Save $3,000 a year

 

Is it possible to save $3,000 a year?

You can save $250 a month by spending a few minutes reviewing the financial products and services you currently own. The top money waster is broker-sold securities  & funds. Your advisor may be charging 1-2% for fees, loads, 12b-1, transactions, custody, etc. Total costs are never shown so you must inquire and add them up. Over time, you could be paying HALF your possible accumulations to the middle persons. Other ongoing accounts try to bundle non-essential charges so you don’t notice. When you discover you are paying for life and disability insurance as part of your auto policy you can see how the savings can mount up. You have been paying for this duplicate coverage for 10, 20 maybe 30 years. Consider that in 30 years, you have paid out $99,000 for services and products you did not even know about, you may be shocked. Turn that $3,000 a year into extra retirement income for later by using a tax-FREE account from the IRS.

Avoid future taxes: https://www.amazon.com/Your-Tax-FREE-Account-IRS-approved-shelter/dp/153735292X

 

 

Drivers rate car satisfaction/reliability

Many factors go into the choice of our vehicles. Car selection depends on what you are looking for and how much you can spend. Most of us purchase another of the same brand but when things change, we can get more of what we want by comparison shopping. Thus Tesla heads the list of high satisfaction. Some brands have fallen from higher ratings: a few brands—such as Cadillac and Mercedes-Benz—are toward the bottom for both. Drivers have different expectations now: Ram trucks have scored high in comfort and electronics. The most expensive brands have less appeal: Volvo, Jaguar, Land Rover.

Make sure coverage is reliable too: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

 

 

What is your portfolio’s Total Return?

For long-term investors, the important number is the Total Return. For equities, this number includes interest, gains and dividends which you do not need now and can reinvest. This is the number that creates the Miracle of Compounding cited by famous investors like Warren Buffett. Compounding is just your money making money on itself because you let it alone. Consider this chart of Total Return during the past 10 years: https://www.chartoftheday.com/total-return-by-asset-class. Over the past 30 years, DALBAR’s Quantitative Analysis of Investor Behavior (QAIB) shows 11% return for the S&P 500. If your advisor is managing your portfolio, the news is not great: 3.79% for the average managed equity funds. You would do better in a low-cost bond index fund with 7.36% returns. Again you need to think long-term for the money you will need in 15 or more years. For other periods of time, a low-cost 500 index fund may still put you way ahead. However, a stock index fund can go down temporarily. The smart investor uses asset matching to avoid quick decisions about what their money can do for them. A balanced fund can provide steady 7-9% total return for shorter-term needs. You avoid buying high; selling low—loses from guessing the market and excessive fees.

Take 11% not 3.79%: https://www.amazon.com/Win-Investment-War-Earn-11/dp/1522916369

 

Is refinancing your student loans right for you?
Rates for personal loans are low right now so you might consider this alternative a smart move. However, the Biden proposals to change the terms of student loans may make that a bad decision. With the job market a challenge for any graduate and the pandemic lay offs continuing, it may be wise to ask for a forbearance until the decisions are made. One of the proposals would allow some students to file bankruptcy to eliminate their student loans. Currently, this is not allowed for most petitioners. Credit cards and other non-secured debt can be discharged by court order depending on your ability to pay. Student loans were more difficult to eliminate. Most are backed by a federal guarantee and Congress did not want to encourage fraud. Some loans have already been sold to collectors so new legislation may not solve these problem loans.

Find out where your loan stands: https://studentaid.gov/

 

 

Is a real estate index fund right for you?

This market has been depressed recently due to the pandemic. Businesses and renters have had a hard time paying the rent. The current investment returns are negative. However, with time, this situation will change and returns may revive to previous levels. Real estate offers portfolio diversification. REITs have often performed differently than stocks and bonds, so this fund may offer some diversification to a portfolio already made up of stocks and bonds. Buy this fund in a tax-deferred account. The fund may distribute dividend income higher than other funds, but it is not without risk. One of the fund’s primary risks is its narrow scope, since it invests solely within the real estate industry and may be more volatile than more broadly diversified stock funds. On the other hand, an index with low annual expense ratio could provide long term growth when stocks are depressed. A REIT strategy can help you win as a counter balance to a flat market.

Win in unfair markets: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

 

Two big tax breaks that may be right for you

The CARES Act allowed people affected by the pandemic to withdraw up to $100,000 from their retirement accounts, including IRAs, 401(k)s, 403(b)s and others, in 2020. It also suspended the normal 10% penalty for early distributions. You pay tax on distributions as earnings over 3 years, starting this year. See rules: https://www.irs.gov/. 

If you put the money back within three years of taking it, you will not owe tax on this distribution. Second: for retirees, the CARES Act also suspended required minimum distributions RMDs for 2020. You may have a larger refund since your income is reduced. And don’t forget to report your virtual currency transactions. Stimulus money is tax free and you can claim it as a refund if you didn’t get all you were owed.

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

 

Prepare to live to age 100

More and more folks are living longer. Health and family genes seem to determine your best guess. It is overwhelmingly women who live to age 100. 82.5% of centenarians were white, versus 72.4% of the total population. The majority of the oldest citizens live with others. "As age increases, the percentage living in urban areas also increases." "There are more resources, and there is better transportation." The Northeast and Midwest have proportions of centenarians that are higher than the national average. North Dakota is the only state with more than 3 centenarians for every 10,000 people in the state. The proportion of centenarians in the United States is smaller than that of many other developed countries. Japan has 3.43 centenarians per 10,000 people. If you have the genes and family history, you may need to work a little longer.

Make a plan: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

 

 

Have tax forms; will file … for FREE

W-2, unemployment, SS benefits, IRAs, pensions, RMD, brokerage, etc. If you have all your forms, file for FREE online. 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. 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

 

Which filing mistakes have you made?

Check your work before filing on the 12^th, IRS first day for tax refunds. Names and SS numbers must match cards. Pick the best filing status for greatest refund. Complex math calculations can’t be done by hand since many items are interconnected. Tax credits like missed stimulus checks are paid in your refund. Your refund comes faster with direct deposit but only if you use correct routing/account numbers: First 9-digits/next group. Omit the check number. Married filers must both sign unless one spouse has a power of attorney form. ITIN must be renewed to claim credits. If your SS number has been hacked, use the IP PIN that the IRS sends you to confirm you are who you are. Your refund will be delayed if you don’t use that PIN on your return. Watch your refund credit process: https://www.irs.gov/refunds

Beware: scammers imitate IRS site to steal your data. Go through https://www.irs.gov/.

 

 

 

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

 

 

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

 

 

Our ‘Truth and Reconciliation Commission’? 

 

Most Americans know dictator is responsible for insurrection

 

Dictator can incite overthrow of government

 

What if it had been Obama and BLM Jan 6?

 

So much for justice in America!

 

How Govt wastes our money:

Many profitable corporations pay little tax: GOP tax breaks have sent our taxes overseas

We pay $519 million to restore order after dictator’s failed attempted coup: perps not pay

$1,339,079 for hospital covid treatment. How long can private health care last?

 

SCAMS/SPINS:

Domestic terrorist buys Mexico vacation instead of paying for Capitol damage she caused

Why the excuse “I answered the call of my president." does not work: Nuremberg Trials

Brainwashing: I ONLY BELIEVE SOME OF QANON: DEMS BEING SATANIC PEDOPHILE CANNIBALS

 

Video of insurrection in case QAnon starts claiming deep state Dems made up the violence later

Trumpist party does not accept 50 valid state elections: Trump ‘re-elected’ on twitter count?

 

Brainwashing still goes on: misleading tricks on social media, lies, false quotes, all here

Southern Baptists fear women with power: “Jezebel: amoral, wantonly sexual woman”

Do domestic terrorists ever change their ideology? Most think a god is on their side.

Christian nationalist share beliefs with white nationalists: racist, bigots, misogynists

 

Does Trump acquittal mean the end of GOP or just a martyr to the sedition cult?

Trump bro Graham: 'a place in history' “incitement of insurrection” Pre-trial brief: 5 died

What ‘high crimes and misdemeanors’ needed for GOP to convict a GOP president?

 

Our domestic terrorists called ‘militia’ but militia is “supplement to regular army” 

Our domestic terrorists wanted to stop Biden vote and shoot Pelosi and hang Pence.

Our terrorists wanted to overthrow government at the prompting of a dictator: a coup

 

GOP exclude Dem voters with 160 state laws to restrict voting: plan rigged 2022 vote

 

Palm Beach not want Trump living there: hotel OK; home No: ‘gives beach bad name’

Rudy Giuliani friends defrauding $2 million; fake product never sold; money laundering

 

 

Bruce Cameron caught putting seniors at risk $30 million in energy; no RBC guidance

Robert Stewart stole $34.5 million our money promising masks: super confidence man

Stephen Moleski David Michael stole $ from clients promised investment never made

Isaiah Goodman MN caught stealing $2.25 million in Ponzi-like fraud: fake screenshots

 

Scam: Googling brand-name site that is fake link eg: fake homedepot is malware link,

Scam: internet sale of goods, romance, fake checks top list; increased 2020

Hackers can make water supply poisonous at keystroke: nobody watching computer

 

BEWARE: Trading stocks can be dangerous: low cost means no human help

 

 

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

 

Is it a scam?  Check AARP scamline 877.908.3360.

 

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

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

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

 

Jobs

Employer’s tax credit for self-employed Covid sick and family leave: file Form 7202

2 police cracked skull pushing 75 y o protestor to ground; left bleeding and jury said OK

 

Who owns your account now?

If you missed a commercial during the SuperBowl, watch here www.ispot.tv/events/

Voya Financial Advisors to Cetera Financial

 

Miracles:

Your pharmacy may have vaccine for you: cdc.gov/vaccines/covid-19/retail-pharmacy-

You can do your taxes yourself with new software: answer questions, copy numbers

Watching creation of a new political party to replace old GOP

 

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/

 

 

Cut taxes and build retirement income by April 15

Not too late to cut taxes and build retirement income

You may owe the IRS this year or receive a smaller refund. You can change that by increasing your deductions by $12,000 for a joint return; $6,000 for single. Open and fund a traditional IRA at your bank, mutual fund or broker by April 15, and you can reduce your income, thus lowering your tax obligations. A traditional IRA will also grow tax deferred so you pay taxes on the income and its accumulations when you retire. Hopefully you tax bracket will be lower then. If building retirement income sounds like a great idea, how about using your refund to create a nest egg of as much as $1 million. The average refund is about $2,900. Investing in a low-cost broad market index like the Vanguard S&P 500 for about 34 years will provide about $1,000,000. This is the perfect way to have the money when you need it even if your employer does not offer a 401k account. You can set up automatic investing from your checking so you never miss a market rise. You just keep investing year after year—no trading, no broker fees, nothing! Your future $1 million is in your refund: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

Our new taxes are going to GM refund: $104 million refund in 2018, ’19 ’20 …

We are not fooled by Trump’s claim that his tax law changes were for the middle class. Our taxes go to many large profitable firms like GM, Ford and others. They haven’t paid taxes in years just like Trump. Even after bailing out their bad management decisions in 2007-8, they don’t pay taxes on sizable profits now. They still cut jobs and send them to other countries. For instance, GM and Ford have decided they will not make cars HERE anymore. Also, GM's former CFO, Chuck Stevens, said last year that because of the tax credits GM had, the company would not be paying any U.S. income tax "for the next several years.” This can go on forever because a “business cannot know how many loss carryforwards it will need each year to offset the taxes.” This is like us spending more than we make and using our debt, credit card and student loan debt, as an offset to future taxes. We would never pay taxes if our reps had written the tax code for us instead of for large corporations. When they make poor decisions, they get a tax credit for future years.

Avoid Trump’s Socialism for the Rich: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Why John Bogle’s invention is so important to us

Bogle just died. He created the Vanguard Group of mutual funds as a kind of Co-op: we, the investors, own the Vanguard Funds. His investment invention, the Vanguard 500 Index, was offered in 1976. It allowed us to own the stocks of most of the large companies in this economy at low cost. He noticed that the money management industry provided profits to the fund owners whether or not investors made money. As the industry got bigger, the costs went up instead of down as in most industries. He compared the returns of the managers of the funds to the returns of an index of all large stocks. The index gave more consistent returns—not too high and not too low. Investors were able to estimate returns within a close range—10-12% per year over time. Test it yourself: moneychimp.com/features/market_cagr.htm. Bogle’s index fund offered every investor the chance to do well with lower costs. When investors pay 2% of their nest egg EVERY year, they give up 63% of the total possible accumulation over time. As Bogle put it, “the tyranny of compounding costs” is overwhelming—over HALF of our money is going to our brokers, staff, owners, marketers, and others. It is COSTS that determine how we do.

“Get what you don’t pay for”: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Are you paying for 401k plan kickbacks to Fidelity?

Fidelity has been sued by a 401(k)-plan participant for accepting "secret payments" from certain retirement-plan business partners. In this so-called pay-to-play scheme, Fidelity required mutual funds and other investment products offered through its FundsNetwork platform to make "kickback" payments if the revenue-sharing payments (such as 12b-1 fees) they made to Fidelity fell below a certain level, according to the class-action lawsuit. Fidelity makes $ millions from the payments, which are not disclosed and are "deceptively characterized" to retirement-plan clients, according to the lawsuit. The payments allegedly harm retirement savers by increasing the costs of the mutual funds. Fidelity started requiring kickbacks in 2017 when 401k-plan participants chose index funds with no revenue sharing from plan record keepers. 401k fees reduce our retirement savings.

Costs can take 63% of our earnings: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

Is a trust the right beneficiary for your IRA?

If you have a sizable IRA account, you may be concerned about leaving the whole thing to one child or couple (community property states). Heirs who inherit an IRA directly — not through a trust — lose the IRA protections. Trusts shield IRA assets in the event of lawsuits, business failures, divorce and creditors, for example. Heirs have access to the assets but the access may be designed to limit complete disillusion. For parents of a spend thrift adult child, the trust may be the only way to protect them. Naming the spouse as beneficiary just delays this decision. Spouses can roll over the decedent's IRA assets into their own IRA tax-free. The spouse has the burden of how to pass on assets. Finally, a trust is costly to maintain so the size of assets must be substantial to warrant a trust. There are rules to follow closely. The RMDs would still be required for the IRA. You must select the proper type of trust: "see-through" or "look-through" trust. The RMDs are smaller since the lifetime of the trust bene is longer. However, trust fees can eat up the actual payout to an heir.

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

Trump’s new taxes allow wealthy to buy planes

The new tax regulations were supposed to cap the extra perks used by executives of any company including their own private jet. However, once again, their lawyers and accountants have found a way around the tax law. The “bonus depreciation” creates sizable business losses that are now capped. They can avoid the limit on “excess business losses” by changing the name of their revenue stream thus soaking up the sizable business loss that buying an airplane usually creates. They can thus avoid a capital gains tax bill on their income and ordinary taxes on their fees. While this avoidance trick doesn’t affect investors like pension funds or foreign individuals and businesses, it can hurt U.S. individual investors—us. The new cap on losses was supposed to raise nearly $150 billion over a decade, according to Congress’s Joint Committee on Taxation. Now we taxpayers will need to make up that $150 billion loss by paying more taxes on wages.

Avoid paying for their taxes: https://www.amazon.com/Tax-Credit-Class-your-credits-pay-ZERO/dp/1539462382

 

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

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

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

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

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

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

6,000 soldiers stringing wire you can walk over on border: $210 million deployment!

FDA allowed fentanyl to be given to 55% of patients who did not qualify to have it.

WI national guard leaves border to the Defense Dept. Dems require gun check for all

Trump: ‘Govt must be stupid to give “someone like me” a $10,000 refund.’

Will we have to pay Trump’s legal bills in Scotland? Using debt to get a refund from us

SCAMS/SPINS:

Oxycontin pill pusher Purdue never told doctors it was more powerful than morphine.

The Don decides which services women receive in health clinics: he controls women.

Limit on local tax deduction big headache for GOP. Jared deducts $3.5 M of local taxes.

Health industry profits already lobbying our Reps against Medicare for All.

Drug maker Insys paid bribes & kickbacks to doctors to push fentanyl: video to jury.

Mount Carmel Hospital, OH, Husel, caught giving fentanyl: 15th wrongful-death lawsuit 

Emanuel Avina, Ameripise, caught impersonated customers to transfer their funds.

Castleberry, Turner, FL caught stealing $3.6 million with ‘guaranteed returns’ scam.

Fidelity thinks its ‘infrastructure fee’ is only way to make up for low-cost operations

PayDay lenders falsify research to justify robbing poor between checks: 300% interest.

Two pension plans in Fairfax County, VA investing in ‘cryptocurrencies’: Risk/Reward

Robo calls up 46%: We get more than 10 a week—govt powerless to stop scams.

Mob Boss’ fixer’s confession: The Boss is a ‘racist, conman, cheat.’ MOBSTER

Mob Boss: ‘Govt must be stupid to give “someone like me” a $10,000 refund.’

Mob Boss’s new attack dog rips Cohen family then says not threat on eve of confession.

Mob Boss is not likely to lose many of his supporters since he could shoot someone:

Trumper says he plans to use social media to spread fake news about Dems follows Putin

GOP effort to delete 60,000 DEM voters in TX halted by Fed judge: Can’t win so purge!

GOP real voter fraud in NC is accepted : DEMs get purged from GOP-run voter rolls.

US seen as immigrant child abuser to the world: 4,500 children abused by our guards?

“Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

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

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

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

----------------------------------

Jobs:

Smollett was upset about $100,000 per show. Others got more and less.

Wages in top earner’s group grow; wages in middle and bottom fall backward still $7.25!

WalMart offers telemed $40 visit cost $4 by phone: Future is here!

Gun slinger to replace Harris in NC election redo after GOP caught stuffing ballot box.

Who owns your account now?

Your refund: https://www.irs.gov/refunds.

20 tax breaks: https://www.nerdwallet.com/blog/taxes/tax-deductions-tax-break

Claim spousal Social Security so you can let your benefits grow.

Low credit scores and finding a mortgage: Lenders that may take your money.

Miracle:

Pope tells criminal abusers and their cover up leaders to just stop doing it: no jail time–except in Australia. Iowa list of abusers has only dead priests—Current abusers stopped?

Who’s in Trump’s Mob—indicted and not yet indicted? Giving aid & comfort to enemy

Bookstore owner in hospital so competitors keep it open for him so no losses.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

What do you do when the market falls?

What do you do when the market falls?

Sell or stay the course? Why do the non-commission advisors like Warren Buffett tell us not to panic when the market declines? Why do the smart investors use the decline to BUY, not sell? The only reason is they have the experience of seeing the losers after they sell. Here is what I do, even in retirement: I look at the past market behavior-- http://www.moneychimp.com/features/market_cagr.htm. 2008=-37%, 2009=+27%, 2010=+15%; 2002=-22, 2003=+29; 1974=-27, 1975=+38, 1976=+24. Notice that when it falls, it rises. If that is not convincing you, look at the actual average earnings for advisor-assisted investors compared to the unassisted stock index fund: 3.79% vs 11%. Earning 11% a year (index accounts cost 0.04 % or less) over time beats 92.2% of the advisors and brokers unless they have illegal insider information. I use ‘perspective’: 2018 Jan 2=271; Dec 6=271 plus dividends. Last year I gained 22% tax free.

https://www.amazon.com/Just-Takes-Time-money-fashioned/dp/1979380945

Is your ‘retirement’ account really an ATM?

Most (59%) of investors ages 18 to 34 say they already have taken money from their retirement accounts according to a survey. Yet most believe they will have enough to enjoy their retirement. Not long ago, only 31% had raided their future nest egg. What happens when our 401k or 403b is used as an ATM? The compounding effect is destroyed. Compounding is the effect of making money on our existing money without adding more. Invest $250 a month, $3000 a year for 33 years ($99,000) and compounding produces about $1,000,000: $900,000 was from compounding. When we interrupt the growth—just 5 years—by stopping the flow and ALSO reversing savings, we lose about HALF the final total.

It is a miracle: https://www.amazon.com/Miracle-Compounding-Turn-$9-a-

day-into/dp/1470176513

Wages are up 3.7% Who is getting the raises?

The unemployment rate is now at 3.7%, the lowest since 1969. On a yearly basis, wages and salaries jumped 3.1%, the biggest increase in 10 years. But, which groups are getting the lion’s share of the increases? Corporate CEOs and upper management seem to have taken more than their share—perhaps from the corporate tax cuts. Most line workers seem to have given up more than they got—they will pay for the corporate tax cuts. The highest-rated employees earned 4.6% in raises in 2018, compared to the 2.7% average raise given to employees with an average rating. Although minimum wages were raised in some states, the big increases went to a few. Clothing manufacturing wages jumped 14% with only 116,000 workers. Refiners of petroleum and coal with 115,000 jobs saw the 2^nd highest raises. Data miners are in demand. So most of the wage increase of 3.7% was for a sliver of very skilled workers and their bosses. CEO's have seen a 937% increase in earnings since 1978: Workers saw 11.2% during the same time. "CEOs are getting more because of their power to set pay, not because they are more productive or have special talent or have more education," says one report. Given cuts in corporate and wealthy taxes, paying for the narrow group of raises will fall to the working class only.

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

Do you need a REAL middle-income tax break?

The REAL tax break from the GOP and Trump is the removal of the income cap on conversions from traditional IRAs to Roth IRAs. The 1.6% income increase for the average household earning $50,000 to $75,000 has been eaten up by tariffs and health care costs. Compare the $thousands you save in taxes during retirement when most of your income is tax-FREE and you no longer have to take taxable RMDs from your IRAs. For many, the elimination of tax on IRA distributions means their income can continue to grow after age 70 ½ AND they will pay less tax or nothing on their SS benefits.

Keep your taxes low for life: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Advisor’s plan for your retirement spending is impossible

The average spending for households headed by 55- to 64-year-olds was $65,000 in 2017, according to its Consumer Expenditure Survey. Spending dropped to $55,000 between ages 65 and 74, and after that it fell to $42,000. Housing costs remained steady and health care expenses increased, but nearly every other category — transportation, entertainment, clothing, food and drink — declined sharply. Retirement is NOT a fixed expense so putting all your money into an annuity or other fixed income vehicle is absurd. We all need flexibility unless we are going to watch TV for the rest of our lives. Advisors used to get off easy by telling us to take 4% a year. They were just lazy—it takes work to know how much to spend in the future. Chase bank created 4 profiles: homebodies, globe-trotters, health care spenders and foodies. Most advisors build inflation escalators into their financial plans but the data shows otherwise. For some, the huge bump comes with unexpected health care expenses. On the other hand, you should make that great trip or other retirement dream while you are able. Plan for flexibility!

Buy Income & Growth: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

Are trusts to avoid $10K cap on property tax right for you?

Wealthy folks in CA, CT, NJ, and NY are using trusts to hold their properties so they can avoid the cap of $10,000 on property tax set by Trump’s new tax bill. Those who previously deducted $50,000 or more for property taxes are moving ownership of their holdings to Alaska, where the tax is $0. Building and administering the trusts could cost about $20,000 plus you have to put investment assets in the trust that will generate enough income to balance out the $10,000 deduction. So this option will not work out for most taxpayers in the affected states. They will carry the load for the wealthy again. With a $20,000 property tax bill, the average homeowner will need to pay a larger chunk to cover Trump’s tax breaks for the rich.

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

Another way the wealthy avoid paying their fair share of tax

Feds just charged 4 people with helping the wealthy avoid US taxes using a law firm in Panama. The charges come from journalists getting records from the Panama Papers. One method: lawyers set up a fake investment into which a rich person could get the money out of the country. Then lawyers created a paper loss so the transaction could be called a non-taxable loss. The original money could then be returned to the US without a taxable event reported to the IRS. The rich could then use the untaxed money to buy a hard asset like a mansion with no questions asked.

Use your legal tax shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

This is how Jared avoids his fair share of taxes

Like papa, Jared uses other people’s money to buy commercial real estate. He pays himself well to run the business at a loss created from using the 'virtual' expense of building use and aging called depreciation. The losses mount up over the years and are added to this year’s loss. He earns $millions but never pays tax. We taxpayers actually give him a refund. Here’s an example from 2015. W-2 income: $198,000. Taxable interest: $536,000. Dividends: $1,000. Capital gains: $974,000. Deductions: Tax losses from real estate and other partnerships: $3.5 million. Tax losses carried forward from previous years: $4.8 million. Total adjusted gross income: Negative $6.6 million. Tax refund $4,000. A new Jared property just so happens to be located on one of papa’s US Opportunity Zones for another tax subsidy in Jared’s future.

Make your own Tax-Free empire: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

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

Make America, “The Don”, Great Again

Senile Psychosis

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

McGahn is ‘lodestar’: Told Trump ‘NO’ - saved Mueller!

J F Kennedy was 43 when he beat Nixon

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

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

Your tax dollars pushing right-wing conspiracies and hate of Jews

Police paid by us for protection, not sadism: ‘It’s still a blast beating people’

Medicare for all can save our lives and eliminate the waste. Rich must pay their taxes.

US now exports oil: Saudi dictator can now be sanctioned—Trump need not fear him.

GOP to give Trump $25 billion for wall that drug smugglers just travel under. Fake issue

EPA (Coal lobbyist) cancels coal regs so additional 15,000 people will die needlessly.

SCAMS/SPINS:

This is what the Trump ‘swamp’ really looks like: 3 swampers took $148 million.

Danard Brown Legend Securities caught ‘churning’ account for fees—fined, no jail

OptionSeller caught losing options customers $35.3 million they must pay back. Jail?

Bart Posey TN caught selling 17,000 fake health insurance policies: jail time.

Shoe store prank proves we know NOTHING about value vs price. Low fees wins.

Trumper attacks Mexican American tire store owners: Mormons killed hate-crime bill.

“Trump creating “new liberal order that prevents war” Sec State tells Europe. Crazycrazy

GOP tampers with votes again: it’s the only way to win with no credibility left.

GOP pays $100 for absentee votes in North Carolina. Republicans desperate!

Promoting cybercoins on social media can cost you $750K.

Scammers favorite time is tax time. Forward to IRS for verification.

BB&T bank caught forcing own employees to pay more for BB&T funds.

Wealthy men follow Pence to avoid women instead of treating them with respect.

BEWARE: ‘Free’ annuity dinner can cost you $hundreds for the rest of your life.

Loan sharks have turned legit: miss a payment and you wish you were dead: Boiler Room

State Farm bank caught misusing consumer credit information

Village Capital, NV caught misleading veterans on loan terms and rates.

Advisors who filed bankruptcy recently might cause you pause at your account.

GOP: TX state platform head: ‘I’m a WHITE NATIONALIST and very Proud of it.’

The ‘Leader’ violates every legal protection under the law: Obstruction and Tampering.

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

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

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

----------------------------------

Jobs:

Corporate and wealthy tax cuts have added 15% to the national debt in just 2 years.

Playing ‘chicken’ with our money AGAIN: Congress!  Do your job.

GOP pays $100 for absentee votes in North Carolina. Republicans desperate.

Jobs starting at $79,000 and few takers?

Who owns your account now?

OptionSellers.com’s disastrous gas options loss: clients owe brokers $35.3 million.

Start collecting your deductions now and file early Feb 15 for quick refund.

4% on your checking account? Are they crazy? Read details if it is for you.

Safest way to lose your future retirement nest egg: any of  these 10 ways to go wrong.

Brokers you might want to avoid: Check their history at BrokerCheck.

Credit score you need to buy car, rent, etc.

Miracle:

Just in time … after losing everything in Paradise

How did they get that shot? 100 Best Photos by National Geographic Utah's Bears Ears!

Michelle tells women they just need confidence—everyone else is not really that smart.

Blood test can detect cancer in 10 minutes. 90% accuracy for early treatment.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts