How much do lower
fees really help us reach our goals?
Vanguard just
lowered the minimum for us to qualify for lower fees on funds. Many brokerage
firms are cutting fees. Does a low fee really matter over the life of a
retirement fund? The comparison is simple: $250 a month $3,000 a year for 34
years at the average
earnings of the S&P 500 index (11.06%) is $1.1
million. We pay .04% so we net about 11% a year on average. If we deduct 1%
from our earnings, we have only $863,483
or $247,517 less. That is 22% less. If you let your advisor manage your
account, you earn only 3.79%
for 34 years according to Dalbar’s survey of actual investors. That means the
trading and market timing will cost you $902,930: $1.1 million (you could have
earned) minus $208,070 (your earnings). Will you drop your advisor in order to
make more money for retirement? We follow Buffett’s advice.
Use Warren Buffett’s
strategy: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Are small business
deductions right for you?
Many Americans are
turning to creating a business out of their part time and sometime work
schedule in order to help their family survive the increasing costs of living. Wages
have been flat since the 1980s for many middle-income workers and it makes
sense to pay as little tax as possible. A quarter of workers make less than $10
an hour, putting them below the federal poverty line. Meanwhile the top 1% owns
40% of our country’s wealth. Following The Leader’s example, many are able to
actually reduce their regular W-2 income for tax purposes. The GOP has provided
another incentive: an extra
20% deduction from net profits. Just follow the deductions here:
https://smallbiztrends.com/2016/02/top-tax-deductions-for-small-business.html.
A special for Uber/Lyft
drivers is deducting the ‘snacks’ you provide in your car. After you take
all these legal biz deductions, take another 20% when you qualify. You may not
be able to reduce
all your income to negative for years, like The Leader, but at least you
can add income without more taxes.
Take your tax
credits: https://www.amazon.com/Tax-Credit-Class-your-credits-pay-ZERO/dp/1539462382
Why
are we subsidizing GM? Trump threatens to cut subsidies to GM
Is America China Russia Cuba
Avoid paying their
subsidies: https://www.amazon.com/Americas-Socialism-for-Rich-little-people/dp/1535218584
Do you need a REAL
middle-income tax break?
The REAL tax break
from the GOP and Trump is the removal of the income
cap on conversions from traditional IRAs to Roth IRAs. The 1.6% income
increase for the average household earning $50,000 to $75,000 has been eaten
up by tariffs and health care costs. Compare the $thousands you save in
taxes during retirement when most of your income is tax-FREE and you no longer
have to take taxable RMDs from your IRAs. For many, the elimination of tax on
IRA distributions means their income can continue to grow after 70 ½ AND they
will pay less tax or nothing on their SS
benefits.
Keep your taxes low
for life: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
NY requires
insurance agents to give us the best deal ‘fiduciary duty’
The New York
Department of Financial Services issued a final regulation in July that is set to go
into effect in August 2019. The rule requires that "only the interests of the
consumer" be taken into account when making an insurance sales pitch, and
compensation to the agent or broker is only permitted if it "does not influence
the recommendation." "Thus, this regulation effectively requires the
agent to become a fiduciary to the consumer." Agents and their association
claim they can’t make a living since they are acting for insurers, not us. But
insurers know the fiduciary rule is best for the industry long-term and also
know agents will continue to sell their products including high-cost annuities.
Corporate management
uses life insurance to avoid taxes
Insurers sell a special
policy that works tax miracles for business owners. Their corporation makes
contributions to the plan. Rank and file employees do not get any
benefits. The contributions are tax deductions to the corporation. The
contributions go to fund life insurance whose beneficiaries are designated by
the owners. The principals are able to access the cash surrender value of the
insurance contracts tax free. The beneficiaries do not recognize any income.
Perfect scam: owners pay less tax and get life insurance benefits for free. CSV
can be security for purchases and loans.
Use the Trump Tax
Shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
****************
Two Americas
***********************
How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!
“Our
debt rose $2 trillion under Trump: total $21.7 trillion.” 10% in just 2
yrs.
We are building more
concentration camps for children/teens using unchecked guards.
SCAMS/SPINS:
DO NOT READ this
report: Trump
does not want you to read his report--future climate.
“Trump Foundation
functioned … as checkbook
for business/political interests.”A crime.
Public
hanging supporter gets endorsed by The Leader. MS voters go for racist
again.
Trump’s army used
pepper gas on the woman/children: ‘you
could put it on your nachos’
“If
they have to, they’re going to use lethal force,” Trump told reporters
Trump’s
bank raided by police for money laundering: Find the hidden Trump ledger?
TrumpCare junk
insurance will bankrupt us again. This
was story before ObamaCare.
Is one emotionally
distressed man’s
gut leading America into oblivion?
Family
& Relatives at risk in nursing home when businessmen buy it. Profits
for bedsores
2 scientists claim
just one
“Adam and Eve” started life. Pigeons & humans same DNA.
David Fagenson
caught making
unsuitable trades for seniors: huge profits
Scott Newsholme NJ caught
forging signatures & tax returns gets 8.5 years jail.
Frank Dietrich
caught selling
notes in real estate Ponzi scheme loses license.
James Polese MA caught
taking client money in wind farm fraud gets 5 years jail.
Raimundo Atesiano
Police Chief got
his men to frame innocent people got 3 years jail.
Eric Landis VA
caught promising
microcap promotion scheme by pump/dump trades.
Payless
shoes proves we are gullible buyers of hype just like financial services.
Bernard Ogon MD HealthRight
caught selling
bad pain cream/supplements for $7,600.
----------------------------------
The Mob Boss can never go to jail: Trump
has Kava as Supreme so no indictment.
‘No man is above the
law’ … well up till now. Dictators
nullify courts first, then votes.
Supremes protect
Don’s ‘Orders’? – GOP: Sure, pres
can change
Constitution anytime.
----------------------------------
Jobs:
Tulsa
will pay you $10,000 to work there. Bring computer!
GM
closes 5 plants: few cars to produce—15% of salaried workers.
Make a fortune
selling the RED
Melania Christmas trees at the mall! Tax dollar at work.
Who owns your account now?
Over 40%
of voters said healthcare was the top issue ahead of immigration and
economy.
Always
appeal your health care treatment denial—Insurers don’t like paying claims.
Miracle:
IAN
41 Watchung Plaza,
B242
973.746.2014
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