Can $10/day create good retirement income?

 

Rebuilding our savings: creating a tax-FREE retirement

Instead of saving and investing in an account that will force you to pay more taxes in the future, use the only legal IRS tax-haven available to working people. Your employer may offer a Roth 401k. If not, you can open a FREE Roth IRA at any low-cost mutual fund firm like Vanguard or Schwab. Your contributions of just $250 a month into a low-cost diversified stock fund will compound over time to $500,000 or more. When you retire, your entire $500,000 is tax FREE. That may mean an extra 22% to spend because you don’t have to give it to federal and state governments. That also means you may not have to pay taxes on your Social Security benefits. Right now those benefits can be taxed.

Live tax-FREE: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

Can $10 a day really provide a good retirement income?

Long-term investing in a simple Target Date fund can provide any working person with a comfortable retirement. How? The Miracle of Compounding—it is the strategy recommended by all great investors. Warren Buffett said: “My wealth has come from a combination of living in America, some lucky genes, and compound interest. Why is compounding a miracle? Compounding is not intuitive: you can’t visualize it when you begin. It happens slowly over time. Using a low-cost Target Date fund relieves you of making a mistake: to pick the right one at the right time. That is gambling not investing. Most wealthy people got there by compounding their savings/investing over time. And your money can earn over 11% a year since you pay no advisor fees, commissions, costs.

Help your child learn investing not gambling. https://www.amazon.com/Where-can-your-child-invest/dp/1492164240/

 

 

Will Social Security benefits really be cut by 25% in 13 years?

The trustees of SS project that benefits will be reduced by 2034 because fewer workers are contributing and the group who qualify (people age 62 and over) is growing. Those of us who have invested over our working years will have a cushion against this shortfall. However, those who have had to spend their savings during the virus crisis will need to increase their contributions to securities in order to catch up. We can’t expect to earn enough with 1-2% interest rates. Using the long-term stock market returns of over 11%, we can double our money every 7-8 years. This means that over 25 years, we can accumulate $400,000 and in 33 years, we can accumulate over $1,000,0000 on contributions of $250/month to a low-cost tax-FREE account. Taxes will go up.

Start NOW: https://www.amazon.com/Reset-Your-Retirement-Income-retirement/dp/1512304344

 

 

Have tax forms; will file … for FREE

W-2, unemployment, SS benefits, IRAs, pensions, RMD, brokerage, etc. If you have all your forms, file for FREE online. Usually filing your state return costs as little as $15 unless you buy the Pro helpline. Avoid $300-400 paid preparer fees—new IRS forms mean higher fees. Unemployment insurance is TAXABLE on the Federal income tax return; not on some state returns. Some states do not tax your SS and pension benefits. Retirees did not have to take their RMDs in 2020 so taxes may be less: it was a good time to convert IRA to Roth IRA for tax-FREE future. Unless you were self-employed, you can’t deduct home office expenses of working from home. Some states continue the health insurance mandate and penalty unless you have an exemption. Since the IRA contribution deduction has no age limit now, you may reduce your income/taxes by making a contribution of up to $7,000. The standard deduction went up to $12,400 single; $24,800 joint. Jan 15 last day to make 2020 estimated payments. You have to report your April/May and December/January stimulus payments even though they are not taxable. Some of us receive a bank credit; some a debit card; some a check. Even if you don’t have to file, you should file so scammers can’t use your SS number to mess up your IRS file. Tested E file software ratings. Efile Jan 15; IRS processing Feb 12.

E file avoids covid at your preparers’ office: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

 

Is your IRS letter a mistake for you?

A reader received a “Notice of intent to seizure (levy) your property” letter CP504 from the IRS. It claimed tax due immediately from 2019 tax return. The Reader had filed an Amended Return on April 23 2020 but the IRS was closed for virus and did not open their mail. According to their web pages, the 1040X was not assigned to be processed till October 14. It showed up on “where’s my amended return” screen as “not processed.” IRS computers don’t speak to each other so the computer for ‘Amended Returns’ did not tell the ‘Tax Collection’ computer that it should hold off sending the “we will seize your property” letter” till later. Our Reader finally got someone in collections to answer the phone (previous letter sent by the Reader in December) never got to collection folks. The Moral of the Story—take the 2 ½ hrs needed to get a real person on the phone so you have back up if the IRS tries to take your bank account or other assets later. Get a name.

See IRS taxpayer rights: Rights are great on paper but you will need a lawyer or former agent to enforce them. Avoid future taxation as much as possible.

Use IRS-approved tax haven: https://www.amazon.com/Your-Wealth-ReserveTM-Tax-FREE-Investment/dp/1484954882

 

What is covered by your $148.50 Medicare premium?

Original Medicare provides annual medical screening counseling too. Most of us don’t know what is covered by the Part B $148.50 a month. Medicare Part A for hospital charges is FREE. Medicare’s free “What’s covered” app delivers accurate cost and coverage information right on your smartphone. Now you can quickly see whether Medicare covers your service in the doctor’s office, the hospital, or anywhere else you use your phone. Make sure your chosen a provider that accepts your Medicare or Advantage plan. Talk to your doctor or other health care provider about why you need certain services or supplies. Ask if Medicare B will cover them. You may need something that's usually covered but your provider thinks that Medicare won't cover it in your situation. If so, you'll have to read and sign a notice. The notice says that you may have to pay for the item, service, or supply. If it is necessary, check on the cost before you sign. You may need the CMS code: https://www.cms.gov/medicare-coverage-database/details/article-details.aspx. You may need to do some research like this on the internet: https://bulletin.facs.org/2016/05/coding-and-reimbursement-for-colonoscopy/. Next stop is your Medicare Supplement policy. You may have chosen a plan that covers your needs in previous years, but it is wise to check on changes. For instance, As of January 1, 2020, Medigap plans sold to new people with Medicare aren't allowed to cover the Part B deductible. So you see few plans cover this expense and you should budget for this out of pocket. Early in retirement you may not need to buy a plan that limits your out of pocket expenses but later on this may be a smart choice. Luckily, your state price range are here: https://www.medicare.gov/medigap-supplemental-insurance-plans/. You will need to compare Part D drugs you need at retail and online druggists.

Consult the current handbook: https://www.medicare.gov/Pubs/pdf/10050-Medicare-and-You.pdf

 

 

Lower your tax: We can continue to contribute to deductible IRAs

Previously, we were not allowed to continue making contributions to Traditional IRAs once we reached age 70½. But the SECURE Act removes this age limit, effective this year. This could be beneficial for the growing number of people who are working past age 70 since they can now continue making IRA contributions indefinitely, thus enhancing their long-term retirement financial security. They can also make non-deductible contributions to their Roth IRA which is never taxes later. On the other hand, distributions from traditional IRAs must begin when we reach 72 up from age 70 1/2. However, the new rule does not apply to those already older than 70 ½ or turned 70 ½ in 2019 (born on or before June 30, 1949). Those individuals must continue or begin taking RMDs under the old rule. The SECURE Act effectively eliminated stretch IRAs as an estate planning tool. Effective for deaths occurring after December 31, 2019, funds from inherited IRAs must now be fully withdrawn by beneficiaries within 10 years of the account owner’s death. Exceptions for spouse and disabled. See a professional.

https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

 

 

 

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

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" 

 

 

Domestic terrorists hiding in Congress?

 

Dictator’s Justice Dept officials “engaged in an improper attempt” to overturn the 2020 election. 

 

31 police involved in US insurrection

 

Fascists want to kill our representatives

 

 

Our ‘Truth and Reconciliation Commission’? 

 

 

 

How Govt wastes our money:

If 100 million vaccinated in 100 days, no vaccine appts left in NJ or NY: 500,000 die by Mar?

Millions set up to make vaccines for Covid used as personal slush fund for HHS directors.

We paid for federal prison food that was fake: cheap prices since fillers provided instead

 

Supremes let dictator keep all the money his companies took illegally: dismissed his corruption

Trump tax breaks at work: billionaires grew $1.1 trillion richer: wasn’t really for middle class

Oklahoma trying to return Trump’s virus cure, hydroxychloroquine, but already paid $2 million

 

What if it were Obama? GOP Senate would convict Obama for insurrection of US in a minute

“Law and order” party OK with insurrection: no accountability for dictator: insurrection leader

 

Pentagon (Trump) kept Guard from responding sooner to Trump’s insurrection at Capitol.

Militias are terrorists: Ex military & ex police keep treat levels up: Civil War II?

 

 

SCAMS/SPINS:

Stay ahead of the misinformation: social media and cable are fun but check Bias Chart.

More misleading information rattles around in Q world: must be fun to be brainwashed.

Would you hire someone involved in an attempted coup against the United States?

 

Terrorist training camps in OH NC etc under surveillance before coup attempt: court file

Q’s brainwashed folks need therapy to get over shock: dictator did NOT take over US

America had an election: 81 million is greater than 74 million: hard to miscount 7 million

 

Many GOP leaving GOP after seeing GOP-sponsored coup: no reckoning for Trump?

The party of insurrectionists and conspiracy theorists: a True 3^rd party wants dictator

 

 

SCAM: Credit repair “Anyone that says they can hide/remove bad credit for fee is scam”

Debit card usage is dangerous: you have no recourse to scams, theft, fraud, bad credit

Trading rapid moving stock can harm your future: you could lose HALF in 15 min.

 

 

Virus variant strain hits NJ with no symptoms and no travel contact history: on the wind?

Teacher dies but bosses still refuse to wear masks: overcoming brainwashing is still hard.

SURPRISE Vatican clears retired US bishop of multiple abuse claims: kids now too old.

 

Wealthy are creating boomtown in Palm Beach: London’s best sit in lockdown empty

 

GOP passing state laws to stop future Dem voting: no mail-in, fewer machines, hours, etc

Senate GOP so afraid of dictator: no guts to stop him overthrowing the government again

Only Sen. Kinzinger has the guts to stop dictator who tried to overthrow our government.

 

Scams target seniors: more money, more trusting, more alone, more gullible

 

IRS: Easy Steps to Protect Your Computer and Phone and Avoid Phishing Emails.

IRS: Free special ID protection PIN goes on your return so scammers can’t take refund

IRS: Previous tax returns available online: https://www.irs.gov/individuals/get-transcript

 

Is it a scam?  Check AARP scamline 877.908.3360.

 

Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Check Social Security: https://blog.ssa.gov/

Safeguard data: ConsumerReports help: https://securityplanner.consumerreports.org/

 

Jobs

Job search begins with working friends: if opening happens, you will be called first.

Google employees from across the globe are forming a union alliance: work conditions

 

 

Who owns your account now?

Keep up to date with a new stimulus process: WH news feed to your browser

Allstate Life to Blackrock but keeps New York life biz

WHO advised pregnant women against taking Moderna vaccine unless preexisting conditions. 

 

Feb 15: HealthCare.gov insurance markets to take new applications for subsidized benefits

 

Miracles:

It is a miracle: 1^st Black Defense Sec only had 2 no votes: Utah Lee; Missouri Hawley

Car charges in 10 min and goes 250 miles: Penn State says yes.

Time is running out: sea level rising faster: warm water melts glaciers from bottom too

 

Only Sen Kinzinger had the guts to stop dictator who tried to overthrow our government.

Some judges waited for Biden before retiring to avoid fascist state

 

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

Is “bundling” home and auto insurance right for you?

 

Give your child a leg up

The secret to giving your child a solid financial foundation is to put their savings/investing plan on automatic. It is time and compounding that creates wealth. It takes 35 years for your savings of just $250 a month to become $1,000,000. $250 a month for 35 years totals $105,000. The Miracle of Compounding makes it worth $1,000,000 or more. This is not a get rich quick scheme. This is the strategy used by Warren Buffett to accumulate more in 10 years than 5 Wall Street hedge funds combined. This is the low-cost one-decision strategy that has worked for millions of investors who don’t need to brag publicly about their successful investments. This strategy is so simple you don’t need to give up over 50% of your earnings to an advisor to make trades. Over time this strategy earns 11% per year—doubling your money every 7-8 years.

Start now: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

Have tax forms; will file … for FREE

W-2, unemployment, SS benefits, IRAs, pensions, RMD, brokerage, etc. If you have all your forms, file for FREE online. Usually filing your state return costs as little as $15 unless you buy the Pro helpline. Avoid $300-400 paid preparer fees—new IRS forms mean higher fees. Unemployment insurance is TAXABLE on the Federal income tax return; not on some state returns. Some states do not tax your SS and pension benefits. Retirees did not have to take their RMDs in 2020 so taxes may be less: it was a good time to convert IRA to Roth IRA for tax-FREE future. Unless you were self-employed, you can’t deduct home office expenses of working from home. Some states continue the health insurance mandate and penalty unless you have an exemption. Since the IRA contribution deduction has no age limit now, you may reduce your income/taxes by making a contribution of up to $7,000. The standard deduction went up to $12,400 single; $24,800 joint. Jan 15 last day to make 2020 estimated payments. You have to report your April/May and December/January stimulus payments even though they are not taxable. Some of us receive a bank credit; some a debit card; some a check. Even if you don’t have to file, you should file so scammers can’t use your SS number to mess up your IRS file. Tested E file software ratings. Efile Jan 15; IRS processing Feb 12.

E file avoids covid at your preparers’ office: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

 

Is “bundling” home and auto insurance right for you?

All insurance companies would love to have all of your insurance dollars. But does that make sense for you? First, one company does not offer the best coverage for every situation. My first auto company declined a simple claim that took weeks to resolve. Plus, I have had home insurance with one firm for 30 years and so have a longevity discount. I have shopped other carriers without success. Second, insurers change their profit strategies frequently. I keep testing car insurance rates every couple of years and save $ hundreds each time I shop. Recently, the insurer raised my car rates without any reason. I asked the CEO’s office for some explanation. They said “general” price rise was the reason. I asked if there was a discount I did not have and they confirmed that I was driving less now. Wow—they gave me another discount. Third, insurers go through marketing stages: today they all claim to save us $ hundreds by bundling or “buying only what you need.” Without shopping you won’t know what’s possible. Shopping carriers has saved me about $10,000 over the years. These are vendors not your spouse.

Shop: https://www.amazon.com/Save-3000-every-year/dp/1500681571

https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

 

Wealthy line up to avoid taxes in future

After reaping the huge tax breaks of the Trump-GOP Senate, those who have made more are lining up at tax accountants to keep more. Even the pandemic did not slow down the riches flowing due to the Federal Reserve shoring up the bond/stock market. Some say tax increases are inevitable since the tax cuts for the rich have ballooned the deficit 29%. The wealthy uses several strategies to keep what they got from the Trump deficits. Real estate depreciation and business start-up expenses can shelter income. Converting IRA money to Roth IRA tax-FREE money works. Offsetting capital gains with losses and buying tax-FREE municipal bonds are used. Writing off PPP loans and using the opportunity zone investments strategically are more ways to pay less. Gifting highly appreciated assets saves taxes too. Most of us can take the less expensive route to avoid future taxes. Set up a legal Tax Shelter in 1 hour.

Use your IRS-approved account: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 

Is a “no-closing costs” refi right for you?

Yes there is a way to refinance your mortgage without closing costs at contract. No, it is not FREE. Someone must pay the appraisal, local fees, processors, etc etc—and that would be you. The costs are added to the principal. The simplest no-closing-cost refinance takes the amount that you would have paid during closing and tacks it onto your new mortgage amount. Your lender adds the closing costs to your principal, or the unpaid balance of your loan. This may increase your monthly payments but doesn’t affect your interest rate. You might also be offered a higher rate to cover the closing costs. If you still have a lower rate than now, you still are better off with a refi since rates have fallen. If you need cash, interest rates on mortgages are usually lower than home equity loans, which means that even if you take a slightly higher rate, you may end up paying less compared with another type of loan. Choosing a no-closing-cost refinance may make sense if you don’t plan on staying in your home for very long. But if you plan on living in your home for a long time, you may end up paying thousands more in interest by taking a no-closing-cost loan. Save by finding the facts BEFORE you sign. Research starts here.

Get 3 estimates: https://www.bankrate.com/mortgages/refinance-rates

 

 

 

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

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" 

 

 

President of the United States tried to overthrow our government

 

Dictator: “you’ll never take back our country with weakness”

 

House impeaches Trump 2^nd time: "incitement of insurrection"

 

Dictator gives sacred cemetery to mine-waste dam co

 

QAnon: “we all got played”

 

 

Our ‘Truth and Reconciliation Commission’? 

 

 

 

How Govt wastes our money:

Lucky 143 to give enough to dictator to get pardon or get out of jail? Drug dealers too.

Should the Capitol riot instigators pay the damages? Dictator has $billions; pays $0 taxes

Dictator trial will determine if runs 2024: Cruz & 147 GOP try coup again? GOP to stop voters

Domestic terrorists hiding in Congress: who gave the tours, opened doors, gave desk locations?

 

Dictator with $ Billions fears attacks: We pay $ millions for SS guards for his family & friends!

 

 

SCAMS/SPINS:

Terrorists plan: "to capture and assassinate elected officials," Justice Department lawyers say.

Trump support and belief in election fraud still strong: GOP still drinking Kool Aid

Trump terrorists dress like inauguration guards: many dictators use imposters to kill opposition

Terrorists attack Portland Dem HQ: no unity; reject Dem admin. prez; want revenge

 

12 army guards with ties to right-wing terrorists removed from inauguration mission

“More firearms were sold last year than in any previous year” 2^nd Civil War preparation?

 

Terrorist: “I’m a country boy: didn’t mean to bring gun, ammunition to D.C.” 500 rounds of ammunition

MyPillow owner wants martial law to keep dictator in power: stores ban Lindell products

Terrorists w/ illegal machine guns in Richmond: armed in camo garb: Only blacks get arrested

 

Ron Reagan: “Tear down this wall”: will Senate take Ron’s advice? Ron’s Stop the steal!

White Supremacy from FBI insider report: KKK was never this well organized

Pentagon to rid our ranks of racists and extremists: Black Sec Defense; 12 Guard out

 

Trump retirement party: military show: fighter jets/21 guns: distract from armed coup/bombing?

US looks like 3^rd world country: thousands of soldiers called out for terrorists across nation.

 

Ivanka Jared escape negative press: buying FL island home: not GOP defense witness

Trump vaccine reserve gone before Biden release: HHS: “not authorized to discuss the matter”

Biden can’t give 100 million in 100 days: no 100 million reserve left? Trump sent to Putin?

 

Owner Samaritan’s Purse ($622,252 salary) calls House members Judas (took 30 silver coins)

 

'Divinely Inspired' ‘trading’ by 2 convicts; $10 million Ponzi con; ‘20% riskless’ return; no jail

Kevin Brill MA caught stealing $600,000 from 3 family trusts; fake tax returns: prison

1st Alliance Lending caught misleading, using unlicensed sales, cheating, lying: only fine 

 

 

 LendUp Loans caught violating Military Lending Act  overcharging, misleading: no jail

COVID-19 Vaccine Scams a 'Growing Problem' Amid Slow, Chaotic Rollout

Ford Mazda recall millions for Takata air bag inflators defect

 

IRS: Easy Steps to Protect Your Computer and Phone and Avoid Phishing Emails.

IRS: Free special ID protection PIN goes on your return so scammers can’t take refund

IRS: Previous tax returns available online: https://www.irs.gov/individuals/get-transcript

 

Is it a scam?  Check AARP scamline 877.908.3360.

 

Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Check Social Security: https://blog.ssa.gov/

Safeguard data: ConsumerReports help: https://securityplanner.consumerreports.org/

 

Jobs

Amazon gives vaccine to 800,000 employees: facilitate shipping vaccines

Biden looking for tech specialists to fix processes in government

Check your credit scores BEFORE you apply: employers do credit check before hire

Sales jobs are virtual and abundant: sell yourself first—everything else is easy

 

Who owns your account now?

Rent assistance: apply for programs from your state: local help varies

Debt forgiveness: Cancel your PPP loan if less than $150,000. Form 3508S

 

Miracles:

We need a miracle. 3,000 die every day. 420,000 so far: 1918 pandemic killed 675,000

We need a miracle: 16 million people now claiming unemployment benefits.  

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

 

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

survive virus victim

 

New Year is time to plan ahead

Whether you are in retirement or near retirement, if you don’t have a plan you will not be able to survive. We are all living longer and so a plan is crucial to live well. The fastest growing age group is the age 85 to 100. The common myth: “Saving is a waste of time”. I used to believe this because when you save in a bank, your $250 a month is worth only about $67,000 after 20 years. Then I learned from my boss who invested in mutual funds that he had amassed $250,000. Every year you delay starting to invest costs you $thousands over time. Sure, you might be able work past your assumed “retirement” age. But what if you can’t? Will you live well or just survive? A low-cost stock index fund has grown at 11% over time so your money doubles every 8-10 years. You must leave it alone to compound. This Miracle of Compounding is the secret Warren Buffett cites: “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” And now you can use an IRS-approved trust that makes all your earnings FREE of income tax for the rest of your life. We must plan ahead. Social Security will cut benefits by 2034 and income taxes will have to pay for the deficit of $40,000 each. Taxes don’t go down for us. The two things that will determine whether you have enough later on are taxes and living expenses. Let time work the miracle.

Let's start today. https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

 

Rebuilding our lost savings

More than half of us are dipping into our savings, with 60% using our IRA and 401k accounts to get us through the difficulties we are facing from the coronavirus pandemic. How can we rebuild our savings? Thousands of books are sold with the ‘secrets’ to investing. Each day a new TV guru provides a list of stocks that will ‘make you rich’. When you research the VALUE of these ‘secrets’ for you, you find a mountain has been built from a grain of truth for that time/place. Yes, if you had purchased Apple, Amazon or Tesla at their beginning, you would be rich. But few actually put their hard-earned savings into those companies early on. Instead of taking advice from the current gurus who get paid well to entertain with ‘success’ stories, let’s listen to the unbiased wisdom of multi-billionaire Warren Buffett. His advice is simple: buy and keep buying a low-cost stock index fund like Vanguard’s 500 fund. This was the fund he used to beat 5 hedge funds picked by a Wall Street guru. From 2008 to 2017, the index earned 8.5% vs 4% per year. A $100,000 investment at the beginning of 2008 would have more than doubled to about $225,586 by 2017.

Invest wisely: https://www.amazon.com/Warren-Buffetts-Investment-Secret-Steeple/dp/1484189809

 

Trump left us with tax-FREE account

A positive for Trump’s legacy is an IRS account that allows us to grow investments and spend compounded earnings without income taxes. You may not have started your life with a $100-200 million boost from your father like Trump, but you can create your own tax-FREE stream of income like his. Clearly the Trump tax plan helps businesses and the wealthy. There is no reason why you cannot benefit from the tax code too. It eliminates taxes when taken out for your needs and can pass to your heirs totally tax FREE. No matter what your income, this helps you avoid future taxes to pay off the national debt. You can build a $1/2 million fund by investing $250 a month over time. You can use the tax laws for your benefit like the people in the top 1% income bracket do!

Set up your Tax Shelter in 1 hour: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 

Have tax forms; will file for FREE

W-2, unemployment, SS benefits, IRAs, pensions, RMD, brokerage, etc. If you have all your forms, file for FREE online. Usually filing your state return costs as little as $15 unless you buy the Pro helpline. Avoid $300-400 paid preparer fees—new IRS forms mean higher fees. Unemployment insurance is TAXABLE on the Federal income tax return; not on some state returns. Some states do not tax your SS and pension benefits. Retirees did not have to take their RMDs in 2020 so taxes may be less: it was a good time to convert IRA to Roth IRA for tax-FREE future. Unless you were self-employed, you can’t deduct home office expenses of working from home. Some states continue the health insurance mandate and penalty unless you have an exemption. Since the IRA contribution deduction has no age limit now, you may reduce your income/taxes by making a contribution of up to $7,000. The standard deduction went up to $12,400 single; $24,800 joint. Jan 15 last day to make 2020 estimated payments. You have to report your April/May and December/January stimulus payments even though they are not taxable. Some of us receive a bank credit; some a debit card; some a check. Even if you don’t have to file, you should file so scammers can’t use your SS number to mess up your IRS file. Tested E file software ratings.

E file avoids covid at your preparers’ office: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

 

Will your family be able to live if you are a virus victim?

Many parents are concerned about the survival of their families if the Covid spread continues in ’21. If 4,000 continue to die every day, this becomes a real threat. Half those who spread the virus have no symptoms so exposure is almost inevitable. We still don’t know which folks will suffer severely and which will have flue-like symptoms. Since many of us don’t wear masks or take precautions, we must assume we are at risk in any crowd. During this pandemic, many of us are seeking life insurance coverage. Life insurance is very easy to buy but higher levels of coverage—coverage for your family to live through this crisis—requires a blood test. This is how some of us find medical problems we didn’t know existed. The industry is offering ‘no test’ coverage for lower amounts. For those in good health, a $500,000 coverage lasting 10 years can cost as little as $20 a month. Premiums rise with age and health concerns. You may have lost your term coverage when your employment ended.

Check now while you can. https://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178

 

 

 

 

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

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" 

 

 

President of the United States tried to overthrow our government

 

 

House impeaches Trump 2^nd time: "incitement of insurrection"

 

FBI: 36 most wanted Jan 6 terrorists

 

Self-coup like Napoleon’s 1851

 

 

Our ‘Truth and Reconciliation Commission’? 

 

 

 

How Govt wastes our money:

Biden reverses Trump stockpiling vaccines to help more of us avoid 4000 daily deaths

Millions of $600 credits sent to wrong banks: Turbo? Others? Must wait longer!

GOP tax cuts for rich: our debt has increased almost 40% in the past four years. We will pay it.

Hospitals dump vaccines since health workers don’t want it: seniors turned away

Even a gorilla troop caught it: strain very contagious: Covid deaths 400,000 4,000/day

 

Curative COVID-19 PCR tests not consistently accurate

Our govt wasted $10,000 each of our money on stupids: soda bottles called ‘test tubes’

Supremes start reversing women’s choice: Roe v Wade decision targeted by Trumpers

 

1 million new unemployment claims filed Jan week: need massive infrastructure effort

 

SCAMS/SPINS:

Terrorists plan more attacks: Jan 20 is next target in this holy ‘war’ against US.

Terrorists don’t understand employer/customer backlash after Trump’s insurrection

Terrorists recruit via Facebook: neo-Nazi politics within the global network.

Terrorists had inside Capitol help plan overthrow: 3 GOP conspired with leader Ali

 

Terrorists claim antifa (antifascists) stormed Capitol: ‘blame other side for own bad acts’

Terrorists moving communication to Telegraph: follow which Capitol attacked next

Terrorists wear Guard/police gear to breach Inauguration? Trump still ‘Commander’ 

Terrorists even had plans of the tunnels/entry points for “war” on Capitol: FBI ignored

 

Commander in Chief impeached again: GOP breaking up: Mitch lost: follow the money

Chiefs remind military: “insurrection on Capitol was an anti-democratic, criminal act”

Sedition task force has found many suspects in coup: planned ‘war’ motivated them

 

House security: “wasn’t comfortable with the ‘optics’” of alerting Guard: Trumpists? 

GOP calls to Trumpists for help end coup rebuffed by Jared, Ivanka: watch TV 6 hours

FBI VA warned of ‘war’ at Capitol: Officials deny; others claim intelligence failure

Senate takes another vacation to avoid Trump trial: Mitch fears Trumpists revenge

 

Rick Snyder fmr gov MI caught neglect poisoning Flint water; 12 die: $1,000 fine no jail

Michael Stepanek, caught running over protesters for “attitude adjustment” no jail no fine

Oportun Financial caught loan overcharging gregious debt collection practices 

Scammers use SS logo, titles, badge numbers to ask info for probe: check with SS first

 

Scam Chase users: “We detected some unusual activities on your account and as a security measure we have locked it.”

Thomas Robbins Daniel Merriman caught selling unregistered securities in strategy con

Justin Robert King CA caught offering interest in his bogus firm; $4 million fraud

 

Multivitamin little effect on health: 'benefits' might just all be a trick of the mind: potion

Drugmakers raise prices on 500 drugs: Humira up 7.4%, Revlimid up 4.5% Opdivo up 1.5%, Eliquis 6%. CEO raises!

Caddy that flies and drives itself: Keep your eyes on the ‘road’

 

Savior sent by god to save ‘Christian’ America for ‘true’ believers: miracle for 2^nd term?

 

BEWARE: Work from home scams: fees, shop, data entry, pyramid sales, stuff, net sales

 

Appliances with problems: Viking, FisherPaykel, Amana: Better: Whirlpool, KitchenAid

Big problem cars: Volvo (China), Jaguar, Land Rover (India), Chrysler (Italy)

Cable costs went up: are the services/shows worth it?

Sales tax scam: Resale certificate helps wealthy avoid sales tax: seller helps avoid taxes

 

Poor Mel T: “gossip, false and misleading statement on me”? Sounds like Don texting

Widow of GW bridge jumper can sue since locked access can be climbed over by jumper

Detroit to sue Trumpers who tried to overturn MI election: cost to defend election result

Trump refuses to pay Giuliani for failed election challenges: will face suits need him later

 

Graco car seats, Speed Stick, Keebler, cashier seats, terrorists’ jobs, opioid suit,

Save on car insurance: virus means less miles; less premium. Shop pay by mile

 

 

IRS: Easy Steps to Protect Your Computer and Phone and Avoid Phishing Emails.

IRS: Free special ID protection PIN goes on your return so scammers can’t take refund

IRS: Previous tax returns available online: https://www.irs.gov/individuals/get-transcript

 

Is it a scam?  Check AARP scamline 877.908.3360.

 

Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Check Social Security: https://blog.ssa.gov/

Safeguard data: ConsumerReports help: https://securityplanner.consumerreports.org/

 

Jobs

Places with wider mix of people in science, technology, engineering math jobs than most.

Prepare for jobs that will be in future not in past: more remote; more digital; more tech

Priests needed but still only man’s club: Pope allows women role in Mass already have!

Paycheck Protection Program PPP small biz loans: SBA will forgive loans if all employee retention criteria met

 

Who owns your account now?

 2020 was shorter than previous years - Earth is spinning quicker than it has in decades

Mortgage shopping: check on what your creditors are saying/selling about you.

Forbearance and refinance: help mortgage relief mortgage assistance CARES Act

 

Miracles:

Thakur told Trebek he learned English watching "Jeopardy! as a child in India. Thanks Alex!

Global warming: Spain covered in snow?  Weather patterns are changing. Heat in 2020.

Retailers: keep those items you do not want: too expensive to return them

Veterans make statement countering those in the coup: march to clean up their mess

 

One Good man holds back terrorists trying to take over our government: GOP enablers

 

Lying over: right-leaning talk-radio hosts told to cut election fraud rhetoric by owners

Bill Belichick coach Patriots declines Presidential Medal of Freedom offer from Trump

Climate change taking its toll on insects and sharks as precursor to human tolerance

 

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

 

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

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www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/