Can you really secure your retirement income?

 

Another way the wealthy fail to pay their fair share

Conservation easement tax deduction is intended to keep pristine environmental beauty alive for all of us. Instead lobbyists are paid to stop Congress from killing this loophole. Congress people are paid to allow this concept for huge gains to continue. The wealth avoided $9.2 billion in taxes in 2018. Some pay nothing; others pay 3.4%. The IRS admitted it has not been able to stop the misuse of the loophole. In some cases a group of rich investors buys a useless property and gets an appraiser to up the potential value so that “easement deductions exceed 2.5 times” the amount paid. Closing this loophole would generate $12 billion in additional tax revenue through 2027 according to the OMB. A simple example of this taxpayer rip off is the one created by Trump. After he bought his mansion in Westchester, he claimed a huge tax deduction for the trees in his front yard. Trump received a tax break of $21.1 million, according to court documents. New York is now investigating this scheme. Trump claims the value of his forest will be a lot more when the next owner builds and sells 24 mansions in its place. There is no evidence of this future use for the forest. We pay the taxes that the wealthy fail to pay.

Use your tax-FREE account: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

 

Help your child, grandchild get started on a $1 million fund

They will need a million dollars since inflation can reduce the buying power by 50% in just 20 years. Since common stocks have the best history of keeping ahead of inflation, a broad portfolio has the best chance of delivering steady returns. Since 1871 a basket of stocks (dividends reinvested) has provided 11% returns. Ordinary inflation is 3% not 8.6%, so right now stocks are cheap. If you show your family that an 11% long-term return can turn $250 a month into $1,000,000 in about 34 years, they will not be try to beat the market with fast trades through a $0 commission broker. Show them the math: $250 per month for 34 years costs $102,000 in contributions. They earn $898,000 in dividends and capital gains. If they use their special IRS tax-FREE account, they avoid about $225,000 in taxes when they take their money out to live on. Remind them that Warren Buffett bet a million dollars on a low-cost market index fund to beat 5 super stock pickers. Buffett recommends you use the Vanguard 500 Index Fund. Why? You can give up 63% of your returns when you use a broker. And if they trade to beat the market they may end up with the historical broker account average of 3.79% not 11% a year. That’s $208,865 instead of $1,021,768 after 34 years.

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

 

Why your advisor is outsourcing your investment needs

Advisors Are Outsourcing Investment Management: more time to find more fees/charges. Such is the story from your RIA sales person. Your advisor is in the sales business—attracting new assets. In our recent research, we found that more than two-thirds of advisors surveyed believe outsourcing gave them more time to spend on client relationships, client service, and business development. So your money will end up in 4,000 investment models from nearly 500 institutional asset managers. This means your advisor will charge you to pay someone else to stick your money in a set portfolio. They will ask you to fill in a long form and come up with a risk/reward ratio. That’s it. You will pay your advisor and the money manager both for life. This is why some analysts have determined that your fees can take up to 63% of your potential final net worth. This is why the average managed portfolio earns just 3.79% not the index fund rate of 11% over time. No advisor or money manager can beat a simple stock market index account. Those that do, have a lucky run for a short time.

Stop wasting your money: https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

 

 

Can you really secure your retirement income?

Some sales people claim you can do this by buying and holding gold and silver. But precious metals only hold value during high inflation times during some periods. Over time they earn much less than stocks. There are insurance sales folks who claim 70% of American seniors will need long-term care. This statistic is misleading since promoters are counting all the times seniors need short-term care at home and in facilities covered by Medicare. Some bankers want to give you money for your home now and let you stay in your home till you die. Of course you still need to maintain it and pay the property taxes on it. Reverse mortgage costs more than some traditional mortgages. When the reverse mortgage amount runs out, you have no home equity to tap into. Another sales proposition says you can increase your net worth 6 times by having someone else manage your money. Yet the firm that tracks money managers says your account grows at only 3.79% a year compared with leaving your money in a simple stock index fund earning 11%. Unfortunately, those who manage your money take their pay from your funds even when they lose your money. They may make the wrong trades at the wrong time, called churning. There are no refunds for bad advisor advice.

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

 

Fight inflation by saving on your financials

Save on your insurance, securities, mutual funds, banking, credit cards and recurring expenses. Most of us forget to review our recurring expenses to make sure we have the best deal or continuing need for products/services we bought before. I have shopped for car, home and umbrella liability insurance every two years or so. Why? Every time I shop I save. Carriers change marketing plans or I don’t need the same coverage. I am older and so are our vehicles. I have not made claims because I raised my deductibles and so I pay less. I don’t trade securities but when I buy individual issues or mutual funds, I use a no cost or low-cost firm. I moved my business bank when they raised the minimum needed for no monthly fees. I got rid of all my high-rate credit cards. I earned $600 by using new ones with a bonus. I dropped the more expensive cable package when Verizon raised the cost. I wasn’t using Netflix anymore so I cancelled. Same with data wireless plan I was not using completely. Now I pay as I go. I got my town tax assessor to lower our property taxes. I make sure I use all of my tax credits—small businesses, IRA deductions, charity, medical and educational. I am saving about $3,000 a year which I add to my IRA deduction. I still clip coupons on groceries or buy direct from honest sellers. I buy used books and electronic media. My money-back guarantee credit card saves me from fraud.

https://www.amazon.com/Financial-Bargain-Book-Save-3000/dp/1517264936

 

Retirees’ incomes get killed with inflation

Retiree households had an estimated median income of just $29,000 before taxes in 2019, according to Transamerica. Even worse, just over 1 in 4 retiree households — 27% — reported an income of less than $25,000. Retirees are sacrificing food and clothes to afford healthcare. Out-of-pocket health costs for elders in the U.S. rose 41% from 2009 to 2019. Some pawn heirlooms to survive. Waitlists of renters needing affordable housing continue to grow. Usually only Social Security benefits increase with inflation. If you will depend on bank savings, a fixed pension or annuity, the new inflation squeeze will hurt. You can estimate what your situation will be with a Monte Carlo calculator like Vanguard’s https://retirementplans.vanguard.com/VGApp/pe/pubeducation/ calculators/RetirementNestEggCalc.jsf. You can estimate your total savings accumulation using Vanguard’s Save for Retirement calculator: https://vanguard. newkirkone.com/plansavings/?cbdForceDomain=true#. If you are in a savings plan at work or are on your own with an IRA, use the Roth IRA option so you grow a nest egg that provides a tax-FREE retirement income. Despite the present stock market downturn, stocks are one of the few investment options that can out run inflation long term. Using this retirement account will boost your income by 12-22%. "Cash is not a safe investment because it will be taxed by inflation." Ray Dalio, hedge fund manager.

Tax-FREE income: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Strategies to overcome a bear market

If you believe the stock market is headed for a period of reduced returns, consider these strategies recommended by past successful gurus. Consider your investment behavior if your portfolio drops another 20%. Adjust your allocation accordingly.  Asset allocation can lean away from growth stocks to dividend stocks. Stay diversified: energy, high dividend, real estate and utilities usually offer temporary protection from the Fall. Always use “dollar cost averaging” to invest or move from one fund to another. With a fixed amount, you buy more shares when prices are lower and less when high. Keep track of fees. When earnings are low or negative, the industry does NOT stop taking their fees: double whammy. Over a lifetime of investing, “you may give up 63% of what you would have had.” Use only low-fee financial help.  Bears eventually end and usually recoup losses in a year. Most investors miss the time to jump back in: timing does not work for most. 10 best days of the stock market account for 80% of the rise. I have not looked at my statement for 6 months. I’m buying the biggest losers of the year right now.

https://www.amazon.com/Snoring-Best-Way-Create-Wealth/dp/1466408928

 

 

?**********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 Dems

 

Trump had become “detached from reality”

 

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

 

Trump used mafia intimidation on defenseless

 

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

 

Trump’s Supremes end personal rights: state laws except for weapons WMDs

 

 

Nov 8 2022 Trump’s “national revolution”

 

 

 

How Govt wastes our money:

Trump’s terrorists could have killed Pence: Pence called military help from escape route

Airlines got $Billions free to keep crews employed: CEOs not crews got the money

Politics trumps justice: Jan 6 committee not sending witness statements to DOJustice

 

US Justice focus: Ukraine not Trump’s attempted coup: Garland prosecutes Russians

 

“There just isn’t a lot of legislative time left.” July: Congress vac Aug then election

Supremes cancel church state separation: state tuition to religious schools constitutional!

Supremes cancel right to sue police for ignoring Miranda warnings: induced confessions

 

Supremes cancel police concern: too many guns on the street are a threat to public safety

None of Founders carried gun around city: Burr Hamilton had to leave city to shoot guns.

 

Despite $ billions in subsidies we pay them, oil refineries closing: EU uses small cars

Refunds: 21 million paper tax returns are still waiting: rich don’t overpay, no waiting

Half of Retirees Now Owe Taxes on Social Security: use a tax-FREE retirement account

 

Gun violence bill: nothing on guns: states get money to spend on ….

Uvalde lesson: teachers must shoot the terrorist to protect kids: coward’s suicide event

Most attacks over before police arrive: HALF leave scene before: 1/3 shot by cops

New body armor rules in NY miss vest worn by Buffalo killer: terrorists armor still OK

 

How will police know shooter if everyone has a gun? Of 433 attacks, only 12 good guys got him

 

SCAMS/SPINS:

Teachers leaving to avoid teaching culture war ideology: race, sex, politic are facts of life

Apple staff going to union shop: Jobs used to give stock and lunch

Uvalde police did have rifles and shields early: some cops got their kids out 

 

Supremes prove political focus: pro-Trump anti-women   Prejudiced court not American

Supremes decide to arm the rest of the US: 25 states already don’t require permit to carry

 

TX kept many slaves in irons after Juneteenth despite Civil War. Now redlining evictions

TX rejects Biden, Trump wins 2020: TX will vote to secede: rejects Fed subsidies

GOP co-conspirators in coup:  Gohmert, Gaetz, Perry, Biggs, Brooks asked for pardons!

 

TX massacre was plan of God: “God always has a plan,” the TX top lawyer replied.

MO GOP: “Join the shotgun crew. Get a RINO hunting permit. There’s no bagging limit”

 

New scams: genetic tests, Apple phone, IRS call, family plea, Amazon security, shut off

Philly eviction help: mediation process requires landlord to respond

Geoffrey Palmer, CA caught failure to return rent security deposit 19,000: fine no jail

Recall: Toyota, Subaru recall EVs: wheels fall off

 

HelloFresh caught “17 free meals” scam to debit account forever

“Buy now, pay later” scams caught overcharging for long term debt

Soaring medical debt: middle class squeeze: lose job; lose coverage: hospitals sue

 

Google caught paying men more than 15,500 women: 30% of fine goes to attorneys

Crypto dealers close out withdrawals: you could lose your assets

Congress lets these companies follow your transactions/decisions/lifestyle: files on you

 

Putin is kidnapping, exiling Ukrainians to Russia after bombing them out of house/home.

 

GOP vision: no oil/gas subsidies, guns over children, no abnormals, original Constitution

2024 GOP Fake electors vs accurate popular vote: American vs Russian-style vote count

 

Jobs

Many are using this market disruption to find a new job, new start, new life

Waitlists of renters needing affordable housing continue to grow.

Newark launches search engine to help renters find housing they can afford

 

Lifeguards needed everywhere: pandemic, certification stopped, pay lags many other jobs

 

Who owns your account now?

FREE money: bonus cards up to $750 on travel, $2-300 cash

"Cash is not a safe investment because it will be taxed by inflation." Ray Dalio

Wealthy pass on wealth without taxation: all the legal accounts they need to avoid tax

 

Waiting for 8% on bank CDs: inflation times like the 80s were great for saving for home

 

Miracles:

DNA of Black Death victim 1338 shows location: Kyrgyzstan: kills 200 million 

June 17, 1972, an inept burglary (tape on lock) GOP destroyed American innocence

Our next delivery trucks/bikes: 15 mph with 440 lbs

 

Many coastal cities are sinking even faster than sea levels are rising: Miami garages

Excessive heat on the train tracks caused a BART train to derail 

Garage-sized reactor could provide limitless energy: wealthy avoid PSE

 

A laser that can stay on forever: medical, industrial, holography, bar-code scanners

Exercise pill:  “slow down osteoporosis, heart disease or other conditions.”

 

Lose weight by cutting sleep oxygen: hypoxia cuts appetite and burns more calories

Diagnose Alzheimer's disease in a single scan: therapy to control their symptoms

Supremes open up NYC subways to Wild wild West style gunfights in tunnels, platforms

 

 

 

@

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

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

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!

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.

 

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/

 

Is the 8.1% annuity right for you?

Advisors caught charging extra fees for virus

Advisors and brokers may be charging excessive fees, offering conflicted advice and even engaging in fraud to make up for revenue lost during the Covid shutdown, according to a new, wide-ranging risk alert the Securities and Exchange Commission issued for both the industry and investors. SEC noted three areas of concern: Advisory fee calculation errors, including valuation issues that result in over-billing of advisory fees. Inaccurate calculations of tiered fees, including failure to provide breakpoints and aggregate household accounts. Failures to refund prepaid fees for terminated accounts. Firm owners are squeezing salespeople due to the virus. Regulators see advisors making questionable rollover recommendations, transfers to advised accounts and investments in products that pay the firm or advisor more. Some advisors are taking loans from investors and clients. Supervisors are not stopping some advisors pushing more volatile securities. Advisors working from home have delayed responses.

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

IRS collection letter—IRS never opened their mail

If you mailed your tax return and or check in March or later, you may receive a default notice from the IRS. The IRS stopped opening their mail in March and hasn’t caught up yet. So if you get a letter saying you owe taxes and interest and penalties, don’t panic. Someone at the IRS knows they goofed and did not stop the automatic collection letters from going out. Usually there are 3 letters over months. You can try to call the IRS and ask that they place a hold on further collection actions to give them time to find your check. Generally, the hold can be for eight weeks. The phone number to call is in the top right-hand corner of the letter you received. Anticipate lengthy hold times; they are receiving lots of calls at this time. Congress has been cutting IRS staff for many years. Our Washington reps don’t know how bad it is: our reps do not actually call the IRS. As of August 14, the IRS acknowledged their problem but they may still ask for penalties. Make an appointment to visit their local office if needed.

Go tax-free next: https://www.amazon.com/Your-Tax-FREE-Account-IRS-approved-shelter/dp/153735292X

Wish you had bought Apple, Amazon, Microsoft, Google, Facebook?

These stocks have raced ahead during the pandemic. People needed phones, stuff, internet, cloud and information to work at home. Amazon stock has doubled in a year. Many people own these market leaders. In fact they have owned them for years and their accounts have soared—31% in 2019 alone. Many of my fellow investors did not pay commissions or extra fees to buy these stocks. Some have paid as little as 0.04%. We did not use an expensive advisor who could have taken over 50% of our earnings over time. We know that brokers, advisors and analysts cannot predict which stocks will double. We followed Warren Buffett’s advice. We use his strategy to own the winners. Over time we have earned about 11%. Our money doubles every 7 years.

Buy and hold the winners: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Congress allows Trump to remove mail-sorting machines to delay citizen votes

Trump admits it—smoking gun. Post office will NOT be able to process our mail-in votes and so the vote count will be delayed. Delayed vote is a Trump vote as USPS told 46 states recently. Only one Congress person took action on this! Sorting machines are still off line and mail piling up. Mail-in votes will miss deadlines. Once the vote count is delayed, Trump will get a decision from Supremes just like Bush got from Scalia. Our votes will not be counted—GOP’s judges will decide for a GOP win, again. Right-wing dictators have done this many times. Once they have placed many biased judges and Supremes in the judiciary system, there is no higher authority in our society. Voting, dominated by misinformation and actual suppression (late ballots never get counted), becomes an exercise in propaganda—just for show like Belarus. Right-wing judges decide elections. The power elite will enjoy more tax cuts and social benefits. The middle-class is shrinking everywhere. Many jobless will not care to vote.

Socialism for the rich: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Is a 401k loan right for you?

Folks with an alternative are NOT using their retirement money for a temporary infusion of cash during the virus downturn. An emergency fund became a real life saver for most. According to recent research, few are taking advantage of the special penalty waiver: The CARES Act allows qualified individuals to borrow up to $100,000 from qualified plans such as 401(k)s, 403(b)s and IRAs without penalty. Borrowers, however, would be required to pay taxes on these distributions ratably over three years. As a last resort, participants (29%) said they would dip into their retirement account. 27% said they would stop contributions to their retirement savings, 26% said they would borrow from a friend or family and 26% said they would max out their credit cards. The research found that only 8% have taken money out of their workplace retirement savings accounts and 10% stopped contributions to their accounts. Workers in the airline, entertainment and manufacturing industries were the most likely borrowers. Unfortunately, retirement accounts provide the best way to use the miracle of compounding to assure we have enough retirement income. It takes 3-5 times the cash to make up for the compounding effect over time, depending on age.

Keep compounding: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

Is the 8.1% annuity right for you?

An annuity sales company is promoting the “Highest Annual Return” of over 8% with a “purchase bonus of 13%.” Most of us know this deal is not possible in the current interest rate environment. So what’s the story? Well, the claims are made up from some dubious assumptions and tricks of financial accounting. Contracts are complex. I found one insurance company that offers a deal close to the one promoted. To get such an annuity requires a long-term commitment on your part. You will pay a surrender charge if you need your cash before the 10 years vesting period. You don’t earn the bonus without waiting a number of years. You may not earn anything in some years since the rate is determined separately each year despite locking up your cash. You “participate in stock market gains without any downside risk.” They offer no actual policy example on the site. You must provide your personal information so they can put you on their call list. They offer two testimonials which violate the NAIC model regulations. They mislead us since they do not relate to the specific annuity promoted.

Income & Growth option: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

Financially independent folks live the Simple Financial Life

The Simple Financial Life consists of five actions. You don't have to be wealthy or a genius to become financially independent. This book will show you how to live the Simple Financial Life: Use only 3 mutual funds to reach ALL your financial goals. Use the best tax shelter: no taxes ever and it's FREE. Protect your family and assets with your Wealth Reserve. Borrow from your own 'bank' to pay for large purchases. Stop wasting $3,000 or more on the financial products you now own. Manage your investments in 15 minutes per quarter. Buy whatever you need at a discount. Practice the FIVE actions for financial freedom. It’s never too late to start.

Start now: https://www.amazon.com/Simple-Financial-Life-not-paycheck-paycheck/dp/1441499326

What is this new form from my advisor?

Form CRS is a compliance form the regulators think we should read since they expect us to do their job. It says we should ask our advisor to disclose all of their conflicts of interest since regulators don’t do that. Since all firms must deliver this general form to their customers, we actually don’t learn a thing about our advisor or firm’s practice. We don’t know how much they get paid and which and how much their suppliers are paying them legally and under the table. Instead of the SEC requiring firms to print all the costs of their services on our statements and confirms they want us to dig this info out by ourselves. Many advisors report that we are not quizzing them on the important stuff like commissions, kickbacks, bonus pay, sales contests and vendor relationships as the SEC planned. Unless your advisor is a fiduciary, sworn to provide the “best” solution for your situation, your firm is not going to divulge this information on their own. Trump killed the “fiduciary duty” rule for salespeople as soon as he took office. Even when advisors treat us badly, they are answerable only to their own firm’s “self-regulatory” body—FINRA. Usually the firm can hide the misdeeds behind a process that lets them erase the theft or deception from the public. Even if you win the FINRA hearing, it is hard to collect the fines. Firms can then let the advisor move to another firm. Very few are defrocked and go to jail. We are not allowed to sue our firm or advisor.

Use the fiduciary rule yourself: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275/

Scammers take unemployed for $millions in MLM schemes

$79 gets you a starter kit to your ‘road to riches.’ Selling a miracle cure or face cream or diet supplement, you can live off the profits of the distributors you recruited. Sounds like a better job than the one you left. The underbelly of entrepreneurship is mostly a scam. Minorities and women are the targets for “multilevel marketing” firms. 99% of those who try, lose money. Why? They are desperate—especially now. The pitch comes in all flavors. Celebrities sell the concept and the owners keep the profits. Internet social media carries the message for pennies per sale. Doctored photos, false claims, and unproven remedies: there is no end to the creativity of scammers. The regulators don’t have the will or budget to stop them. You may remember our president tried a similar scam with his Trump University. He promised to share his real estate secrets. Some paid $20,000. The head of our education department, Ms DeVos, is heir to MLM Amway. Protect yourself.

Learn the signs: https://www.amazon.com/Money-Scams-2014-insurance-financial/dp/1505437962

How to overcome fear of market volatility

You need a complete plan that is focused on the long term: what are your goals; how are you going to get there. You need to learn how to use compounding and a tax-free account. You need to protect your portfolio using diversification of assets and low-cost strategies. Know your biases. If you like to “play the market,” keep a certain amount for that purpose. Separate your assets into short, medium and long-term piles of money. Since no advisor or TV commentator can predict market moves, don’t listen to them. Find an unbiased advisor—one that does not sell financials—like Warren Buffett.

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

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

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

Philly DA: we have an “authoritarian dictator."

Dictator: Late mail-in vote is invalid vote

Dictator: air pollution is allowed again

Dictator: Drillers can destroy Alaska beauty

Dictator got elected with enemy help: aid and comfort

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

Trump has PO remove mail boxes from streets 671 sorting machines to suppress vote

PO: “they are not to reconnect/reinstall machines that have previously been disconnected

Trump sends troops to Poland to prop up another dictator: costly move of Army Corps

Fed keeps printing money to help wealthy earn more while Main Street loses stores

When does the gov take a cut of the sale of private property? Trump’s Socialism

SCAMS/SPINS:

CA restores 30 round mags for more mass shootings: “right to bear arms”= kill many of us?

Trumper’s take Hillary eating kids’ brains seriously: Crazy theories grab lost souls: in Congress

GOP proves Trump election was a fraud: foreigners supplied chaos, money, inside info

GOP: Kilimnik, a longtime partner of Manafort, was as a Russian intelligence officer. Proof

FBI lied: Carter Page, Trumper, worked for both CIA and Russia: FBI taped double agent!

Trump: QAnon conspiracy theorists 'like me very much' and 'love our country': Earth flat too.

WH propaganda: election can’t be fair if Trump loses: trouble ahead: GOP courts decide prez

Kanye West, Political Pawn: why does this smart Black man let himself be used by the racists?

Our future? Belarusan protesters are still trying to oust their leader after disputed election results.

TD Bank caught using deceptive and abusive practices selling overdraft: Debit Card Advance

SCF Investment Advisors CA caught selling more expensive funds 12b-1 fees to SCF: fines

SCAM: forgot to cash a check; unpaid bill; phishing texts on everything: Call vendor first

SCAM: phony pink slip; fake virus test result; fake video meeting; Don’t click—call first

Companies’ auto-renew: you get no warning so you must cancel separately

Romance revenge: posted his credit card data online: change the locks too.

MyPillow guy/doctor prescribes botanical extract: housing sec Carson get Trump to favor scam

School open: Children May Carry Coronavirus at High Levels not Trump’s "virtually immune"

Remington Arms uses bankruptcy to avoid Sandy Hook school massacre liability for 26 deaths

Steve Bannon caught stealing $1 million from donation for boss’s WALL. 7^th Trumper felon  

FOX NEWS STAFFERS FEEL TRAPPED IN THE TRUMP CULT

Holding up the mail, even by a gov official (Trump), is punishable by 5 years. He’s still at it.

Mail still not on time: PO head claims he stopped delaying mail but big Trump ally

Dem Fat Cats cut demand To End Fossil Fuel Subsidies from party platform: Lobbyists $$ win!

Is it a scam?  Check AARP scamline 877.908.3360. Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Jobs

AZ school district teachers/staff call in sick: district can’t open

Zillow agent profiles represent the most useful source of information.

Jobs fade: mortgage delinquencies rise: worker emergency fund

CEO compensation at top 350 firms grew 14% to $21.3 million on average: workers wait

Who owns your account now?

Student loan repayment options: Virus-impacted income or not, re-do terms. 

Used car best buys from CR: $5-20,000

Taxpayers can submit Form 1040-X electronically with commercial tax-filing software.

Eviction notice? Contact county government for advice before trying a lawyer

Miracle:

Arctic tundra is burning: Fire Radiative Power 5 times July 2019 level. 

Death Valley hit 130 degrees at 3:41 p.m. Sunday: highest on Earth; CA burns

Alaska beauty lost: Trump allows drilling in Alaska’s Arctic National Wildlife Refuge

3 men kidnapped my dog, on camera: police arrested the men and I got my dog back safe.

A dent in Earth's magnetic field could pose a risk to spacecraft and satellites and cell use.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Do income annuities really provide a “Worry-Free Retirement?”

Do income annuities really provide a “Worry-Free Retirement?”

Here is the claim: an income annuity provides insurance against outliving assets and not having sufficient spending power late in retirement. Income annuities are actuarial bonds. They provide longevity protection that is unavailable with traditional bonds. Retirees receive the bond yield curve plus mortality credits. Annuities increase risk capacity because the retiree's lifestyle is less vulnerable to a market downturn. Also, distributions from the stock portfolio can be lessened, reducing sequence risk and helping to preserve the investment portfolio. For those with a family history of long life, you will be assured of having some income for the rest of your life. You benefit from other annuitants’ short lives. However, this strategy is hardly ‘worry-free’ because 1. how much annuity to buy, 2. when to buy, 3. what about inflation: it reduces HALF the buying power of the benefit in 20 years, 4. how much for a later legacy, 5. there is no upside potential and no large asset in case of emergency needs, 6. annuities are non-refundable, 7. you forgo the total return of a stock portfolio—no dividends and no capital appreciation. Yes, annuities last for your lifetime but spending power and assets decline over time.

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

Even part-time self-employment can improve your situation

IRS just gave us the new rates in 2020. The Self-employed use many tax benefits not available to most mortals. For example, for tax year 1995, Trump claimed a $916 million LOSS that could have allowed him to legally avoid paying federal income taxes for up to 18 years. He and his accountants created the $1 billion paper loss by claiming business losses. Your business loss can offset your other family incomes like his did. Your business can even fund your retirement nest egg and still show a ‘loss’ on paper. You can deduct the cost of improvements (new tools, truck), meals for employees (family), your (QBI) rental real estate, routine maintenance, etc like corporations do. Most corporations pay no federal income tax. You can even claim part of your home and its property taxes. Also you can use these elections post-year end to achieve a desired tax result. You can pay your employees (family) as contractors and avoid some taxes and forms too. Some IRS changes hurt; some help.

Plan for tax increases: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300/

Our Attorney General told to find dirt for 2020 election

Trump pushed the Australian prime minister during a recent telephone call to help Attorney General William P. Barr gather information for a Justice Department inquiry that Mr. Trump hopes will discredit the Mueller report. If Trump can Bribe Ukraine for investigation of Biden then we won’t be surprised if he encourages other countries to buy adverts in Facebook and other media to present Fake News for the 2020 election. Trump has Barr working Europe to dig dirt. Trump has McConnell stocking the courts with his disciples so he will win any lawsuit against him in the future. Trump has ‘moved’ to FL to assure safety in this GOP state. Even the Supremes may be asked to keep his tax returns from a legal investigation. This sounds like a right turn in American ‘democracy.’ There is hope in a new FoxNews poll that has voters choosing Hillary Clinton over Trump and she isn’t even running.

https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Trump tax cut has cost $ Trillions with no economic expansion

Last quarter economic growth of 1.9% is a far cry from the “4 percent, 5 percent and even 6 percent” growth rates that Trump once promised to deliver. Every time the GOP controls Washington, they promise the tax cuts that will be paid for by more growth. This is like the gambler who takes the family paycheck and promises that this week they will win the lottery. Thanks to both a tax cut that did not deliver growth and a trade war that backfired, most Wall Street economists believe manufacturing is already in recession. Even steel plants, which were supposed to be among the biggest beneficiaries of Trump’s tariff strategy, are shuttering. Since most of us got little out of Trump’s massive tax cuts, we must prepare for the coming tax increases. GOP used to care about deficits.

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

Is no-cost trading right for you?

Many brokerage firms are trying to get us to trade securities at no cost. But is this strategy working for you? A simple low-cost market index account is up over 24% so far. Even with no trading costs, can you really do better? How many market timers and special situations have beaten the market? Does your statement show the benchmark for comparison? Most don’t show your YTD total return number side-by-side with index. So how do you know how well your 1-2% fee strategy is doing over time? Most of us don’t take the advice of one of greatest investors, Warren Buffett: "The stock market is a device for transferring money from the IMPATIENT to the PATIENT."

Wait for the money to come to you: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Is your broker predicting bad returns in the future?

Morgan Stanley sees the market returns ‘tumbling’ in the future. Goldman sees no recession. Whose crystal ball do you believe? The analysts see the U.K. having the highest return potential for equities, followed by emerging-market shares. However, if UK is locked out of the EU by closing all borders, how can that happen? Is it even possible to predict the future? And if your broker can predict the future, what makes them think the UK is solid? Are you going to bet the ranch on your sales person who earns a living by thought persuasion? Predicting doom is easy since most of us are optimists and aren’t going to sell all for CDs. Is it more likely that a broad exposure to most of the markets will provide your best chance of positive 9% returns? Are you going to keep your money in 2% CDs for 10 years? Really? How will you know when to buy again?

Go with the best low-cost funds: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

What does one of the greatest investors recommend?

Buffett bet $1 million that his recommended investment—just one simple fund—would beat a Wall Street guru with 5 different strategies. Active money management does not help you more than it helps its manager. Buffett says: “A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money.” So why don’t more people take his advice: everyone thinks they are smarter than the market and can find the needle in the haystack. Over and over research shows you can’t. Most investors earn just 3.79% not the market index return of 11% over time.

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

Looking for a trustworthy broker?

All the advice articles, including my own, suggest you do a search of complaints at the self-regulation organization called FINRA. However, its BrokerCheck does not have all the bad news and troubled past of many brokers. Those who have problems move to another firm and state and have their records expunged. Take a recent example: First Standard Financial was a registered investment advisor recently caught for unauthorized, unsuitable, excessive trading. It was notorious for hiring bad brokers who joined with questionable past activity and many customer complaints. The owner of First Standard is Carmine Anthony Berardi. His securities record has no listings for his 11 years in the business: https://brokercheck.finra.org/individual/summary/4879362#timelineSection. First Standard worked out of offices in New Jersey even though Carmine acts as chief compliance officer from Garden City NY. New Jersey shut down First Standard and froze its assets after finding its agents raked in more than $28.7 million through “pervasive unauthorized, unsuitable and excessive trading.” Potential customers would have no idea they would suffer under the brokers from this firm. You would have had to do exhaustive due diligence to find the true record of brokers like Andre Pierre Davis and William Christian Gennity who worked at First Standard. https://stockbrokerfraud.com/tag/first-standard-financial-company-llc/ Note that this malfeasance has gone on a long time and only now has First Standard in NJ been stopped. Customers will have to wait a long time if ever for their money back. You are better off with Warren Buffett as your advisor.

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

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

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

“I don’t like the Democrats, but Trump is destroying the Republic!”

FoxNews Poll: Clinton 43%; Trump 41% and Clinton isn’t even running. Void 2016 election?

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

Trump’s WALL is being cut open: smugglers know no boundaries—saws made in US.

GOP increases debt over $23 Trillion with wealthy tax breaks: rate: 17.7% vs our 32.9%

Trump keeps collecting EVERY phone/text message we make: wouldn’t stop 2^nd 9/11.

Trump’s financial regulators warned of shadow banks risky mortgage writing pre-crisis.

Trump keeps polluting our water with coal ash, mercury and arsenic for pol donations.

Trump to send troops into Mexico to ‘wage war’: History repeats US endless wars

Trump eases rules for sale of AR 15 to highest bidders around the world: terriorists?

SCAMS/SPINS:

Justin Amaral, MorganStanley caught churning (“rebalancing”) clients: defrocked

First Standard Financial caught unauthorized, unsuitable, excessive trading: bad brokers

BEWARE: ETF ‘free trading’ means you pay another way: “Wall Street not UNICEF”

Linan Abrego Merrill caught misappropriated client funds: defrocked.

Bolton Securities, MA caught overcharging fees: self-dealing 12b-1 fees

Early retirement can accelerate the usual rate of cognitive decline: Less interaction too

Living in especially noisy areas are at a 30% higher risk of stroke with increased severity

WOW Self-driving car that killed AZ woman 2018 wasn’t programmed to recognize pedestrians!

Fake Social Security and IRS agent scammers lead the theft industry: Ask to call back!

Financial advisors may use ‘testimonials’ like Amazon allows fake reviews: who to trust?

United Healthcare caught fine for denial of customers’ claims for mental health care.

GPB Capital Holding caught $1.8 billion Ponzi, frauds, fake co. 8%, PP etc: FBI SEC

Merrill Lynch and Raymond James caught overcharging 529 college plan fees: no jail

Schwab: I always “hated commissions” but he can always go back when he needs money.

Trump caught using money raised in 2016 vets fundraiser to pay campaign expenses

Trump to privatize national park campgrounds: marine industry to run and raise rates

Trump’s lieutenant Parnas thrown under bus: Giuliani strong-arm to Ukraine detailed

Trump undermines “good order and discipline”; military morale: pardon for war crimes 

Trump counting on GOP’s Supremes to keep his tax secrets from the law

Trump Jr reveals whistleblower secret despite law against it: Jr not a congressman--jail?

Jobs

Trump making New York City Great Again: His staff and WH staff to save FL for GOP

Trump at the NYC UFC fights gets “Lock him up” and booos from his ‘base.’

Trump had told the Bevin rally crowd on Monday. "You can't let that happen to me!"

Trump is beaten by any Dem in national polls: KY VA suburbanites woke up for Dems

Trump’s lawyer Giuliani lawyered up with 3 as his mob indicted: impeach details.

Trump’s ‘Deep Throat’ tells story of madman in WH: How to thwart mob boss.

Who owns your account now?

JPMorganChase tests new health plan on employees in 2 states: see cost before service!

Access to your 401k 403b got easier in hardship cases: IRS left it up to employer

401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500

FL Blue ObamaCare customers access to Lyft rides as part of the benefits package!

Health care scammers have upper hand with hospitals, etc: fail to fend off cyber attacks.

CVS delivers first meds by drone to front yard in Cary NC. UPS to avoid airline paths.

Rating quality of health plans on ACA ObamaCare’s marketplaces not complete.

Mutual fund ratings to include fees so harder for managers to get Morning’s Gold Silver

Miracle:

Rubio thinks Catholicism can save capitalism: “social doctrine does not get lot of attention.”

“World scientists’ warning of a climate emergency,” as America becomes a “mafia state.”

Kansas City rejects Martin Luther King Jr street sign in black areas. 

IAN

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Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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