It is not too late to increase
your refund or cut IRS tax
Tax filing is half over. 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
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.
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 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.”
What are these 'Assets that grow by themselves'?
: https://www.amazon.com/Assets-that-grow-themselves-snoring/dp/1986381226
Is your advisor living up to the promises?
How do you judge your advisor as an advisor about money
management and meeting your goals? Do you just ask that they not lose your
money? Over what period to you judge their results? Are you fair with YOURSELF?
Sales people always have a good story. Just listen to any TV commentator or
your own advisor. “Market went down because ….” Do you check the benchmarks? A stock
market index fund has provided 11.11 since 1976, 21.67% in 1 year; 11.26%
in 3 years; 15.62% in 5; 8.37% in 10. If your advisor is providing a 40% stock
60% bond portfolio for ‘safety’, are they exceeding the classic
balanced fund after fees: 9.85% since 1970; 10.20% in 1 year; 6.45% in 3;
7.31% in 5; 7.11% in 10. If not, why not? Fees are the largest drag on returns.
Maybe it is time to go your own way since success in stock picking is very
hard.
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.
Earn more with Buffett’s SIMPLE strategy:
https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268
Did you leave a pension at a past
employer?
We change jobs or employers fold
and leave our money with the PBGC. Sometimes the bankruptcy takes a long time
and you are never notified how much is yours. You may be able to claim your
portion of the $ millions left behind. First, search the PBGC: https://www.pbgc.gov/search/unclaimed-pensions.
Second, try the Dept of Labor: https://www.dol.gov/agencies/ebsa/about-ebsa/ask-a-question/ask-ebsa.
The best option, according
to Bloomberg: Call one of six regional pension counseling projects
affiliated with the Washington-based nonprofit Pension Rights Center
Fix your current pension: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966
Would you rather earn 8.5% a year
or 2.4%?
Buffett won his bet with 5 Wall Street
Bet on Buffett’s strategy not on
Wall Street’s ‘experts’: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373/
20% of us
aren’t saving any money; 78% living paycheck to paycheck
Most say expenses
are the biggest obstacle, with 39% of the respondents citing this as the
main reason they’re not saving. 16% said their job isn’t good enough, while an
equal amount said the main reason they aren’t saving more is because they
haven’t gotten around to it. Living
with debt and no emergency is the American way. Perhaps in this culture of
immediacy we don’t worry about tomorrow like older generations HAD to. No jobs
and starvation was a prime motivator after the 1930s wiped
out their way of life. (NOTE to climate
deniers.) Without preparation, some
could find housing in L.A. for the homeless. Others may find
food illegally from volunteers. Others
may try making it on $9 per hour if they can find work. Even if we work all
our lives the average SS benefit is $1,341 a month. That may be cut
25% in 16 years if GOP holds Congress majority. There are more retirees and
fewer workers so we either stop
making wars, bombs and missiles or we live shorter lives.
Start your own Wealth Reserve: 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/.
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
One advisor claims investors are turned
off by advisor’s bling
Nick Richtsmeier says his industry
must stop trying to impress the wealthy to become clients. “It’s an empathy
gap that is the effect of decades of culture in the financial services that
creates a barrier between people who give advice and those who need advice,” he
says. Brokers/advisors created the image of a financial professional as one
wrapped in luxury cars, exclusive neighborhoods, expensive clothes and jewelry.
Somehow this proved they were successful at making money but investors are now
realizing that THEY, the investor, had to pay for all that bling. “Clients
today are more interested in facilitating high-quality decision-making,” Nick
says. The average financial advisor makes approximately
$140,000 a year, says Richtsmeier, but the average American household
reports an income of less than $100,000 a year. Most of the advisors I have
worked with make less than $90,000. Most Americans who reach $1 million in
assets have already been investing effectively on their own. Advisor fees
can hurt more than help you. Try paying less and earning more.
Move to the next level: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Avoid these cars according to JD
Power
In 2016, Kia leapt to the No. 1
spot, ending
the nearly 30-year reign of premium brands. It held on to that top spot for
2017, with Genesis, Porsche, Ford, and Ram rounding out the rest
of the top five. But while a rising tide lifts all boats, there are still
winners and losers. 10 with the most problems you should not buy:
Infiniti, Jeep, Subaru, Audi, Mazda, Land Rover, Mitsubishi, Volvo, Jaguar, Fiat. Consumer
Reports shared similar views. After ownership, Power likes this list of
most dependable: http://www.jdpower.com/ratings/study/Vehicle-Dependability-Study-%28VDS%29-by-Make/846ENG
Save
with discount insurance: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
****************
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)
Jared/Prince
made a secret ‘back channel’ to Putin … like Benedict Arnold?
Our intel agencies: we
are under attack and Prez
says not—aid
and comfort to enemy?
Bannon admits the Trump-Russian
meeting was “treasonous”
Trump Is 'Doing
Putin's Job for Him' by Attacking our FBI: McCain
Mueller
indicts 14 more conspirators for illegally helping Trump win election
Putin’s influence: Manafort,
Flynn, Gates, Page, Stone, Papadopoulos, Sater, Zwaan,
Prince,
Jr,
Jared,
Sessions,
etc
How many other
people can Trump blame for Putin’s meddling?
Putin has hacked control
of our utilities
Trump’s co-conspirators
take secrets without clearances. Traitors?
GOP
House will never impeach their ‘Savior’
“I have absolute right to do what I want to
do with the Justice Department,”
(Court
judges in Reich were instructed to submit lists of lawyers who would be
trustworthy. The main requirement was absolute political reliability. Hitler’s Justice)
Fill courts with Trumpism.
Bannon and I wish to “destroy the
state”–our government: “I
want to destroy regs”
GOP
to destroy FBI investigators and rule
of law to save their mob
boss’s crimes
FBI doing its job following Kremlin ‘advisor’, Page,
a suspected Putin spy
Tillerson told the truth so the
MORON fired him.
“I’m
a very stable genius” Can you pass Trump
genius test?
Mafia
boss methods do NOT work in government: can’t
stop FBI investigation
“Trump
can’t be a racist: he had a TV
show”
“Why are we having all
these people from ‘shithole’ countries come here?
Trump creates religionists
agency to justify discrimination
The
Don defends sex assaulter and predators because … he is one!
The Don admits he “makes
up things”—lies
The Don’s enforcers
lie re: contacts
to Putin and list longer: Why all the lies
if innocent?
GOP uses unconstitutional
gerrymandering to get elected. Supremes
agree
Trump
rated worst president we ever had; Obama
#8 Reagan #9
‘I was elected President.’ (to
destroy ‘the state’)
Dictator’s greatest weapon is fear: Dems
are evil (TV ad)
Military moves into another cabinet seat so Iran
restarts nuclear reactors
Anyone
who did NOT clap for my speech is “traitorous, Yeah”
“Take
the guns first, go through due process second,” dictator Trump said.
How Govt wastes our money: Naked politics at work
Trump withheld
or censored
more records last year than at any point in the past decade.
SCAMS:
What
happens when two
lying B.S. artists get together to talk?
NRA
made offer he can’t refuse. Mob money to mobster. ‘Let them kill kids!’
Will killing the killer bring back
17, deter
next sick killer or parents feel good?
Student #1 injured from IN-SCHOOL
gun-packing teacher—police
state is bad.
"I’ve
never been in a situation when I’ve been asked
to ignore the facts because it was more
convenient,” ICE James Schwab.
Jobs:
Who owns your account now?
IRS giving you last
chance to avoid penalties for hidden assets overseas.
Big banks are again free to bring
down the economy and financial infrastructure. It costs US $29 TRILLION in the 2007-8 bailout. We gave $ millions
to foreign banks.
Miracle:
Meet
your soul-mate as avatar in internet
game. Play the game for the rest of their lives.
Porn star ‘search
for the truth ’shames President: money back guarantee for services.
Dems
beat Trump’s candidate again—in deep coal PA—overcame 20 pt GOP win and Pelosi image and abortion and gun ban
and ‘left
hates Trump and God.’
IAN
41 Watchung Plaza, B242
973.746.2014
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