Buffett recommendations for investments in retirement

 

Women are more vulnerable to a retirement income shortfall

When Social Security benefits are cut sometime after 2034, women will be hurt. Women live longer and have greater health expenses than men. Women rely on SS benefits more than men yet because of lower income, receive fewer SS benefits. Fewer women have their own well-funded IRA to supplement their incomes later. Fewer women have employer paid pensions. Women have lost seniority due to child rearing. Finally, women have lost wages over years of suffering the unequal pay gap. Thus, cutting benefits by 25% or so as planned by the current Trust forecast will bring women near poverty straits. Will the male-dominated GOP respond to fix this emergency with new taxes soon so that the Trust has time to accumulate a useful balance? Maybe not. This leaves women workers with the options of working longer, staying married (or with other family), finding more affordable housing/living situation or creating a new income source.

https://www.amazon.com/Ensure-Your-Financial-Health-Wealth/dp/1466388293

 

Is Social Security in your future?

In order to receive our full benefits in the future (2034 and beyond) we need to have more people who pay the FICA tax working. Since fewer children are being raised in the US and fewer immigrants are being allowed in by the GOP, there will be a shortage of workers to pay for future Social Security benefits. In addition, wealthy folks with income over $147,000 are exempt by GOP from paying FICA. So we need to make a change in one of these determinants. Workers and employers already pay their fair share—7.65% each. Congress could save Social Security for us by lifting the exemption. We are at risk to the politics of wealthy Americans maintaining their privilege. Our future may be more like the economies of poor countries—very wealthy owners and very poor workers. Some working people can afford to wait to claim higher benefits. Most working people can’t afford a lump-sum payment for an annuity to replace SS benefits. Most workers (80% by a recent survey) feel they aren’t saving enough (or simply don’t know how to save) for retirement. This leaves workers with the options of working longer, staying married (or with other family), finding more affordable housing/living situation or creating a new income source.

Consider the options: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

 

Retirement planning—the good, the bad, the ugly

If you have started to think about or talk to your advisor your retirement, that’s good. If your advisor has begun to pitch an annuity, that’s bad. When you have estimated how much income you will have compared to your expenses, that’s when it gets ugly. Most retirees wish they had started saving/investing earlier. Well, that can’t be helped now. You started when you started. What can you do now? Why do advisors push annuities? If you have a large lump sum, annuities can provide a guaranteed income to you (and your advisor). However, many insurers are cautious about guarantees. They have been burned by low interest rates and so limit ‘guaranteed living benefits’. People are living longer so the benefit, that ‘lasts a lifetime,’ may lose HALF its purchasing power in 20 years. If you have kept your money working in equities, you can sustain your current income level for longer than an annuity can. Plus if you or your family has an emergency, you can use your portfolio. Usually you cannot cancel an annuity without a large charge.

Plan for the worst: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

 

Buffett recommendations for investments in retirement

What is one of the world's greatest investor's retirement advice? Use 2 Vanguard funds for your retirement income. You avoid “high-fee managers” and the high cost of trading.  Warren Buffett's legal will provides for his family by directing that his cash assets be invested in just two Vanguard funds: One will provide cash for the coming year and the other will provide for a sound future. The best way to protect your family's future is to be invested in the stock market: Pure and simple. When you have stock assets, your money compounds at higher rates when your account fees are 0.01-0.05%, not the retail rates of 1.5-3%. You don't have to settle for retail products that are structured to provide a Wall Street firm with higher revenues. The average investor earns just 3.79%, not the 10-12% market rates according to the DALBAR record keeper. A simple plan can save you the pain of retirement income blues. Retirees regret a little saving and planning workout.

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

 

 

 

 

 

?**********ACCOUNTABILITY**************?

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trump engaged in a "criminal conspiracy" to stop Biden

 

“I don’t f—ing care that they have weapons”

 

Trump was “detached from reality”

 

Trump used mafia-style intimidation on the defenseless

 

Parscale: “a sitting president asking for civil war.”

 

Trump: “Just say the election was corrupt and leave the rest to me” 

 

GOP fascism: “RINO hunt armed; no bagging limit” J6 comm threat

 

Trump’s Supremes END personal rights & state laws except for weapons WMDs

 

Fascism: GOP to stop women leaving state for abortion

 

It’s not a court. It’s a junta: Two Americas

 

 

Nov 8 2022 Trump’s “national revolution”

 

 

 

How Govt wastes our money:

US executes those who steal "top secret documents" don’t they: Rosenbergs

GOP Sen Paul calling for repeal of Espionage Act: Dems could never get away with that

 

Warrant: Nuclear secrets for Putin Xi or Saudis provides cash for dictator’s next move

Rubio said that Trump was "dangerous": we must not hand him “the nuclear codes”

Trump claimed he returned secrets in June: he did not: FBI found more. ‘Lock him up’

Now Trump claims he “declassified those documents.” But no record: Nuclear declassify

 

“We must destroy the FBI,” Rep. Paul Gosar (R-Ariz.): GOP’s new fascist theme

 

FBI Justice probes Southern Baptists: clergy sex abuse of most devout: higher authority?

 

Sinema was paid $1 million to kill wealth tax on wealthy and hedge fund managers

 

VA Gov ‘hate’ line: Gestapo-style hate list compiled by Youngkin: “divisive” teaching.

Data from period-tracking and pregnancy apps may be used to prosecute pregnant people.

 

TX school district removes Bible, Ann Frank, etc from library and schools: complaints

VA, FL, PA, AZ restrict book reading: fears whipped by GOP: Gaetz roams girls school

Judge tells DeSantis he can’t forbid us talking about race in biz and education sites.

 

SCAMS/SPINS:

LPL Financial caught not accurately calculating client reserves, inaccurate books: fine

Equifax Confirms It Sent Wrong Scores to Lenders: Ask them to rejigger your score

Hackers used 30 retail accounts pump up microcap stocks then sold making $millions

 

Median house price zooms to $413,500: half above that record level

Steinway Tower skinny: wind sways $88 million upper floor apartment a few feet !!

 

Dirty Apples: Updates recommended after more errors found: even 6S model, iPad 5th

Bad Apples: Your iPhone may soon have more ads

 

RECALL: Capri Sun Wild Cherry Flavored Juice Drink Blend pouches: cleaning solution

RECALL: 4moms MamaRoo Baby Swing and RockaRoo Baby Rocker: strangles kids

BEWARE: anti-choice police seize our internet talk re: women’s health issues: talk softly

Walmart, CVS, Walgreens caught pushing opioid drugs in OH: fine, no jail

 

Book banners banned from reading the books they banned in public: 2 Americas

FL court: 16-year-old not “sufficiently mature to decide” abortion so forced to raise child

Trump tells terrorists to chill; get ready “terrible things are going to happen.”

Trump can’t find a good lawyer: he usually doesn’t pay and his regulars in trouble

Kinzinger: pastors lead people to “equate Donald Trump with the person of Jesus Christ.”

 

Far-right lobbyist now tax-exempt “church”  Trump’s Supremes all ‘church’ members

Trump’s accountant pleads guilty: tax-fraud just like Al Capone mob boss

PA judges caught sending kids to for-profit jails in exchange for kickbacks: fine, no jail.

 

Jobs

10 Cities Where Rich Out-of-Towners Have Driven up Home Prices

Teach: you don’t even need to know how: just handle violent parents, terrorists, pay

Wage gains for job hoppers hit record high over those who stay

 

LeBron James takes $97 million contract: you could be his body guard?

 

Who owns your account now?

Polio Is Now in NYC's Sewage, Suggesting That the Virus Is Circulating

Monkeypox is now “Clade”: saves monkey discrimination: clade

NAIC passes Pet Insurance Model Act: make sure your follows standards of care

 

J.D. Power T-Mobile, Cricket and Consumer Cellular Highest in Segments

Paint sale: Sherwin Williams Coupons 

It’s your money: Losses from crypto hacks surged 60% to $1.9 billion January to July

 

NASA tests yeast’s biological processes growth, death, DNA damage: our life on mars?

EV Rules change 1/1/23: $7,500 for new electric vehicle buyers

https://signmyrocket.com/ you can send a message to Putin on a bomb: “love from TX”

 

Miracles:

Inflation Reduction Act just passed: what we might accomplish

Panicked parents defund town library to end book reading: outsiders donate to save it.

Judge restored a 2016 moratorium on coal leasing on federal lands overturned by Trump

 

14 blind people had their vision restored and three of them, perfect 20/20 vision

5 Tax Credits in Biden’s New Law: Health, cars, home,

Dog, Missing 2 Months, Found Alive Inside Missouri Cave

 

Scotland become first country in world provide free period products: no rags, paper, etc

FDA: over-the-counter hearing aids available to millions: save $3,000

Start your day with this and you will sing all day! youtube.com/watch?v=I0zNiae3j7k

 

 

 

 

@

Light is both a particle and a wave depending on how we look at the light.

I don’t think that there is any such thing as a position or a velocity of a particle.

Everything in universe: galaxies to stones made of subatomic energy ‘vibrations’

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

Mass–energy equivalence: E=mc^2.  At the smallest level; Everything is moving!

There is no TIME at this level because of force fields come and go in all directions. 

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

“Empty space is a boiling, bubbling brew of virtual particles that pop in and out of existence in a time scale so short that you can’t even measure them.” Space expanding.

The electricity we use comes from the field around the wire not from election itself.

 

 

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

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

 

Make sure all your tax documents come before you file

Make sure all your tax documents come before you file

Since there is no enforcement of tax document mailings by mutual funds, banks, brokerage and advisors as well as employers, check last year’s filing to make sure you have everything to file BEFORE you go to your preparer. Few keep the deadline of January 31. Call IRS if not by February 28. If you have a kid in college, make sure they do NOT take your dependent exemption themselves. They don’t need it to get their job withholding tax refund. You need it to claim deductions and an extra $500. Kids should check the box “Someone can claim you as a dependent.” https://www.irs.gov/pub/irs-pdf/f1040.pdf. When you are ready, IRS has efile partners that have easy software programs that may allow you file for FREE. Some charge depending on your state and level of income. Most will cost less than the advertised brands ($50+$30) unless you must use a paid preparer. Trump has doubled the number of forms required to file many middle-income returns so the average price will be higher. And you won’t pay a penalty if you paid 85% of what you owe. Many of us will pay MORE than Trump promised since the wealthy and corporations pay less. January 28 is the first day of FREE ‘human’ preparation by AARP tax-aides. Make sure you have all of your docs: https://www.irs.com/articles/tax-form-checklist. Sign up at locations near you: https://secure.aarp.org/applications/VMISLocator/searchTaxAideLocations.action.

Long term care policies benefits and prices vary by 243%

If you are wealthy you may not need a policy. If you are NOT wealthy you may not be able to afford this coverage. You can buy from a new insurer with better understanding of the cost profile. Most advisors say buy at a younger age and change the benefits to meet your needs. Great for them but how to cope with increasing prices for what may be a very long time—age 55-85 means 30 years at $3-4,000 a year. AND you may not need coverage. That’s $100,000 wasted cash vs. $500,000 invested at 8%. Unless you know you will need it soon, you may be better off paying cash when the time comes. $4,750 to $2,500 per year LTC policy prices vary greatly.

Shop around: https://www.amazon.com/Long-term-Care-Insurance-Updated/dp/148274001X

A pathway to health care for all

CA new gov proposing extending ACA ObamaCare to insure more residents. This incremental move may light the way for other states concerned for its citizens. Newsom uses state funds to fill in the gaps for those without coverage and ignores the mandate. More carrot and less stick may help CA do what others haven’t up till now. About 10% of its non-elderly population lacks coverage. A study last year projected a steady rise, finding that Republicans' Obamacare sabotage and other factors would increase the un-insurance rate to 13% by 2023, with about 1 million more uninsured Californians, barring a policy shift. Massachusetts has its own mandate and subsidy program, and it has the lowest uninsured rate in the nation. Families are working hard to pay medical bills but still need help even with 4 part-time jobs and working mom.

Buy only what you need: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Are ‘Target Date’ funds right for you?

A recent survey of employees enrolled in TDF shows they are misunderstood. The industry does its best to keep those with low pension balances in the dark. The industry is a for-profit one and has no interest in explaining this low-cost high-return strategy for retirement funding. Instead of showing how this option gives employees the best shot at a successful pension fund, working folks have the idea that this strategy will assure a safe retirement income, will never go down, is guaranteed by the government and becomes a cash asset in retirement. Workers do know TDF asset allocations shift from stocks to bonds over time. Most employees have had no investing experience and so if their 401k default is TDF, they never learn what they really own. Employers are not in a position to teach investing and the fund complex they use has no responsibility to provide this service. Employers have all but abandoned paid worker pensions. And no one has stepped up to provide the basic financial education all of us need at our first job. https://www.amazon.com/Financial-Literacy-Steps-Success-Money/dp/1491044616

Avoid double taxation when you inherit an IRA

When you inherit an IRA from someone, you need to know the amount they contributed over the years as after-tax non-deductions. Since IRA accounts have been around, contributors who wanted to keep on investing even without current tax deductions because of their incomes, were able to keep building their retirement nest egg. If they started taking distributions mandated by the IRS as RMDs at age 70 1/2, they had to calculate the amount to exclude from taxation as regular income since they had already paid tax on the contributions. They should have filed a form every year (Form 8606) keeping track of this so called ‘basis’—the amount they already paid tax on. The financial trustee for this account never had to keep this information so you as the beneficiary must go back into the tax records to compute the excluded ratio. Otherwise the IRS will treat the whole distribution to you as taxable at your rate. The last tax return should have the Form 8606 so you and your tax preparer can take it from there. Of course, now we have the Roth IRA which shields all the growth in your IRA contributions from taxation. Use the Roth for your current investing or convert your old IRA to the Roth for totally FREE distributions when you take them. You do not have to take them so they are the perfect working-person’s estate plan. Heirs pay no tax.

Use the best for your heirs:  https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

What did John Bogle give us?

John Bogle died Thursday. John Bogle created The Vanguard Group—the mutual funds owned by us—the investors—at cost, so we could keep more of what we earned. At work in a financial firm one day, he responded to the fall of his clients’ accounts by noting that speculation was not in the best interest of the firm’s clients. Bogle fixed on the role of a firm as steward of the clients’ funds. In 1976, his new firm introduced the index fund to individuals. Indexing was run by banks for some large investors. In 1977, Bogle stopped selling funds through brokers. The company eliminated sales charges and became a pure no-load mutual fund complex—a move that would save shareholders $ billions in sales commissions and fees—increasing their gains. Stewardship is the attitude of salaried workers at Vanguard which is now the largest provider of funds to investors. Noted economist, Paul Samuelson ranked "this Bogle invention along with the invention of the wheel, the alphabet, Gutenberg printing." Jack Bogle’s legacy is rooted in the concept that investing should be conducted solely in the interest of investors. Bogle’s single mindedness on fiduciary stewardship finds its meaning in the company he founded, the (low cost and simple) product strategies and corporate governance reforms he champions, and the nine books he wrote. The industry has followed Bogle’s lead—almost every investor is now paying less and earning more because of this industry disruptor.  See attached.

Industry disruptor--Pay less; earn more: https://www.amazon.com/Disruptors-Three-Innovators-increase-WEALTH/dp/1720857563

Real estate moguls lick their chops at Trump’s ‘opportunity zones’

Trump did Jared and friends a big favor. Moguls who develop real estate or fund businesses in these areas are able to defer capital gains on profits earned elsewhere and completely eliminate them on new investments in 8,700 low-income census tracts. The goal is to reinvigorate these areas. But the question is whether the 2017 tax law will, as Mogul Mnuchin predicts, pump $100 billion into places that need it most, or if investors will play it safe by funding projects in a few zones already on the upswing. But like most deals, there are hidden terms. Investing in a relatively illiquid partnership or corporation with the intent of holding the investment for as many as 10 years in order to maximize the available tax benefits requires a strong conviction regarding the merits of the investment itself. Some areas are just not ready for money without people. And state tax codes may not help. The Federal tax benefits don’t exist until the property is sold—no gains; no deduction. And be careful about rolling over their eligible gains into a QOF within 180 days. The rules are complicated.

Use your simple tax credits first: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

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

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

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

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

J F Kennedy was 43 when he beat Nixon

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

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

Sec. Defense, former Boeing exec, OK paying too much for Boeing tanker for AF. Graft?

Mortgage approvals delayed by gov verification on hold; IRS, VA and FHA closed.

SCAMS/SPINS:

Deming Payne caught lying about fake $800,000 client redemptions. 3 mo suspension

Robert Kahn, MO; Andrew Schade, MI; John Wheeler, FL caught misleading clients.

VanEck Vectors BDC Income ETF (BIZD), charges 9.41% a year: you lost money?

Gary Basralian NJ caught stealing victim’s accident settlement money

Idealogs Coulter/Limbaugh cost us $25+ billions as Trump’s confessors

Trump to farmers: I’ll “make it easier” for some immigrants to come into the country.

GOP supports lifting sanctions on Putin friends: Trump rewards Russia for election win.

Trump, as dictator, puts 50,000 in slavery chains—says work without pay is good thing

Trump, as dictator, takes revenge on Dems: Pelosi secure flight cancelled: ‘stay here’

Trump, as dictator, lied about how many kids were separated: still don’t know where.

Lettuce growers begs FDA to come and inspect so no more die of  E.Coli

Flight-safety systems at risk with no inspectors & fewer TSA checks.

MetLife stole pension payments to 13,500 retirees claiming they were dead. No jail time.

PA state pension fund overpaid managers $1 billion in 2017—retirees lose; cronies win.

Sterling Jewelers caught opening charge acct without consent: owns ALL jewelers

Hyundai, Kia recall 168,000 for fuel leaks and fires and software

Brokers who might owe you an arbitration settlement or award --filed bankruptcy?

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

GOP can’t say “You’re fired” to The Boss because his voters will ‘kill’ them in 2020.

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.’

----------------------------------

Jobs:

Work for free: TSA and flight controllers and Coast Guard need replacements now.

Jobs that pay in health care: leader in job growth.

Nissan lays off 700 in MS

Who owns your account now?

Trump to take TX homeowner’s property: Is land like a gun 2^nd amendment?

ATT has been selling my location data and I didn’t get a cent. Past royalties?

Save money 18 ways: https://www.stretcher.com/stories/11/11jan17e.cfm?DS0114-1

Your investments are back to where they were last April and climbing.

WA cancels NRA insurance for killing people: illegal “to insure criminal activity."

Sears bought by Lampert for $5.2 billion

Miracle:

Bishops ‘forgot’ everything they learned about sex. Cardinal: I forgot sex abuses !!

A gymnastic milestone and a ’10’ to Make America Feel Good Again: Twitter

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Start $ million fund with low fees

Happy NEW Year—Mutual Fund Fees Fall

Vanguard cuts fees again as investors flee remaining “high-cost” managers. If you used the 30 year old 500 Index, your account went up over 12%. If you used an advisor, you probably saw 2% less. Two percent less every year you invest for retirement could cut your potential nest egg by 64%. Why? Miracle of Compounding works in reverse too. Unless your advisor is able to beat the market and the fees over time—and few have done it—you are only hurting yourself. Vanguard cut fees because we investors own Vanguard and as it drains the for-profit fund families, we benefit from ‘buying in bulk’. We go to Costco for the same reason. Fees are important as this young man told his father.

500 Index is one of the Vanguard Top 10: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Best New Year Resolution: Start Wealth ReserveTM Jan for $1 million later

Every retiree has told me they wish they had started investing earlier in their life because it is TIME and not brilliant money management that provided their best strategy.

The Miracle of Compounding earnings, interest and dividends every year turns $250 a month, $99,000 over time into $1 million. Each $250 is worth $2,525 later.

Many said they did not miss the $250 a month because they had it debited from their account automatically. They said they checked their 401k or IRA account only once a year. It always seemed to go up so they did not worry. Some just did not think about the account at all because they were saving for retirement and it was a long way off.

Give YOURSELF the gift that keeps on giving: https://www.amazon.com/Miracle-Compounding-Turn-$9-day-into-millions/dp/1470176513

Young investors bet against Trump election and lost 27%

Thinking the defensive market—gold and silver—would soar because Trump won young investors bought metal ETFs and sold bull market index ETF. The average performance of the five ETFs most favored by millennials since the election fell 27 percent. When we try to time the market with tactical trades, we turn into adrenaline junkies, choosing triple-levered oil ETFs and other products that have up to 14 times the volatility of the S&P 500 index as our preferred trading vehicles. Index up over 12%.

Leave your money alone to work: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Is your vehicle on the Consumer Reports Worst Brand listing?

The top two best carmakers ended up being Audi and Subaru respectively, followed by luxury brands Lexus, Porsche, and BMW as the definitive top five.

http://www.cheatsheet.com/automobiles/10-worst-car-brands-from-consumer-reports-2016-annual-report-card.html

Owner satisfaction survey shows most brands would be bought again except Fiat, Nissan and Infinity. http://www.consumerreports.org/car-reliability-owner-satisfaction/car-brands-ranked-by-satisfaction/

Used cars CR says you should never buy because they are unreliable and costly to repair: http://www.cheatsheet.com/automobiles/used-cars-consumer-reports-gave-the-never-buy-label.html

FREE tax preparation

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

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

Is a 3% HELOC right for you? Emergency fund?

Bills after Christmas are annoying so you might want to put yourself on a 1-year payment plan at low rates. Your home is your collateral for this “No closing cost” loan and tax deductible. This beats using credit card rates of 15-25%. It can be paid off early without penalty if you are due a big tax refund in April. Once you have secured the line of credit you could use it as your emergency fund. That way you don’t have to leave a big chunk of money in the bank at 0.01% as advisors recommend. Some even tell us to keep 9 months of pay in the bank. At the average income of $52,000, that means you are wasting $40,000 earning 0.01% in a bank instead of 10-12% or $800,000 from investments over your working life. Double pleasure: low rate pays off high rate loans and deductible.

Advisors have conflicts of interest: https://www.amazon.com/Unbiased-Advisors-Network-helps-tax-FREE/dp/1470106841

Why do we lack financial knowledge?

A 2015 study of financial literacy that covered adults in 148 different countries found that we rank 14th, just behind Singapore and the Czech Republic and slightly ahead of Estonia and Bhutan. Only 57% of the Americans surveyed could pass a basic financial literacy test. Even today, only 17 states require any form of personal financial education in high school, and it seems to have had little impact. Most high school seniors think the best way to save for retirement is with a savings account. We are taught to spend not save every minute watching TV. Fundamental concepts like compound interest are not covered in high school or college so that few know how to make $99,000 into $1 million. Financial firms use and encourage a lack of knowledge to take up to HALF our potential nest egg. https://www.amazon.com/Miracle-Compounding-Turn-$9-day-into-$millions/dp/1470176513

Can GOP cut medical and drug costs or just ration card our health care?

Now that one party controls the executive, legislative and judiciary branches of government, will they be able to fight off the lobbyists and make a better deal with medical and drug providers? A Senate investigation has just concluded that pharmaceutical companies have taken advantage of our health care system to “enrich themselves and their executives, harming patients and taxpayers.” Because Bush II made a bad deal with drug firms—not to negotiate the prices Medicare is charged—we are paying double what the rest of the world pays for our drugs. In one case, an off patent drug from the 50’s has gone from $40 to $38,000. Acthar is a chemical compound made in the lab for under $20. Yet the total Medicare spending on Acthar was $504 million last year. Trump and his Congress could make a “fantastic” new deal with druggists if they wanted to or they could restrict people from getting Acthar by cutting Medicare spending to make more nuclear weapons or build that Wall. The Supremes could side with people’s “health and happiness” if Acthar druggists fought price controls in court.

Which course will GOP take? Reject lobbyist money and cut the price or ration access?

Trump and Congress want to end regulation but prices are already out of control.

“Whatever I say is true; it is true because I say it”

President does own “research” on Infowars.com, breitbart.com/, Twitter, cable TV

He thinks we need more nuclear bombs but we have enough to kill everyone 3x.

He and Putin both want to Make America/Russia Great Again. With weapons.

            Vlady cons The Don just like Putin conned Bush II “"I looked the man in the eye. I found him to be very straightforward and trustworthy.”

He thinks China needs a shakeup.

            We need China to loan us the money to survive so spiting in the eye is not best move. Rather get them to buy N.Korea nuclear bombs.

            Donald Trump thanks himself for rising consumer confidence numbers. Takes credit for Sprint jobs announced last year.

            Other B.S. theories: that Hillary Clinton was helping run a child sex slave ring out of a D.C. pizza joint, as allegedly proven by code words in hacked Democratic emails. President Obama was born in Kenya. Millions of illegal votes were cast in the 2016 election. Our own intelligence community’s assessment that Russia hacked Democratic emails in order to help elect Trump is WRONG. Putin never hacked us. Russia tampered with vote tallies to help elect Trump. Vaccines cause autism so child outbreaks from no vaccinations are just govt myth. The share of Americans without health insurance has risen in the last five years even though 20 million more have ObamaCare. It is a disaster for 20 million who never had care before so it must be repealed so they can go back to hospital waiting rooms and wait.

Even our generals are scared of his habits.

“Mr. Trump is a potential disaster as commander-in-chief—uninformed, volatile, poor judgment,” says Barry McCaffrey, a retired four-star Army officer. “What he is saying is not based on facts: it’s based on immaturity, bad judgment and ignorance, and I think it’s going to be hard for people in uniform who are thoughtful about this, to vote for him,” adds retired general Merrill McPeak.

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

We are entering the Twilight Zone:

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

Rod Serling

  

THE DON’S 282 PROMISES

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

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

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

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

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

The Trump Presidential Style

Tweets misinformation all night

Revenge for social slights

Not much reading

*

Actual outcomes: (“So much for draining the swamp” He filled it again)

Trump goes after Energy employees who support climate change policy. Pink slips?

            Scientists with data receive death threats from Trumpers

CIA says Putin helped The Don get elected and tampered with the process. Trumpers say VP Cheney’s CIA was wrong about Saddam too. McConnell sides with Putin vs CIA.

China, which pays for most of our debt spending, is not happy with Trump already. China stole our drone from intl waters and Trump told them to keep it—CiC after Jan 20.

Carrier paid with IN tax credits to keep HALF jobs in Indy and Trump takes credit

            IN spent $24 million to keep jobs but lost 3,800—companies reneged!

            700 laid off workers will not be able to buy ObamaCare -- so lose twice.

            Is this what Putin would do? Force/pay owners to keep workers working!

            Carrier union rep gets threatening phone calls—kids in danger from Trumpers?

            Carrier parent UT gets $ billions from jet engine contract from US too!

            Crony capitalism—Palin does not like govt supporting business. Socialism?

Trump claimed Sprint was "going to be bringing 5,000 jobs back to the United States." Sprint, though, said in a statement that the jobs would be a mixture of new positions and others that were reinstated. SoftBank, which owns Sprint, said on Dec. 6 that the company had agreed to invest $50 billion and create 50,000 jobs here. 5,000 not 50,000.

Trump’s tariffs to stop outsourcing jobs will just raise prices for us as before.

Dems won by 2.9 million: GOP barred voters by closing sites, Greens took Clinton votes WI, PA MI. Clinton received more votes than any other presidential candidate in history.

            Comey gets payback—House approves plans for a new FBI headquarters

            New poll shows the Comey switch did the trick—Secret Police install dictator!

            Clinton email handling revived by DC court to recover 30,000 she deleted. 

The Don claims he won popular vote "if you deduct the millions of people who voted illegally", though he provided no evidence of widespread voter fraud. Recount is scam.

The Don disavows white supremacists as they give the Nazi Heil but may have one as advisor. He has two: Paladino makes death treat to Obama and racist remarks.

Don’s vigilantes attack non-whites: hate crimes up in NYC—Muslim cop assaulted. Muslim woman attacked as terrorist.

The Don thinks that maybe torture is not what the generals want.

The Don may believe in climate change by man but today it’s hoax like flat Earthers. He is spending to protect his FL golf palace from rising ocean.

            House committee on NASA says it pushes propaganda. “From next year, entire U.S. government is going to be in the hands of people who really don’t believe in the 'man-made global warming' scare story." Miami flooded is illusion? Coast mayors act?

The Don will “replace” ObamaCare immediately with something “terrific” that is “so much better, so much better, so much better.” 20 million people use ObamaCare. So why do more Trumpers sign up for ObamaCare if it will be gone Jan 20? $75 a month? McConnell, Senate, said to start repealing ObamaCare on Jan. 3 even with no replacement in sight, declaring that “surely” the GOP revision will wind up covering Americans better than Obamacare. He did not say how he will cover the 25 million six percent who has none. (GOP has used “voucher” tax credits to say they can cover everyone in America but a voucher is not coverage and 47% of Americans don’t pay tax so tax credits are meaningless to them.) Sign up extended to 12/19 due to high demand

Trump paid back students at his Trumped up U. $25 million and still made money. The Big Con failed.

Trump has NOT sued any woman who claimed he handled her as he promised. All 13!

Deportations: “get the people that are criminal and have criminal records, gang members, drug dealers, where a lot of these people, probably 2 million, it could be even 3 million, we are getting them out of our country or we are going to incarcerate.”

A Wall would be ineffective: Tunnels go under The Wall

Ford’s factory better. Tax cuts for rich/corporations mean no money for the wall.

Trump tried a wall in Scotland and sent the bill but failed—they just don’t pay the bill.

Giuliani paid millions by Mexican politician running anti-Trump platform in 2018. Wow

NATO EU UN defunding: Weakening NATO, EU and UN ties is Putin’s goal in regaining Russia’s superpower status. The Don has been flattered by KGB: no friend.

End of Iran deal would be ‘folly’ according to CIA Brennan. “Disaster” for proliferation. Iran just bought 80 Boeing planes using our loans so nuclear deal will NOT be cancelled.

Tax cuts: Single parents and large family will pay more—1%ers get 13% tax cut. 100 top CEOs will have pensions equal to all retirement accounts of 41% of all our families. 100 have more than 116 million people in retirement, according to a new report. No middle.

GOP plan to tax imports means all working people will pay more for most things. 

No cuts to Social Security: Congress and Don’s lieutenants plan age change and cuts. 

Cut taxes so econ grows: wealthy get most breaks and buy art with windfall

Economy is doing fine without cuts: Obama economy created 178,000 jobs in November, and the unemployment rate fell to 4.6% from 4.9% in October. 10 million new jobs under Obama.

Stop corporations sending profits (UNTAXED) overseas.

Stop government subsidies (socialism) to oil, gas, agribusiness, drug corporations: Exxon as Sec State and GOP lobbyists make promise unlikely. TX cancels funding for Medicaid leaving thousands of poor women without care. Subsidies for oil remain.

Reinstatement of the Glass-Steagall to keep speculation from consumer banks.  

Trump kids become national security advisors—get top-secret clearance. Giuliani claims “they can’t work in the government because of the government rule against nepotism.” But they can use the information in Trump’s companies and insider trading. Conflicts of interest range from Wall Street to Philippines and India.

Trump promised not to run businesses but continues as producer of Celebrity Apprentice confirmed for 2017. He can’t live on $400,000 a year so will need to be supported by his sons, wife’s and daughter’s businesses. Day to day they run them anyway and he knows his brand will bet HUGE boost worldwide. Postpones news on how conflicts handled.

Stop flow of jobs out of US but corp welfare was paid

Ford will still build $2 billion factory in Mexico but does not send KY jobs there yet.

Ford still move making Focus from Michigan to Mexico to keep Focus cheap.

Fiat building new factory for Jeep Compass in Toluca Mexico. Labor is ½ price.

Carrier agreed to keep 700 jobs in Indy—not furnaces. Taxpayer incentives given.

Trump’s deal “saves” less than half of the total jobs, for a subsidy from IN. Jobs still go to Mexico.

The Don will NOT show his tax returns or his birth certificate. He does not pay taxes: he claimed he lost money.

The Don’s slogan “lock her up” was just B.S.—a $20 tote that isn’t even made here.

The Don’s claim NYTimes is “a joke” was just BS--“I will say, The Times is, it’s a great, great American jewel. A world jewel.”

Promised to stop tweeting so much. Tweeting almost as much.

Promised to act presidential. Stop attacking individuals. Attacked Carrier union rep.

Promised to give up business. Linked business in hidden ownership no accountability. Sons will keep businesses and still head Apprentice.

The Don’s big bluff: what will be done has changed every day since election.

Obama’s rule giving overtime pay to 4.2 million US workers blocked. Trumpers lose

Propaganda wins: 82% middle-school students could not distinguish between an ad labeled “sponsored content” and a real news story.

“I’m going to bring down drug prices. I don’t like what’s happened with drug prices.”

            TIME names The Don ‘person of the year.’

The Don promises more government spending. “Well sometimes you have to prime the pump. So sometimes in order to get the jobs going and the country going.” Congress?  

The Don’s budget guy will help Ryan cut our social programs.

Tolerance is un-American now?

Even Genghis Khan, 1206, accepted Muslims fairly.

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

Regulators are the only protection against corporations since we can’t sue anymore

            “It is nearly impossible for one individual to take on a corporation with vast resources.”

               Supremes stop us from suing—State courts no longer available to sue corporations!

Wells Fargo, Wells Fargo Advisors caught misusing investors $60 millions.

Richard Cody, NJ, continued fraud on seniors even after broker suspension ruling. Check

Deutche Bank caught in mortgage mess fined $7.2B and Trump’s megaloans questioned

Emilio Francisco, PDC Capital, caught stealing from investors immigration scheme.

Hans Peter Black, Interinvest, failed to answer SEC complaint re: penny stock scheme.

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

GM killed 124 because ignition switch pin not replaced after knew it killed first in 2006.

Carl Icahn hired by The Don to let business pollute, destroy environment, make mess.

Police want gun control.

When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has one and shoot first. You and thief have guns. CO schools now allow teachers/administrators to carry guns in the classroom. Kid lesson! Since 2015, police have killed 86 people with realistic looking FAKE guns--suicide?

Why police shoot those who don’t lie down immediately—dementia, mental illness, etc.

            Caller said ‘man with gun’ so shot man w/o gun 9 times! Nine!

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

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

SCAMS: Missed delivery email scam—don’t respond; don’t click link. Call carrier.

IRS has new code on your W-2 to verify your tax prep is authentic.

IRS ‘agents’ (Caller ID "IRS-IMPORTANT") do NOT call you so just hang up.

            They don’t email, text message, or social media. Period.      

            Report contact at https://www.irs.gov/uac/report-phishing

Ignoramus Award: Exxon has already helped Congress give Putin a free pass.

How our government wastes our money

Home ownership at lowest level in 50 years: American Dream?

Clive Bundy still owes US a $1 million for using our land to feed his cattle. Seize bank account?

Where have all the jobs gone?

Tesla and Panasonic will begin production of solar cells next year at a plant in Buffalo, 

25 good paying jobs http://www.cheatsheet.com/money-career/the-25-best-jobs-in-2016-all-pay-at-least-70000.html/2/

Trump claimed Sprint was "going to be bringing 5,000 jobs back to the US. Actually reinstate the jobs.

Sears Kmart close 30 stores most in south—FL, KY—malls close: Amazon Digital Day

Who owns your account now?

Vanguard cuts fees again as investors flee remaining “high-cost” managers

Miracle: Putin, former KGB butcher, has a favorability rating from US. Up for GOP

Woman hikes 30 miles out of Grand Canyon snow to save her family and only loses toes.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts