Is your portfolio balanced for the future market?

Is your portfolio balanced for the future market?

Every financial planner has in mind a combo of stocks and bonds and some ‘alternative’ assets for average investors at any age. When thinking of the long-term returns—more than 10 years—most use a software program that takes your current portfolio totals for each asset class (stock, bond, other) and estimates how it will grow (inflation-adjusted) over time using a 1000 past stock and bond market scenarios. It adds your other income (pension and SS) and expenses and provides a range of portfolio totals you will have by age. Most programs estimate your income/expenses annually with a probability of making it all the way to age 95. So for most people a 45% stock 55% bond portfolio provides the best chance (97%) of making it through 25-30 years in retirement. Actually, this combo turns out to be fairly good one for most risk-averse investors of any age. More aggressive investors tilt the combo to stocks at an early age, like target date funds. The ratio of stocks, bonds, other is called asset allocation. Over time, stocks beat inflation but bond interest can offset a temporary stock price drop. A balanced fund like Vanguard Balanced Index Fund had only 1 year of negative returns. 

Try this software yourself: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Trump is recouping his tax cuts to the rich with tariffs we pay!

Many retail outlets are now raising prices to make us pay for Trump’s tax cuts to the wealthy. We knew we would have to pay eventually since Trump’s class has already figured out how to avoid taxes themselves. He gave them more help for the next 10 years. We will pay the higher prices and see our middle-class tax break of $4,000 (Trump promised) slip thru our fingers. He planned the tariffs before the tax breaks knowing that his class doesn’t shop at Walmart, Target, Mays, etc and thus won’t have to pay. The corporations were never going to use their breaks to build new factories for jobs. They have given the money to the owners and senior management. Socialism for the rich, capitalism for the poor.

We continue to pay for their taxes: https://www.amazon.com/Americas-Socialism-for-Rich-not-little-people/dp/1535218584

IRS cuts audits by 1/4 so Breath easy

The IRS’s criminal division brought 795 cases in which tax fraud was the primary crime last year, a decline of a quarter since 2010. Republicans in Congress have repeatedly cut the agency's budget since 2011, slashing the enforcement staff by a third. “Over time, crimes only tangentially related to taxes, such as drug trafficking and money laundering, have come to account for most of the agency’s cases.” Tax avoiders have a friend in high places so it is unlikely they will be caught. Even if they are found, they pay up. They hardly ever go to jail. Philip Falcone caught avoiding taxes overseas is an example of rich who don’t go to jail. They pay a deductible fine. Good auditors don’t work for the IRS; they work for the avoiders to find tiny exceptions in the code to avoid taxes.

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

Check your broker/advisor’s charges when rollover used

Regulators are taking a second look at the transactions when you are moving large assets to another type of account. The Securities and Exchange Commission is looking more closely at IRA rollovers. Examiners will not only be sifting through rollovers from retirement plans but from other IRAs, annuities and commissionable products. They want to ensure that your product offerings, fees and commissions are justified. If your salesperson fails to justify the recommendations and fees for rollovers, they may trigger an SEC examination. “This is the most aggressive we’ve seen the SEC in years with respect to enforcement on the fiduciary side” a researcher said. Fees above 1% will have to be justified. Since a 1% total charge may make a sales quota (1% of $250,000) $2,500 is a lot for a simple fill-in form. Consider the new product on-going fees, charges, commissions before you sign. There are alternatives that are better for you!

Avoid their high-cost products: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Another way the wealthy leave us with their tax bills

Wealthy people often accumulate huge value in their assets. For instance, Trump’s father gave him at least $413 million. If The Don had just put that in stocks, he would have $8.2 Billion now. 20% taxes would be due when the stocks are sold. If those assets were contributed to a donor advised fund (DAF), they would yields a huge deduction, which can offset as much as 30 percent of their income (AGI). This deduction can be carried forward five years so they may never pay regular income taxes (as The Don did in 1995 onward). Since the DAF is a public charity, the donor pays no capital gains tax -- and neither does the DAF when it sells the assets.

Of course this strategy is not as complicated as the ones used by the Trump family to avoid paying their fair share. New York State has opened an investigation into the alleged fraud committed so the family estate did not pay $ millions in taxes.

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

Tax law changes require you to prepare now

Tax changes mean you may actually owe tax this year. Check your 2017 return. First, the new standard deduction is $12,000 single; $18,000 head household; $24,000 joint returns. But you can’t claim a personal exemption deduction for yourself, your spouse, or your dependents. So if you claimed 3 or more exemptions, you lose at least the $12,150 deduction on line 42. If your family is large this can hurt (3 kids means $20,250 added to your taxable income line 43. This may increase your tax by $4,000. Also you are limited in the deductions for property and state income taxes to $10,000 as well as other items. To avoid any penalty, increase the amount of federal withholding at work using form W-4 to DECREASE your ‘allowances’ on line 5: https://www.irs.gov/pub/irs-pdf/fw4.pdf. Or pay the full amount of shortage by Jan 15, 2019. Page 9: https://www.irs.gov/pub/irs-pdf/f1040es.pdf/. On the other hand, if you can bunch 2-3 years of charity gifts, you can lessen the damage. Some states will let you pay state taxes to a charity to work around this tax increase. If you are head a small business, your tax bill will probably fall but see your accountant for details.

Decrease taxable income: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce-Taxes/dp/1540435148

How much to withdrawal from your nest egg?

Stanford Center on Longevity evaluated 292 strategies on generating retirement income, and the “Spend Safely In Retirement” strategy is one that it believes can work well for most clients. Retirement paychecks are SS and RMD from IRAs. These are guaranteed to last the rest of your life, no matter how long you live, and they don’t go down in stock market crashes. Use these to cover your basic living expenses, food, a roof over your head, medical premiums, utilities. Retirement bonuses. These typically come from invested assets or salaries from working. Use these to cover your discretionary living expenses, like travel, hobbies and gifts for grandchildren. Cash stash. This money covers emergencies so you don’t have to dip into your savings.

Use your RMD wisely: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

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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!

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

Opioid addiction treatment money and drug firms push millions of pills into addicts.

Trump to fight CA on open internet: he wants us to pay more for faster service.

Trump EPA admits man makes temp up 7 degrees so let polluters make money now.

Grassley, Nunes, 30 other Congress folks receive $15.3 million subsidies from our taxes.

Trump gives drug firms guarantees so we pay more for generics

SCAMS/SPINS:

Tariffs are the NEW tax and employment would fall by 459,816.

Roca Labs diet supplement lies exposed are protected from suit

AmerisourceBergen, drug middleman, caught fraud, doctor kickbacks, no jail time.

Philip Falcone caught avoiding taxes overseas—rich don’t go to jail; pay deductible fine.

Lending Club and CEO caught cooking the books to make it look better.

Top scams and frauds complaints: $2 billion recovered but be on your guard with these.

Edward Jones brokerage caught moving accounts for higher fees going forward.

Charles Rettig, Trump’s new IRS chief may ignore tax cheating by Trump family.

Bluestem caught delaying the transfer of payments that customers had made on debt.

Shopper’s loan—high-cost loans for those who can’t get credit. Too easy default.

Suicide by cop: Everyday people with guns kill co-workers and get cops to kill them.

This is why Wyatt Earp in Tombstone took people’s guns when they came to town.

CA gun buy now requires age 21—will it cut mass shootings?

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You’d be a billionaire too with $413 million and 1,032 apartments to start your career.

Trump lost Plaza Hotel, casinos, $$$: Alt: $413 mil in index fund, 30 years=$8.2 Billion

Why do women attacked by rich men NOT report? Living proof with CongressMen!

“What happens at Georgetown Prep stays at Georgetown Prep.” Bret Kavanaugh.

So when you are being attacked, you must bring a lawyer with you to observe & testify.

Trump said #MeToo Movement women are a threat to his class of rich men who prey on women because of their power. Trump claims he can’t stop himself from sexually attacking women. Trump has no morals or self-control. Hedonist!

Trump tape: “I’m automatically attracted to beautiful — I just start kissing them. It’s like a magnet. Just kiss. I don’t even wait. And when you’re a star, they let you do it. You can do anything. Whatever you want. Grab ’em by the pussy. You can do anything.”

Trump knows from his experience: He defends himself using the media to attack the victim’s credibility and honor. And sometimes punish them with legal force.  

Innocent men don’t pay off liars and fakers.

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Jobs:

Trump ends entrepreneur visas so jobs go to Estonia, Canada, Japan, New Zealand, etc.

Scammers posing as potential employers who send fake check; you buy real cash cards.

Trump gets NAFTA deal done: Goodies for unions, banks and pharmaceutical companies

Get college degree FREE so jobs become available in future.

TX to get FIRST robot sex dolls at Galleria Houston.

Jobs galore: Unemployment rate at lowest level in 50 years

Who owns your account now?

Merrill restrictions on penny-stock trading, adding to new rules for the higher-risk items.

NJ brokers will have fiduciary duty similar to Obama’s rule that Trump reversed.

50 million Facebook accounts security breach: hackers take over users’ account data.

Earn 5% on Amazon purchases: Must be Prime member $119; covered with $200/month.

Miracle:

IAN

41 Watchung Plaza, B242

Montclair ,  NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

How is your 401k?

How is your 401k?

Fidelity published the average balance by age. Each of us is at different financial stages so averages don’t mean much. Most of us have SS benefits to add to our total. The average benefit today is $1,342 a month which will increase by a COLA if Congress passes an increase each year. The average monthly income that could be produced from the balance for a 65 year old ($200,000) is about $700 a month in today’s purchasing power. Unless we plan on receiving a pension of sorts or working longer, $2,000 a month from each spouse may not be enough. Plus, we all know that you can never have too much. We need to consider how we can improve our situation with tax-FREE savings. This parking lot attendant did it by following his Mom’s advice.

Now we can create tax-FREE income: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Why are wages the same as in 1985?

Inflation over the last 40 years has left most of us with the same Buying Power as of 1985 down from 1968. What happened? Automation and technology have left many jobs on the ‘shop floor.’ In 1985, as manager of about 40 people, I oversaw the computerization project of our entire process. My 4 assistants could make decisions immediately from weekly reports that told us what was happening (and wasn’t). Within 10 years, every change or entry made by now 20 staff since those in the field entered data once on a network computer and not reentered by my office staff. In my next job, I got the suppliers of our products to make the data entry. They streamlined the process so there were no more paper copies of customer contracts to be signed or filed. In my next job, most of the data entry was by the customer and by scanning bar codes. I no longer had a receptionist/secretary. I could run meetings and consult with direct reports by phone anytime day (or night, in a pinch). Meanwhile, my salary and bonus were doubled and my boss’ quadrupled. Today CEOs have compensation 500 times that of line workers—up 1,279%. The value we created per person using machines provided gains for senior execs and stockholders. Buying Power wages have not changed. We work 2 jobs.

I use an IRS-OK tax-shelter to keep more: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

Can we afford NOT to have Medicare for All?

The rate of bankruptcy has increased 204% since 1991 often because of health care costs. This 87 year old is going to be in the truck next to you in order to pay his wife’s medical bills. Is this what we want to do in retirement? There is enough money in America to pay for health care! It’s just sitting in the accounts of the top 10% fellow Americans trying to pay as little tax as possible. For instance, some of the Billionaires are paying only 17% total tax—about HALF the amount of the middle-class worker. Mitt Romney and John Kerry paid less than 15%. Most of the highest net worth Americans are paying a fortune to lawyers to reduce the amount they pay every year—using legal and illegal means. The IRS just gave the wealthy with money overseas a discount on their taxes if they declare with the Offshore Voluntary Disclosure Program. Trump and the GOP have proposed letting the wealthy delay paying the RMD tax. They allowed “junk” insurance to be sold which is cheap because it does not cover all expenses. The GOP continues to pay socialized supports to the oil gas agriculture and mining industries. So America can afford it if we chose: https://www.amazon.com/Americas-Socialism-for-Rich-only-little-people-pay/dp/1535218584

How can you avoid SCAMS in financial services?

Wall Street is a ‘war’ zone! We must enter this war zone with the protection of knowledge. We could lose all our lifelong savings in one trade. Brokers and advisors have weapons that can 'kill' us financially. They are hidden behind lies, exaggerations, obfuscations and straight-out fraud like faking our signature. Half-truths and our assumptions and greed are also at play. These are our 'soft' underbelly targets. There are warning signs but most SCAM situations require us to be knowledgeable and to check every move. My first day as a manager at a security firm I was told: ‘brokers are [car] salesman.’ Our future life is at stake and yet we give strangers our money so easily.

Take Buffett’s advice: https://www.amazon.com/Avoid-Scams-Brokers-Advisors-Sender-ebook/dp/B07GZ1WSP1/

Wealthy take a dive into CLO again: mortgage loan disaster taught us nothing!

The superrich pouring $ millions into collateralized loan obligation. CLOs means possible bank failure again. They are after the possible double-digit returns. But dissenters have raised questions about whether the frenetic pace of sales is spurring reckless behavior just as the prospect of an economic downturn looms over an increasingly leveraged corporate America. Yes, history could repeat itself when you transform riskier company loans into bonds of varying risk and reward and then promote them with “every smart rich person owns them.” One promoter says “you only have issues if … you have losses.” Yes! These sub-investment-grade rating loans are mixed with equity so they may pay better if you wait. Returns on CLO equity can range from 12% to a remarkable 20%, standing out in credit markets where corporate bonds have delivered little or negative returns this year. Banks think they understand the risks just like last time. Remember we taxpayers had to bail them out—even foreign banks—and that makes bankers ‘adventure’ capitalists for FEES.

Protect your investments in a tax-FREE trust: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

We are paying an extra $14 billion a year in broker fees thanks to Trump

New report compares the fees we pay under Obama’s vs Trump’s fiduciary rules. The report examines the stock prices of 36 publicly traded brokerage, mutual fund and life insurance companies, finding they lost a total $14 billion in value as a direct result of the Obama fiduciary rule. It mandated that sellers offer the ‘best’ product to retirement account clients. “The profitability and value of investment firms is reduced by the inability to collect conflict-of-interest fees." In other words, firms did not receive $14 B in fees from us on our money during the Obama period. Obama saved us about $17 billions a year. This was mainly annuity commissions which are definitely NOT products in your BEST interest but in the firm’s best interest. Firms have plenty of costs that must be passed on to us one way or another. 

Avoid their fees: https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

Will you owe tax penalty in 2019?

Trump’s new law is effective in 2018. If your property tax or state income tax is over $10,000, you are going to owe more because you can’t deduct these taxes anymore. If you are used to deducting employee expenses and 9 others, you may also owe. The IRS notice 182 says you may have a penalty if you owe more than $1,000 next April. Individuals, including sole proprietors, partners and S corporation shareholders, may need to pay quarterly installments of estimated tax unless you owe less than $1,000 when you file your tax return or you had no tax liability in the prior year. Other taxpayers who may need to make estimated payments include someone who:

• has more than one job but doesn’t have each employer withhold taxes.
• is self-employed.
• is an independent contractor.
• is a representative of a direct-sales or in-home-sales company.
• participates in sharing economy activities where they are not working as employees.

Make estimated payment by Sept 17 with Form 1040-ES page 11.

Start your tax shelter now: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Insurers want to put annuities into 401k for more fees

Pro: They argue that annuities are the “only savings vehicle that carry a guaranteed, contracted, lifetime income stream, outside of Social Security and pension benefits.” Con: 401k accounts already delay taxes on the gains. Annuities costs are high compared to the alternative—IRA which also delays taxes. The IRS already mandates a lifetime income stream. It is called an RMD calculated by your IRA trustee who doesn’t charge for this service. IRAs are protected from creditors like annuities. The guaranteed benefit misses the point of having income for life. The income is usually cut in half because of inflation. You may begin with $1,000 a month at age 65 but it will buy HALF the goods you need by age 85. 401k accounts are run by your employer meeting certain fiduciary standards. Annuities are not. To guarantee a lifetime income stream is a process best left to an experienced planner over time so you can make adjustments to your investment mix as needed. Annuities protect insurers not you.

Don’t give up 3% annuity fees: https://www.amazon.com/NO-Cost-Annuity-Years-Income/dp/1508487308

Where is your increased income?

Census says: Middle-class income rose to the highest recorded levels in 2017 and the national poverty rate declined as the benefits of the strong economy lifted the fortunes of more Americans. The median U.S. household earned $61,372 last year, meaning half of the families in the country brought in more income than this and half earned less. But the nerds say median income last year was not statistically different from 1999 or 2007. A change in methodology in 2013 makes precise comparisons difficult. All the income figures have been adjusted for inflation and are reported in 2017 dollars. Here is the rub: “The extra pay from having another person in the home working is the largest factor contributing to the increase in income.” Our wages did not go up! We are just working more hours. Americans living in official poverty stayed at over 12%. Remember, earned income is the Gross number not cash in pocket. Our health care costs went up. Fewer people can afford a house or rent because property costs have ballooned. Young people with school loans went back home since they can’t afford the basics of family life. And the worst is yet to come: Who will pay for the $1.3 Trillion deficit this year? Not the wealthy! Most of the tax breaks mean they will pay less in the future: $21.3 Trillion.

Avoid their taxes legally: https://www.amazon.com/Pay-No-Taxes-in-Retirement-legally/dp/1507527977

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

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!

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

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

Trump keeps 177,000 troupes in Syria, Afganistan, Korea, Germany, etc etc. $700+ B.

Trump follows Putin lead to raise retirement age—‘Save’ SS by cutting benefits-old song

Trump EPA to allow more methane to heat up the atmosphere for more hurricanes/floods.

Trump subpoenas every NC voters’ records--20 million to stop votes for Dems. NC: NO!

GOP still not reform flood insurance: Florence hits east coast. Trump to help whites more

SCAMS/SPINS:

Don’t fall asleep in class: Student got tasered for falling asleep in class in Smithville OH

Drug companies say hospitals jack up prices of drugs in hospital 500%. Hospitals say …

Paltrow ordered to stop making false claims for her Goop stuff.

GM recalling 1 million trucks/SUV for power steering faults.

MyPillow told to stop making false claims for his stuff. Fine $1 million; still false claims.

Neurolumen sued for false claim on PTSD, MS, fibromyalgia pain.

Stream’s deceptive marketing of business opportunities attacked as false.

Doctors give out opioids like candy— no diagnosis no reason—except drug firm money!

How is 2,975 dead in Puerto Rico an "incredible unsung success"? Trump takes $10 mil.

SII caught failing to supervise sales of high fee illiquid real estate investment trusts. 

Barry Honig & others caught in microcap “pump-and-dump” schemes taking $27 million

Edward Daniel lost license after 41 years: unsuitable investments 2011 and 2015.

BB&T caught hiding wrap fees--overcharging clients $635,535; not disclosing conflicts

Cadaret Grant Co caught selling leveraged oil-linked exchange traded note & annuities

Luke Eddy MA caught impersonating client and forging her signature.

Market timing is back in vogue: Stock sellers like August trading for a change.

Emil Botvinnik Jovannie Aquino caught trading $3.6 mil client loss --$4.6 mil fees.

Citi caught overcharging retirement plan and charitable organization customers.

Timothy Ayre MA caught selling HempCoin an unregistered cryptocurrency security.

GPB Capital Holdings illiquid private placements investigation by MA: 4,000 at risk.

FUTURE INCOME PAYMENTS sued for claim “not a loan” when are loans hi interest

Jeffery J Kelly caught failure give docs re: unethical behavior so barred from industry

Insulin prices doubled to pay for CEOs $ millions pay packet

Health care scams double: low-cost Trump plans offered—premiums buy no coverage.

SS scam: fake SS official asks for info or tells you to send gift card to reopen account

TX cop kills neighbor in home—I thought I was home. Door Keys? Wrong Floor?

When we all have guns for ‘protection,’ who will police shoot first? Safe in your home?

               police shoot owner who already shot intruder. Kids will have plastic killer guns?

Jobs:

Prepare for a good job: 25 jobs trending to $100,000 plus

Health care hires thousands per week as more in Medicare plus new procedures

Work at home scam or real gig? 10 jobs to try for experience and money.

Ford cancels production move from China to US: no profits on Focus built here.

Poll: 2/3 people think automation will eliminate jobs for ordinary folks soon.  

How many more decorated national security officials alienated by Trump?

Who owns your account now?

Ohio National stops selling annuities: "It's a declining market," expert says.

Home or Rent: A challenge and the duplex solution.

Retirement accounts target of cyber crime: protect your account.

ACA in WV provided health account for 189,000 uninsured: don’t know its ObamaCare

Miracle:

Ruby slippers located in FBI sting: $1 million insurance finder’s fee.

Uninsured for health falls again from 48.6 million to 28.3 million Americans

IAN

41 Watchung Plaza, B242

Montclair ,  NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Best gift for your graduate

Best gift for your graduate: The Gift of a Lifetime.

Your monthly gift could provide your grandchild with real ‘social security:’ their own tax-FREE money. You take advantage of the miracle of compounding. Your gift becomes a $2,000,000 tax-FREE Wealth Reserve. You could reduce your taxable estate by $500,000 for each grandchild. Your grandchild will NEVER have to pay taxes on the money either. Social Security will exhaust its funds in about 2034. Every year you delay costs your favorite kid $100,000 later. 

Start today: https://www.amazon.com/Give-your-Grandchild-$2000000-Lifetime/dp/1456433105

Do you know how to pay for a car/truck?

We spend $500 a month on our cars and trucks—$360,000 during our lives. That could earn us $2,000,000 over time if we invested it. One of our clients was a car salesman: the costliest errors include paying cash. Interest rates are low especially at credit unions. Lease it for business. Two: buying a very used car is expensive. Higher rate loan and poor reliability for some models mean more repairs. Three: using your home credit line is not a good idea since the interest is NOT deductible under Trump’s tax law. Fourth: paying more for new gadgets like auto pilot and more mpg or mpcharge is not good. Autopilot is still not safe. Best choice: low mileage high reliable used family car/truck. Some popular vehicles have high markups. JD Power Dependability and Consumer Reports show you WHICH to pick for your search. Use ‘game theory’ to find the best deal: FIND ‘game theory’ at http://dankeppel.blogspot.com/

Get all your insurance discounts too: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634 

Is your broker pushing an annuity?

Pitch: can’t outlive your benefits, low-cost pension substitute, simple plan, guaranteed rate, 9.6% bonus, etc.  

Before you sign up for the rest of time, consider these points: Ads are misleading and were the basis for the Fiduciary Rule “buyer comes first” protection before Trump cancelled it. This is the worst time to buy an annuity for one reason--rates. You can’t break contract when rates go up. In 20-25 years your payout is HALF what you began with. Fees can take 3% of your money each year. No refunds: your money is gone--out of your control. 75% of working-age investors polled said they want the freedom to spend their retirement savings however they choose, even if it means possibly running out of money too soon. Annuities are NOT popular with retirees. Annuities are NOT the answer. They work for certain high net worth people who paid for a well planned retirement using a CFP or fee-only planner and use the life rider for estate tax.

For more information: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

GOP got criticism about over spending and will cut our benefits

While on Easter break, many Congress reps were given hell for running the debt up to $21 Trillion with their gift to the rich. The CBO says budget deficit for 2020 will be $1 Trillion even with all Trump’s promises. No one thinks the tax breaks they just gave to business and the wealthy will be reversed, so who is left to pay? We will. Our tax cuts were already scheduled to be raised by 2025 as a GOP legal trick. The next on the list are our welfare, Medicare, Medicaid. Trump vowed not to cut spending on Social Security, Medicare, or Medicaid but he has trouble making wise predictions. GOP calls the cuts “entitlements we've got to reform.” In November, Dems are going to repeat our answer “we paid for these things” and they are not like the business subsidies Congress gives to agribusiness, oil and gas, drugs, cars, etc. and never asks them for the money back even when the firms don’t need it. Some pay little or no tax too. 

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

IRS gives tax filing extension if you are not going to make it by 4/17

You can still file on 4/17 online at the IRS Free File sites  IRS free filing partners. If you need more time, just ask: https://www.irs.gov/pub/irs-pdf/f4868.pdf. You must estimate and pay up by 4/17. Even giving them $50 holds off penalty until October 15, 2018.

Check if you have a refund for a previous year—there is over $1 billion from 2014 alone. https://www.efile.com/unclaimed-irs-tax-refund-checks-and-bank-deposits/. Need previous year return (transcript): https://www.irs.gov/individuals/get-transcript. Check your refund: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp.

You can create a tax-free retirement fund of $500,000 with that amount each year. FreeFile: https://apps.irs.gov/app/freeFile/jsp/index.jsp.

Use your refund to fund your tax-FREE IRS approved account: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Tax on capital gains, dividends and interest as market declines?

If you had to pay tax on assets you are holding for later, there is an important way to avoid taxes now and later when you spend the assets tax free. If you don’t have to pay taxes and fees every year, your money can grow faster. Compounding is the miracle that makes assets grow exponentially--$3,000 per year ($102,000) invested = $1million in 34 years but only in a tax-FREE account. You invest in large profitable global companies with a $250 monthly no-fee contribution. You avoid taxes on all your earnings—gains, dividends and interest. And you can leave a legacy to heirs without taxes or legal fees.

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

What is an Active Share score for a mutual fund?

Active Share—the percentage of stock holdings in a fund’s portfolio that differs from its benchmark index—would “help retail investors determine whether a higher-cost, actively managed mutual fund fits their investment goals better than another, lower-cost alternative.” So a low active share score may cause an investor to think their manager is relying too heavily on a benchmark, and thus not earning their fees, when in fact the small percentage of equities identified by the manager that differ from the index can in some cases lead to returns that far outperform the index. The score can’t be the only measure of your manager but it gives you a reason to question if they are so-called “closet benchmark” managers charging a high fee for effectively replicating an index. Since a manager could improve your return with a large position in 1 stock and match the benchmark index for the balance of the fund, you have to question how much risk is the manager taking. You could suffer if their 1 stock bet goes south.

Use a proven passive/active portfolio of the best: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

NV passes rule to protect its citizens from bad actors

NV will protect its citizens from misleading and costly financial advice to replace the Obama Fiduciary Rule cancelled by Trump. In a few states, your advisor must give you alternatives that are in your ‘best interest’ NOT their own. For instance, NV advisors must make sure you are presented with retirement products that are NOT burdened with high fees and charges. The industry follows their own lobbyist organization rules: “suitability” standard, which allows the most egregious products. The previous Labor Dept rule, your “best interest” required sellers to not mislead you into high-cost products: sell only products with your ‘best interest’ at heart. Several other states are considering their own Fiduciary Rule. The SEC is considering new standards for brokers. Brokerage firms do not want separate rules by state but have killed the national DOL rule. An Obama administration study found that middle-class families are ripped off to the tune of $17 billion annually due to ‘best for firm’ rules: backdoor payments and hidden fees.

Use firms that follow “best interest” rules: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Trump’s National Socialist government

Tariffs: When the government raises prices on certain goods, companies rise or fall. 25,000 workers who make parts out of Chinese steel will be laid off. Soy bean agribusiness will have to lay off workers since China will buy less soy beans from them. Some businesses will fail. Trump attacks Amazon. GOP has made business and wealthy tax breaks permanent while workers will have their taxes raised in 2025. Corporations pay a smaller portion of our national revenue: 9% vs 33% in 1945. Trump has given oil and gas licenses to Big Oil to disrupt the Pacific and Atlantic waters except GOP-friendly Florida. He gave Big Oil/Gas some of our national treasures to mine putting local tourism out of work. His choice of judges and prosecutors will mean some receive different punishment than others (Trump U. fraud was not a bad decision by biased ‘Mexican’ judge as Trump alleges.). Trump tells Justice Dept to go after his political enemies. Trump asks FBI to overlook his friends’ crimes. FBI subpoena of his lawyer is NOT attack on America. Trump is NOT America. Trump is a man NOT above law. Free society and equal justice don’t depend on one person’s whims. Playing games with our lives is toxic. America does not need National Socialism.

Protect yourself: https://www.amazon.com/Americas-Socialism-for-Rich-people/dp/1535218584

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Make America, “The Don” Great Again

‘I’m the only one that matters’ Mob Boss, Nov 3, 2017

Trump to refuse to answer special prosecutor’s questions: Above the law?

FBI finds answers in ‘The Don’s’ consigliere’s office/home/hotel

The Path to Dictatorship

“I have absolute right to do what I want with the Justice Department”

Trump thinks FBI subpoena on lawyer is “Attack on our country”

(Dictators often have delusion they themselves ARE their country)

China has ‘leader for life’: “maybe we’ll have to give that a shot someday.”

Putin’s influence: Manafort, Flynn, Gates, Page, Stone, Papadopoulos, Sater, Zwaan  jailed, Prince, Jr, Jared, Sessions, Cohen, etc 

Putin controls US power utilities and 21 state voting files, Trump slush fund, etc

“The election is going to be rigged—I’m going to be honest” 

Could Trump postpone Nov 2018 election using excuse of Putin meddling needs fixing?

(Dictators in other countries start their régimes that way!)

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

Capacity to flatter the boss invariably tops ability for Trump’s mob. Only 1^st class idiots.

Free money given to your doctor to write a certain script for you and charge Medicare.

Trump to Panama prez: save my hotel contract in Panama. “I don’t have foreign deals”

Trump pulls out of TPP trade pact and now wants in. What is going on with this guy.

SCAMS:

Trump EPA says no global warming but ask the 50,000 people of Marshall Is.

How drug pushers raise prices on drugs we can’t do without: Trump does nothing!

Vitamin supplements are not effective but we spend $billions anyway. Fountain Youth?

PNC, SSA and Geneos broke Fiduciary: took $12 million in fees illegally Trump ended Fiduciary.

Chase mishandled estate assets to earn fees so jury hit is $8 Billion as signal to all heirs

Scammers call to confirm your Social Security number or pay for your new card.

TX Clifton Stanley Lifepay Ponzi caught stealing $4 million from retirees promised 36%.

Protect your Facebook data from manipulation of your choices and actions. Stop THEM!

JPMorganChase caught charging extra cryptofees for cryptocurrency trading.

EPA deputy is coal lobbyist—forget clean air, water, oceans, power. Tax dollars to Delta!

Laurence M. Torres, Alexander Capital caught churning accounts: stole $400,000

Jobs:

Trump cancels overtime pay rule for workers. We lost $1.2 billion same wage as 1975.

Kids staying home—1880 when same 32% kids stay home: getting like Eastern Europe.

Now we know why taxes are less in Red states: teachers earn just 63 cents on the dollar.

Trump’s ICE leaving food industry hustling for workers on all levels

Good pay Congress needs 46 new reps: Ryan quits before Trump impeachment trial starts

WH needs personal aides (get McD, read memos to Don), NSA advisor, must speak B.S.

Who owns your account now?

Guggenheim to Invesco: ETF fund fees cut.

Capital One brokerage to Woodbury Financial

Russia keeps NRA alive as political force: Russia mafia money for Trump election.

Miracle:

Opioid victims can sue wealthy drugers into ending pushing killer epidemic.

The victims of AR 15 make it the most popular rifle as they secure a ban in new Congress

Can Trump be indicted for murder: fire victim since he banned sprinklers in skyscraper?

IAN

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