Is your portfolio balanced for the future market?
Every financial planner has in mind a combo of
stocks and bonds and some ‘alternative’ assets for average investors at any age.
When thinking of the long-term returns—more than 10 years—most use a software
program that takes your current portfolio totals for each asset class (stock,
bond, other) and estimates how
it will grow (inflation-adjusted) over time using a 1000 past stock and bond
market scenarios. It adds your other income (pension and SS) and expenses and
provides a range of portfolio totals you will have by age. Most programs
estimate your income/expenses annually with a probability of making it all the
way to age 95. So for most people a 45% stock 55% bond portfolio provides the
best chance (97%) of making it through 25-30 years in retirement. Actually,
this combo turns out to be fairly good one for most risk-averse
investors of any age. More aggressive investors tilt the combo to stocks at an
early age, like target date
funds. The ratio of stocks, bonds, other is called asset allocation.
Over time, stocks beat inflation but bond interest can offset a temporary stock
price drop. A balanced fund like Vanguard
Balanced Index Fund had only 1 year of negative returns.
Try this software yourself: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016
Trump is recouping his tax cuts to the rich with
tariffs we pay!
Many retail outlets are now raising
prices to make us pay for Trump’s tax cuts to the wealthy. We knew we would
have to pay eventually since Trump’s class has already figured out how to avoid
taxes themselves. He gave them more help for the next 10 years. We will pay the
higher prices and see our middle-class tax break of $4,000 (Trump promised)
slip thru our fingers. He planned the tariffs before the tax breaks knowing
that his class doesn’t shop at Walmart, Target, Mays, etc and thus won’t have
to pay. The corporations were never going to use their breaks to build new
factories for jobs. They have given the money to the owners and senior
management. Socialism for the rich, capitalism for the poor.
We continue to pay for their taxes: https://www.amazon.com/Americas-Socialism-for-Rich-not-little-people/dp/1535218584
IRS cuts audits by 1/4 so Breath easy
The
IRS’s criminal division brought 795 cases in which tax fraud was the primary
crime last year, a
decline of a quarter since 2010. Republicans in Congress have repeatedly
cut the agency's budget since 2011, slashing the enforcement staff by a
third. “Over time, crimes only tangentially related to taxes, such as drug
trafficking and money laundering, have come to account for most of the agency’s
cases.” Tax avoiders have a friend in high places so it is unlikely they will
be caught. Even if they are found, they pay up. They hardly ever go to jail. Philip Falcone caught
avoiding taxes overseas is an example of rich who don’t go to jail. They
pay a deductible fine. Good auditors don’t work for the IRS; they work for the
avoiders to find tiny exceptions in the code to avoid taxes.
Use your legal tax
credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Check your broker/advisor’s charges when rollover
used
Regulators
are taking a second look at the transactions when you are moving large
assets to another type of account. The Securities and Exchange Commission is
looking more closely at IRA rollovers. Examiners will not only be sifting
through rollovers from retirement plans but from other IRAs, annuities and
commissionable products. They want to ensure that your product offerings, fees
and commissions are justified. If your salesperson
fails to justify the recommendations and fees for rollovers, they may
trigger an SEC examination. “This is the most aggressive we’ve seen the SEC in
years with respect to enforcement on the fiduciary side” a researcher said. Fees
above 1% will have to be justified. Since a 1% total charge may make a sales
quota (1% of $250,000) $2,500 is a lot for a simple fill-in form. Consider the
new product on-going fees, charges, commissions before you sign. There are
alternatives that are better for you!
Avoid their high-cost products: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275
Another way the
wealthy leave us with their tax bills
Wealthy people often
accumulate huge value in their assets. For instance, Trump’s father gave him at
least $413 million. If The Don had just put that in stocks, he would have $8.2
Billion now. 20% taxes would be due when the stocks are sold. If those assets were
contributed to a donor advised fund (DAF), they would yields a huge deduction,
which can offset as much as 30 percent of their income (AGI). This deduction can
be carried
forward five years so they may never pay regular income taxes (as The Don
did in 1995 onward). Since the DAF is a public charity, the donor pays no
capital gains tax -- and neither does the DAF when it sells the assets.
Of course this
strategy is not as complicated as the ones
used by the Trump family to avoid paying their fair share. New York State
Use a legal tax shelter
too: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
Tax law changes
require you to prepare now
Tax changes mean you may actually owe tax this year.
Check your 2017 return. First, the new standard deduction is $12,000 single;
$18,000 head household; $24,000 joint returns. But you
can’t claim a personal exemption deduction for yourself, your spouse, or
your dependents. So if you claimed 3 or more exemptions, you lose at least the
$12,150 deduction on line 42. If your family is large this can hurt (3 kids
means $20,250 added to your taxable income line 43. This
may increase your tax by $4,000. Also you are limited
in the deductions for property and state income taxes to $10,000 as well as
other items. To avoid any penalty, increase the amount of federal withholding
at work using form W-4 to DECREASE your ‘allowances’ on line 5: https://www.irs.gov/pub/irs-pdf/fw4.pdf.
Or pay the full amount of shortage by Jan 15, 2019 . Page 9: https://www.irs.gov/pub/irs-pdf/f1040es.pdf/.
On the other hand, if you can bunch 2-3 years of charity gifts, you can lessen
the damage. Some states will let you pay
state taxes to a charity to work around this tax increase. If you are head
a small business, your
tax bill will probably fall but see your accountant for details.
Decrease taxable
income: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce-Taxes/dp/1540435148
How much to
withdrawal from your nest egg?
Use your RMD wisely:
https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716
****************
Two Americas
***********************
How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!
Opioid addiction
treatment money and drug
firms push millions of pills into addicts.
Trump
to fight CA on open internet: he wants us to pay more for faster service.
Trump EPA admits man
makes temp up 7 degrees so let
polluters make money now.
Grassley, Nunes, 30
other Congress
folks receive $15.3 million subsidies from our taxes.
SCAMS/SPINS:
Tariffs are
the NEW tax and employment would fall by 459,816.
Roca Labs diet
supplement lies exposed are protected from suit
AmerisourceBergen,
drug middleman, caught
fraud, doctor kickbacks, no jail time.
Philip Falcone caught
avoiding taxes overseas—rich don’t go to jail; pay deductible fine.
Lending Club and CEO
caught
cooking the books to make it look better.
Top
scams and frauds complaints: $2 billion recovered but be on your guard with
these.
Edward Jones
brokerage caught
moving accounts for higher fees going forward.
Charles Rettig, Trump’s
new IRS chief may ignore tax cheating by Trump family.
Bluestem caught
delaying
the transfer of payments that customers had made on debt.
Shopper’s loan—high-cost
loans for those who can’t get credit. Too easy default.
Suicide by cop:
Everyday people with guns kill co-workers and get cops to kill them.
CA
gun buy now requires age 21—will it cut mass shootings?
----------------------------------
You’d
be a billionaire too with $413 million and 1,032 apartments to start your
career.
Why do women attacked by rich men NOT report? Living
proof with CongressMen!
“What
happens at Georgetown Prep stays at Georgetown Prep.” Bret Kavanaugh.
So when you are being attacked, you must bring a
lawyer with you to observe & testify.
Trump said #MeToo Movement women are a threat
to his class of rich men who prey on women because of their power. Trump
claims he can’t stop himself from sexually attacking women. Trump has no
morals or self-control. Hedonist!
Trump tape: “I’m automatically attracted to
beautiful — I just start kissing them. It’s like a magnet. Just kiss. I don’t
even wait. And when
you’re a star, they let you do it. You can do anything. Whatever you want. Grab
’em by the pussy. You can do anything.”
Trump
knows from his experience: He defends himself using the media to attack
the victim’s credibility and honor. And sometimes punish them with legal
force.
----------------------------------
Jobs:
Trump ends
entrepreneur visas so jobs
go to Estonia, Canada, Japan, New Zealand, etc.
Scammers
posing as potential employers who send fake check; you buy real cash cards.
Trump gets NAFTA
deal done: Goodies
for unions, banks and pharmaceutical companies
Get
college degree FREE so jobs become available in future.
TX
to get FIRST robot sex dolls at Galleria Houston.
Jobs galore: Unemployment
rate at lowest
level in 50 years
Who owns your account now?
Merrill restrictions
on penny-stock trading, adding to new rules for the higher-risk items.
NJ
brokers will have fiduciary duty similar to Obama’s rule that Trump
reversed.
50
million Facebook accounts security breach: hackers take over users’ account
data.
Earn 5% on Amazon
purchases: Must be Prime member $119; covered with $200/month.
Miracle:
IAN
41 Watchung Plaza,
B242
973.746.2014
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