Charity helps wealthy avoid taxes too

Another way the wealthy avoid paying taxes—a ‘Charity’ Foundation

You give yourself a tax credit when you give money to a charity like Trump’s 501(c)3. You ask other wealthy people like ticket scalper Ebers to give money to your Foundation. Then, since you are the head of it, you give their cash to pay your legal fees of your other businesses. You give cash to Jets (head NY GOP fundraiser) and FL AG so she ignores your U. fraud. You give cash to Citizens United another GOP group. “If he’s using other people’s money — run through his foundation — to satisfy his personal obligations, then that’s about as blatant an example of self-dealing [as] I’ve seen in awhile,” one analyst said. The IRS is too busy hunting down ObamaCare taxpayers to do any real legal probes. Congress cut their business audit staff. The wealthy know the chance of real legal action is small. If caught, they just pay the tax they avoided years earlier. Meanwhile they have used tax-free cash to pay their bills and gained political influence too. Richie Ebers gets the $477,400 tax credit too. Jets owner gives to NY GOP elections.  

As Trump said, “When you give, they do whatever the hell you want them to do.”

Your pension may not be what it says it is

Your pension may be hiding the real state of your pension funding. When all the assets in the pension fund are given actual market value (“marked to market”) compared to the assumed value given by actuaries, the pension may not have enough to pay your benefits. When a small town pension pulled out of the large CA state pension fund CAlpers, the town found out it was $48 million short of what it owed retirees, or four times what the official numbers showed. Pension actuaries assume assets will earn 7.5%, but when they don’t, the fund does not ask for more from the contributors. Everyone assumes the assets will “earn 7.5% on average.” The times when assets don’t earn the average it is assumed they will make up for it during the good times. Over long periods, that has worked for state and private pensions. However, when contributors quit the pension during lean times, or the pension offers new benefits to early retirees, they see the “emperor has no clothes” and must put up more money to pay the promised pensions.

Vanguard values retirement accounts daily and they can be tax-FREE:  https://www.amazon.com/Your-Pension-in-Box-tax-FREE-/dp/1481945157

Top Wall Street investment firm destroys myth of Wall Street brilliance

Laurence Fink, founder of BlackRock, the world’s largest asset manager, has been to the mountain and seen the future when he lost $100 million. Now he guards $5 Trillion. “I believed I had figured out the market. But I was wrong because while I wasn’t watching, the world had changed.” The future of finance, Mr. Fink has argued, lies with rules-based, data-driven investment styles such as exchange-traded funds, which track a variety of stock and bond indexes or adhere to a set of financial rules. The idea is that such an approach eliminates at least some of the potential for human error, while lowering costs.

Vanguard master of the indexes gives the profits back to us: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

What does Warren Buffett recommend if he were your money advisor

Mr. Buffett holds stocks for the long-term—some, like Coke, for over 30 years. He says his holding period is forever just like index funds. He says he buys stocks at the lowest cost he can just like index funds. He says he buys stocks that have a ‘margin of safety’ from losses just like index funds. He says he buys American firms just like the S&P 500 index. He buys stocks of various industries—drinks, bricks, RR, jewelry, underwear, air plane rental and insurance—just like index funds. He buys stock when the price is low just like ‘dollar cost averaging’ index funds. He counts on compounding of earnings just like index funds. He buys stocks NOT being pushed by Wall Street just like index funds. He lives in the same home for over 30 years—just like you.  https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

You are more likely struck by lightning than find the next Amazon

If you listen to Wall Street promoters and cable smarties, you only have to buy their ‘projected winner’ to become rich. However, the actual odds are 1 in 43,000. Odds of lightning strike are 1 in 13,000. If you work for a new economy startup like Lyft, you have a better chance than being a brokerage firm customer. If you invested in your advisor’s choices, you have a 50-50 chance of losing money; not owning the next Amazon. Warren Buffett’s stock has averaged 20.8% a year for over 30 years. Of course he can’t guarantee the future so he told the executor of his will to put all his money in just 2 Vanguard index funds for his family. 

Your advisor’s guesses are not worth the cost: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Will you regret the new car you just bought?
People vote on the cars they buy by selling them the next year. The most regretted are those with the highest percentage sold after just one year. You save 20-30% when you purchase the 1 year left-overs with few miles. We don’t know why but here is the list:

Buick Regal                             Percent sold after one year: 10.7 percent

Chevrolet Sonic                      Percent sold after one year: 8.9 percent

BMW X1                                 Percent sold after one year: 7.8 percent

Dodge Charger                        Percent sold after one year: 7.7 percent

Mercedes-Benz C-Class         Percent sold after one year: 7.4 percent

Chevrolet Cruze                      Percent sold after one year: 7.2 percent

Nissan Frontier                       Percent sold after one year: 6.9 percent

All that glitters is not gold. See dependability ratings before you buy.

Save $600 a year—ask for your discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

GOP plans to win elections by limiting voting by minorities

Georgia like NC have passed state laws to cut voting by poor, black and other minorities. A Reuters survey found local governments in nearly a dozen, mostly Republican-dominated counties in Georgia have adopted plans to reduce the number of voting stations, citing cost savings and efficiency. Those voting stations closing ‘just happen’ to be in black communities. “There is a history in those states of using different strategies to cut voting in minority communities,” a rights lawyer said. "Hogwash," said Robert Haney, Upson County Board of Elections, denying that race was a factor in his board's decision. Some folks without cars will need to walk 10 miles. Arizona, Georgia, Florida and North Carolina are close voting states and last March in Arizona's Maricopa County, GOP made some voters wait in lines for 5 hours. GOP slashed polling places where more than 30 percent of residents are Hispanic. As NC Senator Pittenger said, “they hate white people, because white people are successful and they’re not.”

Republicans are using God to scared voters. One former Prez candidate warned this will be the last election Americans will vote for someone with "Godly principles." "I believe this is the last election. God 'raised up' Trump to win the election.  

Why blame God?

Prepare for medical expenses NOT covered by Medicare with cash

Alzheimer’s and dementia “represent 50% of all LTC insurance claims,” one seller says. “It’s now very, very expensive to get an unlimited policy, [so] many people are buying smaller policies with only three years of coverage,” says one seller. “Many people suffering with Alzheimer’s are physically healthy and may live many years,” she adds. The lower the inflation rider, the cheaper the premium.” But your policy benefits may be cut in half by the time you need them in 20 years. Insurers dropped LTC business when people lived longer and needed services. They have added more restrictions and caps on payouts. It’s harder than ever to qualify for LTC coverage and premiums have risen despite salesperson promises. You may pay $3,000 a year for 30 years and never use the policy. Policies cover only HALF medical needs.

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

Don’s Apology?: “Sometimes in the heat of debate, and speaking on a multitude of issues,   you don't choose the right words or you say the wrong thing. I have done that." 

Hill’s Apology?: “I just followed advice of Colin and other Sec. State before me.”

Don vs Hill 2016 – trigger happy?

Don:    ‘Obama was born in US’—I did birther to get attention--it worked. The BIG Con

            See, no downside to lying--re: black Prez. I could shoot someone on 5^th and win!

            I never apologize: I have lied for so long I don’t really know the difference. *

            I don’t care if Immigrants are helping Detroit get on its feet, paying taxes too!

            "… her bodyguards should drop all weapons" and "let's see what happens to her."

            Putin won his election by a lot—he must be doing something right—leadership!

            My kids are already working with politicos and head of Congress Ryan come NY

            My Foundation does not pay legal bills, avoid U. probe or help political folks.

            I would use “stop & frisk” even though it is unconstitutional in cities

            Don King speaks for blacks at my event – He makes us laugh at N____ again.

            My Catholic council head Cella did not mean me when he listed my unfitness:

Mike:   it's "nonsense" to suggest Donald Trump was inciting violence against Hillary

            “We ought to set aside this talk about institutional racism and institutional bias.”

Hill:    I didn’t think my cough, now pneumonia was going to be big deal—hiding it is!

           

Tim:    He’s inciting violence "at a minimum, expression of indifference to violence would occur."

            Don blames Hill for his Birther con after years of insult. Claims he ‘ended attack.

Regulators are the only protection we have since we can’t sue anymore

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill                requires impossible: every person in class action suffer “same type and scope of injury”)

               Supremes stop us from suing—State courts no longer available to sue corporations!

GM delays recall of 980,000 trucks with bad Takata air bags. GM killed 124 with delay

Fertilizer plant Mulberry FL leaked 215 million gallons of radioactive water to aquifer

Wells Fargo sued by customers for fraud, fees misleading and misbehavior fake accounts

Trump uses charity to pay off FL AG on ignoring U.: Con Man gets away with fraud?

Christie knew Bridgegate was his mess says US--Will he go to jail if Trump elected?

Wells Fargo chief needs to fall on his sword for allowing cheating of customers

1 million complaints against banks etc with new CFPB—we had no place to file before!

EpiPen gauging life-saving meds proves HEALTH care must be like gas, water, electric.

Prime Marketing Holdings caught charging illegal advance fees; misleading

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

Police want gun control.

When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has gun hidden. You and real criminals both have guns.

If you are black in OK, you get killed even with no gun, hands up, and after stun gunned. They assume you are a “bad dude”; don’t wait to find out. Later say “found PcP in car.”

SCAMS

Average retiree household spends $45,000 and most comes from SS benefits $25,000.

NC gov plants fake reporters and their questions at QA event to avoid real questions.

Wells Fargo customers may not get to sue for fraud since banks require arbitration of all.

Gas is gas and premium is not necessary—gas line rupture proves all gas is same

IRS says scammers sending fake CP2000 notices for tax year 2015 asking for money.

ignoramus Award: US breaks cease fire: mistaken U.S. airstrike kills 62 injures 100 Syrian soldiers. Defense official said the strike “appears to be an intelligence failure.”

How our government wastes our money

Feds mistakenly granted citizenship to at least 858 immigrants from countries of concern.

One fighter plane costs $178 million; 3,000 kids could go to college instead.

Where have all the jobs gone?

Drones have been crop dusting and fertilizing for years in Japan—Napa next?

Robot sheriff grabs gun from suspect- "The robot was a game changer here,” said Capt. Jack

Kmart closes 64 stores: 600 entry-level jobs gone.

Taxi & limo drivers replaced by robotcars in Pittsburgh; then nationwide: 5 mill in 10 yr.

Who owns your account now?

Goldfish size of football are trashing rivers in Australia—flush will cost you in water bill!

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Money for emergencies?

“I don't have the money”

How to Handle Your Financial Emergencies

Are you anxious about money? Are you afraid of what might happen if you had your transmission fail or your garage caught fire? Don't let a financial emergency kill your financial dreams. Many financial plans have been destroyed by an unexpected, huge, catastrophic event that catches you without money. If your spouse is in an accident or your home burned or you die, how will your family move on from the devastation? Most emergencies can be handled by a combination of cash and insurance. Because some events can have catastrophic impact on your life, you need insurance. However, having the wrong kind of insurance can destroy your life too. And certain situations demand cash since there is no or very expensive insurance available.

The right insurance can cost less; giving you more cash: https://www.amazon.com/dont-have-money-Financial-Emergencies/

Art collection is another way wealthy avoid taxes we must pay

When you own commercial real estate, you can “decorate” with expensive art works instead of inexpensive paint. Your art becomes a business expense. And if you ever get audited, you just pay the tax and fine but never have to admit guilt and go to jail like a poor thief. So when you are able to deduct your favorite luxury by having your company buy it for “business” use, you do it because there is little downside. Some use a “resale certificate” or fake firm in a “no-tax state” or offshore firm to avoid sales tax. No perp walk and no jail. Your lawyer’s fees are deductible too. Some of your peers may think you are just a “great business person” not a celebrity con man. You may delay taxes until you become in charge of the tax collection agency. “Audits” can go on for years.

Avoid paying the wealthy’s taxes: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

GOP says they want personal freedom—freedom to pollute … air, water, globe

Leaders of the new GOP are using profits from pollution to pay for eliminating regulations on polluters of all stripes. Koch Industries claims they want govt out of regulations but they are destroying Crossett, AR. E.P.A. records show Koch emits more than 1.5 million pounds of toxic chemicals each year, including numerous known carcinogens. They keep polluting after telling us they want to stop “government and corporations picking winners and losers, rigging the system against people, creating a two-tiered society with policies that fail our most vulnerable.” Koch has nearly bankrupted their home state when KS GOP cut taxes on all business. Meanwhile, Koch has taken $200 million in government subsidies—something they bitterly oppose in interviews with the press. GOP wants freedom without responsibility or cost.

Avoid paying Koch’s tax credits:  https://www.amazon.com/Your-Tax-FREE-Account-IRS-approved-shelter/dp/153735292X

Need a dependable SUV?

JD Power asked 33,560 original owners of 2013 model-year cars after 3 years of ownership about the problems they had experienced. Six SUVs were awarded with top honors in dependability in this year's study. In each vehicle class, owners judged on overall, power train, body interior, feature accessory. After 3 years you know you have a dependable ride. Some sellers actually certify 100 specifics on a used choice. Many 13s have the new working gadgets so you don’t have to break them in (and return for recall).

Don’t forget to ask for all 16 insurance discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

GOP attacks poor getting assistance yet they take tax credits themselves

Romney got caught denigrating Americans who get laid off or face huge medical bills and must use our safety nets—federal state and private. A new study shows that most of those Romney attacked got back to paying taxes the next year. And they pay all their taxes (33%) not like Romney, Kerry and the tax credit class that pay under 15% TOTAL tax. They reduce tax by giving money to nonprofits which provide them influence power. “Of the people who receive government assistance, about 44% stop receiving it the next year.” The tax-credit class use many devices and lawyers to receive government assistance big time. There are many layers of govt support. Some are documented by GoodJobsFirst, Shaxson, and Johnston. Most corporations can postpone taxes for their managers’ huge compensation so they don’t pay the 33% we pay but HALF that amount years from now. Businesses deduct many managers’ costs--dress, eat, sleep, fly, etc etc so not only do they not pay tax on the money to buy these things but costs reduce revenue and thus corp. taxes. Those like Charles Koch and Trump advisor Bachmann extol free enterprise but take govt subsidies. Our so-called ‘representatives’ make money from “insider-information” which is illegal for us to do.

Fight economic inequality—pay your fair share: https://www.amazon.com/Tax-FREE-Income-000-tax-free/dp/1477472584

GOP plays the same tune as they did in the Depression

Charles Koch has provided $900 million to push America to the right politically. This means more business freedom (less taxes) and less regulation (more pollution). GOP wants to cut IRS, food stamps, health care, and Social Security/Medicare (‘entitlements’). GOP wants to “turn back time.” During the Depression, Hoover and the wealthy believed private philanthropy was the key to feeding 25% of Americans out of work. They thought direct relief was un-American and unconstitutional. U.S. Govt could never feed millions of hungry people because “they would never look for work again.” “Ready food makes men soft” they thought. It encouraged idlers to live in cities. So local govt had to feed people but only ‘deserving’ people. Many Americans got sick: pellagra, rickets – malnutrition – with vitamin deficiencies. Red Cross wouldn’t feed Appalachians. MetLife claimed people ate too much anyway. Black sharecroppers got fewer rations than whites. NJ determined that “Eyetalians” didn’t need meat. Immigrants’ foods were discouraged. Well GOP, people went back to work to get a better life. No one likes poverty! They created the largest economy in the world by 1945. They will do it again despite GOP.

Americans are optimistic so a progressive not regressive view of life wins elections.

GOP platform: “restore Food Stamp program to 1964” “repeal ACA,” “no tax increase for SS” “vouchers for Medicare” “block grants for Medicaid.”

GOP wants ‘Socialism for the Rich’: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Don’s Apology?: “Sometimes in the heat of debate, and speaking on a multitude of issues,   you don't choose the right words or you say the wrong thing. I have done that." 

Hill’s Apology?: “I just followed advice of Colin and other Sec. State before me.”

Don vs Hill 2016 – trigger happy?

Don: Hill insults millions of Americans and wants to be Pres of all US.

            If I don’t win you will have “a whole different church structure.” Hitler said same

            “I ‘pledge’ health records soon”—my doctor note was scam fake wrong too short    I can give other people’s money as my own, get credit, and make money from it.

            Trump will NOT release medical records on the Oz show after promising.

            It’s ‘disgraceful’ that Ford sends jobs to Mexico and as Prez all I can do is yell.

            I don’t tell election officials of my hundreds of foreign deals. No conflict there?

            Junior’s warning of warming up the “gas chambers” for media was “misheard”

            “America Great Again” – some whites misunderstand what I mean or do they?

           

Mike:   Don will show all his personal taxes and health records “soon”

Hill: Half Don’s Americans are “deplorables”—racists, sexists, homo & xenophobes

            I have doctor’s note: just pneumonia; but my SS detail was not there Trumpers?

            Death threats: KY Gov Bevin warns “blood” needed to “redeem” US if I win.  

            RI GOP Chair Bell called me “subhuman” bec/ emails? Desperate fear?

            Don’s tax plan Trump Loophole gives business a 15% rate We pay 32.9%.

Tim: I am ready to help Bill run US if Hill gets sick—like Mrs Reagan in last years

Regulators are the only protection we have since we can’t sue anymore

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill                requires impossible: every person in class action suffer “same type and scope of injury”)

               Supremes stop us from suing—State courts no longer available to sue corporations!

EPA found Koch emits over 1.5 million pounds of toxic chemicals yearly  Crossett, AR.

GM killed another person with faulty airbag—recalls 4.3 mil cars—killed 124 before.

Don violated election law in FL Charlie Crist by using his own companies 3 times.

Bridgepoint Education caught selling expensive student loans to its customers.

House votes to ease disclosure rules for Wall Street tricks – pensions may lose money

States that did not expand Medicaid (poor) have uninsured rate double ones that did.

Charles A Banks Atlanta caught defrauding NBA Tim Duncan of $1million scheme.

“Whiz kid” Manny Bachus Wealthpire lies, faked trades, stole money--no jail

Genius Warren Buffett buying more Wells Fargo—Fed may save his big mistake

NC loses money in sports so some political correctness fans are happy

Fiat recalls Dodge Jeep Compass Sebring 200 airbags kill 3; hurt 5—don’t they test?

Samsung recalls 1 million Note 7s after burning 26 people—don’t they test battery?

We will bail out GOP again: GOP’s Flint water debacle – freedom w/o responsibility

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

Police want gun control.

When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot if you and robber has gun. They Shot a psych worker with his hands up while on ground. Police shot black homeowner who reported car stolen in front of house. No “shout out” “police” since homeowner has gun. They shoot first if black or deaf. Deaf man was fatally shot when he tried to explain in sign. An Oklahoma mom was arrested after she shot a man she found in her 16-year-old daughter`s bedroom. OK Police pepper spray NOT shoot 84 year old mom who didn’t move fast enough in HER home. 11-year old shoots another 11-year old playing at home with adults’ gun. Can a homeowner carry a gun and water their lawn?

Smart guns can only be used by owner but banned in states by NRA. Guns kill people.

SCAMS

VW picked 1 engineer to take the fall: top brass pushed and hid fraud CEO gets $8 mil

Galaxy Note 7 smartphones burn car and people: bad battery costs Samsung $ billions.

Welspun 100% Egyptian-cotton sheets are really not according to DNA. Stores fooled!

20 cars losing value so fast you need to buy the 1 year old version and save 40% off list.

Wells Fargo moved customer money for fees: sales exec Carrie Tolstedt got $124 mill.

ignoramus Award: Marines burn Muslim recruit in clothes dryer: abuse/racist/sadist?

How our government wastes our money

$4.4 Billion for just one destroyer – Navy tried to kill it after flaws found 20 yrs late

Zika spreads by precious bodily fluids so will cost more: Congress sits on $ to stop it.

MO cuts taxes to special interests like KS and schools suffer

We pay 50,000 military to sit in Okinawa and Okinawa doesn’t want them anymore

GOP blocks plan to shut down Guantanamo wasting $5 billions plus ISIS market tool

Where have all the jobs gone?

The nature of current tasks shifts away from repetitive toward people-oriented tasks.

Call center staff replaced by AI software for insurance quotes.

Advisors and assistants replaced by AI for “smarter investment decisions” at insurer

Car insurance agents replaced by AI for standard coverage on common cars. China?

Iphone7 can make digital negatives with 2 lenses—SLR camera makers lay offs?

5,300 bank sales fired for doing Wells Fargo ordered – make exec Carrie Tolstedt rich

Ford follows Audi to Mexico to build cars and cut expenses raising profits less tax too.

Who owns your account now?

Median household income 2015 was $56,516, an increase of 5.2 percent from 2014.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Network companies learn how to avoid ALL taxes so we pay theirs

Airbnb and Uber show how companies may avoid ALL taxes—we will pay theirs

“The nature of their business and the structure of the companies can allow them to essentially keep all of their profits out of the U.S. Unless the tax systems find a way to deal with this, the lost revenue may be enormous,” one former Treasury lawyer said. As one former 1%er said, "We don't pay taxes. Only the little people pay taxes." If you run a business, you can deduct almost everything you do. Don has obtained financing for many real estate projects. Real estate requires a lot of expenses to develop, build, and maintain. Almost everything Don touches (hair, hair spray, office, home office, jets, choppers, clothes, entertainment, travel, restaurants, golf, etc) is a business expense. If your revenues are $ millions and your deductions are $ millions, your taxes are ZERO. ‘Real estate LLCs can generate enormous losses, even with millions in revenue, because of depreciation, interest payments, real estate taxes and operating costs.’

Avoid paying their tax bills: https://www.amazon.com/Tax-FREE-Income-1000000-tax-free/dp/1477472584

Is a US tax shelter right for you?

America’s working people are the only ones without a tax break. We pay 33% while the rich pay 17% or less. Warren Buffett pays only 17% total tax! Mitt Romney and John Kerry pay less than 15%. Many corporations like Apple and Google hide income in corporate shells and pay under 10%. Your tax-FREE account provides an extra 30% to your nest egg. $9 a day in your IRS-approved tax shelter can provide ALL $500,000 in 28 years. Ten of Vanguard’s best mutual funds can earn 10-12% over time in a tax shelter just for working people. Compounding, the Warren Buffett Investment Secret, provides the power that turns your $84,000 deposits into $1/2 million. If we owned a business, it would take a lifetime to create a comfortable retirement. Buffett’s compounding strategy requires you do nothing—let your money work for YOU. If you “manage” it, you lose the compounding factor. So investors with managers earn only 3.79% compared to 11% with Buffett’s “holding period is forever” strategy. You spend ALL of the 11% returns—no tax. Your Tax-FREE account is an IRS-approved tax shelter.

Get started today at no cost:  https://www.amazon.com/Your-Tax-FREE-Account-IRS-approved-shelter/dp/153735292X

What do you want your retirement years to look like?

When you are working and have income, you have a chance to shape your later year’s lifestyle. You can choose NOT to ‘just survive.’ Social Security runs out in 17 years so you need to make a plan. This site, cheatsheet.com helps you see the picture clearly. Whatever you currently earn, you will earn less then so you need to plan now. It takes 20 years to build a business or create a $200,000 Wealth Reserve that is tax FREE. That would provide about $1400 per month for 20 years without inflation adjustments.

This SS replacement/supplement is tax-FREE and costs nothing to set up: https://www.amazon.com/Your-Pension-Box-tax-FREE-employer/dp/1481945157

Supremes ready to exclude black voters—a racist court?

Because Roberts, Kennedy, Thomas and Alito were willing to overturn NC court’s voiding of voter suppression measures to exclude blacks from voting, Scalia is being missed by GOP leaders today. Scalia would have sealed black voter suppression in NC and perhaps other states. Supremes would overturn a unanimous panel of the 4th Circuit on July 29 who agreed with allegations from the Justice Department and civil rights groups that North Carolina’s bill selectively chose voter-ID requirements, reduced the number of early-voting days and changed registration procedures in ways meant to harm blacks." The Richmond Court of Appeals found the NC law unconstitutional: “Upon receipt of the race data, the General Assembly enacted legislation that restricted voting and registration in five different ways, all of which disproportionately affected African Americans.” NC changed vote rule after the Supremes decided a Voting Rights Act void.

The Supremes (with Scalia) would have found discrimination constitutional like 1903.

Did you forget to collect former employer benefits?

Many retirees have found pensions and 401ks that they failed to collect when they retired. Years into retirement, while cleaning out old papers, I came upon a letter from one of my former employers. This Wall Street firm had collapsed and we employees had become part owners in lieu of pension. The letter told me a small annuity/pension was purchased from an insurer. I contacted them and started my benefits. They would never have told me they owed me money. 60 minutes recently highlighted this scam by insurance companies—keep life and annuity benefits. In another situation, I had forgotten I had contributed to a 403b as a temporary worker with a not-for-profit 35 years ago. They were still able to find my records and start paying me my benefits. In a third case, I forgot I had left money in an IRA account with a national fund firm. I transferred the cash to my current IRA trustee and invested it as Warren suggested.

Warren Buffett is my advisor: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Why your advisor hates Obama’s fiduciary rule

A fiduciary is one who “acts in your best interests.” Why do lobbyists call it “government at its worst?” You thought your advisor was unbiased all along. Well no, not really. Advisors are sales people. Their job is to sell what their firms tell them to sell. Every firm has manufacturer contracts to meet their revenue and profit goals. They do it by commissions, fees, charges and bribes (“soft money”, bonus, incentives, etc). This rule only applies to retirement products. Some vendors are moving from variable annuities to “managed” accounts. Some are dumping their retail units. Some a suing Obama saying the rule is like forcing a Chevy salesman to send you to Ford if it’s better for you. Sounds like Miracle on 34^th Street where Macys found out that helping customers get the best is profitable.

Pay less, get more: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

GOP reneges on America’s promises

Pres Truman brokered an agreement to guarantee miners’ lifetime health and retirement benefits in 1946 but GOP leader McConnell, a staunch defender of his home state’s coal industry, blocked the pension measure that some Republicans warn amounts to a bailout. Sen. Sherrod Brown, D-Ohio, said McConnell has blocked the bill “because he doesn’t like the United Mine Workers union,” which endorsed McConnell’s Democratic opponent, Alison Grimes, in the 2014 election. The pension measure is paid for in part through a fund used to clean up abandoned mines left to pollute the community by for-profit coal companies. GOP did not mind supporting government bailout of Wall Street. Koch Bros creating next GOP generation learn to take “free-market” govt subsidies.

GOP supports ‘Socialism for the Rich’: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Is a “Structured certificates of deposit” right for you?

Mary Bailey, a 79-year-old widow, MA, gave her grandchildren a gift at her Citizens Bank where a financial adviser sold her on a “newfangled $100,000 certificate of deposit.” It would, he said, double her savings in six years. So she was irate when her first statement showed the CD’s value had fallen to $95,712, thanks to upfront fees. “This was not a CD as I know a CD,” Ms. Bailey says. It is a "GS Momentum Builder Multi-Asset 5 ER Index-Linked Certificate of Deposit Due 2021," linked to a Goldman Sachs proprietary index. ("Proprietary index" is a cool way of saying "exotic derivatives.") The sales documents "run to 266 pages (calculus, backtested, flowcharts, etc)." "Ms. Bailey says she didn’t read the documents." Come on ! Bankers are salespeople first.

Enough Wall Street BS: https://www.amazon.com/Money-Scams-2014-insurance-financial/dp/1505437962

CA court says OK to cut your pension

A contract pension is a legal promise. That belief, which has guided officials as they deal with mounting bills to cash-strapped retirement plans, was shaken in August when a state appellate court said benefit cuts are permissible if the pensions remain "reasonable" for workers. The case in Marin County, a community north of San Francisco that’s among the wealthiest in the U.S., centers on the formula for calculating retiree payouts. "Going from an absolute ’no’ to a ’yes, if it’s reasonable’ is a huge shift in the political debate as well as the legal debate," former mayor Reed says. "In order to save their jurisdictions from insolvency, some systems will be motivated to try to make some changes." Their “reasonable” is less than yours, I bet. Wealthy people don’t pay for promises.

Start saving all over: https://www.amazon.com/Dont-leave-work-without-Retirement/dp/1511980982

 

Pick your best deal—reliable 3-year old ride makes best buy

With mileage under 60K, used reliable cars are 30-40% off their list prices. You are paying for proven reliability. Some have warranties or certified status. JD Power asked real owners to rate their overall and specific conditions. Chevy and other GM vehicles have bested some foreign nameplates (most are made in US) via engineering turnarounds. Malibu beat Camry and Accord for top prize—shocking change will bring improvements.

Lexus and Prius still hold premium with owners but MINI has improved ratings.

Don’t forget your discounts too: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Don is right: Christianity is under attack by … spiritualists

The number of Americans who claim no religious affiliation has nearly doubled since 1990, rising from 8 to 15 percent. To the surprise of liberals who fear the advent of an evangelical theocracy and to the dismay of religious conservatives who long to see their faith more fully expressed in public life, Christians now make up a declining percentage of the American population. Yet, the rising number of religiously unaffiliated Americans are people more apt to call themselves "spiritual" rather than "religious.” Christianity tied itself to political beliefs and lost “independent” believers. We want kids to learn evolution not Bible myth, salute stars and strips not confederate treason, love people not things, love freedom to chose not other person’s dogma.

After institutional religion’s bickering is over, we can get back to:

“Love one another. As I have loved you, so you must love one another.” John 13:34

Don’s Apology?: “Sometimes in the heat of debate, and speaking on a multitude of issues,   you don't choose the right words or you say the wrong thing. I have done that." 

Hill’s Apology?: “I just followed advice of Colin and other Sec. State before me.”

Don vs Hill 2016 – lesser evil?

Don:    My advisor, Bachmann: “2016 will be last election” for GOP if Hill wins.

            “I think people don’t care” about tax returns—so just release and move on.

            My advisor Carson: “It would be good idea to apologize for being a birther”

            Putin is a better leader than my country’s president—is that treason talk?

            “I was always against the Iraq war” except on Howard Stern’s show. “So?”

            “The [US] media has been unbelievably dishonest,” Russia’s RT eats it up.

            I don’t want to be president, just “listen to my meaning.” I just used $55,000 in campaign donations to buy copies of my book at full retail price. Boost my book ratings.

Hotel booking firm Hipmunk reported its reservations for Trump hotels are down nearly 60 percent from 2015. Don may be the new President (Fox News?) in 2017.

Mike:   Don changes deportation promise: “new and reformed immigration system”

            I like Putin for leader too. Look at his poll numbers Don’t look at Don’s negative

Hill:    I don’t know what’s “classified” without the “header” “CLASSIFIED”

            Forbes: FBI report shows Clinton was honest: emails about press cover of drones.   

            Collin showed how to operate email via private server—he did it all the time.

            Don allied himself to Putin—pull out of NATO! He has attraction to dictators.

            Don "clearly has something to hide" or he would release taxes and get on with it.

Tim:    DallasNews endorses Hill since Don is no GOP or conservative but Trumpism.

Johnson: “And what is Aleppo?” a confused Johnson replied when asked about Aleppo.

             “You’re kidding,” Barnicle said, flabbergasted, to Pres candidate. 

Regulators are the only protection we have since we can’t sue anymore

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill                requires impossible: every person in class action suffer “same type and scope of injury”)

               Supremes stop us from suing—State courts no longer available to sue corporations!

1,100 residents East Chicago sickened by toxic lead arsenic exposure du Pont AtlRichfd

Norfolk has huge vertical rulers beside low spots to measure flooding streets undrivable.

Tybee Island road is disappearing, Ft Lauderdale ‘vacuums’ floods, Miami Beach fees.

ITT Technical Institute closed after Ed withdrew federal financial aid—discharge loan?

FL AG Bondi halts probe of Trump U and gets her fundraiser at Trump club FREE.

TX AG Paxton halts probe of Trump U squashing case by Consumer Protection Chief.

Impeach IRS Dir, then what? Congress writes new tax code? Rich pay only 15% now

TX caught “misleading” voters on new ID regs so Dems can’t vote

Wells Fargo caught using your money to open accounts for sales bonus and fees

Fed asks Congress to keep Wall Street out of commodity ownership biz for $ safety

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

Police want gun control.

When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot if you and robber has gun. They Shot a psych worker with his hands up while on ground. Police shot black homeowner who reported car stolen in front of house. No “shout out” “police” since homeowner has gun. They shoot first if black or deaf. Deaf man was fatally shot when he tried to explain in sign. An Oklahoma mom was arrested after she shot a man she found in her 16-year-old daughter`s bedroom. OK Police pepper spray NOT shoot 84 year old mom who didn’t move fast enough in HER home. 11-year old shoots another 11-year old playing at home with adults’ gun. Can a homeowner carry a gun and water their lawn?

Smart guns can only be used by owner but banned in states by NRA. Guns kill people.

SCAMS

Hackers use SS7 system to collect our data on smart phone—delete bank, card info now!

96% of the universe is not seen or detected—everything we see is made from 4% of it.

GM settled with the last two families of 124 people killed by their bad ignition switch.

BlackRock largest asset manager: investors should factor climate change into decisions.

Cruise ship captain again fails to listen to the weather forecast—you get sick for FREE

Britain builds concrete wall around French port Calais to prevent immigration to GB

Ignoramus Award: So much for religion—Isis banned burka in N. Iraq after its commanders killed by female fighters. Isis used to kill women for NOT wearing burka

How our government wastes our money

$1 billion for private facilities that hold roughly 20,000 immigrants in custody daily. 

$2 billion to Boeing in performance bonuses for defense system that fails 6 of 11 tries.

Congress stops fighting Zika putting millions at risk—later costs bigger than AIDs

$800 million probe on an mission to land on an asteroid to see how they travel

War in 6 countries using bombing-runs that cost $500,000 per hour. 10,000 troops.

Nearly half the country thinks we are less safe than before the 2001 attacks

Where have all the jobs gone?

Insurers of all sizes are being forced to attract workers with skills in advanced computing.

Robot security guards? “Once it gets arms,” says one guard, “it'll replace all of us.”

Growth of mobile market fuels outsourcing and automation for all industries

Who owns your account now?

Deutsche Bank Wealth Management to Raymond James’ Alex Brown brand

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

Apple gets tax bill from Europe NOT US

Apple gets bill for back taxes from Europe not US

European Commission ruled against Ireland's tax dealings with Apple and Dublin will recoup back taxes. Apple and other corporations have been playing the “move legal address” game to avoid taxes in the US and other countries. The EU demanded $14.5 billion and said that a special scheme to route profits through Ireland was illegal state aid. "Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years," EU said. As of June, Apple reported it had left $214.9 billion in foreign subsidiaries so it pays only 10% to US. Many like Amazon, McDonalds and others hold cash oversees to avoid taxes which we must make up for. IRS dead. Thanks to budget cuts, audit rates have plummeted, especially for the biggest corporations, with armies of savvy tax accountants. Criminal tax prosecutions have nose-dived, too. No one fears tax man except working people. “Only little people pay taxes.”

Avoid paying their taxes: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584

Is investing a fixed dollar amount each month right for you?

You can buy 100 or 1000 shares when your broker calls or you can set up an automatic fixed amount to invest every month. Which is better for you (not your broker) over time? If you are on salary, you need to fix your monthly expenses so you don’t overdraft when you spend. This chart from BlackRock shows you how to pay the least amount for a security or mutual fund share over time. Clearly you end up with more shares in a volatile market when you use “dollar cost averaging.” BlackRock also shows you why market timing is a Wall Street myth: you miss 5 days—you lose. Tell your broker to take a hike.

Think of all the commissions and fees you will NOT pay. Give yourself a bonus:

https://www.amazon.com/Funds-ETFs-Best-your-goals/dp/1537217267

Are you considering Target Date Funds?

When you decide to invest, the easiest decision is to buy Target Date funds from a large discount seller like Schwab or Vanguard. But which one? There are many choices of mutual funds so it is hard. This analysis by Mr Ping makes it easier. http://www.mymoneyblog.com/schwab-target-date-index-funds-review.html

He has laid out the options and costs. You pick a retirement date closest to your retirement target and you put all your contributions on automatic. You are done. There is no worry: No market-timing, rotation, or tax loss harvesting. It is all done for you.

And you can even make it Tax-FREE: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Are Vanguard’s low-cost investments right for you?

Vanguard has saved investors $1 Trillion in fees and charges according to Bloomberg. That includes forcing the industry to reduce costs for all kinds of investments. Vanguard’s structure has made it possible to offer the Best for Less. The investors own Vanguard—there is no for-profit management company to pay. For instance, the head of Fidelity, Abigail Johnson takes home $ millions every year no matter how much she makes for you. She is now #16 on Forbes list with $15 billions. Her daddy "Ned" Johnson III did not do badly either from your fees. And her grandfather before either. Since cost is the best predictor of success in investing (not manager longevity), you may find their offers of index and managed funds, ETFs, and Target Date funds best overall. Plus, there are no commissions: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Did your loved one leave you a life insurance benefit?

Like most people, you probably don’t know if there was one or not. It may be worth your time to find out. Even if it is 5 years old, you may still be able to claim the benefits. You need to find any records like check register or checks to an insurer or just their name and DOB and state. Use the Insurance Commissioners site to learn how to find it. http://www.naic.org/documents/consumer_alert_locate_lost_life_insurance_benefit.htm

The Commissioners are trying to make it easier, especially given the scandal 60 minutes created when they told us that insurers were pocketing many benefits themselves.

In case you want to know if you still need one: https://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178

Vanguard reports the average retirement account toped $100,000

The average workplace retirement plan balance topped $100,000, having nearly doubled from 2008. However, because this includes some really fat accounts that push the average up, the more likely situation, the median balance, is just $31,396. This situation is also a result of the stage of the Vanguard participants. If most are just starting careers, the median reflects this. Many savers will have time to improve their situation if they use low-cost stock funds at Vanguard. Studies have shown that allowing their balance to compound without trading can double it every 7-9 years. Earning 11% in an index fund not 3.79% in a managed account can create a comfortable retirement egg and income.

It’s your money—Keep it: https://www.amazon.com/Win-Investment-War-Earn-11%/dp/1522916369

Kelly Blue Book picks best SUV under $25,000.

Full List is below. Remember, the 3-year-old version may be a better buy since they have usually worked out the recalls/wrinkles and 40% off discount with mileage under 50K. I just got a loaded 2013 Subaru Outback for under $21,000 (w/ tax title docs) with 54K miles and one owner. It has 100K-7 year warranty too.

1. 2016 Honda CR-V
2. 2016 Mazda CX-5
3. 2016 Hyundai Tucson
4. 2016 Kia Sorento
5. 2016 Subaru Forester
6. 2016 Honda HR-V
7. 2016 Toyota RAV4
8. 2016 Nissan Rogue
9. 2016 Jeep Renegade
10. 2016 Jeep Wrangler

Don’t forget to add the cost of insuring a NEW car: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

What will you do when Social Security runs out in 2034—17 years from now!

The Trustees project that the combined trust funds will be depleted in 2034, and we can’t count on GOP Congress to fix it. Many seniors will need to go back to work or ask their GOP-run state reps for a hand out. GOP does not like tax increases even to fight diseases like Zika—(they went on vacation). High income people do not pay SS taxes on pay over $118,500. Some intellectuals want to raise the retirement age to 76 so fewer collect. They advocate high-cost annuities to replace SS spousal benefits. So how can we prepare? We can save and invest for a rainy day, tax-FREE, like the rest of mankind. If you are near retirement, maybe you should reconsider. If you are going to take it SS now, check your options first.

Maximize your SS benefit: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

Supremes ready to exclude black voters in NC—a racist court?

Because Roberts, Kennedy, Thomas and Alito were willing to overturn NC court’s voiding of voter suppression measures to exclude blacks from voting, Scalia is being missed by GOP leaders today. Scalia would have sealed black voter suppression in NC and perhaps other states. Supremes would overturn a unanimous panel of the 4th Circuit on July 29 who agreed with allegations from the Justice Department and civil rights groups that North Carolina’s bill selectively chose voter-ID requirements, reduced the number of early-voting days and changed registration procedures in ways meant to harm blacks." The Richmond U.S. Court of Appeals found the NC law unconstitutional. “Upon receipt of the race data, the General Assembly enacted legislation that restricted voting and registration in five different ways, all of which disproportionately affected African Americans.” NC changed vote law after the Supremes decided a Voting Rights Act void.

The Supremes (with Scalia) would have found discrimination constitutional.

Don’s Apology?: “Sometimes in the heat of debate, and speaking on a multitude of issues,   you don't choose the right words or you say the wrong thing. I have done that." 

Hill’s Apology?: “I just followed advice of Colin and other Sec. State before me.”

Don:    Citibank says if I win it will “cause global recession”—we need bank shakeup!

            My doctor wrote exactly what I needed him to write—I will be greatest prez ever

            I asked the Hannity mob whether “criminal” immigrants get deported. What?

            I told you it’s fixed: foreign hackers have broken into two state election databases

            That 1973 discrimination suit was a long time ago and I admit nothing in consent!

            Joe Scarborough gets no interviews since using this tweet: #AmnestyDon

            I met with Mexico to get the Wall started—they pay so they build on their side?

            Mexican pres has compared Trump's "strident rhetoric" to Hitler and Mussolini's.

            I don’t want to be president, just “listen to my meaning.” I just used $55,000 in campaign donations to buy copies of my book at full retail price. Boost my book ratings.

Mike:   Don has been "absolutely consistent" on how he'd treat undocumented immigrants

            Press: I gave $24 million to 10 companies that offshored jobs; I lost more IN jobs

            Yes, Don’s plan means even a Texas high school valedictorian would be deported

           

Hill:    Don is moving toward “path to citizenship” no wall, no deportation, no plan.

            I only used a few tax dollars to pay for my server and foundation—no big deal!

            Don hired attack dog Bossie to come after me again—more mud slinging!

Tim:    Don has 120 foreign deals going—how can he deal China if he owes them?

            Don may be house rich, cash poor: we don’t know his real creditors/obligations.

Regulators are the only protection we have since we can’t sue anymore

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill                requires impossible: every person in class action suffer “same type and scope of injury”)

               Supremes stop us from suing—State courts no longer available to sue corporations!

Investment firms caught making false claims on AlphaSector ETF—Never beat Index

TX judge: 3 professors can NOT ban guns from their classes--but more guns=more death

GM switched to Takata air bags to save money and killed 14 knowing less stable inflator

Both United pilots drunk caught after crew alerted police before takeoff—Scots law too!

Caldwell International Securities TX caught letting brokers churn customer accounts

Texas’ attorney general has sued a TX county that tried to ban guns from its courthouse. 

SC killed millions of honey bees as part of a spraying program to kill Zika: who’s boss?

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

Police want gun control.

When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot if you and robber has gun. They Shot a psych worker with his hands up while on ground. Police shot black homeowner who reported car stolen in front of house. No “shout out” “police” since homeowner has gun. They shoot first if black or deaf. Deaf man was fatally shot when he tried to explain in sign. An Oklahoma mom was arrested after she shot a man she found in her 16-year-old daughter`s bedroom. OK Police pepper spray NOT shoot 84 year old mom who didn’t move fast enough in HER home. 11-year old shoots another 11-year old playing at home with adults’ gun. Smart guns can only be used by owner but banned in states by NRA. Guns kill people.

SCAMS

GM knew Takata air bags were dangerous and still killed 14, injured 100s—GM liable?

Takata airbag parts exploded on a Texas road killing 1 person nearby—powerful airbags!

Don’s Wall is useless: Mexico police found hidden tunnel from Sonora to Arizona

EpiPen now reformed and wants $300 “in several weeks” instead of $600

Koch pushing GOP to stop govt from staying open: another costly govt shut down 9/30?

Cinema where 12 were shot claims survivors owe $700,000 because they sued Cinema?

Ignoramus Award: Weiner with his son! in bed sending Xpictures public—needs cure?

How our government wastes our money

$400 billion F-35 fighter jet is the future it’s official testers have many concerns.

$36 B: “it was clearly premature to include so many unproven technologies" on carrier.

$18.3 million stolen by Patent office workers: covered by management and no jail time!

SC killed millions of honey bees as part of a spraying program to kill Zika: who decided?

Where have all the jobs gone?

Drones now patrol tracks looking for cracks/breaks/repairs and verify insurance claims

Mike Pence: I gave $24 million to 10 companies that offshored jobs; I lost more IN jobs

What happens when the paying jobs Trump promises to come back don’t come back?

1,100 $16.10 jobs KY making electric motors to $1.75 Mexico—Trump restores job?

Walmart automates: 7,000 back-office jobs in accounting and invoicing positions to sales

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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