Your Unbiased Advisor: no audits

Showing posts with label no audits. Show all posts

Friday, May 7, 2021

Can your advisor really give you the best deal?

Perfect gift for your graduate

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 a THOUSAND 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 graduate 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 for years. They will pay NO taxes on their wealth. They can avoid future tax increases. They can boost their savings by 30% just with the 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

When you win the lottery, follow Warren Buffett’s advice

Let’s say you win over $1 million. What do you do—pay half to the government and spend the rest? Historically, most winners end up with no money within 10 years. Instead, you could live on wealth income for the rest of your life. If you think you won, first, don’t sign the ticket. Contact a lawyer who can help with setting up an entity to claim the winnings and perhaps reduce the taxes. In some states, you can avoid publicity and ‘ugly relatives’ this way. Next you want a fee-only financial planner to help work out the use of the money after taxes. (Our CFP cost only $300 in 2018) If you choose the long-term payout, they could help you obtain a loan to fund your immediate spending needs (cars, mansion, travel, expense accounts, etc). A bank would love to help you since your entity can guarantee loan repayment. At this level of wealth, you don’t need to speculate on stock gambles. Follow Warren Buffett’s advice and use low-cost Vanguard funds to power your next 50+ years. He’s got $100 billion so he knows where to invest it.

https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Do you need a financial miracle?

How long does it take to save $500,000 for retirement? Your best CD rate today is 1% for 5 years. It would take 100 years saving $3,000 a year (250 a month) to hit your goal. For most of us it will take a miracle to reach our goal of $500,000. The miracle we need is called compound interest. It works like this: if we took a calculated risk and invested in the changing top American corporations and reinvested their dividends into the business earning on average 11% a year, we would reach our goal in about 27 years. Long-term investors in low-cost stock index funds earn 11% a year on average—not every year but over their working lives. Check out how much you could have earned in stocks every year in the last century: http://www.moneychimp.com/features/market_cagr.htm.

So the choice is yours. The probabilities of the miracle of compounding working for you to reach $500,000 are over 90%. You are certain to never reach your goal in your lifetime using ‘safe’ bank CDs. In fact, you will lose money because inflation of 2% a year is greater than earning 1% a year. You need your money to earn money on its earnings too.

You need a miracle: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513/

Do you need financial future insurance?

Do you have a financial future? Set and reach your money goals. Set-up a tax-FREE investment account. Buy and hold 10 mutual funds all your life. The greatest impediment to financial freedom is debt. Most of us live paycheck to paycheck. Freedom from our chains of lifelong payments requires immediate action: cutting credit cards and amputation of some of our costly toys and habits. Going cold turkey is the only way to save our life in rehab. When we have financial freedom, we can buy new toys using the profits from our investments. Right now, you are making other people wealthy from your monthly payments. When you pay $161 per month for 10+ years on your credit card balance of $10,050, you will spend at least $19,360. You pay almost double for that same $10,050! I will show you how to be on the other side of the deal—collecting $20,000 for your investment of $10,000. Over time, you can be your own bank and own your toys outright. Your investments can provide you with a home down payment or business start-up. You can be assured of a financial future. You could be a millionaire from $9 a day. See page 39. Listen to how this parking lot attendant did it: https://www.youtube.com/watch?v=qlUIOxQr3bo. Unfortunately our schools don't teach us how to avoid becoming debtors for the rest of our lives. They could teach us how to accumulate $1 million by compounding $9 a day. If we learned how to double our account early, we would save ourselves the grief of financial enslavement for the rest of our lives. We could learn the simple financial essentials—accumulate assets as soon as possible. We don't need complicated insurance, mutual funds, or financial products to have the good life. We can buy our freedom with only $9 a day. We don't waste $3,000 a year on high-cost financial products and taxes. We avoid the two KILLERS of wealth accumulation—taxes and fees.

Get free: https://www.amazon.com/Financial-Future-Insurance-mutual-funds/dp/149355204X

Apply for Medicare B healthcare at Social Security

You need to apply online since most Social Security offices are closed. (I never found out why you apply for Medicare B coverage at SS offices.) If you currently have employer insurance, you may be able to buy Part B (doctors) coverage when you retire without paying the extra cost. You need proof from your employer that you qualify for special enrollment by using form L564. When you have your app form 40B and signed L564, fax them to your local SS office and call immediately so they can find the forms on their computer. Otherwise the DeJoy mail delay program may delay your coverage start date. Your app gets assigned to operators and eventually you can verify you have coverage via your online Medicare account. At this point you can prove to a private carrier that you have Part B if you are buying Part C & D an Advantage plan or Medicare Supplement to cover the gaps in ‘original’ Medicare coverage. America is the only country to make health care as complicated as possible so citizens are discouraged from getting coverage.

Start here: https://www.ssa.gov/benefits/medicare/

Can your advisor really give you the best deal?

Can advisors who get paid for sales volume really act as your fiduciary—acting only in your best interest? This historic debate continues as it becomes easier to manage your own money. For instance, a simple market index increased 56% in the last year versus advisors who took home huge paychecks. Did they work twice as hard? Since the 90s, investors have found the better way with low-cost mutual fund provider Vanguard. John Bogle, founder, created the first large company index open to the public. The 500 Index represents 3/4ths of the stock market at only 0.04% annual expense instead of 1-2% for advisor’s securities. This is important since your retirement income is largely determined by your gains minus your costs: $3 million vs $1.5 million for 40 year $3,000/year investments. Vanguard members who own all the Vanguard funds can pay a fee for service when they actually need financial advice. Example: you retire with a 401k of $500K. Cost to move to Vanguard is 0.04% or $200 a year. Cost for your advisor: $5,000 to $7,500. Vanguard funds are the investments recommended by Warren Buffett.

Go with unbiased advice: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

How do you know you will have enough in retirement?

Congress is thinking of changing the rules for annuities. The industry has not been able to sell as many recently so financial lobbyists have been paid a bundle to bundle up changes that few in Congress understand. Annuity sellers want you to think you get a better deal by locking up your money with them instead of using the growth and income strategy. If living longer and going into retirement with less money were problems that annuities could solve, the changes would be great. However, remember that sales people make big bucks on annuity sales and you pay for all those promises. Annuities are guaranteed by an insurance company but they may not be able to overcome long-term inflation because the payouts are based on current bond interest and interest rate hedging. You may be able to receive more income from an annuity than current bank CDs but your future monthly income may not cover your expenses. It is better for you to follow Warren Buffett’s advice in retirement.

Buy growth and income: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Your retirement income puzzle

You are required to start taking your pension and IRA money out starting at age 72 (70 ½ if you reach 70 ½ before January 1, 2020). And you must take out a certain amount each year whether you need your RMD or not. You can only estimate how much you must take since it changes every year. Also you must decide when to start taking your SS benefits. You get more by waiting but every person must make the decision for themselves based on their current needs not on some guess of future income sources. So how can you solve this puzzle? You could hire a professional financial planner for a one-time fee or keep paying your advisor 1-2% a year as your nest egg grows. Either way you will only receive an estimate from these folks. There is no guarantee for the future. The key according to those who have been through this process for years is to keep as flexible with your assets as possible. Don’t lock your money up long-term. Don’t put all your money in bank CDs or bonds or an annuity. No one solution is guaranteed.

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

Last chance to reduce taxes due May 17

If you owe, you have one last chance to get a refund or reduce what you owe. Thanks to the deductibility of a traditional IRA contribution, you may cut yourself a break. Instead of owing the government, you could have a refund. The amount depends on your situation. By opening or adding to your IRA contributions for 2020 not 2021, you give yourself a retroactive refund. Yes, the IRS will receive a contribution confirmation from your bank or mutual fund firm but at least you have one less bill this month. Even though every tax preparation company can get you an extension to file the paperwork, the tax itself must be paid by May 17. There are rules.

https://www.amazon.com/Your-Wealth-Reserve-Save-year/dp/107028288X

Where is that refund?

The Internal Revenue Service today reminds taxpayers that the most convenient way to check on a tax refund is by using the “Where’s My Refund?” tool at IRS.gov or through the IRS2Go Mobile App.

Where is the stimulus 1 or 2? If you did not receive stimulus 1 or 2, start filing here: https://www.irs.gov/newsroom/recovery-rebate-credit.

Stimulus 3? https://www.irs.gov/coronavirus/third-economic-impact-payment

Estimated tax payments are still due April 15. If you are self-employed or do not have enough withheld from a paycheck, pension or Social Security, you may have to send quarterly payments to the IRS. Tax returns for 2020 are due May 17 not April 15 but the estimated tax payments are still required on schedule.

IRS will redo your taxes and send refund if you paid tax on Unemployment 2020 or you paid ObamaCare’s excess advance premium tax credit repayment.

Have tax forms; will file … for FREE but WAIT . . .

If you have unemployment income, ObamaCare coverage you should wait to file since the IRS has not yet implemented tax-FREE provisions of the new Covid law. If you already filed and paid tax on your unemployment income, IRS says it will send you a refund of the tax automatically. DO NOT FILE an amended return to obtain a refund on this tax. Taxes due MAY 17 not April 15. Input the W-2, unemployment, SS benefits, IRAs, pensions, RMD, brokerage, etc. forms you have. You can file for FREE online. If you didn’t receive a correct form, file a Form 4852. Usually filing your state return costs as little as $15 unless you buy the Pro helpline. Avoid $300-400 paid preparer fees—new IRS forms mean higher fees. Unemployment insurance is TAXABLE on the Federal income tax return; not on some state returns. Some states do not tax your SS and pension benefits.

Retirees did not have to take their RMDs in 2020 so taxes may be less: it was a good time to convert IRA to Roth IRA for tax-FREE future. Unless you were self-employed, you can’t deduct home office expenses of working from home. You can deduct as medical expense all Covid prevention supplies. Some states continue the health insurance mandate and penalty unless you have an exemption. Since the IRA contribution deduction has no age limit now, you may reduce your income/taxes by making a contribution of up to $7,000. The standard deduction went up to $12,400 single; $24,800 joint. Jan 15 last day to make 2020 estimated payments. You have to report your April/May and December/January stimulus payments even though they are not taxable. Some of us receive a bank credit; some a debit card; some a check. Even if you don’t have to file, you should file so scammers can’t use your SS number to mess up your IRS file. Tested E file software ratings. Efile Jan 15; IRS processing Feb 12.

E file avoids covid at your preparers’ office: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

What to do if you can’t pay by May 17?

Avoid the penalty for not paying estimated tax. Ask for an automatic extension to file till October. If that does not work for you, you can apply for a payment plan. An individual can setup an IRS installment plan if you owe $50,000 or less and can pay back the amount owed in 3 years. If you are a business owner, you can setup an installment plan if you owe $25,000 or less. The IRS will charge a one-time fee of $105.

If you own less than $25,000 and can pay the amount owed within six years, ask the IRS for a streamlined payment agreement. The IRS will charge a one-time fee of $102.

Request an Offer in Compromise if you cannot pay the total amount owed. This allows you to settle your tax debt for less than the total amount owed if you will be unable to pay back the total amount owed within 10 years. The IRS will charge a one-time fee of $150. Given the pandemic economic hardship, apply for the extension to file now: https://www.irs.gov/pub/irs-pdf/f4868.pdf

Special circumstances help: call the IRS Taxpayer Advocate Service 1-877-777-4778 for free assistance.

More ways: https://www.irs.gov/newsroom/heres-how-people-can-pay-their-federal-taxes

IRS has $1.3 billion refunds for 2017 tax returns

Unclaimed income tax refunds worth more than $1.3 billion await an estimated 1.3 million taxpayers who did not file a 2017 return, according to the IRS. “Time is quickly running out for these taxpayers. There’s only a three-year window to claim these refunds, and the window closes on May 17.” If they do not file a tax return within three years, the money becomes the property of the U.S. Treasury. Filing instructions are available on the IRS.gov Forms and Publications page or 800-829-3676.

You have 17 days to collect your cash!

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

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

Cheney: Mr T is “poisoning our democratic system”

The BIG con: 2020 election was ‘stolen’

Facebook ban: Mr T used his account to "incite violent insurrection."

Judge: Trumpist Barr deceived us re: Trump prosecution

Terrorist blames FoxNews for attempted coup

When ‘Truth and Reconciliation Commission’?

How Govt wastes our money:

Landlords and tenants go broke from Pandemic as rich get richer by 55%

We pay Most corporations/wealthy don’t pay tax rate: we give many refunds or subsidies

U.S. companies are beating profit estimates at record rate: wages and taxes are cut

We spent more on Afghanistan roads than US roads/bridges

Gun injuries put over a half-million people in hospitals: costs us over $2.8 billion

GOP: we can’t afford basic food, health care or housing but gave $1.8 Trillion to rich

$700 billion: IRS audit rates for millionaires fallen 70% since 2011: 21,000 fewer staff

We’re screwed: “Uncollected taxes equal the total taxes paid by the lower 90% of taxpayers.”

SCAMS/SPINS:

The Cheney GOP party vs the Trump GOP party: a Dem win?

GOP leaders denounce vax and protections from virus: get vax hidden from press Liars

Pence praising the man who ordered overthrow of gov and perhaps his death

GOP making policy to drink the Trumpism Kool-Aid: Americans stole their own election

GOP extremists going after Biden’s dogs: target Biden family at all costs

Trumpists making fake vax cards so they can trick family/friends to catch Covid

GOP killing FL TX mail-in voting--a GOP standby for years: Trump mails in

Trumpists voted illegally; not Dems: White gets probation; Black gets 5 years prison

Media outlets are predicting stock market bubble: does history repeat itself?

Fake media messages to manipulate us

NRA leaders hid personal expenses (yachts etc) as business expenses judge says

Gun injuries put over a half-million people in hospitals: costs us over $2.8 billion

Peloton will take back machines that kill kids: CEO’s stock (net worth) fell: Wow!

Fake mother ransom call uses mom’s real phone number: thieves steal numbers too

Not fake cubic zirconia: Pandora drops mined diamonds sells only lab-generated ones

Daniel Rivera NJ caught Ponzi fraud elderly: guaranteed REIT returns: 6 years prison

DaRayl Davis IL caught Ponzi $5.1 million church members guarantee: 13 years prison

Jared Ivanka caught overcharging misleading their tenants: mold and rodents: Jared sells

Fake text from bank is best money making scam: call or text bank instead

Fake designer eyeglasses and repair online: using bad reviews to get Google page 1

Fake magazine subs use credit card to steal $50 a month, then $1,350

Travel ID “real” license delayed due to DMV closings: due 2023

NJ bans single use paper/plastic grocery bags by ’22: BYO bags or stock up on plastics

World’s vax withheld from India: drug co decline to waive patent profits for needy

Sixth-grade Rigby ID girl brings gun to school; shoots 3

TX makes all streets a shooting gallery: no license required for all to pack

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

Farmer moves French border to accommodate tractor: lawyers busy for years

Skilled manufacturing jobs go unfilled: training critical: welder $54,200 base

You can refuse vax at job but also lose job: co-workers don’t want to catch virus

Need computer internet to find job: subsidy & $100 coupon

Solar jobs become more union wage scale

Who owns your account now?

Appliance reliability: https://www.moneytalksnews.com/most-reliable-appliance-brand

AOL and Yahoo to private equity firm Apollo Global: higher fees

Miracles:

CDC extended until June 30 a temporary moratorium on evictions: Trumpist reverses it

A Good Samaritan immediately jumped over the guardrail into the bay rescued toddler

Malian woman added 9 kids to her family in one hospital visit: save with bulk buying

Cooler saves 4 in hate crime: Chicago man runs over picnickers with truck; they survive

Yankees, Mets To Segregate Unvaccinated Fans At Home Games

Vigilance: only HALF of fellow citizens have vax so remain safe: 500 still die daily

Ending the scourge of Christian nationalism’s family separation: can world forgive us?

Jonah: 240-pound lake sturgeon caught/released Detroit River: 100 yr old 6ft 10in female

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

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

Friday, October 2, 2020

Advisors fail to educate us about retirement needs

The main reason people continue to pay advisors is for advice. However, we don’t seem to be educating us. Study after study show the lack of financial literacy even after years of paying fees and commissions for help. Advisors don’t seem to know how to help us understand how much income we will have in retirement. Eight in ten respondents failed a retirement income literacy quiz according to an industry education group. More than half the folks underestimate the average life expectancy of a 65-year old (and thereby underestimating the amount of time they will need to stretch their assets). Investors do not recognize how to properly evaluate asset risks in the first place. But that is what we pay advisors to do, right? Most advisors do not even know how to weigh the risks themselves. Most learn to sell products. Advisors blame us: “clients preparing for retirement often underestimate the need to make sure retirement income comes from different sources. Too many assume that they can rely on dividend-paying stocks to fund their retirement,” one argued. Most focus too much on portfolio management as opposed to factors that will likely have a greater impact on their financial wellbeing, like health care expenses and long-term care needs. Only three in ten respondents have a plan in place. Learn what your advisor doesn’t tell you before it’s too late to fix it.

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

Investors who did NOT panic ended 2019 with $360,000

Fidelity Investments’ 401(k) customers who stayed in the market during the 2008 crash saw their account balances rise, on average, from $79,000 in 2008 to $360,000 by the end of 2019. Although people who got out of stock funds in 2008 reentered the market and continued to save, their average balance performed worse, rising only to $276,000 by 2019. That’s a panic loss of $84,000 or 30%. A Vanguard study showed the same result: Vanguard just analyzed the panic factor from Feb to May and found the “panickers” earned less than those that did nothing. “Doing nothing” has been the hallmark of Warren Buffett’s attitude: “We continue to make more money when snoring than when active."

Do Nothing; keep contributing: https://www.amazon.com/Snoring-Best-Way-Create-Wealth/dp/1466408928

Is using an advisor right for you?

Every day investors hear the so-called professional ‘advisors’ predicting opposites: The "no matter what happens—stocks" advice and the “more downside risk for the U.S. equity markets than upside potential” advice. Many studies say advisor-managed investments just don’t help us long term. In fact, if we pay 2% in fees, commissions, bad market timing trades and being out of the market, we can give away “63 percent of what we would have had.” This is not to say that we don’t need specific financial advice once in awhile. We could just pay a fixed fee like we pay lawyers and doctors. They don’t ask for 2% of our assets every year for life. So I paid $750 for a professionally prepared financial plan so I know, within certain boundaries, how much my family will have to live on for the next 30-40 years. The alternative was $15,000 + a year for at least 30 years or over $450,000 total. And that is not tax deductible anymore. That savings will cover any long-term care needs and final state and federal taxes and expenses. Many index investors obtain advice from fee-only financial planners since they have been burned by bad advice. Brokers and advisors are trained and paid to sell. As their manager in a former life, I decided what they told clients to maximize the firm’s revenue not theirs. Stop paying for guess work: https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

Trump like many corporations pays little tax

Even after getting paid for income garnered from President-branded activities, Trump paid only $750 in taxes. That means he claimed income of just $7,500 in 2016 and 2017. We know his FL club took in $ millions from new memberships. Since he now controls the IRS as part of Treasury, his IRS audits are over. Audits of using suspicious losses to pay $0 taxes for decades have a limit of 3 years unless his DOJ lawyer can prove tax fraud. Not likely. In fact we paid Trump $72,900,000 in tax refunds he claims from years of losses on business failures and bankruptcies. For instance, he claimed losses of near $1 billion ($915,729,293) on his 1995 personal income tax returns. His casino companies made four trips to bankruptcy court, letting bondholders take the losses, while he took millions. He continues to claim business losses to reduce his taxes: “losses are more accounting magic” he says. In 2018, for example, Trump announced in his official disclosure that he had made at least $434.9 million. But his accountants say he lost $47.4 million. His New Jersey golf club increased admin expenses fivefold from 2016 to 2017. Most of Mr. Trump’s core enterprises — from his golf courses to his WH hotel — report losing tens of millions of dollars year after year. Like many corporations, Trump increases business expenses or losses to avoid paying taxes. We pay for their losses and refunds. Socialism for the rich: You and I pay for their failures!

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

IRS audits the poor not the rich

IRS admits it can’t audit Trump and friends: wealthy avoid paying their fair share. Wealthy pay lawyers to outwit the IRS: Congress keeps cutting IRS budget. The top 10% of earners have accounted for most of the revenue gap, experts say, by underreporting their liabilities, intentionally or not, as tax avoidance or outright evasion. Those with annual incomes under $25,000 are audited at a higher rate (0.69%) than those with incomes up to $500,000 (0.53%), according to the IRS data. Trump will never reveal his taxes since his audit will never be done. The IRS will fail to collect nearly $7.5 trillion in taxes owed between 2020 and 2029, according to one study. Poor MS Blacks are the most audited target. White Alaska Denali is least audited county. Working Americans have one last IRS-approved tax shelter. Why pay the taxes due from the wealthy?

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

How to avoid taxes like the President of the United States

He pays no taxes. "That makes me smart." We pay his tax refund; that makes us dumb? Actually, his accountant is the savvy one. Trump knows “virtually zero,” he said.

You too can use tax credits and depreciation just like he does. But only if you use his special accounting firm and accounting “magic” and many legal tricks to delay IRS audits and lawsuits. Trump audit has been ongoing since at least 2015: no end in sight.

“He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments.” The burden of his failures fell on investors and others—local contractors—who had bet on his business ‘acumen.’ “He put a number of local contractors and suppliers out of business when he didn’t pay them.” Like his “university,” that cost folks seeking a valid education, his businesses are run like a confidence game. For instance, his New Jersey golf club increased admin expenses fivefold from 2016 to 2017. He convinced Congress to allow his wealthy friends and business people to avoid paying taxes on real estate projects if they claim they made “investments” in special zones like New Jersey waterfront properties. If you don’t have enough money or inclination for tax avoidance from real estate, you can use two simple techniques yourself. Anyone can deduct expenses against regular income by showing a loss from any small business. Among Trump’s deductions: $70,000 to style his thined hair. And anyone can use the IRS-approved tax-FREE investment account. Stop paying for their share.

Your move: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Are long-term care premiums right for you?

Less than one in 10 individuals thinks it is 'very likely' they will need long-term health care in retirement, according to a recent study. According to some insurance advisors, 70% will need some care. Unfortunately, the sellers are overstating the facts to make the sale. 1.4 million Americans live in nursing homes—about 2.8% of 49.2 million adults over age 65. Many people stay in nursing homes immediately after a hospitalization. During these short-term stays, Medicare often covers the costs. Unless you have a large estate you wish to pass on, most people self-insure their needs when they need help. Usually family provides assistance of all types. If living independently becomes impossible and you have used all your funds, Medicaid will pay for nursing home stays. For the wealthy, the average annual cost of a nursing home room is around $85,776 per year for a semi-private room or $97,452 for a private room. And according to the American Association for Long Term Care Insurance, only about 12% of people stay in nursing homes for more than five years. Costs vary a lot so shop multiple salespeople. Those who buy a couple policy before age 60 may end up paying $5,000 for 25 years or $125,000 and never use the benefits. Further, a typical stay is generally shorter if you're married than if you're not, likely reflecting the fact that one member of a couple often functions as a caregiver for the other as they age, delaying the need to move to the nursing home. Most people want to stay at home and will pay to make that work for them. Do your research first: Premiums go up and coverages are limited over time.

https://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X

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

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

Philly DA: we have an “authoritarian dictator."

Dictator: “done a very good job” only 209,000 dead

Dictator: I pay no taxes. "That makes me smart."

Dictator: ‘Genius’ of the ‘Big Con’

Dictator: I won debates but

I got Hope’s Hoax

Dictator: Make America White Again

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy!

Trump troops use chemical weapons: Politicians not Army decide who gets gassed