Can $10/day create good retirement income?

 

Rebuilding our savings: creating a tax-FREE retirement

Instead of saving and investing in an account that will force you to pay more taxes in the future, use the only legal IRS tax-haven available to working people. Your employer may offer a Roth 401k. If not, you can open a FREE Roth IRA at any low-cost mutual fund firm like Vanguard or Schwab. Your contributions of just $250 a month into a low-cost diversified stock fund will compound over time to $500,000 or more. When you retire, your entire $500,000 is tax FREE. That may mean an extra 22% to spend because you don’t have to give it to federal and state governments. That also means you may not have to pay taxes on your Social Security benefits. Right now those benefits can be taxed.

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

 

Can $10 a day really provide a good retirement income?

Long-term investing in a simple Target Date fund can provide any working person with a comfortable retirement. How? The Miracle of Compounding—it is the strategy recommended by all great investors. Warren Buffett said: “My wealth has come from a combination of living in America, some lucky genes, and compound interest. Why is compounding a miracle? Compounding is not intuitive: you can’t visualize it when you begin. It happens slowly over time. Using a low-cost Target Date fund relieves you of making a mistake: to pick the right one at the right time. That is gambling not investing. Most wealthy people got there by compounding their savings/investing over time. And your money can earn over 11% a year since you pay no advisor fees, commissions, costs.

Help your child learn investing not gambling. https://www.amazon.com/Where-can-your-child-invest/dp/1492164240/

 

 

Will Social Security benefits really be cut by 25% in 13 years?

The trustees of SS project that benefits will be reduced by 2034 because fewer workers are contributing and the group who qualify (people age 62 and over) is growing. Those of us who have invested over our working years will have a cushion against this shortfall. However, those who have had to spend their savings during the virus crisis will need to increase their contributions to securities in order to catch up. We can’t expect to earn enough with 1-2% interest rates. Using the long-term stock market returns of over 11%, we can double our money every 7-8 years. This means that over 25 years, we can accumulate $400,000 and in 33 years, we can accumulate over $1,000,0000 on contributions of $250/month to a low-cost tax-FREE account. Taxes will go up.

Start NOW: https://www.amazon.com/Reset-Your-Retirement-Income-retirement/dp/1512304344

 

 

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

 

Is your IRS letter a mistake for you?

A reader received a “Notice of intent to seizure (levy) your property” letter CP504 from the IRS. It claimed tax due immediately from 2019 tax return. The Reader had filed an Amended Return on April 23 2020 but the IRS was closed for virus and did not open their mail. According to their web pages, the 1040X was not assigned to be processed till October 14. It showed up on “where’s my amended return” screen as “not processed.” IRS computers don’t speak to each other so the computer for ‘Amended Returns’ did not tell the ‘Tax Collection’ computer that it should hold off sending the “we will seize your property” letter” till later. Our Reader finally got someone in collections to answer the phone (previous letter sent by the Reader in December) never got to collection folks. The Moral of the Story—take the 2 ½ hrs needed to get a real person on the phone so you have back up if the IRS tries to take your bank account or other assets later. Get a name.

See IRS taxpayer rights: Rights are great on paper but you will need a lawyer or former agent to enforce them. Avoid future taxation as much as possible.

Use IRS-approved tax haven: https://www.amazon.com/Your-Wealth-ReserveTM-Tax-FREE-Investment/dp/1484954882

 

What is covered by your $148.50 Medicare premium?

Original Medicare provides annual medical screening counseling too. Most of us don’t know what is covered by the Part B $148.50 a month. Medicare Part A for hospital charges is FREE. Medicare’s free “What’s covered” app delivers accurate cost and coverage information right on your smartphone. Now you can quickly see whether Medicare covers your service in the doctor’s office, the hospital, or anywhere else you use your phone. Make sure your chosen a provider that accepts your Medicare or Advantage plan. Talk to your doctor or other health care provider about why you need certain services or supplies. Ask if Medicare B will cover them. You may need something that's usually covered but your provider thinks that Medicare won't cover it in your situation. If so, you'll have to read and sign a notice. The notice says that you may have to pay for the item, service, or supply. If it is necessary, check on the cost before you sign. You may need the CMS code: https://www.cms.gov/medicare-coverage-database/details/article-details.aspx. You may need to do some research like this on the internet: https://bulletin.facs.org/2016/05/coding-and-reimbursement-for-colonoscopy/. Next stop is your Medicare Supplement policy. You may have chosen a plan that covers your needs in previous years, but it is wise to check on changes. For instance, As of January 1, 2020, Medigap plans sold to new people with Medicare aren't allowed to cover the Part B deductible. So you see few plans cover this expense and you should budget for this out of pocket. Early in retirement you may not need to buy a plan that limits your out of pocket expenses but later on this may be a smart choice. Luckily, your state price range are here: https://www.medicare.gov/medigap-supplemental-insurance-plans/. You will need to compare Part D drugs you need at retail and online druggists.

Consult the current handbook: https://www.medicare.gov/Pubs/pdf/10050-Medicare-and-You.pdf

 

 

Lower your tax: We can continue to contribute to deductible IRAs

Previously, we were not allowed to continue making contributions to Traditional IRAs once we reached age 70½. But the SECURE Act removes this age limit, effective this year. This could be beneficial for the growing number of people who are working past age 70 since they can now continue making IRA contributions indefinitely, thus enhancing their long-term retirement financial security. They can also make non-deductible contributions to their Roth IRA which is never taxes later. On the other hand, distributions from traditional IRAs must begin when we reach 72 up from age 70 1/2. However, the new rule does not apply to those already older than 70 ½ or turned 70 ½ in 2019 (born on or before June 30, 1949). Those individuals must continue or begin taking RMDs under the old rule. The SECURE Act effectively eliminated stretch IRAs as an estate planning tool. Effective for deaths occurring after December 31, 2019, funds from inherited IRAs must now be fully withdrawn by beneficiaries within 10 years of the account owner’s death. Exceptions for spouse and disabled. See a professional.

https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

 

 

 

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

 

 

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

 

 

Domestic terrorists hiding in Congress?

 

Dictator’s Justice Dept officials “engaged in an improper attempt” to overturn the 2020 election. 

 

31 police involved in US insurrection

 

Fascists want to kill our representatives

 

 

Our ‘Truth and Reconciliation Commission’? 

 

 

 

How Govt wastes our money:

If 100 million vaccinated in 100 days, no vaccine appts left in NJ or NY: 500,000 die by Mar?

Millions set up to make vaccines for Covid used as personal slush fund for HHS directors.

We paid for federal prison food that was fake: cheap prices since fillers provided instead

 

Supremes let dictator keep all the money his companies took illegally: dismissed his corruption

Trump tax breaks at work: billionaires grew $1.1 trillion richer: wasn’t really for middle class

Oklahoma trying to return Trump’s virus cure, hydroxychloroquine, but already paid $2 million

 

What if it were Obama? GOP Senate would convict Obama for insurrection of US in a minute

“Law and order” party OK with insurrection: no accountability for dictator: insurrection leader

 

Pentagon (Trump) kept Guard from responding sooner to Trump’s insurrection at Capitol.

Militias are terrorists: Ex military & ex police keep treat levels up: Civil War II?

 

 

SCAMS/SPINS:

Stay ahead of the misinformation: social media and cable are fun but check Bias Chart.

More misleading information rattles around in Q world: must be fun to be brainwashed.

Would you hire someone involved in an attempted coup against the United States?

 

Terrorist training camps in OH NC etc under surveillance before coup attempt: court file

Q’s brainwashed folks need therapy to get over shock: dictator did NOT take over US

America had an election: 81 million is greater than 74 million: hard to miscount 7 million

 

Many GOP leaving GOP after seeing GOP-sponsored coup: no reckoning for Trump?

The party of insurrectionists and conspiracy theorists: a True 3^rd party wants dictator

 

 

SCAM: Credit repair “Anyone that says they can hide/remove bad credit for fee is scam”

Debit card usage is dangerous: you have no recourse to scams, theft, fraud, bad credit

Trading rapid moving stock can harm your future: you could lose HALF in 15 min.

 

 

Virus variant strain hits NJ with no symptoms and no travel contact history: on the wind?

Teacher dies but bosses still refuse to wear masks: overcoming brainwashing is still hard.

SURPRISE Vatican clears retired US bishop of multiple abuse claims: kids now too old.

 

Wealthy are creating boomtown in Palm Beach: London’s best sit in lockdown empty

 

GOP passing state laws to stop future Dem voting: no mail-in, fewer machines, hours, etc

Senate GOP so afraid of dictator: no guts to stop him overthrowing the government again

Only Sen. Kinzinger has the guts to stop dictator who tried to overthrow our government.

 

Scams target seniors: more money, more trusting, more alone, more gullible

 

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

Job search begins with working friends: if opening happens, you will be called first.

Google employees from across the globe are forming a union alliance: work conditions

 

 

Who owns your account now?

Keep up to date with a new stimulus process: WH news feed to your browser

Allstate Life to Blackrock but keeps New York life biz

WHO advised pregnant women against taking Moderna vaccine unless preexisting conditions. 

 

Feb 15: HealthCare.gov insurance markets to take new applications for subsidized benefits

 

Miracles:

It is a miracle: 1^st Black Defense Sec only had 2 no votes: Utah Lee; Missouri Hawley

Car charges in 10 min and goes 250 miles: Penn State says yes.

Time is running out: sea level rising faster: warm water melts glaciers from bottom too

 

Only Sen Kinzinger had the guts to stop dictator who tried to overthrow our government.

Some judges waited for Biden before retiring to avoid fascist state

 

 

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/

 

How to get your 401k to $100 million

How to get your 401k to $100 million

Obviously, we’re not talking about your 401(k) plan. There are limits to how much you can contribute to a typical 401(k) plan each year. But there are a few workarounds that the rich know about and participate in regularly. The best way to take full advantage of a 401(k) plan is to be self-employed. If your wife is an employee of your business, then each can contribute of up to $56,000. That’s $112,000 for the two of you. The full amount of the contribution will be tax-deductible to your business. $112,000 every year is a big tax deduction. Meanwhile, the investment income accumulating within the plan is tax-deferred. Also a Roth 401(k) allows you to hedge against future higher tax rates–a not unlikely prospect given the 2019 $1 trillion federal budget deficit. With a Roth 401(k) contribution, you’re paying your taxes now, at today’s comparatively low rates. Later when you take your retirement money, you can take it tax-FREE or let it grow. Roth distributions are NOT subject to RMD withdrawal rules. Great for your legacy.

Use your tax shelter now: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Why we can’t afford retirement anymore

A new study shows the average compensation of CEOs in the largest firms was $16.3 million in 2014, up 3.9% since 2013 and 54.3% since the recovery began in 2009. More impressively, from 1978 to 2014, inflation-adjusted CEO compensation increased 997%, a rise almost double stock market growth and substantially greater than the painfully slow 10.9% growth in a typical worker’s annual compensation over the same period. So, the CEO-to-worker compensation ratio was 303-to-1 in 2014, lower than the 376-to-1 ratio in 2000 but far higher than the 20-to-1 in 1965 and any time in the 1960s, 1970s, 1980s, or 1990s. Our taxes went up while theirs went down: More of us pay 32.9% compared with less than 20% that the wealthy pay. As Buffett pointed out, he pays only 17.7% with no tax shelter. Corporations like Apple, Google, Amazon, Boeing, and GE have overseas shelters to hide their incomes. So 2/3rds of all businesses pay $0 tax. Plus we taxpayers must subsidize many profitable businesses like oil, gas, agribusiness, air carriers, energy etc. Many aren’t even American. It is time for the wealthy to contribute to this society like they once did. We need a tax shelter too. The American Dream is fading.

Use your tax-free account: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

How much is $20 worth in retirement?

It is hard to visualize how quickly your money can grow when you invest in the stock market using a low-cost index fund. In a simple stock index fund like Vanguard’s 500 Index, your 401k contribution of $20 per week can grow to $400,000 by the time you need it. In 500 businesses, your $20 a week produces dividends and increases in value over time. You don’t see it in the first year but it is clear in this chart, which can be translated into a picture of what you will have in the future. When you receive a 401k company match, you can double your money for FREE. When you allow a person, be it an advisor/broker/agent to take 2% in fees and market timing, you give up about HALF what you could have had. That is because the average investor using a managed account earns just 3.79% over time instead of the S&P 500 index 11%. Using a low-cost index fund with no income taxes, you can count on more for later even when you can’t see it.

Use the Buffett strategy: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Why doctors prescribe higher-cost drugs than equivalents

Over half of all US doctors get money from pharma each year. Is it any wonder that we have a drug addiction problem in America? Drug makers and medical device makers are still spending between $2.1 billion and $2.2 billion a year to woo doctors into prescribing and using their products, according to a new investigation by ProPublica. Between 2014 and 2018, more than 600,000 of the approximately 1.1 million doctors in the US received at least one payment from industry in any given year. Thanks to ObamaCare, we know the payments were for things including speaking fees, consulting, meals, gifts, travel, and royalties. While thousands of doctors have made $100,000 or more, more than 2,500 received $500,000 or more in the five-year period—and those payments do not include royalties. More than 700 received at least $1 million. Our doctor may make more as a drug pusher than as a healer. Is it any wonder millions have become addicts?

Check out your doc: https://openpaymentsdata.cms.gov/

Why we need one size fits all health care coverage

People are so confused about the costs covered by their health insurance that they're avoiding medical treatment. Polygenius survey found that 27% of respondents avoided medical care or treatment because they were unsure of what their insurance covered. The annual survey found that more than 85% of respondents didn't know the basic benefits that health insurance plans must cover under the Affordable Care Act, up from 80% in 2018 and 78% in 2017. "The survey data suggest the reason people avoid care is because they don't fully understand their insurance coverage and would rather avoid a surprise bill.” For example: my provider ‘group’ sent me a bill for part of my colonoscopy. I sent them a copy of the ACA regs since I fought a bill last time and didn’t pay a dime. Didn’t matter, they put the bill to their collectors. I finally wrote the CEO of my insurer asking him to fix it. His office called and I gave them the number of the provider ‘group’ billing located in another state. They got through and Karen of ‘group’ admitted I was right and she would cancel the collection. Most people are NOT in the business and don’t know about free screening tests: that is what the ‘professional groups’ are counting on to take more money from us. Last time, a surprise bill from a guy I never interviewed for my test sent me a bill. I just sent it back and he gave up. The ‘group’ never heard of him either. Scammers know Trump will not defend ACA so they know they will not be caught/jailed

Know what you’re buying: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

Is an ‘online installment loan’ right for you?

Remember the bad headlines for the ‘payday lending’ industry? Many alternative credit providers soon began generating the bulk of their revenue from installment rather than payday loans. Yet the shift came with a major consequence for borrowers. By changing how customers repaid their debts, subprime lenders were able to partly circumvent growing regulatory efforts intended to prevent families from falling into debt traps built on exorbitant fees and endless renewals. Instead, families in need can borrow more than $2500 for longer periods up to 60 months. Of course, once trapped, families pay rates between 34% and 155%. Payday lenders are now better off with larger balances and more revenue than ever before the regs. Lenders pray on those hit by medical bills or a job loss. The surging popularity of online installment loans, combined with a growing ability to tap into big data to better screen customers, has helped boost the fortunes of many subprime lenders. The Trump administration’s decision earlier this year to delay and potentially weaken planned restrictions on payday lending that were announced in 2016 has also bolstered the industry’s outlook. Trump loves debt—he never pays his.

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

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

Like 1776, this period is a test of democracy—do we really want a Tzar as prez?

Elijah Cummings: We are in a fight for the soul of our democracy.

Gen “John Kelly can’t handle the genius of our great President.”

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

Trump gift to wealthy raises deficit 26%: Sending gift to tax havens: no new factories

“It feels like a horror movie”: Republicans feel anxious and adrift defending Trump.

Trump to pay the national debt of $23 Trillion: “I’m renegotiating all of our deals,…”

Trump is special!!: only 4 POTUS impeachment votes in history—end in sight.

Trump to shut govt to shut impeachment process: No hearing hall; no impeachment!

US president using high-level diplomacy to advance his personal political interests.

Trump ends ACA: states can opt for policies charging more for pre-existing; junk cover

Keystone Pipeline leak in North Dakota was shut down after about 383,000 gallons of oil

SCAMS/SPINS:

Trump offers pardon to Giuliani’s associates who collected foreign money for election?

Trump gets award for his ‘justice’?

al-Baghdadi raid: Trump tells Putin before Congress “to keep it secret.”

Senior Living Satisfaction Study: Life Care Services wins

Senior scams by lawyers, caregivers, insurers, advisors, relatives, etc

Driverless cars could actually lead to more traffic congestion

Handless car doors can kill: Doors don’t open for firemen without fop in burning hand

Sounds good, BUT Auto-braking does not work on all cars: check yours or drive self

Ram Recalls 107,898 Diesel Pickups Due to a Fire Risk

Where are the ‘middle-class’ tax benefits?: Most benefits floated to the Top 1%

And the Top wants more: World's Most Expensive Bank Limits Staff Water To Cut Costs

Stuart Nichols, AL caught churning clients for fees: ignored hearing so defrocked

Sellers of 403 457 school pensions caught high fees/deceptive sales SEC review brokers

James Edward Lyons caught selling oil gas MLP without approval: lost $3.2 million

Ronald J. Knight NY Life caught cheating reimbursement forms: defrocked

MIT caught overcharging own employees in 401k fees $18 million

Cindy Chiellini Ricky Mantei caught selling structured CDs no super. complaints

Jay Ledford caught stealing $345 million in Ponzi was sentenced to 14 years

Trump can’t even go to game: Vets for impeach; fans yell “lock him up” and booos

46% of US are still fooled by this con man: are we stupid or just dangerously desperate?

Ivanka thinks father treated poorly like Thomas Jefferson: Trump had slave children?

Congress subpoenas can be ignored: is that for everyone or just the Czar’s Chosen Few?

Jobs

Good thing robots don’t run your company: CEO/senior management is first expense cut

When everyone has a gun, the police don’t know who to shoot: Shoot--ask questions later

JPMorgan plans to move hundreds of New York-based credit-risk jobs to Plano Texas

Walgreens will shutter nearly 40% of the clinics in its stores as it cuts costs

IRS: employers can stop giving insurance for employees: instead pay workers to buy TrumpCare

Keep working longer hour--avoid wasted time at store: Amazon delivers grocery free with Prime

Trump got his own personal pastor: recruits evangelicals for political work

Boy scouts raising member fee to $60: covers sex abuse by adults but the adults pay only $36

Who owns your account now?

We lose over 50 benefits if Trump cancels ObamaCare: GOP will keep their govt plans

Payday lenders raising money for Trump’s campaign to fend off regulation

Fiat Chrysler and Peugeot owner PSA are in merger talks: Jeeps made in French Guiana?

Morningstar upgraded its ratings on nine 529 college savings plans; 8 plans downgraded

Miracle:

Another coal miner Murray bankrupt despite Trump cancels environmental regulations.

Wildfire prep kit: https://www.latimes.com/california/story/2019-10-28/california-wildfires-how-to-prepare

TB vaccine "It could save more than 600,000 lives per year" Phase 3 trials early stages. 

Man who never paid taxes and proud of it leaves NYC: Moving TrumpTower to Moscow

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Need a graduation gift?

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

Stock-picking hedge funds are throwing in the towel

With Warren Buffett’s win of a simple strategy over 5 hedge funds, some high-cost managers are giving up. Buffett put a $1 million in the simple Vanguard 500 index in 2008. The five funds of hedge funds Protege picked were up roughly 19.6% compared with the 63.5% for the top 500 index. Lackluster returns and lofty fees charged by hedge funds have prompted investors to head for the exits, and they withdrew $15 billion in the first quarter, according to eVestment data, in a fourth straight quarter of redemptions. Most Wall Street firms are dropping fees in an attempt to maintain their failed business model. John Bogle made it clear: costs matter. Over a 50-year investing lifetime, that little 2% fee will erode 63% of what you would have had. Do the math: if your money earns 10% and you pay 2%, your $3,000 a year retirement contribution will be worth only $2 million; NOT $4.3 million.

https://www.amazon.com/Warren-Buffetts-Investment-Secret-Steeple/dp/1484189809

Do we have too many options?

Amazon carries an almost infinite variety of stuff. Big box stores are forced to carry more choices and most of us can’t cope. Contemporary internet shopping conjures a perfect storm of choice anxiety. Research has consistently held that people who are presented with a few options make better, easier decisions than those presented with many. This is why we see DISRUPTORS in the consumer commodity space: Casper (mattresses), Glossier (makeup), Away (suitcases), and many others have sprouted up to offer consumers freedom from choice: These firms are selling a confidence in those things, and an ability to opt out of the stuff rat race. This is especially true for financial products. If there are only 10,000 stocks, how come there are 9,356 mutual funds, and 5,024 ETFs. (Less than 1% get HALF of all the money) But which of the 25,000 options should you put your money into? Investors are flocking to Vanguard to pay less; earn more.

Follow the money: https://www.amazon.com/Disruptors-Three-Innovators-increase-WEALTH/dp/1720857563

Trump’s Socialism: like Putin he picks the firms he likes

Nike, Adidas and 173 shoe firms claim Trump tariffs are killing their business. Tariffs are a tax paid by the importer: ultimately, the consumer, Trump’s economist confessed. Shoes already pay duty so tariffs are double tax industry. Apple watches, flat screen TVs and high chairs all got waivers during the last round of tariffs. 47,000 requests have been submitted on steel and aluminum tariffs. American steelmakers have successfully blocked thousands of waiver applications, with more than half the objections coming from just a handful of big steel producers. So U.S. Steel, Nucor and AK Steel have effectively become an oligopoly. They can control prices since everyone, but them, must pay the tariff tax. The farm welfare goes mainly to the large agribusinesses so they become larger and buy up small family farms. We pay for the Export-They can’t compete on price. Using the 2017 Opportunity Zones tax break, the wealthy can reduce their gains’ taxes to 0%. We can’t do that. We pay for their tax breaks as group, ‘socially.’ 

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

Despite DEM talk, wealth gap will become larger

The rich benefit from a rising stock market. They have doubled their wealth since 2012 just by letting their money alone. The richest people have increased their share of stock ownership over the last 30 years. 1% of households now own 50% of all household equities, up from 39% in the late 1980s. Just over half of Americans own stocks. Two-thirds of Americans do not even participate in or have access to a 401(k) plan, according to the U.S. Census Bureau. Working people, whose income has remained the same since the 1970s (inflation-adjusted), can’t afford to save and invest. Trump promised his tax cut was for workers, but corporations are giving it to stockholders. Even with everyone in the household working when they can, the cost of living does not allow for a savings/ investing plan. Most do not know about the Miracle of Compounding and a tax-free account. These strategies could help most people have enough in retirement.

Use these tools to assure your retirement: https://www.amazon.com/Your-Wealth-Reserve-Save-year/dp/107028288X

Why your broker/advisor called the market move wrong

When the markets took a break from historic long bull at the end of 2018, many so called ‘professionals’ sent their money to fixed vehicles. Of course, then the bulls continued to run despite the various ‘signals’ sent from Washington. We don’t ever learn: none of these people can predict the future—they’re salespeople. That was my first lesson at my brokerage firm in 1987. So you missed another 12% gain. So what if the market swings wildly from day to day. If you can’t stand it then don’t—spread your money around—don’t follow their advice. You know down deep that they are not going to be right most of the time. Accept the returns of a diversified portfolio knowing that every sector has its day in the sun. Pick a balanced fund like Wellesley Income and just hold it for 9.69% since 1970 or buy BRK for 20%. Boring, yes; but profitably steady.

Find another hobby: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

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

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! 

Govt filed 2,000 actions against opioid makers that created epidemic 47,600 deaths 2017.

Trump: lower medical costs by disclosure of secret pricing. Med industry pays CEO more

Trump against America’s wishes, gives weapons for oil to dictator to kill its neighbors.

Trump adds new tax on stuff we buy from Mexico: tariff is tax we pay—cars, foods

GOP wants citizenship in Census (count ‘persons’ not citizens) to mislead us.

GOP will NOT secure and protect 2020 election: Putin will decide next US prez.

How building manager can bring peace to most contested property in world.

Deregulation gone amuck: TX cancels plumber regs, license and test so all die from gas.

SCAMS/SPINS:

Trump OK with Kim’s missiles and name-calling US political candidate: Dictators agree.

GOP voter fraud game shown to be just a propaganda trick to help TX GOP win.

How much is death by intentional opioid poisoning worth in OK?

Wealthy could buy Hollywood high school diplomas too: $280

Credit score: MN or MS—713 or 652—which state are you in financially?

Prevagen is fake--real exercises to keep yourself sharp for life: Why Jellyfish?

BayerMonsanto caught manipulating science, EPA and media: $2 billion cancer

Annuity lobbyists caught hiding windfall deal inside retirement bill to delay RMD.

Employers have new way to stop pension growing even when you keep working.

Michael Bastardi caught ignoring requests about fraud forgery: barred

Stephen Anderson NC caught overcharging clients: fine no jail  

James Daly Michael O’Keeffe, MA caught losing $10 million on oil & gas for all clients

Never wire money without calling receiver to confirm: mortgage escrow scam.

Never refi mortgage without shopping rates/fees/charges: lender churning scam.

Never take default help without shopping rates/fees/charges: fake govt help scam.

Never pay pre-rental fee without confirming agent authority: fake rental deposit.

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.’

"Charging the President with a crime was therefore not an option we could consider."

Jobs:

10 best entry-level with a bright future: engineers and nurse assistant in demand.

Supreme Court: employers can use forced arbitration clauses that strip workers of rights. 

Dick’s Sporting not hurt by banning AR rifle sales last year.

20 Fastest-growing jobs: pay is low for some; college required for some; solar & wind.

Who owns your account now?

I chose scuba diving old wreck over Everest climb this week end. I hate crowds.

Congress to change retirement account rules: fixing old laws

Fed employees soon to have other Thrift Plan options to take retirement money

Miracle:

Home Depot the helpful place: builds a walker when insurance can’t.

Alex Trebek's pancreatic-cancer tumors shrinking at 'mind-boggling' pace. Prayers!

8 spellers tie after Spelling Bee ran out of words: $50,000 each! WOW first time!

IAN

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