Does your child know enough to invest for their future?

Does your child know enough to invest for their future?

High school students in 21 states must now take a personal finance course in order to graduate. Five states — Iowa, Kentucky, Mississippi, Ohio and South Carolina — added the prerequisite. One state, Florida, dropped its requirement. One in five American 15-year-olds doesn’t understand basic financial concepts like budgeting, borrowing costs, saving and compounding. Without some educational help, poor students had far less access to financial education, compared to wealthier students. “If you teach the kids,” one educator said, “you teach the parents.” Remember, SS benefits will be cut by 20% in 15 years. Kids must start SS benefit supplement TODAY.

From the 12^th Century: Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime.

Help your child: https://www.amazon.com/Wealth-every-school-graduate-knows-21-century/dp/1466427906

How to double your savings over time

The most important fact about saving money is compounding. Only the rich have learned this concept because they see how it works in their lives. Most of us don’t see it in our lives because we don’t think in terms of the outcome over time. Most of us experience the opposite of compound interest: debt. We don’t realize that we will have to pay about FOUR times the amount of a credit card debt IF we pay only the minimum required. If we pay the minimum on the average debt of $8,398, it will take us 20 years to pay it off. We will have spent about $30,000: $23,000 in interest. But if we invested that same minimum payment in a simple index fund and earned compounded interest over time, we would have $115,000. We could easily buy more stuff for that same $8,398. Long-term investing: put $250 per month ($3,000 a year) in a low-cost stock market index fund. It would grow to about $65,000 in 11 years: $33,000 + interest $32,000. Our savings can double in about 12 years IF we invest it--compounding the earnings every year. This is how the rich stay rich. Show your child how to double their savings.

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

Why did your advisor provide you with less than 31.5%?

Yes. You know why. In fact your fees resulted in 5 managers taking over $1 BILLION of your dollars last year. These unconscionable fees are especially notable, especially given only a third of the 15 managers on the top manager list beat the S&P 500 Index. And the same one does NOT do it every year. It also comes as the hedge fund industry has been grappling with closures and mediocre returns. Very few managers can beat the index over time. Buffett put his $1,000,000 bet on the Vanguard 500 Index when a manager with 5 different funds challenged him 10 years ago. Buffett advises the hedge fund crowd to avoid the 20% fees and use index funds like the gigantic pension funds. The manager and their firm need your fees to exist. Vanguard is owned by those that invest in Vanguard funds. There is no outside owner needing profits. Since no manager can beat the index consistently, you could be earning 11% a year instead of the average equity managed account earning you 3.79% over time. Can they tell which stocks will soar nest?

Professionals aren’t cost effective: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

Why most investors don’t need an annuity

Many investors are DIY investors—they have jettisoned their advisors since learning the John Bogle and Warren Buffett investment lessons: advisor costs detract from your earnings. Advisors and annuities can take up to HALF your earnings in fees and trading costs. Here are DIY's results for 2019. They are total return investors—selling shares equally across all 10 funds for their monthly RMD income in retirement. Some want protection from a down market and so they overweight Wellesley Income instead of buying an annuity: Wellesley’s 9.7% a year is not too bad to live on.

2019 Total Return Fund                    Long-term Return      Longevity

31.5% 500 Index                                             11.2% since 1976

13.2% Energy                                                    9.9% since 1984

28.0% Extended Market                                  10.7% since 1987

22.9% Health                                                   16.2% since 1984

31.4% International Growth                              10.6% since 1981

27.9% PRIMECAP                                         13.4% since 1984

27.4% Small Cap Index                                    10.6% since 1960

16.4% Wellesley Income                                    9.7% since 1970

30.4% Windsor                                                11.3% since 1958

29.0% Windsor II                                            10.7% since 1985

25.8% Average                                                11.4% *

            *Average Annual Returns as of 12/31/19.

Annuity alternative: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

Are cheap life insurance ‘upgrades’ right for you?

Your agent/broker/salesperson has 12 ways to ‘upgrade’ your policy once they have you talking. But are they just premium add-ons that cost you big dollars over time? Most premium increases are not needed: add-ons are cheap because they don’t add much value. For instance, paying more for a child rider so they can buy a policy later or cover death expenses is unnecessary. No parent wants death insurance and very few young adults are denied coverage. Do you really want to give your spouse a windfall because you die by accident? The chance of that is almost nil. You are better off buying a higher death benefit in a 10-year term policy than any rider. You may not even need life cover later.

Buy only what you need: https://www.amazon.com/Drop-Your-Insurance-Only-What/dp/1448623391

Is life insurance a good alternative to the Stretch IRA estate plan?

Advisors are coming up with ways to get your IRA to your heirs after you’re gone. Life insurance has always been a favorite since it pays much more commissions than the previous Stretch IRA plan. But does a lump sum death benefit to your kids or grandkids really address your concerns about taxation and spendthrift beneficiaries? What are viable alternatives to the Stretch which allow a bene to take the RMDs over their lifetimes instead of at once or over 10 years? Each situation is different so you may need a more elaborate plan with an estate attorney than you had before. Perhaps time will provide additional choices. Lifetime gifting may be our best choice.

https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

File for the quickest refund FREE

If you meet certain criteria and have your documents already, federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/. Another site has no income/forms restrictions: https://www.creditkarma.com/tax. The software helps you avoid common mistakes before you file. Even if you make a tiny mistake, the IRS usually catches it without penalty. I have used most of these programs for years even though my income is above the limits. Most charge nothing for the federal and state. Some charge only $12.95 for the state. For 2019, six states have kept the health mandate tax if you don’t have health care cover so that state return may get complicated. Once you file your first year, your previous years’ data is there and pre-fills your forms: Saves a lot of time and money. Try it before you spend $200-300 at a for-profit preparer. No refund due? File to keep your ID from scammers. Your W-2 should be sent to you by Jan 31 according to IRS. Your refund can be in your direct deposit account in 10 days. Check mobile: IRS2Go within 24 hours after IRS receives your e-filed return for status.

Plan now for a Tax FREE retirement: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300 

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

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

“…all of his tormentors are being whacked.” He can’t be indicted for crimes now.

It’s "all about politics, not justice"

Trump tells prosecutors NO JAIL for his confidence man Stone.

Trump—Judge and Jury: I “cannot allow this miscarriage of justice.”

Even Barr says: Trump is obstructing justice with his tweets

Trump: F***You, Barr. I have “the legal right” to intervene. 

How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have! 

We pay Trump $650 a night to ‘guard’ his clubs plus $ millions for kids who could pay own SS.

Utah national monuments to be drilled by his friends for oil gas coal open grazing: sacred ground?

We pay $millions to buy phone data about our movements, activity, from spy firms.      

Trump tax breaks: cut $130B to Medicare $292B food stamp/Medicaid $70B disabled.

Trump going after the current and future SS disabled to pay for new space wars.

SS benefits cut by 20% in 15 years.

SCAMS/SPINS:

Lobbyists were dining the Trump mob so much they could not do their jobs: sloppy law- writing.

Attorney General Barr wants US to buy EU tech firm for its own 5G system: US socialism?

After promising "to produce phenomenal health care" 2 months ago, Trump gives up. ‘

Trump missed his morning elixir so he rehired Hope Hicks as the ‘prince’s liaison.

Dr Trump: coronavirus just ‘miraculously’ go away—sure, when deficit’s vanish.

BEWARE: Info at ‘local-looking websites’ offer fake news: ‘Trust but verify’

Tesla says get update Autopilot BEFORE you put your life in hands of a bad computer.

Tesla recalls 15,000 Model X SUVs for power steering failures

E-cigarette Juul bought adverts on Nickelodeon, Cartoon Network: MA sues to stop.

United Healthcare: limit seniors’ access to less expensive versions of Medicare drugs 

KS sending poor with medical debt to jail

Criterion Wealth Management Insurance Services caught taking hidden kickbacks

Ronald Leger MA caught selling $2.5 million unregistered 'life settlement' securities.

Elias Herbert Hafen CT caught stealing $1.6 million as promised invest in own account

AARP caught receiving payment from United Healthcare for Medigap plans

25% of prescriptions cost less WITHOUT using insurance 

MO state wants to protect bad product owners from suits after they kill/injure people.

Balance transfer trap: 0% rate 21 mo/ 5% fee; VIG 26.24% after. Mafia charges less!

Mob rule in the ‘banana republic’

Which cash fund will win American presidency? Election for sale to highest media spender.

Fox tells Trump’s voter: Stone is victim of Mueller probe which was Dem fantasy Putin control.

School bullies channeling Mobster attacks on Hispanic, black and Muslim people.

Company secretly collecting billions of pictures of children/women in name of protecting them.

Too late to do any good: Credit monitoring service charges fees for notices 24 days later!

Myth: filing tax return in April avoids an audit: IRS too busy to pick yours is myth.

Jobs

Biden to voter: “You’re a lying dog-faced pony soldier,” drawing laughter from crowd??

Is Uncle Joe done? I get no answer to my question about what his ‘joke’ above means.

Tim Kaine of Virginia for Dems’ POTUS nominee?

Aflac moved to Belfast: 150 jobs

Who owns your account now?

Best movies since 1976: Only time can tell which ones are YOUR best.

Which insurer is best at taking care of your car body when it gets hurt?

T-Mobile edged closer to a takeover of Sprint: judge approved

Fountain Financial Associates to Captrust Financial Advisors

Miracle:

January was hottest in 141 years of records. Takes miracle to convince deniers.

Antarctica’s Trinity Peninsula hit 65 F on Thursday: highest ever! Glaciers retreat!

Some Iraqis never saw snow: now they stare at the snow NYC used to get.

Pope is fallible: reverses course on Amazon married priests! It’s all politics.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

What can your investments do for you?

What can your investments do for you?

Most retail investors have no idea what they should expect from their money over time. Sure, everyone says they want to be rich—tomorrow—like the lottery. Well, if you have played the lottery, you know it is just an additional tax. Odds of winning big prizes are greater than you becoming a star athlete. The most successful investors are those who follow the advice of legends like Warren Buffett and John Bogle. Buffett used Bogle’s low-cost 500 Index to beat the 5 hedge funds run by a Wall Street guru. Buffett used a low-cost 500 large company index because you are almost guaranteed the highest return over time that way. Buffett relied on the compounding of high earnings with low costs over more than 10 years to be assured his wager of $1 million won. Over time, your investment in a low-cost index fund of large companies will be more successful than the average brokerage account owner. Are there exceptions? Sure, but you won’t know until AFTER you lose money to the index. 11% over 30 years can compound your $250 a month 401k or IRA money into $1 million or more. Buffett picked Vanguard’s 500 Index because of the record: One year 31%; 3 year 15%; 5 year 11%; 10 year 13%; 11.15% since 1976. As Bogle said: "Don't look for the needle in the haystack. Just buy the haystack."

https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

If you own a business, almost everything is deductible: pay $0 tax like Don

Our tax system has been set up to favor business. As you learned from our president, he has used the rules to pay ZERO or near zero taxes for years. He says that makes him smart. Looking at his most recent tax law changes, one thing is clear, the wealthy and most business don’t pay tax or pay very little compared to the average tax burden of 33.9% for the middle-class working stiffs. In America, we are better off running a business than working for one. The IRS even lets us reduce our income from business losses so we pay less. However, there are rules for a small business. Rules you need to know include the 50% limit on deduction for meals, no write-off for unpaid invoices, not all startup costs are deductible, not all fringe benefits are deductible, and you can’t deduct if you can’t prove you’re in it for the profits, like Trump. With the internet, it is relatively easy to learn what you need to know on the tax side of the business. You can’t assume anything. Be prepared to pay dearly for tax prep if you can’t do your own business taxes.

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

Longevity risk: it’s all in the genes

Many folks are living longer. Family genes provide a general rule: if you parents lived past the average age of 79, you probably will too. Most are not prepared to finance 20-30 years of retirement income. About 1 in 3 65-year-olds today will live past age 90, and about 1 in 7 will live past age 95. The standard advisor answer is putting your money into an annuity since they promise to pay a monthly income for the rest of your life. Sounds good but did they explain that inflation will take half the buying power of your monthly income in about 20 years? Insurers price their products at the current low interest rate. Right now you can receive $524 a month with a payment of $100,000 if you are a male age 65. You can’t ‘outlive’ this $524 but by age 85 it will only buy $250 worth of goods. If that $100,000 represented the bulk of your assets, what do you do now? Instead you could take income and keep growing your assets for later. Annuities were fine in the last century when people died by age 68: Not fine now unless you are the seller!

Consider your alternatives: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

Your employer will now guess at your monthly retirement income

The SECURE Act requires retirement plan sponsors to tell workers how much their current savings will generate in monthly annuity income in retirement. The new law, sponsored by the insurance industry, aims to provide employees with a ‘clearer’ picture about whether or not they’re on track to retire. But your employer’s plan is making a lot of assumptions. First, when will you retire? Second, which investment option do you have and how long has your money been working. A 401k of $100,000 for a married couple could pay around $6,000 a year or $500 a month. The final monthly figure depends on a few annuity factors. Some plan sponsors already use their annuity table which assumes very low interest rates for accumulations and distributions. If you had plans for a higher amount per month from your nest egg, just don’t let your employer talk you into the annuity they now sell. Their ‘guaranteed’ annuity protects them, not you from inflation and insurer collapse. Using a simple low-cost balanced mutual fund, you could earn over 9% a year now and thus spend much more income later.

See options: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

File for the quickest refund FREE

If you meet certain criteria and have your documents already, federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/. Another site has no income/forms restrictions: https://www.creditkarma.com/tax. The software helps you avoid common mistakes before you file. Even if you make a tiny mistake, the IRS usually catches it without penalty. I have used most of these programs for years even though my income is above the limits. Most charge nothing for the federal and state. Some charge only $12.95 for the state. For 2019, six states have kept the health mandate tax if you don’t have health care cover so that state return may get complicated. Once you file your first year, your previous years’ data is there and pre-fills your forms: Saves a lot of time and money. Try it before you spend $200-300 at a for-profit preparer. No refund due? File to keep your ID from scammers. Your W-2 should be sent to you by Jan 31 according to IRS. Your refund can be in your direct deposit account in 10 days. Check mobile: IRS2Go within 24 hours after IRS receives your e-filed return for status.

Plan now for a Tax FREE retirement: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300 

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

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

“Never in my life did I think I would like to see a dictator,

but if there's gonna be one I want it to be Trump

Top Mobster says HE is the COUNTRY: beating indictment gives absolute power: anything goes.

GOP agrees: president’s actions are OK because he is president—no crimes/misdemeanors possible!

Trump can now nullify 2020 election result since “his interests are US interests”

Will the DC mob ‘rub out’ Bolton, the squealer?

How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have! 

Tax cuts for the rich "trickle down" through economy, lifting growth, wages: not working

Deficit passed $1 Trillion: fewer paying taxes: Econ slows: Trump’s “greatest in history”

American farmers expect record-breaking 2020 bankruptcies: 2020 surpass 2019 record.

Long-term costs of maintaining hundreds of miles of Trump’s Wall: billions of dollars 

SCAMS/SPINS:

Rush Limbaugh gets the award Mother Teresa got for her "bringing help to suffering humanity."

Racism celebrated by America’s highest award: ‘Freedom’ to profit from racist hate-mongering.

What a ‘kangaroo court’ looks like: GOP mob declare mobster boss ‘not guilty’ rubber stampin’

Trump judges rule lawmakers can’t sue Trump for using office to make money

Life of indicted insider trader: US visas for family to live in Manhattan hotel free, 4 hours to shop

Philip Riehl PA caught $60 million Ponzi schemes: preyed on Amish and Mennonite groups

Li Lin Hsu CA caught scamming $8.1 million with promise to Chinese of safe investment

Boeing found another 737 software problem to the Max

“house stealing” is the “latest scam: Fake sale from your stolen ID, docs, etc.

Identity theft, imposter scams, and telephone issues topped the FTC list of complaints. 

Hackers control your car through your car computer: protection not yet perfect.

Fake electric utility robocalls daily: Congress allows this annoyance to get election money

Commercials bigger hit than football in SuperBowl: more movement on stripper pole than field

Trump thinks KC Chiefs are in Kansas: like Hurricane Doran to hit Alabama: his smarts gone

Dems Committee mess up IA count to assure no ‘socialist’ becomes party nominee: Hillary II?

Jobs

Macy’s shuts 125 stores, 2000 corp jobs: retail goes digital

Who owns your account now?

Does your mechanic love you? These owners hate paying for repairs

Re-gift or sell your gift cards: use safe sites to get best value

Miracle:

Scientists: warm ocean water flowing under the massive Greenland ice, melting faster.

No Pet Sounds: cofounder Mike Love at a trophy-hunting convention of Don Trump Jr.

Bumblebees are dying from the US, EU heat: tomatoes and cranberries at risk.

5,800 clergy on list of credible sexual assault: many have been left off by bishops

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

How much income in retirement?

How much income can we expect in retirement?

The older folks I talk to have been saving all their lives. Their parents learned from practical experience (during hard times and before Social Security benefits started flowing) that if they didn’t save themselves or work at a place that gave pensions, they would have a hard time later. They learned to make sure part of their incomes was saved for later. Today, many have all types of income including SS benefits which they earned. Some men in Congress think our SS benefits are ‘entitlements’ that can be cut to pay the rich. They encourage the free subsidies some of their constituents receive for NOT growing crops or NOT finding oil or NOT having a bank reserve. Of course for some folks, it has always been hard to save for later—they never had a high paying job or their wages have stayed the same since the 1960s. So 40% of us over age 60 live on (try to live on) SS benefits alone. I don’t think all those folks threw their wages away and deliberately did not save. Their wages just did not reflect their increased productivity. Their share went to senior management. Their job didn’t offer matching 401k contributions. Their savings went to an emergency. Most of the folks I now help as an AARP Tax-Aide have a pension and SS benefits only. One in 10 has personal investments they cash in periodically. Most average less than $40,000 total income—a combination from both spouses. Most learn to cope with less. Trump now says Medicare and SS benefits may be cut since his tax cuts have NOT reduced the deficit as promised.

Prepare for your later income NOW: https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

Complete your tax filing for FREE

If you meet certain criteria and have your documents already, federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/. The software helps you avoid common mistakes before you file. Even if you make a tiny mistake, the IRS usually catches it without penalty. I have used most of these programs for years even though my income is above the limits. Most charge nothing for the federal and state. Some charge only $12.95 for the state. In 2019, NJ has kept the ObamaCare mandate tax if you don’t have health care cover so that state return may get complicated. Once you file your first year, your previous years’ data is there and pre-fills your forms: Saves a lot of time and money. Try it before you spend $200-300 at a for-profit preparer. No refund? File to keep your ID from scammers.

Plan now for a Tax FREE retirement: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300 

Which is better: ETF or Mutual Fund?

ETFs are index funds you can buy and sell every minute. Some brokers charge commissions. Are you surprised to learn the largest ETFs are offered by Vanguard? Since most ETFs and Funds charge almost nothing and use the same index of stocks/bonds, why invest in one or the other. First you don’t need a brokerage account to own a Fund. Second, you may be able to reduce your taxable income with one over the other. Third, it is much easier to buy and sell an ETF than a Fund. Fourth, one or the other may provide an index of securities you favor. There are now at least 5,000 ETFs trading globally, with more than 1,750 based in the U.S. There were 9,599 mutual funds in 2018. However, here are only 3,671 domestic stocks today, down from 7,322 in 1996. There are 108,790 listed companies around the world. Remember, Warren Buffett won his bet with hedge fund options by holding just one low-cost Fund for 10 years.

Pick one and hold it: https://www.amazon.com/Assets-that-grow-themselves-snoring/dp/1986381226

Why does Warren Buffett credit COMPOUNDING for his wealth?

Compound interest: making money on your previous earnings. Warren Buffett wrote:

"My wealth has come from a combination of living in America, some lucky genes, and compound interest." Compounding is the Miracle of Finance. Unfortunately, the financial services industry does not allow schools to teach compounding of high earnings from index funds as Buffett advises. He proved Bogle’s idea: costs matter and are the most important factor in investing success. He bet the Vanguard 500 Index would beat the 5 hedge funds run by a Wall Street ‘professional.’ Indeed if you look at the past, most equity investors earn much less than a low-cost index fund: 3.79% vs 11.06%. The only requirement is that you must give up the vain search for the top stock or fund and just wait. We all want to be rich quickly so we don’t know how to wait. Fast trading is the myth of Wall Street since trading is the only way they make money. Make money the old fashioned way—Wait—and let the Miracle of Compounding work for you.

Take 11% a year: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

Are ‘thematic’ funds right for you?

These mutual funds “hunt for tomorrow’s winners based on today’s emerging trends.” Using tea leaves and propaganda from the companies they buy, these well-paid gurus of Wall Street buy into stocks with 1000 to 1 chance of being the next Amazon, Apple or Facebook. Assets under management doubled in three years to reach $175.2 billion at the end of December. When interest rates are declining, investors tend to make more dangerous bets. Often you lose with larger wagers. People who have made this bet usually forget that the huge winners like Amazon have taken years to win support: 1997 price $1.73; 2020 price $1,884. Few gave Jeff $1.73 for his bookstore stock. 11% a year is easier money.

Vanguard’s proven Top Ten: 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?

Trump admits there is “a growing totalitarian impulse …”

Trump kills foreign leader because he was “saying bad things”

His power comes from fear that they may be next

How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have! 

Trump cancels Obama’s vegetables and fruits in public school lunches: Perdue’s menu

Social Security benefits will be saved or lost in the next election: 2100 Act v TRUST Act

Washington is ignoring tax avoidance by the rich: you are more likely to be audited

Trump kills Obama water rules: dump whatever you like into rivers and streams.

Trump to cut California health funding: Going for the Evangelical vote

SCAMS/SPINS:

MO parents can have librarian jailed allowing certain books in ‘public’ library: Rev lawmaker.

How to beat the high cost of textbooks: 3 firms make 80% so monopoly pricing capitalism.

John Stumpf WellsFargo caught pumping sale bogus accounts for profit: first Fed charge banker

John Kapoor Insys Therapeutics caught drug dealer gets 5 years jail—first corp dealer in jail! 

One pill replaces workout benefits: Sestrin appears to mimic the effects of exercise … on mice!

Telephone replaces human communication: loneliness from screen time; few make real contact.

Treasury Sec Mnuchin goes after 17-year old for her remarks

Nathan Duane Oeming Commonwealth Financial caught soliciting a minor

Honda recalls 2.7 million 1996 through 2003 for airbag inflator

Gray hair: we use up the limited supply of hair dye in our cellular make-up if we get too scared.

Jobs

Biden thinks his son Beau should be running for prez not him

Who owns your account now?

Trump promised to cut our Medicare and SS benefit accounts to pay for his deficits.

Miracle:

Causes of early deaths are preventable but not with drugs with pro-human decisions

America’s doctors now advocate universal health care so everyone is helped

56% of over 65 say Trump should stay; 63% of under 30 say trial for Trump’s removal. 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

File taxes FREE

Complete your tax filing for FREE

If you meet certain criteria and have your documents already, federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/. The software helps you avoid common mistakes before you file. Even if you make a tiny mistake, the IRS usually catches it without penalty. I have used most of these programs for years even though my income is above the limits. Most charge nothing for the federal and state. Some charge only $12.95 for the state. Since its 2003 debut, Free File has served nearly 57 million taxpayers, saving an estimated $1.7 billion calculated using a conservative $30 tax preparation fee. In 2019, NJ has kept the ObamaCare mandate tax if you don’t have health care cover so that state return may get complicated. Once you file your first year, your previous data is there and pre-fills your forms: Saves a lot of time and money. Try it before you spend $2-300 at a for-profit preparer. No refund? File to keep your ID from scammers.

Plan now for a Tax FREE retirement: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300 

Who knows what markets will do in 2020?

Despite what commentators and investment gurus say, no one knows. Given that employment remains strong, it is likely that your retirement account is safe for now. However, because we are all human and sometimes sell at the wrong time, it may be prudent to check how diversified your assets are. Since no person made perfect predictions in the past, don’t listen to the paid fortunetellers now. Look at the long-term statistics for guidance: 11% from a low-cost index: https://investor.vanguard.com/mutual-funds/profile/VFINX since 1976 and over 30 years: https://www.dalbar.com/Portals/dalbar/cache/News/PressReleases/DALBAR%20Pinpoints%20Investor%20Pain%202015.pdf  The one fact we have to keep in view: the more you pay the less you earn. If we give up 2% of our account value each year, compounding will make sure we will accumulate less over time. Here is my favorite example: Let’s say you add $250 a month to your retirement fund. If your firm or advisor offered a low-cost stock index fund at 11% average for 40 years, you would retire with $2,169,740. If trading and fees take 2% a year over time, you would retire with only $1,179,107. You gave about HALF to your employer or advisor just because they did not offer the best options for you. They chose the best options for themselves. No one advisor has ever beaten the market over time except Warren Buffett’s 20.5% and he doesn’t charge.

Cost determines success: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082

Use Warren Buffett as your advisor

Since he has been successful over time and you are investing for the long-haul, you should make Buffett your advisor. His advice is free so you keep everything your money earns. Depending on your goals and timeline, Buffett could make you wealthy. How wealthy? Well, take the example above. Buffett tells everyone who listens to him to use a low-cost 500 index fund as their primary strategy. He used the Vanguard 500 Index Fund in his win over a hedge fund manager. You notice that over time you earn over 11%. Using a compounding calculator like this one you can see how much you can accumulate.  http://www.moneychimp.com/calculator/compound_interest_calculator.htm  Most of us would rather know how much we can spend in retirement with that total accumulation. Use the ‘Monte Carlo’ calculation that most advisors use to do the calculation 100,000 times depending on many market historical outcomes. This provides you with a probability of success depending on how much you spend each year for a certain number of years. In the example of $1 million fund over 30 years in retirement, you will have on average $45,000 a year to live on. This is an average so some years you will have less and some more—you must keep some excess in your Wealth Reserve. https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf

https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

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

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

Trump kills Iran leader because “horrible past”

“I saved a couple of big wars; I deserve the Nobel”

GOP to just dismiss impeachment: change Senate rules

How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have! 

US violates Iraq sovereignty: we will keep 5,200 US troops in your country uninvited

Trump goes after disabled to pay for wealthy tax cuts: $783/mo poor have little to take

Trump hides US casualties from Iran missile attack on 2 bases: He claims no injuries

SCAMS/SPINS:

Trump kills Iran leader because “horrible past” NOT “imminent threat” to US: Mob kills anyone!

Trump cites ‘deep state’ intelligence for killing: same ‘intelligence’ he dismissed Jan 2019

Trump gets applause from his fans for killing Iran’s favorite son: embassies don’t feel threat

Trump advisor Flynn says he is not guilty now: sentencing delayed.

American intelligence staff fear reporting on threats: Trump blasts analysts if disagree with him.

Putin is fast-tracking work on constitutional changes that could keep him in power: Shows Trump

WI GOP to cancel 209,000 Dem votes before cast: Trump won by 23,000 in 2016.

Scammers for hire: “end-to-end online manipulation system” to get you elected anywhere

‘Choices’ in policy are just marketing gimmick to keep profits high and options low. 1 size for all

PointState Capital hedge fund: traders decline to give investors money back now their fees spent

US Bank pension plan caught overcharging and self-dealing retirement options: $750 million lost

Northrop Grumman caught overcharging employees, taking kickbacks, fine, deny liability

Tax preparer registered to do your taxes? https://irs.treasury.gov/rpo/rpo.jsf

Refund Advance to $3,500 filing today: HR Block misleads cost of loan from your tax refund!

Co-pay higher than buying direct: $35 out of pocket instead of $120 using insurance Drug tricks!

Fix errors in your credit reports FREE: https://www.annualcreditreport.com/index.action

WINDOWS 7 support ends: Free WIN 10 update?

Pay taxes on SS benefits: For income in excess of $44,000 up to 85% of benefits may be taxable.

Jobs

New law protects employer if worker picks annuity & payouts less than full amount later.

Half employers feel workers not taking full advantage of pension plans: no money?

CVS to expand health services at low cost covering up to 80% of what PCP offers

Who owns your account now?

Voya Financial (ING) selling rest of biz: already sold annuity and life

NJ another state to run its own health insurance exchange: $40 million for GetInsured

Miracle:

Prince Harry gives up ‘public funds:’ escape bullying with Meghan: Who’s next to work?

Seattle restricts foreign-influenced companies’ (Amazon) spending on local elections: Trend?

New Alzheimer strategies may help future victims: One cure is unlikely

IAN

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