How quickly can your account rebound from this correction?

How quickly can your account rebound from this correction?

Depending on how much of your portfolio (401k, 403b, brokerage, IRA, Roth IRA, etc) is in stock assets, you could be down 7% or more. A 500 Index fund is still up 8% over a full year while the Vanguard Wellesley Income fund (60% bonds) is up over 9% over 1 year. Your broad diversified asset account may take less than 6 months to get back on track. This is exactly why you invest in different types of assets. You don’t suffer big losses or big gains from any one shock. Over time, stocks produce better returns than bonds or cash or gold or e-bits. If you consider stock investing as gambling, you may have to wait a long time to hit another jackpot. If you consider stocks the safest investment you can make over time, you won’t have to do a thing. If you played your last chip in February, you must now double your bet to get back even. If your stock fund represents your ownership of many businesses, most will keep working through any panic. Buffett: I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Set-Forget/dp/1484822900

How can you determine how much your advisor gets paid?

Since there is no industry standard or database for commissions, fees, retainers, kickbacks or other forms of payment, you will never know exactly what your salesperson actually earns. They could create a loss in your account and still charge you $3,000 a year. Recently, one of the sources of information was partially closed. The CFP Board told financial planners that the compensation information was “not very specific or helpful to consumers” and that the best way for consumers to select an advisor is “to have a conversation with their prospective advisor.” But we can’t interview 10 prospects without knowing something about how they charge. “We’re trying for more transparency as an industry, and this is less transparent.” The CFP Board’s consumer website, LetsMakeAPlan.org, is part of a public awareness campaign. Some advisors think the group may have caved in to the whims of the brokerage industry, many of whose advisors also carry a CFP designation. The Board was criticized for not properly disclosing things like customer complaints and criminal or regulatory problems for thousands of CFP designation holders on its consumer website. It took me a long time to find an advisor that charged only a fee for a financial plan/advice for a client. Most charge 1-2% annually of your balances plus fees for packaged products like annuities. It’s your money.

Buy unbiased advice: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

How much government do we want?

Elections are about choices: what to do with our tax money? If you believe social benefit programs are needed to help people you vote Dems in. If you believe corporate and wealth benefit programs are needed to help business and the asset class you vote GOP. Socialism: Trump is now helping some businesses and not others. Welfare for the rich or welfare for the poor, both have succeeded in driving up our public debt and the size of government. Subsidies to the elites and to the needy have never been contracted only expanded. Why are we still providing oil, coal and gas subsidies to profitable companies? Trump pays oil/gas companies when the oil/gas market price falls. We don’t get a bailout for our fuel oil/gas bills. Why have we allowed corporations to pay such low wages (same as 1973) that full time employees must beg for food stamps to survive? Why doesn’t government protect us from unwanted robo calls, opioid drugs and nicotine e-cigarettes? We allow the wealthy to avoid taxation through expensive tricks we can’t afford. When will everyone pay their fair share for their subsidies? Only now is Washington State repealing Boeing’s subsidies. Why is a ‘capitalist’ system paying profitable companies socialist subsidies? Give bailout to taxpayers!

Pay your fair share: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

SEC lawyers create more obscure annuity ‘disclosure’ form

The new “reader friendly” variable annuities summary prospectus and rules were supposed to improve investors’ understanding of the complex contracts but actually prove the need for real-ife testing. This charade “illustrates why we shouldn’t leave the job of developing disclosures to securities attorneys. The model they developed based on the proposal is 16 pages of small type and legalese,” CFA Director Roper said. “Had they bothered to test it, I am confident that they would have learned that much work was needed to make these documents both more readable and more visually appealing. But they weren’t willing to do that, perhaps because they didn’t want to hear what investor testing would have told them about the need to go back to the drawing board." Insurers were thrilled with the way SEC lawyers can obscure the tricks insurers use to make sure an ordinary person could never understand how their annuities work.

Insurers can never lose money: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

File your taxes for free

TurboTax and other for-profit tax prep firms are due to raise prices soon. If you have your documents, use your favorite software now and pay your tax due on April 15. The payment, if any, can be in April; the filing should not. The federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/. Another site has no cost or restrictions: https://www.creditkarma.com/tax. And remember you can usually reduce income and thus tax by making a deductible contribution to your IRA. 

Filed already: refund status: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp

Save for a long life: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

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

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

Mob Boss: 'Oh, we'll be cutting' [SS & Medicare] entitlements

Mob Boss: my employees see “I have natural ability” in medical expertise.

Mob Boss using Supremes to overturn centuries-old law

Mob Boss lowers his taxes by paying bribes

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

This is how the GOP plans to stay in power? Is 6 hour wait enough to forsake democracy

Supremes under thumb of Mobster eliminate Congress power to govern

Mobster distracts us with promise (bribe) of tax cut to ease panic Pence assurances fail.

Socialist Trump giving bailouts to profitable companies who make election contributions.

IRS to delay tax filing deadline so refunds can be used for corporate bailouts

National Emergency? House Dems act to get help to people directly

SCAMS/SPINS:

David Goldman Brook Church-Koegel Nicole Walker caught in $1.2 billion Woodbridge Ponzi

Wealthy use current volatility to pass on $ Billions to their descendants tax-free. Richer!

Horse racing is fixed too.

Cruise lines salespeople providing false info to maintain ship bookings. Gov may pay too

China says new corona cases falling: open Wuhan airport shortly?

Aliera Healthcare deceived buyers of health ministry plans with few benefits.

Judith Negron caught Medicare fraud $200 million from elderly set free by Mob Boss.

Michael Williams Kinetic caught raised $39 million fraud: promised high yield

Epidemics are usually not included in standard travel insurance coverage

Trump hotels golf clubs to receive socialist subsidies to cover corona losses.

“It [The Hoax] will go away. Just stay calm. It will go away,” Dr Trump said

Can the most secure man catch The “Hoax” from his own people?

Trump cancels CDC advisory to seniors: fly at your own risk of corona

"There's no good reason to use masks except you think you're doing something” 

Pence claims corona more lethal than flu: expects “thousands of more cases.”

Flu 18,000 deaths so far this year; coronavirus 3,347 so far this year.

Farmer warns pig-castrator Sen. Joni Ernst’s past votes to repeal the ACA hurts him.

Many rural children start carrying handguns as early as the sixth grade. Peer pressure.

Food delivery costs up to 91% more than regular prices: Local market is best.

GOP voter suppression: GOP keeps black Kansas City Mayor from voting:

Jobs

More jobs in 2020 before virus: Key number: 273,000 jobs in February.

Who owns your account now?

Which medical clinic is best for you? Walmart vs CVS?

Miracle:

Older adults were 67% less likely to die of any cause if they walk 30 min a day

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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How much is your tax refund worth?

How much is your tax refund worth if you invested it?

I know it is hard to save for retirement with all the calls on your paycheck. The only way to do it successfully is to use the most powerful investing tool—compounding. The average tax return was about $3,000. If we invest it in the fund Warren Buffett recommends, year after year, we can end up with $1,000,000 for retirement. That would produce about $60-70,000 a year in income. So each $3,000 that we invest each year is worth about $29,000 later on. (1000000/35 years) Your refund is money that you lend to the government interest free. You pay about $125 a pay period to the Fed via your employer. It is forced savings—a socialist idea started during WWII. Most people had a hard time saving for their annual tax bill. We still do. So they made us pay from the job.

Use the easy way to save: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

Not too late to cut taxes and build retirement income

You may owe the IRS this year or receive a smaller refund. You can change that by increasing your deductions by $12,000 for a joint return; $6,000 for single. Open and fund a traditional IRA at your bank, mutual fund or broker by April 15, and you can reduce your income, thus lowering your tax obligations. A traditional IRA will also grow tax deferred so you pay taxes on the income and its accumulations when you retire. Hopefully you tax bracket will be lower then. If building retirement income sounds like a great idea, how about using your refund to create a nest egg of as much as $1 million. The average refund is about $2,900. Investing in a low-cost broad market index like the Vanguard S&P 500 for about 34 years will provide about $1,000,000. This is the perfect way to have the money when you need it even if your employer does not offer a 401k account. You can set up automatic investing from your checking so you never miss a market rise. You just keep investing year after year—no trading, no broker fees, nothing! Your future $1 million is in your refund: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

How do we deal with captains of industry who kill people?

OxyContin kills people—over 70,000 in 2017 alone. The maker, Purdue, gave physicians misleading information and never corrected it. Richard S. Sackler, and his family, got rich from spreading this addiction. MA sued them--accusing him and other Sacklers of “illegal deceit” in the promotion of OxyContin. Also, journalists at ProPublica and STAT recently published records from a 2015 Kentucky lawsuit suggesting that Sackler knew Purdue Pharma representatives were misleading physicians to help boost OxyContin sales. Our institutions used to stop highly addictive drugs from being spread ‘all over town.’ However, this family learned how to manipulate the system—first on Valium; now on Oxy. Sellers claimed they were ‘weaker’ than other opioids. Once caught, the sellers have just paid fines and kept on stuffing pills down our mouths. Since the regulators, President, lawsuits and fines can’t stop this carnage, the traditional answer has been our Reps—Congress. But now most of our Reps are funded by the drug empire. Only when public outrage at cocaine-infused Coca-Cola became headlines did Coke stop addicting us. GM killed 124 when it knew the key switch failed and no one went to jail. 70,000 drug deaths is almost twice the annual vehicle deaths.

What will it take to stop Purdue and the Sacklers from killing more of us? Bankruptcy?

12 Reasons to Roll Your 401(k) into an IRA

When you move to another job, you may have the option to leave your retirement money with your old employer. Don’t. First, you may find better investment options in a low-cost mutual fund provider like Vanguard, Schwab, or others. Low-cost bond funds offer better yields than stable value or guaranteed funds over time. Second, almost all large fund companies are fiduciaries. You have no idea what could happen to your old employer. Third, a low-cost IRA fund may cost much less than your employer’s plan—0.04 vs 1.4%. In fact, many employers’ plans are being sued for overcharging employees. Fourth, when you pay less, you earn more—up to 63% more. Fifth, unbiased advisors are available for your funds at funds like Vanguard—no commissions are allowed. Sixth, employer 401k plan advisors are conflicted by their arrangements with plan administrators. Small employer plans are often serviced by insurance agents with high costs. Seventh, every large fund complex allows small balance transfers. High-end advisors/brokers have high balance minimums. Luckily, Warren Buffett proved we don’t need them to beat high-cost advisor returns. A simple low-cost index fund returned 7.1% vs 2.2% for advisor picks over 10 years. Eighth, there are no transaction costs to move funds from one fund to another. However, trading is discouraged since trading causes losses. Ninth, IRA funds are protected from creditors just like 401k funds. Tenth, you can borrow from your 401k and not from your IRA but retirement savings is your future. There are NO loans for income when retirement comes. Eleventh, an emergency fund is the place to borrow for a current crisis. Many 401k loans are not repaid so you give up your future. Twelfth, moving your money to a new employer is tricky. Having your IRA trustee move your money for you is easy and safer. You are starting a new job and you don’t need the hassle of lost money. Besides, you must rollover to an IRA account eventually. You should have all your funds in one place when you retire. After 30 years of changing jobs, many retirees have forgotten or lost their 401k balances when they retire. Most smaller employers don’t want to hold your 401k. If you leave it with your old plan you will have to deal with the old plan administrator not your old employer.

Consider carefully: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

IRA expert Ed Slott’s explains what you need to know

Most of us have IRAs in retirement because we cannot keep 401k accounts going at the old job. What we need to know is crucial because there are penalties for not following the rules of withdrawal and inheritance. You need to have some idea what your advisor is doing because you are ultimately responsible for your taxes. Most advisors are not tax experts but they do move your money and a lot of it is in IRA accounts. Ed Slott is the expert and this is what he teaches advisors if they take his course. IRAs require withdrawals, taxes, re-titling after death, beneficiary updates, perhaps a trust and definitely capital preservation/income stream decisions. Since the money has not been taxes, every decision can have tax consequences. Sometimes date of execution is important.

Look before you leap: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Which kind of advisor do you need?

We needed a fee-only advisor to help us make a plan for the future as we approach the time when we leave regular employment. All the advisors in our driving area only took on new clients with more money than we had accumulated. Most of them got paid by commission or a percentage of our assets every year. We were lucky to find a fee-only advisor through another advisor. She agreed to meet at her local shared office space near us. We told her what we needed and where we were financially. She agreed to do a plan for us at a cost much less than the annual fee of most advisors. Our portfolios were set with low-cost balanced funds and a few stocks mostly in IRAs and pensions. We were happy with what we had accumulated and didn’t need another broker making ‘wealth opportunity’ suggestions. After giving her our financial information and goals and questions, she presented her plan in about a month. She provided income/expenses for months and years for the next 30 years. Yes, we had enough to live comfortably and keep our home with high NJ taxes. All our financial goals were accomplished. We were happy and satisfied. We felt lucky we found someone who gave us a written plan for the right price. Most of all, she listened, asked the right questions and gave realistic answers. She was really a financial therapist. She calmed our fears that we would not have enough to do what we wanted for the rest of our lives. Our investment advisor is Warren Buffett.

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

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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!

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

Military bases turn into prison camps: http://www.trumphotels.org/

Contractors paid to maintain military housing grow mold/rats and still make $ millions

SCAMS/SPINS:

IRS says scams continue with direct debits, etc: irs.gov/newsroom/security-summit

Car dealer’s scam: no final financing agreement completed so ask for more money.

Cure Encapsulations caught buying fake reviews to make fake diet herbs sell

CDC guide on opioid use is hurting us: Opioid firms hit bonanza—255 million scripts

FDA approves ‘happy’ party drug for your low days: just spray in your nose, Mahn.

We pay for sea bass and get perch or tilapia: No truth anymore--just ‘marketing’!

William Gennity, NY caught excess trading for fees—churning—created client losses

BB&T--Valley Forge caught lying & misleading clients about charges: fine, no jail

DNA test giving up coverage/privacy: “perpetual, royalty-free worldwide transferable license” 

BEWARE: Ask how much before treatment: $3,000 Rabies shot billed at $48,512.

Watch for driverless cars: AZ says Uber NOT responsible for killing pedestrian?!??

Ellis channels Trump: Manafort gave election data to Russia but judge says no collusion

GOP vote against Dems ‘condemnation’ of hate?: What about infrastructure jobs bill?

Trump Mob broke law and violated Constitution: business men don’t read Constitution 

Trump’s ‘easy win’ trade war costs US $3 Billion a Month: few new jobs.

Trump calls off ‘war practice’ at Kim request in return for …. Re-starting bomb site? 

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

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:

Employers try new benefit: student loan payback: Give up future nest egg to pay banks.

Who owns your account now?

Keep track of your money: Best personal finance software reviewed.

Own the most reliable car/SUV you can: Consumer Reports top ten picks

Vanguard wins all the money for Target Date Funds: Cost determines success!

Your advisor is now target to gain your data: Ask for deletion of personal data.

Miracle:

School principal reads bedtime story to her kids via Facebook if parents are too busy!

Teen uses facts not ‘hysteria’ to protect himself and others: ‘fake news.’ 7,575 deaths!

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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