WEBVTT

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Yeah, ripped up news, need
advice who you don't have, You'll come

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running just as fast as we can. Shooter's gonna help come. Dix's the

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Troubleshooter Show. Now Tom Martino,
Okay, Tom Martino here, welcome to

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the show. I urge you to
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water because they don't have it here. By the way, waterpros dot net

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three oh three eight six two five
five five four. Hey. Uh.

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We have guests with us today ourp
Center, Retirement Planning Center of the Rockies,

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and as you guys know, I
am a client. They they basically

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talked to you about retirement, whether
you're years from retirement or facing retirement and

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anyway. So that's the way it
is, and they're here today. We're

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to talk about various things, and
we'll talk about anything on your mind.

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Like Dnnett wants to talk about an
issue with a dentist, and how aproposed

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since I have a dentist to day
right after the show, So what's going

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on with you? Dennett? So
I started seeing a dentist about a year

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ago. He had an office in
Fort Collins, and then he had an

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office in Greeley. Yeah, and
I started the process of getting dentures with

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him. So last year in May, I had all of my extractions done

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and then got temporary dentors. And
for over a year now I have been

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trying to do all the tryings to
get permanent dentures. Okay, so I

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want to ask something on this denture
plan? Did you have at your plan?

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In other words, they sometimes write
out these treatment plans and each stage

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is written out along with approximate costs. Did you ever have anything like that?

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It's not required. I'm just curious. It's best practice, is right.

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So we did do a treatment plan, and then now that the dentist

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office has closed, all of my
records are locked in his system. Now

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they okay, they're covered by the
same HIPPA laws that doctors are. And

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even though they close an office,
they're required to put those records on deposit

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somewhere for you to see. Did
you know and send me an email after

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I you know, emailed the email
after they closed, and I was like,

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what is going on? You know? And I want to know a

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couple of things. First. Okay, did you pay ahead of time for

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anything? Yes? I did.
Okay, this is going to get complicated.

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So here's what I need to know. Okay, how much did you

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pay upfront? Or how No,
how much did you pay in total for

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the denture part? So I have
a five thousand dollars loan with them and

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twenty one percent interest on my loan. But did they get the whole five

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thousand bucks? Yes? They did. Was the five thousand going to cover

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the whole denture job? Yeah?
Okay. Now so basically you paid upfront,

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but it was with a loan.
Okay. Now of that you had

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extractions. Okay, let's see what
was done completed were Because what we have

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to do is figure out where you
stand unless you've already done this. Have

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you already done it? I have
not? Okay, So hold on,

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ext What we try to do here
is put a handle on what you need

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and what you should get and what
we're going to do and records and we're

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gonna we're gonna. So extractions were
done? What else? What else was

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done? Did you have any implants
done as anchors? No implants, only

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the extractions. And yep, when
you said temporary dentures, what are they

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hanging on? They just are supposed
to suction in my mouth? Okay,

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so they're sitting on the gums.
Yes, you understand that bone can deteriorate

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to a point where you can't get
those anchors eventually if you don't take action.

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You know that right right? Well, I did you see a dentist

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at least get an idea of the
condition of the jaw and if you can

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have the anchors, were you going
to have anchors put in or were you

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going to go just go with the
suction. I was just going to go

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with the suction until at some point
if I could afford the anchors. Yeah.

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The problem with doing that is eventually, without a route or without stuff

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in the bone, the bone deteriorates
right and alignment everything. The suction is

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not enough to keep the jaw aligned. So I'm not giving medical advice.

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I'm just telling you over the years, we've had so many dentists and dental

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problems we've handled that I'm sure another
dentist has clued you in, yes or

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no, or you've not seen anyone
at all. I haven't seen anyone else.

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Well, okay, you need you
need to do that for just for

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your own health. I mean,
just see a dentist and get get a

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handle on where you stand. Now, how long ago? Where did treatment

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stop? I mean, you have
temp dentures and you use them. And

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when did the guy close? So
apparently they closed in February and my last

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visit it was with him in December, and the office manager was supposed to

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call me to set up my next
appointment to see it. Yeah, well

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all of that, So what happened
to him? I don't know. I

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mean I tried calling the office.
I went to the office, and then

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that's when I discovered what's the dentist
name, Parkview Family Dentals, and where

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are they located. The office that
was most recently closed was the one in

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Greeley. You know, Parkview seems
to ring a bell to me. It

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was Parkview Family Dentistry. Yeah.
I think we've gotten complaints about them before.

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In fact, I might have written
to this guy and he ignored me.

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What's his name? His name is
Sean Custer, Sean Custer. Ye

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is that a cus t er?
Yes? Okay, here's what we're gonna

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do. Let's just see if we
can track it down. Doc, Were

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you going to say something about this? Those records have to be someone.

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All we have to do is call
the dental board and they will make sure

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you get your records. Now,
I'm not sure how they would handle the

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monetary part, but I can guarantee
you if you get in touch with the

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Dental Board, they will one get
your records for you or tell you what

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process to use, because they're very
strict about that. Do you know they

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went bankrupt or anything they did?
Yes? Did he apparently? Did he?

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Was he named? Did he file
as himself as well or just a

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part few family dentistry? He filed
personally and I guess his lawyer said he

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did that so then his patients couldn't
come after him. I know that that's

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not true. Okay, you can't
avoid medical or dental malpractice by having a

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corporation. Yeah, but how could
it be malpractice? Let's say the work

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he's done. So I'm just saying, I'm just saying anything that has to

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do, he's personally responsible. You
can't point it off on a company like

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you can with a non healthcare Okay, so let's say he is personally responsible

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and he personally goes bankrupt, Well, then there's nothing you can do,

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right, that's exactly right. But
the records are definisue, as you know,

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know the records. You don't go
bankrupt, you don't do anything.

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You got to provide them, right. Did you call the dental board?

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I did reach out to Dora and
they did open a case. So now

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it's just a matter of waiting here. So this is doctor Sean Custer,

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Parkview Family Dentistry. I'm gonna look
him up and we need to get a

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phone call or something. Doc.
I think we should start with we just

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to find out anything we can about
them, Okay, where they are,

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what they did. And then as
far as the loan, who is the

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loan through through lending point? Okay, so that's a generic lender. How

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much are you paying on this?
I pay one hundred and eighty eight dollars

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a month on my luck for how
long? Thirty six months? Well?

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Man, how much? We need
to figure out what value you've gotten so

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far? Okay, we got to
fix You're going to have to schedule an

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appointment with a dentist. You know, doc can start mulling around a little,

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but we definitely need you to start
looking for I get a dentist.

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What part are you up in Greeley. I've did for calling okay, because

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in Greeley there aren't enough teeths to
make it worth a dentist whiles to be

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in business. But and don't go
to a car dealer to get your teeth

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fixed, So go bed. No. You know, in Greeley is cursed.

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I swear to God, it's a
cursed It's a curse place when it

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comes to professionals of any kind.
And of course if you're a dentist,

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it's got to be a very low
You're lonelier than the Maytag repair man up

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there with t because if you have
a full set of teeth, you're in

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a minority. So here's the deal. Let's move over to Fort Collins.

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There's got to be plenty of good
dentists and Fort Collins somebody to check.

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I don't know who to recommend,
but you need an independent evaluation for anything,

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even for your complaint, by the
way, and you're going to have

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to probably pay for that. If
I were you. Did you call the

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lender by any chance I have?
And they've said they have to receive a

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letter from the dentist that he's more
or less going to payback what is on

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my lung, So otherwise I'm just
to just keep paying. Well, okay,

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was it just an unsecured loan,
I don't know what. Did you

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put up anything as collateral? Did
you sign an equity loan? No?

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I mean I just signed the paperwork
for the loan and then douc. I

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don't know about healthcare, but I
wonder if there are any special laws when

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you take out loans for stuff like
this. I wonder if there's any protection.

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I would doubt it's it's just a
third party loan. Yeah, it's

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no different than a car dealer or
well, for in the solar business.

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It is. For example, in
the solar business, if you take out

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a solar loan and they go belly
up, that lender has to eat it.

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It puts some onus on the lender. And I think they should do

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that with medical stuff too, because
people get stuck with these shysters. Right.

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I know, I'm not the only
one dealing with it right now.

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You know, there are other there
are other victims of this guy. Yeah,

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somebody said they what's that? Oh
my mom had said that. Someone

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else said they filed a police report
so they didn't have to pay. Well,

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a police report saying yeah, but
I don't know how that gets them

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out of paying as as uh as
doc said, it is an independent loan

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you took out and then but if
they paid the proceeds directly to this doctor,

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I'd make some arguments that they're he
was an agent of theirs and defrauded

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you. I don't know. I
would go a little further. Have you

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talked to the bankruptcy trustee? I
did try and call him and then he

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did not. You need to you
need to put in a claim first,

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okay, good, good, good
good. I want you to make a

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dental appointment. We're going to mark
this as pending. I'm going to have

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deputy docs start investigating to see what
happened to Parkview and where the records are

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or stuff like that. We got
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Alliance three all three nine two zero sixteen

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twenty two. Hi Tom Martino here
three O three seven one three talks seven

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one three eight two five five.
Okay, I want to go to the

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phones, and uh, I want
to take people now. We are done

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with the net right now. She
needs to get a dentist to get a

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look and see what was done.
And we're going to find out the approximate

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value of that. Deputy doc is
working on finding out about records and about

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where this guy went. And Ben's
turned Ben, what's going on with you?

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Ben? Hey? Tom? So
we spoke on Monday about Impact Energy

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and this this solar thing that I
got myself in, so it's Impact Energy

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and canceled after the third You canceled
after the third day. Right to rescind,

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isn't that right? Yeah? And
they want to charge you for a

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site survey. Another costs, And
I said, ask for that. Then

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if they say that they did it, then demand to get it. Yep.

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And so they sent me the full
workup that has the all the details

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of the project, the write up, the electrical all of that detail is

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here, twenty pages here. How
much are they how much do they want

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to charge for it? So for
that portion of it, it's about twenty

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three hundred dollars. How much do
they want to keep in general for not

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for after you canceled? How much
a total amount three three and sixty seven

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dollars. Okay, you know you
kind of look I don't like this idea,

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but yeped in it. Yeah,
you kind of did not cancel when

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you should have. They had the
three day right to rescind. What is

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the other cost for? I see
you have some cost for site survey and

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stuff. What's the other cost for? So they've got four lines here that

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are various. There's two there's Aurora
design software and interflow proposal software, and

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then an engineer design fulfillment and proposal
fulfillment. And then they have charges for

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the install agreement and loan document processing. There are another software. Yeah,

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these these they're nickeling diamond you men, but yeah, you kind of yeah.

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Look it can go either way.
Did you actually pay them yet?

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No? And how aggressive are they
being? They actually haven't been that aggressive

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yet. No. Well it's up
to you, man. I mean,

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I think that they're going to win. I mean that's my gut feeling.

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You could play hardball and see do
they really want to go to court over

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this? I don't know. Yeah, you know, or pay or offer

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to pay something and negotiate it is? There is there anything in a contract

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about cancelation? That's what that's Yeah, that's what I know about the three

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day I think it said any costs
incurred, right, yeah, yeah,

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can okay, And that's why they
were justifying those costs. Yeah. Well

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how long did you wait before you
canceled? It was? Oh, I'm

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not entirely certain it is, but
I think a week and a half.

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Only a week and a half.
Wow, they moved fast if they did

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all that, I want to ask
another obvious question, why did you cancel?

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It Just seems like I'm I'm taking
on a very large loan. I

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wasn't certain that this is going to
do what it claims it's going to do.

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As far as you know, replacing
my electric bill, which concerns me

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I'm going to get stuck with a
cost I can't afford to pay. And

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then on top of that, was
I just am not I guess I'm just

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still uncertain that solar is a good
way to go. Well, solar is

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00:17:34.960 --> 00:17:38.200
an excellent way to go for some
people. It depends on how long you're

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going to be in the house and
all of that a lot. It's not

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for everyone. Yeah, so really
that that part, and then tax credits.

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00:17:45.279 --> 00:17:52.160
I don't know, can you use
tax credits? I might, That's

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the thing that I'm even talking to
my my tax person. Sounds like it's

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a little bit fuzzy as to how
much I do actually get, but it

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00:18:00.960 --> 00:18:06.680
sounds like I get most of it. Okay, Well, look, man,

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again, I think you're going to
have to decide this on your own

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one way. I mean, look, you signed it, you cancel it

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after a week and a half.
Could they negotiate? I think they could.

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Did you try to negotiate? You
know? All I'm saying is it

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could go any other way. I'm
just saying that that at this point,

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I don't know what can I say. I'm making a suggestion. Tom what's

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that. Well, if he waits
until they go to collections, the collections

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people are going to be much more
amenable to a settlement, you know,

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00:18:41.000 --> 00:18:44.240
because if they buy it for pennies
on the dollar, they're going to settle

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00:18:44.240 --> 00:18:48.480
for pennies on the dollar, whereas
the original company might not be as gracious

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00:18:48.480 --> 00:18:52.039
about it. Yeah, that's possible. That's possible. But it's a gamble.

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So again, you signed it,
you admit it, you canceled after

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the three days they sent you,
the information that they incurred costs. It's

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00:19:02.319 --> 00:19:07.480
it's up to you. If you're
asking what I would do, Oh man,

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I would explore the benefits of going
through with it. I would.

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00:19:12.319 --> 00:19:17.960
I would. I would do some
real serious due diligence and then weigh the

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cost there three all three seven,
one, three, eight, two five

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00:19:22.160 --> 00:19:27.720
five. Doug has a question about
dissolving a trust. Doug, what is

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it an irrevocable trust or a regular
trust? Good morning, Tom, Yes,

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00:19:33.200 --> 00:19:37.680
it is irrevocable. Okay. The
wife and I were we were snowbirds.

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We had a house. We have
a house here in Aurora and had

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a house out in Arizona. We
since divors trust is only a little over

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00:19:47.240 --> 00:19:49.039
a year old. Hey, we
have retirement planning center. Guys, do

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00:19:49.039 --> 00:19:53.839
you ever deal with trust irrevocable trust
for clients? If not, we can

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00:19:53.839 --> 00:19:59.920
find someone. You know, Let's
call one of our estate planning at tw

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00:20:00.039 --> 00:20:04.039
her nies Katschina. Let's try to
get either Kiel and Park. You guys

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00:20:04.079 --> 00:20:10.440
do a lot with Kiel and Park
and then let's talk to Kiel and Park

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00:20:10.559 --> 00:20:14.920
or Dan McKenzie and we'll find out
for you. I do know they're more,

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way, more difficult than a regular
trust. May I ask why?

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00:20:18.799 --> 00:20:22.119
And this is good for people listening. Why did you go with an irrevocable

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trust? Well, my then wife
she has family. I really don't have

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family, and I was willing to
go and with the irrevocable because I thought

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it would be the best way to
But why what? What? Tell me

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00:20:41.079 --> 00:20:45.839
what you had in the or what
do you have in the trust? Two

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00:20:45.880 --> 00:20:51.200
houses, one in Arizona and one
in Aurora, will plus are we had

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00:20:51.240 --> 00:20:55.839
some rental properties that we had owned
and it just so you have a bunch

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00:20:55.920 --> 00:20:59.160
of real estate? Is that all
you have in here is real estate?

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00:21:00.400 --> 00:21:04.680
Yeah? And how is the trust
our bank accounts? What your bank accounts

255
00:21:04.680 --> 00:21:08.640
are in there? Too? Yeah, what what did you have in mind

256
00:21:08.680 --> 00:21:12.000
for this? So? So,
I mean you don't even own your bank

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00:21:12.039 --> 00:21:17.839
accounts? And are they static bank
accounts or do you still contribute to them?

258
00:21:18.440 --> 00:21:21.799
You still contribute? And are you
able to draw money out when you

259
00:21:21.839 --> 00:21:25.720
need money? Oh? Yeah,
pay bills out of and everything. How

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00:21:25.799 --> 00:21:30.799
is the trust written? Then?
Is it written that it pays you cash

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00:21:30.039 --> 00:21:37.279
or how is it written? I
have it right here? Maybe I'm mistaken

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00:21:37.319 --> 00:21:41.799
on the bank accounts, could be. I mean, usually when you put

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00:21:41.799 --> 00:21:48.440
stuff into an irrevocable trust, you
get income from an irrevocable trust, Yes,

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00:21:48.839 --> 00:21:52.480
but you don't get to take principal
out or any party any property out.

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00:21:52.759 --> 00:21:59.920
And technically cash in is property and
cash out is property. So I'm

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00:22:00.279 --> 00:22:04.200
understanding anything. So your paychecks and
everything, I mean everything goes into this

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00:22:04.599 --> 00:22:11.119
bank account inside and irrevocable trust.
We're both retired. We were both retired,

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00:22:11.359 --> 00:22:18.319
okay, and it had all of
our our investment accounts, they had

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00:22:18.359 --> 00:22:21.599
all that in form. So basically, wait a minute, are you saying

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00:22:22.119 --> 00:22:27.440
that every dime and asset you have
is inside an irrevocable trust far as I

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00:22:27.599 --> 00:22:30.599
know it is? For what reason? Though? I mean, when you

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00:22:30.640 --> 00:22:34.160
did this whether you have family or
not. What reason would it be in

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00:22:34.200 --> 00:22:40.279
an irrevocable trust? Were you afraid
that creditors were coming after you? There

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00:22:40.319 --> 00:22:47.359
are very specific reasons for irrevocable trusts
which don't apply to ninety nine percent of

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00:22:47.400 --> 00:22:52.559
the people. Well, that's all
I know is that that's what was recommended

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00:22:52.599 --> 00:22:56.480
to us, that we do an
irrevice by who by a crackerjack box?

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00:22:56.559 --> 00:23:02.920
Or who? Who? Wholly?
By the company? It's called Safeguard Estate

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00:23:03.000 --> 00:23:07.440
Planning? And who is this so
you called? Are they a local company?

279
00:23:07.559 --> 00:23:12.960
They're in Arizona? And what reason
did they give you for an irrevocable

280
00:23:14.039 --> 00:23:19.480
trust? Oh, I don't you
know. I don't remember now. How

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00:23:19.640 --> 00:23:26.720
how did the divorce handle it?
Well, the divorce from we went through

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00:23:26.960 --> 00:23:32.119
the normal process of a divorce.
And did you divide the trust? Well,

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00:23:32.200 --> 00:23:37.359
the trust wasn't really involved in it. I was told that who's the

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00:23:37.400 --> 00:23:44.720
trustee? Who's the trustee? What
do you mean? Who is the trustee?

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00:23:45.119 --> 00:23:48.720
Who is the trustee of the trust? Who administerates it? Are you

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00:23:48.839 --> 00:23:52.920
the trustee? Is she the trust
who's the trustee? It's going to be

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00:23:53.319 --> 00:24:00.119
her, my ex wife. You're
talking about the beneficiary. Who's the trustee.

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00:24:00.519 --> 00:24:04.680
Right now, we are I believe
we are, and everything goes.

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00:24:04.759 --> 00:24:07.359
Do you have any kids? You
don't have anything, so you don't mind

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00:24:07.559 --> 00:24:12.559
everything you have going to her daughter. Well that was the problem. See

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00:24:12.599 --> 00:24:17.799
we came to loggerheads when once I
discovered everything was, she wanted everything to

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00:24:17.799 --> 00:24:21.480
go to her daughter. And guess
what split between her daughter? Guess what

293
00:24:21.680 --> 00:24:25.240
my brother? Guess what? Too
late? Who does it go to?

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00:24:25.480 --> 00:24:27.960
If it goes to her daughter and
it's irrevocable, guess what that means?

295
00:24:30.319 --> 00:24:33.599
That means it would all go to
her and my brother. They'd split it

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00:24:33.640 --> 00:24:37.000
fifty to fifty. Where does it
say your brother is part of it too?

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00:24:37.039 --> 00:24:42.279
Yeah? Okay, so you have
two beneficiaries, correct? And does

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00:24:42.359 --> 00:24:48.599
it state fifty to fifty? Yes? Okay, So why would you want

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00:24:48.640 --> 00:24:52.319
to hold on? We got to
get an attorney on. You've made so

300
00:24:52.480 --> 00:24:56.039
many mistakes I can't even begin to
count them. So let's see how we

301
00:24:56.279 --> 00:25:06.839
unf it up. Go with a
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303
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304
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306
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the real estate man dot Com to
list your home with Remax Alliance three oh

307
00:25:30.839 --> 00:25:42.759
three nine two zero sixteen twenty two. Hi Tom Martine, you're troubleshooter.

308
00:25:42.839 --> 00:25:48.799
Three oh three seven one three talk
three oh three seven one three eight two

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00:25:48.880 --> 00:25:55.599
five five. Dan McKenzie is on
he's an estate planning expert and or he's

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00:25:55.599 --> 00:26:00.680
an attorney and and Dan, I
want to ask some general question before we

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00:26:00.720 --> 00:26:07.279
get to Doug here, and what
is the main reason people start irrevocable trusts.

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00:26:08.119 --> 00:26:12.559
There's really two. One is to
get assets out of your name for

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00:26:12.640 --> 00:26:17.279
some tax growth outside of your state, if you have an a state tax

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00:26:17.359 --> 00:26:22.000
issue. And then the other is
for asset protection, to get assets out

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00:26:22.000 --> 00:26:23.839
of your name so if you get
sued you don't lose them. Both of

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00:26:23.839 --> 00:26:27.960
those require iravocal trust because if you
can revoke it, the irs and the

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00:26:27.960 --> 00:26:30.480
courts are going to be like,
well, that's still your stuff because you

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00:26:30.519 --> 00:26:33.839
could just undo this. Now I'm
going to give you a scenario, and

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00:26:34.519 --> 00:26:38.680
I don't think it was apropos in
this case. But Doug and his wife

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00:26:40.400 --> 00:26:47.079
started an irrevocable trust. The beneficiaries
are his brother, which is his only

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00:26:47.200 --> 00:26:52.880
family, and his wife's daughter,
not his daughter, her daughter. So

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00:26:52.359 --> 00:26:59.319
when they go, I guess these
two get fifty to fifty. Now here's

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00:26:59.400 --> 00:27:03.559
the problem. Doug and his wife
divorced. He said the trust was not

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00:27:03.720 --> 00:27:10.359
part of the divorce because it's already
written and is a separate entity. So

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00:27:11.119 --> 00:27:15.799
now he wants to dissolve the trust. But you haven't said why Doug,

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00:27:15.920 --> 00:27:19.480
why do you want to dissolve the
trust? Well, we both wanted to

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00:27:19.559 --> 00:27:25.279
dissolve in my ex wife and myself. Why and why Well, because the

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00:27:25.359 --> 00:27:30.880
houses are in the trust. And
she went down to pay the taxes on

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00:27:30.920 --> 00:27:36.599
the house out in Arizona and they
told her that it's in the trust and

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00:27:37.200 --> 00:27:41.440
that she needs to talk with an
attorney. It's not like they didn't take

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00:27:41.480 --> 00:27:45.440
the money. They took the money, but once they found out she was

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00:27:45.480 --> 00:27:49.839
divorced, they said she needs to
get that changed, get what changed to

333
00:27:49.920 --> 00:27:53.119
get get the house out of the
trust. Well that's not true at all.

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00:27:53.319 --> 00:27:56.920
That's just not true at all you
two both put the house is the

335
00:27:56.960 --> 00:28:02.359
house paid off? Yeah? That
house is the one in a Laura isn't

336
00:28:02.559 --> 00:28:07.440
okay? How many houses in total
do you have in the trust? And

337
00:28:07.559 --> 00:28:11.799
we didn't have the rental property in
the trust, so you have two houses

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00:28:11.839 --> 00:28:15.599
in the trust. You have bank
accounts? How many bank accounts are in

339
00:28:15.640 --> 00:28:23.000
the trust? Savings and checking for
each one of us? And accounts and

340
00:28:23.160 --> 00:28:27.839
investment accounts. I've never heard of
such a weird thing. So you guys

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00:28:27.839 --> 00:28:32.039
are divorced. So when you want
money, you write checks out of your

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00:28:32.079 --> 00:28:36.960
account and she writes checks out of
her account. That's right. And when

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00:28:37.319 --> 00:28:41.599
money is deposited, it's deposited in
those accounts. Yes, you know you're

344
00:28:41.640 --> 00:28:45.839
not obligated to deposit your money in
those accounts. And if it was me,

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00:28:47.000 --> 00:28:48.559
I would no longer do it.
But anyway, look at it.

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00:28:48.599 --> 00:28:53.079
I might be given advice out of
school here. But Dan McKenzie, attorney

347
00:28:53.119 --> 00:28:57.680
at law, can you see have
you ever heard of such a thing with

348
00:28:57.920 --> 00:29:06.240
everything? They have a trust irrevocable? I guess, but I when I

349
00:29:06.279 --> 00:29:07.839
have encountered it, I had the
same response you'd have, which is,

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00:29:07.880 --> 00:29:11.960
I'm not really sure this was necessary
unless you were doing it again, like

351
00:29:12.000 --> 00:29:15.200
sometimes you will put real estate in
the year of vocal trust so that all

352
00:29:15.240 --> 00:29:19.000
the game that happens after they do
that is outside their estate. I don't

353
00:29:19.000 --> 00:29:22.920
know if that was a motivator here. I doubt it. He has nothing,

354
00:29:23.000 --> 00:29:26.279
I mean other he'd never mentioned anything
outside of the trust. He said

355
00:29:26.279 --> 00:29:30.519
everything they have is in the trust. How much is what's the value of

356
00:29:30.559 --> 00:29:36.559
your investment accounts hers is? I
think one hundred and eighty thousand in mind

357
00:29:36.640 --> 00:29:38.720
is just a little over fifty.
Yeah, there's nothing, man. So

358
00:29:38.799 --> 00:29:42.240
let me ask you this. If
you wanted to take twenty five grand out

359
00:29:42.240 --> 00:29:45.920
for a vacation, could you do
it? As far as I know I

360
00:29:45.960 --> 00:29:51.319
could? I mean, Dan,
can they just willy nilly take things in

361
00:29:51.400 --> 00:29:56.400
and out of a trust as they
feel fit. If they do, it

362
00:29:56.480 --> 00:29:59.880
might undermine whatever purpose there was.
So if you were doing it for assets

363
00:30:00.000 --> 00:30:03.000
protection and taxes, and you were
just taking the money back out and you're

364
00:30:03.039 --> 00:30:06.599
the trustee and there's no constraints on
you, I'm in the irs is going

365
00:30:06.640 --> 00:30:08.279
to swoop in and say this is
not outside your estate, this is still

366
00:30:08.319 --> 00:30:11.359
your money. So well, and
they didn't do it for any of those

367
00:30:11.440 --> 00:30:15.240
reasons, Dan. They didn't do
it to protect themselves from a state tax.

368
00:30:15.440 --> 00:30:18.880
They didn't do it to protect themselves
from creditors. They only did it

369
00:30:18.920 --> 00:30:25.119
to pay fees to that company that
talked them into it. It was it

370
00:30:25.200 --> 00:30:30.359
was marketed to us that that was
the best way to protect our property in

371
00:30:30.480 --> 00:30:36.759
case the death of both of us. But okay, there are so many

372
00:30:36.839 --> 00:30:38.720
other options. I don't want to
get into it. I have a feeling

373
00:30:38.759 --> 00:30:42.519
this company ripped you off. What
did you pay them for this? Just

374
00:30:42.599 --> 00:30:48.359
five hundred? That was it?
Not another time? They don't administer it,

375
00:30:48.559 --> 00:30:52.640
Nope, there are no fees paid. There are no fees paid,

376
00:30:52.640 --> 00:30:56.759
Nope. In fact, it's hard
to get in touch with them. So

377
00:30:56.799 --> 00:30:59.079
we can say, Okay, Dan, I got to take this break.

378
00:30:59.119 --> 00:31:02.000
But Dan, I'm hoping you can
tell us how they get out of this.

379
00:31:02.160 --> 00:31:10.200
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00:31:17.519 --> 00:31:22.839
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382
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383
00:31:26.000 --> 00:31:30.640
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384
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durand the real estate man dot Com
to list your home with Remax Alliance.

385
00:31:34.119 --> 00:31:44.400
Three oh three nine two zero sixteen
twenty two. Hi Tom Martino, your

386
00:31:44.480 --> 00:31:48.839
troubleshooter three oh three seven to one
three Talk Dan mackenzie. How do you

387
00:31:48.839 --> 00:31:52.319
get rid of an irrevocable trust?
Well, it really depends on what the

388
00:31:52.359 --> 00:31:56.680
trust says. It sounds like Kim
and his ex wife are the trustees of

389
00:31:56.720 --> 00:31:59.480
the trust, So it sounds like
they're able to dip in and take out

390
00:31:59.480 --> 00:32:04.000
money with really any constraint. So
if that's the case, maybe they can

391
00:32:04.039 --> 00:32:07.079
do that. I guess I'd just
be a little bit concerned if there's any

392
00:32:07.519 --> 00:32:09.880
you know, who's supposed to receive
that money eventually. If they do that,

393
00:32:10.039 --> 00:32:16.480
I guess those people could those people
protest potentially? Yeah, potentially.

394
00:32:17.319 --> 00:32:21.920
Okay, So here's what I want
to ask, Doug. What will the

395
00:32:22.000 --> 00:32:25.920
trust? What will your brother say
and her daughter say if you guys want

396
00:32:25.960 --> 00:32:31.079
to dissolve that trust right now?
I talked to my brother this morning.

397
00:32:31.119 --> 00:32:35.480
He said he's fine, And what
about wanting to my stuff? What about

398
00:32:35.519 --> 00:32:38.839
her kid? Now that I don't
know, well, I'm going to tell

399
00:32:38.839 --> 00:32:44.960
you you. Are you sure you
two are in agreement with this. Yes,

400
00:32:45.319 --> 00:32:47.319
we both want to dissolve the trust
so we can go our separate ways

401
00:32:47.559 --> 00:32:52.160
and not have any any of that. And here's what you do to us

402
00:32:52.519 --> 00:32:57.599
that it's best to it's better to
have a trust than it is to have

403
00:32:57.640 --> 00:33:00.640
a will. Well, they're full
of crop. Okay, in some cases

404
00:33:00.680 --> 00:33:04.319
that might be true. Listen,
whatever they did, they did you wrong,

405
00:33:04.400 --> 00:33:06.920
Okay. I don't care what you
say. There's no way in the

406
00:33:06.920 --> 00:33:09.920
world you were a candidate for an
irrevocable trust. You have nothing. You

407
00:33:09.960 --> 00:33:15.000
have in the world of the States. You have nothing, Okay, truly,

408
00:33:15.640 --> 00:33:21.480
and it's weird there was nothing to
protect. I suggest you. I

409
00:33:21.559 --> 00:33:27.279
suggest you listen. Man, call
Dan McKenzie. First, have him go

410
00:33:27.519 --> 00:33:31.039
over the trust document. That is
your first step. It's your first step.

411
00:33:31.599 --> 00:33:36.480
Then he can see the most painless, quick way to do it.

412
00:33:36.480 --> 00:33:39.319
It can be done if the plan
allows for it, and you don't get

413
00:33:39.359 --> 00:33:45.880
a lot of objection. Eight three
three COO plans eight three three co plans.

414
00:33:45.279 --> 00:33:50.319
Go with a sure thing Denver's best
roofer Excel roofing dot Com. You

415
00:33:50.359 --> 00:33:57.359
don't pay a cent until you're contenth
time for an insurance check up free,

416
00:33:57.480 --> 00:34:00.519
no obligation. In comparison, call
Compass and Durance. Pay too much your

417
00:34:00.559 --> 00:34:05.599
coverage at dozens of insurance companies.
Find out now three oh three seven seven

418
00:34:05.640 --> 00:34:08.400
to one help. You'll think you're
his only customer when you choose Frank durand

419
00:34:08.400 --> 00:34:13.840
the real estate Man dot com to
list your home with Remax Alliance three oh

420
00:34:13.840 --> 00:34:24.320
three nine two zero sixteen twenty two. Yeah, rip news. You need

421
00:34:24.360 --> 00:34:32.880
advice? Who you don't have?
Come run in sioutass can Shooter's gonna help?

422
00:34:34.159 --> 00:34:42.159
Come man, This is the Troubleshooter
Show. Now Tom Martino, Hi,

423
00:34:42.360 --> 00:34:45.159
Tom Martino here, Welcome to the
show. Three oh three seven one

424
00:34:45.239 --> 00:34:50.239
three talk seven one three eight two
five five. Waterpros dot net the best

425
00:34:50.239 --> 00:34:52.559
water systems, the lowest prices,
whole house systems that are around thirty five

426
00:34:52.639 --> 00:34:57.840
hundred. Listen. I know,
I harp a lot about water and health

427
00:34:57.880 --> 00:35:00.840
and supplements and all that because water
is the number one nutrient in our that

428
00:35:00.920 --> 00:35:07.000
we take in and also for laundry, pipes, plumbing. Paul Thewaterman.

429
00:35:07.079 --> 00:35:12.639
That's waterpros dot Net three oh three
eight six two five five five four Brett,

430
00:35:12.840 --> 00:35:15.360
I'm not sure what you're commenting on
Mexico. Did we talk about Mexico,

431
00:35:17.880 --> 00:35:23.119
Red hey Man, did we talk
about Mexico? Yes, yesterday you

432
00:35:23.199 --> 00:35:27.760
talked to a gentleman that wanted to
do Oh hold on, I know,

433
00:35:27.880 --> 00:35:30.760
hold on. Let me recap that
some guy called in with stage four cancer,

434
00:35:31.320 --> 00:35:35.840
an aggressive form of prostate cancer came
back and in his lymph nodes,

435
00:35:36.199 --> 00:35:38.519
and he wanted to know what what
about these? Should I? He said,

436
00:35:38.519 --> 00:35:42.280
should I go to Mexico? Well, that's a loaded question. We

437
00:35:42.320 --> 00:35:45.920
had a doctor in from Grossmanwellness dot
com and and he said, look,

438
00:35:47.000 --> 00:35:51.119
I can't tell you whether you go
to Mexico or not. And and then

439
00:35:51.199 --> 00:35:54.760
that was the comment. And he
talked about some pills and special diets and

440
00:35:54.800 --> 00:35:59.840
all of that. Go ahead.
Yeah, he's he's on the wrong.

441
00:36:00.760 --> 00:36:05.079
I had a brother in law that
had this went to Thanksico for this treatment

442
00:36:05.639 --> 00:36:08.880
many years ago, and he came
back in a pine box. It doesn't

443
00:36:08.920 --> 00:36:15.559
work. It's just a scam.
Well, Mexico takes so many people from

444
00:36:15.599 --> 00:36:20.559
America on not just cancer treatment.
Do you remember the old leatrill Do they

445
00:36:20.599 --> 00:36:22.519
still even do? That? Was
it from Peach pits. Do you remember

446
00:36:22.519 --> 00:36:27.159
that, doc Leatrill. Yeah,
it was supposed to kill cancer, but

447
00:36:27.239 --> 00:36:32.400
it was a poison and then so
it was like anyway, there's all kinds

448
00:36:32.440 --> 00:36:37.039
of treatments that pop up around the
world for people to go to. They

449
00:36:37.079 --> 00:36:38.920
do a lot of dental work.
Now there are a lot of people go

450
00:36:38.960 --> 00:36:44.360
down there for dental work that swear
by it, but for major dental work.

451
00:36:44.480 --> 00:36:46.360
Well, remember you had a deputy
that went down there and he had

452
00:36:46.360 --> 00:36:52.800
a horrible result. I know,
yeah, that's bad. Yeah, did

453
00:36:52.840 --> 00:36:58.280
you get so your brother? What
was the treatment? Do you remember it

454
00:36:58.440 --> 00:37:01.880
was? I don't well it was
the same saying he's talking about the holistic

455
00:37:02.800 --> 00:37:07.000
whatever. And you know, they
promised, they promised life. Three weeks

456
00:37:07.000 --> 00:37:10.880
of treatment, they he'd be cured, and he didn't even live three weeks.

457
00:37:10.880 --> 00:37:15.639
He just he wasn't that bad when
he went down there, but he

458
00:37:16.159 --> 00:37:20.639
came back in a fine box.
I'm sorry to hear that. Thank you

459
00:37:20.719 --> 00:37:23.079
for calling in appreciate it. Marshall. What's going on with you, Marshall?

460
00:37:24.159 --> 00:37:29.480
He there, Marshall, Well can
you hear me? Yes, sir,

461
00:37:30.360 --> 00:37:36.599
already. So I got this truck
from my dad recently, and the

462
00:37:37.400 --> 00:37:40.559
ninety nine Dodge Ram fifteen hundred.
Now, when you say you got your

463
00:37:40.639 --> 00:37:45.760
dad gave it to you, he
gave it to me. Okay, so

464
00:37:45.000 --> 00:37:53.360
right before he passed away. So
anyway, I ran into a situation where

465
00:37:53.400 --> 00:37:57.800
I decided I was going to go
see my mom and take a sixteen hundred

466
00:37:57.840 --> 00:38:04.880
mile drive in it, and all
of a sudden I ended up powerless in

467
00:38:04.920 --> 00:38:09.960
Iowa? How many miles on this
truck there are? Let me, I'm

468
00:38:10.000 --> 00:38:15.920
sitting right here in the cab.
So ninety eight thousand, five hundred and

469
00:38:15.960 --> 00:38:19.800
eighty eight miles. No, there
aren't no, there aren't no, yes,

470
00:38:19.840 --> 00:38:22.480
sir on in ninety nine, Yes, sir, he never turned one

471
00:38:22.519 --> 00:38:28.079
hundred thousand miles on that car.
I put eight thousand on it in the

472
00:38:28.119 --> 00:38:34.920
last few months. Okay, so
actually more more, he hardly drove it

473
00:38:34.960 --> 00:38:38.039
then, huh. Right towards the
end of his life he didn't drive much

474
00:38:38.079 --> 00:38:44.920
at all. Okay, So what
is your question? So basically, I'm

475
00:38:44.960 --> 00:38:50.119
sitting here looking at a letter that
says this letter is to inform you that

476
00:38:50.280 --> 00:38:54.039
the warranty period on your vehicle's catalytic
converter has been extended to ten years,

477
00:38:54.039 --> 00:38:59.480
one hundred twenty thousand miles or until
twelve thirty of two thousand and six,

478
00:38:59.679 --> 00:39:05.880
which ever is later. So oh
on, it's from the Daimler price.

479
00:39:07.599 --> 00:39:12.639
You're not going to get You're not
going to get that catalytic converter covered on

480
00:39:12.719 --> 00:39:16.719
a nineteen ninety nine Dodge. Did
you listen to what I said? Yes?

481
00:39:16.760 --> 00:39:21.159
I did. I heard every word
and you said, whichever is longer

482
00:39:21.199 --> 00:39:23.800
one hundred and twenty thousand miles?
I heard it correct, And I'm going

483
00:39:23.840 --> 00:39:28.519
to say this again. You're never
going to get it covered. Oh I'm

484
00:39:28.519 --> 00:39:31.159
going to get it. Okay.
I just figured maybe you would have some

485
00:39:31.599 --> 00:39:36.400
press up your sleeve. Now I'm
going to ask someone about it. I'm

486
00:39:36.400 --> 00:39:40.480
not going to let my pessimism discourage
you. I'm going to get you.

487
00:39:40.679 --> 00:39:45.079
I'm encouraged by your pessimist. Okay, good, it challenges you. That's

488
00:39:45.079 --> 00:39:49.039
good. Let me tell you why
they're going to challenge the idea first of

489
00:39:49.079 --> 00:39:52.079
the mileage, and then what they're
going to do. You know, first

490
00:39:52.119 --> 00:39:55.639
of all, one hundred and twenty
thousand miles, and I've heard of the

491
00:39:55.800 --> 00:40:04.559
time limit expiring and not the read
that again, and I'm trusting you that

492
00:40:04.760 --> 00:40:08.360
I will read it in two different
forms in the same letter, there was

493
00:40:08.440 --> 00:40:13.079
there was a tear off, there
was a warranty adendum. Yeah, so

494
00:40:13.360 --> 00:40:16.159
this first sentence here, and I'm
skipping the bulk of it, just go

495
00:40:16.159 --> 00:40:21.519
ahead, but this letter is to
inform you that the warranty period on your

496
00:40:21.599 --> 00:40:28.920
vehicles catalytic converter has been extended to
ten years, one hundred and twenty thousand

497
00:40:29.000 --> 00:40:34.719
miles or until twelve thirty two thousand
and six, whichever is later. And

498
00:40:35.840 --> 00:40:40.719
they go on to describe the was
this letter in the glove compartment. It

499
00:40:40.760 --> 00:40:45.920
was in a folder. Okay,
so now it looks like it's it's been

500
00:40:45.400 --> 00:40:52.840
passed around an office for a few
weeks. But at the bottom and their

501
00:40:52.000 --> 00:40:59.639
their catalytic converter warranty coverage addendum.
They reiterated, and I was a little

502
00:40:59.679 --> 00:41:06.800
concern learned initially in the first sentence
there was a slash there between between ten

503
00:41:06.880 --> 00:41:09.559
years or one hundred and twenty thousand
miles, And then I read it down

504
00:41:09.599 --> 00:41:15.239
below it says to ten years or
one hundred twenty thousand miles, whichever is

505
00:41:15.320 --> 00:41:20.000
later, from the warranty start.
Here's what I think they mean by later,

506
00:41:20.320 --> 00:41:22.760
is the date not the miles.
Well, it's no, that's not

507
00:41:22.800 --> 00:41:27.599
true. Does it say later or
does it say longer? Sir? What

508
00:41:27.639 --> 00:41:32.920
does it say later or longer?
Says later? Up top and it says

509
00:41:35.079 --> 00:41:37.800
it says ten years or one hundred
and twenty thousand miles whichever is later from

510
00:41:37.880 --> 00:41:42.639
the warranty start date of your vehicle, and that says date to me,

511
00:41:42.760 --> 00:41:49.039
does it go ahead or one year
from the date of this letter or two

512
00:41:49.119 --> 00:41:52.320
years from the date of this letter
if you have failed a California smog check

513
00:41:52.400 --> 00:42:00.280
or another state inspection, so okay
or another it's about there there, and

514
00:42:00.280 --> 00:42:05.559
that letter was sent, that letter
was sent, when that letter was sent,

515
00:42:05.599 --> 00:42:09.400
when sent to December thirtieth, two
thousand and five. Okay, So

516
00:42:09.559 --> 00:42:14.440
it is beyond that second part you're
read. It's way beyond two years since.

517
00:42:14.840 --> 00:42:20.400
But it's constantly saying whichever is later, And that's right. I get

518
00:42:20.440 --> 00:42:24.280
it when it says whichever is later. And listen, man, I know

519
00:42:24.519 --> 00:42:29.000
you want to prove me wrong,
and I applaud you for it, but

520
00:42:29.079 --> 00:42:34.119
I'm not wrong. Whenever they mentioned
dates and they say whichever is later,

521
00:42:34.519 --> 00:42:39.440
it is the later date. Mileage
is not referred to as later. It's

522
00:42:39.480 --> 00:42:45.159
referred to as longer. Goodbye.
Three oh three seven one three talk seven

523
00:42:45.199 --> 00:42:47.320
one three eight two five five.
Here's what I have to say to Marshall.

524
00:42:47.639 --> 00:42:52.400
Go get it covered. Go on, go get it covered. You

525
00:42:52.639 --> 00:43:00.480
won't get it covered, all right, you will not get it covered.

526
00:43:00.960 --> 00:43:06.920
It's logical. If it's said whichever
is longer, you might have an argument.

527
00:43:07.880 --> 00:43:12.320
What it says is from this date
to that date, and it has

528
00:43:12.440 --> 00:43:16.719
in PARENTHESI or whatever one hundred and
twenty thousand miles whichever is later. It's

529
00:43:16.800 --> 00:43:22.920
talking about a date. But go
ahead, and I want you to call

530
00:43:22.960 --> 00:43:25.360
me back when you get it covered
with proof of coverage. Okay. And

531
00:43:25.480 --> 00:43:30.239
if you do, if you get
that replacement covered, I will buy you

532
00:43:30.320 --> 00:43:35.599
a steak dinner. You hear me
a steak dinner. I want proof of

533
00:43:35.639 --> 00:43:39.599
it. Wanda? What's going on
with you? Wanda? I come,

534
00:43:40.159 --> 00:43:47.719
what's happening? I am calling about
my three nieces. The oldest one has

535
00:43:47.800 --> 00:43:55.079
been declared mentally I'm incompetent crazy,
But now she did have a court ruling

536
00:43:55.119 --> 00:44:02.199
of incompetency. No, not a
court rulingta medically. Okay, well there's

537
00:44:02.239 --> 00:44:06.599
a little difference there. Okay,
go ahead, what so tell me about

538
00:44:06.599 --> 00:44:10.599
it? What's going on? So
the second, the middle sister currently has

539
00:44:10.679 --> 00:44:15.840
power of attorney and medical proxy and
she did get okay, she got power

540
00:44:15.840 --> 00:44:21.639
of attorney for her sister. Yeah, and she was living with a sister

541
00:44:21.719 --> 00:44:29.960
in Arizona. Since then she has
dropped the older sister off with a younger

542
00:44:30.000 --> 00:44:35.320
sister in Illinois and she's been staying
here or staying on. Okay, So

543
00:44:35.400 --> 00:44:38.960
one sister had power, has power
of attorney and wants to transfer to another

544
00:44:39.039 --> 00:44:44.920
sister. Yes, and we are
not exactly sure how we go abal oh,

545
00:44:44.920 --> 00:44:49.639
okay, let's and medici and okay, okay, good question. What

546
00:44:49.800 --> 00:44:53.159
kind of power of attorney was it? I know she's in charge of everything?

547
00:44:53.559 --> 00:44:58.920
Okay, A durable power of attorney? Was it called? I said,

548
00:44:58.960 --> 00:45:02.440
I don't know, tom okay?
And when was her bank accounts everything?

549
00:45:04.000 --> 00:45:07.599
And when was it issued? The
power of attorney? About four four

550
00:45:07.679 --> 00:45:12.840
or five years ago? And was
it done voluntarily by her before she was

551
00:45:12.840 --> 00:45:17.639
declared incompetent or by the court.
I don't think the courts were ever involved.

552
00:45:19.360 --> 00:45:27.679
So if she wasn't was she incompetent
when she signed it? Yeah?

553
00:45:27.719 --> 00:45:32.079
Well then how could she grant power
of attorney? I don't know. I

554
00:45:32.079 --> 00:45:36.519
don't think it's okay, that's why
I was asked. I know it was

555
00:45:36.559 --> 00:45:40.119
done. Maybe it's through the Social
Maybe it's more medical proxy, because she's

556
00:45:40.199 --> 00:45:44.880
like, you know, her representative
for Social Security. Okay, and no

557
00:45:44.920 --> 00:45:46.760
one, no one questions it.
Right, that's the most important partner.

558
00:45:47.639 --> 00:45:52.559
Okay, yeah, no one,
no one questions it. Okay. She

559
00:45:52.559 --> 00:45:54.800
she's ready to turn it over to
her younger sister. I get it.

560
00:45:54.880 --> 00:45:59.400
Yeah, okay, So it's not
like we have to even prove it anyway.

561
00:45:59.440 --> 00:46:01.880
We just have to transfer hold on
and we'll get an attorney to talk

562
00:46:01.920 --> 00:46:06.000
about this. Okay. Uh,
let's get let's try to get Dan back

563
00:46:06.039 --> 00:46:13.800
on three oh three seven one three
eight two five five. Go with a

564
00:46:13.840 --> 00:46:17.199
sure thing Denver's best roofer Excel Roofing
dot com. You don't pay a cent

565
00:46:17.400 --> 00:46:24.920
until you're content. Time for an
insurance check up, free no obligation comparison

566
00:46:25.039 --> 00:46:30.119
call Compass Insurance paying too much your
coverage at dozens of insurance companies find out

567
00:46:30.159 --> 00:46:34.679
now three oh three seven seven to
one help. You'll think you're his only

568
00:46:34.800 --> 00:46:37.599
customer when you choose Frank durand the
real estate Man dot com to list your

569
00:46:37.639 --> 00:46:47.079
home with Remax Alliance three oh three
nine two zero sixteen twenty two. Hi

570
00:46:47.320 --> 00:46:53.199
Tom Martino, your troubleshooter three oh
three seven one three talk three all three

571
00:46:53.199 --> 00:46:59.559
seven one three eight two five five. Now did we get our attorney is

572
00:46:59.599 --> 00:47:04.320
the avail? He's not hold on. He is not available at all today.

573
00:47:04.960 --> 00:47:07.599
I've called all of them and they
are not able at this point.

574
00:47:07.679 --> 00:47:12.880
So we could book her for later
and I could try to make that we

575
00:47:13.199 --> 00:47:17.599
We just had our attorney on earlier
about estates and about legal stuff and transferring,

576
00:47:19.360 --> 00:47:23.760
and neither Mackenzie law or kill and
Parker answering at this point. But

577
00:47:23.960 --> 00:47:29.920
we will get your answer for you
and call you back for sure. You

578
00:47:30.039 --> 00:47:34.480
want to know about transferring power of
attorney. Now here's the complicated part,

579
00:47:34.519 --> 00:47:37.159
okay, and this is why I
want to ask an attorney. Under normal

580
00:47:37.239 --> 00:47:43.239
circumstances, it would just be a
transfer with the principle doing it. But

581
00:47:43.360 --> 00:47:52.239
the principle is incapacitated legally, or
I think she is, although although like

582
00:47:52.320 --> 00:47:55.639
if you if you wait, wait, if you she hasn't been ruled incompetent

583
00:47:55.800 --> 00:48:02.119
by the legal system, I think
right. But let's just explore this.

584
00:48:04.000 --> 00:48:07.039
So for example, if you talk
to her right now? Does she know

585
00:48:07.119 --> 00:48:12.400
what's up? Yes, she has
much better. Now, what is incompetent?

586
00:48:12.519 --> 00:48:15.440
When you say she was ruled in
what does that mean to you?

587
00:48:15.920 --> 00:48:22.679
Well, whenever she first got sick, I mean she literally was basically kind

588
00:48:22.679 --> 00:48:29.199
of out of her mind. Who
ruled her incompetent? Who said she is

589
00:48:29.400 --> 00:48:34.159
incompetent? Medical? What's medical mean? What does that mean? Medical?

590
00:48:34.280 --> 00:48:39.280
I don't know anyone named medical doctors. Okay, there was literally a doctor

591
00:48:39.320 --> 00:48:46.159
who said she is incapable of handling
her own affairs. Yes, okay,

592
00:48:46.320 --> 00:48:51.440
are they still saying that? Well, she still meets with them all the

593
00:48:51.480 --> 00:48:53.840
time. You know, she has
appointments with them, and you know they've

594
00:48:53.840 --> 00:48:59.480
controlled a lot of it with medications. And what are what are they controlling?

595
00:48:59.519 --> 00:49:04.599
What is her condition? Oh god, she was having seizures really bad.

596
00:49:06.920 --> 00:49:09.920
She was actually an alcoholic. And
then okay, I get what you're

597
00:49:09.960 --> 00:49:14.599
saying. Okay, so right now, here's what I'm thinking. And this

598
00:49:14.679 --> 00:49:17.239
is not legal advice, But if
this was my sister, what I would

599
00:49:17.280 --> 00:49:22.920
do is this, She's never been
ruled incompetent. She could go out right

600
00:49:22.960 --> 00:49:29.159
now and buy a car if she
wanted to write, I suppose there's no

601
00:49:29.320 --> 00:49:35.400
court document saying she can't buy a
car. She okay, there's nothing saying

602
00:49:35.440 --> 00:49:40.519
she's incompetent. There was just a
time, right other than the doctors.

603
00:49:40.880 --> 00:49:45.920
The doctor never filed. This was
an opinion of a doctor at the time.

604
00:49:46.360 --> 00:49:52.880
It was a snapshot. It wasn't
a declaration. There's a difference.

605
00:49:52.639 --> 00:49:55.199
You know. There's many times a
doct will come out and say, oh,

606
00:49:55.239 --> 00:49:58.679
she's out of it, she can't
handle anything. You better help her

607
00:49:58.679 --> 00:50:02.000
out. But no one did anything. They just got a power of attorney

608
00:50:02.039 --> 00:50:08.440
and she signed it. So do
you get the sister that's in charge of

609
00:50:08.480 --> 00:50:13.719
everything. She keeps saying they have
to go into social Security to get it

610
00:50:13.800 --> 00:50:17.599
transferred. Nobody as social Security gets
anything. Social Security does nothing. I

611
00:50:17.599 --> 00:50:22.800
don't even understand what that means.
Well, I guess social Security can designate

612
00:50:22.840 --> 00:50:28.920
another person as their proxy. No, the person designates them, social Security

613
00:50:28.960 --> 00:50:32.639
doesn't designate them. Well, okay, same thing. But so so your

614
00:50:32.679 --> 00:50:37.159
sister. I know what happened.
The two sisters went into social Security,

615
00:50:37.239 --> 00:50:42.719
right, No, just the one, just the one and what did you?

616
00:50:42.800 --> 00:50:45.239
Oh? Well, the one okay, yeah, the one that is

617
00:50:45.639 --> 00:50:51.199
mentally impaired, and her sister went
into Social Security. Well, guess what,

618
00:50:52.480 --> 00:50:55.440
they would have never transferred, They
would have never made a designee.

619
00:50:55.800 --> 00:51:02.480
If that sister was incompetent, that
person at Social Security simply designated someone because

620
00:51:02.519 --> 00:51:10.159
your sister had to have communicated that
that's what she wanted. So somehow,

621
00:51:10.960 --> 00:51:19.880
somehow, when they went to Social
Security, your sister made her desires.

622
00:51:21.000 --> 00:51:25.400
Non. So this is what I'm
asking. If your sister, the so

623
00:51:25.679 --> 00:51:32.360
called incompetent one and the other one, if they both go into Social Security

624
00:51:32.920 --> 00:51:39.559
today or tomorrow or whenever, would
that sister have the capability of saying,

625
00:51:40.199 --> 00:51:45.440
I want to designate someone new.
Yeah, then that's what you do,

626
00:51:46.400 --> 00:51:51.559
okay, because really that's what you
do. That's what you did before.

627
00:51:51.719 --> 00:51:55.199
There was never a court case that
the Social Security doesn't meet with people and

628
00:51:55.239 --> 00:51:59.039
say, oh, yeah, I
can see what you say. She's looney.

629
00:51:59.239 --> 00:52:02.280
You can be the you can be
the designee because they don't know that

630
00:52:02.280 --> 00:52:07.119
that looney one wants the person in. So if your sister went in and

631
00:52:07.320 --> 00:52:10.599
she truly was looney, and she
said and she was there, blah blah

632
00:52:10.599 --> 00:52:14.199
blah blah blah blah, and the
other sister says, I'm going to be

633
00:52:14.239 --> 00:52:16.960
your designee, Social Security would say, how do I know that? Where's

634
00:52:16.960 --> 00:52:22.320
your court document? They would never
do it. But if both sisters went

635
00:52:22.360 --> 00:52:25.159
in and one is frail and weekly, and she says, I'd like to

636
00:52:25.280 --> 00:52:30.400
designate my sister as my designee,
and the sisters there, they would process

637
00:52:30.480 --> 00:52:35.039
the paperwork. That's exactly what happened. Now, what does that mean?

638
00:52:35.079 --> 00:52:38.719
Where is where is our sociuity check
being sent? That's the question. No,

639
00:52:38.800 --> 00:52:42.519
it isn't a It doesn't even matter
to me where it's being sent.

640
00:52:42.679 --> 00:52:46.760
It can be sent. What matters
to me is how the designation was determined.

641
00:52:47.079 --> 00:52:52.840
It was not determined by court.
It was determined by an appointment.

642
00:52:52.280 --> 00:52:58.920
So anyone can do that on their
own. I could go intoday, I

643
00:52:58.960 --> 00:53:04.960
could go into today and make Doc
my designee for everything Social Security. I

644
00:53:05.039 --> 00:53:09.599
could not go in with Doc if
I was not speaking or in my right

645
00:53:09.679 --> 00:53:14.519
mind. They would say to Doc, sir, where is your court paper

646
00:53:14.559 --> 00:53:19.079
work? This person obviously doesn't know
what they're doing, so it's going to

647
00:53:19.159 --> 00:53:22.360
be easier than I thought. Your
two sisters go to the new Social Security

648
00:53:22.400 --> 00:53:27.440
office where she lives, and she
says, I want to take this sister

649
00:53:27.480 --> 00:53:31.800
off and make this sister my new
designee. That's it. I don't see

650
00:53:32.119 --> 00:53:37.320
why it doesn't take anything. Had
it been court appointed, it would have

651
00:53:37.320 --> 00:53:39.960
been a different story. Then.
As far as where the check's going,

652
00:53:40.360 --> 00:53:45.360
who cares? I imagine the sisters
getting the check to manage it for her

653
00:53:45.400 --> 00:53:50.519
sister. But that's up to them
to work out. Three h three seven

654
00:53:50.639 --> 00:53:54.599
one three eight two five five.
What's going on, Cynthia? What's happening?

655
00:53:55.760 --> 00:54:00.840
Hey, I'm sorry, I'm in
lin at walmart I No, you're

656
00:54:00.880 --> 00:54:04.480
okay. Let me get out of
here. I have a question, and

657
00:54:04.559 --> 00:54:06.599
I don't know if you could say
or not. And I've listened to you

658
00:54:06.639 --> 00:54:09.639
for years and years and years were
okay, but my husband, thank you.

659
00:54:10.559 --> 00:54:15.320
We're about to celebrate our twentieth anniversary
of meeting each other, and I'm

660
00:54:15.320 --> 00:54:21.760
just trying to do something special.
And he loves he loves old land cruisers.

661
00:54:21.760 --> 00:54:23.639
So he's not really a car guy, but he loves these old land

662
00:54:23.679 --> 00:54:27.199
cruisers. He had women when he
was young. It was a seventy two

663
00:54:27.760 --> 00:54:30.159
if you know what I'm talking about. Okay, So you're looking to surprise

664
00:54:30.320 --> 00:54:36.679
him with a day or a lifetime. You're going to buy it or do

665
00:54:36.719 --> 00:54:37.880
you want to rent it? No? No, no, no, no,

666
00:54:37.880 --> 00:54:40.400
no, no, not by but
we'd like to rent. I would

667
00:54:40.440 --> 00:54:45.280
like to surprise him and rent something. I have no idea how to find

668
00:54:45.360 --> 00:54:50.079
something like that, but it would
absolutely thrill him. And so I know,

669
00:54:50.199 --> 00:54:52.639
you know, like a ton of
people. So I've got to reach

670
00:54:52.679 --> 00:54:55.440
out to the start. It's called
class This is not the name of a

671
00:54:55.480 --> 00:55:00.960
company, but there are classic car
rentals. How Ever, I don't know

672
00:55:01.039 --> 00:55:07.400
of any still in business. But
there is one I think still in business

673
00:55:07.480 --> 00:55:14.719
called Exotic Drives of Denver. I
think I haven't looked them up in a

674
00:55:14.760 --> 00:55:21.199
while. Exist they might know you
might call it. But here here's what

675
00:55:21.280 --> 00:55:30.000
I'm hearing. Okay, when I
looked it up online that exotic cars are

676
00:55:30.119 --> 00:55:34.159
drives, I'm sorry of Denver.
And it has five No, it has

677
00:55:34.320 --> 00:55:39.840
six stars, for God's sakes from
YELP. Now, as far as I'm

678
00:55:39.880 --> 00:55:45.679
looking for others for classic, what
year would this car be? He likes

679
00:55:45.679 --> 00:55:50.079
the seventy two, But you know, I'm not going to be super picky.

680
00:55:49.239 --> 00:55:53.199
These look more like like sports cars. But I would start there.

681
00:55:53.239 --> 00:55:58.800
Those people would know a lot.
Oh. Another one is Street. Although

682
00:55:58.800 --> 00:56:02.039
they're a dealer, they're not a
renter. A street dreams, but they

683
00:56:02.159 --> 00:56:07.760
might know anyway. Exotic, I'd
start with Exotic Drives of Denver, and

684
00:56:07.000 --> 00:56:16.079
I have the number here seven seven
to zero two nine one seven three six

685
00:56:16.280 --> 00:56:22.480
one. Now there is something else
called have you ever heard of the peer

686
00:56:22.519 --> 00:56:27.119
to peer rentals? Oh? Yes, I have, And I was kind

687
00:56:27.119 --> 00:56:30.679
of one of the reasons I was
calling because I thought maybe someone would hear

688
00:56:30.760 --> 00:56:32.760
me and be willing right, and
if so, you leave your number,

689
00:56:32.840 --> 00:56:38.119
we'll get we'll definitely pass out on. There is there's something called turow.

690
00:56:38.639 --> 00:56:42.840
I believe that's peer to peer.
It's kind of like when you go to

691
00:56:42.840 --> 00:56:45.880
a city and you want to rent
a car. You can literally rent someone's

692
00:56:45.920 --> 00:56:50.920
car, and there might be people
on turow that have older cars to rent.

693
00:56:51.239 --> 00:56:55.599
I'm not sure. Listen, I
would start. I would start networking

694
00:56:55.920 --> 00:57:04.320
with Exotic Drives and Thenina get her
number and if someone calls or Shannon,

695
00:57:04.360 --> 00:57:09.280
thank you. If someone calls and
says, hey, we have an old

696
00:57:09.320 --> 00:57:14.639
car, we know where to rent
one, then we'll pass it on.

697
00:57:15.199 --> 00:57:22.559
Three O three seven one, three
eight two five five Go with a sure

698
00:57:22.679 --> 00:57:27.199
thing Denver's Best roofer Excel roofing dot
com. You don't pay a cent until

699
00:57:27.239 --> 00:57:32.760
you're content. Time for an insurance
check up free, no obligation. In

700
00:57:32.800 --> 00:57:38.119
comparison, call Compass Insurance paying too
much your coverage at dozens of insurance companies

701
00:57:38.199 --> 00:57:42.639
find out now three oh three seven
seven to one help. You'll think you're

702
00:57:42.679 --> 00:57:45.559
his only customer when you choose Frank
durand the real estate Man dot com to

703
00:57:45.639 --> 00:57:52.880
list your home with Remax Alliance three
oh three nine two zero sixteen twenty two.

704
00:57:54.199 --> 00:57:58.400
Hey, I'm Tom Martine, your
troubleshooter three oh three seven one three

705
00:57:58.440 --> 00:58:02.079
talks seven one three eight two five
five. All right, let's talk.

706
00:58:02.199 --> 00:58:08.360
I want to go back to Cynthia. Guess what we found something here?

707
00:58:09.000 --> 00:58:15.280
Oh? You did? The actual
car jaris over here, Hanson. He's

708
00:58:15.320 --> 00:58:19.760
with Retirement Planning Center. Rockies found
a site. What is it? Jarrifs

709
00:58:19.800 --> 00:58:22.440
turn your mic on there? Bro
driveshare dot com, Tom drive share and

710
00:58:22.480 --> 00:58:24.840
what is it? What is drive
share? I don't know. It looks

711
00:58:24.840 --> 00:58:29.599
like a place where someone can list
their car for rent. A classic car.

712
00:58:29.760 --> 00:58:36.239
Found the exact Toyota Now, not
the exact it's a seventies land Cruiser.

713
00:58:36.239 --> 00:58:38.000
You can go there and just search
by making money likes, Right that

714
00:58:38.079 --> 00:58:46.360
land Cruiser yes, yes, the
one that looks like a jeep. Yeah,

715
00:58:46.400 --> 00:58:49.239
you know what I mean. In
other words, it's more of US

716
00:58:49.280 --> 00:58:52.199
Afari type vehicle. It's not it's
not the new land Cruisers right right,

717
00:58:52.280 --> 00:58:55.679
right, several times, and that's
what he wants to see. And I'm

718
00:58:55.679 --> 00:59:00.239
looking at the elephants and he's looking
at the cars and so yeah, okay,

719
00:59:00.280 --> 00:59:04.800
so jaris that this is rideshare?
What does she do to search for

720
00:59:04.840 --> 00:59:07.960
that? Just driveshare dot com.
There's a there's a rent a car option

721
00:59:08.079 --> 00:59:10.159
on that website. And when you
go to the and when you go to

722
00:59:10.199 --> 00:59:14.760
the rent a car, how'd you
find that particular Toyota landruser. You can

723
00:59:14.840 --> 00:59:17.239
you can filter by making model filter
through the list, and there it was

724
00:59:17.280 --> 00:59:20.599
on the list. There. They're
all over the country. It looks like

725
00:59:20.679 --> 00:59:22.639
I'm listening. I'm no expert in
this. No, no I know,

726
00:59:22.719 --> 00:59:24.039
no, no, he just I
know. But you happen to find So

727
00:59:24.519 --> 00:59:30.199
let me ask you this is it
is that particular one listed as Denver?

728
00:59:30.400 --> 00:59:34.400
Uh? Yeah, it is Denver, Colorado. Does it have a price

729
00:59:34.440 --> 00:59:37.800
on there? Twelve fifty a day, twelve hundred and fifty, Holy crap,

730
00:59:38.239 --> 00:59:43.920
pricey one. There's a lot less
expensive one elsewhere other states. Bit,

731
00:59:44.119 --> 00:59:49.800
yeah, there you go, so, yeah, let us know how

732
00:59:49.840 --> 00:59:53.519
it goes. That is so cool. Now, Kevin's got a comment on

733
00:59:53.599 --> 00:59:58.880
a house bill regarding water. Maybe
I don't know about this one, Kevin.

734
00:59:59.159 --> 01:00:04.199
Is this a state or federal?
Yeah, it's a state house built

735
01:00:04.199 --> 01:00:07.079
twenty four dash thirteen forty four.
Okay, I want to run. Can

736
01:00:07.119 --> 01:00:12.800
you say that again? Twenty What
is it? Twenty four dash one three

737
01:00:12.880 --> 01:00:16.280
four four one three four four Okay? What is it? Well, it's

738
01:00:16.880 --> 01:00:22.840
it's about backflow testing, and what
does this say? The State Plumbing Board

739
01:00:23.079 --> 01:00:29.880
is trying to make it so that
normal backflow testers have to be licensed plumbers,

740
01:00:30.400 --> 01:00:34.000
which is going to put a lot
of people out of work. Is

741
01:00:34.039 --> 01:00:37.440
that entirely? Is that entirely a
bad idea? Now? I know nothing

742
01:00:37.440 --> 01:00:44.440
about backflow testing, but it sounds
to me like it's where sewage can meet

743
01:00:45.000 --> 01:00:50.719
fresh water. No, yeah,
or chemicals, just anything bad that could

744
01:00:50.719 --> 01:00:53.920
get back into the drinking water.
So tell me and we'll be through why

745
01:00:54.320 --> 01:01:00.920
or how a test is done or
how this is done. So you you

746
01:01:00.119 --> 01:01:02.880
put a gauge on it, it's
kind of like a lot of a lot

747
01:01:02.960 --> 01:01:06.960
like the gauge on an air conditioner. Yeah, it was like that where

748
01:01:07.320 --> 01:01:13.480
you hook the cables up and you
know, the two don't and you don't

749
01:01:13.480 --> 01:01:17.800
break the line. No, you
you just hook up to it and make

750
01:01:17.840 --> 01:01:22.840
sure that the check the check balves
are working and the release valve. You

751
01:01:22.880 --> 01:01:27.320
know, you just make sure that
it's doing its jobs. So it's it's

752
01:01:27.320 --> 01:01:31.320
a pretty simple Well it's not simple. It's it's kind of complicated. And

753
01:01:32.840 --> 01:01:37.719
testers are important because they test these
every year to make sure that they're working.

754
01:01:38.800 --> 01:01:44.159
But uh, and you know there's
there's not enough plumbers to take over

755
01:01:44.199 --> 01:01:47.079
all this work, and they're trying
to make it so that you have to

756
01:01:47.079 --> 01:01:51.679
be a licensed plumber and if you're
not, you could a test or could

757
01:01:51.679 --> 01:01:55.119
get a thousand dollars fine for not
being right. Now, this is just

758
01:01:55.400 --> 01:02:00.679
this is a bill, which means
it's it depends on who has the stronger

759
01:02:00.800 --> 01:02:06.559
lobby. Yeah, so supposedly it
goes into effect on July first. Oh

760
01:02:06.599 --> 01:02:09.800
it's already passed. Yeah, like
it went under the radar, Like they

761
01:02:09.840 --> 01:02:15.400
never posted it anywhere, they never
notified anybody. They just tried to Now,

762
01:02:15.440 --> 01:02:19.679
do you have to be a master
plumber? Well, I think it

763
01:02:19.719 --> 01:02:22.599
says licensed plumber. Okay, got
it? Okay, yeah, so you

764
01:02:22.639 --> 01:02:27.039
have to be licensed? What now
are you? Are you in the business,

765
01:02:27.320 --> 01:02:30.800
Kevin, Yeah, I am in
the business. So it affects me

766
01:02:30.840 --> 01:02:34.639
a lot. What do you do
in addition to in addition to checking these

767
01:02:34.679 --> 01:02:38.880
backflows? What do you do?
I make sure that they're compliant with the

768
01:02:38.920 --> 01:02:43.000
CDPH, the Colorado Department. No, but I mean, is this all

769
01:02:43.079 --> 01:02:49.480
you do? Is this your main
business? It's my main job. Yeah.

770
01:02:49.719 --> 01:02:52.639
Oh man, holy crap. Well
how hard is it going to be?

771
01:02:53.239 --> 01:02:57.039
How hard is it going to be
for you to be a licensed plumber?

772
01:02:57.880 --> 01:03:00.480
You need a a license plumber.
You'll also have to have a master

773
01:03:00.639 --> 01:03:05.719
above you that you pay a fee
to and you have to work a certain

774
01:03:05.800 --> 01:03:08.599
number of hours for like four years. Oh no, oh yeah it's hard.

775
01:03:08.840 --> 01:03:12.519
Yeah, it's ridiculous. No,
no, no, you don't.

776
01:03:12.559 --> 01:03:15.960
You can be an apprentice, can't
you. Well, yeah, but what

777
01:03:16.039 --> 01:03:21.079
about all the testers. I'm not
actually a tester, but there's there's thousands

778
01:03:21.119 --> 01:03:22.159
of testers out there that are going
to be put out here. If you're

779
01:03:22.159 --> 01:03:29.320
not a tester, what are you, I'm a I'm a water purveyor.

780
01:03:30.159 --> 01:03:32.119
Well, how does this affect you? Then I mean you said you're you

781
01:03:32.159 --> 01:03:36.159
just said you're not a tester,
so you're not going to be affected.

782
01:03:37.559 --> 01:03:40.039
All the testers they have to give
me their reports and then, oh,

783
01:03:40.199 --> 01:03:46.400
I say, so they make the
testers work for you. We work for

784
01:03:46.800 --> 01:03:51.960
businesses actually, and then I just
make sure that they're compliant. Okay,

785
01:03:52.800 --> 01:03:55.760
won't You still have plenty of people
you don't have to be licensed? Do

786
01:03:55.800 --> 01:04:00.800
you to make sure they're compliant?
I don't, but I'm not going to

787
01:04:00.840 --> 01:04:05.440
get the test reports if okay,
if they're all out of business, yeah,

788
01:04:05.480 --> 01:04:09.960
they're all out of business, and
you know where they're already behind.

789
01:04:10.440 --> 01:04:13.039
So this is just gonna make it
worse. So and not only this,

790
01:04:13.159 --> 01:04:16.079
but think about this. How much
more is it going to cost consumers?

791
01:04:17.400 --> 01:04:20.800
Yeah, it's going to cost the
double. It's going to cost businesses double

792
01:04:21.320 --> 01:04:25.519
or maybe who I was just going
to ask that, who is it?

793
01:04:25.800 --> 01:04:30.239
Who is it that has to have
back valve valves tested? Who is it?

794
01:04:30.639 --> 01:04:35.559
Businesses? Restaurants? Every business?
Okay, every business? This is

795
01:04:35.599 --> 01:04:39.599
amazing. We need to get a
stay of execution. Well, Kevin,

796
01:04:39.719 --> 01:04:42.440
I don't know how you do that, but I am going to look into

797
01:04:42.480 --> 01:04:45.719
it. I promise I'm writing it
down here. I will look into it

798
01:04:45.719 --> 01:04:49.400
and see what the heck's going on. Go with a sure thing Denver's Best

799
01:04:49.480 --> 01:04:54.519
roof of Excel roofing dot com.
You don't pay a cent until you're content.

800
01:04:57.880 --> 01:05:01.639
Time for an insurance check up free, no legation comparison call Compass Insurance

801
01:05:01.760 --> 01:05:05.880
paying too much your coverage at dozens
of insurance companies find out now three all

802
01:05:05.960 --> 01:05:10.719
three seven seven to one. Help
You'll think you're his only customer when you

803
01:05:10.800 --> 01:05:14.960
choose Frank durand the real estate Man
dot com to list your home with Remax

804
01:05:15.000 --> 01:05:24.000
Alliance three all three nine two zero
sixteen twenty two. Hi Tom Martino,

805
01:05:24.199 --> 01:05:28.639
your troubleshooter three all three seven to
one three talk seven one three eight two

806
01:05:28.639 --> 01:05:33.239
five five. I was just reading
to RP Center this guy that invested in

807
01:05:33.360 --> 01:05:38.559
a in a fund and he even
can you explain, first of all,

808
01:05:39.360 --> 01:05:42.599
Josh or Jerish either one? No? No, I mean I didn't mean,

809
01:05:42.639 --> 01:05:44.960
I meant either one, the better
looking one. How about that?

810
01:05:45.599 --> 01:05:48.960
I would like to know what a
private fund is? Okay, Really,

811
01:05:49.119 --> 01:05:57.440
people are presented with private funds all
the time, and they're not necessarily for

812
01:05:57.559 --> 01:06:00.519
everyone, But what are they?
In general? They're there are private note

813
01:06:00.519 --> 01:06:05.840
funds and private equity funds and private
this fund and that fund. This one

814
01:06:05.960 --> 01:06:12.679
happened to be a private fund,
and it was for it was a fund

815
01:06:12.800 --> 01:06:18.760
of financing other financial endeavors. But
what is a private fund real? Simply

816
01:06:18.760 --> 01:06:24.440
put Tom, a private fund is
just something that's not publicly traded. It's

817
01:06:24.639 --> 01:06:28.440
it's issued by an issuer, you
know, to a specified number of people,

818
01:06:28.519 --> 01:06:33.400
usually to a limited distribution. So
you and I may not have I

819
01:06:33.400 --> 01:06:39.239
can't speak you and I might not
have access to it unless it's a specific

820
01:06:39.280 --> 01:06:44.400
person. But you guys have gotten
me in a private note fund before and

821
01:06:44.480 --> 01:06:46.440
it made me a lot of money. Right, But you were very careful

822
01:06:46.440 --> 01:06:53.440
in saying this is a private fund
and it's legit meaning that it was established

823
01:06:53.480 --> 01:06:59.440
legitimately in all the ropes or all
the hurdle spot they're not actually registered,

824
01:06:59.559 --> 01:07:01.360
they don't have to report or how
does that work? Now? What we

825
01:07:01.440 --> 01:07:05.599
had you and Tom was actually a
structured note, which is what it's a

826
01:07:05.599 --> 01:07:09.840
publicly available. Oh it is public, Okay, that's not about one?

827
01:07:10.000 --> 01:07:12.679
Is this not private? Private?
Like Josh said, is correct. It's

828
01:07:12.760 --> 01:07:15.480
it's something that you can't buy through
in exchange. It can't go to the

829
01:07:15.880 --> 01:07:19.480
meeting. But do they have regulation? Oh yeah, absolutely, I mean

830
01:07:19.519 --> 01:07:24.920
I mean they have to. They
still are covered by the Anti fraud and

831
01:07:24.960 --> 01:07:29.519
the and all of that crap.
So they can't just offer you like rainbows

832
01:07:29.519 --> 01:07:32.360
and unicorn, right you when you're
in a private fund, somebody wants to

833
01:07:32.400 --> 01:07:38.639
know. They're looking at their private
fund that they put money into a quarter

834
01:07:38.679 --> 01:07:47.039
of a million dollars and the nav
is net asset value is valued independently now

835
01:07:47.840 --> 01:07:54.199
at like six hundred thousand. Does
that mean that his investment actually grew that

836
01:07:54.320 --> 01:08:00.159
much according to an independent value?
That's correct, the current value essentially,

837
01:08:00.280 --> 01:08:04.760
and that has to be done by
an independent party. Now, when there

838
01:08:04.840 --> 01:08:10.639
is a liquidation event, if he
makes all of that money, is that

839
01:08:10.840 --> 01:08:15.519
immediately taxed or does he it's not
a qualified fund, it's just an investment.

840
01:08:15.880 --> 01:08:18.760
Are you taxed every year on your
amrrior trades and your schwabs in your

841
01:08:19.239 --> 01:08:23.920
are you correct? Yes? If
it's an after tax account, whenever you

842
01:08:24.079 --> 01:08:26.880
get a ten ninety nine on that
correct, Yeah, So that'll be a

843
01:08:26.920 --> 01:08:30.399
big hit absolutely. Now depending on
how long it was held. If it

844
01:08:30.439 --> 01:08:33.239
was more than a year, it'd
be a long term capital gain. And

845
01:08:33.279 --> 01:08:39.520
that's different than ordinary income, way
different. Correct, Absolutely, Wow,

846
01:08:40.079 --> 01:08:44.279
Okay, so the answer to him
is he does pay tax on that in

847
01:08:44.319 --> 01:08:46.960
that year. Yes, okay,
we got more coming up. Any questions

848
01:08:47.000 --> 01:08:51.119
you have Rpcenter dot com or Retirement
Planning Center of the Rockies. I'm Tom

849
01:08:51.119 --> 01:08:57.119
Martino, and problems, questions,
complaints, anything you got, give it

850
01:08:57.159 --> 01:09:00.600
to us at three h three Martino
three oh three six two seven eight four

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Ripped of news. You need that
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859
01:09:48.279 --> 01:09:58.520
can. Shooter's gonna help come.
This is the Troubleshooter Show No Tom Martinez,

860
01:10:01.159 --> 01:10:05.479
Hello Tom Martino here, Welcome to
the show. Three oh three seven

861
01:10:05.560 --> 01:10:09.520
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three oh three seven seven zero two
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865
01:10:25.399 --> 01:10:32.439
zero two seven seven six Welcome.
So we have Josh with us from Retirement

866
01:10:32.439 --> 01:10:36.199
Planning Center of the Rockies. We
talked to touch a little on retirement and

867
01:10:36.239 --> 01:10:42.880
investments and our financial lives, and
we're also talking to you about problems,

868
01:10:43.239 --> 01:10:48.479
questions and complaints. And one of
the complaints we get a lot of a

869
01:10:48.600 --> 01:10:57.520
lot of when it comes to airlines. Are there better airlines and worst airlines?

870
01:10:57.560 --> 01:11:02.520
And do you ever do you ever
avoid an airline? My contention is

871
01:11:02.560 --> 01:11:11.800
that most people buy tickets based on
price and when they're going price, and

872
01:11:11.840 --> 01:11:15.920
when they're going they find, when
they want to go, when they want

873
01:11:15.920 --> 01:11:23.680
to leave, and the price.
I will venture to say that very few

874
01:11:23.880 --> 01:11:30.239
travelers actually pick airlines. I really
don't believe they do. I think there

875
01:11:30.239 --> 01:11:34.359
are some with loyalty programs that might
want to gain miles, so they pick

876
01:11:34.439 --> 01:11:38.720
one because they have so many miles. But I think, normally, what

877
01:11:38.760 --> 01:11:41.199
do you think, Well, I
think people will do what I usually do

878
01:11:41.279 --> 01:11:45.239
is I'll let's them going to Miami
on Thursday, y or whatever, okay,

879
01:11:45.800 --> 01:11:47.319
or go or in three ways.
Right, I'll go on the Frontier

880
01:11:47.800 --> 01:11:50.720
and I'll look at the time and
the price. Then I'll go to Southwest

881
01:11:50.720 --> 01:11:54.479
and look at the time and the
price. And you're right. But I

882
01:11:54.520 --> 01:11:57.640
don't just go to one airline.
I think everybody looks to see or they

883
01:11:57.720 --> 01:12:00.079
go to an aggregate site. Yeah, I think most people don't do that

884
01:12:00.119 --> 01:12:03.000
anymore. I think they do.
You really I want to I want to

885
01:12:03.039 --> 01:12:06.680
hear. I want to hear.
I want to hear. I think most

886
01:12:06.680 --> 01:12:12.039
people maybe they don't. Maybe I
thought they'd go to Expedia or somebody or

887
01:12:12.079 --> 01:12:15.119
somewhere. Well, you don't have
Velocity and just put in times and dates

888
01:12:15.119 --> 01:12:16.840
and see what pops up. Well, you know, Southwest is a huge

889
01:12:17.159 --> 01:12:21.119
then for base airline, right,
and they don't they don't go through third

890
01:12:21.159 --> 01:12:28.960
party services. Sure, the absolutely
positive. You can only go book it

891
01:12:29.000 --> 01:12:34.239
on Southwest dot com. So here's
the deal. When you are looking for

892
01:12:35.399 --> 01:12:43.520
an airline ticket tickets and you want
to go somewhere, do you compare and

893
01:12:43.600 --> 01:12:47.399
go buy price and schedule? Of
course you do. Now, if two

894
01:12:47.560 --> 01:12:55.600
have the same price and relatively the
same schedule, you might pick one airline

895
01:12:55.840 --> 01:13:00.800
over another. But I don't know
of anyone who says, oh, I'm

896
01:13:01.079 --> 01:13:08.199
never flying Frontier, or I'm never
flying Southwest, or I'm never flying United,

897
01:13:09.119 --> 01:13:15.000
although it's come close with Frontier because
of how they have left people high

898
01:13:15.039 --> 01:13:19.920
and dry in areas with cancelations and
stuff like that. But hey, Josh,

899
01:13:19.920 --> 01:13:24.560
out of curiosity, when you travel, do you select airlines or time

900
01:13:24.600 --> 01:13:28.439
and schedule and money? What do
you do? Uh? I'm pretty strict

901
01:13:28.479 --> 01:13:31.159
with the airline you are? I
am? I'm a Southwest guy? Oh

902
01:13:31.239 --> 01:13:35.119
come on, I am. Why
it's this convenient? It's easy. I've

903
01:13:35.119 --> 01:13:40.479
traveled with him for years and years. So you actually like you'll go out

904
01:13:40.479 --> 01:13:43.319
of your way to you Southwest?
Absolutely? Oh? Well, then that

905
01:13:43.399 --> 01:13:46.800
proves me wrong right in this room
I did first time? Ever? No,

906
01:13:46.800 --> 01:13:49.560
no, I don't. I would
like to jump on and say that

907
01:13:49.600 --> 01:13:55.640
he will not fly Frontier. Who
wants to Fuller? Oh? Fuller?

908
01:13:55.720 --> 01:13:59.560
Okay, where is he John,
I'm a Southwest guy. I will not

909
01:13:59.640 --> 01:14:01.840
fly Frontier period. But are you
but wait, wait, wait though,

910
01:14:01.880 --> 01:14:06.840
when you say Southwest, are you
a Southwest guy or just other than Frontier?

911
01:14:08.880 --> 01:14:12.399
No, I'd say probably. I'd
fly probably twenty five flights a year,

912
01:14:13.000 --> 01:14:15.920
twenty four of them are Southwest.
But is it because of price,

913
01:14:16.079 --> 01:14:20.159
John, and convenience? Well?
Yeah, price and convenience, But I

914
01:14:20.159 --> 01:14:24.680
don't. I won't choose a different
airline over ten bucks. I mean,

915
01:14:25.000 --> 01:14:30.079
okay, I am loyal to a
degree because I understand the travel. I

916
01:14:30.159 --> 01:14:34.640
understand everything I have. You know, I have priority on that airline and

917
01:14:34.640 --> 01:14:39.680
stuff, but I do on other
airlines. But my my first choice generally

918
01:14:39.760 --> 01:14:44.479
is going to be Southwest. And
you know, and and when you're going,

919
01:14:44.560 --> 01:14:46.039
John, do you go on Southwest
to look and then go on other

920
01:14:46.119 --> 01:14:50.439
sites and look or how do you
compare? No? I won't. And

921
01:14:50.720 --> 01:14:55.560
the reason why, Tom is because
I you know, I sometimes have to

922
01:14:55.640 --> 01:15:00.319
change plane tickets with not a lot
of notice, and I can do that

923
01:15:00.359 --> 01:15:03.840
on Southwest with no penalty, and
other airlines don't have that feature, and

924
01:15:03.880 --> 01:15:08.600
so you know, it's just a
convenience thing. I know what I can

925
01:15:08.640 --> 01:15:12.880
do on Southwest if I need to
change something, I change it and move

926
01:15:12.920 --> 01:15:15.239
on and I never get penalized for
it. I've tried other airlines. I

927
01:15:15.279 --> 01:15:20.439
have, you know, status on
American airlines, but you know it's it's

928
01:15:20.600 --> 01:15:26.359
twice the money for the same ticket. So do you get anything better on

929
01:15:26.439 --> 01:15:30.239
American than Southwest? In my opinion, no? Okay, So you know

930
01:15:30.600 --> 01:15:34.520
you have to travel a bunch of
them. For the average person that travels

931
01:15:34.640 --> 01:15:39.000
once a year on an airline,
I don't think they could ever tell the

932
01:15:39.000 --> 01:15:44.039
difference between one and another price rules, but if you spend a lot of

933
01:15:44.039 --> 01:15:46.199
time on them, there is a
difference and you end up liking one over

934
01:15:46.279 --> 01:15:49.920
the other. Do you know who
got the best ratings as far as number

935
01:15:49.960 --> 01:15:56.279
of complaints per passenger hour or passenger
mile. I have no idea has the

936
01:15:56.319 --> 01:16:01.199
best record. Yeah, that's not
surprising. Alaska's neck. Yeah. Now

937
01:16:02.119 --> 01:16:08.600
what's amazing is Southwest? Oh yeah, south West does very well. Holy

938
01:16:08.680 --> 01:16:12.720
crap, they do very well.
Actually, In fact, what they did

939
01:16:12.840 --> 01:16:16.920
was they did what they called premium
airlines versus economy airlines. I don't know

940
01:16:16.920 --> 01:16:20.640
how they made that breaking point JD
Power, but JD Power says, as

941
01:16:20.680 --> 01:16:27.439
far as the best economy basic economy. Airlines Southwest is actually number one,

942
01:16:28.000 --> 01:16:31.199
and guess who's the worst for complaints
when when it comes to here that you're

943
01:16:31.359 --> 01:16:36.880
you're exactly right. Hey, John, do you think that now that AI

944
01:16:38.039 --> 01:16:41.520
is going to solve a lot of
Frontiers problems? You know? I forget

945
01:16:41.520 --> 01:16:44.479
who it was AI and wa,
Well, I'll tell you you can't talk

946
01:16:44.520 --> 01:16:49.039
to a person at Frontier. We've
all experienced. Yeah, customer service sucks,

947
01:16:49.039 --> 01:16:53.119
but it goes beyond that. Lesson, AI go on and replaced the

948
01:16:53.159 --> 01:16:56.039
seats. I don't think so well, I did some I forget who I

949
01:16:56.079 --> 01:16:59.159
called up the other day, and
you could tell it was AI and the

950
01:17:00.039 --> 01:17:03.920
woman's voice. There was a woman
that was using AI and she told me

951
01:17:04.039 --> 01:17:08.960
everything and it was really as if
I was speaking and it was no,

952
01:17:08.960 --> 01:17:11.039
No, I know they're incredible.
Hold on a second, I want to

953
01:17:11.079 --> 01:17:13.800
I want to talk to uh Andrew, Andrew, you have a comment?

954
01:17:13.880 --> 01:17:21.720
Go ahead? Yeah, A couple
things, uh uh yeah. Google flights

955
01:17:23.079 --> 01:17:28.399
they list them all And I hate
to say it, but Doc was right,

956
01:17:28.479 --> 01:17:35.279
but but Southwest is now and so
Southwest is now what wait you cut

957
01:17:35.319 --> 01:17:42.760
out? Southwest is now what?
Listing on Google flights? Okay, Okay,

958
01:17:43.680 --> 01:17:51.199
So what do you what do you
fly? Uh? I was pretty

959
01:17:51.239 --> 01:17:56.760
loyal to Southwest for a while,
but lately it's been United And is there

960
01:17:56.800 --> 01:17:59.479
a reason? But I don't.
I don't fly. I don't fly a

961
01:17:59.520 --> 01:18:04.680
lot. Yeah, it's it's price
and convenience, and yeah, I don't.

962
01:18:05.279 --> 01:18:11.760
I do not stay loyal to an
airline except I will not fly Frontier.

963
01:18:13.319 --> 01:18:16.000
No. Seeah, I I haven't
flown Frontier in years, and and

964
01:18:16.479 --> 01:18:21.560
I hear bad things, but they're
the worst, the worst ever. Thank

965
01:18:21.600 --> 01:18:29.279
you, Deputy Chopper. What's your
comment? Go ahead, Tom, I'm

966
01:18:29.319 --> 01:18:32.720
a former F nine employee, which
is Frontier. I wouldn't fly them.

967
01:18:33.039 --> 01:18:36.479
I only fly Southwest. What did
you do? What did you do for

968
01:18:36.600 --> 01:18:44.760
Frontier? Oh? I drove the
electric carts up and down the Uh.

969
01:18:44.479 --> 01:18:48.239
Uh was that after? Was that
after your career as a police officer?

970
01:18:49.760 --> 01:18:55.359
Yeah? Okay, so it was. So what did you not like about

971
01:18:55.399 --> 01:19:00.640
it? Oh? They didn't like
me, so it kind of became mutual.

972
01:19:00.840 --> 01:19:06.000
But what kind of stuff did you
not like? Hey, their employees

973
01:19:06.079 --> 01:19:11.279
only worry about one thing, get
the flight out on time. They were

974
01:19:11.319 --> 01:19:17.960
never kind or cared about customer service
or anything like that. I fly Southwest

975
01:19:17.960 --> 01:19:24.000
because of the change piece. They
don't have any and I like to change

976
01:19:24.319 --> 01:19:29.039
my schedule and everything, and that's
my main reason I fly Southwest. All

977
01:19:29.119 --> 01:19:32.399
right, thank you, Deputy Chopper, he say, Southwest. And here's

978
01:19:32.439 --> 01:19:38.439
the deal. I've heard. I've
heard nightmares about Frontier stranding people and not

979
01:19:38.560 --> 01:19:42.680
having other flights and all of that, and I've just heard nightmares about it.

980
01:19:43.199 --> 01:19:47.640
I've also heard there's only one thing
about Southwest that bothers me, only

981
01:19:47.640 --> 01:19:54.359
one thing in fact, all airlines
what bothers me is they load from the

982
01:19:54.359 --> 01:19:57.600
front of the plane, which is
stupid. They should load from the rear

983
01:19:57.640 --> 01:20:01.159
of the plane, or they should
load the rear seats first going forward.

984
01:20:01.239 --> 01:20:06.600
You can't do that with Southwest because
if you put the seas in there first,

985
01:20:08.479 --> 01:20:12.720
they're going to all take the front
obviously. Now here's the other thing.

986
01:20:12.840 --> 01:20:15.439
Here's the only problem. Guess what
it is about Southwest that I'm like.

987
01:20:15.520 --> 01:20:19.279
It's just one simple thing and they
don't do anything to stop it,

988
01:20:19.680 --> 01:20:29.439
and that is saving seats. It's
just wrong. You get John, I

989
01:20:29.439 --> 01:20:31.239
don't know if you ever came across
this, but you'll get a guy that

990
01:20:31.319 --> 01:20:35.760
pays for a priority or it gets
one and I had one guy, there's

991
01:20:35.840 --> 01:20:38.920
like six seats, and every time
I went to one, oh no,

992
01:20:39.000 --> 01:20:41.960
that's saved. And I said,
what are you talking about? Saved?

993
01:20:42.239 --> 01:20:46.800
Screw you? I mean, but
the attendants don't do anything about it.

994
01:20:46.880 --> 01:20:50.359
They let you put a book on
there, they let you take any seat

995
01:20:50.399 --> 01:20:57.279
you want. So one person could
literally save ten seats, John, did

996
01:20:57.319 --> 01:21:02.119
you notice that? Ever? I
have flown on Southwest many many, many,

997
01:21:02.199 --> 01:21:06.079
many many flights, and usually it's
a guy trying to save a seat

998
01:21:06.119 --> 01:21:09.560
for his wife or something he probably
don't want to sit next to. I

999
01:21:09.600 --> 01:21:13.520
don't care about one seat. I
don't care about one by save ten seats.

1000
01:21:13.560 --> 01:21:15.600
Ever, I've seen people always the
first guy on the plane too.

1001
01:21:15.760 --> 01:21:18.800
So I'm in the first five or
ten people. How do you get to

1002
01:21:19.000 --> 01:21:21.439
be the first five or ten on
the flight? I want to do that?

1003
01:21:23.359 --> 01:21:27.279
You fly an awful lot. Can
you buy that position? Yes?

1004
01:21:27.560 --> 01:21:29.840
You know what, Yeah, you
can buy it. You know you can

1005
01:21:29.880 --> 01:21:31.600
buy one. You can buy one
to fifteen, I think, right,

1006
01:21:31.960 --> 01:21:34.880
right, Yeah, but that's a
one through fifteen. You're the first,

1007
01:21:35.279 --> 01:21:39.720
you know, fifteen people getting on
the plane and it's first come, first

1008
01:21:39.720 --> 01:21:43.439
served. Yeah, John, don't
don't you find that the best seat is

1009
01:21:43.479 --> 01:21:47.279
that exit seat where there is only
two seats and you have a huge amount

1010
01:21:47.279 --> 01:21:51.000
of legroom in front of you.
I mean I pay forty bucks to get

1011
01:21:51.039 --> 01:21:58.119
that seat. I am a second
row window kind of guy. See,

1012
01:21:58.920 --> 01:22:00.560
I don't like windows. I gotta
pea too much. I like that.

1013
01:22:00.680 --> 01:22:04.640
See where you have nobody in front
of you. That's I sit over there.

1014
01:22:04.800 --> 01:22:09.199
Mind my business, get put my
headphones down, leave me alone,

1015
01:22:09.319 --> 01:22:13.319
and and I don't have to get
up second row window. That's my seat.

1016
01:22:14.399 --> 01:22:16.359
Okay. Anyway, hold on a
sec. We got we'll be talking

1017
01:22:16.399 --> 01:22:24.359
to you in just a minute.
We got more coming right on. Go

1018
01:22:24.520 --> 01:22:28.760
with a sure thing Denver's best roofer
Excel Roofing dot com. You don't pay

1019
01:22:28.760 --> 01:22:34.560
a cent until you're content. Time
for an insurance check up, free no

1020
01:22:34.640 --> 01:22:41.560
obligation comparison call Compass Insurance paying too
much your coverage at dozens of insurance companies

1021
01:22:41.640 --> 01:22:44.880
find out now three all three seven
to seven to one help. You'll think

1022
01:22:44.880 --> 01:22:47.920
you're his only customer when you choose
Frank durand the real estate Man dot com

1023
01:22:47.920 --> 01:22:53.640
to list your home with Remax Alliance
three all three nine two zero sixteen twenty

1024
01:22:53.640 --> 01:22:59.960
two Ki Tom Martine and your troubleshooter
three oh three seven to one three talk

1025
01:23:00.560 --> 01:23:03.279
seven one three eight two five five. So I have Josh with me from

1026
01:23:03.319 --> 01:23:06.479
Retirement Planning Center of the Rockies.
I invite your calls on any and all

1027
01:23:06.479 --> 01:23:12.359
problems, questions and complaints. So, Josh, I want to ask a

1028
01:23:12.439 --> 01:23:15.560
question. I want to give it
an age group, and I want to

1029
01:23:15.560 --> 01:23:18.319
tell I want you to tell me
any the Okay, I'll just ask a

1030
01:23:18.399 --> 01:23:23.359
question. For example, people who
are in there. I don't know if

1031
01:23:23.359 --> 01:23:26.720
people even come to you in their
thirties. What does anyone have the foresight

1032
01:23:26.760 --> 01:23:30.319
to come to you in their thirties
for retirement planning center. They're still in

1033
01:23:30.359 --> 01:23:33.760
the immortal stage of their life.
Yeah, you're exactly right, Tom.

1034
01:23:34.279 --> 01:23:38.560
Most of the time when we see
folks in their thirties, it's usually children

1035
01:23:38.600 --> 01:23:41.479
of clients of ours, okay,
But how about in their forties, normal

1036
01:23:41.520 --> 01:23:45.319
clients. Sometimes it's it's even rare
in their forties it is, okay.

1037
01:23:45.359 --> 01:23:49.039
So let's say someone does come to
you like in early fifties. Maybe yes,

1038
01:23:49.119 --> 01:23:53.039
no, yeah, that's most I'm
thinking they're not immortal, okay,

1039
01:23:53.079 --> 01:23:57.880
So then old age is not a
rumor? Uh? And they come to

1040
01:23:57.880 --> 01:24:01.720
you. What is the first thing
that you notice people do wrong? A

1041
01:24:01.800 --> 01:24:06.319
lot of times have done wrong.
Sure, it's not even necessarily you know

1042
01:24:06.399 --> 01:24:10.079
what they've done wrong? Tom.
I think a lot of times people think

1043
01:24:10.119 --> 01:24:12.800
that, oh, I've got X
amount of dollars saved up, so I'm

1044
01:24:12.800 --> 01:24:15.359
doing good. But really the problem
that we see more often than not,

1045
01:24:15.520 --> 01:24:20.239
Tom, is there's just no real
plan. It's just I've saved and I'm

1046
01:24:20.239 --> 01:24:24.439
going to draw down exactly. Okay, so what about now? I agree

1047
01:24:24.479 --> 01:24:30.399
with that accumulation without regard to planning. Correct? So with accumulation, do

1048
01:24:30.560 --> 01:24:34.319
most people have an employer sponsored plan
if they work for someone? I'd say

1049
01:24:34.359 --> 01:24:38.720
most do? Yeah? Is that
mostly? Is that what big companies or

1050
01:24:39.079 --> 01:24:43.159
medium companies do now to keep employees
correct? Four one K with a match

1051
01:24:43.199 --> 01:24:45.359
of some sort, if they contribute
up to x percent? Yeah, that's

1052
01:24:45.359 --> 01:24:50.159
pretty common. Do people go beyond
that on their own? Usually? First

1053
01:24:50.159 --> 01:24:54.319
of all, everyone if they have
one, should max that out. That's

1054
01:24:54.359 --> 01:24:56.880
the number. Don't you think that's
the first thing they should do. Yeah,

1055
01:24:56.880 --> 01:24:59.680
there's two schools of thought here,
Tom. One is you know,

1056
01:24:59.720 --> 01:25:01.479
if a the company is going to
match, contribute at least up to the

1057
01:25:01.520 --> 01:25:05.079
match get that match, because that's
money that's going to come into your account

1058
01:25:05.439 --> 01:25:09.119
by the company. Okay. The
other train of thought is what you just

1059
01:25:09.159 --> 01:25:13.119
mentioned, max that thing out.
Why wouldn't you for tax free or tax

1060
01:25:13.279 --> 01:25:15.439
deferred, sayle, Well, there's
a couple of reasons why someone wouldn't want

1061
01:25:15.439 --> 01:25:18.439
to contribute to the max. One, you know, maybe they need that

1062
01:25:18.520 --> 01:25:21.920
income. Okay, well, obvious, Sure, that's an obvious one.

1063
01:25:21.960 --> 01:25:26.920
The second one though, interestingly enough, with most folks, the more you

1064
01:25:26.960 --> 01:25:30.239
contribute to an or a four oh
one K over the years, in theory,

1065
01:25:30.279 --> 01:25:33.399
you're going to have a higher value
down the road. That's going to

1066
01:25:33.439 --> 01:25:39.039
create more taxes for you. Well, sure, but you grow tax defer,

1067
01:25:39.199 --> 01:25:42.199
you grow tax deferred. But when
you start driving those spreads, you

1068
01:25:42.239 --> 01:25:45.079
can spread it out. You could, But for a lot of folks,

1069
01:25:45.119 --> 01:25:47.680
the issue that they're going to run
into. We're seeing more and more folks

1070
01:25:47.760 --> 01:25:53.479
work into their late sixties, you
know, getting close to that required minimum

1071
01:25:53.560 --> 01:25:58.119
distribution age. Once that required minimum
distribution age comes, they're having to pull

1072
01:25:58.159 --> 01:26:00.399
a lot more money out than maybe
they might be needing, and so that

1073
01:26:00.399 --> 01:26:05.199
creates an unnecessary tax burden on their
situation where they're giving more money away to

1074
01:26:05.279 --> 01:26:10.439
the government when maybe there could have
been other strategies that they could have employed

1075
01:26:10.439 --> 01:26:15.760
over the years. Okay, so
what would be a strategy to do that?

1076
01:26:15.800 --> 01:26:16.680
I mean, I don't even know
what would you do? Sure,

1077
01:26:16.720 --> 01:26:19.680
there's all kinds of things. I
mean, you know, roth iras are

1078
01:26:19.680 --> 01:26:27.079
a big thing nowadays. You know, income limitations are applied. Obviously a

1079
01:26:27.119 --> 01:26:29.720
lot of folks don't know that life
insurance. I think, oh, life

1080
01:26:29.760 --> 01:26:33.279
insurance is expensive, it's not necessary. That's a great tool for act accumulation

1081
01:26:33.479 --> 01:26:36.880
in a tax favorable way. A
lot of folks don't realize that. But

1082
01:26:38.399 --> 01:26:42.439
a lot of folks out there aren't
utilizing life insurance in the most appropriate ways

1083
01:26:42.560 --> 01:26:45.199
more often than not. And that's
when folks get frustrated. I'm not sitting

1084
01:26:45.239 --> 01:26:48.560
here advocating for life insurance. That's
just another vehicle. I know exactly what

1085
01:26:48.560 --> 01:26:53.600
you're talking about. You don't buy
life insurance necessarily for the death benefit,

1086
01:26:53.880 --> 01:26:58.600
but you try to balance it with
cash accumulation that you can borrow later on.

1087
01:26:58.720 --> 01:27:01.560
Absolutely, I mean, this is
a theory that that's been going on,

1088
01:27:01.840 --> 01:27:06.039
not a philosophy, a theory,
a strategy for years and years and

1089
01:27:06.119 --> 01:27:10.760
years, and there's absolutely nothing wrong
with it, No, heavens no.

1090
01:27:10.920 --> 01:27:14.800
I mean it's a great tool.
Yeah yeah, and it's not the only

1091
01:27:14.880 --> 01:27:16.840
tool. Like I love to use
the word tool. It's a tool in

1092
01:27:16.880 --> 01:27:21.279
our tool chest. But when structured
properly, that can be a really advantageous

1093
01:27:21.319 --> 01:27:25.399
tool that doesn't have the same limitations
that like a four oh one k R

1094
01:27:25.479 --> 01:27:30.600
I RA might have. Right,
okay, so as far as retirement,

1095
01:27:31.119 --> 01:27:40.600
but what about protection? Okay,
we know a lot of people push annuities

1096
01:27:40.600 --> 01:27:45.479
for protection. I like annuities,
by the way, I like fixed annuities.

1097
01:27:45.520 --> 01:27:50.479
I don't want a variable innudit.
But and actually even even that,

1098
01:27:50.840 --> 01:27:56.039
there's nothing all bad or all good. There are some things about variable annuities

1099
01:27:56.520 --> 01:28:00.840
that I believe sophisticated investors would benefit
from. The sure and just for those

1100
01:28:00.880 --> 01:28:05.600
listening, we always say fixed annuities. We always say stay away from variable

1101
01:28:05.600 --> 01:28:15.319
annuities. Variable annuities in and of
themselves are securities. They're like buying stocks.

1102
01:28:15.840 --> 01:28:19.119
A fixed annuity is not. It's
more of an insurance product. What

1103
01:28:19.239 --> 01:28:27.119
a variable annuity is really is a
pot of money that they let you invest,

1104
01:28:27.760 --> 01:28:33.359
and all of the earnings with that
pot of money our tax deferred correct

1105
01:28:34.079 --> 01:28:39.840
So what they're saying to you is, if you know what you're doing and

1106
01:28:39.880 --> 01:28:44.159
you want to have some fun,
take a pile of money, invest it

1107
01:28:44.199 --> 01:28:49.199
with us, and will let you
play the market and defer all of your

1108
01:28:49.239 --> 01:28:55.920
earnings and then someday that's going to
come out to you as income. Isn't

1109
01:28:55.920 --> 01:28:59.800
that a basic explanation of a variable. Yeah, real high level. Naturally,

1110
01:29:00.680 --> 01:29:05.479
if you don't make money, it's
on you, fair right, The

1111
01:29:05.640 --> 01:29:10.520
risk is on you. If you
don't make money, it could be you're

1112
01:29:10.520 --> 01:29:14.479
not going to have much income.
Now, I do believe they do preserve.

1113
01:29:15.159 --> 01:29:17.119
No, they don't even preserve your
original investment. Do they variables?

1114
01:29:17.159 --> 01:29:19.840
No? Not, unless you buy
it like some sort of death benefit writer.

1115
01:29:20.319 --> 01:29:23.920
You know something of those. You
can get a death benefit, but

1116
01:29:24.000 --> 01:29:30.439
you're not going to get any guaranteed
benefit amount or benefit, or guaranteed income

1117
01:29:30.560 --> 01:29:34.720
or guaranteed anything you could. Those
are additional writers. But the true variable

1118
01:29:35.399 --> 01:29:41.520
is tax deferred growth in an investment
product. Absolutely okay. So it's like

1119
01:29:41.640 --> 01:29:46.520
having a mini account, a mini
stock account that you play with and all

1120
01:29:46.560 --> 01:29:50.159
of the earnings are tax deferred.
Correct, nothing wrong with it. You

1121
01:29:50.199 --> 01:29:54.640
can even have an advisor help you
with it. Right, absolutely, Okay,

1122
01:29:54.880 --> 01:29:58.000
so why are people so down on
them? So a lot of the

1123
01:29:58.520 --> 01:30:02.119
folks that are down on them are
or usually approaching retirement age, and you

1124
01:30:02.119 --> 01:30:05.399
don't want to do that close to
retirement. Correct. Most variable annuities are

1125
01:30:05.439 --> 01:30:11.319
expensive, quite honestly. Okay.
The the the fees, yes, most

1126
01:30:11.479 --> 01:30:14.960
do you pay portrayed as well or
not? You can. There might be

1127
01:30:15.039 --> 01:30:18.159
transaction fees associated with the mutual funds
that are associated with them, but most

1128
01:30:18.199 --> 01:30:23.640
of the variable annuities those will range
anywhere from two to four percent in costs

1129
01:30:23.800 --> 01:30:27.840
per year, per year, per
account balance with all the writers, the

1130
01:30:27.920 --> 01:30:30.720
mortality and expense, the admin fees, I mean, they stack up,

1131
01:30:31.159 --> 01:30:35.039
okay, So that's where they gain. So even if you make some tax

1132
01:30:35.119 --> 01:30:40.319
defer growth, about two or three
percent of that could go toward expenses.

1133
01:30:40.359 --> 01:30:43.439
Absolutely, that's a lot of money. It is. It is. And

1134
01:30:43.520 --> 01:30:46.680
the other side of things tom too. Most folks when they're looking at annuities,

1135
01:30:46.720 --> 01:30:50.720
they don't want market risk, and
that's what a variable annuity provides.

1136
01:30:51.239 --> 01:30:56.159
And so that's where you know,
right, any they want to they wanted

1137
01:30:56.239 --> 01:31:00.119
to find growth. Correct, Absolutely, the good part about a variable and

1138
01:31:00.399 --> 01:31:02.119
I'm not pushing this by the way
on the common person. Seriously, I'm

1139
01:31:02.159 --> 01:31:06.319
not, but it's good to discuss
for knowledge. If you have a variable

1140
01:31:06.319 --> 01:31:11.760
annuity, though, the upside is
on a great market like this, you

1141
01:31:11.800 --> 01:31:15.720
can just do an index fund and
make a crapload of money, sure,

1142
01:31:15.079 --> 01:31:18.600
and then you can take it out
and go to cash when it's not well,

1143
01:31:18.800 --> 01:31:25.760
if you mind the store, you
can pretty much you can control it

1144
01:31:25.800 --> 01:31:29.880
to some extent. Yes, and
no, Tom, Most of these companies

1145
01:31:29.880 --> 01:31:34.760
that issue variable annuities have a minimum
cash or a maximum cash allowance within those

1146
01:31:34.840 --> 01:31:40.279
and you have to utilize their sub
accounts whatever. You can only invest in

1147
01:31:40.319 --> 01:31:43.880
what they want. It's not as
simple as getting in and out of the

1148
01:31:43.920 --> 01:31:47.920
market within those variable annuities, Okay, you're confined to what they want you

1149
01:31:48.000 --> 01:31:53.920
to invest, which is to participate
in your earnings or not. More often

1150
01:31:53.960 --> 01:31:56.840
than not, Yeah, they're gonna
do. They're going to take advantage of

1151
01:31:56.880 --> 01:32:00.960
that. Sure. So even if
you do invest, you actually have to

1152
01:32:00.000 --> 01:32:03.960
share some of your return with them
in addition to the regular expenses. Well,

1153
01:32:04.119 --> 01:32:06.479
sorry, no, I was misunderstanding. In terms of the costs,

1154
01:32:06.520 --> 01:32:10.960
yes, that's where they're participating in. Oh yeah, but no, in

1155
01:32:11.039 --> 01:32:14.720
terms of performance, that all belongs
to you, whether it's good, there's

1156
01:32:14.800 --> 01:32:17.119
risk associated with it, as you
said, correct, and you're limited to

1157
01:32:17.239 --> 01:32:20.319
what you can invest in. Correct. But I believe by law they have

1158
01:32:20.359 --> 01:32:24.680
to have a minimum sub account a
number of sub accounts. So is it

1159
01:32:24.800 --> 01:32:27.840
safe to say the more sub accounts
you have, the better for your investment?

1160
01:32:28.359 --> 01:32:30.600
Yes? And no. I mean
that's where you get into the whole

1161
01:32:30.640 --> 01:32:32.960
analysis paralysis. What's going to be
the best option? And then yet,

1162
01:32:33.359 --> 01:32:38.840
and that's why most people fix just
a fixed index three oh three seven to

1163
01:32:38.880 --> 01:32:46.720
one three talk go with a sure
thing Denver's best roofer Excel Roofing dot com.

1164
01:32:46.760 --> 01:32:54.319
You don't pay a cent until you're
content. Time for an insurance check

1165
01:32:54.399 --> 01:32:59.520
up free no obligation comparison call Compass
Insurance paying too much your coverage? A

1166
01:32:59.640 --> 01:33:02.720
dozen of insurance companies find out now
three all three seven seven to one help.

1167
01:33:02.880 --> 01:33:06.479
You'll think you're his only customer when
you choose Frank durand the real estate

1168
01:33:06.520 --> 01:33:11.920
Man dot com to list your home
with Remax Alliance three all three nine two

1169
01:33:12.000 --> 01:33:23.439
zero sixteen twenty two. Hi Tom
Martino, your troubleshooter three all three seven

1170
01:33:23.479 --> 01:33:27.399
one three talks seven one three eight
two five five. So we're talking about

1171
01:33:27.399 --> 01:33:31.960
finances, and there's something I want
to bring up. United States Automobile Association.

1172
01:33:32.159 --> 01:33:36.119
Weird name for USAA. It's it's
really a bank or a credit union.

1173
01:33:36.119 --> 01:33:41.479
I don't know what it is.
Technically, it's a financial institution and

1174
01:33:41.520 --> 01:33:49.159
his services mostly veterans and families,
offering insurance, banking, investments, and

1175
01:33:49.199 --> 01:33:54.840
retirement. Have you heard Josh of
USAA. Absolutely? Have you heard of

1176
01:33:54.920 --> 01:34:00.600
the problems recently? No? For
some reason, there's been an extraordins amount

1177
01:34:00.680 --> 01:34:08.359
of fraudulent activity, Accounts being seized, Pilford withdrawn, people missing money,

1178
01:34:08.920 --> 01:34:14.399
and USAA is being very lax in
its response. It's being fined by the

1179
01:34:14.399 --> 01:34:18.039
government, it's being investigated by the
government. There have been account closures without

1180
01:34:18.119 --> 01:34:27.880
explanation, and there have been many, many, many complaints and many filings

1181
01:34:27.920 --> 01:34:34.840
of lawsuits and government intervention USAA.
Now, I personally have never had a

1182
01:34:34.880 --> 01:34:42.640
dealing with USAA, but people say, you really better watch out if you're

1183
01:34:42.680 --> 01:34:47.520
going to them. Some people have
lost their entire life savings. Why.

1184
01:34:47.680 --> 01:34:53.199
I don't know. That's the main
problem. No one seems to know,

1185
01:34:54.039 --> 01:34:59.960
but one spokesperson said, it can't
possibly be that all of these clients are

1186
01:35:00.119 --> 01:35:02.600
trying to cheat them. So USA
was saying, well, you must have

1187
01:35:02.640 --> 01:35:06.399
withdrawn the money or you must have
done this and there, and and and

1188
01:35:06.600 --> 01:35:13.760
attorneys are saying, well, my
client didn't do that. So one listen

1189
01:35:13.840 --> 01:35:17.279
to this. One veteran sold a
bunch of money, a bunch of money

1190
01:35:17.399 --> 01:35:23.600
and he uh just me raised a
bunch of money by selling stuff, and

1191
01:35:23.640 --> 01:35:31.119
then he lost thousands of dollars when
he deposited it, lost thousands of dollars.

1192
01:35:31.359 --> 01:35:36.840
Also, his retirement account was Pilford. So I'm just warning people to

1193
01:35:38.000 --> 01:35:44.479
watch out for U. S A
A. Because that is a you know,

1194
01:35:44.560 --> 01:35:48.920
that is a very popular option for
people in the service. And it's

1195
01:35:49.199 --> 01:35:53.880
likely, well it's not likely,
there's a there's a chance if you do

1196
01:35:54.000 --> 01:35:57.439
have problems, you're not going to
get help. So I don't know if

1197
01:35:57.439 --> 01:36:00.560
any of you listening have had a
problem, but I thought I better bring

1198
01:36:00.600 --> 01:36:05.279
that up. Three zero three seven
one three talk seven one three eight two

1199
01:36:05.399 --> 01:36:12.800
five five. Now, there have
been a lot of people preaching out one

1200
01:36:12.840 --> 01:36:15.920
side of their mouth but doing something
out of the other. And I always

1201
01:36:15.960 --> 01:36:21.600
say, watch where people put their
money. Now, for example, there

1202
01:36:21.720 --> 01:36:26.000
was a day when people would say, you know, buy American, Buy

1203
01:36:26.079 --> 01:36:30.479
American, Buy American because it in
Employees, workers and people in unions would

1204
01:36:30.520 --> 01:36:35.760
advocate buy American. But when it
came to saving money, they'd go anywhere,

1205
01:36:36.520 --> 01:36:41.399
or they'd go on Amazon and order
didn't can matter where it was made.

1206
01:36:41.640 --> 01:36:44.800
They just wanted the best price.
That's a little hypocritical, but that's

1207
01:36:44.840 --> 01:36:48.439
the way it is now buying.
I'm not saying you shouldn't buy American or

1208
01:36:48.760 --> 01:36:58.640
you should only shop price. I
shop price and quality, reviews and references.

1209
01:36:58.720 --> 01:37:01.520
You know people I know that have
that they've loved. I do not

1210
01:37:01.800 --> 01:37:10.720
shop only price ever or only quality
ever, although that's more of a factor

1211
01:37:10.760 --> 01:37:16.039
for me than price. But I
like the balance. And what's really strange,

1212
01:37:16.279 --> 01:37:21.039
and what's really important for me is
when I verify comments, I look

1213
01:37:21.079 --> 01:37:26.119
at I love looking at reviews and
comments, and I love reviewers who do

1214
01:37:26.239 --> 01:37:31.119
videos and really take time to tell
about their experiences, both positive and negative.

1215
01:37:32.159 --> 01:37:39.760
But having said all of that,
when it comes to climate change and

1216
01:37:40.039 --> 01:37:45.680
environmental impact, how many people go
green? That's the expression, how many

1217
01:37:45.680 --> 01:37:51.840
people go green? Now what's weird
is I don't know how they get these

1218
01:37:51.880 --> 01:37:57.720
stats, but they say a majority
of people who claim to be green.

1219
01:37:57.840 --> 01:38:04.840
Do not spend green, they just
claim to be green. And when it

1220
01:38:04.880 --> 01:38:13.840
comes to green, the number one
determining factor is price, and almost always

1221
01:38:14.600 --> 01:38:25.159
environmentally friendly, recycled and green products
almost universally are what can you say it

1222
01:38:25.439 --> 01:38:30.960
way more expensive now think about that. I don't know why actually they would

1223
01:38:30.960 --> 01:38:36.079
be, but they are so.
A survey says now that a willingness to

1224
01:38:36.199 --> 01:38:45.319
adopt these products that are renewable or
are sustainable as they like to say,

1225
01:38:45.359 --> 01:38:55.119
the willingness shows that a vast majority
of people will not do it. If

1226
01:38:55.520 --> 01:39:00.439
it costs more, they will do
it sixty nine percent of a man Americans

1227
01:39:00.479 --> 01:39:08.319
will absolutely seek them out. But
if they are at par and I could

1228
01:39:08.399 --> 01:39:15.119
never understand why environmentally friendlier things,
as the market pluts it, sustainable things

1229
01:39:15.199 --> 01:39:21.760
are more expensive. Does it really
increase the cost of manufacturing and handling or

1230
01:39:21.840 --> 01:39:30.359
is it a way to take advantage
of people who are zelot I wonder now?

1231
01:39:30.520 --> 01:39:33.199
Or is the entire industry doing that
for a while, That's what happened

1232
01:39:33.199 --> 01:39:38.840
with the solar systems. If they
got a zelot, they're willing to spend

1233
01:39:38.920 --> 01:39:42.960
the money. Tax credits are important, yes, but what solar companies were

1234
01:39:43.000 --> 01:39:48.359
doing they weren't using tax credits to
help people get into solar systems. Never

1235
01:39:49.199 --> 01:39:53.079
in the old days. Now maybe
now they do. But in the old

1236
01:39:53.159 --> 01:39:59.520
days, tax credits were used as
immediate profit, extra money if they got

1237
01:39:59.520 --> 01:40:02.560
a fifteen percent tax credit or thirty
percent tax credit. I was looking at

1238
01:40:02.600 --> 01:40:08.680
these solar companies were raising the prices
accordingly. Back in the day. I

1239
01:40:08.720 --> 01:40:13.920
did a survey when credits started coming
into vogue, and when tax credits came

1240
01:40:13.920 --> 01:40:19.359
into vogue or into style or into
reality. Let's say the solar companies took

1241
01:40:19.399 --> 01:40:27.000
the exact same products they had been
selling and factored in the tax credit in

1242
01:40:27.199 --> 01:40:32.359
order to charge more. The net
cost was the same to consumers, and

1243
01:40:32.800 --> 01:40:44.800
they simply profited more. The industry
killed itself. Go with a sure thing

1244
01:40:44.920 --> 01:40:48.800
Denver's Best Roofer Excelroofing dot com.
You don't pay a cent until you're content.

1245
01:40:53.159 --> 01:40:56.359
Time for an insurance check up free, no obligation. In comparison,

1246
01:40:56.479 --> 01:41:00.359
call Compass insurance paying too much your
coverage? A dozen of insurance companies find

1247
01:41:00.359 --> 01:41:04.119
out now three oh three seven seven
one help. You'll think you're his only

1248
01:41:04.239 --> 01:41:08.800
customer when you choose Frank durand the
Real estate Man dot com. To list

1249
01:41:08.880 --> 01:41:13.319
your home with Remax Alliance three oh
three nine two zero sixteen twenty two.

1250
01:41:18.560 --> 01:41:24.359
Hi, Tom Martino, you're a
troubleshooter. Three oh three seven one three

1251
01:41:24.439 --> 01:41:27.840
Talk seven one three eight two five
five. Listen. We have another hour

1252
01:41:27.920 --> 01:41:31.039
to go. We can talk finance
or problems, questions and complaints. I

1253
01:41:31.279 --> 01:41:33.760
urge you to give you a call
if you have anything, don't let it

1254
01:41:33.840 --> 01:41:40.199
wait. Three oh three seven one
three talk three oh three seven one three

1255
01:41:40.359 --> 01:41:45.000
eight two five five. Here for
another hour with you, and we will

1256
01:41:45.039 --> 01:41:47.720
talk a little bit about what's coming
up tonight. You know what I'm talking

1257
01:41:47.720 --> 01:41:51.039
about. We're not gonna get political
here, but we're gonna talk about it.

1258
01:41:51.119 --> 01:41:56.159
Go with a sure thing Denvers Best
Roofer Excel Roofing dot com. You

1259
01:41:56.159 --> 01:42:02.239
don't pay a cent until you're contenth
time for an insurance check up, free,

1260
01:42:02.319 --> 01:42:08.439
no obligation comparison call Compass Insurance paying
too much your coverage at dozens of

1261
01:42:08.479 --> 01:42:12.680
insurance companies find out now three oh
three seven seven one help. You'll think

1262
01:42:12.720 --> 01:42:15.720
you're his only customer when you choose
Frank Durand the real estate Man dot com

1263
01:42:15.760 --> 01:42:20.439
to list your home with Remax Alliance
three oh three nine two zero sixteen twenty

1264
01:42:20.439 --> 01:42:35.520
two. Yea ripped of new needs
who you don't have to run as fast

1265
01:42:35.520 --> 01:42:44.159
as we can. Shooter's gonna help
come. Man six is the Troubleshooter Show.

1266
01:42:44.800 --> 01:42:49.319
No Tom Martino, Hi Tom Martino, Your Troubleshooter three oh three seven

1267
01:42:49.399 --> 01:42:54.239
one three talk seven one three eight
two five five. Welcome to the only

1268
01:42:54.239 --> 01:42:56.720
show of its kind anywhere in the
universe. This hour brought to you by

1269
01:42:56.760 --> 01:43:02.239
Denverregen dot com. Denver Regen.
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1270
01:43:02.319 --> 01:43:05.159
they do it. If you're looking
for weight loss with the compound of semi

1271
01:43:05.159 --> 01:43:09.000
glue tide, they do it.
Semi glue tide just two hundred and seventy

1272
01:43:09.039 --> 01:43:12.479
five bucks a month. That's Denver
Regen dot com. Okay, so let's

1273
01:43:12.479 --> 01:43:15.039
go to the phones, and I
want to talk to Mike. Mike's got

1274
01:43:15.039 --> 01:43:23.760
a question about siding. Mike,
what is your question? Sir? Yeah,

1275
01:43:23.840 --> 01:43:28.239
Mike, Yeah, I have that
James Hardy concrete siding. Yes,

1276
01:43:28.359 --> 01:43:33.279
and I was wondering when it came
from the factory stained and I need to

1277
01:43:33.359 --> 01:43:40.079
retreat it. But wondering is it
better to stain or paint again? Well,

1278
01:43:40.199 --> 01:43:45.720
it depends on the old stain and
how far how gone it is many

1279
01:43:45.840 --> 01:43:49.039
times? Okay, you're never going
to get a stain to take like the

1280
01:43:49.079 --> 01:43:54.000
original one. How old is this, James Hardy, Usually they hold their

1281
01:43:54.039 --> 01:44:00.000
finishes pretty long. How old is
it in the twenty years? Okay,

1282
01:44:00.520 --> 01:44:02.479
well that's good. That's good to
know. If I were you, i'd

1283
01:44:02.479 --> 01:44:08.159
go for a good ceiling paint.
However, okay, you can restain it.

1284
01:44:08.239 --> 01:44:12.079
You can now. Who I would
call is star Quality Painting on my

1285
01:44:12.159 --> 01:44:15.720
referral list, and Steve the painter
he'll tell you anything you want free of

1286
01:44:15.800 --> 01:44:20.439
charge on the phone. Okay.
Yeah. The house is in Grand Lake,

1287
01:44:20.600 --> 01:44:24.720
so oh yeah, well he can
still advise you, and who knows,

1288
01:44:24.760 --> 01:44:28.520
he may go up there. But
if you go to referral liss,

1289
01:44:28.520 --> 01:44:31.039
I'm trying to figure out his name
here. I'm not his name his number

1290
01:44:31.159 --> 01:44:35.479
really quickly. But if I can't
get it, it's called star Quality painting,

1291
01:44:36.039 --> 01:44:39.560
and I'm putting it in my list. I'm putting it in the search.

1292
01:44:39.600 --> 01:44:41.279
I can give it to him.
Oh good, you'll give it to

1293
01:44:41.319 --> 01:44:44.159
him, thank you. Yeah,
and Steve the painter will give you some

1294
01:44:44.199 --> 01:44:47.760
recommendations. But these new ceiling paints
are really good things. They're coatings,

1295
01:44:47.800 --> 01:44:51.560
they're they're really good. I mean. Now, on the other hand,

1296
01:44:51.960 --> 01:44:55.159
you know, I don't know what
it will look like. But to me

1297
01:44:56.199 --> 01:45:00.880
in my opinion, James Hardy,
did you like this? Did it look

1298
01:45:00.960 --> 01:45:05.359
wood to you? Yeah? Dude, I just know whenever I've stayed new

1299
01:45:05.359 --> 01:45:08.960
wood, I put it on,
but then I have to wipe it with

1300
01:45:09.039 --> 01:45:12.439
a rag. Yeah, and I
don't want to do the whole house that.

1301
01:45:12.920 --> 01:45:15.720
No, But I don't think you
can do that with the car with

1302
01:45:15.800 --> 01:45:21.720
the cementuous stuff. Okay. The
cementious stuff, I believe is more of

1303
01:45:21.760 --> 01:45:26.760
a uh it absorbs it and you
know, you might have to wipe a

1304
01:45:26.760 --> 01:45:30.039
little, but I don't. I
don't think you can redo it as evenly

1305
01:45:30.079 --> 01:45:34.039
as the original one. That's the
one thing I thought about those products that

1306
01:45:34.119 --> 01:45:39.439
come stained. It leached out over
the years. Okay, So Bill,

1307
01:45:39.520 --> 01:45:45.079
what's going on with you? Hello? Bill's going good? What's happening?

1308
01:45:46.000 --> 01:45:49.680
Well? I took to leave a
couple of years ago and I bought all

1309
01:45:49.800 --> 01:45:55.760
Let a car. Yeah, what
kind did you buy? The Ionic size?

1310
01:45:56.760 --> 01:46:00.399
Yeah, that's a very good car. I love it. Actually,

1311
01:46:01.239 --> 01:46:04.640
I got it in October of twenty
two, and I got it as a

1312
01:46:04.640 --> 01:46:11.800
business car. I'm actually a true
taxi driver. Wow, there's still a

1313
01:46:11.800 --> 01:46:16.239
few of us around. Wow.
I had the car about a year.

1314
01:46:16.319 --> 01:46:19.560
Then the car went in the shop. A couple of little things came up,

1315
01:46:20.359 --> 01:46:24.479
and they tried to fix them.
Unfortunately they couldn't clear it. The

1316
01:46:24.680 --> 01:46:30.319
frobily came up with an electrical charging
system. Light came on. Uh oh,

1317
01:46:30.399 --> 01:46:34.399
Now did the dealer itself work on
it? The dealer I bought it

1318
01:46:34.439 --> 01:46:39.520
from didn't have an electronic mechanic,
so I had to take it to a

1319
01:46:39.560 --> 01:46:43.119
Hondai dealership, but not the one
I bought the car at. Yeah,

1320
01:46:43.119 --> 01:46:45.359
that's what I meant. A Hondai
dealership looked at it? Or what are

1321
01:46:45.399 --> 01:46:50.000
these? What year did you say? It was twenty twenty two, yes,

1322
01:46:50.039 --> 01:46:55.119
sir, And what is wrong with
it? Right now? What did

1323
01:46:55.159 --> 01:47:00.479
you find? Well, they had
the car in the shop for almost a

1324
01:47:00.560 --> 01:47:02.920
year. What and we just got
it back? Yeah, just got it

1325
01:47:02.960 --> 01:47:08.359
back. The other day. They
flew in an engineer and had an engineer

1326
01:47:08.359 --> 01:47:11.199
actually work on the car. Well
wait, wait, what did you do

1327
01:47:11.319 --> 01:47:14.439
while your car was away for a
year? For goodness sakes? Did they

1328
01:47:14.439 --> 01:47:18.800
provide you one? Uh? They
provided a loaner, which I couldn't use

1329
01:47:18.800 --> 01:47:21.239
for my work. So while his
wife got to drive the loaner, she

1330
01:47:21.319 --> 01:47:24.840
enjoyed it. She had the KNA
and a few other one along the way.

1331
01:47:25.079 --> 01:47:30.399
Okay, but for me for work, I had the least uh another

1332
01:47:30.479 --> 01:47:36.960
taxi from the company. So you
were actually using your own You were using

1333
01:47:38.000 --> 01:47:44.119
your own vehicle in a conventional taxi
company, not a ride share right u

1334
01:47:44.319 --> 01:47:46.640
Z trip Actually, so it had
to get decked out, tagged everything.

1335
01:47:46.720 --> 01:47:49.840
But let me ask me so,
oh oh, that's why you couldn't use

1336
01:47:49.920 --> 01:47:56.239
the loaner. Correct. Okay,
if you're asking if you can get reimbursed

1337
01:47:56.279 --> 01:48:01.159
for loss of use, the answer
is no, even though I had the

1338
01:48:01.439 --> 01:48:08.760
incur almost yeah, now wait,
WHOA I should I should amend that in

1339
01:48:08.960 --> 01:48:14.600
almost every warranty, and I'm positive
there is there's wording about loss of use.

1340
01:48:15.600 --> 01:48:18.399
However, the year thing, you
might have them on that on the

1341
01:48:18.520 --> 01:48:24.520
year thing, because it is a
little weird that it took a year,

1342
01:48:25.199 --> 01:48:29.119
So that might be a variable that
will give you some strength. Have you

1343
01:48:29.239 --> 01:48:32.640
asked them to reimburse you? Oh? Actually I asked them about the lemon

1344
01:48:32.720 --> 01:48:35.399
law, and it turned out since
I'm using it was using it as a

1345
01:48:35.439 --> 01:48:40.319
company vehicle. They were able to
get out of the lemon law because they

1346
01:48:40.640 --> 01:48:45.880
because of the loaner, because it
was being used as a business. Oh

1347
01:48:46.039 --> 01:48:49.800
okay, otherwise you would have had
the thirty days loss of use, wouldn't

1348
01:48:49.800 --> 01:48:56.199
you. Oh yeah, I see, because it was being commercially used.

1349
01:48:56.680 --> 01:48:59.840
But what what do they say though, Did they say anything about helping you

1350
01:48:59.840 --> 01:49:04.920
out or not? Nope? And
you bought this brand new, right,

1351
01:49:06.159 --> 01:49:12.039
brand new twenty miles coming off the
lot. Man, I think the problem

1352
01:49:12.119 --> 01:49:15.920
you're going to have is the loss
of use, and especially now you're telling

1353
01:49:15.960 --> 01:49:19.600
me it's commercial. I kind of
yeah. See, they never promised,

1354
01:49:20.439 --> 01:49:26.479
they never promised that this was going
to be a taxi. So therefore the

1355
01:49:26.880 --> 01:49:32.119
the what you call consequential damages as
a result of your extraordinary use. You

1356
01:49:32.159 --> 01:49:39.720
see, what if you were using
it for something else that was different and

1357
01:49:39.800 --> 01:49:43.960
extraordinary. The fact that you had
to mark it up and label it and

1358
01:49:44.000 --> 01:49:48.000
all see it's and you couldn't do
that to the loaner. What they're saying

1359
01:49:48.119 --> 01:49:54.760
is, we sell passenger cars for
consumers. The fact that you converted it

1360
01:49:54.800 --> 01:49:59.680
to commercial, we should not be
responsible for that extra cost. And I

1361
01:49:59.720 --> 01:50:02.920
think I'd have to agree with it. I do think it sucks that it

1362
01:50:03.000 --> 01:50:08.920
was a year. By the way, is it working now? They finally

1363
01:50:08.920 --> 01:50:11.399
did fix it. They got the
engineer in to come and work on it,

1364
01:50:12.000 --> 01:50:15.880
and it turned out as a FEUs
in the air conditioning system was setting

1365
01:50:15.880 --> 01:50:20.760
off the electrical charging system and it
took them a year to figure that out.

1366
01:50:23.840 --> 01:50:31.159
Yes, sir oh Man, that
is crazy. So in any case,

1367
01:50:31.239 --> 01:50:35.600
I really think you have a weak
case here. I'm just being straight

1368
01:50:35.640 --> 01:50:41.479
with you because, as I said, it wasn't that you lost use of

1369
01:50:41.520 --> 01:50:45.000
your car. You lost use of
a company or of a commercial vehicle,

1370
01:50:45.319 --> 01:50:50.439
and they never sold you a commercial
vehicle to begin with. That's the problem.

1371
01:50:50.800 --> 01:51:00.960
Three oh three seven to one three
talk go with a short thing Denver's

1372
01:51:00.960 --> 01:51:04.319
Best Roofer Excel Roofing dot com.
You don't pay a cent until you're content.

1373
01:51:08.680 --> 01:51:13.800
Time for an insurance check up free
no obligation comparison call Compass Insurance paying

1374
01:51:13.880 --> 01:51:16.960
too much your coverage at dozens of
insurance companies find out now three oh three

1375
01:51:17.079 --> 01:51:20.840
seven seven to one help. You'll
think you're his only customer when you choose

1376
01:51:20.880 --> 01:51:26.319
Frank durand the Real Estate Man dot
com to list your home with Remax Alliance

1377
01:51:26.560 --> 01:51:33.720
three oh three nine two zero sixteen
twenty two. Hi Tom Martino here three

1378
01:51:33.720 --> 01:51:38.760
O three seven one three talk seven
one three eight two five five ED.

1379
01:51:38.760 --> 01:51:42.520
What's going on with you? Hello? Ed? Hey Tom? Yes,

1380
01:51:42.600 --> 01:51:48.439
sir, anyway, I used zero
res today like many other times, and

1381
01:51:48.720 --> 01:51:56.199
I'll tell you what you could.
The quality of their their product is great.

1382
01:51:56.840 --> 01:52:01.880
But what really stood out to me
today was the technician that showed Ah.

1383
01:52:02.399 --> 01:52:08.479
It called me before eight o'clock that's
when they open. They gave me

1384
01:52:08.520 --> 01:52:15.039
a timeline of forty five minutes and
it showed up early. That's crazy.

1385
01:52:15.279 --> 01:52:18.640
That's good. Hey, you know, really and truly, I'm glad you

1386
01:52:18.720 --> 01:52:24.520
called totally unsolicited. Isn't it the
best? I mean there's no odors,

1387
01:52:24.520 --> 01:52:28.479
no smells, no musty feeling.
No, the carpets are near dry when

1388
01:52:28.479 --> 01:52:31.680
they're done, and there's nothing at
all, nothing to feel. What my

1389
01:52:31.720 --> 01:52:36.960
house? My house is closed up
now, it's all dry. Yeah.

1390
01:52:38.079 --> 01:52:42.399
This guy, this guy, you
know, they hit the home run when

1391
01:52:42.399 --> 01:52:45.760
they hired him. Well, that's
good. I'm glad. What's his name?

1392
01:52:46.359 --> 01:52:50.840
His name was, oh geez,
Doug. Okay, Well, thank

1393
01:52:50.880 --> 01:52:55.319
you for those kind words. Doug
at zero res You made a good impression,

1394
01:52:55.760 --> 01:52:58.119
and of course the whole team there, they do a great job.

1395
01:52:58.239 --> 01:53:01.119
Zero Residenver dot COM's got a question. Go ahead, Tom, what's going

1396
01:53:01.159 --> 01:53:06.399
on? Oh? I can't if
you had heard anything about a credit union

1397
01:53:06.840 --> 01:53:11.399
out in Lakewood is the only one
that I know. But he's just called

1398
01:53:11.520 --> 01:53:14.359
Supers, And though it's spelled the
same, it's not. I don't think

1399
01:53:14.399 --> 01:53:16.840
it's affiliated with King Supers. They
don't say anything about that. But they're

1400
01:53:16.840 --> 01:53:24.079
offering a CD interest rate for I
think seven months. I heard seven percent.

1401
01:53:24.439 --> 01:53:27.920
What I just wondered, Hey,
Josh, have you heard of them

1402
01:53:28.439 --> 01:53:30.800
Supers credit Union? Yeah? Huh. They are associated with King Supers and

1403
01:53:30.840 --> 01:53:34.479
they are legit. Uh huh.
They're through a lot of employees that work

1404
01:53:35.199 --> 01:53:41.800
King Supers. That's exclusive to them
seven months at seven percent. It's just

1405
01:53:41.880 --> 01:53:45.479
only King super employees in my experience. I don't know, by the way,

1406
01:53:45.520 --> 01:53:48.279
it's maybe open to yeah, others, but yeah, that's you just

1407
01:53:48.359 --> 01:53:50.560
call and ask them. I don't
know if it's open to other people.

1408
01:53:50.600 --> 01:53:55.319
But but man, you know,
is that is that an extraordinary raid or

1409
01:53:55.359 --> 01:53:58.159
is that the going rate right now? Seven percent? There's some there's some

1410
01:53:58.520 --> 01:54:00.199
outfits out there that are offering that. It's kind of a teaser rate.

1411
01:54:00.439 --> 01:54:03.840
Usually it's for a few months and
then it drops to you know, I'm

1412
01:54:03.880 --> 01:54:08.760
getting right now on T bills for
cash that I have that I don't want

1413
01:54:08.760 --> 01:54:12.720
to invest in a long run,
for four week to four week tea bills,

1414
01:54:12.720 --> 01:54:16.720
I'm getting over six percent. Did
you know that? I don't regard

1415
01:54:16.800 --> 01:54:19.640
me or nothing, but yeah,
Tom, have you ever done, Tom?

1416
01:54:19.680 --> 01:54:26.000
Have you ever considered T bills?
There's zero risk. No, I

1417
01:54:26.000 --> 01:54:28.680
can't say as I have. Let
me explain this to you. I'm not

1418
01:54:28.680 --> 01:54:31.800
trying to sell them, and there's
no upside or downside. In fact,

1419
01:54:31.159 --> 01:54:36.920
you go to Treasury Direct to get
them, so you don't even deal with

1420
01:54:38.000 --> 01:54:43.159
anyone but the government. You go
to Treasury Direct. And I'm telling you

1421
01:54:43.640 --> 01:54:53.439
that I have been making six percent
or more every four weeks and and so

1422
01:54:53.520 --> 01:54:59.760
what that's every month and and it's
it's amazing. You have cash. Right.

1423
01:55:00.079 --> 01:55:04.920
You go to Treasury Direct and it's
called Treasurydirect, I believe dot com.

1424
01:55:04.920 --> 01:55:09.880
You open an account, it's run
by the government. Then what you

1425
01:55:09.920 --> 01:55:14.640
do is you put you deposit money
from a bank account. So however much

1426
01:55:14.680 --> 01:55:16.520
you were going to put in a
CD. You put it there and you

1427
01:55:17.800 --> 01:55:21.960
sign up for the first auction for
the first four weeks, then you choose

1428
01:55:23.039 --> 01:55:26.159
if you want to reinvest at the
end of each four weeks. You can

1429
01:55:26.199 --> 01:55:29.720
do that ahead of time. So
I put mine in for five renewals,

1430
01:55:30.119 --> 01:55:32.560
so I had a total of six
months. But you can cancel the renewal

1431
01:55:32.560 --> 01:55:36.039
if you decide not to renew it, but you can renew it every four

1432
01:55:36.079 --> 01:55:40.279
weeks, or just go four weeks
and take the money. And I'm telling

1433
01:55:40.319 --> 01:55:45.319
you it can add up in a
big way. Now, you don't get

1434
01:55:45.600 --> 01:55:48.800
interest on interest once you make like
I believe I had money. I made

1435
01:55:48.840 --> 01:55:53.840
twenty five hundred bucks every four weeks. Okay, twenty five hundred bucks a

1436
01:55:53.840 --> 01:55:58.600
month with this money in there.
And here's the deal. That money,

1437
01:55:58.600 --> 01:56:01.239
though, doesn't add to your balance
and make twenty five hundred on that you

1438
01:56:01.319 --> 01:56:06.840
don't you That money is sent to
the bank account from which you drafted the

1439
01:56:06.920 --> 01:56:11.520
money to put in there. So
it's not money on money, but it's

1440
01:56:11.560 --> 01:56:15.600
money on principle. Okay, it's
not. It's not compounded. Interesting,

1441
01:56:15.840 --> 01:56:20.600
right, but in my opinion,
in my opinion, because the amount you're

1442
01:56:20.640 --> 01:56:27.199
getting from that CD when they tell
you seven percent includes the compounding. That's

1443
01:56:27.239 --> 01:56:30.199
why it's seven months soil. Yeah, that's right, that's the yield.

1444
01:56:30.720 --> 01:56:35.319
So if you think about a four
week yield at six percent versus or a

1445
01:56:35.319 --> 01:56:42.000
little more versus a seven months,
a seven and and and the other one

1446
01:56:42.039 --> 01:56:45.319
has tax preference treatment. Now with
a T bill, you do pay,

1447
01:56:46.119 --> 01:56:50.359
you do pay your federal tax,
you do not pay state and local taxes.

1448
01:56:50.560 --> 01:56:56.119
So there's a big benefit to those
T bills. Okay, And that's

1449
01:56:56.159 --> 01:57:01.439
six percent a year for four weeks, okay, Yeah, but that's extraordinary

1450
01:57:01.479 --> 01:57:06.239
amount of money. I mean for
for zero risk, it's an extraordinary amount

1451
01:57:06.239 --> 01:57:10.680
of money. And I'm actually making
a little more than six percent, Like

1452
01:57:10.720 --> 01:57:14.199
I got a little more than twenty
five hundred. I have a big amount

1453
01:57:14.199 --> 01:57:16.119
of invested there. But it was
just sitting in nothing, and I thought,

1454
01:57:16.159 --> 01:57:18.720
you know what, this is risk
free? You ought to do it.

1455
01:57:19.640 --> 01:57:27.159
Yeah, and again I mean direct
but yeah, Treasury Direct, Treasury

1456
01:57:27.239 --> 01:57:30.479
Direct, And I don't know,
Josh, what about it? What do

1457
01:57:30.560 --> 01:57:35.600
you know about Have you ever used
Treasury Direct? We haven't, but no,

1458
01:57:35.680 --> 01:57:39.600
we know it's a reputable site.
It's a government website, which yeah,

1459
01:57:39.920 --> 01:57:45.479
maybe not say any Treasurydirect dot gov
by the way Treasury direct dot gov.

1460
01:57:46.319 --> 01:57:50.359
Now here's the difference. And I'm
not shoot, I'm not looking.

1461
01:57:50.680 --> 01:57:56.119
I'm not putting anyone down because everyone
in the financial advisory business, if they

1462
01:57:56.159 --> 01:57:59.800
do a great job, deserve the
fees. But why would you take a

1463
01:58:00.079 --> 01:58:02.920
hunderd grand and put it with an
advisor who takes one percent of it or

1464
01:58:02.920 --> 01:58:08.920
one point five percent of it and
then puts you in the treasury that you

1465
01:58:08.960 --> 01:58:14.119
can do direct without a fee,
so you know, you get to keep

1466
01:58:14.119 --> 01:58:16.920
your entire return. Now, there's
nothing wrong with having all of your money

1467
01:58:17.319 --> 01:58:23.680
in with a financial advisor. If
you like having a financial advisor, and

1468
01:58:23.680 --> 01:58:27.239
they're good people, there's nothing wrong
with that. I mean, they earn

1469
01:58:27.319 --> 01:58:30.760
their money, they place your money
and try to make return. But if

1470
01:58:30.800 --> 01:58:34.880
I ever had a financial advisor who
says, Tom, we're going to take

1471
01:58:34.920 --> 01:58:39.439
some of your money and put it
in T bills, I would say,

1472
01:58:39.439 --> 01:58:42.079
no, you're not. I'll take
the money and put it in T bills.

1473
01:58:42.319 --> 01:58:45.119
There's no reason for you to do
that for me. The same way,

1474
01:58:45.119 --> 01:58:47.319
there's no reason for you. If
my money's going to sit in cash,

1475
01:58:47.720 --> 01:58:50.319
send it to me to sit in
cash. I don't want it in

1476
01:58:50.399 --> 01:58:58.399
your account sitting in cash because you're
paying an advisory fee on assets under management.

1477
01:58:59.520 --> 01:59:03.880
Okay, Deputy Bo, welcome to
the show. Nice seeing you yesterday.

1478
01:59:03.880 --> 01:59:09.800
What do you got going on,
Bro, I'm working on this case

1479
01:59:10.199 --> 01:59:15.079
got a favorable outcome. It was
Andrew called last Friday. Okay, let

1480
01:59:15.159 --> 01:59:18.680
me find it here Andrew. And
it had to do with what case All

1481
01:59:18.960 --> 01:59:24.279
Suns the movie company, Oh,
my son's movie. I am so happy

1482
01:59:24.319 --> 01:59:28.560
you told me about that one.
That bothered me a lot, because truly

1483
01:59:28.640 --> 01:59:31.920
that company doesn't have a bad name, but I didn't like what I heard

1484
01:59:31.960 --> 01:59:36.760
about him. And I'm trying to
find the call. But explain what happened

1485
01:59:36.760 --> 01:59:45.239
Originally, Yes, Andrew took out
a five thousand dollars insurance policy on the

1486
01:59:45.319 --> 01:59:49.600
move. That long story short.
When they delivered a cabinet there was expensive

1487
01:59:49.640 --> 01:59:56.479
glass shelves. The shelves got damaged, so he went to a glass company

1488
01:59:56.479 --> 02:00:00.239
in Denver and had the shelves made. So I thought he was very reasonable.

1489
02:00:00.359 --> 02:00:04.039
He submitted a claim of five hundred
and fifty dollars, which was his

1490
02:00:04.279 --> 02:00:11.560
costs and replace his grandmother's glass shelves
to All my Son's Movie company, and

1491
02:00:11.640 --> 02:00:17.079
all they would offer him is one
hundred dollars. So I called the local

1492
02:00:17.199 --> 02:00:20.960
company, the local branch here,
talk to a guy named Thomas, and

1493
02:00:21.159 --> 02:00:25.039
he said it's just one hundred dollars. That's where it is. Go with

1494
02:00:25.119 --> 02:00:29.319
a sure thing Denver's Best roofer Excel
Roofing dot com. You don't pay a

1495
02:00:29.399 --> 02:00:36.680
cent until you're content. Time for
an insurance checkup free no obligation comparison call

1496
02:00:36.800 --> 02:00:42.800
Compass Insurance paying too much your coverage
at dozens of insurance companies find out now

1497
02:00:42.800 --> 02:00:45.640
three all three seven to seven to
one. Help. You'll think you're his

1498
02:00:45.800 --> 02:00:48.800
only customer when you choose Frank Durand
the real estate man dot com to list

1499
02:00:48.840 --> 02:00:58.119
your home with Remax Alliance three oh
three nine two zero sixteen twenty two.

1500
02:00:58.760 --> 02:01:01.600
Hi Tom Martine, your troubleshooter three
oh three seven one three talks seven one

1501
02:01:01.640 --> 02:01:05.640
three eight two five five. Okay, now I got two people. I

1502
02:01:05.640 --> 02:01:09.760
got Donnie. He wants to talk
about an accident. We we might want

1503
02:01:09.800 --> 02:01:12.000
to get John on. I'm not
sure, but anyway, you have a

1504
02:01:12.039 --> 02:01:15.960
question about a car accident. What's
going on? Sir? Hey, my

1505
02:01:15.039 --> 02:01:19.079
name is Donnie and a longtime listener. Yes, surely it wasn't my daughter

1506
02:01:19.520 --> 02:01:24.000
was in a car accident, and
I'm glad that I used to You referred

1507
02:01:24.000 --> 02:01:27.600
me to John Fuller. Yeah,
good job. Yeah, he was great,

1508
02:01:27.640 --> 02:01:31.159
and we got she got the settlement
coming and she's nineteen years old and

1509
02:01:32.560 --> 02:01:35.079
she's took it like you a little
more. But anyway, she wants to

1510
02:01:35.199 --> 02:01:40.520
invest in twenty thousand dollars. But
I was wondering what the best investment.

1511
02:01:40.600 --> 02:01:42.840
It's gonna probably be short term,
you know what I mean. She just

1512
02:01:42.880 --> 02:01:45.520
start in her life, all right
for her, but she don't want to

1513
02:01:45.880 --> 02:01:48.760
you just okay for a young person, Okay, they don't want to do

1514
02:01:48.920 --> 02:01:54.199
any stock market investing at that age. Okay, I don't mean at that

1515
02:01:54.319 --> 02:02:00.039
age. I mean short term uh
investing will either lose her even if it

1516
02:02:00.079 --> 02:02:02.560
made her money, it's not a
good it's not a good fit for her

1517
02:02:02.680 --> 02:02:06.800
right now because of gold kicker into
a tax bracket. What I would recommend

1518
02:02:06.840 --> 02:02:10.199
is just what I was talking about, Donnie. If you can get a

1519
02:02:10.199 --> 02:02:14.760
good CD or Josh, you can
chime in on this bro or a T

1520
02:02:15.000 --> 02:02:16.439
bill. Did you hear me.
I don't know if you heard me,

1521
02:02:16.880 --> 02:02:24.359
But there's the government has a site
called Treasurydirect dot gov. And on Treasury

1522
02:02:24.560 --> 02:02:27.039
you heard of that. Okay,
here, let me explain to you real

1523
02:02:27.119 --> 02:02:30.279
quick, and then Josh can chime
in on other ideas you might have.

1524
02:02:30.840 --> 02:02:34.439
But how much is she going to
get approximately, Let's say what you'd like

1525
02:02:34.479 --> 02:02:39.000
to invest twenty thousand, Okay.
So if she gets twenty grand and it's

1526
02:02:39.000 --> 02:02:44.439
in a bang, she goes to
Treasurydirect dot gov. That will she can

1527
02:02:44.479 --> 02:02:46.880
open up an account. She's eighteen, She opens up an account, a

1528
02:02:47.000 --> 02:02:51.960
username and a log in. This
is a government site. Then she can

1529
02:02:53.079 --> 02:03:00.000
ach twenty grand into her account.
And then what she does what she can

1530
02:03:00.119 --> 02:03:05.000
do is buy any number of government
securities. Now it may seem a little

1531
02:03:05.039 --> 02:03:10.399
overwhelming, but it's not. And
so one of the easiest ones are called

1532
02:03:11.079 --> 02:03:16.439
four week tea bills. That means
you buy t bills on day one of

1533
02:03:16.479 --> 02:03:21.159
the auction at a discount, like
I was buying them at around ninety three

1534
02:03:21.319 --> 02:03:27.039
ninety four dollars, and then they
redeem at one hundred and that might be

1535
02:03:27.079 --> 02:03:30.640
a thousand. What I'm saying is
this, you buy them at a discount

1536
02:03:30.680 --> 02:03:35.079
that's locked in, and then upon
maturity in four weeks, she gets paid

1537
02:03:35.119 --> 02:03:41.279
the entire par value. So she's
making the spread. The spread for me

1538
02:03:41.520 --> 02:03:45.760
has been over six to six and
a half percent. However, Doc told

1539
02:03:45.760 --> 02:03:49.760
me the discounts are a little less
right now, so you might be getting

1540
02:03:50.119 --> 02:03:56.840
around four and a half percent.
But the point is it's risk free,

1541
02:03:57.279 --> 02:04:01.640
and it's more than any CD or
any bank product will pay, and you

1542
02:04:01.680 --> 02:04:06.239
can invest. I just looked one
hundred dollars one hundred dollars increments, so

1543
02:04:06.680 --> 02:04:12.359
she'll and and her her investment is
locked in on the day of the auction.

1544
02:04:13.000 --> 02:04:16.000
So whatever the auction is, she
doesn't make. All she does is

1545
02:04:16.000 --> 02:04:19.560
put it there. It's automatic.
She tells them what she wants to buy.

1546
02:04:19.880 --> 02:04:25.399
So she buys twenty thousand worth,
it'll go in there and buy that

1547
02:04:25.520 --> 02:04:31.039
many increments at a discount. The
money for the discount upon maturity is wired

1548
02:04:31.760 --> 02:04:39.239
or AHD to the account she just
opened, you know, does so it's

1549
02:04:39.319 --> 02:04:44.640
a really good so she'll find extra
money in her account automatically. Now she

1550
02:04:44.760 --> 02:04:51.159
can keep that twenty there and reinvest
it every four weeks. Yeah, I

1551
02:04:51.199 --> 02:04:55.439
was thinking CD first of all,
but I wanted to hear what other options.

1552
02:04:55.439 --> 02:04:58.840
Okay, yeah, there's nothing wrong
with a CD, but I'm telling

1553
02:04:58.880 --> 02:05:03.960
you that this government one is better. It's government, there's no fee whatsoever,

1554
02:05:04.520 --> 02:05:11.119
and the money is directly AHD into
her account that she makes. So

1555
02:05:11.399 --> 02:05:15.720
that's what I would do it because
of the zero risk and modest return.

1556
02:05:15.960 --> 02:05:18.000
Oh Josh, what are you thinking. That's kind of where I was going

1557
02:05:18.079 --> 02:05:20.920
to go. Tom. You don't
want to put short term money at risk

1558
02:05:20.960 --> 02:05:25.239
if you're gonna need it at some
point here in the near future. Especially

1559
02:05:25.239 --> 02:05:28.239
with these four week timeframes on a
lot of these treasury bills, it makes

1560
02:05:28.279 --> 02:05:31.159
a lot of sense. There's a
lot of protection backing all that fun stuff,

1561
02:05:31.840 --> 02:05:34.880
and you know exactly what your money
is going to do. That's the

1562
02:05:34.920 --> 02:05:39.199
long and the short of it.
CDs, you lose a lot of flexibility

1563
02:05:39.199 --> 02:05:43.000
there typically for a longer period of
time then you know, these four week

1564
02:05:43.039 --> 02:05:45.880
treasury bills like Tom's referring to.
So, yeah, that's a great,

1565
02:05:46.000 --> 02:05:51.039
great option, Absolutely awesome. All
right, that's why I usually call Tom

1566
02:05:51.079 --> 02:05:57.239
first. I am really happy that
she's considering investing at such a young age.

1567
02:05:57.399 --> 02:06:00.399
It'll get her used to it.
Yeah, Well, just let us

1568
02:06:00.439 --> 02:06:02.880
know if we need If you need
anything else, three oh three seven,

1569
02:06:02.960 --> 02:06:05.640
one, three eight, two five
five, go with a sure thing.

1570
02:06:05.760 --> 02:06:11.159
Denvers best Roofer excel roofing dot com. You don't pay a cent until you're

1571
02:06:11.239 --> 02:06:17.560
content. Time for an insurance check
up free, no obligation. Comparison call

1572
02:06:17.640 --> 02:06:23.600
Compass Insurance paying too much your coverage
at dozens of insurance companies find out now

1573
02:06:23.680 --> 02:06:27.720
three all three seven seven one help. You'll think you're his only customer when

1574
02:06:27.760 --> 02:06:30.479
you choose Frank durand the real estate
Man dot com to list your home with

1575
02:06:30.600 --> 02:06:43.920
Remax Alliance three all three nine two
zero sixteen twenty two. Hi Tom Martine,

1576
02:06:44.000 --> 02:06:48.640
here you know rpcenter dot com is
the website for these guys. Rpcenter

1577
02:06:48.760 --> 02:06:55.119
dot com nine seven zero six six
three thirty two eleven. And I personally

1578
02:06:55.279 --> 02:06:58.239
am a client, want to want
to make that disclosure, and they are

1579
02:06:58.279 --> 02:07:03.159
a sponsor, and we crisscrossed that
way. Joe, what's going on?

1580
02:07:03.239 --> 02:07:10.439
Joe? Hey Tom? I just
have a question about potentially hiring an attorney.

1581
02:07:11.119 --> 02:07:14.920
I was hired by this attorney out
of state or law firm out of

1582
02:07:14.920 --> 02:07:18.640
state to do what witness to be
an expert witness on a medical case,

1583
02:07:18.920 --> 02:07:24.520
Okay, And we agreed on an
hourly rate and I sent them at W

1584
02:07:24.720 --> 02:07:30.000
nine signed and the case was settled
and I'm five point sixteen. I sent

1585
02:07:30.039 --> 02:07:32.359
them an invoice. I still have
not received payments. And what did you

1586
02:07:32.479 --> 02:07:35.880
do on an hourly rate? What
did you do, like if there was

1587
02:07:35.960 --> 02:07:41.439
no trial or hearing, did you
do a deposition? Didn't have to do

1588
02:07:41.479 --> 02:07:47.319
a deposition. I studied other people's
depositions and commented on that. And did

1589
02:07:47.359 --> 02:07:51.119
they ask you to do that or
was that in prep? No, they

1590
02:07:51.159 --> 02:07:55.600
asked me to do that as part
of prep. Okay, I was going

1591
02:07:55.600 --> 02:07:58.319
to be deposed, but the case
was settled. No, I got you.

1592
02:07:58.439 --> 02:08:03.800
Are you a doctor? No?
What is your expertise? Uh?

1593
02:08:05.079 --> 02:08:09.640
Involves medical equipment. Okay, now
listen, here's the deal. You see.

1594
02:08:11.720 --> 02:08:13.800
I would say a lot depends on
your contract, but you didn't have

1595
02:08:13.840 --> 02:08:18.039
one. You had a verbal contract. Because they're going to say, well,

1596
02:08:18.039 --> 02:08:22.439
he didn't do anything because he was
prepping and that's part of his deal.

1597
02:08:22.880 --> 02:08:26.000
Now are they saying that to be
in with They are not. They're

1598
02:08:26.039 --> 02:08:33.359
saying, we submitted your invoice.
Oh, that's good. That's better submitted

1599
02:08:33.359 --> 02:08:35.840
it, not have that an email. No, No, that's better that

1600
02:08:35.920 --> 02:08:39.920
they say that, because if they
wanted to make all that other dispute,

1601
02:08:39.960 --> 02:08:43.399
that's a lot to ferret through.
But all they're saying is we submitted it.

1602
02:08:43.520 --> 02:08:48.680
Okay, So the question is did
you put a lien on the suit?

1603
02:08:50.319 --> 02:08:52.399
No, I haven't done anything.
I was just trying to figure out,

1604
02:08:52.439 --> 02:08:54.840
well, you should have done that
before the settlement. You can put

1605
02:08:54.920 --> 02:09:01.239
you can actually file a lien on
proceedings in order to be paid. Attorneys

1606
02:09:01.359 --> 02:09:05.479
often do that with divorces and stuff. Can he just call the uh,

1607
02:09:07.119 --> 02:09:11.239
the bar in the state that they're
very strict about that in Colorado. Just

1608
02:09:11.279 --> 02:09:13.600
call the bar so it's called them
feed dispute state. Yeah, the fee

1609
02:09:13.600 --> 02:09:18.600
dispute committee. He's apt doc is
absolutely right. What state is it?

1610
02:09:18.600 --> 02:09:24.680
It's Georgia, doesn't matter. I'm
sure that just as strict. Well some

1611
02:09:24.760 --> 02:09:28.760
of them are and some of them
aren't. Okay, but you're you're right.

1612
02:09:28.239 --> 02:09:33.319
Georgia would be one that would be
pretty strict. And the months too

1613
02:09:33.359 --> 02:09:39.000
long to waiter? Should I wait
two months or okay? You invoiced when

1614
02:09:39.319 --> 02:09:43.720
May sixteenth, May June July?
I would say sixty days. I was

1615
02:09:43.760 --> 02:09:48.880
going to sixty days is reasonable?
Yeah, I would contact the bar just

1616
02:09:50.560 --> 02:09:54.399
like on the fifty eighth or fifty
ninth day, whatever. I would absolutely

1617
02:09:54.600 --> 02:09:56.720
I would let them know you're going
to the bar association as well. Let

1618
02:09:56.760 --> 02:10:01.279
them know, say, as to
protect myself, I'm filing a complaint with

1619
02:10:01.319 --> 02:10:05.760
the bar association. Now there might
be two bars. Sometimes the city or

1620
02:10:05.880 --> 02:10:11.520
municipality has a bar and then the
state. And is it too late to

1621
02:10:11.560 --> 02:10:16.720
file a lien? I don't know
about that. Actually, I was gonna

1622
02:10:16.720 --> 02:10:20.279
say, I'm not sure about it. If it was all settled and paid

1623
02:10:20.319 --> 02:10:26.359
out it is. Do you know
what stage of settlement it's in. I

1624
02:10:26.520 --> 02:10:30.680
don't. You may have to use
a lawyer in Georgia to do that,

1625
02:10:31.399 --> 02:10:33.640
and it's going to eat up some
of it. How much do you have

1626
02:10:33.720 --> 02:10:39.039
coming a little more than five thousand? It might be worth trying looking into

1627
02:10:39.079 --> 02:10:43.840
filing a lien on the proceeds.
You know, it truly is a claim

1628
02:10:43.560 --> 02:10:48.079
and you can do it. You
I don't know how to turney what I

1629
02:10:48.159 --> 02:10:52.359
hire in Georgia? Ooh, that's
a good question. That's a good question.

1630
02:10:52.439 --> 02:10:58.239
I'm not entirely sure. A general
litigator or a collector bill collector,

1631
02:10:58.279 --> 02:11:03.520
possibly that a collection attorney might be
the one. And you have to do

1632
02:11:03.560 --> 02:11:09.039
it before it's settled out. Okay, do you know when they signed it?

1633
02:11:09.079 --> 02:11:16.279
When did they sign the settlement probably
around the first or second week of

1634
02:11:16.359 --> 02:11:20.520
May, because you know how much
the settlement was. That'll tell me how

1635
02:11:20.600 --> 02:11:24.920
much was the settlement. I don't
know, Like, if it's millions of

1636
02:11:24.960 --> 02:11:26.479
dollars, it's going to be a
while. If it's even if it's five

1637
02:11:26.560 --> 02:11:31.720
hundred thousand or more, if it's
ten fifteen to twenty twenty, although I

1638
02:11:31.800 --> 02:11:33.680
will say it had to have been
more to have an attorney involved in pay

1639
02:11:33.720 --> 02:11:39.239
you and all that. So,
but when you submitted it, did you

1640
02:11:39.319 --> 02:11:43.239
submit it to the law firm that
hired you? Yes? Good. What's

1641
02:11:43.279 --> 02:11:50.319
the name of the law firm?
All this Smith? What is it all?

1642
02:11:50.600 --> 02:11:54.880
Booth? Smith? Okay, jeez, all right. One of the

1643
02:11:54.920 --> 02:12:00.479
attorneys said the case emailed me and
said the case was settled and ask me

1644
02:12:00.520 --> 02:12:03.399
to submit my which I did.
Okay, you got that email to you,

1645
02:12:03.560 --> 02:12:07.399
so you got a lot of good
documentation. I'm curious about something.

1646
02:12:07.560 --> 02:12:13.079
How did they where are you located? I'm in Denver? How'd they get

1647
02:12:13.079 --> 02:12:16.720
a hold of you? Threw a
doctor that I work with? What kind

1648
02:12:16.720 --> 02:12:22.039
of equipment do I work with?
In general? What kind of equipment rehabilitation

1649
02:12:22.159 --> 02:12:28.279
equipment? And are they saying are
they saying it injured somebody that's part of

1650
02:12:28.279 --> 02:12:31.159
it. Yes, okay, well
thanks lot man, I appreciate it.

1651
02:12:31.319 --> 02:12:37.560
Okay, So Josh, can people
meet with you by zoom, by phone,

1652
02:12:39.079 --> 02:12:41.039
in person? How do you do
it? All of the above,

1653
02:12:41.119 --> 02:12:45.960
Tom, whatever's convenient for you will
make it work. We'll make it comfortable

1654
02:12:46.399 --> 02:12:52.479
and start out. Go to the
website rpcenter dot com or nine seven zero

1655
02:12:52.520 --> 02:12:56.720
six six three thirty to eleven.
Hey, folks, don't forget three oh

1656
02:12:56.760 --> 02:12:58.439
three Martino. Save all your problems
for me