Pay off mortgage?

When to pay off your mortgage?

Unless you have a mortgage that can be paid off within 6 months, you have to consider your overall financial situation, age and resources to make this decision. Here are some of the guidelines.

1. For some in or near retirement, it would take their investment portfolio and retirement money to pay off their mortgage. If they spent it to pay off the mortgage, they would NOT have as large a portfolio to grow or provide income. Since some folks are earning about 9% on their money, they would give up adding to their nest egg. For instance, if you had $1/2 million in your stock/bond accounts like Vanguard's Wellesley Income Fund, you would be adding about $45,000 to your pile each year on average. If you used $200,000 to pay off the mortgage you would be adding only $27,000 a year. If the market went to 3%, you would add only 9,000. In that case, paying a 3-4% mortgage off may be the smarter move since you are earning less than the mortgage rate.

2. If you have a tax situation that allows you to take mortgage interest off your taxes, you would lose that every year if you paid off the mortgage. Some pay less tax with the mortgage interest deduction every year.

3. If you want to maintain a good credit rating, paying the mortgage every month like clockwork helps the rating go up. There is no benefit financially to paying it off except the peace of mind that you don't owe anyone. Some folks have the dough and can pay the mortgage off anytime if needed. In fact some have a home equity line in case of emergencies. They don't like keeping cash earning just 1-2% in a bank. 

4. Some would rather have the investment earnings now since they will probably live a long time and don't want to take a reverse mortgage if medical expenses hit later on. They want to keep assets growing. These are the folks who would never give an insurer a lump sum in order to receive a fixed income for life. Inflation cuts the buying power in half in 20 years and they expect to need more income not less in 20 years.

Build your wealth: https://www.amazon.com/Build-Your-Tax-FREE-Wealth-Reserve/dp/1456505041

Give your child a leg up: If you start them investing early
How much does it cost to assure your child of a $1 million nest egg? It costs only $16,000 if you start their investment account early. Use Warren Buffett’s strategy.
Warren Buffett recommends we need only one account to grow a retirement fund. He beat 5 hedge fund strategies with this one fund. Unfortunately, the investment industry does not let our schools teach high schoolers the Buffett Strategy: One Fund; $200 a month, 8 years; buy and hold. It is called the Miracle of Compounding. If you use a tax-FREE account, the amount is not taxed—now or later. I learned from John Bogle that you give up 63% of your total potential nest egg if you pay someone 2% a year to ‘handle’ your money. Handlers only beat the market over short periods, not over time.
Warren Buffett’s advice: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355/’

Put your money to work so you don’t have to.

Accumulate $250,000, $500,000 even $1,000,000.

Compounding is what Warren Buffett counts on for success.

“My wealth has come from a combination of living in America, some lucky genes, and

compound interest.”

How much can your money earn for you? $1 million from your $99,000 investment.

Your $250 a month investment may grow to $1,000,000 or more and it can be tax FREE. That $3,000 a year for 33 years ($99,000) compounds to $1 million if you put it to work: Low-cost stock index fund earns 11% per year after fees over time. Advisor-managed funds earn 3.79% over time. Compounding does not work as well if your advisor is trading, market-timing, rebalancing or rotating sectors.

Put money to work: https://www.amazon.com/DIY-Financial-Independence-Freedom-Workbook/dp/1088908500

Is your advisor a ‘hybrid’ or RIA or dually registered BD?

It may not matter to you how your advisor is operating but you will when you have a dispute. How you pay your advisor may be determined by the products they and their employer are legally allowed to sell. You may pay a monthly fee, a commission or a combination of those. A dually registered advisor is a registered representative with a broker dealer (licensed with series 7 (stock/bond/packaged products)) who also has a series 65 license (gives planning advice). Series 65 is also known as an investment advisor representative and leverages the broker dealers corporate Registered Investment Advisor (RIA governed by the SEC). A hybrid advisor has a series 7 and has their own RIA registered with the SEC or state regulator. RIA assets are held at a custodial firm. Your advisor could act on their own (discretionary) or need your permission to buy and sell each item. You give away control of your assets in a discretionary account and you usually pay a fee on all assets. This may stop churning your assets. But do they act as a legal fiduciary—give you the best deal possible? It is hard to know without research.

No advisor is perfect: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

**********

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

Trump’s tax break to upgrade poor neighborhoods hits already wealthy: Kushners esp.

How Moscow Mitch got his name: GOP waved sanctions to let Kremlin buy KY town.

Our most revered marine quit: re: El Paso killings: “on that day we were all Hispanics”

‘Good’ Germans never protested concentration camps, taking children from parents, racial discrimination

TX, FL receive Fed funds to open ObamaCare to more citizens health care

Trump eliminates energy-saving light bulb standards: wastes $ millions on electricity 

127 military projects shut by Trump taking Congress-approved money for his WALL

SCAMS/SPINS:

Which drug company exec will pay for Skaggs’ death: only Jail time stops drug dealers.

‘Drug dealers’ created the ‘Pain Movement’ to sell drugs and get rich: Yet, no jail time.

Opioid trials seem to be for the lawyers not the victims: treatments go on for years!

Soda drinks kill us slowly: Another study says cancer, disease, early death from garbage

Before you buy ‘autopilot’ car, check if you really can let it drive you: marketing hype.

VW lied about fuel economy: no fine so just cost of business to pay lawyers and drivers.

Elias Hafen, Wells-MS caught stealing $1.6M promised 6% no risk bogus security

Cetera Advisors CO caught NOT giving clients the best deal: excessive fees/kickbacks

Social Security number stolen? Act quickly. Fraud alert to files. Buy monitor service.

Somaderm Gel: multilevel selling scheme has NO FDA creds: just B.S. afterall.

Made in America? Or just marketing gimmick: FTC info.

Foreign exchange trading as a job? Average earnings $300 not $ millions

John Thomas, Thomas Becker caught sports bet fraud: felons promised 500% returns.  

Google YouTube caught collecting & selling data on kids: Fine, no jail time.

AT&T sells our data without approval

Consumer Financial Protection Bureau now shilling for H&R Block high fee card

Supremes’ Citizens United: US is a buy-representative-democracy: USSR can buy US!

GOP fails to ‘insure’ GOP fixed-elections with political trickery.

TX loosens gun laws: more killings than Wild West ever had! NRA owns US reps.

San Francisco named the National Rifle Assn. a domestic terrorist organization.

Trump: West Texas killings that left seven people dead “hasn’t changed anything.”

Trump to begin killing criminals he does not pardon: Pardon for those he likes

Jobs

Learn to communicate the right way: Buffett advice for advancement

Voting GOP has shifted: White wealthy non-college rising: evangelicals

Who owns your account now?

Our town or a KKK town? NC is still fighting the Rebel cause of whiteness.

"We don’t do gay weddings or mixed race, because of our Christian race—I mean, our ‘Christian’ belief" 

WalmartHealth.com: Booking healthcare providers

Miracle:

Walmart out of the handgun business: Hunting rifle only: no AR ammo WOW

Instead of banning mass murder guns, some are building schools with curved walls???

Kids do the things we all need to learn: blessed are the pure in heart, for they will see God.

"It's important that we help each other out. It's better than just sitting there.” anonymous gifts.

“creative use of the power of the mind” will keep Dorian away from US: Marianne Williamson

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Painless way to create tax-FREE wealth

Your tax refund: The PAINLESS way to create tax-FREE wealth

The average refund—fed and state—is about $3,000. How long would it take your INVESTED refunds to reach $500,000? 50 years, 40, 30 or 20 years? It takes 1 hour to start a $1/2 million fund. You do it with a fully-licensed telephone rep not an advisor/broker. The fees can take 63% of your accumulations over time. Do it yourself and get to $1/2 million in about 27 years. You invest in America’s best companies earning 11% on average long-term. And a new study by McKinsey found that companies taking a long-term view outperform all others. A money manager gets a bonus for short-term results. It’s your money; you keep your bonus.

Create tax-FREE wealth painlessly: http://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

GOP plans to replace ObamaCare with 1970s system

Ryan met with his group (which has free comprehensive insurance paid by us) to plan to replace ObamaCare with an outline of a plan. It would revamp Medicaid, offer tax deductions for doctors' bills, and state block grants for state pools to assist some individuals in buying individual insurance. We had this structure in the 1970s. If you are poor you will obtain care from clinics/hospitals run by the county/state. If you work and get coverage at work, there are no coverage standards—your coverage may be limited and be capped. If you must shop for your own care and can find a policy you will pay higher rates without government help unless your doctor bills exceed a threshold and you itemize your tax deductions. GOP likes health-savings accounts where you pay more using pre-tax money. If you are too sick you will be assigned an insurer by the state which will take state money but may provide substandard coverage from novice doctors. States will receive a Fed block grant like the 1970s and can use the money for roads not care. There is no standard. For instance, in NJ under Medicaid, doctors who take NJ FamilyCare receive only $15 per visit. Young healthy people will avoid insurance and visit a hospital when sick. Universal coverage mandate and caps are gone and costs vary.

Our Reps have great coverage for free. They never had to experience 1970s style no-care. Millions had to sit in hospitals for days for care; some were sick and never had coverage they could afford. GOP promises ‘access’: most can not AFFORD coverage.  

FREE tax preparation

Advertising to you is how they pay for free credit score and “free” tax prep

https://www.creditkarma.com/ needs your eyes to obtain dollars from sellers of financial services and they give you software to file federal and state taxes at no cost. If you need to file a simple return, this is the cheapest way. Usually simple means you have W-2 income and no home deductions. The IRS has a topic look up so you can find the answer to your question easier than waiting on the telephone for an operator to answer:  https://taxmap.ntis.gov/taxmap/. You can do your federal online FREE using commercial sites through the IRS https://www.irs.gov/uac/free-file-do-your-federal-taxes-for-free. These sites charge for a state return. You can also use a local AARP tax aide office: http://www.aarp.org/money/taxes/aarp_taxaide/ AARP does not discriminate by age or income so they can usually take care of most people. Best tip: deduction for IRA contributions and tax credit up to $2,000 subtracted from tax you owe. Double Your Pleasure. 

Take your Tax Credits like The Don: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Why is your advisor recommending ETFs (index funds)?

Is your financial salesperson charging you to use exchange traded funds? ETFs are index mutual funds that can be bought and sold anytime like stocks. However, they are index funds. Real index funds are meant for long-term gains not short-term trading. If you trade them, moving from one sector to another trying to catch the wave crest, you will lose. If you trade Alt or Liquid Alts, read SEC. According to the annual investor questionnaire results, the average return for managed accounts is just 3.79% compared with the index of 11.06%. My friends who have a low-cost stock market index have added 26% to their nest egg over the last year. Perhaps your sales person is like this “advisor”: https://www.youtube.com/watch?v=e_Ql_7NCk0o

You could be using Warren Buffett as your advisor: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

TrumpCare: a return to the original GOP plan

Universal mandate, no lifetime cap, no pre-existing condition ban, cost negotiation from strength. These were all part of the Heritage Foundation plan when introduced in 1993.

Republican Sen. John Chafee of Rhode Island was the point man. The bill he introduced, Health Equity and Access Reform Today, had a list of 20 co-sponsors that was a who’s who of Republican leadership. There was Minority Leader Bob Dole, R- Kan., Sens. Orrin Hatch, R-Utah, Charles Grassley, R-Iowa, Richard Lugar, R-Ind., and many others. There also were two Democratic co-sponsors. The Chafee bill included: an individual mandate; Creation of purchasing pools; Standardized benefits; Vouchers for the poor to buy insurance; A ban on denying coverage based on a pre-existing condition. It did not expand Medicaid as Obamacare does, and it did have medical malpractice tort reform, which the current law does not.

Trump could tweak what we have and be a hero. Will GOP let him?

How to invest in retirement

Where do you invest if you are retired? If you are over age 70 you must take mandatory withdrawals from your IRAs because you got a deduction when you were contributing to you 401k and personal IRA accounts. If you are receiving a pension and Social Security you may have extra funds because you or your spouse is still working. First if one of you is under age 70, you can still make regular IRA contributions. It can be deducted if your AGI is under the income limit. This is a spousal IRA. You can put in $6500. You can make Roth IRA contributions at any age but there are income limits. There are no deductions now but every dollar earned is tax free in the future. You can also convert all or part of your IRA or rollover IRA to a Roth IRA as long as you pay the tax on the untaxed portion. This allows the rich to avoid the Roth income limits by putting the money in a regular IRA and then converting. This is a great retirement tool as all the gains are tax free and heirs benefit too. Retirement can last 30 yeas or more: invest.

Retire tax-FREE: https://www.amazon.com/You-Can-Afford-Retirement-FEE-FREE/dp/1517738253

Why aren’t those great jobs coming back? Trump has answer

When he tore down the historic Bonwit Teller to build his Tower, The Don contacted a construction middleman to hire Polish immigrants and aliens. They were not union and didn’t speak English. They were paid less than half the union wage and some were cheated out of their pay. The Don denies knowing anything. Today, Chris Wade has been displaced  by non union workers. His job was assembling cables and electronics for $30 an hour at Delphi Automotive in Warren, Ohio. Now Berta Alicia Lopez does the same work at the Delphi plant in Juárez, Mexico — for $1 an hour. 

The Don did what Delphi does and yet the “worker savior” promises to tell firms like Delphi how to run their business. The Don has claimed that he saved hundreds of jobs and yet we all know those jobs can’t be saved. The Don can shame companies to move jobs around or delay moving but we all know it is just a promoter making his image stronger. Companies with unfilled jobs say no qualified workers, need immigrants. 

Don’t be Trumped by The Don’s false promises: https://www.amazon.com/Dont-Trumped-Dons-economy-strategies/dp/1542615143

The Don lets polluters dump coal sludge in rivers—use only bottled water

Only two months after the clean river regulation, Trump dumped it so that Big coal can get rid of waste quickly and FREE. Lobbyists and Congress cancelled the reg because it was not even in force yet. Easy and quick victory for McConnell and Paul’s funders. The rules were difficult to write and took too long. Now the people who live in the aquifer of these mines will suffer over time. State regs are not difficult to avoid. Each family will need to test their water weekly so they can keep their jobs and stay alive. New mining methods blow up mountains for coal so owners must dump the remains. Valleys with streams are the preferred way and owners do not live there—only the little people.

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

Do you drive under 5000 miles a year? Save $500 a year

In some states, you can pay per mile for your full coverage. You need to establish you are a safe driver and be willing to put a mileage meter in your car. One insurer MetroMile that offered me a policy for 2 5-year-old cars in NJ charged me $760 a year with $500 deductible on collision and comprehensive. That beats my $1020 cost at GEICO. I have to get the car inspected locally. Metro operates in California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia and Washington. National General is the ultimate insurer with excellent financial ratings but with poor customer services ratings on Google.

Ask for your discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

The Don plans to cut programs you use everyday to fund war

If you visit a museum or support young people serving the needy or listen to NPR or need inexpensive legal services or support drug use elimination in your town, you will see these programs eliminated in the coming year under a GOP budget. If you work at a war materials factory you will see expansion of your hours. In addition, Trump’s team favors cuts in small but high profile programs to support his propaganda strategy of America First. His hats and Ivanka’s line are made in China etc. Meanwhile, Trump’s lifestyle expenses have already exceeded Obama’s expenses for the year with trips to his club every weekend while his wife sits in the NY Tower costing us $500,000 a day. We are also covering his sons’ visits to promote his properties in Uruguay and Dubai as well as Trump properties around the world. Trump is cutting our programs while increasing programs for his own benefit at tax payer’s expense. Trump raises tax for some.

Avoid the taxes to pay for them: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

The Don’s proposed tax cuts for the rich are wasted.

“Three-quarters of the tax cuts would benefit the top 1 percent of taxpayers” The middle fifth of incomes would get a 0.5 percent tax cut, worth about $260. Most economist say his tax cut will increase deficits and like Kansas, our taxes will go up to pay for them in the future. KS cut taxes to the rich in 2012 to stimulate growth. It did not work. KS budget is short $1 billion after cutting schools, roads, etc and raising taxes on smokes and alcohol. New income taxes on workers passed. Growth is created by demand from higher disposable income from the majority of Americans. The estimated $260 tax cut will go to pay a new 20% import tax on cars, parts etc from Mexico. Other proposals like allowing immediate depreciation could set heavily leveraged industries like farming, finance and real estate (Trump’s businesses) against those that invest in equipment that loses value over time, like manufacturers. More manufacturers would seek relief by going abroad.

Is your vehicle on the list of most dependable?

JDPower.com study finds that the 10 top-selling models from the 2014 model year average 134 PP100—significantly lower than the industry average of 156 PP100. Two perennial best-selling models—the Ford F-150 pickup truck and the Toyota Camry sedan—also lead their vehicle segments in the 2017 VDS. Jeep and Fiat hold down the lowest ratings. Owners are asked about problems of any type after using their vehicles for years.

Ask 3 insurers for quotes every 2 years to save: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

We are entering the Twilight Zone:

"There is a fifth dimension beyond that which is known to man. It is a dimension as vast as space and timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. It is an area which we call the Twilight Zone" where “alternative facts” and illusions of conspiracies are lived out. Lies are considered truth. 

Rod Serling

  

The Trump Presidential Style

Remember, Don Trump is still a contractor from Queens NY, just richer than most. As a promoter, his income is from lending his wealth “brand” to other’s buildings and golf. The Don does not like to read so policy is 1 page of MAPS—he likes maps and TV. He conducts secret state business in front of the wealthy, letting them play with the nuclear “football” that can kill Earth. Richard DeAgazio might be Russian spy who switched nuclear briefcase on Rick during photo op. Creates fear to control base. Tweets all night.

Real Donald Trump called for lock-step marching by all and remember your brown shirts. When ideology “discards and chops off” the facts and calls world normal.

Conservatives jump into anarchy: “the deconstruction of the administrative state.”

Trump legacy:  “get out of my country” supporter kills restaurant patron in KS.

*

Promises (lies) and Actual outcomes:

If Fox fake news says N.Korea fires missile, will Trump start nuclear war III?

The Don blames Fox for fake news about Sweden terrorist that never happened.

The Don’s lawyer has plan to give Ukraine to Putin—payback for election help? What is Putin’s game with Trump? Putin asked “what do I do now” after election won.

The Don tells FBI what to say about Russia—Comey already gave him election victory.

The Don’s claim to save $1 billion on Air Force One is B.S. says Air Force.

The Don places the media in the “enemy” category with terrorists and ISIS

Paranoia strikes deep:

Fear of failure creates alt universe; mistakes denied reality ignored.

"Any negative polls are fake news." Mad Dog says media is NOT enemy; its constituency. How else would we know what the Dictator does?

Kasich: “media is important part of democracy.”

“a terrorist attack in Sweden” stirs up fear using Fox fake news—no attack in Sweden just like no attack in Bowling Green KY. 90 real sources confirm ‘no’ Don, use web.

“suppression of an "adversarial" press can lead to a dictatorial regime”--McCain

"Those who do not learn history are doomed to repeat it." 

The Don is raising money for 2020 with campaign rally in FL.  Stir base.

Putin orders Trump Psychological Dossier : Trump was there.   I want a copy

The Don lies: blames press, Hillary, press, Dems, Americans for ‘fine tuned’ WH

General declines replace Flynn bec propagandist Bannon on Natl Sec Council.

‘I Inherited a Mess,’ “Russia is a ruse,” “The public doesn’t believe you people anymore.” “Are you a friendly reporter?” “See He lied” Don’s delusional response.

The Don invites his club guests to watch him while he does government business.

“You may wanna come around. It’ll be fun. We’re really working tomorrow. We have meetings every 15, 20 minutes with different people that will form our government."

The Don is really upset that Obama voted as the 12th best president in history.

Finally bringing comprehensive health care to the neediest was right on time.

The Don removed the Obama-era policies on climate and water pollution. He will rewrite 2015 regulation that limits greenhouse-gas emissions from existing electric utilities. He will restart the coal mining in federal lands. He will remove the 1972 Clean Water Act the keeps all waterways clean and allows farmers to pollute with fertilizer and pesticides.

Jared, real estate and Ivanka, clothes oversee words on climate deal. Experts on climate? 

The Don has cut red tape for lobbyists—new language doubles the army who tell our Reps what their companies want done. We are losers. 31,000 lobbyist write our laws.

Why did Trump voters vote to end the only health care they could get?

Underground railroad forms to counter military deportation tactics

*

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!

Some Volkswagen owners say they’re still waiting for their buybacks, 4 months late.

Feds cannot stop hackers from demanding ransom for your PC—protect yourself now.

IRS caught not telling us our SS number used by illegals so our SS benefit at risk.

Conway caught violating legal ethics: “dishonesty, fraud, deceit or misrepresentation”

Purshe Kaplan Sterling, Albany, caught overcharging Native American tribe on REITs

Red River Sec, Hardwick and Lawson Financial caught fraudulent selling securities.

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?

TX wants everyone to carry gun everywhere and you don’t even have to know how  

MO allows anyone to conceal gun anywhere without permit or training Wild West?

MD court denies assault rifle protected under 2^nd Amen. “weapons of war" not covered.

Police organization issued a formal apology for the historic mistreatment of minorities.

Police to buy military weapons against civilians again.

SCAMS:

Voter ID laws do what GOP intended: keep Dems out of voter booth.

IRS does not call or email you. Scammers DO call and threaten.

Doll that spys on your family for hackers overseas. Your Jeep is next

Ignoramus Award:       deport 11 million working people?

Remember Ivana Trump’s insight: “Who’s going to vacuum our living rooms…”

How our government wastes our money:

It will cost us at least $600,000,000,000 to send 11 million illegal immigrants home and another $1.6 Trillion from lost income tax revenue since they are not working anymore. If the National Guard is used that will cost even more. All the low-pay jobs they do will require more pay for poor Americans so we will spend another $2.2 Trillion on higher prices for many things we buy. Rich people will get their housekeepers/nannies exempt by Trump.

Where have all the jobs gone?

Immigrants are present in construction, gardening, agriculture, fast food etc. all low pay jobs that few others want.

CSX Corp will cut 1,000 management employees. Productivity and automation blamed.

JC Penny cut 6,000 from 140 stores.

Which job board sites are best for your job search?

Who owns your account now?

Vanguard’s 60,000 millionaire account holders get served in offices by “crew” for less.

Miracle:

Jefferson’s slave-wife Sally finally given back her place in her adjoining bedroom

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Use advisor fees to build $1 million fund

Build $1 million retirement from saving on stuff you don’t need

Your largest expense you don’t need is your broker/advisor. Most of us do NOT see all the fees we actually pay. Yes, your immediate advisor fee may list a fee but the brokerage statement shows only the fund net earnings per period. The security gross is not shown. It does not show the 1-2% that the fund manager took before your balance was calculated. So you don’t see the gains your money earned BEFORE your manager took their “cut.” That total cost of TWO percent every year you invest for retirement could cut your potential nest egg by 64%. Why? The Miracle of Compounding works in reverse too.

            Unless your money manager is able to beat the market and the fees annually—and few have ever done it—you are only hurting yourself. If the fund you are in earned 6% and your costs are 2%, you are credited with the net of 4%. You don’t see the gross earnings first less costs. So compare your last Dec balance to this Dec balance and see how much you actually earned. Divide by last Dec and compare this to your benchmark or the stock market gain of 11.9%. Vanguard cut fees because we investors own Vanguard and as it drains the for-profit fund families, we benefit from ‘buying in bulk’. For instance, Pimco Total Return, once the world’s largest bond fund, lost $3.2 billion in December, bringing last year’s total cash withdrawals to $16.1 billion. Fees are important as this young man told his father. Are you earning over 11% a year?

The Vanguard Top Ten earn 11.5% over time:

2016 Total Return             Fund     Long-term Return           Longevity

11.9%              500 Index                    10.9%*            since 1976

33.1%              Energy                         10.9%              since 1984

16.1%              Extended Market         10.7%              since 1987

 -9.0%             Health                          16.4%              since 1984

  1.7%              International Growth   10.0%              since 1981

10.7%              PRIMECAP                 13.4%              since 1984

18.3%              Small Cap Index          10.7%              since 1960

 8.1%               Wellesley Income        9.9%                since 1970

12.5%              Windsor                      11.3%              since 1958

13.4%              Windsor II                   10.7%              since 1985

11.7%                                      Average 11.5%

*Average Annual Returns as of 12/31/16.

Create your own $1 million future without advisor fees that can take 63% of your total:

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

FREE tax preparation

Advertising to you is how they pay for free credit score and free tax preparation. https://www.creditkarma.com/ needs your eyes to obtain dollars from sellers of financial services and they give you software to file federal and state taxes at no cost. If you need to file a simple return, this is the cheapest way. The IRS has a topic look up so you can find the answer to your question easier than waiting on the telephone for an operator to answer: https://taxmap.ntis.gov/taxmap/ You can do your federal online FREE using commercial sites through the IRS https://www.irs.gov/uac/free-file-do-your-federal-taxes-for-free. These sites charge for a state return. You can also use a local AARP tax aide office. http://www.aarp.org/money/taxes/aarp_taxaide/ AARP does not discriminate by age or income so they can usually take care of most people. Best tip: deduction for IRA contributions and tax credit $2,000 subtracted from tax you owe. Double Your Pleasure. 

Take your Tax Credits like The Don: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

What is the most important factor in creating a HUGE nest egg?

John invested in a low-cost stock market index fund when he got his best job at age 35. He has invested 10% of his income every year. He retired 2 years ago at age 67. His balance was $887,525 which he shifted to a balanced fund earning 9.9% to begin funding his retirement income of 6% a year. During the 32 years, his balance went down 37% but he did not sell. He follows Buffett: "The market is a way to transfer money from the impatient to the patient."

David started investing in the same low-cost stock market index at age 45 and retired at (http://www.moneychimp.com/features/market_cagr.htm) age 67, two years ago. His balance was $557,201 even after investing TWICE the amount--20%--every year. He invested for a shorter time—22 vs 32 years. No broker/advisor has beaten the market that consistently. Let Buffett be your guide. 

TIME, not Wall Street, is the key to success: https://www.amazon.com/Pimps-Wall-Street-money-middlemen-ebook/dp/B0131JBWGM

Seniors retiring and leave workforce

The number of older Americans that aren't in the labor force rose by 800,000 in the fourth quarter of 2016, marking the resumption of a long-standing trend: the exodus of their generation from the work force and into retirement. This allows younger workers to elevate to senior positions but makes the GOP threaten us with cuts in Social Security. SS benefits are already means tested but Ryan’s train wants to avoid adding to the deficit by derailing the schedule seniors count on for income. GOP does not mind overfunding their war planes and $13 BILLION carrier when they have cost overruns but not when seniors have costs exceeding the Lock Box amounts. Social Security is our security blanket so we don’t have to worry about destitution but GOP keeps threatening to cut our benefits as if we did not earn them. The government used to be “by the people FOR the people” but has turned into “by the people FOR the corporate subsidies” of already profitable corps. 2/3 of corporations pay NO taxes—we pay them tax refunds and tax credits. What a system.

https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

GOP claims it has dozens of laws to replace ObamaCare but won't disclose till next week

Rand Paul says Trump supports his plan but he shows none. “By next week I will have a composite bill that is a replacement, that has the five most important ideas in legislative language, in a bill ready to go as a replacement the same day we do a repeal,” Rand Paul explained. As a doctor, Paul says we will have to buy a plan on your own. [Good luck] He wants to make sure the insurers don’t go bankrupt in the process of change. ObamaCare took months to craft and the single payer option was dropped in a deal to satisfy insurers. Not one GOP bill has been presented so far for fear it would be rejected by all sides. Some don’t like the mandate to buy insurance; some think it raises prices for their own plan; some blame Obama for the cancellation of their old defective policy; some don’t like govt plans at all; some don’t like Obama’s politics and some don’t think poor people deserve it. Most of the objectors receive a plan as part of their job so they don’t have to worry about finding care. GOP has had 8 years to design a plan. Most Americans don’t want to kill ObamaCare—just improve it. Even the AMA is against repeal and going back to the old system. America already has a system that works. It's called Medicare and has been successful for decades and could be expanded for the 20 million ObamaCare users within months.

Will Trump and GOP use the easy way to fix Social Security?

The maximum income that is subject to Social Security tax has gone from $118,500 to $127,000. That means the top 10% of income earners will have to pay an extra $20 or so every paycheck. About $11.6 billion in new tax revenue could come from the change in 2017, the Administration estimates. Congress could be taxing every salary or deferred income. Senior management makes 300 times the average salary—there would be no Social Security shortfall. Paul Ryan would not have to worry about how he is going to trick us into cutting our SS benefits. Congress could easily fix the projected shortfall. But that won’t happen with this Congress because most are millionaires. Once again the rich will get another tax break. Luckily, we have the opportunity to change Ryan’s plan in 4 years before the GOP starts the cuts. It won’t even require raising taxes just the “base” on which tax is collected.  

Until they do, use the only legal tax shelter we have: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520

How will cutting corporate and estate taxes help you?

The Don has promised to cut taxes for the most fortunate of Americans. Some in Congress have salivated on the prospect of ending the “death” tax on their assets over $5.45 million. We would need to find $21 billion somewhere else. Guess where! The offset might come from taxing the gain on those assets passed on so the heirs would need to pay a lower tax on greater increase in value from the original purchase. This could mean higher amounts are taxed at 20% instead of 40%. No matter what happens in Washington, the wealthy will find a way to pay less using other tax avoidance tricks. They have the luxury to shift income and revenue to take advantage of every tax credit under the sun. The only group that cannot do that is us. The Don’s own supporters will be paying more to help the rich.

Create a tax-FREE retirement now:  https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Are Target Date funds right for you?

One of the things you pay your advisor for is to figure out the balance between different assets in your portfolio over different markets and different times. The guideline they follow is that when you can afford the time for stocks to grow you should be tilted toward stocks. When you need more stable returns and income, as in near-retirement times, you need more bonds in your mix. Since no advisor can predict market ups and downs, you pay for guesswork. Since it is easy to tilt toward bonds as you get older, you don’t need to pay for this no-brainer. Most investors can benefit from the target date formula: 110 - (your age) = % stocks. At age 20, own 90% stocks; at age 60, own 50% stocks.

Keep all those years of advisor fees: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce-Fees/dp/1540435148

Is your Robo-Advisor charging you too much?

When you use a Robo-Advisor instead of a human or if your human advisor provides a Robo to “help” with your needs, beware—Not All Robo-advisors Are Low Cost. For instance, John Hancock is now offering “help” with their accounts via a Robo from NextCapital to automate its 401(k) and IRA rollover business. BEWARE, your advisor and the underlying fund manager may still charge you high fees despite you and the Robo doing all the work. Since Robo-Advisors are the new hot thing, you might be tempted to fall for this scam and give up fees that can take up to 63% of your total nest egg. Let’s say your advisor is using JH for the IRA your advisor wants to move your 401k into, you may be paying a huge price to this transaction and now you will do all the work with the advisor’s Robo or call center. Depending on the contract your advisor gives you, your costs could be in the thousands. A $500,000 401k transferred by Robo to JH IRA retirement annuity costs over $10,000 a year not counting the underlying JH fund you own. That could add another $5-8,000 a year. And you and the Robo did most of the work. Great system.

Save advisor fees: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Trump economic preview: GOP raises taxes when wealthy tax break fails in KS

We are seeing in KS what the GOP does when the “free market” tax breaks for the wealth does NOT create jobs and the deficit goes up. KS will raise taxes on smokes, booze and Kansas business owners, drawing largely negative reviews from the GOP-controlled Legislature. KS will sell its share of future revenues from the settlement between states and tobacco companies. KS will stop highway projects, child education and pension funding. KS faces $1.1 billion shortfall due to the tax cuts for wealthy in 2012. Despite some GOP recognition of the tax mistake, the Gov blames Obama’s economy, not tax cuts. GOP will use a Wall Street trick to ‘lend’ itself money so the budget looks balanced. The “sin” tax increases will hit the lower and middle classes. Big business (Koch) continues to use its tax bonanza to fund anti-democratic politics.

GOP can give Trump the tax breaks for the rich he promised but jobs are created from consumer demand not tax cuts. Bush II plunged us into recession with tax cuts and military spending. It is what GOP does. 

Protect your income from new taxes: https://www.amazon.com/Your-ZERO-Tax-Account-Wealthy/dp/1482772795

This is what the wealthy are doing to avoid paying taxes—what about you?

These are the strategies that the wealthy use to avoid paying their fair share of taxes to support the growth and defense of our country:

• Formula GPOAs for basis step-up
• Grantor retained annuity trusts funded with legitimate promissory notes
• Gifts of undivided interests in real estate
• Decanting
• Dynasty trusts--EG: our Trump Treasurer Mnuchin [Bloomberg.com] 
• Hybrid domestic asset protection trusts
• Non-grantor trusts for federal and state income tax shifting
• Non-judicial settlement agreements
• "Tax burn" strategy combined with SCINs and private annuities
• Incomplete gift non-grantor trusts

You and I don’t have the money or lawyers to do these things to hide and avoid taxes but we can use the best tax shelter for working Americans. Investing your money in this IRS-approved account guarantees that you will never pay Federal or state taxes on the income that is produced. It cost nothing to start this account. There are no advisor or lawyer fees. If you invested $250 a month in the funds that Warren Buffett recommends, you could have $250,000 or more to spend tax-FREE. Trump’s new tax rates don’t benefit us.  

Start today. Just follow the instructions to live tax-FREE: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Prez Trump does own “research” @Infowars.com, breitbart.com/, Twitter, cable TV

CIA FBI NSA evidence has no weight if you believe your “insider” informant Putin more. Trump has been conned by KGB Putin: changing The Don’s mind is not possible. 

Only stupid people believe it is bad to believe Putin over our own people. I’m smart

But Toyota does make my Camry here in Georgetown KY not in Mexico. Trump uses illegal foreign workers and Chinese steel for his own projects.

He does not check rightwingwatch.org/ factcheck.org/ to verify the information used to rule us.

Will he push the nuclear button before checking the facts?

We are entering the Twilight Zone:

"There is a fifth dimension beyond that which is known to man. It is a dimension as vast as space and timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. It is an area which we call the Twilight Zone." 

Rod Serling

  

THE DON’S 282 PROMISES

Deportation, The Wall, Re-Create Jobs, NO Abortion, No ObamaCare, More Guns, No Muslems, Reprochmont with Russia, Christian nation, Jail Clinton, Kill Terrorists and Family, Torture, Cancel Iran deal, Cancel EU-NATO, Term limits, Replace VA head, Coal Steel Infrastructure, End drug monopolies, Tax imports esp Ford, Grow 6%, Cut Deficit, Separate banking speculation, Cancel Consumer Protection Act, Change libel law, outlaw flag burning, End own biz ties, End endless tweets, Cancel Fiduciary Rule, Wealthy tax break, No tax income <$50K, tax profits sent overseas, Change Washington, Change GOP, Change, Change, It was rigged! … so I would win!

The Trump Presidential Style

Like mafia family, The Don has never had a boss, no corporate board to question his acts!

Remember, Don Trump is still a contractor from Queens NY, just richer than most.

“Trust only family” “I'd love to have Jared helping us on deals with other nations and see if we can do peace in the Middle East” Ivanka met with Japan PM Abe already.

The Don keeps  “friends” the mob closer than enemies—150 own his future income

Worries about old TV ratings

Can’t remember what he said yesterday—liar or pathology: 14 lies in 1 hour

Can the republic survive to 2020—half his subjects think the emperor has no clothes?

“I don’t care about my company. It doesn’t matter. My kids run it.”

The Don Way: Making money from the Secret Service and Top Secret info for biz, an Audience with The Don costs you $

Tweets misinformation all night then criticizes others for fake news

Trump made up fake news RE Obama citizenship and religion for gain 2011-15

Even Trump supporter Fox News chides Trump on CNN blast

Revenge for social political slights

Stiffs his vendors $3 million on Wash. Hotel alone

Is it really possible to ignore your own business interests and do what is best for US?

*

Promises and Actual outcomes:

“I’m also very much a germophobe” for story to be true. Really?

What about when you “grab them by the P---Y” and force a Tic Tac kiss on them? https://www.youtube.com/watch?v=8wM248Wo54U

Trump insists he has “nothing to do with Russia.” The past 30 years show otherwise.

The corporate law firm currently advising Trump on his business conflicts was named "Russia Law Firm of the Year" last year.

We got “low-balled” by Trump on his Great Wall. Instead of Mexico paying for it, now we have to pay FIRST before Mexico since he ‘found’ an existing law that makes it easier. Typical car salesman trick: https://www.meetkevin.com/salesman-lowballing-highballing

Tax cuts don’t make jobs; consumer demand does. Corporations already have tons of money and are NOT creating jobs; they are using the profits to buy back their own shares from the market. This increases the share value for CEO and upper management. They are not using own funds or low-cost bank loans to create jobs or build anything. Buybacks are at all time high.

Watch first 100 days: Bigger international deals via sons, Ivanka and Jared; Oil and gas and coal expansion, Wall Street speculates more, more wealth for the wealthy, end of Russian sanctions for hacking and invading Ukraine.  

It is hard to plan for the future if Prez changes positions and denies ever saying it

Promised to reveal taxes

Promised to explain how family would take over businesses Dec 15 so no conflict

Promised to explain replacement for ObamaCare with better, cheaper for everyone

Empty rhetoric--No plan provided: Why GOP hates Obama and his Care—jealous?

Alibaba China’s Amazon promised Trump one million jobs for small businesses on its platform to sell to Chinese consumers over the next five years. Alibaba wants small businesses in the Midwest, farmers and small clothing makers, to sell to the Chinese through Alibaba, whose Tmall online shopping platform offers virtual store fronts and payment portals to merchants. Trump thinks this means more jobs in US. Alibaba head Ma called Trump "smart" and "open-minded." Trump vowed to impose 45% tariffs on Chinese imports during his campaign. He also promised to call China a currency manipulator on his first day in office. About 7,000 U.S. brands sell through Tmall now.

Tolerance is un-American now?

Even Genghis Khan, 1206, accepted Muslims fairly.

            The Don projects violence as any bully does and his followers feed on it.

ISIS wants US to hate Muslims so more young Muslims will join ISIS

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!

GOP to end regulations for clean air and water: Test your water and air monthly.

Gregory Dean Donald Fowler J.D. Nicholas, Syosset caught gauging 27 clients with fees 

Brokers/advisors caught "excessive and short-term trading of long-term products," including variable annuities for more fees.

Ford recalls 800,000 vehicle airbags

Fiat Chrysler beat emission standard with software like VW—recall Jeep Ram diesels

FBI policy is to not disclose investigation but for The Don, FBI did disclose Hillary’s

FBI never informed Dems of Russian hackers progress IN PERSON. Called left message.

Cardinal Health caught NOT reporting suspicious use of powerful drugs

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?

TX wants everyone to carry gun everywhere and you don’t even have to know how  

Police organization issued a formal apology for the historic mistreatment of minorities.

Trumpers want police to start buying military weapons against civilians again.

SCAMS:

Schools lie about getting jobs in fields of study to convince us to take huge student loans. Anyone can open a school and claim courses are gold—not regulated—like Trump U.

B.S. to end estate tax: only 1 in 555 estates ever pays the tax since it easy to avoid it.

Ignoramus Award:

Trump blames the victim—Dems—for Putin’s attack on DEMs and democratic elections

How our government wastes our money

Why have expensive spy satellites, networks and intelligence “community” if not believe

We have used tricks to influence elections 117 times so we both know how it works! 

Let’s do election over.

Where have all the jobs gone?

Limited closed 250 stores -- 4,000 jobs cut; Sun Capital owner said nothing.

The styles you love are still available online. 50% Off - All Sales Final.

Who owns your account now?

Miracle:

Scientists learned to “supercool” an object beyond the quantum limit. That’s 10,000 times colder than the vacuum of space. Opens another science of quantum world.

Man with tree bark hands gets surgery for real hands

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts