Suggestion list: What to do with your $1200 or $2400
Hold on to it for essentials as the future is unknown. If
you must have cash to buy an essential down the line, you have it. Doctors,
landlords, lenders,
utilities can wait—they have reserves and access to federal lending programs we
don’t have. Many states are making evictions and shutoffs illegal. If you have
been laid off, explore your health
care options. Trump
says he will pay hospitals for C-19 care but what if you break a leg
running your part-time business or fighting to get into the grocery store. Use
some of your money to start/expand a hobby. People need something to do at home
so offer your hobby/book/toys/etc over Amazon
eBay, Craigslist, Facebook Marketplace, etc sales process. You may be allowed a
tag sale in your front yard as long as you have 6 feet lines on ground. Better
yet use Craig list. I sold an attic house fan that way. Never take anything on
the internet for truth without ‘trust but verify’. I go to 3 other sources
before I click. My garden center sent me an email offer with link to see
details. I emailed them directly and they confirmed it was a scam/phishing from
theft of their email list. Explore your situation. Ask
your employer for help: vacation pay; forward sick time, student loan,
etc. Ask
your vendor for a couple of months wait in writing.
Gov resources to help deal with virus recession:
How the rich avoid paying taxes anywhere
It is easy—live where you want to but claim
your legal residence—citizenship—in a country jurisdiction that does not tax
money earned outside that country. In essence live in a tax haven—just officially.
The rich maintain an intense schedule of travel using a virtual single-family
office of professional management over their businesses. With accounting firms
geographically dispersed, each is the cornerstone of their single-family management
office. Their virtual family office coordinates experts and specialist serving
the needs in specific geographic areas. This management scheme helps the wealthy
be everywhere and nowhere at the same time. They are true global
citizens—avoiding all local taxing and legal authorities. They
even get C-19 screening tests immediately for free. Since money is no
object, your family office will provide low taxes on your income from
everywhere in the world and you just charge it to your personal credit card.
When your yacht needs maintenance, the office in the country where it is docked
takes over. Almost all your possessions and assets are owned by one of your
companies so a wealth tax is as ineffective as the US
Create your own tax-free account: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466
Does Trump receive a tax deduction since his name is on
relief checks?
Will Trump’s accountants use the fact that his name appears
on the check millions of voters receive use it as a marketing expense deduction
for the campaign for president? In past campaigns, the use of his name has been
a deductible expense. Why
else would Trump insist to the Treasury Mnuchin that the IRS must delay checks
by printing his name on the checks? "During
economic downturns in 2001 and 2008, President Bush included his name on
letters sent in advance of recovery checks." The IRS refused to put Bush’s
name on the checks. An observer noted that to avoid the potential for
corruption or misuse of funds, a civil servant – not the president or someone
appointed by the president – signs the checks. Trump wanted to actually
sign as payer. Now he denies it and blames his staff. Treasury
denies that coding software and reprinting the checks with Don’s name will NOT
delay delivery despite previous reports. One Rep said: "So Trump is
delaying the stimulus checks so his signature can be printed on each one. Him
first. You second. Always." Trump
makes $59 million on his name image.
Ebay:
The Don’s check for you: $17.99
Experts don’t know when businesses will restart
Every financial guru says they know but they are just
guessing. This is not like any recession/depression before so we need to make
plans to survive. Many are rescheduling
their cruises in 2021 but that is more marketing (25% off). Wall Street’s ups
and downs are just positive thinking by speculators. Politicians’ forecasts are
biased. Some businesses will not be able to come back so the unemployed may
have to shift jobs. More than 16.8
million Americans filed for new jobless claims. Some can’t even get the
form to file. States’ cash is low. If there are over 10
million looking for work at the same time, it will take months to
rehire/restart/restock for next year. Think of the lines when ads post 1,000 openings.
Get
refunds. Don’t waste that $1,200 paying bills. Doctors, landlords, lenders,
utilities can wait—they have reserves and access to federal lending programs we
don’t have. Many states are making evictions and shutoffs illegal. Perhaps a
temp job will keep you motivated and fed for a few months. Prepare a budget to
cover food necessities for 6 months so you don’t panic. We just don’t know and
panic is all we can control now. During the ‘30s depression President Roosevelt
helped us come together with a speech: “Only Thing We Have to Fear Is Fear
Itself” Definitely worth reading today:
“Only a fool … can
deny the dark realities of the moment.”
JPMorgan caught overcharging own employees again
JPMorgan
sued for overcharging 401k employees: failed fiduciary: pensions will be
cut. Paying the 2%
fees over time causes total accumulations to be cut by over HALF. JPMorgan
and 401k staff is robbing its employees of the pension they paid for. Like many
other large and small companies, the owners seek to make the 401k plan a profit
center. The fiduciary duty—making investment options that are best
for the employee—is required by law. Almost every new hire is given poor
investing advice by the HR department in charge of signing employees up for
the owner’s plan. Most HR people are not financial planners so they tell most
young and old employees to put all their money into so-called stable funds.
HR recommends these funds so that the owner will not be sued when the employees
account value goes down. However, for anyone under age 50, these are the worst
investment choices since most employees have time to grow their accumulations
at the market rate of 11%
not 2%: stocks vs bonds. Morgan employees, like most 401k members will end
up with $62,000
instead of $195,500. Only the enlightened employee will put all their
contributions into the low-cost
index fund if they can find it in their plan’s 56 page brochure.
Stop the theft: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966
Why file your taxes ASAP?
If you have refund, waiting gets you nothing. Could the IRS
run out of money? Could gov computers make a mistake after April 15 because
they did not get the email about extension to July 15? Is it possible there will
be big delays since all the IRS and check printers are out of the office now in
virus lockout? Just to avoid all the bad stuff, file now. Check your
state for deadline. The federal and state filing 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. File
now for refund: 90 day interest-free extension if you owe. https://www.irs.gov/pub/irs-drop/n-20-18.pdf
Filed already: refund status: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp
**********ACCOUNTABILITY**************
Like 1776, this period
is a test
of democracy—do we really want ‘low-IQ’
Mobster?
If it takes a village,
the village
idiot is in charge: “metrics up
here” (his head)
Idiot declares: “We have the
right to do whatever we want”
Village Idiot: “It
is my decision to reopen the US economy”
IDIOT puts Real
estate developer/clothes maker in charge of reopening
our nation
Village
idiot voids OSHA: don’t report virus—election coming
Village idiot orders his
name put on relief checks: election messaging
How Govt wastes our money: Congress spends another 3.7 Trillion we don’t have!
Airlines
favored by Mobster receive $32 Billion in bailouts: we pay for their
bonuses
Boeing
hires lobbyists to obtain more bailout money, loans: we paid $17 B already
C-19
law allows HSAs and FSAs money for over counter meds reducing taxable
income.
We will never know who
is getting $ billions in bailout money: Lobbyists know
Trump
orders FEMA to buy supplies from Canada firm in no bid scheme: stock soars
While Rome
Navy
ex-chief spent $243,000 to give 15 min speech blasting its captain: dock
his pay!
SCAMS/SPINS:
Surprise medical
billing: very
wealthy squeeze/bankrupt workers even with insurance
GOP
slips into C-19 ‘relief’ an extra $90 Billion tax break for super rich:
ends ’17 limit
Scammers ask for ‘processing
fee’ for relief checks: No
fee and no withholding tax!
Travel
insurance is really to insure sellers
don’t lose money: they keep our money
Favorite
virus scams: cures, faster checks, secret stuff, virus gear, toilet paper, taxes etc.
H&R
Block bait and switch: charging for “free service”: Fee
from refund stops $1200
Michael Altobell CA caught
mismanaged client accounts suspended
Richard LaBare CA caught
ignoring investigation barred
Gerald Eaton MA caught
mismanaging client accounts suspended
IRS
offers scammers a new tool: enter data get check for each fake ID you use.
FL
to reopen schools: GOP Gov thinks kids not affected by virus
GOP
Biggs and Buck attacking
Fauci for cutting virus deaths: Reps
have ObamaCare plus
Virus
misinformation grows: uncovering the truth: adults crying out for attention
Pastor
held services against ban on groups and then died of the virus:
evangelicals note
Trump fixer Michael
Cohen gets out of jail early: Trump’s lawyer sends him home.
Untested
virus antibody tests give false hope of immunity: sets up 2nd
wave of deaths
Trump
uses them as political tools. FEMA seized state order so Trump can give to
GOP.
Labs
have no funding for national testing to secure return to work: No plan;
just talk
Marshal
law TX FL RI: troops take ‘foreigners’ off roads; house ‘arrest’ for 14
days.
GOP
Hollingsworth wants to save GDP even if it kills us all: He has great
health care!
Facebook Google delete
virus conspiracy
theories from politicians, TV stars, fake news
Jobs
Delta tells sick
employees: don’t
tell fellow workers you are sick
Smithfield Foods
will continue
to pay its 3,700 employees during the 14 day closure
Fidelity Investments
hires
2,000 to work the phones
Your lawyer still
charges court rates from her bed or pool: how fair is that?
NYC transit workers
who die
during the virus period will leave their families $500,000.
Who owns your account now?
As
banks get bailout money, they
make it harder to get a low-rate mortgage: Cake and eat it too
Soon
our waterfront property will be under water: when to change location
accounts?
Contract
workers, gig, DBA owners guide to relief loans: something for everyone.
Vanguard
others close
fed money market funds to keep yields high: Fell to 0.6273% from 2%
Trump’s
FHFA declines
to bail out mortgage industry when borrowers miss payments
Miracle:
Doctor
makes ventilator from items from hardware: why GM takes months at $10,000
ea
Super
moon landing in San Fran bay: close est (to earth) encounter this year
First time president
has declared major
disaster in all 50 states at once
First time president
insists his
name appear on Treasury checks.
First family puts
secret service staff at risk: Ivanka
Jared kids travel despite Trump rule
New
blood test finds 50 cancers before symptoms: early detection saves lives
Antiviral
drug, also known as "GS-5734" shows promising results in trials
10 lost apple
varieties found: rediscovered apples planted by NW pioneers.
IAN
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973.746.2014
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