tax-FREE retirement income

 Make your retirement nest egg tax-FREE

Because the wealthy have many ways to avoid paying their fair share of taxes, we will have to carry double the burden for the rest of our lives. Exhibit 1: Trump paid $750—paying more to China, Panama, India, Philipines, etc than to US. Not only do the wealthy avoid paying taxes, the corporations they own have paid $0 taxes for many years. So are there any LEGAL accounts we can use to avoid taxes, especially during our more vulnerable years in retirement? We can’t live on Social Security benefits alone so we need to make our savings and pensions worth more—FREE of tax obligations. There is still a way for us to avoid having to pay off the federal debt ourselves. We will have an extra 20-25% in retirement income when we need it. This legal saving and investment account costs little: free of lawyers, accountants and money manager fees. We don’t have to go offshore, use fake empty shell entities, or play accounting tricks to have more income later. The account is approved by the IRS so we don’t have to fear an audit.

Make your income tax-FREE: https://www.amazon.com/New-American-Retirement-System-Reserve/dp/1461030072

 

Give your child a leg up

Investing is about TIME: starting early can create a tax-free $1 million Wealth Reserve for your child’s security. Yes there are self-made millionaires but the real money is in family legacies over time. Think Rockefeller family. Most of us don’t learn about the Time Value of Money until it is too late. $100 per month in a tax-free account is worth over $1.6 million after inflation in 65 years. How can $78,000, invested over time produce $ millions? When you invest for your child, you are loaning profitable corporations your money. They share the profits as dividends and increases in value over time. “Over Time” is the critical part. Because we can’t predict the next Apple to invest in, we invest in many large profitable companies. Over time, studies show a low cost index mutual fund provides growth of 11% a year. Why “low-cost” is important? Using a middle person can rob us of 2% per year in growth. The myth of Wall Street is that we need middle people to make successful investments. We now know that means we give up 63% of possible accumulation with no guarantee Wall Street will make us successful. Give your child a leg up—start your family legacy today while stocks are down (on sale)

Create a legacy: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

What are your biggest investing mistakes?

No matter how much money you have saved/invested, your mistakes could be the same as those of the wealthy. In a recent survey, they said they did not seek guidance and looked at historical returns. In the past, they said they did not diversify their portfolio and did not have a financial plan. It is very true that times change, but the basic capitalist world still exists. Stocks still earn more than bank CDs, especially in a crisis. The Harvard endowment, valued at $41.9 billion, returned 7.3% in the last fiscal year. You are still better off with a diversified stock/bond portfolio than a money market account. What does Warren Buffett advise? His advice is NOT biased by fees, commissions, kickbacks, broker vacation trips, prizes, packaged-product bonuses, etc.

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

 

GOP’s idea of socialism

Our Federal Reserve, our central bank, is buying trillions of assets to keep wealthy investors wealthy and struggling firms alive. We will be paying the interest for our lifetimes while the investors and managers will be taking the gains. This is the essence of socialism: Private gain, public loss. The Fed has propped up the prices of corporate and municipal bonds, and bailed out “airline bondholders.” According to conservative George Will, “the pandemic has propelled government toward promiscuously picking economic winners and losers. Instead of giving 3.7 Trillion to the rich, we could have fixed our crumbling bridges and saved $ millions in unemployment comp. Meanwhile our ‘leaders’ ignore 30 million who are out of work. And execs of big companies give themselves $ million bonuses while screwing workers, suppliers and investors with bankruptcy. Private gain; public loss: profiting from their own mismanagement crimes, the American way!

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

 

How can we beat the Wall Street “professional” players?

We don’t have super computers, talented analysts, large leverage or fast traders. We only have the facts of investing like Billy Beane did in baseball. He knew he could not afford the famous “professionals” so he listened to a man who knew the facts about how wins happen. He learned that steady slow growth won over a long season. His “expert” scouts quit—his coach did not use his picks. We can win. First, we acknowledge that we have no budget for investing. We can't afford the hedge funds, offshore tax shelters, and expensive Wall Street money managers taking 2-3% a year. We use the strategy of the long-term master, Warren Buffett: We beat the famous over-paid Wall Street stars.

https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

 

Why it is so hard to save for retirement

We don’t make enough money. Since 1980, worker wages have lagged productivity increases. Businesses have found ways to increase their gains while paying less for labor. Since 1979, productivity has increased 69%, while wages have increased 11.6%. Before 1979 wages increased with productivity after WWII. The middle class especially skilled blue collar work in factories paid well enough to buy a home, have children and save for retirement. The American Dream was realized for unionized white skilled labor. More modern and efficient business processes changed all that. Many middle class families had to start working more hours and enlisting both husband and wife for the same real income level. Education replaced skilled labor as the business management became sophisticated. For instance, in the 1980s I had to type my own reports, answer my own telephone, automate information systems and do my own budgets. The “good old boy” salesmen were out and modern statistical marketing was in. In 1976, the new American retirement system was born. It got better in 1997. It can provide tax-FREE income.

Start now: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Why child life insurance is NEVER a good deal

Most of us have received a flyer in our junk mail, Sunday paper or online adverts for child life insurance. The selling “hook” as they call it is simple: buy life insurance now while your child or grandchild is healthy or young. It’s cheap and no tests. When my parents were first time parents, this kind of insurance was purchased as a substitute for saving/investing too. This type of policy grew out of the time in our history when many kids died. Families were larger because farmers needed a lot of free manual labor. Unfortunately, the pitch still works for some insurers and they are making a ‘killing.’ One company in McKinney, TX took in $4.304 billion in 2018. Few parents collected the $30,000 death benefit because very few kids die today. Plus how many parents want to make money from their child’s death? So instead of spending $25 on a policy that makes sure they get “coverage in the future,” use the money to help pay for their education. There are insurers for every illness or accident that may happen. Most young people can buy a $300,000 benefit for $10 a month by age 30. Children don’t need it; you do.

https://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178/

 

Is a deductible IRA contribution right for you?

The rules changed for 2020: IRA contributions after age 70½ are permissible.

The SECURE Act repealed the age restriction for Traditional IRA contribution eligibility. Effective for 2020 and later taxable years, individuals with earned income can make Traditional IRA contributions at any age, not just for years before reaching age 70½.

For 2020 and later, there is no age limit on making regular contributions to traditional or Roth IRAs if you have earned income. If you had self-employment income or W-2, that income qualifies. If your spouse had income and you did not, that qualifies too with some limits depending on participation in a retirement plan. Spousal IRAs: If you file a joint return, you may be able to contribute to an IRA even if you didn’t have taxable compensation as long as your spouse did. Each spouse can make a contribution up to the current limit; however, the total of your combined contributions can’t be more than the taxable compensation reported on your joint return. See the Kay Bailey Hutchison Spousal IRA Limit in Publication 590-A. If neither spouse participated in a retirement plan at work, all of your contributions will be deductible. The annual contribution limit for 2020 is $6,000 or $7,000 if you're age 50 or older. For many of my tax clients, this means they can reduce their income and thus their taxes for 2020 due April 15, 2021.

Alternative tax-FREE IRA: https://www.amazon.com/You-Can-Afford-Retirement-FEE-FREE/dp/1517738253

 

 

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

 

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

 

Supremes decide election … again?

 

Dictator: “It’s going away.”

Dictator’s chief: “It’s out of control:” 230,000+ dead

Dictator: F*ck Obama: “It’s America’s last climate sanctuary.”

 

Dictator: “I am the only one who can make America truly great again.”

 

Trump wins: have mail delayed and have Supremes void all votes received after Nov 3!

 

 

How Govt wastes our money: Our Representatives gave 3.7 Trillion to the wealthy! 

TX using armed troops to intimidate Dem voters in 5  cities

Movie moguls ask Congress for bailout too

Trump biz soaking US $ millions for his $3 glasses of water, bed, snacks, guests, friends

 

We pay $375 million for virus antibody: $1,500 ea and don’t even know if it works yet

TrumpWall maintenance costs TRIPLED: military suffers; no bid vendor is T’s donor

 

SCAMS/SPINS:

Why no Americans are concerned about facts: trust comes from integrity

Even with a job, we are worse off now than in 2008 recession; more folks tap savings.

Can Republican Party survive the election: party with only Trumpism as its principle

 

HALF the 2016 total already voted: crisis: will GOP Supremes make Trump president?

Federal crime to delay mail: why is Postmaster not in jail? Trump’s Supremes stop count

 

GOP 5-3 Supremes back WI GOP cut in vote counting due to Trump’s mail delays

GOP 5-3 Supremes back AL GOP ban on disabled curbside voting law: vote or die?

GOP has been packing state Supreme courts for years: MS abortion ban decided

 

Jared’s plan for Blacks: “they have to want to be successful”: like my pa’s $billion legacy

Social media scams to change our attitudes: “fake tweets are extremely easy to produce”

Trump delivers health plan to 60 minutes: thousands of exec orders, proposals NOT plan

Immigrants help economy/community: Trump wrong on immigrants’ behavior

 

Domestic terrorists buying now: 20-fold jump in sales like $220 gas mask, AR15s, etc

15 million more guns 2020: suburbs fear domestic terrorists; teens with AR15s; Walmart

Recession is over for high-wage workers: just starting for 30 million “essential” workers

Trump to cut 12,000 “best brightest from around world” visa doctors treating virus, etc

 

Trump Kodak loan scam: Jared’s bud gets exec order to use our money for bonus deal.

Carrier given $7 million to keep jobs here: 17 more IN firms have sent jobs overseas.

Foxconn’s $10 billion WI plan create 13,000 jobs: actual 520 people only $300 million 

 

Trump’s SEC will NOT safeguard investors from risky funds: leverage can double losses

 

Kanye West was inspired by God to be the "leader of the free world": Trumper’s alert

Trump’s own religious cult grows without masks: “patriot” churches blaspheme God?

Trump’s new show: “I’m The Apprentice” –You are fired!

 

Electric cars can catch fire: each maker has problems

Accidents by Teslas still driver’s fault: “No vehicle is capable of driving itself” anywhere

Tesla recalls ‘13-’18 S, X 30,000: suspension connecting rods may break

Best scams for this time of year: know your situation and how scams work

Scam with fake Barclay phone number: enter number in https://whocallsme.com/

Low VA Rates caught misleading, false info in mortgage offers to Vets: fine no jail

 

Trump building scam costs investors $270 million: forgiven debt usually taxable but not T’s

How Trump avoids taxes we have to pay: detailed analysis

 

Trinity Healthshare caught misleading of “full” coverage; many contracts NOT insurance

Facebook Twitter scam adverts blossom: no vetting; anyone can scam

Anthony Robinson caught scam accidents with big rigs for insurance: lawyers doctors too

7 guys caught in “pump ‘n’ dump” microcap stock cold call: no jail, no fine, letter to stop

 

Homeowners beware: some insurers using unlicensed adjusters to cut expenses: oversight

 

Home warrantees: costs may exceed benefits since you can’t know lawyer caveats

 

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

Check Social Security: https://blog.ssa.gov/

 

Safeguard data: ConsumerReports help: https://securityplanner.consumerreports.org/

 

Jobs

Need infrastructure jobs program: 10.7 million jobs short of pre-pandemic level. 

Thinking of starting SS benefits? Check rules on losing benefits while working

 2021’s top 10 best-value colleges and universities: cost is a factor

 

Claim ALL your unemployment benefits: each state has rules, process, forms, etc

College application process tips: save fees, testing, virus alternative 1^st year

 

Who owns your account now?

Hospitals that deliver superior patient outcomes within 16 service lines by state

Claim your benefits from old insurance/annuity left by relative: $ may be tax free

Business-interruption lawsuit payout just approved by NC judge: most suits denied

 

Miracles:

14 year old Indian-American discovered new potential therapy for Covid

 

GOP 6-3 Supremes primed to reverse US back to 1950s: abortions illegal, dirty air, no wildlife reserves, no voting rights, 0 immigrants, no health care, red-lining housing, no interracial couples, Trump self-pardon, cancel IRS audit, no gays, discriminate by religion, decide our elections, dismiss suit Trump as rapist, etc

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

 

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

Six lessons every high schooler knows for success

What every high school student knows for money success

Only 13 states require high school students to take a personal-finance class to graduate. Among 16- to 18-year-olds, 86 percent said they would rather learn about money management in the classroom than make financial mistakes in the real world. When young people enter the working world and have to make it on their own, they should have learned these six simple lessons. As soon as they start working, they will be asked or challenged to start saving/investing. Of course employers can’t help them make the right decision about investment options. They would be liable. Most financial products are a waste of money. Unless you are running your own business, the best strategy is to follow Warren Buffett’s advice. He said buy a low-cost market index like Vanguard 500 Index monthly and don’t stop. He just proved it by beating 6 hedge funds.
The six lessons:

You don’t get rich by saving in the bank.

You don’t get rich by spending more than you earn.

You don’t get rich by ignoring investment costs.

You don’t get rich by ‘playing’ the market.

You don’t get rich by paying taxes on your investment earnings.

You don’t get rich by destroying the miracle of compounding.  Compound earnings is a miracle: $3,000 a year; 33 years or $99,000 in; $1,000,000 out.

https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045

Bogle explains why market timing does not work

Emotions will always give you the wrong money signals. We need to control them or pay someone to help us control them. Why? Because the record of being in ‘it to win’ for the long haul provides our best chance of a having enough money. We can earn 10-12% per year over time. Bogle insisted we don’t need to pay a person to control us once we understand how the market works and how costs matter—fees hurt us badly. Over time, our all-in 2% fees/trades will take up to 63% of our long-term potential total accumulation. WOW. We give up over HALF of what our money can make for us. We pay for Wall Street’s wealth. Watch Bogle’s last interview:

https://www.cnbc.com/video/2019/01/17/ jack-bogle-in-his-last-cnbc-interview-on-why-timing-markets-never-works.html. John Bogle was ridiculed by the industry for saving us $ millions. He was an industry disruptor—and now index funds—ETFs are its choice product.

Pay less; earn more: https://www.amazon.com/Disruptors-Three-Innovators-increase-WEALTH/dp/1720857563

Watch your 401k fees and charges go up

Plan administrators and employers are worried that all the big money leaving for retirement (rollovers to IRAs) will cause them to lose profits. Younger workers have smaller balances. If you find yourself in this situation, rethink your asset allocation so you are using the low-cost funds. If your plan has little or no matching funds from your company, it may be time to reconsider. Moving out of your 401k to a self-directed IRA may seem a good value since the same assets you invest in now will likely be available in an IRA trust account. You can move your assets without a penalty by using an IRA trustee to manage the rollover transfer—you don’t touch the money. Trustees like Vanguard and other funds have Target Date offerings inside an IRA. You still can deduct contributions and grow earnings tax-deferred, but you are not paying a plan administrator a $7 figure bonanza. You need the amount you pay in fees more than they do.

Consider the alternatives: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

New standard deduction may make these deductions/credits irrelevant

In 2018, you can still deduct some expenses IF they total more than the new standard of $12,000 single; $24,000 joint; 18,000 head household. Deduct $5,500 ($6,500 over age 50) for IRA; student loan interest; alimony; health savings account; self-employment tax; self pension; self health plan; special occupation; health plan premium; mortgage interest; property tax; charity; education credit; child care credit; energy credit; premium tax credit; foreign tax credit. Confirm the info: https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

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

Social Security and Medicare changes

The average SS benefit with COLA increase is $1,461 per month. Medicare’s 60 million beneficiaries will pay $135.50 per month, up $1.50 from last year. High earners will pay more for both Medicare Part B and Part D. However, they will only be taxed for SS on $132,900 of their earned income. Most wealthy also pay less in the new GOP tax rates—plus the 20% profits deduction for small business owners. In 2019, retirees younger than 66 can earn up to $17,640 before losing any SS benefits. The current full retirement age of 66 is increasing for workers born after 1954. Once our income including SS benefits tops $44,000, we pay taxes on up to 85% of our SS benefits. (Taxes on money we paid tax on already.) Meanwhile using tax loopholes, Jared and the Trump Mob pay less. They actually receive our tax money as rewards for using tax shelters.

Learn to pay your fair share: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Where all your broker/advisor commissions, fees, charges go

Everybody gets paid very well and still the owners clear 15-25% of the revenue. A large Wall Street firm can make $ billions from helping companies sell their securities to the world, loan securities to other firms, buy and sell securities to retail and wholesale customers, loan you money to buy securities, and more. Owners like the Johnson family of Fidelity take millions of your investment dollars each year for bigger mansions, yachts, planes for each child. Abigail alone, the granddaughter of the founder, has a net worth of $16 billion. The rest of the family has to be fed too. You need it more than they.

Don’t let Wall Street take your money: https://www.amazon.com/Wall-Street-Cleans-Up-Advisors/dp/1517043255

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

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his new lawyer says

Yes, he ‘coached’ Cohen for Congress, his new lawyer says

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

Can’t understand why unpaid workers (slaves) need food banks

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

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

Mueller report costs us $ millions but we won’t get to see it. GOP will quash it.

Body-cameras’ annual maintenance too costly for some police to keep them going.  

Wall costing a lot more than $5.7 billion—economy lost over $5.7 billion so far!

IRS can’t process paper returns/refunds—hundreds can’t get to work.

Smithsonian losing $1 million a week during shutdown: young minds go wasted.

Senate votes twice to continue the pain for American business and workers: Coulter wins

SCAMS/SPINS:

401k asset fees get paid back to your employer so 401k fees must be raised.

Stephen Davis, RI, caught giving bad advice: client lost $60K, firm ignored; fine

Gary Basralian caught stealing $2 million from clients; Royal Al. failed; jail time.

Christopher Lossing NV sued stealing ex’s brokerage money due from divorce. 

How many people does your broker/advisor firm have to take care of?

Walgreens caught overcharging Medicare for insulin pens: fines, no jail

Hospital, Doctor, Drug company lobbyists prepare attack on Medicare for All

Trump’s mob can’t understand why unpaid staff need food bank: ‘just take on more debt’

Another Trump mobster arrested—Stone charged: obstruction and lying.

Trump’s AG promises NOT to release the Mueller report—Hide what from Russia?

Trump lawyer: he talked to Cohen about his congress testimony! Confirms obstruction

Mob Boss ‘threatens’ Cohen: Cohen quits his congress statement—gives it up to Mueller

Trump bluff failed: No State of the Union in House—Dictator: State of Emergency next!

USA in chaos is just what Putin wanted Trump to do—national “marshal law” next?

GOP senate won’t vote on opening gov until The Boss says they can! Wall or end USA.

“Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

Trump has fingers made to look longer, hair better, face slimmer, etc in media.

GOP can’t say “You’re fired” to The Boss because his voters will ‘kill’ them in 2020.

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:

1,500 laid off at State Street mutual funds and stock price rose.

Our future: I got another human from my boarding house to service my robot while I take my kid to the Make a Robot Fair. I fear there won’t be many robots like mine to fix in the future.

What about running for president? Field is wide open and filling fast—20 in 2020?

Airlines have more planes so need more pilots: what about flying?

Top jobs for the next 5 years are obviously tech: $200,000 for best unless you have ‘juice.’

Who owns your account now?

Sears employees’ pension funded to 64% of promises—gov takes over paying

Thousands disabled work through federal program but sent home; no pay

Great-West Lifeco’s life/annuity biz to Dai-ichi Life’s Protective Life

Miracle:

Graeber says FDA approved 2 anti-cancer drugs with 60 in preclinical and 30 in trials.

Alzheimer’s cause: P gingivalis, the key bacteria in chronic gum disease. Cure in trials.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

This is how Jared avoids his fair share of taxes

This is how Jared avoids his fair share of taxes

Like papa, Jared uses other people’s money to buy commercial real estate. He pays himself well to create losses. He adds the phantom expense called depreciation (building use and aging). The losses mount up over the years and are added to this year’s loss. He earns $millions but never pays tax. We taxpayers actually give him a refund. Here’s an example from 2015. W-2 income: $198,000. Taxable interest: $536,000. Dividends: $1,000. Capital gains: $974,000. Deductions: Tax losses from real estate and other partnerships: $3.5 million. Tax losses carried forward from previous years: $4.8 million. Total adjusted gross income: Negative $6.6 million. Tax refund $4,000. A new Jared NJ property just so happens to be located on one of papa’s US Opportunity Zones for another tax subsidy in Jared’s future. We have to pay Jared’s share of taxes too.

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

Prepay your 2019 tuition to maximize your tax credits

If you paid less than $4,000 of tuition for your college student, you can pay for the first semester or quarter of next year's college tuition in December and use that tuition for this year's American Opportunity Credit. However, you want to do the exact opposite if you've already paid more than $4,000 for your college student who qualifies for the American Opportunity Credit. You get no additional benefit from the American Opportunity Credit (max $2,500) if you pay more than $4,000 in tuition each year. In this case, you'd want to wait until January to pay tuition. That way you might increase your American Opportunity Credit next year since you've already maxed out the allowed credit this year. Be sure to show a Form 1098-T from your college or university to your preparer. Credit is partly against tax and partly refund if you owe nothing. 

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

Are you tempted to move your nest egg to gold?

Before you buy gold or its ETF, GLD, compare the fall it made in 2012, losing more than HALF its value over 10 years. Meanwhile over the same 10 years, the stock market index IVV, grew 129%. Use perspective to judge your investment accomplishments. Of course they all go up and down but did you and your broker KNOW to get out of gold on July 1 2012? I doubt it. Market timing is a sure way to lose money—you must be correct getting in and getting out. Over time your best bet (unless you have insider information like our Congress people do, is to hold, NOT to use a professional ‘gambler’. Compare broker /advisor-assisted accounts to a stock index (S&P 500): 3.79% vs 11.04%. Would you rather earn 11% over time? (most fund fees <0 .04="" o:p="">

Forget the ‘professional’ salespeople: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

Is final expense ‘senior’ life insurance right for you?

‘Premium never goes up and coverage never goes down.’ ‘You can’t be turned down.’ ‘Don’t leave your family with expenses.’ ‘Only $13.40 a month.’ Let’s look at the caveats for these plans. Coverage is limited for first 2 years and $13.40 buys only a $2,000 benefit at age 60 if you are female. Average age at death is 81 female, 76 male. So $13.40 for 20 years is $3,216. A $2,000 benefit (costing $3,216 or more) will be worth $1,000 in 20 plus years (inflation). You can buy more but the cost goes up at each age when you buy it. If you want to cover funeral and medical expenses for sometime in the future, this is the worst way to do it. No medical means the rate is the highest possible. If you invested your premium in a saving account or CD, you might have $4,400 not $2,000. Bank POD accounts serve this purpose. Clearly this account is for someone who responds to emotional TV appeals. A cost-effective legacy would provide an IRA which pays the beneficiary immediately. This could include funds for the funeral AND help the grandchild. Besides, after you pass, your debts are not owed by your relations.

Pass on your legacy: https://www.amazon.com/Give-your-Grandchild-Lifetime/dp/1456433105

Need help starting to save? How’s 5%?

This credit union will pay you 5% on your money to get you started in a regular savings plan. This plan includes a checking and savings account plus certificate of deposit earning 5%. The requirements make it a perfect savings starter for a young person. This is the first step to using the IRS approved tax-FREE account—the Roth IRA. You earn great rate and you pay no taxes on the interest. WOW 5% without paying taxes on interest. Later when you feel comfortable, you can experience tax-FREE growth on a securities account at a low-cost mutual fund provider. Then you can earn 10-12% on your retirement investments and pay no tax now or later when you take the money out. You can take out contributions anytime tax FREE. However, if you keep investing automatically in this account, you could reach $1 million later—Compound interest and earnings without taxes EVER. Compounding is what keeps the rich, rich.

It is a miracle: https://www.amazon.com/Miracle-Compounding-Turn-$9-a-

day-into/dp/1470176513

Is this tax shelter right for you?

You can save/invest up to $500 a month and never pay tax on your earnings. This tax shelter is approved by the IRS! You don’t have to hide your money overseas. You don’t need a lawyer to set up the trust. You don’t need an advisor to manage your earnings. You don’t need an accountant to prepare your return for this shelter. You can set up this shelter on the phone or online in about 1 hour. You can have the trustee put the same monthly amount in automatically. You can have the unbiased trustee manage the securities at little cost. Tax-FREE earnings means you are not paying 10%, 12%, 22%, 24%, 32%, 35%, or 37% on your money after you accumulate $500,000 or a $1 million or TWO. (You can earn 10-12% a year over time.) There is no penalty if you need to take out the amount you put in so far. You may even be able to put your 401k in this shelter.

Buy before Congress changes terms: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

How can you avoid home buying mistakes?

No 1 rule: get mortgage first so you can pounce. Write down your absolute needs. This will NOT be your only house. Be practical—walk around neighborhood at night and day—looking for noise and pollution. Never buy a home with a shared driveway. Consider the nearby activity—your street used as detour from main road when school in session? Do research: Look at the neighborhood tax records—are taxes jumping in recent years? Consider estate sales—study internet listings for private sales—for real bargains. Make sure you have $5,000 on hand for immediate repairs or new inside painting—costs less BEFORE you move in. Buy lawsuit insurance too.

Make a plan: https://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870

Is the IRS saver’s credit right for you?

Yes, you can receive a credit for saving worth up to $4,000. The amount of the credit is 50%, 20% or 10% of your retirement plan or IRA or ABLE account contributions depending on your adjusted gross income. The maximum credit amount is $2,000 ($4,000 if married filing jointly). The Saver’s Credit can be taken for your contributions to a traditional or Roth IRA; your 401(k), SIMPLE IRA, SARSEP, 403(b), 501(c)(18) or governmental 457(b) plan; and your voluntary after-tax employee contributions to your qualified retirement and 403(b) plans. Let Uncle Sam help you get rich.

Use your tax refund to fill your account: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

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Make America, “The Don”, Great Again

Senile Psychosis

Truth isn’t truth, his lawyer

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

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

J F Kennedy was 43 when he beat Nixon

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

Farm bill gives owners’ cousins who don’t even work on farm $125,000 paycheck too.

Congress takes money from children to pay for their perks: Congress gets farm subsidies.

Here are the people who REALLY decide how our tax dollars are spent.

SCAMS/SPINS:

3 people agree with Trump’s global warming analysis: Putin, Saudis, Kuwait dictators.

Trump to enslave Army into building his ‘wall’—unconstitutional? Berlin Wall failed too

10 terrorists were NOT caught at border: Trump’s trumped up hysteria for the base.

Steven Pagartanis, NY caught stealing $9 million over 18 years in Ponzi on seniors.

Veteran Charities collecting for sponsors not veterans. Taxpayers pay twice.

The ‘Leader’ violates every legal protection under the law: Obstruction and Tampering.

Mob ‘fixer’ gets 3 yrs. The Don denies telling fixer to hide own crimes. Just like Nixon!

Can Don the Mob Boss escape his ‘dirty deeds’? Don still not knows he broke the law!

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.

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Jobs:

Tesla may put car workers back to work: GM Ford abandoned cars and their workers.

Trump chief of staff: you must be able to act like slave, lie and misdirect convincingly

Extra cash from jobs you can do any extra time.

Separating children from parents seems to be part of the job: NYPD, ICE

Facebook calculating where you will be in the future: prevent crime? Catch criminals?

Who owns your account now?

What are your rights when you buy a DNA test?

Fewer children have health care with Fed cuts. Congress people take more coverage.

Merced P&C taken over by CA after fire claims wiped out insurer of many wildfires.

Let a real estate company buy your house: forget the hassles … for a price.

Keep your receipts: IRS goes after the ‘little people’ since ‘short 1/3 staff’ for wealthy.

Did your ObamaCare plan lower its price this year: check out what you have TODAY.

Miracle:

One woman, 97, helped save our right to vote in NC like she did in 1942: Say Preamble!

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Is the Roth 401k right for you?

Is the Roth 401k right for you?

Over 70% of defined contribution plans allow retirement investing designated a Roth. More plans are offering higher matching contributions. More plans are REDUCING the number of options so you can make a better choice of long-term investments. Using the Roth tax-advantage means you can spend your entire retirement fund—no taxes. For those who can’t put much into their plan, this may not seem much of a benefit since they may not have enough income to cause an income tax bill. However, if you have a family income over $100,000, you will definitely benefit from the Roth tax shelter. Yes, you pay income tax now on your current income but the Roth advantages can be astounding. Investing just $250 a month from age 30 or a total of $99,000 ($3,000 a year X 33) and you will have about $1 million—all TAX FREE. You follow Warren Buffett’s strategy—buy and hold a low-cost stock fund. You do nothing else—market timing or trading funds only hurts your compounding rate.

Your tax shelter: https://www.amazon.com/Buffett-Strategy-854-000-not/dp/1978481020

Charity deduction may take some planning

With the standard deduction at $24,000 for many couples, you may not use your giving deduction as in former years. Some planning—put 2 years of donations into 1 year to take the deduction—may make it possible. For those with itemized deductions over the standard, you can now up the donations and give up to 60% of your income. Gifts other than cash can create a donation deduction of the item’s fair market value. The IRS actually demands receipts when a donation is more than $250. In some cases, appraisals also are required but in most cases, the receipts are for your records only. Larger amounts may trigger an audit and the receipt is required. For instance, one client gave a motorized wheelchair to a hospital and got a receipt for the current fair market value or $900 about half the price they had to pay.

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

What is your broker/advisor selling?

Can you tell when your salesperson is right about the market? What are the risks in market timing, puts and calls, options of any sort? Can your salesperson really predict the future? Why are brokerage recommendations wrong more than half the time? Does market research really help your guru newsletter? Does it really have an audited true positive track record of getting you out of the market in time and back in when it is safe? So why does Warren Buffett’s buy and hold beat the hedge fund manager who uses 5 different strategies? Are salespeople helping you get rich or just getting rich themselves? Did you ever compare your total return over time to a low-cost buy and hold strategy? The average advisor-assisted investor earned just 3.79% over time compared with a low-cost market index fund of 11%. Is this strategy better for you: http://www.saferchild.org/power/

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

Is legal guardianship right for you or your family?

What happens to you or your family member when their memory starts to fade? When you or someone in your family can no longer care for the person with diminished capacity, what can you do? A court-ordered guardianship can shatter their life. This form of control can lead to the isolation and exploitation of older Americans. For full guardianship, a judge transfers the individual’s civil rights — including the right to sign contracts, make medical decisions, and choose with whom to associate and where to live — to the guardian. If the guardian is a company or poor relative, things can go wrong fast. Some states don’t maintain regulations that assure that guardians act in the best interest of those in care. Since there is no oversight except a court judge, financial and emotional abuse is common. Fixing problems can be a daunting task especially if caregivers are apart physically and legally. You may be fighting a company with the legal rights over a person (and their resources) who can no longer make decisions. AARP has provided an example that must give every caregiver pause.

Discuss a plan earlier not later: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

Are Suze Orman’s legal documents right for you?

The so-called “America’s personal finance expert” wants to sell you the wills and trusts she claims you need to “protect every aspect of your financial life.” And you receive a $2,500 value for only $63! Since her ad appears in AARP material, I assume AARP receives payment for the sales like they do from Hartford Auto Insurance and other vendors. But is just filling in a form online really all you need to ‘protect every aspect’? You can ask questions but are lawyers giving you the right answers? It looks like some customers are having technical problems. Some reviewers seem to disagree with her trust advice. Also, remember that most people have their largest assets in a form that avoids any of the problems this non-legal ‘expert’ cites. Your home is usually held jointly. Your pensions and IRAs are already protected and go to the joint owner and beneficiary automatically. Before you pay $63 ask your other advisors about this kit. Compare other options like LegalZoom and NOLO. Suze is a marketing genius not a lawyer.

Plan your retirement spending well: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Most affluent people do NOT know what to do with their RMD

A study of affluent savers finds that 80% do not need this retirement money for their everyday needs. They are not clear on the options for this money after they pay tax on it. Fact: At age 70 1/2, you must start taking required minimum distributions (RMD) from your 401(k)s and IRAs whether your need the money or not. That was the 401k bargain:  (employers stopped funding company pensions): You could save for retirement without current taxes on contributions. The IRS now wants its tax money and you must treat your annual 3-4% RMD as regular income. Up to 85% of SS benefits are taxable depending on your other income. So, what to do with the money you don’t need right now. You can’t make tax-deferred contributions anymore even if you are still working. After you pay the tax, how can you avoid paying tax on future growth if you chose to invest the money? Can you donate the money and create an offsetting deduction?

Consider all the options: https://www.amazon.com/What-do-with-your-RMD-much-spend/dp/1718946716

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

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! 

$2.8 BILLION for 44,000 immigrants in concentration camps. Worse than WWII.

We just gave Amazon $1 Billion in tax benefits—when will we start paying more?

SCAMS/SPINS:

Trump’s press conference: a waste--It’s just propaganda ‘big victory’? Really!

CA victims get no more help from Trump—fires are state’s fault.

Trump named Whitaker AG ‘I know Matt Whitaker’—‘I don’t know Matt Whitaker’

Trump ends First Amendment for CNN: Like Nixon to Post, CNN barred from WH.

FL Gov seeks to give police custody of election, exclude ballots. Dictators do this.

GOP campaigns and committees spent $3.2 million at Trump properties.

Vitamin D does not help most people avoid cancer or broken bones.

$15 million is why you should always contest insurance denial—Aetna reckless disregard

Commonwealth Financial caught overcharging investors via mutual fund share classes.

WI school students learn Nazi salute

GOP always claim fraud when votes have to be counted again. Do votes mean anything?

Joseph Meli NY caught promising big profits reselling event tickets gets 6 years

Your brokerage may be raising your fees to pay for price quotes from the exchanges.

BEWARE: Scammers are going for business owner’s assets—protect yourself.

Maksim Zaslavskiy NYC caught promising high returns from virtual coins-real estate.

IRS special agents for criminal investigations dropped below 2,100—Lowest since ‘60s.

When everyone has a gun, how do police know who to shoot?

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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.

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Jobs:

Young criminals paid to NOT shoot other young criminals: Universal salary?

Who owns your account now?

Disaster victims tax filing for 2017 extra time filing closes Nov 17.

Medicare Advantage: Big promises but few actually receive the bonus benefits on TV.

Our SS account has other benefits. https://www.aarp.org/retirement/social-security/

Your pension: BEWARE: Religious institution pensions can be cancelled any time.

Northwestern to return premium overcharges to policyowners. 

You can add to your employer’s 401k after age 70.5 but not to a regular IRA. OK to Roth

Miracle:

We need immigrants to keep culture alive!

Trump judge gives CNN back the WH press pass—Don, everyone has 1^st Amend too.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts