Yeah, ripped up news, need advice who you don't have, You'll come
running just as fast as we can. Shooter's gonna help come. Dix's the
Troubleshooter Show. Now Tom Martino, Okay, Tom Martino here, welcome to
the show. I urge you to look into waterpros dot net for the best
water systems at the lowest prices kitchen sink drinking water, and you'll get it
for fourteen hundred dollars fully installed, all the drinking water. Don't buy bottled
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three oh three eight six two five five five four. Hey. Uh.
We have guests with us today ourp Center, Retirement Planning Center of the Rockies,
and as you guys know, I am a client. They they basically
talked to you about retirement, whether you're years from retirement or facing retirement and
anyway. So that's the way it is, and they're here today. We're
to talk about various things, and we'll talk about anything on your mind.
Like Dnnett wants to talk about an issue with a dentist, and how aproposed
since I have a dentist to day right after the show, So what's going
on with you? Dennett? So I started seeing a dentist about a year
ago. He had an office in Fort Collins, and then he had an
office in Greeley. Yeah, and I started the process of getting dentures with
him. So last year in May, I had all of my extractions done
and then got temporary dentors. And for over a year now I have been
trying to do all the tryings to get permanent dentures. Okay, so I
want to ask something on this denture plan? Did you have at your plan?
In other words, they sometimes write out these treatment plans and each stage
is written out along with approximate costs. Did you ever have anything like that?
It's not required. I'm just curious. It's best practice, is right.
So we did do a treatment plan, and then now that the dentist
office has closed, all of my records are locked in his system. Now
they okay, they're covered by the same HIPPA laws that doctors are. And
even though they close an office, they're required to put those records on deposit
somewhere for you to see. Did you know and send me an email after
I you know, emailed the email after they closed, and I was like,
what is going on? You know? And I want to know a
couple of things. First. Okay, did you pay ahead of time for
anything? Yes? I did. Okay, this is going to get complicated.
So here's what I need to know. Okay, how much did you
pay upfront? Or how No, how much did you pay in total for
the denture part? So I have a five thousand dollars loan with them and
twenty one percent interest on my loan. But did they get the whole five
thousand bucks? Yes? They did. Was the five thousand going to cover
the whole denture job? Yeah? Okay. Now so basically you paid upfront,
but it was with a loan. Okay. Now of that you had
extractions. Okay, let's see what was done completed were Because what we have
to do is figure out where you stand unless you've already done this. Have
you already done it? I have not? Okay, So hold on,
ext What we try to do here is put a handle on what you need
and what you should get and what we're going to do and records and we're
gonna we're gonna. So extractions were done? What else? What else was
done? Did you have any implants done as anchors? No implants, only
the extractions. And yep, when you said temporary dentures, what are they
hanging on? They just are supposed to suction in my mouth? Okay,
so they're sitting on the gums. Yes, you understand that bone can deteriorate
to a point where you can't get those anchors eventually if you don't take action.
You know that right right? Well, I did you see a dentist
at least get an idea of the condition of the jaw and if you can
have the anchors, were you going to have anchors put in or were you
going to go just go with the suction. I was just going to go
with the suction until at some point if I could afford the anchors. Yeah.
The problem with doing that is eventually, without a route or without stuff
in the bone, the bone deteriorates right and alignment everything. The suction is
not enough to keep the jaw aligned. So I'm not giving medical advice.
I'm just telling you over the years, we've had so many dentists and dental
problems we've handled that I'm sure another dentist has clued you in, yes or
no, or you've not seen anyone at all. I haven't seen anyone else.
Well, okay, you need you need to do that for just for
your own health. I mean, just see a dentist and get get a
handle on where you stand. Now, how long ago? Where did treatment
stop? I mean, you have temp dentures and you use them. And
when did the guy close? So apparently they closed in February and my last
visit it was with him in December, and the office manager was supposed to
call me to set up my next appointment to see it. Yeah, well
all of that, So what happened to him? I don't know. I
mean I tried calling the office. I went to the office, and then
that's when I discovered what's the dentist name, Parkview Family Dentals, and where
are they located. The office that was most recently closed was the one in
Greeley. You know, Parkview seems to ring a bell to me. It
was Parkview Family Dentistry. Yeah. I think we've gotten complaints about them before.
In fact, I might have written to this guy and he ignored me.
What's his name? His name is Sean Custer, Sean Custer. Ye
is that a cus t er? Yes? Okay, here's what we're gonna
do. Let's just see if we can track it down. Doc, Were
you going to say something about this? Those records have to be someone.
All we have to do is call the dental board and they will make sure
you get your records. Now, I'm not sure how they would handle the
monetary part, but I can guarantee you if you get in touch with the
Dental Board, they will one get your records for you or tell you what
process to use, because they're very strict about that. Do you know they
went bankrupt or anything they did? Yes? Did he apparently? Did he?
Was he named? Did he file as himself as well or just a
part few family dentistry? He filed personally and I guess his lawyer said he
did that so then his patients couldn't come after him. I know that that's
not true. Okay, you can't avoid medical or dental malpractice by having a
corporation. Yeah, but how could it be malpractice? Let's say the work
he's done. So I'm just saying, I'm just saying anything that has to
do, he's personally responsible. You can't point it off on a company like
you can with a non healthcare Okay, so let's say he is personally responsible
and he personally goes bankrupt, Well, then there's nothing you can do,
right, that's exactly right. But the records are definisue, as you know,
know the records. You don't go bankrupt, you don't do anything.
You got to provide them, right. Did you call the dental board?
I did reach out to Dora and they did open a case. So now
it's just a matter of waiting here. So this is doctor Sean Custer,
Parkview Family Dentistry. I'm gonna look him up and we need to get a
phone call or something. Doc. I think we should start with we just
to find out anything we can about them, Okay, where they are,
what they did. And then as far as the loan, who is the
loan through through lending point? Okay, so that's a generic lender. How
much are you paying on this? I pay one hundred and eighty eight dollars
a month on my luck for how long? Thirty six months? Well?
Man, how much? We need to figure out what value you've gotten so
far? Okay, we got to fix You're going to have to schedule an
appointment with a dentist. You know, doc can start mulling around a little,
but we definitely need you to start looking for I get a dentist.
What part are you up in Greeley. I've did for calling okay, because
in Greeley there aren't enough teeths to make it worth a dentist whiles to be
in business. But and don't go to a car dealer to get your teeth
fixed, So go bed. No. You know, in Greeley is cursed.
I swear to God, it's a cursed It's a curse place when it
comes to professionals of any kind. And of course if you're a dentist,
it's got to be a very low You're lonelier than the Maytag repair man up
there with t because if you have a full set of teeth, you're in
a minority. So here's the deal. Let's move over to Fort Collins.
There's got to be plenty of good dentists and Fort Collins somebody to check.
I don't know who to recommend, but you need an independent evaluation for anything,
even for your complaint, by the way, and you're going to have
to probably pay for that. If I were you. Did you call the
lender by any chance I have? And they've said they have to receive a
letter from the dentist that he's more or less going to payback what is on
my lung, So otherwise I'm just to just keep paying. Well, okay,
was it just an unsecured loan, I don't know what. Did you
put up anything as collateral? Did you sign an equity loan? No?
I mean I just signed the paperwork for the loan and then douc. I
don't know about healthcare, but I wonder if there are any special laws when
you take out loans for stuff like this. I wonder if there's any protection.
I would doubt it's it's just a third party loan. Yeah, it's
no different than a car dealer or well, for in the solar business.
It is. For example, in the solar business, if you take out
a solar loan and they go belly up, that lender has to eat it.
It puts some onus on the lender. And I think they should do
that with medical stuff too, because people get stuck with these shysters. Right.
I know, I'm not the only one dealing with it right now.
You know, there are other there are other victims of this guy. Yeah,
somebody said they what's that? Oh my mom had said that. Someone
else said they filed a police report so they didn't have to pay. Well,
a police report saying yeah, but I don't know how that gets them
out of paying as as uh as doc said, it is an independent loan
you took out and then but if they paid the proceeds directly to this doctor,
I'd make some arguments that they're he was an agent of theirs and defrauded
you. I don't know. I would go a little further. Have you
talked to the bankruptcy trustee? I did try and call him and then he
did not. You need to you need to put in a claim first,
okay, good, good, good good. I want you to make a
dental appointment. We're going to mark this as pending. I'm going to have
deputy docs start investigating to see what happened to Parkview and where the records are
or stuff like that. We got more coming right up. Go with a
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until you're content. Time for an insurance check up free no obligation. In
comparison, call Compass insurance paying too much your coverage at dozens of insurance companies
find out now three all three seven to seven to one. Help. You'll
think you're his only customer when you choose Frank durand the real estate man dot
com to list your home with Remax Alliance three all three nine two zero sixteen
twenty two. Hi Tom Martino here three O three seven one three talks seven
one three eight two five five. Okay, I want to go to the
phones, and uh, I want to take people now. We are done
with the net right now. She needs to get a dentist to get a
look and see what was done. And we're going to find out the approximate
value of that. Deputy doc is working on finding out about records and about
where this guy went. And Ben's turned Ben, what's going on with you?
Ben? Hey? Tom? So we spoke on Monday about Impact Energy
and this this solar thing that I got myself in, so it's Impact Energy
and canceled after the third You canceled after the third day. Right to rescind,
isn't that right? Yeah? And they want to charge you for a
site survey. Another costs, And I said, ask for that. Then
if they say that they did it, then demand to get it. Yep.
And so they sent me the full workup that has the all the details
of the project, the write up, the electrical all of that detail is
here, twenty pages here. How much are they how much do they want
to charge for it? So for that portion of it, it's about twenty
three hundred dollars. How much do they want to keep in general for not
for after you canceled? How much a total amount three three and sixty seven
dollars. Okay, you know you kind of look I don't like this idea,
but yeped in it. Yeah, you kind of did not cancel when
you should have. They had the three day right to rescind. What is
the other cost for? I see you have some cost for site survey and
stuff. What's the other cost for? So they've got four lines here that
are various. There's two there's Aurora design software and interflow proposal software, and
then an engineer design fulfillment and proposal fulfillment. And then they have charges for
the install agreement and loan document processing. There are another software. Yeah,
these these they're nickeling diamond you men, but yeah, you kind of yeah.
Look it can go either way. Did you actually pay them yet?
No? And how aggressive are they being? They actually haven't been that aggressive
yet. No. Well it's up to you, man. I mean,
I think that they're going to win. I mean that's my gut feeling.
You could play hardball and see do they really want to go to court over
this? I don't know. Yeah, you know, or pay or offer
to pay something and negotiate it is? There is there anything in a contract
about cancelation? That's what that's Yeah, that's what I know about the three
day I think it said any costs incurred, right, yeah, yeah,
can okay, And that's why they were justifying those costs. Yeah. Well
how long did you wait before you canceled? It was? Oh, I'm
not entirely certain it is, but I think a week and a half.
Only a week and a half. Wow, they moved fast if they did
all that, I want to ask another obvious question, why did you cancel?
It Just seems like I'm I'm taking on a very large loan. I
wasn't certain that this is going to do what it claims it's going to do.
As far as you know, replacing my electric bill, which concerns me
I'm going to get stuck with a cost I can't afford to pay. And
then on top of that, was I just am not I guess I'm just
still uncertain that solar is a good way to go. Well, solar is
an excellent way to go for some people. It depends on how long you're
going to be in the house and all of that a lot. It's not
for everyone. Yeah, so really that that part, and then tax credits.
I don't know, can you use tax credits? I might, That's
the thing that I'm even talking to my my tax person. Sounds like it's
a little bit fuzzy as to how much I do actually get, but it
sounds like I get most of it. Okay, Well, look, man,
again, I think you're going to have to decide this on your own
one way. I mean, look, you signed it, you cancel it
after a week and a half. Could they negotiate? I think they could.
Did you try to negotiate? You know? All I'm saying is it
could go any other way. I'm just saying that that at this point,
I don't know what can I say. I'm making a suggestion. Tom what's
that. Well, if he waits until they go to collections, the collections
people are going to be much more amenable to a settlement, you know,
because if they buy it for pennies on the dollar, they're going to settle
for pennies on the dollar, whereas the original company might not be as gracious
about it. Yeah, that's possible. That's possible. But it's a gamble.
So again, you signed it, you admit it, you canceled after
the three days they sent you, the information that they incurred costs. It's
it's up to you. If you're asking what I would do, Oh man,
I would explore the benefits of going through with it. I would.
I would. I would do some real serious due diligence and then weigh the
cost there three all three seven, one, three, eight, two five
five. Doug has a question about dissolving a trust. Doug, what is
it an irrevocable trust or a regular trust? Good morning, Tom, Yes,
it is irrevocable. Okay. The wife and I were we were snowbirds.
We had a house. We have a house here in Aurora and had
a house out in Arizona. We since divors trust is only a little over
a year old. Hey, we have retirement planning center. Guys, do
you ever deal with trust irrevocable trust for clients? If not, we can
find someone. You know, Let's call one of our estate planning at tw
her nies Katschina. Let's try to get either Kiel and Park. You guys
do a lot with Kiel and Park and then let's talk to Kiel and Park
or Dan McKenzie and we'll find out for you. I do know they're more,
way, more difficult than a regular trust. May I ask why?
And this is good for people listening. Why did you go with an irrevocable
trust? Well, my then wife she has family. I really don't have
family, and I was willing to go and with the irrevocable because I thought
it would be the best way to But why what? What? Tell me
what you had in the or what do you have in the trust? Two
houses, one in Arizona and one in Aurora, will plus are we had
some rental properties that we had owned and it just so you have a bunch
of real estate? Is that all you have in here is real estate?
Yeah? And how is the trust our bank accounts? What your bank accounts
are in there? Too? Yeah, what what did you have in mind
for this? So? So, I mean you don't even own your bank
accounts? And are they static bank accounts or do you still contribute to them?
You still contribute? And are you able to draw money out when you
need money? Oh? Yeah, pay bills out of and everything. How
is the trust written? Then? Is it written that it pays you cash
or how is it written? I have it right here? Maybe I'm mistaken
on the bank accounts, could be. I mean, usually when you put
stuff into an irrevocable trust, you get income from an irrevocable trust, Yes,
but you don't get to take principal out or any party any property out.
And technically cash in is property and cash out is property. So I'm
understanding anything. So your paychecks and everything, I mean everything goes into this
bank account inside and irrevocable trust. We're both retired. We were both retired,
okay, and it had all of our our investment accounts, they had
all that in form. So basically, wait a minute, are you saying
that every dime and asset you have is inside an irrevocable trust far as I
know it is? For what reason? Though? I mean, when you
did this whether you have family or not. What reason would it be in
an irrevocable trust? Were you afraid that creditors were coming after you? There
are very specific reasons for irrevocable trusts which don't apply to ninety nine percent of
the people. Well, that's all I know is that that's what was recommended
to us, that we do an irrevice by who by a crackerjack box?
Or who? Who? Wholly? By the company? It's called Safeguard Estate
Planning? And who is this so you called? Are they a local company?
They're in Arizona? And what reason did they give you for an irrevocable
trust? Oh, I don't you know. I don't remember now. How
how did the divorce handle it? Well, the divorce from we went through
the normal process of a divorce. And did you divide the trust? Well,
the trust wasn't really involved in it. I was told that who's the
trustee? Who's the trustee? What do you mean? Who is the trustee?
Who is the trustee of the trust? Who administerates it? Are you
the trustee? Is she the trust who's the trustee? It's going to be
her, my ex wife. You're talking about the beneficiary. Who's the trustee.
Right now, we are I believe we are, and everything goes.
Do you have any kids? You don't have anything, so you don't mind
everything you have going to her daughter. Well that was the problem. See
we came to loggerheads when once I discovered everything was, she wanted everything to
go to her daughter. And guess what split between her daughter? Guess what
my brother? Guess what? Too late? Who does it go to?
If it goes to her daughter and it's irrevocable, guess what that means?
That means it would all go to her and my brother. They'd split it
fifty to fifty. Where does it say your brother is part of it too?
Yeah? Okay, so you have two beneficiaries, correct? And does
it state fifty to fifty? Yes? Okay, So why would you want
to hold on? We got to get an attorney on. You've made so
many mistakes I can't even begin to count them. So let's see how we
unf it up. Go with a sure thing Denver's Best roofer Excel roofing dot
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the real estate man dot Com to list your home with Remax Alliance three oh
three nine two zero sixteen twenty two. Hi Tom Martine, you're troubleshooter.
Three oh three seven one three talk three oh three seven one three eight two
five five. Dan McKenzie is on he's an estate planning expert and or he's
an attorney and and Dan, I want to ask some general question before we
get to Doug here, and what is the main reason people start irrevocable trusts.
There's really two. One is to get assets out of your name for
some tax growth outside of your state, if you have an a state tax
issue. And then the other is for asset protection, to get assets out
of your name so if you get sued you don't lose them. Both of
those require iravocal trust because if you can revoke it, the irs and the
courts are going to be like, well, that's still your stuff because you
could just undo this. Now I'm going to give you a scenario, and
I don't think it was apropos in this case. But Doug and his wife
started an irrevocable trust. The beneficiaries are his brother, which is his only
family, and his wife's daughter, not his daughter, her daughter. So
when they go, I guess these two get fifty to fifty. Now here's
the problem. Doug and his wife divorced. He said the trust was not
part of the divorce because it's already written and is a separate entity. So
now he wants to dissolve the trust. But you haven't said why Doug,
why do you want to dissolve the trust? Well, we both wanted to
dissolve in my ex wife and myself. Why and why Well, because the
houses are in the trust. And she went down to pay the taxes on
the house out in Arizona and they told her that it's in the trust and
that she needs to talk with an attorney. It's not like they didn't take
the money. They took the money, but once they found out she was
divorced, they said she needs to get that changed, get what changed to
get get the house out of the trust. Well that's not true at all.
That's just not true at all you two both put the house is the
house paid off? Yeah? That house is the one in a Laura isn't
okay? How many houses in total do you have in the trust? And
we didn't have the rental property in the trust, so you have two houses
in the trust. You have bank accounts? How many bank accounts are in
the trust? Savings and checking for each one of us? And accounts and
investment accounts. I've never heard of such a weird thing. So you guys
are divorced. So when you want money, you write checks out of your
account and she writes checks out of her account. That's right. And when
money is deposited, it's deposited in those accounts. Yes, you know you're
not obligated to deposit your money in those accounts. And if it was me,
I would no longer do it. But anyway, look at it.
I might be given advice out of school here. But Dan McKenzie, attorney
at law, can you see have you ever heard of such a thing with
everything? They have a trust irrevocable? I guess, but I when I
have encountered it, I had the same response you'd have, which is,
I'm not really sure this was necessary unless you were doing it again, like
sometimes you will put real estate in the year of vocal trust so that all
the game that happens after they do that is outside their estate. I don't
know if that was a motivator here. I doubt it. He has nothing,
I mean other he'd never mentioned anything outside of the trust. He said
everything they have is in the trust. How much is what's the value of
your investment accounts hers is? I think one hundred and eighty thousand in mind
is just a little over fifty. Yeah, there's nothing, man. So
let me ask you this. If you wanted to take twenty five grand out
for a vacation, could you do it? As far as I know I
could? I mean, Dan, can they just willy nilly take things in
and out of a trust as they feel fit. If they do, it
might undermine whatever purpose there was. So if you were doing it for assets
protection and taxes, and you were just taking the money back out and you're
the trustee and there's no constraints on you, I'm in the irs is going
to swoop in and say this is not outside your estate, this is still
your money. So well, and they didn't do it for any of those
reasons, Dan. They didn't do it to protect themselves from a state tax.
They didn't do it to protect themselves from creditors. They only did it
to pay fees to that company that talked them into it. It was it
was marketed to us that that was the best way to protect our property in
case the death of both of us. But okay, there are so many
other options. I don't want to get into it. I have a feeling
this company ripped you off. What did you pay them for this? Just
five hundred? That was it? Not another time? They don't administer it,
Nope, there are no fees paid. There are no fees paid,
Nope. In fact, it's hard to get in touch with them. So
we can say, Okay, Dan, I got to take this break.
But Dan, I'm hoping you can tell us how they get out of this.
If they can hold on, go with a sure thing Denver's Best Roofer
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durand the real estate man dot Com to list your home with Remax Alliance.
Three oh three nine two zero sixteen twenty two. Hi Tom Martino, your
troubleshooter three oh three seven to one three Talk Dan mackenzie. How do you
get rid of an irrevocable trust? Well, it really depends on what the
trust says. It sounds like Kim and his ex wife are the trustees of
the trust, So it sounds like they're able to dip in and take out
money with really any constraint. So if that's the case, maybe they can
do that. I guess I'd just be a little bit concerned if there's any
you know, who's supposed to receive that money eventually. If they do that,
I guess those people could those people protest potentially? Yeah, potentially.
Okay, So here's what I want to ask, Doug. What will the
trust? What will your brother say and her daughter say if you guys want
to dissolve that trust right now? I talked to my brother this morning.
He said he's fine, And what about wanting to my stuff? What about
her kid? Now that I don't know, well, I'm going to tell
you you. Are you sure you two are in agreement with this. Yes,
we both want to dissolve the trust so we can go our separate ways
and not have any any of that. And here's what you do to us
that it's best to it's better to have a trust than it is to have
a will. Well, they're full of crop. Okay, in some cases
that might be true. Listen, whatever they did, they did you wrong,
Okay. I don't care what you say. There's no way in the
world you were a candidate for an irrevocable trust. You have nothing. You
have in the world of the States. You have nothing, Okay, truly,
and it's weird there was nothing to protect. I suggest you. I
suggest you listen. Man, call Dan McKenzie. First, have him go
over the trust document. That is your first step. It's your first step.
Then he can see the most painless, quick way to do it.
It can be done if the plan allows for it, and you don't get
a lot of objection. Eight three three COO plans eight three three co plans.
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don't pay a cent until you're contenth time for an insurance check up free,
no obligation. In comparison, call Compass and Durance. Pay too much your
coverage at dozens of insurance companies. Find out now three oh three seven seven
to one help. You'll think you're his only customer when you choose Frank durand
the real estate Man dot com to list your home with Remax Alliance three oh
three nine two zero sixteen twenty two. Yeah, rip news. You need
advice? Who you don't have? Come run in sioutass can Shooter's gonna help?
Come man, This is the Troubleshooter Show. Now Tom Martino, Hi,
Tom Martino here, Welcome to the show. Three oh three seven one
three talk seven one three eight two five five. Waterpros dot net the best
water systems, the lowest prices, whole house systems that are around thirty five
hundred. Listen. I know, I harp a lot about water and health
and supplements and all that because water is the number one nutrient in our that
we take in and also for laundry, pipes, plumbing. Paul Thewaterman.
That's waterpros dot Net three oh three eight six two five five five four Brett,
I'm not sure what you're commenting on Mexico. Did we talk about Mexico,
Red hey Man, did we talk about Mexico? Yes, yesterday you
talked to a gentleman that wanted to do Oh hold on, I know,
hold on. Let me recap that some guy called in with stage four cancer,
an aggressive form of prostate cancer came back and in his lymph nodes,
and he wanted to know what what about these? Should I? He said,
should I go to Mexico? Well, that's a loaded question. We
had a doctor in from Grossmanwellness dot com and and he said, look,
I can't tell you whether you go to Mexico or not. And and then
that was the comment. And he talked about some pills and special diets and
all of that. Go ahead. Yeah, he's he's on the wrong.
I had a brother in law that had this went to Thanksico for this treatment
many years ago, and he came back in a pine box. It doesn't
work. It's just a scam. Well, Mexico takes so many people from
America on not just cancer treatment. Do you remember the old leatrill Do they
still even do? That? Was it from Peach pits. Do you remember
that, doc Leatrill. Yeah, it was supposed to kill cancer, but
it was a poison and then so it was like anyway, there's all kinds
of treatments that pop up around the world for people to go to. They
do a lot of dental work. Now there are a lot of people go
down there for dental work that swear by it, but for major dental work.
Well, remember you had a deputy that went down there and he had
a horrible result. I know, yeah, that's bad. Yeah, did
you get so your brother? What was the treatment? Do you remember it
was? I don't well it was the same saying he's talking about the holistic
whatever. And you know, they promised, they promised life. Three weeks
of treatment, they he'd be cured, and he didn't even live three weeks.
He just he wasn't that bad when he went down there, but he
came back in a fine box. I'm sorry to hear that. Thank you
for calling in appreciate it. Marshall. What's going on with you, Marshall?
He there, Marshall, Well can you hear me? Yes, sir,
already. So I got this truck from my dad recently, and the
ninety nine Dodge Ram fifteen hundred. Now, when you say you got your
dad gave it to you, he gave it to me. Okay, so
right before he passed away. So anyway, I ran into a situation where
I decided I was going to go see my mom and take a sixteen hundred
mile drive in it, and all of a sudden I ended up powerless in
Iowa? How many miles on this truck there are? Let me, I'm
sitting right here in the cab. So ninety eight thousand, five hundred and
eighty eight miles. No, there aren't no, there aren't no, yes,
sir on in ninety nine, Yes, sir, he never turned one
hundred thousand miles on that car. I put eight thousand on it in the
last few months. Okay, so actually more more, he hardly drove it
then, huh. Right towards the end of his life he didn't drive much
at all. Okay, So what is your question? So basically, I'm
sitting here looking at a letter that says this letter is to inform you that
the warranty period on your vehicle's catalytic converter has been extended to ten years,
one hundred twenty thousand miles or until twelve thirty of two thousand and six,
which ever is later. So oh on, it's from the Daimler price.
You're not going to get You're not going to get that catalytic converter covered on
a nineteen ninety nine Dodge. Did you listen to what I said? Yes?
I did. I heard every word and you said, whichever is longer
one hundred and twenty thousand miles? I heard it correct, And I'm going
to say this again. You're never going to get it covered. Oh I'm
going to get it. Okay. I just figured maybe you would have some
press up your sleeve. Now I'm going to ask someone about it. I'm
not going to let my pessimism discourage you. I'm going to get you.
I'm encouraged by your pessimist. Okay, good, it challenges you. That's
good. Let me tell you why they're going to challenge the idea first of
the mileage, and then what they're going to do. You know, first
of all, one hundred and twenty thousand miles, and I've heard of the
time limit expiring and not the read that again, and I'm trusting you that
I will read it in two different forms in the same letter, there was
there was a tear off, there was a warranty adendum. Yeah, so
this first sentence here, and I'm skipping the bulk of it, just go
ahead, but this letter is to inform you that the warranty period on your
vehicles catalytic converter has been extended to ten years, one hundred and twenty thousand
miles or until twelve thirty two thousand and six, whichever is later. And
they go on to describe the was this letter in the glove compartment. It
was in a folder. Okay, so now it looks like it's it's been
passed around an office for a few weeks. But at the bottom and their
their catalytic converter warranty coverage addendum. They reiterated, and I was a little
concern learned initially in the first sentence there was a slash there between between ten
years or one hundred and twenty thousand miles, And then I read it down
below it says to ten years or one hundred twenty thousand miles, whichever is
later, from the warranty start. Here's what I think they mean by later,
is the date not the miles. Well, it's no, that's not
true. Does it say later or does it say longer? Sir? What
does it say later or longer? Says later? Up top and it says
it says ten years or one hundred and twenty thousand miles whichever is later from
the warranty start date of your vehicle, and that says date to me,
does it go ahead or one year from the date of this letter or two
years from the date of this letter if you have failed a California smog check
or another state inspection, so okay or another it's about there there, and
that letter was sent, that letter was sent, when that letter was sent,
when sent to December thirtieth, two thousand and five. Okay, So
it is beyond that second part you're read. It's way beyond two years since.
But it's constantly saying whichever is later, And that's right. I get
it when it says whichever is later. And listen, man, I know
you want to prove me wrong, and I applaud you for it, but
I'm not wrong. Whenever they mentioned dates and they say whichever is later,
it is the later date. Mileage is not referred to as later. It's
referred to as longer. Goodbye. Three oh three seven one three talk seven
one three eight two five five. Here's what I have to say to Marshall.
Go get it covered. Go on, go get it covered. You
won't get it covered, all right, you will not get it covered.
It's logical. If it's said whichever is longer, you might have an argument.
What it says is from this date to that date, and it has
in PARENTHESI or whatever one hundred and twenty thousand miles whichever is later. It's
talking about a date. But go ahead, and I want you to call
me back when you get it covered with proof of coverage. Okay. And
if you do, if you get that replacement covered, I will buy you
a steak dinner. You hear me a steak dinner. I want proof of
it. Wanda? What's going on with you? Wanda? I come,
what's happening? I am calling about my three nieces. The oldest one has
been declared mentally I'm incompetent crazy, But now she did have a court ruling
of incompetency. No, not a court rulingta medically. Okay, well there's
a little difference there. Okay, go ahead, what so tell me about
it? What's going on? So the second, the middle sister currently has
power of attorney and medical proxy and she did get okay, she got power
of attorney for her sister. Yeah, and she was living with a sister
in Arizona. Since then she has dropped the older sister off with a younger
sister in Illinois and she's been staying here or staying on. Okay, So
one sister had power, has power of attorney and wants to transfer to another
sister. Yes, and we are not exactly sure how we go abal oh,
okay, let's and medici and okay, okay, good question. What
kind of power of attorney was it? I know she's in charge of everything?
Okay, A durable power of attorney? Was it called? I said,
I don't know, tom okay? And when was her bank accounts everything?
And when was it issued? The power of attorney? About four four
or five years ago? And was it done voluntarily by her before she was
declared incompetent or by the court. I don't think the courts were ever involved.
So if she wasn't was she incompetent when she signed it? Yeah?
Well then how could she grant power of attorney? I don't know. I
don't think it's okay, that's why I was asked. I know it was
done. Maybe it's through the Social Maybe it's more medical proxy, because she's
like, you know, her representative for Social Security. Okay, and no
one, no one questions it. Right, that's the most important partner.
Okay, yeah, no one, no one questions it. Okay. She
she's ready to turn it over to her younger sister. I get it.
Yeah, okay, So it's not like we have to even prove it anyway.
We just have to transfer hold on and we'll get an attorney to talk
about this. Okay. Uh, let's get let's try to get Dan back
on three oh three seven one three eight two five five. Go with a
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now three oh three seven seven to one help. You'll think you're his only
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home with Remax Alliance three oh three nine two zero sixteen twenty two. Hi
Tom Martino, your troubleshooter three oh three seven one three talk three all three
seven one three eight two five five. Now did we get our attorney is
the avail? He's not hold on. He is not available at all today.
I've called all of them and they are not able at this point.
So we could book her for later and I could try to make that we
We just had our attorney on earlier about estates and about legal stuff and transferring,
and neither Mackenzie law or kill and Parker answering at this point. But
we will get your answer for you and call you back for sure. You
want to know about transferring power of attorney. Now here's the complicated part,
okay, and this is why I want to ask an attorney. Under normal
circumstances, it would just be a transfer with the principle doing it. But
the principle is incapacitated legally, or I think she is, although although like
if you if you wait, wait, if you she hasn't been ruled incompetent
by the legal system, I think right. But let's just explore this.
So for example, if you talk to her right now? Does she know
what's up? Yes, she has much better. Now, what is incompetent?
When you say she was ruled in what does that mean to you?
Well, whenever she first got sick, I mean she literally was basically kind
of out of her mind. Who ruled her incompetent? Who said she is
incompetent? Medical? What's medical mean? What does that mean? Medical?
I don't know anyone named medical doctors. Okay, there was literally a doctor
who said she is incapable of handling her own affairs. Yes, okay,
are they still saying that? Well, she still meets with them all the
time. You know, she has appointments with them, and you know they've
controlled a lot of it with medications. And what are what are they controlling?
What is her condition? Oh god, she was having seizures really bad.
She was actually an alcoholic. And then okay, I get what you're
saying. Okay, so right now, here's what I'm thinking. And this
is not legal advice, But if this was my sister, what I would
do is this, She's never been ruled incompetent. She could go out right
now and buy a car if she wanted to write, I suppose there's no
court document saying she can't buy a car. She okay, there's nothing saying
she's incompetent. There was just a time, right other than the doctors.
The doctor never filed. This was an opinion of a doctor at the time.
It was a snapshot. It wasn't a declaration. There's a difference.
You know. There's many times a doct will come out and say, oh,
she's out of it, she can't handle anything. You better help her
out. But no one did anything. They just got a power of attorney
and she signed it. So do you get the sister that's in charge of
everything. She keeps saying they have to go into social Security to get it
transferred. Nobody as social Security gets anything. Social Security does nothing. I
don't even understand what that means. Well, I guess social Security can designate
another person as their proxy. No, the person designates them, social Security
doesn't designate them. Well, okay, same thing. But so so your
sister. I know what happened. The two sisters went into social Security,
right, No, just the one, just the one and what did you?
Oh? Well, the one okay, yeah, the one that is
mentally impaired, and her sister went into Social Security. Well, guess what,
they would have never transferred, They would have never made a designee.
If that sister was incompetent, that person at Social Security simply designated someone because
your sister had to have communicated that that's what she wanted. So somehow,
somehow, when they went to Social Security, your sister made her desires.
Non. So this is what I'm asking. If your sister, the so
called incompetent one and the other one, if they both go into Social Security
today or tomorrow or whenever, would that sister have the capability of saying,
I want to designate someone new. Yeah, then that's what you do,
okay, because really that's what you do. That's what you did before.
There was never a court case that the Social Security doesn't meet with people and
say, oh, yeah, I can see what you say. She's looney.
You can be the you can be the designee because they don't know that
that looney one wants the person in. So if your sister went in and
she truly was looney, and she said and she was there, blah blah
blah blah blah blah, and the other sister says, I'm going to be
your designee, Social Security would say, how do I know that? Where's
your court document? They would never do it. But if both sisters went
in and one is frail and weekly, and she says, I'd like to
designate my sister as my designee, and the sisters there, they would process
the paperwork. That's exactly what happened. Now, what does that mean?
Where is where is our sociuity check being sent? That's the question. No,
it isn't a It doesn't even matter to me where it's being sent.
It can be sent. What matters to me is how the designation was determined.
It was not determined by court. It was determined by an appointment.
So anyone can do that on their own. I could go intoday, I
could go into today and make Doc my designee for everything Social Security. I
could not go in with Doc if I was not speaking or in my right
mind. They would say to Doc, sir, where is your court paper
work? This person obviously doesn't know what they're doing, so it's going to
be easier than I thought. Your two sisters go to the new Social Security
office where she lives, and she says, I want to take this sister
off and make this sister my new designee. That's it. I don't see
why it doesn't take anything. Had it been court appointed, it would have
been a different story. Then. As far as where the check's going,
who cares? I imagine the sisters getting the check to manage it for her
sister. But that's up to them to work out. Three h three seven
one three eight two five five. What's going on, Cynthia? What's happening?
Hey, I'm sorry, I'm in lin at walmart I No, you're
okay. Let me get out of here. I have a question, and
I don't know if you could say or not. And I've listened to you
for years and years and years were okay, but my husband, thank you.
We're about to celebrate our twentieth anniversary of meeting each other, and I'm
just trying to do something special. And he loves he loves old land cruisers.
So he's not really a car guy, but he loves these old land
cruisers. He had women when he was young. It was a seventy two
if you know what I'm talking about. Okay, So you're looking to surprise
him with a day or a lifetime. You're going to buy it or do
you want to rent it? No? No, no, no, no,
no, no, not by but we'd like to rent. I would
like to surprise him and rent something. I have no idea how to find
something like that, but it would absolutely thrill him. And so I know,
you know, like a ton of people. So I've got to reach
out to the start. It's called class This is not the name of a
company, but there are classic car rentals. How Ever, I don't know
of any still in business. But there is one I think still in business
called Exotic Drives of Denver. I think I haven't looked them up in a
while. Exist they might know you might call it. But here here's what
I'm hearing. Okay, when I looked it up online that exotic cars are
drives, I'm sorry of Denver. And it has five No, it has
six stars, for God's sakes from YELP. Now, as far as I'm
looking for others for classic, what year would this car be? He likes
the seventy two, But you know, I'm not going to be super picky.
These look more like like sports cars. But I would start there.
Those people would know a lot. Oh. Another one is Street. Although
they're a dealer, they're not a renter. A street dreams, but they
might know anyway. Exotic, I'd start with Exotic Drives of Denver, and
I have the number here seven seven to zero two nine one seven three six
one. Now there is something else called have you ever heard of the peer
to peer rentals? Oh? Yes, I have, And I was kind
of one of the reasons I was calling because I thought maybe someone would hear
me and be willing right, and if so, you leave your number,
we'll get we'll definitely pass out on. There is there's something called turow.
I believe that's peer to peer. It's kind of like when you go to
a city and you want to rent a car. You can literally rent someone's
car, and there might be people on turow that have older cars to rent.
I'm not sure. Listen, I would start. I would start networking
with Exotic Drives and Thenina get her number and if someone calls or Shannon,
thank you. If someone calls and says, hey, we have an old
car, we know where to rent one, then we'll pass it on.
Three O three seven one, three eight two five five Go with a sure
thing Denver's Best roofer Excel roofing dot com. You don't pay a cent until
you're content. Time for an insurance check up free, no obligation. In
comparison, call Compass Insurance paying too much your coverage at dozens of insurance companies
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his only customer when you choose Frank durand the real estate Man dot com to
list your home with Remax Alliance three oh three nine two zero sixteen twenty two.
Hey, I'm Tom Martine, your troubleshooter three oh three seven one three
talks seven one three eight two five five. All right, let's talk.
I want to go back to Cynthia. Guess what we found something here?
Oh? You did? The actual car jaris over here, Hanson. He's
with Retirement Planning Center. Rockies found a site. What is it? Jarrifs
turn your mic on there? Bro driveshare dot com, Tom drive share and
what is it? What is drive share? I don't know. It looks
like a place where someone can list their car for rent. A classic car.
Found the exact Toyota Now, not the exact it's a seventies land Cruiser.
You can go there and just search by making money likes, Right that
land Cruiser yes, yes, the one that looks like a jeep. Yeah,
you know what I mean. In other words, it's more of US
Afari type vehicle. It's not it's not the new land Cruisers right right,
right, several times, and that's what he wants to see. And I'm
looking at the elephants and he's looking at the cars and so yeah, okay,
so jaris that this is rideshare? What does she do to search for
that? Just driveshare dot com. There's a there's a rent a car option
on that website. And when you go to the and when you go to
the rent a car, how'd you find that particular Toyota landruser. You can
you can filter by making model filter through the list, and there it was
on the list. There. They're all over the country. It looks like
I'm listening. I'm no expert in this. No, no I know,
no, no, he just I know. But you happen to find So
let me ask you this is it is that particular one listed as Denver?
Uh? Yeah, it is Denver, Colorado. Does it have a price
on there? Twelve fifty a day, twelve hundred and fifty, Holy crap,
pricey one. There's a lot less expensive one elsewhere other states. Bit,
yeah, there you go, so, yeah, let us know how
it goes. That is so cool. Now, Kevin's got a comment on
a house bill regarding water. Maybe I don't know about this one, Kevin.
Is this a state or federal? Yeah, it's a state house built
twenty four dash thirteen forty four. Okay, I want to run. Can
you say that again? Twenty What is it? Twenty four dash one three
four four one three four four Okay? What is it? Well, it's
it's about backflow testing, and what does this say? The State Plumbing Board
is trying to make it so that normal backflow testers have to be licensed plumbers,
which is going to put a lot of people out of work. Is
that entirely? Is that entirely a bad idea? Now? I know nothing
about backflow testing, but it sounds to me like it's where sewage can meet
fresh water. No, yeah, or chemicals, just anything bad that could
get back into the drinking water. So tell me and we'll be through why
or how a test is done or how this is done. So you you
put a gauge on it, it's kind of like a lot of a lot
like the gauge on an air conditioner. Yeah, it was like that where
you hook the cables up and you know, the two don't and you don't
break the line. No, you you just hook up to it and make
sure that the check the check balves are working and the release valve. You
know, you just make sure that it's doing its jobs. So it's it's
a pretty simple Well it's not simple. It's it's kind of complicated. And
testers are important because they test these every year to make sure that they're working.
But uh, and you know there's there's not enough plumbers to take over
all this work, and they're trying to make it so that you have to
be a licensed plumber and if you're not, you could a test or could
get a thousand dollars fine for not being right. Now, this is just
this is a bill, which means it's it depends on who has the stronger
lobby. Yeah, so supposedly it goes into effect on July first. Oh
it's already passed. Yeah, like it went under the radar, Like they
never posted it anywhere, they never notified anybody. They just tried to Now,
do you have to be a master plumber? Well, I think it
says licensed plumber. Okay, got it? Okay, yeah, so you
have to be licensed? What now are you? Are you in the business,
Kevin, Yeah, I am in the business. So it affects me
a lot. What do you do in addition to in addition to checking these
backflows? What do you do? I make sure that they're compliant with the
CDPH, the Colorado Department. No, but I mean, is this all
you do? Is this your main business? It's my main job. Yeah.
Oh man, holy crap. Well how hard is it going to be?
How hard is it going to be for you to be a licensed plumber?
You need a a license plumber. You'll also have to have a master
above you that you pay a fee to and you have to work a certain
number of hours for like four years. Oh no, oh yeah it's hard.
Yeah, it's ridiculous. No, no, no, you don't.
You can be an apprentice, can't you. Well, yeah, but what
about all the testers. I'm not actually a tester, but there's there's thousands
of testers out there that are going to be put out here. If you're
not a tester, what are you, I'm a I'm a water purveyor.
Well, how does this affect you? Then I mean you said you're you
just said you're not a tester, so you're not going to be affected.
All the testers they have to give me their reports and then, oh,
I say, so they make the testers work for you. We work for
businesses actually, and then I just make sure that they're compliant. Okay,
won't You still have plenty of people you don't have to be licensed? Do
you to make sure they're compliant? I don't, but I'm not going to
get the test reports if okay, if they're all out of business, yeah,
they're all out of business, and you know where they're already behind.
So this is just gonna make it worse. So and not only this,
but think about this. How much more is it going to cost consumers?
Yeah, it's going to cost the double. It's going to cost businesses double
or maybe who I was just going to ask that, who is it?
Who is it that has to have back valve valves tested? Who is it?
Businesses? Restaurants? Every business? Okay, every business? This is
amazing. We need to get a stay of execution. Well, Kevin,
I don't know how you do that, but I am going to look into
it. I promise I'm writing it down here. I will look into it
and see what the heck's going on. Go with a sure thing Denver's Best
roof of Excel roofing dot com. You don't pay a cent until you're content.
Time for an insurance check up free, no legation comparison call Compass Insurance
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three seven seven to one. Help You'll think you're his only customer when you
choose Frank durand the real estate Man dot com to list your home with Remax
Alliance three all three nine two zero sixteen twenty two. Hi Tom Martino,
your troubleshooter three all three seven to one three talk seven one three eight two
five five. I was just reading to RP Center this guy that invested in
a in a fund and he even can you explain, first of all,
Josh or Jerish either one? No? No, I mean I didn't mean,
I meant either one, the better looking one. How about that?
I would like to know what a private fund is? Okay, Really,
people are presented with private funds all the time, and they're not necessarily for
everyone, But what are they? In general? They're there are private note
funds and private equity funds and private this fund and that fund. This one
happened to be a private fund, and it was for it was a fund
of financing other financial endeavors. But what is a private fund real? Simply
put Tom, a private fund is just something that's not publicly traded. It's
it's issued by an issuer, you know, to a specified number of people,
usually to a limited distribution. So you and I may not have I
can't speak you and I might not have access to it unless it's a specific
person. But you guys have gotten me in a private note fund before and
it made me a lot of money. Right, But you were very careful
in saying this is a private fund and it's legit meaning that it was established
legitimately in all the ropes or all the hurdle spot they're not actually registered,
they don't have to report or how does that work? Now? What we
had you and Tom was actually a structured note, which is what it's a
publicly available. Oh it is public, Okay, that's not about one?
Is this not private? Private? Like Josh said, is correct. It's
it's something that you can't buy through in exchange. It can't go to the
meeting. But do they have regulation? Oh yeah, absolutely, I mean
I mean they have to. They still are covered by the Anti fraud and
the and all of that crap. So they can't just offer you like rainbows
and unicorn, right you when you're in a private fund, somebody wants to
know. They're looking at their private fund that they put money into a quarter
of a million dollars and the nav is net asset value is valued independently now
at like six hundred thousand. Does that mean that his investment actually grew that
much according to an independent value? That's correct, the current value essentially,
and that has to be done by an independent party. Now, when there
is a liquidation event, if he makes all of that money, is that
immediately taxed or does he it's not a qualified fund, it's just an investment.
Are you taxed every year on your amrrior trades and your schwabs in your
are you correct? Yes? If it's an after tax account, whenever you
get a ten ninety nine on that correct, Yeah, So that'll be a
big hit absolutely. Now depending on how long it was held. If it
was more than a year, it'd be a long term capital gain. And
that's different than ordinary income, way different. Correct, Absolutely, Wow,
Okay, so the answer to him is he does pay tax on that in
that year. Yes, okay, we got more coming up. Any questions
you have Rpcenter dot com or Retirement Planning Center of the Rockies. I'm Tom
Martino, and problems, questions, complaints, anything you got, give it
to us at three h three Martino three oh three six two seven eight four
sixty six or seven one three help. That's what's seven one three Go with
a sure thing Denver's Best roofer Excel Roofing dot com. You don't pay a
cent until you're content. Please time for an insurance check up free, no
obligation comparison call Compass Insurance paying too much your coverage at dozens of insurance companies
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Ripped of news. You need that so you don't have come runnxious as we
can. Shooter's gonna help come. This is the Troubleshooter Show No Tom Martinez,
Hello Tom Martino here, Welcome to the show. Three oh three seven
one three talk three oh three seven one three eight two five five. It's
really hot out. If you need someone to look at your AC and an
honest assessment with no exaggeration, truly good people eight eight eight heating dot com
three oh three seven seven zero two seven seven six three oh three seven seven
zero two seven seven six Welcome. So we have Josh with us from Retirement
Planning Center of the Rockies. We talked to touch a little on retirement and
investments and our financial lives, and we're also talking to you about problems,
questions and complaints. And one of the complaints we get a lot of a
lot of when it comes to airlines. Are there better airlines and worst airlines?
And do you ever do you ever avoid an airline? My contention is
that most people buy tickets based on price and when they're going price, and
when they're going they find, when they want to go, when they want
to leave, and the price. I will venture to say that very few
travelers actually pick airlines. I really don't believe they do. I think there
are some with loyalty programs that might want to gain miles, so they pick
one because they have so many miles. But I think, normally, what
do you think, Well, I think people will do what I usually do
is I'll let's them going to Miami on Thursday, y or whatever, okay,
or go or in three ways. Right, I'll go on the Frontier
and I'll look at the time and the price. Then I'll go to Southwest
and look at the time and the price. And you're right. But I
don't just go to one airline. I think everybody looks to see or they
go to an aggregate site. Yeah, I think most people don't do that
anymore. I think they do. You really I want to I want to
hear. I want to hear. I want to hear. I think most
people maybe they don't. Maybe I thought they'd go to Expedia or somebody or
somewhere. Well, you don't have Velocity and just put in times and dates
and see what pops up. Well, you know, Southwest is a huge
then for base airline, right, and they don't they don't go through third
party services. Sure, the absolutely positive. You can only go book it
on Southwest dot com. So here's the deal. When you are looking for
an airline ticket tickets and you want to go somewhere, do you compare and
go buy price and schedule? Of course you do. Now, if two
have the same price and relatively the same schedule, you might pick one airline
over another. But I don't know of anyone who says, oh, I'm
never flying Frontier, or I'm never flying Southwest, or I'm never flying United,
although it's come close with Frontier because of how they have left people high
and dry in areas with cancelations and stuff like that. But hey, Josh,
out of curiosity, when you travel, do you select airlines or time
and schedule and money? What do you do? Uh? I'm pretty strict
with the airline you are? I am? I'm a Southwest guy? Oh
come on, I am. Why it's this convenient? It's easy. I've
traveled with him for years and years. So you actually like you'll go out
of your way to you Southwest? Absolutely? Oh? Well, then that
proves me wrong right in this room I did first time? Ever? No,
no, I don't. I would like to jump on and say that
he will not fly Frontier. Who wants to Fuller? Oh? Fuller?
Okay, where is he John, I'm a Southwest guy. I will not
fly Frontier period. But are you but wait, wait, wait though,
when you say Southwest, are you a Southwest guy or just other than Frontier?
No, I'd say probably. I'd fly probably twenty five flights a year,
twenty four of them are Southwest. But is it because of price,
John, and convenience? Well? Yeah, price and convenience, But I
don't. I won't choose a different airline over ten bucks. I mean,
okay, I am loyal to a degree because I understand the travel. I
understand everything I have. You know, I have priority on that airline and
stuff, but I do on other airlines. But my my first choice generally
is going to be Southwest. And you know, and and when you're going,
John, do you go on Southwest to look and then go on other
sites and look or how do you compare? No? I won't. And
the reason why, Tom is because I you know, I sometimes have to
change plane tickets with not a lot of notice, and I can do that
on Southwest with no penalty, and other airlines don't have that feature, and
so you know, it's just a convenience thing. I know what I can
do on Southwest if I need to change something, I change it and move
on and I never get penalized for it. I've tried other airlines. I
have, you know, status on American airlines, but you know it's it's
twice the money for the same ticket. So do you get anything better on
American than Southwest? In my opinion, no? Okay, So you know
you have to travel a bunch of them. For the average person that travels
once a year on an airline, I don't think they could ever tell the
difference between one and another price rules, but if you spend a lot of
time on them, there is a difference and you end up liking one over
the other. Do you know who got the best ratings as far as number
of complaints per passenger hour or passenger mile. I have no idea has the
best record. Yeah, that's not surprising. Alaska's neck. Yeah. Now
what's amazing is Southwest? Oh yeah, south West does very well. Holy
crap, they do very well. Actually, In fact, what they did
was they did what they called premium airlines versus economy airlines. I don't know
how they made that breaking point JD Power, but JD Power says, as
far as the best economy basic economy. Airlines Southwest is actually number one,
and guess who's the worst for complaints when when it comes to here that you're
you're exactly right. Hey, John, do you think that now that AI
is going to solve a lot of Frontiers problems? You know? I forget
who it was AI and wa, Well, I'll tell you you can't talk
to a person at Frontier. We've all experienced. Yeah, customer service sucks,
but it goes beyond that. Lesson, AI go on and replaced the
seats. I don't think so well, I did some I forget who I
called up the other day, and you could tell it was AI and the
woman's voice. There was a woman that was using AI and she told me
everything and it was really as if I was speaking and it was no,
No, I know they're incredible. Hold on a second, I want to
I want to talk to uh Andrew, Andrew, you have a comment?
Go ahead? Yeah, A couple things, uh uh yeah. Google flights
they list them all And I hate to say it, but Doc was right,
but but Southwest is now and so Southwest is now what wait you cut
out? Southwest is now what? Listing on Google flights? Okay, Okay,
So what do you what do you fly? Uh? I was pretty
loyal to Southwest for a while, but lately it's been United And is there
a reason? But I don't. I don't fly. I don't fly a
lot. Yeah, it's it's price and convenience, and yeah, I don't.
I do not stay loyal to an airline except I will not fly Frontier.
No. Seeah, I I haven't flown Frontier in years, and and
I hear bad things, but they're the worst, the worst ever. Thank
you, Deputy Chopper. What's your comment? Go ahead, Tom, I'm
a former F nine employee, which is Frontier. I wouldn't fly them.
I only fly Southwest. What did you do? What did you do for
Frontier? Oh? I drove the electric carts up and down the Uh.
Uh was that after? Was that after your career as a police officer?
Yeah? Okay, so it was. So what did you not like about
it? Oh? They didn't like me, so it kind of became mutual.
But what kind of stuff did you not like? Hey, their employees
only worry about one thing, get the flight out on time. They were
never kind or cared about customer service or anything like that. I fly Southwest
because of the change piece. They don't have any and I like to change
my schedule and everything, and that's my main reason I fly Southwest. All
right, thank you, Deputy Chopper, he say, Southwest. And here's
the deal. I've heard. I've heard nightmares about Frontier stranding people and not
having other flights and all of that, and I've just heard nightmares about it.
I've also heard there's only one thing about Southwest that bothers me, only
one thing in fact, all airlines what bothers me is they load from the
front of the plane, which is stupid. They should load from the rear
of the plane, or they should load the rear seats first going forward.
You can't do that with Southwest because if you put the seas in there first,
they're going to all take the front obviously. Now here's the other thing.
Here's the only problem. Guess what it is about Southwest that I'm like.
It's just one simple thing and they don't do anything to stop it,
and that is saving seats. It's just wrong. You get John, I
don't know if you ever came across this, but you'll get a guy that
pays for a priority or it gets one and I had one guy, there's
like six seats, and every time I went to one, oh no,
that's saved. And I said, what are you talking about? Saved?
Screw you? I mean, but the attendants don't do anything about it.
They let you put a book on there, they let you take any seat
you want. So one person could literally save ten seats, John, did
you notice that? Ever? I have flown on Southwest many many, many,
many many flights, and usually it's a guy trying to save a seat
for his wife or something he probably don't want to sit next to. I
don't care about one seat. I don't care about one by save ten seats.
Ever, I've seen people always the first guy on the plane too.
So I'm in the first five or ten people. How do you get to
be the first five or ten on the flight? I want to do that?
You fly an awful lot. Can you buy that position? Yes?
You know what, Yeah, you can buy it. You know you can
buy one. You can buy one to fifteen, I think, right,
right, Yeah, but that's a one through fifteen. You're the first,
you know, fifteen people getting on the plane and it's first come, first
served. Yeah, John, don't don't you find that the best seat is
that exit seat where there is only two seats and you have a huge amount
of legroom in front of you. I mean I pay forty bucks to get
that seat. I am a second row window kind of guy. See,
I don't like windows. I gotta pea too much. I like that.
See where you have nobody in front of you. That's I sit over there.
Mind my business, get put my headphones down, leave me alone,
and and I don't have to get up second row window. That's my seat.
Okay. Anyway, hold on a sec. We got we'll be talking
to you in just a minute. We got more coming right on. Go
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two Ki Tom Martine and your troubleshooter three oh three seven to one three talk
seven one three eight two five five. So I have Josh with me from
Retirement Planning Center of the Rockies. I invite your calls on any and all
problems, questions and complaints. So, Josh, I want to ask a
question. I want to give it an age group, and I want to
tell I want you to tell me any the Okay, I'll just ask a
question. For example, people who are in there. I don't know if
people even come to you in their thirties. What does anyone have the foresight
to come to you in their thirties for retirement planning center. They're still in
the immortal stage of their life. Yeah, you're exactly right, Tom.
Most of the time when we see folks in their thirties, it's usually children
of clients of ours, okay, But how about in their forties, normal
clients. Sometimes it's it's even rare in their forties it is, okay.
So let's say someone does come to you like in early fifties. Maybe yes,
no, yeah, that's most I'm thinking they're not immortal, okay,
So then old age is not a rumor? Uh? And they come to
you. What is the first thing that you notice people do wrong? A
lot of times have done wrong. Sure, it's not even necessarily you know
what they've done wrong? Tom. I think a lot of times people think
that, oh, I've got X amount of dollars saved up, so I'm
doing good. But really the problem that we see more often than not,
Tom, is there's just no real plan. It's just I've saved and I'm
going to draw down exactly. Okay, so what about now? I agree
with that accumulation without regard to planning. Correct? So with accumulation, do
most people have an employer sponsored plan if they work for someone? I'd say
most do? Yeah? Is that mostly? Is that what big companies or
medium companies do now to keep employees correct? Four one K with a match
of some sort, if they contribute up to x percent? Yeah, that's
pretty common. Do people go beyond that on their own? Usually? First
of all, everyone if they have one, should max that out. That's
the number. Don't you think that's the first thing they should do. Yeah,
there's two schools of thought here, Tom. One is you know,
if a the company is going to match, contribute at least up to the
match get that match, because that's money that's going to come into your account
by the company. Okay. The other train of thought is what you just
mentioned, max that thing out. Why wouldn't you for tax free or tax
deferred, sayle, Well, there's a couple of reasons why someone wouldn't want
to contribute to the max. One, you know, maybe they need that
income. Okay, well, obvious, Sure, that's an obvious one.
The second one though, interestingly enough, with most folks, the more you
contribute to an or a four oh one K over the years, in theory,
you're going to have a higher value down the road. That's going to
create more taxes for you. Well, sure, but you grow tax defer,
you grow tax deferred. But when you start driving those spreads, you
can spread it out. You could, But for a lot of folks,
the issue that they're going to run into. We're seeing more and more folks
work into their late sixties, you know, getting close to that required minimum
distribution age. Once that required minimum distribution age comes, they're having to pull
a lot more money out than maybe they might be needing, and so that
creates an unnecessary tax burden on their situation where they're giving more money away to
the government when maybe there could have been other strategies that they could have employed
over the years. Okay, so what would be a strategy to do that?
I mean, I don't even know what would you do? Sure,
there's all kinds of things. I mean, you know, roth iras are
a big thing nowadays. You know, income limitations are applied. Obviously a
lot of folks don't know that life insurance. I think, oh, life
insurance is expensive, it's not necessary. That's a great tool for act accumulation
in a tax favorable way. A lot of folks don't realize that. But
a lot of folks out there aren't utilizing life insurance in the most appropriate ways
more often than not. And that's when folks get frustrated. I'm not sitting
here advocating for life insurance. That's just another vehicle. I know exactly what
you're talking about. You don't buy life insurance necessarily for the death benefit,
but you try to balance it with cash accumulation that you can borrow later on.
Absolutely, I mean, this is a theory that that's been going on,
not a philosophy, a theory, a strategy for years and years and
years, and there's absolutely nothing wrong with it, No, heavens no.
I mean it's a great tool. Yeah yeah, and it's not the only
tool. Like I love to use the word tool. It's a tool in
our tool chest. But when structured properly, that can be a really advantageous
tool that doesn't have the same limitations that like a four oh one k R
I RA might have. Right, okay, so as far as retirement,
but what about protection? Okay, we know a lot of people push annuities
for protection. I like annuities, by the way, I like fixed annuities.
I don't want a variable innudit. But and actually even even that,
there's nothing all bad or all good. There are some things about variable annuities
that I believe sophisticated investors would benefit from. The sure and just for those
listening, we always say fixed annuities. We always say stay away from variable
annuities. Variable annuities in and of themselves are securities. They're like buying stocks.
A fixed annuity is not. It's more of an insurance product. What
a variable annuity is really is a pot of money that they let you invest,
and all of the earnings with that pot of money our tax deferred correct
So what they're saying to you is, if you know what you're doing and
you want to have some fun, take a pile of money, invest it
with us, and will let you play the market and defer all of your
earnings and then someday that's going to come out to you as income. Isn't
that a basic explanation of a variable. Yeah, real high level. Naturally,
if you don't make money, it's on you, fair right, The
risk is on you. If you don't make money, it could be you're
not going to have much income. Now, I do believe they do preserve.
No, they don't even preserve your original investment. Do they variables?
No? Not, unless you buy it like some sort of death benefit writer.
You know something of those. You can get a death benefit, but
you're not going to get any guaranteed benefit amount or benefit, or guaranteed income
or guaranteed anything you could. Those are additional writers. But the true variable
is tax deferred growth in an investment product. Absolutely okay. So it's like
having a mini account, a mini stock account that you play with and all
of the earnings are tax deferred. Correct, nothing wrong with it. You
can even have an advisor help you with it. Right, absolutely, Okay,
so why are people so down on them? So a lot of the
folks that are down on them are or usually approaching retirement age, and you
don't want to do that close to retirement. Correct. Most variable annuities are
expensive, quite honestly. Okay. The the the fees, yes, most
do you pay portrayed as well or not? You can. There might be
transaction fees associated with the mutual funds that are associated with them, but most
of the variable annuities those will range anywhere from two to four percent in costs
per year, per year, per account balance with all the writers, the
mortality and expense, the admin fees, I mean, they stack up,
okay, So that's where they gain. So even if you make some tax
defer growth, about two or three percent of that could go toward expenses.
Absolutely, that's a lot of money. It is. It is. And
the other side of things tom too. Most folks when they're looking at annuities,
they don't want market risk, and that's what a variable annuity provides.
And so that's where you know, right, any they want to they wanted
to find growth. Correct, Absolutely, the good part about a variable and
I'm not pushing this by the way on the common person. Seriously, I'm
not, but it's good to discuss for knowledge. If you have a variable
annuity, though, the upside is on a great market like this, you
can just do an index fund and make a crapload of money, sure,
and then you can take it out and go to cash when it's not well,
if you mind the store, you can pretty much you can control it
to some extent. Yes, and no, Tom, Most of these companies
that issue variable annuities have a minimum cash or a maximum cash allowance within those
and you have to utilize their sub accounts whatever. You can only invest in
what they want. It's not as simple as getting in and out of the
market within those variable annuities, Okay, you're confined to what they want you
to invest, which is to participate in your earnings or not. More often
than not, Yeah, they're gonna do. They're going to take advantage of
that. Sure. So even if you do invest, you actually have to
share some of your return with them in addition to the regular expenses. Well,
sorry, no, I was misunderstanding. In terms of the costs,
yes, that's where they're participating in. Oh yeah, but no, in
terms of performance, that all belongs to you, whether it's good, there's
risk associated with it, as you said, correct, and you're limited to
what you can invest in. Correct. But I believe by law they have
to have a minimum sub account a number of sub accounts. So is it
safe to say the more sub accounts you have, the better for your investment?
Yes? And no. I mean that's where you get into the whole
analysis paralysis. What's going to be the best option? And then yet,
and that's why most people fix just a fixed index three oh three seven to
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Man dot com to list your home with Remax Alliance three all three nine two
zero sixteen twenty two. Hi Tom Martino, your troubleshooter three all three seven
one three talks seven one three eight two five five. So we're talking about
finances, and there's something I want to bring up. United States Automobile Association.
Weird name for USAA. It's it's really a bank or a credit union.
I don't know what it is. Technically, it's a financial institution and
his services mostly veterans and families, offering insurance, banking, investments, and
retirement. Have you heard Josh of USAA. Absolutely? Have you heard of
the problems recently? No? For some reason, there's been an extraordins amount
of fraudulent activity, Accounts being seized, Pilford withdrawn, people missing money,
and USAA is being very lax in its response. It's being fined by the
government, it's being investigated by the government. There have been account closures without
explanation, and there have been many, many, many complaints and many filings
of lawsuits and government intervention USAA. Now, I personally have never had a
dealing with USAA, but people say, you really better watch out if you're
going to them. Some people have lost their entire life savings. Why.
I don't know. That's the main problem. No one seems to know,
but one spokesperson said, it can't possibly be that all of these clients are
trying to cheat them. So USA was saying, well, you must have
withdrawn the money or you must have done this and there, and and and
attorneys are saying, well, my client didn't do that. So one listen
to this. One veteran sold a bunch of money, a bunch of money
and he uh just me raised a bunch of money by selling stuff, and
then he lost thousands of dollars when he deposited it, lost thousands of dollars.
Also, his retirement account was Pilford. So I'm just warning people to
watch out for U. S A A. Because that is a you know,
that is a very popular option for people in the service. And it's
likely, well it's not likely, there's a there's a chance if you do
have problems, you're not going to get help. So I don't know if
any of you listening have had a problem, but I thought I better bring
that up. Three zero three seven one three talk seven one three eight two
five five. Now, there have been a lot of people preaching out one
side of their mouth but doing something out of the other. And I always
say, watch where people put their money. Now, for example, there
was a day when people would say, you know, buy American, Buy
American, Buy American because it in Employees, workers and people in unions would
advocate buy American. But when it came to saving money, they'd go anywhere,
or they'd go on Amazon and order didn't can matter where it was made.
They just wanted the best price. That's a little hypocritical, but that's
the way it is now buying. I'm not saying you shouldn't buy American or
you should only shop price. I shop price and quality, reviews and references.
You know people I know that have that they've loved. I do not
shop only price ever or only quality ever, although that's more of a factor
for me than price. But I like the balance. And what's really strange,
and what's really important for me is when I verify comments, I look
at I love looking at reviews and comments, and I love reviewers who do
videos and really take time to tell about their experiences, both positive and negative.
But having said all of that, when it comes to climate change and
environmental impact, how many people go green? That's the expression, how many
people go green? Now what's weird is I don't know how they get these
stats, but they say a majority of people who claim to be green.
Do not spend green, they just claim to be green. And when it
comes to green, the number one determining factor is price, and almost always
environmentally friendly, recycled and green products almost universally are what can you say it
way more expensive now think about that. I don't know why actually they would
be, but they are so. A survey says now that a willingness to
adopt these products that are renewable or are sustainable as they like to say,
the willingness shows that a vast majority of people will not do it. If
it costs more, they will do it sixty nine percent of a man Americans
will absolutely seek them out. But if they are at par and I could
never understand why environmentally friendlier things, as the market pluts it, sustainable things
are more expensive. Does it really increase the cost of manufacturing and handling or
is it a way to take advantage of people who are zelot I wonder now?
Or is the entire industry doing that for a while, That's what happened
with the solar systems. If they got a zelot, they're willing to spend
the money. Tax credits are important, yes, but what solar companies were
doing they weren't using tax credits to help people get into solar systems. Never
in the old days. Now maybe now they do. But in the old
days, tax credits were used as immediate profit, extra money if they got
a fifteen percent tax credit or thirty percent tax credit. I was looking at
these solar companies were raising the prices accordingly. Back in the day. I
did a survey when credits started coming into vogue, and when tax credits came
into vogue or into style or into reality. Let's say the solar companies took
the exact same products they had been selling and factored in the tax credit in
order to charge more. The net cost was the same to consumers, and
they simply profited more. The industry killed itself. Go with a sure thing
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Time for an insurance check up free, no obligation. In comparison,
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Hi, Tom Martino, you're a troubleshooter. Three oh three seven one three
Talk seven one three eight two five five. Listen. We have another hour
to go. We can talk finance or problems, questions and complaints. I
urge you to give you a call if you have anything, don't let it
wait. Three oh three seven one three talk three oh three seven one three
eight two five five. Here for another hour with you, and we will
talk a little bit about what's coming up tonight. You know what I'm talking
about. We're not gonna get political here, but we're gonna talk about it.
Go with a sure thing Denvers Best Roofer Excel Roofing dot com. You
don't pay a cent until you're contenth time for an insurance check up, free,
no obligation comparison call Compass Insurance paying too much your coverage at dozens of
insurance companies find out now three oh three seven seven one help. You'll think
you're his only customer when you choose Frank Durand the real estate Man dot com
to list your home with Remax Alliance three oh three nine two zero sixteen twenty
two. Yea ripped of new needs who you don't have to run as fast
as we can. Shooter's gonna help come. Man six is the Troubleshooter Show.
No Tom Martino, Hi Tom Martino, Your Troubleshooter three oh three seven
one three talk seven one three eight two five five. Welcome to the only
show of its kind anywhere in the universe. This hour brought to you by
Denverregen dot com. Denver Regen. If you're looking for stem cell therapy,
they do it. If you're looking for weight loss with the compound of semi
glue tide, they do it. Semi glue tide just two hundred and seventy
five bucks a month. That's Denver Regen dot com. Okay, so let's
go to the phones, and I want to talk to Mike. Mike's got
a question about siding. Mike, what is your question? Sir? Yeah,
Mike, Yeah, I have that James Hardy concrete siding. Yes,
and I was wondering when it came from the factory stained and I need to
retreat it. But wondering is it better to stain or paint again? Well,
it depends on the old stain and how far how gone it is many
times? Okay, you're never going to get a stain to take like the
original one. How old is this, James Hardy, Usually they hold their
finishes pretty long. How old is it in the twenty years? Okay,
well that's good. That's good to know. If I were you, i'd
go for a good ceiling paint. However, okay, you can restain it.
You can now. Who I would call is star Quality Painting on my
referral list, and Steve the painter he'll tell you anything you want free of
charge on the phone. Okay. Yeah. The house is in Grand Lake,
so oh yeah, well he can still advise you, and who knows,
he may go up there. But if you go to referral liss,
I'm trying to figure out his name here. I'm not his name his number
really quickly. But if I can't get it, it's called star Quality painting,
and I'm putting it in my list. I'm putting it in the search.
I can give it to him. Oh good, you'll give it to
him, thank you. Yeah, and Steve the painter will give you some
recommendations. But these new ceiling paints are really good things. They're coatings,
they're they're really good. I mean. Now, on the other hand,
you know, I don't know what it will look like. But to me
in my opinion, James Hardy, did you like this? Did it look
wood to you? Yeah? Dude, I just know whenever I've stayed new
wood, I put it on, but then I have to wipe it with
a rag. Yeah, and I don't want to do the whole house that.
No, But I don't think you can do that with the car with
the cementuous stuff. Okay. The cementious stuff, I believe is more of
a uh it absorbs it and you know, you might have to wipe a
little, but I don't. I don't think you can redo it as evenly
as the original one. That's the one thing I thought about those products that
come stained. It leached out over the years. Okay, So Bill,
what's going on with you? Hello? Bill's going good? What's happening?
Well? I took to leave a couple of years ago and I bought all
Let a car. Yeah, what kind did you buy? The Ionic size?
Yeah, that's a very good car. I love it. Actually,
I got it in October of twenty two, and I got it as a
business car. I'm actually a true taxi driver. Wow, there's still a
few of us around. Wow. I had the car about a year.
Then the car went in the shop. A couple of little things came up,
and they tried to fix them. Unfortunately they couldn't clear it. The
frobily came up with an electrical charging system. Light came on. Uh oh,
Now did the dealer itself work on it? The dealer I bought it
from didn't have an electronic mechanic, so I had to take it to a
Hondai dealership, but not the one I bought the car at. Yeah,
that's what I meant. A Hondai dealership looked at it? Or what are
these? What year did you say? It was twenty twenty two, yes,
sir, And what is wrong with it? Right now? What did
you find? Well, they had the car in the shop for almost a
year. What and we just got it back? Yeah, just got it
back. The other day. They flew in an engineer and had an engineer
actually work on the car. Well wait, wait, what did you do
while your car was away for a year? For goodness sakes? Did they
provide you one? Uh? They provided a loaner, which I couldn't use
for my work. So while his wife got to drive the loaner, she
enjoyed it. She had the KNA and a few other one along the way.
Okay, but for me for work, I had the least uh another
taxi from the company. So you were actually using your own You were using
your own vehicle in a conventional taxi company, not a ride share right u
Z trip Actually, so it had to get decked out, tagged everything.
But let me ask me so, oh oh, that's why you couldn't use
the loaner. Correct. Okay, if you're asking if you can get reimbursed
for loss of use, the answer is no, even though I had the
incur almost yeah, now wait, WHOA I should I should amend that in
almost every warranty, and I'm positive there is there's wording about loss of use.
However, the year thing, you might have them on that on the
year thing, because it is a little weird that it took a year,
So that might be a variable that will give you some strength. Have you
asked them to reimburse you? Oh? Actually I asked them about the lemon
law, and it turned out since I'm using it was using it as a
company vehicle. They were able to get out of the lemon law because they
because of the loaner, because it was being used as a business. Oh
okay, otherwise you would have had the thirty days loss of use, wouldn't
you. Oh yeah, I see, because it was being commercially used.
But what what do they say though, Did they say anything about helping you
out or not? Nope? And you bought this brand new, right,
brand new twenty miles coming off the lot. Man, I think the problem
you're going to have is the loss of use, and especially now you're telling
me it's commercial. I kind of yeah. See, they never promised,
they never promised that this was going to be a taxi. So therefore the
the what you call consequential damages as a result of your extraordinary use. You
see, what if you were using it for something else that was different and
extraordinary. The fact that you had to mark it up and label it and
all see it's and you couldn't do that to the loaner. What they're saying
is, we sell passenger cars for consumers. The fact that you converted it
to commercial, we should not be responsible for that extra cost. And I
think I'd have to agree with it. I do think it sucks that it
was a year. By the way, is it working now? They finally
did fix it. They got the engineer in to come and work on it,
and it turned out as a FEUs in the air conditioning system was setting
off the electrical charging system and it took them a year to figure that out.
Yes, sir oh Man, that is crazy. So in any case,
I really think you have a weak case here. I'm just being straight
with you because, as I said, it wasn't that you lost use of
your car. You lost use of a company or of a commercial vehicle,
and they never sold you a commercial vehicle to begin with. That's the problem.
Three oh three seven to one three talk go with a short thing Denver's
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three oh three nine two zero sixteen twenty two. Hi Tom Martino here three
O three seven one three talk seven one three eight two five five ED.
What's going on with you? Hello? Ed? Hey Tom? Yes,
sir, anyway, I used zero res today like many other times, and
I'll tell you what you could. The quality of their their product is great.
But what really stood out to me today was the technician that showed Ah.
It called me before eight o'clock that's when they open. They gave me
a timeline of forty five minutes and it showed up early. That's crazy.
That's good. Hey, you know, really and truly, I'm glad you
called totally unsolicited. Isn't it the best? I mean there's no odors,
no smells, no musty feeling. No, the carpets are near dry when
they're done, and there's nothing at all, nothing to feel. What my
house? My house is closed up now, it's all dry. Yeah.
This guy, this guy, you know, they hit the home run when
they hired him. Well, that's good. I'm glad. What's his name?
His name was, oh geez, Doug. Okay, Well, thank
you for those kind words. Doug at zero res You made a good impression,
and of course the whole team there, they do a great job.
Zero Residenver dot COM's got a question. Go ahead, Tom, what's going
on? Oh? I can't if you had heard anything about a credit union
out in Lakewood is the only one that I know. But he's just called
Supers, And though it's spelled the same, it's not. I don't think
it's affiliated with King Supers. They don't say anything about that. But they're
offering a CD interest rate for I think seven months. I heard seven percent.
What I just wondered, Hey, Josh, have you heard of them
Supers credit Union? Yeah? Huh. They are associated with King Supers and
they are legit. Uh huh. They're through a lot of employees that work
King Supers. That's exclusive to them seven months at seven percent. It's just
only King super employees in my experience. I don't know, by the way,
it's maybe open to yeah, others, but yeah, that's you just
call and ask them. I don't know if it's open to other people.
But but man, you know, is that is that an extraordinary raid or
is that the going rate right now? Seven percent? There's some there's some
outfits out there that are offering that. It's kind of a teaser rate.
Usually it's for a few months and then it drops to you know, I'm
getting right now on T bills for cash that I have that I don't want
to invest in a long run, for four week to four week tea bills,
I'm getting over six percent. Did you know that? I don't regard
me or nothing, but yeah, Tom, have you ever done, Tom?
Have you ever considered T bills? There's zero risk. No, I
can't say as I have. Let me explain this to you. I'm not
trying to sell them, and there's no upside or downside. In fact,
you go to Treasury Direct to get them, so you don't even deal with
anyone but the government. You go to Treasury Direct. And I'm telling you
that I have been making six percent or more every four weeks and and so
what that's every month and and it's it's amazing. You have cash. Right.
You go to Treasury Direct and it's called Treasurydirect, I believe dot com.
You open an account, it's run by the government. Then what you
do is you put you deposit money from a bank account. So however much
you were going to put in a CD. You put it there and you
sign up for the first auction for the first four weeks, then you choose
if you want to reinvest at the end of each four weeks. You can
do that ahead of time. So I put mine in for five renewals,
so I had a total of six months. But you can cancel the renewal
if you decide not to renew it, but you can renew it every four
weeks, or just go four weeks and take the money. And I'm telling
you it can add up in a big way. Now, you don't get
interest on interest once you make like I believe I had money. I made
twenty five hundred bucks every four weeks. Okay, twenty five hundred bucks a
month with this money in there. And here's the deal. That money,
though, doesn't add to your balance and make twenty five hundred on that you
don't you That money is sent to the bank account from which you drafted the
money to put in there. So it's not money on money, but it's
money on principle. Okay, it's not. It's not compounded. Interesting,
right, but in my opinion, in my opinion, because the amount you're
getting from that CD when they tell you seven percent includes the compounding. That's
why it's seven months soil. Yeah, that's right, that's the yield.
So if you think about a four week yield at six percent versus or a
little more versus a seven months, a seven and and and the other one
has tax preference treatment. Now with a T bill, you do pay,
you do pay your federal tax, you do not pay state and local taxes.
So there's a big benefit to those T bills. Okay, And that's
six percent a year for four weeks, okay, Yeah, but that's extraordinary
amount of money. I mean for for zero risk, it's an extraordinary amount
of money. And I'm actually making a little more than six percent, Like
I got a little more than twenty five hundred. I have a big amount
of invested there. But it was just sitting in nothing, and I thought,
you know what, this is risk free? You ought to do it.
Yeah, and again I mean direct but yeah, Treasury Direct, Treasury
Direct, And I don't know, Josh, what about it? What do
you know about Have you ever used Treasury Direct? We haven't, but no,
we know it's a reputable site. It's a government website, which yeah,
maybe not say any Treasurydirect dot gov by the way Treasury direct dot gov.
Now here's the difference. And I'm not shoot, I'm not looking.
I'm not putting anyone down because everyone in the financial advisory business, if they
do a great job, deserve the fees. But why would you take a
hunderd grand and put it with an advisor who takes one percent of it or
one point five percent of it and then puts you in the treasury that you
can do direct without a fee, so you know, you get to keep
your entire return. Now, there's nothing wrong with having all of your money
in with a financial advisor. If you like having a financial advisor, and
they're good people, there's nothing wrong with that. I mean, they earn
their money, they place your money and try to make return. But if
I ever had a financial advisor who says, Tom, we're going to take
some of your money and put it in T bills, I would say,
no, you're not. I'll take the money and put it in T bills.
There's no reason for you to do that for me. The same way,
there's no reason for you. If my money's going to sit in cash,
send it to me to sit in cash. I don't want it in
your account sitting in cash because you're paying an advisory fee on assets under management.
Okay, Deputy Bo, welcome to the show. Nice seeing you yesterday.
What do you got going on, Bro, I'm working on this case
got a favorable outcome. It was Andrew called last Friday. Okay, let
me find it here Andrew. And it had to do with what case All
Suns the movie company, Oh, my son's movie. I am so happy
you told me about that one. That bothered me a lot, because truly
that company doesn't have a bad name, but I didn't like what I heard
about him. And I'm trying to find the call. But explain what happened
Originally, Yes, Andrew took out a five thousand dollars insurance policy on the
move. That long story short. When they delivered a cabinet there was expensive
glass shelves. The shelves got damaged, so he went to a glass company
in Denver and had the shelves made. So I thought he was very reasonable.
He submitted a claim of five hundred and fifty dollars, which was his
costs and replace his grandmother's glass shelves to All my Son's Movie company, and
all they would offer him is one hundred dollars. So I called the local
company, the local branch here, talk to a guy named Thomas, and
he said it's just one hundred dollars. That's where it is. Go with
a sure thing Denver's Best roofer Excel Roofing dot com. You don't pay a
cent until you're content. Time for an insurance checkup free no obligation comparison call
Compass Insurance paying too much your coverage at dozens of insurance companies find out now
three all three seven to seven to one. Help. You'll think you're his
only customer when you choose Frank Durand the real estate man dot com to list
your home with Remax Alliance three oh three nine two zero sixteen twenty two.
Hi Tom Martine, your troubleshooter three oh three seven one three talks seven one
three eight two five five. Okay, now I got two people. I
got Donnie. He wants to talk about an accident. We we might want
to get John on. I'm not sure, but anyway, you have a
question about a car accident. What's going on? Sir? Hey, my
name is Donnie and a longtime listener. Yes, surely it wasn't my daughter
was in a car accident, and I'm glad that I used to You referred
me to John Fuller. Yeah, good job. Yeah, he was great,
and we got she got the settlement coming and she's nineteen years old and
she's took it like you a little more. But anyway, she wants to
invest in twenty thousand dollars. But I was wondering what the best investment.
It's gonna probably be short term, you know what I mean. She just
start in her life, all right for her, but she don't want to
you just okay for a young person, Okay, they don't want to do
any stock market investing at that age. Okay, I don't mean at that
age. I mean short term uh investing will either lose her even if it
made her money, it's not a good it's not a good fit for her
right now because of gold kicker into a tax bracket. What I would recommend
is just what I was talking about, Donnie. If you can get a
good CD or Josh, you can chime in on this bro or a T
bill. Did you hear me. I don't know if you heard me,
But there's the government has a site called Treasurydirect dot gov. And on Treasury
you heard of that. Okay, here, let me explain to you real
quick, and then Josh can chime in on other ideas you might have.
But how much is she going to get approximately, Let's say what you'd like
to invest twenty thousand, Okay. So if she gets twenty grand and it's
in a bang, she goes to Treasurydirect dot gov. That will she can
open up an account. She's eighteen, She opens up an account, a
username and a log in. This is a government site. Then she can
ach twenty grand into her account. And then what she does what she can
do is buy any number of government securities. Now it may seem a little
overwhelming, but it's not. And so one of the easiest ones are called
four week tea bills. That means you buy t bills on day one of
the auction at a discount, like I was buying them at around ninety three
ninety four dollars, and then they redeem at one hundred and that might be
a thousand. What I'm saying is this, you buy them at a discount
that's locked in, and then upon maturity in four weeks, she gets paid
the entire par value. So she's making the spread. The spread for me
has been over six to six and a half percent. However, Doc told
me the discounts are a little less right now, so you might be getting
around four and a half percent. But the point is it's risk free,
and it's more than any CD or any bank product will pay, and you
can invest. I just looked one hundred dollars one hundred dollars increments, so
she'll and and her her investment is locked in on the day of the auction.
So whatever the auction is, she doesn't make. All she does is
put it there. It's automatic. She tells them what she wants to buy.
So she buys twenty thousand worth, it'll go in there and buy that
many increments at a discount. The money for the discount upon maturity is wired
or AHD to the account she just opened, you know, does so it's
a really good so she'll find extra money in her account automatically. Now she
can keep that twenty there and reinvest it every four weeks. Yeah, I
was thinking CD first of all, but I wanted to hear what other options.
Okay, yeah, there's nothing wrong with a CD, but I'm telling
you that this government one is better. It's government, there's no fee whatsoever,
and the money is directly AHD into her account that she makes. So
that's what I would do it because of the zero risk and modest return.
Oh Josh, what are you thinking. That's kind of where I was going
to go. Tom. You don't want to put short term money at risk
if you're gonna need it at some point here in the near future. Especially
with these four week timeframes on a lot of these treasury bills, it makes
a lot of sense. There's a lot of protection backing all that fun stuff,
and you know exactly what your money is going to do. That's the
long and the short of it. CDs, you lose a lot of flexibility
there typically for a longer period of time then you know, these four week
treasury bills like Tom's referring to. So, yeah, that's a great,
great option, Absolutely awesome. All right, that's why I usually call Tom
first. I am really happy that she's considering investing at such a young age.
It'll get her used to it. Yeah, Well, just let us
know if we need If you need anything else, three oh three seven,
one, three eight, two five five, go with a sure thing.
Denvers best Roofer excel roofing dot com. You don't pay a cent until you're
content. Time for an insurance check up free, no obligation. Comparison call
Compass Insurance paying too much your coverage at dozens of insurance companies find out now
three all three seven seven one help. You'll think you're his only customer when
you choose Frank durand the real estate Man dot com to list your home with
Remax Alliance three all three nine two zero sixteen twenty two. Hi Tom Martine,
here you know rpcenter dot com is the website for these guys. Rpcenter
dot com nine seven zero six six three thirty two eleven. And I personally
am a client, want to want to make that disclosure, and they are
a sponsor, and we crisscrossed that way. Joe, what's going on?
Joe? Hey Tom? I just have a question about potentially hiring an attorney.
I was hired by this attorney out of state or law firm out of
state to do what witness to be an expert witness on a medical case,
Okay, And we agreed on an hourly rate and I sent them at W
nine signed and the case was settled and I'm five point sixteen. I sent
them an invoice. I still have not received payments. And what did you
do on an hourly rate? What did you do, like if there was
no trial or hearing, did you do a deposition? Didn't have to do
a deposition. I studied other people's depositions and commented on that. And did
they ask you to do that or was that in prep? No, they
asked me to do that as part of prep. Okay, I was going
to be deposed, but the case was settled. No, I got you.
Are you a doctor? No? What is your expertise? Uh?
Involves medical equipment. Okay, now listen, here's the deal. You see.
I would say a lot depends on your contract, but you didn't have
one. You had a verbal contract. Because they're going to say, well,
he didn't do anything because he was prepping and that's part of his deal.
Now are they saying that to be in with They are not. They're
saying, we submitted your invoice. Oh, that's good. That's better submitted
it, not have that an email. No, No, that's better that
they say that, because if they wanted to make all that other dispute,
that's a lot to ferret through. But all they're saying is we submitted it.
Okay, So the question is did you put a lien on the suit?
No, I haven't done anything. I was just trying to figure out,
well, you should have done that before the settlement. You can put
you can actually file a lien on proceedings in order to be paid. Attorneys
often do that with divorces and stuff. Can he just call the uh,
the bar in the state that they're very strict about that in Colorado. Just
call the bar so it's called them feed dispute state. Yeah, the fee
dispute committee. He's apt doc is absolutely right. What state is it?
It's Georgia, doesn't matter. I'm sure that just as strict. Well some
of them are and some of them aren't. Okay, but you're you're right.
Georgia would be one that would be pretty strict. And the months too
long to waiter? Should I wait two months or okay? You invoiced when
May sixteenth, May June July? I would say sixty days. I was
going to sixty days is reasonable? Yeah, I would contact the bar just
like on the fifty eighth or fifty ninth day, whatever. I would absolutely
I would let them know you're going to the bar association as well. Let
them know, say, as to protect myself, I'm filing a complaint with
the bar association. Now there might be two bars. Sometimes the city or
municipality has a bar and then the state. And is it too late to
file a lien? I don't know about that. Actually, I was gonna
say, I'm not sure about it. If it was all settled and paid
out it is. Do you know what stage of settlement it's in. I
don't. You may have to use a lawyer in Georgia to do that,
and it's going to eat up some of it. How much do you have
coming a little more than five thousand? It might be worth trying looking into
filing a lien on the proceeds. You know, it truly is a claim
and you can do it. You I don't know how to turney what I
hire in Georgia? Ooh, that's a good question. That's a good question.
I'm not entirely sure. A general litigator or a collector bill collector,
possibly that a collection attorney might be the one. And you have to do
it before it's settled out. Okay, do you know when they signed it?
When did they sign the settlement probably around the first or second week of
May, because you know how much the settlement was. That'll tell me how
much was the settlement. I don't know, Like, if it's millions of
dollars, it's going to be a while. If it's even if it's five
hundred thousand or more, if it's ten fifteen to twenty twenty, although I
will say it had to have been more to have an attorney involved in pay
you and all that. So, but when you submitted it, did you
submit it to the law firm that hired you? Yes? Good. What's
the name of the law firm? All this Smith? What is it all?
Booth? Smith? Okay, jeez, all right. One of the
attorneys said the case emailed me and said the case was settled and ask me
to submit my which I did. Okay, you got that email to you,
so you got a lot of good documentation. I'm curious about something.
How did they where are you located? I'm in Denver? How'd they get
a hold of you? Threw a doctor that I work with? What kind
of equipment do I work with? In general? What kind of equipment rehabilitation
equipment? And are they saying are they saying it injured somebody that's part of
it. Yes, okay, well thanks lot man, I appreciate it.
Okay, So Josh, can people meet with you by zoom, by phone,
in person? How do you do it? All of the above,
Tom, whatever's convenient for you will make it work. We'll make it comfortable
and start out. Go to the website rpcenter dot com or nine seven zero
six six three thirty to eleven. Hey, folks, don't forget three oh
three Martino. Save all your problems for me