Tax-refund Millionaires

 

Tax-refund Millionaire-- https://www.irs.gov/refunds

Most people spend their tax refund—your refund could be a retirement nest egg.

Michele had trouble saving. She seemed to always be waiting for her next paycheck. She never had enough to save for a rainy day like her Mom did. She used to make about $55,000 as a shop manager but with federal, social security, Medicare and state taxes, unemployment, disability, and health insurance, she was not able to put anything away for retirement. Years ago, her local tax preparer suggested she use her tax refund (average $3,000) to create a retirement fund. Usually Michele would use her refund to pay bills or buy something special. The tax preparer said that if she agreed to start an IRA with $3,000 of her refund, she would be able to increase her refund—Uncle Sam would help her save. The amount she invested would reduce her income and make her refund larger. The $3,000 could grow over time, if she left it in stock mutual funds in her IRA account. Over time, it has grown large enough that she will have enough for retirement.

I will help you start one in 1 hour: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

Right now your $3,000 tax refund is worth DOUBLE

If we invest our tax refund in a stock fund—the shares are down 14% so far this year—the shares will easily double in value when the stock market recovers by next year. The alternative is to put $3,000 in a savings account earning .8% so you have $3,054 in a couple of years. $6,000 vs $3,054 in a couple of years. Stock prices are down—a sale. You are able to double your money in less time. Where can you do that? Not in a hedge fund. Warren Buffett proved that. Using a tax-FREE investment account, you may never have to pay tax on that portfolio increase. You can use the only legal tax shelter for working people. If you keep adding your tax refund to your tax-FREE account, you may have $250,000 in 20 years—and you will be able to spend it all—an extra 20-25% since there are NO income taxes on this special §408A account.

Go Tax-FREE: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Is this annuity right for you?

This annuity provides you with a guaranteed income for life. And the amount adjusts for inflation so that in 20 years it pays you an amount that has kept pace with the rising cost of living. Most annuity payouts are fixed, so that the amount you receive buys only about HALF of what it used to buy. This annuity grows over the course of time instead of requiring a huge chunk of your nest egg when you stop working. In fact this annuity can begin when you really need it—after you have accomplished all the things on your “bucket list” and you have spent most of your nest egg. This annuity can never fail to pay your monthly income because it is not dependent on the financial soundness of an insurance company. The monthly amount comes directly from the United States Treasury to your checking account. And the Treasury has never missed a payment even when the rest of the government has stopped paying its bills. Talk about peace of mind. And you can receive over a $1 million during your lifetime. Take this annuity.

Maximize benefits: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

 

Commoditization of the financial advice industry

Advisors can no longer afford to help families with less than $1 million of investible assets. Advisors cannot be sustained without the need to trade a lot of securities or sell a product like an annuity to keep the “fat cats” wealthy and their offices plush. Most large advisory firms have had to put clients into robo advisor mode. Wealthfront and Edge are examples. You are sent to the service center model, where the financial advisor does not play a critical role. Portfolios are standardized so you get one of 5-10 models. However, tax management or estate planning need more than an algorithm. So you are better off finding an expert on a fixed-fee basis at the time you need special services. For instance, many readers hired a planner (CFP) for a set fee to provide a comprehensive year by year estimate of income and expenses for 30 years. A tax accountant (CPA) can provide expert advice on handling tax matters. For complicated estate plans, you can secure a competent estate planner to guarantee your legacy. Remember, your IRA and regular mutual fund have beneficiary provisions which pass your money outside your will.

https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545

 

Best Robo-Advisor: Ultimate Automatic Wealth Management

Morningstar, the securities analyst found that COST is the best predictor of financial success over time. Fidelity found that their client accounts that were most successful were those put on automatic—left alone—forgotten. Warren Buffett: “The stock market is a device for transferring money from the impatient to the patient.” Buffett claims that his holding period is forever. He advocates compounding (allow earnings on earnings to grow exponentially): "My wealth has come from a combination of living in America, some lucky genes, and compound interest." Robo-advisors work because money does NOT trade, rebalance, market time, buy high-sell low or sector rotate. It compounds. Yes, it is counter intuitive and it violates every 'rule' of Wall Street. Leaving your money alone to grow by compounding the earnings is easy – but HARD. Human beings do not control their emotions -- fear and greed win out every time. In fact, the average investor earns only 3.79% annually (vs market returns of 11.06%) according to DALBAR’s QAIB for 10, 20, 30 years. Use the Ultimate Automatic Wealth Management firm for success.

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

 

We will need to pay extra taxes on our inheritance

The new federal regulations would require many people who inherit money through traditional individual retirement accounts (IRAs) as well as 401(k)s, 403(b)s and eligible 457(b)s to withdraw funds from the accounts every year over a 10-year period, The Wall Street Journal reports. Non-spouse heirs are required to take minimum taxable withdrawals every year for 10 years from their inheritance in situations where the original account owner died on or after April 1 of the year of his or her 72nd birthday. These withdrawals, technically known as required minimum distributions (RMDs), must empty the account within the 10-year period. Heirs would pay a penalty of 50% on any RMD amounts that they failed to withdraw according to the schedule defined by the new IRS rules. This change, from “at the end of 10 years” to every year makes the tax-FREE Roth IRA more attractive to those making a legacy.

Consider a conversion to Roth: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

 

Another way we pay taxes for the wealthy

Our Representatives continue to provide rich people with another way to avoid paying taxes. This one is fairly simple to eliminate but it continues to blow up the amount we all have to pay in the national debt. This three-decades-old loophole that cuts private equity billionaires’ tax rate almost in half is called carried interest. It is really the profits taken from investors by investment managerial firms. Investment managers pay a lower tax rate “than teachers and firefighters” because money manager are taxed at the lower capital gains rate not the income rate we all pay. Private equity and investment firms spent about $3.6 million on DC lobbyists; over the next four years they spent a combined $75 million. Small amount compared with the $180 Billion they take over 10 years. Obama tried to revoke this special deal but he never “leaned” on senators to include carried interest in a tax reform push. Senators get election money from money managers and lobbyists so they continue to run up our tax bill by not paying their fair share.

Stop paying their tax: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 

Best graduation gift you can give

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in retirement supplement.

Start their ‘Wealth Reserve’: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trumpist’s Supremes end personal rights

 

Nov 8 2022 Trump’s “national revolution”

 

 

Trump: drop missiles on Mexico drug makers

 

Trump: “shoot the protesters”

 

 

How Govt wastes our money:

GOP plan to ban IUD etc: charge murder for end pregnancy by any means

GOP Supremes: no right to private decision like abortion, gender, marriage in Constitution

TX low-income Latinas face major obstacles when it comes to ending unwanted pregnancies

 

Alito relies on 1671 understanding of marriage to think women rights NOT Constitutional.

Trump gave troubled lab $628 million contract to make the COVID-19 vaccines: later destroyed

Rand Paul dissents helping Ukraine with aid: $40 Billion “doom US economy” but tax breaks OK

 

SCAMS/SPINS:

GOP good old days: no aviane, so rhythm, no abortion, so coat hanger, no gays so closet

A Trump world vs a DeSantis world: radical southern strategy overwhelms staid Joe.

DeSantis redistricting map that would have eliminated a Black district in FL

 

FL rejected 41% of books: 24 of them scored high on official reviewers but reject too

Guns Now Kill More Children and Young Adults Than Car Crashes: Books don’t kill!

 

Putting Putin’s partisan on trial for war crimes: 21 yr old murdered unarmed 62 yr old

Putin scores “victory’ kills 60 women/children hiding in school: killing Ukraine ‘nazis’

GOP souring on Ukraine support: 57 House vote no on aid for survivors

 

Greene said can’t remember Jan 6 coup and so did judge: more crazy Greene GOP stunts

Trump fails to provide subpoena documents because he “lost his phones” Judge tricked!

 

 

Medicare Advantage declines 18% claims experts say OK: insurers hate paying claims

Jeffrey N. Crossland CA caught stealing $3.5 millions church loan scam 4 years prison

Trumps caught taking $ millions: promote fake vitamin/health products

 

Supremes base abortion ban on 1736 Englishman’s hate of women as witch, property

GOP encouraged to ban contraception as well as other personal choice rights.

 

Never use TurboTax: caught misleading us about costs; pay fine no jail

Banks caught ATM surcharges not reimbursed: claim refunds

Forever Living caught promises HUGE earnings but distributors earn absolutely nothing

 

RAM Payment/Account Management Systems caught overcharging debt relief clients 

SugarHouse Sportsbook caught fraud: “get up to a $250 match bonus on first deposit.”

TD Bank caught misleading “$300 Gift” TD can take back the $300 it “gave” us.

Recall 130,000 Tesla overheating cause the touchscreen to malfunction: burns your chips

 

Hackers are going after our data files with insurers: check your mobile password.

100 pairs of “extra destroyed” sneakers available to buy for $1,850: what you thinking?

work-at-home schemes provide income for criminals not us

 

Easy to mislead each other: fun for some costly for others: we’re conspiracy lovers

DeSantis holiday: mandate for students: learn “atrocities” by communist regimes no slave owners

GOP to block student access to online library databases: books, articles they don’t like

 

Jobs

Wage levels fell: inflation elevated at 8.3%: 6% wage rise less 8% price rise: we lost 2%

 

 

Who owns your account now?

Phoenix: fastest growing home prices: risen 216% since 2000!  Institutional investors 

Low-cost internet access for most Americans: some computer deals

NSM Insurance Group to Carlyle Group Inc

 

Allstate expects to raise premiums more: costlier litigation and used-car prices

Investors glad they did NOT put Bitcoin in their 401k as Fidelity recommended

 

Miracles:

Water shortage level likely trigger larger water cuts for Arizona, Nevada and California 

Women among Ukraine’s foreign fighters: Putin didn’t bargain for these heroes

Warming: giant groundwater system under the ice sheet in Antarctica: raise ocean levels?

 

Congress hearings on UFOs next week: 144 events, 1 explained: watch C-span

Scientist says move NYC before it is too late; too expensive: who is this guy?

Floating Solar Power Farm on lake with battery replaces Putin oil

 

Plane passenger lands plane after pilot incapacitated: DIY flying using picture of controls

States that offer free college courses to residents: Harvard’s free online courses

Your investments in the stock market have doubled over the last 5 years: 200-400 IVV

 

 

@@@@@@

Everything in the universe from galaxy to stones is made of subatomic ‘vibrations’

Light is both a particle and a wave depending on how we look at the light.

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

Mass–energy equivalence: E=mc^2.  At the smallest level; Everything is moving!

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

“Empty space is a boiling, bubbling brew of virtual particles that pop in and out of existence in a time scale so short that you can’t even measure them.” Space expanding.

 

 

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/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

 

Sell your stock or home without gains tax!

You can sell your long-held stock or home without gains tax!

If you have stocks that have gained a lot and now you fear selling because of the capital gains tax, one solution is to wait till your income is under $80,000 (MFJ). At that stage, the tax is 0%. To avoid future tax on this money, put up to $6,000 a year into a Roth IRA for each of you ($7,000 over age 50). If you have owned your home for a long time and now wish to sell, you can avoid the tax on $500,000 capital gains for joint owners. In most cases you don’t even have to report the sale and gain unless your real estate person files an unnecessary form. If your gain is over $½ million you can’t avoid the gain by doing a 1035 asset exchange. However, you can use the exclusion more than once.

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

Is a charitable remainder trust a viable alternative to the Stretch IRA?

First name a charitable remainder trust as the beneficiary of your IRA to avoid the taxes due on your tax-deferred account. Second, name the trust beneficiaries, such as children or grandchildren, so they will collect the fixed payouts for life or for a set number of years. Third, name the charity to get what’s left (a minimum of 10% of the initial value of trust must be donated). Do the heirs have taxes to pay each fixed payout? Yes, just like inheriting an IRA except the tax can be paid out over a longer period of time. Make sure your trust is legal in your state.

https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

Insurers win again

Lobbyists for the insurance companies are most responsible for the end of the estate plan of leaving your kids your retirement fund, IRA and Roth IRA. Employers will ‘encourage’ their employees to buy an insurance product (annuity) to pay income to heirs over time. Insurers will be given $ trillions by retirees on the promise of ‘guaranteed funds for life.’ This ‘guarantee’ is what most people say they want. Trouble comes when inflation cuts the value of each monthly payment by HALF. Annuity benefits are set at purchase even when interest rates are low. Insurers will have our money whether we live for 30 years or 5 years. Some insurers will ‘pass away’ before their annuitants do: some heirs will get little. Employers receive a benefit too. They will not be liable if something goes wrong with the plan. We will be fighting an insurance conglomerate not our employer for the rest of our payout. We give up our principal even if we die in a year after purchase. Most annuities have no refund option.

Consider alternatives: https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

Vanguard or Fidelity?

Study: Vanguard was able to run their funds in a more tax-efficient manner. The research clearly found that Fidelity was the winner on expense ratios. This was true across the board. The result is perhaps surprising given Vanguard’s record of historical cost leadership within the industry. Still it’s clear in the data that Fidelity holds the lead on fees. The researchers found that Vanguard funds were, on average, slightly more diversified. Generally, either Fidelity or Vanguard funds appear reasonable picks for most investors, with the investment strategy being perhaps the more important question. But the Johnson family still makes money from its clients.

Vanguard is owned by its shareholders: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Taxes: from you’all to the tax-credit class

Look at the effect of the tax breaks of 2017 and 2019: US increased the deficit to $1 TRILLION for the 1^st time. Billionaires and corporation pay less than we do: 17%-21% vs 32.9% for us. The social safety net for us is being cut: SS disability, food stamps, SS benefit reduction, loss of national free space, loss of clean air and water, loss of independent justice, loss of voting opportunities, loss of credibility in world. Subsidies to corporations going up with OpZone Zero tax plan, coal/gas/mining subsidies, bank subsidies, corn/farm/tariff subsidies, Boeing subsidies, ExIm bank subsidies, hedge fund subsidies. ZERO tax US corporations include Netflix, Amazon, Chevron, Delta Airlines, Eli Lilly, General Motors, Gannett, Goodyear, Halliburton, IBM, Jetblue Airways, Principal Financial, Salesforce.com, US Steel, and Whirlpool. There were 60 in 2018, Trump is the US authoritarian ‘socialist’ like Putin. All the tax benefits go to the top elite class just like in Russia. Like the USSR oligarchs, US oligarchs move their money offshore to avoid taxes. We already have socialism: those who have more pay least for American society. Working people pay 32.9% while rich pay 17% or less.

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

Why stocks are the best long-term investment even with market corrections

Warren Buffett has to be one of the all time successful investors. His company (Berkshire Hathaway) owns many other companies and the returns from owning its stocks are 20% double that of the market overall at 10%. Mr Buffett explains how he is successful in his letter to shareholders. It is worth reading because it is written in high-school level English not broker-speak. Most of his shareholders are not finance people. He explains how wealth is created by using compounded earnings. He explains why he is a ‘buy and hold’ investor. DALBAR, the firm that keeps score, shows that active trading investors earn just 3.79% whereas buy and hold index investors earn 10-11%. This is why the largest money managers have attracted more index investors from the brokerage business. Study after study shows that over time index investors who don’t trade earn more even in downturns. Sure, there are hedge funds that have done well during certain times but we don’t know which ones and when it will happen. Buffett put his $1 million bet behind his advice and beat 5 popular hedge funds from 2008 to 2017.

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

File your taxes for free

TurboTax and other for-profit tax prep firms are due to raise prices soon. If you have your documents, use your favorite software now and pay your tax due on April 15. The payment, if any, can be in April; the filing should not. The federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/. Another site has no cost or restrictions: https://www.creditkarma.com/tax. And remember you can usually reduce income and thus tax by making a deductible contribution to your IRA. 

Save for a long life: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

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

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

“I am chief law enforcement officer of the country”

We don’t need judges/juries anymore: Mob Boss will decide for US

His judges will carry out his wishes: One says abolish SS benefits.

Asks only HIS Supreme Court justices to judge him

Mob Boss getting all his felon friends/co-conspirators out of jail

I love wikiLeaks and I am giving him a pardon if recants.

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

How a bully out bullies a Mobster: Manipulation that puts Putin to shame.

Trump to cut disabled person’s $1,258 a month to pay for tax cuts to wealthy

Trump support falling: India has larger rally: cost US $500,000 for “official event”.

Trump says HE knows corona virus is “going to go away” by itself. CDC say spreading

Pence is now in charge of corona: he prayed during the HIV crisis in as Gov IN: asskisser

Trump explains why corona virus is another win for him: how he did it all.

Orlando police zip-tie 6 year old: tantrum passes in school: Teaching anti-police early.

Voters don’t know if ballots benefited another candidate: machines print code not name

$100 million to listen in on our phones: 2 terrorist leads found—no terrorists.

Voters don’t trust voting machines/process: will GOP Supremes pick Trump like Bush II?

SCAMS/SPINS:

Where your Walgreen dollar goes: absentee owners avoid taxes like our prez: overseas.

Bloomberg: I “bought” all the new House members: $100 million to fund campaigns.

Trump mob revives McCarthyism ‘commie’ list to remake gov with ‘Trumpists’

It’s so easy to make fake news that people can’t easily tell: Looks/sounds so real!

Supremes helped create Two Americas: One Nation Under Money Not God

Putin meddling in elections: like Wall Street, they disrupt both sides.

ICE National Police (Gestapo) watching all MD drivers w/o warrant: your state next?

Nazis go after churches, journalists: waffen founder Brandon Russell was arrested

Voters are desperate for a change from Mobster rule: what is democratic socialism?

IA still does not know who won in first primary caucus: premonition of convention?

What happens when you have TrumpCare: Hospital corona test $3,270 out of pocket.

Did the coronavirus leak from lab not jump from animals? China won’t say

Supremes say OK to shoot teen across border wall

Tesla death from bad software and driver playing video game

Pedestrian deaths up because SUVs, drug/alcohol use, weather, cell phones. 

Hubris: JPMorgan claims big enough for any storm: we had to bail them out in 2008!

Avoid a loss the Buffett way: don’t sell your shares—‘buy and hold’ not speculate!

Steve Seagal caught promoting bitcoin offer without disclosure of payments.

Dionne Van Zyl GA caught defrauding members of his Atlanta church: he is elder.

Face mask sellers push fears not stats on effectiveness: manufacturers’ material shortage

Refund held to check for scammed child tax credit or earned income tax credit. IRS2GO

Bank scam: imposter bank message to confirm a purchase and we move money to them.

Flexible spending account owners have until March 15 to use the money in the account.

ETF managers still get paid when ‘official’ commissions are ZERO.

Catholic charity founder engaged in “manipulative sexual relationships” with 6 women

U MI knew 40 years ago this doctor fondled patients but covered up with promotion.

Victims list expands: University sat on complaints from many athletes.

Jobs

Focus on the right stuff: magic is not enough these days

Trump’s staffer Mulvaney admits ‘we need more immigrants’ yet Trump wants less!

51% of employers still judge Job Applicants based on appearance: look the part!

Corp drug pushers paid $100,000 incentive to get US hooked on opioids

Former Gov IL and felon will appear at your birthday or event for $100.

Who owns your account now?

TurboTax buys CreditKarma

Miracle:

Antarctica melting is visible in just 10 days via satellite: no more snow on Eagle Is.

Earth bacteria turns space station water: bring your own water and face mask.

Corona found in CA patient with unknown origin: not travel not family unknown

Antilynching Act finally passes House after 200 years: will The Mobster sign it?

Baseball finally promotes black chief umpire: it has only taken 181 years!

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

Why most investors don’t need an advisor any more

Why most investors don’t need an advisor any more

Many are DIY investors—they have jettisoned their advisors since learning the John Bogle and Warren Buffett investment lessons: advisor costs detract from your earnings. Advisors can take up to HALF your earnings in fees and trading costs. Here are DIY's results for 2019. They are total return investors—selling shares equally across all 10 funds for their monthly RMD income in retirement. Some want protection from a down market and so they overweight Wellesley Income instead of buying an annuity: Wellesley’s 9.7% a year is not too bad to live on.

2019 Total Return Fund                    Long-term Return      Longevity

31.5% 500 Index                                             11.2% since 1976

13.2% Energy                                                    9.9% since 1984

28.0% Extended Market                                  10.7% since 1987

22.9% Health                                                   16.2% since 1984

31.4% International Growth                              10.6% since 1981

27.9% PRIMECAP                                         13.4% since 1984

27.4% Small Cap Index                                    10.6% since 1960

16.4% Wellesley Income                                    9.7% since 1970

30.4% Windsor                                                11.3% since 1958

29.0% Windsor II                                            10.7% since 1985

25.8% Average                                                11.4% *

            *Average Annual Returns as of 12/31/19.

Dependency costs too much: https://www.amazon.com/DIY-Financial-Independence-Freedom-Workbook/dp/1088908500

If you already had your legacy planned, you may have to change it

Congress just passed SECURE which makes your non-spouse heirs un-SECURE since they must take all your IRA (ROTH IRA) money out and pay the IRA distribution taxes within 10 years. If you were planning to leave your $500,000 IRA (Roth IRA) to your daughter to supplement her SS benefit, she will need to pay the IRA income taxes on $50,000 not $15,000 a year as you had planned. The Roth has no income taxes but your legacy still ends in 10 years after your death. You can no longer guarantee your son a SS supplement in 2035 when SS benefits will be cut by 25%. The same 10-year limitation will apply to your “conduit” trust. They won’t have payments over the trust beneficiary’s life expectancy. We had planned to leave our IRAs and Roth IRAs to our children so they could have supplemental income for the rest of their lives—20-40 years. Now we will have to create an expensive trust to do that. HOPE 2021 new Congress could change it.

https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

New law takes away food stamp funding

Congress cut $5.5 billion in SNAP funds over the next five years, forcing 10,000 families to lose all food stamp benefits. Congress cuts benefits to SSI may put more disabled persons into homeless status. We were tricked by Trump’s party: they promised that under the 2017 tax bill working families would see a $4,000 - $9,000 benefit both in individual tax cuts and through investments made by corporate America. Now Trump wants to claim he paid for the wealthy tax breaks. Nothing remotely close to this has occurred. Now median family income has risen just $514 while corporations enjoy their lowest effective tax rate in more than 30 years—just 11.3%. Trump claims he got Congress to cut $426 billion in further wealthy tax breaks. We pay subsidies to many profitable companies already. We’ve seen skyrocketing CEO pay and stock-buybacks that enrich wealthy shareholders. Stockholders spent dividends on private planes and bigger yachts not on new factories. The already wealthy gained another 25%: $1.2 trillion in 1 year. Many middle class saw their taxes go up NOT down.

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

Changes to retirement plan law require some re-thinking

The Secure Act raises the age for RMD (required minimum distributions) to start to age 72 beginning in 2020. It also removes the age limit for contributions to traditional IRAs beginning in 2020. This 2019 legislation does not affect the rules for 2019. If you’re at least 70½ in 2019, you must take a required minimum distribution. And you’re not allowed to make contributions to your traditional IRA for 2019 after age 70½. Put them into 2020 and beyond. You can add to IRA all your home health payments, grants, fellowship, stipends and awards. For those who don’t save: “IRA holders can use money in their account for child birth and adoption cost without penalty,” The bad news is that insurers can now sell annuities to employers so bosses won’t have any responsibility when your retirement income loses its buying power. There are better ways to gain steady income and keep your nest egg growing than giving your earnings to an annuity seller.

Annuity alternatives: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

The rich have plans to avoid DEM wealth and income taxes. Do you?

Consider if DEMs win in 2020 and are able to change any laws, what are your plans to avoid the new taxes on the middle class (wealthy already have avoidance plans)? GOP has run up huge deficits by using our children’s future income to give themselves one of the largest tax breaks. Many of us did NOT receive a benefit from Trump’s tax cuts. Trump’s friends in the tax-credit class did. Because of the staggering $22 Trillions owed in our name, Congress will have no choice but to raise taxes. Since the wealthy already have ways to avoid taxes, those without offshore or corporate tax shelters will be paying. Right now the wealthy pay under 17% tax while most working people are paying over 30% total. We don’t have the accountants, lawyers and companies to hide our assets or income. The IRS doesn’t have staff to chase down all the tax havens around the world. We middle class will end up paying more, not less—unless we use the only legal shelter available to us. There is only one free LEGAL tax shelter.

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

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

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

Mobster’s court: let’s just “dismiss impeachment” articles

Mob boss’s henchman to ‘sing’

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

GOP allows scammers neighbor spoofing: Trump makes space war not robocall war!

Everyone needs a gun in TX, even in church: churchmen kills gunman; way of life here.

U.S. mass killings hit new high in 2019; most were shootings

Clean water regs cancelled: GOP gives industry GO to dumping in streams near you!

Trump’s tariff ‘success’ over Mexico and China means they will just charge more

Trump reverses ban on vaping products: lobbyists win and kids continue to die. 

SCAMS/SPINS:

Biden says he won’t comply with Senate subpoena either: why does anyone comply?

Trump screwed us, not China: his tariffs cut jobs and raised prices: Fed Reserve study

Wealthy added 25% more: Zuckerberg gaining $27.3 billion; Gates adding $22.7 billion.

Pentagon warns against using DNA tests: security and accuracy of data in question

Tax prep firms helped change process: more profit from more schedules, pages, time.

IRS approved software beats Turbo, Block, etc: I use FreeTaxUSA.com & TaxHawk.com

GA follows WI in purging 300,000 DEMS from voting rolls: helps to re-elect Trump

Marcato Capital hedge fund did poorly shuts down: some investors lost money

Oppenheimer caught excessive sales charges: unit investment trusts (UITs). Fine no jail 

Citi, Morgan, MStanley, Merrill caught NOT watching property transfers to minors done legally

United Capital accounts to Goldman Sachs so Goldman can learn independent retail operations

Tesla autopilots only work if you guide them: 13 crashes 2 killed when drivers don’t guide ‘pilots

Jobs

Russians will ring in 20 years of Vladimir Putin: may our ‘Czar’ go back to real estate!

WV prison guard trainees go Nazi: whole class is fired

Uber/Lyft drivers: follow the new operating rules and save on taxes.

2020 forecast: behavioral scientists, data analysts, online reputation managers

Miracle:

Plants are sending warning signals about dangers in their environment

Cure for sickle cell by fixing genes in bone marrow for new blood. Gene editor jailed.

WV Bishop Bransfield spent $4.6 million of believer’s money: sex abuse at his mansion.

Bishop’s list of sex abusers not complete: Bishops still protecting fellow abusers

IAN

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