Is an annuity right
for you?
Before you talk to
your advisor, you need to understand the market price of what you
are really buying. Annuity buying is like car buying. Before you even step in
the door of a car dealer, you better understand what you are looking for or you
may NOT get what you need. Our financial planner is on salary so there is no
reason to tilt
the presentation to one product. Consider if you could benefit from a better
deal before you enter into the non-cancelable annuity contract. For
instance, you can generate a $1,100 a month from a $200,000 nest egg and ADD
eggs at the same time. An annuity of the same deposit provides $1,100 only for
your life but NO more eggs. If you die, you lose your deposit.
Make sure you have
the best deal: https://www.amazon.com/Combo-Annuity-Guaranteed-Income-Growth/dp/1493572237
Don Trump could be a
great president
Trump could create a huge legacy in American history by cutting
the national debt. All he has to do is end
all the tax loopholes and subsidies to the wealthy and business. Almost
every type of business has special deals that make it more profitable. It is
how capitalism becomes socialism
for the rich. Consider the bank bailout. Bankers got huge bonuses for
making risky bets with our money. When the bets went bad, we taxpayers
had to make the banks—even the foreign banks—whole. The gamblers lost
nothing. Instead of helping us, our reps keep giving subsidies to big
agriculture for ethanol, subsidies to big
oil for drilling, subsidies to aerospace
to for planes, even subsidies
to Congress people who claim to be ‘farmers’. We give even more $ billions to
businesses in the form of “income
tax expense” or B.S. for tax credits for losing money. For instance, we
gave Don Trump almost $
billion tax loss credit for doing a few bad deals. Our government
has no accountability in our cost
overrun spending for projects like building a hospital or a bunch of F35
fighter planes that don’t work. ‘Smoking crack’ was given as an excuse for
the poor planning and authorization by officials. Meanwhile the average
taxpayer is hit with 97
taxes that take an average of 33% of income. Rich
people like Warren Buffett, Mitt
Romney and John Kerry pay 17% or less. Most
foreign firms avoid taxes too.
Trump could end Socialism for the Rich: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584
Has America become a “banana” republic?
A “banana” republic:
A country where the large corporations and the wealthy receive all the income
and pay
an ever smaller part of the tax bill. Since 1980, 99%
of all income has gone to the top 10% of families. A country where the
people’s representatives must beg for campaign contributions 70%
of their time. And the decisions by these representatives as a group help
the wealthy
and their companies remain in the bonus column. Thousands
of subsidies and tax loopholes are created by those already doing well so
that the rules keep getting bent in their favor. Our
taxes continue to subsidize companies already doing well. Even those
institutions set up to fight
inequality and unfairness—the justice apparatus and Supreme court—are
swayed by the prejudiced,
the rich and the powerful. Justice Department head
meets with presidential candidate’s team weeks before elections. FBI
director announces just before election one candidate is under investigation
without mentioning the other one is too. Intelligence agencies determine that a
foreign
power is pushing one candidate. Supreme Court nominee is refused
a hearing and vote by Congress contrary to our tradition. Justices are
routinely given free vacations and trips by companies with cases to be
decided by those justices. Institutions
set up to keep our air and water clean are biased by those representing special
interests. A country that gives the already wealthy, tax
breaks in the name of jobs. As average family
income has remained the same for 50 years as adjusted for inflation. All
the increases in work productivity
have been translated into a big raise for the wealthy few.
A country where the
leader is elected after calling women vile names, groping
them and admitting
sexual assault.
Is America becoming a banana republic? Typically, the
banana republic has a society of stratified social classes, usually a
great and poor working class and a ruling-class plutocracy,
composed of the business, political, and military elites of that society.[1] Such
a ruling-class oligarchy control the primary sector of the
economy by way of the exploitation of labour;[2] thus,
the term banana republic is a pejorative descriptor for a
servile dictatorship that abets and supports, for kickbacks, the
exploitation of large-scale plantation agriculture, especially banana
cultivation.[2]
What happens when the
‘millionaire’ tax is gone and deficits rise?
Trump has proposed
an end to the alternative
minimum tax which Nixon imposed to make sure millionaires paid some tax
after deducting all their expenses. Trump
and his tax credit class will be able to deduct all their expenses—even
those they made up. Trump personally will have an extra
$60 million in tax savings. Fewer wealthy people will be paying taxes,
especially if they convert
their personal income to a business with a 15% tax rate. Money
managers say wealthy don’t create jobs. The KS tax cut proves cuts do NOT
make jobs. The GOP does not seem to have any problem with increasing
the national debt as they cancel the estate tax (estates above $5.5
million) also. Each taxpayer will owe $173,730 on the debt
by 2021. Since many wealthy people, corporations
and foreign firms avoid taxes, only working people will be paying the
taxes. The GOP likes a new national sales tax, a spending tax, a ‘border
adjustment’ for the future. Avoid their taxes. Start a legal tax shelter now: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520
Vanguard is having a
sale on stocks and bonds
As more paid
advisors move your money to index funds that pay a commission (ETFs), the not-for-profit
Vanguard Group is challenging them to cut fees again. On some of their most
popular funds, it is almost FREE to invest with Vanguard. The largest fund
family has cut
Total Stock and Total Bond fund expenses by 25% to 0.04% per year. That’s
$40 per $100,000 invested. That means that if you are paying the standard 1.4%
to your advisor, you are overpaying
by $1,360. If you are getting great money-making advice from your advisor, they
are worth it. If they provided over 18.55%
return in the last year then you have a gem. If their bonds provided over 2.43%
yield over the last year, you can feel good. They are the exception to the rule
Morningstar,
the tracking firm, found:
“In every single time period and data
point tested,
low-cost funds
beat high-cost funds.”
If you can afford to give up 13 hundred dollars every year over the next
10 or 20 years, do NOT take advantage of this sale. That is $13,600 and $27,200
in costs plus the difference between what they earn for you and what the market
does. There are only 1 or 2 advisors that have ever beaten the market. Good
luck covering their expense ratios too.
Low-cost works for
managed funds too: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Are you afraid of
withdrawing your retirement money?
Some studies show
that retirees are hording their money. Some are reluctant to take the money out
for fear of not having enough. They fear large medical bills later in life. The
insurance industry has been spreading this fear in order to sell long-term care
products. Others hold their money for the next generation seeing how difficult
times can be for their young. Every person has their own way to spend in
retirement but the IRS requires that we take out money each year at their rate
or we pay a penalty. The IRS requires withdrawal percentages based on tables of
life expectancies.
The Required Minimum
Distributions (RMD) strategy allows the percentage of remaining wealth consumed
each year to increase with age, as the retiree’s remaining life expectancy
decreases. In a 2012 study, researchers compared the RMD approach with 1)
other rules of thumb (such as living off the interest, basing withdrawals on
remaining life expectancy, or taking out 4% each year) and 2) an optimal draw-down
strategy that maximizes a household’s utility from consumption. The RMD
strategy did ok and has logic on its side. Some retirees take the RMD but don’t
spend all of it. They add to their Roth IRA which provides a tax-FREE cushion
for whatevery happens in the future. Some young people use the Roth IRA now as
their main pension strategy because there are no restrictions—no tax, no
mandatory withdrawal, no forced use.
Prepare for your
future: https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260
Trump’s Promises and
Outcomes: lying and
flipflops to build his image
Promise: “Great
plan” covers all: Outcome: 24
million lose coverage, pay more
Kill NAFTA Outcome: it
hurts workers because their jobs depend on trade.
Pass on Trans-Pacific: Outcome: China
becomes the leader in Asia.
Kill Paris
climate agreement: Outcome: We can’t stop planet over heating.
Praise Syrian President Bashar:
Outcome: decried
him as a "butcher"; replace him
NATO is obsolete: Outcome: NATO
is no longer obsolete
Middle
East peace easier: Outcome: Harder than health care “who knew”
Obama fakes unemployment rate:
Outcome: I
got it down to 5% really
Restore Supremes to Scalia-type
decisions Outcome: anti-worker
truck decision
End national debt in 8 year:
Outcome: Add
5.5 Trillion to debt in 10 years
Create jobs Outcome: Jobs at Ford,
Carrier, SoftBank, Toyota
already in works
Replace ObamaCare Outcome: bill
will never have enough votes to beome law
Build Navy: Outcome: Ships kill no Terrorists; hide in plain sight with civilians
Keep kids healthy: Outcome: cancel
school lunch standards; back to salt, fats
Go to Mars: Outcome: too
expensive, cheaper to fix Earth
Build The Wall: Outcome: build
bigger wall around the White House
Reduce legal immigration: Outcome: America’s
growth and creativity is slowed
Deport 11 million tax paying workers:
Outcome: violates American tradition
Make
defemaion suit easier Outcome: 1st Amendment gives us right to
speak.
Tax-advantaged
religious groups can help GOP: Outcome: violates constitution: religion
used as excuse to discriminate against those with other beliefs
Warren Buffett’s
investment strategy
His annual
stockholder’s meeting May 6 is time for advice on investors’ big mistake: “Well, the big mistake is thinking
they know when to buy and sell stocks.” Buffett recommends passive investing
through a “very, very low
cost S&P 500 index fund.” “They don’t need to do anything but that,” he
says. “Then they’ll get a decent result over time. To some extent, the smarter
you try to be, the worse you do in investments.”
Set up the plan and leave it alone: https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900
*****************
TrumpWorld
We have entered
the Twilight Zone:
"There is a fifth dimension beyond that which is known
to man. It is a dimension as vast as space and timeless as infinity. It is the
middle ground between light and shadow, between
science and superstition, and it lies between the pit of man's fears
and the summit of his knowledge. It is an area which we call the Twilight
Zone" where “alternative
facts” and illusions of conspiracies are lived out. Lies are considered
true. Incompetence
is praised. Truth is what the loudest voice says it is over and over.
Rod Serling
‘Trump’
brand is all he cares about—it is all he knows. Staff creates image not
policy
Trump
uses worldwide State Dept site to promote his $200,000 golfing membership Wealth
foreigners see his club on US embassy website and are induced to buy.
Impeach
The Don: Let’s
shut down the government next time as revenge
Trump tax cut for corporations and wealthy class adds $5.5
Trillion debt
“I’m the king of debt,” Mr. Trump said last year on CNN. “I
love debt.” The Committee for a Responsible Federal Budget said the plan would
probably lead to a loss in government revenue by roughly $5.5
trillion over 10 years.
Can
you cut taxes and build The Wall, repair the bridges and roads, and deport 11
million people and still reduce the deficit? Economists say higher debt
will drive up interest rates, curbing the very growth the cuts were intended to
foster.
KS
tried cutting taxes to stimulate jobs and just went into deeper debt. Few
new jobs created because corps don’t want bad schools, roads, public service,
high sales taxes.
Trump GOP budget: GOP
cuts programs of folks who have no
power to oppose cuts. Cowardly. The Don does not
like diplomacy, aid to poor, US
19 Agencies you may use being cut
from American society: The Don does not like Meals on Wheels, Sesame St. NPR
radio, Arts, Miners retraining, Seniors volunteers for poor, Americorp youth help poor, 62 in all for $343 billion.
Trump’s budget man wants to cut Medicare and delay Social Security
benefits to age 70.
What GOP does NOT cut:
No cuts to subsidies to Boeing,
GE, Intel, Nike, Shell, Fiat, GM, Ford,
hundreds more.
No cuts to govt cost overruns of $ trillions
each year. And Congressperson subsidies.
Wealthy 1% will
receive a $165
billion tax break, Seniors
go back to food stamps.
Wealth managers keep “carried interest” -- lower
taxes on profits
No
cuts to United Airlines subsidy even after rip a paying customer from his
seat.
Tax returns do
matter for presidents that make deals with foreigners:
Trump and GOP are
working to cut
their own taxes which average 12% now. Yours?
Trump says he is under
another new audit so can’t show taxes: continuous audit?
Trump may owe $
millions to Putin’s banks. Trump wanted permit to build in Russia
*
Pre-existing
conditions are in the bill but you can’t afford that coverage
Like before
ObamaCare, you
can buy health insurance to cover your needs but cost is too great. The Don
and GOP have tricked
us by claiming to include ACCESS in their new bill. Access means your state can decide for insurers to offer cover
in a pool with others and charge whatever the market will bear. They also did
not mention that all the 10 guaranteed
benefits are optional -- not required as in ObamaCare. The GOP wants to go
back to the days when America was Great: Health Care was for the wealthy. Average
peson can afford only JUNK policy. The GOP bill gives the rich tax
cuts that add up to $883 billion. The real TELL in this vote: Congress
members will NOT lose their ObamaCare guarantees in this version. Trump has
his WIN and we lose. 24 million people lose coverage. Even Fox
News sees single payor in 7 years as a result.
Side by side
comparison ObamaCare vs TrumpCare: http://www.latimes.com/projects/la-na-pol-obamacare-repeal/
Flynn
as paid secret foreign agent while US official and campaign knew it--traitor
Flynn, as part of
the Trump campaign and named security advisor, had access to all US secrets and was secretly in the pay of Turkey and Russian spy handlers. Flynn
at Putin’s RT party. He received $530,000. Isn’t
this treason? By law a US
officer cannot receive money from foreign governments. Like Ben Arnold, he
was official of US government while being paid by foreign powers. Flynn is not alone. Other Trump operatives are also under investigation by
the FBI for potentially illegal contact with senior Russian intelligence operatives. Donald Trump also
has a longtime pattern of open admiration for gangsters and organized crime. FBI is following the Steele
memo on Trump activities in Russia. FBI, NSA said Russia sought to influence the election. 35% GOP
say didn’t.
Did Trump do a
background on his hires? Or were Flynn, Page, Manafort plants under Putin
control and leveraged by the Trump scandal hidden in Putin’s video player?
Civilians conspire
with a hostile power to end Presidential sanctions against that hostile power
we are fighting in Syria and Ukraine
Flynn was warned
not to take money from foreigners when he left Pentagon. Trump
refused to give Flynn docs to committee on Russia influence. Coverup? Treason?
*************
Regulators are the only protection against
corporations 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!
GM and Saab recalls ? 312,000 vehicles for headlights
that can suddenly go dark.
GOP
to hide consumer complaints about bad behavior and fraud by financial firms
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
GM
killed 124 because ignition switch pin not replaced after knew it
killed first in 2006.
Police want gun control.
When everyone has guns; your
chance of being killed goes up. Police don’t know who
to shoot. They assume everyone has one and shoot
first. You and thief have guns. CO schools now allow
teachers/administrators to carry
guns in the classroom. Kid lesson! Since 2015, police have killed
86 people with realistic looking FAKE guns--suicide?
SCAMS:
Hillary: The world
does not want to hear you cry in your beer. Bill’s
meeting in secret. Lack
of credible vision for America—“Steady” “not Trump nightmare”?
Comey
disclosed investigation to save FBI face; but did not disclose Trump-Putin
probe.
GOP to give employers
more choice in overtime pay.
Ignoramus Award:
How our government
wastes our money:
$120 million in
additional money to help cover the escalating
costs of protecting the Trump family and Trump Tower
Where have all the
jobs gone?
When your job is to
teach a computer to make you
unemployed
By 2018, 75 percent of new
business software will include artificial intelligence features.
Which job board sites are best
for your job search?
Cancel Robo calls with Mr NoMoRobo: https://www.nomorobo.com/
Miracle:
When Trump gets a history book on the Civil War. Why Civil
War? Don,
it was slavery. Ms
Bachmann had the same idea. She said the founders got rid of slavery. Is it
class?
Rich white folks sometimes forget Americans enslaved fellow
humans for profit.
Perhaps that is what they teach at those rich white private
schools & military
academies.
IAN
41 Watchung Plaza, B242
973.746.2014
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