Give your graduate tax-FREE money

 

Will Biden minimum tax on corporations of 15% hurt you?

Most profitable large companies pay little or no taxes. Our Congress people designed the tax laws that way because the corporations pay for our representatives’ elections. Our reps are “lobbied” by corporations at the rate of 12 to 1. Is it any wonder that we pay 33% in tax while the rich like Warren Buffett pay less than 18%. Most wealthy people have ways to hide their incomes—overseas or gimmicks. Imagine if you could cut your taxes by promising you will never sell the trees in your yard! A study of IRS records shows the wealthiest pay only 15.8%. Some pay nothing. Most working people don’t know about a simple way to avoid taxes so they end up paying for the deficit created by the rich and corporations not paying their fair share. Just by investing in a special IRS-approved account at your job or mutual fund or bank, you can avoid paying fed and state taxes.

Use your tax-FREE IRS account: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

 

Give your graduate the best gift you can give them: tax-FREE money

High school and college graduates need the best gift you can give them: a future of tax-FREE income. Get them started now since your gift can grow many times its value over time. For instance, $50 invested now can provide them with $20,000 when they need it later. Since you have started your grad off with this special IRS-approved tax shelter they will find it easier to keep saving/investing the right way. They will end up with a tax-FREE retirement. They can create a $500,000 tax-FREE account. Some young people have grown their accounts to over $1 million by investing $167 a month while they work. They will pay NO taxes on their wealth. They can avoid future tax increases. They can boost their savings by 30% with just the fed/state tax savings alone. And if they need a home down payment or business start up fund, they can use the contributions tax and penalty FREE.

Perfect gift: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

 

Claim your $55,000 average ‘lost’ pension 401k account

We change jobs on average 12 times during our work years. Sometimes we forget or don’t know how to move this money. We also leave money at utility and bank accounts with lesser amounts. Sometimes we are the heir but no one told us. That was the case with MetLife and other insurers sitting on unclaimed benefits for years. Insurers don’t work hard to find heirs. They don’t have an incentive since they can continue to make money on our money. When my father died, I found he had bought life insurance for me 40 years ago. The insurer never sought me, the beneficiary. We have nearly $1.35 trillion left behind in retirement accounts that are connected to previous employers, according to a new study. Twenty-four million of us have money paying fees to old employers or their brokers. In most cases you are better off moving your money to a low-cost IRA provider like Vanguard. Contact all your former employers and the National Registry and get the details. Ask Vanguard to help you move the money to one of their IRA rollover mutual funds. You could double your $55,000 in about 8 years using a low-cost stock fund like the 500 Index. Vanguard moved my old IRA from a bank in just 3 weeks.

Pay less; earn more: https://www.amazon.com/Tune-your-401k-EARN-Tax-FREE/dp/1490591028

 

Where can your child invest those graduation gifts?

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 buy 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. Investing requires patience not fast trading.

Time not trading: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

Is paying off your mortgage early right for you?

I get questions about this option many times and it isn’t easy to answer. No one answer fits for most people. Example: a couple in their 60s had worked all their lives but ran into difficulties in the late 90s. One spouse couldn’t find work after an industry consolidation. He took early Social Security at a lower benefit. They had to declare bankruptcy but kept their qualified investments (IRAs, 401ks, 403b) and their home. They took advantage of low rates to refinance the $250,000 mortgage in 2010. In New Jersey most of their mortgage payment goes to pay the property tax of over $20,000. They did not have funds to pay off their mortgage. One spouse worked past age 70 but they were still were not able to pay off their mortgage. They cut spending and rebuilt their credit. They kept their home in their favorite neighborhood. Their fee-only planner helped them make a plan for spending in retirement in order to keep paying down their home mortgage.

Make a plan: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

 

Why is the stock market the only place to fight inflation?

When inflation is low, the stock market returns over 12% (if you use a low-cost fund or broker). When it is high, stocks are the only hedge against falling buying power. Sure, bank CDs and bonds are less volatile but most of us lose money—earn 2%, inflation 3%, taxes 5%. Most retirees need to keep most of their money in the stock market. More folks are living longer—30-40 years without wages. And you may need part of your nest egg to pay for health or living care later in life. To maintain income for 30-40 years, you need to earn more than the inflation rate. Warren Buffett advises retirees to hold one stock fund for growth and one fund for retirement annual expenses. While one will provide over 10% return on average, the other provides a fixed income each year. For many folks, the IRS specifies the amount of taxable income they must take from their nest egg of stock funds. The stock market is the safest place to invest in retirement—it kills higher prices.

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

 

 

Can you retire on dividends?

Yes you can; just like the wealthy. ELON MUSK, JEFF BEZOS, AND WARREN BUFFETT AGREE: PAYING TAXES IS FOR POOR PEOPLE. Real estate queen Leona Helmsley made the same comment 25 years ago. Raising the income tax to 33%—the rate most of us pay—would have no impact on those with $ billions. Most of the wealth accumulation of these folks is not called income according to the tax laws written by the millionaires we elected to Congress. Dividend-producing stocks like Coke and J&J throw off 3% yield at best. With a portfolio of $1 million, you must live on $30,000 a year. If inflation runs at 2%-3% a year, you will not be able to keep up with rising prices. You will need to sell some stocks for income—creating capital gains tax on top of the tax on dividends. You can invest in more speculative stocks which provide higher yields. You can also use a low-cost dividend-focused mutual fund like Vanguard’s Dividend Appreciation Index. It has strong annual returns of over 10% since 2013. When stock growth is falling, the dividends provide a solid income stream. A balanced portfolio in retirement can generate dividends which are taxed at a lower rate than the income from IRAs and pensions. Thus high dividend stocks should not be placed in these accounts. A cash account with dividend stocks as an asset is not taxed as income as it accumulates value. Another asset with dividends is commercial property owned by a real estate trust like the Real Estate Index offering 10% annual returns since 2001. Of course with enough time you can build a tax-FREE retirement with many assets.

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

 

You can retire with no income tax: the best deal

It is now possible to retire with no income taxes. Using the IRS own tax shelter, you accumulate and grow your nest egg over your working life and then spend it all when you retire. This account was created in 1997 for those workers who wanted to avoid income taxes later by paying them now on their earnings. So if you were investing $250 a month in this account after taxes (not tax-deferred like a 401k)  you could see your $3,000 a year contributions to a stock fund grow tax-FREE to over $1 million in 30-33 years and then pay no taxes on the growth. You contribute $100,000 over time and SPEND over $1,000,000 without taxes. Because your taxable income is low, you pay no taxes on your Social Security benefits either. Because this account is not a 401k or IRA rollover, you are not forced to withdrawal your nest egg at a rate determined by the IRS. No RMD and no taxes and you can spend the full amount or leave to heirs. Your spouse does the same.

Retire Tax FREE: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

 

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

 

 

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

 

Will we reject American fascism again?

 

Dictator uses fear to retain power

 

Red state vs blue cities: political civil war?

 

GOP + Manchin assure all Dems can’t vote in ‘24

 

Coup: “We are here to take over the Capitol, we are here to hang Mike Pence”

 

 

 

How Govt wastes our money:

One closet GOP senator holds up American voting bill and jobs measures: WV pride?

Some states ban teachers from racial discrimination education: Scopes trial II

Wealthiest — like Warren Buffett, Elon Musk Jeff Bezos — paid little in taxes.

 

Biden’s Justice lawyers defend Trump against rape victim’s case in court

Millions of vax expire soon as death toll nears 600,000

 

SCAMS/SPINS:

Judge lifts CA assault weapons ban: “Good for both home and battle” personal bazooka!

Legal: buy assault weapon w/o license in TX and drive to CA to kill 30 at a time Battle!

 

GOP votes against equal pay for equal work: McConnell says “bipartisan” era over.

 

Fake medical professional reviews: beware: glowing ‘patient’ reviews: just hype?

Popular at-home DNA tests ‘extremely poor’ at finding rare genetic disorders,

FL employers CAN’T require vax so cruses become very risky passengers infected

 

Centaurus Financial caught hiding fees; misinformation conflict of interest. Fine

Cryptocurrency Investment Scams Skyrocket: ponzi schemes in sheep’s clothing

JPMorgan freezes donations to Republicans who contested 2020 election

 

Paul R. McGonigle MA caught stealing $300,000 from client annuities; fake ID

Holly Hand Chad Calice caught insider trading Neuralstem stock: fine no jail

David Aaron Rockwell FL caught stealing $1 million forging fake loans: 5 years jail

Oxford U: created program that projects share prices for 30 seconds of live trading. So?

 

BEWARE: your advisor/broker uses testimonials to sell you Truth is in the fees.

BEWARE: OH GOP take doctor testimony: people magnetized by vaccines!

Biz, even medical practices can pay Facebook groups to post fake reviews: “magnetize”

 

JBS give criminals $11 million instead of using IT backup: encourages more hackers

 

IRS: Easy Steps to Protect Your Computer and Phone and Avoid Phishing Emails.

IRS: Free special ID protection PIN goes on your return so scammers can’t take refund

IRS: Previous tax returns available online: https://www.irs.gov/individuals/get-transcript

IRS tips to avoid scams: https://www.irs.gov/newsroom/tax-scams-consumer-alerts

 

Is it a scam?  Check AARP scamline 877.908.3360. BBB Scam tracker

 

Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Find tax preparer: https://www.irs.gov/tax-professionals/choosing-a-tax-professional

 

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

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

 

 

Jobs

Robo may do your next interview: evaluates interview responses; gives manager a score 

 

Who owns your account now?

Amazon is using your WiFi to share Echo & Ring networks in the neighborhood.

 

Miracles:

New pill to fight high-risk breast cancer.

Janitor gets to teach kids with college degree after 23 years of cleaning up after kids

FDA approves first drug to slow decline of Alzheimer’s disease

 

Obesity treatment cuts weight 15% but costs $1300 a month: “feel full” so don’t eat

 

 

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/

 

9549013194571154399289

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

 

 

Look before you leap

Why annuities are hot again

Trump cancelled the Fiduciary Rule which protected us from the worst abuses of the high-octane industry sellers. Sellers can collect 6-10% of your annuity purchase price so every high-net worth customer needs an annuity. This is one of the highest payouts for most sellers. The Rule made certain demands on sellers to prove their annuity with up to 15 years of surrender charges was your best deal for retirement income. Yes some contracts allow you to participate in market upswings and limit your loss, but your gains are cut off by contract limits and the ongoing costs. These can go up to 3.35% depending on your choice of options. Since the alternatives, which may be better for you, provide much less income for the seller, you can understand why Obama’s Fiduciary Rule was abolished. Yet, you can have income and growth at lower cost and maintain control.

Consider the options first: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

Your portfolio could have beat Yale’s investment gurus without the cost

David Swensen, the longtime investing chief at Yale University, got $4.7 million in compensation in 2017, making him the highest paid at Ivy League schools. His helper got $3.5 million. Yale has posted a return of 11.6% in the five years through June 2018, the second-best gain in the Ivy League. If you had followed Warren Buffett’s advice, you would have earned 12% for that period. You don’t need a high-cost broker/advisor or firm. You need common sense. If you pay more, you earn less—up to 63% less over time. If you pay a salesperson, you lose money. If you try to trade or time the market you earn 3.79% over time according to DALBAR scorekeepers. Yale does not do fast trading or market timing. Compare the holdings of most pension funds like CaPERS: 50% equities using low-cost passive index funds. Even for pros, it isn't about stock-picking. It's about owning the market over time.

Use the Buffett strategy: https://www.amazon.com/Warren-Buffetts-Investment-Secret-Steeple/dp/1484189809

Financial regulators ID 61 firms as high risk for cheating clients

FINRA proposes to watch rogue firms for irregularities. They attract sales people with questionable histories.  Regulators allow sellers to move from firm to firm despite client- abuse patterns. "The most critical is a pattern of disclosures," he said. "For example, a broker could have an unauthorized trading complaint that is recent but seems benign. But when you look at the broker and the movements he has had, say four or five different firms, and he has faced similar allegations at those firms but in a different time frame with different customers, the pattern seems to be emerging, so we are going to take a closer look." FINRA does not try to weed out the violators—violators are found by us when we complain. Regulators have a list of high-risk brokers using industry and disclosure data, and then begins its analysis. The list is not available to us. All we can do is check FINRA BrokerCheck and the list of barred brokers. We are the victims but most perps just move on to new firm.

Buffett says we are better off on our own: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Is ‘factor-investing’ right for you?

New name but old gimmick to try to predict the future. Brokers/analysts claim they are customizing your portfolio using whatever you need—“higher returns or lower risk, such as momentum, value or size.” They say they use factor analysis to find a fund “less expensive versions of your current portfolio.” I am a little skeptical since brokers or advisors are hired to ‘earn’ money from your money. Others claim they use it to find a fund “to reduce investment risk.” And you thought that was what your advisor did all the time for their 1-3% fees and charges. "If we get risk right, the returns will take care of themselves over a long period of time, and we know that staying in the market is the important part." ‘IF’. Assumptions work in a strong market and an advisor can show the ‘factor analysis’ to keep us in the market. But this new name and fees for choosing value, size, momentum, quality, price, dividend yield and volatility cannot make the future predictable. The average managed-account investor is still earning less for every period: only 3.79% over time instead of the market index rate of 10-12%.

Forget the fad, take 10-12%: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

Where do your broker-advisor fees go?

The first thing I learned working in a brokerage firms is that senior management must get rich from your advisor or broker. Don’t kid yourself (or let them try to), they are after a big chunk of your money. You may be investing for the benefit of you and your family but so are they but they’re taking theirs from yours. Are you surprised by how much you are paying annually for James P. Gorman, Morgan Stanley taking: $28,168,639; Jim Cracchiolo, Ameriprise Financial: $22,310,000; Timothy Sloan, Wells Fargo: $18,400,000; Terrence P. Laughlin, Merrill Lynch: $17,796,226; Walter W. Bettinger II, Charles Schwab: $15,627,607; Paul Reilly, Raymond James: $12,453,375; Ruediger Adolf, Focus Financial Partners: $11,637,251; Dan H. Arnold, LPL Financial: $7,128,351; Ronald J. Kruszewski, Stifel Financial: $5,287,305; Judson Bergman, Envestnet: $4,200,366; Thomas A. Nally, TD Ameritrade Institutional: $3,521,305; Richard J. Lampen, Ladenburg Thalmann: $3,115,271; Robert D. Oros, H.D. Vest: $1,464,473. Fidelity is owned by the Johnson’s so we don’t know how much CEO takes. Half of investors now in low-cost indexes: https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

Seventh biggest mortgage lender in the country is us

We are ‘giving’ our kids over $39,000 for a home. The average U.S. home price in 2018 was $310,000. Many parents can’t help themselves and provide help even though it may leave them with a shortfall now or later. After all that chunk of retirement money could have provided $300,000 in 20 years. Most loans become gifts since the children are tackling new family, student loans of $30,000 on average and finding full-time careers. One alternative is to save with your children—match their savings/investing—dollar for dollar until they have the home down payment. Another solution: folks might find it easier to take out a HELOC on their own home to make the kid’s down payment. Home equity loans are deductible and perhaps have a lower rate than the student loan. Make a deal: exchange your old car for their new one. New cars can cost $40,000. If they don’t buy or make payments on one, they can invest that $400 a month instead. Remember, an easy down payment gift provides no ‘skin in the game’ for them.

Save on home purchase process: https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

Is the American middle class doomed?

If you think you are middle class, you are, according to some writers. But since the 1980s, the productivity gains have all gone to the top 1% of earners (23.5% of all income; up from 8.9% 30 years ago). It now takes two workers, usually well educated to create the same lifestyle as the average family in the 1950s and the 1960s. Wages are LESS than they were in 1973! Many of our children are creating extended family groupings like in the 1800s. Only the ‘robber barons’ could afford a home of their own. We go further in debt trying to keep up. Work operations change very quickly—keeping up our skills requires continuous learning—we never had to do that before this generation. Generations live in mobile homes now. Walmart may be the best paying job in town so food stamps are necessary. 62% of us don’t have enough for an emergency when it comes. It feels like we are on the road to serfdom.

According to one writer, its elements are: (i) internationally, capitalism is restructuring and U.S. global hegemony is fraying; (ii) domestically, the post-WW-II good-life of the “American Dream” is slipping away; (iii) politically, democracy is eroding, a casualty of big money and voter suppression; and (iv) legally, law enforcement is being increasingly militarized. Only the corporations and wealthy have the power to actually do anything. Many of them are propped up by ongoing tax breaks and subsidies from tax payers. Even our reps in Congress are powerless without the dough to stay in Washington so they follow the rule of money. Our government leaders are above the law we are subject to, just like serfs. We don’t even fairly elect our own president anymore. Scalia taps Bush.

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

Need a graduation gift?

The greatest gift you can give is financial knowledge. No matter how much your young graduate makes, it is up to YOU to show them the Buffett investment strategy. Make sure they can make and manage money. At my first job, I had no clue which investment to use for my 401k contributions 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 about $150,000 instead of a Wealth Reserve of $877,233 about 33 years later.

YOUR choice: https://www.amazon.com/Give-child-leg-up/dp/1096505355

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

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

“The campaign -- for him -- was always a marketing opportunity.”

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

Will voters who need ObamaCare vote for it?

Can a mob boss snub Congress’ subpoena?

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

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

Now Iran? We are still in Syria, Afghanistan, S Korea, Japan, Germany, 150 more. Debt.

Not invade Iran today: CIC says there is ‘no indication anything has or will happen.’???

Trump made up ‘threat’ from Iran to send war ships to impress base. What’s next?

Trump admits he is ‘stable genius’: Proof—just ask his employees- Kellyanne, Larry, Sarah, Oh My.

States fight Trump ban on hospital workers treating patients he does not want to help.

Tax breaks for wealthy but no tax payer jobs at crumbling infrastructure firms

Senators pass 2 bills in 2 mo: lay them off until McConnell retires—saves $10 million.

Farmers’ socialism; beer makers lost 40,000 jobs: Trump like Putin makes winners/losers

Trump Mob gives tariff waivers to the firms they like: others on hold.

TX GOP cancels disaster relief for fires, floods and hurricanes. No reason for ‘no’.

SCAMS/SPINS:

What would GOP do if DEMs refused to provide info they requested from WH? Arrest?

Why are those who defy subpoena NOT in jail now? Are all GOP above the law? Trump?

Pelosi: Trump “engaged in cover-up” so is that ‘high crimes and misdemeanors’?

EPA to ‘cook the books’ on coal pollution so report less than 1400 deaths per year.

If All the President’s Men can ignore the law, are the wealthy far behind? Biz espionage?

Wealthy skipping IRS audits—all 5 auditors working on ‘Trump audit’?

GOP fails to block China’s car maker in US transit: Follow the money. Buy American???

Trump Mob promised banker job for $16 million loan to Manafort: Jared: “on it.”

Don Jr will tell all in new book even if from prison: follow the money

Ford soon delivering pkg to your home by robots: $1,000 but no tipping needed

Coal industry may be shut by insurers not govt to control storm damage claims

No more low dose aspirin: bleed in skull

Trinity Healthshare called sham ministry: deceptive practices.

Life Partners Protective Life caught overcharging older investors in resale scheme.

“Credit reporting, credit repair services” category with most complaints at CFPB.

FCC get carriers to block Robo calls? Lost revenue?

Morgan Stanley’s Tim Prouty caught using complex risky strategy: client wins $519,000

Randy Rodberg; Andrew Costa; Claude Mosely; Marcus Bray caught Woodbridge ponzi.

BBT caught overcharging own employees in 401k: breach fiduciary duty.

Portfolio Advisors Alliance, Allen, Wasserman caught selling fraud private placement.

Daniel Pacheco, CA caught selling speculation on ‘cryptocurrency’ pyramid scheme.

Argyle Coin Jose Angel Aman caught selling Ponzi “fancy colored diamonds.”

TurboTax Uses A “Military Discount” to Trick Troops Into Paying to File Their Taxes

Weinstein pays $44 million for crimes but no jail time: Moguls cost of doing business?

Trump Mob lining up pardons for friends and partners: ‘Mobsters dream come true.’

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

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

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

Jobs:

Where did our pay increases go since 1980?: the famous 1%ers took productivity gains.

Walmart next day delivery for free on $35 orders; Amazon $49 delivery free some ZIPs.

Ford cuts 1200 from management; 7,000 worldwide.

Canada Mexico workers rejoice! Trump lifts steel alum tariffs.

Who owns your account now?

tap-to-pay credit and debit cards issued by banks try out on NYC subways

Navigators Group to the Harford

Bezos keeps all your transcripts of Alexa recordings even after you ‘delete’ them.

Miracle:

Software investor helps graduates with loans

Another body in space is not on same course as ours: we survive—it’s a miracle!

17 y old student set to graduate from Harvard just days after high school diploma.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alert

Koch Bros: America is "welfare for the rich"

Koch Bros believes America is built on “welfare for the rich”

“I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished," Charles Koch wrote. He claims he has “spent decades opposing cronyism and all political favors, including mandates, subsidies and protective tariffs.” Yet the Koch Brothers have relied on $88 million worth of government subsidies (our taxes) for years and pay $ millions for elections to keep subsidies. They oppose cleaning up the environment they profit from while they destroy it!

Are you losing 63% of your retirement earnings to Wall Street?

How much of your retirement are you giving away?

Costs matter: Broker/advisor/trading cost 1% to 3% every year.

If you use a salesperson, costs can take HALF your money!

$3,000 per year @11%    for 33 years = $1,018,177

$3,000 per year @11-1% for 33 years = $778,768

$3,000 per year @11-2% for 33 years = $613,805

$3,000 per year @11-3% for 33 years = $486,634

Compounding the average market returns of 11% is what turns your $3,000 a year ($99,000) into $1 million over time. No tax when you use an IRS tax haven. http://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

Help for your student in school

Get $2,500 per year for each student during first 4 years. 40% is refundable so you get up to $1,000 even if you do not owe any taxes. Or get $2,000 credit on your tax return for a lifetime of education—even adults can take it every year. Must be legit school and expenses so check http://www.irs.gov/uac/Am-I-Eligible-to-Claim-an-Education-Credit%3F. Also deduct student loan interest up to $2,500 a year. Parents or child can take credits so check out both ways http://www.irs.gov/Individuals/Education-Credits-AOTC-LLC Keep receipts for expenses for school.

Perfect gift for your grandchild

$1,000,000 costs you only $16,000 when you use Compounded Cash over time. Invest $16,000 by age 25 and let it grow to $1 million. See what it looks like at saferchild.org/power/.  http://www.amazon.com/Compounded-Cash-Save-your-Self-Funded/dp/1515066096

2016: America’s real reality TV show—“you just can’t make this stuff up”

Debate summary 10 of the best GOP have “debated”—compare 12 Angry Men: the bigot, racist, sadist, flip-floper, stockbroker, marketer, immigrant, working poor, bleeding-heart, senior, businessman, and architect. GOP candidates positions in own words, just to be accurate. Carson called for 10% income tax and Huck wanted sales tax (VAT in Europe) to replace income tax is a GOP standard. http://time.com/3988276/republican-debate-primetime-transcript-full-text/

Ronald Reagan to Obama: “Just don’t sell Iran arms under the table like I did.”

GOP wants war but …

Robert Gates, who led the CIA under George H.W. Bush before becoming George W. Bush and Barack Obama’s defense secretary, has said bombing Iran could prove a “catastrophe,” and that Iran’s “capacity to wage a series of terror attacks across the Middle East aimed at us and our friends, and dramatically worsen the situation in Iraq, Afghanistan, Lebanon and elsewhere is hard to overestimate.”  

Meir Dagan, who led Israel’s external spy service, the Mossad, from 2002 to 2011, has warned that an attack on Iran “would mean regional war, and in that case you would have given Iran the best possible reason to continue the nuclear program.”

In the aftermath of a military strike, he added, “The regional challenge that Israel would face would be impossible.”

Bush wants to cut women’s health funding: "I'm not sure we need half a billion dollars for women's health issues."  Liz Warren shames GOP on women—back to the ‘50s?

Americans respond with donations to Planned Parenthood despite Congressmen!

Christie PAC gets paid for Christie deal to take $225 m instead of $9 billion from Exxon.

He is booed by 60,000 at Monmouth park as gives Pharoah a trophy. He still thinks boo means voters want him to stay on as Gov and punch teachers in nose and end SS as we know it.

Who rules America?

Last weekend, Koch Industries got the rich together to decide how the GOP will win in 2016. Donors are secret, so foreign countries could be deciding our next Pres.

Follow the money: Election scorecard Bush vs Clinton ($ millions)

Study illustrates that the rich and powerful influence policy more than voters. Citizen’s United decision just made it legal to buy elections, like the Bush coronation in 2000. (The votes were not counted. If they had counted them, America could have avoided 2 wars, 2 tax cuts that raised deficit by $8-10 trillion.)

TX voter ID law violates our civil right to vote, court says

GOP strategy to keep DEMs from voting took a blow. TX can’t keep voters from voting based on new forms of ID and regs.

GOP to get Supremes to SUPPORT global warming for planet via lawsuit

Obama will use lower emission rules as leverage with other big economies — China, India, Brazil, South Africa, Indonesia. Our rules could make America a leader again … except for 5 old men. GOP tells states to ignore Pres request for plans. “Sue to stop him”

Shopping for health insurance becomes normal

State-based marketplaces were overall quite successful in retaining enrollees, however, a large number of consumers shopping within the marketplace during 2015 open enrollment decided to switch plans based on the price of services offered. You can save by shopping just like buying a TV. Plans and doctors change in this new world. Even business owners can shop at https://www.healthcare.gov/small-businesses/provide-shop-coverage/ You may still be able to buy at https://www.healthcare.gov/screener/

Buy only what you need: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Is it time to cancel your PMI?

Drop it when you have paid 20% of your home value as defined in this rule. http://files.consumerfinance.gov/f/201508_cfpb_compliance-bulletin_private-mortgage-insurance-cancellation-and-termination.pdf Since the HPA applies only to residential mortgage loans consummated on or after July 29, 1999, standard 30-year mortgage loans would not have started becoming eligible for final PMI termination under this provision until August 2014. Better ask your servicer for the exact date you can cancel.

Your good credit score can CUT your car insurance cost in HALF

CR tested 2 billion rate quotes and found a poor score can double your costs. See your state for best firms: http://www.consumerreports.org/cro/car-insurance/credit-scores-affect-auto-insurance-rates/index.htm#creditmap Shop for ALL your discounts to lower premium every 2 years: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Need your income tax information for loan, school, home?

Get return transcript by mail at http://www.irs.gov/Individuals/Get-Transcript

You need your Social Security number, date of birth, and address from your latest tax return.

Your tax refund can be worth $500,000 later when you need it

Yes, your refund, averaging $3,116, can grow to half a million dollars by compounding simple market index returns and not paying Wall Street a fee every year. According to Dalbar’s QAIB study, index investors using low cost providers earned 11% per year since 1983. Investors using Wall Street earned just 3.79% and over time will give up 63% of their potential nest egg. You don’t need to pay for success anymore. Start with $9 a day today! It is your money so keep all your earnings: http://www.amazon.com/The-Pimps-Wall-Street-middlemen/dp/151525254X

Did your bank reject your mortgage modification too?

New report says banks blame “do not qualify” on customers and customers say “paperwork is lost or misplaced often.” Delaying a borrower’s loan modification request can be profitable for a bank.” Courts agree. Like health insurers, delay, delay delay just wears us out and we quit trying to get what we deserve. Regulators wash hands with bank notes. 

CR tested 4 robo call blockers

One works well and is FREE: it blocks 10 calls a day for us.

Example: http://whocallsme.com/Phone-Number.aspx/6083716666

3-D printing Drugs now?

The Food and Drug Administration has approved the first prescription drug made through 3-D printing: a dissolvable tablet that treats seizures. They still charge a lot.

Stoners are OK

With years of research and observation, scientists have finally figured out that the chronic and prolonged use of marijuana by the young people is NOT not related to any sort of health conditions. Toke?

Religious sacrifice in FL?

Investigators in the Florida Panhandle are looking into the deaths of a woman and her two adult sons as a ritualistic killing that could be connected to the recent blue moon.

SCAMS        

IRS has documented more than 4,000 tax scam victims who have collectively reported over $20 million in financial losses. IRS says “think twice before answering suspicious phone calls, emails or letters.” Scammers pose as IRS agents with fake caller IDs, badge numbers, titles, letterhead, mailing address, etc to get paid. They threaten police arrest, deportation, license revocation, etc. Confirm you owe at Treasury Inspector General for Tax Administration (TIGTA) at 1-800-366-4484. 

America needs to take care of American’s needs FIRST

Can we afford to keep paying $700 Billion a year for WWII deployments? That is 27 cents of each dollar in taxes—the largest part of our money—and we aren’t even at war. We could pay off our debts and fix our schools, roads and bridges! We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany.

We are spending $8 million per HOUR on our wars in Iraq/Afgan

The War on Terror requires special forces attacks on top terrorists at their homes like Obama’s al-Amr May14 Abu kill. Iraq proved converting a nation to Western-style republic doesn’t work. The troops we trained ran away, left our stuff. Training and more stuff for what? Former Saddam army now ISIS. We are wasting $4 billion a year on Afgan tribal rivalries; paying ransom to Al Qaeda; supporting corruption with our money.

We are building another military base for Japan at Henoko. Air Force Gen. Ronald Fogelman admitted that the Marines “serve no military function there. They don’t need to be in Okinawa to meet any time line in any war plan.”

Are we preparing for WWII again? There are 1,208,083^[1] armed personnel in the United States. Our taxes pay for about HALF of the WORLD’s military expenditures every year. We have wasted $398.6 billion so far on the F-35 program—they can’t fly safely.

We just can’t afford to pay for everyone else’s defenses anymore.

Japan, Germany and S. Korea can pay to defend themselves.

We are now training Ukrainians in Ukraine—Mission creep

Afghanistan started the same way—just training, and then guarding trainers, then supply trainers, then supply U.S.-built Stinger antiaircraft missile to the mujahideen, and eventually $200 million for fiscal year 1992 alone. $4 million/hour- $778 billions so far.

Fiat profit up 69% but at Jeep and Ram customer expense—sells Ferrari

23 recalls covering more than 11 million vehicles caused record fines of $105 million (not counted in profits). Ferrari follows Porsche for SUV success!?! Image?

Regulators find NDG Enterprise Collected Money Illegally and wants payday loans back.

Wells to hold your money

Advisors at Wells Fargo will stop transactions where they suspect elder fraud even if they don’t have the legal authority, company managing counsel Beverly Jo Slaughter said Thursday. “We try to be creative,” she said.

Wells Fargo fined $500,000 for not telling the whole story

Wells to give back $242,000 to 66 customers who lost money in “structured repackaged asset-backed trust securities” (STRATS), which paid a variable interest rate from 3 to 8 percent. Sales did not disclose the fact that investors could lose money because of termination fees.

IAN

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