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

Don’t give your money to the wrong beneficiary!

Don’t give your money to the wrong beneficiary

This is the time to make sure the beneficiaries of your life insurance, annuity, IRAs, 401k, 403b, bank and brokerage accounts are correct. Many companies fail to pay the money you intended for your loved ones because they have tricks to keep it for profit. If your ‘bene’ does not know about the money or make a claim for it, the firm keeps it. You must make sure the insurer and your beneficiary has the correct information. You must make sure the person you want to get your money, gets it. For instance, MetLife and other insurance firms were caught keeping the funds due ‘bene’s because they claimed they did not know the payer had died or they failed to try to find or pay the benefits. Beneficiaries often do not know their benefactor had set up an account for them. In another case, MetLife used the excuse that they made the bene’s money ‘available’ but only in checks of $250 at a time. Since MetLife held $ millions of benefits in their general account, they made $ millions from the earnings with the bene’s money. Each state had to negotiate with MetLife for 3 years to get their citizens’ funds released. Prudential and John Hancock were among hundreds of insurers which had no interest in paying death benefits to their rightful owners. They did not use databases like the SS death record. The courts found that this was an elaborate game that has been going on for a long time and not just with life policy death benefits. Give your executor a list in your ‘final wishes’ letter saying who gets what from whom specifically.

Make sure your money goes where you want it to go: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

More employers overcharge their workers on pension plans

Mutual of Omaha and Transamerica have been caught taking excessive fees from employees in their 401k mutual fund plans. A participant in the 401(k) plan of Mutual of Omaha sued the company and plan executives alleging violations of ERISA due to excessive fees and to the plan's use of proprietary funds. The company picks the funds that are available so the workers can have a successful retirement. Excessive fees means workers may not be successful. Other ‘service’ firm employees are in litigation with their pension plans: Prudential, Transamerica, Allianz, Jackson National, JP Morgan, Edward Jones, T. Rowe Price, WellsFargo, Franklin Templeton. An employee can lose up to 63% of their potential retirement nest egg by paying more than the costs of their pension plan. Employers can use plan providers that offer funds ‘at cost’ like Vanguard, TIAA, Schwab, etc. Instead they make employees-saving-for-retirement a ‘profit center’ for their own enhancement. They control the pension options, fees, wages, matching dollars.

Workers have options: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

Do you lose with Trump’s new tax law?

Some old deductions are gone. You may have to adjust your spending and saving to maintain your tax refund. Families with kids will double the credit. Perhaps your business will benefit from the new deduction of 20%. Here are examples for different income levels. States with high property taxes will cause many to change their tax filings.

Jared and The Don have already benefited from the new real estate credits. His new Opportunity Zone deal is even better for him and his friends/family. Some deductions are still possible.

Don’t leave your credits unused: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Advisors’ fees are NOT coming down

Advisors charging over 1.2% in fees per year have decided not to try to compete with lower-fee upstarts. Instead, they are re-naming the services offered. Advisors think we will pay more to them than the new kids in town because services are defined in terms of our individual needs. However automation of some services requires they all be the same. Automation makes a firm more efficiency and profitable. For example, some firms are lowering their minimum asset levels for more business on the assumption that new clients will be happy to pay 1.2% for the chance to see a real person on staff compared with the robo advisors. Model portfolios can easily be established for less cost than an actual hand-crafted one. Other firms are using targeted discounts to tempt clients from other firms. Claiming greater transparency in pricing services, some are trying the ‘flat’ fee approach to lure traditional firm clients away from the brokers with ‘hidden’ charges. In a sense the industry is trying to maintain high fees by creating ‘differentiation’—if I think I am getting more services with greater efficiency, I will stick with my broker/advisor. Don’t be fooled.

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

Health care fees are NOT coming down either

Americans spend more than twice as much on health care per person as their peers in developed nations, according to a new analysis from Johns Hopkins Bloomberg School of Public Health. It's not because people in the US use more medical services. Instead, it's because drugs cost more, drug firms kill generics, doctors and nurses are paid better, hospital administration is more expensive and many medical services have higher price tags, the study found. (Today drug-maker admits to national BRIBE DOCTOR scheme creating the opioid crisis.) And paying more does not result in better outcomes unless you are wealthy. The new analysis found that the US remains an outlier when it comes to spending, which was $9,892 per person in 2016. That compares to a median of $4,033 for Organization for Economic Cooperation and Development countries in 2016 and to the $4,559 the US spent per person in 2000, adjusted for inflation.

It’s time we tried Medicare for All: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

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

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

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

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

J F Kennedy was 43 when he beat Nixon

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

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

BEWARE: Now Trump says we are not getting out of Syria. Our media is enemy now!

BEWARE: Flood area reclamation by Army Corp at risk--WALL may come from ACE.

SCAMS/SPINS:

Dictators claim National Emergency to avoid democracy: The Don builds WALL.

One Dem has guts: new rep promises to stop The Don—Congress blushes at candor!

Dictators close down gov for years and install their own puppets: The Don solution?

Citizens who live near the WALL have a much different set of facts than the Con Man.

The Don has cut funds to CA fire fighters to punish CA for not fighting fires his way!

Gov licensing of Alaska oil and gas in endangered ecosystems despite shut down.

Annuity exchanging made easy but encourages ‘churning’ to make another commission.

Daniel Todd Levine caught hiding involvement in another business

‘No Collusion’ but what about your 101 contacts with Putin’s agents: Cohen statement.

‘I never said Mexico would pay for the WALL’ OK—we don’t need the WALL!

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.

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

Jobs:

Trump claims workers without paychecks are behind his scheme to close … for years?

Coast Guard workers told to use garage sales for income instead of paychecks.

Need an affordable city to start your life or start it anew? Low rents; higher salaries.

Who owns your account now?

Our for-profit health system is failing us: One family’s nightmare shows reasons.

Avoid premium increase in homeowner’s insurance by going thru dog training.

Miracle:

Pre-K prep programs working FOR equality of opportunity

Young Muslims are cleaning up our national parks: no pay--“It’s just what we do.”

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

How much do lower fees really help us reach our goals?

How much do lower fees really help us reach our goals?

Vanguard just lowered the minimum for us to qualify for lower fees on funds. Many brokerage firms are cutting fees. Does a low fee really matter over the life of a retirement fund? The comparison is simple: $250 a month $3,000 a year for 34 years at the average earnings of the S&P 500 index (11.06%) is $1.1 million. We pay .04% so we net about 11% a year on average. If we deduct 1% from our earnings, we have only $863,483 or $247,517 less. That is 22% less. If you let your advisor manage your account, you earn only 3.79% for 34 years according to Dalbar’s survey of actual investors. That means the trading and market timing will cost you $902,930: $1.1 million (you could have earned) minus $208,070 (your earnings). Will you drop your advisor in order to make more money for retirement? We follow Buffett’s advice.

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

Are small business deductions right for you?

Many Americans are turning to creating a business out of their part time and sometime work schedule in order to help their family survive the increasing costs of living. Wages have been flat since the 1980s for many middle-income workers and it makes sense to pay as little tax as possible. A quarter of workers make less than $10 an hour, putting them below the federal poverty line. Meanwhile the top 1% owns 40% of our country’s wealth. Following The Leader’s example, many are able to actually reduce their regular W-2 income for tax purposes. The GOP has provided another incentive: an extra 20% deduction from net profits. Just follow the deductions here:

https://smallbiztrends.com/2016/02/top-tax-deductions-for-small-business.html. A special for Uber/Lyft drivers is deducting the ‘snacks’ you provide in your car. After you take all these legal biz deductions, take another 20% when you qualify. You may not be able to reduce all your income to negative for years, like The Leader, but at least you can add income without more taxes.

Take your tax credits:  https://www.amazon.com/Tax-Credit-Class-your-credits-pay-ZERO/dp/1539462382

Why are we subsidizing GM? Trump threatens to cut subsidies to GM

Is America a Socialist country? When our tax dollars are paying a private company to make a profit, How is that different than in China, Russia or Cuba? How much of our tax dollars are going to GM and other corporations so their CEOs can receive multimillion paychecks? And some profitable corps don’t pay taxes—even with the tax cuts! How socialist is that? They receive subsidies and don’t pay taxes and yet buy expensive planes and toys for their CEOs. Sounds like a ‘welfare queen’ to me.

Avoid paying their subsidies: https://www.amazon.com/Americas-Socialism-for-Rich-little-people/dp/1535218584

Do you need a REAL middle-income tax break?

The REAL tax break from the GOP and Trump is the removal of the income cap on conversions from traditional IRAs to Roth IRAs. The 1.6% income increase for the average household earning $50,000 to $75,000 has been eaten up by tariffs and health care costs. Compare the $thousands you save in taxes during retirement when most of your income is tax-FREE and you no longer have to take taxable RMDs from your IRAs. For many, the elimination of tax on IRA distributions means their income can continue to grow after 70 ½ AND they will pay less tax or nothing on their SS benefits.

Keep your taxes low for life: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

NY requires insurance agents to give us the best deal ‘fiduciary duty’

The New York Department of Financial Services issued a final regulation in July that is set to go into effect in August 2019. The rule requires that "only the interests of the consumer" be taken into account when making an insurance sales pitch, and compensation to the agent or broker is only permitted if it "does not influence the recommendation." "Thus, this regulation effectively requires the agent to become a fiduciary to the consumer." Agents and their association claim they can’t make a living since they are acting for insurers, not us. But insurers know the fiduciary rule is best for the industry long-term and also know agents will continue to sell their products including high-cost annuities.

BEWARE high fees: https://www.amazon.com/Fiduciary-Rule-BEST-dont-overpay-anymore/dp/1530980275

Corporate management uses life insurance to avoid taxes

Insurers sell a special policy that works tax miracles for business owners. Their corporation makes contributions to the plan.  Rank and file employees do not get any benefits. The contributions are tax deductions to the corporation. The contributions go to fund life insurance whose beneficiaries are designated by the owners. The principals are able to access the cash surrender value of the insurance contracts tax free. The beneficiaries do not recognize any income. Perfect scam: owners pay less tax and get life insurance benefits for free. CSV can be security for purchases and loans.

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

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

Make America, “The Don”, Great Again

Senile Psychosis

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

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

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

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

“Our debt rose $2 trillion under Trump: total $21.7 trillion.” 10% in just 2 yrs.

We are building more concentration camps for children/teens using unchecked guards.

SCAMS/SPINS:

DO NOT READ this report: Trump does not want you to read his report--future climate.

“Trump Foundation functioned … as checkbook for business/political interests.”A crime.

Public hanging supporter gets endorsed by The Leader. MS voters go for racist again.

Trump’s child separation plan may be America’s 2^nd worst crime against humanity. Nazis

Trump’s army used pepper gas on the woman/children: ‘you could put it on your nachos’

“If they have to, they’re going to use lethal force,” Trump told reporters

Trump thinks he is too smart to believe in science of CO2 and ocean levels at MarLargo.

Trump’s bank raided by police for money laundering: Find the hidden Trump ledger?

TrumpCare junk insurance will bankrupt us again. This was story before ObamaCare.

Trump lawyers talking pardon for confessed criminal Manafort --Don says not involved

Is one emotionally distressed man’s gut leading America into oblivion?

BEWARE: Genetic testing result not always mean what it says

Family & Relatives at risk in nursing home when businessmen buy it. Profits for bedsores

2 scientists claim just one “Adam and Eve” started life. Pigeons & humans same DNA.

David Fagenson caught making unsuitable trades for seniors: huge profits

Scott Newsholme NJ caught forging signatures & tax returns gets 8.5 years jail.

Frank Dietrich caught selling notes in real estate Ponzi scheme loses license.

James Polese MA caught taking client money in wind farm fraud gets 5 years jail.

Raimundo Atesiano Police Chief got his men to frame innocent people got 3 years jail.

Eric Landis VA caught promising microcap promotion scheme by pump/dump trades.

Payless shoes proves we are gullible buyers of hype just like financial services.

Bernard Ogon MD HealthRight caught selling bad pain cream/supplements for $7,600.

BEWARE: New ‘car’ buyers—GM, Ford Fiat may not support CARS in future.

When everyone has a gun, how do police know who to shoot? Target: gun & black man

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

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: Sure, pres can change Constitution anytime.

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

Jobs:

Tulsa will pay you $10,000 to work there. Bring computer!

GM closes 5 plants: few cars to produce—15% of salaried workers.

Make a fortune selling the RED Melania Christmas trees at the mall! Tax dollar at work.

Who owns your account now?

Over 40% of voters said healthcare was the top issue ahead of immigration and economy.

Always appeal your health care treatment denial—Insurers don’t like paying claims.

Miracle:

Vaccine for Alzheimer’s?  Trials offer promise.

Two officers refused Chief’s orders to frame innocent people were heroes

Muslim Americans raise $240k for victims of synagogue shooting

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Un-science propaganda by DeVos to kids

Un-science propaganda in the name of science ed—how fascism works

Trump Sec Education is having climate change deniers (Koch Industries) blast students and teachers across America with Heartland materials that reject basic principles on which nearly all climate scientists agree. Yet, during her confirmation, she said ‘support the teaching of great science and especially science that allows students to exercise critical thinking and to really discover and examine in new ways.’ Recently, DeVos praised US default on Paris Accord: ‘rolling back the unrealistic? and overreaching? regulatory actions by the previous Administration.’ A survey of high school science teachers “reported telling their students, wrongly, that the causes of recent climate change are the matter of scientific debate.” Among real scientists, there is no debate. Future voters get the wrong message by DeVos allowing right-wing lobbyists DeVos herself  pays for to create a false impression. Leading children to junk science is wrong and contradicts DeVos pledge to promote ‘great science’ and ‘critical thinking.’ 

This is how fascism drives a wedge into society and common beliefs. Koch Industries is the only beneficiary of dumping toxins into our environment for their short-term profits.

Who are better investors—men or women?

Most people say men. They dominate Wall Street profit machines. They take risks and overwhelmingly believe that they can beat the market. When they lose, they get bailed out since we let them play with our money. Just like most drivers say they are superior drivers. Hubris or overconfidence? Fidelity’s study found that women are better because they don’t do those things. In fact, Fidelity found that if you leave your account alone you earn more. They don’t trade as often in risky equities and they know they are NOT ‘masters of the universe.’ Another study says women earn 1% more than men. Women also save/invest more. They take the long view on investing like Warren Buffett’s strategy. Buffett earns over 20% per year (2016: p2) by NOT trading. Active investors earn just 3.79% while a low-cost market index fund earns 11%. (dalbar)

Your choice: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

I wrecked my portfolio; did you?

My retirement nest eggs could have contained over a $1 million. Invested at 8% in a balanced fund, I could have spent $80,000 a year on average. But I fell victim to 10 investment biases that wrecked my portfolio.  After learning about my mistakes, I was able to recover and still grew it to $900,000. I had never heard of Warren Buffett when I began investing in the early 80s. Warren Buffett had not yet provided his secret to investing.

            I had no idea that for investing, the key to success is cost.

            I did not know you can avoid taxes on retirement income.

            I did not know my money could grow faster just by leaving it alone.

My first contact with 'investing' was deciding which options for my 401k account. The HR person said “you won't lose money with this one.” They steered me to the “stable value” and money market options. That was my first big mistake.           

I learned to avoid my biases and invest well: https://www.amazon.com/investment-biases-that-fried-nest/dp/1547188952

Should you buy a house?

Your home could be considered an investment. Actually, for most middle class folks, it was assumed that you have a big asset, not just a place to live. Why? Because you are not “wasting” your money by paying rent and having nothing to show for it after 30 years. Now a new report says, Forgetaboutit. Making payments for 30 years is not good for you. Current trends of slowing rents relative to the costs of ownership and climbing mortgage rates in some markets support this view. Three cities, Dallas, Denver and Houston, are in historically high territory for renting being the better option for building wealth. The housing supply continues to fall and you still need a place to live. The overall return on home equity wealth is still about 5% over time. If you have been paying for a while, this may be the smart time to sell with rising prices. On the other hand, homeowners 65 and older who still have mortgages have ballooned. Some use their new 15-year mortgage and property tax to reduce income tax. Others take their equity and downsize or rent. The standard deduction for most neutralizes any tax deduction. Secure employment can make home ownership a no brainer but the trend is down reflecting economic upheaval.

Make your financial life simple: https://www.amazon.com/Simple-Financial-Life-paycheck-paycheck/dp/1441499326

Trump tax cut down-played by J P Morgan

Analysts with very expensive crystal balls said they now see $100 billion of annual debt-financed tax cuts to take effect in the second quarter of 2018. They previously forecast $200 billion of such tax cuts per year to start in the third quarter of 2017. Tax cuts for the rich inside the new TrumpCare bill increase the deficit by $600 billion. (Congressman who wrote the cut to Medicaid funding bill for ObamaCare got $800,000  TrumpWorld.) With his tax cut bill, the Congressional Budget Office projects that the federal debt will grow by $10 trillion over the next decade. Wealthy folks keep buying stocks and moving firms overseas; pushing Wall Street prices higher assuming the Trump bump. It looks like the GOP wants to increase the deficit putting the burden on the next generation. Their experience in KS illustrates the effect of tax cuts to the wealthy. KS was close to bankruptcy and the KS GOP leaders have reversed the 2002 tax cut on business and high earners. The wealthy buy art and assets, they don’t buy new factories or businesses. We pay the taxes they don’t.

Take your tax credits now: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Trump encourages religious zealots with more paranoia

The Don told a religious gathering that "we're under siege" but will emerge "bigger and better and stronger than ever." He supports evangelicals “to follow their faith.” For some conservatives this means discrimination and bias is OK—“live by the teachings of their faith." He does not mean for Muslims and other minorities. In fact, anti-sharia rallies are the new Trump demonstrations. The evangelicals applauded for Gorsuch as a Supreme who they see as ending legal abortion. They support destroying the church-state wall so tax-exempt orgs can help decide elections. He promised to defend religious “preaching what is in your heart.” For some this means not serving gays and minorities and managing behavior through health care benefits. No birth control, no abortions, and no sex for gays are the basics. Trump promised no support for health care options for the poor. He will find more GOP voters to end the ‘siege’ felt by those who want a ecclesiocracy with Trump as the appointed ruler: “I alone can fix it.”

Evangelicals ignore what Trump calls TWO Corinthians: "I have written you in my letter NOT to associate with sexually immoral people." “Grab them by the __ “Trump

Evangelical Christians applauded him for 3 minutes. Beware false gods.

Industry OK’s advisors who rip us off just do it again and again

A new study shows that HALF of bad advisors HELD on to their jobs after being caught. About half of the rest got jobs at other financial firms. In other words, a year after serious misconduct, about three-quarters of advisors found to have wronged clients are still working. Using a bigger firm makes no difference. These predators go for those with less college and older age. All advisors must produce revenue for their firms. Some firms seem to attract suspicious employees. They certainly are not working for us. They often sell us products we don’t need or products inferior to others. In an experiment, 85% of advisors changed an age-appropriate low-cost portfolio to an expensive version. And the industry works hard to disguise its costs. Most of us have no idea what we pay. “The broker leads them to believe they’re not paying any fees at all,” one critic says. Firms have margins of 39% and signing bonuses of effective sellers can be $6.6 million. Conflicts of interest costing investors dearly—up to 63% of our nest eggs. The industry and the Congress it helps with elections have no incentive to control bad actors. Without high fees brokers claims they won’t service those who need help.

Is “advice” really just a sales pitch like a car salesperson:  https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545

If Putin can hack our election computers and change votes, can our power grids be next?  Hackers have devised a cyberweapon that has the potential to be the most disruptive yet against electric systems that Americans depend on for daily life, according to U.S. researchers. The malware, which researchers have dubbed CrashOverride, is known to have disrupted only one energy system — in Ukraine in December. In that incident, the hackers briefly shut down one-fifth of the electric power generated in Kiev. We have NOT done a thorough investigation of all of our state voting computers yet. Re-counting fake votes does not solve the problem. Some states like GA PA dismiss idea since GOP won. Trump’s hunt for voter fraud takes us away from questionable GOP manipulation, like deleting voter rolls, etc.  The head of the Senate Intelligence Committee told USA TODAY, "I don't believe they got into changing actual voting outcomes," Virginia Sen. Mark Warner said. But Congress doesn’t know for sure!  Homeland Security, which works with the owners of the nation’s critical infrastructure systems, did not respond to a request for comment by the Washington Post. Some utilities are trying to catch up but we saw what happens if they don’t fix the system.

We used a similar tool on the Iran centrifuges and now the Ruskies can use it against us.  

GOP tells reporters they can’t interview Congress without approval

In a dictatorship, the junta in power starts by using “protecting” and “security” as the excuse to cancel our rights. Now the Senate Rules Committee is forbidding reporters from interviewing Reps on the run, in the halls, where they are accessible. Instead they must get a scheduled interview, which senators often cancel. Recently, House GOP attacked a reporter for asking about health care and got ‘community service’ (his job) not jail. And Trump asks for loyalty from all his employees, even his cabinet.

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

TrumpWorld

Goal: Trump brand around the world

Trump Jr promotes his properties during official visit to Saudis

You and I pay for Trump kids’ security and travel around the world

Trump boasts of highest TV ratings since ‘the World Trade Center came down’

‘Trump’ brand is all he cares about—it is all he knows. Trump vs America brand

He only reads the Intel that contains his name.

He pushes others out of the way for TV shot

“Covfefe” means “I’m tired of this BS”

We can’t stop watching his “apprenticeship for president” show EVERY DAY!

‘I could shoot someone on 5^th avenue and not lose voters’

Two Americas

Trump is still just a mafia contractor from Queens—Fred taught him to be The Don.

Like mob boss, he asks Comey to let Flynn probe go, then asks for loyalty, then fires him, then threatens him. https://twitter.com/realDonaldTrump/status/863007411132649473

Trump illegally pushes 2 top Intel heads to help him with FBI probe Coats testify

Putin is NOT just another mob boss The Don is used to dealing with mobs in NYC.

Trump is not concerned about Putin hacking elections bec/ it does not hurt his brand.

Chris Wray to FBI so he can get Trump off like Wray did for Christie’s Bridgegate. Wray kept secret Chrisie’s messages to staff who were convicted of giving order to close.

Russia interfered with U.S. voting software before the 2016 presidential election.

Senate votes to block any Trump rollback of sanctions for interference. 

Russian lobbyist Rich Burt helped Sessions write Trump policy speech in mid 2016

Ryan admits The Don is incompetent to lead America--Mafia yes: “an offer can’t refuse”

Trump promise to testify like promise to show tax returns and deport 11 million.

Lawyer Kasowitz’s clients include Russian bank and oligarch close to Putin. Manafort

Mueller is now examining whether Trump tried to obstruct justice. Comey, Rogers, Coats

Trump retreat from world: America was happy “between our two oceans,” he said, until realizing “what a crummy world if we all retreat inside our own borders.” Gen Mattis

“When America gives her word, we have to live up to it and work with our allies.”

Trump calls his TrumpCare bill ‘mean’ this week but “great” last week. Polls at 40%

Jared in charge of everything is quiet like Chauncey Gardner (Peter Sellers) Being There

TrumpWorld – using presidency to make money the old fashioned way:

Trump Justice Dept says OK for The Don to receive foreigner’s payments (bribes)

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

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

“It is nearly impossible for one individual to take on a corporation with vast resources.” Supremes stop us from suing—State courts no longer available to sue corporations!

Michael Joseph CC, VisionQwest Resource caught defrauding 150 $1.2m taxes.

Mike McMahon Caught ‘churning’ cost client $267,567 in fees; lost $261,441 trading AP

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

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

Police want gun control.

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

Silencers for sale soon by GOP House bill

SCAMS:

Like 60s rock music “normative” amounts of teleconference linked to deviant behavior?

Ignoramus Award:

Like Americans, UK is having second thoughts about withdrawal from the world.

France avoided Putin’s disruption.

Tangier Island is losing 16 feet to rising tides every year, mayor told Trump, who said, “I believe your island will be there for hundreds more.”

LA coast lower Mississippi area flooded faster than expected

How our government wastes our money:

If Gen Flynn and Jeff Sessions can refuse to answer Congress, is there any law now?

Mattis told lawmakers ‘we are not winning’ in Afghanistan. Mattis said the Taliban was.

$13 Billion carrier that can’t handle airplanes yet Congress paid overruns and bonus for it

Where have all the jobs gone?

Half of all retail gone by 2018—automation is cause unless tied to sales or handling.

Bank America layoffs staff again

The average wage needed to rent a two-bedroom home ($21.21) is nearly three times more than the federal minimum wage of $7.25. Over 2 million US workers make at or below the federal minimum, according to the Bureau of Labor Statistics.

Job interview will ask for your salary requirements. Answer: I will research the range.

Which job board sites are best for your job search?

Cancel Robo calls with Mr NoMoRobo: https://www.nomorobo.com/ 

Miracle:

Bullies in schools are drawing inspiration from Trump. It takes a miracle to undo attitude.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts