How can you know how much to save for, and in, retirement?

 

How did you do in 2020?

Corporation heads increased their own pay 18.9% in 2020. The CEOs at the top 350 firms in the U.S. were paid $24.2 million on average. They laid off millions of workers to be able to pay themselves that much. Yes, demand for products fell but pay for the boss did not. The pay went up for them but down for employees. Since the 1970s employees have been cut out of productivity gains—we make more stuff for the same pay. When we compare our pay to theirs, CEO-to-worker compensation ratio was 21-to-1 in 1965. It peaked at 366-to-1 in 2000. In 2020 the ratio was 351-to-1. Some corporations took the money to keep employees working but gave them pink slips instead. Most corporate heads cashed in on socialist ideal: Federal Reserve using future taxes to buy their corporate bonds. When the government buys corporate bonds to prop them up during a shut down like the pandemic, we have full-blown socialism American style. Private corporations take the profits; we the public take on US debt that is paid off by our taxes.

Avoid the future tax increases: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

How the rich get richer

Pittsburgh Pirates shortstop card $6.6 million: no tax on the profits. Owners can buy and sell with no tax using another loophole in the wealthy Congress tax code. The power of rare assets that appreciate in value is not lost on those with money to burn. The 20% auction costs are deductible. The owner can be an entity that pays no taxes. Dealers may maintain inventory and thus can deduct their expenses and losses against gains. Wealthy investors can use the value to borrow funds and thus avoid any income tax for their lifestyles. With some assets appreciating 80-90% during this period, the wealthy need to keep their future money safe. Of course all these sales and trades are anonymous since secret empires are safer. IRS has no clue where the assets are—boat in Malta?

Hide your thousands from tax:  https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

How can you know how much to save for, and in, retirement?

Many folks tell me that they can’t save for retirement because they don’t know how much they will need in retirement. Of course, you can’t have too big a nest egg but then pre-retirees don’t save since the monthly amount seems too great to bear. Others worry about how much to spend down in retirement. They fear running out of money. These unknowns are very specific numbers to each person—there is no rule of thumb. Advisors have formulas but most people hate the thought of wasting money on a full-time financial advisor. There are ways to find the answers for yourself. With these estimates that give you an idea of how much to save and/or spend, you can correct your calculations as you go on. Each year you learn a little better what you face in terms of growing and spending your lifestyle fund. Better to know than not know in this time. The IRS has answers for you to consider since they control withdrawals from some of your tax-deferred funds. You do have some control but you have to know about the process to use them.

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

 

 

 

 

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

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

Our Jan 6 ‘Truth and Reconciliation Commission’

 

Gov: “several plots by domestic violent extremists”

 

How Govt wastes our money:

Biden sends 3,now5,000 troops to ‘guard’ civilians at Embassy: Vietnam never ended

GOP favors another 20 years in guerilla war: can Afghan forces ever stop guerillas?

5,-6,000 people; $6.5 Trillions lost in 20 year war: lessons from guerilla wars! 1775

Another 20 years?: Most Americans did not want to keep troops in Afghan/foreign zone

Trump’s Afghan pullout agreement: GOP now changed its mind or just anti-Biden?

 

Conservative Christians to install Kingdom in America led by Trump’s guerillas

 

82 families got special tax breaks from Trump in 2017 tax cuts: $ billions we must repay

$36 million taken by wealth advisors from small biz PPP program: “Fraud and Abuse” 

Wealthy biz owners change the label on their compensation to avoid taxes: costing us $$

 

SCAMS/SPINS:

Lobbyists trick SBA into giving $10 million to corp: small restaurant biz need not apply

 

GOP help kill their own followers in order to sustain the wealthy elites: 1,000 die/day

 

TX parent rips mask off teacher’s face: ideology not health drives war

No need for vaxx or drivers’ licenses or car insurance or gun license or medical license

 

FL Gov: “parents rather than gov should be making this decision” But FL bans masks! 

FL Gov kills 4 teachers: Broward Board voted to defy Gov. DeSantis’ order to ban masks

TX GOP Supremes ban masks in 2 counties as Covid cases rise 400%: death sentence

TX requested five mortuary trailers from the feds: 144 died Saturday: no masks/no vaxx

TX cruse ship sailed with 27 Covid positives: only now adding masks to crew

TX school makes masks part of dress code to comply with Gov “no masks” rule: brilliant

Catholic diocese won’t give followers Covid vaxx exemption: Vaxx mandate support 

 

NC marries a 49-year-old man and 17-year-old girl from KY: NC marries girls to men!

Boy Scouts bankrupt: pay vics for leaders abusing scouts: no leaders get jail; lawyers $$$

 

13 year old kills another 13 year old in defense of kid being bullied by shooter: guns kill

young girl kills 4-year-old girl after finding a loaded gun in a Chicago home: guns kill

7-year-old girl was killed while sitting in a car in Chicago

 

Tesla autopilot probe: sensors attracted to emergency vans’ flashing lights kill 1 injure 17

 

Marcus Boggs IL caught stole $3 million unauthorized transactions: prison 3 years

Fair Collections & Outsourcing caught giving credit bureaus bad info on borrowers

OxyContin maker Sackler caught in bankruptcy claiming nothing to do in opioid deaths

Hackers stole $94 million in virtual currency from Japan exchange: no ‘bits’ left

Insurers still charge for Covid tests despite Congress: loopholes provide profit incentives

 

Jobs

Nearly a third of U.S. workers under 40 considered changing careers because pandemic

Virginia Oliver, 101, is the oldest licensed lobsterer in Maine

No bus drivers to take the kids to school: many industries short of workers: more pay?

MetLife min wage raised to $20: customer-service and operations roles

 

Who owns your account now?

Covid booster in the Fall for all

Survivor SS benefits do NOT continue automatically: call SS for help

How advisors keep your assets after they pass to your adult children: fun stuff

 

Miracles:

New York City grew by 629,000 since 2010: 8.8 million; Phoenix grew faster to 1.6 mill

Last seven Julys, from 2015 to 2021, have been the hottest seven Julys on record.

Water conservation for Southwest: Lake Mead lowest since 1930s.

 

Biden blamed for Trump Afghan withdrawal agreement of 2020: US gave up years ago

Disabled students get their loans cancelled: 323,000 students get fresh start

Dorothy Oliver got her whole town vaccinated by being a neighbor: trust is key

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

 

Need a graduation gift?

Need a graduation gift?

The greatest gift you can give is financial knowledge. No matter how much your young graduate makes, it is up to YOU to show them the Buffett investment strategy. Make sure they can make and manage money. At my first job, I had no clue which investment to use for my 401k contributions and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities’ licenses. If I had followed their advice I would have ended up with about $150,000 instead of a Wealth Reserve of $877,233 about 33 years later.

YOUR choice: https://www.amazon.com/Give-child-leg-up/dp/1096505355

Stock-picking hedge funds are throwing in the towel

With Warren Buffett’s win of a simple strategy over 5 hedge funds, some high-cost managers are giving up. Buffett put a $1 million in the simple Vanguard 500 index in 2008. The five funds of hedge funds Protege picked were up roughly 19.6% compared with the 63.5% for the top 500 index. Lackluster returns and lofty fees charged by hedge funds have prompted investors to head for the exits, and they withdrew $15 billion in the first quarter, according to eVestment data, in a fourth straight quarter of redemptions. Most Wall Street firms are dropping fees in an attempt to maintain their failed business model. John Bogle made it clear: costs matter. Over a 50-year investing lifetime, that little 2% fee will erode 63% of what you would have had. Do the math: if your money earns 10% and you pay 2%, your $3,000 a year retirement contribution will be worth only $2 million; NOT $4.3 million.

https://www.amazon.com/Warren-Buffetts-Investment-Secret-Steeple/dp/1484189809

Do we have too many options?

Amazon carries an almost infinite variety of stuff. Big box stores are forced to carry more choices and most of us can’t cope. Contemporary internet shopping conjures a perfect storm of choice anxiety. Research has consistently held that people who are presented with a few options make better, easier decisions than those presented with many. This is why we see DISRUPTORS in the consumer commodity space: Casper (mattresses), Glossier (makeup), Away (suitcases), and many others have sprouted up to offer consumers freedom from choice: These firms are selling a confidence in those things, and an ability to opt out of the stuff rat race. This is especially true for financial products. If there are only 10,000 stocks, how come there are 9,356 mutual funds, and 5,024 ETFs. (Less than 1% get HALF of all the money) But which of the 25,000 options should you put your money into? Investors are flocking to Vanguard to pay less; earn more.

Follow the money: https://www.amazon.com/Disruptors-Three-Innovators-increase-WEALTH/dp/1720857563

Trump’s Socialism: like Putin he picks the firms he likes

Nike, Adidas and 173 shoe firms claim Trump tariffs are killing their business. Tariffs are a tax paid by the importer: ultimately, the consumer, Trump’s economist confessed. Shoes already pay duty so tariffs are double tax industry. Apple watches, flat screen TVs and high chairs all got waivers during the last round of tariffs. 47,000 requests have been submitted on steel and aluminum tariffs. American steelmakers have successfully blocked thousands of waiver applications, with more than half the objections coming from just a handful of big steel producers. So U.S. Steel, Nucor and AK Steel have effectively become an oligopoly. They can control prices since everyone, but them, must pay the tariff tax. The farm welfare goes mainly to the large agribusinesses so they become larger and buy up small family farms. We pay for the Export-They can’t compete on price. Using the 2017 Opportunity Zones tax break, the wealthy can reduce their gains’ taxes to 0%. We can’t do that. We pay for their tax breaks as group, ‘socially.’ 

Trump’s Socialism: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584

Despite DEM talk, wealth gap will become larger

The rich benefit from a rising stock market. They have doubled their wealth since 2012 just by letting their money alone. The richest people have increased their share of stock ownership over the last 30 years. 1% of households now own 50% of all household equities, up from 39% in the late 1980s. Just over half of Americans own stocks. Two-thirds of Americans do not even participate in or have access to a 401(k) plan, according to the U.S. Census Bureau. Working people, whose income has remained the same since the 1970s (inflation-adjusted), can’t afford to save and invest. Trump promised his tax cut was for workers, but corporations are giving it to stockholders. Even with everyone in the household working when they can, the cost of living does not allow for a savings/ investing plan. Most do not know about the Miracle of Compounding and a tax-free account. These strategies could help most people have enough in retirement.

Use these tools to assure your retirement: https://www.amazon.com/Your-Wealth-Reserve-Save-year/dp/107028288X

Why your broker/advisor called the market move wrong

When the markets took a break from historic long bull at the end of 2018, many so called ‘professionals’ sent their money to fixed vehicles. Of course, then the bulls continued to run despite the various ‘signals’ sent from Washington. We don’t ever learn: none of these people can predict the future—they’re salespeople. That was my first lesson at my brokerage firm in 1987. So you missed another 12% gain. So what if the market swings wildly from day to day. If you can’t stand it then don’t—spread your money around—don’t follow their advice. You know down deep that they are not going to be right most of the time. Accept the returns of a diversified portfolio knowing that every sector has its day in the sun. Pick a balanced fund like Wellesley Income and just hold it for 9.69% since 1970 or buy BRK for 20%. Boring, yes; but profitably steady.

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

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

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

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

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

Will voters who need ObamaCare vote for it?

Can a mob boss snub Congress’ subpoena?

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

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

Govt filed 2,000 actions against opioid makers that created epidemic 47,600 deaths 2017.

Trump: lower medical costs by disclosure of secret pricing. Med industry pays CEO more

Trump against America’s wishes, gives weapons for oil to dictator to kill its neighbors.

Trump adds new tax on stuff we buy from Mexico: tariff is tax we pay—cars, foods

GOP wants citizenship in Census (count ‘persons’ not citizens) to mislead us.

GOP will NOT secure and protect 2020 election: Putin will decide next US prez.

How building manager can bring peace to most contested property in world.

Deregulation gone amuck: TX cancels plumber regs, license and test so all die from gas.

SCAMS/SPINS:

Trump OK with Kim’s missiles and name-calling US political candidate: Dictators agree.

GOP voter fraud game shown to be just a propaganda trick to help TX GOP win.

How much is death by intentional opioid poisoning worth in OK?

Wealthy could buy Hollywood high school diplomas too: $280

Credit score: MN or MS—713 or 652—which state are you in financially?

Prevagen is fake--real exercises to keep yourself sharp for life: Why Jellyfish?

BayerMonsanto caught manipulating science, EPA and media: $2 billion cancer

Annuity lobbyists caught hiding windfall deal inside retirement bill to delay RMD.

Employers have new way to stop pension growing even when you keep working.

Michael Bastardi caught ignoring requests about fraud forgery: barred

Stephen Anderson NC caught overcharging clients: fine no jail  

James Daly Michael O’Keeffe, MA caught losing $10 million on oil & gas for all clients

Never wire money without calling receiver to confirm: mortgage escrow scam.

Never refi mortgage without shopping rates/fees/charges: lender churning scam.

Never take default help without shopping rates/fees/charges: fake govt help scam.

Never pay pre-rental fee without confirming agent authority: fake rental deposit.

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

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

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

"Charging the President with a crime was therefore not an option we could consider."

Jobs:

10 best entry-level with a bright future: engineers and nurse assistant in demand.

Supreme Court: employers can use forced arbitration clauses that strip workers of rights. 

Dick’s Sporting not hurt by banning AR rifle sales last year.

20 Fastest-growing jobs: pay is low for some; college required for some; solar & wind.

Who owns your account now?

I chose scuba diving old wreck over Everest climb this week end. I hate crowds.

Congress to change retirement account rules: fixing old laws

Fed employees soon to have other Thrift Plan options to take retirement money

Miracle:

Home Depot the helpful place: builds a walker when insurance can’t.

Alex Trebek's pancreatic-cancer tumors shrinking at 'mind-boggling' pace. Prayers!

8 spellers tie after Spelling Bee ran out of words: $50,000 each! WOW first time!

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

How is your 401k?

How is your 401k?

Fidelity published the average balance by age. Each of us is at different financial stages so averages don’t mean much. Most of us have SS benefits to add to our total. The average benefit today is $1,342 a month which will increase by a COLA if Congress passes an increase each year. The average monthly income that could be produced from the balance for a 65 year old ($200,000) is about $700 a month in today’s purchasing power. Unless we plan on receiving a pension of sorts or working longer, $2,000 a month from each spouse may not be enough. Plus, we all know that you can never have too much. We need to consider how we can improve our situation with tax-FREE savings. This parking lot attendant did it by following his Mom’s advice.

Now we can create tax-FREE income: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Why are wages the same as in 1985?

Inflation over the last 40 years has left most of us with the same Buying Power as of 1985 down from 1968. What happened? Automation and technology have left many jobs on the ‘shop floor.’ In 1985, as manager of about 40 people, I oversaw the computerization project of our entire process. My 4 assistants could make decisions immediately from weekly reports that told us what was happening (and wasn’t). Within 10 years, every change or entry made by now 20 staff since those in the field entered data once on a network computer and not reentered by my office staff. In my next job, I got the suppliers of our products to make the data entry. They streamlined the process so there were no more paper copies of customer contracts to be signed or filed. In my next job, most of the data entry was by the customer and by scanning bar codes. I no longer had a receptionist/secretary. I could run meetings and consult with direct reports by phone anytime day (or night, in a pinch). Meanwhile, my salary and bonus were doubled and my boss’ quadrupled. Today CEOs have compensation 500 times that of line workers—up 1,279%. The value we created per person using machines provided gains for senior execs and stockholders. Buying Power wages have not changed. We work 2 jobs.

I use an IRS-OK tax-shelter to keep more: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

Can we afford NOT to have Medicare for All?

The rate of bankruptcy has increased 204% since 1991 often because of health care costs. This 87 year old is going to be in the truck next to you in order to pay his wife’s medical bills. Is this what we want to do in retirement? There is enough money in America to pay for health care! It’s just sitting in the accounts of the top 10% fellow Americans trying to pay as little tax as possible. For instance, some of the Billionaires are paying only 17% total tax—about HALF the amount of the middle-class worker. Mitt Romney and John Kerry paid less than 15%. Most of the highest net worth Americans are paying a fortune to lawyers to reduce the amount they pay every year—using legal and illegal means. The IRS just gave the wealthy with money overseas a discount on their taxes if they declare with the Offshore Voluntary Disclosure Program. Trump and the GOP have proposed letting the wealthy delay paying the RMD tax. They allowed “junk” insurance to be sold which is cheap because it does not cover all expenses. The GOP continues to pay socialized supports to the oil gas agriculture and mining industries. So America can afford it if we chose: https://www.amazon.com/Americas-Socialism-for-Rich-only-little-people-pay/dp/1535218584

How can you avoid SCAMS in financial services?

Wall Street is a ‘war’ zone! We must enter this war zone with the protection of knowledge. We could lose all our lifelong savings in one trade. Brokers and advisors have weapons that can 'kill' us financially. They are hidden behind lies, exaggerations, obfuscations and straight-out fraud like faking our signature. Half-truths and our assumptions and greed are also at play. These are our 'soft' underbelly targets. There are warning signs but most SCAM situations require us to be knowledgeable and to check every move. My first day as a manager at a security firm I was told: ‘brokers are [car] salesman.’ Our future life is at stake and yet we give strangers our money so easily.

Take Buffett’s advice: https://www.amazon.com/Avoid-Scams-Brokers-Advisors-Sender-ebook/dp/B07GZ1WSP1/

Wealthy take a dive into CLO again: mortgage loan disaster taught us nothing!

The superrich pouring $ millions into collateralized loan obligation. CLOs means possible bank failure again. They are after the possible double-digit returns. But dissenters have raised questions about whether the frenetic pace of sales is spurring reckless behavior just as the prospect of an economic downturn looms over an increasingly leveraged corporate America. Yes, history could repeat itself when you transform riskier company loans into bonds of varying risk and reward and then promote them with “every smart rich person owns them.” One promoter says “you only have issues if … you have losses.” Yes! These sub-investment-grade rating loans are mixed with equity so they may pay better if you wait. Returns on CLO equity can range from 12% to a remarkable 20%, standing out in credit markets where corporate bonds have delivered little or negative returns this year. Banks think they understand the risks just like last time. Remember we taxpayers had to bail them out—even foreign banks—and that makes bankers ‘adventure’ capitalists for FEES.

Protect your investments in a tax-FREE trust: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

We are paying an extra $14 billion a year in broker fees thanks to Trump

New report compares the fees we pay under Obama’s vs Trump’s fiduciary rules. The report examines the stock prices of 36 publicly traded brokerage, mutual fund and life insurance companies, finding they lost a total $14 billion in value as a direct result of the Obama fiduciary rule. It mandated that sellers offer the ‘best’ product to retirement account clients. “The profitability and value of investment firms is reduced by the inability to collect conflict-of-interest fees." In other words, firms did not receive $14 B in fees from us on our money during the Obama period. Obama saved us about $17 billions a year. This was mainly annuity commissions which are definitely NOT products in your BEST interest but in the firm’s best interest. Firms have plenty of costs that must be passed on to us one way or another. 

Avoid their fees: https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

Will you owe tax penalty in 2019?

Trump’s new law is effective in 2018. If your property tax or state income tax is over $10,000, you are going to owe more because you can’t deduct these taxes anymore. If you are used to deducting employee expenses and 9 others, you may also owe. The IRS notice 182 says you may have a penalty if you owe more than $1,000 next April. Individuals, including sole proprietors, partners and S corporation shareholders, may need to pay quarterly installments of estimated tax unless you owe less than $1,000 when you file your tax return or you had no tax liability in the prior year. Other taxpayers who may need to make estimated payments include someone who:

• has more than one job but doesn’t have each employer withhold taxes.
• is self-employed.
• is an independent contractor.
• is a representative of a direct-sales or in-home-sales company.
• participates in sharing economy activities where they are not working as employees.

Make estimated payment by Sept 17 with Form 1040-ES page 11.

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

Insurers want to put annuities into 401k for more fees

Pro: They argue that annuities are the “only savings vehicle that carry a guaranteed, contracted, lifetime income stream, outside of Social Security and pension benefits.” Con: 401k accounts already delay taxes on the gains. Annuities costs are high compared to the alternative—IRA which also delays taxes. The IRS already mandates a lifetime income stream. It is called an RMD calculated by your IRA trustee who doesn’t charge for this service. IRAs are protected from creditors like annuities. The guaranteed benefit misses the point of having income for life. The income is usually cut in half because of inflation. You may begin with $1,000 a month at age 65 but it will buy HALF the goods you need by age 85. 401k accounts are run by your employer meeting certain fiduciary standards. Annuities are not. To guarantee a lifetime income stream is a process best left to an experienced planner over time so you can make adjustments to your investment mix as needed. Annuities protect insurers not you.

Don’t give up 3% annuity fees: https://www.amazon.com/NO-Cost-Annuity-Years-Income/dp/1508487308

Where is your increased income?

Census says: Middle-class income rose to the highest recorded levels in 2017 and the national poverty rate declined as the benefits of the strong economy lifted the fortunes of more Americans. The median U.S. household earned $61,372 last year, meaning half of the families in the country brought in more income than this and half earned less. But the nerds say median income last year was not statistically different from 1999 or 2007. A change in methodology in 2013 makes precise comparisons difficult. All the income figures have been adjusted for inflation and are reported in 2017 dollars. Here is the rub: “The extra pay from having another person in the home working is the largest factor contributing to the increase in income.” Our wages did not go up! We are just working more hours. Americans living in official poverty stayed at over 12%. Remember, earned income is the Gross number not cash in pocket. Our health care costs went up. Fewer people can afford a house or rent because property costs have ballooned. Young people with school loans went back home since they can’t afford the basics of family life. And the worst is yet to come: Who will pay for the $1.3 Trillion deficit this year? Not the wealthy! Most of the tax breaks mean they will pay less in the future: $21.3 Trillion.

Avoid their taxes legally: https://www.amazon.com/Pay-No-Taxes-in-Retirement-legally/dp/1507527977

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

Make America, “The Don”, Great Again

Senile Psychosis

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

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

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

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

Trump keeps 177,000 troupes in Syria, Afganistan, Korea, Germany, etc etc. $700+ B.

Trump follows Putin lead to raise retirement age—‘Save’ SS by cutting benefits-old song

Trump EPA to allow more methane to heat up the atmosphere for more hurricanes/floods.

Trump subpoenas every NC voters’ records--20 million to stop votes for Dems. NC: NO!

GOP still not reform flood insurance: Florence hits east coast. Trump to help whites more

SCAMS/SPINS:

Don’t fall asleep in class: Student got tasered for falling asleep in class in Smithville OH

Drug companies say hospitals jack up prices of drugs in hospital 500%. Hospitals say …

Paltrow ordered to stop making false claims for her Goop stuff.

GM recalling 1 million trucks/SUV for power steering faults.

MyPillow told to stop making false claims for his stuff. Fine $1 million; still false claims.

Neurolumen sued for false claim on PTSD, MS, fibromyalgia pain.

Stream’s deceptive marketing of business opportunities attacked as false.

Doctors give out opioids like candy— no diagnosis no reason—except drug firm money!

How is 2,975 dead in Puerto Rico an "incredible unsung success"? Trump takes $10 mil.

SII caught failing to supervise sales of high fee illiquid real estate investment trusts. 

Barry Honig & others caught in microcap “pump-and-dump” schemes taking $27 million

Edward Daniel lost license after 41 years: unsuitable investments 2011 and 2015.

BB&T caught hiding wrap fees--overcharging clients $635,535; not disclosing conflicts

Cadaret Grant Co caught selling leveraged oil-linked exchange traded note & annuities

Luke Eddy MA caught impersonating client and forging her signature.

Market timing is back in vogue: Stock sellers like August trading for a change.

Emil Botvinnik Jovannie Aquino caught trading $3.6 mil client loss --$4.6 mil fees.

Citi caught overcharging retirement plan and charitable organization customers.

Timothy Ayre MA caught selling HempCoin an unregistered cryptocurrency security.

GPB Capital Holdings illiquid private placements investigation by MA: 4,000 at risk.

FUTURE INCOME PAYMENTS sued for claim “not a loan” when are loans hi interest

Jeffery J Kelly caught failure give docs re: unethical behavior so barred from industry

Insulin prices doubled to pay for CEOs $ millions pay packet

Health care scams double: low-cost Trump plans offered—premiums buy no coverage.

SS scam: fake SS official asks for info or tells you to send gift card to reopen account

TX cop kills neighbor in home—I thought I was home. Door Keys? Wrong Floor?

When we all have guns for ‘protection,’ who will police shoot first? Safe in your home?

               police shoot owner who already shot intruder. Kids will have plastic killer guns?

Jobs:

Prepare for a good job: 25 jobs trending to $100,000 plus

Health care hires thousands per week as more in Medicare plus new procedures

Work at home scam or real gig? 10 jobs to try for experience and money.

Ford cancels production move from China to US: no profits on Focus built here.

Poll: 2/3 people think automation will eliminate jobs for ordinary folks soon.  

How many more decorated national security officials alienated by Trump?

Who owns your account now?

Ohio National stops selling annuities: "It's a declining market," expert says.

Home or Rent: A challenge and the duplex solution.

Retirement accounts target of cyber crime: protect your account.

ACA in WV provided health account for 189,000 uninsured: don’t know its ObamaCare

Miracle:

Ruby slippers located in FBI sting: $1 million insurance finder’s fee.

Uninsured for health falls again from 48.6 million to 28.3 million Americans

IAN

41 Watchung Plaza, B242

Montclair ,  NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Pay less; keep more--faster way to wealth

Buy only what you need; become financially ‘comfortable’ faster

$1,100,000. This is the amount of money most of us say it takes to be "financially comfortable," according to a recent survey. However, only a few of us ever get there. Why? The main reason most of us are not 'comfortable' is that we don't plan to have a million dollars ... ever. Most of us settle for a 'fantasy' $ million—playing the lottery every week. A $1 million is not hard to reach with a plan and TIME.

         Now we can create wealth for our family— $1,100,000 and more—by using new wealth-building tools from industry DISRUPTORS. We don't need expensive brokers, advisors or agents to buy the essentials of an efficient financial plan. We don't need a lot of money to start building wealth. All we need is TIME and a plan. Pay less; keep more.

Use the Buffett strategy for wealth: https://www.amazon.com/Buy-only-what-you-need/dp/1720321531

Other ways the wealthy avoid paying their fair share of taxes

The tax code was written by lawyers and accountants for lawyers and accountants, NOT for us. Here are some of the ways WE do not get to hide our income and assets from taxation. Preferred stock and trusts can create dynasties and avoid current and estate taxes. The Caymans are home to more tax shelters than people. You can’t eat stock options but you can hold them without taxes. Are your assets owned by a company that only exists on paper to avoid taxes? Do you live on money borrowed against your assets? Are your living expenses deductible by your own branded corporation so you pay less tax? What about private placement life insurance to hold hedge funds and avoid taxes. Or set up a non-profit ‘religious’ organization and fly in your own private jet?

Isn’t it time you paid what they pay: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Is a lottery win right for you?

Yes many dream but few are chosen. Most of our bets go to the government but are not tax-deductible. How about this: Mr Post won $15 million in PA. But he would be $500,000 in debt within just three months of his 1988 win, in part because he bought a twin-engine airplane (though he had no pilot’s license). OK, so we all think we would never do anything so stupid. We are not average, we thought. Ms Adams won the lottery TWICE for over $4 mil. She lost most in casinos and her kin hated her. Now she works 2 jobs making ends meet. Mr Whittacker won $170 million in 2002. He gave a lot away but lost his wife to divorce and his granddaughter to mysterious circumstances. He drank and ended up with 400 legal problems. The list goes on. Becoming wealthy slowly over time allows you to plan and use money wisely. Instead of buying lottery tickets or casino chips each month, put your money in the investment Warren Buffett recommends.

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

What to do with your RMD: How much will you spend?

Your RMD or required minimum distribution is the amount the IRS calculates for income tax purposes from your retirement accounts annually after your turn age 70½. You may want to invest part of it for the future or cut the amount in your IRA that you will pay tax on in coming years or contribute to legitimate charities. I help you answer these questions now: Will you have enough? How will you invest? How much will you spend? Explore 17 alternative uses of your RMD. Create tax-FREE income from your IRA while reducing future RMD. Take advantage of the miracle of compounding: $100,000 may become $500,000 in 15 years. Create an investment plan for 30+ retirement years. Self-insure and self-fund all your financial needs. Social Security to cut benefits in 2034 so you may need more income later. You have time to do something about the future.

The chickens have come home to roost: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

SCAMS: Beware the ‘pump and dump’ scheme

Customers of Greg Bercowy, St. Petersburg, FL were victims of his story of a tiny mineral exploration firm in NV. Greg bought millions of shares of Aureus with money taken from a relative. This sent the shares soaring in 1 month and induced others to buy while Greg sold. He pumped the price up by fast buying and selling and left others with stock worth much less than they paid. The SEC fined Greg $1/2 million. The pump and dump scheme formed the central theme of two popular movies, "Boiler Room" and "The Wolf of Wall Street," both of which featured a warehouse full of telemarketing stockbrokers pitching penny stocks. In each case, the brokerage firm was a market maker and held a large volume of stock in companies with highly questionable prospects. Brokers earned large bonuses when the firm would sell the worthless stock after its investors poured money into it.
Avoid unknown low-priced stocks: https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

How much are you losing by NOT following Buffett’s advice?

Warren Buffett bet a million dollars that a low-cost index fund would outperform a collection of hedge funds over the course of 10 years. This week he won that bet and gave $2.2 million to his charity called Girls Inc. Over the course of the bet the S&P 500 index fund returned 7.1% compounded annually, significantly more than the average of 2.2% for the experts. Buffett has advocated putting the bulk of our investments in a low-cost index (he said Vanguard’s 500 index). For those who follow his advice, this bet confirmed his statement that “a very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money.” Why don’t more smart people follow this advice? He thinks it is because they think they are smarter than everyone else. Instead, low-cost beats high-cost every time studies show.

Double your money every 8-10 years: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

How much is $250 a month worth after 30 years?

One of the reasons people don’t save is that the quick results are not impressive. I look at my balance after 2-3 years and I don’t feel rich. My account looks pathetic--$9,272. My investment account looks better but … $10,923 is just underwhelming. But Fidelity looked at its retirement accounts where the owner died or the owner forgot they had an account. Those accounts were the most successful. Buffett says the same: he does better when he is ‘snoring’ than when active. After 30 years, my $2,000 a year invested at work—different 401ks is worth $606,882. Stock index funds grow at very different rates—+38% and -37%. They average over time between 10-12%. The financial industry average was 3.79% for advisor-managed accounts for 30 years. If I had used a broker I might have just $112,000. Buffett bet $1 million that a simple stock index could beat the best of Wall Street gurus. He was correct: 7% beats 2% during this 10 year period. So what is $250 a month worth after 30 years? No one knows—between $570,000 and $880,000—but if the earnings from my money has to pay 1-3% for a fortune teller, I will gladly follow Buffett’s FREE advice to buy 2 Vanguard’s funds.

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

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

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’s Gestapo ICE troops break into house in front of kids

Immigrants not human, but "animals" Hitler/Stalin agree.

Trump takes children away from the “animals”

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

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

Trump did not invent the ‘big lie’ but he learned it well from an expert.

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

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

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

[except when I pay him to pay off sex partners who could leak]

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

Trump thinks the govt is ‘conspiring against him.’

Trump: I decide which crimes are minor fines; lets criminals go.

(Dictators often have delusion they are being attacked by insiders)

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

Trump gives Putin control of election: eliminates U.S. cyber advisor

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, Yohai, Freidman (program guide to the actors)

Fake ‘Witch Hunt’ produced 5 guilty; 17 indictments.

Putin controls power utilities, 21 state voting files, Trump slush fund, networks

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 --GOP poll workers moved voters’ districts

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!)

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

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

Congress: members must pay for their own sex scandals?; no more taxes for them

Trump steering Medicare patients to HMO Advantage plans to limit services

Trump changes rules on banks’ risky trading with our money

Trump: We’re going to have great healthcare. … inexpensive, but really good healthcare.

NH spent $ thousands on Trump’s voter fraud claim and found nothing.

Trump tariffs cost his voters more for cars, appliances; farmers lose sales to allies

SCAMS/SPINS:

Fiat Chrysler recalls 5.3 million vehicles that lock cruise control! Hacked computers?

Uber driver-less car programmed to NOT stop for pedestrian—Beware crosswalks

Echo Amazon NSA CIA etc are listening to your every word; hacking locks and lights?

Trump pardons criminals highlighted on Fox; crimes Trump knows; signal to Manafort.

Prosecution of white collar crime down 40% under Trump’s mob

GregoryBercowy, St. Petersburg, FL caught in pump & dump penny stocks scheme.

Fifth Third Securities caught misleading customers exchanging annuities for $2 million

Dean Mustaphalli, NY, caught losing $5 million of elderly savings in hedge trades.

Steven Pagartanis, NY, caught stealing $8 million for fake land develop Canada.

Michael MacCaull, NY, caught stealing $66 million Ponzi Razor FX fake trades.

Jobs:

Trump cracking heads of union members in gov. Orders meant to demean workers.

Apprenticeships may offer immediate pay and long career with good pay

CA court: you can refuse service to people you don’t like by using religious cover.

            But you can’t kneel at game using 1^st Amend right to protest racial killings.

Jobs that no one wants—this is why automation is cutting jobs every year.

Trump tariffs kills 40,000 auto jobs; farmers lose foreign markets

Trump saves ZTE jobs in China despite ZTE trading with Iran & N.Korea against US.

Ivanka’s brand business given 13 Chinese trademarks in return. U.S. loses in both deals.

Walmart to pay for college degree in biz at 3 colleges

Who owns your account now?

Property tax deductions over $10,000 using charity accounts in 33 states

New tech ‘auto-locate’ helps you find your old 401k and moves it to your new account.

Monsanto to Bayer AG

Bare Foods to PepsiCo

See our glorious parks before Trump converts them to coal, oil, gas and metal mines

Due diligence on annuity companies—not doing well?  

Broker/advisor don’t pay your arbitration award when you win 1/3 of the time: Law

529 college savings plans ranked by direct and broker-sold over 3, 5, 10 years.

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

Miracle:

Second 1,000-year rainstorm in two years engulfed Ellicott City MD. Why?

Hero at middle school: 23 school shootings (dead or injured).

FoxNews: Trump is wrong about ‘spy’ in election—Trump himself asked for FBI tail!

IAN

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