'Only the little people pay taxes': Create a Tax-FREE income river

'Only the little people pay taxes': Create a Tax-FREE income river

Protect all your investment earnings in a low-cost trust.

Turn your taxable pension or IRA into tax-FREE income.

Take $6,000 monthly FREE of income taxes.

Avoid tax on up to 85% of your Social Security benefits.

“Only the little people pay taxes.” Leona Helmsley said. Mitt Romney pays less than 15%. Warren Buffett pays only 17% total tax. 35,000 wealthy households paid $0 tax. 1,470 millionaires paid zero taxes in 2009. Are YOU paying too much? $12.95

http://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441

Avoid future higher tax with Roth IRA tax-FREE trust

High-income earners cannot contribute to a Roth IRA to gain tax-FREE income. However, you can convert a traditional IRA to a Roth regardless of income level. You pay the tax on the converted amount now in return for ZERO tax on much larger amount in the future. EG: Couple contributes $10,000 a year for 10 years. Converts $182,000 to Roth IRAs in year 10, pays income tax on gains ($82,000) and lets them grow tax-FREE. By year 20 you have $500,000 free of income tax. http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466/

Middleclass retirement without company pensions

According to a recent study by the Employee Benefits Research Institute, fully 44 percent of Baby Boomers and Gen-Xers lack the savings and pension coverage needed to meet basic retirement-age expenses, even assuming no future cuts in Social Security or Medicare, employer-provided benefits, or home prices. Most Americans approaching retirement age don’t have a 401(k) or other retirement account. Among the minority who do, the median balance in 2009 was just $69,127. https://ebriorg.wordpress.com/2012/05/

Members who started late still able to create a Tax-FREE Retirement: http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976/

Are you paying too much for the same portfolio your advisor gives everyone?

Most money managers attract clients by word of mouth. That’s how Madoff did it. You trust your advisor because someone else trusted your advisor. You assume they did their homework so you didn’t have to do it. Well, you know how that story ends. Ask your advisor what they do for their 1.8% fee on assets. For the average investor, that could be $9,000. If they become popular seminar speakers, revenue can easily top $10 million. What do you get? One hour a year and boilerplate plans putting you in one of the seven core portfolios. Successful investors have their own plans and so stick with them:  http://www.amazon.com/REAL-999-Plan-Invest-Spend/dp/1469917580/

New 401k fee disclosure will shock you to move to lower fees or Roth 401k

By November, you should receive your new statement. Under Department of Labor regulations, employers have to provide fee information to the investors in the plans by Aug. 30. The disclosures will simply show what an employee could pay in fees on various investment options in their 401(k) plans. But the real "aha" moment for many plan participants is likely to occur sometime after Nov. 15 when they receive account statements detailing what they actually paid in fees the previous quarter - in dollars and cents. Recent research suggests that the existence of fees might alone be news to many employees. More than 70 percent of 401(k) plan participants did not know they paid any fees for investing in their plans, according to a recent AARP study.

Small plan participants pay THREE times what large plan members pay so if you are in a high cost plan, you can stop and use a low-cost Roth IRA. Over time, current fees can take 40% of your nest egg. Redirect your 401k money to a tax-FREE forever account: http://www.amazon.com/New-American-Retirement-System-Tax-FREE/dp/1461030072

State Farm says ex-Penn State football coach Jerry Sandusky’s homeowners' policy shouldn't have to cover civil suits stemming from his sex crimes, even if they were committed in his home.

Save on auto insurance by using your Wealth Reserve^TM to self-insure

Self-insure the small infrequent risks and invest HALF the premium you are now wasting on your car insurance policy. Plus, You don’t need medical coverage if you already have a comprehensive care policy. You will never receive a benefit from the medical part of your car policy—your health policy is primary. There are 21 other ways to save premium and build your own Reserves, not the insurers’: http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

American General AIG leaves long-term care insurance

Last week Pru left the group market. GE Genworth and Transamerica (Ageon) will change pricing and commissions. Long-term care liability loss rates and claim severity are now at an eight-year high and could grow steadily into next year, according to an analysis by Aon Global Risk Consulting. There are alternatives: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X

Lies My Financial Advisors Told Me and low-cost alternatives I found

Did your advisor show you how to earn 10-12% return on your money without paying their fees every year?
Did your broker tell you that you can buy individual securities for $0 commissions now?
Did your agent call you about falling insurance premiums?
Did your banker explain your accounts will be ‘nickeled’ and ‘dimed’ to death?
Did your money manager explain that low costs are the best predictor of investment success?
Your financial “team” is robbing you of $3,000 every year.
“Professional money management is a gigantic rip-off.” Bill Gross, Bond Guru
Just published: https://www.createspace.com/3943417

SCAMS           “Only the little people pay taxes.” Leona Helmsley

It’s about time!

The Obama administration is launching an ambitious new drive against health care fraud by mining claims data from insurance companies and government programs in hopes of ferreting out bogus billing. Miami task force report: http://oig.hhs.gov/testimony/docs/2011/perez_testimony_03022011.pdf

Many banks trying to mislead on interest rate standard

A number of studies have shown that when it comes to lying about the key bank rate, Barclays was far from the worst offender. That title may belong to Citi.

In early 2010, two economics professors from UCLA and the University of Minnesota looked at Libor manipulation and found that, at least according to one measure, Citi had misstated its lending rate by more than any other large U.S. bank in the run up to the financial crisis. Worldwide, the bank that had the largest spread between what its Libor rate should have been and what was reported, according to the analysis, was the Royal Bank of Canada. By the WSJ's calculations, from January 23 to April 16 of 2008 Citi under-reported its borrowing rate by 0.87 percentage points, or nearly triple the 0.30 percentage point difference that the paper figured Barclays was fibbing by.

Pay for performance is the American standard

Why should we pay Congress people salary when we have no production?

Wealthy Congresspeople don’t want to show returns either—Mit keeps $ overseas

Most in Congress – Democrat and Republican alike – apparently are unwilling to make any of their returns public. Over the past three months McClatchy Newspapers asked all 535 members of Congress to publicly release their tax returns, but only 17 complied. An additional 19 refused and the rest failed to respond. Read McClatchy article.

Among those refusing to provide tax returns were Nancy Pelosi, the top Democrat in the House, and Harry Reid, the leading Democrat in the Senate. They each rejected repeated requests.

Insurers place their bets on GOP

Insurance industry political donations given to presumptive Republican presidential nominee Mitt Romney more than double those given to President Barack Obama this election cycle, according to a Best's News Service analysis.

Who owns your account now?

MetLife banking assets to GE

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Americans denouncing citizenship to avoid tax are still here

Wealth: What every high school student needs to know – now iTunes App $3.99

Let money work for you: Start early with $100; hit $2 million sooner!

http://itunes.apple.com/us/app/wealth-what-every-high-school/id540588535?mt=8

2,000 Americans denounce citizenship to avoid taxes; but still enjoy it here

Americans are finding more reasons than ever to take the drastic step of giving up their U.S. citizenship, and the gridlock in Washington may push even more people to run for the borders. Facebook co-founder Eduardo Saverin in Singapore since 2009. Socialite Denise Rich just moved. Of course, these folks still own property here and “party” here but just don’t want to pay for the priviledge. With all their money overseas, will they ask for the American ambassador to bail them out if they get in trouble over there? Use our: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236

AL reniges on promise to pay for college

Alabama's prepaid college plan is a step closer to an agreement with the state that would cap the amount those students receive at an amount less than the full tuition they were promised when they signed up for the contracts. Alabama's prepaid college plan suffered financial trouble in 2008 and its board doesn't expect to be able to pay the remaining 37,000 participants full tuition as it increases each year. The state already has agreed to add $548 million to the program in future years, but that still won't be enough to cover full tuition in the future if it keeps rising at the current pace, according to experts. Members use low-cost 529 plans with Vanguard mutual funds. http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

Study shows ETF for traders not investors

The study found that 62% of ETF shareholders exhibited buy-and-hold behavior, defined as ownership of more than one year. Though that is less than the 83% among mutual fund shareholders, Vanguard claims the difference is attributable more to the type of investor drawn to ETFs than to the products themselves. ETF investors are more likely to be male and over 60, and to check their account balances daily, according to Vanguard. Investors in each of those categories tend to trade more than the average investor. ETF traders tend to try to time the markets and usually earn less than buy-and-hold investors. There's no question that ETFs are the greatest trading innovation of the 21st century,” Mr. Bogle said at a conference in February. “But the question is 'Are they the greatest investment innovation?' and the answer is 'no.' ”

Mr. Bogle recalled seeing an ad for the S&P 500 ETF that touted the ability to trade throughout the day and thinking, “Who the hell wants to do that?”

ONLY the fools think they can outsmart everyone else. Members invest like businesses: http://www.amazon.com/Wealth-Without-Wall-Street-Keppel/dp/1442168137

Insurers ask colleges for more safety plans for children—Act like adults!

Penn State issue highlights the need for risk management awareness and having policies in place to ensure a safe environment," said Waldorf, president of Waldorf& Associates, a broker that specializes in insuring colleges. If the whole administration ignores the rape of children, are all college kids at risk? What if the footballers rape a girl on campus? Would PSU prosecute footballers? Would they just hide it? Insurers fear future claims. It is as if there are no adults at Penn State.

Women say they are not confident about financial decisions

A Prudential survey shows that while 53% of women in a survey said they are the primary wage earners in their households, just 20% say they feel confident with financial decision-making. On the other hand, about 45% of the surveyed men expressed confidence in making financial choices. Women are better investors than men since they are more patient with their investments. Members use our Guide: http://www.amazon.com/Ensure-Your-Financial-Health-Wealth/dp/1466388293

Pru out of LTCi market

The insurer announced Wednesday afternoon that it will discontinue sales of new group LTCI policies starting in August in all states. The carrier will continue to offer the product in Indiana, Iowa, Kansas, Louisiana and South Dakota for “a period of time,” as per state law requirements. Prudential will continue accepting group LTCI enrollments until June 30. Low interest rates are blamed for the decision.

Small employer 401k plans charge THREE times the rate of large ones: Use IRA instead

Participants in 401(k) plans with less than $1 million in assets pay average fees amounting to 1.41%. Disclosures show that is more than three times the fees paid by participants in larger plans. Member use tax-FREE IRA with costs of 0.07%. http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976/

FL takes care of poor children health but what about adults?`

Florida surpassed 2 million participants in Florida KidCare, a collection of government programs that partially or completely cover preventive and acute health care for state residents age 19 and younger. Family income dictates whether applicants' children enroll in the programs such as Medicaid, for the very poor, or Medikids or Healthy Kids, modified plans that charge a monthly premium ranging from $15 to $196 per child.

For adults, Rick Scott has rejected Fed money for Medicaid for the poor.

Hospital associations around the country have already signed off on cuts to reimbursement rates under the health care law on the assumption that the new paying customers they would gain, partly through the Medicaid expansion, would more than cover their losses. "If we're going to walk away from that coverage, we'll simply see those dollars we contributed through cuts in hospital payments go to covering people in other states," said Bruce Rueben, president of the Florida Hospital Association.

"It's a bad deal for people in Florida if it plays out that way."

GOP House votes to keep healthcare plan in retirement for themselves

"House Republicans refuse to admit they voted to give themselves taxpayer funded lifetime guaranteed health care instead of having the same health care as their constituents," said Jesse Ferguson of the Democratic Congressional Campaign Committee. "House Republicans didn't just vote to protect insurance company campaign donor profits this time, they're even helping themselves to lifetime taxpayer-funded government health care and now they need to be honest with their constituents and admit it." http://www.businessinsider.com/republican-health-care-repeal-hypocrisy-congress-2012-7

Supremes upheld ObamaCare but split country in half—1/2 get care, ½ don’t get care

Scalia not unhappy since they took away the federal government’s ability to force states to join the expanded Medicaid program. Some states are balking, potentially leaving millions to continue with no coverage.

Republicans, meanwhile, offered no healthcare relief and even threatened to eliminate existing programs.

State uninsured and hospitals expecting Medicaid funds are denied by GOP

West Virginia hospitals currently provide $740 million in charity care to the uninsured. Many of those uninsured people will be eligible for Medicaid if the state decides to expand the program.

Texas’ Gov. Rick Perry, saying “no” to the federal health care law could also mean turning away up to 1.3 million Texans, nearly half the uninsured people who could be newly eligible for coverage in his state.

New Jersey Gov. Chris Christie not only would be saying “no” to President Barack Obama, but to as many as 245,000 uninsured New Jersey residents as well.

http://www.washingtontimes.com/news/2012/jul/18/states-saying-no-to-obamacare-could-see-downside/

Alaska will not set up a program allowing residents to buy health insurance across state lines as envisioned under the Obama administration's new healthcare law

GOP Bachmann alleges Muslim spy in Sec of State Clinton’s office

Bachmann charges that a Clinton aide may be acting as the secret agent of a foreign organization. Charges were made in a letter to the State Department signed by Representative Bachmann and three other members of Congress. “Having worked for Congressman Bachmann’s campaign for president, I am fully aware that she sometimes has difficulty with her facts, but this is downright vicious and reaches the late Senator Joe McCarthy level,” wrote Mr. Rollins. Bachmann also said that the Founding Fathers eliminated slavery in 1776. She also thinks the British attacked NH not Concord MA. She is now a Swiss citizen so it doesn’t matter anymore what she thinks.

GOP Allen West (FL) claims 80 House members are communists and social security is a "form of modern, 21st century slavery." http://www.businessinsider.com/allen-west-social-security-slavery-florida-rep-tea-party-2012-7#ixzz216RcXhWG

These weird claims must be in the GOP fundraising manual to help stupid voters make up their minds. West and Bachmann are US Congress who represent some voters.

SCAMS           “Only the little people pay taxes.” Leona Helmsley

AXA Equitable found cheating health reimbursements

Regulators exact fine from AXA Equitable Life Insurance Company after an investigation revealed that the corporation made an undisclosed change to its medical claim reimbursement policy resulting in lower reimbursements for many members.

Socialism for the rich—Farm land owners get double the rents due to subsidy to renter

One of the largest farm real estate booms in decades could be getting a boost from an unsuspecting player: the US taxpayer. The government foots the bill for a large chunk of the nation's enormous crop insurance program. Our subsidy pushes the rent higher for the actual producers so land owners, not farmers, get the benefits without the risk.  The rent on part of the land he farms in MN doubled last year to $280 an acre, up from $140 in 2010. GOP Bachmann owns a farm with subsidies but is Swiss citizen now.

http://www.newsobserver.com/2012/07/13/2195111/farmers-safety-net-is-now-a-money.html

           

Who owns your account NOW?

Presidential Life to Athene Annuity & Life

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

Save $3,000 this year

Save $3,000 this year

Why pay $3,000 a year for the same performance you can obtain for $75?

http://www.amazon.com/Never-Buy-Retail-Save-every/dp/1478147350/

GOP tries to delete Dem voters from FL rolls to assure Romney win

Despite violating the Voting Rights Act of 1965 and the 1993 National Voter Registration Act. Florida Secretary of State Ken Detzner, however, "respectfully" disagreed with the Dept of Justice decision, and suggested it would continue with its efforts. Most county officials are now following the Justice decision. They have stopped disenfranchising voters. http://www.cbsnews.com/8301-503544_162-57449845-503544/florida-counties-halt-purge-of-voter-rolls/?tag=mncol;lst;1

Brokers colluded to stop commission-FREE securities sales to investors

NASDAQ OMX Corporate Solutions and Loyal3 Holding Inc. had announced a venture on June 2 that would give retail investors the ability to purchase Nasdaq listed shares directly from companies without commissions and without the assistance of a traditional retail broker. The partnership was stopped by brokers within weeks, prompting the probe by state regulators.

Members build wealth without Wall Street using our Guide: http://www.amazon.com/Wealth-Without-Wall-Street-Keppel/dp/1442168137

GE cutting benefits on LTCi

Genworth will suspend sales of lifetime benefits for its long-term- care insurance products, as well as “10-pay” versions of its LTCi product. “Given the continued low-interest-rate environment and industry dynamics, we are leveraging our extensive experience and making changes to best position Genworth for greater stability and future growth,” said Steve Zabel, a senior vice president for long-term care insurance.

Find alternatives with our Guide: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X

Two Americas?

GOP disregards Supreme’s decision – There is no supreme law of land?

Boehner: Americans With Pre-Existing Conditions Won't Be Guaranteed Protection Under GOP Plan

U.S. Senate Leader Mitch McConnell says the odds are against lawmakers wanting to gut the health care law

The percentage of U.S. workers with employment-based health coverage continues to shrink, according to Employee Benefit Research Institute

Texas defies Voter Rights Act – Special ID to vote like a poll tax or race verification?

Mississippi's only abortion clinic permanently shut its doors under a new state law.

Obama offers health plan to CO firefighters; GOP plan—buy your own if you can afford

?GOP health plan copies ObamaCare in every regard? Check it: http://www.cbsnews.com/htdocs/pdf/GOPHealthPlan_061709.pdf

Millions living in non-GOP states will get coverage for FREE

Millions of young people who look into their options will qualify for free Medicaid coverage for the first time. Others can get substantial help paying for private insurance. And new plans will limit out-of-pocket expenses for big emergencies to about $6,000. http://www.healthcare.gov/law/features/index.html

Does your driving record predict your life expectancy?

This study analyzed more than 7.4 million MVR requests and determined they are a predictive data source of an individual’s mortality, not just in a vehicle. Individuals with major violations, such as alcohol-related infractions and excessive speeding, have all-cause mortality rates that are 70 percent higher than individuals who do not. Additionally, the presence of six or more driving violations on an MVR elevates an individual’s all-cause mortality rate by 80 percent. In other words, bad drivers die young. And someone paid for this study?

Progressive insurance wants you to try its ‘pay per mile’ program

Progressive has opened its usage-based insurance program to anyone interested in test-driving the program, which according to the company will help it court new customers and expand. http://www.progressive.com/auto/snapshot.aspx?vanity=true

CA Aetna Health does bait and switch 

Aetna Health of California routinely and illegally denies patients access to out-of-network doctors after selling them costly insurance policies that promise patients the right to chose their own physicians, according to a lawsuit filed Tuesday by the Los Angeles County Medical Association (LACMA), California Medical Association (CMA) and a coalition of health care organizations and providers. “The insurance company interferes not only with doctor-patient relationships, but also harms the ability of California health care providers to get sick people the care they need in a professional and timely manner.”

Their doctors, in turn, grapple with threatening phone calls. Patients who are referred out of network are left with unpaid bills.

Allstate drops homeowners’ coverage – time to shop?

Allstate is dropping about 10,000 South Carolina home insurance customers who don't also carry Allstate auto coverage, have older homes and who insure their homes for less than $220,000. http://www.amazon.com/Industry-Insiders-Guides-Buying-Insurance/dp/1466435712/

Wealth: What every high school student needs to know – now Itunes App $3.99

Let money work for you: Start early with small amounts; hit $2 million sooner!

http://itunes.apple.com/us/app/wealth-what-every-high-school/id540588535?mt=8

SCAMS           “Only the little people pay taxes.” Leona Helmsley

Finally, a banker CEO is fired – bank admits cheating, sort of ….

“We’re clean but we’re dirty-clean, rather than clean-clean.” 

Barclay bank CEO is fired for allowing his team to fix crucial economic rate

U.S. and U.K. regulators found that Barclays “systematically” attempted to rig the London interbank offered rate, Libor, and the euro interbank rate starting in 2005. It is the benchmark for more than $360 trillion of securities, including mortgages, student loans, and swaps. The two-year probe, which involves regulators on three continents, has touched as many as 18 financial institutions, including Citigroup, Deutsche Bank, HSBC, JPMorgan Chase, and Royal Bank of Scotland. A dozen firms have fired or suspended traders in connection with internal probes looking at whether their employees tried to manipulate Libor.

http://www.nytimes.com/2012/07/08/business/barclays-case-opens-a-window-on-wall-st-fair-game.html

Socialism for the rich

House ups farm corporations revenue guarantees by 40%; cuts food stamps to 3 million

House Agriculture Committee leaders would increase, by up to 40 percent, target prices that trigger payments to grain and oilseeds farmers. They would give growers the choice of two farm programs -- traditional supports or a revenue guarantee. The Congressional Budget Office said two million to three million people would lose their food stamp benefits. Nearly 300,000 children would also be ineligible for the free lunch program under the new bill, the budget office found. Cotton and sugar subsidies were not cut.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

GOP will not implement Supreme's decision

GOP-controlled states will not implement ObamaCare despite decision—Seniors at risk

At least 20 states have passed binding legislation opposing broad elements of health care reform --states including Pennsylvania -- likely will not expand Medicaid since the U.S. Supreme Court removed the threat of federal penalties, analysts said.

That decision would be critical because of Pennsylvania's growing senior population and the high costs of skilled care for older people, said Linda Rhodes, a former secretary of the state Department of Aging.

"Medicaid has become a safety net for the middle class," Rhodes said.

Pennsylvania hasn't spent any of its $33 million federal grant to develop the marketplaces, department spokeswoman Roseanne Placey said.

ObamaCare is the law but states ignore Supreme’s law of the land.

http://media.lifehealthpro.com/lifehealthpro/article/2012/06/28/NFIB-Sebelius-11-393c3a2-highlighted.pdf

Romney says Supremes motivated by politics—OH REALLY!

Mitt Romney suggested "political consideration" rather than legal judgment may have played a major role in why Supreme Court Chief Justice John Roberts voted to uphold President Barack Obama's health care law last week. "It gives the impression that the decision was made not based upon constitutional foundation but instead political consideration about the relationship between branches of government," Romney told CBS News. "But we won't really know the answers to those things until the justice himself speaks out—maybe sometime in history."

What about the Bush II “election” overturning FL voter count?

And voting to allow corporations to influence elections?

Mitt is right and we all agree the Supremes are political decision-makers like Congress.

House GOP to cut food stamps for 46 million Americans—sugar and cotton subsidies up

Conservatives in the Republican-led House are certain to demand greater cuts in the food stamps program, which makes up about 80 percent of the nearly $100 billion a year in spending under the farm bill. Senate Democrats are equally certain to resist more cuts in a program that now helps feed 46 million people, 1 out of every 7 Americans.

Older clients get taken by advisors—Again

New study shows younger clients get better discounts even though they are more likely to cancel their accounts. Even though older clients have larger transactions, advisors are assuming that the old brokerage model will lead to greater business in the future. However, younger clients know they can do all their investing online by themselves now. Eventually they will figure out that they don’t need the advisor. They can invest for FREE. Wealth Without Wall Street explains the new model: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

States’ pensions not disclosing fees and special deals

The Governmental Accounting Standards Board has developed revised standards in accounting rules that will soon force cities, states and other local-government entities to disclose pension obligations that previously were hidden. Existing rules have been criticized for hiding the real cost of public pensions.

One member asked the State of NJ about fees on her pension and Treasurer refused to give answer. CA tried to reduce fees but private-equity fund managers often charge up to 2 percent of assets and 20 percent of profits. If the state earns 8% and gives away 2% plus profit (managers have 2% profit already) then you earn 5.6%. Vanguard charges only 0.05% for pensions.

What a special deal for Wall Street!

IRS goes after savers after losing $ millions to Swiss court

IRS is coming after you for IRA infractions that are technical but not very lucrative. The agency lost its bid to bring home revenue from American tax-dodgers hidden in tax haven Switzerland, so it needs to justify itself to Congress. The really big revenue loss is to corporations like Exxon and most of the Fortune 500 that keep profits overseas in foreign subsidiaries.

Check your IRA documents. IRS makes mistakes too, so check your backup: http://online.wsj.com/article/SB10001424052702304441404577480690440266320.html

Why your banker/broker/advisor/agent CAN’T give you the right products

It is impossible for your seller to give you the right products. They can’t sell them. The employer picks the products based upon revenue targets. Senior management wants to be rich not right about your long-term wealth. Example: Morgan Chase employees tell about selling their own bad funds. The bank actually changed the returns in marketing materials, according to JPMorgan documents reviewed by The New York Times. In 2011 they actually got caught and paid a fine and are still at it. Use our unbiased advisors: http://www.amazon.com/Unbiased-Advisors-Network-helps-tax-FREE/dp/1470106841

Insider reveals hedge funds returns a mirage—worse than owning Treasuries

His research shows returns have dipped substantially since the 1990s; compensation eating into payouts. Simon Lack, a former hedge fund executive at JPMorgan Chase & Co. and author of the just-published “Hedge Fund Mirage”  finds that investors would have done twice as well with boring Treasuries over the past decade than being in the high-status, hard-to-research investments they find so captivating.

You may be sued when your parents go to a nursing home

States are out of money so Medicaid state funds are not paying the bills for indigent parents. A judge can force you to pay if they think you can pay. Twenty-nine states have "filial support" laws that could be used to go after patients' adult children for unpaid long-term-care bills. http://online.wsj.com/article/SB10001424052702303506404577446410116857508.html

In at least one of those states, Pennsylvania, nursing homes have started routinely using the law to prod families into paying their elders' bills or completing Medicaid paperwork on their behalf.

Plan in advance with our Guide: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X

Drug company pays $3 Billion for $29 Billion to sell unlawfully—no one goes to jail

GSK allegations: "Some people are concerned that marketing by pharmaceutical companies may exert undue influence on doctors, that sales representatives may not always give doctors full information about the products they are promoting, or that there may be promotion of medicines for unapproved uses."

Dr got vacations for writing scripts not permitted by law

Execs were paid $ millions for sales not permitted

Children got drugs not permitted

Americans pay 2-3 times the price Canadians pay for same drugs

And everyone lived happily ever after?

SCAMS           “Only the little people pay taxes.” Leona Helmsley

States are losing $ millions of revenue to tax haven in Delaware.

PA has lost $400 million a year because companies have TAX loophole. GOP claims US corporations have highest tax rate: http://www.nytimes.com/2012/07/01/business/how-delaware-thrives-as-a-corporate-tax-haven.html?pagewanted=all

Taxpayers are NOT protected by DoddFrank so Morgan Chase’s $20 B losses are just the beginning. Banks can make bad investments with our money still.

http://finance.fortune.cnn.com/2012/06/13/financial-crisis-myths/

Bankers use email codes to fix interest rates for whole economies!

"As always, any help wd be greatly appreciated," the trader wrote.

"I am going 90 altho 91 is what I should be posting," came the reply.

This is how they “earn” the big bonuses--$200,000+

http://news.yahoo.com/casual-e-mails-tell-chilling-story-market-fixes-165537584--finance.html

Bankers avoid jail even when insider whistleblower wins lawsuit

Countrywide fired one exec for refusing to make up a legal document. CEO Mozilo took $ millions after Countrywide bankruptcy. No one went to jail. Whistleblower waiting.

http://www.nytimes.com/2012/07/01/business/countrywide-ex-executive-still-awaiting-3-8-million-award.html?pagewanted=all

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Long-term care insurance rates up 90%

Long-term care insurance rates up 90%--Will you have to drop it?

Some owners have seen their premiums go up from $1,844 to $3,504 in one year. If both of you have a policy, that means $7,000 a year for another 20 years on average--$140,000. Some insurers have even stopped selling new long-term care policies to individuals nationwide, including Prudential and MetLife. Many owners have had to drop coverage. newsobserver.com/2012/06/21/2152085/long-term-care-insurance-rates.html

Consider the alternatives: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X

Supremes go against Tea Party – Can the Bush regime be over?

Young people may stay on parent’s policy. Insurers can’t revive ‘pre-existing conditions’ in order to deny children coverage if they are sick. Some carriers have dropped child-only policies because of that provision. Perhaps you should shop for separate insurance for your child or young adult. If they are healthy, they may be able to get better coverage cheaper than you can in your employers' plan. It's worth comparison shopping.

We keep the rebate checks! Now, the law requires health insurers to spend at least 80 percent of their premiums on medical care, and to refund to customers amounts over the remaining 20 percent that would be grabbed by profit and overhead.  

Also keep preventive care such as mammograms, colonoscopies, immunizations and more. Medicare participants will keep their free prostate, breast and colon cancer screenings. Coverage will be reduced by each state so the poor will be hit first. States without separate laws or money will cut clinics. Some break the law.

We keep lifetime unlimited coverage. This was the most dangerous part for those of us who have serious and expensive illnesses. Insurers must pay bills for major problems. The wealthy are not the only ones to get lifesaving operations.

We will have new cost choices during the fall open-enrollment season. We will NOT have to give up some things. There will be a federal floor—basic guaranteed coverage.

States will have a hard time taking away contraceptive coverage, new treatments, drugs, etc that cost more. Some may even eliminate women’s health clinics in order to outlaw abortion.

American’s view of health ruled by advertising?

Most Americans say they disapprove of ObamaCare but like the provisions. No wonder: Critics have outspent supporters 3-to-1 in publicity campaigns. They argue "Obamacare" will put half of the U.S. economy in the hands of government. This is all nonsense. Private insurers would have millions of new customers. ‘Mandate’ was a GOP idea. It was pushed by Newt: people taking responsibility instead of getting free care at hospitals. http://www.theblaze.com/stories/2008-video-surfaces-of-gingrich-supporting-health-care-mandate/ Romney won in MA on mandate platform. Now that Mr Obama agrees, GOP against it. A few wealthy Tea Party zealots have paid 3 to 1 to reverse the American Congress. Wow!

The lowest level of support for ObamaCare comes from people who identify themselves as strong supporters of the tea party. Even in that group, though, nearly 60 percent favor what is in the law. Benefits trump ideology.

Surprise: One old white man—a Bush Supreme—saved the health of millions. What power, what glory!

TX limit on malpractice payouts fails to lower costs—Tort reform?

A new study has found no evidence that health- care costs in Texas dipped after a 2003 constitutional amendment limited payouts in medical malpractice lawsuits...

Are you subject to health tax?

The health care reform will be financed in part by tax increases on the wealthy. One section of the measure imposes a 3.8% tax on investment income for individuals who earn more than $200,000 annually and for couples who make more than $250,000.

Another provision imposes a 0.9% tax increase on wages for people in the same earnings categories. The revenue generated by both taxes supports Medicare growth. If your family earns $180,000 annually and realizes $30,000 in capital gains, the 3.8% tax on investment income would be applied to the $10,000 that exceeds the $200,000 threshold. If a you do not earn investment income but have an annual salary of $201,000, the $1,000 over the threshold would be taxed at a 0.9% higher rate. Most people can avoid it by buying municipal bonds, growth stocks and pension plans. You could convert traditional individual retirement accounts into Roth IRAs, which don’t require a minimum distribution either. Create your own Tax-FREE financial system: http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

Regulators warn about variable annuities … again

The problem is that the investor “may be paying more for a less generous living benefit, and in the bargain he or she has agreed to limit the investment options, thereby restricting the potential for participation in equity market gains.” Compare the options before you buy: http://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

SD & WI will not follow the law— E pluribus unum?

Dennis Daugaard says he's dismayed by the Supreme Court decision upholding the federal health care law, but the state will delay implementing any part of the law until after the November election. Gov Scott Walker refuses to implement the federal health care law, despite the Supreme Court's ruling to mostly uphold it.

SCAMS           “Only the little people pay taxes.” Leona Helmsley

Contempt of Congress?

Morgan Chase now says the loss on speculation could hit $8 Billion not $2 B Dimon reported to Congress.

Bankrupt city discards union contracts and debt—wave of future?

Stockton, Calif.'s bankruptcy filing will allow it to get out from under mountains of debt and costly union contracts, but is not indicative of the financial health of other municipal bond borrowers around the country.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

MA loves universal mandate despite Romney flip

MA loves universal coverage despite what Romney says

Universal coverage, including an individual mandate, has evidently not hurt the Massachusetts economy. It may have even helped the state's strong tech sector by providing health care security for entrepreneurs starting businesses.

The Tea party hates the mandate until they go to the hospital. Most Tea people are for Medicare—the single payer mandate.

This is the GOP plan. “Live free and pay through the nose” AFTER you get sick?

FSA may become “use-it and use-it” not "use-it-or-lose it"

Flexible spending account owners forfeit any unused balances. The "use-it-or-lose it" rule was initially put in place to keep highly-paid workers from abusing the program by deferring taxes on large amounts of salary, essentially using the program as a tax shelter. In 2013, however, the maximum FSA contribution will be limited to $2,500, which invalidates the original purpose of the rule. While the fate of the House legislation is uncertain, the IRS is also looking at the possibility of lifting the FSA "use-it-or-lose-it" rule. This account is used to pay any out-of-pocket medical expenses not covered.

RomneyCare is what we already have—millions without insurance

At a rally, he said he would prevent people with pre-existing medical conditions with a history of health coverage from losing their insurance. Doesn’t say how. Romney said he would also press for more private insurance options for senior citizens from Medicare and help states address the needs of an estimated 50 million uninsured Americans by freeing up federal funds from the national Medicaid program for the poor. "It's important for us, in my view, to make sure that every American has access to good healthcare," he said while offering few details on his proposals.

We have access now, we just can’t afford it. Romney can’t understand the situation because he can fire his insurer and get another one. Actually he is self-insured with $200 million in offshore banks he can afford to pay $2 mil out of pocket.

Do you really need life insurance later in life?

Sellers claim that you need to buy life insurance for three reasons. 1. Protect your family from loss of income if you die prematurely. 2. Estate taxes must be paid and you would have to sell something to pay the tax in 9 months. 3. Funerals are expensive. Only one of these is a legit reason and you don’t need to pay for the expensive permanent life insurance to take care of your family. Term coverage is cheap and takes care of reason #1.

Estate taxes begin after you have $5.12 million in assets. If you and your spouse title assets equally, you have no worries for $10 million. If you have that kind of money, there are many solutions that cost less than insurance. #3 can be taken care of with many of the same solutions. Few people need to buy expensive insurance for funerals. The premium is more than you can accumulate in any low-cost mutual fund. Besides you can specify how you want your funeral handled and plan for the costs. You might even give your body to science so someone else might be helped instead of having family cry over your body and then ‘store’ it under ground.  

Members use our Insiders Guide: http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X/

How much are you paying your 401k or regular mutual fund’s directors?

These wealthy people meet 4 times a year and some take home $260,000 a year each! That is all they do for you. They are usually picked by the management company so they don’t really get to live up to their job—Stewardship. They are supposed to be on your side when it comes to keeping fees down and keep the manager honest. They get paid for being a rubber stamp, let’s face it. If they really did what you paid them for, they would not allow managers to do the things they have done—pay for bad performance and give special deals to big investors. The directors get to stay as long as the manager wants their votes. Even the Supreme Court has seen that directors “cannot, as a practical matter, sever its relationship with the advisor.” http://www.mpiweb.com/content/view/71/

Stop paying for expensive managers and their friends’ $260,000 club. The costs are not shown on your statement. If your money earns 5%, you only get 3.5%. And they get raises every year so you end up paying about 40% of your total nest egg for nothing. Member avoid the high-cost funds: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

Is talking to your car really worth all the problems?

Ford thinks it is. Ford hit the [near] bottom of the list of J.D. Power & Associates annual Initial Quality Survey of new-vehicle owners. You have to reboot your Ford now.  Jaguar (India’s Tata) finally got it together and improved from 20^th to 2^nd. Lexus is 1^st with Honda family 5^th. So if you can do without the distraction of a computer screen in your face, you might find a value—quality at right price—in a regular ride. Yes, people actually yell at their car when it doesn’t understand English. Duh. That’s what people are for. 

http://autos.yahoo.com/blogs/motoramic/key-car-quality-study-ranks-software-bugs-most-170243393.html

Will Social Security benefits grow in future?

Falling housing prices, diminished 401(k) accounts, and the growing number of adult children returning home are among the factors leading two thirds (65%) of Americans aged 48-60 to believe that they will have to work beyond the age of 65. If we work after age 65, we will add to the credits of our SS benefits. We also can make sure we can afford health care. We can build our own “lifestyle” security and not have to worry about government benefits. We have enough time to do it:  http://www.amazon.com/Forget-Social-Security-Medicare-Lifestyle/dp/1466394285

CA wants to give workers, without 401k, a pension run by private managers

Supporters say employers just don’t want to deal with pensions. There are 7 million workers who don’t have access to a plan at work. Under the bill passed by the Senate, employees would defer 3% of their salary into the plan unless they opted out. Employers could make matching contributions. The plan would guarantee a minimum return tied to the 30-year Treasury bond rate. (Vanguard’s VUSTX= 9%) Industry groups are fighting the bill even though they would be the recipients of $ millions in fees.

Is a reverse mortgage right for you?

This expensive way to get cash out of your house may be your only alternative. It assumes you have equity and few other assets. However, before you make this decision, study your alternatives. RM is expensive—just like a regular mortgage. RM is an investment for the bank so they are NOT likely to give you a break on fees or rate. RM is usually irreversible. Yes, your family can buy your house back from the bank when you pass, but again, it is on the bank’s terms. The alternatives include home equity line of credit. In these low interest times, you can pay 3.24% on $200,000 with no fees. Some allow interest only payments. $200K in a balanced fund might earn 7% and you don’t even touch the principal. Or, you could sell your house to the kids for monthly income or to pay off debts. Some people have rented out a room to gain income. Others have moved to a smaller place and lived on the rental income from the old. RM does not allow this flexibility. An outright sale provides cash to rent or downsize. RM makes little sense with cheaper alternatives.

Socialism for the rich—Hungry will have to rely on charity

A New York senator will try to cut $4.5 billion from the nation's publicly subsidized crop insurance program to preserve spending on the nation's food stamp program.

Sen. Kirsten Gillibrand, D-N.Y., will offer an amendment to the new farm bill that the Senate could vote on as early as Tuesday. The farm bill, which is of particular importance in Minnesota and other Farm Belt states, contains an expansion of the crop insurance program designed to make up for the elimination of direct payments to farmers.

Gillibrand said on Monday that the Congressional Budget Office has estimated that food stamp cuts currently in the farm bill would take away an average of $90 per month in payments to nearly half a million households.

Will lobbyists or the poor win?                      Lobbyists won—Agribusiness got more!

Did you ever wonder how Mr Romney paid less than 15% tax on his $21 million income last year? Warren Buffett says he doesn’t hide his wealth in offshore accounts like Romney and pays only 17%. You can reduce your state and federal taxes too. Law Steeple, one of our Insiders, shows you how.

Tax-FREE Retirement: Use the tax code for lifetime income free of tax

Only $12.95 http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

SCAMS           “Only the little people pay taxes.” Leona Helmsley

“nonprofit” Insurers sit on $1 billion while sick go without insurance

WA Premera Blue Cross and Regence BlueShield each now have surpluses of more than $1 billion, according to their most recent filings for the three months that ended in March, The Associated Press reported. The annual double-digit increases in premiums over the past several years have forced employers to pass on more of the costs to employees or stop offering insurance as a benefit. The cost of individual health policies in Washington more than doubled between 2005 and 2011. Yet despite the high costs, people have little choice but to buy coverage -- for now. Having no health insurance puts families at risk of financial ruin.

CA insured to get refunds—Travelers charged wrong rates?

Insurer Travelers Companies will pay $10.5 million in refunds and penalties for violations. Travelers will refund $9 million to customers and pay a $1.5 million fine for violations in the first six months of 2006, the state said. Examiners looked at nearly 1,300 policies and found about 220 errors, mostly related to improper underwriting or the improper application of rates.

BoA Merrill caught overcharging customers since 2003

Merrill will pay fine and reimburse $32 million to 95,000 customers. Time to move your account?

America for sale? President for sale? Our representatives for sale?

Oracle's Larry Ellison just bought a Hawaiian island. He paid $600 million; no tax. He has $36 Billion left.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

Financial power in the 21st century

Financial power for the 21^st century

Will you have enough in retirement? Now is the time to find out.

You could have about $250,000 extra to supplement your Social Security benefits in about 15 years. Will You Have Enough? takes you through the process of determining how much you will have. Law Steeple has been an industry executive for over 20 years.

http://www.amazon.com/Will-You-Have-Enough-retirement/dp/1477594086/ $12.95

Seniors are the target of scammers—“That is where the money is”

Nearly 60% of the respondents — all professionals who work with the elderly — to an online survey conducted by Investor Protection Trust said that they deal with elderly victims of investment fraud “quite often” or “somewhat often.” Nearly every one of the 763 participants in the survey said that the problem of financial exploitation of the elderly is “very serious” or “somewhat serious” and 84% said it was getting “much worse” or “somewhat worse.” The survey by the nonprofit included 76 state securities regulators and 77 financial planners, in addition to medical professionals. Members have solved that problem: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

CA insurer manipulated system to get rid of sick? This is RomneyCare?

Blue Shield has used enormous rate hikes, and the threat of rate increases, to force patients into lower-benefit and higher-deductible health coverage in violation of state law. BS gamed the system by alternately closing older policies and opening new ones in order to push older, sicker consumers who are more expensive to insure into lower benefit, higher deductible coverage that requires consumers to pay more out of pocket.

The lawsuit seeks to stop Blue Shield from shoving its policyholders into what is known as a "Death Spiral"–the industry term for what happens when a health insurer "closes" certain insurance policies to new customers, and later raises rates to those remaining in the closed policy until those enrollees can no longer afford coverage. "Blue Shield closed my family's policy and then threatened us with a 23% premium increase. We had no choice but to switch to the only bare bones policy Blue Shield offered us. When Blue Shield canceled the original rate increase, the company refused to let us transfer back into our old, higher benefit policy. Then, Blue Shield raised the rate of our bare bones policy by 14.8%!" said Robert Martin of Gilroy, litigant.

Middle class can’t sustain American economy—Rich take more income!

The average American family saw their net worth drop 40% in that three-year time period from $126,400 to $77,300. Three-quarters of the loss, not surprisingly, is due in large part to falling home prices, which have seen no reprieve since the housing bubble began to burst in 2007. The average homeowner saw their net worth fall more than $70,000 from roughly $250,000 in 2007 to $175,000 in 2010. But what is surprising is the fact that overall net worth has fallen to levels not seen since the early 1990's, long before the housing bubble even began. In three years, 18 years of savings have been wiped away for the majority of the country and at the same time wages have fallen. The average income fell from about $50,000 in 2010 to $46,000 in 2007.

But this negative trend does not stop there. As average families become poorer, rich Americans are growing richer. The Fed survey showed the wealthiest 10% of families actually saw their net worth rise from 2007 to 2010. Over that time period, their net worth increased from $1.17 million to $1.19 million. http://www.federalreserve.gov/pubs/bulletin/2012/pdf/scf12.pdf

Where have all the job-creators gone with their Bush tax cuts?

The continued decline of the American middle class and the ascent of the rich has resulted in income inequality at levels not seen since the Great Depression. While the bulk of consumer spending has historically come from the middle class, if the majority of Americans continue to suffer from falling wages and income, eventually something has got to give. There is no possible way for the super-rich to buy enough stuff to float the entire U.S. economy.

It's growing increasingly clear that we live in drastic times and drastic measures must be taken to save the country's middle class. One drastic measure is that more Americans are putting off retirement because they simply can't afford it.

But with Americans living longer and putting increased strain on programs like Social Security and Medicare, the retirement age is going to have to be raised for one reason or another.

Members create a tax-FREE Wealth Reserve: http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466/

Your Affinity group may obtain discount insurance

Members of Ducks Unlimited, the world leader in wetland and waterfowl conservation, now have access to special group discounts on auto, home, and other property and liability insurance from MetLife Auto & Home and other national insurance companies through a new program designed just for members of Ducks Unlimited. Your alma matter or church or civic organization my offer you a discount too. Check our list: http://www.amazon.com/gp/product/143480593X/

Insurers give back premiums

Health insurers are expected to rebate $1.3 billion in premium charges to employers and consumers by August because the companies didn't spend enough on customer coverage in 2011. "This study shows that asking insurance companies to put more of their premium dollar toward patient care rather than administration and profits is not only popular but also effective. There are tangible benefits for consumers and employers," said Drew Altman, Kaiser Foundation president and CEO.

Insurers and employers say they will continue with reforms despite Supremes’ political decisions

Some insurers will continue to offer important health care insurance protections that were included in the 2010 health care reform law, no matter how the U.S. Supreme Court rules in cases currently pending before the Court. For instance, there are 7 millions of young on their parents’ insurance because they have no affordable coverage. The GOP may force them off and raise the uninsured to over 50 millions. “Fewer Americans would need to remain on their parents’health insurance if they had stable, full-time work,” GOP DeMint wrote. Yes, the point is they don’t.  http://www.businessweek.com/news/2012-06-08/health-law-adds-6-dot-6-million-young-adults-to-parents-u-dot-s-dot

Socialism for the rich—Hungry will have to rely on charity

A New York senator will try to cut $4.5 billion from the nation's publicly subsidized crop insurance program to preserve spending on the nation's food stamp program.

Sen. Kirsten Gillibrand, D-N.Y., will offer an amendment to the new farm bill that the Senate could vote on as early as Tuesday. The farm bill, which is of particular importance in Minnesota and other Farm Belt states, contains an expansion of the crop insurance program designed to make up for the elimination of direct payments to farmers.

Gillibrand said on Monday that the Congressional Budget Office has estimated that food stamp cuts currently in the farm bill would take away an average of $90 per month in payments to nearly half a million households.

Will lobbyists or the poor win?

Two of our “friends” helping Iran evade sanctions by giving insurance and we let them!

Indian state-owned refiners will halt planned oil imports of 173,000 barrels per day from Iran when European sanctions take effect in July, unless the government permits them to use insurance and freight arranged by Tehran, industry sources said. Japan's cabinet ministers approved and submitted a special bill to parliament on Monday to enable the government to provide insurance cover for Iranian crude imports once a European Union ban on insurance and reinsurance takes effect on July 1.

Plus ING Bank pays fine to bank for IRAN

ING Bank NV agreed to pay $619 million to settle U.S. government allegations that it violated U.S. sanctions against Cuba, Iran and other countries. It was the biggest ever fine against a bank for sanctions violations, officials said.

SCAMS           “Only the little people pay taxes.” Leona Helmsley

Will States need a bailout next? 

Banks cash-in on their own failed products. New York State, for one, has paid $243 million in recent years to extricate itself from swaps-related debt. That money went straight from taxpayers’ pockets to Wall Street.

Corporations rarely do deals like these, because they generally avoid making long-term bets on interest rates. But bankers sold the idea to public borrowers. The total bill to terminate all of these swaps-related deals would run into many billions.

“Derivatives are time bombs,” Warren Buffett

http://www.nytimes.com/2012/06/10/business/banks-could-return-a-favor-to-governments-fair-game.html

Insurers low-ball your claim by changing settlement software program

A newly released report by a former Allstate Corp. claims executive working at a consumer rights group alleges that most of the nation's biggest insurance companies use computer systems that can be manipulated to underpay injury claims.

The report was issued Monday by the Consumer Federation of America, whose claims project director, Mark Romano, had worked for the Northbrook-based insurer, as well as CNA and Hanover. Romano last year joined the Consumer Federation of America as claims project director.

"This report is a wake-up call for consumers and regulators who are not aware of the many ways that computer claims' software can be manipulated to produce unjustifiably low injury payments to consumers and tens of millions of dollars in illegitimate 'savings' for insurers," Romano said in a statement.

We have to hire a claims adjuster to speak for us. http://www.consumerfed.org/news/536

AIG continues to play games with the law despite US ownership

AIG will pay California $15.6 million in penalties to settle allegations that its insurance companies underreported workers' compensation premiums over several decades. America still owns AIG but treasury lets them carry on these scams

Our ‘representatives’ bought $180 million in drones that just sit near border

Sounds like another military industrial complex cost overrun at the Pentagon. “We don’t need anymore.” “Sorry, we already gave the $ billion contract to AeroVironment for more drones instead of helos.” http://cdn.theatlantic.com/static/mt/assets/science/OIG_12-85_May12.pdf

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com