The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label 401k. Show all posts
Showing posts with label 401k. Show all posts

Wednesday, September 7, 2016

Be very careful in how you setup your gold IRA because the IRS is watching you

As the price of gold begins its newest leg of a long running Bull Market, an interesting investment plan has emerged which allows individuals to cash out their equity based 401K's and transfer the cash tax free (for the moment) into a gold IRA that is not only backed by physical metal, but can be located within reach.

Many companies that are offering these plans also state that you can setup the account in such a way that you can actually hold the metals in your possession as long as they are separate from any other income or wealth you control.

But this addendum to the gold IRA is not completely accurate, and the IRS is now on watch for anyone who does not follow the process to the letter, and attempts to keep their gold or silver 'at home' and not in a regulated storage location.
Image result for gold if you don't hold it you don't own it
The Internal Revenue Service isn’t too keen on the recent advertisements suggesting retirement savers store their tax-free individual retirement account funds in gold at their house or in safety-deposit boxes, the Wall Street Journal writes. 
Storing Gold at Home: Legal, But with Caveats 
The statement from the IRS comes in response to a number of ads online and on the radio, such as one from Hartford Gold Group, suggesting investors can avoid stock market turbulence by investing IRA accounts in gold coins and bullion they can store where they like, including their home, according to the Journal. 
But the law on such practices is cloudy, the publication writes. 
For example, IRA assets can’t be stored in collectibles such as antiques, gems, artworks or wine, according to the Journal. On the other hand, it’s legal to keep IRA investments in coins and bullion-quality bars in metals such as gold, silver and platinum, the publication writes. 
But few IRA investment providers offer the option — Vanguard and Charles Schwab don’t allows their clients to invest IRAs in physical metals, according to the Journal. 
The IRS may be taking issue with just how difficult and expensive investing in physical gold could end up for the investor. Fidelity, which allows IRA investing in some coins and bullion, charges up to 2.9% to buy and 2% to sell the assets, and a further 0.125% quarterly storage fee, the publication writes. 
And keeping the gold at home is not an option: out of tax compliance considerations, Fidelity requires physical metals to be stored at a qualified facility and doesn’t let IRA investors take the gold out or even view it without notification from the IRA custodian, the Journal writes. 
Proponents of store-at-home gold say that IRA owners can legally keep their gold in a safe-deposit box or at home if they are the owners and managers of a limited-liability company that uses the funds from the IRA to obtain the gold, according to the publication. 
Some attorney says this structure would allow investors to store coins owned by the LLC at home — but for bullion, they would still have to store it in an LLC-owned safety-deposit box, the Journal writes. 
Home storage can get pricy, too: one professional whose company provides paperwork for at-home storage of IRA gold charges $400 to $1,200 to set up such an LLC, according to the publication. 
And because the issue of LLC ownership by IRA has no legal precedent, companies advertising home storage of IRA gold are careful to note that they don’t provide legal advice, the Journal writes. - Wall Street Journal

Thursday, August 25, 2016

Retiring Baby Boomers could blow America's pension ponzi schemes wide open

There are a myriad of retirement vehicles out there, with some being run by the government and others being decided by the individuals themselves.  But as we enter into uncharted waters now that the Baby Boomer generation is moving into their retirement life phase, a boiling cauldron of doubt is coming onto the scene...

Could the fiscal insolvency of America's retirement system be completely shattered now that the nation's largest generation in history is about to siphon their money from these ponzi schemes?

Image result for retirements are ponzi schemes

The reason I refer to most retirement plans as ponzi schemes is that by their very nature, they require others to put in money so that those who paid in first can receive their benefits.  And of these, at least two are now virtually insolvent while the others rely upon markets to continue to grow from the input of new money into them as well.

1.  Social Security

Initially, social security was a program created to provide basic incomes to individuals who paid into the system during their working years, and would be compensated from a trust that originally was well funded, and was receiving new monies from those people still working.  But over time the government added new recipients beyond retirees to the program such as the disabled and those who lost family bread winners, and of course over time the nearly $3 trillion in surpluses was stolen by legislators and replaced with debt instruments that have to be paid back by an insolvent government.

And as we saw during the government battle to raise the debt ceiling back in 2013, the Treasury Secretary validated that Social Security was insolvent since it needed borrowed money to pay out beneficiaries.
Treasury Secretary Jack Lew warned Thursday that timely payments to Social Security beneficiaries, veterans, active duty military personnel and Medicare providers would be at risk if Congress does not raise the debt ceiling. - CNN Money
2.  Pensions

Already in 2016 two of the nation's largest pension funds, both public and private, have reported that they are so underfunded that beneficiaries will need to take cuts, or in some cases, see their benefits ended altogether.  And this doesn't include most state pension funds that are now an estimated $2 trillion in the hole.
As the nation’s largest public employee pension plan, CalPERS stands out as the most irresponsible for having failed to prevent government pension spiking and for not forcing their government clients to pay for the spikes. But the pension fund’s $277.2 billion of investments leaves a $144.3 billion unfunded debt to cover 1.6 million state employees and retirees’ pensions, according to CalPERS’ October 31, 2013 report. 
California public employees now enjoy the highest benefits of any state in the nation. To pretend to fund this largess, CalPERS has become the worst “outlier” among public pension plans in using creative accounting to blur their grossly underfunded status. This has allowed its government clients to short-check their annual payment for the nation’s most lucrative pension benefits. - Breitbart
3.  Mutual funds, IRA's, and 401K's

As the Baby Boomers begin moving into their 70's over the next 11 years, the majority of them who hold a mutual funds, IRA, or 401K will soon be required to start selling their assets to pay Uncle Sam their tax obligations.  And this will mean a combination of less money being put into equity markets to prop up stocks, and a shift downward as sellers potentially could outnumber buyers... creating a disastrous scenario where the value of their retirements decline as the stocks they hold diminish in value.

4.  Bonds and Annuities

Ever since central banks embarked upon a policy of zero and now negative interest rates, the return on bonds has not even kept up with the rate of inflation.  Meaning that these former interest bearing yield instruments no longer hold a place in one's retirement portfolio.

Both government and private retirement managers have been able to keep their financial schemes going because there were enough workers that were inputting just enough to keep the system from collapsing completely into insolvency.  But now that the largest generation is ready to stop giving, and change course into taking what they rightfully invested during their working lives, the potential of nearly all retirement programs collapsing is each day becoming a very real probability.

Wednesday, August 3, 2016

Presidential candidate Donald Trump tells supporters to get out of the stock market and sell their 401K's

Most people know that Donald Trump is a highly successful real estate mogul and brand marketer, but interestingly, his prowess for winning has often not manifest itself in the equity and stock markets.  There could be numerous reasons behind why he has failed in this arena but the most probable is that he is not one of the 'insiders' like Warren Buffett, who latches on to government institutions for certain 'insights' into the direction of market industries and executive policies.

So with the Donald not being a big fan of stock markets, it should come as no surprise that the interventions (by the Fed) and manipulations (High Frequency trading computers) that comprise the bulk of equity market trading have led him on Aug. 2 to tell his supporters to not only get completely out of stocks, but to also divest their 401K's before the markets inevitably collapse.

Well, we are now almost exactly three months away from the November 8 election, and if Trump wants to really boost his chances, a market crash right now would be certainly most welcome by his campaign. 
That may be why Trump on Tuesday urged his supporters holding 401-(k) to get out of equities as interest rates set by the Federal Reserve are inflating the stock market. 
“I did invest and I got out, and it was actually very good timing,” the Republican presidential nominee said in a phone interview with Fox Business. “But I’ve never been a big investor in the stock market.” “Interest rates are artificially low,” Trump said. “The only reason the stock market is where it is is because you get free money.” 
Trump also warned of "very scary scenarios" ahead for investors. - Zerohedge

Friday, July 8, 2016

The window is closing for the chance to make your own decisions on your retirement accounts and to buy gold at affordable prices

Back during the 2008 Credit Crisis, one of the first things they did was to freeze money market accounts in the wake of bank failures and a liquidity collapse.  For most people, the money market arena is a playing field that only their brokers deal with, but it is important to retirees who have 401K's, IRA's, and mutual funds because this is where your money goes when you are temporarily out of stocks, bonds, or other paper assets.

Back on June 30, an interesting announcement was made to one sector of the retirement industry as Paychex, a third party company that provides HR, business, and financial services to thousands of companies, reported that they were no longer using money markets as a conduit for individuals and businesses to hold their cash in between payments made towards a worker's chosen retirement account, and similarly, when a worker/customer moves out of equities and into cash within their accounts.  And in this policy change, where is Paychex now going to move money to store on a temporary basis?

U.S. government bonds.
I received a document from Paychex today which is the administrator of one of my 401K accounts… and they informed me that they are going to move all cash in NON-government ‘Federated CASH Obligation’ money market accounts to ‘Federated Government Obligations‘… 
Since my 401K money is invested in three different precious metals funds this announcement does not affect me, however it will impact many other unsuspecting would-be retirees who falsely believe that their money is “safe” and “liquid” in a money market account. This is the slippery slope into government forcing account holders to invest in government debt (Treasuries), and it’s exactly what we’ve been warning about. As for me, I’m going to roll that particular account over and away from the control of Paychex. - Silver Doctors via SGT Report

The Federal government has been planning to try to confiscate Americans retirement accounts for some time now, and move them directly into U.S. Treasuries similar to what they did to the Social Security Trust Fund.  And this has already taken place in the pensions of Federal employees, which are secured by government debt (Treasuries), and in the Obama created program known as MyRA.

For over a decade, and in particular since the financial system nearly collapsed back in 2008, many in the alternative financial media have been trying to warn people of the coming death of their established retirement system, and the moves being made to cut promised benefits due to the insolvencies now being seen at the Federal and State levels.  And in 2016, where the U.S. Treasury is at its lowest yield in history, and much of the rest of the world languishes in negative interest rates, the window is closing for Americans to be able to make a choice... and that choice is whether to see your retirement accounts liquidated to fund U.S. government debt, or to take the proactive position and move into gold and silver before the price of each becomes unaffordable.

Wednesday, June 29, 2016

Beginning July 1 will start the trillion dollar selloff of stocks for baby boomers over the next 11 years

Besides the consequences of there being more Baby Boomer retirees than workers to fiscally deal with the insolvent social security program, a new monetary crisis is about to hit the markets in just three days time.  That is because on July 1, the oldest of the Baby Boomer generation will turn 70 1/2, and thus forced to start selling off their 401K, IRA, and mutual fund assets to fulfill their obligations to Uncle Sam and the taxman.
Currently there are between $14-15 trillion in non-pension, personal retirement accounts which are held on Wall Street in the forms of stocks, bonds, annuities, reits, and other security assets.  And by law once someone reaches the age of 70.5, they must begin selling off those securities at the rate of 3.65% each year, with a decade later it expanding to 5.35% after age 80, and 11% per annum after age 90.
Since the first of the Baby Boomers will be hitting the age of 70.5 on July 1, selloffs in the market will commence over the next 11 years as those on the lowest end of the generational scale will each move into this age requirement at an accelerated pace year by year.
boomers selloff
Read more on this article here...

Sunday, May 22, 2016

Large insolvent pension fund threatens to cut benefits to zero

Before there was such financial vehicles as social security, pensions, 401K's, IRA's, and mutual funds, people were expected to be responsible for their own retirements and nest eggs.  But with Wall Street using many of these instruments as a way to deceive the public into handing over their money to bankers for upwards of 30-40 years of their working lives, individuals became lax in trusting that corrupt institutions would look out for them and follow through with the preparing for their golden years with security.

The fact of the matter is, the only legal ramification for a corporation, and that includes banks, is their fiduciary responsibilities to their shareholders.  Not to their customers, not to their clients, and not from any moral compass of doing the right thing versus massing as much wealth as possible for themselves.

And sadly, this is also the scenario that has emerged for state, municipal, union, and private pension funds, who for the most part have relieved themselves of their fiduciary responsibilities and given over monies promised to workers to Wall Street fund managers, and even to unscrupulous Hedge Funds in the hopes of expanding pension pools to make up for worker promises they couldn't keep.

And now eight years after zero interest rates destroyed the fixed income markets, not only are states such as Illinois underfunded and virtually insolvent because they put their retirees money in stocks and toxic assets like Mortgage Backed Securities (MBS), now one of the largest private union pension funds is leaving their retired workers with an Ogre's choice (die slowly or die quickly)...

Either have your benefits cuts to virtually nothing, or have the fund go bankrupt within the next 10 years.

The Central States Pension Fund has no new plan to avoid insolvency, fund director Thomas Nyhan said this week. Without government funding, the fund will run out of money in 10 years, he said. At that time, pension benefits for about 407,000 people could be reduced to "virtually nothing," he told workers and retirees in a letter sent Friday. 
In a last-ditch effort, the Central States Pension Plan sought government approval to partially reduce the pensions of 115,000 retirees and the future benefits for 155,000 current workers. 
The proposed cuts were steep, as much as 60% for some, but it wasn't enough. Earlier this month, the Treasury Department rejected the plan because it found that it would not actually head off insolvency. 
The fund could submit a new plan, but decided this week that there's no other way to successfully save the fund and comply with the law. The cuts needed would be too severe. - CNN Money
The bottom line is that 2008 was a warning shot to Americans relying upon pensions and other savings instruments to fund their retirements.  And for those who willingly cashed out when they could despite the penalties, many were able to move that money into tangible wealth protection such as gold, silver, and precious metal based IRA's.  But sadly, the majority of people continue to trust Wall Street, and this week's insolvency for the Central States Pension Fund will only be the beginning of many more collapses to come.

Sunday, July 19, 2015

Got Karatbars? The next move by the Fed could alter your retirement savings forever

Ever since the Federal Reserve ended Quantitative Easing in 2014, the central bank has made promise after promise of finally raising interest rates from their historic near zero lows.  However, we are quickly coming up on the one year anniversary of the Fed proclaiming they were ready to raise rates, and the fact of the matter is, should the central bank actually follow through with their promises then the fate of America's current retirement system will be altered forever.

I know the first question that one would ask here is just how would raising rates effect retirement accounts like pension funds, 401K's, IRA's, and the like?  The answer lies in two fundamental truths about the financial system today, and what has transpired to bring us to this precipice seven years after the 2008 credit crisis.

Many retirees remember what happened within a year of the initial stock market crash on that fateful day in October of 2008.  The markets, which had reached an all-time high on the DOW less than a year before, would over the next 14 months drop by more than 50% and rest in the 6800's before the central bank intervened and began a new policy of zero interest rates, and massive money printing to fuel what would be known as the 'recovery'.

Since that time, and especially since 2012, the stock markets have not only shot through the old 2007 high of 14,600, but are now well above 18,000, with many individual stocks at their own all-time highs.  But the sad truth is, more than half of the entire stock market is owned not by mutual funds or retail investors, but by these same central banks who use the positive market to mask how bad the rest of the economy is, and prop up equities despite the fact that these companies are earning much less than they did before 2007.

So just how exactly would raising interest rates affect retirement and pension accounts?  First off, since the Fed has been the primary engine that has helped raise stock prices to begin with, the cost of money would increase to unsustainable levels for banks and investment brokers to borrow it.  Secondly, it is a given fact that if rates were raised, the markets would decline and even drop well into bear market levels, thus causing the returns and balances of pension funds in the market to drop dangerously.

At the local level, raising interest rates would cause municipal bonds, which are another key asset for state and local pension fund growth, to cost cities and states much more money than they can afford to service them, and at a time when not only are pension accounts way underfunded ($3 trillion combined for all 50 states), but since the general economy is bringing in less revenue, state and local budgets couldn't pay for the increased cost of new bonds at higher interest levels.

Stock market turmoil has wiped out roughly $2 trillion of Americans' retirement savings over the past 15 months, according to the Congressional Budget Office.

The value of pension funds and retirement accounts dropped by roughly $1 trillion, or almost 10 percent, in the year ending June 30, the CBO told the House Education and Labor Committee Tuesday, citing Federal Reserve data. Since then, asset prices have dropped even further. The CBO says that retirement assets may have declined by as much as $2 trillion over the past 15 months.

Individual 401(k) participants' average losses ranged from 7.2 percent to 11.2 percent in the first nine months of 2008, according to an Employee Benefit Research Institute analysis of 2.2 million participants. Over two thirds of the assets in 401(k)-style defined-contribution plans are invested in equities, either directly or through mutual funds. During the first nine months of 2008, stocks were down, with the S&P 500 index losing more than 19 percent. Fixed-income investments fared better, with the Lehman Aggregate index gaining 0.63 percent and three-month treasury bills gaining 1.54 percent. - Money.US News

With so many baby boomers retiring each year now, and so many millennials coming out of college who can't find jobs and contribute to the system, does anyone really think that the government, the Fed, or the economy itself would be able to handle the next financial crisis, which many analysts say will begin or occur in September/October of this year?

And with 2008 less than a decade ago, can we really think it will not happen again... especially with what is going on right now in Greece, China, and around the world?

So what is a viable solution to compliment your retirement savings that is dependent upon a system you cannot control, and is insolvent at so many levels?

The answer lies in Karatbars.






Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.

How to make money in both the Dual and Uni-level systems of Karatbars



How to make a six figure income using Karatbars in just 7 weeks.



The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Friday, May 29, 2015

New Supreme Court ruling on pensions could pave way for government to take them over

In a new and what appeared on the surface to be a fairly innocuous Supreme Court ruling last week, the high court determined that employers do have the right and responsibility for ensuring company based 401K plans are managed well, do not have inordinate fees, and perform profitably.  However, within this decision regarding Tibble v. Edison International, the Court also added a bombshell that could lead to the eventual ending of state sponsored retirement benefits, or even the confiscation of your funds at the national level.
 

 
Read more on this article here...

Saturday, May 2, 2015

Karatbars is one of the best options for fixed income and retirement accounts

There are many retirees, 401K and mutual fund owners, and those on fixed income instruments who have seen large portions of their wealth disappear since the 2007 housing bubble collapse, 2008 credit crisis and stock market decline, and war on savings and bonds that have come out of Wall Street activity, and Federal Reserve meddling.  And while the West does it's best to keep people from recognizing gold and silver as the most viable investment option for the coming dollar collapse and monetary hyper-inflation, there is one company that solves nearly every financial need for retirement, and gives customers the opportunity to not only purchase gold at affordable prices, but earn an income that will pay for that gold, and your retirement all in one.

In prior posts we have talked about the power of Karatbars to secure your wealth against the mechanisms of Western central banks, and a devaluing dollar, but how can the company benefit you as a retirement instrument?



The U.S. government helped create retirement and pension vehicles over the past 30 years that were not in the interests of workers and investors, but predicated towards directing trillions of dollars onto Wall Street where they could earn much greater commissions from betting on safe or risky investments.  And whether you have a 401K, IRA, or mutual fund, annuity, or bond fund, your savings and growth is not necessarily tied to the investment itself, but in the fact that over the past 40 years, the currency in which all those investments are based upon has lost you money year after year through dollar devaluation.

Which is primarily why much of the world is beginning to leave the dollar and look towards a return to a form of gold backed money.  In fact, an under the headlines report from China's Gold Association last week hinted at the fact that once the Silk Road project is fully up and running, and the multitude of free trade zone agreement are in place, the currency that will be used in over 65 countries and for over 4.4 billion people will be gold in the form of a trade note, or a new currency.

So with this in mind, how exactly can your retirement funds not only be protected from inflation, confiscation, or the inevitable decline in the dollar, and where transferring your retirement instruments into cash is not only time consuming and sometimes difficult, but costly when it comes to taxes or early withdrawals?

That protection is one of the staples of Karatbars.  Signing up as a customer or affiliate not only allows you to purchase physical gold to have it delivered to you or stored for free in one of their three global vaults, but anyone you sign up to purchase gold or become and affiliate will give you commissions on every gram or package they buy, and the ability in your offshore back office e-wallet (similar to an offshore bank account only out of the view of FACTA, the IRS, and banking system), to liquidate your gold into dollars, euro's, or ANY currency without paying an early withdrawal penalty.

In addition, Karatbars will provide you a debit MasterCard that you can pre-load from your e-wallet at anytime, and is usable anywhere around that the world that MasterCard is accepted, even at ATM's inside the U.S. and elsewhere.



The indicators are screaming of a coming collapse to the dollar and stock markets, as well as the fact that municipal and government bonds all around the world have been providing you a near zero rate of return over the past six years.  And with banks now very close to charging you money for holding it in a checking, savings, or other money market accounts, getting ahead of the game and the coming new global financial system that will be tied to gold, not the dollar reserve currency, is not only the real answer to protecting your retirement funds, but in actually preparing and getting ahead of the game when the transition away from the dollar and dollar based investments occurs.

What is Karatbars by the CEO:



You can find out more about Karatbars, and signing up for a free account by clicking this link:  https://www.karatbars.com/signup.php?s=argonath  or the Karatbars logo on the main page of this website.

Wednesday, February 6, 2013

Retirees need to take heed as the government seeks control over your accounts

As the U.S. government drowns in a debt of over $16 trillion, and revenues from taxes continue to decline in the economy, there is still one pot of gold that is ripe for the taking. 

That of your retirement accounts.

The U.S. Consumer Financial Protection Bureau recently suggested that it was imperative that they have a greater role in managing the over $19 trillion in private accounts held by the American people, and like Social Security, make them accessible to Federal control and oversight.


The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.

“That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,”bureau director Richard Cordray said in an interview. He didn’t provide additional details. - Bloomberg

This idea has already been bantered around in Congress, as former Speaker of the House, Nancy Pelosi suggested that the government should nationalize all 401K, IRA, and private retirement accounts as a means to resolve the credit crisis, and fiscal cliff.

With GDP for the 4th quarter coming in at a negative .1%, and the national debt nearly 104% of the annual production for the economy, do not be surprised if the government attempts to 'confiscate' the nearly $20 trillion in untapped assets, both to spend as they see fit, and to provide collateral to the Federal Reserve to borrow more money.