Should you sign a vendor liability waiver?

Should you sign a vendor liability waiver?

Yes, as your favorite entertainment venue, a retail marketplace, restaurants and gyms open up for business, you will likely be asked to share the risk. Most businesses are asking their lawyer to draw up waivers. By signing a waiver, you are agreeing to the fact that the company wants you to assume their risk of operating. You might want to know if they have taken all precautions to keep you safe. Have they sprayed? Is staff tested on a regular basis? Are customers required to keep their distance? Do they limit the number of customers at a time? Do they require customer masks? If they don’t know or the terms of the waiver are vague, don’t sign. If they just put a sign on the door that you “enter at your own risk,” wait for another month or two, as these scientists point out.

Remember, the states that opened on Trump’s order are now experiencing more cases.

Avoid the risk: Better safe than sorry.

Is a Roth IRA conversion right for you?

Fidelity Investments saw a 76% increase in the number of Roth IRA conversions in the first quarter of 2020. If your income has dropped due to job changes -– pushing you into a lower income tax bracket –- then it may be a good opportunity to convert to a Roth IRA. All your future gains will not be taxed. If your business lost money, the taxable loss can be used to offset other income on a personal tax return. IRA money is taxed when you convert because you did not pay tax on the contributions. You can control how much you convert so you can control how much you are taxed. You will need to do the math on your tax and probable income this year to decide on the amount to convert. If you do not have the extra cash to pay the tax next year, then converting just makes your taxes higher. However, the great benefit of a Roth is you can better manage your RMDs (required minimum distributions starting at age 72). Income in retirement can be controlled better since you have choices between taxable and non-taxable sources.

Use your legal tax shelter: https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

Where can you receive 2.4% yield for retirement income?

Quality bonds and steady dividend paying stocks. Isn’t that a better alternative to historically low rates from bonds and annuities? Consider a proven balanced fund like Vanguard’s Wellesley Income Fund. As of early June, the yield on 10-year Treasuries is only 0.66%, while Bloomberg Barclays Aggregate tracking index funds are yielding just over 1%. You cannot rely on bonds alone for the foreseeable future. Who knows where your stocks will end up in 2020? A low-cost balanced fund may offer you the best of both worlds in this environment. Over time, balanced funds provide the inflation hedge you will need long term. Average annual returns of 4-6% provide growth. Remember, your spending power is reduced by inflation every year—reduced 50% over 20 years. A 1^st class stamp cost 32 cents in 2000. Now it’s 55 cents. Social Security may not keep up with your purchase items’ inflation. SS benefits will be cut by 2034.

Plan now: https://www.amazon.com/Your-Retirement-Mutual-Funds-retirement/dp/1481114026/

Market rebound confounds all the fortune-tellers

Very few Wall Street gurus know that the stock market would bounce back so hard that their strategies would be crushed. The S&P 500 has rallied more than 40% from its March low amid central bank stimulus and better-than-expected economic data, defying warnings about elevated valuations and a collapse in profits. The Nasdaq 100 last week climbed to an all-time high, making a full recovery from this year’s bear-market decline. Timing the market is a loser’s game. At Friday’s close of 3,193.93, the S&P 500 exceeded all but four strategists’ year-end targets, based on a survey of 18 Wall Street prognosticators last month. So which strategy works? Certainly paying for bad advice only detracts from your long-term accumulation. Actually, over time, if you pay 2% for advice and trades and annual 12b-1 fees, you are giving your vendor HALF of your possible total returns.

Use the Buffett strategy: 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?

With presidency usurping power of Congress and Supremes, American ideal is at risk.

Mobster: making cities military “battlespace” violates our Constitution

Trump’s riot police gas murder protesters for Mobster’s religious propaganda

Mobster plans to invade and occupy Seattle

Mobster has Supremes primed for election nullification: coup d'état 

Mobster: 75 yr old faked police push & head bleed: desperate!

Mobster OK to kill bear cubs and wolf pups for sport: Evil?

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

Police militarized against own citizens: Putin’s police state; China’s military police

Trump to call 10,000 military to guard new WH fence: black fence keeps him inside

WH fence is commemoration to the loss of the “People’s House” Real courage

Hospitals with $ millions got our tax money to overpay management; still layoff staff

Jared’s $91 million mistakes: medical supplies never accounted for: donors rewarded?

Jr’s hunting trip to illegally kill a sheep cost us $76,000 for Secret Service protection 

SCAMS/SPINS:

DC Mayor: Giant street sign for Trump to see each day: ‘BLM’

Trump claims victory over econ, virus, race, protesters, etc. Tulsa rally on holy ground

GOP going with Trump even if bad outcome: captured party Make America White Again

Trump rally: you must sign you will not sue Trump etal if you sickened or injured by rally

Military now regrets being used by Trump for political purposes but doing planes tanks act 7/4

Meat prices up 8%: Price-gauging protected by Trump order to stay open despite deaths.

Fact, not QAnon: TX says new 1,935 virus hospital Monday from reopening early: fact!

Trump claims 75 yr man police stormed over was antifa:  he knows he’s a fascist.

James Nielsen CA caught 'pump-and-dump' scheme to boost profits in a biotech Arrayit

Louis Navellier caught in fraud of Vireo AlphaSector Ponzi-type scheme. Fine no jail

Hospitals Got Bailouts and Furloughed Thousands While Paying C.E.O.s Millions

Rising Eagle JSquared caught robocalls falsely claimed offer health insurance plans: fine

Earl Miller IN caught selling investments in ‘green’ energy products to Amish: no jail

Drug makers caught raising prices of generic drugs: hits unemployed hardest

Ford wants redo on 2 million door latches that don’t work well after 5 million recall.

Fruits/vegetables may be next for Trump order to work thru virus

EPA bans 70 fake virus products from sale online stores

Biden: 10 to 15 % of the people out there are just not very good people Hillary speech?

Biden had police lobbyist write his crime bill: “Never said no” to police desires.

In counties where police received military equipment, police kill more pets too

Congress gives police immunity from prosecution: GOP/Trumpers: OK continue to kill

Louisville police: Breonna Taylor incident report. It's virtually blank: killed 8 times.

Scam Q&A: https://www.aarp.org/money/scams-fraud 877.908.3360

Jobs

Learn to save and spend: money basics

Your business may qualify for IRS tax relief through credits or deferrals.

Police and Floyd bouncer: did murderer have revenge in the killing so police stood by?

Who owns your account now?

In-ground burial spots going fast: men more likely avoid $10,000 full do: going with fire

GOP has confounded easy voting many ways: our voter account may not work Nov

Miracle:

Trump mailed-in vote to FL but does not spend 184 days in his FL ‘home’? It’s a club

Trump: “I’ve done more for blacks than anyone since Lincoln” His base is angry!

GOP still clings to their savior who makes “a mockery of the Constitution” Going down

Army lawyer Joseph Welch leads END to McCarthyism decent into American fascism

Good Neighbor helps buy groceries

Scientists of contagions estimate time to return to normal: gyms are hardest

No-Knock Warrants Banned In Louisville after EMT killed 8 times: can you be next

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

What to do with your $1200

Suggestion list: What to do with your $1200 or $2400

Hold on to it for essentials as the future is unknown. If you must have cash to buy an essential down the line, you have it. Doctors, landlords, lenders, utilities can wait—they have reserves and access to federal lending programs we don’t have. Many states are making evictions and shutoffs illegal. If you have been laid off, explore your health care options. Trump says he will pay hospitals for C-19 care but what if you break a leg running your part-time business or fighting to get into the grocery store. Use some of your money to start/expand a hobby. People need something to do at home so offer your hobby/book/toys/etc over Amazon eBay, Craigslist, Facebook Marketplace, etc sales process. You may be allowed a tag sale in your front yard as long as you have 6 feet lines on ground. Better yet use Craig list. I sold an attic house fan that way. Never take anything on the internet for truth without ‘trust but verify’. I go to 3 other sources before I click. My garden center sent me an email offer with link to see details. I emailed them directly and they confirmed it was a scam/phishing from theft of their email list. Explore your situation. Ask your employer for help: vacation pay; forward sick time, student loan, etc. Ask your vendor for a couple of months wait in writing.

Gov resources to help deal with virus recession:

VIDEO: CARES Act Mortgage Forbearance: What You Need to Know

Guide to coronavirus mortgage relief options

What you need to know about student loans and the coronavirus pandemic

Beware of scams related to the coronavirus

Online and mobile banking tips for beginners

How the rich avoid paying taxes anywhere

It is easy—live where you want to but claim your legal residence—citizenship—in a country jurisdiction that does not tax money earned outside that country. In essence live in a tax haven—just officially. The rich maintain an intense schedule of travel using a virtual single-family office of professional management over their businesses. With accounting firms geographically dispersed, each is the cornerstone of their single-family management office. Their virtual family office coordinates experts and specialist serving the needs in specific geographic areas. This management scheme helps the wealthy be everywhere and nowhere at the same time. They are true global citizens—avoiding all local taxing and legal authorities. They even get C-19 screening tests immediately for free. Since money is no object, your family office will provide low taxes on your income from everywhere in the world and you just charge it to your personal credit card. When your yacht needs maintenance, the office in the country where it is docked takes over. Almost all your possessions and assets are owned by one of your companies so a wealth tax is as ineffective as the US income tax. You are not subject to jury duty or military service. Set up your own tax-free system here at home.

Create your own tax-free account: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

Does Trump receive a tax deduction since his name is on relief checks?

Will Trump’s accountants use the fact that his name appears on the check millions of voters receive use it as a marketing expense deduction for the campaign for president? In past campaigns, the use of his name has been a deductible expense. Why else would Trump insist to the Treasury Mnuchin that the IRS must delay checks by printing his name on the checks?  "During economic downturns in 2001 and 2008, President Bush included his name on letters sent in advance of recovery checks." The IRS refused to put Bush’s name on the checks. An observer noted that to avoid the potential for corruption or misuse of funds, a civil servant – not the president or someone appointed by the president – signs the checks. Trump wanted to actually sign as payer. Now he denies it and blames his staff. Treasury denies that coding software and reprinting the checks with Don’s name will NOT delay delivery despite previous reports. One Rep said: "So Trump is delaying the stimulus checks so his signature can be printed on each one. Him first. You second. Always." Trump makes $59 million on his name image.

Ebay: The Don’s check for you: $17.99

Experts don’t know when businesses will restart

Every financial guru says they know but they are just guessing. This is not like any recession/depression before so we need to make plans to survive. Many are rescheduling their cruises in 2021 but that is more marketing (25% off). Wall Street’s ups and downs are just positive thinking by speculators. Politicians’ forecasts are biased. Some businesses will not be able to come back so the unemployed may have to shift jobs. More than 16.8 million Americans filed for new jobless claims. Some can’t even get the form to file. States’ cash is low. If there are over 10 million looking for work at the same time, it will take months to rehire/restart/restock for next year. Think of the lines when ads post 1,000 openings. Get refunds. Don’t waste that $1,200 paying bills. Doctors, landlords, lenders, utilities can wait—they have reserves and access to federal lending programs we don’t have. Many states are making evictions and shutoffs illegal. Perhaps a temp job will keep you motivated and fed for a few months. Prepare a budget to cover food necessities for 6 months so you don’t panic. We just don’t know and panic is all we can control now. During the ‘30s depression President Roosevelt helped us come together with a speech: “Only Thing We Have to Fear Is Fear Itself” Definitely worth reading today:

“Only a fool … can deny the dark realities of the moment.”

JPMorgan caught overcharging own employees again

JPMorgan sued for overcharging 401k employees: failed fiduciary: pensions will be cut. Paying the 2% fees over time causes total accumulations to be cut by over HALF. JPMorgan and 401k staff is robbing its employees of the pension they paid for. Like many other large and small companies, the owners seek to make the 401k plan a profit center. The fiduciary duty—making investment options that are best for the employee—is required by law. Almost every new hire is given poor investing advice by the HR department in charge of signing employees up for the owner’s plan. Most HR people are not financial planners so they tell most young and old employees to put all their money into so-called stable funds. HR recommends these funds so that the owner will not be sued when the employees account value goes down. However, for anyone under age 50, these are the worst investment choices since most employees have time to grow their accumulations at the market rate of 11% not 2%: stocks vs bonds. Morgan employees, like most 401k members will end up with $62,000 instead of $195,500. Only the enlightened employee will put all their contributions into the low-cost index fund if they can find it in their plan’s 56 page brochure.

Stop the theft: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

Why file your taxes ASAP?

If you have refund, waiting gets you nothing. Could the IRS run out of money? Could gov computers make a mistake after April 15 because they did not get the email about extension to July 15? Is it possible there will be big delays since all the IRS and check printers are out of the office now in virus lockout? Just to avoid all the bad stuff, file now. Check your state for deadline. The federal and state filing 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. File now for refund: 90 day interest-free extension if you owe. https://www.irs.gov/pub/irs-drop/n-20-18.pdf

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

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

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

If it takes a village, the village idiot is in charge: “metrics up here” (his head)

The Village Idiot threatens to adjourn Congress

Idiot declares: “We have the right to do whatever we want”

Village Idiot: “It is my decision to reopen the US economy”

IDIOT puts Real estate developer/clothes maker in charge of reopening our nation

Real doctor (not the village idiot) says we WON’T be back by May 1

Village idiot shut ObamaCare just like revenge on Idiot’s family

Village idiot voids OSHA: don’t report virus—election coming

Village idiot orders his name put on relief checks: election messaging

A crisis brings out the worst in dictators: Easy to end democracy

How Govt wastes our money: Congress spends another 3.7 Trillion we don’t have! 

Airlines favored by Mobster receive $32 Billion in bailouts: we pay for their bonuses

Boeing hires lobbyists to obtain more bailout money, loans: we paid $17 B already

C-19 law allows HSAs and FSAs money for over counter meds reducing taxable income.

We will never know who is getting $ billions in bailout money: Lobbyists know

Trump orders FEMA to buy supplies from Canada firm in no bid scheme: stock soars

While Rome burns … Trump plays The Apprentice daily; Congress is on vacation?

Millionaires’ hedge funds may take C-19 relief funds by filing as ‘small business’

Trump, Kushner, wealthy will gain $ billions by deducting 3 years of losses. Virus law.

Navy ex-chief spent $243,000 to give 15 min speech blasting its captain: dock his pay!

Trump pays $5.50 a mask to James Punelli who has no experience making them. 3M gets $0.63

SCAMS/SPINS:

Trump did NOT fire the ONE watchdog who refused to give Congress Trump’s taxes

Surprise medical billing: very wealthy squeeze/bankrupt workers even with insurance

GOP slips into C-19 ‘relief’ an extra $90 Billion tax break for super rich: ends ’17 limit

Scammers ask for ‘processing fee’ for relief checks: No fee and no withholding tax!

Williams- Sonoma admits fake claim “Made in America” for its stuff

Travel insurance is really to insure sellers don’t lose money: they keep our money

Favorite virus scams: cures, faster checks, secret stuff, virus gear, toilet paper, taxes etc.

H&R Block bait and switch: charging for “free service”: Fee from refund stops $1200

Some insurers are not even acknowledging let alone checking claims from businesses

Michael Altobell CA caught mismanaged client accounts suspended

Richard LaBare CA caught ignoring investigation barred

Gerald Eaton MA caught mismanaging client accounts suspended

IRS offers scammers a new tool: enter data get check for each fake ID you use.

Cuomo throws up a coalition for the future Dem view of world: challenges Mob rule

FL to reopen schools: GOP Gov thinks kids not affected by virus

GOP Biggs and Buck attacking Fauci for cutting virus deaths: Reps have ObamaCare plus

S Korea had only 25 cases Apr 13: those who don’t learn error are forced to repeat it.

Virus misinformation grows: uncovering the truth: adults crying out for attention

SD followed Trump advice and now virus hot spot: will test Trump-cure drug on humans

Pastor held services against ban on groups and then died of the virus: evangelicals note

Trump fixer Michael Cohen gets out of jail early: Trump’s lawyer sends him home.

Untested virus antibody tests give false hope of immunity: sets up 2^nd wave of deaths

Are ventilators actually killing some virus patients?

Trump uses them as political tools. FEMA seized state order so Trump can give to GOP.

Trump sending med supplies to countries despite domestic needs: CA nurses get none.

Labs have no funding for national testing to secure return to work: No plan; just talk

Marshal law TX FL RI: troops take ‘foreigners’ off roads; house ‘arrest’ for 14 days.

GOP Hollingsworth wants to save GDP even if it kills us all: He has great health care!

Facebook Google delete virus conspiracy theories from politicians, TV stars, fake news

Jobs

Delta tells sick employees: don’t tell fellow workers you are sick

Smithfield Foods will continue to pay its 3,700 employees during the 14 day closure

Self-employed may get unemployment comp or paycheck protection

Fidelity Investments hires 2,000 to work the phones

Your lawyer still charges court rates from her bed or pool: how fair is that?

NYC transit workers who die during the virus period will leave their families $500,000.

Who owns your account now?

As banks get bailout money, they make it harder to get a low-rate mortgage: Cake and eat it too

Soon our waterfront property will be under water: when to change location accounts?

Contract workers, gig, DBA owners guide to relief loans: something for everyone.

Vanguard others close fed money market funds to keep yields high: Fell to 0.6273% from 2%

Trump’s FHFA declines to bail out mortgage industry when borrowers miss payments

Miracle:

Doctor makes ventilator from items from hardware: why GM takes months at $10,000 ea

7 year old delivers groceries to elders

Super moon landing in San Fran bay: close est (to earth) encounter this year

First time president has declared major disaster in all 50 states at once

First time president insists his name appear on Treasury checks.

First family puts secret service staff at risk: Ivanka Jared kids travel despite Trump rule

Create internet powered Chromebook from old laptop

New blood test finds 50 cancers before symptoms: early detection saves lives

Antiviral drug, also known as "GS-5734" shows promising results in trials

10 lost apple varieties found: rediscovered apples planted by NW pioneers.

Great toilet paper substitute: Amazon commercial facial tissues Thanks Jeff

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Our new medical system: scrubs worn just for the ‘TV show’?

Our new medical system: scrubs worn just for the ‘TV show’?

You get to watch the Dr Skow ‘Show’ while he examines you from his (phone?) screen hundreds of miles away in the telemedicine center that provides remote emergency care for 179 hospitals across 30 states. Physicians for Avera eCare work out of computer screens (soon phones) instead of exam rooms. They wear scrubs ‘to look the part’ of traditional doctors on camera, even though they never directly see or touch you, their patients. If you can’t afford a real doctor, this is what you get for your $144 a month Medicare B payment. Rural America’s busiest emergency room is in fact a virtual ER located in a suburban industrial park. Instead of 25 doctors and staff, you now get 5 people in the room. None were doctors. None had significant experience performing emergency intubations. Downside: you still may receive a ‘surprise medical’ bill since another doctor may ‘consult’ by computer while you are in the ‘ER.’

Buy only what you need: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Holiday gifts for your family

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

High schoolers: https://www.amazon.com/Financial-Literacy-Steps-Success-Money/dp/1491044616

First car buyer: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Baseball fan: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

First job investors: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355/

Newly weds: https://www.amazon.com/Marriage-Money-Book-Start-Together/dp/1517572525

Smarties: https://www.amazon.com/Personal-Finance-Smarties-Not-Dummies/dp/1469973030

‘I don’t know a thing’ investors: https://www.amazon.com/Your-First-Mutual-Fund-FREE/dp/1976074118

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

Family Do-It-Yourselfer: https://www.amazon.com/DIY-Financial-Independence-Freedom-Workbook/dp/1088908500

Tax-FREE retirement: https://www.amazon.com/Tax-FREE-Retirement-use-code-lifetime-income/dp/1475206976

Your religious members: https://www.amazon.com/Enough-Retirement-Income-Incarnate-living/dp/1500165107

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

Yoga fan: https://www.amazon.com/Keep-Simple-Essential-Financial-Life/dp/1492258849

Family tightwad: https://www.amazon.com/Buy-Value-financial-services-like-groceries/dp/1489513078/

Young hate taxes: https://www.amazon.com/Tax-Shelter-for-Young-Americans/dp/1500426520

New parents: https://www.amazon.com/Where-can-your-child-invest/dp/1492164240

It will take a miracle to retire: https://www.amazon.com/Miracle-Compounding-Turn-9-day-into-million/dp/1470176513

What is the best investment strategy for you?

Fidelity study: best investment strategy for accumulation over time was leaving your money alone to work for you by itself. The accounts that were forgotten or owned by dead people showed the best performance over time. Warren Buffett, one of the best investors, says the same thing—“We continue to make more money when snoring than when active." If you are not going to let your money work for you (impatience), it won’t grow as fast. This implies that Wall Street ‘professionals’ cost more than they are worth! Fees, trading, timing, special opportunities, etc are how we give up 50-60% of our overall potential accumulations by giving a ‘professional’ control of our money. In almost every period, we investors are better off using an index than an advisor: 11% vs 3.79%.

Let Buffett be your advisor: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Your fund’s return--market index up 26.03%?

Low-cost investing in a diverse company fund like the Vanguard 500 can help you meet your goals. It also provides greater diversification, less volatility and more predictable earnings over time. We don’t need to worry about picking the right stocks or time to buy them. Most working people can accumulate $1 million for retirement with just one fund automatically invested from their paycheck. It is so simple: it’s like brushing your teeth—once you start it becomes a habit you do ‘automatically.’ This is Buffett’s strategy for investors: “A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money.” He says you put your investment on autopilot and forget it. Chart: your total goes down sometimes but then it goes up 11% over time.

https://www.amazon.com/Building-Wealth-Like-Brushing-Teeth/dp/1470141469

Is a ‘buffer’ annuity right for you?

Advisors love to have a new product to talk about so you should expect to hear this one buzz at you. Buffer annuities are invested in complicated structured products (such as options contracts). Structured products often provide the potential to offer higher returns, but also carry more significant risks than the traditional mutual fund investment because of the types of underlying investments (including emerging markets and REIT index options, which can be inherently more risky). Thus they do NOT provide full downside stops—only buffering your fall partly. Compare this situation to a variable annuity which provides less and an indexed annuity which provides more protection. Your ‘buffer’ is more complex and thus more misunderstood than a simple indexed annuity. ‘Buffers’ probably cost more because of the controlled risks involved in structured investments.

Avoid the unknown: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

Social Security benefits

The 2020 cost of living increase will be eaten up with a higher Medicare B 2020 increase to $144. If medical costs are part of the ‘cost of living’ index, you would think the SS increase in 2020 would cover the medical increase. Since all the rules for SS benefits are complicated, who can argue? Most retirees agree that we should have started saving for these increases long ago. We should have dealt with inflationary increases by investing in securities that matched the long-term growth of successful businesses. We must own stock in a bunch of successful businesses and earn 11% over time.

We still have time: https://www.amazon.com/Forget-Social-Security-Medicare-Lifestyle/dp/1466394285

Tax-FREE retirement just got bigger

IRS just increased the amount we can stash in our tax-deferred or tax-FREE accounts. We can put up to $26,000 into tax-advantaged accounts. Regular 401k and IRA reduce current taxes but cost more when we retire. Roth 401k and Roth IRA provide more tax-sheltered money when we take money out. We could invest $250 a month in a Roth 401k, receive our company match and spend $1,000,000 tax FREE later: Cost only $99,000.

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

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

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

Witness testimony brings mob-type treats to family.

‘Presidents do this [bribery] all the time’?

 ‘I will give you military aid if you investigate Biden, my election opponent.’

Stone, Trump’s liaison, convicted obstruction, false statements, witness tampering. #6

Giuliani under 3 separate investigations. #7?

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

Trump buying or just taking TX land from family farms for WALL easily breached.

$7.5 Trillion uncollected taxes from ONE percenters makes our system a joke for US.

Supremes hide Trump’s financials from Congress: democratic check-balance dead!

Trump’s businesses funded by US: mob lieutenants eat/stay only at his restaurant/hotels.

Trump puppet spent $3 million to improve her image: Pence aide to cut our benefits

GOP buying up Jr’s book in bulk making it a ‘best’ seller

SCAMS/SPINS:

Frederick Randhahn caught selling Woodbridge notes; not allowed: suspended & fined

Neil Burkholz Frank Bianco caught taking $6 million in Ponzi; options ‘profitable’

Joseph Viet Duy Phan caught borrowing from client w/o OK: defrocked

NYLIfe caught selling high-risk funds so clients lost $1.4 million: fined, refunds

Financial firms fight for growth by grabbing others’ clients: Goldman’s retail bank

Google opening checking accounts; Vanguard offering ‘human’ financial planning.

Goldman Sachs caught rigging prices for bonds issued by Fannie Mae and Freddie Mac.

"Secret Sister" an internet-wide gift exchange: pyramid scheme scams name, address, etc

Taxpayers making under $50,000 more likely audited than those making $500,000.

House to help SEC “recover money scammed from hard-working Americans." GOP ‘no’

Online scams: too-good-to-be true pattern discounts on Facebook Instagram: Research

Facebook spent over $12 million to tell 29 Congress members what Zuck wants/needs.

Sutter Health caught paying kickbacks to Sacramento Cardio Surgeon’s 3 docs for biz.

Hospitals/insurers to post prices: but actual full price omits millions of add-ons to bill. 

Drug makers caught pushing drugs through gifts to charity: healthcare system broken!

Overpriced unreliable vehicles from CR: Chevy, Jeep, Chrysler, Acura, Tesla, VW, Alfa,

Boeing board did nothing re: 737 until 2 plane crashes: investor lawsuit claims on board.

Juul markets flavors to underage kids because Juul knew unverified age: Follows tobacco

Trump scrapped ban on most flavored e-cigarettes, health concerns: fears losing votes! 

Netanyahu indicted on charges of bribery, fraud, breach of trust: sound familiar?

Trump: might testify at own impeachment: Nikki says he’s a ‘truthful’ person. Cool aide

N Korea says can’t use meeting with Kim for Trump propaganda anymore. Waste of time

Trump caught using family foundation as a mobster’s slush fund: legal abuse example

Trump claims to open new Apple plant open since 2013. Exempted Apple from tariffs.

Elections administrators: 2020 preparations for what could be record-breaking turnout.

Money speaks louder in elections: one voted $51.7 million: Mistakes: Bush II & Trump I

Who owns your account?

TD Ameritrade to Charles Schwab

Jobs

Jobs at WH: You get what you pay for?

Tax deferred & Tax FREE 2020 maximums increase: start early  

Miracle:

Venice under water again—can art history be saved? Reversing the tide of warming

9 yr old fills in for Trump’s food stamp cuts at least in one community: 8,000 lose food!

Predator of young gets caught in sting by teens acting out TV show: YouTube proof!

Pakistan’s glaciers melt: taking out farms; everything

Two separate communities—black; white—put aside politics for greater good: unity

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

Do income annuities really provide a “Worry-Free Retirement?”

Do income annuities really provide a “Worry-Free Retirement?”

Here is the claim: an income annuity provides insurance against outliving assets and not having sufficient spending power late in retirement. Income annuities are actuarial bonds. They provide longevity protection that is unavailable with traditional bonds. Retirees receive the bond yield curve plus mortality credits. Annuities increase risk capacity because the retiree's lifestyle is less vulnerable to a market downturn. Also, distributions from the stock portfolio can be lessened, reducing sequence risk and helping to preserve the investment portfolio. For those with a family history of long life, you will be assured of having some income for the rest of your life. You benefit from other annuitants’ short lives. However, this strategy is hardly ‘worry-free’ because 1. how much annuity to buy, 2. when to buy, 3. what about inflation: it reduces HALF the buying power of the benefit in 20 years, 4. how much for a later legacy, 5. there is no upside potential and no large asset in case of emergency needs, 6. annuities are non-refundable, 7. you forgo the total return of a stock portfolio—no dividends and no capital appreciation. Yes, annuities last for your lifetime but spending power and assets decline over time.

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

Even part-time self-employment can improve your situation

IRS just gave us the new rates in 2020. The Self-employed use many tax benefits not available to most mortals. For example, for tax year 1995, Trump claimed a $916 million LOSS that could have allowed him to legally avoid paying federal income taxes for up to 18 years. He and his accountants created the $1 billion paper loss by claiming business losses. Your business loss can offset your other family incomes like his did. Your business can even fund your retirement nest egg and still show a ‘loss’ on paper. You can deduct the cost of improvements (new tools, truck), meals for employees (family), your (QBI) rental real estate, routine maintenance, etc like corporations do. Most corporations pay no federal income tax. You can even claim part of your home and its property taxes. Also you can use these elections post-year end to achieve a desired tax result. You can pay your employees (family) as contractors and avoid some taxes and forms too. Some IRS changes hurt; some help.

Plan for tax increases: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300/

Our Attorney General told to find dirt for 2020 election

Trump pushed the Australian prime minister during a recent telephone call to help Attorney General William P. Barr gather information for a Justice Department inquiry that Mr. Trump hopes will discredit the Mueller report. If Trump can Bribe Ukraine for investigation of Biden then we won’t be surprised if he encourages other countries to buy adverts in Facebook and other media to present Fake News for the 2020 election. Trump has Barr working Europe to dig dirt. Trump has McConnell stocking the courts with his disciples so he will win any lawsuit against him in the future. Trump has ‘moved’ to FL to assure safety in this GOP state. Even the Supremes may be asked to keep his tax returns from a legal investigation. This sounds like a right turn in American ‘democracy.’ There is hope in a new FoxNews poll that has voters choosing Hillary Clinton over Trump and she isn’t even running.

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

Trump tax cut has cost $ Trillions with no economic expansion

Last quarter economic growth of 1.9% is a far cry from the “4 percent, 5 percent and even 6 percent” growth rates that Trump once promised to deliver. Every time the GOP controls Washington, they promise the tax cuts that will be paid for by more growth. This is like the gambler who takes the family paycheck and promises that this week they will win the lottery. Thanks to both a tax cut that did not deliver growth and a trade war that backfired, most Wall Street economists believe manufacturing is already in recession. Even steel plants, which were supposed to be among the biggest beneficiaries of Trump’s tariff strategy, are shuttering. Since most of us got little out of Trump’s massive tax cuts, we must prepare for the coming tax increases. GOP used to care about deficits.

Use your own tax shelter: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Is no-cost trading right for you?

Many brokerage firms are trying to get us to trade securities at no cost. But is this strategy working for you? A simple low-cost market index account is up over 24% so far. Even with no trading costs, can you really do better? How many market timers and special situations have beaten the market? Does your statement show the benchmark for comparison? Most don’t show your YTD total return number side-by-side with index. So how do you know how well your 1-2% fee strategy is doing over time? Most of us don’t take the advice of one of greatest investors, Warren Buffett: "The stock market is a device for transferring money from the IMPATIENT to the PATIENT."

Wait for the money to come to you: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Is your broker predicting bad returns in the future?

Morgan Stanley sees the market returns ‘tumbling’ in the future. Goldman sees no recession. Whose crystal ball do you believe? The analysts see the U.K. having the highest return potential for equities, followed by emerging-market shares. However, if UK is locked out of the EU by closing all borders, how can that happen? Is it even possible to predict the future? And if your broker can predict the future, what makes them think the UK is solid? Are you going to bet the ranch on your sales person who earns a living by thought persuasion? Predicting doom is easy since most of us are optimists and aren’t going to sell all for CDs. Is it more likely that a broad exposure to most of the markets will provide your best chance of positive 9% returns? Are you going to keep your money in 2% CDs for 10 years? Really? How will you know when to buy again?

Go with the best low-cost funds: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

What does one of the greatest investors recommend?

Buffett bet $1 million that his recommended investment—just one simple fund—would beat a Wall Street guru with 5 different strategies. Active money management does not help you more than it helps its manager. Buffett says: “A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money.” So why don’t more people take his advice: everyone thinks they are smarter than the market and can find the needle in the haystack. Over and over research shows you can’t. Most investors earn just 3.79% not the market index return of 11% over time.

Warren Buffett’s solution: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Looking for a trustworthy broker?

All the advice articles, including my own, suggest you do a search of complaints at the self-regulation organization called FINRA. However, its BrokerCheck does not have all the bad news and troubled past of many brokers. Those who have problems move to another firm and state and have their records expunged. Take a recent example: First Standard Financial was a registered investment advisor recently caught for unauthorized, unsuitable, excessive trading. It was notorious for hiring bad brokers who joined with questionable past activity and many customer complaints. The owner of First Standard is Carmine Anthony Berardi. His securities record has no listings for his 11 years in the business: https://brokercheck.finra.org/individual/summary/4879362#timelineSection. First Standard worked out of offices in New Jersey even though Carmine acts as chief compliance officer from Garden City NY. New Jersey shut down First Standard and froze its assets after finding its agents raked in more than $28.7 million through “pervasive unauthorized, unsuitable and excessive trading.” Potential customers would have no idea they would suffer under the brokers from this firm. You would have had to do exhaustive due diligence to find the true record of brokers like Andre Pierre Davis and William Christian Gennity who worked at First Standard. https://stockbrokerfraud.com/tag/first-standard-financial-company-llc/ Note that this malfeasance has gone on a long time and only now has First Standard in NJ been stopped. Customers will have to wait a long time if ever for their money back. You are better off with Warren Buffett as your advisor.

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

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

Like 1776, this period is a test of democracy—do we really want a Tzar as prez?

“I don’t like the Democrats, but Trump is destroying the Republic!”

FoxNews Poll: Clinton 43%; Trump 41% and Clinton isn’t even running. Void 2016 election?

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

Trump’s WALL is being cut open: smugglers know no boundaries—saws made in US.

GOP increases debt over $23 Trillion with wealthy tax breaks: rate: 17.7% vs our 32.9%

Trump keeps collecting EVERY phone/text message we make: wouldn’t stop 2^nd 9/11.

Trump’s financial regulators warned of shadow banks risky mortgage writing pre-crisis.

Trump keeps polluting our water with coal ash, mercury and arsenic for pol donations.

Trump to send troops into Mexico to ‘wage war’: History repeats US endless wars

Trump eases rules for sale of AR 15 to highest bidders around the world: terriorists?

SCAMS/SPINS:

Justin Amaral, MorganStanley caught churning (“rebalancing”) clients: defrocked

First Standard Financial caught unauthorized, unsuitable, excessive trading: bad brokers

BEWARE: ETF ‘free trading’ means you pay another way: “Wall Street not UNICEF”

Linan Abrego Merrill caught misappropriated client funds: defrocked.

Bolton Securities, MA caught overcharging fees: self-dealing 12b-1 fees

Early retirement can accelerate the usual rate of cognitive decline: Less interaction too

Living in especially noisy areas are at a 30% higher risk of stroke with increased severity

WOW Self-driving car that killed AZ woman 2018 wasn’t programmed to recognize pedestrians!

Fake Social Security and IRS agent scammers lead the theft industry: Ask to call back!

Financial advisors may use ‘testimonials’ like Amazon allows fake reviews: who to trust?

United Healthcare caught fine for denial of customers’ claims for mental health care.

GPB Capital Holding caught $1.8 billion Ponzi, frauds, fake co. 8%, PP etc: FBI SEC

Merrill Lynch and Raymond James caught overcharging 529 college plan fees: no jail

Schwab: I always “hated commissions” but he can always go back when he needs money.

Trump caught using money raised in 2016 vets fundraiser to pay campaign expenses

Trump to privatize national park campgrounds: marine industry to run and raise rates

Trump’s lieutenant Parnas thrown under bus: Giuliani strong-arm to Ukraine detailed

Trump undermines “good order and discipline”; military morale: pardon for war crimes 

Trump counting on GOP’s Supremes to keep his tax secrets from the law

Trump Jr reveals whistleblower secret despite law against it: Jr not a congressman--jail?

Jobs

Trump making New York City Great Again: His staff and WH staff to save FL for GOP

Trump at the NYC UFC fights gets “Lock him up” and booos from his ‘base.’

Trump had told the Bevin rally crowd on Monday. "You can't let that happen to me!"

Trump is beaten by any Dem in national polls: KY VA suburbanites woke up for Dems

Trump’s lawyer Giuliani lawyered up with 3 as his mob indicted: impeach details.

Trump’s ‘Deep Throat’ tells story of madman in WH: How to thwart mob boss.

Who owns your account now?

JPMorganChase tests new health plan on employees in 2 states: see cost before service!

Access to your 401k 403b got easier in hardship cases: IRS left it up to employer

401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500

FL Blue ObamaCare customers access to Lyft rides as part of the benefits package!

Health care scammers have upper hand with hospitals, etc: fail to fend off cyber attacks.

CVS delivers first meds by drone to front yard in Cary NC. UPS to avoid airline paths.

Rating quality of health plans on ACA ObamaCare’s marketplaces not complete.

Mutual fund ratings to include fees so harder for managers to get Morning’s Gold Silver

Miracle:

Rubio thinks Catholicism can save capitalism: “social doctrine does not get lot of attention.”

“World scientists’ warning of a climate emergency,” as America becomes a “mafia state.”

Kansas City rejects Martin Luther King Jr street sign in black areas. 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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