Retirement nest eggs being FRIED

Our retirement nest eggs are being FRIED by fees hidden by mutual fund firms

Regulators, the President and Congress are funded by these for-profit firms. We must fight for ourselves by moving our money to NOT-FOR-PROFIT firms. “The agency [SEC] had a reform proposal ready to go back in the early days of this administration, but the industry didn’t like it, so it never went anywhere.” The mutual fund industry says 12b-1 fees “help investors who are seeking advice about what offerings to buy” by paying brokers to make those recommendations. We are paying brokers hidden fees to push sales on other people. Fees can take 63% of our total accumulations. Cut fees. Double your nest egg: http://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545

Create a tax-FREE legacy for your grandchild (without a lawyer)

Ian and Margaret had an IRA of $33,000 they did not need for their retirement. They wanted to provide for their newborn grandchild. They did not want to pay a lot of fees to a lawyer or broker. They can convert this regular IRA to a tax-FREE Roth IRA for Douglas in small amounts so the taxes on the gains are not overwhelming each year. The new Roth IRA account will be invested in the Vanguard 500 Index. With 100% stocks, this account could reach $200,000 in 20 years or $600,000 in 30 years. At Ian’s death, this tax-FREE accumulation would go to Douglas without going through probate of Ian’s will. Douglas could take out all the money without income tax or he could let it continue; providing $15 million in another 30 years. Ian can add more grandkids anytime.

Create a tax-FREE legacy: http://www.amazon.com/Give-your-Grandchild-000-Lifetime/dp/1456433105

House votes to repeal ObamaCare AGAIN—that’s 55 or 56 times

The House has agreed to pass legislation that makes possible a repeal of the ACA’s controversial expansion of the definition of a small employer — a bill hailed by the benefits industry for protecting the small and mid-size businesses they feel the expansion threatens to harm. Most people work for small business and many do NOT offer health coverage. ObamaCare would expand the risk pool to include larger companies by 2016.

GOP tax plans reduce taxes for rich and cut services for rest of us

GOP candidates will increase defense spending, increase war mobilization, increase border security, increase deportations, and increase pollution of environment. Fewer tax dollars increases borrowing from China and cut wages, unions, DEM voters, women’s health, Medicaid, Medicare, Social Security, EPA, FDA, IRS, and Supreme Court.

Choice becomes clear for non-wealthy who will suffer; back to Robber Baron days!

Our next president?   Jeb still leading in the race (for dollars)

GOP zealots to shut gov Dec 11? poor women denied health screens? SS checks held?

Trump is example in Abnormal Behavior in 21st Century; Personality Disorders and Older Adults.             Trump’s tax plan gives tax break to richest—gov doubles debt to China.

Carson catching Trump = Trump can’t take No 2 in polls.

Fiorina: knows waterboarding torture works despite facts it did not stop terrorists

            She used it at Hewlett-Packard? Collected American citizens’ phone data.

Jeb warned by donors to show success but lacks positive vision.

GOP admits Benghazi committee just propaganda to ruin Clinton.

Clinton hidden emails are black hole she can’t escape.

Biden/Warren (old/new) waiting for draft?

Sanders found 650,000 contributors online for $24 million—can’t win … BUT

GOP getting desperate—Keep Dems from voting in Alabama

AL closes every DMV in the 10 counties with most blacks so voters can’t get ID

GOP inspires fire bombing of Planned Parenthood?

Arson investigators deemed fire suspicious. Gasoline fire doused by sprinkler saves building after GOP House and Fiorina implies PP is killing children.

Pope promises accountability for sex crimes—new tribunal?

Pope Francis on Sunday said he met in private with a group of victims of clergy sexual abuse and he pledged that “all responsible will be held accountable.” The Survivors Network of those Abused by Priests, the nation’s most prominent support and advocacy group for victims of clergy sexual abuse, dismissed the pope’s actions. “A smart public relations move. That’s what this meeting is. Nothing more.”

Bishops paid $ millions for cover ups in many cities. Only 1 Msgr gets jail!

VW gives CEO $68 million after emission fraud tactic—reward, not indictment!

Carmaker suspended three top engineers—just suspension with pay? Other cars?

Some new Mercedes, BMW and Peugeot cars use 50 percent more fuel than laboratory tests show, saying this is evidence of a wider industry problem. VW said 11 million cars worldwide had defeat devices installed. Audi said 2.1 million of these were its own models, including the A1, A3, A4, A5, A6, TT, Q3 and Q5. "It seems that VW has known for years about these manipulations. Executive bonus clawback? No jail?

Do you know how your family assets will pay for retirement?

Most women in retirement have HALF the assets their husbands have. Many are living on Social Security benefits alone—just $683.53 a month. Can you make it on that?

Find out where your family money is BEFORE you both retire.

You will need it: http://www.amazon.com/Marriage-Money-Book-Start-Together/dp/1517572525

HOW CONGRESS WASTES OUR TAX DOLLARS

“We must guard against the militaryindustrial complex.” It’s DOUBLED in 14 years.

America needs to take care of American’s needs FIRST!

Rebuild America Act: a five-year plan would invest $1 trillion and create or maintain at least 13 million decent-paying jobs—Senate Budget Committee but GOP says no.

We are still wasting $8 million per HOUR we don’t have in Iraq/Afghan/Ukraine.   Taliban captures Kunduz, a major Afghan city. Afghans run.

We trained and equipped ISIS leadership—US sells arms to all sides for profit

Residents of Okinawa object to tens of thousands of U.S. troops and military sitting there

We are supporting child abuse by Afghan leaders by giving them money.

We pay Afghans immigrants $17 an hour to teach Marines how to be nice to Afghans. Now immigrants want OT back pay!

SCAMS

Bundy still has not paid his rent to us—no Fed accountability—he spit in our eye

Fed and state seems helpless against this one rancher. What would happen if you said the IRS has no jurisdiction over your assets? IRS would take your bank account and jail you.

Health Republic Insurance of New York collapse

This Affordable Care Act insurer got $265 million in U.S. loans. It will stop selling policies and eventually cease operations under orders from New York and federal regulators. Health insurance CO-OPs have been hamstrung by both the structure of the program and the way in which the Affordable Care Act was implemented.

Regulators fine Fifth Third Bank—no jail time

The bank pays $18 million to harmed African-Americans and Hispanics for discriminatory auto loan pricing and for illegal credit card practices.

Thomas J. Palermo, advisor, Parkland, Fla., and four others charged with insider trading of Gilead Sciences. Paid fine—NO JAIL TIME—free to do it again.

Regulators fine debt collectors but—no jail time—NOT even name perps?

Westlake Services and Wilshire Consumer Credit deceived consumers by calling under false pretenses and using phony caller ID information, falsely threatened to refer borrowers for investigation or criminal prosecution, and illegally disclosed information about debts to borrowers’ employers, friends, and family. Owners can just do it again. See Don Hankey and his other operations: http://www.westlakefinancial.com/Pages/AboutWestlakeAffiliates.aspx

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Financial Death Insurance

Financial Death Insurance: Avoid death by a thousand cuts in pay 

#Debt is a knife that is killing us slowly. 

#Indenture to our bank kills the pleasures of life. 

#Break the chains and gain financial freedom.

     Let's admit it. Most of us are spendaholics. 70% of us live paycheck to paycheck. Most of us will NEVER pay off our loans. We will die by a thousand cuts to our paychecks.

How can we get free of the Master or the VISA?

      Freedom from our chains of lifelong payments requires immediate action: cutting credit cards and amputation of some of our costly toys and habits. Going cold turkey is the only way to save your life in rehab. 

      When you have financial freedom, you can buy new toys using the profits from your investments. You can be building wealth in 24 months.

Right now, you are making other people wealthy from your monthly payments. Stop it! 

http://www.amazon.com/Financial-Death-Insurance-Avoid-thousand/dp/1492803138

Need medical cover? https://www.healthcare.gov/

October 1, start your new year without fear of medical destruction. January 1 you can live knowing your family is covered for a catastrophic illness or accident. Your coverage is not capped, it can’t be cut if you get sick, you get free screenings, you don’t have to sit the emergency to get a flu shot and more. Here is the benefit list: http://www.hhs.gov/healthcare/facts/timeline/index.html

Your current employer insurance plan may NOT have the same benefits.

Plans existing before the new law in 2010 were grandfathered and don’t have to have ObamaCare benefits:http://obamacarefacts.com/grandfathered-plans.php

Estimate your least plan cost with subsidy: http://kff.org/interactive/subsidy-calculator/

ObamaCare myths: 

http://www.politifact.com/truth-o-meter/article/2013/sep/24/top-16-myths-about-health-care-law/

Best existing medical insurance plans CR reviews in your state: http://www.consumerreports.org/healthinsurance

Insurers are prepared for new business and competition—GOP wrong again

Based on the belief that most insurers were well-positioned and preparing for the expected impact of health care reform, A.M. Best Co. maintained its stable outlook for the majority of the health industry in January 2013. It appears that all the fuss over ObamaCare is just political BS. America’s insurers and drug firms are ready to serve more customers! GOP used to be in favor of everyone paying for healthcare: http://www.youtube.com/watch?v=rcSjLvWLcxE

MA has ObamaCare already thanks to GOP—what was learned?

Today, 97 percent of the state's 6.6 million people have it — the highest coverage rate of anywhere in America.http://www.npr.org/blogs/health/2013/10/01/227887992/lessons-for-the-obamacare-rollout-courtesy-of-massachusetts

Living without a mortgage?

A novel way to beat the high cost of living—tiny home, on wheels—not a double wide. Small but cozy—cuts down on clutter. Built it yourself $24,000 or buy for $57,000: http://www.tumbleweedhouses.com/

Should you make a homeowner’s claim?

In some states, making a single homeowner's insurance claim raises the annual premium cost over 20%, according to a newhttp://www.insurancequotes.com/home/home-insurance-claim report. The state with the highest increase is Minnesota (+21.2%), followed by Connecticut (+20.6%) and Maryland (+19.3%). Buy only what you need: http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870/

Will debt reduce your sunny retirement years?

A much higher proportion of homeowners over 65 are carrying mortgage debt compared with past generations. The Consumer Financial Protection Bureau estimates that 30 percent of all homeowners 70 and older have mortgages to pay off. In 2001, just 8 percent of owners 75 or older carried mortgage debt, according to the Federal Reserve’s Survey of Consumer Finances, published in 2010. Working longer may be the answer if employment is still possible. About 7.2 million Americans 65 and older were employed last year, a 67 percent increase from a decade ago, according to government data. The median 401(k) balance for households headed by people aged 55 to 64 who had retirement accounts at work was $120,000 in 2011, according to the Center for Retirement Research at BostonCollege.  http://www.businessweek.com/articles/2013-09-26/former-executive-tom-palome-spends-his-retirement-flipping-burgers#r=nav-fs

Insurers misuse your credit?

State Farm has sent notices to nearly 700 customers whose accounts were handled by an after-hours call center employee who allegedly "misused" credit card information of at least 11 customers.

Is life insurance the best way to help your grandchild?

Many grandparents buy small $10,000 policies for their loved ones in the belief that this is the best gift for them. Consider what really happens. Most child policies are dropped. The hundreds of dollars spent are defaulted to the insurer FREE. Better to start a savings program for the child. Your gift to their Roth IRA can be worth $2.1 million by age 65. That is the miracle of compounding. And the child does not have to die to collect! http://www.amazon.com/Give-your-Grandchild-000-Lifetime/dp/1456433105

Have you been to Chicago lately?

Stay off the streets. Chicago now has highest murder rate. More than in Capone days, more than the Wild West days. They even shoot kids now! 

We need Wyatt Earp to ban guns in town like they did back then: 

After a decision by the Supreme Court affirming the right of individuals to own guns, then-Chicago Mayor Richard Daley sarcastically said, "Then why don't we do away with the court system and go back to the Old West, you have a gun and I have a gun and we'll settle it in the streets?" This is a common refrain heard in the gun debate. Gun control advocates fear -- and gun rights proponents sometimes hope -- the Second Amendment will transform our cities into modern-day versions of Dodge.

Yet this is all based on a widely shared misunderstanding of the Wild West. Frontier towns -- places like Tombstone, Deadwood, and Dodge -- actually had the most restrictive gun control laws in the nation.

In fact, many of those same cities have far less burdensome gun control today than they did back in the 1800s.http://www.huffingtonpost.com/adam-winkler/did-the-wild-west-have-mo_b_956035.html

Towns banned guns for one reason back in the 1800s—guns kill people! People can't always control their emotions. 

Did you inherit an annuity?

IRS ruled that you can transfer the annuity you inherit to another insurer so you can receive more. Rather than being bound by the terms of the decedent’s contract, beneficiaries may be able to exchange inherited contracts for newer, higher paying contracts, according to PLR 201330016. Such an annuity might have lower costs, come from a stronger company, offer better investment options, or have desirable features. A PLR only applies to the taxpayer who made the request, but it also shows how the IRS regards a certain issue. Thus, an exchange for a higher-paying annuity may be a realistic option for beneficiaries. See your optionshttp://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

Only poor people are hurt by GOP shutdown

Government employees but not Congress or aides, Women Infant Children, Veterans, Small Business loans, tourism and business that serve them, Head Start, SS disability hearings, cancer cure program testing, food safety, flu shots, etc. Congress and their staffs will get paid. Military and weapons makers will get paid. Anyone they decide is 'essential' is paid but the rest of workers are NOT essential.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/01/the-nine-most-painful-consequences-of-a-government-shutdown/

Millions of Poor Are Left Uncovered by Health Law—Two Americas?

If you and your neighbors elected a GOP government recently, you will likely NOT have health care available. Those that need it the most are denied the opportunity to buy coverage. America is NOT the land of opportunity GOP pretends. Only the rich can afford coverage in the 26 states ruled by GOP—60% of American working poor.

“How can somebody in poverty not be eligible for subsidies?” an unemployed health care worker in Virginia asked through tears. Before she lost her job and her house and had to move in with her brother in Virginia, she lived in Maryland, a state that is expanding Medicaid. “Would I go back there?” she asked. “It might involve me living in my car. I don’t know. I might consider it.” Will the poor have to move to get covered?

Two Americas: Banana Republic or Civil War?

SCAMS           “Deficits don’t matter” Republican godfather, Dick Cheney, 2002

Educated are more susceptible to scams than others

Recent survey found that more than 80 percent of respondents were approached with potentially fraudulent offers and that 40 percent of all respondents were unable to spot “classic red flags of fraud” — implicit warnings that they were in danger of being fleeced. The survey showed that the highest earners — those with household incomes of $100,000 or more — found the pitch more appealing than those with lower incomes. And those with more education were generally more credulous, too. The greater their education, the more likely they were to invest in potentially fraudulent schemes. They are overconfident and had the money. Scammers on work for people with money. http://www.nytimes.com/2013/09/29/your-money/the-bridges-are-new-but-business-scams-are-timeless.html?pagewanted=all

Tracking of Americans through friends’ network allowed

Government can now keep tabs on all your friends and networks without court order. You don’t even need to be in touch with foreigners. OKed by Supremes too:

http://www.nytimes.com/2013/09/29/us/nsa-examines-social-networks-of-us-citizens.html?pagewanted=all&_r=0

Allstate reneges on promises

Allstate retiree Garnet Turner is suing the insurer to protect the life insurance benefit he claims he was promised. 

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

10 steps to success with money

Financial Literacy: 10 Steps to Success with Money 

Warren Buffett started with $6,000 saved from his paper routes and in 60 years, accumulated $60 billions—about the size of Bolivia's GDP.

What can we learn from Mr Buffett?

"My wealth has come from a combination of living in America, some lucky genes, and compound interest."

Invest your money in businesses sharing profits with you and over time you can reach $1,000,000. Use an IRS tax-FREE account and it’s like a $300,000 bonus.

http://www.amazon.com/Financial-Literacy-Steps-Success-Money/dp/1491044616/

People don’t reach goals because they don’t start saving early

Only one in four financial planning clients actually begin saving early enough in their career to achieve the recommended level of retirement savings. Overspending and living beyond one's means (61 percent) are the most common reasons clients veer from their financial plans, the study shows. You can make sure your grandchild starts early by opening a tax-FREE account for them with $100. Every year you delay costs your favorite kid $100,000 later.  http://www.amazon.com/Give-your-Grandchild-000-Lifetime/dp/1456433105

Study shows indexing is good even for high-cost managers

Fund managers have every incentive to mimic their benchmark when markets are down, according to researchers. During up years, a strong relationship exists between fund performance and net flows. However, during down years, outperforming or underperforming a benchmark does not have a significant impact on the subsequent year's flows. Earn 10-12% yourself without the high fees: http://www.amazon.com/your-Wall-Street-Stock-traders/dp/1490533273

Drivers don’t use discounts—missing $500 savings

Almost two in five drivers are either not receiving any car insurance discounts (30%) or do not know if they are receiving any discounts (9%), according to InsuranceQuotes.com. http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Health exchange drops price

Kaiser Permanente lowered the rates it is proposing to charge customers through the District's new DC Health Link insurance exchange by 4.4 percent for small-business employees and half a percent for individuals. Two other plans, United HealthCare, and Aetna dropped rates by more than 10 percent. CareFirst is the fourth company on the exchange. Buy only what you need: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Insurers named in “too big to fail” list

AIG and Allianz are among insurers deemed systemically important by global financial rule makers, meaning they may face tougher capital standards and tighter regulation.

Health care exchanges explained (sort of) in video

http://kff.org/health-reform/video/youtoons-obamacare-video/

When you shop for health insurance, avoid these inadequate policies and gaps in coverage: http://www.consumerreports.org/cro/2012/05/hazardous-health-plans/index.htm

ObamaCare exchanges required states to work through many parts. Each state offers differing benefits and costs. NY says you can save 50%. Some states offer nothing. Having a lot of choices just makes it harder to decide and lets insurers cloud the price: http://economix.blogs.nytimes.com/2013/07/19/what-makes-u-s-health-insurance-exchanges-so-complicated/

81% of Americans say they are aware of the 2010 Affordable Care Act's (ACA's) requirement that most Americans must carry health insurance or pay a fine. But many uninsured say they didn’t know they had to get coverage. Where have they been?

LA homeowners’ rate increases

State Farm in Louisiana is making changes to minimum homeowners’ deductibles and implementing an overall 8.8 percent homeowners’ rate increases. Check coverage for discounts and save: http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870

FL wants the money from your benefits

The state of Florida has put the squeeze on some of the nation's biggest life insurance companies to hand over benefits from almost 96,000 unclaimed policies worth more than $75 million. You claim it: http://www.consumerreports.org/cro/magazine/2013/02/how-to-find-lost-life-insurance-policies/index.htm

Survey Finds Fear of the Markets Trumps Fear of Death

Americans are more afraid of investing in the stock market than they are of losing their jobs, public speaking and even dying. Many – especially younger investors – use a website for their financial planning needs. Investment ‘professionals’ are unclear about why this is. Low-cost index funds provide 10-12% a year over time.

83 percent of respondents are afraid of another financial crisis, while 72 percent are concerned their personal health care costs will become unmanageable and 71 percent worry they will not be able to pay for their children’s education. Rather than working with an investment professional, generation X and millennials are more likely to use websites as their primary financial planning resource. Some use Wealth Without Wall Street: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

SCAMS           “Deficits don’t matter” Republican godfather, Dick Cheney, 2002

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

Give your teen a financial chance

Great gift idea for your young person
In a few short chapters your favorite teen can gain insight to the world of money. No school has this course YET. All their contributions (with your help) go toward their future financial foundation. They will have enough for their needs without TAXES, FEES, and COMMISSIONS. Set up the account in 1 hour online and manage it only once a year. “So simple yet so powerful a strategy, anyone can.” ABCs of Building Wealth
amazon.com/ABCs-Building-Wealth-guide-accumulating/

Small business helped by Obama-inspired health insurance exchanges
A vast majority of New York State's small business owners are giving two thumbs up to health insurance exchanges as a viable way to provide health insurance to their employees, according to a statewide survey commissioned by HealthPass New York, a NYC-based commercial health insurance exchange. The survey also found that exchanges have the potential to change the health care marketplace in New York at a time when many small business owners are struggling to keep afloat. The federal Affordable Care Act of 2010 requires states to create their own exchanges to give small businesses access to affordable health care coverage or be included in a federal exchange. "We believe that health insurance exchanges have the potential to stimulate economic development throughout New York State,” one observer said.

Would you send your son/daughter to a place where rape covered up for years?
Paterno said he did not inform police and waited at least a day to inform his boss, athletic director Tim Curley, because he "didn't want to interfere with their weekends."
McQueary testifying that he personally saw Sandusky with his arms wrapped around a boy's waist in a shower, and believed (although he was not 100 percent certain) that the boy was being sodomized. He immediately called his father, and they decided he should go to Paterno the next day.
The AG's office wrote that "there is no indication that anyone from the university ever attempted to learn the identity of the child who was sexually assaulted on their campus or made any follow-up effort to obtain more information," and "there was no effective change in Sandusky's status with the school and no limits on his access to the campus."
The allegations subsequently came across as "not that serious" to Curley, and that it seemed to amount to a case of "he said, she said." Who is the she here?
Sandusky had been implicated as a possible sex offender as early as 1998, when university police were involved in an investigation following "allegations of sexually inappropriate behavior involving Sandusky and young boys in the football showers."
Where are the adults here?

Advisors pushing annuities—commission up to 17% BEWARE
More and more financial advisers are recommending stock market-linked variable annuities as part of retirement planning but one of advisers' biggest objections remains the cost of these retirement savings and income products. Bank sales up 11%! Guarantees sound attractive but small print can kill. Read our Guide FIRST: amazon.com/Not-Buy-That-Annuity-Guaranteed/

TX homeowners may not get refunds after all
State Farm Lloyds, the largest writer, has asked a Texas appeals court to reconsider an order requiring the company to refund about $350 million to consumers in the Lone Star State. Regulators had ordered the refunds because of overcharging from 2003-8. Earlier this month, State Farm Lloyds was allowed to raise deductibles for homeowners' policies in the state to 1% of the insured homes value. State Insurance Commissioner Eleanor Kitzman also approved a request by the company to raise homeowners' rates by an average of 10%.

WA drivers get refund
Geico has been ordered to refund $7.5 million by the end of the year after overcharging its Washington state customers. Geico claims it was caused by a computer glitch. Drivers will receive $300 on average.

Retirees don’t agree on working longer so plans get sidetracked
Almost half of couples — 47 percent — nearing retirement don’t agree on whether or not they’ll keep working, according to a new study.

MI health insurance buyers get rebate for overcharges
An estimated 340,000 Michigan consumers who buy their own health insurance could get as much as $89 million in rebates over the next three years following a ruling Monday by federal health regulators that turned down the state's request to be exempted from new health reform requirements.
Starting in January, insurance companies selling individual plans must spend at least 80 cents of every dollar collected from monthly premiums on medical care and no more than 20 cents on salaries and administrative costs. "Today's decision is a significant defeat for the insurance lobby and one that will allow our state's consumers to rightfully keep... their hard-earned money," said Don Hazaert, director of Michigan Consumers for Healthcare.

Do not be tricked by Wall Street ad men—Hot mutual funds deliver profit to manager NOT to investors
Most objective studies of investing style prove that chasing the hottest mutual fund over and over is a loser’s game. Note the record of top stock picker, Bill Miller at Legg Mason. Miller beat the market from 1991 to 2005 on paper. However, when real investor returns are analyzed, they earned less than a market index. Today’s winner is tomorrow’s loser. Buying and selling does not beat buy and hold over the long term. Bill Miller will retire with a TON of money—1.77% of $2.7B=$47,700,000 in just the last year—but his clents earned just 7.96%. Vanguard’s 500 Index earned 11.41%. http://finance.fortune.cnn.com/2011/12/07/bill-miller-legg-mason-returns/

Smart investors don’t fall for Wall Street’s sucker bet. amazon.com/Wealth-Without-Wall-Street-Commissions/

Small business write-off 35% of worker health care costs!
If you are a small employer who pays at least half of your employee health insurance premiums, you may qualify for a tax credit of up to 35 percent of the premiums paid. An employer with fewer than 25 full-time employees who pays an average wage of less than $50,000 a year may qualify. For more information see the Small Business Health Care Tax Credit page on IRS.gov.

For more 2011 tax credits, see Publication 17 online: http://www.irs.gov/pub/irs-pdf/p17.pdf


A.M. Best Downgrades Ratings of Alfa Insurance Group and Alfa Life Insurance

SCAMS
Washington Mutual CEO wrecked the bank and got paid well. NO ACCOUNTABILITY
Largest bank failure and the officers don’t even have to pay the fine! The bank they destroyed paid for the insurance policy that paid the Feds. Actually all of us pay since insurers only raise rates to make up what they paid out. The fines are a pittance when set against the $88 million in compensation that CEO Killinger received from the bank from 2001 to 2007. Regulators will probably not prosecute the execs because they don’t have the b___s for it. Just like Countrywide and IndyMac.
LESSON: Execs are free to steal in America today.

Our “representatives” give away $ Billions to each other and friends every year. In fact, Senator Coburn (R-OK) has issued a new report, Wastebook, about giving money to China, Chimp feces study, and that “bridge to nowhere” they continue to fund. http://www.coburn.senate.gov/public/index.cfm?a=Files.Serve&File_id=b69a6ebd-7ebe-41b7-bb03-c25a5e194365
Welfare for millionaires is explaned in this study:
http://www.coburn.senate.gov/public/index.cfm/pressreleases?ContentRecord_id=f50198ef-6e15-4847-ab95-1b2bb57278c4
We now have over 150,000 mercenaries/contractors in Iraq and Afghanistan. http://www.fas.org/sgp/crs/natsec/R40764.pdf
No wonder the deficit grows every day and we can’t stop it.

Feds sue Fannie and Freddie execs—and there’s NO chance they will go to jail!
Six former top executives at Fannie Mae and Freddie Mac were sued by U.S. regulators on charges of misleading investors about the mortgage finance companies' exposure to risky home loans in the run-up to the 2008 financial crisis. Of course, we pay for the executives legal bills even though they cleaned out the bank on leaving—$10.6 million to Mudd and $18.3 million to Syron. Plus they paid Newt $1.6 million to help Congress “turn the other way.”

Let me know what you think. Editor@TheInsidersGuides.com

IAN
41 Watchung Plaza, B242
Montclair, NJ 07042
347.746.2014

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

TIME creates wealth—the perfect present

This is the perfect birthday present for a young person. Because of the power of compound interest, you can start your loved one on the path to financial freedom that they will remember for a lifetime.
You can start small or large. You can establish an account for any person of any age. Even if they have not been born yet, you can lay the foundation for a better life.
The nice part is that you can do it easily and quickly.
You can start with as little as $100 by bank draft.
Fill out the application (download http://www.tiaa-cref.org/pdf/forms/mf-app.pdf) and send it to TIAA-CREF.org, one of the most secure pension providers.
Depending on the age of the recipient, you can be the owner with them and leave them the money as a transfer or they can be the owner from the start. If they have earned income, the ROTH IRA will add another 25% tax-FREE earnings to their retirement nest.
The point is to get them started with an equity index mutual fund early. Since this fund does not trade stocks, the tax bite is minimal. TIME creates wealth, not fast trading. As Warren Buffett, one of the world’s best investors, said,

“We continue to make more money when snoring than when active.”
berkshirehathaway.com

Look at what your gift can provide in the future because of compounding:

$100 is worth $10,000 later. $1,000 gets $100,000 and $10,000 gets $1,000,000.
If you start your gift early, providing $100 a month for 8 years before age 26, the child can have $36,000 at 30, $100,000 at 40, and $1 million at age 65. (http://www.saferchild.org/power.htm)

You can use this gift to help them go to college, start their life, buy a home, start a business, or just have as a basis for financial security later in life. You can structure it the way you want. When you or they take money out, the tax can be as low as 5% depending on the owner’s income level and type of account. See our FREE Guide: http://www.theinsidersguides.com/freeguide.html

They can use it later in life as a reserve to help them through a crisis or just to remember you as they spend it. Ether way, this reserve could provide wealth for life. What a perfect birthday present.

Make Your Grandchild Wealthy With $1000

Make Your Grandchild Wealthy With $1000:
A Grandparent’s Guide to Making your Grandchild a Millionaire

In the decades ahead, as a result of mortality and inheritance, an estimated $20 trillion will be passed to the next generation.

How can we provide for our grandchildren in the best way?

1. We can provide a way for our grandchildren to grow into controlling money so they know how to benefit from it.
2. We want to avoid taxes for ourselves and them as much as possible.

The Best

Invest early and often. This is the most important advice every grandparent has for the younger generation. Those who are lucky or wise enough to follow this advice turn out to have a happier life by any measure. You may not be able to convince your loved ones of this common sense. Even some of our best schools now understand that this lesson needs to be taught to all, early, just like sex education. Speaking to individuals about their money is the last taboo our society has yet to confront. Unlike sex education, our culture has to make a commitment to make this education universal.

Until it does, you may be able to actually make this happen for your grandchildren as your legacy.

$1,000, invested at birth can be worth about $1,233,274 at age 65. $3,000 at birth can get them about $3,699,823. $5,000 can become about $6,166,372. That is worth about a $1,000,000 in today’s purchasing power.

How cool would it be if you made it possible for them to not have to worry about their retirement? Social Security? You don’t know what the future will bring. You DO know they have a lot of time before retirement. You have the ability to help them get a jump on things. They get a head start on their way to a comfortable life.

If you started them out early, they will have already seen the power of compounding by the time of their first job. Compounding can turn that $1,000 or $5,000 into their lifetime security fund. They can start their Roth IRA or company Roth IRA and know how to earn 12% on their money. Some mutual funds holding stocks have earned 12% historically. At their job, they can contribute $3,000 a year ($120,000) and have another $1million tax-FREE to assure them of long-term care if they need it.

One advisor said: “Obviously, starting early for grandchildren might make all the difference for the next generation. This might become a financial legacy that the present generation can give to the younger generation without leaving assets in a will. But for you and me, the hard fact is that it is TIME and not anything else that we can currently change, that makes compounding work. Look at what a single gift of $1,000 at birth can do for a child.”


Baby's Birth $1000
Age 10 $3,000
age20 $10,893
age 25 $19,788
age 30 $35,950
age 65 $2,347,857

“WOW! That is amazing. Even if they start investing later in life, they can’t make up the time by putting in a little more money, or following advice to ‘buy low, sell high’ or to ‘pick winners and let them ride’?”

Another way to look at this Gift of a Lifetime is that your $5,000 investment before age 5 could allow your grandchild to have what I call a “Wealth Reserve.” They would have a Wealth Reserve of about $50,000 by age 22. That would allow them to start a home, business or go to graduate school if they like. You have the peace of mind of knowing that you have provided the financial foundation for their entire life. If they don’t spend it right away, they can avoid interest expenses when they buy things on time and have enough to insure their retirement needs.

A Wealth Reserve can help your loved one “self-insure” their insurance needs. They can buy insurance and other financial services for less because they have a reserve that covers the high deductibles of insurance policies. They insure for the catastrophic risks like businesses do. They pay less in premiums and fees because they have the reserves to cover the smaller expenses.

In the past, parents and grandparents purchased small insurance policies on their loved ones in the mistaken belief that an insurance policy provides for their financial foundation or guarantee of their future insurability. Neither of these beliefs is true. Sometime in the past these solutions may have been useful to young poor families but not lately.

Child mortality was high when you grew up. Insurers came to collect pennies each week from your parents to pay for a $1,000 or $5,000 death benefit. These small policies provide little benefit when they might be used some 85 years later. I recently cashed mine in for a couple of hundred dollars. Even cremations cost more than the total death benefit today.

Today, almost any child will be insurable by the age they need to have life insurance to protect those who depend on them for financial security. There is no benefit to purchasing a policy at birth to maintain insurability, as some carriers contend. When your grandchild gets married and needs insurance to protect their family, they will need a lot more coverage than the best of the child policies. Also, many employers now provide life insurance, even if your grandchild has a medical condition that would require a higher premium for coverage. The employer’s group rate takes this into account since employees do not obtain full underwriting.

Wouldn’t it be better to provide a Wealth Reserve of about $36,000 at age 18 for your grandchild’s college expense? If they are not interested in college, the $50,000 at age 22 would help them start a business or buy a home or at age 65, provide a pre-paid retirement.

The best part: You don't have to be wealthy to act wealthy. Give $1000 today. We show you how to start.

Find more about The Gift of a Lifetime at
http://www.theinsidersguides.com/gigiofli.html