Why starting investing early earns 10 times contributions

Why starting investing early earns 10 times contributions

$250 a month, $3,000 a year, gives you $995,000 in 33 years, IF you invest in a low-cost stock index fund in your 401k or Tax-FREE account. $3,000 for 33 years is $99,000. If you keep adding your stock dividends automatically and don’t stop compounding in the same fund, even when it goes down on paper, you end up with about $1,000,000. You don’t do anything else with your money. If you start late, add more each month. This investment strategy is recommended by Warren Buffett, one of the greatest unbiased non-commission advisors in history. You don’t manage it or let anyone else touch it. They will take your earnings and you are left with 3.79% not 11%. A fee and commissions can take up to 63% of your accumulation over time. You alone earn about 11% over time—not every year. Some years you earn 30% and some you lose 30%. However if you invest like Buffett—no selling or trading—you average 11%. This is not a buy and sell, ‘sector rotation’, or ‘buy on dips’ strategy. It is the “snoring” strategy. Let compounding work.

Use the snoring strategy: https://www.amazon.com/Warren-Buffett-Millionaire-money-snoring/dp/1508887381

Tax return due July 15: Extension automatic with form

If you could not meet with your preparer and can’t complete the online tax return using one of the FREE software programs, you can obtain an extension to October 15 just by filing a form with an estimate of what you owe. IRS wants the money—the return can wait—since they have 3 years to find any errors. Fill and print and pay form:  https://www.irs.gov/pub/irs-pdf/f4868.pdf

If you cannot pay now, sign a payment plan so you pay over time. Since millions are out of work, this is expected to be big solution. It is unclear what your interest rate will be.

Pay no taxes in retirement: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

401k company match suspended?

If you are one of 12 million workers who have had your future retirement fund reduced because your firm has cut their 401k company match, you can still reach your goal. Your tax-advantaged plan must be modified, at least temporarily. If your current income allows it, you can continue to grow your retirement fund by starting a tax-deductible or tax-FREE IRA account. With a regular IRA, you do not pay income tax on your contributions now. With a Roth IRA, you pay income tax at today’s lower rates so you receive tax-FREE income in retirement. Most advisors think tax rates will be higher in the future so you will be able to pay less tax on your IRA distributions. Depending on how much your Roth IRA fund grows, you may be able to reduce your taxable income significantly so that your Social Security benefits are less or not taxable also.

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

Deducting your work-at-home expenses is difficult

Trump eliminated the deduction for unreimbursed business expenses and home office in 2017. The previous tax law allowed the federal write-offs for unreimbursed business expenses and home offices, along with most other miscellaneous itemized deductions. So if you had to upgrade your laptops, ergonomic chairs and high-speed internet, you might want to check with your employer. The federal tax code lets employers reimburse employees for costs that are reasonable and necessary for them to do their jobs amid a disaster, and the Internal Revenue Service has said the pandemic qualifies. Self-employed folks take these and other expenses as a reduction in revenue before income is taxed. That is how our President gets to boast that he pays NO income taxes.

America has officially become a socialist country: socialism for the rich

In March 2020, our Federal Reserve, the US central bank which creates money gave its Power of Attorney to mutual fund firm Black Rock to buy stocks and bonds with our money. Like Russia, our government will now own businesses that may fail. It has already purchased the debt of US companies in trouble or on the verge of failure. This makes it likely that business people will have no reason to act prudently with their (our) business assets and senior staff salaries. Like the investment banks in 2007-8, they know that they are “too big to fail.” They know that we taxpayers will keep them afloat even if they are not good business or money managers. This has happened recently when the Fed started buying bonds—debt of certain companies that had made poor decisions. I know, most taxpayers still think America is a capitalist country. We were founded on the idea that if a business failed, it would NOT be kept afloat by the government—the investors who own the company would lose their money, not us. Now the GOP-backed Trump regime is doing just what Putin does—using the people’s money to help out businesses owned by Putin and friends. If the stocks and bonds owned by the Fed fall in value or are worthless in the future, we taxpayers will still have to pay the interest on the money borrowed to buy them. The Fed is America’s investment bank account. 

Avoid taxes to float bad business: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584

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

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

Mobster plans to void 2020 election

Mobster PR firm: “the coolest president ever.”

 Mobster frees felon before prison 

Mobster must give NY all tax returns: not above law

But not before election

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy! 

National Garden: statues of “Billy Graham?, Antonin Scalia?, Joshua Chamberlain”? Christopher Columbus, Junipero Serra, Marquis de La Fayette, not Americans

Without taking action, Congress takes 2 week vacation from US: Prez happy talk

Trump donors got $273 million of virus federal aid meant for small biz

Congress people take virus federal aid meant for small biz too: double dipping

Wealthy investment firms took virus federal aid meant for small biz too

GPB Capital alleged Ponzi firm took $million in virus fed aid after poor management losses

Trump press secretary parents took $1 million virus federal aid meant for small biz

Trump Friends and Family Cleared Millions in Small Business Bailout

Wealthy entertainers took virus federal aid meant for small biz

Catholic church took $1.4 BILLIONS virus federal aid meant for biz: church not biz taxfree

Trump force schools to open with virus: political strategy for election: cut funding

Follow virus aid guidance from the Small Business Administration and the Treasury.

SCAMS/SPINS:

"National Garden of American Heroes," "statues of greatest Americans to ever live."

“opponents of national socialism or international socialism”? Trump inducts self as hero

Terrorists with assault weapons converge on Gettysburg believing another conspiracy hoax: fake

Gun Sales are Off the Chart: racist GOP raising fear levels; virus chaos; racial protests

My Loan Doctor caught deceptive acts or practices: took $15 million from 400 CD buyers falsely 

Timemark solutions charged illegal advance fees: loan terms change in federal student-loan debt

Quest Diagnostics 401k caught excessive fees on Fidelity actively managed target-date funds.

Law firms for the wealthy take $13 billions of virus money meant for small biz.

nine brands sanitizer to avoid because they contain methanol: FDA says dangerous.

All Clean sanitizer recalled: methanol is dangerous

New Balance cat food recall

Android apps that steal your personal data: Google can’t keep up with bad actors

Trump niece stunning book sales: he had a hard life growing up and that is all he knows

Payday lenders no long determine if borrowers can repay with interest: Trump donors win

Eviction threat rises as virus threatens reopening jobs: Check your rights; note intimidation.

Our credit history ruined by mortgage servicers: gave fake virus payment extensions April May

Jobs

Ohio is extending unemployment benefits another 20 weeks

at-home coronavirus testing kit approved Ohio Kroger workers are first to get it.

Employers can discriminate on women all they want: Supremes: no birth control equality.

Money managers losing the rich: outsized fees--1% assets no matter how manager does

Who owns your account now?

Appliance Brand Reliability Rankings: Miele, LG leaders in most models

State Farm cuts auto insurance rate in LA by 10%: starts August

Mortgage pre-approval required by some home sellers: saves virus exposures

Miracle:

"Walk With Shawn" 300 neighbors show up so Black man can walk without being shot by whites

Artic meltdown: no one “expected the changes to happen as fast as we are seeing them happen.”

1 in 3 dog owners would choose their pet over their partner Amazing

30 Czech volunteers make functional ventilators in days from common materials we paid $59,000

Supremes invalidate electoral college: electors can NOT pick Trump over real voters as in 2016.

Supremes give HALF of OK back to the original owners: Muscogee Nation gets back rent?

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

How quickly can your account rebound from this correction?

How quickly can your account rebound from this correction?

Depending on how much of your portfolio (401k, 403b, brokerage, IRA, Roth IRA, etc) is in stock assets, you could be down 7% or more. A 500 Index fund is still up 8% over a full year while the Vanguard Wellesley Income fund (60% bonds) is up over 9% over 1 year. Your broad diversified asset account may take less than 6 months to get back on track. This is exactly why you invest in different types of assets. You don’t suffer big losses or big gains from any one shock. Over time, stocks produce better returns than bonds or cash or gold or e-bits. If you consider stock investing as gambling, you may have to wait a long time to hit another jackpot. If you consider stocks the safest investment you can make over time, you won’t have to do a thing. If you played your last chip in February, you must now double your bet to get back even. If your stock fund represents your ownership of many businesses, most will keep working through any panic. Buffett: I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Set-Forget/dp/1484822900

How can you determine how much your advisor gets paid?

Since there is no industry standard or database for commissions, fees, retainers, kickbacks or other forms of payment, you will never know exactly what your salesperson actually earns. They could create a loss in your account and still charge you $3,000 a year. Recently, one of the sources of information was partially closed. The CFP Board told financial planners that the compensation information was “not very specific or helpful to consumers” and that the best way for consumers to select an advisor is “to have a conversation with their prospective advisor.” But we can’t interview 10 prospects without knowing something about how they charge. “We’re trying for more transparency as an industry, and this is less transparent.” The CFP Board’s consumer website, LetsMakeAPlan.org, is part of a public awareness campaign. Some advisors think the group may have caved in to the whims of the brokerage industry, many of whose advisors also carry a CFP designation. The Board was criticized for not properly disclosing things like customer complaints and criminal or regulatory problems for thousands of CFP designation holders on its consumer website. It took me a long time to find an advisor that charged only a fee for a financial plan/advice for a client. Most charge 1-2% annually of your balances plus fees for packaged products like annuities. It’s your money.

Buy unbiased advice: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

How much government do we want?

Elections are about choices: what to do with our tax money? If you believe social benefit programs are needed to help people you vote Dems in. If you believe corporate and wealth benefit programs are needed to help business and the asset class you vote GOP. Socialism: Trump is now helping some businesses and not others. Welfare for the rich or welfare for the poor, both have succeeded in driving up our public debt and the size of government. Subsidies to the elites and to the needy have never been contracted only expanded. Why are we still providing oil, coal and gas subsidies to profitable companies? Trump pays oil/gas companies when the oil/gas market price falls. We don’t get a bailout for our fuel oil/gas bills. Why have we allowed corporations to pay such low wages (same as 1973) that full time employees must beg for food stamps to survive? Why doesn’t government protect us from unwanted robo calls, opioid drugs and nicotine e-cigarettes? We allow the wealthy to avoid taxation through expensive tricks we can’t afford. When will everyone pay their fair share for their subsidies? Only now is Washington State repealing Boeing’s subsidies. Why is a ‘capitalist’ system paying profitable companies socialist subsidies? Give bailout to taxpayers!

Pay your fair share: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

SEC lawyers create more obscure annuity ‘disclosure’ form

The new “reader friendly” variable annuities summary prospectus and rules were supposed to improve investors’ understanding of the complex contracts but actually prove the need for real-ife testing. This charade “illustrates why we shouldn’t leave the job of developing disclosures to securities attorneys. The model they developed based on the proposal is 16 pages of small type and legalese,” CFA Director Roper said. “Had they bothered to test it, I am confident that they would have learned that much work was needed to make these documents both more readable and more visually appealing. But they weren’t willing to do that, perhaps because they didn’t want to hear what investor testing would have told them about the need to go back to the drawing board." Insurers were thrilled with the way SEC lawyers can obscure the tricks insurers use to make sure an ordinary person could never understand how their annuities work.

Insurers can never lose money: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

File your taxes for free

TurboTax and other for-profit tax prep firms are due to raise prices soon. If you have your documents, use your favorite software now and pay your tax due on April 15. The payment, if any, can be in April; the filing should not. The federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/. Another site has no cost or restrictions: https://www.creditkarma.com/tax. And remember you can usually reduce income and thus tax by making a deductible contribution to your IRA. 

Filed already: refund status: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp

Save for a long life: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

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

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

Mob Boss: 'Oh, we'll be cutting' [SS & Medicare] entitlements

Mob Boss: my employees see “I have natural ability” in medical expertise.

Mob Boss using Supremes to overturn centuries-old law

Mob Boss lowers his taxes by paying bribes

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

This is how the GOP plans to stay in power? Is 6 hour wait enough to forsake democracy

Supremes under thumb of Mobster eliminate Congress power to govern

Mobster distracts us with promise (bribe) of tax cut to ease panic Pence assurances fail.

Socialist Trump giving bailouts to profitable companies who make election contributions.

IRS to delay tax filing deadline so refunds can be used for corporate bailouts

National Emergency? House Dems act to get help to people directly

SCAMS/SPINS:

David Goldman Brook Church-Koegel Nicole Walker caught in $1.2 billion Woodbridge Ponzi

Wealthy use current volatility to pass on $ Billions to their descendants tax-free. Richer!

Horse racing is fixed too.

Cruise lines salespeople providing false info to maintain ship bookings. Gov may pay too

China says new corona cases falling: open Wuhan airport shortly?

Aliera Healthcare deceived buyers of health ministry plans with few benefits.

Judith Negron caught Medicare fraud $200 million from elderly set free by Mob Boss.

Michael Williams Kinetic caught raised $39 million fraud: promised high yield

Epidemics are usually not included in standard travel insurance coverage

Trump hotels golf clubs to receive socialist subsidies to cover corona losses.

“It [The Hoax] will go away. Just stay calm. It will go away,” Dr Trump said

Can the most secure man catch The “Hoax” from his own people?

Trump cancels CDC advisory to seniors: fly at your own risk of corona

"There's no good reason to use masks except you think you're doing something” 

Pence claims corona more lethal than flu: expects “thousands of more cases.”

Flu 18,000 deaths so far this year; coronavirus 3,347 so far this year.

Farmer warns pig-castrator Sen. Joni Ernst’s past votes to repeal the ACA hurts him.

Many rural children start carrying handguns as early as the sixth grade. Peer pressure.

Food delivery costs up to 91% more than regular prices: Local market is best.

GOP voter suppression: GOP keeps black Kansas City Mayor from voting:

Jobs

More jobs in 2020 before virus: Key number: 273,000 jobs in February.

Who owns your account now?

Which medical clinic is best for you? Walmart vs CVS?

Miracle:

Older adults were 67% less likely to die of any cause if they walk 30 min a day

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

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

The BIG Con: Earn up to 7% with NO MARKET RISK

Looking for the Highest Guaranteed Return?

This is the current misleading ad from an annuity marketing firm. The insurer is not mentioned—for good reason. The best REAL rate is 4.3% but you must keep your money locked up for 10 years or pay the surrender charge. See the disclaimers: * Effective yield displayed. First year rate is higher than subsequent years.** Rate may be lower in certain states. Only a gimmick or trick from a carrier could show a pretend rate of 7%. But this is the only way salespeople can get your attention. Unbiased information is not easily available because most annuity contracts are complicated. 7% may be the ‘potential’ return for a SINGLE period like monthly indexed annuities. However you need to be an actuary to figure out how the terms of the contract will produce your real return. When I was in the business, we only cared about the commission to us and how brokers/advisors could push the sale to clients. None of us understood the actual calculations. But people will buy anything when the alternative is a 3% CD and a volatile market.

It doesn’t have to be that way: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Liberty Mutual claims it customizes Mr Landry’s special needs coverage: https://www.youtube.com/watch?v=qQnbL_5ZgbY

Every insurer claims “you only pay for what you need” and then they go on to include in their ‘standard policy’ a bundle that includes life, disability, accidental death, funeral, extraordinary medical, income loss, medical payments coverage, and medical insurance. But most people already pay for these coverages. Your premium is not usually itemized so you don’t see they add charges for towing and rental car loan and insurance as well as accident forgiveness, waiver of depreciation, full replacement if totaled, uninsured /underinsured motorist coverage, family protection coverage, mechanical breakdown coverage, gap insurance, ‘stacking’ and many other things. For instance, if you are insuring an older car you may not need comprehensive coverage. You also may NOT be told about all of your insurer’s discounts or their complaint history. Remember, the commissions and profits are determined by the premium you will be paying for the next 20-30 years. Every insurance company can ‘customize’ your coverage to pay less if you know their discounts and your ‘needs.’ Cancel double coverage you don’t need.

Save over time: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Bull market took 10 years to recover but what could you do about 2007-8?

Jeff Sommer writer of ‘Strategies’ in the Times, noted that it took a rise of 100% after a 50% decline and so we should learn that “avoiding big losses was probably more important than reaping big market gains.” YES, but how Mr Sommer? He didn’t tell readers in Nov 2007 that the market would drop and so get out. No one did. Sommer advises us to look at longer periods to understand what the stock market can do for our expectations. We don’t have to use the ‘artificial’ calendar cut offs to gauge performance. I don’t think any of us or our advisors can predict the future so I refer him to the graphic by Richard Bernstein or the chart by DALBAR showing that our best deal is a low-cost index tracking the S&P 500. Yes there are ups and downs but I will take 10.98% a year since 1976. No other asset can claim that record: Govt bond 7% since 1980; Corporate bonds 8% since 1973; Commercial real estate 10.23% since 1996; Gold 5.5% since 1993; Commodities 4.2% since 1993. Owning the 500 Index is what Warren Buffett advises.

Either 3.79% or 11%: https://www.amazon.com/Win-Investment-War-Earn-11/dp/1522916369

Is this socialism?

Trump is giving $15 billions MORE to farm corporations so they make their profit goals.

Farm subsidies go to 5 crops mostly. Large agribusiness corporations not family farmers capture most of the $ billions. It is the marginal family farm that will be hurt by Trump’s tariff war with China. His GOP friends in Congress benefit directly from this type of socialism. There are no tariff offsets for small businesses like your local bike shop. Another type is giving profiteers federal land so they can ‘steal’ our oil/gas. We earn much less in royalties than the private landowner.

Another type of socialism is the Export-Import Bank where our largest corporations receive taxpayer-backed cheap loans they don’t need to make more for shareholders. 

Another type of socialism is the price fixing that Congress allows to go on in the drug industry. We allow the drug companies to collude to raise prices on even the generic drug business the government established in 1984. Most new drugs are actually created by the National Institutes of Health (NIH). U.S.-based foundations have increased their investments in discovery and development for new drugs specific to their diseases of interest. After we pay for the research, the drug companies pay for testing and distribution (nightly TV advertising too). The government gives companies the legal right to make $ billions on each drug. After 20 years the drugs are supposed to be supplied by the generic industry at lower cost. This isn’t what happens. Congress allows Pharma to manipulate the process. Studies looking at cancer treatments have shown no correlation between the price of cancer drugs and the benefits they provide. We pay more for drugs—even 8,281% more for generics—than the rest of the world. Our government won’t bargain with Pharma on price so they are free to gouge us. I pay $15 for one Januvia pill here and $4 in Canada. Which should we pay?

The end result is socialism for the rich: https://www.amazon.com/Americas-Socialism-Rich-little-people-pay/dp/1535218584

Do you see a pattern investment strategy here?

This is the new Callan Periodic Table: https://www.callan.com/wp-content/uploads/2019/03/Classic-Periodic-Table-2019.pdf. I hope you can see a pattern but I sure can’t. If you knew what was on top in 2019, you could put all your chips there. But most of us don’t know. Others guess. Others read lines and charts and say they know. But they are paid to say they know. And even the most successful investors don’t know. So what can we do? Warren Buffett and John Bogle say, don’t try to find the needle, buy the haystack. But it can’t be that simple since a whole industry is devoted to finding that next big thing. And some of us pay them to do it even when they fail.

https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

How do you judge your broker/advisor?

Are they providing the best advice possible or just OK? How do you know? How do you measure your success? Which benchmark do they use to show you how well they are doing? You know they must be paid but how are you paying them? Like every vendor you hire, you don’t want to get cheated. Unfortunately, only now is the industry starting to identify the bad brokers/advisors that move from firm to firm. John Bogle, founder, Vanguard has created low-cost investing so that we don’t need to give up 63% of our total possible accumulations because we pay too much. The actual returns of managed equity accounts have been tracked over time. DALBAR’s annual study shows we average investors earn only 3.79% on their money compared with the 11% from an index. You can end up with $854,000 or $220,000 for retirement. This is why the industry has changed. People need to hire a financial specialist like they hire a lawyer NOT like a cable firm’s monthly retainer. When we have a problem and need advice, we get it in a couple of meetings. Most of us do not need to pay 1-2% of our portfolio every quarter so that our advisor can tell us how we are doing. We can see it ourselves in our statements and strategies. Learn how to judge. Pay less; earn more: 1% or 0.04%?

Hey, it’s your money: https://www.amazon.com/Buffett-Strategy-854-000-not/dp/1978481020

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

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! 

Tariffs cost family $767 annually—exactly the 2018 tax break to average family.

Rubio enlightens Trump on China trade: CEOs make deals not Trump: Follow the $s.

Senator tells witness to violate the law: GOP backs Mob Boss to defy Congress.

Broker regulators just now propose warning investors about bad brokers & firms???

Trump use war to win 2020 election? GOP leaders never heard of Iran & war ships.

Trump to pay Taliban terrorist’s travel expenses: Really?

SCAMS/SPINS:

Trump celebrating HIS birthday this 4^th—it’s all about the Boss like Kim in N Korea

Trump tells Boeing just to rename the 737 Max: “consumers have very short memory”!

Pence commencement speech challenged as students object to WH policies of hate.

Trump goes on attack (best defense is offense) against law enforcement: FBI, CIA, Spys

FL counties 2016 votes in doubt now: will Russia decide 2020 election? Trump win again

Trump let’s banks charge $35 for accidental overdraft: reversing Obama

Trump cutting Pell Grants for college education: sending money to the moon.

Melting global ice pack allows more trade opportunities for Trump’s Mob, he says.

Coal industry changing our species and habitats forever thanks to Trump’s Mob

Private wall builders blame liberals for not using $20 million to build Trump’s wall.

Boeing ignored pilot warning about 737: killed 189 and then 157 and claims safe

Trump decides which products/firms he wants to win: he gives his tariff breaks to them. 

Debt collectors want no restriction on calls/week or emails/texts intimidation. Trumpism.

TurboTax, Block, others in IRS FreeFileAlliance hid the free option so we pay more.

Roundup weedkiller jury asked to give cancer victims $1 billion: Bayer hid health risks.

Child abuse inside Scouts sends BSA into bankruptcy? 5,000 perversion files ignored?

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.’

Jobs:

Elderly Are Twice as Likely to Work Now Than in 1985: Everyone is poorer

Insider attacks were responsible for most healthcare data breaches: Dr have BIG loans.

Tariffs cost over 934,000 jobs lost.

Boarding homes for singles are back: Earn helping others in need!

23 apply for President: too many so Trump wins again?

Who owns your account now?

Why we return so many electronics: can’t get started to use: no user help, etc.

Can Trump stop surprise medical billing? Some Dr you never met bills you. $17,850!

WA first state give residents public option health care plan but run by insurers: 1^st in US

United Capital Financial Partners to Goldman Sachs Group

Miracle:

Do we have to give guns to all high school children to protect them from other students? 

Habitat for humanity owners get financial help from real planners in NJ

AL has turned back time to 1960s when no abortions even if raped by a relative. Move.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Refunds are smaller: We’re paying for Jared’s refund!

Refunds are smaller: We’re paying for Jared’s refund!

Trump’s gift to his wealthy friends and companies will cost each working person more. Tax refunds are running 8% less this year because Trump cut deductions for working people as well as property and state taxes. He added 6 more Schedules to file taxes so he could claim you can use ‘postcard’ 1040. It’s NO postcard and preparers charge by the page. Twitter is filling up with complaints from people whose situation has changed radically. A nurse got $1,000 less and nothing changed in the filing. Another person owes $2400 instead of ‘good refund.’ Others made less last year but owe $5,000. We were promised a ‘middle class tax break’ in October.  “We are giving a middle-income tax reduction of about 10 percent,” Trump told reporters. "We're doing it now for middle-income people. This is not for businesses. It's for middle." Trump lied again. Compared to 2017 rates, some taxpayers would pay more tax in 2018, even more in 2025, and HALF will pay more in 2027 according to Tax Policy Center. We are paying more because Trump, Jared and friends are paying less or $0 taxes. Instead of creating jobs, the corporations are buying back their stock for larger dividends.

Stop paying rich people’s taxes: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce-Taxes/dp/1540435148

Why do we taxpayers give welfare to profitable companies?

U.S. Steel's 2018 profits shot up to $1.12 billion. Gary IN put US Steel on welfare of $ 47 millions (city and state offered the firm a $47 million tax break package.). IN gave US Steel $10 million in tax credits, along with $2 million in worker training grants. There is no guarantee how many jobs are saved. Gary has already given Steel a property tax break estimated at $35 million over 25 years. Instead of making a jobs commitment to Gary, Steel used the benefits to buy back $300 million of its own stock. This benefits the owners not the workers and certainly not the city or state. Trump’s tariffs on foreign steel don’t help a firm with high-cost steel. Steel re-hired 800 in Granite City. Gary got a worse deal than that at Carrier which Trump boosted. A study of tax breaks on the state’s public finances in the last decade found that state incentives costing about $30,000 per job provided little benefit to Indiana’s economy or tax base. In New York, Amazon quit. Amazon does NOT need incentives—Bezos is rich already. Federal/state funds would be better spent on infrastructure jobs for now. Retraining and apprenticeship programs would help future workers. Funds for corporate Welfare could be for Medicare for All.

Trump extends American Socialism: https://www.amazon.com/Americas-Socialism-Rich-only-little-people-pay/dp/1535218584

Maybe you don’t need a will

Less than 20% of us have the 3 essentials. The folks who have assets usually have them. If you don’t have one maybe you don’t need one. Most financial accounts already specify who gets what. Usually an IRA, pension and brokerage accounts have beneficiary designations. The institution responds to the ‘bene’ on the account agreement not the will. If a home is held jointly it is owned by the survivor. A will is useful to the executor so that you can make sure your wishes are done, like the spouse without a license does NOT get the car. Many children fight over assets but having a will probably ends the discussion. Your possessions may not be needed by the kids and need to be given or carted away. Think about church or charities you want to support. Depending on how long you live a will usually has to be updated periodically. Perhaps that is another reason most us don’t have one. Some people won’t make one because they believe it brings on death. Some others don’t prepare for final expenses for the same reason. Some don’t want to leave a thing to certain family members.

https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Our work-place benefits are changing—new choices

Some employers are discovering that the old formula for worker satisfaction has changed. Since the age of the workforce may now span 50 years, everyone wants something different. Younger workers may want flex hours. Older workers may want great health care and more retirement fund matching. One size does NOT fit all. Listening to worker needs can lead to packages designed for each group. Some employers help with the student loans. Others fund disaster relief or paid parental leave. Everyone likes choice and employers must pay attention to keeping the workers they have since the market is tight. Chose a tax-FREE or tax-Deferred future.

Choose best savings plan: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

What Trump destroyed, each state is reinstating to protect us

MD is the latest state to adopt the Fiduciary Rule to protect us from unscrupulous money grubbers. Under the legislation, fiduciaries are required to act in the best interest of their clients, without regard to financial or other interests of the person or firm providing the advice. Seems like common sense but Trump killed the Obama law in his first year. The financial industry wants no limits on its ability to sell products that are NOT the best for us. Recently the Consumer Financial Protection Bureau appointee wanted to scrap a lending rule meant to guard the most vulnerable Americans. Payday lenders could go back to charging 400% interest on temporary loans that end up nagging borrowers for many years. State legislators now realize we need protection from the ‘money changers.’

Protect yourself: https://www.amazon.com/Fiduciary-Rule-BEST-dont-lose-anymore/dp/1530980275

Did you tell your child how to retire early?

Tax-FREE wealth! We did not have this option when I started working. Today, if you show your young adult that they can accumulate enough tax-FREE money, they could work and then enjoy life without the grind. The hard part is explaining that it takes time. The tax-FREE account has been around since 1997 and I was lucky my boss told me about it in the 2000s. This account can be set up at any financial firm and in many it costs nothing: No lawyer or broker is required. Using the low cost mutual funds recommended by Warren Buffett, it takes just 25 years to accumulate $3/4 million using $500 a month. It takes 30 years to hit $1.4 million—TAX-FREE. Your kin does nothing else—no trading, no broker fees, no market-timing. Automatic investing means they can’t fail. Teach on. Tax-FREE means they will have 25% MORE to live on. $0 Fed/state taxes.

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

Are no commission ETF index funds right for you?

In the race to recapture revenue from going to Vanguard, the for-profit firms Schwab and Fidelity are try to win us back by removing the commission. ETFs are index funds chosen by management to keep us invested in securities. You can trade 503 ETFs in 79 Morningstar categories (for example, large value stocks). Fidelity matched this explosion at the same time. But do we need 500 choices? The assumption is that we know what will happen in the future and will buy the right ETF. Like everyone who gambles, we are encouraged to place our bets on the favorite of the day. This delusion has caused many ‘investors’ to earn less than the buy and hold strategy. DALBAR, the firm that keeps track of returns, shows us that most of us earn only 3.79% when a simple 500 index fund earns over 11% a year over time. If that sounds like old fashion news, a recent study shows index funds hold more money than the funds run by ‘wise men.’ More investors are learning why Warren Buffett recently won his bet on the 500 Index over 5 hedge fund strategies. Trading and fees rob us of the Miracle of Compounding. John Bogle founder of Vanguard told us that trading and fees can take up to 63% of our possible accumulations over time.

Use the Miracle of Compounding not ETFs: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

I, Trump, have a new idea for a parade, fireworks on July 4th

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

Can’t understand why unpaid workers (slaves) need food banks

Is this our America? Forced off bus to prove citizenship; ICE says papers are fake

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

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

WALL not needed in El Paso, Mr Prez: safer than your WH town. Washington DC

CA National Guard goes home: NO crisis on border—must be in Washington.

50,000 refugees in camps guarded by soldiers: separated children—Is this America?

Hydro power plant told to use coal instead of renewable so Trump funder gets profit.

Veterans who fought for our country were deported: Dems bring them back as heros!

SCAMS/SPINS:

2 Supremes lied about upholding previously decided law: how Supremes kill our laws.

Senate passes bill declaring lynching as hate crime—it took 200 years: Will Trump sign?

5 for-profit firms control health for over 125 million Americans: Cost going up or down?

Drug firms claim their high costs are needed for new drugs: actually we pay for them.

ObamaCare still provides health care to silent poor despite Trump’s evil intent.

Jared’s investment failure bailed out by Qatar: now Trump owes Qatar big time.

Trump tariff sending more farmers into bankruptcy: Trump helping corporate farms grow

IRS pursues fewer cases of tax evasion than it did less than 10 years ago. Rich get richer.

Clive Bundy still owes US $1 million for fees and penalties: No jail so guns beat Feds.

Ford 150 recalled: downshift to 1^st automatically at high speed—1.5 million 2011-13.

Toyota airbag recalled: shrapnel explosion in high humidity—70,000 2002-5; 23 dead.

BEWARE: Dyson vacs called unreliable by Consumer Reports. Half are pricy ‘garbage.’

Kestra Investment, TX, caught overcharging 3,205 clients $1.6 million: Fine, no jail  

BEWARE: Advisors claim signs of recession but no proof—balanced funds for long haul

Brent Borland NY caught fraud in Belize airport investment scam—jail time.

William Husel Mt Carmel OH caught giving excessive fentanyl doses: 16 deaths’ suits!

We have a history of separating kids from parents? Fear of the next group wins elections.

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

Trump has done what Putin wants: EXIT NATO, IRAN, SYRIA, INF Treaty, AFGAN.

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

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

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

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Jobs:

Retail jobs require us to learn a new language in order to sell to young customers.

Rep Jones, NC, regrets he did not do his job and tell Cheney NO to Iraq war BS.

Rand Paul won $ ½ million by piling his yard debris near neighbor: Next Job?

Who owns your account now?

Future of long-term care policies is uncertain as prices goes up. Alternatives

Check with the mechanic of your plane BEFORE you get aboard. Any skipped steps?

Medicare for All 1^st step—50 year olds can buy Medicare in advance.

Car insurers discount for drivers who drive less than 250 mi a day: tracking device.

Michael Avenatti has trouble: The Don must have a new Cohen. One less challenger.

Miracle:

The Beautiful Poetry of Donald Trump?

https://play.google.com/store/books/details?id=8ou9DgAAQBAJ&gl

Protestant clergy admit abuse of women & kids. Some evil-doers still at it. Hell on earth!

Brain cancer killed by our own immune system using new trigger drugs—trials positive.

IAN

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Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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