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Sunday, January 20, 2013

New way of STEALING...


New way of STEALING...
ESPECIALLY LOOK AT SCENE THREE...

Be sure to read Scene 3. Quite interesting.   

This is a new one. People sure stay busy
Trying to cheat us, don't they? 


SCENE 1.
A friend went to the local gym and placed his belongings in the
locker. After the
workout and a shower, he came out, saw the locker open, and thought
to himself,
'Funny, I thought I locked the locker...

Hmm, 'He dressed and just flipped the wallet to make sure all was in
order.
Everything looked okay - all cards were in place...

A few weeks later his credit card bill came - a whooping bill of
$14,000!

He called the credit card company and started yelling at them,
saying that he did
not make the transactions.

Customer care personnel verified that there was no mistake in the
system and
asked if his card had been stolen...
'No,' he said, but then took out his wallet, pulled out the credit
card, and yep -
you guessed it - a switch had been made.

An expired similar credit card from the same bank was in the wallet.

The thief broke into his locker at the gym and switched cards.

Verdict: The credit card issuer said since he did not report the
card missing
earlier, he would  have to pay the amount owed to them.

How much did he have to pay for items he did not buy?

$9,000!  Why were there no calls made to verify the amount swiped?
Small amounts rarely trigger a 'warning bell' with some credit card
companies. It just so happens that all the small amounts added up to
big one!
============================


SCENE 2.
A man at a local restaurant paid for his meal with his credit card.

The bill for the meal came, he signed it and the waitress folded the
receipt and
passed the credit card along.

Usually, he would just take it and place it in his wallet or pocket.
Funny enough,
though, he actually took a look at the card and, lo and  behold, it
was the expired
card of another person.

He called the waitress and she looked perplexed.

She took it back, apologized, and hurried back to the counter under
the watchful eye of the
man.

All the waitress did while walking to the counter was wave the wrong
expired card to the
counter cashier, and the counter cashier immediately looked down and
took out the real card.

No exchange of words --- nothing!  She took it and came back to the
man with an apology..
(This scenario actually happened to me at a local restaurant- Falls
Terrace-between the waitress
and the front desk cashier.)

Verdict:   Make sure the credit cards in your wallet are yours.

Check the name on the card every time you sign for something and/or
the card is taken
away for even a short period of time.

Many people just take back the credit card without even looking at
it, 'assuming'
that it has to be theirs.

FOR YOUR OWN SAKE, DEVELOP THE HABIT OF CHECKING YOUR CREDIT CARD
EACH
TIME IT IS RETURNED TO YOU AFTER A TRANSACTION!
==========================


SCENE 3:
Yesterday I went into a pizza restaurant to pick up an order that I
had called in.

I paid by using my Visa Check Card which, of course, is linked
directly to my checking
Account.

The young man behind the counter took my card, swiped it, then laid
it on the counter
as he waited for the approval, which is pretty standard procedure.

While he waited, he picked up his cell phone and started dialing.

I noticed the phone because it is the same model I have, but nothing
seemed out of the
ordinary. Then I heard a click that sounded like my phone sounds
when I take a picture.

He then gave me back my card but kept the phone in his hand as if he
was still pressing
buttons.

Meanwhile, I'm thinking: I wonder what he is taking a picture of,
oblivious to what was
really going on.

It then dawned on me: the only thing there was my credit card, so
now I'm paying close
attention to what he is doing..


He set his phone on the counter, leaving it open.

About five seconds later, I heard the chime that tells you that the
picture has been
saved.

Now I'm standing there struggling with the fact that this boy just
took a picture of my
credit card.

Yes, he played it off well, because had we not had the same kind of
phone, I probably would
never have known what happened.

Needless to say, I immediately canceled that card as I was walking
out of the pizza parlour.

All I am saying is, be aware of your surroundings at all times.

Whenever you are using your credit card take caution and don't be
careless.

Notice who is standing near you and what they are doing when you use
your card.

Be aware of phones, because many have a camera phone these days.


FORWARD THIS TO AS MANY PEOPLE AS YOU CAN THINK OF. LET'S GET THE
WORD
OUT! JUST BE AWARE.
Never let your card out of your sight.....check and check again!

Scary isn't it.....

New way of STEALING...
 
 
 
 
 

 
 
 

Saturday, January 19, 2013

13 Ways to Get More Social Security



13 Ways to Get More Social Security

The average monthly Social Security benefit for a retiree in 2013 is estimated at $1,261, according to the Social Security Administration. That’s just $15,132 a year – hardly enough to live on.
Hopefully when you reach retirement, you’ll have a nice nest egg to offset hurdles like vanishing pensions and unpredictable stock-market returns. But either way, there are certain actions you can take today to boost your Social Security payments during retirement – and they can add up to thousands of extra dollars in your golden years.
Here are 13 things you can think about today to increase your Social Security payments during retirement:
1. Work at least 35 years
Social Security benefits are calculated based on your 35 highest-earning working years. If you work fewer years, you’ll have years with zero income averaged in – which will lower your payout.
2. Ask for a raise
If you experience a jump in salary, you’ll likely boost your future earning potential and may see an increase in your Social Security payments down the road – since as we just explained, Social Security takes into account the 35 top-earning years of your career.
3. Take a second job
The same logic applies: If you earn more each year, you’ll likely increase the amount you get in Social Security when you retire.
4. Wait until full retirement age to claim Social Security
You can begin collecting Social Security benefits as early as age 62, but you might not want to: Your benefit will be reduced by 25 percent for life. To get your full payment, wait until you reach full retirement age – currently 66 for anyone born between 1943 and 1954. For those born between 1955 and 1959, the age gradually rises toward 67. For those born in 1960, it’s 67.
5. Better yet: Wait until age 70
If you can afford to wait until age 70 to claim Social Security benefits, it’ll pay off. Thanks to what the Social Security Administration calls “delayed retirement credits,” benefits increase 8 percent each year you delay tapping into Social Security – up till age 70. So waiting until you reach 70 means about a third more income for life.
When considering this strategy, it’s particularly beneficial for the higher-earning spouse in a marriage to hold out until age 70 to increase the total benefits the couple will receive throughout their lifetime. In the event that the spouse with the higher benefit passes away, the surviving spouse will receive the higher payment.
If you took benefits early and regret the move, it might not be too late to fix it. You may be able to repay all the benefits you received so far and restart them at a higher level based on your age. But this policy isn’t as flexible as it used to be: For more details, check out this page on the SSA site.
6. Use online tools
If you’re unsure about the best time to claim benefits based on your individual budget, health, life expectancy, or other factors, use online resources to help you decide. A good place to start is SocialSecurity.gov/MyStatement, where you’ll get your personalized statement. This estimates what your benefits will be at age 62, at full retirement age, or at age 70.
Once you get estimates for both you and, if applicable, your spouse, there are other online tools that compare your benefits under various scenarios to help you determine the best claiming strategy. Consider AARP’s Social Security Benefits Calculator or Analyze Now’s “Strategic Social Security Planner.”
7. Claim spousal benefits
If you’re married, you have a choice: You can either take the benefit based on your work history, or half your spouse’s benefit. So if your spouse earned a lot more than you did, and has a higher benefit as a result, compare and see which will pay the most.
You can also claim Social Security benefits based on an ex-spouse’s work record if you were married for at least 10 years. Doing so doesn’t reduce their check or otherwise impact them. In fact, they’ll never know you applied.
8. Taking early retirement? Beware of outside income
If you start taking benefits before reaching your full retirement age, employment elsewhere can reduce your Social Security checks.
For example, say you started taking Social Security in 2012 at age 62 and your full retirement age is 66. For 2012, your benefit would be reduced by $1 for every $2 you earned in gross wages or net self-employment income above $14,640.
If 2012 was the year you reached full retirement age, you could have earned up to $38,880 prior to the month you turned 66. More than that and your benefit would be reduced by $1 for every $3 you earned.
After you reach full retirement age, you get your full benefit no matter how much you earn.
9. Claim twice
A dual-income retired couple may be able to claim spousal benefits, then later switch to payments based on their own work record. This could make sense if waiting until a later age would result in higher benefits.
For example, say the husband is 66 and the wife is 62. If the husband files for benefits, the wife could opt for half her husband’s benefit, while still earning money and letting her benefit grow. When she turns 70, she could drop the spousal benefit and file for benefits based on her own work record.
There are lots of strategies like this to maximize Social Security. As you approach retirement age, be sure and do lots of reading. This article from Kiplinger is a good example.
10. Benefits for your kids
When you start collecting Social Security benefits, unmarried dependent children under age 18 may qualify to receive benefits worth up to half of your full retirement benefit amount. This can include a biological child, adopted child, stepchild, or dependent grandchild. They may also get benefits if they’re 18-19 years old and a full-time student (no higher than grade 12) or 18 or older with a disability that began before age 22.
11. Plan ahead for taxes
If the sum of your adjusted gross income, nontaxable interest, and half your 2012 Social Security benefits exceeds $34,000 ($44,000 for couples), up to 85 percent of your benefits may be taxable. You can minimize this expense by using certain tax-saving moves, such as investing in annuities that allow you to earn interest that isn’t taxed until you withdraw it.
12. Do your due diligence
Always read your Social Security statements (either received as paper statements in the mail or online at SocialSecurity.gov/MyStatement) to be sure everything has been reported correctly. Although inaccuracies are uncommon, some scenarios lend themselves to a greater chance of error – such as a name change your employer failed to update on company records.
13. Clear your debts
Your Social Security benefits are protected from most debt collections, but they can be taken to collect unpaid federal taxes, federal student loan balances, and child support or alimony. Clearing these debts will leave your Social Security benefits untouched.

Saturday, January 12, 2013

5 beers Americans aren't drinking



5 beers Americans aren't drinking
Traditional favorites fall out of favor as Americans choose beers that are lighter or have a higher alcohol content.
No. 5: Old Milwaukee
Brewer: Pabst Brewing
Sales decline (2006-2011): 52.8%
Barrels sold last year: 460,000
Old Milwaukee is brewed by the Pabst Brewing, acquired in 2010 by C. Dean Metropoulos, described by The New York Times as "a veteran food executive known for corporate turnarounds."
Last year, the Chicago Tribune reported that Pabst employees felt Metropoulos' marketing plans were moving the company away from the philosophies and practices that made it successful.
Old Milwaukee sales fell by 12.4% between 2010 and 2011.
No. 4: Milwaukee's Best
Brewer: MillerCoors
Sales decline (2006-2011): 57.1%
Barrels sold last year: 750,000
MillerCoors, a joint venture between SABMiller (SBMRY) and Molson Coors Brewing (TAP), promotes Milwaukee's Best as a beverage "brewed for a man's taste," and asserts that it is "highly drinkable (and) highly affordable."
Consumers haven't seemed to notice: The beer has one of the lowest rankings on BeerAdvocate, a website and magazine that bills itself as a grass-roots network dedicated to supporting and promoting beer.
No. 3: Budweiser Select
Brewer: Anheuser-Busch InBev
Sales decline (2006-2011): 60.8%
Barrels sold last year: 775,000
Introduced in 2005, Budweiser Select claims to offer a "distinctively full flavor," with just 99 calories per 12-ounce serving, roughly the same as Michelob Ultra.
The brand has never sold well, and in 2009, Anheuser-Busch InBev introduced an offshoot, Budweiser Select 55, which the company describes as "the lightest beer in the world with fewer calories than any other beer option currently available."
No. 2: Michelob Light
Brewer: Anheuser-Busch InBev
Sales decline (2006-2011): 66.3%
Barrels sold last year: 425,000
As sales of Michelob Light have dimmed, sales of Michelob Ultra -- a light beer with only 95 calories per 12-ounce serving introduced a decade ago -- have increased by 10.3% over the past five years
No. 1: Michelob
Brewer: Anheuser-Busch InBev
Sales decline (2006-2011): 72.0%
Barrels sold last year 140,000
American consumers have abandoned Michelob, a lager brewed since 1896, at a faster rate than any other beer.
This after Michelob basically invented the "superpremium" category of beers positioned between Anheuser-Busch's flagship Budweiser and many imports.

BANK ACCOUNT!!!


BANK  ACCOUNT!!! 

This  is AWESOME ... something we should all remember.   
A  92-year-old, petite, well-poised and proud man, who is fully dressed  each   morning  by eight o'clock, with his hair fashionably combed and  shaved   perfectly,  even though he is legally blind, moved to a nursing home  today.   
His  wife of 70 years recently passed away, making the move necessary.  After   many  hours of waiting patiently in the lobby of the nursing home, he  smiled   sweetly  when told his room was ready.   
As  he maneuvered his walker to the elevator, I provided a visual  description   of  his tiny room, including the eyelet sheets that had been hung on his  window.   I  love it,' he stated with the enthusiasm of an eight-year-old having  just  been  presented with a new puppy.   
Mr.  Jones, you haven't seen the room; just wait.'   
'That  doesn't have anything to do with it,' he replied.   
Happiness  is something you decide on ahead of time.
   
Whether  I like my room or not doesn't depend on how the furniture  is   arranged  ... it's how I arrange my mind. I already decided  to love it. 
'It's  a decision I make every morning when I wake up. I have a  choice;   I  can spend the day in bed recounting the difficulty I have with  the   parts  of my body that no longer work, or get out of bed and be thankful   for the ones that do.   
Each  day is a gift, and as long as my eyes open, I'll focus on the new  day   and  all the happy memories I've stored away.. Just for this time in my  life.   

Old  age is like a bank account. You withdraw from what you've put  in.   
 
So,  my advice to you would be to deposit a lot of happiness in the  bank   account  of memories!   

Thank  you for your part in filling my Memory    Bank.   I  am still depositing.   
'Remember  the five simple rules to be happy:                

1.  Free your heart from hatred. 

  
2.  Free your mind from worries.          
   
3.  Live simply.
   
    
4.  Give more.   
  
5.  Expect less.  

Tuesday, January 1, 2013

How the Richest 400 People in America Got So Rich

 

How the Richest 400 People in America Got So Rich

Screen Shot 2012-07-06 at 2.15.33 PM.png
Yahoo! editors have selected this article as a favorite of 2012. It first appeared on Yahoo! Finance in July and was one of the most popular stories of the month. Readers debated how people really get rich in the U.S., with user One-Eyed Jack commenting that "I would really like to know how many of the 400 were born into millions and how many actually made it on their own." User John replied: "I am a first generation millionaire and also a first generation American. My money came from hard work and smart planning mainly in real estate, but I learned to get by on very little while I was accumulating wealth."
In 1992, the 400th richest person in America made $24 million.
In 2007, the 400th richest person in America made $138 million (or $87 million, inflation-adjusted).
Now, that almost certainly wasn't the same guy. There's a lot of churn at the top of the money pyramid. In all of the 1990s, only 25% of the Fortunate 400 made more than one appearance. But the overall message is the same. The rich keep getting richer.
According to the IRS, which recently released 2009 data from the 400 richest individual income tax returns, the real runaway growth in wealth has come from capital gains. In the last years of the bubble, the "Fortunate 400" made nearly half their income from capital gains (a.k.a.: profit from the rising value of an investment, such as stocks or property) and less than 10% of their income from old-fashioned wages.
The average income of a top-400 earner grew by 650% between 1992 and 2007 to a whopping $344 million. Over that time, the average salary didn't even double. But the average capital gains haul increased by 1,200%. So how do the richest get richer? Not from their wages. From their investments.
Here's a look at the average salary and average capital gains income of a top-400 earner since 1992. Y-axis is labeled in thousands of dollars and all-time highs are noted in the graph.
Screen Shot 2012-07-06 at 3.28.24 PM.pngScreen Shot 2012-07-06 at 3.30.39 PM.png
Three last things:
(1) Who are these people? As Tim Noah explained on our business page, a 2010 study studied the top 0.1 percent, who currently make at least $1.7 million. That's 14-times less than our Fortunate 400 group, but it's the closest we've got. Four in ten in this group were executives, managers, and supervisors at nonfinancial firms. Eighteen percent were financiers. Next came law (7 percent), medicine (6 percent), and real estate (4 percent). My guess is that the top 400 skews toward finance and chief exec even stronger. A lawyer/doctor making $2 million I can imagine. But $24 million?
(2) Capital gains absolutely dictate the wealth of the richest Americans. As Matt O'Brien graphed for us, that's why the income of the top 0.1 percent hugs the S&P so closely.
(3) Remember that as this is happening, the long-term capital gains tax rate has fallen from 28 percent in 1990 to 20 percent for the latter half of the 1990s to 15 percent under George W. Bush.
Financially Fit Reveals 5 Secret Habits of Wealthy Americans: