Is an unbiased financial mentor right for you?

How can a parent assure their child of a bright future?

You just don’t know how your child will turn out. Will they have enough money in the future given that the GOP is threatening to cut Social Security and the individual national debt is already $80,000 per person? No one knows what will happen when they are older. It would be great to start now with a small savings/investment account since it is time and not the amount that helps people become rich. Unfortunately, young people don’t learn about compounding in school so they don’t know what $50 per month can become over time. If invested in a low-cost stock market index account when they are born, it becomes $4 million by age 65. If they start at age 20 it will take $750 a month to reach $4 million. And if you use the tax-free Roth IRA for them, the money is free of tax. All you have to do is put the account on automatic and don’t tell them about it until later.

Give them a head start: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Is “smart beta” investing right for you?

New fad: growing interest in sustainable “smart beta.” In case you don’t follow the most recent Wall Street hype, that means investment portfolios that say they offer the benefits of passive strategies combined with some of the advantages of active ones, placing it at the intersection of efficient-market hypothesis and factor investing.^[1] Here is the pitch: “Recent events have heightened investors’ focus on environmental and social factors, international cooperation and their potential impact on the financial markets," said David Harris, the group head of sustainable business at the London Stock Exchange Group, the owner of the FTSE Russell. "Given these large-scale shifts, combining smart beta with climate and sustainability priorities could become an even bigger trend for asset owners."

In English, smart beta funds claim to beat a traditional index fund by the owners making stock/sector selections based on their own guesses. With this, fund owners are trying to recapture simple index investors. We are still left with marketers thinking they know where the market is going. A “smart” investor knows this marketing trick.

Go with a proven sage: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Billionaires use tricks to avoid paying fair share

Robert Smith is investigated for taxes owed on $200 million that was moved through offshore entities. Like many corporations—Apple, Google, Amazon—the wealthy send money through countries with low or no taxes to avoid paying for the benefits they receive from US. Smith and his associate, Robert Brockman allegedly use offshore entities, trusts, and foundations to hide their dough. Tax havens include Caribbean countries only a few miles away in their jet. Good tax lawyers are expensive so you will need millions to start. The wealthy have been avoiding taxes for years. Even those running for high office use tax havens: Bloomberg, Romney, and Trump. The tricks are working and now a few wealthy people own over 20% of all wealth, up from 7% in 1978.

Use the only legal tax haven for workers: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976 

How do the wealthy increase their wealth?

Since the 1970’s, the middle-class has been losing their means of growing wealth: their savings from their income. The wealthy do not need to work more hours or more jobs to increase their income and assets. Once they own assets that produce income, the assets can grow on their own—the miracle of compounding. People like Tim Cook or Warren Buffett don’t work for wages but stock in tax-advantaged accounts. In fact wage income is taxable. Their assets grow without taxation. Assets are taxed ONLY when sold. The wealthy use loans to pay for their expenses. Loans are not taxed. Remember Trump’s boast that he pays NO taxes yet he is a billionaire with real estate income. He claimed a $1 million loss on his 1995 taxes that really consisted of defaulted loans and bankrupted businesses not an actual personal loss. He used his poor business management (6 bankruptcies) to avoid taxes for up to 18 years. The wealthy own stocks that do not pay dividends because dividends are taxable. So they may own Buffett’s own BRK.a at over $300,000 a share because there are no dividends. Buffett uses the dividends of the companies he owns to buy more companies. Early investors with Buffett are now billionaires and pay no taxes because they never sell their assets. They borrow to pay expenses. Clearly, Americans support those who have done well. Our tax system favors those with money even for the kids. Our reps are beholden to the big companies and the wealthy who finance their elections. However, most companies and wealthy don’t pay taxes—we pay their taxes. We pay for the roads, courts, and police they use. Stop paying their taxes!

Learn the tax credit system: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Is an unbiased financial mentor right for you?

Where can you find unbiased financial information? Some lucky folks have a mentor who helped them get past the recent virus-initiated market drop. They have seen what a friend or colleague has done with investments and followed their lead. Successful people have learned how to cope with money over good times and bad. They claim they don’t even look at their 401k and IRAs because they have been through it all before. They made good choices early on and have kept a steady path since. Unbiased mentors may decline expensive trips which they don’t mind explaining to folks at work. I got my start that way when my boss at the NYC Health Department showed me his Magellan fund statements in the 1980s. Despite the fees, Peter Lynch the manager was creating 29% average annual returns. My boss got me started in IRAs and 403bs not a brokerage account. My mentor showed me that I would never catch up to my goal if I waited to start investing. He showed me charts: https://money.usnews.com/investing/investing-101/articles/2018-07-23/9-charts-showing-why-you-should-invest-today. Time is more important than the amount he said. Of course once I began to see the account grow, I added more. Then my wife and I started a mortgage down payment account. Like others I fell victim to the advice to buy a universal life insurance policy for savings. I finally cancelled and switched to a term contract—using the old premium to fund my IRAs.

Use an unbiased advisor: https://www.amazon.in/Unbiased-Advisors-Network-Helps-Tax-free/dp/1470106841

Is your advisor pushing the new ETF model strategy?

Known as model portfolio investing, it’s a booming corner of money management in which the fund companies bundle funds into ready-made strategies. Basically instead of advisors creating a unique stock portfolio for you, they are using pre-selected ETFs (index funds) in a standard configuration or model for growth, income, preservation, etc. In a sense, they are avoiding the risk of picking the wrong individual stock for you by using an index. As John Bogle, founder of Vanguard, used to say, "Don't look for the needle in the haystack. Just buy the haystack." The “new” model portfolios are really the old Target Date Funds re-packaged by fund companies for profits: growth for younger; income for older and everything in between.

Buy the Best for life: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

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

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

Philly DA: we have an “authoritarian dictator."

Dictator: “we will see what happens” on election loss

Dictator: police state at polling places

Dictator’s judge cancels IA ballots

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy! 

IRS revises Form 1040 instead of opening mail: returns/checks left unopened since March

Trump mob all voted to separate kids from parents 2018: People will hate us for a long time!

Gov can’t even stop robocalls let alone virus, coal subsidies, fires, senior scams: on vacation

Trump waives 3,000 pollution monitor rules: more pollution makes virus symptoms worse

Right-wing religion gets virus $ millions to fund personal ministry benefits: colloidal silver ‘cure’

Another Trump cure for virus: “save countless lives” using other people’s blood: biased results

We paid $900,000 to TrumpWorld for his 270 luxury clubs MarLargo: 1^st prez to top $1 million

SCAMS/SPINS:

PO workers told to NOT reconnect mail sorters: Trump wants mail lost: late invalid votes 

Many states plan close advance vote and polling places: GA voters took 8 hours in line

PO vows to deliver “mail securely and on time" but “on time” is after Nov 3 Trump says. 

Trump seeking to ban ballot drop boxes to bypass PO’s planned delays: More lost mail

Robert Duncan Postal Service board of governors now agency of Republican National Committee

How can I ensure that my ballot is not rejected? 534,000 mail ballots were rejected so far’

Trump has PO telling us lie: “Customer requested mail held”: Trump trick to slow mail delivery

Trump now in charge of virus testing labs not FDA: his new/innovative tests not reliable

Drug insiders have taken $1 billion from us but vaccine not any closer.

57% of Republicans find 176,000 coronavirus death toll in the U.S. ‘acceptable:’ poll

Republicans have no party principles except one: believe in Dictator: “I alone can fix it.”

FL Gov DeSantis’s order in-person school during pandemic: ruled unconstitutional.

Trumper Bannon working with $Chinese$ asylum seeker: Trump does not have ICE deport him 

Sean Premock FL defrauding clients out of their life savings; promised low risk. prison

David Coggins Coral Gables defrauded investors by misrepresenting fund performance

Mark J. Boucher CA stole $2.2 million with fake letter, statements, fake bequest

PHLoans caught offered VA loans with false, misleading, and inaccurate statements

Go Direct Lenders caught misleading VA borrowers regarding credit terms, rates. No jail

Ease of trading has turned trading into a cultural phenomenon to lose money: “too easy” 

Trump lets Wall Street devour retirement savings: gambling can take our nest egg fast

Fake ID scams can ruin your credit report using genius-level method: Check yours Free!

PayPal student loans carry 24% interest so we will never pay them off: 6 mo teaser

Scammers steal $ millions and pay $1 penalty when caught: Trump’s new CFPB agency!

“Accredited Investor”: changing definition to rob 401ks: private equity too risky for us

No new taxes: Biden plays the same song as Bush I: song never worked with rich

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

Jobs

Polling workers in short supply: check your county voter registrar

Rent due without the money or job? Find help: 10 steps to survive

College rankings by how much you earn after college: Some state schools do well.

Who owns your account now?

Man who claims “king of debt” put US over the line: your family’s share is $ 426,824+

Investment fees may be killing your future: Cut fees in half and double your future egg

Kabbage to American Express: Biz payments, cash-flow, financing fintech

Miracle:

HALF million votes not counted: too late, no signature, no match: no good

“Wealthy hunter types” may save the Alaska salmon region--Junior: “fragile fishery”

No one killed: Far-right extremists: armed terrorists fire on Portland protestors

Neighbors stepped in to help couple save their home after townsfolk complained

Teens fight discrimination by helping those in need: they overcome bias with love

Republicans for Biden: “save their souls” from evil deeds: cage children, pollute

Why teachers care: required to work in unsafe conditions means quit or ill or die

$7 glasses for people who know what they want and don’t want to spend $600.

He ate the whole thing: https://twitter.com/animalsworid/status/1296104746772656130

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

Expecting negative returns in 2018?

Are you expecting negative returns?

This year is on track to deliver the lowest share of positive returns adjusted for inflation across 17 major asset classes since 2008, according to Morgan Stanley. Too bad. Our clients have stayed with their balanced portfolios because we can’t predict the future of the markets. This is a snapshot of their returns so far:

Total Return Fund Long-term Return Longevity

YTD 2018*                              2017

10.2%                                      21.7% 500 Index                     11.1%* since 1976

 7.9                                           3.2% Energy                            10.7% since 1984

10.4                                          17.9% Extended Market          10.9% since 1987

13.2                                          19.6% Health                           16.5% since 1984

 3.5                                           42.9% International Growth     10.8% since 1981

14.3                                          29.5% PRIMECAP                 13.9% since 1984

10.5                                          16.1% Small Cap Index           10.7% since 1960

 0.1                                           10.2% Wellesley Income          9.9% since 1970

 3.1                                           19.1% Windsor                       11.5% since 1958

 6.3                                           16.8% Windsor II                    10.8% since 1985

 8.0%                                       19.7%                         Average 11.7%

*9/26/18                                   Average Annual Returns as of 12/31/17.

We take Warren Buffett’s advice: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Is ‘interactive’ life insurance right for you?

Your annual physical is no longer enough for one insurer. Now they want your ‘lifestyle’ data on a continuous basis or you can’t be insured. Hancock says. The Hook: policy holders are incentivized to adopt healthy habits and pay fewer premiums. On the other hand, insurers may eventually use data to select the most profitable customers, while hiking rates for those who do not participate. And can we trust them to provide the discounts or even pay benefits? MetLife and other insurers stopped looking for beneficiaries so they could keep the death benefits. If the beneficiary does not keep in touch with the insurer, they lose. Life insurance is NOT an investment anymore.

Make sure you need insurance first: https://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178

Are you overpaying for car insurance?

This graphic shows the average costs per state for min and max coverage. Are you where you want to be? You may be paying for benefits you don’t need, like life insurance, towing, or full replacement. You may not have claimed all the discounts you deserve. Unfortunately, insurers don’t ask about the items you can qualify for since it reduces their commission. You have to ask to have life and health care insurance removed. If you have this coverage already, you’re wasting your money with a car insurer. Some add accidental death and disability insurance to your premium. Do you know when NOT to make a claim? If you don’t shop around, you never have the benefit of new client discount. Securing your discount adds up year after year.

https://www.amazon.com/Industry-Insiders-Guides-Buying-Insurance/dp/1466435712

Which Medigap plan is right for you?

Look closely at your supplement plan. Plan F will cease in 2019. The existing Plan G may be a better deal for you. Consult with your doctor and your records to see what you really need. Plan G provides the most benefits but at higher prices than others. For instance, you get limited foreign travel medical assistance included. Frequent co-pays get expensive. Can you switch to generic drugs? One agent says: “You save about $350 a year on premiums, so it makes no sense to buy F to cover the $183 deductible.”

Do your research: https://www.medicare.gov/find-a-plan/questions/medigap-home.aspx

 Is your Medicare Advantage plan denying service you’re due?

Auditors have found “widespread and persistent problems related to denials of care and payment in Medicare Advantage,” the report said. The fixed per-patient rates the government pays may give plans “an incentive to deny preauthorization of services for beneficiaries, and payments to providers, in order to increase profits,” the report said. Enrollment doubled over the past decade. One-third of Medicare patients are now covered by the private plans. In 2016, the plans denied 4% of requests to approve treatment before it was provided, known as prior authorization, and 8% of requests for payment after treatment. Only 1% of patients disputed the insurers’ denials. Most disputes changed denials to approve. Most plans provide additional coverage, such as vision, dental care, and prescription drugs.

Always dispute a denial: some plans reverse 98% of the time.

Who is this Mueller guy anyway?

He never speaks but his pen speaks for him. 35 so far. ‘Witch hunt’ has 191 criminal charges by this duly-authorized former FBI chief of the investigation. What happened to get Trump elected will require a simplified 2 hour movie to explain all that went down with this ‘Russia’r Trump’ thing. This investigation may be more important than the Nixon termination event. As happened then, our democratic principles are at stake. After all the voter suppression, can the people of America vote to put us back on track? Are our votes counted fairly? Can our Reps govern? Can the FBI do its job? Does donor money control every election? Do we outlaw all the money? How much power should the president have?

Will the middle class survive? https://inequality.org/facts/income-inequality/

Is a ‘Retirement’ bond right for you?

The retirement bond would not pay back the principal; instead, after 20 years, it would become more like a deferred annuity paying a stable, secure income—but investors would get more bang for their buck. Martellini says the retirement bonds could be offered as transparent, low-cost products that are easier to get out of than a typical income annuity. Someone five years from retirement today, a 61-year-old, would be buying 2023 retirement bonds. The bonds would start paying cash in 2023, and continue paying for 20 years. If launched, the new retirement bonds could be offered in lieu of bonds or annuities to investors. “Annuities are opaque, costly and mostly irreversible unless you’re willing to pay high surrender charges,” says Martellini. Most retirement investors want security and a guaranteed stream of income, but they also want the flexibility to adjust their investments and their potential income stream over time. But most bonds lose value over time so buying a bond locks in low income payments.

Buy Income and Growth Combo: https://www.amazon.com/Combo-Annuity-Guaranteed-Income-Growth/dp/1493572237

How much emergency cash is enough?

Savings, CD, MM, credit cards or bond fund. Which is best for you? Some propose an employer plan with paycheck deduction like a 401k but with no penalties. Actually some can do this now with a Roth 401k. You get tax-free growth for life and you can take your contributions out anytime without penalty. A short-term corporate bond fund like VFSTX will rise with rates. CDs are tricky since rates are rising so keep away. Or perhaps your best alternative is a HELOC. If you have equity in your home, you can obtain a line of credit for rainy day. Home worth 300,000 and you owe 150,000 you may obtain 50,000. With no closing costs and interest charged (current 5%) only when you use the line, this a perfect ‘emergency’ fund. You can leave your retirement money alone to grow. As long as you don’t misuse this money, you won’t lose your home—HELOC is a 2^nd mortgage.

Don’t fall for your broker/advisor illiquid products: https://www.amazon.com/Avoid-Scams-Brokers-Advisors-Sender/dp/1726328023

Do we go backward or forward with wages?

Most Americans say they are NOT benefiting from the $4,000 Trump promised. Most feel that Trump helped his class—giving us higher tax bills in the future to pay for all the cuts in revenue in the next 10 years. Corporations got to keep all their subsidies, grants and special financial deals. Average homeowners in CA, NY and NJ are not able to deduct their property tax so anyone with a single family home will pay more. Those who own the mansions have put the property in a legal entity to keep the deductions like The Don’s home in Trump Tower—all deductible. Because half of workers are not skilled they earn what they earned in the 1970s-80s adjusted for inflation. Plus health care costs rise and Obama subsidies were cut so many will go bankrupt with illness. We have no infrastructure works program that could employ those workers. Is going backward right for America?

Last time unskilled workers were left stranded, America did not abandon them. They got work building many village halls, dams, bridges, etc. We had hope because we were moving forward with a little help from the feds. 8.5 million of our fellow Americans had work and it paid off. Now most of the subsidy money goes to the wealthy class.

Move forward: https://www.amazon.com/Americas-Socialism-for-Rich-not-little-people/dp/1535218584

Another way the wealthy avoid their fair share

Trump’s new tax law changed the AMT—alternative minimum tax—so that many rich people will not have to pay it. Treasury gave us this tax after it was determined that 155 rich people paid no tax in 1966. Americans were outraged and Congress added a tax. AMT was born in 1979. Millions of rich people had to start paying their fair share under Reagan. Now Trump and his tax-credit class have got CPAs maximizing retirement contributions, funding a health savings account and making investment account adjustments where it makes sense to take the losses for use against gains. “After that, we go for increasing charitable contributions,” an observer added. You don’t need a CPA.

Use your tax-credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Homeowners in Dem states plan property tax limit workaround

New Jersey has set the rules for how residents can make an end run around the $10,000 federal limit on state and local tax deductions. Unfair treatment compared with other states is at stake. The average home in NJ is assessed $18,000 tax. Each jurisdiction can establish non-profits to collect taxes for education, fire, police, libraries, trash pick-up, road repair and other local services making them a charitable deduction. “If and when the IRS finalizes its rules, we’ll see them in court,” Attorney General Gurbir Grewal said.

****************

Make America, “The Don”, Great Again

Senile Psychosis

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

McGahn is ‘lodestar’: Told Trump ‘NO’ - saved Mueller!

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!

Is Medicare for All the answer? Obama Trump could NOT stop the rise in health care.

House on vacation again: no work no pay! Save $ millions—half are already millionaires.

SCAMS/SPINS:

Trump tax cuts went to the wealthy—some middle class actually pay more: voters wise.

Drug prices manipulated due to shortage and shortage created by drug firms: addiction.

Is your ride popular with thieves?

Social Security sends email; NOT call for information—never give callers your info.

Non-bank lenders playing the same role as in 2007: could melt-down happen again?

Trump raising the price of heating oil and gas with tariffs and Iran boycott.

Neil Maxwell CO caught investing funds without telling clients he did it.

Voya caught giving criminals passwords to 5,600 client data. Fined $1 million. Fees rise.

Philip Roesel caught using fake caller ID number to trick us 21 million times. No Jail.

Half of cellphone calls scams: fake directed at most vulnerable of us. Feds do nothing.

Suicide by cop: Everyday people with guns kill co-workers and get cops to kill them.

This is why Wyatt Earp in Tombstone took people’s guns when they came to town.

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Why is Trump surprised when the world laughs at his ridiculous narcissistic statements?

Trump: I fear #METOO Movement. “It’s happened to me many times.” “I grab p__y.”

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Jobs:

$73,000 driving for Walmart: Congress changing law to age 18?

Are you sure you want to keep out all immigrants? She is 7 and the next generation.

Who owns your account now?

Identity theft protection is free: Freeze your account so thieves can’t buy in your name.

What to watch to avoid cyberattackhack/theft: think like hacker—what can go wrong.

Genetic test: insurers can use it for genetic discrimination : results vary by company.

Your business self-insured for health care? Cut out the middle person.

OppenheimerFunds to Invesco Ltd.

Royal Bank of Scotland is changing its name to ‘Bo’ ?????

Miracle:

A tiny clip in your heart can save you but it costs $30,000: doctors/hospital extra?

Good Samaritan helps stranded car but then evil comes.

Two heads are NOT always better than one. Anything can happen and does.

IAN

41 Watchung Plaza, B242

Montclair ,  NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

Did you lose money by selling?

Did you lose money by selling into the down market?

Most Vanguard mutual fund owners did not follow Wall Street’s advice to sell to avoid losses. Amid concerns that passive index fund investors would sell out of their positions at the first sign of a correction, clients at Vanguard showed little response to the stock market volatility of the past few weeks. Long-term investors (not speculators) don’t panic. They don’t do brokerage program trading. Vanguard announced that it had passed $1 trillion in 401k plan assets as of the end of 2017. Vanguard’s advice: Stay diversified.

      Tune out the noise.

      Control what you can—costs.

      Revisit your asset allocation.

      Set realistic expectations.

Maybe we all should listen. Stocks are on sale: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Why did Trump claim his wealthy friends hate him for the new tax law?

Most tax analysts say he lied about this claim. In fact, some project that Trump saved himself over $11 million with the stroke of his pen. The new bill allows people to deduct up to 20% of the income they get from pass-through businesses. Real estate investors like Trump obtain special benefits from the law. Most of Trump’s friends will benefit greatly from the elimination of the AMT and estate tax. Using estimates from his 2005 return, Trump would save $31 million each year. Plus his wife and kids get to spend all of the $3-10 billions he leaves instead of just 60% of his net worth. Wow, that is huge for most of his friends. We must conclude that Trump’s statement was ‘fake news’—he and his friends will pay less for years and run up our debt so much that we will need to pay more taxes after 2026. His plan gives permanent breaks to friends but ours would end in 2025.

Protect your future income using an IRS Tax Shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Many corporations close US locations even with $millions in subsidies/incentives

Trump promised to bring back or save jobs for those with skills of the old America. But even after receiving tax-breaks, perks, subsidies and incentives of over $10 millions, Harley-Davidson will close its Kansas plan despite pleas from Congress. Why? Sales are down. 1000 of people will be affected. This was their American Dream—work for a great American company and enjoy the community built over the last 20 years. Even with foreign sales growth, net income plummeted by more than 80-percent in the fiscal fourth quarter of 2017. The Kansas output will move to York PA’s plant. Trump can do nothing about the changing demographics of customers. Take Intel chips. Why expand $5 billion plant in Israel? Disruptive change continues to benefit a relatively small group of mega-cap companies with dominant technology platforms. Robert Reich has pointed out that those who have lost their jobs to foreign outsourcing or labor-replacing technologies are unlikely ever to get them back. One study find that trade with China and the rise of robots are to blame for millions of the missing jobs. Other popular scapegoats, such as immigration, food stamps and Obamacare, did not even move the needle.

For those who found new jobs, the pay is awful. For instance, Ford will add 1,200 jobs in Chicago at HALF the pay current workers made when they started. Many people will lack the money needed to buy all the goods and services the economy can produce. The economy will slow and the Trump tax revenue will not meet his promises. Our taxes will need to go up to pay for the wealthy tax cuts.

Protect your income: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

Buffett’s SIMPLE investment strategy beats Wall Street’s best traders

He beat Wall Street ‘professionals’ with his strategy of just owning the market. Buffett's index fund gained 94% over 10 years. Protégé's selected funds gained 24%. His strategy provided over 11% since 1976. Your money doubles every 7 years. The Master of investing, Warren Buffett, proved it, again. You do NOT need Wall Street 'professionals' to reach your financial goals. In fact, if you use them, you may give up 63% of your potential accumulations because of trading, charges, commissions and fees. Buffett’s SIMPLE strategy earns over 11% per year. DALBAR keeps track of returns and found that the average managed-account equity investor earned just 3.79% a year over 30 years. The benchmark returned 11.06%. You and I can start beating Wall Street with one phone call. Earnings are tax-FREE after age 59 ½ in special account too.

Earn 11% a year with Buffett’s SIMPLE strategy: https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268

Will your 401k provide enough income in retirement?

Trump promised everyone would have more money from his new tax law. Will this help you have enough later on? Since our lower tax rates will be eliminated by 2026, you need to use your extra income to boost retirement savings now. Most Americans will NOT end up with enough to continue their present lifestyle after they stop working. Even now we see more workers re-entering the labor market because they need money. Surveys say 55 to 64-year-olds have an average of $104,000 and those 65 to 74 have $148,000 in savings. If that money were turned into a lifetime annuity, it would only amount to $310 and $649 respectively per month. Adding SS benefits of $1,342 a month would mean about $2,000 a month. Can you live on that?

The folks that have enough retirement income are those that put their investing on automatic: They had their pension, 401k, or IRA trustee debit their paycheck so that they were not aware of saving/investing monthly. Some employers even give them money. Our government lets us deduct these contributions during our lifetime so we avoid tax as we save. These folks have $5,000 a month not $2,000 a month to spend using automatic.
Have enough: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Is it time to claim Trump’s 20% free profit with rental real estate?

The Trump tax law offers a unique opportunity to participate in tax-free earnings from real estate investments. Home values are climbing in most places but 2018 is not 2008 and you need to know the new rules. Smaller lenders want to lend if you have a 740+ credit score and over 20% down. Owner financing and HELOC loans are alternatives. Shop for foreclosure bargains. Make sure the rents cover ALL your expenses. Line up handymen for help. Hands-on owners usually have greater success. Use LLCs to protect your assets and collect your 20% tax-free profits. You may not benefit from the end to the AMT or estate tax like Trump, but rental real estate is one of the favorites of working millionaires. You can create a stream of income that can keep pace with inflation.

Avoid the GOP tax increases: https://www.amazon.com/Tax-Free-Living-strategies-build/dp/1477452702

Best last minute tax saving move

Tax filing began Jan 29 even though all the forms are late in arriving. If you find you owe tax instead of hitting the refund button this year, you may still be able to claim your refund. You can reduce your 2017 income and receive a tax credit. Credits reduce your taxes dollar for dollar. In effect, Uncle Sam can help you reduce taxes AND save for retirement at the same time. On line 32, Form 1040 or line 17, Form 1040a, you can enter up to $5,500 ($6,500 over age 50) as IRA contribution to reduce your income. If you meet the qualification, a credit will show up on Line 51, Form 1040 or Line 34, 1040a. You subtract this credit from your tax. EG: Income $66,000: tax refund is $3,335, without IRA contribution. With the contribution, the refund is $4,392 or $5,553 if you both make the contribution. Credit against tax is $400. IRS checks to see you have IRA.

Take the deal: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

Why some Americans can’t file … yet

Congress had second thoughts about their “well-crafted” tax law and so on Feb 9 they passed a 2019 budget with some extra “extenders” which expired in 2016-17 but were made retroactive in 2018 for 2017. Yes, they can do that. Anyway, if you have three of the ‘outlawed’ deductions, you will have to wait to file or file an amendment. The IRS was baffled saying, the IRS is “reviewing the legislation signed Feb. 9” and will provide information when they can. Meanwhile, if you bought storm windows and doors like I did, you wait for a new 1040 form. Currently, that line says "Reserved for future use." The IRS will have to destroy millions of forms and instructions to get it right. 18 million tax returns have been received and processed. GOP seems eager to waste as much tax money as possible given The Don’s tank parade and tax forms that could have been avoided. The parts that most likely impact us include extensions for:

• exclusion from gross income of discharge of qualified principal residence indebtedness [mortgage modified/forgiven]
• mortgage insurance premiums treated as qualified residence interest
• above-the-line deduction for qualified tuition and related expenses
• credit for nonbusiness energy property
• credit for residential energy property
• credit for new qualified fuel cell motor vehicles
• credit for alternative fuel vehicle refueling property
• credit for 2-wheeled plug-in electric vehicles [Zero’s “massive torque”]

If you own horses or a mine, there are goodies just for you here.

If there is a bigger refund or a cut in your bill, you can ask your preparer to fix it with a 1040X. You need to recalculate your old return and tell the IRS the changes only.

Congress was so busy last year repealing our health care, they didn’t have time for these.

I will file late for a couple of $ hundred extra. Congress ran up debt further to $21T. I used to be a Young Republican but they changed their beliefs, morals, ethics, standards.

I use my own system to avoid tax: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

IRS free filing sites avoid $300+ cost of filing taxes

Commercial tax prep sites offer expensive loans as advances on your refund but you can keep your whole refund using the IRS free filing partners. Refunds can be in your account within 2-3 weeks. Remember: IRS does NOT call you. The average refund is over $3,000. Check your refund: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp

You can create a tax-free retirement fund of $500,000 with that amount each year. If you need free tax preparer service for your 1040, use AARP Tax Aides near you. Bring last year’s return and ID: https://www.aarp.org/money/taxes/aarp_taxaide/

Use your refund to fund your tax-FREE IRS approved account: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

New cars lose 40% of value—are new cars worth it?

Many cars just last longer. Some claim 70% of their cars are still on the street. Used luxury cars have a history of reliability and safety. The first cars with disc brakes and all around airbags were luxury brands. New cars have more problems because of innovation and technology that may attract new buyers. Without a warranty, the consideration must be: how much time can you afford to spend without your ride? If we can spend or finance $16,000 for transportation, we have great choices. Shopping could not be easier. You don’t need to be good at haggling since all the information you need is online. Thus you get an idea of what your trade-in is worth at https://www.kbb.com/whats-my-car-worth/ and then look at the JK Power dependability stats at http://www.jdpower.com/press-releases/jd-power-2018-us-vehicle-dependability-study. Look up the best values in your area at https://www.cargurus.com/Cars/instantMarketValue.action and https://www.edmunds.com/. You can test drive anywhere but you may want to travel 60 miles to pick up a bargain. Is gas mileage or comfort your important criterion?

Don’t forget discount insurance: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Why some people ‘buy back’ a state pension

A client worked in a state agency for years and left to take another job. 14 years later she got back into the state public education system. After another 14 years, she was about to retire but her pension would not have been as great as if she had stayed in the very lucrative state pension system. She was offered a chance to buy back the years she missed so her pension amount would be greater. At age 65 she had to pay $95,000 to get back those 14 years worth of pension credits. How did she do it? She used her one asset—mortgage-free home valued at over $250,000—to obtain a HELOC with no closing costs. Now her pension monthly income covers the HELOC and she may receive over $300,000 extra during her lifetime payout. Plus, the home equity loan interest is deductible.

Use the Buffett strategy for retirement: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

****************

Make “The Don” Great Again

Our intel agencies: we are under attack and Prez says not—aid and comfort to enemy?

Bannon admits the Trump-Russian meeting was “treasonous”

If the Russians contacted you, would you call the FBI?

Jr didn’t so NOT ‘collusion;’ … but treason!

Trump Is 'Doing Putin's Job for Him' by Attacking our FBI: McCain

Mueller indicts 14 more conspirators for illegally helping Trump win election

Putin’s influence: Manafort, Flynn, Gates, Page, Stone, Papadopoulos, Sater, Zwaan

How many other people can Trump blame for Putin’s meddling?

’I could shoot someone on 5^th avenue and not lose voters’

Trump to refuse to answer special prosecutor’s questions: Above the law?

Trump’s co-conspirators take secrets without clearances. Traitors?

GOP House will never impeach their ‘Savior’

The Path to Dictatorship

“I have absolute right to do what I want to do with the Justice Department,”

Trump Says He Has An 'Absolute Right' To Control The FBI and Justice Department.

(Court judges in Reich were instructed to submit lists of lawyers who would be trustworthy. The main requirement was absolute political reliability. Hitler’s Justice)

Bannon and I wish to “destroy the state”–our government: “I want to destroy”

GOP to destroy FBI investigators and rule of law to save their mob boss’s crimes

FBI doing its job following Kremlin ‘advisor’, Page, a suspected Putin spy

“I’m a very stable genius” Can you pass Trump genius test?

No real businessman would act or communicate like The Don. ‘My button is bigger’

Mafia boss methods do NOT work in government: can’t stop FBI investigation

“Trump can’t be a racist: he had a TV show”

“Why are we having all these people from ‘shithole’ countries come here?

Trump creates religionists agency to justify discrimination

The Don defends sex assaulter and predators because … he is one

‘I’m the only one that matters’ Mob Boss, Nov 3, 2017

The Don’s enforcers lie re: contacts to Putin and list longer: Why all the lies if innocent?

The Don’s election money from Russia via NRA   I love my Sugar daddy!

GOP suppresses vote: can voters make America normal again?

GOP uses unconstitutional gerrymandering to get elected. Supremes agree

Trump rated worst president we ever had; Obama #8

‘I was elected President.’ (to destroy ‘the state’)

Dictator’s greatest weapon is fear: Dems are evil (TV ad)

Trump: I want to fire any employee who does things I don’t like

Anyone who did NOT clap for my speech is a traitor

“I can’t have a conflict of interest”: countries pay me rent

How Govt wastes our money:

2 drug companies shipped 12 million doses of opioids to WV village—we pay to detox

Cutting regs means we pay for Black Lung treatment rising in miners again.

Trump gives military more than they asked for to prepare for nuclear war!

2,400 Americans have died; $1 Trillion helping Afghanistan fall into continuous war.

            Total US government discretionary spending in 2018=$1 Trillion.

This is how big companies bend our govt reps to give them a better deal: fake testimony,            staged events, fake publisher, revolving govt service, fake supporters, etc.

Train & qualify gun-shooting “teachers and retired Marines” to kill automatic fire?

            Intruder fires 15-20 bullets a second but it takes over 2 seconds to shoot back.

SCAMS:

Securities regulator looking for advisors that overcharge, mislead, abuse clients

GOP cuts disabled person’s right to sue: protects businesses.

Digital Altitude/Aspire caught stealing $14 million from victims of MLM scam.

Apollo Mental Clarity endorsed by Ben Carson Trump’s Housing Sec. is snake oil.

RXBar & NatureMade Omega-3 Xtra Blend may make false claims about power.

SS is underpaying widows and widowers by $224M: they can claim survivor benefits

Many in the White House have been unable to gain full security clearance. Putin payoffs?

Jobs:

School safety money slashed in Trump budget--$25 million cut ends guard jobs.

Gun makers of AR 15 $361 hiring to make teacher guns to ‘protect’ schools.

VW to raise the wages of around 120,000 workers in Germany by 4.3 percent.

Who owns your account now?

MetLife has failed to pay pensions to retirees: MetLife got money to pay $86 billion but kept the money.

Rite Aid to Albertsons

Buy your next car at Costco? Yes, they offer fixed prices from a local dealer. No haggle.

Miracle:

Unless Americans use absentee ballots, Putin will change votes in elections again.

GROW HUMAN ORGANS FOR TRANSPLANT AND EVEN CURE DIABETES

Eyes are the windows to the soul and … heart attacks and high bp. New test.

Neighbor protecting domestic violence victim killed by husband

Acts of kindness from police: 2 troopers pay for flight of Parkland mourner.

Aaron Feis gave his life so that others might live.

Prevent school children’s deaths. Hunters kill innocent animals instead.

IAN

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Montclair, NJ 07042

973.746.2014

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