Are you being scammed?

Best evidence you are being scammed

A cold call, unsolicited letter or email! Think of it. You have been ‘chosen’ out of billions of people to receive an offer that sounds too good to be true. If the offer requires you to send money to get money or if it is heavily charged with emotion, you can’t possibly make a rational decision by yourself. You need help—any friend or advisor can help. The money strategy is complicated but scammer sounds like they know what they are talking about. Even Harvard endowment fund is fooled by bad direct investments. Scammer has your detailed personal info so they must be authentic agent of govt agency. You find a charge on your credit card you don’t recognize. Credit card charge is small $1 and you ignore it. Check out how much info you can find on yourself on the internet—just type your full name. You will be shocked to see a lot more than you want floating out there. Most of it can be used to rob you. You should go after every firm that offers to sell your data. It is said that scammers can buy your whole profile for less than $100.

Avoid money scams: https://www.amazon.com/Avoid-Scams-Brokers-Advisors-Sender/dp/1726328023

Will you have enough?

How do you know whether your investments will provide enough money for retirement? Your advisor may not be a financial planner or have access to the calculators that can make an estimate. You should do a little homework just to make sure you know how you are doing since your advisor is unlikely to be around in 25 years. Retirement calculators like Vanguard’s Retirement Income Calculator and Vanguard’s Nest Egg Calculator can give you a feel for your accumulation progress. The value of these kinds of calculators is that they include the Time Value of Money. For instance, if you are due to have a pension of $1,000 a month when you retire in 20 years, it is sobering to know that it will be worth about HALF or $500 a month in purchasing power. Inflation of 3% is assumed in Vanguard’s projections so you understand that if you use bonds or CDs paying 3% a year as your investments, you will have NO real gains in 20 years. Only stocks with 10-12% total return can overcome inflation. Compounding is the name of ‘money earning money on itself’ when invested in companies like those in a low-cost market index fund. Compounding is how you can reach a $1,000,000 nest egg by investing $250 a month for 35 years. It is TIME, not stock-picking that wins according to Warren Buffett. When you avoid high-cost advisors, you earn 11% not 3.79% the average for ‘managed’ money.

Educate yourself: https://www.amazon.com/DIY-Financial-Independence-Freedom-Workbook/dp/1088908500

What you own in your 401k stock fund

Many 401k participants make their contributions to low-cost stock index funds or Target-Date index funds. What do you really own? You own shares of a fund that owns stocks that make up the market. You own them through your share of parts of these firms:

1          Microsoft Corp.

2          Apple Inc.

3          Amazon.com Inc.

4          Alphabet Inc.

5          Facebook Inc.

6          Berkshire Hathaway Inc.

7          JPMorgan Chase & Co.

8          Johnson & Johnson

9          Exxon Mobil Corp.

10        Visa Inc.

Over time, you receive gains and dividends that provide a total return of 10-12%. In this manner, you can accumulate $1,000,000 with as little as $16,000. All it takes from you is patience. As Buffett proved in his win over 5 hedge funds, no person or computer can foretell the future. Buffett used John Bogle’s invention to win: “Don’t look for the needle in the haystack. Buy the whole haystack!” And the haystack gives you more!

Buy them all: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409/

Are you willing to wait for your $1 million?

You can accumulate $1,000,000 with as little as $16,000. All it takes from you is patience. But most of us have no more patience. Three quarters of those surveyed said they believe the dominance of digital technology, such as smartphones and on-demand TVs, are to blame for this ever growing lack of patience. Respondents reported becoming frustrated after just 25 seconds of waiting for a traffic light to change. Life moves at such a fast pace, we just don’t believe that it is TIME, not stock-picking that beats expensive money managers. Very few of us believe that just by avoiding high fees and trading, you can earn 11% not 3.79%. The facts and actual results don’t make an impact on most investors. We don’t learn about compounding in school so we assume saving in a high-interest bank account is the only way to become rich. Actually, the rich keep 60% of their assets in stocks compared to only 18% for US. Fidelity studied their most successful investor accounts: Best were forgotten—never traded, hedged, rotated, or churned. If you were running a business, you would NOT sell (trade) it every 6 months or year. You would keep working it to be rewarded over time. Like Buffett, just buy and buy more: https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268

Is a Health Savings Account right for you?

First, you must buy a high-deductible health care policy from your employer: Deductible must be over $1,350 for individuals and $2,700 for families. Second, you need to have the money to establish and maintain a special savings account for your medical expenses. It is tax-advantaged so to help you, you must have sufficient income to need a tax deduction. Your employer can make the contributions for you. While your 401(k) contributions are subject to Social Security and Medicare taxes, contributions to your HSA are not. If you have HAS money left over you can let it grow year after year. After age 65 there is no penalty on non-medical withdrawals. Third, your HSA institution may charge fees. Fourth, depending on your medical expenses, you may pay more for health care coverage than using a traditional plan.

Compare your total plan expenses: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Converting IRA to tax-free Roth IRA?

You can amass a sizable tax-free income later in retirement by paying the tax due on your IRA, moving the money to a Roth IRA so that future earnings are tax FREE. There is no withdrawal penalty if you begin after age 59.5. However, after age 70.5 you must take certain annual amounts from your IRA so Uncle Sam gets the income tax you didn’t pay during all those accumulation years. It is called your RMD and it amounts to 3-4% of your overall IRA total. If you take it as monthly income, according to the IRS formula, be aware that the RMD must be recognized BEFORE the IRA conversion can take place. The RMD amount is first out in any given year. So if you take $2,000 a month as your $24,000 RMD, you can’t take $10,000 to convert to a Roth in the middle of the year.

Make a careful plan: https://www.amazon.com/What-your-RMD-does-how-much-spend/dp/1718946716

Can you really save with ‘behavior’ car insurance?

Since everyone is different, we can’t tell without trying it. The app down-loaded to your phone records HOW you drive for 2-3 weeks. Hard turns and quick stop and go driving will dissuade from the low-cost rates. A quiz sets up the coverage you want. You get a quote: usually if you are an infrequent careful driver, you win. You must live in a state where it is available. Most large insurers offer some form of behavior-driven coverage. Savings depend on a host of other policy options.

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

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This period is a test of democracy—do we really want it or not?

"Never in my life did I think I would like to see a dictator but if there's going to be one I want it to be Trump."

Queen and PM unlawfully shut Parliament on crucial issue: Democracy challenged in UK too.

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

Congress fails to stop guns and drugs from killing us: What do they do all day? Dial for $

The longer Congress waits to fix the warming the more taxes it will cost to fix.

Trump gives Saudis our forces: we already gave them planes and missiles—let them fight

American’s income is growing farther apart: Average worker’s income has not grown!

More welfare to Trump’s people: $28 Billion plus wasted in global competitive market!

Each state wastes $ millions: claims it ‘created’ jobs: NJ shows how Christie did it.

Defense contractor ‘mistake’ will cost US $1 billion to fix: contractor takes profits?

What happened to Trump’s Taliban ‘deal’: $2 TRILLION wasted so far

Trump's wall is 'totally absurd': Congressman climbs over to show how easy to scale.

Trump’s airport guards hold NJ mayor & family for 3 hours: his phone for 2 weeks

Obama’s HHS gave $227 million to states that lied about child needs: AL $95 mil LA $7

SCAMS/SPINS:

We can’t avoid tax on retirement funds just by not cashing check: ‘Dog ate it’ not excuse

Moscow Mitch plays both sides: give states money to ‘fix’ election machines for USSR.

Trump rolled back legal clock to the 1860s: Destroy 13^th, 14^th, 15^th, Roe, Voting Rights

“I think I’m gonna get a Nobel Prize for a lot of things …”

Is this a mob boss’s deal?: “do us a favor” “Attorney General will call” “about Biden’s son”

Scammer uses Facepage pic to trick us about govt grant and giving them money.

Scam: Tariffs are paid by China: Actual price hikes we pay since last year

Unlicensed advisor Marcos Tamayo cost only $300 a year: doing right by his clients?

Six annuity sellers caught replacing deferred annuity with immediate: cost $1.8 million

BEWARE: Brokers pushing ‘calendar risk reversal’ options—bet only what you can lose

Hidden costs of ETFs: these index funds are not always cheaper than the traditional.

Chris Kubiak caught stealing from elderly clients in Ponzi-type scheme: 2 yrs jail time.

Christopher Fulco caught stealing $1.6 mil fake statements/firms to elderly: no jail

Sprint caught taking subsidies for low-income Lifeline service not being used

Chrysler Fiat caught lying about emissions AFTER gov indicted VW

Fair Collections & Outsourcing caught false loan collection practices & statements

Match, Tinder, Cupid caught using fake ads to trick us into subscriptions

David Rourke Jarrod Sherman caught selling stock in firm they had financial interest

Andrei Tyurin caught hacking our JP Morgan Chase data for personal gain

Boeing 737 inspectors were NOT really qualified to test pilots: led to 346 deaths

BEWARE: your ETF could disappear: 25% have folded; 7% lost big; fees hurt

Joseph Pratt caught insider trading on clinical trial info w/o notice to Wells

Trump to cancel $235,000 Duke grant: not enough emphasis on his fav religions!

Jobs

Community College for the 1^st year to get used to the routine of costs, class, study, work.

Trump is busy running US … House-building in Scotland: WALL money?

Who owns your account now?

ME to let customers decide which cable channels to buy: industry horrified by choice

Trump to end CA IRA: employers want to help workers save but broker fees left out.

Review: Vanguard new robo investing service is low-cost automatic investing

IRS is looking for your amended tax return: virtual currency needs new reporting.

Trump: broker/advisors beat you in any dispute: you can’t sue if you are mistreated

But Trump sues NYState—no mandatory arbitration for him! No rights for us!

Supremes define where to set up your trust account so income is not taxed

Miracle:

Will the Pope protect believers or the Papal fund raisers?

One 16 year old is the face of global warming crisis: “biggest crisis humanity has ever faced”

Another 16 year old picks up VW for life: "I just thank God for putting me in the position and giving me the strength to do that."

Rapid DNA 2 hour test may become ultimate crime stopper

Teach kindness: mindfulness and kindness actually alter the behavior of genes: mind therapy?

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

Which is better for you--ETF or mutual fund?

Which is better for you—ETF or mutual fund?

As usual it depends. It depends on what you are trying to do with your money. ETFs are index funds that can be traded daily for a price. You have to have a brokerage account. You should know why you are buying this particular one—not just because your broker is selling it. The industry created these securities because investors were moving money to index funds because they beat stock pickers over time. They created ETFs so they could get investors to trade again. Now, the pitch is this ‘slice of the market will beat your cheap index fund.’ They have not. Studies show “In every single time period and data point tested, low-cost funds beat high-cost funds” and cost is the most accurate predictor of success. Over time, paying 2% of your money may seem trivial but can take 63% of your potential accumulation.

Trader or Investor: https://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

What if you did NOT file a tax return on time?

Anyone who didn’t file and owes tax should file a return as soon as possible and pay as much as possible to reduce penalties and interest. There’s no penalty for filing a late return if a refund is due. Penalties and interest only accrue on unfiled returns of taxpayers who don’t pay by the deadline. IRS Free File is still available on IRS.gov through October 15 to prepare and file returns electronically if you qualify. If you usually pay on time you may qualify for penalty relief. Otherwise, apply online for a payment plan—an installment agreement. IRS fixes your math errors and notifies you by mail—calls from IRS are scammers. Letters may also request missing forms or schedules.

Amendment to fix: https://www.irs.gov/newsroom/tips-for-taxpayers-who-have-to-amend-a-tax-return

You can earn HIGHER returns than the Harvard Endowment

A small college in WI uses a former businessman as advisor. Working from his home, his picks surpassed the dozens of advisor portfolio managers at Harvard and many other Ivy schools. The winning advisor’s approach is more pedestrian: mostly low-cost, market-tracking index funds from Vanguard, the same funds used by legions of do-it-yourself individual investors. Why isn’t reliance on indexing more common among those who oversee the nation’s half a trillion dollars in college endowments? “Maybe it’s too simple,” advisor Abt says. That is also what Warren Buffett says. How could Ivy school advisors justify $175 millions in salary and bonus if they used low-cost index funds?

Anybody can do that: https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268

Do you know all the lingo and fees when you shop for a car/vehicle?
Time to review what the sales person means and charges are BEFORE you hit the internet to search for your best deal. This glossary helps you learn what fees you can negotiate and which your state requires. Do you pay the average price for your model and mileage (used) and dealer or private owner? Obtain your own financing if you can since dealers make more on the financing (for those with poor credit) than on the car. Just don’t tell the seller until you agree on the price. Remember, you are going through all this because a car/vehicle can cost as much as your house down payment. Over 6-8 years of the loan you may be overpaying by $9,600 or more. Same with insurance. Cutting out the add-ons and using a high deductible will save you $500 to $1000 per year.

Ask for all 12 discounts:  https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Why is a Target Retirement fund perfect for your graduate?

Easy to start and add money every year. There is no fear of buying the wrong securities. You can make contributions automatically. Over time this fund will earn more because the cost is very low—0.15%. If your grad earns money, even part-time, you can match it in an account that creates a nest egg that is completely tax-FREE. Even if they have to use some of it along the way, they won’t pay tax on the contributions. Even if the market does not grow every year, they have a good chance of amassing $500,000 over 30 years. Your money earns the stock market average of 10-12%. This account avoids all the contingencies of an employer’s 401k like high fees, poor performance, bankruptcy, or tracking abandoned plans--and solves the annual ‘pick a present’ problem.

Make your gift Tax-Free forever: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Is your advisor raising your fees and costs?

A growing number of investment advisors are successfully increasing client fees from 10 to 25 basis points, industry insiders say. “We have seen many clients increase their fees, in contrast to racing to be the lowest-cost wealth manager,” said Carolyn Armitage. “When you lower your prices, it can imply that you’re really not providing all the services you promised or that you’re not that good.” Charging us another 0.025% on our account may not seem like much but it can add anger to poor performance and over time can rob your nest egg of up to 25% of possible totals.

Pay less; keep more: https://www.amazon.com/Win-Investment-War-Earn-11/dp/1522916369

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Make America, “The Don” Great Again

The Path to Dictatorship

“I have absolute right to do what I want with the Justice Department”

“I could shoot someone on 5^th Ave and not lose voters.”

Trump Gestapo ICE troops break into house in front of kids

‘I’m the only one that matters’ Mob Boss Don, Nov 3, 2017

Loyalty to The Don above country. Treason? Above the Law?

Trump to refuse to answer special prosecutor’s questions: Above the law?

FBI finds answers in ‘The Don’s’ consigliere’s office/home/hotel

“I have nothing to do with his [Cohen] business”

except when I pay him to pay off sex partners

Trump thinks FBI subpoena on lawyer is “Attack on our country”

(Dictators often have delusion they themselves ARE their country)

Comey says Trump ignored intelligence community message ‘we are under attack.’

Treason definition: ‘giving them aid and comfort within the United States’

Putin’s influence: Manafort, Flynn, Gates, Page, Stone, Papadopoulos, Sater, Zwaan  jailed, Prince, Jr, Jared, Sessions, Cohen, etc 

Putin controls US power utilities and 21 state voting files, Trump slush fund, etc

Russian SS has ‘pee’ tape of Trump

Trump lied about time making ‘pee’ tape. “My head never hit a pillow” he admits.

“The election is going to be rigged—I’m going to be ‘honest’” 

GOP voter suppression a success: Dems lost because poor don’t have new ID.

Trump to end Free Press 1^st Amendment access since not positive to him

Could Trump postpone Nov 2018 election using excuse of Putin meddling needs fixing?

GOP controls 31 state houses

(Dictators in some countries start their régimes that way!)

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

All our votes are at risk of manipulation and Washington says “not my job” Paper ballot?

Russians who attacked our elections now after families of our military: Trump does zip.

Trump could stop opioid epidemic if it weren’t so profitable

Crime pays: IRS gives the rich a break for breaking the law—we lose house; go to jail.

2nd Fleet activated to “operate more powerfully in the Atlantic.” But they have missiles.

Trump to cut child health plan to pay for EPA jets & phone hut, HUD table, army parade

SCAMS:

Trump at NRA claims West doubled black supporters but no blacks at NRA meeting.

Schools ditch analog clocks for digital since students never learn analog: Big Ben digital?

Trump limits consumer protection law to favor business uses of our credit; we can’t sue.

Fake currency is "probably rat poison squared" says Buffett. Worthless gambling chips.

Fifth Third Securities caught exchanging bad annuities for good 77% of time. Mislead.

Paul W. Smith, WaynePA, caught stealing $2.35 million Ponzi gets 5 yrs

GOP ends auto loan protections so more minorities can be charged more interest.

Trump Defense censors reports Trump does not want us to read, just like king Putin!

Govt finally stop businesses from making people blind

Jobs:

NY Atty Gen: Schneiderman quits--4 women say he likes to beat women. ‘Role playing’

Trump’s fixer‘attorney’--Cohen caught as conduit for Putin-Trump money laundering.

Trump’s anti-Obama move costs Boeing jobs for 80 plane deal—part maker jobs too.

Who owns your account now?

This is how the enemy of America’s free elections scammed your Facebook account.

Hackers use Alexa, Siri to empty your bank and unlock your digital front door

Can we trust Ari Melber to explain the legal case against POTUS?

Miracle:

N. Korea releases 3 Americans held as prisoners as ‘proof that his diplomacy’ skills work

N. Korea all of sudden will give up its ‘big equalizer’ and open to inspections!

Grow a new ear on her arm for Army Pvt. Shamika Burrage

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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