Friday, August 23, 2013

Show your child how Warren Buffett invests $100

Where can your child invest $100 now? Show your child how Warren Buffett invests
*Teach your child to invest the Buffett way.
*Success with money starts early.
*Compounding over time assures your child of security.
You have a great opportunity to teach your child how to become successful with money. They can learn to take care of themselves and even become wealthy from your guidance TODAY. Warren started with his paper route money and now has $60 billions.
      Only $9.95 by Law Steeple, author, The Miracle of Compounding

 Annuity you inherited just got better!
The IRS released a Private Letter Ruling (PLR 201330016) that enables the beneficiary of an inherited annuity to use a tax-free Section 1035 exchange to move the funds to a new insurer’s annuity that better reflects the beneficiary's needs and investment objectives: Annuity Laddering: Inflation-proof Retirement Income  http://www.amazon.com/books/dp/1484849663

Obama formula working
The U.S. trade deficit shrank sharply in June as U.S. exports reached an all-time monthly record high. The gap is the smallest since October 2009. The Congressional Budget Office forecasts that the deficit could drop to 4% of GDP for the fiscal year ending 30 September. Deficit was cut in HALF from Bush high of 10% of GDP in 2009.

ObamaCare subsidies help HALF insured pay for coverage
About half the people who now buy their own health insurance — and potentially would face higher premiums next year under President Barack Obama's health care law — would qualify for federal tax credits to offset rate shock, according to a new private study. People can enroll starting Oct. 1, and coverage becomes effective Jan. 1. Most people currently covered by employer plans are not affected. Policyholders' annual out-of-pocket costs will be capped. Insurers will have to cover people with pre-existing medical conditions, whose needs are costlier to provide for. Policies must provide certain standard benefits, including prescription drugs, mental health and substance abuse treatment and rehabilitative services. Buy only what you need and save: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Cell phone just got more expensive: CELL TAX 
Look for a new tax on your monthly cell phone bill to pay for a plan to put WiFi in more classrooms. What happened to the 3Rs?

Fee-for-advice broker decides to push own products
Edward Jones plans to start selling proprietary investment products in a sharp break from the past. Jones use of proprietary funds is contrary to its long-stated message to its financial advisers to rely not on proprietary products but instead on a cadre of outside money managers. Independent investment advisers routinely touted the absence of proprietary products from their platforms as being in the best interests of clients. Now that competitive difference is gone. Better results with low-cost funds WITHOUT Wall Street: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

Insurer pays you to eat right!?
Independent Health wants you to eat more fruit and vegetables and is making it worth your while. The insurance carrier is teaming up with Tops Friendly Markets on a rewards benefit that offers its members money back every time they buy fresh produce at the supermarket chain. For every $2 that eligible Independent Health members spend, they'll earn $1 to spend later at Tops grocery stores, an incentive intended to spur people to eat more carrots and broccoli and fewer pork rinds and doughnuts. BlueCross BlueShield of Western New York doesn't have a supermarket-based, money-back program, but it does have a "robust discount program" that covers health, wellness and fitness programs.

Employers cut spouse health coverage
A growing number of companies are looking to clamp down on rising health care costs by dumping coverage for their employees' working spouses. Others are requiring their workers to pay extra money to cover a spouse who could get health insurance elsewhere. And some may even consider making employees pay the full cost of insuring their children. Denying coverage for a working spouse who has access to other health insurance is an extreme example of how companies are trying cut costs, experts said. But many others, such as PNC Bank, are imposing a surcharge on their employees' spouses. http://triblive.com/news/adminpage/4540022-74/health-spouses-costs#axzz2cne7pz2t


SCAMS           “Deficits don’t matter” Republican godfather, Dick Cheney, 2002

Welfare for the rich
Our “representatives” support their friends’ tax loopholes in secret. Taxpayers, who pay for them, are not allowed to see who supports which corporate subsidy. Loopholes are marked secret for 50 years so we can’t know who pays for whom. The real business of Washington is to stay hidden. Sen. Baucus and Hatch are assembling this list of loopholes for the Senate. This is not a democracy. How can we judge these people if we don’t know what they are doing to get elected? Who is paying them for subsidies and loopholes?

White-collar crime: Hide $6.2 billion and don’t even get charged! 
Two former JPMorgan Chase employees are facing criminal charges related to the trading scandal that cost the bank $6.2 billion last year, but the trader who earned the nickname "the London Whale" and was at first most closely tied to the scandal is not one of them. 

IAN
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