How can you avoid SCAMS in financial services?
Wall Street is a ‘war’ zone! We must enter this war
zone with the protection of knowledge. We
could lose all our lifelong savings in one trade. Brokers and advisors have
weapons that can 'kill' us financially. They are hidden behind lies,
exaggerations, obfuscations and straight-out fraud like faking our
signature. Half-truths and our assumptions and greed are also at play. These
are our 'soft' underbelly targets. There are warning signs but most SCAM
situations require us to be knowledgeable and to check every move. My first day
as a manager at a security firm I was told: ‘brokers are [car] salesman.’ Our
future life is at stake and yet we give strangers our money so easily.
Take Buffett’s advice: https://www.amazon.com/Avoid-Scams-Brokers-Advisors-Sender-ebook/dp/B07GZ1WSP1/
Trump’s new health care plans
Think about this: you are 44 years old and have a
heart attack. You are in great shape—you finished the Ironman triathlon just
five months before. Your hospital was out of network for your school district
plan. The hospital charged $164,941 for your surgery and four days in the
hospital. Aetna , which administers health benefits
for the Austin School District
In order to ‘Make America Great Again’ Trump and TX are
sticking us with bankruptcy.
Buy catastrophic coverage: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
New ways the wealthy avoid taxes that we have to pay
for them
The Trump tax breaks
did not change a 1962
tax loophole from J F Kennedy. It allows the wealthy with money hidden
overseas to declare and pay the corporate rate of 21% not 37%. The rich get
richer. We have to pay for the courts, police, military, roads,
airports, etc. the rich use but don’t pay for. We taxpayers help pay for their
yachts and overseas vacation and rental properties. Imagine paying your tax at
almost half the rate and then leaving it in a shelter with no income tax.
You could live off the interest (no taxes) in one
of your discounted villas
and earn rental income while you were away. Trump’s mob favors Bank
of Cyprus where the bank
board is held by Wilbur Ross Commerce. Ross did not respond to Congress
requests for info on money laundering via his Cyprus bank. However, Russians
have used this facility with NO questions asked. The Panama Papers illustrate
how hidden money gets laundered into mansions and property for sale. The IRS
lets them earn some income overseas without being taxed too.
You can have a Trump tax shelter too: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
Does your vehicle hold value?
The brand receiving the most model-level awards
is Lexus (five model-level awards), followed by Honda and Toyota
Lexus: Lexus IS; Lexus NX; Lexus
LS; Lexus GS; and Lexus GX
Honda: Honda Civic; Honda
Accord; Honda Odyssey; and Honda Fit
Porsche: Porsche Cayman; Porsche
Boxster; and Porsche 911
Subaru: Subaru WRX and Subaru
Crosstrek
Dodge: Dodge Charger and Dodge
Challenger
Buy value in coverage too: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Is pet insurance right for you?
Pet insurance premiums
rose 23% last year, and the number of insured pets rose about 16% to 1.83M
last year, the Wall Street Journal reports, citing the North American Pet
Health Insurance Association. Americans spent about $17B last year on
veterinary care-- per pet that comes to $257 for routine care for dogs and $182
for cats. The largest providers of pet insurance are Nationwide, Trupanion, and
Healthy Paws. Only about 1% of dogs and cats in the U.S. are insured, but insurers expect
that number to grow. Most adults
don’t even carry life insurance because other needs come first. Your need
for pet coverage must be weighed against other expenses: basic emergency fund,
family health insurance, transport, food, shelter, etc. Insurers see the fast
growth of this cover and may spend more to induce us to buy pet insurance. Pets
are important like our well-being.
Did you get help paying for Trump’s tariff taxes?
Farms are not really struggling small businesses
anymore. Farms
are now corporations with over 2000 acres—70% of all our cropland.
Super-aggie biz is socialism writ large. Trump has turned capitalism upside
down. He gives $12
billion to corporations which are large enough to afford a slowdown. This Trump
socialism is political juice to his followers who have fallen in love with
Russia/Putin-style ‘democracy.’ You and I did not receive money to help pay for
the price increases from tariffs. Farm corporations, known as ‘agribusiness,’
have been on a socialist
track for a long time. Between subsidies and loans and insurance, agribiz
has outgrown
the need for subsidies set up when farmers had to struggle to live. Most
Americans balk at giving hard-earned taxpayer dollars to people who make many
times what most Americans do. By all means, let’s have a safety net. But, in
years when farm firms make hundreds of thousands of dollars, I think they’re
pretty safe already. Like coal,
oil, gas, sugar, etc we pay everyone else except ourselves—even
Congress people are double dipping. Trump
gives tax cuts to wealthy.
Get your tax-relief: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay-tax/dp/1535218584
CAUTION: Brokerage firms are reinstating commissions
for IRAs
Firms like Merrill
are charging commissions again for IRAs because Trump cancelled the Fiduciary
Rule. This Obama regulation protected you from sellers making a fortune
when you moved your IRA to their firm’s products—usually a variable annuity.
Trump was told that the industry would be hurt if it could not continue to earn
6-10% on your IRA move. The wirehouse, which has about 17,400 financial
advisers, is instituting the new protocol on Oct. 1, along with additional
adviser oversight and new client disclosures. Merrill cited “client pressure
and a new regulatory environment as the primary factors behind the change.”
Merrill and others had required brokers to use an advisory account to comply
with the Fiduciary Rule. Now you will be switched back to create commissions.
They are using the misleading reason: “greater choice and flexibility.” Of
course you have always had ‘choice.’ Handsome commissions are paid by insurers.
They recoup them with multiple annuity fees you pay over the time you hold
annuities.
Get the best without fees: https://www.amazon.com/Fiduciary-Rule-BEST-dont-lose-anymore/dp/1530980275
Are the top hospitals near you?
The current report on ‘best’ hospitals by USNews
is out and mine are not on it. However, your doc may be good enough working out
of your local facility for your needs. The report uses risk-adjusted survival
and readmission rates, volume, patient experience, patient safety and quality
of nursing, among other care-related indicators. My local hospital does
not have high volume so it won’t score high ever. Tons of data are collected
for this survey so for special conditions, it is useful. Whether your health
insurance plan would ever pay for care at the ‘best’ facility is another
matter. Some facilities have waiting lists for admission. Most of us have never
lived with another country’s plan so we don’t know how good our health care is.
If we compare our overall health to that of other
industrial countries, it seems our general health care is determined by
income not by this report. Access is the operative concern to the rankings by
the World
Health Org which show a different
picture. Our ‘best’ is there for those who can afford it. 70% of us would like
to try
Medicare for all since we can’t afford the ‘best.’ It
bankrupts us.
Buy catastrophic coverage until then: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
****************
Conspiracy
against the United States, conspiracy to launder money, conspiracy to
receive Emoluments
from foreign states, false statements, subverting
constitutional tax power, obstructing
justice, failure
to secure voting systems from attacks, and Foundation
self-dealing.
***********************
How
Govt wastes our money: Congress spends $1.3 Trillion we don’t have!
Trump
tax deduction cap $10K can be avoided; use the Trump tax avoidance method.
Trump cancels Fiduciary so we go back to losing
$17 Billions for ‘biased’ advice
SCAMS/SPINS:
President/Mob boss says Cohen did not commit crimes:
law
or dictator decides?
The
Don wants to oversee our Google searches like China does. Dictators hate
bad press
Trump
now denying TX Americans their right to renew passports: Why? Non white?
Transamerica caught misleading
clients with bad investments that don’t work. Refund?
Legg Mason caught
bribing foreign government for investment business
Trustmont PA caught breaching
fiduciary duty, committing fraud and negligence annuity.
Gordon Cloutier TX caught asking
client for loan and trying unauthorized trade.
BEWARE: Free
trades are hot product now but none are really free of charges/fees/costs.
McCain
remembered and respected by all for integrity – except one mob boss.
Did the American experiment end with McCain? Can
our rulers have integrity again?
Hunter blames wife for spending but he
spent $400 for 30 tequilas at a bachelor party.
Child
care costs as much as rent in some communities: no savings possible.
Wichita allows citizens
to drink bad water for years: Who’s guilty? Jail time?
Jobs:
Wage increases not kept up with price
increases: Trump tax cuts give firms pricing power
DeVry sued over misleading
promise for job completion rate.
Who
owns your account now?
Is it cheaper to buy your suitcases a seat
than pay $150 to check them? YES!
Deceased relative left insurance policy?: https://eapps.naic.org/life-policy-locator/#/welcome
Regulator
allows banks to plunder student accounts: “legally dubious” debit card
fees.
Vanguard Personal ranked
best “robo investing platforms” with access to live advsors.
Miracle:
Living
on SS benefits alone? Rents in certain towns make it possible.
IAN
41 Watchung Plaza, B242
973.746.2014
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