Another billionaire tells us how to pay NO taxes

Another billionaire explains how to avoid paying taxes

Oil and natural gas billionaire T. Boone Pickens said Tuesday that he hasn't paid federal taxes in the past three years, as he's used a tax loophole similar to one believed used by Donald Trump. "Only a fool gives the government money it doesn't have to," said billionaire Leon Cooperman, who made his billions through Goldman Sachs. Last week, the SEC charged Cooperman with insider trading, saying the investor and hedge fund manager had used non-public information from a corporate executive about an energy deal in 2010. Our “reps” in Congress are giving billionaires these tax loopholes so they can use their bad business deals to deduct money they didn’t even put into the deals. Most of us can’t afford lawyers to create dummy business losses like billionaire business people do. Now they say they resent being vilified for taking tax breaks on their bad business decisions. They think they are heroes for making donations (Trump does not actually give his own money. He uses Ebers’ money.)

Don’t be a "fool"—pay ZERO tax on your gains: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Use your Tax Credits to avoid income taxes like Trump

Most of us receive only 4% of federal tax breaks like food stamps and Earned Income Credit if you are poor or the property tax and mortgage credit if you are middle class.

The Tax-Credit class pays less income tax with capital gains and dividends because it is “unearned.” So if you actually work; you are taxed MORE. For instance, Warren Buffett pays 17% on earnings while we pay 33% total tax. The tax-credit class pays NOTHING on assets they got from a “rich uncle” and on their home when they sell. Most of us don’t “itemize” so we lose all kinds of tax credits. The Tax-Credit class takes off medical expenses, job hunting expenses, and work expenses not reimbursed by others, deferred compensation (bonus and stock portfolio worth more later), investment costs, investment losses, stuff they lose, stuff they own. They can eliminate income tax by listing losses from buildings, race horses, farms, oil, leasing and businesses they own as partners, LLCs, C and S corps. Trump actually deducted $916 million but most of it was other people’s money. Some bank debt was cancelled which normally is taxable but not after RE lobbyists got Congress to change rules in 1993. Trump is tax-FREE for 18 years.

Use your Tax-Credits too: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

We could easily pay for all Social Security benefits and Medicare coverage for all
Our reps decide to give The Tax-Credit Class special breaks we can’t use. By eliminating these entitlement programs for the 1 percent and multinational corporations America could afford SS benefits and health insurance for all. Here are 10 Congressional programs that create Socialism for the Rich and the amount we pay in taxes for them:

1. TAX BREAKS FOR OBSCENE CEO BONUSES ($7 BILLION/YEAR) They still get $ millions salary.

2. TAX CUTS FOR LUXURY CORPORATE JETS ($300 MILLION/YEAR) We pay for their rides.

3. BIG OIL SUBSIDIES ($37.5 BILLION/YEAR) We no longer import oil or need to find more oil here.

4. PHARMACEUTICAL SUBSIDIES ($270 BILLION/YEAR) GOP Bush II gave them price guarantee!

5. CAPITAL GAINS TAX BREAKS ($51 BILLION/YEAR) Rich pay 17%: we pay 33% total taxes.

6. CORPORATE TAX SUBSIDIES FROM STATE/LOCAL GOVERNMENTS ($80.4 BILLION/YEAR)

7. HANDOUTS TO BIG AG ($18 BILLION/YEAR) Family farmers were bought out long ago; now wind.

8. WELFARE FOR WALL STREET ($83 BILLION/YEAR) Fed guarantee interest rate makes big bigger.

9. EXPORT-IMPORT BANK SUBSIDIES ($112 BILLION) Boeing GE guaranteed profit on sales.

10. FEDERAL CONTRACTS FOR THE TOP 200 COMPANIES ($880 BILLION/YEAR) No risk biz.

Congress has made the tax laws that create America’s Socialism for the Rich. Congress people who want to cut SS benefits and Medicare are playing politics. America could afford to provide what we were promised but we don’t have lobbyists for a payoff.

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

Is a reverse mortgage right for you?

Financial sales people provide many positive details about this mortgage—a debt that you don’t pay back until you die—but it is a costly transaction all the same. Some observers say: A lot of clients still resist the idea of a debt. You lose the feeling of independence. A borrower answers to a bank system. Using a reverse mortgage to keep your investment portfolio may help you but as debt it must be managed. Your advisor is not doing you a favor if they don’t explain the debt load for years and the real costs. Remember, if you already paid off a mortgage of $250,000 over 30 years, you gave up a total of $539,595.47 plus the total set up cost of $5-10,000. Since mortgage interest is deductible, a HELOC may help now. It is cheaper and you are still in control.

Consider all your options for retirement income: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

GOP will discard ballots with simple errors to support The Don

OH GOP officials are going to destroy ballots with no ZIP code or writing not in BLOCK lettering and other simple errors. An appeal was denied by a judge who is married to the GOP House Speaker William G. Batchelder. The period in which voters are allowed to fix the form was cut from 10 to 7 days, and elections workers were even barred from helping voters with the forms. Anything to suppress the Dem vote. Even Ryan’s home county considering Hill. NH GOP Sen. Kelly Ayotte says she is dropping her support for The Don. Carly Fiorina, Mike Crapo of Idaho, Sen. Mike Lee of Utah, Rep. Barbara Comstock, Martha Roby of Alabama say Donald Trump should step aside. Many states do not allow write-in candidates for president. Some GOP will go down with the ship. Others are burning up $45.8 million so far. Supremes decided to allow wealthy to decide vote. Only $7.1 million spent by the candidates themselves. OpenSecrets.org. In Nevada, labor unions and George Soros are up against Sheldon Adelson and gambling $.

GOP head Ryan says he is repulsed by The Don’s comments but … not enough yet.

Is investment portfolio “rebalancing” a smart strategy?

Wall Street advisors recommend this periodic selling and buying to keep your risk/reward balance of stocks and bonds where you want it to be during your accumulation period. However, tests over a long time period show that it may reduce your total accumulations. It may reduce your accumulation because you must pay for transactions and because you may miss a stock market’s boom. Rebalancing tends to reduce your portfolio’s volatility (a standard deviation of 14.4% with none versus 12% for the annually rebalanced portfolio). However if you have 15 or more years before retirement, your reward for a Buffett buy and hold strategy is 9% vs 8.5%. Over time, this means $613,805.95 vs $546,116.39 from 250 a month for 33 years of accumulations. If you use the dollar cost average strategy, you are already reducing volatility by buying fewer shares when they cost more and more when less. In retirement you will shift to lower risk and returns anyway to protect your gains.

Use strong diversification instead: https://www.amazon.com/Dont-Re-balance-Your-Portfolio-Research/dp/1508802386

Best 2016 Sedans under $25,000

Kia tops Accord and Camry on this list of 2016. Camry consistently holds its value after 3 years over many studies. Most will make it to 100,000 miles but are not the best deals for your money. JD Power dependability study asks owners after 3 years. Malibu and Sonata top rated. 

GOP religion excludes immigrants from marriage too

LA GOP religionists have effectively made it illegal for thousands of refugees to get married. Any foreign-born person wanting to get married in Louisiana must produce both an unexpired visa (even though a federal court has ruled that marriage licenses cannot be denied based on immigration status), as well as, somewhat inexplicably, a birth certificate. Many immigrants can’t produce birth certificates since none were ever issued where they were born. Indeed, many people born in LA have no certificate since they were born at home. Louisiana ‘Family’ Forum, which sponsored the law, claimed to be a voice for “traditional families” — a category that, in 2016, apparently no longer includes immigrants. Yet ‘traditional’ families married with no cert for thousands of years. America was built on toleration not exclusion. Let’s be tolerant of others.

GOP religionists fail Christian tenant: “I was a stranger, and you took me in” Matt 25:35

Is credit monitoring service $110 right for you?

The internet has made everyone concerned about ID theft and worse—scams that rob you of your sense of security. Many firms like LifeLock are profiting from these fears. Many firms charge over $110 a year to claim they protect you. Actually no firm can protect you (stop a thief from stealing your ID or bank account). Professionals with the help of their governments do crimes all day so if they can break into the government files they can easily take yours if they want it. Notification is key to limiting damage. CreditKarma.com and CreditSesame.com will watch one credit file for irregularities for FREE. You can  check your other files at https://www.annualcreditreport.com/requestReport/landingPage.action

Also go through every credit and bank statement you receive. We recently found bogus bank charges for Uber service we never used. Our bank reversed and gave new card.

Reality TV or ‘debate’ I can’t watch—Jerry Springer show?

Which liar will win American’s vote?

Neither can re-create jobs of the good old days!  I don’t see either one as President.

Do-Nothing Congress decides US future by doing nothing for more 4 years.

                                               

Don:    “Grab them by the p---y. You can do anything.” “For record, you never did that?”

            “I have not [grabbed P*y].” “His hands were everywhere.” 1 woman says. Now 5.

            It’s locker room talk—and still, conservative religionist cling to me as Savior?

            “Certainly has been an interesting 24 hours!” Ryan, McConnell still OK with it

            “Lecherous and worthless” James MacDonald quits Don’s religious council

            Hill, “you’d be in jail” by my special prosecutor when I am elected.

            Arnold tells me “You’re fired.” He says can’t vote GOP bec/ he is American 1st.

            House GOP don’t understand why Ryan quits helping Don. Morally blind?

            Why do they trot out these 5 women with false claims?—I had only 4 for Bill.

            “I think it makes him a normal person,” son says of grabbing women’s p***y

            I am your savior, “taking the slings and arrows, gladly, for you”

           

            Nixon refused to show tax returns too and Congress finally got $500,000.

            Warren Buffett says he does NOT deduct biz losses against income, as I claimed.

            Putin ally says vote Trump or face nuclear war.

“I can shoot somebody on 5^th Ave and wouldn’t lose voters.” Well, maybe U.S. women.

Billy Bush: I have a “tape of Trump being a real dog.” It’s ‘wolf.’ The Bushes Blush. 

Mike:   I don’t like Don’s comments but we can still take power to shut government

            “I forgave” Don for his actions but I can’t forgive Hill for her actions.

            Don does not seek my advice on policy on Syria. The Don is The Don.

            I can see him tweeting to world leaders all night about grabbing p**** in WH.

            “Don’t say that,” to supporter who plans to overthrow govnmt if Hill gets in.

           

Hill:    Conservatives really hate me if they can still vote for The Don. Moral values?

            I told Wall Street they should fix their problems bec/ they know how and why.

            My husband’s women have nothing to do with election.

            The Don says he will have his justice department come after me.

            But The Don said he has given up on the GOP—“unshackled me” to lose myself.

Buffett: I am under audit and have released my returns so The Don has political reason.

Tim:    Check the facts Mike: The Don is not really Prez material.

            Are the Russian hackers really working with The Don or just curry favor?

McConnell: “We’ll drop him like a hot rock,” Feb forecast of The Don nominee.

Ryan:   I just won’t appear with him to avoid being tainted by his ‘grabbing’ privates.

Bachmann: GOP House behind The Don—“masterful performance in the second debate."

Reaganites Opposing Trump. The god’s worshipers say The Don is no Ronald Reagan.

Trump “reminds me a lot of early Mussolini” Conservative legal scholar John Yoo said.

“The Only Thing Necessary for the Triumph of Evil is that Good Men Do Nothing”

Every successful civilization has died from the inside not from attack.

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

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

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

Number 1 killer: Kia Rio--149 Deaths Per Million Registered Vehicles: are you next?

Wells stole $2.6 mil and fined but Apollo stole $40.3 mil from your pension: no fine

Navy Federal Credit Union caught making threats debt collection to its service members

Comcast caught illegally billing customers for unwanted equipment and services

RBS bank barred from handling 401ks collusion and interest-rate manipulation.

Christie and Kelly talked about Bridge-gate before it happened, Kelly’s lawyer claims.

Christie rep asks cops to take blame for closure and then blames them anyway. New job?

Wells Fargo mgr filed complaint about illegal fee creation scheme in 2011—ignored  

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

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 gun hidden. You and real criminals both have guns. Body cams make it harder to plant evidence and stage scene for TV crews.

SCAMS: America’s election process—no issue debate; name-calling sex TV soap

Ignoramus Award: US guilty of war crimes selling arm to Saudis to kill Yemen funeral?

How our government wastes our money

Over $2.429 trillion for fed subsidies for energy, agribiz, etc etc. Solve SS, Medicare gap

Tax breaks for corporations total over $1 TRILLION, enough fix roads, SS and Medicare

Where have all the jobs gone?

AI deep-learning replaces radiologist—computer quicker “more accurately” than Dr.

Verizon has cut hundreds or even thousands of sales jobs in cell stores: market full?

Tesla doubles CA factory while Ford moves to Mexico for 2,800 low pay jobs

Wind turbine tech is the job projected to expand more than any other in 2014-2024.

Master’s Degree in Computer Science: $7,000 Georgia Tech Online

GM adds 650 jobs for more SUV in TN

Data engineering jobs at every company now—even small firms need IT today.

Who owns your account now?

LPL brokerage to _____________?

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

How will you make up the cuts in Social Security benefits?

How will you make up the cuts in Social Security benefits?

With Washington set on cutting our benefits in retirement, perhaps you should grow your own Tax-FREE Income supplement. You know taxes will go up and benefits will go down. Our representatives want us to pay for their previous mistakes—two wars, two tax cuts and two bank bailouts. “Only the little people pay taxes,” according to millionaire Helmsley. We need to grow our tax-FREE income NOW while we can:

http://www.amazon.com/Your-Retirement-Portfolio-Tax-FREE-Income/dp/1483994090

Obama gives in to GOP on our current SS benefits

Switching to the chained CPI, as recommended in Obama's budget, would close about 25% of Social Security's 75-year shortfall and would be a significant down payment on bringing that program into long-term balance. The existing CPI already under compensates Social Security beneficiaries because it does not fully reflecttheir out-of-pocket health care expenses, which tend to be higher than those of younger Americans. “To shift to the chained CPI would appear to under compensate them even further,” according to the NASI's fact sheet “Should Social Security's Cost-of-Living Adjustment Be Changed?” Although most proposed changes to Social Security benefits in inevitable reform discussions — such as increasing the normal retirement age — would affect future beneficiaries, a change in the way benefits are indexed to inflation would affect everyone — including current retirees.

What are chained CPI? A trick to pay fewer benefits. You can’t switch drugs like you can food so the example beef to chicken doesn’t apply: http://www.cnbc.com/id/100624098?__source=yahoo|headline|other|text|&par=yahoo

CR best autos under $20,000 and $25,000

Good, reliable, safe vehicles. Many models can be bought for under $25,000.  Each model is a good all-around choice that meets CR requirements for being recommended.

http://autos.yahoo.com/news/best-new-cars-for-under--25-000-211258414.html

Poor, unreliable, overpriced. Some cars lose over 60% of their value in 5 years:http://www.bankrate.com/finance/auto/car-depreciation-models-lose-value-6.aspx

LA tax plan to attract business from TX

Gov Jindal's proposal to eliminate the state income tax shifts to poor. His detailed plan would do away with all state personal and corporate income taxes. It also calls for a 56-percent increase in the state sales tax, a much higher cigarette tax, and the elimination of some tax loopholes to make up the $3 billion shortfall from scrapping the income taxes. To allay fears that the plan would hurt the poor, Jindal has proposed a rebate for low-income residents and some retirees. The governor says the change would attract business by makingLouisiana competitive with states such as oil-rich neighbor Texas, which has no income tax. You can avoid income taxes no matter where you live: http://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702

Lawsuit Claims Bankers Life Denies Long Term Care Benefits

Law firm Williams Love O’Leary & Powers alleges Bankers Life and Casualty, a Chicago-based firm, is denying benefits to those who paid for long term health care insurance so they would have security in their old age. A class action lawsuit against the insurance company was filed today in U.S. District Court in Portland. “She paid their premiums for years, counting on having support if she became ill. That time came and all she got from Bankers Life was a cold shoulder, rejection and red tape. It was a total rip off.” “My mother trusted this company,” Grants Pass resident Dennis Fallow explained at a Portland news conference this morning. “She paid their premiums for years, counting on having support if she became ill. That time came and all she got from Bankers Life was a cold shoulder, rejection and red tape. It was a total rip off.” In 2011, Bankers Life ranked worst in the Oregon consumer complaint index. Consider the LTCi alternatives:http://www.amazon.com/Long-term-Care-Insurance-Updated-Edition/dp/148274001X

Problems with reverse mortgages

Some buyers took the cash but lost their homes too.

http://www.aarp.org/money/credit-loans-debt/info-04-2013/are-reverse-mortgages-helpful.html

Is life insurance for seniors right for you?

Approximately 40 percent of seniors have lapsed or surrendered their life insurance policies, according to a study cited in Conning Research. The number reflects a tragic, long-accepted truth in the life insurance industry. An overwhelming number of beneficiaries will never claim the death benefit. In fact, life insurance companies rely on the high probability that they will never pay out a customer’s policy; they reap most of their profit from lapsed, unclaimed policies. There are better alternatives: http://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178/

SEC requires brokers/advisors to protect our identities …. finally

The regulator approved rules requiring brokers and investment advisors to adopt identity-theft prevention programs.

Is your bank treating you poorly?

The new Consumer Protection Bureau is collecting data on banks to help us make better choices. Some banks are actually paying attention. Some have stopped charging fees. Read how bad your bank really is to its customers: http://www.consumerfinance.gov/complaintdatabase/

SCAMS           “Deficits don’t matter” GOP grandfather, Dick Cheney, 2002

“Entitlements”—our Social Security and Medicare contributions—did not produce the deficits. Two tax cuts for the rich and the Chaney/Bush wars cost $3.7 Trillion and counting.

http://www.reuters.com/article/2011/06/29/us-usa-war-idUSTRE75S25320110629

Regulator becomes lobbyist—revolving door of government

Mary Schapiro, who led the Securities and Exchange Commission in the four years following the financial crisis, has landed at a Washington consulting firm. Now we know why she never went after big banks.

State Farm caught cheating on Katrina claims—finally, jury nails it

A federal jury has found State Farm committed fraud against the federal government and submitted a false record to support fraud after Hurricane Katrina in 2005. The verdict came after the eight-member jury deliberated for three hours Monday afternoon in a whistle-blower lawsuit, Rigsby vs. State Farm. The decision potentially opens for examination thousands of post-Katrina flood claims State Farm adjusted and paid before reimbursement by the National Flood Insurance Program.

Banks misused small business recovery money

A new report shows community banks used our tax money to pay back our money for bailouts -- instead of lending the money to small businesses as originally intended. The watchdog report released Tuesday found that $2.1 billion of the administration's $4 billion Small Business Lending Fund went to repaying bailouts. Many community banks were bailed out by the government in 2008 and 2009 under the Troubled Asset Relief Fund. The small business fund had failed to take off -- disbursing only $4 billion of the $30 billion it had originally carved out. The fund was established in 2011 to funnel cash to small firms, who were facing a borrowing crunch.

Who owns your account now?

MetLife’s Tower Square Securities and Walnut Street Securities to Cetera Financial
Old policies of MONY Life Insurance to Protective Life

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Is it not time you paid your fair share?

7,000 millionaires did not pay income tax in 2011—How about you?

Over 275,000 returns showed adjusted gross incomes of $1 million or more. Roughly 7,000 millionaires didn't pay any income tax in 2011. More than 11,000 individual tax returns reported adjusted gross income above $10 million yet most pay LESS than us.

Is it time you paid your fair share?

Use your refund to create a tax-FREE income. The average tax refund was $2,953. Start your account today.

Your Retirement Portfolio: Tax-FREE Income for Life

+Earn 10-12% on your retirement money with no taxes or fees.

+Use a tax-FREE account to protect all your earnings and gains.

+Spend 8% of your nest egg FREE of income tax annually.

+Avoid tax on up to 85% of your Social Security benefits.

+Turn your taxable pension or IRA into tax-FREE income.

http://www.amazon.com/Your-Retirement-Portfolio-Tax-FREE-Income/dp/1483994090/

Obama will trade our contributions for a sound retirement for GOP support

President Obama next week will take the political risk of formally proposing cuts to Social Security andMedicare in his annual budget in an effort to demonstrate his willingness to compromise with Republicans and revive prospects for a long-term deficit-reduction deal, administration officials say. Compromise never worked with GOP before.

Perhaps we should start building our own sound retirement. http://www.amazon.com/Your-Retirement-Mutual-Funds-retirement/dp/1481114026

Housing growth spurs economy

The price of U.S. homes rose by 8.1% in January from a year earlier, the biggest annual price gain in six and a half years. The main drag on sales contracts was a shortage of properties for sale. NAR predicts that housing starts would have to rise 50% to resolve the inventory shortage. 

New insurers and rates with ObamaCare exchanges

California chastised Anthem Blue Cross for levying a 5.2 percent health premium increase on its small business customers. CT has a new nonprofit health insurance company sponsored by state physicians' groups and intended mainly to provide coverage for individuals and small businesses.

Are you paying higher premiums due to DMV errors?

Car insurance companies make millions from us paying higher premiums than we should, due to errors existing on our driving record. A survey of driving records conducted by the Insurance Research Council (IRC) showed that one in five convictions for traffic violations may contain errors from motor vehicle records. The IRC looked at driving records in four states, Connecticut, Florida, Ohio, and Washington. The study showed that convictions for driving infractions were either incorrectly entered or were missing from driving records. Errors can boost an average policyholder’s auto insurance premiums by as much as 22 percent. One insurance quote company provides free information about fixing your record:  http://quote44.com/driving-record-repair

There is only one way to find out if you are paying too much. Use our Insiders’ Guide to buy only what you need with discounts: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Do you have an insurance question?

You have a question but you don’t want to call your agent or insurer. Try this free site.

http://www.insurancelibrary.com/

SCAMS           “Deficits don’t matter” GOP grandfather, Dick Cheney, 2002

“Entitlements”—our Social Security and Medicare money—did not produce the deficits. Two tax cuts for the rich and the Chaney/Bush wars cost $3.7 Trillion and counting.

http://www.reuters.com/article/2011/06/29/us-usa-war-idUSTRE75S25320110629

We never learn

The House Agriculture Committee debated and passed seven bills designed to roll back derivatives regulations that were created by Congress three years ago in the Dodd-Frank financial reform bill. Derivatives allow banks to place leverage bets on anything that can be measured. Last year, Morgan Chase lost $8 billions of deposits on derivatives. Buffett called derivatives "weapons of mass destruction." 

Who owns your account now?

Genworth Wealth Management, Altegris, to Aquiline Capital Partners and Genstar Capital. 

American Family policies to Kansas City Life Insurance 

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

10 Reasons We Fail on Wall Street and how to fix it!

10 Reasons We Fail on Wall Street and how to fix it!

We earn 2.56% instead of 10-12% on investments

We end up with $170,128 in retirement, not $500,000

We pay more taxes than most wealthy people

We buy 'safe' investments and lose money

You could have earned 15.3% last year, tax-FREE. That’s the equivalent of 23.3% taxable. Tax-FREE accumulation provides an extra 25% to your investment total. You never pay taxes—no federal, state, capital gains or dividend taxes. You don’t have to fail anymore.

http://www.amazon.com/Reasons-Fail-Wall-Street-how/dp/1483913155/

Is the Allstate 'reducing-deductible' policy for you?

You may have seen a TV message about a policy that reduces your deductible over time.  So after four years of accident-free driving, you can end up with a zero deductible. However, you should know you pay more for that benefit. And remember, you must have a claim to “win” your “zero deductible.” Also, this does not guarantee your rates won’t go up too. Consider the policy with a higher deductible and a lower price for years. For instance, most insurers offer many discounts up front AND the benefit of a 25% premium discount at 10 years of safe driving. You can save a lot more than the $500 with discounts. You have to have an accident to save with Allstate. Learn all the ‘tricks of the trade’ of discounts:  http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Is a nonstandard car insurance policy for you?

This kind of coverage is for special circumstances like your little-driven ‘57 Chevy or really bad drivers. You pay less and you get less. It has limited coverage for repairs, drivers, liability in accidents, etc. Compare policy fine print before you smile at the low premium: http://money.msn.com/auto-insurance/7-gotchas-of-cheap-car-insurance

Allstate to partner with Wal-Mart stores in IL

Online car-insurance retailer Esurance (Allstate) is launching a pilot program to highlight coverage within 150 Illinois Wal-Mart stores via Kiosks. You buy coverage online or by phone, not in the store. Instead, compare prices for all the 16 discounts mentioned by our Insider to buy only what you need and save: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Are you paying too much for coverage?

Insure.com’s annual study of car insurance rates in each state shows who’s paying the biggest bills. Overall, when averages of all vehicles are considered. Louisiana and Michigan are the most expensive places to buy auto insurance. Maine residents enjoy the lowest average annual rates. National average - $1,510. Rates are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. The hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Actual rates will depend on individual driver factors. LA has many damage lawsuits. MI has a guarantee of unlimited, lifetime personal injury protection (PIP) benefits for treatment of injuries from a car accident. The difference between the most expensive and least is $2,200 a year. Shop and compare. http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Will you outlive your money or your health?

One out of every four 65-year-olds today will live past age 90. Yet, for 87 percent of our country's middle-income Americans age 55 and older, the idea of one's own longevity is often not contemplated or discussed, according to a new study. There are two primary concerns of respondents: declining health associated with age, and the ability to create a sustainable retirement income that may need to last 20 years or more. Consider the options now while you can do something about it: http://www.amazon.com/Longevity-Insurance-right-better-alternatives/dp/1482031434

Study shows why many investors shun advisors

When asked why they chose to direct their own financial future, only 13% cited a bad experience with an advisor and only 12% said they couldn’t afford to pay an advisor. So why don’t people use advisors? The two leading reasons were “I am more comfortable handling my retirement plan on my own” (57%) and “I don’t need professional advice to plan my retirement” (38%); as the report notes, these responses are really two sides of the same coin. Members also know that they are more likely to stick to the plan they make themselves: http://www.amazon.com/The-New-American-Retirement-System/dp/1461030072

10 most overpaid jobs

According to this industry news service, your financial advisor is the most overpaid occupation. Product pushers and fast talking salespeople promise the world and have it delivered to themselves. Advisors are not needed anymore, investors agree.

http://www.investmentnews.com/gallery/20130322/FREE/322009998/PH&Params=Itemnr=9

Investors going direct and saving more

Lack of trust in traditional advisory firms at least partly explains the growth in the direct channel, according to a new study. Only 27% of respondents said they believed that financial firms were “looking out for their best interests,” and 36% said they did not believe that to be the case. “Direct providers were largely unscathed by the reputation issues facing their advisory counterparts during the market downturn,” said Mr. Smith, director.  “There's only so many times a firm can pay a $100 million fine before people start questioning their integrity.”http://www.amazon.com/Your-Investment-Edge-Tax-FREE-Account/dp/1482695677

Which insurers offer annuities?

Almost every one offers some product. Here are the largest by face amount.

http://www.limra.com/Posts/PR/Data_Bank/_PDF/AnnuityCompanyRankings-Q4-2012.aspx Agents may be given extra incentives to sell annuities so you must shop for the best deal for YOU. Most annuities are expensive CDs so there are better alternatives to solve your needs. We help you decide:http://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573/

Is your pension underfunded?  Is it because your company hides money overseas?

The difference between assets and expected liabilities of the 100 largest U.S. corporate pension plans ballooned to $388.8 billion last year. Nearly 80% of the private pension plans covered by the Pension Benefit Guaranty Corp. are underfunded. Public pension funds are underfunded by at least $1 trillion, according to a report by the State Budget Crisis Task Force. Only 18 defined benefit pension plans offered by the 500 largest companies are fully funded. Yet companies are stashing more cash abroad as stockpiles hit record $1.45T.U.S. firms keep 58% of their cash, or $840 billion, overseas. Companies are hording cash overseas to avoid paying taxes. And perhaps to avoid paying the pensions they promised.

Study finds Fewer Young Adults without Health Insurance

Uninsurance rates across America’s young adults – one of chronically uninsured groups in the US – dropped without precedent from 33.9% to 27.9% in just one year.  The findings as well as a background material on the recent trend can be found at http://www.healthinsurancequotes.me/young-adults-can-stay-on-parents-health-plans-but-should-they/  “Measured by the adoption rate across young Americans we could count ‘Obamacare’ among the most popular laws in the US History. But they should think twice if they should. It can really pay off for all involved to do the math before embarking on a new trend.” Use every discount available: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Vermont first to offer insurance exchange policies

Vermont will be the first state to see health insurers announce proposed rates that will be offered under the health insurance exchange being set up to comply with the federal health overhaul.

SCAMS           “Deficits don’t matter” GOP grandfather, Dick Cheney, 2002

“Entitlements”—our Social Security and Medicare money—did not produce the deficits. Two tax cuts for the rich and the Chaney/Bush wars cost $3.7 Trillion and counting.

http://www.reuters.com/article/2011/06/29/us-usa-war-idUSTRE75S25320110629

Insurers still holding life benefits are forced to find beneficiaries

Vermont House has passed a bill requiring life insurance companies to make a good faith effort to locate beneficiaries after a policy holder dies. House Speaker Shap Smith says that in too many cases, insurance companies make little or no effort to track down survivors and thereby avoid paying on a policy. Wow. What is the purpose of life insurance if not to help survivors?

The bill awaits Senate action. It would require life insurance companies to maintain and monitor a "Death Master File," a program that matches a person on the file and the social security number, name, or date of birth of an insured annuity owner.

We still have not cleared the mortgage mess

The same structure that led to the Great Recession is still in place. Taxpayers are still paying the $137 BILLION in losses and the legal bills and retirement packets of those that stood by and watched it happen. Taxpayers spent $11 million last year on medical costs for 1,392 Fannie and Freddie retirees. And from September 2008 through 2012, taxpayers also spent $114 million for legal bills racked up by former executives and directors testifying in lawsuits relating to the accounting scandals or financial crisis inquiries. Executives claim we must by their old contracts but most businesses being bailed out cancel their old contracts, as any union person can testify.

http://www.nytimes.com/2013/03/24/business/fannie-mae-freddie-mac-and-the-same-old-song.html

Who owns your account now?

Universal Health Care, St. Pete, FL insolvent.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Why pay more taxes than the wealthy do?

Zero Tax Account: Why Pay More Taxes than the Wealthy Do?

What is your fair share? The wealthy pay as little as 13%. 2/3 of corporations pay NOTHING even though the law says they pay 35%. We are paying for US troops in 150 countries so the countries don’t have to. We are still stockpiling missiles and fighters at $80 Billions. We have already spent $3.7 Trillion on these two wars we did not have the money for.  

Now they want to cut our Social Security and Medicare account benefits.

Is it time you started paying your fair share—ZERO tax on all your future investment earnings? With the cuts, you shouldn't pay taxes too. Open your legal account today:  http://www.amazon.com/Your-ZERO-Tax-Account-Wealthy/dp/1482772795/

Are you paying more tax than Apple, Google, Facebook?

Yes, you probably are. They pay under 10% using legal tax avoidance tactics you can’t use. Over a four years period from 2008 to 2011, 26 companies managed to avoid paying any American income taxes, even though they earned $ billions during that time, according to research done by Citizens for Tax Justice.

IRS has $917 million in unclaimed 2009 tax refunds

You would think they could give me back my payroll tax hike with all this extra money sitting around. What about 2010 and 2011 refunds?

Also there's currently more than $58 billion in unclaimed money floating around in the form of abandoned bank accounts, stock holdings, insurance payouts and pension benefits. The states have most of that money and they cry about no money too. http://www.foxnews.com/politics/2013/03/14/17m-in-unclaimed-tax-refunds-to-expire-april-15/

Is the IRS cutting audits like the White House is cutting visits?

You bet.

However the IRS computer searches out mismatches in various categories. See if you could be making it easier for them to find you.

http://portal.kiplinger.com/article/taxes/T054-C000-S001-irs-audit-red-flags-the-dirty-dozen.html

Drinking may cost more than your drink

The price of car insurance for a Florida driver will almost double the first year after a driving under the influence conviction and will go up an average of $5,525 over seven years, according to a new study. Just in the first year, Floridians' insurance will jump 86 percent on average after a DUI conviction, with premiums spiraling to $3,072 a year, from $1,650, according to an insurance comparison website. Shopping may help you lower your premium: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

US lags other countries in average old age …. due to gun play!

 Life expectancy in the United States is lower than in nearly every other developed country. "We die more at younger ages," says Jessica Y. Ho, whose study of the gap in mortality for those under age 50 was published this month in Health Affairs. For men, those younger deaths accounted for 67 percent of the shortfall in U.S.life expectancy compared with an average of 16 other high-income nations. For women, it was 41 percent. For men, nearly a fifth of the excess mortality was due to homicide. Transportation injuries, mainly car crashes, was close behind, followed by other injuries -- particularly drug overdoses. Perinatal mortality, such as pregnancy complications and birth trauma, accounted for 13 percent, cardiovascular diseases made up 8 percent, and other chronic conditions, 10 percent. Also contributing: suicide (4 percent), HIV (2 percent), and other communicable diseases (2 percent). Mortality per miles driven is no higher here than in 15 other wealthy countries. Americans simply drive more. Americans who made it through their younger years arrived at old age very, very healthy.

Will teachers help students understand using money?

The new financial literacy standards establish benchmarks for what kids should know by the end of grades 4, 8, and 12. They are broken into six personal finance categories:

• Earning income This includes collecting rent, stock dividends and interest on bonds. It also includes a discussion of the labor market and how education may lead to higher wages.
• Buying goods and services This includes planning, comparing, budgeting and making choices.
• Saving This includes near- and long-term goals and how time, interest rates and inflation affect savings.
• Using credit This includes borrowing options and how credit history helps determine availability of credit and the rate of interest that you pay.
• Investing This includes risk, rates of return and diversification.
• Protecting and insuring This includes potential loss of health, assets, income and identity, and how behavior affects the cost of insurance.
  Read more: http://business.time.com/2013/03/12/coming-soon-new-standards-for-teaching-kids-about-money/#ixzz2Ntvaq7uB

USAA, State Farm Top in Customer Experience

Temkin Experience Ratings includes 14 insurance carriers. It evaluates three areas of customer experience:functional (can customers do what they want to do), accessible (how easy it is to work with the company), and emotional (how consumers feel about their interactions). 21st Century and Liberty Mutual were the lowest rated insurers. The Hartford and 21st Century had the largest decline from 2012, losing seven percentage points. http://experiencematters.wordpress.com/2013/03/18/usaa-and-state-farm-lead-insurance-industry-in-2013-temkin-experience-ratings/

Do women know more about car insurance than men?

One survey says, “yes” but both know very little about their coverage.http://www.autoweek.com/article/20130311/carnews/130319981

Does your advisor get to keep more of your fees?

Advisers with Raymond James Financial Services who have at least $100 million in discretionary assets under management can choose to retain 100% of their advisory fees and pay a quarterly fee based on assets under management, instead of the traditional payout on fee revenues they produce. Raymond James will charge six basis points 0.06% on the first $100 million under management, three basis points on the next $100 million,one basis point (0.01%) on assets between $200 million and $300 million, and nothing after that, for a maximum of $100,000 per year.

So now we know what it really costs to manage your funds.

Vanguard has fees as low as 0.05% so we can skip the advisor fees of 200 basis points.http://www.amazon.com/Your-Investment-Edge-Tax-FREE-Account/dp/1482695677

Are you in the crossfire of the ETF price wars?

Fidelity allows advisors to trade 65 iShares exchange-traded funds without paying a commission on the Fidelity platform, up from 30. However, in offering the 65, Fido took away the 10 most used by advisors. Another beef is a $7.95-per-trade exit fee Fidelity will charge investors who sell the commission-free ETFs within 30 days of buying them. For advisers, the fee kicks in if an ETF is sold within 60 days. When it says 'FREE' you must look at the mouse print for other fees to make up for it.

Young investors MORE wary of advisors, survey says

“Surprisingly, the millennial generation has emerged from two boom-and-bust cycles even more conservative about investing and more skeptical of financial advice than the generations that were hit hardest by the market,” said Alex Pigliucci, global managing director of Accenture Wealth and Asset Management Services.

“Generation D,” a swath of investors 75 million strong that cuts across so-called millennials, Generation Xers and the baby boomers, poses a “a fundamental challenge” for advisors who want a piece of what has often been called the largest wealth transfer in history, Pigliucci said.

The internet has made investing directly more likely: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

How was your advisor trained?

Advisors are trained to make sales to you. You are sold what their firm has to sell when you seek help from your banker, broker, agent or advisor. Salespeople are required by their employers to follow the rules. Sell this, Say that, Do these things. Choices are gone. Their employer wants everyone to fit the mold—for the firm profit and protection. Read how they are trained: http://dealbook.nytimes.com/2013/03/02/selling-the-home-brand-a-look-inside-an-elite-jpmorgan-unit-2/

Largest pension fund finds advisors are just not worth the expense?

In the latest sign of the apocalypse for active management, the largest pension fund in the United States is mulling a move to an all-passive portfolio. The California Public Employees Retirement System's investment committee is evaluating whether the fees it pays its active managers are worth it or if paying less fees for passive management will lead to better long-term results. Experts say that at any given time, half the managers are ahead of the market and half are behind. Net result is the average less the fees. Members have already discovered this trend: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

What does your retirement budget look like? ACT NOW

57% of U.S. workers have less than $25,000 in total household savings and investments, excluding their homes.  28% said they have no confidence that they will have enough money to retire in comfort, the highest level in the 23-year history of the EBRI study. Only 66% report having any retirement savings, compared to 75%  of workers in 2009.
Many workers (41%) named cost of living and day-to-day expenses as their top reason for not contributing more to their employer’s retirement plans. Only 46% said they have calculated what they would need to save in order to live comfortably in retirement, EBRI says. Average worker incomes have fallen since the 1970s by 7% in real wages. Social Security benefits may last to 2033. “In 2033, incoming revenue and trust fund resources will be insufficient to maintain payment of full benefits,”   . Treasury Secretary Tim Geithner, said, referring to Social Security.  “At that point there will only be enough money to cover about  three-fourths of full benefits.”

http://www.cbpp.org/cms/index.cfm?fa=view&id=3860

Big Bang confirmed—the entire universe came from a speck—The First Miracle
New data says the visible portion of the universe was smaller than an atom when, in a split second, it exploded, cooled and expanded faster than the speed of light. The Planck space probe looked back at the afterglow of the Big Bang, and those results have now added about 80 million years to the universe's age, putting it at 13.81 billion years old.

The Second Miracle:

Even Mrs Bachmann was created from that tiny speck: "Let's repeal this failure [ObamaCare] before it literally kills women, kills children, kills senior citizens," Bachmann said on the House floor. 

Even Rand Paul who thinks Obama would kill Americans with a drone was created by a Miracle

SCAMS           “Deficits don’t matter” GOP grandfather, Dick Cheney, 2002

“Entitlements”—our Social Security and Medicare money—did not produce the deficits

Chaney/Bush wars cost $3.7 Trillion and counting

http://www.reuters.com/article/2011/06/29/us-usa-war-idUSTRE75S25320110629

Another DANGER sign ignored—taxpayers set to bailout banks again!

U.S. House lawmakers advanced legislation that would ease Dodd-Frank Act derivatives rules and give banks greater ability to trade swaps overseas. It allows trading of almost all types of derivatives by units of banks that hold government-insured deposits. A separate bill would restrict U.S. regulators’ ability to apply rules to overseas transactions.  “It is incredible that less than a week after new JPMorgan Whale hearings detailed how the bank’s London office piled up risk, hid losses, and dodged regulatory oversight, that some House members are again supporting the weakening of derivative safeguards.”

Chase lost $6.2 billion on derivatives but still does not know how

"There's a lot of evidence that they are maybe too big to manage," Sen. Levin said in a press briefing Thursday morning. But "our focus," he said, "is on the danger of derivatives which are not regulated properly." Regulation may not be possible and we may be asked to bail out another disaster.http://www.cnbc.com/id/100553551

Big banks cannot be regulated and will cause another bailout—HOW?

The emails presented by the Senate report show that JPMorgan did not follow their own guidelines and limits to control their traders. There is no accountability. Banks can just lie to the regulators and pay a fine if they are caught. Meanwhile they are betting your money in risky ways most regulators don’t even understand. They know we will have to bail them out no matter what happens. No one wants the system to crash. Read and weep.

http://www.nytimes.com/2013/03/17/business/jpmorgans-follies-for-all-to-see-in-a-senate-report.html?pagewanted=all&_r=0

Investors 'aghast' as Cyprus to siphon cash from retail bank accounts

Levies of up to 12 percent part of bank rescue plan; citizens of divided nation united against scheme. Cyprusvoted down a controversial bank bailout deal.

U.S. Companies Stashing More Cash Abroad As Stockpiles Hit Record $1.45T

U.S. firms keep 58% of their cash, or $840 billion, overseas. Companies are hording cash overseas to avoid paying taxes. They are not using the cash for development, hiring, expansion in the US since it is more profitable to grow in global new markets. Of course they expect US forces to rescue them if their plants or executives are attacked around the world. However, they don’t want to pay their fair share to support USpresence where they are expanding.

Wealthy moving to Puerto Rico—ZERO tax on capital gains

PR’s new tax system allows new residents to pay no local or US federal taxes on capital gains. Hedge fund managers are starting to house hunt in Condado and put their kids in private St. John’s School. We will need to pay for the 23.8% they would have paid here. They will still be protected as US citizens but don’t pay for USmilitary protection. We pay the taxes for them.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com