How to get your retirement fund back on track

How to get your retirement fund back on track

For those of us who have jobs, the most important fact is that no one knows what will happen with our investments. Forget trying to time the market or taking anyone’s advice about the next big thing. We are not going to refill our retirement fund quickly. This event will have HUGE unforeseen consequences. Instead of putting our faith in one person—broker, advisor, neighbor or newsletter—we must hold fast to the market growth over time. The market is down 8% so far this year. A balanced fund is down 2%. Since there is no silver bullet, patience must be our watchword. If you are waiting for your job to return, resist the impulse to raid your 401k or other retirement fund: You give up all your future compounded earnings. Exhaust all the other alternatives first: cut expenses, claim refunds on ongoing contracts, sell what you can, ask for help from employer, landlord, creditor, etc. Last crisis, we lived on credit cards instead of touching our retirement fund. Cash-out your old savings bonds. They probably aren’t earning interest anymore. Loans on cash value life insurance are more expensive than using it for loan collateral. Sell one of two cars. Use your ‘Go to Hell’ fund.

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

Conservatives want Free-market capitalism

TV star Glenn Beck says conservatives want free markets but do they really? Beck would not be able to right off his expenses as deductions thus lowering his taxes. He would not be able to obtain subsidies for his operations—subsidies we tax payers have to pay for. Free markets praised by conservatives brought us dirty water, air and violence. Richard Nixon had to create the EPA to control them. When companies are free to pollute, they do, move on and then our taxes have to clean the pollution. When companies are free to manufacture unregulated/tested products they kill us. GM killed over 100 because of a $2 faulty ignition; Purdue killed thousands with addictive opioid; NRA promoted guns as mainstays for manhood so America’s unarmed deaths by gunshot soared. Beck makes up stories to satisfy those Americans who feel left behind, left out and left alone. His theme that socialism is a costly and dangerous failure that leaves desperation, poverty, and bodies in its wake is exactly what we have in American’s poverty life. In our capitalist system, the poor are hungry, alienated, and without health care. The rich move their money overseas so they don’t have to pay their fair share of taxes. Check the list of subsidies that we taxpayers have to give large corporations so they can have more money. Even the private jets get paid for by us. America has socialism—socialism for the rich.

Stop paying so they can have more: https://www.amazon.com/Americas-Socialism-Rich-little-people-pay/dp/1535218584

Scared people buy annuities: which is right for you?

Indexed annuities sales grew by 44% over the first quarter of 2019. Indexed annuities offer some protection against stock market losses, as well as the potential to profit from the market’s gains. While investors could benefit from gains in the stock market, the annuities also guaranteed a minimum rate no matter how poorly the market performed. Insurers don’t lose money so that guarantee comes at a hefty cost. Fixed annuities are like a bank account with a fixed rate of return. You earn less because the insurer’s current bonds pay less. Variable annuities provide performance based on an underlying portfolio of mutual funds. You pay fees for the annuity and for the funds so the value can fall over the short term. You have costly tax-deferred growth and a death benefit. Finally, immediate annuities pay a fixed amount starting the next month. They guarantee that amount for your life so inflation can cut your real income in HALF over 20 years. Annuities are almost impossible to cancel so they are used to supplement your retirement incomes. The bulk of your retirement income should be from a balanced mutual fund: stocks for growth; bonds for income. Some funds have low fees so you earn more.

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

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

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

If it takes a village, the village idiot is in charge: “metrics up here” (his head)

Mobster declares: “We have the right to do whatever we want”

What our prez should sound like

'vaccine or no vaccine, we're back': 90,000+ deaths

“Testing overrated” “needlessly drive up the numbers”

Mobster gets money to destroy our world

States sue Mob’s EPA to un-destroy world

More Trump felons go free

A crisis brings out the worst in would-be dictators: Easy to end democracy

Department of Justice becomes political tool of ‘The Leader’

All the independent Inspectors-General have been fired

Anti-democracy judges approved by Senate

Anti-voting laws enacted in GOP states

National emergency powers

Lying kills a just world

How Govt wastes our money: Congress spends another 3.7 Trillion we don’t have! 

Another corporate socialism giveaway: business loans forgiven for the well-connected

How foreign corporations get our tax money for virus bailout: Arthur Levitt: lobbyists!

Trump holding back ½ TRILLION virus relief money: for friends/family; private jets?

Trump donor becomes his advisor on reopening: money buys power: donor gets $1.3 B

Like 1930s, immediate jobs with pay are needed economically and emotionally.

Biden: “I’m not Trump or Obama” What does that mean for our future?

Trump gives C-19 drug-making $1 billion contract to company started in Jan. Payoff?

96,000 dead: when do we start testing: you can only get test if you already have virus symptoms.

CDC: more than a third of coronavirus patients don’t have any symptoms at all, 40% of virus transmission happens before people feel sick. 

SCAMS/SPINS:

TX virus cases explode by more than 1,800 in a single day: back to work/death

FL reopening w/o tests: data on virus cases has been deleted by new Gov’s team

Reopening increases virus: close contacts makes pandemic real for newly infected

New C-19 cases temporarily stopped production at two Ford plants — two days after reopened. 

Trump screws National Guard out of benefits: helping with virus benefits cancelled

Live free and die: Trump’s Health Officer promotes sickness for election

Trump followers believe WH propaganda: virus, cures, work, media, science

Twitter messages are from fake people: bots spread misinformation, lies

Trump’s FDA says his friends, GOP VIPs, will get the vaccine first.

Trump: change death count so fewer people die: Trump decides if you died of virus!

Insane Son Eric: Virus is Dem hoax: vanish after election: deaths are not virus deaths

GOP states are destroying DEM voters’ registrations: only way to win in Nov.

TX halts mail-in ballots for DEMs : Trump is against mail-ins for DEMs: OK for self

But Trump does NOT spend 184 days in FL so voting as absentee resident is illegal!

Trump already agreed NOT to live at MarLargo: Club status in question.

Trump withholds virus money from MI for sending out ballots: Is it legal? NO!

Hackers use our SS numbers to claim unemployment for employed folks: state loss

Fake car dealers/shippers take money up front for low-cost cars: Not real cars

Currency scams are old: people still fall: Check reliable sources: EG: Dong Dinar

Now time for Gold? buy at high prices guarantees a loss in time.

Class-action suits to recover your prepaid expenses: gym, airlines, events, etc etc etc

Scammers use church lists to ask for money in name of clergy: folks never check clergy

Scammers use fake photos to mislead, confuse and make us do stupid things. Putin?

How to verify a (conspiracy) theory is true: trust researchers; less biased? fake news?

NJ dispels fake news rumors and disinformation C-19 plus phishing, malware, fraud loan

Trump family caught scamming poor and vulnerable teens looking for biz opportunity.

Real estate buyers with cash wait for sellers to cut prices: low mortgage rates

CEOs Are Cutting Millions Of Jobs Yet Keep Their Lofty Salary and Bonuses: Bailouts

Merrill Lynch caught unregistered exec runs brokerage unit: fine, no suspension

Morningstar Ratings caught failing to separate analytical function from sales/marketing

Jobs

James Cash Penney closing some stores: Apple retail head failed to upscale it.

Priest uses holy water squirt gun to bless cars as they drove by. Really??

Obama on our future: We have to make it.

Pier 1 closing its doors forever, shutting down 540 stores after failing to secure a buyer 

Who owns your account now?

$15 T-Mobile unlimited plan has a surprise

Eviction protections? State and Fed help may save you

Money market funds close as rates too low to support fees: low-cost funds benefit

Miracle:

Nasal swab tests less accurate: through the nose into the throat. The kits will cost $135. 

Potential vaccine generated an immune response similar to that in people who recovered.

Some feel virus is a sign that we have lost our humanity: Changes must be made.

Free financial advice legit planners volunteer: https://www.napfa.org/hub-for-help

More clerical child sex abuse lists in Poland: John Paul’s legacy has been stained forever.

Is treating yourself smart Hydrox pills can trigger serious cardiac side effects Pence not on pill.

Virus reopening getting restaurants to clean bathrooms, finally.

Antarctica: snow turning green from climate change

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

What can you do with your bankrupt stock?

Will we pay higher taxes to continue subsidizing the rich?

Even Wall Street execs know that taxes will go up to cover the debt Trump created with the 2017 tax breaks. Finance billionaires benefited more than just about anyone from President Donald Trump’s massive tax cuts. “Taxes have to go up -- and it will go up at the upper end,” Leon Cooperman, the outspoken hedge fund veteran. The 2017 law slashed corporate rates to 21% from 35%. That has since helped the nation’s biggest banks churn out record profits and given a boost to rich Americans despite Trump’s promise that they “will not be gaining at all.”

Quit paying for their taxes: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Is this socialism or capitalism?

Government subsidizes food products so big farms always have profits

Gov gives tax money every year to oil, gas and mining companies Bonus year 2020

Gov gives tax money to wealthy farmers NOT to grow food

Gov gives tax money to wealthy Congress people who claim as ‘farmers’

Gov gives cheap loans to huge companies to make profit on sales worldwide

Gov gives subsidies to banks (even foreign) to assure them of profits

Gov gives tax money to bailout financial firms that made bad gambling bets

Gov gives tax money to any industry that has lobbyists to help elect our Reps

Gov allows certain Reps to use insider information from job to profit

Gov helps the most profitable companies: they have lobbyists who guide Reps

Which Gov uses tax money to enrich the rich? Russia, China or America?

All three: https://www.amazon.com/Americas-Socialism-Rich-little-people-pay/dp/1535218584

Will Trump cut SS benefits to cover his 2017 tax break deficits?

Social Security and Medicare would be on the chopping block in a second Trump term. Pointing to rising deficits, Republican senators have all but promised to gut entitlements if Trump gets four more years. Sen. John Barrasso (R-WY) was even more optimistic. “We’ve brought it up with President Trump, who has talked about it being a second-term project,” Barrasso said. Senate Leader Mitch McConnell (R-KY) has made no secret of wanting to cut Social Security. In his 2016 campaign, Donald Trump said bluntly, “I’m not going to cut Social Security like every other Republican.” However, we know from our daily experience that Trump often says what is expedient at the time. Surprisingly, Dems are not using the issue to hold Congressional seats. The greatest irony in Republican’s “starve the beast” mentality is that Social Security does not even affect the deficit. So perhaps it’s not really about the deficit after all. Luckily, Trump can’t sign an order to cut the income for the 60% of retirees who count on SS benefits for half their retirement income.

Maximize your SS benefits: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirem/ent/dp/1495439224

What can you do with your bankrupt stock?

Neiman Marcus said it is filing Chapter 11 to restructure operations. 500 employees will be gone in months. A Chapter 11 restructuring could also wipe out debt and equity, create new ownerships and let the company close its underperforming stores, all while still operating. Chapter 11 bankruptcy signals that the company is asking the court to protect it from its creditors until it files a detailed plan for how it intends to recover financially. If the court accepts the plan, the company may renegotiate its debts, drastically cut its costs, and resume doing business. Over time, it may thrive and emerge from bankruptcy (or not). Common stock shares will be practically worthless at the moment, and the shareholder won't be able to sell the shares because no one would want them. There is at least a chance that the company will indeed recover and their shares will regain some of their value. Other public companies headed to court are J Crew, JC Penney, Forever 21, Pier 1, Modell’s as well as some restaurants.

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

Why does the stock market go up when employed goes down?

It makes no sense. In the 1930’s the Great Depression, markets and jobs fell. Now we have the opposite. Answer: anticipation: stocks have rallied aggressively off their March lows as Wall Street becomes increasingly optimistic about a reopening of the economy. Despite dismal economic data and first quarter corporate earnings reports, stocks have looked beyond the near-term turmoil caused by coronavirus. The market has moved higher—back to May 2019 level as several states—including Georgia, Florida, Texas and California—begin to reopen businesses and lift coronavirus lockdowns. The S&P 500 has bounced back more than 30% from its low in late March, now just 15% off a record high. The Nasdaq is more than 35% off its lows and on Thursday moved into positive territory for the year. Money managers don’t want to face the fact that the economy may take years to return to its old self. Wall Street optimists expected reports to be worse so they are buying back what they sold a month ago. They need to show positive activity.

Stocks for the long-term: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

Which annuity is best for you?

Sinking your money into an annuity at this time is not smart. Current interest rates determine your eventual monthly payout—either now or later. Insurers offering fixed annuities are buying very low rate bonds with your money. Insurers offering variable market rate annuities are trying to find a hedge on market volatility. They structure the annuity contract so they don’t lose money and set the fees to make money. You have better alternatives to locking in your contribution forever; buying future income that will be cut in HALF by inflation; paying income taxes instead of lower capital gains on your future income and paying more in costs than you gain in tax-deferral.

Check alternatives before no-refund buy: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

Advisors get paid less so changing your fee rates

Sixty-six percent of advisors said their compensation came from AUM-based (managed assets) fees. So even if you do not get any services from your advisor, they get paid less since the portfolio they “manage” is less now. Advisory firm are changing to “advice-based” fees to take more of your money. The owners need more revenue. This is justified by advisors promising to cover health care issues and family-legacy planning. Firms will “move from fixed compensation to variable compensation with profit-based bonuses, since that allows firms to easily trim compensation during a down market like this without having to reduce compensation directly or do layoffs,” one planner said. Advisors are not likely to raise security trading fees during this volatile market time, but fees will be imposed for any request that takes more effort, like review of a retirement plan. It may be time to switch to a fee-only planner so you can control your fees wisely.

Shop for planner: https://www.amazon.com/Get-What-You-Want-Simple-FINANCIAL/dp/1514751151

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

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

If it takes a village, the village idiot is in charge: “metrics up here” (his head)

Mobster declares: “We have the right to do whatever we want”

"I could stand in 5th Avenue and shoot somebody”

Supremes: US leader IS above the law?

Mobster’s felons go free

A crisis brings out the worst in would-be dictators: Easy to end democracy

Anti-democracy judges approved by Senate

Anti-voting laws enacted in GOP states

Lying kills a just world

Mobster’s son: ‘Not sure’ about election date

Mobster’s servant tested positive: WH breached but still no masks: hide deaths?

Mobster’s propagandist: “I will never lie to you”

Big Con: ‘We have met the moment and we have prevailed.’

Mobster: testing "frankly overrated" yet I am tested every day

How Govt wastes our money: Congress spends another 3.7 Trillion we don’t have! 

DEMs take note of special tax giveaway for wealth but do nothing. Workers pay for it.

WH C-19 tests for staff are not accurate: more staff gets sick

GOP Gov not reporting C-19 victims to prove Trump lies: it’s “going to go away.”

Private jet firm founded by Trump donor gets $27 million bailout: we pay for jets of rich!

Hate China? Remember we need China to buy our Treasuries: finance our biz bailouts

SCAMS/SPINS:

Trump kills health code: “Virus will take over 100,000.” Let’s go to work without tests!

Neo-Nazis go after those who report violators of safe health rules

C-19 scams abound: 44% of us have got contacts and Gov does nothing to stop them.

Trump’s visit to PA factory canceled by company's concern for worker safety. WOW

Trump uses conspiracy network to control his followers: FoxNews is just tip of crazies

Trump to change CDC method of counting C-19 dead so it is lower: election gimmick!

MI vigilantes use guns to open barber shop: MI Gov defied by GOP Trump violence.

WI Supremes open state early so more citizens get sick

Single-day high 58 Texans’ deaths from C-19, two weeks after Gov Abbott’s reopening.

IRS delays some payers’ payments: You get a break today

Debt collectors contacting us in pursuit of debts that don't exist. Get it in writing.

Verify your on-line pharmacy before order.  https://verifybeforeyoubuy.org/

Fake photos/news: people have too much time on their hands!

Fake C-19 cure pills, test kits, masks, lanyards seized by US customs: some dangerous

VW recall 370,000 vehicles with Takata inflators ‘in phases’ starting at the end of 2020.

Morgan Stanley caught: misled clients about the costs of a “wrap fee”: fine, no jail

Ambassador Advisors PA failed to disclose conflicts of interest in mutual fund sales

Monster Loans caught taking our credit information based on false representation

Trump hotels take $650 room/SS guards/family members/staff/VIPs from taxpayers

Jobs

Jerry Stiller’s appearances as Frank Costanza: Best ‘job’ in the world

Pence told to keep distance from WH staff: Trump still not careful around others

State unemployment requirements/enrollment/info

Employee options for pay cuts: Gov help and alternatives

Employer virus protections against customers/workers: know their strategy

Who owns your account now?

Time to refinance your vehicle at low rates?  as low as 2.14% APR for 36 months.

Mortgage/rent assistance and info: you may qualify for help

ETF Universe Shrinks As Niche Funds Die Off

Folio Financial to Goldman Sachs

Delay mortgage payment options: Consider options carefully: long-term impact

Miracle:

GA DA tells police NOT to arrest her friends who shot black man in street: KKK rules?

Two local prosecutors concluded from video that McMichaels had done nothing wrong?

If the victim had been white and the two stalkers with guns were black, same outcome?

Free financial advice certified financial planners https://www.napfa.org/hub-for-help

Medicare advantage plan UnitedHealth waives cost-sharing fees through Sept.

Scientists construct a single-atom transistor: pack more circuits on tiny chip to fit vein?

Doctors try different treatments since virus attacks each person differently: creativity!

Fewer cancer deaths because patients had ObamaCare

Biden has no plan to end our econ crisis but plans to not pardon Trump: Priorities man!

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Buffett is your unbiased advisor

Raid your 401k?

How long would it take you to replace the growth of that $100,000 from your 401k?

You can now take out up to $100,000 from your retirement account without paying a penalty. Savers under age 59½ would be able to tap their 401(k) and 403(b) money without the usual 10% early withdrawal penalty. Taxes would still be payable. Since most of us don’t have that much, (the average IRA balance was $98,900, reports Fidelity. For 401(k)s, (the average balance was $91,400), let’s talk about $25,000 withdrawal. You might not owe any income taxes on that money since your income for the year may be low. However, unemployment benefits are still taxable. Given that HALF of us have less than $91,400—the average—it may not be smart to raid our future retirement income no matter the need today. However, if we did, it may take just as long to replace it. When we get back to making contributions, hopefully our employer will restart their matching program. How long will it take to make up the $25,000 let alone the future retirement income level? Remember, by taking out the $25,000 now, we are giving up the miracle of compounding too! That is the force that can double our money in 12 years depending on how we invest it. It will take us 10 years of investing $167 a month in stocks to re-coop the $25,000. During that time, we give up amassing $55,000 from the original $25,000 with compounding at 10% growth. Long and short, it will take more monthly savings and another 10 years to recreate the retirement fund we could have had.

Don’t give up compounding power: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

Re-balance your retirement fund or not?

Wall Street has this thing about rebalancing your investments—advocates have long earned extra pay by telling clients they must do this. However, all the studies done by less biased analysts say no; don’t do it. Why? We just witnessed the most important reason: stocks go down and correct the stock/bond balance automatically over time. Of course if an analyst picks certain dates to study, the opposite answer is proved. What this kind of “proof” also forgets is that the costs of trading and taxes are not included. Over time, trading costs can take up to 60% of your total possible accumulation. Vanguard found sometimes rebalancing outperforms a drifting portfolio, and sometimes it didn’t. When investors use the short-term and long-term buckets concept, they are more likely to let their stocks rise and fall with the market and thus achieve the long-term market return of 11%. Rebalancing seems to work if you know how the market will perform in the future. Both practical and academic evidence shows that it is almost impossible to predict future market conditions consistently. This is the same reason, 95% of active traders fail to beat the market index over a 15-year period. Buy and hold securities in tax-FREE account.

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

The unbiased investor advice

Warren Buffett does not need you to invest in his fund so he is probably the ONE advisor to listen to. “And in my view, for most people, the best thing to do is to own the S&P 500 index fund. People will try and sell you other things because there’s more money in it for them if they do. And I’m not saying that that’s a conscious act on their part. Most good salespeople believe their own baloney. I mean, that’s part of being a good salesperson. And I’m sure I’ve done plenty of that in my life too, but it’s very human if you keep repeating something often enough.” But Buffett still advises us to invest in index funds. If we have card debt, pay off debt is a sure thing: “I don’t know how to make 18%.” I mean, if I, owed any money at 18% the first thing I do with any money I had would be to pay it off. It’s going to be way better than any investment idea I’ve got.”

Best advice I ever got: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Wealthy get to deduct more: lower taxes

The wealthy with business property receive another tax break in the “CARES” law.

A provision of the CARES Act suspends, through 2020, the excess business loss limitation imposed by the Tax Cuts and Jobs Act (TCJA). This will allow increased deductions such as for real estate depreciation for non-corporate taxpayers. The wealthy business owner can now deduct ALL losses from income resulting in no income tax. Further their accountants can go back to 2018 and take all losses as deductions against income in an amended return. They can claim “bonus depreciation” too. “For 2020, business taxpayers may look to accelerate deductions that may cause excess business losses that they can use sooner rather than later.” America’s tax system is built by and for business. According to the Economic Policy Institute, between 1979 and 2018 worker productivity—how much value a worker produces in their job—increased by 70 percent, but hourly wages have only inched up by 11 percent. That difference increases wealth—not wages. Billionaires "do not rely on income for additional wealth," meaning their excess wealth, on its own, yields more returns on investment. Investment income is taxed at a lower level than wages.

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

If you don’t have a business loss to reduce your taxes

You might not have a business that can shield you from higher income taxes! What is the next best thing? A tax-FREE account! Based on the assumption you want to earn over 9.5% on your retirement money with fewer years of a loss, your choice is the low-cost fund: Vanguard Wellesley Income Fund Investor Shares. As of May 5, your YTD return is down just 3% compared to the market: 500 Index Fund of -11.47%. Your fund owns stocks like Johnson & Johnson and quality bonds that hold value. The best way to avoid the future income tax increases needed to pay off the extra $3,000,000,000,000 debt is a legal tax-FREE account. This tax shelter is free of federal and state income taxes. And you do not have to hide your money in an illegal overseas tax haven either.

Avoid taxes legally: https://www.amazon.com/Tax-Advantaged-Wealth-mutual-funds-Tax-FREE/dp/1481215906

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

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

If it takes a village, the village idiot is in charge: “metrics up here” (his head)

Idiot declares: “We have the right to do whatever we want”

Idiot: “an innocent man” yet Flynn admitted he lied to FBI with Putin

Idiot predicts: Virus will take over 100,000. Let’s go back to work!

Idiot: 'Possible there will be some' COVID-19 deaths’

Idiot crying: "I believe I am treated worse than Lincoln." Lincoln Memorial violated

Idiot: ‘no’ virus gear to our states but gear sent to Putin

A crisis brings out the worst in would-be dictators: Easy to end democracy

Anti-democracy judges approved by Senate

Anti-voting laws enacted in GOP states

Lying kills a just world

How Govt wastes our money: Congress spends another 3.7 Trillion we don’t have! 

Trump decides only GOP states deserve bailout: Dem states punished.

Trump gives donors the contracts for fake cure and virus supplies: Fox 1^st; hospitals 2nd

Trump has valet we pay taxes for and he has the virus: Trump immune to C-19?

US to borrow $3 Trillion in 3 months: our kids will pay more taxes to Saudis, China, Japan, etc

$½ Billion repaint so Trump’s Wall looks ‘tough’: could have bought billion masks instead

Jared uses FBI to seize virus supplies en route to firemen, hospitals, nursing homes. Jared: “They’re ours”

SCAMS/SPINS:

Post office DOES make money on Amazon deliveries: Trump just hates Jeff’s Post

Why The Idiot inspires armed insurrection in AZ MI: Trumpers need the protest money

Anti-mask Family kill MI Dollar store guard trying to save their lives

$500 per child relief check will be delayed: sometime in 2021 perhaps: have-nots screwed

Health care after employer plan fails: Hurry, ObamaCare will be shut soon by the Supremes.

Trump AZ rally plays his theme music: Live and let die No masks for VIPs

Trump hates new Lincoln Project ad: Buck stops with prez so he muzzles specialists.

Trump acts like pandemic over yet new estimate double deaths to 134,000

Trump’s new propagandist: “I will never lie to you” Huckabee ex-Fox star

C-19 created by our gov; vitamin C protects you; exotic cures; fake news sources

Three-C Body Shop OH caught submitting multiple claims for accident body work’

NJ Christie’s workers free of BridgGate non-crime: political revenge triumphs over all

GA asked for more virus cases and got them: Trump pushed GA to open early

Scams list: virus fears provide rich rewards for con people

Fake news: how pictures are doctored to make political hay and money: Virus coin $125?

FDA: “unscrupulous actors” have been “marketing fraudulent antibody test kits”

BEWARE: some financial planning services get bonus if they sell you certain annuity.

Trust but verify: Only 23% of investors said they have a high level of trust in advisors

Jobs

FASTER Paycheck: advance, payday loan, direct deposit, same day pay

A job gives home buyers the edge: pick the best lender in buyer-is-king period

Garnishment by hospitals/doctors hits hard in hard times: rent, food or debt?

Fidelity brokerage looking for 2,800 staff: financial info providers not brokers

Who owns your account now?

Denver retirees must pay back pensions: state made an error and widows pay

Trump’s new campus sexual assault rules bolster the rights of the accused: Kavanaugh

IRS provides 3 more credits for your business

Miracle:

$1 million gift for hospital employees: designated just for employees 

How wealthy liberal elites learned to love the “vulgar” bully intimidator Trump

Wealthy only: New drug to help C-19 victims get well costs $4,460 10-day treatment 

Still? Two armed white men kill unarmed black man: No arrests: KKK rules in GA?

Hero does what Trump refused to do: woman helps medical staff get protection

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Some Americans pay; others receive

Americans live in two separate and unequal worlds

And the bailouts reflect this. In early March, the Fed kept cash flowing -- and limited losses for some billion-dollar hedge funds that made wrong-way bets with borrowed money. For some, what could be called the Fed’s triumph of efficiency could also be interpreted as rewarding rich gamblers. Neighborhood business owners, many of whom did the right thing by closing their doors to help stop the spread of the virus, have had to white-knuckle it for weeks. Some of the 1.7 million applicants approved for PPP loans describe bureaucratic runarounds. Those like Robyn Shultz sweat it out, waiting for the Treasury Department to calm the confusion and for Congress’s additional resources to arrive. “I was told I was caller number 1,403, and it would be around a three-hour wait,” said one applicant. “I stayed on the line for several hours before it went dead. I never ended up connecting with anyone.” Many small businesses say they are angry that bigger companies have gotten PPP loans and they haven’t. On April 19, several small businesses filed a lawsuit in federal court in Los Angeles against four lenders -- Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and US Bancorp -- accusing them of approving big loans first. Many big businesses have access to money but took PPP ‘loans’ because they are free. “I really have no faith,” Shultz said. “I have no faith in the system. In this government. In this leadership.” Again, it is socialism for the rich.

From have-not to haves: https://www.amazon.com/Americas-Socialism-Rich-little-people-pay/dp/1535218584

Investors opened IRAs at a record level in the first quarter

Millennials, the Fidelity report noted, accounted for a majority of the new IRAs, with contributions among that group increasing 41% over last year, while the amount they contributed increased 64%. Among female millennials, the number of IRAs increased 20% from a year earlier. Surprisingly, market swings did not hold investors back from moving money into their accounts. Hardship loans averaging $10,550 were up slightly before the virus hit on a mass scale. The CARES Act allows more flexible withdrawals so future rates will be higher. Investors did not make big changes to their portfolio asset allocations even with market downturns. Most investors seem to be “staying the course” as John Bogle Vanguard found used to advise. Impatience leads to losses.

Wisdom and patience: https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045

State revenues are negative

No sales tax and huge unemployment comp bills spells higher taxes or cuts in local services. Not enough tests, lack of personal protective equipment, 24 million newly unemployed, not enough ventilators, tens of thousands of shuttered business. Our GOP Senators have said they don’t want to help our states out. They are busy helping their friends in high places who will pay for their next election. Trump will give cash-rich oil companies direct access to our Treasury. That means our federal income taxes will go up to pay off the federal deficit. Some blue states have had to buy their own medical equipment at gouged prices. The feds have just come and taken it. Jared, Trump son-in-law says of the fed supplies:  “it's supposed to be our stockpile,” not the states.’ So with less coming in and more going out and the GOP advocating bankruptcy, we taxpayers will be asked to step up and pay more. Many wealthy people have already moved out of the states, so they won’t be paying their fair share. Don’t pay their taxes.

Tax-FREE retirement account: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

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

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

If it takes a village, the village idiot is in charge: “metrics up here” (his head)

Idiot declares: “We have the right to do whatever we want”

Idiot now says: My cure—light, heat, disinfectant—were just sarcasm!

Idiot’s disinfectant kills Americans: "I could kill and not lose voters" 

Idiot’s idiot; I don’t wear mask at clinic since “I don’t have virus”

Idiot: virus will “be eradicated” by November

Will the Supremes & Senate allow Trump to delay election?

A crisis brings out the worst in would-be dictators: Easy to end democracy

Idiot: I determine who sits in press room

How Govt wastes our money: Congress spends another 3.7 Trillion we don’t have! 

Trump to give cash-rich oil companies direct access to our Treasury: we pay the taxes

Trump tells post office to raise price for Amazon or lose $10 B: he hates Jeff’s Post.

Trump’s Agi buys crops it then destroys: Hey, Sonny, food pantries near empty

Did your state waste money on TrumpCure pills? He was just pumping up his stock.

LA Lakers take $4.6 Million in small biz money: millionaires don’t need $1200!

Gamblers get Fed bail out: We reward poor management: we pay their tax later.

SCAMS/SPINS:

Trump and Biden have conflict with China: China banks hold their loans = leverage

Trump tried his cures—shoots up ‘disinfectant’ and UV rays—lives: proof of devil?

Immunity? no evidence recovery prevents second C-19 infection we need national testing

Is it fake? Check the source, Google message wording, ask a real authority, ask your kids.

Trump watches too much TV: bogus cures, theories, fake news, non-science, nonsense, BS radio

They sent you money by ‘mistake’ scam: Never return free money without court order.

Trump’s lawyer to sue your state Gov if keeps you safe at home: Blue states, esp MI!

Too much crazy conspiracy even for Fox: 2 black women prez ‘advisors’ dumped

Did you get the Idiot’s letter? “Every citizen should take tremendous pride …”in me!

FL hiding the C-19 death toll: GOP stopped ME report actual deaths

C-19 insurance scams: some sort of COVID-19 coverage: it is fake coverage

Merrill Lynch, Eagle Strategies, Cozad Asset caught selling high-cost fund shares.

Tony Russell Joseph Batts Damien Askew Rudolph Sanders caught tax prep scam

Nathan Duane Oeming caught in child prostitution sting: defrocked

Our Reps use their position/power to make a killing on Wall Street

Jobs

Would a new New Deal infrastructure bill create more jobs quicker than relief checks?

Trump tweets all night; Biden sleeps: Joe, you need to counter with facts, just the facts!

Gym, ESPN, insurance, magazines, prepaids, event: collect all your refunds non-services

Unemployed may receive extra federal $600 IF employer fills out form.

Some employers continue benefits/coverage for laid off workers

Police stop cook from moving from train car to next by shooting him in the back?

Child abuse rising as home work life gets too intense

Who owns your account now?

Universal health care: Trump’s favorite Brit now swears by National Health Service

Some Americans would avoid health care even if had virus: fear costs: health bankruptcy

FamilyinTouch: ways to stay in touch with family friends business: costs/convenience

NJ gives property taxpayers 1 month grace: May 1 to June 1: take home after June 1.

Bank rip off: few banks pay 1.5% on your emergency cash: online: credit unions 1.8%

Miracle:

Saudis to stop flogging but will still cut you into little pieces when not looking

Navy admits mistake: Crozier goes back to USS Roosevelt after saving lives.

Dem’s Dream Team: Andrew-Michelle?

Trump promises NOT to do ‘news’ conference daily … weekly… monthly! Lied again

Sales sales sales: 60% off on some seasonal stuff: new rules may apply

Couples’ therapy for $99: life was hard enough before getting stuck at home.

Unemployed qualify for ObamaCare health plans: 60% of uninsured workers eligible.

Google Meet free with your account: stay in touch for free.

Drug helps virus victims get better quickly. Likely approved for use in certain settings

World tour without people: stay at home means some fantastic AP pics

IAN

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