Your Unbiased Advisor: Earn 8.5% the Buffett way

Would you rather earn 8.5% a year or 2.4%?

Buffett won his bet with 5 Wall Street ‘professionals’ that the Vanguard 500 Index fund would provide a better return than the pros. The Index fund returned 94% vs 24% over 10years. Why don’t most investors use index funds? Most think the expensive Wall Street ‘professional’ managers are smarter than the market itself. Managers take a lot of fees from investors but 95% of them fail to match the market. No manager knows the future. No manager can know all the conditions affecting the companies. Luck has role.

Bet on Buffett’s strategy not on Wall Street’s ‘experts’: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373/

Warren Buffett provides FREE advice on how to beat the Wall Street pros

He bet a market guru on Jan 1 2008 that his SIMPLE advice would beat the professional money managers. He took a bow in his annual letter to his fund owners:

“A virtually cost-free investment in an unmanaged S&P 500 index fund would, over time, deliver better results than those achieved by most investment professionals …” And his choice did after inflation—8.5% a year vs 2.9%. “American investors pay staggering sums annually to advisors, often incurring several layers of consequential costs,” and with little to show. Buffett’s final message: “As an investor’s investment horizon lengthens, however, a diversified portfolio of

U.S.

equities becomes progressively less risky than bonds.” Read how a really successful investor earns over 19% a year.

Earn more with Buffett’s SIMPLE strategy: https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268

Best last minute tax saving move

Tax filing began Jan 29 even though all the forms are late in arriving. 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, Uncle Sam can help you reduce taxes 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 to see you have IRA.

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

Should you sue your employer’s 401k plan?

Retirement lawsuits are on the rise so employers are taking steps to protect themselves.

Experts warn that high fees, lack of investment options or poor investment options and breach of fiduciary duty are going to cost employers. Fee lawsuits have “exponentially increased over the past two years,” says Nancy Ross, a partner Mayer Brown in Chicago. “We saw a lot of it last year and we are seeing a lot of it this year.” Employees claim they are hurt by high priced retail mutual funds rather than lower cost institutional mutual funds, she says. For employers, it is cheaper to settle than to fight. Second, employees claim investment options include funds owned by the plan sponsor making them poor performers. Third, self-dealing, kickbacks and overpaying plan advisors are alleged.

Stop giving up your future nest egg: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

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/. 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

2018 new tax deductions for wealthy people

Trump removed the income limitation on certain deductions. Medical expenses and charity remain important factors that help avoid taxes. For some, bunching together these categorical expenses will help overcome itemizing thresholds. Investment fees are no longer deductible so consider alternative advisory services. The AMT forced some to pay tax despite having substantial deductions. For example, Trump had to pay $31 million in AMT in 2005 despite owning $ millions worth of buildings with tax deductible depreciation. His new law removed the AMT so he is free to live almost tax FREE. His new tax law retains the deductibility of real estate depreciation. In his case, he paid 25% of $153 million in 2005 taxable income instead of the less than 4 percent that he would have paid without it. The Tax Credit Class will again avoid paying their fair share.

Take advantage of your Tax Credits too: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

10 Best USED Luxury Cars Under $30,000

2015 Acura TLX VA Price $20,800 37,000 mi

2015 Acura RDX VA Price $23,700 36,000 mi

2015 Audi Q3 VA Price $26,500 36,000 mi

2015 Audi A3 Prem VA Price $18,700 26,700 mi

2015 Mercedes CLA VA Price $24,500 20,000 mi

2015 Mercedes GLA VA Price $24,800 45,000 mi

2015 Cadillac ATS VA Price $24,000 22,000 mi

2015 Lexus NX VA Price $30,000 22,000 mi

2015 Infiniti Q50 VA Price $23,000 36,000 mi

Compare ratings by actual owners after 3 years: http://www.jdpower.com/press-releases/jd-power-2018-us-vehicle-dependability-study

Use discount insurance: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Is a ‘Digital Annuity’ right for you?

Wall Street has come up with a new trick for the old high-cost deferred annuity. The new ‘lipstick’ on the old pig is called Blueprint underwritten by New York Life and Guardian Life. After the initial investment, buyers can increase their retirement income stream with deposits of as little as $100 a month to create what Blueprint calls “a personal pension.” We did this at Thomson McKinnon in the ‘80s, calling it IRO—Individual Retirement Opportunity. Of course these annuities are loaded with fees—1-4%. Don’t be surprised to hear about Blueprint on “The Today Show” as one of the investors is Jean Chatzky. The ‘lipstick’ is this: “For every dollar you put in, you know how much more you will have on a monthly basis when you retire.” Future projections have always been the juice in selling annuities—and also their downfall. The ‘guarantees’ are based on promises about rates of return in the future and no one knows rates for sure. Wall Street is out to capture 401k money as we invest for retirement. An annuity is an expensive way to mimic (at lower payouts) the guaranteed pensions of the past. Don’t be fooled by lipstick.

You get more income by skipping the fees: https://www.amazon.com/Your-Pension-Box-tax-FREE-avoid-employer-fees/dp/1481945157

What do you do with your RMDs?

As a tax preparer, I hear about where people put their refunds and required distributions from pensions, IRAs, etc. all the time. RMDs are annual amounts the IRS requires you to pay tax on starting after age 70.5. Some use the RMD to pay bills—some are still using a mortgage for tax deductions. Some up their charity giving for the same reason. Some travel if they like that kind of thing. Some put it back into savings. Of course they can’t fund an IRA but they can use it to convert a traditional into a Roth by paying the tax due. Follow the rules: https://www.irs.gov/pub/irs-pdf/p590a.pdf. There are no income or age limits on converting any amount from a regular IRA to a Roth IRA. The earlier you do it, the more tax-FREE income you may have later. I take $10,000 a year from my IRA, pay income tax and add $10,000 to my Roth IRA so that in 10 or 20 years, I have double or triple the amount. If I don’t need it later, my heirs will have tax-FREE income too.

https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

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Make

~~America~~

, “The Don” Great Again

Palace intrigue: Trump’s movie will star himself and family in 2022. Putin does cameo.

(Putin has videos of the star in compromising XXX sex acts we can’t describe here)

Trump’s stage name is ‘David Dennison’ when others pay $130,000 for his sex.

A movie is the only way to understand how Putin got Trump elected. Will Putin poison him?

(Mel will tell all in her new own book)

Did Putin actually pick Tillerson over Romney?

Our intel agencies: we are under attack and Prez says not—aid and comfort to enemy?