Take advantage of a Private
Tax System that can save you $ thousands
The very richest are able to quietly
shape tax policy that allows them to shield billions in income. You need
lawyers and enough cash to grease the Congress and Presidential candidates.
They will front for you in tax court, through arcane legislative provisions and
in private negotiations with the IRS. One observer said, “Frankly, it is almost
beyond the intellectual and resource capacity of the IRS to catch.” With
enough money (influence) you can pay what you want to pay. Most reduce their
tax rate from 39% to 17% (see IRS graph) or nothing at all. “We do have two
different tax systems, one for normal wage-earners and another for those
who can afford sophisticated tax advice.” But what if you don’t bring home
the average $336 million (NOT from wages) or have a Bermuda
office? You can use the only tax-FREE IRS-OK account for working people:
Is life insurance in retirement right for you?
If you have been paying for a policy with cash value for
your whole life, is it still right for you? If you want your kids to get
something when you are gone and you have few assets, this contract is your
guarantee. Can you afford to keep paying for it now? If not, give it up and
take the cash. Invest it for the grandkids or charity? Taxes are due on any
gain above what you paid. If you just stop paying, you will have extra income
and the value might carry the policy for years. You could trade it for another
less expensive policy. Use a 1035 exchange tax form. You can sell the value if
large enough but you might have a tax bill. Ask family if they want to pay for
it as future tax-FREE gift. Give it to charity for the tax deduction.
Why are hedge funds closing in greater numbers?
674 hedge funds liquidated in the first nine months of the
year, compared with 661 in the same period during 2014. Many managers gambled
on energy stocks and interest rate moves that went bad. Wall Street managers
have more bad ideas than good but they do not advertise this fact. Like Trump,
they talk about getting richer
from their expertise when they could have done better by just holding a
stock market index fund. Trump’s net worth was $200
million in 1982. In Vanguard’s low-cost 500 index, Trump would have about
$8.3 billion today. This is close to his own estimate. Not brilliant
businessman!
Let Warren Buffett be your advisor: http://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
Do you let financial compounding make you wealthy?
Compounding: Warren Buffett grew his $6,000 paper route
money into $67 Billions. “My wealth has come from a combination of living in America ,
some lucky genes, and compound interest.” When we use a Roth IRA to
invest $250/month in a stock market index over time, we can spend $2,500 for
every $250 invested. If we invest every month we are working, we can have
enough money to live comfortably in retirement. Our money earns money by itself
because companies pay dividends and earn profits. A market index share owns
many companies so we don’t lose money when one fails over time. Here is the score:
2015 1.4%; 2014 13.80%; 2013 32.43%; 2012 15.88%; 2011 2.07%; 2010 14.87%. If you had $100,000
in 2012, you added ONE THIRD in 2013!
Use the Miracle of Compounding: http://www.amazon.com/The-Miracle-Compounding-Turn-into/dp/1470176513
Is a Robo-Advisor right for you?
The next generation is moving to computer investing—giving
up on high-fee Wall Street firms. 65 percent of one Robo’s customers are under
the age of 35, and 90
percent are under age 50. Investment portfolios range from $5,000 to $10
million. The average is $90,000 with a lower median. Most brokers say they need
at least $½ million to ‘survive’ on fees. One observer notes that when your
firm takes 2% in commissions, fees and trading losses, you are giving away 63%
of your portfolio potential. It only makes sense to go to low-cost firms and
the least expensive ones also offer licensed rep on the phone. Avoid the Pimps
of Wall Street: http://www.amazon.com/The-Pimps-Wall-Street-middlemen/dp/151525254X
Are you Winning the Investment War?
Are you earning less than 11% per year average on your
retirement money? Is your broker/advisor taking 1.5 or 2.5% of your account
EACH year whether they make money or not? How many years have they beaten the
market average of 11%? Did you know that your broker/advisor have strict orders
NOT to help you reach your goals using low-cost products? … even if they are
right for you now? Do you understand what your advisor has in your portfolio?
Why do you pay 12-b1 fees
for marketing charges if you already own the funds in your account? Did you do
any research on your broker/advisor? Have they been sanctioned in other states?
Did you earn 1.4% this year?
You can Win the Investment War: http://www.amazon.com/Win-Investment-War-Earn-11%25/dp/1522916369
Does our President need to be rational and truthful?
Kasich: Best political advert: Retired Air Force Col. Tom
Moe reading statement:
"You
might not care if Donald Trump says that Muslims should register with their
government because you're not one," And you might not care if Donald Trump
says that he's going to round up all the Hispanic immigrants because you're not
one. You might not care if Donald Trump says that it's OK to rough up black protesters,
because you're not one, You might not care if Donald Trump wants to suppress
journalists because you're not one. But think about this, if Trump actually
becomes president, he just might get around to you — and you better hope
there's someone left to help you."
Cruz: GOP
religion and wealth hold private planning session. Gets $19 million 4qtr.
Obama: 71%
who signed up were renewing and 60 percent returned to update info.
Nixon doctrine: “when
the president does it that means that it is not illegal” god?
Regulators are the only protection we have since we
can’t sue anymore
“It
is nearly impossible for one individual to take on a corporation with vast
resources.”
Supremes
stop us from suing—State courts no longer available to sue corporations!
TX has legalized gunslingers
in 2016—first since 1871—how long will it last this time?
"If I get a gun, I
guess I'd better put my hands up," state Dem who is black!
Frederick J. Hanna & Associates caught running an illegal
debt collection lawsuit mill.
Barclays caught switching clients into unsuitable
mutual funds—seniors got risky ones.
Merry Christmas--27
Americans were killed and another 63 were injured by guns today.
John T. Thornes, caught stealing
$4.4 mil from clients—no jail time.
Fiat made 40
recalls, totaling some 12 million cars in the U.S. ,
a record for the company.
Moshe Marc Cohen caught selling
annuity to hospice patients—no jail
time.
Major brokerage firms caught falsely
promising fiduciary role but denying it at hearing.
MetLife caught making
misrepresentations and suitability errors for annuities.
Salvatore Alesia JPMorgan caught telling clients they
were overcharged – salary $250K?
Marc H. Baldinger Stuart, FL, Ronald W. Vaught Melbourne, FL,
Marcus C. Rodriguez Houston, David L. Gabai West Hills, CA, Richard D.
Blair Bee Cave, TX, Doyle H. Brown Reno, NV, David E. Hitchcock Spring Lake
Park, MN, Michael John Smeriglio III Greenwich, CT, Thomas W. Markowsky
Orlando, FL, J. Michael Vaughn Lahaina, Hawaii; and Richard A. Connell Hingham,
MA
All these caught breaking the rules of good financial practice
at our expense. No jail time
We need regulation—GOP is wrong—companies would not fix
bad products on own
HOW CONGRESS WASTES OUR TAX DOLLARS
Special Inspector General John F. Sopko has spent years
documenting waste, fraud and abuse in the U.S.
military’s efforts to rebuild war-torn Afghanistan .
We
have spent $110 billion on reconstruction projects in Afghanistan .
When adjusted for inflation, that total exceeds the value of the entire
Marshall Plan effort to rebuild Western Europe , WWII.
=More than $8 billion in spending on counter-narcotics
efforts in Afghanistan
that have “failed by every conceivable metric. Afgans grow poppies like we grow
corn.
=The purchase of nearly $500
million worth of airplanes that never could fly and had to be turned into
scrap.
=Construction of a building
that literally began to melt when it rained.
A
$500,000 health clinic that lacked water and electricity. Newborn babies
had to be washed in a nearby dirty river.
= Biden promised an additional
$190 million to fight corruption in Ukraine's law-enforcement and reform
the justice sector.
=Congress
cut future Social Security benefits to spouses but not their own account.
=Navy's new $362 million ship broke down and had to be towed--lasted three weeks.
=VA keeps
paying managers found guilty of retaliation on workers who complained.
=federal workers,
who will get a 1.3 percent raise in 2016 but NOT for SS
recipients???
=$400 million for new FBI HQ in VA or MD.
=IRS stopped from limiting political gifts from non-profits so
rich can buy more votes.
= Military-industrial got biggest bump. For the first time
since Cold War, contractors are sending tanks, fighting vehicles and heavy
weapons to several Baltic and eastern European countries. Europe
can’t defend itself? Putin responds with more nuclear weapons. We have 50,000
‘active’ military that can’t deploy but are being paid. More =Nat. Guards
needed to fill in. Civilians hired to steer
drones from Las Vegas and get
bonuses.
=US just killed
ten Iraqi soldiers by mistakenly bombing own lines near Falluja
=IRS handed out $46 million in tax refunds
in 2013 by mistake—hire bill collectors
=FL postal worker landed his gyrocopter at Capitol proves $3 billions
wasted
=Pie in the sky
program cost US $231 million—contractor got rich instead.
=Another contractor giveaway that
does NOT protect us -- $2.2-billion flop!
=Afgan courts that we pay for allow
men to kill innocent women. Let’s stop paying!
Never again: 33
year old dies working his cell phone while walking off cliff.
SCAMS
Finally, airport
workers will be screened like we are.
Drunken kid who killed 4 found in Mexico
when ordered
pizza with cell. Leave him!
CA homeowner
who wastes 32,000 gallons of water a day – No shortage here?
IAN
41 Watchung Plaza, B242
973.746.2014
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