More American ‘Socialism’—Our taxes go to make rich, richer

More American ‘Socialism’—Our taxes go to make rich, richer

Amazon’s Bezos, the man with more wealth than half the nations of the world, takes government money to locate in VA. (America’s form of Socialism is called subsidies)

If Bezos needed another place to work, he could have built anywhere and people would work for him and pay taxes. It will take years for government to earn back this Socialist handout. Many taxpayers across the country are putting their hard-earned money in the pockets of the already wealthy business owners. Governments give money to the elites: Russia helps Putin’s oligarchs just as China subsidizes its businesses. In many studies, subsidies are ineffective for taxpayers since the payback never happens. Once we give money to one, everyone wants the same deal. Of course most businesses that receive tax money don’t really need it like a small business starting out would. An estimated $18 Trillion was transferred from taxpayers to private hands between 2000 and 2015. 99% of it went to large companies, even foreign banks. Yet when those same taxpayers could not pay their mortgages from temporary layoffs, they were ignored. Many lost the home they had put their savings into. People had to give up a lifestyle to survive on less.

Avoid paying corporate subsidies: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Do you need a lawyer to start a small business?

In some states, you do not need the state’s permission to start a business. Some states require you to get a specific name approved for a new legal entity like a Limited Liability Company (LLC). You may be able to do this yourself. For instance, in New Jersey you complete and file a Public Records Filing for a New Business Entity. You pay $125 to New Jersey Division of Revenue in the Department of Treasury. The filing takes 2-3 weeks. The document becomes the original Certificate of Formation, which states that your LLC has been formed. After that, you need to obtain an employer identification number (EIN) from the IRS, open a business banking account, and finalize an operating agreement. However, since you are starting out, you are better off just using your name as your business. Don’t waste your money on a lawyer or an official entity. Just follow the tax requirements: https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center. Don’t cheat. My experience led me to Dummies book and Nolo.com. Prove your sales work. Many libraries have these books.

Don’t waste Start Up money: https://www.amazon.com/Save-3000-every-year-Only/dp/1500681571

Be prepared: we will all live longer

25% of men and women will live into their 90’s. The life insurers keep track of this for profit’s sake. That is 30 years! To get ready, we must either save more, save smart or work longer. Depending on your situation, saving more and working longer may NOT be viable options. Many of us should be saving smarter. Some may find a less stressful job. As an AARP tax-Aide volunteer, I see every combination of these folks. Most in their 90’s can’t work. They are scraping by on SS benefits of less than $20,000 a year. Some are lucky to have an old-style pension but it does NOT increase each year. Some have annuities but they don’t increase either: $1,000 a month was good 25 years ago but no longer. One couple in their early 70’s have two great state pensions after working 25 years. Most teachers are famous for saving money. Some retirees have great dividends and interest. Very few have Medicare supplemental health plans. Very few used a Roth IRA for tax-FREE income. Very few retirees I see have a smart portfolio of stock and bond mutual funds. Some have brokerage accounts with trades they never understood. They have some gains but the fees almost wipe them out: $720 gains but $588 fees. I cannot advise them to use smart savings funds: stock/bond funds at low cost in retirement. But I know they will need them for 30 or MORE years.

They need growth and income: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

Are you ruining your kids and your own retirement?

Nearly 80% of parents give some financial support to their adult children—to the tune of $500 billion a year. That’s twice what parents put into retirement accounts. Almost three-quarters of respondents acknowledged putting their children’s interests ahead of their own retirement needs. Half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. But where does that leave us? Will they be able to take care of themselves once the money is gone? And what about us? We end up living on meager SS benefits and they can’t manage their own income shortfall. We might feel we must share our wealth because the longest bull market has kept us safe. But our good luck may not rub off on our kids. They will choose the easy way instead of working their way up from the bottom. College is not the only answer—certainly NOT for everyone. They may be a better technician than a manager under extreme pressure. Student debt is strangling us. Perhaps a better way is to offer them a business proposition—instead of living with you and all the comforts of home—write them a business loan to get them on their feet. Like immigrants to this country, they can find their own way of making a living. You have helped them but you haven’t crippled them for life and your own future!

Make sure you have enough: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Where is FREE tax preparation?

The free AARP tax-aide sites are filling up quickly: aarp.org/money/taxes/aarp_taxaide/. Before spending $200-400 for a paid preparer, try filling in the screens using the IRS partners at irs.gov https://apps.irs.gov/app/freeFile/. The instructions are easy to follow especially if you have last year’s return to compare what forms you need. I have found https://www.freetaxusa.com very easy to negotiate and respond to email questions. This one charges only $15 for your state return: Fed is free. It is still $15 when as complicated like mine. Basically, you must pay tax on all your taxable income—wages, pensions, etc. This year you have less to deduct because the standard deduction was doubled. Beware some software glitches. However, you lost the personal exemption of $4,050 for yourself, your spouse and each of your dependents. For each child under age 17 you receive $2,000. In high property tax states—NY, NJ, CA, CT, etc you will probably owe this year. The deduction cap is now $10,000 and the average homeowners in these states pay about $20,000 property tax. The law was written by a Rep from a Red state.

Try software at irs.gov https://apps.irs.gov/app/freeFile/ before you go to paid preparers.

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

“The campaign -- for him -- was always a marketing opportunity.”

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

Will voters who need ObamaCare vote for it?

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

ICE keeps young workers in jail for 6 weeks despite real job. Not indigent; paying taxes!

We spend $57 billions on intel Don doesn’t want: yet gov can’t stop robos to our phones

Pentagon starts building The Don’s Wall despite Congress: Don’s Dictatorship begins.

Climate change ruins drinking water wells in heartland. 280,000 WI wells poisoned.

GOP Rep Lee says solve climate change with more babies. Rep from Utah’s Mormons?

Trump budget cuts $800 billion from Medicare. Poor’s health covered by each state alone

SCAMS/SPINS:

GOP won’t release Mueller since facts scare them but our hacker enemies have it already

WH’s Sanders claims Mueller, a GOP and Dems tried to “overthrow” the government. Really

GOP stays in power by changing NC voting districts to 11 GOP vs 2 Dems. ‘I decide’

Boeing lobbyists took over FAA safety responsibilities: Congress complied 2018!

Robo call scammers avoid paying fines and going to jail: Trump & Congress do nothing!

Vatican squashing women defenders of abused nuns: Women Church World silenced.

‘Roundup’ causes lymphoma but Bayer keeps selling it at stores. Reserves high for suits.

Emergency room staffed by non-hospital staff so out of network: Medical bankruptcy?

Trump to end ObamaCare protection for 20 million patients with pre-existing conditions

Trump: ObamaCare “too expensive” (Trump & Congress use it) We get cheap coverage!

Trump just made it easier for employers to dump retirees’ pensions: Senior Scam

Trump Hannity discuss pardons all around for “this whole scam.” 

Trump in his glory: President comfortable with ‘explicatives’ at ‘lock them up’ rally.

Trump’s FDA hides medical device failures: Surgery staplers allowed to injure US!

BEWARE: Social Security numbers don’t get suspended as claimed in scam.

Duke U caught faking lung function research data to get grant: fine no jail

Brendan Ross, Direct Lending Investments, CA caught $11 million fee over-charges

Fidelity sued by 401k employees for extra fee as kickback to plan record keeper.

Richard Diver caught stealing $6 million overcharging clients to inflate his pay.

Successful fund managers last only 3 years: stars shine then fade fast—index win 10 yr

IRS scams: irs-top-12-tax-scams-to-avoid-2019

College entry scandal leader Singer paid almost 800 bribes to coaches.

If you lie on your loan application, you could go to jail but Don did it all the time: No Jail

Mob Boss gives in to N. Korea: lifts sanctions for NOT scrapping missiles: “I like Un”

“Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

Mueller ignores Mob Boss family Russia deals: OK to conspire with enemy.

1. “Russia, find Hill’s emails” 2. Don’s Mob made Russian deals 3. Russia intel tricked voters 4. Secret meetings 5. Special Russia deals 6. Fire FBI 7. Refuse give testimony

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, pres can change Constitution anytime.’

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Jobs:

Supremes Kava & Gorsuch take summer overseas jobs since $255,000 is not enough!

Wall Street going through layoffs again in 2019. Cycle allows paying less for new grads.

Who owns your account now?

750 parents are involved in buying kids a spot in college: Money trumps merit again!

Investors lost 9.42% in 2018 compared with a 4.38% by the S&P 500: Double loss!

Inherited IRA: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

Sears' 90,000 retirees lost their company-paid life insurance: pensions next?

Miracle:

ObamaCare saved US $2.3 TRILLION in projected costs: 20 million new insured

Notre Dame giving $1 million: why male priests abuse kids & nuns. Everyone knows!!

“Suffer the little children” America is locking up all the wrong people.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Refunds are smaller: We’re paying for Jared’s refund!

Refunds are smaller: We’re paying for Jared’s refund!

Trump’s gift to his wealthy friends and companies will cost each working person more. Tax refunds are running 8% less this year because Trump cut deductions for working people as well as property and state taxes. He added 6 more Schedules to file taxes so he could claim you can use ‘postcard’ 1040. It’s NO postcard and preparers charge by the page. Twitter is filling up with complaints from people whose situation has changed radically. A nurse got $1,000 less and nothing changed in the filing. Another person owes $2400 instead of ‘good refund.’ Others made less last year but owe $5,000. We were promised a ‘middle class tax break’ in October.  “We are giving a middle-income tax reduction of about 10 percent,” Trump told reporters. "We're doing it now for middle-income people. This is not for businesses. It's for middle." Trump lied again. Compared to 2017 rates, some taxpayers would pay more tax in 2018, even more in 2025, and HALF will pay more in 2027 according to Tax Policy Center. We are paying more because Trump, Jared and friends are paying less or $0 taxes. Instead of creating jobs, the corporations are buying back their stock for larger dividends.

Stop paying rich people’s taxes: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce-Taxes/dp/1540435148

Why do we taxpayers give welfare to profitable companies?

U.S. Steel's 2018 profits shot up to $1.12 billion. Gary IN put US Steel on welfare of $ 47 millions (city and state offered the firm a $47 million tax break package.). IN gave US Steel $10 million in tax credits, along with $2 million in worker training grants. There is no guarantee how many jobs are saved. Gary has already given Steel a property tax break estimated at $35 million over 25 years. Instead of making a jobs commitment to Gary, Steel used the benefits to buy back $300 million of its own stock. This benefits the owners not the workers and certainly not the city or state. Trump’s tariffs on foreign steel don’t help a firm with high-cost steel. Steel re-hired 800 in Granite City. Gary got a worse deal than that at Carrier which Trump boosted. A study of tax breaks on the state’s public finances in the last decade found that state incentives costing about $30,000 per job provided little benefit to Indiana’s economy or tax base. In New York, Amazon quit. Amazon does NOT need incentives—Bezos is rich already. Federal/state funds would be better spent on infrastructure jobs for now. Retraining and apprenticeship programs would help future workers. Funds for corporate Welfare could be for Medicare for All.

Trump extends American Socialism: https://www.amazon.com/Americas-Socialism-Rich-only-little-people-pay/dp/1535218584

Maybe you don’t need a will

Less than 20% of us have the 3 essentials. The folks who have assets usually have them. If you don’t have one maybe you don’t need one. Most financial accounts already specify who gets what. Usually an IRA, pension and brokerage accounts have beneficiary designations. The institution responds to the ‘bene’ on the account agreement not the will. If a home is held jointly it is owned by the survivor. A will is useful to the executor so that you can make sure your wishes are done, like the spouse without a license does NOT get the car. Many children fight over assets but having a will probably ends the discussion. Your possessions may not be needed by the kids and need to be given or carted away. Think about church or charities you want to support. Depending on how long you live a will usually has to be updated periodically. Perhaps that is another reason most us don’t have one. Some people won’t make one because they believe it brings on death. Some others don’t prepare for final expenses for the same reason. Some don’t want to leave a thing to certain family members.

https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Our work-place benefits are changing—new choices

Some employers are discovering that the old formula for worker satisfaction has changed. Since the age of the workforce may now span 50 years, everyone wants something different. Younger workers may want flex hours. Older workers may want great health care and more retirement fund matching. One size does NOT fit all. Listening to worker needs can lead to packages designed for each group. Some employers help with the student loans. Others fund disaster relief or paid parental leave. Everyone likes choice and employers must pay attention to keeping the workers they have since the market is tight. Chose a tax-FREE or tax-Deferred future.

Choose best savings plan: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

What Trump destroyed, each state is reinstating to protect us

MD is the latest state to adopt the Fiduciary Rule to protect us from unscrupulous money grubbers. Under the legislation, fiduciaries are required to act in the best interest of their clients, without regard to financial or other interests of the person or firm providing the advice. Seems like common sense but Trump killed the Obama law in his first year. The financial industry wants no limits on its ability to sell products that are NOT the best for us. Recently the Consumer Financial Protection Bureau appointee wanted to scrap a lending rule meant to guard the most vulnerable Americans. Payday lenders could go back to charging 400% interest on temporary loans that end up nagging borrowers for many years. State legislators now realize we need protection from the ‘money changers.’

Protect yourself: https://www.amazon.com/Fiduciary-Rule-BEST-dont-lose-anymore/dp/1530980275

Did you tell your child how to retire early?

Tax-FREE wealth! We did not have this option when I started working. Today, if you show your young adult that they can accumulate enough tax-FREE money, they could work and then enjoy life without the grind. The hard part is explaining that it takes time. The tax-FREE account has been around since 1997 and I was lucky my boss told me about it in the 2000s. This account can be set up at any financial firm and in many it costs nothing: No lawyer or broker is required. Using the low cost mutual funds recommended by Warren Buffett, it takes just 25 years to accumulate $3/4 million using $500 a month. It takes 30 years to hit $1.4 million—TAX-FREE. Your kin does nothing else—no trading, no broker fees, no market-timing. Automatic investing means they can’t fail. Teach on. Tax-FREE means they will have 25% MORE to live on. $0 Fed/state taxes.

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Are no commission ETF index funds right for you?

In the race to recapture revenue from going to Vanguard, the for-profit firms Schwab and Fidelity are try to win us back by removing the commission. ETFs are index funds chosen by management to keep us invested in securities. You can trade 503 ETFs in 79 Morningstar categories (for example, large value stocks). Fidelity matched this explosion at the same time. But do we need 500 choices? The assumption is that we know what will happen in the future and will buy the right ETF. Like everyone who gambles, we are encouraged to place our bets on the favorite of the day. This delusion has caused many ‘investors’ to earn less than the buy and hold strategy. DALBAR, the firm that keeps track of returns, shows us that most of us earn only 3.79% when a simple 500 index fund earns over 11% a year over time. If that sounds like old fashion news, a recent study shows index funds hold more money than the funds run by ‘wise men.’ More investors are learning why Warren Buffett recently won his bet on the 500 Index over 5 hedge fund strategies. Trading and fees rob us of the Miracle of Compounding. John Bogle founder of Vanguard told us that trading and fees can take up to 63% of our possible accumulations over time.

Use the Miracle of Compounding not ETFs: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

I, Trump, have a new idea for a parade, fireworks on July 4th

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

Can’t understand why unpaid workers (slaves) need food banks

Is this our America? Forced off bus to prove citizenship; ICE says papers are fake

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

WALL not needed in El Paso, Mr Prez: safer than your WH town. Washington DC

CA National Guard goes home: NO crisis on border—must be in Washington.

50,000 refugees in camps guarded by soldiers: separated children—Is this America?

Hydro power plant told to use coal instead of renewable so Trump funder gets profit.

Veterans who fought for our country were deported: Dems bring them back as heros!

SCAMS/SPINS:

2 Supremes lied about upholding previously decided law: how Supremes kill our laws.

Senate passes bill declaring lynching as hate crime—it took 200 years: Will Trump sign?

5 for-profit firms control health for over 125 million Americans: Cost going up or down?

Drug firms claim their high costs are needed for new drugs: actually we pay for them.

ObamaCare still provides health care to silent poor despite Trump’s evil intent.

Jared’s investment failure bailed out by Qatar: now Trump owes Qatar big time.

Trump tariff sending more farmers into bankruptcy: Trump helping corporate farms grow

IRS pursues fewer cases of tax evasion than it did less than 10 years ago. Rich get richer.

Clive Bundy still owes US $1 million for fees and penalties: No jail so guns beat Feds.

Ford 150 recalled: downshift to 1^st automatically at high speed—1.5 million 2011-13.

Toyota airbag recalled: shrapnel explosion in high humidity—70,000 2002-5; 23 dead.

BEWARE: Dyson vacs called unreliable by Consumer Reports. Half are pricy ‘garbage.’

Kestra Investment, TX, caught overcharging 3,205 clients $1.6 million: Fine, no jail  

BEWARE: Advisors claim signs of recession but no proof—balanced funds for long haul

Brent Borland NY caught fraud in Belize airport investment scam—jail time.

William Husel Mt Carmel OH caught giving excessive fentanyl doses: 16 deaths’ suits!

We have a history of separating kids from parents? Fear of the next group wins elections.

 “Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

Trump has done what Putin wants: EXIT NATO, IRAN, SYRIA, INF Treaty, AFGAN.

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, pres can change Constitution anytime.’

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Jobs:

Retail jobs require us to learn a new language in order to sell to young customers.

Rep Jones, NC, regrets he did not do his job and tell Cheney NO to Iraq war BS.

Rand Paul won $ ½ million by piling his yard debris near neighbor: Next Job?

Who owns your account now?

Future of long-term care policies is uncertain as prices goes up. Alternatives

Check with the mechanic of your plane BEFORE you get aboard. Any skipped steps?

Medicare for All 1^st step—50 year olds can buy Medicare in advance.

Car insurers discount for drivers who drive less than 250 mi a day: tracking device.

Michael Avenatti has trouble: The Don must have a new Cohen. One less challenger.

Miracle:

The Beautiful Poetry of Donald Trump?

https://play.google.com/store/books/details?id=8ou9DgAAQBAJ&gl

Protestant clergy admit abuse of women & kids. Some evil-doers still at it. Hell on earth!

Brain cancer killed by our own immune system using new trigger drugs—trials positive.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Don’t give your money to the wrong beneficiary!

Don’t give your money to the wrong beneficiary

This is the time to make sure the beneficiaries of your life insurance, annuity, IRAs, 401k, 403b, bank and brokerage accounts are correct. Many companies fail to pay the money you intended for your loved ones because they have tricks to keep it for profit. If your ‘bene’ does not know about the money or make a claim for it, the firm keeps it. You must make sure the insurer and your beneficiary has the correct information. You must make sure the person you want to get your money, gets it. For instance, MetLife and other insurance firms were caught keeping the funds due ‘bene’s because they claimed they did not know the payer had died or they failed to try to find or pay the benefits. Beneficiaries often do not know their benefactor had set up an account for them. In another case, MetLife used the excuse that they made the bene’s money ‘available’ but only in checks of $250 at a time. Since MetLife held $ millions of benefits in their general account, they made $ millions from the earnings with the bene’s money. Each state had to negotiate with MetLife for 3 years to get their citizens’ funds released. Prudential and John Hancock were among hundreds of insurers which had no interest in paying death benefits to their rightful owners. They did not use databases like the SS death record. The courts found that this was an elaborate game that has been going on for a long time and not just with life policy death benefits. Give your executor a list in your ‘final wishes’ letter saying who gets what from whom specifically.

Make sure your money goes where you want it to go: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

More employers overcharge their workers on pension plans

Mutual of Omaha and Transamerica have been caught taking excessive fees from employees in their 401k mutual fund plans. A participant in the 401(k) plan of Mutual of Omaha sued the company and plan executives alleging violations of ERISA due to excessive fees and to the plan's use of proprietary funds. The company picks the funds that are available so the workers can have a successful retirement. Excessive fees means workers may not be successful. Other ‘service’ firm employees are in litigation with their pension plans: Prudential, Transamerica, Allianz, Jackson National, JP Morgan, Edward Jones, T. Rowe Price, WellsFargo, Franklin Templeton. An employee can lose up to 63% of their potential retirement nest egg by paying more than the costs of their pension plan. Employers can use plan providers that offer funds ‘at cost’ like Vanguard, TIAA, Schwab, etc. Instead they make employees-saving-for-retirement a ‘profit center’ for their own enhancement. They control the pension options, fees, wages, matching dollars.

Workers have options: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

Do you lose with Trump’s new tax law?

Some old deductions are gone. You may have to adjust your spending and saving to maintain your tax refund. Families with kids will double the credit. Perhaps your business will benefit from the new deduction of 20%. Here are examples for different income levels. States with high property taxes will cause many to change their tax filings.

Jared and The Don have already benefited from the new real estate credits. His new Opportunity Zone deal is even better for him and his friends/family. Some deductions are still possible.

Don’t leave your credits unused: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Advisors’ fees are NOT coming down

Advisors charging over 1.2% in fees per year have decided not to try to compete with lower-fee upstarts. Instead, they are re-naming the services offered. Advisors think we will pay more to them than the new kids in town because services are defined in terms of our individual needs. However automation of some services requires they all be the same. Automation makes a firm more efficiency and profitable. For example, some firms are lowering their minimum asset levels for more business on the assumption that new clients will be happy to pay 1.2% for the chance to see a real person on staff compared with the robo advisors. Model portfolios can easily be established for less cost than an actual hand-crafted one. Other firms are using targeted discounts to tempt clients from other firms. Claiming greater transparency in pricing services, some are trying the ‘flat’ fee approach to lure traditional firm clients away from the brokers with ‘hidden’ charges. In a sense the industry is trying to maintain high fees by creating ‘differentiation’—if I think I am getting more services with greater efficiency, I will stick with my broker/advisor. Don’t be fooled.

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Health care fees are NOT coming down either

Americans spend more than twice as much on health care per person as their peers in developed nations, according to a new analysis from Johns Hopkins Bloomberg School of Public Health. It's not because people in the US use more medical services. Instead, it's because drugs cost more, drug firms kill generics, doctors and nurses are paid better, hospital administration is more expensive and many medical services have higher price tags, the study found. (Today drug-maker admits to national BRIBE DOCTOR scheme creating the opioid crisis.) And paying more does not result in better outcomes unless you are wealthy. The new analysis found that the US remains an outlier when it comes to spending, which was $9,892 per person in 2016. That compares to a median of $4,033 for Organization for Economic Cooperation and Development countries in 2016 and to the $4,559 the US spent per person in 2000, adjusted for inflation.

It’s time we tried Medicare for All: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

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

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

J F Kennedy was 43 when he beat Nixon

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

BEWARE: Now Trump says we are not getting out of Syria. Our media is enemy now!

BEWARE: Flood area reclamation by Army Corp at risk--WALL may come from ACE.

SCAMS/SPINS:

Dictators claim National Emergency to avoid democracy: The Don builds WALL.

One Dem has guts: new rep promises to stop The Don—Congress blushes at candor!

Dictators close down gov for years and install their own puppets: The Don solution?

Citizens who live near the WALL have a much different set of facts than the Con Man.

The Don has cut funds to CA fire fighters to punish CA for not fighting fires his way!

Gov licensing of Alaska oil and gas in endangered ecosystems despite shut down.

Annuity exchanging made easy but encourages ‘churning’ to make another commission.

Daniel Todd Levine caught hiding involvement in another business

‘No Collusion’ but what about your 101 contacts with Putin’s agents: Cohen statement.

‘I never said Mexico would pay for the WALL’ OK—we don’t need the WALL!

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.

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Jobs:

Trump claims workers without paychecks are behind his scheme to close … for years?

Coast Guard workers told to use garage sales for income instead of paychecks.

Need an affordable city to start your life or start it anew? Low rents; higher salaries.

Who owns your account now?

Our for-profit health system is failing us: One family’s nightmare shows reasons.

Avoid premium increase in homeowner’s insurance by going thru dog training.

Miracle:

Pre-K prep programs working FOR equality of opportunity

Young Muslims are cleaning up our national parks: no pay--“It’s just what we do.”

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Is the Roth 401k right for you?

Is the Roth 401k right for you?

Over 70% of defined contribution plans allow retirement investing designated a Roth. More plans are offering higher matching contributions. More plans are REDUCING the number of options so you can make a better choice of long-term investments. Using the Roth tax-advantage means you can spend your entire retirement fund—no taxes. For those who can’t put much into their plan, this may not seem much of a benefit since they may not have enough income to cause an income tax bill. However, if you have a family income over $100,000, you will definitely benefit from the Roth tax shelter. Yes, you pay income tax now on your current income but the Roth advantages can be astounding. Investing just $250 a month from age 30 or a total of $99,000 ($3,000 a year X 33) and you will have about $1 million—all TAX FREE. You follow Warren Buffett’s strategy—buy and hold a low-cost stock fund. You do nothing else—market timing or trading funds only hurts your compounding rate.

Your tax shelter: https://www.amazon.com/Buffett-Strategy-854-000-not/dp/1978481020

Charity deduction may take some planning

With the standard deduction at $24,000 for many couples, you may not use your giving deduction as in former years. Some planning—put 2 years of donations into 1 year to take the deduction—may make it possible. For those with itemized deductions over the standard, you can now up the donations and give up to 60% of your income. Gifts other than cash can create a donation deduction of the item’s fair market value. The IRS actually demands receipts when a donation is more than $250. In some cases, appraisals also are required but in most cases, the receipts are for your records only. Larger amounts may trigger an audit and the receipt is required. For instance, one client gave a motorized wheelchair to a hospital and got a receipt for the current fair market value or $900 about half the price they had to pay.

Use your tax shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

What is your broker/advisor selling?

Can you tell when your salesperson is right about the market? What are the risks in market timing, puts and calls, options of any sort? Can your salesperson really predict the future? Why are brokerage recommendations wrong more than half the time? Does market research really help your guru newsletter? Does it really have an audited true positive track record of getting you out of the market in time and back in when it is safe? So why does Warren Buffett’s buy and hold beat the hedge fund manager who uses 5 different strategies? Are salespeople helping you get rich or just getting rich themselves? Did you ever compare your total return over time to a low-cost buy and hold strategy? The average advisor-assisted investor earned just 3.79% over time compared with a low-cost market index fund of 11%. Is this strategy better for you: http://www.saferchild.org/power/

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Is legal guardianship right for you or your family?

What happens to you or your family member when their memory starts to fade? When you or someone in your family can no longer care for the person with diminished capacity, what can you do? A court-ordered guardianship can shatter their life. This form of control can lead to the isolation and exploitation of older Americans. For full guardianship, a judge transfers the individual’s civil rights — including the right to sign contracts, make medical decisions, and choose with whom to associate and where to live — to the guardian. If the guardian is a company or poor relative, things can go wrong fast. Some states don’t maintain regulations that assure that guardians act in the best interest of those in care. Since there is no oversight except a court judge, financial and emotional abuse is common. Fixing problems can be a daunting task especially if caregivers are apart physically and legally. You may be fighting a company with the legal rights over a person (and their resources) who can no longer make decisions. AARP has provided an example that must give every caregiver pause.

Discuss a plan earlier not later: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

Are Suze Orman’s legal documents right for you?

The so-called “America’s personal finance expert” wants to sell you the wills and trusts she claims you need to “protect every aspect of your financial life.” And you receive a $2,500 value for only $63! Since her ad appears in AARP material, I assume AARP receives payment for the sales like they do from Hartford Auto Insurance and other vendors. But is just filling in a form online really all you need to ‘protect every aspect’? You can ask questions but are lawyers giving you the right answers? It looks like some customers are having technical problems. Some reviewers seem to disagree with her trust advice. Also, remember that most people have their largest assets in a form that avoids any of the problems this non-legal ‘expert’ cites. Your home is usually held jointly. Your pensions and IRAs are already protected and go to the joint owner and beneficiary automatically. Before you pay $63 ask your other advisors about this kit. Compare other options like LegalZoom and NOLO. Suze is a marketing genius not a lawyer.

Plan your retirement spending well: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Most affluent people do NOT know what to do with their RMD

A study of affluent savers finds that 80% do not need this retirement money for their everyday needs. They are not clear on the options for this money after they pay tax on it. Fact: At age 70 1/2, you must start taking required minimum distributions (RMD) from your 401(k)s and IRAs whether your need the money or not. That was the 401k bargain:  (employers stopped funding company pensions): You could save for retirement without current taxes on contributions. The IRS now wants its tax money and you must treat your annual 3-4% RMD as regular income. Up to 85% of SS benefits are taxable depending on your other income. So, what to do with the money you don’t need right now. You can’t make tax-deferred contributions anymore even if you are still working. After you pay the tax, how can you avoid paying tax on future growth if you chose to invest the money? Can you donate the money and create an offsetting deduction?

Consider all the options: https://www.amazon.com/What-do-with-your-RMD-much-spend/dp/1718946716

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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!

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

$2.8 BILLION for 44,000 immigrants in concentration camps. Worse than WWII.

We just gave Amazon $1 Billion in tax benefits—when will we start paying more?

SCAMS/SPINS:

Trump’s press conference: a waste--It’s just propaganda ‘big victory’? Really!

CA victims get no more help from Trump—fires are state’s fault.

Trump named Whitaker AG ‘I know Matt Whitaker’—‘I don’t know Matt Whitaker’

Trump ends First Amendment for CNN: Like Nixon to Post, CNN barred from WH.

FL Gov seeks to give police custody of election, exclude ballots. Dictators do this.

GOP campaigns and committees spent $3.2 million at Trump properties.

Vitamin D does not help most people avoid cancer or broken bones.

$15 million is why you should always contest insurance denial—Aetna reckless disregard

Commonwealth Financial caught overcharging investors via mutual fund share classes.

WI school students learn Nazi salute

GOP always claim fraud when votes have to be counted again. Do votes mean anything?

Joseph Meli NY caught promising big profits reselling event tickets gets 6 years

Your brokerage may be raising your fees to pay for price quotes from the exchanges.

BEWARE: Scammers are going for business owner’s assets—protect yourself.

Maksim Zaslavskiy NYC caught promising high returns from virtual coins-real estate.

IRS special agents for criminal investigations dropped below 2,100—Lowest since ‘60s.

When everyone has a gun, how do police know who to shoot?

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The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.

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Jobs:

Young criminals paid to NOT shoot other young criminals: Universal salary?

Who owns your account now?

Disaster victims tax filing for 2017 extra time filing closes Nov 17.

Medicare Advantage: Big promises but few actually receive the bonus benefits on TV.

Our SS account has other benefits. https://www.aarp.org/retirement/social-security/

Your pension: BEWARE: Religious institution pensions can be cancelled any time.

Northwestern to return premium overcharges to policyowners. 

You can add to your employer’s 401k after age 70.5 but not to a regular IRA. OK to Roth

Miracle:

We need immigrants to keep culture alive!

Trump judge gives CNN back the WH press pass—Don, everyone has 1^st Amend too.

IAN

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