How much is your tax refund worth?

How much is your tax refund worth if you invested it?

I know it is hard to save for retirement with all the calls on your paycheck. The only way to do it successfully is to use the most powerful investing tool—compounding. The average tax return was about $3,000. If we invest it in the fund Warren Buffett recommends, year after year, we can end up with $1,000,000 for retirement. That would produce about $60-70,000 a year in income. So each $3,000 that we invest each year is worth about $29,000 later on. (1000000/35 years) Your refund is money that you lend to the government interest free. You pay about $125 a pay period to the Fed via your employer. It is forced savings—a socialist idea started during WWII. Most people had a hard time saving for their annual tax bill. We still do. So they made us pay from the job.

Use the easy way to save: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

Not too late to cut taxes and build retirement income

You may owe the IRS this year or receive a smaller refund. You can change that by increasing your deductions by $12,000 for a joint return; $6,000 for single. Open and fund a traditional IRA at your bank, mutual fund or broker by April 15, and you can reduce your income, thus lowering your tax obligations. A traditional IRA will also grow tax deferred so you pay taxes on the income and its accumulations when you retire. Hopefully you tax bracket will be lower then. If building retirement income sounds like a great idea, how about using your refund to create a nest egg of as much as $1 million. The average refund is about $2,900. Investing in a low-cost broad market index like the Vanguard S&P 500 for about 34 years will provide about $1,000,000. This is the perfect way to have the money when you need it even if your employer does not offer a 401k account. You can set up automatic investing from your checking so you never miss a market rise. You just keep investing year after year—no trading, no broker fees, nothing! Your future $1 million is in your refund: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

How do we deal with captains of industry who kill people?

OxyContin kills people—over 70,000 in 2017 alone. The maker, Purdue, gave physicians misleading information and never corrected it. Richard S. Sackler, and his family, got rich from spreading this addiction. MA sued them--accusing him and other Sacklers of “illegal deceit” in the promotion of OxyContin. Also, journalists at ProPublica and STAT recently published records from a 2015 Kentucky lawsuit suggesting that Sackler knew Purdue Pharma representatives were misleading physicians to help boost OxyContin sales. Our institutions used to stop highly addictive drugs from being spread ‘all over town.’ However, this family learned how to manipulate the system—first on Valium; now on Oxy. Sellers claimed they were ‘weaker’ than other opioids. Once caught, the sellers have just paid fines and kept on stuffing pills down our mouths. Since the regulators, President, lawsuits and fines can’t stop this carnage, the traditional answer has been our Reps—Congress. But now most of our Reps are funded by the drug empire. Only when public outrage at cocaine-infused Coca-Cola became headlines did Coke stop addicting us. GM killed 124 when it knew the key switch failed and no one went to jail. 70,000 drug deaths is almost twice the annual vehicle deaths.

What will it take to stop Purdue and the Sacklers from killing more of us? Bankruptcy?

12 Reasons to Roll Your 401(k) into an IRA

When you move to another job, you may have the option to leave your retirement money with your old employer. Don’t. First, you may find better investment options in a low-cost mutual fund provider like Vanguard, Schwab, or others. Low-cost bond funds offer better yields than stable value or guaranteed funds over time. Second, almost all large fund companies are fiduciaries. You have no idea what could happen to your old employer. Third, a low-cost IRA fund may cost much less than your employer’s plan—0.04 vs 1.4%. In fact, many employers’ plans are being sued for overcharging employees. Fourth, when you pay less, you earn more—up to 63% more. Fifth, unbiased advisors are available for your funds at funds like Vanguard—no commissions are allowed. Sixth, employer 401k plan advisors are conflicted by their arrangements with plan administrators. Small employer plans are often serviced by insurance agents with high costs. Seventh, every large fund complex allows small balance transfers. High-end advisors/brokers have high balance minimums. Luckily, Warren Buffett proved we don’t need them to beat high-cost advisor returns. A simple low-cost index fund returned 7.1% vs 2.2% for advisor picks over 10 years. Eighth, there are no transaction costs to move funds from one fund to another. However, trading is discouraged since trading causes losses. Ninth, IRA funds are protected from creditors just like 401k funds. Tenth, you can borrow from your 401k and not from your IRA but retirement savings is your future. There are NO loans for income when retirement comes. Eleventh, an emergency fund is the place to borrow for a current crisis. Many 401k loans are not repaid so you give up your future. Twelfth, moving your money to a new employer is tricky. Having your IRA trustee move your money for you is easy and safer. You are starting a new job and you don’t need the hassle of lost money. Besides, you must rollover to an IRA account eventually. You should have all your funds in one place when you retire. After 30 years of changing jobs, many retirees have forgotten or lost their 401k balances when they retire. Most smaller employers don’t want to hold your 401k. If you leave it with your old plan you will have to deal with the old plan administrator not your old employer.

Consider carefully: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

IRA expert Ed Slott’s explains what you need to know

Most of us have IRAs in retirement because we cannot keep 401k accounts going at the old job. What we need to know is crucial because there are penalties for not following the rules of withdrawal and inheritance. You need to have some idea what your advisor is doing because you are ultimately responsible for your taxes. Most advisors are not tax experts but they do move your money and a lot of it is in IRA accounts. Ed Slott is the expert and this is what he teaches advisors if they take his course. IRAs require withdrawals, taxes, re-titling after death, beneficiary updates, perhaps a trust and definitely capital preservation/income stream decisions. Since the money has not been taxes, every decision can have tax consequences. Sometimes date of execution is important.

Look before you leap: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Which kind of advisor do you need?

We needed a fee-only advisor to help us make a plan for the future as we approach the time when we leave regular employment. All the advisors in our driving area only took on new clients with more money than we had accumulated. Most of them got paid by commission or a percentage of our assets every year. We were lucky to find a fee-only advisor through another advisor. She agreed to meet at her local shared office space near us. We told her what we needed and where we were financially. She agreed to do a plan for us at a cost much less than the annual fee of most advisors. Our portfolios were set with low-cost balanced funds and a few stocks mostly in IRAs and pensions. We were happy with what we had accumulated and didn’t need another broker making ‘wealth opportunity’ suggestions. After giving her our financial information and goals and questions, she presented her plan in about a month. She provided income/expenses for months and years for the next 30 years. Yes, we had enough to live comfortably and keep our home with high NJ taxes. All our financial goals were accomplished. We were happy and satisfied. We felt lucky we found someone who gave us a written plan for the right price. Most of all, she listened, asked the right questions and gave realistic answers. She was really a financial therapist. She calmed our fears that we would not have enough to do what we wanted for the rest of our lives. Our investment advisor is Warren Buffett.

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

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

“The campaign -- for him -- was always a marketing opportunity.”

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

Military bases turn into prison camps: http://www.trumphotels.org/

Contractors paid to maintain military housing grow mold/rats and still make $ millions

SCAMS/SPINS:

IRS says scams continue with direct debits, etc: irs.gov/newsroom/security-summit

Car dealer’s scam: no final financing agreement completed so ask for more money.

Cure Encapsulations caught buying fake reviews to make fake diet herbs sell

CDC guide on opioid use is hurting us: Opioid firms hit bonanza—255 million scripts

FDA approves ‘happy’ party drug for your low days: just spray in your nose, Mahn.

We pay for sea bass and get perch or tilapia: No truth anymore--just ‘marketing’!

William Gennity, NY caught excess trading for fees—churning—created client losses

BB&T--Valley Forge caught lying & misleading clients about charges: fine, no jail

DNA test giving up coverage/privacy: “perpetual, royalty-free worldwide transferable license” 

BEWARE: Ask how much before treatment: $3,000 Rabies shot billed at $48,512.

Watch for driverless cars: AZ says Uber NOT responsible for killing pedestrian?!??

Ellis channels Trump: Manafort gave election data to Russia but judge says no collusion

GOP vote against Dems ‘condemnation’ of hate?: What about infrastructure jobs bill?

Trump Mob broke law and violated Constitution: business men don’t read Constitution 

Trump’s ‘easy win’ trade war costs US $3 Billion a Month: few new jobs.

Trump calls off ‘war practice’ at Kim request in return for …. Re-starting bomb site? 

“Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, pres can change Constitution anytime.’

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Jobs:

Employers try new benefit: student loan payback: Give up future nest egg to pay banks.

Who owns your account now?

Keep track of your money: Best personal finance software reviewed.

Own the most reliable car/SUV you can: Consumer Reports top ten picks

Vanguard wins all the money for Target Date Funds: Cost determines success!

Your advisor is now target to gain your data: Ask for deletion of personal data.

Miracle:

School principal reads bedtime story to her kids via Facebook if parents are too busy!

Teen uses facts not ‘hysteria’ to protect himself and others: ‘fake news.’ 7,575 deaths!

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Cut taxes and build retirement income by April 15

Not too late to cut taxes and build retirement income

You may owe the IRS this year or receive a smaller refund. You can change that by increasing your deductions by $12,000 for a joint return; $6,000 for single. Open and fund a traditional IRA at your bank, mutual fund or broker by April 15, and you can reduce your income, thus lowering your tax obligations. A traditional IRA will also grow tax deferred so you pay taxes on the income and its accumulations when you retire. Hopefully you tax bracket will be lower then. If building retirement income sounds like a great idea, how about using your refund to create a nest egg of as much as $1 million. The average refund is about $2,900. Investing in a low-cost broad market index like the Vanguard S&P 500 for about 34 years will provide about $1,000,000. This is the perfect way to have the money when you need it even if your employer does not offer a 401k account. You can set up automatic investing from your checking so you never miss a market rise. You just keep investing year after year—no trading, no broker fees, nothing! Your future $1 million is in your refund: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

Our new taxes are going to GM refund: $104 million refund in 2018, ’19 ’20 …

We are not fooled by Trump’s claim that his tax law changes were for the middle class. Our taxes go to many large profitable firms like GM, Ford and others. They haven’t paid taxes in years just like Trump. Even after bailing out their bad management decisions in 2007-8, they don’t pay taxes on sizable profits now. They still cut jobs and send them to other countries. For instance, GM and Ford have decided they will not make cars HERE anymore. Also, GM's former CFO, Chuck Stevens, said last year that because of the tax credits GM had, the company would not be paying any U.S. income tax "for the next several years.” This can go on forever because a “business cannot know how many loss carryforwards it will need each year to offset the taxes.” This is like us spending more than we make and using our debt, credit card and student loan debt, as an offset to future taxes. We would never pay taxes if our reps had written the tax code for us instead of for large corporations. When they make poor decisions, they get a tax credit for future years.

Avoid Trump’s Socialism for the Rich: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Why John Bogle’s invention is so important to us

Bogle just died. He created the Vanguard Group of mutual funds as a kind of Co-op: we, the investors, own the Vanguard Funds. His investment invention, the Vanguard 500 Index, was offered in 1976. It allowed us to own the stocks of most of the large companies in this economy at low cost. He noticed that the money management industry provided profits to the fund owners whether or not investors made money. As the industry got bigger, the costs went up instead of down as in most industries. He compared the returns of the managers of the funds to the returns of an index of all large stocks. The index gave more consistent returns—not too high and not too low. Investors were able to estimate returns within a close range—10-12% per year over time. Test it yourself: moneychimp.com/features/market_cagr.htm. Bogle’s index fund offered every investor the chance to do well with lower costs. When investors pay 2% of their nest egg EVERY year, they give up 63% of the total possible accumulation over time. As Bogle put it, “the tyranny of compounding costs” is overwhelming—over HALF of our money is going to our brokers, staff, owners, marketers, and others. It is COSTS that determine how we do.

“Get what you don’t pay for”: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Are you paying for 401k plan kickbacks to Fidelity?

Fidelity has been sued by a 401(k)-plan participant for accepting "secret payments" from certain retirement-plan business partners. In this so-called pay-to-play scheme, Fidelity required mutual funds and other investment products offered through its FundsNetwork platform to make "kickback" payments if the revenue-sharing payments (such as 12b-1 fees) they made to Fidelity fell below a certain level, according to the class-action lawsuit. Fidelity makes $ millions from the payments, which are not disclosed and are "deceptively characterized" to retirement-plan clients, according to the lawsuit. The payments allegedly harm retirement savers by increasing the costs of the mutual funds. Fidelity started requiring kickbacks in 2017 when 401k-plan participants chose index funds with no revenue sharing from plan record keepers. 401k fees reduce our retirement savings.

Costs can take 63% of our earnings: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

Is a trust the right beneficiary for your IRA?

If you have a sizable IRA account, you may be concerned about leaving the whole thing to one child or couple (community property states). Heirs who inherit an IRA directly — not through a trust — lose the IRA protections. Trusts shield IRA assets in the event of lawsuits, business failures, divorce and creditors, for example. Heirs have access to the assets but the access may be designed to limit complete disillusion. For parents of a spend thrift adult child, the trust may be the only way to protect them. Naming the spouse as beneficiary just delays this decision. Spouses can roll over the decedent's IRA assets into their own IRA tax-free. The spouse has the burden of how to pass on assets. Finally, a trust is costly to maintain so the size of assets must be substantial to warrant a trust. There are rules to follow closely. The RMDs would still be required for the IRA. You must select the proper type of trust: "see-through" or "look-through" trust. The RMDs are smaller since the lifetime of the trust bene is longer. However, trust fees can eat up the actual payout to an heir.

Consider alternatives: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

Trump’s new taxes allow wealthy to buy planes

The new tax regulations were supposed to cap the extra perks used by executives of any company including their own private jet. However, once again, their lawyers and accountants have found a way around the tax law. The “bonus depreciation” creates sizable business losses that are now capped. They can avoid the limit on “excess business losses” by changing the name of their revenue stream thus soaking up the sizable business loss that buying an airplane usually creates. They can thus avoid a capital gains tax bill on their income and ordinary taxes on their fees. While this avoidance trick doesn’t affect investors like pension funds or foreign individuals and businesses, it can hurt U.S. individual investors—us. The new cap on losses was supposed to raise nearly $150 billion over a decade, according to Congress’s Joint Committee on Taxation. Now we taxpayers will need to make up that $150 billion loss by paying more taxes on wages.

Avoid paying for their taxes: https://www.amazon.com/Tax-Credit-Class-your-credits-pay-ZERO/dp/1539462382

 

**************

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

“The campaign -- for him -- was always a marketing opportunity.”

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

6,000 soldiers stringing wire you can walk over on border: $210 million deployment!

FDA allowed fentanyl to be given to 55% of patients who did not qualify to have it.

WI national guard leaves border to the Defense Dept. Dems require gun check for all

Trump: ‘Govt must be stupid to give “someone like me” a $10,000 refund.’

Will we have to pay Trump’s legal bills in Scotland? Using debt to get a refund from us

SCAMS/SPINS:

Oxycontin pill pusher Purdue never told doctors it was more powerful than morphine.

The Don decides which services women receive in health clinics: he controls women.

Limit on local tax deduction big headache for GOP. Jared deducts $3.5 M of local taxes.

Health industry profits already lobbying our Reps against Medicare for All.

Drug maker Insys paid bribes & kickbacks to doctors to push fentanyl: video to jury.

Mount Carmel Hospital, OH, Husel, caught giving fentanyl: 15th wrongful-death lawsuit 

Emanuel Avina, Ameripise, caught impersonated customers to transfer their funds.

Castleberry, Turner, FL caught stealing $3.6 million with ‘guaranteed returns’ scam.

Fidelity thinks its ‘infrastructure fee’ is only way to make up for low-cost operations

PayDay lenders falsify research to justify robbing poor between checks: 300% interest.

Two pension plans in Fairfax County, VA investing in ‘cryptocurrencies’: Risk/Reward

Robo calls up 46%: We get more than 10 a week—govt powerless to stop scams.

Mob Boss’ fixer’s confession: The Boss is a ‘racist, conman, cheat.’ MOBSTER

Mob Boss: ‘Govt must be stupid to give “someone like me” a $10,000 refund.’

Mob Boss’s new attack dog rips Cohen family then says not threat on eve of confession.

Mob Boss is not likely to lose many of his supporters since he could shoot someone:

Trumper says he plans to use social media to spread fake news about Dems follows Putin

GOP effort to delete 60,000 DEM voters in TX halted by Fed judge: Can’t win so purge!

GOP real voter fraud in NC is accepted : DEMs get purged from GOP-run voter rolls.

US seen as immigrant child abuser to the world: 4,500 children abused by our guards?

“Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, pres can change Constitution anytime.’

----------------------------------

Jobs:

Smollett was upset about $100,000 per show. Others got more and less.

Wages in top earner’s group grow; wages in middle and bottom fall backward still $7.25!

WalMart offers telemed $40 visit cost $4 by phone: Future is here!

Gun slinger to replace Harris in NC election redo after GOP caught stuffing ballot box.

Who owns your account now?

Your refund: https://www.irs.gov/refunds.

20 tax breaks: https://www.nerdwallet.com/blog/taxes/tax-deductions-tax-break

Claim spousal Social Security so you can let your benefits grow.

Low credit scores and finding a mortgage: Lenders that may take your money.

Miracle:

Pope tells criminal abusers and their cover up leaders to just stop doing it: no jail time–except in Australia. Iowa list of abusers has only dead priests—Current abusers stopped?

Who’s in Trump’s Mob—indicted and not yet indicted? Giving aid & comfort to enemy

Bookstore owner in hospital so competitors keep it open for him so no losses.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Trump’s own Socialism: he pays no taxes and gets all the elite perks just like Putin

Trump’s own Socialism: he pays no taxes and gets all the elite perks

In 1997, Trump paid no taxes on income of over $10 million by claiming he had losses of (deductions) of $1 Billion ($915,729,293). He could carry the losses forward to avoid taxes over 18 years. He declared that he is a hero for not paying his fair share during the election debate. In 1978 he claimed he lost $406,379 in business so he paid no taxes despite living the lifestyle of a millionaire. Now he says he is against socialism. But he and the wealthy enjoy the advantages of American socialism. He got out of his debts by claiming bankruptcy 6 times. He stiffed his workers on casino and building projects. His ties to Russian organized crime and money laundering show a mob boss pattern. He did not pay his taxes on casino profits in New Jersey. He used money others contributed to his charity to pay fees. If you or I did these things we would be in jail. Trump’s Socialism creates a society where the rich live ABOVE the law and most of us live under the law.

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

Is the Tax-refund Millionaire plan right for you?

If you begin this year, you could have a retirement nest egg of $1,000,000 by just investing your refund. Yes, it takes time and commitment but think of your future. Based on the historical returns of a low-cost market index fund, you can reach that goal in 34 years. If you have 27 years, you need to invest more each month or settle for $500,000. If you have 21 years, you could have $250,000. What you see here is the Miracle of Compounding. You invest the same amount $250 a month. You double your nest egg between 27 years and 34 years. You are investing the same amount during that period but the previous years’ earnings are also growing at the market rate. You can check out how money grows by using this calculator: moneychimp.com/features/market_cagr.htm. If you had started in 1990, your stock investment would have grown at 10.79%. In fact over any 10-year period, your money would have grown more than any other asset—bank, bonds, real estate, commodities, gold, silver, almost anything. All your future earnings are tax-FREE too.

Use your tax-FREE growth account. https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

Amazon with $11 Billion profits given a $0 tax bill!

How is it possible that the most profitable corporations—Amazon, Google, Apple, Facebook—pay no taxes and we, making much less, pay more? Congress writes the tax code—not Trump, not IRS, not Treasury, not CIA. Your Congress person and mine. Congress gave in to their lobbyists who wrote special credits and exclusions. Amazon used various unspecified ‘tax credits’ as well as a tax break for executive stock options. This would be the second year in a row that the company has avoided paying federal taxes, despite being valued at a whopping $1 trillion. The average American pays $10,489 in "personal taxes," representing 14% of the average household's total income. This includes federal and state income taxes, as well as other taxes such as personal property taxes, vehicle taxes, and certain other small taxes. $8,367 of this amount is federal income taxes, $2,046 is state and local taxes, and $75 is other small taxes. It is no wonder we have little saved for retirement.

Use your ‘tax credits’ too: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO-tax/dp/1539462382

What do we invest in during retirement?

Let’s say you have $500,000 in your tax-deferred retirement accounts—traditional IRA, company pension, 401k, 403b, etc. (rolled over to IRA). You reach age 70 and must begin to pay tax on that money.  The IRS tells us how much we need to withdraw from our accounts so we can pay tax on it as regular income. The amount is about 3-4% of the total balance of all our deferred accounts as of the end of the previous year. Our example: $500K x.04 = $20,000. Tax may be $2,800 including state tax because this amount (RMD) may cause our SS benefit to be taxed. Our goal is to stay ahead of this Required Minimum Distribution by earning more than the 4%. Banks can’t help us so we must go to securities. Unless we are really lucky and have bonds and stocks that produce high yields and dividends, we need a solid balanced (stocks and bonds) fund. Preferably we don’t want to pay high fees and commissions for this fund so we actually keep over 4%. Several firms offer low-cost funds. Vanguard made its name on low-cost funds.

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

Do you need a car that goes 200,000 miles?

Consumer Report says your best bet is Camry, Accord, Prius, CR-V, Sienna, Civic, F-150, Suburban, Outback and Forester. Almost any car can make it to 200,000 miles and beyond, if you spend enough money on it. But that's not necessarily a good idea. It's better to buy a safe and reliable model, and then properly maintain it. Make sure you follow the maintenance schedule in your owner’s manual, and take care of minor problems as they arise. If you need a reliable vehicle, remember that many new cars lose up to 40% of their value in first 3 years. Most unbiased advisors will tell you to find the bargain at the used car lot of a prominent dealer. I found my bargain at a Ford dealer after looking at every offer listed in my price range $12,000 on cargurus.com, truecar.com and autotrader.com. Mine had some minor flaws so I was able to know off $500. I also re-shopped my car insurance since insurers change rates so often. Check usage-based rates.

Saved another $200: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

What can physics tell us about a volatile market?

I am reading Breakfast with Einstein by Chad Orzel. In his description of the how our objects can be solid if they are made up of all those subatomic particles that constantly move, he explains their relative positions can only be understood as ‘probabilities.’ The fact that steel is solid in my lifetime does not mean it will be forever. It is an alloy of elements such as manganese, chromium, nickel, tungsten, and so on. Basically, steel is an iron-carbon alloy that does not undergo eutectic reaction. It is mass produced using sophisticated processes that take advantage of how atoms and particles act together. But all matter/energy changes over time and we use the combos that have a high probability of stability for a while (unlike nitroglycerin which can release a lot of energy quickly at a little jolt). Now I understand Zhou Wang’s Quantum Uncertainty in Investing: You can earn 3.69% or 11.11%. The overall market is like the steel while following one stock is like the electron particle that moves all the time. There are so many forces acting on one particle (stock) that it can only be ‘followed’ with probability tables. The total market probabilities are higher. Over time, the market grows by 10-12% a year.

We invest in high not low probabilities: https://www.amazon.com/Quantum-Uncertainty-Investing-3-69-11-11/dp/1502312557

Can our society survive when the most fortunate never pay taxes?

2018 was a good year for the wealthy. One made $7.7 Billion in 2018 by charging other wealthy people 2% plus 20% of the first total earnings. Most hedge funds earned over 8% while the broad market lost 6.7%. But the owners are already wealthy and so they attract more money despite the poor long-term track record. Buffett recently beat some fund managers’ strategies with his bet on the broad market returns (11%) over time. My guess is many wealthy people stay invested in the broad market stocks like Buffett does. Even when they have a down year, they still become richer by holding on to their investments. Plus most of them have paid specialists to use tax-avoidance techniques not available to us. How could they NOT become richer? They earn more on their assets because they pay little or no taxes. We could become richer TOO if we paid ZERO taxes. Many like Trump’s friends and family pay nothing so they add another 20% to their wealth every year. The heads of our corporations now earn 312 times a worker’s pay up from 30 to 1 in 1978. They avoid tax on most of their pay while a worker pays 14% in 6 tax areas. They even obtain tax breaks from our cities on each location. Wealth inequality will eventually become untenable in America like it has in every society in history. When the winners take all—90% of all our assets—bad things happen. More workers realize the dream is closed to them.

We must act now to survive: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

**************

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

I, Trump, have a new idea for a parade, fireworks on July 4th

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

Can’t understand why unpaid workers (slaves) need food banks

Is this our America? Forced off bus to prove citizenship; ICE says papers are fake

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

AZ law makers have immunity from arrest for their law breaking: how about us?

Trump lied: more troops STAY in Syria—guerillas regroup to fight again.

SCAMS/SPINS:

Forget the B.S.: Read the ‘Green New Deal’ resolution for yourself—just 1 page.

Trump wants the Wall to stop the drug epidemic: shut down Oxycontin maker’s scam.

Why Trump calls ‘media the enemy of the people’: ‘Truth is not truth’ it is what I say.

Trump mob violates disclosure like Jared but just says ‘sorry’: no fine, no punishment.

21,000 give money to online ‘friend’: lost $143 million. Few caught, no refunds.

Bruce Worthington, MA, caught stealing $100,000 with fake returns, docs: fine no jail.

IRS employee leaked Trump’s ‘fixer’s suspicious bank activity: Deep state or hero?

Franklin Templeton Funds overcharged their own employees too: $14 million fine.

Cardinal Theo McCarrick caught child sex abuse, cover up, misled us, lied: no jail time.

Catholic parents question traditional function of church in child-raising. NO trust.

Survivors: You are “murderers of the soul.” Priest “made me get 3 abortions-no condoms  

Smollett fakes attack because he is “dissatisfied with his salary!” Just ask for a raise?

Who can you trust? Top Merrill broker caught overcharging $2 million for years: Jailed.

Old scam comes to ‘life’: Using ‘young’ person’s blood does nothing about aging.

“I didn't need to do this," on declaring the emergency. "But I'd rather do it much faster."

“Scam the stupidest people in his base,” according to Coulter on Emergency Border $B.

How can we re-elect this fellow? Polls say yes. A challenger might take some his 44%!

“If we could get the Klan to clean out D.C. socialist-communists” AL newspaper owner.

Trump gets Japan PM Abe to nominate Trump for Nobel Peace Prize: What Gall!

“Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

Trump made chaos as Putin wants: EXIT NATO, IRAN, SYRIA, INF Treaty, AFGAN.

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, pres can change Constitution anytime.’

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Jobs:

Prepare for the robots by staying ahead with your skills: They never fire the supervisor.

Women are moving into creative-science (better paying) jobs.

Local sheriff carries out Trump’s ‘press is the enemy of the people’ on 12 year old.

How we can deal with financial stress https://www.benefitnews.com/opinion/how-employers-can-help-employees-deal-with-financial-stress

  

Who owns your account now?

Your refund: https://www.irs.gov/refunds

Survivor help-group provides support on financials: https://www.wingsforwidows.us/

Shopping car insurance pays: 75% shop once over the past five years; 40% in the year.

Miracle:

Will enough mass shootings teach us to remove guns from the market?

Priests abuse & torment deaf kids: who is in charge? Pope condones abuse? No jail time!

Where are the children of the priests who fathered children by nuns and other children?

Hospital guards ‘dance and sing’ with autistic man to relieve his pain. Teach others too!

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

Refunds are smaller: We’re paying for Jared’s refund!

Refunds are smaller: We’re paying for Jared’s refund!

Trump’s gift to his wealthy friends and companies will cost each working person more. Tax refunds are running 8% less this year because Trump cut deductions for working people as well as property and state taxes. He added 6 more Schedules to file taxes so he could claim you can use ‘postcard’ 1040. It’s NO postcard and preparers charge by the page. Twitter is filling up with complaints from people whose situation has changed radically. A nurse got $1,000 less and nothing changed in the filing. Another person owes $2400 instead of ‘good refund.’ Others made less last year but owe $5,000. We were promised a ‘middle class tax break’ in October.  “We are giving a middle-income tax reduction of about 10 percent,” Trump told reporters. "We're doing it now for middle-income people. This is not for businesses. It's for middle." Trump lied again. Compared to 2017 rates, some taxpayers would pay more tax in 2018, even more in 2025, and HALF will pay more in 2027 according to Tax Policy Center. We are paying more because Trump, Jared and friends are paying less or $0 taxes. Instead of creating jobs, the corporations are buying back their stock for larger dividends.

Stop paying rich people’s taxes: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce-Taxes/dp/1540435148

Why do we taxpayers give welfare to profitable companies?

U.S. Steel's 2018 profits shot up to $1.12 billion. Gary IN put US Steel on welfare of $ 47 millions (city and state offered the firm a $47 million tax break package.). IN gave US Steel $10 million in tax credits, along with $2 million in worker training grants. There is no guarantee how many jobs are saved. Gary has already given Steel a property tax break estimated at $35 million over 25 years. Instead of making a jobs commitment to Gary, Steel used the benefits to buy back $300 million of its own stock. This benefits the owners not the workers and certainly not the city or state. Trump’s tariffs on foreign steel don’t help a firm with high-cost steel. Steel re-hired 800 in Granite City. Gary got a worse deal than that at Carrier which Trump boosted. A study of tax breaks on the state’s public finances in the last decade found that state incentives costing about $30,000 per job provided little benefit to Indiana’s economy or tax base. In New York, Amazon quit. Amazon does NOT need incentives—Bezos is rich already. Federal/state funds would be better spent on infrastructure jobs for now. Retraining and apprenticeship programs would help future workers. Funds for corporate Welfare could be for Medicare for All.

Trump extends American Socialism: https://www.amazon.com/Americas-Socialism-Rich-only-little-people-pay/dp/1535218584

Maybe you don’t need a will

Less than 20% of us have the 3 essentials. The folks who have assets usually have them. If you don’t have one maybe you don’t need one. Most financial accounts already specify who gets what. Usually an IRA, pension and brokerage accounts have beneficiary designations. The institution responds to the ‘bene’ on the account agreement not the will. If a home is held jointly it is owned by the survivor. A will is useful to the executor so that you can make sure your wishes are done, like the spouse without a license does NOT get the car. Many children fight over assets but having a will probably ends the discussion. Your possessions may not be needed by the kids and need to be given or carted away. Think about church or charities you want to support. Depending on how long you live a will usually has to be updated periodically. Perhaps that is another reason most us don’t have one. Some people won’t make one because they believe it brings on death. Some others don’t prepare for final expenses for the same reason. Some don’t want to leave a thing to certain family members.

https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Our work-place benefits are changing—new choices

Some employers are discovering that the old formula for worker satisfaction has changed. Since the age of the workforce may now span 50 years, everyone wants something different. Younger workers may want flex hours. Older workers may want great health care and more retirement fund matching. One size does NOT fit all. Listening to worker needs can lead to packages designed for each group. Some employers help with the student loans. Others fund disaster relief or paid parental leave. Everyone likes choice and employers must pay attention to keeping the workers they have since the market is tight. Chose a tax-FREE or tax-Deferred future.

Choose best savings plan: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

What Trump destroyed, each state is reinstating to protect us

MD is the latest state to adopt the Fiduciary Rule to protect us from unscrupulous money grubbers. Under the legislation, fiduciaries are required to act in the best interest of their clients, without regard to financial or other interests of the person or firm providing the advice. Seems like common sense but Trump killed the Obama law in his first year. The financial industry wants no limits on its ability to sell products that are NOT the best for us. Recently the Consumer Financial Protection Bureau appointee wanted to scrap a lending rule meant to guard the most vulnerable Americans. Payday lenders could go back to charging 400% interest on temporary loans that end up nagging borrowers for many years. State legislators now realize we need protection from the ‘money changers.’

Protect yourself: https://www.amazon.com/Fiduciary-Rule-BEST-dont-lose-anymore/dp/1530980275

Did you tell your child how to retire early?

Tax-FREE wealth! We did not have this option when I started working. Today, if you show your young adult that they can accumulate enough tax-FREE money, they could work and then enjoy life without the grind. The hard part is explaining that it takes time. The tax-FREE account has been around since 1997 and I was lucky my boss told me about it in the 2000s. This account can be set up at any financial firm and in many it costs nothing: No lawyer or broker is required. Using the low cost mutual funds recommended by Warren Buffett, it takes just 25 years to accumulate $3/4 million using $500 a month. It takes 30 years to hit $1.4 million—TAX-FREE. Your kin does nothing else—no trading, no broker fees, no market-timing. Automatic investing means they can’t fail. Teach on. Tax-FREE means they will have 25% MORE to live on. $0 Fed/state taxes.

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Are no commission ETF index funds right for you?

In the race to recapture revenue from going to Vanguard, the for-profit firms Schwab and Fidelity are try to win us back by removing the commission. ETFs are index funds chosen by management to keep us invested in securities. You can trade 503 ETFs in 79 Morningstar categories (for example, large value stocks). Fidelity matched this explosion at the same time. But do we need 500 choices? The assumption is that we know what will happen in the future and will buy the right ETF. Like everyone who gambles, we are encouraged to place our bets on the favorite of the day. This delusion has caused many ‘investors’ to earn less than the buy and hold strategy. DALBAR, the firm that keeps track of returns, shows us that most of us earn only 3.79% when a simple 500 index fund earns over 11% a year over time. If that sounds like old fashion news, a recent study shows index funds hold more money than the funds run by ‘wise men.’ More investors are learning why Warren Buffett recently won his bet on the 500 Index over 5 hedge fund strategies. Trading and fees rob us of the Miracle of Compounding. John Bogle founder of Vanguard told us that trading and fees can take up to 63% of our possible accumulations over time.

Use the Miracle of Compounding not ETFs: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

I, Trump, have a new idea for a parade, fireworks on July 4th

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

Can’t understand why unpaid workers (slaves) need food banks

Is this our America? Forced off bus to prove citizenship; ICE says papers are fake

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

WALL not needed in El Paso, Mr Prez: safer than your WH town. Washington DC

CA National Guard goes home: NO crisis on border—must be in Washington.

50,000 refugees in camps guarded by soldiers: separated children—Is this America?

Hydro power plant told to use coal instead of renewable so Trump funder gets profit.

Veterans who fought for our country were deported: Dems bring them back as heros!

SCAMS/SPINS:

2 Supremes lied about upholding previously decided law: how Supremes kill our laws.

Senate passes bill declaring lynching as hate crime—it took 200 years: Will Trump sign?

5 for-profit firms control health for over 125 million Americans: Cost going up or down?

Drug firms claim their high costs are needed for new drugs: actually we pay for them.

ObamaCare still provides health care to silent poor despite Trump’s evil intent.

Jared’s investment failure bailed out by Qatar: now Trump owes Qatar big time.

Trump tariff sending more farmers into bankruptcy: Trump helping corporate farms grow

IRS pursues fewer cases of tax evasion than it did less than 10 years ago. Rich get richer.

Clive Bundy still owes US $1 million for fees and penalties: No jail so guns beat Feds.

Ford 150 recalled: downshift to 1^st automatically at high speed—1.5 million 2011-13.

Toyota airbag recalled: shrapnel explosion in high humidity—70,000 2002-5; 23 dead.

BEWARE: Dyson vacs called unreliable by Consumer Reports. Half are pricy ‘garbage.’

Kestra Investment, TX, caught overcharging 3,205 clients $1.6 million: Fine, no jail  

BEWARE: Advisors claim signs of recession but no proof—balanced funds for long haul

Brent Borland NY caught fraud in Belize airport investment scam—jail time.

William Husel Mt Carmel OH caught giving excessive fentanyl doses: 16 deaths’ suits!

We have a history of separating kids from parents? Fear of the next group wins elections.

 “Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

Trump has done what Putin wants: EXIT NATO, IRAN, SYRIA, INF Treaty, AFGAN.

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, pres can change Constitution anytime.’

----------------------------------

Jobs:

Retail jobs require us to learn a new language in order to sell to young customers.

Rep Jones, NC, regrets he did not do his job and tell Cheney NO to Iraq war BS.

Rand Paul won $ ½ million by piling his yard debris near neighbor: Next Job?

Who owns your account now?

Future of long-term care policies is uncertain as prices goes up. Alternatives

Check with the mechanic of your plane BEFORE you get aboard. Any skipped steps?

Medicare for All 1^st step—50 year olds can buy Medicare in advance.

Car insurers discount for drivers who drive less than 250 mi a day: tracking device.

Michael Avenatti has trouble: The Don must have a new Cohen. One less challenger.

Miracle:

The Beautiful Poetry of Donald Trump?

https://play.google.com/store/books/details?id=8ou9DgAAQBAJ&gl

Protestant clergy admit abuse of women & kids. Some evil-doers still at it. Hell on earth!

Brain cancer killed by our own immune system using new trigger drugs—trials positive.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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