Your Unbiased Advisor: What to do with your $1200

Suggestion list: What to do with your $1200 or $2400

Hold on to it for essentials as the future is unknown. If you must have cash to buy an essential down the line, you have it. Doctors, landlords, lenders, utilities can wait—they have reserves and access to federal lending programs we don’t have. Many states are making evictions and shutoffs illegal. If you have been laid off, explore your health care options. Trump says he will pay hospitals for C-19 care but what if you break a leg running your part-time business or fighting to get into the grocery store. Use some of your money to start/expand a hobby. People need something to do at home so offer your hobby/book/toys/etc over Amazon eBay, Craigslist, Facebook Marketplace, etc sales process. You may be allowed a tag sale in your front yard as long as you have 6 feet lines on ground. Better yet use Craig list. I sold an attic house fan that way. Never take anything on the internet for truth without ‘trust but verify’. I go to 3 other sources before I click. My garden center sent me an email offer with link to see details. I emailed them directly and they confirmed it was a scam/phishing from theft of their email list. Explore your situation. Ask your employer for help: vacation pay; forward sick time, student loan, etc. Ask your vendor for a couple of months wait in writing.

Gov resources to help deal with virus recession:

VIDEO: CARES Act Mortgage Forbearance: What You Need to Know

Guide to coronavirus mortgage relief options

What you need to know about student loans and the coronavirus pandemic

Beware of scams related to the coronavirus

Online and mobile banking tips for beginners

How the rich avoid paying taxes anywhere

It is easy—live where you want to but claim your legal residence—citizenship—in a country jurisdiction that does not tax money earned outside that country. In essence live in a tax haven—just officially. The rich maintain an intense schedule of travel using a virtual single-family office of professional management over their businesses. With accounting firms geographically dispersed, each is the cornerstone of their single-family management office. Their virtual family office coordinates experts and specialist serving the needs in specific geographic areas. This management scheme helps the wealthy be everywhere and nowhere at the same time. They are true global citizens—avoiding all local taxing and legal authorities. They even get C-19 screening tests immediately for free. Since money is no object, your family office will provide low taxes on your income from everywhere in the world and you just charge it to your personal credit card. When your yacht needs maintenance, the office in the country where it is docked takes over. Almost all your possessions and assets are owned by one of your companies so a wealth tax is as ineffective as the US income tax. You are not subject to jury duty or military service. Set up your own tax-free system here at home.

Create your own tax-free account: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

Does Trump receive a tax deduction since his name is on relief checks?

Will Trump’s accountants use the fact that his name appears on the check millions of voters receive use it as a marketing expense deduction for the campaign for president? In past campaigns, the use of his name has been a deductible expense. Why else would Trump insist to the Treasury Mnuchin that the IRS must delay checks by printing his name on the checks? "During economic downturns in 2001 and 2008, President Bush included his name on letters sent in advance of recovery checks." The IRS refused to put Bush’s name on the checks. An observer noted that to avoid the potential for corruption or misuse of funds, a civil servant – not the president or someone appointed by the president – signs the checks. Trump wanted to actually sign as payer. Now he denies it and blames his staff. Treasury denies that coding software and reprinting the checks with Don’s name will NOT delay delivery despite previous reports. One Rep said: "So Trump is delaying the stimulus checks so his signature can be printed on each one. Him first. You second. Always." Trump makes $59 million on his name image.

Ebay: The Don’s check for you: $17.99

Experts don’t know when businesses will restart

Every financial guru says they know but they are just guessing. This is not like any recession/depression before so we need to make plans to survive. Many are rescheduling their cruises in 2021 but that is more marketing (25% off). Wall Street’s ups and downs are just positive thinking by speculators. Politicians’ forecasts are biased. Some businesses will not be able to come back so the unemployed may have to shift jobs. More than 16.8 million Americans filed for new jobless claims. Some can’t even get the form to file. States’ cash is low. If there are over 10 million looking for work at the same time, it will take months to rehire/restart/restock for next year. Think of the lines when ads post 1,000 openings. Get refunds. Don’t waste that $1,200 paying bills. Doctors, landlords, lenders, utilities can wait—they have reserves and access to federal lending programs we don’t have. Many states are making evictions and shutoffs illegal. Perhaps a temp job will keep you motivated and fed for a few months. Prepare a budget to cover food necessities for 6 months so you don’t panic. We just don’t know and panic is all we can control now. During the ‘30s depression President Roosevelt helped us come together with a speech: “Only Thing We Have to Fear Is Fear Itself” Definitely worth reading today:

“Only a fool … can deny the dark realities of the moment.”

JPMorgan caught overcharging own employees again

JPMorgan sued for overcharging 401k employees: failed fiduciary: pensions will be cut. Paying the 2% fees over time causes total accumulations to be cut by over HALF. JPMorgan and 401k staff is robbing its employees of the pension they paid for. Like many other large and small companies, the owners seek to make the 401k plan a profit center. The fiduciary duty—making investment options that are best for the employee—is required by law. Almost every new hire is given poor investing advice by the HR department in charge of signing employees up for the owner’s plan. Most HR people are not financial planners so they tell most young and old employees to put all their money into so-called stable funds. HR recommends these funds so that the owner will not be sued when the employees account value goes down. However, for anyone under age 50, these are the worst investment choices since most employees have time to grow their accumulations at the market rate of 11% not 2%: stocks vs bonds. Morgan employees, like most 401k members will end up with $62,000 instead of $195,500. Only the enlightened employee will put all their contributions into the low-cost index fund if they can find it in their plan’s 56 page brochure.

Stop the theft: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

Why file your taxes ASAP?

If you have refund, waiting gets you nothing. Could the IRS run out of money? Could gov computers make a mistake after April 15 because they did not get the email about extension to July 15? Is it possible there will be big delays since all the IRS and check printers are out of the office now in virus lockout? Just to avoid all the bad stuff, file now. Check your state for deadline. The federal and state filing can cost you nothing at https://apps.irs.gov/app/freeFile/. Another site has no cost or restrictions: https://www.creditkarma.com/tax. And remember you can usually reduce income and thus tax by making a deductible contribution to your IRA. File now for refund: 90 day interest-free extension if you owe. https://www.irs.gov/pub/irs-drop/n-20-18.pdf

Filed already: refund status: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

If it takes a village, the village idiot is in charge: “metrics up here” (his head)

The Village Idiot threatens to adjourn Congress

Idiot declares: “We have the right to do whatever we want”

Village Idiot: “It is my decision to reopen the US economy”

IDIOT puts Real estate developer/clothes maker in charge of reopening our nation

Real doctor (not the village idiot) says we WON’T be back by May 1

Village idiot shut ObamaCare just like revenge on Idiot’s family

Village idiot voids OSHA: don’t report virus—election coming

Village idiot orders his name put on relief checks: election messaging