What can you do with your bankrupt stock?

Will we pay higher taxes to continue subsidizing the rich?

Even Wall Street execs know that taxes will go up to cover the debt Trump created with the 2017 tax breaks. Finance billionaires benefited more than just about anyone from President Donald Trump’s massive tax cuts. “Taxes have to go up -- and it will go up at the upper end,” Leon Cooperman, the outspoken hedge fund veteran. The 2017 law slashed corporate rates to 21% from 35%. That has since helped the nation’s biggest banks churn out record profits and given a boost to rich Americans despite Trump’s promise that they “will not be gaining at all.”

Quit paying for their taxes: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Is this socialism or capitalism?

Government subsidizes food products so big farms always have profits

Gov gives tax money every year to oil, gas and mining companies Bonus year 2020

Gov gives tax money to wealthy farmers NOT to grow food

Gov gives tax money to wealthy Congress people who claim as ‘farmers’

Gov gives cheap loans to huge companies to make profit on sales worldwide

Gov gives subsidies to banks (even foreign) to assure them of profits

Gov gives tax money to bailout financial firms that made bad gambling bets

Gov gives tax money to any industry that has lobbyists to help elect our Reps

Gov allows certain Reps to use insider information from job to profit

Gov helps the most profitable companies: they have lobbyists who guide Reps

Which Gov uses tax money to enrich the rich? Russia, China or America?

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

Will Trump cut SS benefits to cover his 2017 tax break deficits?

Social Security and Medicare would be on the chopping block in a second Trump term. Pointing to rising deficits, Republican senators have all but promised to gut entitlements if Trump gets four more years. Sen. John Barrasso (R-WY) was even more optimistic. “We’ve brought it up with President Trump, who has talked about it being a second-term project,” Barrasso said. Senate Leader Mitch McConnell (R-KY) has made no secret of wanting to cut Social Security. In his 2016 campaign, Donald Trump said bluntly, “I’m not going to cut Social Security like every other Republican.” However, we know from our daily experience that Trump often says what is expedient at the time. Surprisingly, Dems are not using the issue to hold Congressional seats. The greatest irony in Republican’s “starve the beast” mentality is that Social Security does not even affect the deficit. So perhaps it’s not really about the deficit after all. Luckily, Trump can’t sign an order to cut the income for the 60% of retirees who count on SS benefits for half their retirement income.

Maximize your SS benefits: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirem/ent/dp/1495439224

What can you do with your bankrupt stock?

Neiman Marcus said it is filing Chapter 11 to restructure operations. 500 employees will be gone in months. A Chapter 11 restructuring could also wipe out debt and equity, create new ownerships and let the company close its underperforming stores, all while still operating. Chapter 11 bankruptcy signals that the company is asking the court to protect it from its creditors until it files a detailed plan for how it intends to recover financially. If the court accepts the plan, the company may renegotiate its debts, drastically cut its costs, and resume doing business. Over time, it may thrive and emerge from bankruptcy (or not). Common stock shares will be practically worthless at the moment, and the shareholder won't be able to sell the shares because no one would want them. There is at least a chance that the company will indeed recover and their shares will regain some of their value. Other public companies headed to court are J Crew, JC Penney, Forever 21, Pier 1, Modell’s as well as some restaurants.

Go with Vanguard’s Best: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Why does the stock market go up when employed goes down?

It makes no sense. In the 1930’s the Great Depression, markets and jobs fell. Now we have the opposite. Answer: anticipation: stocks have rallied aggressively off their March lows as Wall Street becomes increasingly optimistic about a reopening of the economy. Despite dismal economic data and first quarter corporate earnings reports, stocks have looked beyond the near-term turmoil caused by coronavirus. The market has moved higher—back to May 2019 level as several states—including Georgia, Florida, Texas and California—begin to reopen businesses and lift coronavirus lockdowns. The S&P 500 has bounced back more than 30% from its low in late March, now just 15% off a record high. The Nasdaq is more than 35% off its lows and on Thursday moved into positive territory for the year. Money managers don’t want to face the fact that the economy may take years to return to its old self. Wall Street optimists expected reports to be worse so they are buying back what they sold a month ago. They need to show positive activity.

Stocks for the long-term: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

Which annuity is best for you?

Sinking your money into an annuity at this time is not smart. Current interest rates determine your eventual monthly payout—either now or later. Insurers offering fixed annuities are buying very low rate bonds with your money. Insurers offering variable market rate annuities are trying to find a hedge on market volatility. They structure the annuity contract so they don’t lose money and set the fees to make money. You have better alternatives to locking in your contribution forever; buying future income that will be cut in HALF by inflation; paying income taxes instead of lower capital gains on your future income and paying more in costs than you gain in tax-deferral.

Check alternatives before no-refund buy: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

Advisors get paid less so changing your fee rates

Sixty-six percent of advisors said their compensation came from AUM-based (managed assets) fees. So even if you do not get any services from your advisor, they get paid less since the portfolio they “manage” is less now. Advisory firm are changing to “advice-based” fees to take more of your money. The owners need more revenue. This is justified by advisors promising to cover health care issues and family-legacy planning. Firms will “move from fixed compensation to variable compensation with profit-based bonuses, since that allows firms to easily trim compensation during a down market like this without having to reduce compensation directly or do layoffs,” one planner said. Advisors are not likely to raise security trading fees during this volatile market time, but fees will be imposed for any request that takes more effort, like review of a retirement plan. It may be time to switch to a fee-only planner so you can control your fees wisely.

Shop for planner: https://www.amazon.com/Get-What-You-Want-Simple-FINANCIAL/dp/1514751151

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

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

If it takes a village, the village idiot is in charge: “metrics up here” (his head)

Mobster declares: “We have the right to do whatever we want”

"I could stand in 5th Avenue and shoot somebody”

Supremes: US leader IS above the law?

Mobster’s felons go free

A crisis brings out the worst in would-be dictators: Easy to end democracy

Anti-democracy judges approved by Senate

Anti-voting laws enacted in GOP states

Lying kills a just world

Mobster’s son: ‘Not sure’ about election date

Mobster’s servant tested positive: WH breached but still no masks: hide deaths?

Mobster’s propagandist: “I will never lie to you”

Big Con: ‘We have met the moment and we have prevailed.’

Mobster: testing "frankly overrated" yet I am tested every day

How Govt wastes our money: Congress spends another 3.7 Trillion we don’t have! 

DEMs take note of special tax giveaway for wealth but do nothing. Workers pay for it.

WH C-19 tests for staff are not accurate: more staff gets sick

GOP Gov not reporting C-19 victims to prove Trump lies: it’s “going to go away.”

Private jet firm founded by Trump donor gets $27 million bailout: we pay for jets of rich!

Hate China? Remember we need China to buy our Treasuries: finance our biz bailouts

SCAMS/SPINS:

Trump kills health code: “Virus will take over 100,000.” Let’s go to work without tests!

Neo-Nazis go after those who report violators of safe health rules

C-19 scams abound: 44% of us have got contacts and Gov does nothing to stop them.

Trump’s visit to PA factory canceled by company's concern for worker safety. WOW

Trump uses conspiracy network to control his followers: FoxNews is just tip of crazies

Trump to change CDC method of counting C-19 dead so it is lower: election gimmick!

MI vigilantes use guns to open barber shop: MI Gov defied by GOP Trump violence.

WI Supremes open state early so more citizens get sick

Single-day high 58 Texans’ deaths from C-19, two weeks after Gov Abbott’s reopening.

IRS delays some payers’ payments: You get a break today

Debt collectors contacting us in pursuit of debts that don't exist. Get it in writing.

Verify your on-line pharmacy before order.  https://verifybeforeyoubuy.org/

Fake photos/news: people have too much time on their hands!

Fake C-19 cure pills, test kits, masks, lanyards seized by US customs: some dangerous

VW recall 370,000 vehicles with Takata inflators ‘in phases’ starting at the end of 2020.

Morgan Stanley caught: misled clients about the costs of a “wrap fee”: fine, no jail

Ambassador Advisors PA failed to disclose conflicts of interest in mutual fund sales

Monster Loans caught taking our credit information based on false representation

Trump hotels take $650 room/SS guards/family members/staff/VIPs from taxpayers

Jobs

Jerry Stiller’s appearances as Frank Costanza: Best ‘job’ in the world

Pence told to keep distance from WH staff: Trump still not careful around others

State unemployment requirements/enrollment/info

Employee options for pay cuts: Gov help and alternatives

Employer virus protections against customers/workers: know their strategy

Who owns your account now?

Time to refinance your vehicle at low rates?  as low as 2.14% APR for 36 months.

Mortgage/rent assistance and info: you may qualify for help

ETF Universe Shrinks As Niche Funds Die Off

Folio Financial to Goldman Sachs

Delay mortgage payment options: Consider options carefully: long-term impact

Miracle:

GA DA tells police NOT to arrest her friends who shot black man in street: KKK rules?

Two local prosecutors concluded from video that McMichaels had done nothing wrong?

If the victim had been white and the two stalkers with guns were black, same outcome?

Free financial advice certified financial planners https://www.napfa.org/hub-for-help

Medicare advantage plan UnitedHealth waives cost-sharing fees through Sept.

Scientists construct a single-atom transistor: pack more circuits on tiny chip to fit vein?

Doctors try different treatments since virus attacks each person differently: creativity!

Fewer cancer deaths because patients had ObamaCare

Biden has no plan to end our econ crisis but plans to not pardon Trump: Priorities man!

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Recession talk scare you?

Where to put your money if recession talk scares you?

There is talk of recession since people who claim they know economics get paid to scare us. Since no one knows for sure when and how this event will take place, we are on our own to decide what to do. Some are already running for their money market accounts even with low rates compared with inflation. Clearly stock and bond markets will be unsteady. Our choice, as always, will be decided based on our time horizon. Warren Buffett is looking for bargains at this point. He already had tons of cash. But he isn’t selling his portfolio as if the world will give up on capitalism. Long-term stocks will beat inflation. Our cash and bonds may help us avoid a big plunge in current account values. However, like Buffett, we should hold our long-term investments with a balanced approach. If we need cash in the next year we should have been accumulating it up to now. Many of our members have been buying the balanced fund Wellesley Income for years since it has maintained a return of over 9% since 1970 with low expenses.

No-worry money advisor: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Elder bankruptcy up

Bankruptcy has increased to 12% from 2% in 1991 for retired persons. Weakened trade unions, stagnated wages and the disappearance of pensions are among the factors that contributed to rising elderly bankruptcy. Many retirees also face rising medical costs as they live longer than expected and Medicare covers a smaller share of their health care needs. What can pre-retirees do? Contrary to what many people think, saving for retirement can help employees boost their ability to pay their student loans, according to a CNBC article. That’s because pretax contributions to traditional retirement plans can help minimize their adjusted gross income. Since the monthly student loan payments are based on AGI, a lower AGI could result in lower payments. “Any time you can put money into your qualified retirement plan at work, it’s always a good thing,” according to an adviser. The most important factor in avoiding a lack of cash later is using the miracle of compounding as early as possible. Compounding can double your money in 7-10 years. Thus doubling your 401k contributions to low-cost stock funds even at age 50 can improve your nest egg three fold. Warren Buffett says compounding made him wealthy.

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

Is your advisor helping you this year?

If you are paying your advisor for money management—1-2% of your TOTAL nest egg—you have a right to ask this question. What is their track record? The market has provided 9% for the last 10 years including -37% in 2008 (2008-2018). So far in 2019, you should have earned over 17% with 11% long term returns. If that ‘professional’ advice you are overpaying for has not been useful, perhaps it is time to switch to Warren Buffett’s strategy. When you need special advice you could pay for it at the CFP’s hourly rate like a lawyer. $750 for 3 hour review of your plan vs $7,500 over 10 years of fees. Otherwise, Buffett recommends low-cost index funds. Morningstar has found that the most important determinant of investment success is the cost.

Try Warren’s Way: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

DIY Financial Independence: Freedom Workbook

Put your money to work so you don’t have to.

Use your IRS-approved tax shelter—Pay 0% on asset gains.

Accumulate $250,000, $500,000 even $1,000,000 tax-FREE. You achieve Financial Independence by having enough money to do what you want. When you don't have to rely on work to survive, you are financially independent. Playing it safe won't achieve it. You don't have to be super wealthy to become free of money worries. Financially independent people have one thing in common: they put their money to work so they don't have to. If you don't put your money to work, you will never be free.   'Compound interest' is the name of the process by which money makes money. You don't need to do a thing besides sending $250 to work every month. You earn money every time you buy things. You own part of the businesses. Compounding is what Warren Buffett counts on for success.

“My wealth has come from a combination of living in America, some lucky genes, and

compound interest.”

How much can your money earn for you? It depends on how long it works and where you put it to work. The best strategy is to use your Wealth Reserve to shield your money while it works in places you shop. You can use a special IRS-approved Tax-FREE account to avoid all tax on investment dividends, earnings and interest. You can also avoid the fees and commissions on this account. Your $250 a month investment may grow to $1,000,000 or more and it is all tax FREE. That $3,000 a year for 33 years ($99,000) compounds to $1 million if you put it to work: capitalism.

Put money to work: https://www.amazon.com/DIY-Financial-Independence-Freedom-Workbook/dp/1088908500

Women: Median Retirement Income Is 42% Lower Than For Men

An average working woman earns 21% less than an average working man. While a portion of this earnings gap is caused by different career and lifestyle choices between men and women, gender discrimination still sandbags women’s ability to earn an income and thrive during their working years. The gender earnings gap has implications for women as they age. For example, the average woman qualifies for Social Security benefits 23% lower than the average man. On average, women have life expectancies five years longer than men, requiring higher levels of retirement saving. The report’s authors also found that women face higher retirement health-care costs, needing an average of $140,000 by age 65 to have a 90% chance of covering their health care costs, versus $124,000 for men. Women have less income to accomplish higher retirement income needs than men. So women have a greater need to make their investment dollars grow faster than men. Warren Buffett recommends that we are more successful investors by being patient. Women are more successful investors because they are less likely to engage in rapid asset transactions. Buy and hold is often the best strategy.

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

**********

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

Families torn apart by Trump’s actions sue $ billions from US not Trump. harmed or fondled!

Trump’s 2017 tax break for family recalled in Trump tariffs: we pay $1,000/year in tariff

Trump considers payroll tax cut to boost failing economy: He also claims not failing!

Trump plans capital gains tax cut: why even bother with Congress taxing authority?

Bank lobby killed rule that kept banks from making wagers with our deposits: Bailout II?

Pentagon cancels ‘missile killer’ project: saves US $1.2 Billion

SCAMS/SPINS:

Bundling your car and home insurance may not be as good for you as it is for insurer.

Trump calls El Paso mayor a RINO to his face: Weak dictators insult grieving to face.

NRA tells Trump to forget background checks: blame mental ill as diversion for votes.

Scam to steal your Medicare ID promise screening for cancer: suffer emotional abuse

Trump rallies are full: participants receive overtime pay from employers.

Now he is calling the Jews ‘disloyal’: his concentration camps are built and ready

Trump changes rules to hold immigrant families ‘indefinitely.’ Jail kids over 20 days.

Trump considers cuts to Medicare to trim deficit: Wealthy tax cuts created $1 Trillion

Trump to end your child’s birthright: we have to pay to buy our kid’s citizenship. Insane!

John Tillotson caught impersonating clients to transfer funds to his firm

Scott Strochak Castleberry caught fraud promised insured real estate returns

Sheraton caught letting legionnaires disease grow in water system: killed 1 guest

Insurance firms pay police/prosecutor to convict customers of faking theft/damage.

IRS does not send emails: do not open email from them

Jobs

The war for talent in the independent broker-dealer industry is real: Best get more fees.

CEO pay grown 940% since 1978, while workers’ pay only 12%. CEO’s power not skills

Execs get the raises this year: workers get discretionary bonus for top performers

Boeing hires to start delivery schedule of 737 Max

Goldman Sachs hiring coders to make trades: Program trading is dangerous like last time.

Who owns your account now?

Low cost places to live when you must start a new life on limited budget.

Vaping may cost you a lung: heavy breathing can give high too.

WV finds and returns $1.2 million in life insurance benefits people did not know about.

Why Robo callers can’t be stopped by government or tech or God: Window-dressing deal

Miracle:

Your lucky day: woman survives chute failure 5,000 foot fall—hit trees at 120 MPH

Miracle if Congress bans AR magazines: NOT for hunting; just killing: 41 in 32 seconds

Catholic teaching: the priest’s “racist” dog got black cleaning lady fired. He blames dog?

Trump retweet: Israelis “love him [Trump] like he is the second coming of God.”

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Don's new tariffs cost us $6,000

Don’s new tariffs could cost each of us $6,000 a year

An independent analysis of Trump’s tariff proposal finds that it could cost the average U.S. household more than $6,000 per year, with much of the burden falling on households with the lowest incomes. “We find that a Trump tariff proposal against all countries would cost U.S. consumers $459 billion annually and $2.29 trillion over five years,” David Tuerck and Paul Bachman, a pair of economists at Suffolk University in Boston, write for the nonpartisan National Foundation for American Policy.

There are many ways for Trump to ‘tax’ the middle class. Tariff’s increase the price of everything working people (not wealthy) buy.

Offset these tariffs with tax-FREE income: http://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702

Which investment strategy provides the best retirement outcome?

“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett Mr Buffett's strategy of patience has proven to be the most astounding in history. He has earned 20.8% a year compounded over 50 years including recessions and wars. He does NOT trade or speculate. He holds companies for a long time. Buffett has proved the market is NOT efficient and stock-picking can work for a few.

Buffett is the genius who found a way to beat the market. The average investor earned just 3.79% while the stock market earned 11.06% over the last 30 years. DALBAR QAIB. You can become wealthy by choosing the best investment strategy in the 21st century: The Hub and Spoke Strategy. Use the best of both worlds: market index and Buffett's stock. There are almost as many “investing” strategies as people who work on Wall Street. There are institutional and retail investors who put up the money and take all the risks. And there are salespeople who take profits unfairly from the investors.

You have your choice but there are three considerations first: trust yourself or others, your futures will change, wealth-building takes time.

http://www.amazon.com/Best-Both-Worlds-Hub-Spoke-Investments/dp/1533307326

No retirement fund? $9 is all it takes
Almost 20% of Americans 65 and older are now working, according to the latest data from the U.S. Bureau of Labor Statistics. That’s the most older people with a job since the early 1960s, before the U.S. enacted Medicare. This may explain why younger people have trouble finding work and why wages remain flat despite productivity increases. More employers are offering tax-FREE Roth 401ks yet only 10% participate in these retirement funds. As the overall economy improves, the growth of productivity is going to existing asset holders, not to those producing it. Since 1995, the average year-over-year inflation rate for energy has been 3.9%, for food, 2.6%; for shelter, 2.7%; and for medical care, 3.6%. Middle class expense increases leave no room for building assets.

Build your own tax-FREE pension fund of $250,000: http://www.amazon.com/$9-Day-Millionaire-Turn-day-into/dp/1484890310

GOP budget-cutters go after the poor again—GOP ‘heroes’ target defenseless

It is an easy group to target with no lobby and no defenders. GOP will cut food stamps again instead of supporting a wage hike that might reduce the need for this subsidy. GOP did not go after oil and gas socialists on subsidies, not the socialist supports that guarantee income to corporate farmers, not the socialist price guarantees to sugar and cotton and peanuts and soy and corn and etc. They did not cut the defense programs the pentagon says they don’t want or need. No, they cut food stamps. No wage offset, no retraining. Former manufacturing workers now on food stamps. Part time hiring up.

Ryan and Price: Such HEROES of the political right!

Always hit the people who don’t have lobbyists or big election gifts.

Making the world safe from BANKING

Congress and Obama have stopped fighting Wall Street during this contribution period called the 2016 elections. However, the problem of leveraged gambling without consequences still hangs over this planet. Closer than global warming as a threat, leaders of the world’s financial system have not taken the necessary steps to keep the world safe from BANKING, according to Mervyn King, former head of the Bank of England. “The financial system, King reveals, is still wired so that a handful of well-connected people capture the benefits from risk-taking while the entire society bears the cost.” Bankers and regulators use ‘complexity’ to defeat serious change. King’s solution: let investors who give the banks money to gamble take the hit when they lose. Keep deposits separate!

The gamblers can go broke; not the homeowners. http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

What does the NEW Republican Party stand for as of May 2016?

Limit rights of immigrants, non-Christians, Muslims, gays, Asians, protesters, press

House GOP votes to let contractors discriminate against certain people GOP dislikes

Tax breaks for wealthy; cut funding for un-wealthy, poor, seniors, underemployed, etc.

One-time 14% tax on wealthy to pay down national debt.

“I would build consensus, not use Executive Orders.”

“I'm not accepting any money from anybody, not beholden.” until now--Trump Fund

Increase debt and devalue debt and limit defense spending.

Bring back waterboarding and “a hell of a lot worse.”

Cut regulation of all business activity except when GOP controls women clinics

Regulate all District Columbia activity/spending—end local control of DC budget

AL GOP reversed local control of Birmingham city paychecks

MI GOP reversed local control of Flint water against local experts

LA GOP reversed local control: wants strippers to be over 21 but under 28 and 160 lb.

Climate change is a hoax.

Trade pacts are no good for us and no good for our workers.

Abolish IRS, EPA, Education, Dodd-Frank financial protections

National right to buy and carry any firearms anywhere anytime by anyone age 2 and up.

Reinstate Christmas and Christian observance in schools, home, court, etc

Reinstate Christianity as the state religion—bar all others from public office

Reinstate abortion exceptions except in OK—Doctors go to jail for any procedure!

Replace Obamacare with Health Savings Accounts (tax deduction not coverage).

Resist approving judges for courts (fewest in 50 years) so Dems not make policy

Install voter ID restrictions designed to lower Dem voter participation – proved in court

Use dead people signature fakes to get on ballot in some GOP races.

Install state Gov that cuts Medicaid, education, federal support payments, infrastructure.

Trump policy now and then: Unintended consequences is real threat!

Is an immediate annuity right for you?
When your advisor proposes buying an annuity to guarantee income for you in retirement, they may not mention certain facts that you should know. First, an annuity purchase is final – few can be reversed. Second, you will be receiving regular income from your IRA, pension, etc at age 70.5 due to the IRS mandate. Third, many annuities have higher fees and charges than similar income producing alternatives. Fourth, an immediate annuity starts paying you monthly income in return for your cash but is based on current low interest rates. When they go up, you are stuck with lower income.

Compare alternatives first: http://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

Do you need a will like Prince forgot?

He did not leave one in plain sight so his “relatives” will spend $ millions for lawyers and courts to get some cash or what they “deserve.” Well if you have that problem, get thee to a lawyery. Or make your own for $55 at Nolo or as little as $35. If you only have a house, car, bank accounts etc in joint name you may not need one. Your IRAs and pensions have bene clauses so they don’t go to probate. Simple asset estates don’t need lawyers—you may pay your state tax yourself. Fed death tax begins at $5.45 million. I read library books to do mine. Avoiding probate doesn’t help with some states: everything is taxed—even retirement funds—unless it all goes to spouse.

Use the best estate planning tool: http://www.amazon.com/Build-Your-Tax-FREE-Wealth-Reserve/dp/1456505041

Does our President need to be smart and truthful? Do they even care about truth?

            (a summary of the GOP Presidential debates) (history: GOP has the final candidate by Feb 17)

Don:    “In Trump We Trust: The New American Revolution,” due Aug 23. ‘God’ is gone!

            There will be another 9/11 if we don’t stop Syrians with ISIS phones now!

            Don will cut Medicare and SS benefits “if tax cuts don’t make big surpluses”

            I can pretend to be head of GOP and let Ryan’s group run Congress

            Carson says Christie, Cruz, Kasich, Rubio and Palin for VP. Newt?

            “I will never hire a pollster” pollster hired this week but not admitted

            Talking to Kissinger, 92, 30-year-old-China-policy expert?

            In order to get donor money, I will not take $36 mil to pay myself back.

            I would like to see a White-versus-Black season of “The Apprentice." 

AKA John Miller: It wasn’t me who faked me--Only a narcissist would do that!       Anyway, I am only doing what the Founding Fathers did! Really?

Paul Ryan: “I’ll have my people call your people,” Don can pretend to change Congress.

            My cuts in food stamps make me a hero since poor have no lobbyist to offend

            Paying workers for overtime is “absolute disaster:” we pay too much already!

Hill: We all would like to pay 10% taxes like Don: show us how you do it!

            His Ossining golf course pays tax on $1.4 mil but he claims worth $50 mil.

            His yacht had no NJ sales tax and his Grand Central Hyatt had no profits?

Bern: Why do you pay 33% in taxes and Donny pays HALF or less.

            Here we go again—invading Lybia in name of ‘training’

50 people pay for HALF the election money—we don’t even know if Americans

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

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill requires impossible: every person in class action suffer “same type and scope of injury”)

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

.Raymond James caught not watching for money laundering by clients

. Louis Martin Blazer III, Blazer Capital, used $2.35 mil from athletes by misleading

.MO lets anyone pack w/o permit/training and kill by claiming “threatened.”

. Gregg D. Caplitz, MA caught stealing $2 mil promising retirement income.

. Phil Mickelson golfer caught for insider trading—Congress does it all the time.

. Francis J. Bass, Phila, caught tax fraud on medical settlements fraud

.Guns kill people: 18-year old kills 3-year old for jumping on bed

.Guns kill people: 13-year old kills 12-year olds’ parents for sex

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

New rule lets business expense any item up to $2,500 – cuts taxes

Effective for 2016 and later, IRS upped the $500 de minimus threshold to $2,500. For small business, writing everything off which costs less than $2,500 is now great way to reduce profits. That’s right, $2,500 a pop. For example, for a food vendor, almost everything they buy, except the truck they use, will cost less than $2,500 so they write them off and pay less tax.

Trump avoids taxes by using many business tricks and entities.

How our government wastes our money

.We pay extra $85 to avoid 3 hour lines at airport. Isn’t that what terrorist would do?

.We pay NFL teams when they honor servicepeople—and you thought they cared!

SCAMS

.MD church blocks legal means of obtaining justice for sex abuse by employees

.MS schools ordered to desegregate after 62 years – unequal education benefits

Who owns your account now?

Time Warner Cable to Charter Communications

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Why borrow from China to pay for rich people's toys?

Why are we borrowing from China to pay for rich people’s ‘toys’?

$1.22 TRILLION in tax breaks—mostly to corporations and the wealthy—just in 2015. “Tax Expenditures” include deductions for mortgages on 2^nd homes in Swiss alps, yachts costing $1 million, “gentleman farms,” and ‘art’ gifts to charities. This $1.22 T tax loss is GREATER than all the other things Congress spends on. We have to borrow $583 billions to make up this GAP. We have to pay $229 billions in interest on all the loans from the past. Our military spending has increased 50 percent since 9/11/1. We spend HALF of our discretionary spending on paying for the defense departments of Iraq, Turkey, Egypt, Israel, S Korea, Japan, Germany, and Ukraine. 800 bases! We buy planes and ships the military doesn’t even want. Meanwhile, roads and bridges fall—Madness.

Pay your fair share: http://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702

State Farm caught ripping us off

“LifePath” target date funds are managed by BlackRock Advisors but State Farm takes 0.28% of each account for its limited role. Investors claim breach of fiduciary duties and want their money back. Target date funds use index funds and they cost only 0.05%.

Pay less; keep more: http://www.amazon.com/Your-Tax-FREE-Low-Cost-Mutual-Funds/dp/1484080920

Is BlackRock’s robo-advisor money management for you?

BR buys FutureAdvisor for its banks, brokerage firms, insurers and 401(k) plans to use the company's digital platform to serve mass affluent investors and millennials. The largest asset manager will share excess fees with another layer of middle people. Paying more for a robo-advisor with standard portfolios may not help you to meet your long-term goals. Many studies show the best predictor of investment success is low cost.

http://www.amazon.com/Pay-less-Get-more-investment/dp/1500598321

Tax evaders continue to use indicted Swiss banker’s firm

Americans that used Swiss banker Josef Beck to evade taxes continue to evade with indicted banker’s sons firm, just created after Josef Beck was indicted in 2012. Regulators can’t prosecute because Switzerland won’t extradite its own citizens.

IRS has a tax-FREE account for working people: http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Our pension benefits are undermined

State pensions had a $968 billion shortfall in 2013. Pension benefits that were promised in legal contract to state employees will NOT be paid because annual payments are skipped, according to a Pew report. Our social contract is broken.

http://www.amazon.com/Are-you-ready-retirement-worst/dp/1491002662

How much of your retirement are you giving away?

Are you losing 63% of your retirement earnings to Wall Street?

Broker/advisor/trading cost 1% to 3% every year.

If you use a salesperson, costs can take over HALF of your money!

If you contribute $3,000 a year to your 401k, IRA, etc plan, you end up with:

$3,000 per year @11%    for 33 years = $1,018,177

$3,000 per year @11-1% for 33 years = $778,768

$3,000 per year @11-2% for 33 years = $613,805

$3,000 per year @11-3% for 33 years = $486,634

If you had been using a low-cost mutual fund like Vanguard you would have paid 0.17% for 17.31% annual return for the last 5 years. Your account would have more than doubled.

Tell your broker/advisor they can’t take your money anymore: http://www.amazon.com/Wall-Street-Cleans-Up-Advisors/dp/1517043255

Which investments for the market decline?

If the stock market news makes you uneasy, where should you park your long-term retirement funds? Most low-cost balanced funds will help you remain sane by avoiding the lowest lows. For instance, the Vanguard Target Date 2035 has almost doubled your funds since 2005 with less loss in 2007-8. There were ONLY 40 days from 1950 to 2007 that produced 70% of all the S&P 500 index’s total returns. That is 40 out of 14,528. We can't possibly know when to sell and buy back before the rebound. Vanguard’s Top Ten also protect your spirits and may keep up their 10% returns for the rest of your life: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

401k plans have too many options

Plans that match contributions, usually match 50% up to 6% of income. A study by Yale showed that ‘auto enroll’ and ‘auto escalation’ increased participation and amounts. However, “for every additional 10 fund options, the participation rate is lower by 1.5 to 2 percentage points,” James Choi found.

Keep it simple and low-cost: http://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

What happens if you sell and buy in a panic market?

Imagine two people who each invested $1,000 in the S&P 500 at the beginning of 1980. The first one buys once and never sells. The second one is slightly more cautious: He sells any time the market loses 5 percent in a week, and buys back in once it rebounds 3 percent from wherever it bottoms out. At the end of last week, the first investor’s holdings would be worth $18,635. The second investor would have just $10,613. HALF.

Use Warren Buffett’s strategy: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

“If I had a world of my own, everything would be nonsense.” Lewis Carroll, Alice in Wonderland

America’s real reality TV show: 2016 election

Carson to bomb Mexican border crossing “caves” that immigrants use!

Carson is pro-choice but against abortion but uses fetal tissue for research.  

Walker: “politicians haven’t been committed to following through on their promises."

Bush gave $1/2 billion in tax money to 1 firm to bring jobs to FL with poor results.

Trump outs hedge funds: "They're paying nothing [in taxes]. And it's ridiculous."

Cruz’s satellite vs NASA’s satellites=oceans invade land in real time

Christie is sued for using deficit tax dollars for non-Gov business instead of pensions.

He spent $1 million on out-of-state security costs since 2010. $1 million on whitewash.

Christie blames Obama for heroin epidemic and market crash. Droughts? floods? Fires?

Bernie to check WS excess: https://berniesanders.com/issues/reforming-wall-street/

Health brokers use ObamaCare needs to grow business

Brokers say they increasingly view the ACA as an avenue toward new revenue opportunities and roles around education and communication. GOP plans to repeal ObamaCare. Will brokers’ lobbyists take Obama’s side?

Do foreign-born really steal jobs from native-born Americans?

GOP makes it sound simple. Data suggest that everyone that wants to work finds some employment but level of skills/education still determines who gets good-paying jobs. Smart and educated native- AND foreign-born are rewarded for creative work. EG: An average Entry-Level Information Technology Consultant can expect to take home roughly $61K. Machinist average $45K with overtime. According to SimplyHired.com, the average salary for a waiter in Houston is $49,000 a year, and “some can make a lot more than that.”

Fight fire with fire--RoboCaller killer

Calls you don’t want on your mobile? Or landline? Kill them automatically: https://www.ftc.gov/news-events/press-releases/2015/08/ftc-awards-25000-top-cash-prize-contest-winning-mobile-app-blocks

WOW—Star Trek’s Replicator?

MIT researchers created MultiFab, a relatively inexpensive 3-D printer that can print out lenses, fiber-optics, and fabric. Soon, it can do full-color models of everything from movie sets to electric motors.

Convenience that kills

Cars that don’t turn off kill 13 and car makers are sued. With keyless ignition/off/on that drivers forget and CO fills attached home killing occupants.

Hawking thinks there are other universes down the black hole—Alice agrees!

Lewis Carroll, Alice in Wonderland

SCAMS

We are spending $8 million per HOUR on our wars in Iraq/Afgan. We are paying for the defense departments of Iraq, Turkey, Egypt, Israel, S Korea, Japan, Germany, and now Ukraine. Why are we going into debt with China for them? They have money!

GEICO caught discriminating—no jail time

Geico was charged with quoting inflated rates to women, low-income and non-professional-level applicants. The company agrees not to consider education and occupation in sorting coverage limits via a three-year settlement. Pays fee.

James R. Glover of White Hall, Md., Signator Towson, Md., office, Glover illegally raised $13.5 million from 125 people to invest in Colonial Tidewater Realty Income Partners LLC. Glover misappropriated approximately $840,000 from the investment money. No felony indictment. No jail. 

IAN

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Montclair, NJ 07042

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