Speaker 1: Yeah, ripped of need.
Speaker 2: That's so you don't have to.
Speaker 1: Come running.
Speaker 3: Just as fast as we can.
Speaker 1: Shooter's gonna help.
Speaker 4: Come Man Dix is the Troubleshooter Show.
Speaker 2: No, Tom Martino, Hey Tom Martino here, welcome to the show.
Speaker 2: You know the drill. We help people. We solve problems,
Speaker 2: answer questions, take complaints, and make life just a little easier.
Speaker 2: All you have to do is call three oh three Martino.
Speaker 2: You can call twenty four to seven, get in line.
Speaker 2: We'll get you on the air, or you can call
Speaker 2: our iHeart number when we're in the studio three oh
Speaker 2: three seven one three talk seven one three eight two
Speaker 2: five five and let me bring in our studio and
Speaker 2: say hi to Marky Mark, Hey, Brouh's up? Hey? And
Speaker 2: who's that? I see the back of the head.
Speaker 5: That is the sheep counter Scott.
Speaker 2: Oh, Deputy Dollar, it's good. We see the back of
Speaker 2: your head there, Dollar. Thank you. Now I can move
Speaker 2: my picture over so we can get the whole picture.
Speaker 2: By the way, what's on your mind today? How can
Speaker 2: we help you? That's what we ask each and every day.
Speaker 2: So if you can, if you can give us a call,
Speaker 2: we will try to solve your problems, and I do
Speaker 2: want to recap some very important problems that we have
Speaker 2: going on right now. But first I'm going to take
Speaker 2: some calls, and we also have an expert, Brad O'Brien
Speaker 2: to answer. So we're going to bring Ron up from yesterday,
Speaker 2: and I just I'm not I'm not sure what we
Speaker 2: can do about this, but I wanted to ask Brad's opinion.
Speaker 2: So let's bring.
Speaker 5: Up, well, the main question.
Speaker 4: If I we call Tom, yes, sir, I hear a
Speaker 4: weird echo on your side.
Speaker 2: By the way, I'm gonna I'm gonna do away with that.
Speaker 2: Go ahead.
Speaker 4: But anyhow, the landlord, according to the caller, Ron is
Speaker 4: adding extra money on his rent every single month, and
Speaker 4: I don't think that's legal to do anymore.
Speaker 2: Yeah, we're gonna we're gonna talk about that, Okay, So Ron,
Speaker 2: I'll bring Ron up and bring Brad up together, and
Speaker 2: then let's just talk about this in general. What's going
Speaker 2: on Brad is that he had a leak in a
Speaker 2: ceiling and it was due to a heat exchange up there.
Speaker 2: Now keep in mind, this is infrastructure, right, So the heater,
Speaker 2: the heat exchange in the ceiling is fed by his
Speaker 2: water heater, so it provides heat to each each apartment.
Speaker 2: When our HVAC expert went out there, our HVAC experts
Speaker 2: saw that it was caused by a deteriorated line in
Speaker 2: that heat exchanger, and so basically they fixed it. Now
Speaker 2: they're charging him for damages, and he said, well, it's
Speaker 2: not my fault, and our experts said, there's no way
Speaker 2: it was his fault, no way that this thing deteriorated
Speaker 2: in the ceiling and he had nothing to do with it,
Speaker 2: they claimed, because he had done something with the controls
Speaker 2: ron What did they say that you turned on your
Speaker 2: you turned on your air, or you turned on your
Speaker 2: heat or something that caused it to overwork. What did
Speaker 2: they say? They said, you froze it up.
Speaker 6: Yeah, they said, I put the thermostet on sixty seven
Speaker 6: and it froze the pipe up.
Speaker 2: Because you were trying to make it too cool.
Speaker 6: Yeah, and it was ninety degrees that day. I believe
Speaker 6: I don't know what they're talking.
Speaker 2: About, right. So basically, our guy said, there's no way
Speaker 2: it would have caused the thing to do that. Just
Speaker 2: never so because he did not pay the damages. Brad O'Brien,
Speaker 2: our real estate expert attorney. They said, we're just adding
Speaker 2: it to your rent, and if he doesn't pay it,
Speaker 2: they're evicting him. What do you think about that?
Speaker 7: Well, I don't think he acted unreasonably by turning thur
Speaker 7: much after sixty seven. Nobody knows that that's going to
Speaker 7: cause a problem. You know, if you leave your house
Speaker 7: in January and you turn off GAC while you go
Speaker 7: on vacation, that's okay that you know that's going to cause.
Speaker 2: Mum, pub do you mean if you call if you
Speaker 2: could turn off the heat in January?
Speaker 7: Right, right right, turn out the heat and you leave
Speaker 7: for a week, Okay, that's obvious. Something like that, it's
Speaker 7: going to be the tenant liability. But turning yours after
Speaker 7: the sixty seven is not acting unreasonably. So I think
Speaker 7: it seems like the.
Speaker 8: Landlord has improperly added the.
Speaker 7: Repair cost on this to the tenant. And you know,
Speaker 7: this manned up in a court suit, and I think
Speaker 7: the tenant would be in a good position to argue
Speaker 7: that they acted reasonably and the landlord has no.
Speaker 2: Right to add And even if he didn't act reasonably,
Speaker 2: the cause and effect isn't there. Our experts said, there's
Speaker 2: no way that using the air conditioner the way he
Speaker 2: did would affect the heat exchanger the way it did. So,
Speaker 2: but what does he do if he refuses to pay
Speaker 2: the expense? He keeps paying his regular rent. Did you say, Ron,
Speaker 2: they won't accept your regular rent now?
Speaker 6: Yeah, yes, she put a notice to vacate or pay
Speaker 6: the full amount by the October tenth.
Speaker 2: So what does he do? Brad Well?
Speaker 7: Ultimately this will end up in front of an addiction
Speaker 7: court judge, and I think he tells his story, and
Speaker 7: I think I think a judge of this circumstance would
Speaker 7: not grant the eviction and would invalidate this extra money
Speaker 7: that they added on to his bill.
Speaker 4: Brad Or they allowed to just add extra money to
Speaker 4: a bill. Now under rent, Well, it has to come
Speaker 4: out of the lease somewhere. It has to see in
Speaker 4: the least that something you do is get landlord a
Speaker 4: basis for doing this. So property damage, you know.
Speaker 7: If you knock a home in the wall, Okay, the
Speaker 7: landlord has the right to add that to the.
Speaker 5: To the I get you.
Speaker 4: I just thought that fees. I didn't think you were
Speaker 4: allowed to add fees.
Speaker 9: Now, Well, this isn't a fee like a late fee.
Speaker 7: This is a property damage based fee.
Speaker 5: But I get you.
Speaker 7: Yeah, that's not prohibited against this new statute that prohibits
Speaker 7: late fees over a certain amount.
Speaker 2: Okay. So basically, though, what he's going to have to do, unfortunately,
Speaker 2: he's going to have to not pay it, and but
Speaker 2: go ahead.
Speaker 7: He needs he needs to tender the rent payment every
Speaker 7: month and then they need to refuse it, and he needs.
Speaker 9: To document that.
Speaker 7: Take a video camera or video him trying to pay
Speaker 7: the rent and refusing it or something along those lines.
Speaker 2: Okay, so he's.
Speaker 7: Got proof that he tried to pay, but they are
Speaker 7: the ones who refused it.
Speaker 2: And then have the rent ready, Ron, the regular rent.
Speaker 2: When you go to court for eviction, you tell the
Speaker 2: judge here are there three or two payments I wanted
Speaker 2: to make they wouldn't take. And then if you want, Brad,
Speaker 2: does he bring our HVAC expert with him?
Speaker 7: Well, there's a trial, you know, that's when the expert
Speaker 7: witness may be important.
Speaker 8: To have there to testify.
Speaker 2: Okay, maybe even just Ron. So but Ron, you say
Speaker 2: that you had an HVAC expert look at it, and
Speaker 2: that the expert said this was in the ceiling, and
Speaker 2: you had no effect on it. So Ron, you're just
Speaker 2: going to have to wait until they evict you, and
Speaker 2: then you're going to have your day in court. Make
Speaker 2: sure you show up for the initial hearing and just say, look,
Speaker 2: I did not cause this damage. I'm willing to pay
Speaker 2: my regular rent. They won't accept. That's the way you
Speaker 2: do it, and we'll ride along with you on this. Ron.
Speaker 2: Remember you don't have counsel at this point. Brad is
Speaker 2: just giving his opinion. I'm not suggesting you do have counsel.
Speaker 2: Maybe you do the first time around. I don't know
Speaker 2: if you need it, but you have to decide that.
Speaker 2: You may want to just talk to Brad off the
Speaker 2: air if you want. Olslaw dot Com seven two zero
Speaker 2: three seven zero seventy three eighty eight. So let us
Speaker 2: know how it goes. Good advice. Sean also has a
Speaker 2: real estate issued Sean, I believe you were on yesterday
Speaker 2: as well, sir? Is that right? What was the issue? Sean?
Speaker 2: Let me look up your call? Go ahead, yeah, Hi.
Speaker 10: My question was what is the foreclosure timeline in Colorado?
Speaker 10: Is it ninety or one hundred and twenty? And does
Speaker 10: it determine by bank or loan?
Speaker 2: Now what do you mean the timeline?
Speaker 11: Tell me what went on before closed on?
Speaker 10: If you are ninety days late, can you be foreclosed?
Speaker 10: Or is it one hundred and twenty days? O?
Speaker 2: Oh, Brad? Is what are an actual statute on when
Speaker 2: they can start foreclosure? Oh?
Speaker 7: Yes, there's very comprehensive statute setting out all the timelines
Speaker 7: of foreclosure. If this is a residence, the first thing
Speaker 7: though lender has to do is give a thirty day
Speaker 7: pre foreclosure notice an opportunity to here.
Speaker 2: Yeah, but after how long? If she misses one payment,
Speaker 2: two payment, three payments for what is it?
Speaker 7: We can be a day late.
Speaker 2: Another way, so there's no waiting period.
Speaker 5: How long do they have once they give the notice.
Speaker 12: Of the fall?
Speaker 7: Actually, I'd have to look this one up, doctor. When
Speaker 7: you send that thirty day notice, that actually might have
Speaker 7: to come after they're late by a certain amount of time.
Speaker 7: I actually look that one up.
Speaker 2: Okay, let's look that up and come back to it.
Speaker 2: I'm Tom Martinez. Three h three seven one three talks
Speaker 2: seven one three eight two five five. Before we go
Speaker 2: to break, I want to introduce our guest today, Joe Keiano.
Speaker 13: He is.
Speaker 2: Let me get him on camera here there, you go. Joe,
Speaker 2: you're a certified financial planner and as such you talk
Speaker 2: about financial plans for families and individuals. One thing that
Speaker 2: you are really high on right now are guaranteed investments
Speaker 2: like the pension for life. If people accumulate money and
Speaker 2: want to move it over to a pension from a
Speaker 2: four oh one k an old four oh one k,
Speaker 2: maybe an IRA whatever, when should they do it, Joe?
Speaker 2: Should they do it when they are older, when they're
Speaker 2: in their middle age? When should they do it? When
Speaker 2: they get the money? Tell us about that.
Speaker 14: You know, Tom, you know when they get the money.
Speaker 14: And also age, you know, has.
Speaker 12: To play a part on it.
Speaker 2: You know.
Speaker 14: When somebody's young, they can afford to gamble into stock market.
Speaker 14: When somebody gets a little bit older and gets nearing retirement,
Speaker 14: that's when they need to start thinking about being conservative.
Speaker 14: They got to put their money someplace that is safe,
Speaker 14: that is not to grow without the danger of the
Speaker 14: stock market tumbling down, and they get guarantees. And that's
Speaker 14: what people want today nearing retirement and at retirement, they
Speaker 14: want to have guarantees that they're going to have an
Speaker 14: income stream coming in for the rest of their lives
Speaker 14: that they're not going to be able to outlive. And
Speaker 14: that's exactly what we do.
Speaker 2: Tom.
Speaker 14: We specialize in the guaranteed Pension account, which is an
Speaker 14: annuity that is very unique. It gives a bonus and
Speaker 14: guarantees safety and growth without any danger at all of
Speaker 14: loosening their principle, their gains, or any accumulation.
Speaker 12: From their account.
Speaker 2: All right, and we have more coming up on the
Speaker 2: Troubleshooter Show. I'm Tom Martine and that Joe will give
Speaker 2: contact information and he'll be our guests today. Go with
Speaker 2: a sure thing Denver's Best roofer Excel Roofing dot com.
Speaker 2: You don't pay a cent until you're content. For an
Speaker 2: insurance check up free, no obligation. In comparison, call Compass
Speaker 2: Insurance paying too much your coverage at dozens of insurance
Speaker 2: companies find out now three all three seven seven one help.
Speaker 2: You'll think you're his only customer when you choose Frank
Speaker 2: durand the Real estate Man dot com to list your
Speaker 2: home with Remax Alliance three all three nine two zero
Speaker 2: sixteen twenty two. Hi Tom Martino, your Troubleshooter three oh
Speaker 2: three seven one three talk three oh three seven one
Speaker 2: three eight two five five, So I think we did.
Speaker 2: We Yeah, we took Sean and we took everyone with
Speaker 2: Brad O'Brien. Do we have any oh? Wait, Keith has
Speaker 2: a comment on evictions. Brad O'Brien was going to look
Speaker 2: up when they how long they have to foreclose? In
Speaker 2: other words, how many days or weeks or months do
Speaker 2: you have to be behind? Brad? What did you find?
Speaker 15: Tom?
Speaker 7: There's basically a sixty day waiting period on a home
Speaker 7: mortgage foreclosure.
Speaker 2: Does that mean two payments missed or sixty days wait
Speaker 2: for one payment?
Speaker 7: Well, it can be based on one payment missed, and
Speaker 7: it's because the lender has to send a thirty day
Speaker 7: notice of a pre foreclosure notice to the homeowner, but
Speaker 7: they cannot send that letter until there's a default of
Speaker 7: thirty days or more.
Speaker 12: So that is okay, sixty.
Speaker 2: Days So Sean, basically, when you miss a payment, it's
Speaker 2: got to be thirty days late. Then they send you
Speaker 2: a thirty day notice. So in effect, there's sixty days.
Speaker 4: Yeah, but don't you then once the foreclosure starts, don't
Speaker 4: you have like one hundred plus days to cure it?
Speaker 2: Yes? Now, now there's Brad. There used to be what
Speaker 2: was called a redemption period. Didn't they do away with
Speaker 2: a redemption period?
Speaker 7: Right? There's no longer any post foreclosure right of redemption for.
Speaker 2: Them, But beforehand you can for the borrower.
Speaker 7: Yes, resold for the foreclosure, there's a right of cure.
Speaker 4: Okay, So if she hasn't actually, if they haven't actually
Speaker 4: started foreclosure or sent that notice, at minimum, she's going
Speaker 4: to have thirty days plus one hundred and ten days
Speaker 4: to curate.
Speaker 7: Right that the right of cure ends fifteen days before
Speaker 7: the sale?
Speaker 2: Okay?
Speaker 5: Does that answer your question, Sean?
Speaker 16: It does?
Speaker 10: And also if I can just add, I submitted a
Speaker 10: loss mitigation package on date eighty and there was a
Speaker 10: statement of there's dual tracking. Is this helpful to help
Speaker 10: support getting a little more time to get caught up?
Speaker 2: What are you talking about a loss mitigation statement? What
Speaker 2: is that like?
Speaker 10: For instance, I was really sick, I had medical bills,
Speaker 10: So with that I submit a like a foreclosure or
Speaker 10: a lot of mitigation package.
Speaker 2: Is there a such thing as that?
Speaker 4: Well, it sounds like that's with her lenders. She's trying
Speaker 4: to get special treatment from the lender. The times ages BS.
Speaker 2: Yes, Brad, is do they have to give you special
Speaker 2: circumstances or have you ever heard of a loss mitigation statement?
Speaker 7: Yeah, that's an attempt to work things out. But this
Speaker 7: anti dual this dual tracking refers to a statute the
Speaker 7: prohibits dual tracking. Dual tracking is pursuing a foreclosure while
Speaker 7: at the same time the lender has granted a loan modification. Okay, application,
Speaker 7: and that's in the works, but that has to be
Speaker 7: in writing that modification.
Speaker 4: So basically it's it's like asking for a forbearance agreement basically, right.
Speaker 7: But them sending the lender sending out this loss mitigation
Speaker 7: package is not sufficient enough to prohibit dual tracking.
Speaker 9: If not, it has to be.
Speaker 7: Signed and sealed. As far as this formerance.
Speaker 4: At a curiosity, how much equity do you have in
Speaker 4: the house, I'm.
Speaker 10: Going to say it maybe sixty thousand.
Speaker 4: I wonder how she could tap into that to get
Speaker 4: this thing out of this uh at a bad shape.
Speaker 2: You know, how many payments behind are you? Sean yesterday?
Speaker 10: Let's see, I am right at the ninety day?
Speaker 2: No, how many payments have you missed?
Speaker 10: Oh, I'm sorry three months.
Speaker 5: Which which equals what six grand? Ten grand?
Speaker 2: What that is?
Speaker 10: Sixth grand?
Speaker 2: Okay, how do you propose to make up the sixth grand?
Speaker 10: Are you talking to me?
Speaker 2: Yes, I'm talking to you, Sean.
Speaker 9: Yeah.
Speaker 10: Yeah, I took a second job and just join everything
Speaker 10: I can to get.
Speaker 2: Caught back up. So when is your next payment?
Speaker 10: Do today?
Speaker 2: So this will be the fourth month? October?
Speaker 10: Yes?
Speaker 2: Okay? So do you have today's payment?
Speaker 10: No?
Speaker 2: Will you have November first payment?
Speaker 10: Yes?
Speaker 2: And when will you make up the others?
Speaker 10: I don't know right now, Sean.
Speaker 2: Here here's the deal. You're going to have to have
Speaker 2: a better plan than I don't know. You're going to
Speaker 2: have to have a You said you submitted something. What
Speaker 2: did you submit? I don't know? Or what what was
Speaker 2: in your in your plan?
Speaker 10: They basically asked, what was the cause of you, you know,
Speaker 10: not making payments? I submit that answer and quote lost
Speaker 10: mitigation package. They say they review it and if they agreed,
Speaker 10: then they work with you on either putting those payments
Speaker 10: on the back of the loan or allowing you time.
Speaker 2: Okay, okay, okay, okay, a modification agreement. So if they
Speaker 2: do a modification, they put it at the end usually
Speaker 2: or they have some kind of side action going. But
Speaker 2: you haven't heard from them on that right.
Speaker 10: They basically stated that they receive a loss mitigation package
Speaker 10: and they have intele Octom fifteen to either agree or disagree,
Speaker 10: and then I potentially have to come up with everything
Speaker 10: by that time if they don't.
Speaker 2: Agree, and you might, okay, you're gonna have If I
Speaker 2: were you, I wouldn't wait. I would have an alternative plan. Hey, Donald, Yes,
Speaker 2: can she qualify for a helock a he lock? Not?
Speaker 2: With being ninety days late?
Speaker 5: She's oh, I had no income.
Speaker 2: Well, actually she's going to be more than ninety days.
Speaker 2: She's gonna be one hundred and twenty days late.
Speaker 5: Yeah, and that's going to be on her credit. She
Speaker 5: already torched it.
Speaker 2: What is your income per year?
Speaker 10: About forty five thousand.
Speaker 5: She's never going to qualify, But you're even a hard
Speaker 5: Is you any loan? There's not enough equity?
Speaker 2: What is your total what is your total equity? Not equity?
Speaker 17: Sorry?
Speaker 2: Your total loan to sixty seven to sixty seven? You know,
Speaker 2: you might want to call Frank Ran the real estate man,
Speaker 2: and I'll tell you why. He can help you possibly
Speaker 2: sell it. Now. You probably don't want to sell it,
Speaker 2: but it's better than being foreclosed on.
Speaker 10: Yeah, it's an option for sure.
Speaker 2: I mean he's helped a lot of people. What he
Speaker 2: does when he steps in, he contacts the lender, he
Speaker 2: puts off a foreclosure many times because they trust him,
Speaker 2: and then he goes out and sells it and then
Speaker 2: you at least salvage some equity that Let me give
Speaker 2: you his number. I'm serious, you call him because he
Speaker 2: has done this a lot for people. Now in this
Speaker 2: economy or recently he hasn't, but back in the recession
Speaker 2: of my god, he's been doing it. Frank Duran homes
Speaker 2: dot com or Frank Duran the real estate man dot com.
Speaker 2: But here's his number, three oh three, nine to zero
Speaker 2: sixteen twenty two. He will tell you also what he
Speaker 2: thinks it will sell for. It might sell for more
Speaker 2: than you think. And I'm just saying, Sean, that might
Speaker 2: not be optimum, but it's sure better than losing everything.
Speaker 2: Another question, real quick, how long have you been in
Speaker 2: the home for years? Oh my god, So you don't
Speaker 2: relish the idea of leaving at all. I'm sure.
Speaker 10: I'm not stuck in one particular thing. It's a lot
Speaker 10: of memories, for sure.
Speaker 2: But also.
Speaker 10: I realized that might have to take certain options.
Speaker 2: You know, please call him and Brad O'Brien, thank you
Speaker 2: very much for being here again. For real estate issues,
Speaker 2: we use Brad all the time, and he can really
Speaker 2: help with landlords, of course if they're facing squatters or
Speaker 2: evictions and stuff. I wonder if he wants to hang
Speaker 2: on for Keith's well, probably not. It doesn't matter. We're
Speaker 2: gonna take Keith after the break, and we're going to
Speaker 2: take Ivan about a car warranty issue and then an
Speaker 2: issue with the United States Postal Service three oh three
Speaker 2: seven one three eight two five five. Go with a
Speaker 2: sure thing Denver's Best roofer Excel Roofing dot com. You
Speaker 2: don't pay a cent until you're content. Time for an
Speaker 2: insurance check up free, no obligation comparison call Compass Insurance
Speaker 2: paying too much your coverage at dozens of insurance companies
Speaker 2: find out now three oh three seven to seven to
Speaker 2: one help. You'll think you're his only customer when you
Speaker 2: choose Frank durand the real estate Man dot com to
Speaker 2: list your home with Remax Alliance three oh three nine
Speaker 2: two zero sixteen twenty two. I'm Tom Martino, your troubleshooter
Speaker 2: three oh three seven one three talks seven one three, eight,
Speaker 2: two five five Keith, what is your comment on evictions, sir?
Speaker 2: What is your comment?
Speaker 18: Well, regarding that caller that called in about the you know,
Speaker 18: the the ruining the cooler because he said it to
Speaker 18: sixty seven, it's my guess is that because of the
Speaker 18: new law, you have to you can't you can't end
Speaker 18: somebody lease anymore. You have to evict them for cause,
Speaker 18: which means they probably don't want them there, and they're
Speaker 18: coming up with something because sixty seven degrees is outrageous,
Speaker 18: you know, to hold him accountable for ruining the cooling system.
Speaker 2: By saying, well, first, let's let's remember this, Okay, let's
Speaker 2: listen to this. He did not that that what froze
Speaker 2: up was the heat exchanger, just so you know, yeah,
Speaker 2: I mean what what not? A froze up? What leaked
Speaker 2: was that? And I don't know how the air conditioner
Speaker 2: side can affect the heat exchanger side, but even if
Speaker 2: it did, I mean, setting your air conditioner on sixty seven,
Speaker 2: as our attorney said, is not unreasonable exactly.
Speaker 18: That's what makes me think that they just want to
Speaker 18: get rid of them, and they're trying to come up
Speaker 18: with an excuse that would give them cause to eviction.
Speaker 2: All right, thank you, Keith, appreciate the comment. Now go
Speaker 2: to Rocky and we do have lines open at three
Speaker 2: zho three seven to one to three talk, or you
Speaker 2: can go to three oh three Martino three oh three
Speaker 2: six two seven eight four sixty six. Rocky, what's going
Speaker 2: on with the United States Postal Service?
Speaker 19: Sir?
Speaker 8: Well, I'm trying to get my mail delivered.
Speaker 2: Oh well, if that's not what they do, they just
Speaker 2: not just kidding.
Speaker 8: I never have a problem with They tell me they do,
Speaker 8: but they don't.
Speaker 2: Tell me what's going on.
Speaker 20: Well, we live in Greeley. We run both a business
Speaker 20: and we live here. Yeah, we have a mountain property
Speaker 20: outside of Fort Collins, which we've had for over thirty
Speaker 20: five years. Yeah, it's been in the family for a
Speaker 20: long time. We've gotten mail up there.
Speaker 2: Did it just stop all of a sudden or has
Speaker 2: it been intermittent? Rocky? How has it been?
Speaker 8: It's been somewhat intermittent.
Speaker 20: But what happened was a year ago or so. We
Speaker 20: don't We had ordered something from Amazon, and you know,
Speaker 20: when you order from Amazon, you don't always know how
Speaker 20: it's gonna come. Sometimes Amazon delivers it. Sometimes it's mail,
Speaker 20: you're right, Yeah, so we ordered something.
Speaker 2: And sometimes it's a Federal Express, and sometimes it's ups yeah, yeah, yeah, exactly.
Speaker 20: So we don't know. So why I ordered something from Amazon.
Speaker 20: It showed up through the mail, and then I get
Speaker 20: a letter in the box there when I'm picked it
Speaker 20: up from our carrier coming us. A couple of things.
Speaker 20: Number One, she's saying we haven't gotten mail in two years,
Speaker 20: which wasn't true, and by all right, she should just
Speaker 20: returned it upon arrival, but she was going to do
Speaker 20: me a favor this time and leave it there.
Speaker 2: What does she mean? Wait? Wait, wait, wait, she meant
Speaker 2: that you haven't gotten mail, or or she's delivered mail
Speaker 2: but you haven't picked it up.
Speaker 20: She No, she said, we have not received mail there,
Speaker 20: and once we've done two years, they're no longer obligated
Speaker 20: to deliver to us, which is number one. I don't
Speaker 20: think that's true.
Speaker 8: Number two, we do get mail, it's intermittent.
Speaker 20: We have a couple of trusts up there. I have
Speaker 20: a vehicle registered there. I cleaned that to her and
Speaker 20: she threw a fit because she said, you can't register
Speaker 20: that there.
Speaker 2: First of all, she's not a cop, and she's not
Speaker 2: a lawyer. She should shut up. But may I ask
Speaker 2: you this, Let me ask you this you have. Is
Speaker 2: it a cabin? Is it a mountain home?
Speaker 8: What is it? Well, it's a cap well we call
Speaker 8: it a cabin. It's a mountain home. I mean's three bedrooms, bath.
Speaker 2: So it's a vacation a mountain vacation home is.
Speaker 20: A vacation home.
Speaker 2: And you don't get and you don't get much mail there.
Speaker 2: So as a result, as a result, she said she's
Speaker 2: going to stop.
Speaker 20: She did. But so keep in mind.
Speaker 8: Now we're in a literary called tuter Citty.
Speaker 20: There's about twenty homes there. There's only one full time resident.
Speaker 20: Everybody else there is still getting mailed.
Speaker 2: So after I yeah, but maybe they get well yeah,
Speaker 2: but listen, she's saying. The issue is that if you
Speaker 2: don't get mail, then they don't consider it an active address.
Speaker 2: That's what she's saying.
Speaker 17: That's true.
Speaker 8: But it's in one of those row boxes that I bought.
Speaker 20: It's my box, and all.
Speaker 8: They got to do is put it in there. It's
Speaker 8: not a big deal. But if of the other eighteen
Speaker 8: people in that area, they're all just like us, have
Speaker 8: helms on the front range.
Speaker 20: And they're getting mail there. So when they got mad
Speaker 20: about it, then they fell back.
Speaker 2: Wa wait wait, wait, but are those neighbors they get
Speaker 2: mail there? Do they have spotty deliveries other times too?
Speaker 2: Are they do? They get not much mail?
Speaker 17: Just like us?
Speaker 20: Just like us, they're mostly weekender people. We go up
Speaker 20: for a week or two sometimes in the summer, different times.
Speaker 20: So now they've fallen back, and they told me that
Speaker 20: it is illegal, quote illegal to have two residential addresses
Speaker 20: in the United States, which is ridiculous.
Speaker 2: What are you talking about? It's illegal to have two
Speaker 2: residential What does that mean?
Speaker 20: You don't know what.
Speaker 8: They're talking It's ridiculous.
Speaker 20: I agree, I don't know. So I challenged them on it.
Speaker 20: I talked to the big post office. I talked to
Speaker 20: our post office and greely who thought it was ridiculous.
Speaker 20: They said, we deliver mail, that's what we do.
Speaker 8: This is this is ridiculous.
Speaker 2: Wait wait wait, now, who literally, Rocky. I'm sorry if
Speaker 2: I'm gonna call BS on this call, but who actually
Speaker 2: said to you, Rocky. I know you're frustrated, and I
Speaker 2: know you heard something that might sound like that, But
Speaker 2: who actually said you're not allowed to have two residential addresses.
Speaker 2: Who told you that?
Speaker 8: The postmaster in Bellevue, Colorado.
Speaker 2: Then we're gonna call him. No enough said, I want
Speaker 2: you to call him Bellevue, Colorado Depity. I'm gonna have
Speaker 2: Deputy D called Bellevue, Colorado. The postmaster told you, do
Speaker 2: you mind giving your I'm gonna, Rocky, I'm gonna have
Speaker 2: D call you off the air. Get your last name.
Speaker 2: I'm going to verify that before we go on. Okay,
Speaker 2: because that is a premise I cannot accept. If that
Speaker 2: postmaster told you that, I want him to tell us
Speaker 2: that you're not allowed to have two residences. There are
Speaker 2: people that have two houses all over. I have two
Speaker 2: houses and I get mail at both of them.
Speaker 4: Maybe they mean only one primary and then you can
Speaker 4: have money.
Speaker 2: But but what difference would that? How about the US
Speaker 2: post Office? No mark right that would think you would know?
Speaker 10: You know?
Speaker 2: Of course they wouldn't. It's ridiculous. It's absolutely ridiculous. Okay,
Speaker 2: So so hold on, Kachina, get this information. A Deputy D.
Speaker 2: I want him to call Bellevue post Office. Talk to
Speaker 2: the postmaster. Do you recall his name? Rocky?
Speaker 20: Well, but I want to tell you. She told me.
Speaker 20: She read me a thing. She said, I was going
Speaker 20: to take me a while to look it up. She
Speaker 20: took two weeks. She called back and read this thing
Speaker 20: that says we.
Speaker 8: Can't have two addresses. I asked her a copy of it.
Speaker 20: She said that is.
Speaker 8: Internal information and we're not.
Speaker 20: Allowed to disseminate that which is full. She read me
Speaker 20: something and she doesn't want to give me a copy
Speaker 20: of it her.
Speaker 2: So hold on. If she told you you're not allowed
Speaker 2: to have two residential addresses in the United States, I
Speaker 2: want her to tell us that. I want, I want.
Speaker 2: I want to do that because I think you're exaggerating,
Speaker 2: Tim to get our attention. I'm sorry, that's what I
Speaker 2: think you're doing, and I will help you without you,
Speaker 2: I mean, Rocky, without you exaggerating will help you. But
Speaker 2: but here's the deal. I also want to find out
Speaker 2: about that that that claim that if you get sparse
Speaker 2: mail delivery, they're allowed to call it inactive and not
Speaker 2: deliver mail anymore. That's what she's saying as well. So
Speaker 2: hold on and we'll come back to you, I promise. Meanwhile,
Speaker 2: Joe Canno, we got a question for you. Is there
Speaker 2: a minimum somebody wants to know with a four oh
Speaker 2: one k or an IRA. First of all, I want
Speaker 2: to explain something when Joe says, to draw money out
Speaker 2: of a four oh one k an I RA or
Speaker 2: a retirement count that is invested in the stock market
Speaker 2: or sitting idle because you left an employer, you have
Speaker 2: to have what's called in your plan the authority to
Speaker 2: take an in service distribution, or you must close the plan.
Speaker 2: So if you're still working and you've accumulated a lot
Speaker 2: of money and you want to start an annuity, you
Speaker 2: have to have an option and in your plan, and
Speaker 2: only the plan writer puts it in there what's called
Speaker 2: in service distribution, which allows you to take money out
Speaker 2: in lump sums and put them into iras which can
Speaker 2: then go into an annuity. If you do not have
Speaker 2: in service distributions, you have to close the plan, and
Speaker 2: that may not be recommended, but there are plenty of
Speaker 2: people with orphan plans they're no longer active, and for
Speaker 2: those you don't need an in service distribution. Having said
Speaker 2: all of that, the question to on the floor right
Speaker 2: now for Joe Cano, a certified financial planner, is this,
Speaker 2: is there a minimum amount to start an annuity, Joe.
Speaker 14: It is you know, don't with our company, it takes
Speaker 14: ten thousand dollars minimum to begin the annuity, only ten
Speaker 14: thousand dollars. Hey, Can I say something real quickly about
Speaker 14: the in service distribution that you were talking about? Yes, now,
Speaker 14: when people are over fifty nine and a half, I
Speaker 14: would say that over ninety percent of employers if they're
Speaker 14: still working for the same if the employees working with
Speaker 14: the same company, they can have the service distribution. The
Speaker 14: key is that they have to be over at the
Speaker 14: age of fifty nine and a half.
Speaker 2: Okay, yeah, but for that, if you're over fifty nine
Speaker 2: and a half, you don't need an in service dis
Speaker 2: That's right, that's right. Thank you for that clarification. You've
Speaker 2: bet my money my way dot com three oh three
Speaker 2: seven seventy nine sixty six hundred go with a sure
Speaker 2: thing Denver's best roofer Excel roofing dot com. You don't
Speaker 2: pay a cent until you're content. Time for an insurance
Speaker 2: checkup free, no obligation. In comparison, call Compass insurance paying
Speaker 2: too much your coverage at dozens of insurance companies find
Speaker 2: out now three oh three seven seven to one help.
Speaker 2: You'll think you're his only customer when you choose Frank
Speaker 2: durand the real estate man dot com to listen your
Speaker 2: home with Remax Alliance three all three nine two zero
Speaker 2: sixteen twenty two. Hi Tom Martino here three all three
Speaker 2: seven one to three talk. I want to know if
Speaker 2: this improves anything. I'm going to turn off that something
Speaker 2: here and just see if it helped. Right there, let
Speaker 2: me know, especially you pain in the ass. And that
Speaker 2: is a hutch on YouTube By the way, people, I'm
Speaker 2: sorry if you're not on YouTube and streaming because you're
Speaker 2: missing half of the show. But hey, Cyrus is on
Speaker 2: and wants to talk about an air conditioning problem. Hi Cyrus,
Speaker 2: what's happening with you? What's going on?
Speaker 21: Cyrus to youto, sir, I appreciate that very much. I
Speaker 21: have this quill is sitting outside of my house and
Speaker 21: it hasn't been cleaned with the last what six seven
Speaker 21: years or something like that.
Speaker 2: Wait wait, wait, what's what's sitting outside your house?
Speaker 21: It will that attached to my head counditioning that is
Speaker 21: based on us.
Speaker 2: Oh you mean like a grill like you're talking about
Speaker 2: like the condenser.
Speaker 21: Yeah, commenser, Yes, okay, is sitting outside right.
Speaker 2: And it hasn't been cleaned. Where are you located, Cyrus?
Speaker 21: I am in West Winster them have you ever?
Speaker 2: You know? For thirty nine bucks Man, you can get
Speaker 2: that sucker clean like there's no tomorrow.
Speaker 16: Yes, I do, I do, I do.
Speaker 21: I'm culling to that till the nine dollars.
Speaker 2: Yes, now the thirty nine. Let me make this clear.
Speaker 2: The thirty nine dollars special the extreme clean. It's thirty
Speaker 2: nine for the AC system because that has a whole
Speaker 2: system to itself. They do share some common components with
Speaker 2: the furnace, but it's thirty nine dollars for just the
Speaker 2: furnace and thirty nine dollars for just the AC so
Speaker 2: you can have them both done. I think they'll probably
Speaker 2: give you a deal. In fact, you know, I'll ask
Speaker 2: George if it'll give you a deal. But here's the thing,
Speaker 2: no matter what, even if you paid thirty nine for each,
Speaker 2: it's well worth it. I swear to you. They spend
Speaker 2: an hour and a half to two hours doing this thing,
Speaker 2: and it's really cute.
Speaker 16: Come yeah, I trust you.
Speaker 2: How old is your system?
Speaker 10: Oh?
Speaker 21: I would say twenty nine years old?
Speaker 2: Okay, Cyrus. I'm going to give you a warning on something,
Speaker 2: and it's not just about fix it, it's about any
Speaker 2: company in the world. And Mark will back me up
Speaker 2: on it. Let me bring up, let me you know.
Speaker 2: I actually we're we're we're leaving right now, so hold on.
Speaker 2: We're going to come back to you then. Mark, we're
Speaker 2: going to talk about some of the dangers when you
Speaker 2: have an older system and most any other company, they're
Speaker 2: going to recommend a new one, and I'm going to
Speaker 2: tell you what to do about that. Coming up, Okay,
Speaker 2: I'm Tom Martino. More to come on the Troubleshooter Show.
Speaker 2: Get your calls in three oh three Martino three oh
Speaker 2: three six two seven eight four six ' six Go
Speaker 2: with a sure thing Denver's best roofer Excel Roofing dot com.
Speaker 2: You don't pay a cent until you're content. Time for
Speaker 2: an insurance check up free no obligation comparison call Compass
Speaker 2: Insurance paying too much your coverage at dozens of insurance
Speaker 2: companies find out now three oh three seven seven one help.
Speaker 2: You'll think you're his only customer when you choose Frank
Speaker 2: durand the real estate Man dot com to list your
Speaker 2: home with Remax Alliance three oh three nine two zero
Speaker 2: sixteen twenty two.
Speaker 1: Ritter you you need advice so you don't have Come
Speaker 1: runs as fast as a can. No Shooter's gonna help.
Speaker 5: Come six is the Troubleshooter Show.
Speaker 2: No Don Martinez, Hi, Tom Martino here, welcome to the show.
Speaker 2: Let me bring in my compadres in the studio. You
Speaker 2: see Mark back there with the goatee that's very very long,
Speaker 2: looks like a mountain man. And then then we have
Speaker 2: a certified financial planner, Screenwright, and then the back of
Speaker 2: the head, thank god, is Deputy Dollar. If you're tuning
Speaker 2: in to YouTube, and by the way, if you're on radio,
Speaker 2: great because that's where most of our audiences, the YouTube
Speaker 2: morons just entertain us and seriously get your calls in
Speaker 2: to get help, information and referrals, because that's what we
Speaker 2: do here. And on a serious note, we have had
Speaker 2: some really major major things this week. Mark, can you
Speaker 2: recap because you took over yesterday after I had to
Speaker 2: take off, and so I want to recap this problem.
Speaker 2: A guy said that he bought a car and it
Speaker 2: had major damage. It was a Subaru eighteen thousand miles
Speaker 2: on it. He bought an extended warrant. The rear end
Speaker 2: gave out. He took it to Shomp and Schamp fixed
Speaker 2: it and did not charge him. And then he said,
Speaker 2: and it went out again, and he took it to
Speaker 2: Schamp and they saw major, major damage. And he wants
Speaker 2: his money back or something, or he wants the dealer
Speaker 2: to fix it.
Speaker 4: I think his wife did something to the car.
Speaker 2: Really, Yeah, why because there were two videos?
Speaker 5: Right, yeah, there's two videos.
Speaker 4: So the first one there's no problem, and then a
Speaker 4: week later there's problems. I mean that there's broken things underneath.
Speaker 4: Somebody hit something. He claims it's not him. The only
Speaker 4: other person that I think it could be is his wife.
Speaker 4: He doesn't think his wife would lie, although I didn't
Speaker 4: think Suzanne would lie to me. And I guess it's
Speaker 4: not technically lying if you don't say anything, right, it's
Speaker 4: withholding information. So I think his wife is withholding information.
Speaker 2: What did the video show that he had two videos?
Speaker 2: In fact, the dealer Booth Motors is the one that
Speaker 2: told us about this. They said, look, this was not like.
Speaker 4: The videos over to Kevin Calkin to analyze so before
Speaker 4: and after, and Kevin was like, there is no way.
Speaker 5: This car was not in an accident or.
Speaker 4: Run over something or someone did damage to it in
Speaker 4: that week's time period. And Booth Motors Nick Booth. I
Speaker 4: think it was Nick. He's a stand up guy. I
Speaker 4: don't know if you remember this, but we did have
Speaker 4: a problem probably a year or so ago with him.
Speaker 4: I don't even remember what it was, but he hopped
Speaker 4: right on it. I don't know if it was something
Speaker 4: they did, I just don't remember. But as far as
Speaker 4: automotive dealers go, it's nice when the guy will hop
Speaker 4: right on if there's an issue. Most of these these
Speaker 4: new dealerships, my god, they won't hop.
Speaker 2: On it all. Not only that Mark, but Longmont dealerships.
Speaker 2: Come on, you gotta admit we.
Speaker 5: Booth might be the only good one in long Mind.
Speaker 2: You really you really feel I mean, you got a
Speaker 2: good gut and you felt good about this? Yeah?
Speaker 5: I do, I feel good about Wow.
Speaker 2: Wow, that's that's cool. Let me bring you in here. Okay. So,
Speaker 2: so you talked to him and you feel the guys
Speaker 2: being straight.
Speaker 4: There's no there is no way that damage was there
Speaker 4: the first time, meaning there's no way Booth Motors sold
Speaker 4: the car.
Speaker 2: And Shop took videos both times.
Speaker 4: Right, Yeah, they took videos when they first brought it in,
Speaker 4: and I only took videos they did in alignment, and
Speaker 4: the alignment came out perfect. So therefore, when all this
Speaker 4: other damage happened there, there's no way they could have
Speaker 4: aligned it.
Speaker 5: It'd be impossible, all right.
Speaker 2: So basically we're closing this. We don't have anybody to
Speaker 2: go after. And Tim, he's pissed.
Speaker 5: Yeah, I got it for his wife. That would be
Speaker 5: the only personals.
Speaker 2: Okay, but he said there's nothing happened to car. He
Speaker 2: didn't know about it. Okay, fine, then we had of course, Uh,
Speaker 2: we have two other pending problem. So I'm going to
Speaker 2: go to the phones first. Uh three oh three, seven
Speaker 2: to one three talks seven one three A two five
Speaker 2: five JR wants to JR. One of our YouTube warns
Speaker 2: he's also pretty smart with cars. He has a comment.
Speaker 2: Go ahead, JR. You have a comment on that damage car.
Speaker 2: We were just talking about, right, what's happening?
Speaker 13: Yeah, how far in between the alignment and the damage
Speaker 13: was noticed? Because how many times have you had people
Speaker 13: call in and say I've took my car to a
Speaker 13: dealer or a mechanic. Next thing, you know, I see
Speaker 13: him driving my car around.
Speaker 5: Well, it was one week.
Speaker 13: Hitter alignment on it, and at a WJR.
Speaker 2: It was one week, it was one week later, one
Speaker 2: week later.
Speaker 9: It's a hot rod. I would love to drive that
Speaker 9: car crazy, What if they do?
Speaker 2: You mean hot rod? It's a twenty twenty one.
Speaker 4: Or when he picked it up from the dealership, the
Speaker 4: dealership said they did the alignment, gave it to him,
Speaker 4: and he said the vehicle drove perfectly. He said there
Speaker 4: was no problem. Then it went out a sudden.
Speaker 5: There was a problem three days later.
Speaker 2: Right, so JR. Yeah, I think go ahead.
Speaker 13: After the alignment, they do a test drive.
Speaker 5: The dealership decided to go ruin, Jr.
Speaker 2: Are you saying that in the test drive the dealership
Speaker 2: did it did to them.
Speaker 4: And then it just so happened to drive perfect when
Speaker 4: he picked it up for three days for a week.
Speaker 2: He's making no sense. Sorry, I think he's got I
Speaker 2: think he hit the vodka this morning. I mean he's
Speaker 2: making he usually makes really good sense. Does he's making
Speaker 2: argue that he's saying that the dealership test drove the
Speaker 2: car after the alignment, and the dealership did the damage.
Speaker 2: And then if that's the case, Why did the consumer
Speaker 2: say it drove great for the first week after it
Speaker 2: took it from the dealer. I don't I don't agree
Speaker 2: with any of it. Elliott, you have a question for
Speaker 2: Joe Keano certified financial place enter at my moneymway dot com.
Speaker 2: Go ahead, sir, Elliott.
Speaker 17: Go ahead. Yeah, yeah, I'm here. Thanks. And Joe, you know,
Speaker 17: can urg you guys offuse? You know about that six
Speaker 17: index and movie? And you know it sounds like, you know,
Speaker 17: you know something that I that I, you know, definitely
Speaker 17: want to look into. And I do have some other
Speaker 17: investments and uh that I probably don't want to touch,
Speaker 17: you know, that are yeah, high value. But I also
Speaker 17: have you know, some other money, you know, kind of
Speaker 17: put away, you know, and like some interest bearing savings
Speaker 17: at alense, you know, you know, and one of them,
Speaker 17: I've got about sixty five or sixty seven thousand dollars.
Speaker 17: Do you think I'm a good candidate there for that Fictioniti?
Speaker 2: And now are you going to be able? I just
Speaker 2: want to ask you this before Joe chimes in, are
Speaker 2: you gonna are you going to add to that over
Speaker 2: the years or do you want to do a lump
Speaker 2: sum of sixty seven.
Speaker 17: Probably a lump sums. You know, you know because I'm
Speaker 17: retired now, so you know that.
Speaker 2: If you did a lump sum of sixty and when
Speaker 2: do you plan on tapping it for income?
Speaker 17: I'm already kind of taking disbursement, so my retirement income.
Speaker 2: So do you want to I know, but on this annuity,
Speaker 2: if you did sixty seven thousand, when do you anticipate
Speaker 2: you'd want to start taking that income? Do you need
Speaker 2: it right away?
Speaker 17: No? No, I mean, I mean I don't know five
Speaker 17: ears down the line.
Speaker 2: Okay. So basically, here's what's going to happen. Joe, right
Speaker 2: he gets doesn't he get an immediate ten thousand dollars bump.
Speaker 14: He'll get a fifteen percent bonus, okay.
Speaker 2: Which is about ten grand.
Speaker 12: Fifteen percent bonus.
Speaker 14: And Elliott, I think you would be a perfect candidate
Speaker 14: for the annuity.
Speaker 12: Number One, you're retired. I'm sorry, you're retired.
Speaker 14: So right now you have the money sitting on a
Speaker 14: at a bank account, which is not really providing you
Speaker 14: with all the benefits that the annuity will provide you with.
Speaker 14: One specific benefit will be a guaranteed lifetime income. So
Speaker 14: five years from now or if you can wait seven
Speaker 14: years or any time.
Speaker 2: Kenny, Okay, let's let's do what he really asked about.
Speaker 2: He's going to have sixty seven, it's going to be
Speaker 2: basically seventy seven with the bump, and he gets seventy
Speaker 2: seven for five years. What's that going to amount to
Speaker 2: in five years? For income?
Speaker 14: D Well, you know, I mean normally the annuity doubles
Speaker 14: in about five to seven years. So without having my
Speaker 14: calculator in front of me here, I can't tell you
Speaker 14: exactly what.
Speaker 2: That even if. Okay, but that's the principle we're talking about.
Speaker 2: I'm talking about the monthly check.
Speaker 14: Yeah, that's something that we need to calculate, Aliat, right right,
Speaker 14: and I need to I need no your age for
Speaker 14: one thing, and what kind of calculated and I can
Speaker 14: send you the information.
Speaker 2: Yeah, that's right. In five years, how old are you
Speaker 2: going to be.
Speaker 17: Five years? I will be sixty eight years.
Speaker 12: That perfect.
Speaker 14: Yeah, you're the perfect person for an annuity because it
Speaker 14: has to be besides the guaranteed income, it has long
Speaker 14: term care benefits and it has a death benefit.
Speaker 17: So so i've heard you know kind of you know,
Speaker 17: been teaking my curiosity. If I hear Tom and you
Speaker 17: come on regularly and it's like this my in on
Speaker 17: my way dot com. Uh yeah, but I would like
Speaker 17: to go ahead and pursue this and I can provide
Speaker 17: you with my you know a little bit more and
Speaker 17: you know information about me, and uh maybe we can
Speaker 17: pick it up. But I do like one thing you said,
Speaker 17: you're never losing You're.
Speaker 12: Never going to lose any money. You're not going to
Speaker 12: lose that.
Speaker 4: And even if you croaked, whoever you're leaving the money
Speaker 4: to would actually get it as well, right.
Speaker 12: If you prematurely die Illia, oh croaked?
Speaker 2: Yeah?
Speaker 12: Okay, Well, so let me have your uh.
Speaker 17: Okay, I'm interested in rest.
Speaker 12: Okay, So how can we get your information?
Speaker 5: Kelly?
Speaker 2: Yeah, let's let's just we'll just give look, we'll just
Speaker 2: get his number. You can call him later. But I'm
Speaker 2: going to I'm going to tell you that I did
Speaker 2: some calculations based on being sixty eight and five years
Speaker 2: and you could see monthly payouts up to five hundred
Speaker 2: a month depending on the specific interest rate environment, but
Speaker 2: it could be about five maybe even a little more
Speaker 2: a month, five hundred a month in five years, and
Speaker 2: that's providing you get a fifteen percent bump. Now, Joe
Speaker 2: can do those calculations to give you an exact amount
Speaker 2: because it is guaranteed, right Joe, absolutely guaranteed.
Speaker 4: What I would like is maybe have Jordan or someone
Speaker 4: in your office run if someone out there forty years
Speaker 4: old right now, because here's where you make the big bucks.
Speaker 5: I don't care what anybody says.
Speaker 4: And you put one hundred thousand or two hundred thousand
Speaker 4: whatever you've had saved up, and then it sits there
Speaker 4: and grows for twenty five years. You're looking at a huge,
Speaker 4: a huge.
Speaker 2: Very very good, very good. Yeah, if that Rep man,
Speaker 2: can you have Jordan calculate that.
Speaker 12: He's not at the office right now? Oh okay.
Speaker 14: But the thing is, though, I we'll definitely get those
Speaker 14: numbers for Elliott, all.
Speaker 2: Right, and we have to we have to take a break.
Speaker 2: Three oh three seven one three talks seven one three
Speaker 2: eight two five five eight eight eight Heating dot Com
Speaker 2: Garrett and his team great people for high efficiency hybrid systems.
Speaker 2: You have a solar system, you might want to do
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Speaker 2: or you can do go with a sure thing Denver's
Speaker 2: best roofer Excel Roofing Dot com. You don't pay a
Speaker 2: cent until you're content. Time for an insurance checkup free
Speaker 2: no obligation comparison call Compass Insurance paying too much your
Speaker 2: coverage at dozens of insurance companies find out now three
Speaker 2: oh three seven seven to one help. You'll think you're
Speaker 2: his only customer when you choose Frank durand the real
Speaker 2: estate Man dot com to list your home with Remax
Speaker 2: Alliance three oh three nine two zero sixteen twenty two.
Speaker 2: Hi Tom Martino here three O three seven one three
Speaker 2: talk three oh three seven one three eight two five five.
Speaker 2: All right now, Ryan, jeez.
Speaker 5: Well go back.
Speaker 4: Let's pull him back up. I mean, here's the bottom
Speaker 4: deal he's saying. One, listen to this. Since he bought
Speaker 4: the vehicle brand new from I think he said AutoNation
Speaker 4: in twenty twenty one, it's been in the shop one
Speaker 4: out of every seven days.
Speaker 5: That's crazy.
Speaker 2: And it all started one year after So he can't
Speaker 2: invoked the Lemon law. The warranty, Ryan, we we we
Speaker 2: were talking about did the warranty take care of everything?
Speaker 11: The warranty has covered the majority of the repairs, however,
Speaker 11: not all the repairs, because they've blamed me for some
Speaker 11: of these.
Speaker 2: What did they blame you for? What did they blame you?
Speaker 11: There was a hole in this hose that was up
Speaker 11: against the firewall of.
Speaker 5: The What was it a line?
Speaker 11: No, it was like an air.
Speaker 2: Intake for those Well, how can they blame you for that? Though?
Speaker 2: How can they blame you for that?
Speaker 11: They said that I probably did it when I changed
Speaker 11: the air filter, but it was up against the firewall.
Speaker 11: I'm telling them, I have no idea.
Speaker 2: How would it have broken itself?
Speaker 5: Is it possible?
Speaker 4: Let's look at it from their stance, if you didn't
Speaker 4: mess with anything, how would that just break? Is it
Speaker 4: like a hose it busted or what?
Speaker 2: No, the holy said it's it's.
Speaker 11: Yeah, it's a plastic thing that had a bracket mounted
Speaker 11: to like the firewall or the something.
Speaker 8: And then so when when something.
Speaker 15: Moved, it broke.
Speaker 2: Yeah, but that's minor compared that's minor compared to everything else.
Speaker 2: So let's let's talk about the overall truck. What the
Speaker 2: hell's going on with it? When you said it's in
Speaker 2: the shop for one hundred and seventy days, I want
Speaker 2: you to think carefully how many different problems or where
Speaker 2: they're just basically the same ones over and over.
Speaker 11: No, there's been a plethora of various problems, everything from
Speaker 11: transmission to motor mounts, to catalytic converter to emissions.
Speaker 2: Well this sounds terrible.
Speaker 5: Well it's out of manufacturer's warranty, so or no, it's not.
Speaker 5: You said right, It is currently.
Speaker 11: Under warranty, but I only have like ten thousand miles
Speaker 11: before I'm out of warranty. Well, when they just keep
Speaker 11: fixing it and giving me.
Speaker 1: The truck, no, I get it.
Speaker 2: I get what you're saying. You're afraid of the damn thing.
Speaker 2: What's gonna happen.
Speaker 4: What I do is let's get it fixed for the
Speaker 4: umpteeth time and put it up for sale.
Speaker 2: Man may I Yeah, I wondered that's what it's going
Speaker 2: to ask. What do you want Ryan though?
Speaker 4: And do it quickly while they still have ten thousand
Speaker 4: miles of manufacturer's warranty, because when people are looking to
Speaker 4: buy a used vehicle, that's really important.
Speaker 11: Yes, absolutely, and I plan on selling it as soon
Speaker 11: as I get it back. However, I'm I am not
Speaker 11: sure I feel comfortable with that, because I here, I
Speaker 11: am passing off this problematic truck that I.
Speaker 5: Believed and traded it my back. Yeah, I'm not here
Speaker 5: to try to help your conscience.
Speaker 2: But no, But Ryan, what do you Ryan? What do
Speaker 2: you want? When you called us? What do you want? Basically?
Speaker 2: What are you calling about? Like, like, if you could
Speaker 2: do something, do you want them to buy it back?
Speaker 2: What do you want?
Speaker 11: I would like it. I feel like i'd be fair
Speaker 11: if they bought it.
Speaker 5: They're not buying it back.
Speaker 4: Yeah, correct, they'd probably do it, trade in on it
Speaker 4: and probably give you a fair price.
Speaker 2: Yeah, Like, if they're the ones fixing it, they should
Speaker 2: be able to take it in on trade.
Speaker 11: If in my opinion, they're lowballing me because they know
Speaker 11: it's a problematic truck on trade.
Speaker 2: In, well, what are they offering they get there, I've.
Speaker 11: Been offered from thirty two thousand to thirty.
Speaker 2: Five thousand, and well, how do you know it's lowballing?
Speaker 2: Let's ask Rodney hold on a second. Let's ask Rodney.
Speaker 2: He's a great guy, and if he took it in
Speaker 2: on trade, he'll give us.
Speaker 4: Honestly, if all of this stuff I'm trying to think,
Speaker 4: if it would show up, Yeah, it probably is on Carfax, have.
Speaker 1: You by the way.
Speaker 2: By the way, hold On, hold on. I want to
Speaker 2: get to Dan McKenzie right now because I've been trying
Speaker 2: to get him on for a while on this quick claim.
Speaker 2: Then will you have a comment on this? Hang on?
Speaker 2: Will have will hang on? He has a comment on
Speaker 2: Ryan's issue. First, Dan McKenzie, Dan, I appreciate you being here.
Speaker 2: And Dan McKenzie in estate planning attorney at eight three
Speaker 2: three Coeo Plans. I want a quick question Dan. We
Speaker 2: had a guy call in and he wanted to know
Speaker 2: if he could undo this. And here's what it is. Basically,
Speaker 2: his father deeded him the house in a quit claim deed,
Speaker 2: and he inherited his dad's basis of like some ridiculous
Speaker 2: amount and like two hundred thousand and it's worth like
Speaker 2: six hundred now or something. He just wants to know,
Speaker 2: and I told him that was the wrong way to
Speaker 2: do it. They should have done a beneficiaries deed or
Speaker 2: some kind of trust or whatever. He wants to know.
Speaker 2: Can I undo it? Can Can my dad just quit
Speaker 2: claim it back to him? I mean, can I just
Speaker 2: quit claim it back to him?
Speaker 15: So?
Speaker 2: How does that work?
Speaker 22: I think you know, I've been told that that really
Speaker 22: can happen. That might be a better question for a CPA.
Speaker 22: But if the intent was not necessary to give but
Speaker 22: you know, for convenience purposes or something for estate planning purposes,
Speaker 22: it is possible that they could save that capital game
Speaker 22: basis actually so.
Speaker 2: So if he undid it and went back to his
Speaker 2: own you don't think it might screw with anything. I mean,
Speaker 2: like I.
Speaker 22: Said, I would, I would confirm with the CPA first
Speaker 22: because it's like, you know, the death probably should have
Speaker 22: filed a gift tax return. Call Eric, yeah, and then uh,
Speaker 22: and then you know he might have to do it
Speaker 22: again on the way back. But I have been told
Speaker 22: when I when I've investigated this, that there is a
Speaker 22: way that potentially it could be done and uh and
Speaker 22: preserve that capital game.
Speaker 20: Step up.
Speaker 2: Okay, Okay, I don't think they did a gift tax return.
Speaker 2: I don't think they knew what they were doing now
Speaker 2: so does Yeah. But but thank Stan McKenzie ate three
Speaker 2: to three co plans and and that's really what we
Speaker 2: wanted to ask. So we will check with Eric Reinemer
Speaker 2: or or one of the people at Atlas CPAs and Advisors.
Speaker 2: Thank you, uh, to get a second opinion on it.
Speaker 5: I'm curious as hell now on that deal.
Speaker 2: Yeah, I really am too.
Speaker 4: Now the guy needless to say, if the guy was dead,
Speaker 4: it doesn't matter, right, there's no way they do anvers.
Speaker 2: You don't undo it then, so we we do have
Speaker 2: to take a break. I'm gonna ask everyone's indulgence on
Speaker 2: sticking around. Please three all three seven, one three eight
Speaker 2: two five five go with a sure thing Denver's best
Speaker 2: roofer Excel Roofing dot com. You don't pay a cent
Speaker 2: until you're content. Time for an insurance checkup free, no obligation.
Speaker 2: In comparison, call Compass Insurance paying too much your coverage
Speaker 2: at dozens of insurance companies find out now three all
Speaker 2: three seven to seven to one help. You'll think you're
Speaker 2: his only customer when you choose Frank durand the real
Speaker 2: estate Man dot com to list your home with Remax Alliance.
Speaker 2: Three oh three nine two zero sixteen twenty two. Hi
Speaker 2: Tom Martino, your trouble shooter three oh three seven one
Speaker 2: three talk three o three seven one three eight two
Speaker 2: five five people, I got I got some news for you.
Speaker 2: Never ever, ever, ever, ever take melatonin in the morning.
Speaker 4: I think most people listening would probably know that already.
Speaker 2: Oh God, no mark this.
Speaker 5: I suggest you throw ambient in with that as well.
Speaker 2: And they said one milligram shouldn't make you sleepy. One
Speaker 2: milligram is making me extremely sleepy. And anyway, uh, the
Speaker 2: only time I get this sleepy is when you do
Speaker 2: the show. And uh, I just I listen to get
Speaker 2: a nap anyway, three just the opposite. Actually, I'm on
Speaker 2: what anyway? Three oh three, seven, one, three eighth two,
Speaker 2: five to five. Let's talk to Ryan with this multiple
Speaker 2: issues on the twenty twenty one. I don't know what
Speaker 2: were we going to do with this.
Speaker 4: I mean, well, he's going to trade it in. I
Speaker 4: don't know where else we're going to get Rodney.
Speaker 2: I wanted to get Rodney, that's why.
Speaker 5: And see if the values right good idea.
Speaker 11: Part of the reason I can't trade it in right
Speaker 11: now is because they still have my truck.
Speaker 2: Well good, then you're going to get it back. I mean,
Speaker 2: I just want to know what price you should get
Speaker 2: for that, and if they're treating you fairly. Hold on, Kachina,
Speaker 2: did you hear me ask for Rodney if you could
Speaker 2: try him? And that would be great at JFR Cars.
Speaker 2: Now Samantha's calling Samantha is calling back with the Larry H.
Speaker 2: Miller deal. Now, Samantha, when we last checked with you,
Speaker 2: obviously this was a we had an attorney on to
Speaker 2: analyze this. You bought a twenty twenty dodge ram from
Speaker 2: Larry H. Miller. Two weeks later they said, look, we
Speaker 2: can't get the financing assigned. You need to put more
Speaker 2: money down now according to your contract or not. Two
Speaker 2: weeks later they called you four weeks later or something
Speaker 2: like that. I think on seventeen days. Oh, I know
Speaker 2: what it was. No, it's twenty seven days. Twenty seven
Speaker 2: days later, and according to our attorney, they only have
Speaker 2: ten they only have really ten days to notify you,
Speaker 2: and according to their own contract it's ten days. But
Speaker 2: here's what I want to know. She said, you could
Speaker 2: probably hold him to the deal. But Mark analyzed that
Speaker 2: deal and says it sucks. You ought to just undo it. Anyway,
Speaker 2: Where do you stand right now?
Speaker 4: Yeah, you bought Why did you buy every piece of
Speaker 4: mop and glow they threw at you?
Speaker 23: So at this point I'm actually.
Speaker 10: Working with Rena.
Speaker 23: We're actually going to be repleaning her so that way
Speaker 23: we can move forward.
Speaker 2: Good.
Speaker 23: I mean, ultimately, you know.
Speaker 9: This is this is ultimately my husband's.
Speaker 23: Truck, and this is the truck that he worked very
Speaker 23: hard for, right, you know, like we're.
Speaker 3: Going to follow through with that.
Speaker 23: You know, We've we've got several different you know, like
Speaker 23: options as far as like talking to the police, talking
Speaker 23: to attorneys, talking to you guys. Yeah, you know, actually
Speaker 23: you know, filing filing a chart with the.
Speaker 10: Department of Revenue. Yeah, there's a bunch of things going on,
Speaker 10: right good.
Speaker 23: Yeah, So we're definitely following.
Speaker 2: But here's what you need to tell your husband. Just
Speaker 2: the deal itself there, it was packed with a lot
Speaker 2: of junk you didn't need. I mean seriously, and and
Speaker 2: I don't know if you're even if you're going to
Speaker 2: fight for this deal, if you will ever have the
Speaker 2: opportunity to remove some of that junk. But it was
Speaker 2: a bad deal, sister. It was a bad deal. Like,
Speaker 2: you got a lot of crap you didn't need. And
Speaker 2: I'm thinking, I don't know, I'm just thinking that it's
Speaker 2: not something that you you want. I'm Tom Martine. We
Speaker 2: have more coming up on the Troubleshooter Show. Stick around
Speaker 2: and we'll see what we can do for you. Three
Speaker 2: oh three seven one three talk or three oh three
Speaker 2: Martino go with a sure thing Denver's Best roofer Excel
Speaker 2: Roofing dot com. You don't pay a cent until you're content.
Speaker 2: Please time for an insurance check up free, no obligation
Speaker 2: comparison call Compass Insurance paying too much your coverage at
Speaker 2: dozens of insurance companies find out now three oh three
Speaker 2: seven seven to one help. You'll think you're his only
Speaker 2: customer when you choose Frank durand the real estate Man
Speaker 2: dot com to list your home with Remax Alliance three
Speaker 2: oh three nine two zero sixteen twenty two.
Speaker 1: D News need advice so you don't have come runs
Speaker 1: a cam Shooter's gonna help.
Speaker 20: Come man, this is.
Speaker 5: The Troubleshooter Show.
Speaker 2: Know Tom Martinez, Hey, welcome to the show. Three o
Speaker 2: three he's seven one three talk three oh three, he's
Speaker 2: seven to one three eight two five five. What's going
Speaker 2: on in your life? How can we help you? Let's
Speaker 2: uh talk? What is going on? Well? We have who
Speaker 2: do we have in the studio? Mark with you? Did
Speaker 2: I know Joe? I believe?
Speaker 4: So Jordan has joined us and he's going to run
Speaker 4: some numbers for us on a annuity.
Speaker 5: And then we've got Deputy Dollar. That's here.
Speaker 4: We've got Dragon of course on the other side, waving,
Speaker 4: and then Kelly answering the phones.
Speaker 2: Okay, let me go back to Deputy d here with me.
Speaker 2: There was a guy who called in about the Post Office. Dan.
Speaker 2: He said that he if you don't get a lot
Speaker 2: of mail, they they cut off your mailbox from ever
Speaker 2: getting mail again. That was one claim he made. If
Speaker 2: you get intermittent mail, you can be cut off. Is
Speaker 2: that true or not?
Speaker 24: No, I successfully reached a great enthusiastic contact way inside
Speaker 24: the Post Office. Yeah, and I just spoke with him,
Speaker 24: so he's going to investigate this issue, both of these questions. Internally,
Speaker 24: it sounds like there was a miscommunication. The mail should
Speaker 24: not stop after two years of inactivity. But besides that,
Speaker 24: the consumer disputes the two years of inactivity anyway.
Speaker 2: Okay, now, okay. Then he made another claim. He said
Speaker 2: he called the Post Office and they told him that
Speaker 2: when you have you can't have two residential addresses in
Speaker 2: the United States, which I think is bull crap. Yeah.
Speaker 24: I had a similar reaction, and our contact inside the
Speaker 24: Post Office has a reaction that's very similar to that too.
Speaker 2: Okay, that's not true. Yeah, he believes that the Lakes.
Speaker 2: I'm not going to handle I'm not going to handle
Speaker 2: this caller because I think we drop it when when
Speaker 2: callers are they don't tell us that truth. They try
Speaker 2: to get us.
Speaker 4: Why don't you think the caller told the truth and
Speaker 4: not the moron he was talking to at the post office.
Speaker 24: Well, you know, let me just finish what the gentleman
Speaker 24: at the post office is doing.
Speaker 2: And by the way, d did not talk to the
Speaker 2: guy he talked to him.
Speaker 5: No, no, I'm not talking to the guy you talk to.
Speaker 5: I'm talking about the guy he claims he talked too.
Speaker 12: Well, let me put it this way.
Speaker 24: The gentleman I contacted well within the post office is
Speaker 24: going to investigate this and he's going to enlist the
Speaker 24: help of the person who's in charge of the local
Speaker 24: postmaster to help resolve both of these issues. So the
Speaker 24: one who talked to him probably the one who talked
Speaker 24: to the consumer. Yeah, sounds to me like that lady
Speaker 24: was wrong. So the post office I think that. I
Speaker 24: wonder if the lady actually said it. Mark thinks maybe
Speaker 24: she did say.
Speaker 4: Dude, you know, they're better now, So I don't want
Speaker 4: to dog them like I used to, but they used
Speaker 4: to lie to me at the Franktown Post Office.
Speaker 5: They would say they.
Speaker 4: Tried to deliver stuff, there's nothing, and on a camera
Speaker 4: they're just outright liars. I mean, I don't know how
Speaker 4: else to put it, but I will clarify now that
Speaker 4: the majority of them are.
Speaker 5: Done and gone, and the new ones that are in,
Speaker 5: they're doing a better job.
Speaker 24: Great, Mark, Well, this gentleman is going to help us out.
Speaker 24: He's going to research this and get the assistance of
Speaker 24: you know, higher ups over there at Bellevue, and he's
Speaker 24: going to get back to us.
Speaker 2: He's going to get back to me and let me know.
Speaker 5: I can't wait to get a long term update on it,
Speaker 5: all right? Thanks?
Speaker 2: Three h three seven one three eight two five five.
Speaker 2: Do we have JEFFR. Cars On? Yes, we have Rod Greer. Rod.
Speaker 2: This guy's had nothing but trouble with his GMC, his
Speaker 2: twenty twenty one GMC brand new GMC Sierra. It's been
Speaker 2: in the shop one hundred and seventy days. But here's
Speaker 2: what I want to ask you, Rod, what would that
Speaker 2: get bring on trade in? How many miles on it?
Speaker 11: Ryan as have ninety thousand.
Speaker 2: Ninety thousand, so rod a twenty twenty one GMC Sierra.
Speaker 2: What what would it with ninety thousand miles? What would
Speaker 2: it bring in a trade?
Speaker 8: You guys come in a bad position. I'm actually rolling
Speaker 8: to get a new car from a dealer.
Speaker 17: But can give me if you can give me a
Speaker 17: little bit?
Speaker 2: Yes, it is.
Speaker 16: It a fifteen.
Speaker 11: It's a fifteen hundred eighty four and it has all
Speaker 11: the bells and whistles like the hud the improved the
Speaker 11: cameras all the way around, the improved sound system.
Speaker 7: It has all the bells in the in the four
Speaker 7: door or crew cap.
Speaker 2: Yes, sir, yes, sir Oka Okay.
Speaker 8: Has it ever had an accident or anything like that.
Speaker 2: Nope, just it's just a piece of crap. But don't
Speaker 2: don't take that into consideration, Rodney. When I say a
Speaker 2: piece of crap, he's had meetenance issues. But he's looking
Speaker 2: to trade it and he wants to know if they're
Speaker 2: giving him a fair price.
Speaker 17: Okay, I can definitely get that to you if you
Speaker 17: let me see if I can pull it up at
Speaker 17: the next viewership.
Speaker 2: I'm man. Whatever, Yeah, I give us a call. That
Speaker 2: would be great, Thank you, Okay, appreciate it. Three oh
Speaker 2: three seven, one, three, eight, two five five. Let's talk
Speaker 2: to Will, who has another car issue? Will, what's going on?
Speaker 19: Yeah, I had similar situation and I and I hired
Speaker 19: a lawyer, and he said, Colorado lemon laws don't work
Speaker 19: very well, but he went after a federal lemon law
Speaker 19: and was able to get it resolved.
Speaker 2: Now, that's really good to know. But I think I
Speaker 2: think what you're talking about is the the federal law.
Speaker 19: What is it?
Speaker 2: The Moss Magnuson Moss Act?
Speaker 5: Thank you?
Speaker 2: Is that it, sir?
Speaker 10: I'm not sure.
Speaker 3: I know.
Speaker 19: My situation was I had three the same problem. I
Speaker 19: had to be fixed three times.
Speaker 2: Right, that's right. Why why didn't the law? Why didn't
Speaker 2: the Colorado lemon law kick in?
Speaker 19: Because he said, it's a horrible lemon law.
Speaker 2: It just doesn't. Now what did the when? When when
Speaker 2: they went after you, when this attorney helped you, what
Speaker 2: did you get? What was the result?
Speaker 19: Well, he so he was reasonable. Mine wasn't as expensive
Speaker 19: as what you're doing. But he doesn't take any money
Speaker 19: up front, but he wants to split whatever he gets.
Speaker 19: So we settled for like three grand.
Speaker 2: Wait, wait, whatever he gets. So you kept the vehicle
Speaker 2: and got six grand and he took three or what
Speaker 2: tell me how this worked out?
Speaker 19: Well, So his deal is, I won't charge you anything.
Speaker 19: You have to agree upon the deal I get. I
Speaker 19: was getting nothing from the dealership.
Speaker 17: They weren't going to give me anything.
Speaker 19: He was in the shopper on it twenty days and
Speaker 19: they weren't going to give me anything. So he said, look,
Speaker 19: I'll get whatever I get. I'll give you half whatever
Speaker 19: I get, and you you can settle for it or
Speaker 19: not sell for what can.
Speaker 2: I get it? I get it? But what about But
Speaker 2: what about the vehicle itself? Did you keep it?
Speaker 19: I did?
Speaker 9: I didn't have any choice.
Speaker 19: Yeah, I mean I had to keep you.
Speaker 2: So are you still having trouble with it?
Speaker 19: No? It got fixed finally after the third time, and
Speaker 19: I haven't any trouble in the last six months months.
Speaker 2: Okay, okay, Well that's that's odd though, because I just
Speaker 2: I mean, it's a good way of doing business. Uh.
Speaker 2: You know, he takes half. But then if you still
Speaker 2: had a lemon, it wouldn't do you much good, right,
Speaker 2: I mean, think about that. I mean, but but you
Speaker 2: were you were able to get cash. It was fixed,
Speaker 2: so it worked out for you. But thank you for
Speaker 2: the comment thank you will three oh three seven one
Speaker 2: three talks seven one three eight two five five. So
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Speaker 2: no obligation. In comparison, call Compass Insurance paying too much
Speaker 2: your coverage at dozens of insurance companies. Find out now
Speaker 2: three oh three seven to seven to one help. You'll
Speaker 2: think you're his only customer when you choose Frank durand
Speaker 2: the real estate Man dot com to list your home
Speaker 2: with Remax Alliance three oh three nine two zero sixteen
Speaker 2: twenty two. Hello Tom Martino here, Jordan Piano joins us
Speaker 2: from my Moneymway dot com.
Speaker 4: I got someone that wants to run in exact number
Speaker 4: if I can give it to him, Yeah, let's do it.
Speaker 5: Well, I sent it to him.
Speaker 4: I don't know if he ran it yet, but the
Speaker 4: guy said one hundred thousand, Jordan, So one hundred thousand
Speaker 4: dollars annuity with the fifteen percent bonus.
Speaker 5: You guys give him immediately to.
Speaker 4: Grow and then if it sits and he's around the
Speaker 4: age of forty, if it sits till he's sixty five,
Speaker 4: and then turns on the income stream, how much is
Speaker 4: he guaranteed to get every month until the day he dies?
Speaker 15: Oh, either every year as well. Fifty six thousand a year?
Speaker 15: Oh my god, Yeah, it's a much bigger, because what.
Speaker 2: Are you kidding me? Really? Wait? Wait, wait, he'll get
Speaker 2: fifty six thousand a year a.
Speaker 15: Year off one hundred cake because again his time, you know,
Speaker 15: twenty five years. But the key thing is we'd roll
Speaker 15: it over into two two different annuities.
Speaker 2: One would be now why do you do that? I
Speaker 2: heard that strategy? Why do you do two different annuities?
Speaker 15: Yeah, so it's just really to restart the guaranteed step up.
Speaker 15: And so what I mean by that is a lot
Speaker 15: of the annuities might have some have the guaranteed component,
Speaker 15: but this stops after ten years or stops that they're
Speaker 15: fourteen or fifteen years, and so it's not going to
Speaker 15: keep on growing as much. Whereas if you do it
Speaker 15: in two annuities, you get to get the bonus in
Speaker 15: one and get it growing a lot, and then do
Speaker 15: it again, get a bonus again as well as I
Speaker 15: guaranteed step up. So that's how you can get.
Speaker 2: It up there.
Speaker 15: You know, it's not going to be much much different if.
Speaker 5: You think of that, Tom.
Speaker 4: So, that's forty six hundred and sixty six dollars a
Speaker 4: month at age sixty five that person would get forever.
Speaker 4: On top of that, they're going to get let's say
Speaker 4: what four or five six grand in social security?
Speaker 2: No, no, no, no, no, no, they don't get that
Speaker 2: much in social security.
Speaker 5: You don't think so?
Speaker 2: Hell no, Mark, Mark. I can tell you from from
Speaker 2: a standpoint of a very high wage earner that I
Speaker 2: know for the last forty quarters, very high.
Speaker 4: Yeah, and he is getting thirty five hundred a month.
Speaker 4: Oh no, kid, is that after it's paying for medicare?
Speaker 4: It says here, Yes, the highest is forty eight seventy three.
Speaker 2: Well I should be I should be getting the highest, and.
Speaker 5: That's age seventy.
Speaker 2: But no, but here's you want my mine went up?
Speaker 2: You're right, Oh, that's if you wait till seventy I
Speaker 2: started getting minus sixty six and I got I was
Speaker 2: getting about for you. It made sense, so I was
Speaker 2: getting a Yeah, it was for for various reasons. It
Speaker 2: made sense because I had minor kids and so so
Speaker 2: I got a lot of money because of the kids
Speaker 2: and me. But now as the kids drop off, I
Speaker 2: get I'm thinking around four grand with the With the
Speaker 2: new I get about four grand.
Speaker 4: After that's after it's taken money out for medicare. Yes, yes,
Speaker 4: but think about that. So forty eight hundred right now,
Speaker 4: it's going to be higher. Of course in twenty five
Speaker 4: years plus. That innuity is basically paying the exact same
Speaker 4: amount that person could put themselves easily to guaranteed one
Speaker 4: hundred and ten thousand dollars a month.
Speaker 5: Well, I'm sorry, a year, but so good. Yeah, no,
Speaker 5: it's incredible.
Speaker 4: There's a lot of people right now listening going, oh
Speaker 4: my god, I wish I had ten grand a month
Speaker 4: coming in.
Speaker 15: Absolutely as well as you know, don't forget that long
Speaker 15: term care benefit that is on our product.
Speaker 5: Well what does that part do, Jordan?
Speaker 2: What is that long?
Speaker 5: What does that?
Speaker 2: Oh?
Speaker 5: Does that mean? It like doubles as something?
Speaker 17: Exactly?
Speaker 15: So if they're getting you know, let's say that that
Speaker 15: four or five grand on this product here, well, if
Speaker 15: they ever need long term care living assistance in house
Speaker 15: out of house, it doesn't matter because they get with
Speaker 15: our product here and it doubles. You hit it right
Speaker 15: on the head. So they get almost ten grands on
Speaker 15: our product alone plus obsecurity. Now you're sitting real pretty.
Speaker 4: That's amazing. And then what does that mean? Does that
Speaker 4: mean you have to be your deathbed to get that
Speaker 4: double benefit?
Speaker 15: No, no, no, it's just like regular long term here.
Speaker 4: You know, you there's basically three things that are referred
Speaker 4: to as necessities that you have to basically qualify for
Speaker 4: to kick it in.
Speaker 15: Two to six, Yeah, two to six, like you know,
Speaker 15: like bathing yourself, you can't cook, you can't bathe you
Speaker 15: got it exactly so.
Speaker 5: And then and then that dot.
Speaker 15: Its and that's right. And that product we're talking about
Speaker 15: fifteen percent bonus.
Speaker 5: That's amazing. And I guess the reason for that is
Speaker 5: then that that extra is for someone to come in
Speaker 5: and do that stuff for you.
Speaker 15: You got it, and they know, they know. Just like
Speaker 15: Social Security, it's a lot of big numbers. Some people
Speaker 15: live longer, some people unfortunately shorter. So it's just a
Speaker 15: matter of our your lifespan and all that.
Speaker 4: Do you have anybody, and I'm not kidding, do you
Speaker 4: have anybody making three four hundred thousand a year off
Speaker 4: of one of your products over a period of time
Speaker 4: or no?
Speaker 15: Way, No, that is a good question. Yeah I do. Actually,
Speaker 15: you know, we have a couple that's pretty young and
Speaker 15: he's about the thirty eight years old, a very nice
Speaker 15: Indian couple. He's done a lot of software work and
Speaker 15: he's him come here and he has almost I don't
Speaker 15: want say his name rate is almost a eight hundred
Speaker 15: thousand dollars to way in four one ks at that age.
Speaker 15: Can you imagine? So he has his money at thirty
Speaker 15: eight years old, and that's what he's just been doing
Speaker 15: his whole time here and then saying, so we crazy products. Yes,
Speaker 15: it'll pay a lot, that'll pay a lot.
Speaker 5: That's nuts, man.
Speaker 2: So but here's the deal. Mark, I don't think a
Speaker 2: lot of people would have one hundred grand at forty oh.
Speaker 5: I disagree with that.
Speaker 4: I think a lot of people that get a job with,
Speaker 4: you know, a bigger company when they're either right out
Speaker 4: of college in that four oh one k's building for
Speaker 4: fifteen years maybe yeah, yeah, company. For I just think
Speaker 4: it's probably way more than your thinking. Now there's a
Speaker 4: lot of people that don't, but I think it's a
Speaker 4: lot more than what you're thinking.
Speaker 5: What if you found Jordan found Jordan.
Speaker 15: You're absolutely right, you know, and I'll say, we work
Speaker 15: with anybody, so I want to put that out there first,
Speaker 15: you know, more or less the same thing for us,
Speaker 15: But we found how'd she have forty? You have probably
Speaker 15: shot on there, Mark, You probably find about one hundred
Speaker 15: and maybe two hundred thousand, as long as they haven't
Speaker 15: tapped into it, and.
Speaker 5: Then where they make most of their money.
Speaker 4: If I still you know, I'm not sure my numbers
Speaker 4: are still correct, but most at least males and probably
Speaker 4: females at this point make most of their money in
Speaker 4: their fifties towards retirement.
Speaker 20: Retirement, true, true.
Speaker 15: And just you know then you spent fac there of
Speaker 15: having you know, the kids out of that.
Speaker 2: Now we have a question. We have a question here too,
Speaker 2: from Deputy d go ahead.
Speaker 5: D Hi Jordan.
Speaker 24: Over the weekend, I had a conversation with my eighteen
Speaker 24: year old niece who's very smart and very mature, and
Speaker 24: she has saved up ten thousand dollars from her after
Speaker 24: school work, and we were discussing various investment options for her,
Speaker 24: and I was wondering, if you what would you recommend
Speaker 24: to an eighteen year old who has ten thousand and
Speaker 24: no foreseeable need to touch that?
Speaker 15: Well, you know that's where I know Tom loves to
Speaker 15: talk about this product, and which is as well. That'd
Speaker 15: be the second.
Speaker 16: Product we offer.
Speaker 15: The want to deal with two products. One of the
Speaker 15: annuity we just mentioned she's a little too young for
Speaker 15: the annuity itself, but really the second product.
Speaker 2: But why is you sure before you go on, why
Speaker 2: is she too young for the annuity? I'm just curious.
Speaker 2: I mean, if ten grand festered for fifty years, that
Speaker 2: would be a hell of a lot of money.
Speaker 15: True, yes, but they're not going to have that guaranteed
Speaker 15: component at that age, and so they only in the market,
Speaker 15: and which is fine, so because they won't lose money
Speaker 15: when it goes down. So they could, They could do it,
Speaker 15: but a lot of times they want to see them
Speaker 15: probably in their thirties or so, maybe fortyes.
Speaker 2: Okay, okay, that's weird.
Speaker 15: Yeah yeah, yeah, yeah, but I mean you just don't
Speaker 15: do it. You're just gonna get it as well of
Speaker 15: the benefits. You'd have to roll it over a few times.
Speaker 15: So so that is possible. But I would say to
Speaker 15: become the banker of life insurance accounting. That's the product
Speaker 15: I always talking about where I've put money into it.
Speaker 15: I've used the account to purchase vehicles, pay myself back.
Speaker 2: M Yeah, but she have to I need to know this.
Speaker 2: Would she have do.
Speaker 15: Keep feeding it continually funded? Yeah, So there's options. One
Speaker 15: would be the best often be yes, if she's gonna
Speaker 15: keep on doing after school work and that you know,
Speaker 15: whatever she's gonna put in that her age is pretty affordable.
Speaker 15: You needed just one hundred bucks or seven five bucks
Speaker 15: a month, you know that age should be great with
Speaker 15: the ten k lump sum, and by doing that, her
Speaker 15: ten thousand is just basically moving from her left pocket
Speaker 15: to her right pocket earnings about five percent interest tax free.
Speaker 5: Well, and then the other thing is she can actually
Speaker 5: lend that money to herself.
Speaker 4: Let's say she goes and buys a car for ten grand,
Speaker 4: and that ten grand is sitting in that account. Instead
Speaker 4: of paying interest somewhere else on the car, she can
Speaker 4: actually borrow her own money, make payments back into there,
Speaker 4: and charge yourself interest on it. That's tax deferred, right.
Speaker 16: The tax defer park.
Speaker 15: You have to have a big one for that, the
Speaker 15: tax deferral. Okay, definitely, it's tax free. The castid growing
Speaker 15: tax free. You can use a tax free but right
Speaker 15: on mark. That is the philosophy of becoming your own banker.
Speaker 15: Get rid of the banks, heel finance your own purchases,
Speaker 15: especially at her age, my gush.
Speaker 2: So you can have a beautiful because you feed yourself,
Speaker 2: you feed yourself back the interest.
Speaker 15: Correct, And I just wanted to answer your question.
Speaker 2: Though.
Speaker 15: You could also do the other option where you just
Speaker 15: dump the money in once and never pay again. That
Speaker 15: isn't in their option, but you do lose the tax
Speaker 15: free benefit.
Speaker 24: So but you, well, I go ahead, that sounds very attractive.
Speaker 24: She can dump the money in there and not touch
Speaker 24: it for forty years. What would happen?
Speaker 15: She could she could touch a shoe. The benefit of this.
Speaker 4: She can loan it to herself but it's still there, yeah,
Speaker 4: and then pay it back on purpose.
Speaker 2: Yeah.
Speaker 12: So, so the idea is just to generate that interest.
Speaker 2: Yeah, on your arm. And so listen, So do you
Speaker 2: have to when you do an annuity, let's say at
Speaker 2: thirty or forty or whatever, do you have to wait
Speaker 2: to retirement to take payments or can you take them
Speaker 2: at any age?
Speaker 15: You could take them at any age. Now, keep in mind,
Speaker 15: I should say, let me, let me, let me person,
Speaker 15: I would qualified money you obviously you want them give.
Speaker 2: You got to be fifty nine and a half or
Speaker 2: all that, or pay or pay out the nose.
Speaker 15: Yeah right, yeah, but you you wouldn't do that, right,
Speaker 15: you'd be fine.
Speaker 4: But both of those products, Jordan, can you roll over
Speaker 4: a four to one K or some kind of account, absolutely,
Speaker 4: any qualified account into him into.
Speaker 15: Anything sets Ira roth And the best thing is you're
Speaker 15: not paying any taxes on you roll it over.
Speaker 5: And deputy Indeed, listen to this.
Speaker 4: I'll tell you why I know about this product is
Speaker 4: because I've known Joe and Jordan for a long time,
Speaker 4: and Joe, when Jordan was a youngster, set it up
Speaker 4: for him. Tell people out there, really what you did
Speaker 4: with that account with Dad?
Speaker 15: I basically I was sixteen years old when I first
Speaker 15: found out about it. My father funded it for our
Speaker 15: college funding account. But the best part was I was
Speaker 15: ready to get a vehicle and Mark said it you
Speaker 15: borrow the money against it, you know, taking it from it,
Speaker 15: you brought against it. I was able to purchase my
Speaker 15: jeep pay myself backed up over three years. All that
Speaker 15: interest I would have lost to the bank, all the interests.
Speaker 2: That I made on the money went into his life insurance,
Speaker 2: my bucket.
Speaker 15: Yeah, and I've done it numerous times with more vehicles, homes.
Speaker 15: And that's why I'm saying for her age, she's gonna
Speaker 15: have a wonderful uh, just a product of taxing money.
Speaker 4: And I want to point out to Deputy DCXA is
Speaker 4: he is one of the answer. Notice what he said.
Speaker 4: So she puts the ten grand in. What happens is
Speaker 4: she actually borrows that ten grand, never leaves that account,
Speaker 4: but she can borrow it at a certain interest rate,
Speaker 4: depending on what the interest rate is.
Speaker 5: Let's just take three percent.
Speaker 4: So she borrows that money at three percent, but that
Speaker 4: money is still sitting in there growing with its own
Speaker 4: interest at the same time, then she can pay herself back.
Speaker 15: Right, And that's why that is the idea. Use the money.
Speaker 2: All right, We got to take a quick break. I'm
Speaker 2: Tom Martinez. If you have any questions, give us a call.
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Speaker 2: You don't pay a cent until you're content than time
Speaker 2: for an insurance checkup free no obligation comparison call Compass
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Speaker 2: to list your home with Remax Alliance three oh three
Speaker 2: nine two zero sixteen twenty two dot com Tom Martino
Speaker 2: your troubleshooter three oh three seven one three talk seven
Speaker 2: one three eight two five five. Okay, let's go back
Speaker 2: to the phones and solve some problems for you. Vanessa.
Speaker 2: I think Vanessa is next. Vanessa. What's going on.
Speaker 5: Is we're sweating?
Speaker 2: Gees up? Now go ahead? GE's up, now, go ahead.
Speaker 2: I'm sorry, Vanessa. Hi, what's going on? Vanessa?
Speaker 1: Oh?
Speaker 15: Good?
Speaker 3: Well I didn't get the information for the guest Johanna
Speaker 3: on the show regarding an investment.
Speaker 5: Oh that's our bad.
Speaker 16: I actually, yeah, my bad.
Speaker 3: I just left the bank. You try to set up
Speaker 3: an appointment for my daughters, for my d and probably
Speaker 3: myself myself here.
Speaker 2: Why don't you go?
Speaker 3: You know?
Speaker 2: Can I let me just say something is straight up
Speaker 2: about investing. Banks are the worst place you can go. Okay,
Speaker 2: you want registered investment advisors or certified financial planners. And
Speaker 2: certified financial planners are certified by FINRA and that stands
Speaker 2: for this organization, and then registered investment advisors are either
Speaker 2: registered with the State of Colorado or with the Securities
Speaker 2: and Exchange Commission, depending on the amount of assets they manage.
Speaker 2: But the reason I tell you that is not because
Speaker 2: the state or the government guarantees them. But they do
Speaker 2: say that they passed the qualified tests and did the
Speaker 2: proper registrations and have the proper insurances and bonding and
Speaker 2: all of that, right, Jordan, I mean, there is something
Speaker 2: to be said about regulation when it comes to investing
Speaker 2: because and it's really it really got better since made off.
Speaker 2: I mean, I'm telling you it is not an easy
Speaker 2: thing to become a registered investment advisor or a certified financial.
Speaker 5: And I can't emphasize this enough for you, Vanessa.
Speaker 4: For Jordan's father teaches the courses that people have to
Speaker 4: pass to be able to become a fiduciary in Colorado.
Speaker 5: He's like the teacher of the investment people. The investment
Speaker 5: very true and wow.
Speaker 3: And I think that's what I love about the most,
Speaker 3: just because i had a hard time setting up things
Speaker 3: for myself. I'm thirty seven and I have a nineteen
Speaker 3: year old in a two.
Speaker 10: To these seventeen year olds.
Speaker 3: When I go to multiple places in the springs, I
Speaker 3: feel that the environment or expectation and is for people
Speaker 3: to come with, you know, hundreds of thousands of dollars.
Speaker 2: Yeah, you're exactly right, Vanessa. That's one thing that I
Speaker 2: can't stand about investment people. They don't want to look
Speaker 2: at you if you don't have tons of money.
Speaker 5: But that's that's not.
Speaker 4: The that's why that becomes a banker for especially your
Speaker 4: kids and maybe even her at thirty seven is great
Speaker 4: because it doesn't really matter what you start with.
Speaker 5: You just constantly add to it. You add to it.
Speaker 17: That's right now.
Speaker 2: One thing I do want to mention, Okay, I want
Speaker 2: to mention this to Vanessa. Vanessa, if you get involved
Speaker 2: in any kind of an investment, whether it's an investment
Speaker 2: advisor or you do something through Joe Kiano a certified
Speaker 2: financial planner, you do an insurance policy that you purposely overfund,
Speaker 2: or a small annuity or whatever. No matter what you
Speaker 2: get involved in, you still you as a consumer need
Speaker 2: to be involved. That doesn't mean you need to be
Speaker 2: involved in each and every investment, but you need to
Speaker 2: be involved, like if you do the overfunding of life insurance.
Speaker 2: One of the big mistakes people make is when they
Speaker 2: get involved in that, they don't take advantage of the
Speaker 2: benefits like the borrowing where if you're going to use
Speaker 2: money anyway from someone else and you have it available
Speaker 2: in your own account, you should borrow it from yourself
Speaker 2: because the interest that you pay goes right back to
Speaker 2: your own account. And so many people, for example, Jordan,
Speaker 2: we had one person that complained one time and I said, well,
Speaker 2: I find that hard to believe because Joe and Jordan
Speaker 2: do such a good job. And her complaint was this,
Speaker 2: she had borrowed money from the account and she never
Speaker 2: paid it back, which is fine, you're allowed to do that,
Speaker 2: but her cash value was going down, and I said, well,
Speaker 2: you're using the money. She didn't understand that you have
Speaker 2: to pay it back with interest to make that grow,
Speaker 2: just like you would pay back a bank, and so
Speaker 2: you just have to know how to use it.
Speaker 15: Is that right, Jordan's You're right, yes, that's something that
Speaker 15: we stress. We want to help meet with clients and
Speaker 15: educating because you're you're spot on with people out there
Speaker 15: with the financial world, it's sometimes confusing for consumers. You
Speaker 15: might feel like you have to have a lot of money.
Speaker 15: We don't believe in that. We want to help take
Speaker 15: you by the hand, educate you on some great products,
Speaker 15: and at least meet once to twice a year just
Speaker 15: to help kind of remind you and use all these
Speaker 15: these moneys to your benefits. So give us a call
Speaker 15: and or visit our website. Had become the banker dot org,
Speaker 15: and we can we can definitely set you in your
Speaker 15: daughter up.
Speaker 2: Yeah and yes, and kat China will make sure you
Speaker 2: get that numbers three She'll she'll make sure you get
Speaker 2: that number three oh three seven seven nine sixty six
Speaker 2: hundred more coming right up. Go with a sure thing
Speaker 2: Denver's Best roofer Excel Roofing dot com. You don't pay
Speaker 2: a cent until you're content. Please time for an insurance
Speaker 2: check up free, no obligation comparison call Compass Insurance paying
Speaker 2: too much your coverage at dozens of insurance companies find
Speaker 2: out now three oh three seven seven one help. You'll
Speaker 2: think you're his only customer when you choose Frank durand
Speaker 2: the real estate Man dot com to list your home
Speaker 2: with Remax Alliance three oh three nine two zero sixteen
Speaker 2: twenty two.
Speaker 1: Ris needed that who you don't have? Come run incous
Speaker 1: as fast as we can. Show Shooter's gonna help come.
Speaker 5: Six is the Troubleshooter Show.
Speaker 2: No Tom Martinez Hi, hey, Tom Martino here. Welcome to
Speaker 2: the show. Three zero three seven one three talk seven
Speaker 2: one three eight two five five Solving problems, answering questions,
Speaker 2: taking appoints, and making your life just a little easier.
Speaker 2: Peggy has a general contracting question, and we got the paperwork.
Speaker 2: I need to look at it. Did she send it?
Speaker 2: Did you send it to me as well? Guys, Pegan said.
Speaker 5: Waiting for the rest of it. She only set one page.
Speaker 2: There is some kind of estimate with a price. They
Speaker 2: both signed it. She's wondering if she's bound by it.
Speaker 2: She wants to try to cancel because she found out
Speaker 2: she has to move the sewer line and it's going
Speaker 2: to be way too expensive. Well, thank god she didn't
Speaker 2: give the guy any money up front. I'd like to
Speaker 2: know this. What is he asking for for you to
Speaker 2: cancel it? I'm sure you talked to him already, Peggy, Peggy,
Speaker 2: what did he ask for?
Speaker 16: Well, he did ask for for Cancelationey.
Speaker 2: How much? How much? How much?
Speaker 16: I didn't fifty to cancel?
Speaker 2: Well, one hundred and fifty dollars. Wait a minute, that's
Speaker 2: all he wants is one hundred and fifty dollars.
Speaker 5: That's pretty damn fair.
Speaker 2: And then wait, wait, wait, even even the time it
Speaker 2: took to run right up the proposal? Is that what
Speaker 2: you're calling about? One hundred and fifty dollars?
Speaker 16: Well, I'm hoping that he's not going to hold me
Speaker 16: for other liability.
Speaker 2: No, no, what did he say? Where did you come
Speaker 2: up with one hundred and fifty?
Speaker 16: It's on the contract that I'm trying to send you.
Speaker 3: Are that?
Speaker 4: I mean?
Speaker 2: They ask can we just call the contractor? Did he
Speaker 2: say he wants you to pay more than that?
Speaker 19: No?
Speaker 16: He didn't. He hasn't contacted me since, and I'm nervous
Speaker 16: it might turn into something bigger.
Speaker 5: I think you're just being paranoid, Peggy. I don't see
Speaker 5: this as a big deal.
Speaker 2: I mean, let's look at it first. Okay, let's just.
Speaker 16: Glad you think that.
Speaker 2: No, no, no, I mean, now you didn't want us
Speaker 2: to you didn't want to give us his name? And
Speaker 2: is there a reason for that?
Speaker 16: I just don't want anything to happen.
Speaker 2: Well, are you threatened? I mean, did this guy seem
Speaker 2: intimidating to you?
Speaker 16: Well, he wasn't happy when I canceled, Let's put.
Speaker 2: It that way. What did he say when you canceled.
Speaker 16: He said, all right, I will contact you later or
Speaker 16: something I can't remember Tom, I mean him.
Speaker 2: Can we call him for you?
Speaker 16: Please? Don't please, just give me a chance to attach
Speaker 16: send you this all right?
Speaker 2: Okay, So what if after reading this we still have questions.
Speaker 2: You don't want us to contact him, You want to
Speaker 2: do all this all alone.
Speaker 16: Yes, I would like that.
Speaker 2: Yes, because you're afraid he might do something to you.
Speaker 16: The way the world's going, you just don't know.
Speaker 2: Yeah.
Speaker 4: I think that's probably good answer from her. Actually, I
Speaker 4: think it's just a little bit of paranoia.
Speaker 25: Fairness of the contractor. He was hoping to get a
Speaker 25: job and now he doesn't, So anybody would be upset
Speaker 25: to lose a little bit.
Speaker 4: Of work, of course, But I don't think I think
Speaker 4: if he was a bad guy I think he would
Speaker 4: have showed his true colors by now.
Speaker 16: Well, I'm hoping to avoid that. That's all. Can I
Speaker 16: get this and then send it to you?
Speaker 2: Yes?
Speaker 16: Yes, you can talk about it another time.
Speaker 2: You Peggy, We'll talk to you today. Even when once
Speaker 2: we get it, how's that we look at We're not
Speaker 2: going to pressure you. We're not going to pressure you
Speaker 2: to do anything that makes you feel unsafe, but we'd
Speaker 2: like to look at it and we'll talk to you.
Speaker 2: Don't hang up, well, we'll talk to you in a
Speaker 2: few minutes, okay, okay, all right, hang on three oh
Speaker 2: three seven one three talk seven one three eight two
Speaker 2: five five. Somebody wants to know for Jordan Kiano, who's
Speaker 2: with my moneymway dot com talking about fixed index to
Speaker 2: new If someone puts a minimum money down like ten grand,
Speaker 2: twenty grand, whatever, a lump sum, is there any commitment
Speaker 2: in an annuity to keep contributing like there is for
Speaker 2: a life insurance premiums?
Speaker 15: Very good question, and there is no commitment. The only
Speaker 15: commitment is just the minimum, which most companies make about
Speaker 15: ten thousand dollars of the minimum they want.
Speaker 2: So you do not have to keep feeding the beast
Speaker 2: unless you want to.
Speaker 20: You got it, yep.
Speaker 2: And so you can leave it open. You can leave
Speaker 2: it open so whenever you have extra money, you can
Speaker 2: throw it in there.
Speaker 16: You got it, yep.
Speaker 15: The only time that you can't put extra money is
Speaker 15: once you start flipping the income on. Once the income's on,
Speaker 15: you can't put any more money on. But yeah, you
Speaker 15: can leave it open to do it once and then
Speaker 15: wait ten years put money in again. But I would
Speaker 15: suggest getting a few of them and ladder them out.
Speaker 15: Get the bonuses, have a couple annuities, they'll cost you
Speaker 15: the same. If it's all in one or a few
Speaker 15: of them, that benefits the turn.
Speaker 2: Why is the ladder better? Why is laddering better?
Speaker 15: Yeah, it's just for the main reasons to be able
Speaker 15: to turn. Maybe I'd say somebody has one hundred thousand
Speaker 15: or three hundred thousand, they could basically turn. If they
Speaker 15: have three of them, they could turn one on and
Speaker 15: let the other two continue to grow. And if they
Speaker 15: all have it in just one account, well then they
Speaker 15: have to take the full payout. They can't let some
Speaker 15: of it grow and some of the payout. So when
Speaker 15: you ladder it, you have the option to have the
Speaker 15: account still grow, earn you money and wait for you
Speaker 15: to take if you don't have to pay taxes.
Speaker 2: If it's qualified money, okay, well here's the deal. To
Speaker 2: the caller or to the text or who wanted to
Speaker 2: know that you got your answer, there's a lump sum. However,
Speaker 2: it may not be the best option. If you have
Speaker 2: other money that you can feed it now and then
Speaker 2: thank you now. Someone said, if the lady sewer line
Speaker 2: has anything to do with the new garage, the contractor
Speaker 2: should have either included it in the st or at
Speaker 2: least have known it and noted it and writing so
Speaker 2: that lady said that she signed an estimate, He signed
Speaker 2: the estimate. She accepted the estimate, which could be like
Speaker 2: a contract. Maybe we should ask Brad O'Brien if he
Speaker 2: thinks acceptance of an estimate is the same as a contract.
Speaker 2: But if we're only talking about one hundred and fifty
Speaker 2: dollars a cancelation fee, my god.
Speaker 25: And I think she said that the city were the
Speaker 25: ones that said she needed a new sewer line, not
Speaker 25: the contractor.
Speaker 2: They said she had to move it. The only she
Speaker 2: doesn't need a new one, she just has to move
Speaker 2: it if and I wonder if that's because the garage
Speaker 2: is going over the sewer line and you're not allowed
Speaker 2: to do that. That's the clarification I need, Peggy, Who
Speaker 2: exactly and when did the city do that? I mean,
Speaker 2: dides city come out and inspect your site or something?
Speaker 2: When were you told you have to move your sewer line?
Speaker 2: This is what I don't understand.
Speaker 16: The contractor gave me a name of a person called Mainline,
Speaker 16: and he came out and did a copy of it
Speaker 16: of the sewer. He said it looked okay. I decided
Speaker 16: to call fix AT twenty one and plumb Line to
Speaker 16: get their opinion on it. Yeah, and they told me
Speaker 16: it would cost anywhere from eight to twenty five thousand
Speaker 16: to repair the sewer.
Speaker 2: Okay, but this wait, see that? Now I'm confused. I'm
Speaker 2: really confused, Peggy. This has nothing to do with that contract.
Speaker 2: Are you just saying that what's wrong with your sewer line?
Speaker 5: What is wrong with it?
Speaker 16: Well, the Mainline guy told me it was okay, But
Speaker 16: when fix A twenty four came out, they said there's
Speaker 16: a crack and it also needs some repair the city.
Speaker 2: Hold on. And then what did Plumbline say?
Speaker 16: They said basically the same thing.
Speaker 2: Okay, so hold on. They're two good companies. But here's
Speaker 2: what I need to know, Peggy. I was thinking it
Speaker 2: was because of the garage being built that you had
Speaker 2: to move the sewer.
Speaker 16: But it's not move the sewer. No, I have to
Speaker 16: in order to put a garage on top of it.
Speaker 16: I have to replace the sewer line quick.
Speaker 5: I don't think you can build it on top.
Speaker 8: That's right, that's okay, that's so peggy.
Speaker 2: But even if the garage is not put up, you
Speaker 2: still need to repair the sewer. Is that right?
Speaker 16: Eventually?
Speaker 15: Yes?
Speaker 2: Okay, okay, So you have two problems. One, if you
Speaker 2: build the garage, you have to move the sewer, or
Speaker 2: even if you don't build the garage, you're gonna eventually
Speaker 2: have to replace it.
Speaker 16: Correct.
Speaker 2: Now, if you eventually have to replace it anyway, and
Speaker 2: you can find someone to do it economically and at
Speaker 2: the same time move it, since you're gonna have to
Speaker 2: do that repair anyway, I can't see it costing you
Speaker 2: that much more to move it if you're gonna repair it,
Speaker 2: because they can simply start over. I mean, I don't know,
Speaker 2: you know, and I would get another, yet another bid.
Speaker 2: Those companies are very good, but there are there are
Speaker 2: companies that will do it much cheaper. Okay, Mark wouldn't.
Speaker 2: Wouldn't Master Router do it cheaper?
Speaker 4: Master Router probably would do it cheaper. Yes, don't they
Speaker 4: guarantee the lowest price. They definitely do that, Okay, let's
Speaker 4: be honest about it. Then they I want you to
Speaker 4: get another bid, and but ask them to how much
Speaker 4: would it cost to Do you really want the garage
Speaker 4: or are.
Speaker 2: You trying to get out of it anyway? Let's be
Speaker 2: honest there, do you want to get out of it anyway?
Speaker 21: No?
Speaker 2: I really wanted to Okay, all right, then listen, what
Speaker 2: if what if you could move it and it's not
Speaker 2: gonna cost you what you think it's gonna cost you?
Speaker 2: How much can you go to get it moved? And
Speaker 2: we're not going to tell master, We're just asking you.
Speaker 2: How much extra can you go since you're gonna have
Speaker 2: to do a repair anyway? How much? Tell me how
Speaker 2: much you could afford to move to spend on that
Speaker 2: sewer line?
Speaker 16: Maybe and I'm being optimistic five thousand.
Speaker 5: I don't see that happening.
Speaker 16: I agree.
Speaker 5: Just the trench work and I mean that's yeah, that's
Speaker 5: a lot man and.
Speaker 16: Cement, Well, it's got it. It's underneath the cement that
Speaker 16: I have now.
Speaker 2: Oh yeah, yeah, you're right. The concrete driveway right.
Speaker 4: Yeah, so Pegy, so you're not going to be would
Speaker 4: you be able to put up like a car port
Speaker 4: without messing with all this other stuff?
Speaker 16: Not according to the city.
Speaker 5: Okay, it's probably right if the city said it.
Speaker 16: Yeah, he said, why would you want to do that?
Speaker 16: Why would you want to put anything on it?
Speaker 2: Meaning? What if you ever had a replacement, you'd have
Speaker 2: a major problem.
Speaker 16: Right, Well, there's supposed to be some kind of a
Speaker 16: foam that you can help reduce the pressure of the building.
Speaker 16: Don't quote me on this. I'm new at this.
Speaker 2: Yeah, don't know. No, No, it has nothing to do
Speaker 2: with that. So Peggy, I think I think everyone's right.
Speaker 2: I think that you can't. You can't put the thing
Speaker 2: on there, and you do have to move it. But
Speaker 2: even if you don't move it, you're going to have
Speaker 2: to get it fixed. Have you ever had sewer backups?
Speaker 16: No, the line looks fine, it's cleaned out.
Speaker 5: Maybe maybe it's time to find a new house that's
Speaker 5: got a garage for you.
Speaker 16: I know I thought of that too, but I love
Speaker 16: my house.
Speaker 2: Yeah, send us the rest of that contract.
Speaker 16: We'll get to it.
Speaker 2: Hi, we got more, Okay, we got more coming up
Speaker 2: on the Troubleshooter Show. Go with a Sure Thing Denver's
Speaker 2: Best Roofer Excel Roofing dot com. You don't pay a
Speaker 2: cent until you're content than time for an insurance checkup,
Speaker 2: free no obligation comparison call Compass insurance paying too much
Speaker 2: your coverage at dozens of insurance companies. Find out now
Speaker 2: three oh three seven seven to one help. You'll think
Speaker 2: you're his only customer when you choose Frank durand the
Speaker 2: real estate man dot com to list your home with
Speaker 2: Remax Alliance three oh three nine two zero sixteen twenty two. Hi,
Speaker 2: Tom Martino here three O three seven one three talk
Speaker 2: seven one three eight two five five. All right, let's
Speaker 2: go to Greg, who has a question on auto transporting. Hi? Greg,
Speaker 2: what's going on? Hi?
Speaker 26: I've got a friend who needs to get a car
Speaker 26: from Denver to Dallas, Texas. He's gotten some quotes. One
Speaker 26: of them was three hundred and twenty five dollars. Sounds
Speaker 26: too good to be true, and I was wondering if
Speaker 26: you have any resources in auto transport.
Speaker 2: I do, but the ones that I have are not
Speaker 2: on the referral list, and I only have them because
Speaker 2: I used them personally. And that may sound crazy, but
Speaker 2: I can't necessarily vouch for them, but I've used them.
Speaker 2: Does that make sense?
Speaker 25: Yes?
Speaker 2: Okay, But I want to know something. The one that's
Speaker 2: going to do it for three hundred and something, where'd
Speaker 2: you find him?
Speaker 26: I'm going to guess we found him on the internet,
Speaker 26: and then what I forgot to ask him is is
Speaker 26: that putting it on a transport truck or is that
Speaker 26: a human driving it down?
Speaker 2: Yeah, don't ever get a human driving it down unless
Speaker 2: you know the human and you fly him back, you know,
Speaker 2: stuff like that. Yes, sure, But here are the ones
Speaker 2: that I have used in the past, and I've used
Speaker 2: them for some pretty hefty cars and they've been beautiful.
Speaker 2: One is Baja b a Ja Auto Transport and it's
Speaker 2: three oh three eight seven two three six seven two.
Speaker 2: The other one is JS Auto Transport, like as in
Speaker 2: Juliet Sierra JS Auto Transport. The number seven seven four
Speaker 2: eight five five one four seven three.
Speaker 5: How many miles?
Speaker 2: Says it? Roughly?
Speaker 27: Honestly, I go, No, it's Denver to Dallas.
Speaker 9: So I'm going to guess maybe a thousand.
Speaker 4: I'm calculating one right now. Hold on, it should just
Speaker 4: take a second. That three hundred sounds extremely low.
Speaker 2: It's seven hundred and ninety four miles.
Speaker 4: That yeah, I this thing wants too much information to
Speaker 4: calculate it. But three hundred sounds very very very low.
Speaker 5: You know who might know.
Speaker 4: I'll tell you an expert we have that'll know how
Speaker 4: much it should be. And he's got a lot of
Speaker 4: connections in it is JFR cars, they Shire cars all
Speaker 4: over the country. Let's yeah, let's try to get let's
Speaker 4: try to get him on.
Speaker 2: So hold on and Tom.
Speaker 5: He also owes us, he owes us the value of
Speaker 5: that uh.
Speaker 2: Chef to pick up too. He was going to help
Speaker 2: us out to try to find a value for that
Speaker 2: guy on him is I think it was a GMC.
Speaker 2: That's right. Three oh three seven one three talk seven
Speaker 2: one three eight two five five. So where did we
Speaker 2: leave it, Deputy D with the vacation home in the
Speaker 2: post office? Did you find out anything additionally, by the.
Speaker 24: Way, No, that since I contacted the gentleman at the
Speaker 24: post office who's extremely enthusiastic and researching this, and he
Speaker 24: told me he'll need a couple of days because he's
Speaker 24: going to access extensive internal resources that are available to
Speaker 24: him within the system.
Speaker 2: Okay, but he said basically though that there should be
Speaker 2: no issue on both of those issues. There should be
Speaker 2: no issue. This is a guy that can't get his
Speaker 2: mail in his vacation home. And he told us two things.
Speaker 2: He said, First, he was told you can't have more
Speaker 2: than one address in the United States, and second that
Speaker 2: if you have sporadic mail, they can cut you off.
Speaker 2: So two, if he was really told that, then whoever
Speaker 2: told him should be fired. And he claims it was
Speaker 2: the postmaster at Bellevue, but he can't prove it. That's
Speaker 2: what he said. Literally, he can't prove it. Uh three
Speaker 2: o three seven one three eight two five five. Go
Speaker 2: with a sure thing Denver's best roofer Excel Roofing dot com.
Speaker 2: You don't pay a cent until you're content. Time for
Speaker 2: an insurance check up free no obligation comparison call Compass
Speaker 2: Insurance Paying too much your coverage at dozens of insurance
Speaker 2: companies find out now three oh three seven seven to
Speaker 2: one help. You'll think you're his only customer when you
Speaker 2: choose Frank durand the real estate Man dot com to
Speaker 2: list your home with Remax Alliance three oh three nine
Speaker 2: two zero sixteen twenty.
Speaker 28: Two him two year, three oh three seven one three
Speaker 28: talk three oh three seven one three eight two five five.
Speaker 2: Let's go to Greg, who has a question. Go ahead, Greg, Greg,
Speaker 2: Are you there?
Speaker 5: Greg?
Speaker 2: Okay? I guess Greg's not there. Let's move on. We
Speaker 2: don't have time, Dave, Go ahead, sir. What's happened?
Speaker 15: Hey?
Speaker 9: Hey, Tom, can you hear me?
Speaker 12: Yes?
Speaker 2: Go ahead.
Speaker 9: Hey, So you guys were just talking about required minimum
Speaker 9: distributions using the age of seventy two. Yes, it's actually
Speaker 9: changed to seventy three. Oh, that changed to the secure
Speaker 9: two point zero.
Speaker 20: And for people that are.
Speaker 9: Born after nineteen sixty that age is seventy five.
Speaker 5: Oh that's good. So I'm a seventy five.
Speaker 9: Yeah, you're a seventy five. Or now, if you're somebody
Speaker 9: like Tom who who married a woman what thirty years
Speaker 9: younger than you, there's there's other strategies where you can
Speaker 9: delay those uh.
Speaker 2: A minute, wait a long time. Wait wait wait wait
Speaker 2: it matters how old your wife is.
Speaker 6: It could Yeah.
Speaker 9: So let's say you have required minimum distributions coming up
Speaker 9: and you're you're seventy two right now, okay, and so
Speaker 9: next year you have to take them, and let's say
Speaker 9: your wife is sixty five years old. Yeah, there is
Speaker 9: a way of transferring those funds to your wife and
Speaker 9: getting an additional you know, another ten.
Speaker 15: Years or so.
Speaker 5: Oh, I get it.
Speaker 4: So you would literally go from your qualified plan into
Speaker 4: hers and she wouldn't have to take the distribution technically,
Speaker 4: but you actually did take the money out.
Speaker 5: Correct, That's that's it, that's in genie.
Speaker 2: Wait wait wait, you can transfer from yours.
Speaker 9: To hers, well, not necessarily to hers, but to her.
Speaker 9: So you guys are familiar with quadros are used in
Speaker 9: divorce situations, right right, Well, there's something that's called an
Speaker 9: in marriage quadro. Really where yeah, and so you can transfer,
Speaker 9: utilizing a quadro to the younger spouse and then it
Speaker 9: becomes hers, and then it can grow an additional number of.
Speaker 5: Years and you never end up paying taxes on it.
Speaker 16: Well you do, she does?
Speaker 5: No in ten years though, no ten years.
Speaker 4: I'm saying when you take it out to give it
Speaker 4: to her through the domestic relationship order, you're not paying taxes.
Speaker 2: No, you're not. Does not It does not trigger taxes.
Speaker 5: That's really cool.
Speaker 9: Okay, it doesn't trigger taxes. And then you can even
Speaker 9: stretch out R and D S to the age of
Speaker 9: eighty five by utilizing a qualified lifetime income annuity contract.
Speaker 2: What is your game, sir? What is your what is
Speaker 2: your line of work?
Speaker 20: We've talked.
Speaker 9: We've talked a bunch Tom.
Speaker 2: This is Dave.
Speaker 9: I'm down in Florida. I used to live in Littleton's
Speaker 9: do financial services.
Speaker 2: Dave, leave your number, man, I I mean if you
Speaker 2: did that, because.
Speaker 15: Every time I talk to you, you say, leave my number.
Speaker 2: Well hold on though, but but really leave it. But
Speaker 2: leave it with your last name and the and uh Kachina.
Speaker 2: Just send that to me with what he's talked about.
Speaker 2: Are you still in the financial business? Yes, yeah, okay,
Speaker 2: all right, thank you. I think that I think that
Speaker 2: that is a pretty cool idea to do a in
Speaker 2: marriage kudro, which I never even knew existed. Let's see
Speaker 2: if Greg is there now. Thank you very much. Dave.
Speaker 2: Is Greg there now? Did he hang up? Or is
Speaker 2: he there?
Speaker 15: I'm here, tom.
Speaker 2: Ohay, what's going on? Greg? What's your question?
Speaker 16: Hi?
Speaker 27: Sixty eight years old. I'm still working. I have about
Speaker 27: three hundred and fifty thousand dollars in iras qualified money.
Speaker 27: I've got about two hundred thousand annuities qualified money, and
Speaker 27: I have started Social Security about thirty two hundred dollars
Speaker 27: a month. I'm wondering what they recommend I should be in.
Speaker 2: Well, here's the thing. No matter what, don't put it
Speaker 2: all in an annuity. We're running out of time, Can
Speaker 2: you leave your name and number and we'll get you
Speaker 2: back on and get them on the air. Leave your
Speaker 2: name in number with Kachina Kaschina. Get Greg's name and
Speaker 2: number and send it to me and we'll take care
Speaker 2: of him and talk to them another time. I'm Tom Martine.
Speaker 2: Save all your problems for me.