Is a traditional 60/40 portfolio right for you?

 

Is a traditional 60/40 portfolio right for you?

Savers and investors who tell their advisor that they do not want to take excessive risk are usually given the 60/40 option—60% of their investments are in stocks and 40% are in bonds. If you pay an advisor to pick your stocks and bonds, this traditional portfolio may work for you and let you sleep through the night. When they quit working, their stock holdings are reduced to 30%. But what if you have not saved enough for the retirement you envision? Buffett has suggested a 90% stock 10% cash position for his eventual widow's retirement portfolio. This does not work for most of us since we don’t have the level of assets Buffett’s widow will have. Some of my readers operate on a LOW-COST 70/30 option in retirement since they have a balanced portfolio and large pension/IRA/SS income. Others have been lucky to rely on a “total return” strategy during one of the longest bull markets in history. They try to reduce their taxable income by buying non-dividend stocks like Buffett’s well-diversified firm with no commissions. They built emergency funds to pay for 2 years of expenses to survive a market drop. For most of us, the Target Date funds offer the best compromise for pre- and post-retirement portfolios. The key to success is low-cost funds or securities since we earn more when paying less.

https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Should you invest 10% or 20%?

This is a constant question I hear. Answer: it depends. First, more savings is always better since we are living longer and the prices will be higher later. Talk of higher inflation is already moving money from bonds to stocks. Second, if we have time to invest (retirement is 5+ years away), we should be investing in stocks not bonds. Yes, the stock market has already gone up over the historical average of 11% per year but there is no alternative. Savings at under 2% per year will not even cover the price increases for one year let alone for our future. Third, given the historical inflation rate of 3%, we must invest in stock or balanced funds and the cheaper the better. There is no reason to pay 2% commission, fees, trading timing failures to someone who cannot guarantee inflation-beating returns. Most of us have not invested enough during out working years, so starting at 10% and increasing the percentage each time we receive a raise makes sense. Obviously, if your nest egg is low due to low returns or employment pause, you must increase it to stay on track for the future benefits of income. You can run simulations of your final nest egg balance and how long it will last here: https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf

https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

 

Is AFLAC insurance right for you?

This pays you cash if your accident or illness is covered. You will not receive what you might expect given the premiums you have paid. The insurer pays claims at about HALF what you might expect to receive after your health insurer pays your medical bills. This is an insurance company and they determine how much your payout for an illness or accident will be. Not every situation is covered. For many folks, this is a “forced savings” product. That means you might be better off putting your premium into an emergency fund—a balanced mutual fund at low cost or high-paying bank CD. A disability policy that your employer pays means that the benefit you receive is taxable income to you.

https://www.amazon.com/dont-have-money-Financial-Emergencies/dp/1537636707

 

 

Will any of these 55 tax avoiders actually pay the 15% global tax?

The global minimum tax is a way to prevent large multinational corporations from shifting their profits to low-tax countries, such as Ireland (12.5% corporate rate) and Switzerland (8.5% corporate rate). Until now, this has been done by setting up subsidiaries in these tax havens. By maintaining a minimum tax rate of 15% in the vast majority of countries, there is virtually no place remaining (other than Kenya, Nigeria, Pakistan and Sri Lanka, which have not yet agreed to the rate) to shift profits to—particularly from intangibles (patents, trademarks, software, royalties on intangibles). Those who support the tax expect it will boost the global economy and incentivize multinationals to keep more profits—and the tax on them—at home. As it stands now, the tax would only apply to large multinational corporations. This means corporations with profits outside their borders exceeding $868 million. It would not impact the tax rate charged by the corporations’ home countries. Yet another layer of the global minimum tax is for the largest multinationals, with excess profits (profits in excess of 10% of revenue). The tax rate here would be 25%. The law has not yet been enacted by the U.S. So only the little people pay tax and the wealthy pay our Reps to keep it that way.

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

 

Wealthy folks avoid taxes by claiming dual citizenship in city, beach, mountains

You have your choice of 25 capitals and cities around the world where you can acquire residence through investment migration programs. The places are ranked according to 10 main categories that represent the most pressing relocation considerations: lifestyle, tax, education, real estate, health care, security, infrastructure and stability, as well as COVID-19 safety and the relevant investment migration program. All 25 locals are proactively welcoming foreign investors, and while some are clearly leading the pack, each has its strengths and particular appeal. And special companies will help you make it happen. Zurich, St. Helier, Lisbon, Rome, Monaco, Cyprus, Athens, Malta, Kuala Lumpur, etc. Avoid bad weather and taxes.

https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce-Taxes/dp/1540435148

 

Is working as long as you can right for you?

One of the biggest regrets some folks have is not seeing their co-workers on a regular basis. Many say they plan to get together but somehow it never happens. The benefits of working, even part time, are many. Many feel lost in retirement since their lives revolved around their mates at work. ‘Friends for life’ is how they describe those they have seen for 5, 10, 20 years. Unless you are working in a coal mine or warehouse, you should stay connected to your network. 1^st health benefits of seeing your group and receiving health care benefits can’t be discounted. Working requires using your body parts. The old saying, “use it or lose it” is true for many retirees. You may enjoy many more years with family and friends when you are active. You don’t have to gym or golf or run to stay healthy according to new research. Walking is fine. 2^nd because you are called upon to make decisions—any decision—you will ward off the onset of some possible memory or dementia problems. You won’t get stuck watching TV, playing computer games or staring at the monitor all day. You may even increase your skills in case you want another career. 3^rd you can spend more money. In fact, adding more to your nest egg will provide you with peace of mind. Your SS benefits will be greater since every year you do NOT take benefits adds 8% to your payout. You can work and take extra benefits after your Full Retirement Age without penalty. After age 70, your benefits do not grow larger but they may have doubled from the amount you would have received at age 62. If you are still working and contributing to FICA after FRA, your benefits are recalculated each year. So instead of $1,463.80 a month you could receive $2,975.00. Eventually, you will have to withdrawal funds from your 401k, IRA, etc so you need to plan your spending.

https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

 

Can you live on dividends alone?

Some investors accumulate enough stocks that pay dividends they can live on them as retirement income. The list of so called Dividend Kings provides a broad selection of stocks with a solid history of dividend payments. You know many of these firms already: Coke, 3M, J&J, but there are many not well known. Now you have mutual funds and ETFs of these stocks. The downside to ever increasing dividend income is dividend tax. To become a Dividend King, a company must have at least 50 consecutive years of dividend increases. Because of that high standard, it likely doesn’t come as a surprise that only an exclusive list of firms make the list. In 2021, there are just 31 Dividend Kings. This strategy provides the value tilt to your portfolio—growth stocks are light on dividends. “Dividends can offset losses if the market is declining and help with inflation.”

Make your plan complete: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

 

 

 

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

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

Our Jan 6 ‘Truth and Reconciliation Commission’

 

 

“The coup is ongoing”

 

Sentence for overthrow government: free to do it again

 

Judge: “attack on democracy ... unparalleled in American history.”

 

GOP aided and abetted the coup attempt

 

Supremes: overturn 700-year tradition restricting weapons in public?

 

How Govt wastes our money:

Manchin cancels paid leave for family health: women have baby on lunch break?

Manchin demands getting his way or gut services and structures: coal pays $491,949

Too little too late: countries to stop cutting trees by 2030: why wait?

Supremes: the bullies, mafia, criminals will be packing on/under the streets of New York

8,000 Air Force Service Members Miss Vaccine Mandate Deadline: 5,000 turn to religion

 

Navy Cmdr runs sub into mountain in SCS: Tesla autopilot or just incompetence?

 

 

SCAMS/SPINS:

Trump: take away Pulitzer Prize from newspapers I hate; “I am the chosen one”

Supremes TX ban: women can just “stop having sex” to avoid pregnancy decision

Supremes: TX sets up vigilante law: $10,000 if see abortion, illegal sex, devils, books,etc

TX to ban books from teens if “psychological distress”: can’t read of sex, race, etc

TX leaves Covid decision to parents but book & birth decided by TX gov: my rights?

 

Arbery trial: GA jury of all white men: judge admits “discrimination” already: fair trial?

 

Fake news is easy to poison our lives: Covid, immigration, pipe bombs to scare us

Fake news created by only 10 publishers: study shows who does most wrong info

Attempted overthrow of US government Jan 6 now called just ‘riot’: misinfo?

 

Trump: VA election of GOP gov was ‘fraud’: GOP win with ‘racist education’ ideology

Q delusion: QAnon believers Lemmings outfitted with “Trump-Kennedy 2024” shirts

 

Kenneth Welsh NJ caught stealing $3M tricked WellsFargo client accounts 

Xlear caught claim nasal spray prevents COVID "without … evidence" 

Tech Support Scams No. 1 Phishing Threat: pop-up alert disguised brand names

 

scammers claimed from Amazon, IRS, SS:  takes over computer for ‘refund’ to rob

Tactics Scammers Use to Lure Consumers based on science

GA GOP paid by robocallers to allow unlimited voicemail on our phones: tell him NO!

 

Big banks caught fixing ATM fees: pay fine and continue as usual: no jail time

Scams using your phone ID: Google Voice verification: use your phone ID as scam tool

Dealers caught overcharging for car loans even with great credit: pay $59K for $29K car

 

CA passenger assaults plane crew: flight diverted: give assaulters parachute; flight go on?

Tesla recalls 12,000 vehicles: bad software may stop car on a dime when you don’t want

Tesla autopilot trial: kills Banner by running into semi truck it did not ‘see’ at night

 

Jobs

Biden: Pope called me a ‘good Catholic’ and blessed my rosary?: US bishops deny Host

Unemployment comp NOT taxed: IRS sends 430,000 refunds $510 million for 2020.

FL women get prize for killing big shark: what fun! “We kept the tail, the head”

 

Denied job or rental or credit bec/ credit bureaus have wrong history on file for you?

 

 

Who owns your account now?

GOP or Trump Mafia? Another Trump critic is silenced: Gonzalez fears for family

How to separate the info from misinfo: you can learn to tell the difference: https://newslitproject.zoom.us/webinar/register/WN_stGsEmUpTGKuxLoxKkvEeA

 

ESCAPING FEDERAL TAX PENALTIES

Best college savings plans: 529 state choices rated

Vax effectiveness falls 50% in 6 months: study 800,000 complete

 

Miracles:

Conner Doss and Kane Daugherty saved bus driver with quick thinking action

Covid kills priest so congregation gets vaccinated in his honor

ObamaCare is more affordable in 2022 so more folks have health care

 

We have now melted the Earth “back to the Stone Age in some places”

Chile desert glass sheets from fireball exploding just above sand 12K years ago

Two condor chicks had hatched from unfertilized eggs: females can only make males

 

Finding a replacement for battery power: batteries are bad for environment

First oral covid-19 treatment pill approved in UK for UK test: replace costly antibody

 

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

 

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

Are ETFs right for you?

Are ETFs right for you?

Yes, you can trade exchange traded funds all day but at what cost? ETFs are index funds sold by brokers so you pay commissions/fees and you pay the 1.35% expense ratio of the fund itself. That makes some funds lose 16% for their 3 year return. The only reason to pay a broker and expenses for an index is to try to time the market. You have the chance to win big or lose big. I call this gambling and even the best gamblers in the market rarely do well. With millions of folks trying to find and use that special edge (your broker’s insight) it is just mathematically impossible. But as you have heard, gamblers have eternal hope that the strategy that doesn’t work for others will surely work for them. In study after study, cost was the best determinant of an investor’s success.

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

How do you avoid taxes on your excess cash?

Buy tax-FREE municipal bonds if your tax bracket is high. This is the traditional solution for the wealthy. But if you are not wealthy and still want to reduce your tax bill, buy quality stocks that don’t produce dividends. Since you would prefer not to lose money, buy a firm that seems to have a diversified portfolio that ignores business cycles. One firm that stands out over time is Warren Buffett’s Berkshire Hathaway. It owns GEICO, Coke, Wells Fargo, American Express, Kraft, BNSF rail and others. It has symbol BRK.B. It has growth and profits. Over time the stock has gained about 20% a year for shareholders. You pay tax only when you sell. Buffett has called this method an ‘interest-FREE loan from the government.’ His tax rate is 17%--HALF that of his staff at 33%.

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

New way the wealthy maintain their wealth: summer camp

Is your child at this kind of summer camp? Do they spend their summer camp learning how to grow their wealth? If this is something you might be interested in but just can’t afford it, there is hope. Your kids can learn the real secret to building wealth by using a little used tax shelter for those making under $120,000 or $189,000 for couples. They can put away $5,500 a year and end up with TAX-FREE $500,000. The teacher at this summer ‘camp’ is the most experienced investor of our lifetime: Warren Buffett. He recommends your child use a simple formula that anyone can learn. And because he is the ‘advisor’ not some Wall Street slick, there is no cost to invest. He will not be taking 1-2% of your kids money each year to assure that the firm knows best. He will help them learn how to control their fears about money and investing. And as proof that his strategy works, he explains how he recently beat the strategies of multiple Wall Street gurus. That kind of information is priceless but because Warren already has more money than almost anyone, so there is no charge.

This is your child’s chance to be wealth. https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Get best price for your home and skip gains tax

There are secrets to selling your home successfully. You have to prepare your home and find the right agent to help you in return for your 3%. You may also skip taxes on the gains in your home since you purchased it. And you can even skip the gains on your rental properties. IRS says take your gains FREE up to $500,000 for couples. If you spend 2 years in your rental, you get to save gains tax again. Rental properties can provide special tax benefits while you build equity. Like Trump you use other people’s money to add value to the property and deduct expenses from your income taxes. When you sell, you keep up to $500,000 in gains. Timing is important.

https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Is Aflac insurance worth the money?

What does the lapsed-in force ratio tell us about this kind of insurance? Aflac customers quit at about the same rate as new ones begin. For 2017, annualized premiums in force was $5,896 billion, new sales, including conversions, of $1,552 billion, and Premiums lapsed was ($1,525) billion. So new replaced lapsed. The duck commercial gives the impression that we can receive money when we can’t work. Most states require that employers carry workmen’s compensation for just this need. Some even provide temporary disability insurance and sick/vacation time. Also, if you have a savings fund or other income, this policy may not be needed. Other buyers have had their problems with this coverage. Sales are necessary to maintain the cash flow so Aflac concentrates on that. When a firm must concentrate on sales, sales bonus and prize trips are the expense that you must pay. Expensive incentives are your costs. Consumer Reports has concerns too.

Look at all alternatives: https://www.amazon.com/Disability-Insurance-Cash-better-Self-insure/dp/1481843893

New ways the wealthy avoid taxes that we have to pay for them

The Trump tax breaks allow the newly wealthy to avoid paying capital gains taxes on their $ millions worth of stock. They can also claim a charitable deduction that most likely saves millions of dollars more, and probably reduced their personal tax bill for years to come. How? Donor-advised funds, allow wealthy individuals like Mr. Woodman founder of GoPro to give assets — usually cash and stock, but also real estate, art and cryptocurrencies — to a sponsoring organization like the Silicon Valley Community Foundation, Fidelity Charitable or Vanguard Charitable. They get the benefits—tax cuts of 50%--and then get to grant it to their favorite organization. This gives them influence without negative press or taxes. The Trump administration said it would stop requiring these nonprofit organizations to disclose the names of large donors, a change that will make it easier for some political groups to hide their funders. Now they can make policy without any accountability. Since they don’t pay taxes, we have to pay for the courts, police, military, roads, airports, etc. The rich use all the services but don’t pay for them.

You can have a Trump tax shelter too: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Are Dividend Reinvestment Plans right for you?

These plans automatically buy more stock with your dividends from the stock. Typically you are putting all your eggs in one basket and for someone in a low tax bracket like a child, this is great. A $2,000 investment in Pepsi in 1980 would be worth more than $150,000 by the end of 2004. You would have started with 80 shares, but by reinvesting dividends, you’d now have 2,800 shares.  If you have a favorite firm you may be able to buy direct from it but watch the brokerage fees and DRIP charges—nothing is FREE even for young investors without money. It would be good to research the lowest fee highest yield stock so you earn over time. However, there is no guarantee that your pick will keep raising dividends. Of course, most mutual funds offer FREE dividend reinvestment as part of their share ownership. Buy broad markets earning 11% over time.

https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Our broker/advisors will now have a background check

BrokerCheck information about our representative is accurate, complete and up to date as possible claims FINRA, the brokerage trade representative. Our advisors are monitored by the securities regulator using form ADV. https://www.sec.gov/fast-answers/answersformadvhtm.html. If you feel there is something wrong in your account or their behavior, report it immediately to these regulators. Brokers with questionable records tend to move to new firms so it is best to track their missteps going back as far as you can. And don’t let the publicity of a big firm cloud your research. EG: Morgan Stanley needs the fees as much as a small firm. Presumably FINRA checked on this broker before she moved to a new firm. Now that the Fiduciary Rule has been eliminated by Trump, we have little protection except by our own due diligence.

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

Is your broker/advisor’s Financial Plan right for you?

They will be paid more if you buy their Financial Plan. And don’t be surprised if the Plan calls for more products. Morgan Stanley has released their comp grid (pay scale) for next year. The most radical aspect of Morgan Stanley’s plan is tying pay changes and bonuses to individual customer accounts rather than to overall production that can be generated from a small percentage of a broker’s book (your account), said insiders and consultants. It’s also the riskiest in terms of winning broker acceptance, because he or she needs widespread adoption across clients to make a meaningful difference to compensation.

“You’re going to need to fundamentally shift your business approach for this to add up,” said Andy Tasnady a comp consultant. “In the past, it hasn’t been designed at a micro level for just a household.” They will earn more by moving your mortgage and bank accounts to their bank. Most firms strive for the “whole client wallet” meaning they control all your money. Just remember that you will need help taking all your accounts back. Merrill Lynch is actually lowering payouts if you don’t buy their plans.

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

Make America, “The Don”, Great Again

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

Conspiracy against the United States, conspiracy to launder money, conspiracy to receive Emoluments from foreign states, false statements, subverting constitutional tax power, obstructing justice, failure to secure voting systems from attacks, and Foundation self-dealing.

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

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

Trump war on immigrant families has not stopped influx.

Mueller investigation follows mob conspiracy path: Lawyer forced to testify?

Prosecutors gave OxyContin maker fine for deaths and Giuliani saved them jailtime.

Trump lawyers to kill ObamaCare’s protection of pre-existing illness clients

Trump military parade costs $92 million; Pentagon cancels; Trump goes to Paris!

What happens when you don’t show up for work? Our reps dock pay, fired, something?

SCAMS/SPINS:

John Maccoll UBS MI caught stealing $4 million ‘diversification’ investment fraud

Richard Moseley Hydra caught collecting unlawful debts, fraud, conspiracy $14 million

Scott Kohn NV Future Income Payments stole $100 million in pension buying scam.

Nationwide Ins promises 15% guaranteed on life insurance

David Laurance Tomahawk Exploration caught oil drill fake projections

LifeVantage sued for being a pyramid

Lockwood Advisors BNY Mellon caught undisclosed wrap fees hidden in ‘net’ price.

Alexander White Paul Vandivier Chad Lewis caught selling unregistered investments.

Citigroup’s 1-year ‘structured note’ claims cushion inversion in yield curve: Bet now!

Ameriprise failed to safeguard retail investor assets from theft by its representatives.

Valley Electronics Daysy contraception may not work.

Citrus World and Florida Natural Growers selling ‘natural juice’ that isn’t.

Crisco Virgin Oil Spray that is not an ‘extra virgin’ at all. Extra? How?

Trump destroys FBI agent for 1^st Amdmt tweets The Don does not like. (like Putin does)

Trump says Putin rigs election but fails to protect US.

Trump Supreme nominee: Trump can ignore any law deemed unconstitutional by self

Pence: president can be removed for lying and immoral acts and lack of integrity.

Brennan former CIA explains why he defends America against tyrants here and there.

Home insurance: you don’t get what you pay for

When we all have guns for ‘protection,’ who will police shoot first? Safe in your home?

               police shoot owner who already shot intruder. All kids have plastic killer guns?

Jobs:

MO says no to GOP right-to-work law: stops union busting

Carrier employees after Trump gave firm $7 million to keep 700 employees in Indy.

Retire? Never! I switched to part-time instead; saved in Roth IRA for Tax-FREE.

Wages same 40 years ago with inflation: same as $2.50 1964; $22.65 2018; 1973 $23.68

Money and job keep us up at night: relationship is No 1.

Extra cash with part time job: 40% of us average $700/month

Who owns your account now?

Putin owns FL voting system: Nelson on cybersecurity comm. Trump: election rigged.

Bankruptcy: 3 times higher than 1991 for seniors: health costs, no savings? Get help.

Wells Fargo blames computer for illegal foreclosures

Health and drug companies fighting against single payer plan already

Stream movies for FREE with Consumer Report pics

Your DNA test may influence your future insurance needs: rights vary or change.

JPMorgan to Shut Investment Accounts for Foreign Retail Clients: Laundering?

Inflation rising: Shelter 41% of core CPI is running at a 3.5 percent annual rate.

You can lose SS benefits by NOT knowing the rules: Visit your local office.

Amazon taking your Defense secrets into cloud. Old computers are broken. Jeff has new!

Miracle:

1000+ children molested and no one goes to jail: even cover ups succeed; no jobs lost!

Time for Pope to end celibate priesthood: Catholics and Church are ready for the change.

         Early church had women and married men leaders; celibate priests added 1123.

FL wakes up from ‘stand your ground’ BS: Black man had no gun. Not fair gunfight!

IAN

41 Watchung Plaza, B242

Montclair ,  NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts