Tax-refund Millionaires

 

Tax-refund Millionaire-- https://www.irs.gov/refunds

Most people spend their tax refund—your refund could be a retirement nest egg.

Michele had trouble saving. She seemed to always be waiting for her next paycheck. She never had enough to save for a rainy day like her Mom did. She used to make about $55,000 as a shop manager but with federal, social security, Medicare and state taxes, unemployment, disability, and health insurance, she was not able to put anything away for retirement. Years ago, her local tax preparer suggested she use her tax refund (average $3,000) to create a retirement fund. Usually Michele would use her refund to pay bills or buy something special. The tax preparer said that if she agreed to start an IRA with $3,000 of her refund, she would be able to increase her refund—Uncle Sam would help her save. The amount she invested would reduce her income and make her refund larger. The $3,000 could grow over time, if she left it in stock mutual funds in her IRA account. Over time, it has grown large enough that she will have enough for retirement.

I will help you start one in 1 hour: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

Right now your $3,000 tax refund is worth DOUBLE

If we invest our tax refund in a stock fund—the shares are down 14% so far this year—the shares will easily double in value when the stock market recovers by next year. The alternative is to put $3,000 in a savings account earning .8% so you have $3,054 in a couple of years. $6,000 vs $3,054 in a couple of years. Stock prices are down—a sale. You are able to double your money in less time. Where can you do that? Not in a hedge fund. Warren Buffett proved that. Using a tax-FREE investment account, you may never have to pay tax on that portfolio increase. You can use the only legal tax shelter for working people. If you keep adding your tax refund to your tax-FREE account, you may have $250,000 in 20 years—and you will be able to spend it all—an extra 20-25% since there are NO income taxes on this special §408A account.

Go Tax-FREE: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Is this annuity right for you?

This annuity provides you with a guaranteed income for life. And the amount adjusts for inflation so that in 20 years it pays you an amount that has kept pace with the rising cost of living. Most annuity payouts are fixed, so that the amount you receive buys only about HALF of what it used to buy. This annuity grows over the course of time instead of requiring a huge chunk of your nest egg when you stop working. In fact this annuity can begin when you really need it—after you have accomplished all the things on your “bucket list” and you have spent most of your nest egg. This annuity can never fail to pay your monthly income because it is not dependent on the financial soundness of an insurance company. The monthly amount comes directly from the United States Treasury to your checking account. And the Treasury has never missed a payment even when the rest of the government has stopped paying its bills. Talk about peace of mind. And you can receive over a $1 million during your lifetime. Take this annuity.

Maximize benefits: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

 

Commoditization of the financial advice industry

Advisors can no longer afford to help families with less than $1 million of investible assets. Advisors cannot be sustained without the need to trade a lot of securities or sell a product like an annuity to keep the “fat cats” wealthy and their offices plush. Most large advisory firms have had to put clients into robo advisor mode. Wealthfront and Edge are examples. You are sent to the service center model, where the financial advisor does not play a critical role. Portfolios are standardized so you get one of 5-10 models. However, tax management or estate planning need more than an algorithm. So you are better off finding an expert on a fixed-fee basis at the time you need special services. For instance, many readers hired a planner (CFP) for a set fee to provide a comprehensive year by year estimate of income and expenses for 30 years. A tax accountant (CPA) can provide expert advice on handling tax matters. For complicated estate plans, you can secure a competent estate planner to guarantee your legacy. Remember, your IRA and regular mutual fund have beneficiary provisions which pass your money outside your will.

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

 

Best Robo-Advisor: Ultimate Automatic Wealth Management

Morningstar, the securities analyst found that COST is the best predictor of financial success over time. Fidelity found that their client accounts that were most successful were those put on automatic—left alone—forgotten. Warren Buffett: “The stock market is a device for transferring money from the impatient to the patient.” Buffett claims that his holding period is forever. He advocates compounding (allow earnings on earnings to grow exponentially): "My wealth has come from a combination of living in America, some lucky genes, and compound interest." Robo-advisors work because money does NOT trade, rebalance, market time, buy high-sell low or sector rotate. It compounds. Yes, it is counter intuitive and it violates every 'rule' of Wall Street. Leaving your money alone to grow by compounding the earnings is easy – but HARD. Human beings do not control their emotions -- fear and greed win out every time. In fact, the average investor earns only 3.79% annually (vs market returns of 11.06%) according to DALBAR’s QAIB for 10, 20, 30 years. Use the Ultimate Automatic Wealth Management firm for success.

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

 

We will need to pay extra taxes on our inheritance

The new federal regulations would require many people who inherit money through traditional individual retirement accounts (IRAs) as well as 401(k)s, 403(b)s and eligible 457(b)s to withdraw funds from the accounts every year over a 10-year period, The Wall Street Journal reports. Non-spouse heirs are required to take minimum taxable withdrawals every year for 10 years from their inheritance in situations where the original account owner died on or after April 1 of the year of his or her 72nd birthday. These withdrawals, technically known as required minimum distributions (RMDs), must empty the account within the 10-year period. Heirs would pay a penalty of 50% on any RMD amounts that they failed to withdraw according to the schedule defined by the new IRS rules. This change, from “at the end of 10 years” to every year makes the tax-FREE Roth IRA more attractive to those making a legacy.

Consider a conversion to Roth: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

 

Another way we pay taxes for the wealthy

Our Representatives continue to provide rich people with another way to avoid paying taxes. This one is fairly simple to eliminate but it continues to blow up the amount we all have to pay in the national debt. This three-decades-old loophole that cuts private equity billionaires’ tax rate almost in half is called carried interest. It is really the profits taken from investors by investment managerial firms. Investment managers pay a lower tax rate “than teachers and firefighters” because money manager are taxed at the lower capital gains rate not the income rate we all pay. Private equity and investment firms spent about $3.6 million on DC lobbyists; over the next four years they spent a combined $75 million. Small amount compared with the $180 Billion they take over 10 years. Obama tried to revoke this special deal but he never “leaned” on senators to include carried interest in a tax reform push. Senators get election money from money managers and lobbyists so they continue to run up our tax bill by not paying their fair share.

Stop paying their tax: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 

Best graduation gift you can give

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in retirement supplement.

Start their ‘Wealth Reserve’: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

 

 

?**********ACCOUNTABILITY**************?

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trumpist’s Supremes end personal rights

 

Nov 8 2022 Trump’s “national revolution”

 

 

Trump: drop missiles on Mexico drug makers

 

Trump: “shoot the protesters”

 

 

How Govt wastes our money:

GOP plan to ban IUD etc: charge murder for end pregnancy by any means

GOP Supremes: no right to private decision like abortion, gender, marriage in Constitution

TX low-income Latinas face major obstacles when it comes to ending unwanted pregnancies

 

Alito relies on 1671 understanding of marriage to think women rights NOT Constitutional.

Trump gave troubled lab $628 million contract to make the COVID-19 vaccines: later destroyed

Rand Paul dissents helping Ukraine with aid: $40 Billion “doom US economy” but tax breaks OK

 

SCAMS/SPINS:

GOP good old days: no aviane, so rhythm, no abortion, so coat hanger, no gays so closet

A Trump world vs a DeSantis world: radical southern strategy overwhelms staid Joe.

DeSantis redistricting map that would have eliminated a Black district in FL

 

FL rejected 41% of books: 24 of them scored high on official reviewers but reject too

Guns Now Kill More Children and Young Adults Than Car Crashes: Books don’t kill!

 

Putting Putin’s partisan on trial for war crimes: 21 yr old murdered unarmed 62 yr old

Putin scores “victory’ kills 60 women/children hiding in school: killing Ukraine ‘nazis’

GOP souring on Ukraine support: 57 House vote no on aid for survivors

 

Greene said can’t remember Jan 6 coup and so did judge: more crazy Greene GOP stunts

Trump fails to provide subpoena documents because he “lost his phones” Judge tricked!

 

 

Medicare Advantage declines 18% claims experts say OK: insurers hate paying claims

Jeffrey N. Crossland CA caught stealing $3.5 millions church loan scam 4 years prison

Trumps caught taking $ millions: promote fake vitamin/health products

 

Supremes base abortion ban on 1736 Englishman’s hate of women as witch, property

GOP encouraged to ban contraception as well as other personal choice rights.

 

Never use TurboTax: caught misleading us about costs; pay fine no jail

Banks caught ATM surcharges not reimbursed: claim refunds

Forever Living caught promises HUGE earnings but distributors earn absolutely nothing

 

RAM Payment/Account Management Systems caught overcharging debt relief clients 

SugarHouse Sportsbook caught fraud: “get up to a $250 match bonus on first deposit.”

TD Bank caught misleading “$300 Gift” TD can take back the $300 it “gave” us.

Recall 130,000 Tesla overheating cause the touchscreen to malfunction: burns your chips

 

Hackers are going after our data files with insurers: check your mobile password.

100 pairs of “extra destroyed” sneakers available to buy for $1,850: what you thinking?

work-at-home schemes provide income for criminals not us

 

Easy to mislead each other: fun for some costly for others: we’re conspiracy lovers

DeSantis holiday: mandate for students: learn “atrocities” by communist regimes no slave owners

GOP to block student access to online library databases: books, articles they don’t like

 

Jobs

Wage levels fell: inflation elevated at 8.3%: 6% wage rise less 8% price rise: we lost 2%

 

 

Who owns your account now?

Phoenix: fastest growing home prices: risen 216% since 2000!  Institutional investors 

Low-cost internet access for most Americans: some computer deals

NSM Insurance Group to Carlyle Group Inc

 

Allstate expects to raise premiums more: costlier litigation and used-car prices

Investors glad they did NOT put Bitcoin in their 401k as Fidelity recommended

 

Miracles:

Water shortage level likely trigger larger water cuts for Arizona, Nevada and California 

Women among Ukraine’s foreign fighters: Putin didn’t bargain for these heroes

Warming: giant groundwater system under the ice sheet in Antarctica: raise ocean levels?

 

Congress hearings on UFOs next week: 144 events, 1 explained: watch C-span

Scientist says move NYC before it is too late; too expensive: who is this guy?

Floating Solar Power Farm on lake with battery replaces Putin oil

 

Plane passenger lands plane after pilot incapacitated: DIY flying using picture of controls

States that offer free college courses to residents: Harvard’s free online courses

Your investments in the stock market have doubled over the last 5 years: 200-400 IVV

 

 

@@@@@@

Everything in the universe from galaxy to stones is made of subatomic ‘vibrations’

Light is both a particle and a wave depending on how we look at the light.

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

Mass–energy equivalence: E=mc^2.  At the smallest level; Everything is moving!

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

“Empty space is a boiling, bubbling brew of virtual particles that pop in and out of existence in a time scale so short that you can’t even measure them.” Space expanding.

 

 

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

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

 

Target-date funds right for you?

Target-date funds are millennial’s choice investment

Many millennials are turning to target-date funds (TDFs) as a set-it-and-forget-it investing method. Although TDFs are gaining popularity with millennials and company-sponsored retirement plans, it’s important to know the benefits and risks associated with them. Almost all workplace plans offer TDFs as an option. This option may sound ideal as they will not have to choose which stocks and bonds to invest in, nor the percentage of each. TDFs are also set up to automatically adjust to a more conservative allocation of assets as the target date approaches. There is no research done to determine if the allocation is divided appropriately between stocks and bonds, based on the individual’s risk tolerance. Actually, the research is not conclusive on this anyway. This seems OK since retirement is far off. TDFs do not take into account an individual’s years until retirement, any inheritance income or lifestyle changes over time. This ‘average person plan’ may carry risks but most folks don’t have the knowledge to make a specific plan, especially at a young age. To their benefit, TDFs don’t take market conditions into account. Over time, market timing does not work anyway. TDFs are not for those who can afford to ‘plan for retirement.’ Since the average ‘managed’ plan reduces returns to 3.79% vs 11%, most retirement savers are better off with a low-cost TDF especially since advisors cannot know when the next 2008-type crash will occur.

Let Buffett help you: https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

Never rollover when transferring money from a retirement account

So says IRA guru Ed Slott: "When you do a rollover, three things happen and they're ALL bad!" The only safe method of moving tax-advantaged money is by direct transfer or trustee-to-trustee transfer also known as direct rollovers. You don’t touch the money. The funds go directly from one plan to another without anyone touching the money in between, as opposed to indirect rollovers, where a check is made out to the IRA owner or employee personally. Once your employer or plan cuts a check to you, it is too late. They have already coded the transfer as taxable to the IRS and taken out 20% tax. That means you pay taxes on the money and you may pay a penalty. It does not matter that you did not intend this to happen. Many plan clerks do NOT even know you can avoid the 20%. They don’t know about trustee-to-trustee transfers. Many swear you must withhold 20% when you move your qualified funds. Ask to speak to the supervisor FAST. Make sure your transfer is coded ‘G’ Direct rollover and direct payment on form 1099-R. If it is miscoded, ask for a ‘corrected 1099’ from your plan administrator.

https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/147505793 

If you hate to lose money, try looking away for a while

People ask me, where can I put my money that is ‘safe’? I say, is this money you need in a year or 5 years? Time determines the safety of money not the type of vault. I explain to them that earning 1-2% from a bank is ‘safe’ for 1 year but is ‘unsafe’ for 5+ years. Why? Money represents buying power and over time money loses buying power. You could buy a gallon of gas for $1.70 in 2016 but now it is $2.74. It costs $40 or more to fill up now. It was not long ago that you only needed $20. Food costs have risen. Warren Buffett, star investment advisor, says: “We continue to make more money when snoring than when active." Money grows faster when you put it to work and DO NOT watch it. Buffett won his $1 million bet over a Wall Street guru by ‘looking away’ from a simple market index fund which does not change companies over time. No trading, no quitting. In 2014, there were 72,197 Americans aged 100 or older. That’s up 44% from 2000. You will need buying power if you become a centenarian.

Keep your buying power: https://www.amazon.com/Just-Takes-Time-make-money-fashioned-way/dp/1979380945

Put your money to work—so you don’t have to.

Accumulate $250,000, $500,000 even $1,000,000.

Compounding is what Warren Buffett counts on for success.

“My wealth has come from a combination of living in America, some lucky genes, and

compound interest.”

How much can your money earn for you? $1 million from your $99,000 investment.

Your $250 a month investment may grow to $1,000,000 or more and it can be tax FREE. That $3,000 a year for 33 years ($99,000) compounds to $1 million if you put it to work: Low-cost stock index funds earn 11% per year after fees over time. Advisor-managed funds earn 3.79% over time. Compounding does not work as well if your advisor is trading, market-timing, rebalancing or rotating sectors.

Put money to work: https://www.amazon.com/DIY-Financial-Independence-Freedom-Workbook/dp/1088908500

NY best-interest rule keeps annuities that mislead out

More insurers are deciding to pull products like annuities and life insurance from the New York market as the state's best-interest rule takes hold. Lincoln Financial suspended sales of fee-based annuities in New York on Aug. 1 in response to a particular consumer disclosure required by the new rule, Insurance Regulation 187.​ The rule prevents acts or practices that are unfair or deceptive. It ensures that a transaction is in the best interest of the consumer and appropriately addresses the insurance needs and financial objectives of the consumer. New York's best-interest rule is part of a movement by some states to raise sales standards for brokers and financial advisers following Trump overturning the Obama regulation that aimed to increase the standards for retirement accounts like 401(k)s and IRAs. The New York rule is on par with and may even be tougher than the DOL fiduciary rule, which the insurance and brokerage industries lobbied hard to kill.

Fiduciary Rule protects US: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Rich would need to pay their fair share under Warren’s policy

The top 15 richest Americans would have seen their net worth decline by more than half to $433.9 billion had Elizabeth Warren’s plan been in place since 1982, according to a recent study. But that assumes their legion of lawyers and accountants did nothing—most unlikely. Plus, our representatives would receive countless $ millions in election gifts to make sure there are plenty of loopholes and subsidies to keep the wealthy, wealthy. You know they will never give up their tax-credit class status without a fight.

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

**********

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

Taking money away from real military projects: ‘Nobody better at the military than me’

Why Congress does not stop opioid pandemic: we must pay for treatment, 70,000 dead.

Trump weakens protections for new financial products by giving ‘blank check’ to firms.

Trump allows our water to be polluted again: reverses another Obama reg

IRS goes after small $ cheats not the large $ evaders: wastes resources; we pay the taxes

Congress ponders 401k annuities: insurers’ lobby hard to capture huge profits. Danger! 

SCAMS/SPINS:

Certified Forensic Loan Auditors caught misleading US: loan modifications: fine, no jail 

Trump like Captain Queeg on Dorian path to AL: ‘I was with you all the way Alabama'

GOP scared to hold primaries: Trump challenge?: No need to vote: Democracy Trumped

Cruz threatens Trump: gun background checks ‘de-moralizes’ base; already no morals.

Anthem caught overcharging workers in 401k plan: $17 million reinstates pension dollars

NY state tax demand for immediate payment is fake: no passport, drivers license revoked

Hacker uses your credit card to open ApplePay account. Credit card bank cancelled card.  

Clayton Wertz caught making up security statements to help friend obtain bank loan

Beware: Scammers use fake news sites to sell fake products: check address line.

Beware: Advisors using ‘Christian’ labels: claim “biblically wise advice” for your money

Democracy Trumped: GOP cancels primaries: why bother voting for dictator Trump.

TX representative to Beto O'Rourke that his AR-15 "is ready for you": TX Death threats

CA to limit you to 1 AR per month: you can still buy 30 mags: some call this progress

Dems vote to keep oil drillers out of Artic land and oceans: Moscow Mitch says “Nyet.”

Courts lean right for the next generation: Money decides democracy fate.

Do any Sackler family go to jail for killing 10-50,000 a year? ‘None admit wrongdoing’!

Jobs

Social Security cost-of-living adjustment (COLA) to be 1.6% for 2020.

Warren will raise Social Security benefits from high income earners tax: Boomer voters!

Who owns your account now?

Cars that lose value fast: Don’t expect much for your trade.

Never use your cell? 1 cent/min if you do. https://tello.com/rates/pay_as_you_go/United%20States

Bargain hunters: If you love a great deal, check these Amazon retailers: shipping is killer.

Miracle:

It takes miracle to return to science: Dictator now dictates the weather: Science self-censorship can kill US. 

One woman saved 97 dogs from Dorian on Bahamas island Kind strangers helped.

When on a plane next to autistic child, use your airsickness bag to reach out and touch.

Can we do this too? https://twitter.com/ABC/status/1171149276812075011/

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

How much does retirement cost?

How much does retirement cost?

How do average working people afford to live in retirement? Two-salaried clients— school teacher and office manager—making on average $60,000 during their whole careers, earned enough to have a $1.2 million retirement fund--$40,000/year. How did they do it? Bought 2 used cars every 4-5 years. They invested 5-8% of their checks in stock index funds inside tax-deferred accounts at work and their own deductible IRAs. Bought house 40 years ago $200,000; now worth $700,000. Camping/hiking vacations. Eat out once a month. Did their own home cleaning, repair or maintenance. Bought food, clothes, toys, etc on sale or house brand. Paid for 2 master’s degrees (no scholarship) and a child’s private college degree. Covered 3 lay off periods; bankrupt once. Saved $3-4,000 a year on securities and insurance. One took SS benes at 62; one at 70. Gross income now: $90,000—SS, pension, investments.

https://www.amazon.com/Your-Plan-to-Live-Age-100/dp/1548180793

Supremes give wealthy another way to avoid our taxes

Progressive tax rates at federal and state levels are meant to reduce the gap between us and the tax-shelter class that evades taxes. Taxes were meant to avoid another Robber Baron period. Now the Supreme Court has decided the wealthy were paying too much state tax. Now we will be forced to pay more to make up for the shortfall created because states can’t tax income from wealthy trusts. The rich can now move their trusts and avoid income tax for beneficiaries’ trust. The Supreme Court has essentially opened the door to trust planning that could ‘avoid state taxation altogether.’ Plus they can now avoid an audit when they move to a low-tax state. We, who are left, pay more state taxes.

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

DIY Financial Independence: Freedom Workbook

Put your money to work so you don’t have to.

Use your IRS-approved tax shelter—Pay 0% on asset gains.

Accumulate $250,000, $500,000 even $1,000,000 tax-FREE. You achieve Financial Independence by having enough money to do what you want. When you don't have to rely on work to survive, you are financially independent. Playing it safe won't achieve it. You don't have to be super wealthy to become free of money worries. Financially independent people have one thing in common: they put their money to work so they don't have to. If you don't put your money to work, you will never be free.   'Compound interest' is the name of the process by which money makes money. You don't need to do a thing besides sending $250 to work every month. You earn money every time you buy things. You own part of the businesses. Compounding is what Warren Buffett counts on for success.

“My wealth has come from a combination of living in America, some lucky genes, and

compound interest.”

How much can your money earn for you? It depends on how long it works and where you put it to work. The best strategy is to use your Wealth Reserve to shield your money while it works in places you shop. You can use a special IRS-approved Tax-FREE account to avoid all tax on investment dividends, earnings and interest. You can also avoid the fees and commissions on this account. Your $250 a month investment may grow to $1,000,000 or more and it is all tax FREE. That $3,000 a year for 33 years ($99,000) compounds to $1 million if you put it to work: capitalism.

Put money to work: https://www.amazon.com/DIY-Financial-Independence-Freedom-Workbook/dp/1088908500

Trump’s medical price stability promise is dead

The health care companies have killed any chance for giving US a break. It is impossible to shop and compare prices even for a simple standard item. There are hidden costs in every procedure even if you knew the contract price between you doctor and the hospital. Those who argue that when we have ‘transparency’ we will shop and save are overlooking the conflict of interest of the sellers. I can’t tell my doctor to use the hospital or center where I found the lowest cost. I don’t trust the doctors who work at that center and vice versa. The doctor and the center are NOT on my side in this deal. Doctors make special deals with centers in their best interest, NOT mine. Like sales people, doctors make more by doing more volume with this center vs that center. Like my broker, they get paid more by selling one firm’s product over another. Or take a simple blood test. The median retail price in one place is $20 while the same test costs $443 in another. And what about life-saving insulin, up 1,700%? I can’t shop in India or China for insulin!

All these people make more than I do: https://www.amazon.com/Americas-Socialism-for-Rich-not-little-people/dp/1535218584

What can an annuity do for your retirement?

Congress wants to let the financial industry make a killing on annuity sales to retirees. Is this good for US as we retire at 10,000 per day? An annuity is a steady income for your lifetime. Insurers buy bonds with your money and dole it out to you monthly over time. You will receive less in buying power over time. Inflation takes HALF the value in 20 years. Insurers earn 1-3% depending on the type you buy. You receive a good deal if you live to be over 90. If you die before age 85, you lose. However, if you don’t feel comfortable using a 0.23% balanced (stock/bond) fund and having the fund firm send you a monthly check, this may be your best deal. A balanced fund earning over 8% a year can beat inflation over time. You keep your buying power and have a legacy too.

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

What are the options to save for college?

A tax-advantaged account called ‘529’ is available through any financial firm. What are the alternatives to a 2% savings account? Investment options range from all stock to all bonds. The middle road, overweighted to bonds, seems to work best for the 15-20 year average time to accumulate. Some plans offer age-based options. Some states provide a tax deduction. Some plans are sold direct without commissions and some cost you more. Many states allow anyone to use their plan. Some states offer low-cost management. Usually you can invest whatever amount you like but $100 a month for 15 years could provide over $40,000 for school for young and old—any educational purpose.

Learn more: https://www.savingforcollege.com/college-savings-101

Give your child a leg up with money

Make sure you teach your kids how to create wealth the easy way. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to buy low-cost insurance, two homes and 5 cars with higher down payments or cash. Now we receive $2,500 a monthly in retirement supplement.

     I found the advice of the smartest money manager of our time--Warren Buffett--is the best. It turns out his simple investing plan is best. Buffett: Panic is buy signal.

https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355/’

**********

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

Half the opioid pills were purchased by just 15% of the drugstores: 15 killing fields!

Trump confirms his ‘socialism for rich’: paying farmers more than if they produce soy!

Background checks are useless: OH shooter had 10,000 rounds to kill ½ Dayton

GOP McConnell helps USSR buy KY industry: ‘Moscow Mitch’ & ‘Mad Max’ Mnuchin

"He Has Gone Mad": Danish MPs On Trump's Reported Plan To Buy Greenland

SCAMS/SPINS:

Trump’s own construction crew are guys without papers: ICE doesn’t dare touch them.

Trump comments on FoxNews’ fake news comes true because USSR TV paid for it!

Trump says Clinton killed Trump’s buddy Epstein in prison of all places: Demented!

Trump: I saved steel industry with tariffs: “Steel was dead. Your business was dead,” now business is thriving.”

Trump plans to eliminate endangered animals: oil gas coal producers have won!

Trump:“Prices not up, no inflation. Farmers getting more than China would be spending”

Melania actually took home that El Paso survivor? Sick to use baby as photo prop

IRS lets advisors pull fees from the cash value of your annuity without you paying taxes.

Crypto currency scams on all social media: get-rich-quick is offer—get poor quick results

“We are worried,” Bank of America Merrill Lynch chief economist said. Panic buy signal

Steve Baptist caught taking commissions on trades in dead client accounts. New B-D.

Richard Duncan MA caught making Turkish scam on his clients: 100% return

Dawson James FL caught soliciting DoNotCall list: $20,000 fine but not ‘guilty’ plea.

Antonio Bravata started his second scam before he finished sentence for his first fraud Andy Gamber Voyager Financial caught fraud on disabled veterans: fine no firing squad

Craig Rumbaugh caught promising ‘safe’ real estate-backed returns Werth’s Ponzi

CA bans pesticide Trump defends: developmental neurological damage in humans.

Court: Trump must provide food, water, beds, toothbrush, soap just like Stalag 13.

Police Chiefs demand assault weapon ban: Congress & Trump in clutches of NRA!

Jobs

Civilian Spy: MicroSoft has employees and vendors listening in to your Skype, Cortana

Retire early? You are likely to experience bouts of anxiety and self-doubt. 

Physicists found new state of matter: increase storage quantum computer. Stream movie?

Physicists: temperature is property of quantum entanglements of ultracold atoms: Save E.

Who owns your account now?

Your old debt (past limit) can haunt you if you or collector makes a payment later.

SEC video about your advisor or broker: how to pick and how they get paid

Miracle:

Takes a miracle: Despite the news, even Pope’s letter, priests still abusing children. Jail?

Take a Miracle? Police lead black man on rope by horseback through town like past.

Save this spaceship: Troops with heatstroke double from 2008: EPA kills Bristol Bay life.

Angry neighbors turned nice: “Kindness goes such a long way. Gratitude goes such a long way.”

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Will our hubris or egos ever let us win?

Will our hubris or egos ever let us win?

Like the children of Lake Wobegon who are ALL above average, we think we can outsmart the stock market and Wall Street. Again we are proven wrong but we keep trying and lose our shirts and pants and ….  Over the past year and for periods of five, 10, 20 and 30 years, the average mutual fund investor has underperformed the markets for both stocks and bonds, according to Dalbar. Bond investors have generally failed to even keep up with inflation. In the 30 years through December 2018 the average bond mutual fund investor earned 0.26% compared with annual inflation of 2.49%. Over the course of an entire generation, bond investors’ money shrank more than 2% A YEAR. If you had held an index fund that simply tracked the bond market--Vanguard started such a fund in 1986--you would have earned about 6%, fees included. Instead of earning over 11% in stocks, the average fund investor earned just 4.1%. “What’s shocking is that simply by investing [with an advisor], most people actually made themselves poorer.”

Stop Trying So Hard: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

How can a millennial learn to save and invest?

Financial literacy programs in high school have failed. Only when we need the information do we act on good advice. How can we understand the greatest lesson in personal finance? I think this chart says it all: http://www.saferchild.org/power/.

You can see that over time (not weeks or months), your savings can grow many times over. Starting just 8 years earlier makes our money grow 64 fold: $16,000 to $1,000,000. We all have TIME—we don’t all have money. We don’t need a broker or stock-picking genius to grow our nest egg. In fact, paying someone to manage our money reduces our overall accumulation. The only way to reach our money goals is to invest in a broad array of stocks and stock mutual funds at cost. It is TIME and the power of compounding that grows $16,000 into $1 million. We earn over 11% a year not 3.79% with a ‘managed’ account. Warren Buffett recommends we use a low-cost index fund for wealth. Look at the annual earnings of the market here: moneychimp.com/features/market_cagr.htm

Use Vanguard’s Best: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X 

Major firms losing advisors/brokers: What if your advisor leaves?

Wells, Merrill and UBS have lost their better people. Over the past decade wirehouses have experienced a steady flow of advisers and assets leaving for other financial advice platforms. Advisers at wirehouses are typically paid in the neighborhood of 40% of their annual revenue, and they can double that portion at an independent broker-dealer. Or, if they open a registered investment advisory firm, they become independent business owners and control the equity in their practice. Changes to their pay grid is described as ‘death by a thousand cuts.’ Since the financial industry wants to keep taking $ billions from us each year, it must change with the times. RoboAdvisors and other discount vendors try to keep the Wall Street windfalls churning. However, unless you have money to burn, you are better off without the gurus and ‘money managers.’ When others handle your money, you lose. Fidelity found that the most successful customers were those that had ‘forgotten’ their account. They left it alone to compound. Money compounds at 11% when left alone. Let your advisor take from the wealthier folks who can afford it.

Let your money work: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Is your vehicle on the ‘hit list’?

My ’12 Camry is NOT on the list. In fact, there are no Toyotas or Hondas on the list. These are the most plentiful cars around and should be the cars for a quick ‘joy’ ride--a young person’s spur of the moment choice. Do we consider the cost of insurance when we shop for a vehicle? We should since rates are based on the risk of loss. If your ride is one of the chosen ones, you may be paying more for insurance. Funny, I would not expect all the pickups on the list. Perhaps stealing a pickup for a joyride is something I don’t understand or those starting a new construction job just need a tool for work. Also, why are there no Miata or Porsche or Maserati sports cars? Even Corvette is absent. Since there are a lot of 4 wheel drives—even a 4 door Benz—perhaps the list is mostly from hill country. However, there were only 65,000 of these top line jobs produced in Mexico so they must have been chosen for theft to hit # 10 on the list.

Save $22K with your discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

New York moves to make annuity sellers act in our ‘best’ interest

Sellers must provide customers with ‘best interest’ service going beyond the lower standard of ‘suitable.’ The law requires that financial services providers consider the interests of the consumer above everything else when making the annuity recommendation, mandating that any advice be “based on an evaluation of the relevant suitability information of the consumer and reflects the care, skill, prudence, and diligence that a prudent person acting in a like capacity and familiar with such matters would use under the circumstances then prevailing.” However, a broker or producer cannot sell the best products unless the firm makes them available. Most firms are for profit and so we must pay for the commissions, fees and charges that are added into the contract. Most of us do not know a ‘best interest’ product if it hit us in the face. Certainly the sellers have never seen ‘best products’ professionally unless they buy one themselves. (Sellers don’t offer Ukrainian US annuities, for instance.) New York & New Jersey are on the right ‘fiduciary’ track but most consumers can’t buy an ‘at cost’ annuity from a broker or bank or agent. Their firms wouldn’t allow it.

Buy one yourself: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

**********

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

Russia helps prez and still sways our votes + obstruction: Mueller’s team $12 million.

Lobbyists tell Congress: employers can sell expensive broker annuities to workers: TDA

More wasted $ million in Afghan war: US fears ‘losing’ guerilla war—2,400 dead so far!

SCAMS/SPINS:

Will Trump exonerate another convicted criminal because Obama didn’t?

Trump not mind vermin in his own Trump Grille (sp) and The Bronx Golf Links

Trump cuts money to expand Medicaid—no help for poor sick folks: Kills 15,000.

Trump still thinks China pays the tariff on imports: Did he really go to college?

Citigroup Global caught failing to screen for criminal event 10,400 workers

Banks take 18% more in fees from women than men: low pay = overdraft $30 per.

CFP Board hides bad broker records from us to protect criminal records

Trump best bud reduces taxes on $ billion income by 90%. May buy pardon too.

Trump gets gift horse from Mongolian leader Khaltmaagiin Battulga: Emolument?

Trump 2020: Does any Dem have a vision to inspire me to vote & override USSR?

Bitcoin: next tulip craze to take our money?

10,000 cryptocurrency investors face IRS letters to pay up: tax evasion of fair share.

We got hacked AGAIN: Capital One accounts hit by former vendor employee.

Timothy Sammons caught fraud and grand larceny on client’s art sold.

Eric Nichols caught paying off client for complaint without telling employer

Dawn Bennett caught 17 charges related $20 million Ponzi scheme. Gets 20 yrs.

Hector May caught stealing $11.5 million in Ponzi only to pay $8.4 million in restitution.

John Place, the Kirks, caught stealing $13 million on trading securities. No jail

Joel Freedman, bought the hospital servicing the poor and closed it. New office?

Audi led VW in emissions scandal: Can you trust their tests when you re-sell?

SCAM: free DNA test in exchange for your medical plan info—no real test.

Hybrid/EV car owners now get hit with state tax for driving green

Baltimore sends message regarding personal insults. Jared owns 701 rat-houses there.

Import Canada drugs for some HHS program citizens

17 NJ doctors caught assault, drugs, fraud, bribes, etc etc on patients. Check yours.

Wealthy parents disown their kids so they avoid college costs—rich get scholarships!

Jobs:

GEICO offers ‘pay as you drive’ plan—per mileage/style premium DriveEasy.

Trump’s new tariffs to slow sales, jobs so pay for new tax cuts for rich

Who owns your account now?

Rider Insurance to Plymouth Rock

Accounts to help a disabled relative: Trusts and annuities to pay a lifetime.

Wealthy buy art then take a loan on it which is spent as tax-FREE income.

Miracle:

It will take a miracle to stop another glacier melting away. Save this spaceship!

Bedridden 11 years, student researches and finds cure for his rare family ailment.

Two guys settle medical debt of 10,000 people in Appalachia: Americans in trouble.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts