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

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

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

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

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

Do you need a lawyer to start a small business?

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

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

Be prepared: we will all live longer

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

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

Are you ruining your kids and your own retirement?

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

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

Where is FREE tax preparation?

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

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

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

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

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

Will voters who need ObamaCare vote for it?

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

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

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

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

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

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

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

SCAMS/SPINS:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Jobs:

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

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

Who owns your account now?

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

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

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

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

Miracle:

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

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

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

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Make sure all your tax documents come before you file

Make sure all your tax documents come before you file

Since there is no enforcement of tax document mailings by mutual funds, banks, brokerage and advisors as well as employers, check last year’s filing to make sure you have everything to file BEFORE you go to your preparer. Few keep the deadline of January 31. Call IRS if not by February 28. If you have a kid in college, make sure they do NOT take your dependent exemption themselves. They don’t need it to get their job withholding tax refund. You need it to claim deductions and an extra $500. Kids should check the box “Someone can claim you as a dependent.” https://www.irs.gov/pub/irs-pdf/f1040.pdf. When you are ready, IRS has efile partners that have easy software programs that may allow you file for FREE. Some charge depending on your state and level of income. Most will cost less than the advertised brands ($50+$30) unless you must use a paid preparer. Trump has doubled the number of forms required to file many middle-income returns so the average price will be higher. And you won’t pay a penalty if you paid 85% of what you owe. Many of us will pay MORE than Trump promised since the wealthy and corporations pay less. January 28 is the first day of FREE ‘human’ preparation by AARP tax-aides. Make sure you have all of your docs: https://www.irs.com/articles/tax-form-checklist. Sign up at locations near you: https://secure.aarp.org/applications/VMISLocator/searchTaxAideLocations.action.

Long term care policies benefits and prices vary by 243%

If you are wealthy you may not need a policy. If you are NOT wealthy you may not be able to afford this coverage. You can buy from a new insurer with better understanding of the cost profile. Most advisors say buy at a younger age and change the benefits to meet your needs. Great for them but how to cope with increasing prices for what may be a very long time—age 55-85 means 30 years at $3-4,000 a year. AND you may not need coverage. That’s $100,000 wasted cash vs. $500,000 invested at 8%. Unless you know you will need it soon, you may be better off paying cash when the time comes. $4,750 to $2,500 per year LTC policy prices vary greatly.

Shop around: https://www.amazon.com/Long-term-Care-Insurance-Updated/dp/148274001X

A pathway to health care for all

CA new gov proposing extending ACA ObamaCare to insure more residents. This incremental move may light the way for other states concerned for its citizens. Newsom uses state funds to fill in the gaps for those without coverage and ignores the mandate. More carrot and less stick may help CA do what others haven’t up till now. About 10% of its non-elderly population lacks coverage. A study last year projected a steady rise, finding that Republicans' Obamacare sabotage and other factors would increase the un-insurance rate to 13% by 2023, with about 1 million more uninsured Californians, barring a policy shift. Massachusetts has its own mandate and subsidy program, and it has the lowest uninsured rate in the nation. Families are working hard to pay medical bills but still need help even with 4 part-time jobs and working mom.

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

Are ‘Target Date’ funds right for you?

A recent survey of employees enrolled in TDF shows they are misunderstood. The industry does its best to keep those with low pension balances in the dark. The industry is a for-profit one and has no interest in explaining this low-cost high-return strategy for retirement funding. Instead of showing how this option gives employees the best shot at a successful pension fund, working folks have the idea that this strategy will assure a safe retirement income, will never go down, is guaranteed by the government and becomes a cash asset in retirement. Workers do know TDF asset allocations shift from stocks to bonds over time. Most employees have had no investing experience and so if their 401k default is TDF, they never learn what they really own. Employers are not in a position to teach investing and the fund complex they use has no responsibility to provide this service. Employers have all but abandoned paid worker pensions. And no one has stepped up to provide the basic financial education all of us need at our first job. https://www.amazon.com/Financial-Literacy-Steps-Success-Money/dp/1491044616

Avoid double taxation when you inherit an IRA

When you inherit an IRA from someone, you need to know the amount they contributed over the years as after-tax non-deductions. Since IRA accounts have been around, contributors who wanted to keep on investing even without current tax deductions because of their incomes, were able to keep building their retirement nest egg. If they started taking distributions mandated by the IRS as RMDs at age 70 1/2, they had to calculate the amount to exclude from taxation as regular income since they had already paid tax on the contributions. They should have filed a form every year (Form 8606) keeping track of this so called ‘basis’—the amount they already paid tax on. The financial trustee for this account never had to keep this information so you as the beneficiary must go back into the tax records to compute the excluded ratio. Otherwise the IRS will treat the whole distribution to you as taxable at your rate. The last tax return should have the Form 8606 so you and your tax preparer can take it from there. Of course, now we have the Roth IRA which shields all the growth in your IRA contributions from taxation. Use the Roth for your current investing or convert your old IRA to the Roth for totally FREE distributions when you take them. You do not have to take them so they are the perfect working-person’s estate plan. Heirs pay no tax.

Use the best for your heirs:  https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

What did John Bogle give us?

John Bogle died Thursday. John Bogle created The Vanguard Group—the mutual funds owned by us—the investors—at cost, so we could keep more of what we earned. At work in a financial firm one day, he responded to the fall of his clients’ accounts by noting that speculation was not in the best interest of the firm’s clients. Bogle fixed on the role of a firm as steward of the clients’ funds. In 1976, his new firm introduced the index fund to individuals. Indexing was run by banks for some large investors. In 1977, Bogle stopped selling funds through brokers. The company eliminated sales charges and became a pure no-load mutual fund complex—a move that would save shareholders $ billions in sales commissions and fees—increasing their gains. Stewardship is the attitude of salaried workers at Vanguard which is now the largest provider of funds to investors. Noted economist, Paul Samuelson ranked "this Bogle invention along with the invention of the wheel, the alphabet, Gutenberg printing." Jack Bogle’s legacy is rooted in the concept that investing should be conducted solely in the interest of investors. Bogle’s single mindedness on fiduciary stewardship finds its meaning in the company he founded, the (low cost and simple) product strategies and corporate governance reforms he champions, and the nine books he wrote. The industry has followed Bogle’s lead—almost every investor is now paying less and earning more because of this industry disruptor.  See attached.

Industry disruptor--Pay less; earn more: https://www.amazon.com/Disruptors-Three-Innovators-increase-WEALTH/dp/1720857563

Real estate moguls lick their chops at Trump’s ‘opportunity zones’

Trump did Jared and friends a big favor. Moguls who develop real estate or fund businesses in these areas are able to defer capital gains on profits earned elsewhere and completely eliminate them on new investments in 8,700 low-income census tracts. The goal is to reinvigorate these areas. But the question is whether the 2017 tax law will, as Mogul Mnuchin predicts, pump $100 billion into places that need it most, or if investors will play it safe by funding projects in a few zones already on the upswing. But like most deals, there are hidden terms. Investing in a relatively illiquid partnership or corporation with the intent of holding the investment for as many as 10 years in order to maximize the available tax benefits requires a strong conviction regarding the merits of the investment itself. Some areas are just not ready for money without people. And state tax codes may not help. The Federal tax benefits don’t exist until the property is sold—no gains; no deduction. And be careful about rolling over their eligible gains into a QOF within 180 days. The rules are complicated.

Use your simple tax credits first: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

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

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

J F Kennedy was 43 when he beat Nixon

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

Sec. Defense, former Boeing exec, OK paying too much for Boeing tanker for AF. Graft?

Mortgage approvals delayed by gov verification on hold; IRS, VA and FHA closed.

SCAMS/SPINS:

Deming Payne caught lying about fake $800,000 client redemptions. 3 mo suspension

Robert Kahn, MO; Andrew Schade, MI; John Wheeler, FL caught misleading clients.

VanEck Vectors BDC Income ETF (BIZD), charges 9.41% a year: you lost money?

Gary Basralian NJ caught stealing victim’s accident settlement money

Idealogs Coulter/Limbaugh cost us $25+ billions as Trump’s confessors

Trump to farmers: I’ll “make it easier” for some immigrants to come into the country.

GOP supports lifting sanctions on Putin friends: Trump rewards Russia for election win.

Trump, as dictator, puts 50,000 in slavery chains—says work without pay is good thing

Trump, as dictator, takes revenge on Dems: Pelosi secure flight cancelled: ‘stay here’

Trump, as dictator, lied about how many kids were separated: still don’t know where.

Lettuce growers begs FDA to come and inspect so no more die of  E.Coli

Flight-safety systems at risk with no inspectors & fewer TSA checks.

MetLife stole pension payments to 13,500 retirees claiming they were dead. No jail time.

PA state pension fund overpaid managers $1 billion in 2017—retirees lose; cronies win.

Sterling Jewelers caught opening charge acct without consent: owns ALL jewelers

Hyundai, Kia recall 168,000 for fuel leaks and fires and software

Brokers who might owe you an arbitration settlement or award --filed bankruptcy?

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

GOP can’t say “You’re fired” to The Boss because his voters will ‘kill’ them in 2020.

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:

Work for free: TSA and flight controllers and Coast Guard need replacements now.

Jobs that pay in health care: leader in job growth.

Nissan lays off 700 in MS

Who owns your account now?

Trump to take TX homeowner’s property: Is land like a gun 2^nd amendment?

ATT has been selling my location data and I didn’t get a cent. Past royalties?

Save money 18 ways: https://www.stretcher.com/stories/11/11jan17e.cfm?DS0114-1

Your investments are back to where they were last April and climbing.

WA cancels NRA insurance for killing people: illegal “to insure criminal activity."

Sears bought by Lampert for $5.2 billion

Miracle:

Bishops ‘forgot’ everything they learned about sex. Cardinal: I forgot sex abuses !!

A gymnastic milestone and a ’10’ to Make America Feel Good Again: Twitter

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Tax reform means more for rich and we pay

What does ‘tax reform’ really mean for us?

Tax ‘reform’ by GOP means only one thing: Rich get richer from our pockets. KS almost went bankrupt by cutting taxes for businesses and increasing consumption sales taxes on working people. Schools were so underfunded that the KS Supremes had to order KS assembly to raise money. Trump invited gov Brownback to share his ‘secret’ to cutting services to workers and he got an ambassadorship: International Religious Freedom or head proselytizer to the world. The new voter suppression czar, KS executive Kobash, is trying to replace Brownback.

KS GOP was forced by real facts to raise taxes. Congressional GOP will cut taxes for the wealthy and business even though KS proved that philosophy only raises debt. Reports say the GOP will “reduce tax rates for all American businesses, encourage companies to bring back cash parked abroad (failed in 2004) and allow “unprecedented” capital expensing, or write-offs (Trump wrote off $916 million) of big investments.” Treasury Mnuchin wants a “national online sales tax that could help states fund infrastructure projects.” Trump’s budget guy has a trick to hide cuts in our Social Security benefits. Medicaid/ObamaCare support for the health of the poor, disabled, and sick will be cut and converted to state block grants which states will use to shore up their budgets.

KS businesses and rich did NOT invest their tax refunds in more jobs. They invested where they could make money—hedge funds and offshore tax havens. The wealth and income gap has widened. Working people in KS had to pay with consumption taxes.

Lobbyists in Congress are already working to maintain their own subsidies/loopholes. Are you?  Like KS we end up with less revenue and more national debt. Just math. State taxes will also be increased to pay for Trump’s job promises. See WI below.  

Avoid future taxes by using your tax-FREE account: https://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236

What Trump’s ‘bring back jobs to America’ costs?

It will cost WI taxpayers $230,700 per worker to fulfill Trump’s promise of more factory jobs in US. Carrier left for Mexico despite Trump talk. That cost IN tax payers $7 million just for the sound bite. Gov Walker promised Apple and others that Wisconsin would cut the company $200 million to $250 million a year for up to 15 years. That works out to $230,700 per worker, assuming the factory goes on to generate 13,000 jobs. Sometimes companies change their mind like Carrier did. So far, only 3,000 jobs by 2020, with an average yearly wage of $53,000, have been promised. Walker gave the tax incentives to beat six other states in the quest for the factory. Walker lets Apple pollute the region too. IN, NC, OH, TX, PA and NY were in the running but tax payers can keep money now.

Trump’s great business deal: From now on, every company is going to want more tax subsidies from our state taxes than jobs can offset. It’ll take 150 years to recoup subsidy.

You will need your tax CREDITS: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Will any Republican have the courage to lead the battle for a democratic America?

The President wrote on Twitter that in order to pass “great future legislation” the Senate “must immediately go to a 51 vote majority, not senseless 60”. We have all seen the tendency to dictatorship. Chaos in Washington and Trump’s ignorance of his role as president in a checks and balances democratic society. His voters wanted a shake up and his advisor Bannon called for the “destruction of the administrative state.” We withdrew from world leadership in energy, refugees, shared defense, holding back Russian aggression. We do nothing to stop Russian meddling in our elections—no one has checked the voting computers for malware. Edict by tweet to expel WH staff and service members without regard to rules of human decency. Jolting remarks that stand in for policy statements. Pink slip tweets are a coward’s way to run America.

Now he calls for the elimination of the legislative rules that we made to govern. History has a lesson here. Others have joined Trump in rule changes favoring GOP. Many states have been taken over by Koch’s extremists. We were lucky that 3 GOP ‘profiles in courage’ stopped the cancellation of health care for 22 million Americans. Think about that—22 million with one thumb.

We are at a turning point. Who will rule here in America? We need another Senator from AZ to tell the president it is time to go.

Can Medicare for All actually get passed?

Can America provide affordable health care to all its citizens? Bernie Sanders wants to find out. He is putting a bill in the Senate in August. Over 50% of Americans want to fix ObamaCare and keep the provisions that help people stay healthy. Republicans seem to understand NOW that Americans want health care. Duh. When it comes to taxes, GOP seems to understand the formula very well: NO ONE likes taxes. The tax code Congress has written over the years (they act like it came out of the sky), is there because rich people decided to have those they paid to elect put it there. 1% get all the subsidies.

Why is it so hard to believe that we want a good deal too? Is “socialized medicine” so terrible that Americans can never receive a decent plan at an affordable price? Medicare pays my doctor not some government doctor! Since the wealthy have kept the average wage at the same level since the 1980s, is it so hard to understand that most of us can’t afford to buy quality health care ($18,142)? All the gains in productivity by American labor has gone to the very wealthy. Why is it that most retirees like their Medicare but the rich ones don’t want it for all the other people without a job? Drs & hospitals like ACA.

Why is ObamaCare OK for Cruz, McConnell and Ryan, but not OK for us?

How can you turn every $100 invested into $10,000?

Ever wonder how the rich get richer? Not all are great stock pickers or founders of Amazon or Google. Warren Buffett explained how it is done in his annual reports to stockholders. “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” Unfortunately, most Americans do not benefit from compounding since they don’t have the money to invest. Buffett has been patient for over 60 years: his $6,000 from paper routes has grown to $72 billions. He made mistakes along the way. He shows us how to grow $100 a month into $1,000,000 over TIME. $250 a month gets you there in about 33 years; $500 a month, in about 27 years. Investing in a bunch of companies and time is all it takes. He confesses that if we aren’t patient, we won’t be rich. Even retirees use Buffett’s advice. He tells exactly where to invest too.

Try patience not trading: https://www.amazon.com/Warren-Buffett-can-make-millionaire/dp/1530555981

MONEY BALL for Investing: Winning in an unfair market

Your family can beat Wall Street in the series because you use Billy Beane’s lessons.

In 2002, Billy Beane did the impossible. He knew he could not afford to buy replacements for Damon, Giambi and Isringhousen, so he hired an unknown economist wonk who had a system. Brad Pitt (Moneyball) explains his take on the system to his scouts. To win we need runs, so on-base percentage is critical. Does not matter how they get there—walks are good. He hires cheap players who have high on-base ratios. Scouts complain the new are not “baseball material” or too old or can't play positions or girl friend is ugly.

            The “professionals” think he is nuts. One is fired. Since the manager, Art Howe, doesn't buy it, he does not use the new players. Billy trades Art's players away so the manager is forced to use Billy's. Billy actually explains to the team how they can win by using their strengths—just get on base. Belichick's “Do your job.”          In his book, Michael Lewis tells us how the economics of baseball work and how Billy Beane, as a failed player, made history by NOT following the professionals' 'expert' knowledge.

            How can your family beat Wall Street 'professionals' over time? We take the Billy Beane approach.

            First, we acknowledge that we have a small budget for investing. We can't afford the hedge funds, offshore tax shelters, and expensive Wall Street money managers taking 2-3% a year. We use our economic ‘wonk,’ Warren Buffett.

Five steps to win in an unfair market: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

Ten steps to lower car insurance

Consumer Reports how to cut premiums. Insurers change their marketing strategy to pick up new customers so you must shop to save. I have shopped every two years for full coverage on 2 Toyotas and have gotten discounts each time. I have used bank debits for a further discount. I claim lower driving miles and car kept in garage off the street for more. Insurers know from national record that I have had no accidents providing another discount. I took a driver safety course 1 hour and got another discount. Be careful which car you buy—it can cost you more. Here are those gone extinct in 2018. Used Tesla for $40,000. Very fast.

Check all the discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Vanguard is making every investment company cut fees and we save

Fidelity is cutting fees on some mutual funds and ETFs to stop the hemorrhaging of customer money to Vanguard. We will have more because we pay less. Over time, paying 17bp vs 21bp will save Fidelity customers $18 million. However, after-tax returns and tracking are also important. These are why Vanguard is still drawing funds from other investment managers. Fidelity still overcharges in its largest funds—68bp vs 32bp for Vanguard’s managed funds. Fidelity in June said more than 1,500 employees took a buyout offer in order for the Johnson family to maintain their profit margins. Fidelity customers may find the drop in fees only raises their wait time for exchanges and services.

Better go with the not-for-profit: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

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TrumpWorld

Goal: Everyone knows the Trump brand around the world

Is Trump really above the law in his actions? Pardon for his crimes?

‘I could shoot someone on 5^th avenue and not lose voters’

Trump supporters are upset with DC and future; overlooks his sins

Trump boasts of highest TV ratings since ‘the World Trade Center came down’

‘Trump’ brand is all he cares about—it is all he knows. Trump vs America brand

Trump’s business success is mostly myth he created in ‘real’ media. Bankrupt 4 times.

Putin has captured Trump’s patriotism—Collusion with money-lending enemy?

Trump gives in to Putin: removes CIA from Syria leaving moderates to scatter.

Putin kills Trump ‘be kind to dictators strategy’: 755 American spies leave Russia

Trump group places mob ties above country; it’s about money POWER not US service.

Russian lobbyists guide Trump crew and GOP on business interests toward Russia.

Google searches explain how Trump got elected and keeps supporters: Everybody lies

Trump is still just a mafia contractor from Queens—Fred taught him to be The Don.

Like mob boss, he threatens Senators

The Don threatens Attorney Gen and Prosecutor Mueller. Wants FBI his personal police.

Trump press guy threatens to kill WH staff if they snitched to authorities.

Who knows what Jr got from Russia; Trump was in meeting? Can Russians come a long way for nothing?

Receiving stuff from ‘foreign power’ during campaign is illegal—even for idiots.

Putin Ambassador: “not on Trump side, we are on side of justice” Putin hacked elections.

Breitbart: firing Sessions “only serves to highlight Trump’s own hypocrisy” Losing base.

Drudge: Trump supporter could hurt Don as he chases his own legal issues in power.

Can a general keep the troops in line if the CIC won’t let him do his job?

Mobsters don’t call the FBI when Jr doing an illegal deal with fellow mobsters.

Trump’s FBI Wray promises he won’t give his employer a free pass. He got Christie off.

Putin has full access to our 2018 elections since Trump doesn’t help states upgrade now. GOP is doing nothing to protect voting process except making it harder for US to vote. 

My Theory:

Trump got Russian help/funding for business from business/mob ties Putin.

No one expected him to win so no harm getting Putin help. Don owes Vlad’s mob money so they sent mob gofer Manafort to run the campaign. ‘Colluding’ Putin style.

Trump will quit before Grand Jury gets to indict anyone in the ‘family’

TrumpWorld – using presidency to make money the old fashioned way: theft

Jared/Ivanka lied again on their disclosure: ‘forgot’ 77 more assets worth $millions

Jared now says 100 meeting/contacts with foreigners. Lies go unpunished 4th time.

Jared family giving US citizenship to Chinese who invest with his firm; only rich get in.

Jared in real estate money-laundering deal with Russian investigated by Congress

Collude: wanted a secure communications channel using Russian equipment be set up

Trump hires a Putin bank lawyer to run our Justice Dept criminal division TOO far!

Trump hires MarLargo foreign workers not America Great workers.

Trump does not like living in the WH: it’s “a dump.” We pay for new digs and chief.

Ivanka gets $23.6 million US grants to support her foreign cheap workers.

Trump shop from Canada run by Germans sell us Chinese hats et all. Buy US???

Trump bomb shelters for CA: The Don selling you N Korea insurance policy.

Dictator talk time:

“When the president does it, that means it is not illegal,” Richard Nixon

Trump threatens special prosecutor to NOT investigate his ‘deals’ with Putin mob.

Trace money laudering and real estate deals—trail is clear to Putin’s mob buddies.

FBI builds case from outside in: Manafort, Ross, Oligarchs, Banks, RealEstate,

Boy Scouts have to apologize for rhetoric of The Don—didn’t know political talk.

Trump attacks individual reps for not voting his way—3^rd world countries do this.

Trump press guy asks FBI to look for the person who leaked his own personal stuff.

FBI now reports to The Don personally he thinks. His man Wray is in charge.

Trump denies ANYONE helped him get elected. What about that MI, PA?

Other dictators have fired their closest loyalist supporters. Don in good company.

Other dictators have ‘my generals’ or family as their cabinet or senior officials.

The Don wants to stop promoting democracy in the world. Back to Cold War?

Trump’s manipulation of evangelicals/Catholic ultra-right common for dictators.

Australia conversation shows how far gone he is.

“The president can’t have a conflict of interest.” The Don is above the law?

Lincoln solution to TrumpWorld: http://www.latimes.com/opinion/op-ed/la-oe-blumenthal-lincoln-trump-20170713-story.html

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

Regulators are the only protection against corporations since we can’t sue anymore

“It is nearly impossible for one individual to take on a corporation with vast resources.” Supremes stop us from suing—State courts no longer available to sue corporations!

House makes bill for UK baby but cancels neo-natal care for US babies. Crazy!

FL overwhelmed by rising water: Tampa, Miami, etc. Gov says can’t be true.

Trump to reverse affirmative action so more rich people can go to Ivy League colleges.

Example: Jared’s dad paid 2.5 million so he could get into Harvard with poor grades.

House votes to keep us from suing banks/loan firms when they hurt us. Banks fear suits.

ObamaCare saved this woman’s life and farm: 3 GOP saved our future $200,000 bill.

Ford Explorer may poison you to death: 1.3 million may have CO gas leaks. Test first.

Opium crisis created by drug firms and doctors who give them like candy—lock ‘em up!

Trump giving self an exemption from environmental impact study to destroy streams etc.

Drs & insurer lobbyists write and pass anti-malpractice bill in House w/o our ‘reps’ say.

Student loan servicers’ lobbyists killed DeVos, Education, plan to create loan monopoly. 

Jeffrey Martin, Orlando, Thomas Tedrow, Winter Park charged with fraud: pump/dump. 

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

GM killed 124 because ignition switch pin not replaced after knew it killed first in 2006.

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

Police want gun control.

When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has one and shoot first. You and thief have guns. CO schools now allow teachers/administrators to carry guns in the classroom. Kid lesson! Since 2015, police have killed 86 people with realistic looking FAKE guns--suicide?

NAACP advises travel in MO can be dangerous: “police profiling and brutality”

Police hire back officers they had to dismiss due to bad conduct: prey on public again?

Trump tells police to get ‘tough’ use military stuff to be “mean” to people.

Police say NO to Trump police state—“we have rules of conduct.” Ashamed.

A study says right-to-carry laws increase violent crime. People are emotional and use it.

SCAMS:

IRS agent scam: Ask For Credentials

IRS representatives can always provide two forms of official credentials: a pocket commission and a Personal Identity Verification Credential (PIV). Pocket commissions describe the specific authority and responsibilities of the authorized holder. The PIV is a government-wide standard for secure and reliable forms of identification for federal employees and contractors. Criminal investigators also have a badge and law enforcement credentials. A letter comes before a call. Heads up!

All tax payments are to the U.S. Treasury. Taxpayers should never use a preloaded debit card or wire transfer to make a payment. The IRS provides specific guidelines on how to make a tax payment at irs.gov/payments.

Ignoramus Award:

Electric cars can be driven by hackers not you—wait for a fix.

Trump wants Congress to ‘suffer’ under ObamaCare. Idiot, they already do and love it. McCain got his cancer removed thanks to ObamaCare; surgery alone cost over $76,000. 

7,150 nuns on GOP: “the most harmful legislation for American families in our lifetimes.”

Fox News proves Trump’s ‘Fake News’ but his 3 fingers are pointing to himself.

Cal U dropping the math and English placement exams and non-credit remedial classes. 

Trump thinks NH is "a drug-infested den" and says WH is a ‘dump’ but now denies it.

How our government wastes our money:

Study shows if you smoke dope like drinking to excess, you get bad grades in college.

CA wishes to secede and create single payer health system and needs cool rain.

Trump won’t fight ISIS with counter propaganda; funds religious beliefs in schools.

Trump threatens Congress by cutting their ObamaCare plan subsidies: they don’t need it.

Trump was charging us too much so a real US Govt agency actually moved to cut costs.

Where have all the jobs gone?

105 year old doctor says don’t retire and LIVE longer by keeping your insurance.

Amazon 50,000 warehouse jobs: temporary and interim money boring work.

Alien protector at NASA: keep our “human bodily fluids” separate from theirs.

Job interview will ask for your salary requirements. Answer: I will research the range.

Which job board sites are best for your job search?

Learn Spanish so you have another skill for jobs.

Free and fun: https://www.duolingo.com/course/es/en/Learn-Spanish-Online

Who owns your account now:

Hartford Financial annuity business to Atlas Merchant Capital.

Ronald Blue to Thrivent

Miracle:

McCain saves 22 million people from losing their health … maybe their life with thumb.

This morning my wife got a cancer screening for FREE. It used to cost $770 before ObamaCare.

 1^st time: gene editing corrects a disease-causing mutation in viable human embryos.

IAN

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Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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