Your new tax bracket is 22% down
from 25%
in 2017
If your total combined income is
$100,000, you may get a
break come April 2019. That assumes you don’t have property tax over
$10,000 and don’t have kids. We are losing the SALT benefit and our personal
exemptions of $4,050 each. That may be offset by the $24,000
standard deduction. What can you do with this change? If you are near or in
retirement, you could convert IRA money to Roth IRA money. Our rates goes back
up in 2026. Convert $10,000 of IRA money, pay an extra $2,200 April 2019, then
spend an extra
$30,000 tax-FREE in about 10 years from stock funds. So for each year you
convert $10,000 and invest it in a stock index fund, you could end up with much
more. Plus, you will have reduced your RMD each year because your $10,000’s
growth is outside the IRA in a tax-Free account. Bonus: with an extra $1
Trillion debt, our taxes will have to go up soon.
Use your Tax-Shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
Do you know where your retirement
assets are?
Forbes estimates up to 30% of pension
accounts may be missing. You can get help finding your money from the Labor
Department or nonprofit pension counseling centers funded by the Department of
Health and Human Services. Check the databases of bankrupt corporations to
track down your retirement plans. First, email the firm if it is still around.
Second, ask the investment company who held the 401(k). If your old 401(k) was
at Fidelity or Vanguard, your IRA is likely at the same company. Third, try the
DOL: https://www.askebsa.dol.gov/AbandonedPlanSearch/
and the https://www.pbgc.gov/workers-retirees.
Get help from special regional organizations: http://www.pensionrights.org/find-help.
You can try http://www.missingmoney.com/.
I followed a lead from a Google
search of the bankruptcy story of my old employer. Turns out they had hired
John Hancock to pass out the money as monthly annuity checks.
Will you have enough money in
retirement?
Do you plan to live to be age 100?
Check your life expectancy here https://www.bankrate.com/calculators/retirement/life-age-expectancy-calculator.aspx
Since your number assumes half the
folks will die before and half after this age, shouldn’t you prepare to live
longer? Most people don’t want to think or plan for life longer than 1-2 years
from now, but in financial terms, we must plan because saving and investing for
the future assumes we will have the time to make a change. It is time that
allows assets to grow so we have enough money to last as long as we live.
Retired clients are concerned they will not be able to afford life. Planning
helps deal with the worry yet few want to face death so they don’t plan. First,
check your Social Security benefits at https://www.ssa.gov/benefits/retirement/estimator.html.
You have started your Plan. I show clients what they can do with $100,000
invested in a diversified portfolio for 10, 15 and 20 years. I ask if they can
afford NOT to plan.
GOP refuses to protect Russian
election-meddling investigation by DOJ
McConnell refuses to put bill on
defending investigation to vote. Trump has tweeted he won’t attack DOJ deputy
and investigator. GOP understands that Trump
has always been truthful and could never be guilty of conspiracy against
America, just like Manafort and Flynn. This is a vote of confidence in prez
and GOP
wants to impede the investigation as much as possible because they assume
Trump has something to hide. That is why he fired FBI director Comey and FBI
deputies McCabe and Yates. It will be too late to take action once Trump fires
Rosenstein and Mueller. But Mueller handed off money laundering, bank fraud,
wire fraud, and other charges to another GOP—NY Fed prosecutor. Trump and his
mob will not escape by firing DOJ investigators. Pardons
may not work in NY.
Our Reps need Mueller report to act
against Trump unless he postpones election 2018.
Regulators don’t stop financial
services fraud
Trump
cuts our protections. Are you a victim of your sales person?
The affinity fraud exploits the
trust and friendship that exists in religious communities, senior citizen
groups, military service members, ethnic groups and other communities.
Fraudsters ask for an upfront
payment in order to perform or execute a deal. fraudsters could use
official-sounding e-mail addresses that end in .gov, .mil, or fed.us to fool us.
Binary options contract where the
buyer bets on whether an asset's price will rise or fall within a time frame.
Check yours: https://www.smartcheck.gov/videos.
High-yield fraud includes an
unlicensed individual convincing an investor that an
unregistered investment can produce a high-yield with little to no risk.
Internet
And Social Media Fraud happens when we are manipulated by criminals.
Microcap fraud is when a low-price
stock is heavily promoted to carry out other schemes, like pump-and-dump.
Criminals fake buys and media hype then sell leaving us with loss.
IPO: Fraudsters offer investors a
false opportunity to buy initial public offering shares before the company goes
public.
The pyramid scheme relies on new
investors to pay old investors with bogus gains. A multilevel marketing program
is where earnings are based on the amount of sales. A pyramid scheme is an
illegal practice. Multilevel is just hype unless you are top recruiter.
Prime Bank and Prime World
Bank investments do not exist. They are all scam fronts.
Promissory notes: Swindlers
recruit independent life insurance agents, who are not licensed to sell
securities, to sell the notes for a commission. Hype is high fixed rate.
More scams and frauds on
Americans not protected by our government.
Rely on the Vanguard Top Ten: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
****************
Make America, “The Don” Great
Again
FBI
finds answers in ‘The Don’s’ consigliere’s office/home/hotel
(Dictators often have delusion they themselves ARE their
country)
Putin’s influence: Manafort,
Flynn, Gates, Page, Stone, Papadopoulos, Sater, Zwaan jailed,
Prince,
Jr,
Jared,
Sessions,
Cohen, etc
“The
election is going to be rigged—I’m going to be ‘honest’”
Could Trump postpone Nov 2018
election using excuse of Putin meddling needs fixing?
(Dictators in some countries start their régimes that way!)
************************
How Govt wastes our money: Congress
spends $1.3 Trillion we don’t have!
We bought EPA head a $43,000
phone booth in his OFFICE—sinking
into swamp.
SCAMS:
Trump
drowning GOP in the swamp: Will
Congress cut out the cancer or be consumed?
Alcohol
makers deny link to breast cancer just like cig and coal makers to lung.
Donor-class
starting to switch sides? GOP backers move money to Dems. See trends.
Jared
lied again on rent-controlled apts to avoid regs: Public record is easy to
see.
The
Don lied on tape regarding his wealth to improve image: Never ends!
Jobs:
When
teachers carry guns bad things can happen: if a child dies, town goes bankrupt.
WH
staff has been black-balled for future jobs: lay
down in ‘dirt’, get fleas. I like dogs.
Fixer to
replace Cohen: political legal experience
with mob, intimidation, fraud, slime,
Who owns your account now?
Can we trust Ari
Melber to explain the legal case against POTUS?
Miracle:
Gorsuch
and Supremes slow Trump’s deportation police of non criminals
Livery
driver shot 8 times and saved by immediate police help
IAN
41 Watchung Plaza, B242
973.746.2014
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