Does your child know enough to invest for their future?

Does your child know enough to invest for their future?

High school students in 21 states must now take a personal finance course in order to graduate. Five states — Iowa, Kentucky, Mississippi, Ohio and South Carolina — added the prerequisite. One state, Florida, dropped its requirement. One in five American 15-year-olds doesn’t understand basic financial concepts like budgeting, borrowing costs, saving and compounding. Without some educational help, poor students had far less access to financial education, compared to wealthier students. “If you teach the kids,” one educator said, “you teach the parents.” Remember, SS benefits will be cut by 20% in 15 years. Kids must start SS benefit supplement TODAY.

From the 12^th Century: Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime.

Help your child: https://www.amazon.com/Wealth-every-school-graduate-knows-21-century/dp/1466427906

How to double your savings over time

The most important fact about saving money is compounding. Only the rich have learned this concept because they see how it works in their lives. Most of us don’t see it in our lives because we don’t think in terms of the outcome over time. Most of us experience the opposite of compound interest: debt. We don’t realize that we will have to pay about FOUR times the amount of a credit card debt IF we pay only the minimum required. If we pay the minimum on the average debt of $8,398, it will take us 20 years to pay it off. We will have spent about $30,000: $23,000 in interest. But if we invested that same minimum payment in a simple index fund and earned compounded interest over time, we would have $115,000. We could easily buy more stuff for that same $8,398. Long-term investing: put $250 per month ($3,000 a year) in a low-cost stock market index fund. It would grow to about $65,000 in 11 years: $33,000 + interest $32,000. Our savings can double in about 12 years IF we invest it--compounding the earnings every year. This is how the rich stay rich. Show your child how to double their savings.

Compounding: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Why did your advisor provide you with less than 31.5%?

Yes. You know why. In fact your fees resulted in 5 managers taking over $1 BILLION of your dollars last year. These unconscionable fees are especially notable, especially given only a third of the 15 managers on the top manager list beat the S&P 500 Index. And the same one does NOT do it every year. It also comes as the hedge fund industry has been grappling with closures and mediocre returns. Very few managers can beat the index over time. Buffett put his $1,000,000 bet on the Vanguard 500 Index when a manager with 5 different funds challenged him 10 years ago. Buffett advises the hedge fund crowd to avoid the 20% fees and use index funds like the gigantic pension funds. The manager and their firm need your fees to exist. Vanguard is owned by those that invest in Vanguard funds. There is no outside owner needing profits. Since no manager can beat the index consistently, you could be earning 11% a year instead of the average equity managed account earning you 3.79% over time. Can they tell which stocks will soar nest?

Professionals aren’t cost effective: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

Why most investors don’t need an annuity

Many investors are DIY investors—they have jettisoned their advisors since learning the John Bogle and Warren Buffett investment lessons: advisor costs detract from your earnings. Advisors and annuities can take up to HALF your earnings in fees and trading costs. Here are DIY's results for 2019. They are total return investors—selling shares equally across all 10 funds for their monthly RMD income in retirement. Some want protection from a down market and so they overweight Wellesley Income instead of buying an annuity: Wellesley’s 9.7% a year is not too bad to live on.

2019 Total Return Fund                    Long-term Return      Longevity

31.5% 500 Index                                             11.2% since 1976

13.2% Energy                                                    9.9% since 1984

28.0% Extended Market                                  10.7% since 1987

22.9% Health                                                   16.2% since 1984

31.4% International Growth                              10.6% since 1981

27.9% PRIMECAP                                         13.4% since 1984

27.4% Small Cap Index                                    10.6% since 1960

16.4% Wellesley Income                                    9.7% since 1970

30.4% Windsor                                                11.3% since 1958

29.0% Windsor II                                            10.7% since 1985

25.8% Average                                                11.4% *

            *Average Annual Returns as of 12/31/19.

Annuity alternative: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

Are cheap life insurance ‘upgrades’ right for you?

Your agent/broker/salesperson has 12 ways to ‘upgrade’ your policy once they have you talking. But are they just premium add-ons that cost you big dollars over time? Most premium increases are not needed: add-ons are cheap because they don’t add much value. For instance, paying more for a child rider so they can buy a policy later or cover death expenses is unnecessary. No parent wants death insurance and very few young adults are denied coverage. Do you really want to give your spouse a windfall because you die by accident? The chance of that is almost nil. You are better off buying a higher death benefit in a 10-year term policy than any rider. You may not even need life cover later.

Buy only what you need: https://www.amazon.com/Drop-Your-Insurance-Only-What/dp/1448623391

Is life insurance a good alternative to the Stretch IRA estate plan?

Advisors are coming up with ways to get your IRA to your heirs after you’re gone. Life insurance has always been a favorite since it pays much more commissions than the previous Stretch IRA plan. But does a lump sum death benefit to your kids or grandkids really address your concerns about taxation and spendthrift beneficiaries? What are viable alternatives to the Stretch which allow a bene to take the RMDs over their lifetimes instead of at once or over 10 years? Each situation is different so you may need a more elaborate plan with an estate attorney than you had before. Perhaps time will provide additional choices. Lifetime gifting may be our best choice.

https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

File for the quickest refund FREE

If you meet certain criteria and have your documents already, federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/. Another site has no income/forms restrictions: https://www.creditkarma.com/tax. The software helps you avoid common mistakes before you file. Even if you make a tiny mistake, the IRS usually catches it without penalty. I have used most of these programs for years even though my income is above the limits. Most charge nothing for the federal and state. Some charge only $12.95 for the state. For 2019, six states have kept the health mandate tax if you don’t have health care cover so that state return may get complicated. Once you file your first year, your previous years’ data is there and pre-fills your forms: Saves a lot of time and money. Try it before you spend $200-300 at a for-profit preparer. No refund due? File to keep your ID from scammers. Your W-2 should be sent to you by Jan 31 according to IRS. Your refund can be in your direct deposit account in 10 days. Check mobile: IRS2Go within 24 hours after IRS receives your e-filed return for status.

Plan now for a Tax FREE retirement: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300 

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

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

“…all of his tormentors are being whacked.” He can’t be indicted for crimes now.

It’s "all about politics, not justice"

Trump tells prosecutors NO JAIL for his confidence man Stone.

Trump—Judge and Jury: I “cannot allow this miscarriage of justice.”

Even Barr says: Trump is obstructing justice with his tweets

Trump: F***You, Barr. I have “the legal right” to intervene. 

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

We pay Trump $650 a night to ‘guard’ his clubs plus $ millions for kids who could pay own SS.

Utah national monuments to be drilled by his friends for oil gas coal open grazing: sacred ground?

We pay $millions to buy phone data about our movements, activity, from spy firms.      

Trump tax breaks: cut $130B to Medicare $292B food stamp/Medicaid $70B disabled.

Trump going after the current and future SS disabled to pay for new space wars.

SS benefits cut by 20% in 15 years.

SCAMS/SPINS:

Lobbyists were dining the Trump mob so much they could not do their jobs: sloppy law- writing.

Attorney General Barr wants US to buy EU tech firm for its own 5G system: US socialism?

After promising "to produce phenomenal health care" 2 months ago, Trump gives up. ‘

Trump missed his morning elixir so he rehired Hope Hicks as the ‘prince’s liaison.

Dr Trump: coronavirus just ‘miraculously’ go away—sure, when deficit’s vanish.

BEWARE: Info at ‘local-looking websites’ offer fake news: ‘Trust but verify’

Tesla says get update Autopilot BEFORE you put your life in hands of a bad computer.

Tesla recalls 15,000 Model X SUVs for power steering failures

E-cigarette Juul bought adverts on Nickelodeon, Cartoon Network: MA sues to stop.

United Healthcare: limit seniors’ access to less expensive versions of Medicare drugs 

KS sending poor with medical debt to jail

Criterion Wealth Management Insurance Services caught taking hidden kickbacks

Ronald Leger MA caught selling $2.5 million unregistered 'life settlement' securities.

Elias Herbert Hafen CT caught stealing $1.6 million as promised invest in own account

AARP caught receiving payment from United Healthcare for Medigap plans

25% of prescriptions cost less WITHOUT using insurance 

MO state wants to protect bad product owners from suits after they kill/injure people.

Balance transfer trap: 0% rate 21 mo/ 5% fee; VIG 26.24% after. Mafia charges less!

Mob rule in the ‘banana republic’

Which cash fund will win American presidency? Election for sale to highest media spender.

Fox tells Trump’s voter: Stone is victim of Mueller probe which was Dem fantasy Putin control.

School bullies channeling Mobster attacks on Hispanic, black and Muslim people.

Company secretly collecting billions of pictures of children/women in name of protecting them.

Too late to do any good: Credit monitoring service charges fees for notices 24 days later!

Myth: filing tax return in April avoids an audit: IRS too busy to pick yours is myth.

Jobs

Biden to voter: “You’re a lying dog-faced pony soldier,” drawing laughter from crowd??

Is Uncle Joe done? I get no answer to my question about what his ‘joke’ above means.

Tim Kaine of Virginia for Dems’ POTUS nominee?

Aflac moved to Belfast: 150 jobs

Who owns your account now?

Best movies since 1976: Only time can tell which ones are YOUR best.

Which insurer is best at taking care of your car body when it gets hurt?

T-Mobile edged closer to a takeover of Sprint: judge approved

Fountain Financial Associates to Captrust Financial Advisors

Miracle:

January was hottest in 141 years of records. Takes miracle to convince deniers.

Antarctica’s Trinity Peninsula hit 65 F on Thursday: highest ever! Glaciers retreat!

Some Iraqis never saw snow: now they stare at the snow NYC used to get.

Pope is fallible: reverses course on Amazon married priests! It’s all politics.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

Don't miss these changes

Changes to retirement plan law require some re-thinking

The Secure Act raises the age for required minimum distributions to 72 beginning in 2020. It also removes the age limit for contributions to traditional IRAs beginning in 2020. This 2019 legislation does not affect the rules for 2019. If you’re at least 70½ in 2019, you must take a required minimum distribution. And you’re not allowed to make contributions to your traditional IRA for 2019 after age 70½. Put them into 2020 and beyond. You can add to IRA all your home health payments, grants, fellowship, stipends and awards. For those who don’t save: “IRA holders can use money in their account for child birth and adoption cost without penalty,” The bad news is that insurers can now sell annuities to employers so they won’t have any responsibility when your retirement income loses buying power.

Annuity alternatives: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

How did your advisor do this year?

Over the years my clients have been serious long-term investors. They have taught me how they have become wealthy. Many are now in retirement and have picked funds that have ended up with fine returns. Most have been rewarded by using the buy and hold strategy over 10, 20 and 30 years. I have shared their experience and my own with others who consider me their ‘money coach.’ Most are DIY investors—they have jettisoned their advisors since learning the John Bogle and Warren Buffett investment lessons: costs detract from market index. Here are the results for 2019. They are total return investors—selling shares equally across all 10 funds for their monthly RMD income. Some want protection from a down market and so they overweight Wellesley Income instead of buying an annuity: Wellesley’s 9.7% a year not too bad to live on.

2019 Total Return Fund                    Long-term Return      Longevity

31.0% 500 Index                                             10.7% since 1976

11.9% Energy                                                    9.7% since 1984

28.0% Extended Market                                  10.7% since 1987

23.0% Health                                                   16.1% since 1984

30.4% International Growth                              10.5% since 1981

27.9% PRIMECAP                                         13.4% since 1984

27.5% Small Cap Index                                    10.7% since 1960

16.2% Wellesley Income                                    9.7% since 1970

30.0% Windsor                                                11.3% since 1958

28.6% Windsor II                                            10.7% since 1985

25.5% Average                                                11.3% *

            *Average Annual Returns as of 12/31/9.

10 Funds for all seasons: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Govt will take your legacy if your heirs don’t withdraw and pay taxes in 10 years.

Under new law, Further Consolidated Appropriations Act, 2020, leaving our IRA to children or grandchildren will require your heirs or beneficiary to withdraw and pay taxes (perhaps higher rate) within 10 years not their lifetimes. Even the tax-FREE Roth account would be required to be eliminated as an estate planning tool since it must be cleaned out in 10 years. Thus, if you were planning to leave a lifelong legacy to your family members or others, you must rethink it. We all may be changing our IRA beneficiary designation to a trust which may require an attorney fee ‘legacy.’ Some of us must change our plan now while others may want to wait to see if another solution comes in 2021. We had planned to use the IRA and Roth IRA for the ‘stretch’ strategy: our beneficiary would be allowed to take annual income but allow the stocks/bonds to grow during the rest of our child’s lifetime—perhaps 40 years. Now it appears that the wealthy who already have a family trust will keep avoiding their fair share and we will have to subsidize the tax-avoiders. For example, the beneficiary of $1 million accounts could withdraw roughly $33,000 a year over 30 years under current rules; however, that changes to $100,000 a year under new rules. Clearly the middle class would be hit with higher taxes on the compressed withdrawal period. Trusts set up like Romney’s can help avoid taxes.

We subsidize their tax-advantages: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Save on taxes BEFORE Dec 31

1. Reduce reportable income by contributing $19,000 in a 401(k) plan this year or, if you’re age 50 or older, $25,000. Check with your HR. Traditional IRA deductions are still useful up to $6,000 ($7,000 for over 50) by April 15 2020. Double Deductions for Married Filing Jointly. 2. Pay forward charity or medical expenses to take the itemized over the standard ($12,000 $24,000 married). 3. Sell that dog of a stock you own. Admit you made a mistake and use the loss up to $3,000 against income. 4. If you had a bad year in business, pay forward any new expenses/supplies and take a bigger loss against other income. Verify with your accountant.

Use the Trump tax shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300/

Is the new rage ‘direct-indexing’ right for you?

Wall Street has tired of ETF and wants to market stocks with the ‘index’ label. What is it? It is a ‘buy and hold’ strategy of stocks they pick for you. Sounds like the old strategy because it is: an investor can own a personal index that owns however many stocks they want, optimized to track that index within a certain band of tolerance. “An investor can customize a portfolio to fit their beliefs, customize it to their personal employment situation (to avoid concentration) and tax loss harvest.” You can do this yourself but who has the time to research and track ‘many’ stocks. As one blogger said: “I see the next $1 billion, $10 billion, $100 billion financial advisor opportunity.” They can’t make any money on low-cost ETFs or mutual funds, so advisors are going back to ‘personal’ portfolio selection. But can an advisor really beat the IVV or 500 Index? Which advisor can produce over 30% this year and 11% a year over time? By the time you find out (trial and error) your earnings will be the average managed-account return of 3.79%.

Take Buffett’s advice: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

Why does the stock market return 11% so consistently?

This year your portfolio cemented a love of indexing at over 30%. You did not have to buy and sell the stocks others recommended. You could just sit back and feel good. Turns out the market total return has provided 11% a year over a long time: Check the returns over time (1971-2018: 11.83%).  http://www.moneychimp.com/features/market_cagr.htm

DALBAR’s Quantitative Analysis of Investor Behavior (QAIB) shows those who try to beat the index earn just 3.79% over 30 years. In fact, during every period, advisor-managed accounts ALWAYS provided LESS than the index. For every period, 1900, 1910, 1920, 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010 till today, we could have earned over 11%. Of course these returns do not subtract inflation but when we accumulate wealth, we don’t spend our portfolio so inflation is not taken into account.

$250/month compounded in the market (11%) over our working lives of 35 years equals $1.2 million. Advisor-managed compounding (3.79%) provides $220,000.

Cut advisor trading: https://www.amazon.com/DIY-Financial-Independence-Freedom-Workbook/dp/1088908500

New Year financial resolutions

Start a 529 college plan with tax savings and growth. Four state plans anyone can use have the highest ratings from funds analyst Morningstar. The top four plans, which earned gold ratings, were direct-to-investor plans issued by Illinois, Virginia, Utah and California. California’s plan was upgraded to gold from a silver rating by the analysts because it plans to adopt progressive glide paths in its age-based portfolios starting in 2020.

End paying for loans from your ‘cash value’ life insurance. If you have a policy with loans, you may be paying for something that is no longer providing a benefit to you or heirs. People are living longer and have other assets for a legacy. When you can’t keep up the loan payments (loan repayments compound) and annual premiums, it is time to ‘cut bait.’ You could reduce the death benefit or cash out (with huge tax bill: loan interest is NOT deductible). You may not need coverage anymore. Usually that need ends with grown children and working spouse. Former premiums can buy an emergency fund or pay all debts. Cash out in the year your income drops.

Alternatives: https://www.amazon.com/Longevity-Insurance-right-better-alternatives/dp/1482031434

How to block the MS new browser from your computer

Since many of us do not use the Microsoft browser—the one that comes with Win 10—we might not want MS to push another version of their ‘chromium’ Edge on us. It will come with a new update and you can follow these instructions to keep it out of your hair. https://lifehacker.com/how-to-keep-microsoft-from-installing-edge-chromium-o-1840481536

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

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

Stock market: new highs on mobster indictment

Even evangelicals are having second thoughts

I could “shoot someone and I wouldn't lose voters”

Only 50% of Americans think Trump violated our democracy

Court Collusion: American Senate in “total coordination” with Trump

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

GOP ex-gov KY pardons 400 including rapists on losing to DEM.

Trump has replaced 187 judges so far: GOP bias changes our lives for 60 years.

Making war in space: Trump starts new arms race: Darth Vader is back!

Trump to allow slaughterhouses to self-inspect: Just like Boeing: people die!

Trump allows foreign objects (steel, plastic, rubber) into speeded food processors.

GOP allows industry to ‘regulate’ itself: Boeing, GM kill us, kids shred their guts.

Toy manufacturers are killing our kids: Safety Commission under industry $ thumb.

SCAMS/SPINS:

NJ Dem converts: gives “undying support” to The Party Leader: Kool-Aid

House votes to repeal SALT cap but wealthy already found loophole.

Voter Suppression Key To GOP Battleground Efforts: Trump CREEP official

How GOP gets rid of DEM voters’ names from county records. Money talks.

GA GOP installs hack-able voting machines to secure GOP candidates

Trump will debate DEMs Putin-style: Moderators are in his control/employ

Trump will pardon ALL his co-conspirators: today it’s Stone

Germany didn’t call ‘concentration camps’ concentration camps either: ‘Detention’

Broker/advisor really doesn’t ‘watch your back’: new rule makes them tell the truth.

Keith Springer caught defrauding radio clients of $ millions retirement money.

Relative in trouble scam: works every time because they have family details we gave up.

WATCH out: GM cars without steering wheels: computer glitch run you down?

Your ‘handwritten’ card/letter is really a robo writer: can’t believe anything written now.

Great cars for under 10K. Worst resale values poor quality: Best deals on 2020 rides.

Who owns your account?

Average credit score: up to 682 but debt up too. Our spending keeps economy growing.

Esurance brand (Allstate) is over: rebrand Allstate online 2020.

Cigna Corp. life and disability to New York Life

NJ is now converting photo ID to ‘real’ ID with * so I can get on airplane: another fee!

Jobs

US Steel MI layoff 1,545:

New Form W-4 withholding amounts not allowances: https://www.irs.gov/pub/irs-pdf/fw4.pdf

U.S. Bank’s 3,700 branches will cut teller coordinator & assistant branch manager jobs.

We stopped earning fair share of productivity gains 1979: Computer-based games begin

Miracle:

What global warming looks like for 2019: Fire and Ice and killing our old trees

House Passes Temporary Repeal of $10,000 SALT Deduction Limit

PA Roman Church pays $84 million to 564 victims of sexual abuse: some get free pass.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

How to get your 401k to $100 million

How to get your 401k to $100 million

Obviously, we’re not talking about your 401(k) plan. There are limits to how much you can contribute to a typical 401(k) plan each year. But there are a few workarounds that the rich know about and participate in regularly. The best way to take full advantage of a 401(k) plan is to be self-employed. If your wife is an employee of your business, then each can contribute of up to $56,000. That’s $112,000 for the two of you. The full amount of the contribution will be tax-deductible to your business. $112,000 every year is a big tax deduction. Meanwhile, the investment income accumulating within the plan is tax-deferred. Also a Roth 401(k) allows you to hedge against future higher tax rates–a not unlikely prospect given the 2019 $1 trillion federal budget deficit. With a Roth 401(k) contribution, you’re paying your taxes now, at today’s comparatively low rates. Later when you take your retirement money, you can take it tax-FREE or let it grow. Roth distributions are NOT subject to RMD withdrawal rules. Great for your legacy.

Use your tax shelter now: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Why we can’t afford retirement anymore

A new study shows the average compensation of CEOs in the largest firms was $16.3 million in 2014, up 3.9% since 2013 and 54.3% since the recovery began in 2009. More impressively, from 1978 to 2014, inflation-adjusted CEO compensation increased 997%, a rise almost double stock market growth and substantially greater than the painfully slow 10.9% growth in a typical worker’s annual compensation over the same period. So, the CEO-to-worker compensation ratio was 303-to-1 in 2014, lower than the 376-to-1 ratio in 2000 but far higher than the 20-to-1 in 1965 and any time in the 1960s, 1970s, 1980s, or 1990s. Our taxes went up while theirs went down: More of us pay 32.9% compared with less than 20% that the wealthy pay. As Buffett pointed out, he pays only 17.7% with no tax shelter. Corporations like Apple, Google, Amazon, Boeing, and GE have overseas shelters to hide their incomes. So 2/3rds of all businesses pay $0 tax. Plus we taxpayers must subsidize many profitable businesses like oil, gas, agribusiness, air carriers, energy etc. Many aren’t even American. It is time for the wealthy to contribute to this society like they once did. We need a tax shelter too. The American Dream is fading.

Use your tax-free account: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

How much is $20 worth in retirement?

It is hard to visualize how quickly your money can grow when you invest in the stock market using a low-cost index fund. In a simple stock index fund like Vanguard’s 500 Index, your 401k contribution of $20 per week can grow to $400,000 by the time you need it. In 500 businesses, your $20 a week produces dividends and increases in value over time. You don’t see it in the first year but it is clear in this chart, which can be translated into a picture of what you will have in the future. When you receive a 401k company match, you can double your money for FREE. When you allow a person, be it an advisor/broker/agent to take 2% in fees and market timing, you give up about HALF what you could have had. That is because the average investor using a managed account earns just 3.79% over time instead of the S&P 500 index 11%. Using a low-cost index fund with no income taxes, you can count on more for later even when you can’t see it.

Use the Buffett strategy: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Why doctors prescribe higher-cost drugs than equivalents

Over half of all US doctors get money from pharma each year. Is it any wonder that we have a drug addiction problem in America? Drug makers and medical device makers are still spending between $2.1 billion and $2.2 billion a year to woo doctors into prescribing and using their products, according to a new investigation by ProPublica. Between 2014 and 2018, more than 600,000 of the approximately 1.1 million doctors in the US received at least one payment from industry in any given year. Thanks to ObamaCare, we know the payments were for things including speaking fees, consulting, meals, gifts, travel, and royalties. While thousands of doctors have made $100,000 or more, more than 2,500 received $500,000 or more in the five-year period—and those payments do not include royalties. More than 700 received at least $1 million. Our doctor may make more as a drug pusher than as a healer. Is it any wonder millions have become addicts?

Check out your doc: https://openpaymentsdata.cms.gov/

Why we need one size fits all health care coverage

People are so confused about the costs covered by their health insurance that they're avoiding medical treatment. Polygenius survey found that 27% of respondents avoided medical care or treatment because they were unsure of what their insurance covered. The annual survey found that more than 85% of respondents didn't know the basic benefits that health insurance plans must cover under the Affordable Care Act, up from 80% in 2018 and 78% in 2017. "The survey data suggest the reason people avoid care is because they don't fully understand their insurance coverage and would rather avoid a surprise bill.” For example: my provider ‘group’ sent me a bill for part of my colonoscopy. I sent them a copy of the ACA regs since I fought a bill last time and didn’t pay a dime. Didn’t matter, they put the bill to their collectors. I finally wrote the CEO of my insurer asking him to fix it. His office called and I gave them the number of the provider ‘group’ billing located in another state. They got through and Karen of ‘group’ admitted I was right and she would cancel the collection. Most people are NOT in the business and don’t know about free screening tests: that is what the ‘professional groups’ are counting on to take more money from us. Last time, a surprise bill from a guy I never interviewed for my test sent me a bill. I just sent it back and he gave up. The ‘group’ never heard of him either. Scammers know Trump will not defend ACA so they know they will not be caught/jailed

Know what you’re buying: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Is an ‘online installment loan’ right for you?

Remember the bad headlines for the ‘payday lending’ industry? Many alternative credit providers soon began generating the bulk of their revenue from installment rather than payday loans. Yet the shift came with a major consequence for borrowers. By changing how customers repaid their debts, subprime lenders were able to partly circumvent growing regulatory efforts intended to prevent families from falling into debt traps built on exorbitant fees and endless renewals. Instead, families in need can borrow more than $2500 for longer periods up to 60 months. Of course, once trapped, families pay rates between 34% and 155%. Payday lenders are now better off with larger balances and more revenue than ever before the regs. Lenders pray on those hit by medical bills or a job loss. The surging popularity of online installment loans, combined with a growing ability to tap into big data to better screen customers, has helped boost the fortunes of many subprime lenders. The Trump administration’s decision earlier this year to delay and potentially weaken planned restrictions on payday lending that were announced in 2016 has also bolstered the industry’s outlook. Trump loves debt—he never pays his.

Avoid the Trump debt trap: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

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

Like 1776, this period is a test of democracy—do we really want a Tzar as prez?

Elijah Cummings: We are in a fight for the soul of our democracy.

Gen “John Kelly can’t handle the genius of our great President.”

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

Trump gift to wealthy raises deficit 26%: Sending gift to tax havens: no new factories

“It feels like a horror movie”: Republicans feel anxious and adrift defending Trump.

Trump to pay the national debt of $23 Trillion: “I’m renegotiating all of our deals,…”

Trump is special!!: only 4 POTUS impeachment votes in history—end in sight.

Trump to shut govt to shut impeachment process: No hearing hall; no impeachment!

US president using high-level diplomacy to advance his personal political interests.

Trump ends ACA: states can opt for policies charging more for pre-existing; junk cover

Keystone Pipeline leak in North Dakota was shut down after about 383,000 gallons of oil

SCAMS/SPINS:

Trump offers pardon to Giuliani’s associates who collected foreign money for election?

Trump gets award for his ‘justice’?

al-Baghdadi raid: Trump tells Putin before Congress “to keep it secret.”

Senior Living Satisfaction Study: Life Care Services wins

Senior scams by lawyers, caregivers, insurers, advisors, relatives, etc

Driverless cars could actually lead to more traffic congestion

Handless car doors can kill: Doors don’t open for firemen without fop in burning hand

Sounds good, BUT Auto-braking does not work on all cars: check yours or drive self

Ram Recalls 107,898 Diesel Pickups Due to a Fire Risk

Where are the ‘middle-class’ tax benefits?: Most benefits floated to the Top 1%

And the Top wants more: World's Most Expensive Bank Limits Staff Water To Cut Costs

Stuart Nichols, AL caught churning clients for fees: ignored hearing so defrocked

Sellers of 403 457 school pensions caught high fees/deceptive sales SEC review brokers

James Edward Lyons caught selling oil gas MLP without approval: lost $3.2 million

Ronald J. Knight NY Life caught cheating reimbursement forms: defrocked

MIT caught overcharging own employees in 401k fees $18 million

Cindy Chiellini Ricky Mantei caught selling structured CDs no super. complaints

Jay Ledford caught stealing $345 million in Ponzi was sentenced to 14 years

Trump can’t even go to game: Vets for impeach; fans yell “lock him up” and booos

46% of US are still fooled by this con man: are we stupid or just dangerously desperate?

Ivanka thinks father treated poorly like Thomas Jefferson: Trump had slave children?

Congress subpoenas can be ignored: is that for everyone or just the Czar’s Chosen Few?

Jobs

Good thing robots don’t run your company: CEO/senior management is first expense cut

When everyone has a gun, the police don’t know who to shoot: Shoot--ask questions later

JPMorgan plans to move hundreds of New York-based credit-risk jobs to Plano Texas

Walgreens will shutter nearly 40% of the clinics in its stores as it cuts costs

IRS: employers can stop giving insurance for employees: instead pay workers to buy TrumpCare

Keep working longer hour--avoid wasted time at store: Amazon delivers grocery free with Prime

Trump got his own personal pastor: recruits evangelicals for political work

Boy scouts raising member fee to $60: covers sex abuse by adults but the adults pay only $36

Who owns your account now?

We lose over 50 benefits if Trump cancels ObamaCare: GOP will keep their govt plans

Payday lenders raising money for Trump’s campaign to fend off regulation

Fiat Chrysler and Peugeot owner PSA are in merger talks: Jeeps made in French Guiana?

Morningstar upgraded its ratings on nine 529 college savings plans; 8 plans downgraded

Miracle:

Another coal miner Murray bankrupt despite Trump cancels environmental regulations.

Wildfire prep kit: https://www.latimes.com/california/story/2019-10-28/california-wildfires-how-to-prepare

TB vaccine "It could save more than 600,000 lives per year" Phase 3 trials early stages. 

Man who never paid taxes and proud of it leaves NYC: Moving TrumpTower to Moscow

IAN

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