SS for backlog

Congress made a downpayment on a badly needed fix for the customer-service crisis plaguing Social Security. Lawmakers ignored the Trump administration’s request to hold the SSA budget flat, instead boosting the agency’s administrative budget by $480 million. Demand for SSA services is rising as the nation ages, with about 1 million new claimants coming on board each year. But budget cuts have forced sharp reductions in staffing and other resources that have damaged the agency’s ability to provide effective, timely public service. Long lines form daily outside many local field offices. Our local office was closed 5 years ago. And the backlog of people waiting for a hearing on claims is more than 600 days. Apply online: https://secure.ssa.gov/iClaim/rib

Avoid SS benefit cuts: https://www.amazon.com/Forget-Social-Security-Medicare-Lifestyle/dp/1466394285

IRS free filing sites avoid $300+ cost of filing taxes

Commercial tax prep sites offer expensive loans as advances on your refund but you can keep your whole refund using the IRS free filing partners. Refunds can be in your account within 2-3 weeks. Remember: IRS does NOT call you. The average refund is over $3,000. Check if you have a refund for a previous year—there is over $1 billion from 2014 alone. https://www.efile.com/unclaimed-irs-tax-refund-checks-and-bank-deposits/. Need previous year return (transcript): https://www.irs.gov/individuals/get-transcript. Check your refund: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp.

You can create a tax-free retirement fund of $500,000 with that amount each year. If you need free tax preparer service for your 1040, use AARP Tax Aides near you. Bring last year’s return and ID: https://www.aarp.org/money/taxes/aarp_taxaide/. If you have a simple return: FreeTaxUSA or FreeFile: https://apps.irs.gov/app/freeFile/jsp/index.jsp.

Use your refund to fund your tax-FREE IRS approved account: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Is holding life insurance for estate tax right for you?
Each family needs to consider whether their specific circumstances warrant holding this asset to pay for estate taxes? Will there be an estate tax in the future? The federal tax exemption was doubled to $11.2 million (double if couples plan) but only through 2025. If you will not be liable, the reason to pay for this asset is gone. Life insurance is usually a bad investment. So if you don’t need a contract to pay the federal or state estate tax, there are better investments. Your policy will show the guaranteed cash value (and additions) at age 85 and 90, so compare these values to a balanced fund accumulation for the same period at the same premium/contribution level. Try 6%, 7% and 8% rate in this: http://www.moneychimp.com/calculator/compound_interest_calculator.htm. If you pay $3,000 a year, enter that. If you are age 70, enter 20 years. Compare $132,000 to age 90 values in the contract. If you have held the contract for a long time, cashing it in will cost income taxes on the gains like any asset. You should contact the carrier or agent for options like loans, paid-up coverage or conversion to an annuity. Finally, you may want to obtain ‘life settlement’ quotes. Investors will pay you cash in order to collect on your death. Beware: that creates a tax bill too. Ask Hunt: http://www.evaluatelifeinsurance.org/.

Do what is best for your retirement: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Health insurance premiums to rise—existing conditions to cost more each year

The new U.S. Department of Labor proposal would allow the “short-term” health insurance market to go from offering 90-day “skinny” policies to 364-day policies, while being able to increase premium prices based on age and even deny coverage to those with pre-existing conditions like cancer, diabetes and asthma. “We could see premiums for 50-64 year olds cost five- or even 10 times what younger people pay.” AARP contends premium increases could hit the $4,000 mark or higher annually for 60-year-olds who buy a silver plan in the Affordable Care Act marketplace if the short-term marketplace is allowed to expand. Trump has pushed for these age/illness rated policies after cutting the subsidy that allowed millions more to be covered. He has encouraged the young healthy group to cut their coverage. Buy affordable catastrophic coverage or remain in your employer plan: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Is a laddered CD plan right for you?

When CD rates are rising as they are expected to do in the coming year, what do you do with your accounts coming up for renewal? If you renew for another 5 years to catch a higher rate, you might miss the extra 1% which may come in a year. Today, a 5 year pays 2.75% at an internet bank run by Goldman Sachs. You lose interest if the rate climbs 3% in 5 years. Under normal circumstances, you may earn more interest by dividing your balance into 5 equal amounts and buying a 1, 2, 3, 4, and 5 year paper. Then when each matures, you buy the current 5 year if you don’t need the money. Each year, you are going long to take advantage of the higher returns and you have cash if you need it.

An alternative is to rely on a Tax-Managed Balanced Fund. With over half of its assets invested in federally tax-exempt municipal bonds and half in non-dividend stocks, this fund has maintained steady returns of 7% while creating little taxable interest. This combination of securities will reflect new interest rates and avoid loses. Cost: 0.09%.

Go long—build your future: https://www.amazon.com/Go-Long-Reach-Wealth-Starting/dp/1519376189

Is an advisor using the fiduciary rule right for you?

Despite the fact that Trump has nullified this requirement for financial sales people, you can still hire professionals who live by the rule. If you are looking for an advisor, ask for those who follow it. There are advisors with the degree CFP who “must act in the best interests of the client.” These pros place the interests of the client above the interests of the CFP professional and the CFP professional’s firm. They lose their license if they fail.

Use fiduciary protection: https://www.amazon.com/Fiduciary-Rule-BEST-dont-lose-anymore/dp/1530980275

Best gift for your graduate this year

Money to start their long-term investment account. There is one important fact about investing that we usually learn too late to help: Time value of money. What’s that mean? Your graduate can practically guarantee themselves a great nest egg in the future if they use TIME to grow their investments 10 times. They can spend $30,000 for every $3,000 they invest early. With 30 plus years to compound, $250 a month, $3,000 a year can grow to $1,000,000 in 33 years. INVEST EARLY: people aged 35 have to set aside 11.69% of their pay to keep up with those in their 20s socking away only 6% of their salary, based on calculations by Financial Engines. Index funds are a good investment, as they are less expensive than other options. Pay less and earn more. Set up a Roth IRA if you have no access to an employer-sponsored retirement plan.

Create a Roth in 1 hour: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

****************

Make

~~America~~

, “The Don” Great Again

‘I’m the only one that matters’ Mob Boss, Nov 3, 2017

Trump to refuse to answer special prosecutor’s questions: Above the law?

The Path to Dictatorship

“I have absolute right to do what I want with the Justice Department”

China has ‘leader for life’: “maybe we’ll have to give that a shot someday.”

Putin’s influence: Manafort, Flynn, Gates, Page, Stone, Papadopoulos, Sater, Zwaan, Prince, Jr, Jared, Sessions, etc

Putin controls