Speaker 1: Ripped up mad news need advice, so you don't.
Speaker 2: Have come Running's just as fast as you can.
Speaker 3: Shooter's gonna help coming.
Speaker 4: Man.
Speaker 5: This is the Troubleshooter Show. No Tom Martino, Hello, Tom
Speaker 5: Martino here, Welcome to the show. Three O three seven
Speaker 5: one three talk three oh three seven one three eight
Speaker 5: two five five.
Speaker 6: What's going on in your life?
Speaker 5: Well? I posted part of what I talked about on
Speaker 5: the show yesterday about drones and h what I called
Speaker 5: a DSB. I don't want to get technical, but it's
Speaker 5: a beacon that we all have to have on our
Speaker 5: plane that broadcast where we are, when we are, how
Speaker 5: we are, who we are, all of it, and it
Speaker 5: all goes out automatically. As soon as you turn your
Speaker 5: plane on, it goes out automatically. Uh and uh every
Speaker 5: plane in America, from crop duster to airliner has to
Speaker 5: have one on there. And all I said was this,
Speaker 5: How silly and stupid can it be not to require
Speaker 5: that for drones? Drones or aircraft, no matter how you
Speaker 5: look at it, flying the same airspace, even though they're
Speaker 5: not allowed in certain airspaces, how would you ever know?
Speaker 5: There's no way to identify them, There's no identified and
Speaker 5: identifiable end number and electronically, that's what ADSB does. It
Speaker 5: sends out a signal twenty four to seven whenever the
Speaker 5: plane's on, where you are and who you are, and
Speaker 5: what height you're at and all that, it sends it out. Now, now,
Speaker 5: transponders are not like that. Transponders are just when they're
Speaker 5: swept by radar, they echo. That's what a transponder does.
Speaker 5: And radar does not cover the entire United States. So
Speaker 5: when you're out about flying around, you don't know who's there.
Speaker 6: Now, here's the other thing.
Speaker 5: Even if you have radar on a tower, they can
Speaker 5: see the drones, but it doesn't identify them. The only
Speaker 5: time you're identified is if you have a transponder or
Speaker 5: ads B that ADSB beacon. So it's a very simple thing.
Speaker 5: If you're gonna fly around ADSB, why well why not?
Speaker 5: I mean, truly, it's such a simple solution. And then
Speaker 5: register the damn things. People say they are registered, No
Speaker 5: they're not, not the way aircraft are. Just register them
Speaker 5: and have an ads becon. And therefore every time you
Speaker 5: see one, every single time you see one, you can
Speaker 5: tell who owns it and all about it. Okay, that's
Speaker 5: my two cents. Let's keep going. Three oh three seven
Speaker 5: one three talkers our number seven one three eight two
Speaker 5: five five Katschina, Shannon. Who's in the studio anybody today? Yes,
Speaker 5: we have I have. We have Deputy Dollar, Deputy Dollar,
Speaker 5: thanks for being there. We got Depety d over here,
Speaker 5: good and Deputy d over here and booh booms, oh okay,
Speaker 5: well thanks, uh she overlooked you there, bo Deputy Bow,
Speaker 5: Deputy Dollar, Deputy D. And we have Joe Canno on
Speaker 5: the phone with my Money Myway dot Com. We'll get
Speaker 5: to in a minute here. He's talking about, you know,
Speaker 5: putting your financial house in order as you get older.
Speaker 5: But Samantha's got to near you right now with something
Speaker 5: we hear about all the time. And I want to
Speaker 5: be jaded. I don't want you to think I don't care.
Speaker 5: There are cases where this is a true, real issue, Samantha.
Speaker 5: What's going on with you? Hello, Samantha, I'm Tom Martino him.
Speaker 7: I'll talked to you a few times, but this issue
Speaker 7: is really kind of big to me. We have an
Speaker 7: infestation of black mode and it is so bad that
Speaker 7: it is at one end.
Speaker 8: Of my town home too.
Speaker 7: There's like four or five town homes connected, and I
Speaker 7: live on the coal.
Speaker 5: Is Wait wait, wait, what have you talked to me
Speaker 5: about before? Dear? What what have we talked about before?
Speaker 7: I had a missing daughter at one point in time
Speaker 7: that was missing back.
Speaker 5: Okay, sixteen okay, So anyway, you're in an apartment. How long?
Speaker 6: How long have you been in this How long have
Speaker 6: you been in this apartment?
Speaker 7: I've been there for about six months. I've been there
Speaker 7: since June.
Speaker 6: Okay, And when did you notice it?
Speaker 7: In every shelving in it? So I used to like
Speaker 7: a starge coboard. I went to go clean it one
Speaker 7: day to pull it out, to try to get shelves
Speaker 7: put in the coboard for me to store my food,
Speaker 7: and I smelled a awful odor of mold. I look
Speaker 7: up at the top of my cilling and it is
Speaker 7: invested with black mold.
Speaker 5: So I started discussing.
Speaker 7: The whole house. I couldn't figure out why me and
Speaker 7: my son can't breathe. We have respiratory problems, and every
Speaker 7: time we turn the heat on, you can smell mold
Speaker 7: in the heat. When you run the water, you can
Speaker 7: smell mold in the water.
Speaker 5: I have Samantha, did you you do Oh wait, wait
Speaker 5: wait you had the health department come out.
Speaker 7: I had the health department come out. And the guy
Speaker 7: who came out.
Speaker 9: Used to work for the Coalition for the Homeless and
Speaker 9: he knew who'll owned.
Speaker 5: Well, well, hold on in a nutshell. What did they form?
Speaker 7: They popped sixty percent moisture with black mole?
Speaker 5: Now, okay, but what did they say? Did they condemn
Speaker 5: the place?
Speaker 7: They gave the eight issue management thirty day orders. Now
Speaker 7: it's been a week and management has not yet to
Speaker 7: come knock on my door and say, hey, when can
Speaker 7: we said it time?
Speaker 5: Okay? So what what did they say? Though?
Speaker 6: What did they say about the order?
Speaker 5: In the order?
Speaker 6: I mean, what did they say? What did they order?
Speaker 10: They ordered management thirty days to fixt the issue, okay?
Speaker 5: And what health department was? What health department? What health department?
Speaker 7: Public health?
Speaker 5: Okay? Okay.
Speaker 6: So now it's only been a week, It's.
Speaker 10: Only about a week.
Speaker 9: But I spoke to a woman who was on oxygen
Speaker 9: at the opposite end of my building and I asked her,
Speaker 9: by any chance do you have black mold in your unit?
Speaker 9: She said, yes, I have complained to public Health lumors
Speaker 9: of time. I never had any problems with my house
Speaker 9: until I moved in this place, and now I am on.
Speaker 7: Oxygen with my son taking care of me. She said,
Speaker 7: all they did was come in and paint over the mold,
Speaker 7: and now.
Speaker 11: She has to have her lungs tested.
Speaker 5: Okay, Samantha, I want to get our expert on about this.
Speaker 6: Did you have any mold sport testing done in the air.
Speaker 9: They did not test my mold, but they complainly clearly
Speaker 9: see it was black mold.
Speaker 5: Okay, let me explain, Samantha. Samantha, I get it. I
Speaker 5: get it. You're infested with black mold. But let me
Speaker 5: explain something. Whether you like it or not, whether anyone
Speaker 5: likes it or not, black mold, the appearance and the
Speaker 5: presence of black mold is not a health risk unless
Speaker 5: you touch it or it's in the air. We don't,
Speaker 5: but I think it might be in the air if
Speaker 5: you said, you smell it when you turn on the heat.
Speaker 5: So hold on, put on, hold. She's I don't know
Speaker 5: if she's rustling around. I have no idea if she's
Speaker 5: on a carnival ride. Thank you. Let's get Mark Shamanskian
Speaker 5: to talk about this to see what's happening. Look, black
Speaker 5: mold's not a picnic. Now, I would say nine out
Speaker 5: of ten times the black mold is not an issue.
Speaker 6: But it is an issue because.
Speaker 5: It's there and it's disgusting and you have to have
Speaker 5: it cleaned because you can't touch it and you can't
Speaker 5: disturb it, so you don't want it there. You definitely
Speaker 5: want to eradicate it. But eradicating it sometimes, Samantha, whether
Speaker 5: you like it or not, is painting over it. That's right.
Speaker 5: You kill it and then you paint over it and
Speaker 5: people think, oh no, we got to take the whole
Speaker 5: house down to bear studs. I mean, that's just not true. Now,
Speaker 5: if we can't get Mark Schimansky, we can try rock
Speaker 5: over at Let's see our restorate American Restoration. To thank you,
Speaker 5: that was a Biden moment. Isn't that terrible? We're forever
Speaker 5: going to have Biden moments now he's gonna be synonymous
Speaker 5: with this. Well anyway, thank you. Okay, when I have
Speaker 5: a Biden moment, you have permission to play that, and
Speaker 5: then I'm going to sue you in my lawsuit for
Speaker 5: making fun of people at risk in a hostile work environment.
Speaker 5: That's what it is.
Speaker 1: Cash in baby.
Speaker 5: Hey, on a serious note, now, I'm gonna go to Dwayne.
Speaker 5: After the break, we got Joe Kiano with us. Joe,
Speaker 5: if you had to sum up your message in two sentences,
Speaker 5: how would you do it?
Speaker 8: Shafety and growth safety? Okay, what we do have to
Speaker 8: become the banker. We offer a safety for people not
Speaker 8: to lose their money and also growth potential for people
Speaker 8: to want to grow their nest egg.
Speaker 5: And it gets more and more appropriate as you get older.
Speaker 6: Of course.
Speaker 5: Well, I want to ask something that I've never asked before,
Speaker 5: and I want you to calculate something. What if when
Speaker 5: your baby's born? And I'm serious, this is something that
Speaker 5: you know people don't think about. But let's say your
Speaker 5: baby's born, and you get presents, and you get cards
Speaker 5: and checks. Maybe let's say you can squirrel away five
Speaker 5: grand for a baby. Now, nobody would normally think of
Speaker 5: a fixed indextinuity for a baby, but they buy savings bonds,
Speaker 5: which are crap.
Speaker 6: So let's talk about it.
Speaker 5: I want to know if there's a baby who puts
Speaker 5: away five grand, what happens at sixty? I'm just curious.
Speaker 5: Do you think those numbers are impossible to run.
Speaker 6: No, I can do wor it is five grand?
Speaker 5: Wait wait, you might tell me, wait, five grand might
Speaker 5: be too small, is it?
Speaker 8: No? I think it's I think it's perfect. You can see.
Speaker 8: The solution for that would be that becomes a banker
Speaker 8: life insurance policy. It offers growth guarantees, and it will
Speaker 8: actually become a beautiful nest egg for that baby when
Speaker 8: that baby becomes twenty, okay.
Speaker 5: Thirty, I get it. Can you convert that? Can you
Speaker 5: ever convert that over to an annuity? Or there's no
Speaker 5: need to?
Speaker 8: Well, a lot of people, do you know a lot
Speaker 8: of people start young with an overfunded life insurance policy,
Speaker 8: and when they become sixty five and they want to retire,
Speaker 8: you can take the lump sum of money from the
Speaker 8: life insurance policy and actually create an immediate annuity, just
Speaker 8: like Deputy Duck has an immediate annuity that will pay
Speaker 8: out each and every month for the rest of the
Speaker 8: person's life.
Speaker 5: Okay, Then another question, if you do have a baby
Speaker 5: and you want to start an annuity, you kind of
Speaker 5: shied away from the five grand saying it would be
Speaker 5: better for become the banker overfunding life insurance. What would
Speaker 5: be the amount you would have to put in to
Speaker 5: start an annuity for a.
Speaker 8: Baby ten thousand dollars seek and I want to do
Speaker 8: locked up? Yeah?
Speaker 5: Well I know, but let's just say if it's a
Speaker 5: baby and you just put ten grand away, what would
Speaker 5: happen like when the baby's older? I mean, do they
Speaker 5: have to be sixty five to a new attize it?
Speaker 5: Or can they be fifty to fifty five? How old?
Speaker 8: Well they can be after ten years? You know they
Speaker 8: can when this becomes twenty two or twenty that they
Speaker 8: can annew it tyson ten years old.
Speaker 5: Yeah, but let's talk about let's talk about a really
Speaker 5: long time. I want to know if somebody puts ten
Speaker 5: grand away for their baby in an annuity with a bonus,
Speaker 5: what will it be at age fifty and age sixty
Speaker 5: and sixty five? I think it would be great if
Speaker 5: you could have someone run those numbers. I'm Tom Martinez.
Speaker 5: We have more coming up on The Troubleshooter Show. Three
Speaker 5: three seven, one three A two five five Go with
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Speaker 5: seven to one. Help. You'll think you're his only customer
Speaker 5: when you choose Frank durand the real estate Man dot
Speaker 5: com to list your home with Remax Alliance three oh
Speaker 5: three nine two zero sixteen twenty two. Hi Tom Martino,
Speaker 5: your troubleshooter three oh three seven one three talks seven
Speaker 5: one three.
Speaker 6: Eight two five five.
Speaker 5: Okay, Now we have Mark Schamanski with us from Genesis
Speaker 5: Total Exteriors dot Com. Now, Mark's a friend and I've
Speaker 5: been I've known him for many years. Now I'll explain.
Speaker 5: He does all kinds of exterior stuff, roofing, gutter, siding,
Speaker 5: sophist facial windows, siding, and I said, signing, decks, painting, fences,
Speaker 5: everything right. But he also does mold mold remediation, and
Speaker 5: he does on the inside.
Speaker 6: He has that special going on. Now he'll replace your wooden.
Speaker 5: Doors your excuse me, your hollow doors with solid wood
Speaker 5: doors and he'll do two for one on that, or
Speaker 5: he can place or if you also want, he can
Speaker 5: do your your balusters and your railings from wood to metal,
Speaker 5: any part of them. So so he's all around, right.
Speaker 5: So I've leaned on him a lot as my expert.
Speaker 5: I wanted to get that background. So Mark Schamansky, my
Speaker 5: question to you is very simple. She saw a lot
Speaker 5: of black mold. We've talked about this before. The actual
Speaker 5: presence of black mold no one wants. Obviously it's not
Speaker 5: all top they but no one wants it. But if
Speaker 5: it is toxic and it's on the wall and it
Speaker 5: hasn't been disturbed, it doesn't necessarily affect your health. I'm
Speaker 5: not saying we want it there. Obviously you can't touch
Speaker 5: it or disturb it, but the mere presence of the
Speaker 5: mold does not contaminate the air. Is that correct?
Speaker 13: Well, it just depends on the level of that mold.
Speaker 13: Is if once it gets fuzzy, you know, so you
Speaker 13: kill a little texture to it, and then there's a
Speaker 13: breezon there, there's spores. You're going everywhere.
Speaker 5: Tom Okay, got it. Now, what I want to know
Speaker 5: is if you kill it? Now, do you literally when
Speaker 5: you kill it, you also do you scrape it off
Speaker 5: and then kill it and then cover it? What do
Speaker 5: you do? It just depends on this first, you have
Speaker 5: to stop the food source.
Speaker 13: Right, right, and so then you know basically what you
Speaker 13: Most of the time what we do is we encapsulate it.
Speaker 13: But if it's not a dry wall, it's better to
Speaker 13: cut the drywall out and just put in a drywall there.
Speaker 13: And you know, by this ease you soak it with
Speaker 13: the different chemicals and such, and it's already in the
Speaker 13: into the drywall.
Speaker 4: It's just best to replace the drywall. You get to
Speaker 4: the wood.
Speaker 13: Studs of a house, well, then that's that's a lot
Speaker 13: more costly just to replace those. So that we usually
Speaker 13: go ahead and chemically treat it, encapsulate it, and then
Speaker 13: you can go on back and you'll put your drywall
Speaker 13: or whatever surface.
Speaker 8: You have on.
Speaker 6: Okay over that, then I understand.
Speaker 5: So, so you cut it out with the drywall, you
Speaker 5: cut it out, dispose of it, and with the with
Speaker 5: the wood, the studs or the floor joists, you kill
Speaker 5: it and cover it.
Speaker 13: Yeah, we can encapsulate it correct. So yeah, then it's
Speaker 13: it's yep, with a special chemical and you need to
Speaker 13: be gettin to use and then then basically then then
Speaker 13: you're able to cover that up with whatever.
Speaker 5: Yeah, maybe it's.
Speaker 13: Okay, it's over now when you do that.
Speaker 5: Yeah, yeah. Now, once you do that, does it then
Speaker 5: eventually clear out of the air?
Speaker 2: Yes?
Speaker 8: Yeah.
Speaker 13: What we do is you do it negative airflow in
Speaker 13: your house is basically causing all in affected area. You
Speaker 13: make a tunnel to the outside of the house, so
Speaker 13: all the all the more mold sports go out of
Speaker 13: the house when you're working in the area, so you're
Speaker 13: not contaminating rest of the house. You encapsulate that area
Speaker 13: with uh with plastic sheathing, you know, you make it
Speaker 13: like a little cocoon type situation that you're working in,
Speaker 13: and then you do a negative air into that so
Speaker 13: all the air goes out.
Speaker 8: Of one spot.
Speaker 13: Now, if you're after you encapsulate, then you also scrub
Speaker 13: the air just to make sure the air of the
Speaker 13: house is clean.
Speaker 5: Okay, Now, if you do all of this, that's pretty good.
Speaker 5: But it takes a while and it takes effort. So
Speaker 5: what I'd like to know is is it expensive?
Speaker 13: I mean, it can be if it's just a very
Speaker 13: small area, that's not so bad. But if the house
Speaker 13: is affected, it can it can become very expensive.
Speaker 5: Okay. The next thing, then you can't just go in
Speaker 5: and just cover it up. You got to do more
Speaker 5: than that. You got to kill it. Well, first you
Speaker 5: have to stop the source, which is water. Then you
Speaker 5: have to cover it, right, I mean kill it, and
Speaker 5: you kill it and then cover it.
Speaker 13: Cover Yeah, exactly, kill it then then cover it. I
Speaker 13: mean you should do it in a responsible way so
Speaker 13: you're not spreading the spores throughout a heavy concentration of
Speaker 13: spores throughout the space.
Speaker 5: Okay. So how much would a if she wanted to
Speaker 5: know about the air in her apartment, if it's making
Speaker 5: her sick, how would she be able? How would tell
Speaker 5: me about the test? Would it be expensive?
Speaker 13: So you know, we do a we do a three
Speaker 13: three area tests. One of when is your balance? That's
Speaker 13: that's done outside to see what it should read right
Speaker 13: inside your house, and then we do two other samples,
Speaker 13: usually inside the house. And that that costs for ninety nine.
Speaker 5: Okay, So thank you very much, Mark Schumansky, Genesis tootalexteriors
Speaker 5: dot com three zero three six seven nine eighty five
Speaker 5: zero nine. So Samantha very quickly here, it's probably contaminated
Speaker 5: your air, but it would what would really help you?
Speaker 5: Although the health department may have done tests already if
Speaker 5: they ordered it cleaned up. Did the Health Department do
Speaker 5: air sport tests in the.
Speaker 7: Air, No, they did not.
Speaker 11: They just put a machine up to the top of
Speaker 11: the ceiling and it said that it was reading sixty
Speaker 11: to sixty five percent.
Speaker 5: Well, what kind of machine?
Speaker 14: We had a little metal probe on it?
Speaker 8: Did?
Speaker 11: They stuck to the ceiling and as soon as they
Speaker 11: stuck it there by their sixty to sixty five percent,
Speaker 11: we will be ordering thirty day issues to have it fixed.
Speaker 5: Okay, Okay, Well, like I said, they took care of
Speaker 5: that anyway. So now what do you want since the
Speaker 5: Health Department ordered them to fix it? What do you
Speaker 5: need now from us?
Speaker 11: I just it's kind of ridiculous because this is not
Speaker 11: just the first segment that has been done on the
Speaker 11: Coalition day. I believe Channel nine had did a segment
Speaker 11: on the Coalition.
Speaker 8: Of in.
Speaker 5: Now when you say the wait, wait, when you say
Speaker 5: hold on, when you say the coalition, what are you
Speaker 5: talking about? The coalition?
Speaker 7: The Coalition for the homeless?
Speaker 5: Is that?
Speaker 6: What is this? How you got the apartment?
Speaker 7: Yes, I have Section eight housing through them.
Speaker 5: Okay since March, and it was through it was through
Speaker 5: the homeless and it was a session. Yes, oh well,
Speaker 5: that's at least nice that they're helping you to get
Speaker 5: a place. But like you said, you need to you
Speaker 5: need to get something that's not poisonous. And are they
Speaker 5: willing to do anything for you.
Speaker 7: No, they're not doing anything at all. They refuse to
Speaker 7: even look at it.
Speaker 5: Okay, guys, any ideas? Okay, everyone in the world who
Speaker 5: calls us on Section eight or on government housing has
Speaker 5: health issues, or their kids have health issues, or they're
Speaker 5: near death or something.
Speaker 6: Everyone they they don't seem to.
Speaker 5: That doesn't seem to light a fire under their ass.
Speaker 6: It just doesn't. I understand it.
Speaker 5: And I understand your concern and I would be too.
Speaker 6: And I'm and just because.
Speaker 5: You got housing from Section eight and the Coalition doesn't
Speaker 5: mean that you don't deserve at least safe housing for
Speaker 5: God's sakes, I get that, Samantha, And but the coalition
Speaker 5: should be doing something if truly the place they're putting
Speaker 5: you in is unsafe. So if you need to leave there,
Speaker 5: do they have another place you can go to?
Speaker 10: They would put me in another property that would be
Speaker 10: drug infested, which will not be good to my recovery.
Speaker 14: I have been three years.
Speaker 5: Well write, I'm not you know, and seriously, Samantha, I
Speaker 5: understand what you're saying, but I mean you have to
Speaker 5: understand too that this is all done on charity, right,
Speaker 5: and on government funds, So there's a limit to what
Speaker 5: you can get. They're not going to put you in
Speaker 5: a fancy condo somewhere, Okay. It's it's there's going to
Speaker 5: be some sacrifice. I'm not saying you should be around
Speaker 5: meth addicts or you should be in an unsafe housing development,
Speaker 5: but there you're not. You're You're never going to get
Speaker 5: something perfect, never, And I'm not trying to be mean
Speaker 5: to you. I'm just trying to give you a fact
Speaker 5: of life. It's there's always going to be some give
Speaker 5: and take. So it's you and your child.
Speaker 7: Yes, me and my child and my husband.
Speaker 5: Okay, Okay. Now what I'd like to know is what's
Speaker 5: the name of the complex you're in?
Speaker 10: See Renaissances at Blue Spruce off of sixth in Quebec.
Speaker 5: Okay, at the Renaissance. Okay, Now does your husband work.
Speaker 7: Right now?
Speaker 10: We are currently scrappers, So we leave, we drop myself
Speaker 10: off at day chair and then we wet to get
Speaker 10: in and out of dumpsters all day long to find
Speaker 10: metal to be able to sell to the junk yard.
Speaker 5: Okay, So I'll tell you what. We need to put
Speaker 5: someone on this to at least investigate what they're doing
Speaker 5: for you and if it's adequate, okay, we can figure
Speaker 5: it out. So I think Deputy D might make some
Speaker 5: phone calls. He'll get your number. Here's what we need
Speaker 5: to figure out. Okay, I'm going to give you the priority. First,
Speaker 5: when will they get the apartment fixed? And will it
Speaker 5: be adequate? Okay, because it could be potentially dangerous. Second,
Speaker 5: if they don't get it fixed, do they have alternate
Speaker 5: housing for you that's not drug infested? And basically those
Speaker 5: are the things we're going to start with. Okay. So
Speaker 5: you hang on and we'll get someone to look into
Speaker 5: this for you. Did you have something to say.
Speaker 2: D or not?
Speaker 8: Yeah?
Speaker 1: Tom, I think you know what do you think of this?
Speaker 15: I think I need to approach this extremely tactfully because
Speaker 15: if there is a perception that she is getting free
Speaker 15: government housing and then she got the government involved in this,
Speaker 15: and she's getting a radio show get involved in this,
Speaker 15: I just don't want it to get kicked out because
Speaker 15: they'll get sick of dealing with her.
Speaker 5: No, No, that's true, that could happen, but we'll ca Yeah,
Speaker 5: we have to be careful that we do not cause
Speaker 5: you more trouble, but we'll try to help you. Okay.
Speaker 5: May I ask Samantha how you got our number or
Speaker 5: how you got our name to call.
Speaker 11: I was able to remember that I talked to you
Speaker 11: a couple of years ago when my daughter was sixteen
Speaker 11: and missing.
Speaker 5: Okay, okay, whatever happened with that case.
Speaker 11: She ended up in the system, and when she turned
Speaker 11: eighteen and aged out, they just kicked her to the street.
Speaker 11: Where is she now homeless in Denver?
Speaker 8: Oh?
Speaker 5: My god?
Speaker 6: Are you trying to help her too?
Speaker 11: I can't have her around my son or they'll take
Speaker 11: my son from me because she's an active set no
Speaker 11: user now.
Speaker 5: Oh you know? Oh God, and you and you were
Speaker 5: an addict too, right?
Speaker 14: Yes?
Speaker 8: Yes?
Speaker 5: Oh?
Speaker 6: It's so sad, isn't it?
Speaker 5: Isn't it? How that stuff is just so insidious and
Speaker 5: can get into families and just route them out? All right?
Speaker 5: Hang on, I'm Tom Martine three oh three seven one
Speaker 5: three talk seven one three eight two five five Denver
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Speaker 5: Go with a sure thing Denver's best roofer Excel Roofing
Speaker 5: dot com.
Speaker 12: You don't pay a cent until you're content.
Speaker 5: Time for an insurance check up free, no obligation comparison
Speaker 5: call Compass Insurance paying too much your coverage at dozens
Speaker 5: of insurance companies find out now three oh three seven
Speaker 5: to seven to one help. You'll think you're his only
Speaker 5: customer when you choose Frank durand the real estate Man
Speaker 5: dot com to list your home with Remax Alliance three
Speaker 5: oh three nine two zero sixteen twenty two. Hey, I'm
Speaker 5: Tom Martino. You're troubleshooter three oh three seven to one
Speaker 5: three talk three h three seven one three.
Speaker 6: Eight two five five. I just want to say.
Speaker 5: If I can mark this day on YouTube with no
Speaker 5: technical difficulties.
Speaker 6: All of the morons get cars.
Speaker 5: I'm gonna be Oprah and uh, you're all gonna get
Speaker 5: a car.
Speaker 6: You get a car, You get a car, You get
Speaker 6: a car.
Speaker 5: Hey, right, that's funny. Three all three seven one three
Speaker 5: eight two five so a two five. Now we're done
Speaker 5: with Samith. When you're not done with her, we're giving
Speaker 5: Samantha over to Deputy d Now, Dwayne, what is your
Speaker 5: question about chimney sweeps?
Speaker 2: Hi?
Speaker 8: Good, right, Tom?
Speaker 16: Hope you and the cruise for having a good Tuesday morning.
Speaker 5: Yeah, you know what. I love this time of year
Speaker 5: because people are laid back, looking forward to the new year,
Speaker 5: and I just think people are in better moods all
Speaker 5: the way around.
Speaker 16: Brian, my issues seem so trivial compared to damn. But
Speaker 16: I went on your website dot com and I was
Speaker 16: looking for a chimney sweep and it turned up no results.
Speaker 5: I know it was very difficult. We had one one time,
Speaker 5: didn't have good luck with that. I don't Okay, tell
Speaker 5: me this, Do you really need a chimney sweep?
Speaker 6: What are you looking for?
Speaker 16: Well? I have a Renald place that I've owned for
Speaker 16: twenty years. It's never been slapped. I'm ashamed of me
Speaker 16: and there's an insert in there. But my tenants started
Speaker 16: a fire last week and all the smoke blew back
Speaker 16: into the house. And regardless, Now I think I could
Speaker 16: go ahead.
Speaker 5: I will say that. Now, where's it located.
Speaker 16: In Lakewood, Colorado?
Speaker 5: Okay? Now, I do know there are some people that
Speaker 5: do duct work that do it, and I'm not sure
Speaker 5: if our ducked people do it. But it's not brain damage.
Speaker 5: It's just that you need someone insured. You can end
Speaker 5: up in very big trouble. That's really important. And of
Speaker 5: course you want someone that actually does the job because
Speaker 5: there's no way for you to know if they did
Speaker 5: or not. Really, so I'm trying to get some recommendations
Speaker 5: here from other sources. I'm looking at my duck cleaners too,
Speaker 5: but it's really the ones we had. I shouldn't say
Speaker 5: that because people might remember some of them were not
Speaker 5: They weren't bad. They just it was just a bad
Speaker 5: industry to I have a question. Yes, go ahead. So Dwayne,
Speaker 5: this is bo your chimney is it?
Speaker 17: Is it a masonry brick chimney or do you have
Speaker 17: a steel liner inside the chimney.
Speaker 16: I'm assume it's masonry either.
Speaker 8: It was.
Speaker 17: Okay, is it possible, is it your damper that the
Speaker 17: fireplace damper could just be in a closed position.
Speaker 16: We definitely checked that one.
Speaker 5: Okay, And then the top of I have an idea.
Speaker 17: Okay, oh I'm sorry, go ahead, I'm just gonna have
Speaker 17: the top of the chimney might have a bird ness
Speaker 17: or something obstructing that there would be simple to look
Speaker 17: at just getting up on the road.
Speaker 5: Yeah, but that's kind of dangerous. And these guys, listen,
Speaker 5: I found a company that totally by searching. They have
Speaker 5: a four point nine and they've been around for seven years.
Speaker 5: There's another one that has five star. I just I
Speaker 5: always want to see how many reviews. The one that
Speaker 5: has four point nine has two hundred and thirty six reviews.
Speaker 5: Now you can't fake that. Another one has five star
Speaker 5: reviews and they're one hundred and forty six. And ah,
Speaker 5: you know, I mean you could do worse than that.
Speaker 5: Now there's okay, this is definitely two hundred and thirty
Speaker 5: six reviews, four point nine, seven years in business. Their
Speaker 5: name is Denver Chimney Cleaning. Wait a minute, there's hold on,
Speaker 5: there's another one. Holy crap, there's another one with three
Speaker 5: hundred ninety reviews and they're all five star. Holy crap,
Speaker 5: that's called crown Up Pros. You know we should hit
Speaker 5: some of these up to be on our referral list.
Speaker 5: I mean, when you have three hundred ninety reviews and
Speaker 5: you got five stars. Again, I'm not a big guy
Speaker 5: for reviews unless there are a lot of them. Now,
Speaker 5: you know, you can tell of they're faked or not.
Speaker 5: This one, this I try crown Up. You know they
Speaker 5: don't they look pretty cool. They look like a bunch
Speaker 5: of young men and really, how do I put this?
Speaker 5: They look like hard working young people. But man, do
Speaker 5: they have good reviews? Really good reviews? And then so
Speaker 5: that's crown Up. Do you have a pen or do
Speaker 5: you have something to write with? No?
Speaker 16: I can remember that though.
Speaker 8: I'm good crown Up.
Speaker 5: And the other one is the other one on just
Speaker 5: a Denver. Yeah, so that's what you know. I'm telling
Speaker 5: you those who have the best ratings for the amount
Speaker 5: of ratings Denver Chimney Cleaning and crown Up.
Speaker 16: Perfect Com get one of those on your referral lists.
Speaker 5: I got to man, you know, last time we didn't
Speaker 5: have luck. But these guys are showing some good stuff here.
Speaker 5: I'm Tom Martine, go with a sure thing Denver's best
Speaker 5: roofer Excel Roofing dot com. You don't pay a cent
Speaker 5: until you're content. Time for an insurance check up free,
Speaker 5: no obligation. In comparison, call Compass Insurance paying too much
Speaker 5: your coverage at dozens of insurance companies find out now
Speaker 5: three oh three seven seven to one. Help. You'll think
Speaker 5: you're his only customer when you choose Frank durand the
Speaker 5: real estate Man dot com to list your home with
Speaker 5: Remax Alliance three oh three nine two zero sixteen twenty two.
Speaker 5: Him Martino, you're troubleshooter three all three seven one three
Speaker 5: talk three all three seven one three eight two five five.
Speaker 5: So let's go back to Joe Kanno. I ask him,
Speaker 5: he is with my Moneymway dot com. I asked him,
Speaker 5: what would happen if you have a baby and let's
Speaker 5: say you put it away for uh, you know, age fifty,
Speaker 5: age sixty sixty five, and you put ten grand in
Speaker 5: the minimum in an annuity way back. Now, let's suggestion
Speaker 5: you do it. I have no idea. I've never actually
Speaker 5: run this man. What does it look like Joe? In
Speaker 5: a fixed indexed annuity.
Speaker 8: Amacing number storm amazing numbers.
Speaker 5: Okay, let's let's hear it.
Speaker 8: At age fifty, the ten thousand dollars that a grandparent
Speaker 8: or a grand parent who's away for their grandchild or
Speaker 8: child will become one hundred and seventy thousand, two hundred
Speaker 8: and thirty nine dollars ten thousand dollars.
Speaker 6: That's at fifty whoop at all?
Speaker 8: Right?
Speaker 6: I want to hold on.
Speaker 5: I want to come back to more and then I
Speaker 5: want to talk about income. Right after this, go with
Speaker 5: a sure thing Denver's Best roofer Excel Roofing dot com.
Speaker 5: You don't pay a cent until you're content. Time for
Speaker 5: an insurance checkup free, no obligation. In comparison, call Compass Insurance.
Speaker 5: Pay too much your coverage at dozens of insurance companies
Speaker 5: find out now three oh three seven seven to one help.
Speaker 5: You'll think you're his only customer when you choose Frank
Speaker 5: Durand the real estate Man dot com to list your
Speaker 5: home with Remax Alliance three oh three nine two zero
Speaker 5: sixteen twenty two.
Speaker 3: D News needs so you don't have run incious stas
Speaker 3: as we can, no shoot's gonna help come.
Speaker 13: Dix is the Troubleshooter Show, No Tom Martino.
Speaker 5: Hello Tom Martino here, Welcome to the show. Three oh
Speaker 5: three seven one three talk three O three seven one
Speaker 5: three eight two five five. We're taking any and all
Speaker 5: calls as we wind up the year, as we head
Speaker 5: to Christmas, and as we are set to take a
Speaker 5: few days off here and there. We want to clean
Speaker 5: out your house of problems, clean out your house anything lingering,
Speaker 5: Let's get rid of it. We got deputies. I've never
Speaker 5: had such a good group of deputies in my life.
Speaker 5: I mean, I've had experienced business people either still working
Speaker 5: or retired and doing things on the side that are smart,
Speaker 5: capable and tenacious. Now, any one of them could do
Speaker 5: the show. And I mean it is. If they were
Speaker 5: just a little better looking and had a better voice
Speaker 5: and a more command over the English language, and a
Speaker 5: little smarter, and they dressed better, they could do it.
Speaker 5: Uh Oh, I didn't get any comments on that. Three
Speaker 5: oh three seven three talk seven one three eight two
Speaker 5: five five. Deputy Dollar, you're curiously silent, and so is
Speaker 5: BO and Deputy D and everyone else. But in any case,
Speaker 5: let's talk to Joseph Canno, Certified Financial Planner, now again
Speaker 5: I'm going to say this, and I'm going to say.
Speaker 6: This because.
Speaker 5: I like Joe and I trust Joe, and also it's
Speaker 5: kind of weird, but I have I have certain things
Speaker 5: I have to say on the air. Do you know why?
Speaker 5: Because since I got registered myself is a financial advisor,
Speaker 5: I was notified that when I talk about anything aster
Speaker 5: a turnkey, even it's not a security, but you have
Speaker 5: to make certain disclosures, okay, And so with Joe, got
Speaker 5: to make certain disclosures even though Joe is not dealing
Speaker 5: in a security.
Speaker 6: And one of the disclosures.
Speaker 5: I can make with Joe is that it's one of
Speaker 5: the few products that is absolutely guaranteed and you're allowed
Speaker 5: to say guaranteed as an investment because it's backed by
Speaker 5: private insurance companies with like one hundred year history. And
Speaker 5: whenever you have bonds or other things backed, you can
Speaker 5: say they're guaranteed. If they're guaranteed, you can say that.
Speaker 5: Now I'm talking. I'm talking to Joe because I asked
Speaker 5: them to what would happen if you put ten grand
Speaker 5: down for a baby and you just let us sit
Speaker 5: there until the baby and I don't know how old
Speaker 5: did you figure East Joe, when you did.
Speaker 8: This what you just said, fifty, sixty, sixty five, and seventy.
Speaker 5: Yeah, but how old? How old did you were you
Speaker 5: figuring the baby at a year old or yet less
Speaker 5: than a year or whatever?
Speaker 6: Brand new, brand new baby?
Speaker 8: Got it more?
Speaker 5: Okay? So I said, I said, what would the baby
Speaker 5: have at fifty? What would the baby have a fifty?
Speaker 5: What would the baby have at sixty? What would the
Speaker 5: baby have at sixty five? So go ahead, let's talk.
Speaker 5: I want to talk about the account value. Then I
Speaker 5: want to talk about the monthly check. So let's take
Speaker 5: age fifty.
Speaker 8: Okay, age fifty. That ten thousand dollars will convert into
Speaker 8: one hundred and seventy thousand, two hundred and thirty nine
Speaker 8: dollars guaranteed. Now think about that. Now, the income stream
Speaker 8: that that child will get at age fifty from that
Speaker 8: amount will be five thousand, seven hundred and three dollars
Speaker 8: each and every year for the rest of their lives.
Speaker 8: Think about that. So if they live to be let's
Speaker 8: say twenty years, let's say seventy, they may plice the
Speaker 8: amount of money that the grandparent or the parent invested
Speaker 8: to get this annuity started. Now, no, hold on numbers.
Speaker 6: So hold on.
Speaker 5: So they're making about four hundred forty bucks a month
Speaker 5: in income when they are fifty.
Speaker 8: When they're fifty, guaranteed for the rest Okay now.
Speaker 6: Now, okay, got it, I get it.
Speaker 5: Now, let's go to age sixty.
Speaker 8: At eight sixty, that numbers get better. Three hundred and
Speaker 8: eight thousand, two hundred and thirty two dollars. That ten thousand.
Speaker 5: Dollars holy crown, yea, yeah.
Speaker 8: Three hundred and eight thousand to thirty two. That's almost
Speaker 8: a half a million. Well it's over, you know, a
Speaker 8: quarter of a million dollars, and their income stream will
Speaker 8: be thirteen thousand, four h eight every year for the
Speaker 8: rest of their life.
Speaker 5: More than one thousand, more than one thousand bucks a
Speaker 5: month in income. I wonder what it would be worth
Speaker 5: up there in the future though, you know, because you
Speaker 5: always have the cost of inflation and expense.
Speaker 6: But anyway, keep going, what else, right seventy five?
Speaker 8: At age sixty five, four hundred and fifty nine thousand
Speaker 8: and four thirty six, that ten thousand dollars will turn
Speaker 8: to a half a million dollars. Think about that guaranteed,
Speaker 8: and their income stream will be twenty two thousand, two
Speaker 8: hundred and eighty three dollars, almost two thousand dollars a
Speaker 8: month for the rest of their lives. Only ten thousand
Speaker 8: dollars can get that child at.
Speaker 5: Wow. And at eight that's that's incredible.
Speaker 8: Age seventy two, At age seventy two, tom, that ten
Speaker 8: thousand dollars will become six hundred dread forty four thousand,
Speaker 8: three hundred and forty eight dollars. So if they want
Speaker 8: to cash the end, that ten thousand dollars will give
Speaker 8: them over a well over a half a million dollars.
Speaker 8: They're But if they want to have an income at
Speaker 8: that point for the rest of their life, at age
Speaker 8: seventy two, it will be thirty four.
Speaker 5: Do you get Do you get compounding with this?
Speaker 8: Yes, there's compounds at two point seventy five percent.
Speaker 5: Every year, okay. And one of the things I wanted
Speaker 5: to make to make sure and again you know, there
Speaker 5: is a place for practically every investment vehicle in the world. Now,
Speaker 5: there are certain ones that are more dangerous than others
Speaker 5: I would recommend against, and of course there are private
Speaker 5: things you got to be careful of. So I want
Speaker 5: to say that, So there's a place for everything. But
Speaker 5: there's always a cost, or there's always when I say risk,
Speaker 5: not necessarily a risk of losing, but risks of missing
Speaker 5: out on other things. But as you get older, the
Speaker 5: risk of missing out is less important to you. And
Speaker 5: so you know, in other words, if you want an annuity,
Speaker 5: as you get older, they get more important because the
Speaker 5: guarantees are more important. And I've always said this, with
Speaker 5: an annuity, you do, if we're going to be totally transparent,
Speaker 5: you sacrifice a bit of upward movement if the market
Speaker 5: is doing great. But again you don't have to risk
Speaker 5: the downward, but you risk some of the upside that
Speaker 5: you don't participate in. You also could risk not investing
Speaker 5: in something else, like you know, a stock or something,
Speaker 5: but then again those stocks carry risk of going down
Speaker 5: as well. So but but as I said, there's something
Speaker 5: for everyone in every vehicle. The important thing is knowing Joe,
Speaker 5: I think, how.
Speaker 6: Much of your port folio to a lot.
Speaker 5: Two different things, and when to do it right?
Speaker 6: Not just how much, but when.
Speaker 8: That is right to them? You know, and what do
Speaker 8: you now You've got to remember, Well, what I think
Speaker 8: is you know, as a financial planner, you need to
Speaker 8: take into account. You know, the consumers, you know, whether
Speaker 8: or not they want to risk their money. They're risk tolerance.
Speaker 8: I call it risk tolerance. That's right, firstend, that's some
Speaker 8: consumers make me young, but they don't want to lose
Speaker 8: any money. So they're not suited for a security. There
Speaker 8: may be suited a better suitit or an annuity that
Speaker 8: guarantees them. So it's up to the client. It's not
Speaker 8: to the financial advisor. We are the financial planners that
Speaker 8: can help people by guiding them based on their goals
Speaker 8: and objectives and lives and and the risk tolerance. I mean,
Speaker 8: let me ask you this. If I was to ask you,
Speaker 8: and you may be different, you know, but I mean
Speaker 8: if I were to ask the average everyday consumer, how
Speaker 8: much money can you afford to lose? What?
Speaker 2: What?
Speaker 8: What do you think? The majority will say, Tom.
Speaker 5: You know what?
Speaker 2: None?
Speaker 8: Zero?
Speaker 5: Yeah, that is I would say, I would say that
Speaker 5: I don't want to lose money.
Speaker 8: Yeah, I mean, so people are really adverse of losing money.
Speaker 8: So you see when they buy a security, they are
Speaker 8: actually walking into the fire because they could lose money.
Speaker 8: It's almost like gambling. When you go to Las Vegas.
Speaker 8: I mean, you can put a coda on the machine
Speaker 8: with the hopes that you're going to make it big.
Speaker 8: But a lot of times you just quoder seeing and
Speaker 8: coder seeing and coder seeing. So an annuity is a
Speaker 8: totally safe investment based on the client's needs and objectives
Speaker 8: and their risk tolerance that they may have.
Speaker 6: I'm okay now, of course it does.
Speaker 5: And again we'll talk about all of this with the associated.
Speaker 6: Benefits or risks.
Speaker 5: If there are risks, and I talked about upside risk,
Speaker 5: we can take a look at what money would do
Speaker 5: in a fund. You know, here's what's really funny when
Speaker 5: we talk about an S and P fund. If you
Speaker 5: can find a good indexed fund, truly there are some,
Speaker 5: and then you can take an amount and invest in it.
Speaker 5: Almost no one, because of their financial advisor, leaves.
Speaker 6: Them in it.
Speaker 5: And that is where risk comes in, is where people
Speaker 5: get nervous with ups and downs in the market. If
Speaker 5: you leave it, you have a better chance of making money.
Speaker 5: But even if you leave it and you're making money
Speaker 5: as you grow older, you convert it, heard it And
Speaker 5: so that's the secret. When do you convert? And that
Speaker 5: is what people need to know. They need to know
Speaker 5: their own time horizon and their own desires.
Speaker 6: We have more coming up.
Speaker 5: Three oh three seven one three talk seven one three
Speaker 5: A two five five. Frank durand the real estateman dot
Speaker 5: com wants to convert. Wants to tell you, I mean,
Speaker 5: how much you can sell your house for based on
Speaker 5: his thirty years of experience. This complete sit down analysis
Speaker 5: or on the phone. It is complete with your neighborhood,
Speaker 5: the comps, the size of your house, the the interest rates.
Speaker 5: He'll let you know, and he's pretty dang accurate. It's
Speaker 5: not an appraisal, it's what it will sell for based
Speaker 5: on his experience if he lists it, and there is
Speaker 5: no obligation whatsoever.
Speaker 6: Get your analysis. Three oh three nine two zero sixteen
Speaker 6: twenty two.
Speaker 5: Frank Duran, the real estate man dot com. Go with
Speaker 5: a sure thing Denver's best roofer Excel Roofing dot com.
Speaker 12: You don't pay a cent until you're content.
Speaker 5: Time for an insurance check up, free, no obligation comparison
Speaker 5: call Compass Insurance paying too much your coverage at dozens
Speaker 5: of insurance companies find out now three oh three seven
Speaker 5: seven to one help. You'll think you're his only customer
Speaker 5: when you choose Frank durand the real estate man dot
Speaker 5: Com to list your home with Remax Alliance three oh
Speaker 5: three nine two zero sixteen twenty two. All right, I'm here,
Speaker 5: I'm here, I'm here, I'm here.
Speaker 6: I'm sorry. Three oh three seven one three talk seven
Speaker 6: one three eight two five five.
Speaker 5: So anyway, we're talking about your life, you're liberty, your
Speaker 5: pursuit of happiness. I got some texts here, and uh,
Speaker 5: I'm going to go to those. And this is uh,
Speaker 5: somebody wants to know who has smaller hands me. Oh,
Speaker 5: come on, I'm not going to get into that. That's code,
Speaker 5: isn't it. I think Shannon has the smallest hands that
Speaker 5: we're going there, he has tiny, tiny, tiny, tiny hands. Shannon,
Speaker 5: what do you think should never talk to a guy
Speaker 5: who's controlling the airwaves like that? I guess listen more on.
Speaker 5: Let me just take this because it's it's important. More
Speaker 5: on estate planning. I have a little story here that
Speaker 5: people text. Somebody texted me a guy did a quick
Speaker 5: claim deed to his son and he said, when I'm
Speaker 5: about to die, I want you to file it so
Speaker 5: we don't have to go through prob And he let
Speaker 5: me know that his dad is on his death bed,
Speaker 5: and you know what I told him? What did I
Speaker 5: tell him? Deco today? Maybe you're God?
Speaker 1: He said, don't do it because of the tax constant.
Speaker 5: Don't file it. How many times do I have to
Speaker 5: say this? I want you to tell me why? Because
Speaker 5: if you file it right before he dies, whatever price
Speaker 5: he paid for that house becomes your basis. You get
Speaker 5: to add in some of the improvements and all that
Speaker 5: he did. But still it's going to no doubt be
Speaker 5: a lower basis than when he dies this week or
Speaker 5: next week, because if you do the quick claim before
Speaker 5: he dies, you can't.
Speaker 6: Do it after.
Speaker 5: If you do it before he dies, then what happens
Speaker 5: is you get his basis. So let's say he bought
Speaker 5: it way back when bought it for two hundred. Maybe no,
Speaker 5: let's just say like one hundred and ten, and now
Speaker 5: it's five hundred. You're gonna have a problem because you're
Speaker 5: gonna have capital gains. Now, let's say now if you
Speaker 5: turn it into your own house, you can get an
Speaker 5: exemption on capital gains up to a certain amount.
Speaker 6: But why bother because if you keep it.
Speaker 5: Longer and longer, no matter what, you're always gonna have
Speaker 5: a lower basis. So the better way to do that
Speaker 5: if he's still alive. And I hate to be morbid,
Speaker 5: but I know what you said. He's still alive, have him.
Speaker 5: Now do a benefisheries deed. You can do that in
Speaker 5: your deathbed. A benefisheries deed will do what you wanted
Speaker 5: to accomplish, and more it will keep it out of probate.
Speaker 5: So when he dies, at that moment, the house transfers
Speaker 5: to you, and it transfers on today's basis. So let's
Speaker 5: say the house is worth five hundred. Now, if you
Speaker 5: want to sell it, you're gonna get five five point
Speaker 5: fifty five whatever, you know what, no tax. Now let's say, well,
Speaker 5: you know you're gonna have a little above the basis.
Speaker 5: But now if you keep it in your name and
Speaker 5: you want to live in it for a while, then
Speaker 5: you have a higher basis to start and you'll almost
Speaker 5: never exceed the exemption on top of that. So that's
Speaker 5: the way to do it. And I'm sorry your dad
Speaker 5: is as you say on his deathbed, but that's really the.
Speaker 6: Way to be safe when you're doing stuff like that.
Speaker 5: Now, somebody asks that I give my numbers out again,
Speaker 5: and I haven't done it. In a while.
Speaker 6: This voicemail here, excuse me voicemail.
Speaker 5: This Google number comes to my personal cell and when
Speaker 5: I'm not here or it comes to my computer and
Speaker 5: I get your texts immediately. Seven four seven nine nine
Speaker 5: nine fifty two eighty. That's seven four seven nine nine
Speaker 5: nine fifty two eighty. So that is a texting number.
Speaker 5: You can do it anytime and I'll get it. Now.
Speaker 5: We also have an iHeart number. It's a short code.
Speaker 5: They call it fives and thirty nine. You can text
Speaker 5: me there.
Speaker 6: Okay, Now, Tom, I have a question.
Speaker 5: This is one of the texts, by the way, that's
Speaker 5: five seven seven three nine, or as I said, my
Speaker 5: Google number seven four seven nine nine nine fifty two eighty.
Speaker 5: Now that Google number, you can text me around the clock, okay.
Speaker 5: That it doesn't have to be just during the show.
Speaker 5: You can also ask me about Wave eight Wealth Management,
Speaker 5: and if you want my financial advisement firm. You can
Speaker 5: ask about anything about the show, whatever you want at
Speaker 5: that number. Now, let's talk about this one question I got. Okay, Tom,
Speaker 5: I have a question for the lady that has an
Speaker 5: apartment with mold and they say they're doing dumpster diving.
Speaker 5: I don't think that can be any healthier or could
Speaker 5: be even worse than the house they're living in. You know,
Speaker 5: I never did you think, well that I didn't catch
Speaker 5: on to catch that.
Speaker 1: Yeah, of course that's not good for you either.
Speaker 15: But this woman sounds like she's a very limited means
Speaker 15: and it doesn't sound like she has any other They're
Speaker 15: going for metal scrap, right, yeah, there's Yeah, she calls
Speaker 15: herself a scrap or so she picks up scrap metals
Speaker 15: where she can, and then she sells them to the recycler.
Speaker 5: I can't believe how many people just texted me this.
Speaker 5: Another one just said, Tom, I can't believe a woman
Speaker 5: is worried about mold and goes out and does dumpster
Speaker 5: diving random dumpsters.
Speaker 6: Sad it is, now Wow.
Speaker 1: That doesn't mean it makes the mold okay though.
Speaker 15: Just because you're doing something that's extremely unhealthy doesn't mean
Speaker 15: that you should not try to eliminate one of the
Speaker 15: unhealthy parts of your life.
Speaker 5: People want to know if when I am on PARA, that's.
Speaker 1: A public employee retirement to account.
Speaker 6: That's when you're a teacher.
Speaker 5: Right, If I'm on PARA and my husband dies, do
Speaker 5: I get any of his benefit.
Speaker 6: Now, who would know about that? I'm gonna I'm gonna
Speaker 6: look that up.
Speaker 3: Tell him.
Speaker 15: Have a question about cost basis while we're still on
Speaker 15: that topic.
Speaker 6: Oh, cost basis on real estate.
Speaker 15: Go ahead, So I live in an HOA that's about
Speaker 15: to collect a huge special assessment for improvements like upgrading carpeting,
Speaker 15: putting in.
Speaker 6: Nicer light fixtures. You know what, I just got socked
Speaker 6: with one here.
Speaker 1: It's like fourteen one thousand bucks.
Speaker 15: Dude, So can I add now it's not for repairs,
Speaker 15: it's for upgrades, can I?
Speaker 2: Yeah?
Speaker 5: That's my cost basis absolutely, really the entire thing. Now,
Speaker 5: if it's normal maintenance, you can, but you can if
Speaker 5: it's like a parking lot or painting or absolutely new carpets.
Speaker 1: Absolutely for the lobby.
Speaker 6: Yes, absolutely, is it really?
Speaker 1: Is it a hundred added to my Yes?
Speaker 5: I mean because now if it's not all for that,
Speaker 5: if they say it's part for insurance, and you have
Speaker 5: to figure out what part of it, this is stricting.
Speaker 5: In fact, I'd go so far is to be a
Speaker 5: little more aggressive, and I would say this, not only
Speaker 5: was that assessment my portion of that upgrade, but part
Speaker 5: of my regular monthly h OA went to the surplus
Speaker 5: that paid for that.
Speaker 1: Which it does every month apart, I'm kind of a fund.
Speaker 5: That's right, and to the extent that fund is used,
Speaker 5: it gets added prota to your basis. Now to figure
Speaker 5: it out as difficult, but it's totally doable. In other words,
Speaker 5: let's say people that you have an HUA fee and
Speaker 5: they're going to do upgrades. As Deputy d just said,
Speaker 5: now on these upgrades, you know what your assessment is.
Speaker 5: That's automatically added to your basis if it's all for upgrades,
Speaker 5: permanent upgrades now not for blowing leaves or cleaning. Okay,
Speaker 5: so now our roof is permanent upgrades. So now you
Speaker 5: have added to your basis. But they also say that
Speaker 5: is we're running short because we only had two hundred
Speaker 5: thousand in the account and we need more. So that
Speaker 5: two hundred what portion of that two hundred was yours?
Speaker 5: If you can figure it out for when you live
Speaker 5: there and how long they've been accumulating the surplus.
Speaker 6: That added to your basis, You never thought of that.
Speaker 5: No, it's the same exact expenditure if you make a
Speaker 5: monthly payment and it's for maintenance and stuff that doesn't
Speaker 5: get added, But if they're doing upgrades or capital improvements,
Speaker 5: that portion of your HOA payment does go to your basis.
Speaker 15: And what kind of a professional would I consult who
Speaker 15: would come up with this official spreadsheet that I can
Speaker 15: then defend used to defend my position.
Speaker 1: If the irs ever sticks their nose into.
Speaker 5: Well, yeah, but they're not stupid. You just do a spreadsheet.
Speaker 5: I mean, I mean, no one ever gives you a
Speaker 5: hard time if the numbers don't lie. I mean, if
Speaker 5: you tried to take every monthly payment you made for
Speaker 5: the HOA and say as part of my basis, it
Speaker 5: wouldn't work.
Speaker 6: But if you could show a certain portion of what.
Speaker 5: You made went toward these improvements, absolutely, even without an assessment,
Speaker 5: even if they told you, by the way, we're doing
Speaker 5: painting upgrades, this this and this and this and this,
Speaker 5: and you do not have to pain assessment. That portion
Speaker 5: of your improvement is part of your basis.
Speaker 1: That's amazing.
Speaker 6: That's three oh three seven. Say you didn't think about that?
Speaker 2: Did you?
Speaker 5: Hunt?
Speaker 6: And you thought you were in me? I think I
Speaker 6: think deep down he did.
Speaker 5: Hey, Gary the lazy boy. I'm not going to answer
Speaker 5: the whole thing now, but I want to get started.
Speaker 5: What's going on with it? Hey?
Speaker 8: Tom?
Speaker 18: Gary Hansen up with our PC in Loveland.
Speaker 5: Gary, I love you, Gary?
Speaker 6: What's going on?
Speaker 8: You know?
Speaker 18: I in July, my wife and I went bought a
Speaker 18: sectional Lazy Boy furniture in Loveland or Fort Collins. Okay,
Speaker 18: long story, Sure, we paid nearly twelve thousand dollars for
Speaker 18: these couches. They delivered the couch mid September. There was
Speaker 18: damage to the couch to the point where pieces have
Speaker 18: to be replaced. It wasn't but together to where it
Speaker 18: functioned like it should. Long story short, We sit here
Speaker 18: now middle of December and still don't have a functioning
Speaker 18: couch in our house.
Speaker 5: They now, did you notice the damage before it? Did
Speaker 5: you notice the damage Gary before they dropped it? Or
Speaker 5: and they took it back right away? Or did it
Speaker 5: take a few weeks or whatever?
Speaker 18: No, they were contacted the next day after we had
Speaker 18: a chance to look at it and told that it
Speaker 18: wasn't okay, got it, except it wasn't acceptable, and we
Speaker 18: filed We filed a a case.
Speaker 5: With them, and they they did not dispute it. They
Speaker 5: did not dispute it right.
Speaker 14: No.
Speaker 18: In fact, they had a guy come to our home
Speaker 18: a week or two later and looked at it and
Speaker 18: inspected it, and he ordered one completely the corner piece,
Speaker 18: the rounded corner piece. They ordered a whole new section
Speaker 18: there because that one was damaged bad enough that he
Speaker 18: just said it would cost them more to to repair
Speaker 18: it than to get.
Speaker 5: Did they take the whole thing? Backers is to Did
Speaker 5: they take the whole thing? Backers is still in your home?
Speaker 18: I was still sitting in my home all right now.
Speaker 5: Hang on, We'll come right back on Tom Martin. Hang on, Garrey,
Speaker 5: I come right back to you on Tom Martino. More
Speaker 5: coming up. Go with a sure thing Denver's best roofer
Speaker 5: Excel Roofing dot com. You don't pay a cent until
Speaker 5: you're content. Time for an insurance check up free, no obligation.
Speaker 5: In comparison, call Compass Insurance paying too much your coverage
Speaker 5: at dozens of insurance companies find out now three oh
Speaker 5: three seven seven to one help. You'll think you're his
Speaker 5: only customer when you choose Frank durand the real estate
Speaker 5: Man dot com to list your home with Remax Alliance
Speaker 5: three oh three nine two zero sixteen twenty two. Hey
Speaker 5: Tom Martino here three O three seven on three talks
Speaker 5: seven one three, eight two five five. All right, so
Speaker 5: we're talking to Gary about the lazy boy. We're gonna
Speaker 5: get somebody to help you. But here's the bottom line.
Speaker 5: Let me recap. It was delivered. You notice damage. You
Speaker 5: told them about it. They said they would get it fixed.
Speaker 5: Bottom line, it hasn't been fixed. And it's been since
Speaker 5: September and now it's December, right, three months.
Speaker 18: Yes, the couch was ordered in July, they delivered it,
Speaker 18: got it Miptember, mid Deptember.
Speaker 2: Yeah.
Speaker 5: Now when you say that it doesn't have this is
Speaker 5: what I don't understand this part. It doesn't function properly.
Speaker 5: What does that mean?
Speaker 18: When you're sitting the one recliner on the with the
Speaker 18: left arm rest and lean back and then you it's crooked.
Speaker 18: It's something in there's loosen, doesn't It doesn't functions?
Speaker 5: Show Now when you call when when's the last time?
Speaker 5: When's the last time Gary you called and asked him
Speaker 5: about it?
Speaker 18: Oh, we've my wife is came indicated with them Tom
Speaker 18: probably with five or six emails and phone calls, and
Speaker 18: we've had people in our home a couple of times
Speaker 18: looking at it. The last communication we had was probably
Speaker 18: mid November where they said, Park, what's what's carry?
Speaker 1: Did you pay for this with a credit card?
Speaker 7: Oh?
Speaker 1: Yes, you know, if you file a dispute, that will
Speaker 1: get their attention.
Speaker 2: I can.
Speaker 15: Oh, they want I mean it sounds like a couple
Speaker 15: of thousand bucks of couches, so they want that money.
Speaker 5: It's twelve thousand, twelve thousand filed the dispute ODIT card company. Gary,
Speaker 5: What what twelve thousand? What was it a couch?
Speaker 6: It was a sectional?
Speaker 18: You said, yeah, both square around the corner and fits
Speaker 18: in our in our TV room.
Speaker 5: And it's you know, and what really sucks is Christmas
Speaker 5: is coming up right, and you want it, you know,
Speaker 5: no doubt want it. Yeah, I don't blame you. Gary. Listen,
Speaker 5: we're gonna have a deputy dollar he volunteered to call
Speaker 5: over there. I think we need we really do need
Speaker 5: to light a fire on this one.
Speaker 6: We just need to hold on get Yeah.
Speaker 8: Yeah, Tom, you know I'm not free lower.
Speaker 18: And I certainly pay for what I do. Yah, gosh,
Speaker 18: what point do I say? Come get the bancounts. I'm
Speaker 18: tired of fighting this. My wife gets heart sick every
Speaker 18: time she walks by it.
Speaker 5: I think, I think you're something. I think you're I
Speaker 5: think you'd be uh, you'd be reasonable to do it now. Yeah,
Speaker 5: except if they truly did order something new. Remember you
Speaker 5: ordered it in July and it took three months to
Speaker 5: get there, so it's possible that it takes another three months. Well,
Speaker 5: it has been three months, so let's let Dollar look
Speaker 5: into it and then we'll advise you accordingly. All right, three,
Speaker 5: all three seven? One, Thank you, Gary. We'll be in
Speaker 5: touch man. And that's Gary from ourpacecenter dot com retirement
Speaker 5: planning center of the Rockies. We do a lot of
Speaker 5: business for them and Mark. You have a comment on Paris.
Speaker 5: Somebody wanted to know they're on para. They want to
Speaker 5: know of their husband or their husband. Let's see, I
Speaker 5: think their husband did die suddenly and they said they
Speaker 5: did not fifteen years And when my husband died, I
Speaker 5: was not given any of his Social Security except for
Speaker 5: a one time payment. Why is that?
Speaker 6: If she was on para.
Speaker 14: Para has three options when you retire. One is you
Speaker 14: can take your full amount of your retirement for yourself
Speaker 14: and when you die, that's it. Para is over. Okay,
Speaker 14: you could take option two, where you say I will
Speaker 14: take less money now on a monthly basis, but when
Speaker 14: I die, my spouse will get X amount of money
Speaker 14: for a certain period of time and then that part's
Speaker 14: did okay? And then and then option three is like
Speaker 14: I will take even less, but when I die, my
Speaker 14: wife will continue or my spouse will continue to get
Speaker 14: my share until my death or her death.
Speaker 5: Okay, I understand now, I'm not sure what your expertise is,
Speaker 5: but that's all good.
Speaker 6: Thank you for clarifying that.
Speaker 14: Now, what yeah, go ahead, I'm a PARA retiree.
Speaker 5: Okay, what would happen? What would happen though? If if
Speaker 5: a woman is on PARA or not on well, yeah,
Speaker 5: she's she works and uh okay, and then her husband dies,
Speaker 5: what happens to that social Security does she get? She's
Speaker 5: saying she did not get a survivor's benefit, right, so, uh.
Speaker 14: I'm not real sure about that. One thing is with
Speaker 14: if you're on PARA, you get a very minimal amount
Speaker 14: of your Social Security no matter how much you've earned.
Speaker 14: So another where I would be eligible for about seven
Speaker 14: hundred dollars a month in Social Security, but Social Security
Speaker 14: won't give it to me because I have a pension,
Speaker 14: and they say it's a big windfall tax because we're
Speaker 14: such billionaires in education.
Speaker 5: I don't get it.
Speaker 14: I don't either, But what it is is, so I'm
Speaker 14: eligible for seven hundred dollars a month from Social Security
Speaker 14: from the time before I was a school psychologist, and
Speaker 14: then I get it after one and so the government says, well,
Speaker 14: since you get a pension, you don't get your Social Security.
Speaker 14: You'll get like one hundred dollars a month. So maybe
Speaker 14: it has something. Maybe it has something to do with that,
Speaker 14: because he probably wasn't pulling very much on his Social Security.
Speaker 14: They probably gave her a flat amount that I don't know.
Speaker 14: I'm guessing there.
Speaker 6: Here's what it says on the site.
Speaker 5: Since you worked fifteen years under PARA, it's likely that
Speaker 5: you did not pay Social Security taxes during that time,
Speaker 5: so you are exempt from Social Security. This means that
Speaker 5: any survivor benefits you may receive from your husband's could
Speaker 5: be impacted.
Speaker 6: So basically they're saying you.
Speaker 5: Have to yourself be eligible for Social Security before you
Speaker 5: get any survivor's benefits.
Speaker 14: Sure, so he either did not work enough hours or
Speaker 14: quarters or however they figured out for social to receive
Speaker 14: Social Security.
Speaker 6: I gotta take this break. I'm sorry, I'm really sorry.
Speaker 6: I ran behind. We got more coming right up.
Speaker 5: Go with a sure thing Denver's Best Room for Excel
Speaker 5: Roofing dot com. You don't pay a cent until you're content.
Speaker 5: Time for an insurance check up free, no obligation. In comparison,
Speaker 5: call Compass Insurance paying too much your coverage at dozens
Speaker 5: of insurance companies find out now three all three seven
Speaker 5: to seven to one. Help. You'll think you're his only
Speaker 5: customer when you choose Frank durand the real estate Man
Speaker 5: dot com to list your home with Remax Alliance three
Speaker 5: all three nine two zero sixteen twenty two. Hi, Tom Martino,
Speaker 5: you're troubleshooter three all three seven one three talks seven
Speaker 5: one three eight two five five. We got more coming
Speaker 5: up on the Troubleshooter Show. Joe Canno in closing out
Speaker 5: this hour, Certified Financial Planner fin fixed indextinuities. Joe, When
Speaker 5: are annuities that produce income and guarantees most appropriate? Do
Speaker 5: you believe?
Speaker 8: Well, you know that depends on the cloud. And again, Tom,
Speaker 8: you know, I believe that the older the client gets,
Speaker 8: or they get nearing retirement annuity has become a fantastic
Speaker 8: asset to have because of the guarantees that annuities provide.
Speaker 8: So somebody that is concerned about having a guaranteed income,
Speaker 8: you see, there's a big difference between building an account.
Speaker 5: No, I get it, I get it, and having an
Speaker 5: income for the rest of our lives.
Speaker 8: And you know, just like Social Security, Tom, we're drawing it.
Speaker 8: You know, we get to paycheck every single day into
Speaker 8: the mailbox or the bank account. You have an annuity,
Speaker 8: you have another guarantee payment coming in. People want income,
Speaker 8: So I believe the annuities become tremendously informant for people
Speaker 8: nearing the environment.
Speaker 5: My Money, Myway dot com. We got more coming up
Speaker 5: on the Troubleshooter Show. Go with a Sure Thing, Denvers,
Speaker 5: Rufer Excel Roofing dot com.
Speaker 12: You don't pay a cent until you're content.
Speaker 5: Time for an insurance check up free no obligation comparison
Speaker 5: call Compass Insurance, pay too much your coverage at dozens
Speaker 5: of insurance companies find out now three oh three, seven
Speaker 5: seven to one help. You'll think you're his only customer
Speaker 5: when you choose Frank durand the Real Estate Man dot
Speaker 5: com to list your home with Remax Alliance three oh
Speaker 5: three nine two zero sixteen twenty two.
Speaker 3: Ript you needed, that's who you don't have?
Speaker 2: Run anxious as fast as we can.
Speaker 3: Shooter's gonna help.
Speaker 5: Come Dix is the Troubleshooter Show. Now, Tom Martino, Hi,
Speaker 5: Tom Martino here, and I welcome you to the show.
Speaker 5: Let's talk. Let's wind up this week, going into Christmas
Speaker 5: Week and then into New Year's Week and then into
Speaker 5: blah January twenty twenty.
Speaker 6: Five, in the year twenty five, twenty five?
Speaker 5: Wait, wait, wait, that wasn't the song, was it in
Speaker 5: the year twenty five?
Speaker 6: She wasn't talking about just next year?
Speaker 5: Right? Do I have the words wrong? People? Come on, Dragon,
Speaker 5: help me out here.
Speaker 19: Share there's many digulous No no, no, no, further and further.
Speaker 5: That wasn't share. No, no, no, no, no, no no oh. Oh. Anyway,
Speaker 5: you know what I remember the World's Fair telling me
Speaker 5: that in twenty five, in twenty twenty five, we'd be
Speaker 5: all flying around in little hovercrafts. Now, obviously drones have
Speaker 5: come a long way, but we're not quite there yet.
Speaker 5: Do you remember, No, twenty five twenty five, that's what
Speaker 5: it was. Twenty five twenty five, in the year twenty
Speaker 5: five to twenty not in the year twenty twenty five.
Speaker 5: But I'd rather be in the year twenty twenty five.
Speaker 5: If man is to aive. No, let's uh, what would
Speaker 5: the lyrics be for twenty twenty five, in the year
Speaker 5: twenty twenty five where the woke did not survive? Okay?
Speaker 5: Is he like that? One?
Speaker 2: No?
Speaker 5: Okay? Three oh three seven one three?
Speaker 2: Talk?
Speaker 5: Give us a call, tell us what's on your mind.
Speaker 5: I have Joe Kannah with me, and he is a
Speaker 5: certified financial plan Jordan Now, okay, Jordan, Now, I'm gonna
Speaker 5: I'm gonna talk here, and I want people to know something.
Speaker 6: My desire and obligation.
Speaker 5: In the financial world, truly, I'm honest to God now
Speaker 5: is to be transparent, honest, forthright and helpful really really,
Speaker 5: really really you can't survive without it. That's what Jordan
Speaker 5: and his father are are. That's what Retirement Planning Center
Speaker 5: of the Rockies, That's what everyone we deal with, VISTERA Investments,
Speaker 5: VISTERA Turnkey Barry Miller.
Speaker 6: And people have been asking me.
Speaker 5: Tom, basically, you know you do Wave eight financial management.
Speaker 5: I've had these texts that I haven't read necessarily. Some
Speaker 5: of them are too complicated. But this one says, you know,
Speaker 5: you talk about investing and investment management and Joe talks
Speaker 5: about getting away from the stock market and having the
Speaker 5: security of the fixed indexed annuity. That's true, and there's
Speaker 5: room for both strategies.
Speaker 6: It depends.
Speaker 5: I've said this before with investing, there are a number
Speaker 5: of factors you look. You look for Jordan, you can
Speaker 5: chime in. One is, first of all, the eyes of
Speaker 5: your portfolio. Correct the smaller your age, the smaller your porfo,
Speaker 5: the smaller your portfolio, the less diversity you should have,
Speaker 5: and the more security okay, or say more conservation conservative
Speaker 5: doesn't mean it has to be one. But so what
Speaker 5: I'm saying is this, with a small portfolio, and I'd
Speaker 5: say a small portfolio.
Speaker 6: Is fifty thousand or smaller, would you say.
Speaker 4: Yeah, I would say that's an appropriate number. And same
Speaker 4: with kind of chiming in on that part. I think
Speaker 4: age is a big factor to exactly who you're bringing
Speaker 4: up as well. You know also where you're atting so
Speaker 4: for anybody who's in those ages, so you're forty and.
Speaker 5: Unders, so with a small portfolio fifty grand or less,
Speaker 5: do not diversify.
Speaker 6: You find something very safe.
Speaker 5: You can do government bonds, corporate bonds, you can do
Speaker 5: different things.
Speaker 6: That s and P five hundred fund.
Speaker 5: Now I'm assuming when I say fifty thousand dollars portfolio,
Speaker 5: that's not fifty thousand dollars of your total money.
Speaker 6: Okay, let me explain this.
Speaker 5: A portfolio for investing should be above and beyond an
Speaker 5: emergency fund, above and beyond it, and only after you
Speaker 5: pay off high interest debt. Having high interest debt and
Speaker 5: investing is stupid. It eats away at your investment. High
Speaker 5: interest debt. Do away with it.
Speaker 6: First, get an emergency fund.
Speaker 5: Then, if you have fifty thousand or less, you have
Speaker 5: a small portfolio by today's standards.
Speaker 6: And I don't mean that as an insult.
Speaker 5: There should be no diversity, and your concentration should be
Speaker 5: on security and liquidity, not an annuity. Not if that's
Speaker 5: what you have Younger, As you get older, you want
Speaker 5: to grow that, and then you want to think with
Speaker 5: your time horizon. You want to start as you get older,
Speaker 5: you want to start converting the equity products you have
Speaker 5: that grow into income products that sustain, so you have
Speaker 5: the growth phase and the sustenance phase. And obviously, when
Speaker 5: you're working, that's all sustenance, that's income, and you convert
Speaker 5: some of that to equity.
Speaker 6: As you get older, that equity's got to.
Speaker 5: Turn back to income, and as you get older, security
Speaker 5: becomes more important.
Speaker 6: So I think we can all agree on that.
Speaker 5: So in my opinion, we gave an example of a baby,
Speaker 5: a grandparent, grandparents buying a baby a ten thousand dollars annuity,
Speaker 5: and what they would have at age fifty six stands
Speaker 5: sixty five, and the numbers indicated, you know, like one
Speaker 5: hundred grand or one hundred and fifty and then three
Speaker 5: hundred and then four hundred. Now those numbers for straight
Speaker 5: investing are dismal for somebody to do that with a baby.
Speaker 5: It would not be appropriate, that's my opinion, absolutely not
Speaker 5: be appropriate if.
Speaker 12: You took that same amount of money and in real life.
Speaker 5: Now I'm not talking about theoretically sixty years ago, fifty
Speaker 5: years ago, sixty five years ago.
Speaker 6: Just the same exact numbers.
Speaker 5: Had you put ten grand in a straight indexed fund,
Speaker 5: five ten thousand dollars when the baby sixty five years ago,
Speaker 5: the baby's now sixty five or fifty years ago, the
Speaker 5: baby's now fifty or or you know whatever, the same scenario.
Speaker 5: I'm going to give you the numbers. That's why I
Speaker 5: say there's an appropriate time for fixing index annuities, then
Speaker 5: there's definitely not an appropriate time for fixed indexed annuities.
Speaker 5: So I think what Joe and Jordan talk about a
Speaker 5: lot is if you've accumulated a nest egg, all well
Speaker 5: and good, now secure it into income. And that's a
Speaker 5: great idea, by the way, not a bad idea at all.
Speaker 5: But let's talk about the ten thousand dollars as a baby.
Speaker 5: So the baby's a baby, grandparents want to do ten
Speaker 5: thousand and when they did it in the annuity. Do
Speaker 5: you have those figures still there that your dad did Jordan.
Speaker 4: You know, let me pull them up here, give me
Speaker 4: one second, but I'm looking at them right down here.
Speaker 5: Sure, I just want, like I said, I love I
Speaker 5: love educating people.
Speaker 6: I really do, by the way, it's a great thing.
Speaker 5: And so basically, the ten thousand dollars in a straight
Speaker 5: S and P indexed fund fifty sixty and sixty five
Speaker 5: years ago, and Joe's talking about fifty sixty and sixty
Speaker 5: five years from now, to be fair, but it's gonna
Speaker 5: be relatively the same in any case.
Speaker 6: The numbers on an annuity as a baby, do you
Speaker 6: have it.
Speaker 18: All?
Speaker 8: Right?
Speaker 4: The argitia ran right now here, So that's do you
Speaker 4: want to just a baby as a one year old?
Speaker 5: Yeah? Or yeah or zero whatever?
Speaker 6: And then it goes up to fifty, sixty and sixty five.
Speaker 5: I'm sorry. I thought you still had the numbers your
Speaker 5: dad had. I wanted to compare them. Okay, I'm gonna
Speaker 5: let you run that. I'm gonna hold on now. I'll
Speaker 5: come back to you three or three seven one three
Speaker 5: talk seven one three or two five. I want to
Speaker 5: just comparisons to real life scenarios and why I talk
Speaker 5: about appropriateness of investments, of when, where, and nothing. Remember
Speaker 5: I said this, nothing is as bad, nothing is as
Speaker 5: good as people say. What's there is there, and what
Speaker 5: you deal with is the reality of it. There's no magic.
Speaker 6: I'm Tom Martinez. We have more coming up.
Speaker 5: Any of your questions, problems, complaints and he follow ups.
Speaker 5: Hit me with the follow ups, guys, and we'll talk
Speaker 5: about this and more coming up on the Troubleshooter Show
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Speaker 5: Time for an insurance checkup free no obligation comparison call
Speaker 5: Compass Insurance Paying too much your coverage at dozens of
Speaker 5: insurance companies find out now three all three seven to
Speaker 5: seven to one help. You'll think you're his only customer
Speaker 5: when you choose Frank durand the real estate Man dot
Speaker 5: com to list your home with Remax Alliance three all
Speaker 5: three nine two zero sixteen twenty two. I'm Tom Martino,
Speaker 5: your trobleshooter. Okay, so we were talking about appropriateness of
Speaker 5: investments and when to do what, And I say there's
Speaker 5: time to do a little bit of everything, including real
Speaker 5: estate depending on your time horizon, fixed indextinuities depending on
Speaker 5: your time horizon, and stocks and bonds depending on your
Speaker 5: time horizon. The one thing that I think is a
Speaker 5: little more dangerous but not bad, are variable annuities.
Speaker 6: A lot of people give those a bad name.
Speaker 5: They're, in my opinion, only for sophisticated investors. The variable time.
Speaker 5: That's it.
Speaker 6: And I'm not going to talk about those right now.
Speaker 5: But I asked the question, if you had a baby
Speaker 5: year zero, just before they turn whatever, you know, they're
Speaker 5: just born, you take out this annuity, and what would
Speaker 5: the baby have at fifty years, sixty years, and sixty
Speaker 5: five years. So we ran those numbers before and I
Speaker 5: want to recap them. So at fifty, sixty and sixty
Speaker 5: five years, if you put it away ten thousand dollars,
Speaker 5: what would you have.
Speaker 4: Yeah, so talking about fifty, you'd have just leaving it
Speaker 4: as it would be about two hundred thousand dollars at
Speaker 4: age fifty, at age sixty.
Speaker 5: And it would have hold on and it would have
Speaker 5: and it would have income.
Speaker 4: Of how much income of right around sixty seven hundred.
Speaker 4: And this is not laddering anything out.
Speaker 8: This is just a straight shot when.
Speaker 6: You say, okay, but this is sixty seven hundred.
Speaker 5: A year. Okay, so yeah, I just want to tell
Speaker 5: people again, this is not a trick. This is being
Speaker 5: totally transparent. And there's a reason I'm saying this. If
Speaker 5: you did the same exact thing fifty years ago with
Speaker 5: an S and P five hundred fund and you put
Speaker 5: ten grand in it, with actual numbers from the past
Speaker 5: fifty years, you would have one million, one hundred seventy
Speaker 5: three thousand, nine hundred dollars. You would have.
Speaker 6: Almost one point eight million dollars.
Speaker 5: So what would be the appropriate investment for a baby
Speaker 5: that long ago or for a now?
Speaker 6: It would not be an annuity. Okay, that's easy.
Speaker 5: So here's the deal at sixty years, Jordan, there's a
Speaker 5: reason I'm saying this, and the theory and what your
Speaker 5: dad talks about conversion go ahead at sixty years. What
Speaker 5: would you have.
Speaker 4: Now at sixty This is where you know we're starting
Speaker 4: to pick up some more speed, you know here obviously again,
Speaker 4: and I'll kind of circle back with the lattering maybe
Speaker 4: if he will Tom as well, just could I ran.
Speaker 6: Bone no, no, go ahead? I want you to go
Speaker 6: ahead at sixty years what.
Speaker 5: Would you have?
Speaker 4: Yes, so sixty years old, you know the idea is
Speaker 4: for somebody like that, then you take it and get
Speaker 4: that bone out.
Speaker 6: How much would how much would the account be?
Speaker 5: Jordan?
Speaker 4: So at that point you're looking at right around three
Speaker 4: hundred and eighty two thousand or in the uh what
Speaker 4: we like to call and you know this, we'll be
Speaker 4: closer about six hundred and sixty six six and sixty
Speaker 4: nine thousand on the income bay side, and that's where
Speaker 4: it's going to be hanging out the income which that
Speaker 4: comes out to about thirty K year at age sixty
Speaker 4: six hundred and sixty nine thousand guaranteed.
Speaker 5: So the account value at ten thousand grows to six
Speaker 5: hundred and sixty something.
Speaker 8: That's correct.
Speaker 4: If you look at the account value at three again,
Speaker 4: this is where you want to start laddering out moving it.
Speaker 4: This is what we strategize in and if you have
Speaker 4: that on the income bay side, which these at that
Speaker 4: point would be an appropriate thing.
Speaker 5: What are you talking about? What are you talking about? Laddering?
Speaker 6: I don't I don't understand what do you mean laddering?
Speaker 4: The laddering basically just means that for somebody who start
Speaker 4: at that young age of zero or one or so
Speaker 4: many years, Yes, the ideas one of them pull it
Speaker 4: over or put into another.
Speaker 6: Oh, to another, to another, to another annuity.
Speaker 4: Correct, correct, because then you would just okay, thing fixed,
Speaker 4: indexed and ladder them just like a step of the ladder.
Speaker 5: Okay, okay, good, good, okay. So if you laddered annuities,
Speaker 5: you could be at sixty, you could be up to
Speaker 5: six hundred thousand, six hundred almost seven.
Speaker 4: You have six hundred and seventy and that'd be let's.
Speaker 5: Say seven hundred thousand. Let's say let's say seven hundred
Speaker 5: thousand with with thirty grand a year income.
Speaker 6: Is that right?
Speaker 8: That's correct?
Speaker 5: Okay, So laddering is important, which means you don't just
Speaker 5: leave it, but you take it out and redo it,
Speaker 5: take it out and redo it each time, possibly getting
Speaker 5: a benefit, a bonus whatever.
Speaker 4: Right, Correct, you got you got the great idea of that. Yep,
Speaker 4: And now would you like to add with a seventy
Speaker 4: one of the next step up?
Speaker 5: Now, hold on, hold on, So with an S and
Speaker 5: P fund not touching it, at sixty, you would have
Speaker 5: three million, fifty thousand, and uh, okay, So now let's
Speaker 5: go to sixty five years. Still the S and P
Speaker 5: would far outweigh even laddering.
Speaker 6: Go ahead, what's the next one.
Speaker 4: You're right about one million on that at sixty five,
Speaker 4: and again that's assuming that ten thousand. Nothing else add it,
Speaker 4: but sixty five getting about fifty k a year in
Speaker 4: that example there, that's good.
Speaker 6: And now that's laddering right at sixty five.
Speaker 4: That's correct. That's assuming that we just took that from
Speaker 4: fifty Yeah, basically lighted it up. You got it. So
Speaker 4: you're your.
Speaker 6: Kid good here, So you'd be at how much a million?
Speaker 4: A million? Correct, yep, which is about fifty k year?
Speaker 5: Okay, with an S and P fund, if you did
Speaker 5: it and left it alone, you'd have five million, four
Speaker 5: hundred thousand.
Speaker 6: So at five million, four thirty.
Speaker 5: Eight and that's at sixty five years old. And I'm
Speaker 5: taking that, and then let's say at sixty five and
Speaker 5: then do you do the income to age one hundred?
Speaker 5: Basically correct?
Speaker 4: You got it. Yeah, that's just showing up to one hundred.
Speaker 5: So let's divide that by thirty five years. That would
Speaker 5: give you an income every year with the S and
Speaker 5: P of one hundred and fifty three hundred and eighty dollars.
Speaker 5: If you just drew it down and did nothing else,
Speaker 5: you get one hundred and fifty five thousand dollars a
Speaker 5: year as opposed to an annuity. Now, why am I
Speaker 5: saying all this? Is it because I'm saying annuities are bad? No,
Speaker 5: I'm not. I'm not saying that at all. In fact,
Speaker 5: I'm saying just the opposite. Here's what I'm saying. Joe
Speaker 5: preaches that if you've built up a nest egg, there's
Speaker 5: nothing wrong with building up a nest egg. No one
Speaker 5: who's really young should worry about annuities. What they really
Speaker 5: should do is if they've built up a nest egg
Speaker 5: and want to secure it one hundred percent. Because remember
Speaker 5: the S and B Fund, we're going off past history.
Speaker 6: It never stays that it could be crash, it could
Speaker 6: be You know.
Speaker 5: What I'm saying is this, if you have a nest
Speaker 5: egg in a four oh one k an essay, an
Speaker 5: IRA or a retirement account, then you convert.
Speaker 6: What's the benefit there?
Speaker 2: Go?
Speaker 6: As you get older, Jordan, that's going to be it keeps.
Speaker 4: On stepping up each year. But you're looking at which age.
Speaker 4: You're saying sixty five.
Speaker 2: No.
Speaker 5: No, what I'm saying is is when you do that,
Speaker 5: you've locked it in and will never lose the time.
Speaker 1: Correct.
Speaker 4: Okay, that's huge saying yeah, so with the benefit, I
Speaker 4: mean you you're basically just preserving it. You're making sure
Speaker 4: that it can't step backwards. Now, I just want to
Speaker 4: say one nope, effort again, these these ever and these
Speaker 4: numbers are sharing are current, you know, last twenty years
Speaker 4: figures from twenty twenty three.
Speaker 6: No, I know, I know that, I know that.
Speaker 4: Yeah, okay, yeah, on the market return because yeah, less
Speaker 4: But to your point, you get that for preservation here,
Speaker 4: and you also have some long term care built into there,
Speaker 4: which is that doubler means.
Speaker 6: Yeah, that's true.
Speaker 4: You and you're having a two times now.
Speaker 5: Now here's something that I want to bring out that
Speaker 5: is very important. When I talk about funds, I don't
Speaker 5: know one investor in the world that did a stock
Speaker 5: fund and just left it alone. Where people get into
Speaker 5: trouble and again this is another thing that your dad
Speaker 5: and I talk about where people get into trouble, and
Speaker 5: it happens ninety nine percent of the time. Financial advisors
Speaker 5: in order to try to prove their value. They end
Speaker 5: up moving people back and forth and all around trying
Speaker 5: to catch the gains and avoid the losses. And if
Speaker 5: you take a fund like that and a regular advisement fund,
Speaker 5: you very seldom will have that growth at all, and
Speaker 5: in fact could lose big time. And that's unfortunately, what
Speaker 5: ninety nine percent of the market does. They I mean
Speaker 5: over time, I mean they gain, they lose, They gain,
Speaker 5: they lose. So you know, it's easier said than done,
Speaker 5: is what I'm saying. So I just believe there's a
Speaker 5: time and a place for all investments, including.
Speaker 6: For example, real estate.
Speaker 5: But you know, Jordan, as much as I love real estate,
Speaker 5: there's a time you shouldn't be in real estate. There's
Speaker 5: a time you should be in real estate. And the
Speaker 5: way I look at it is this real estate in
Speaker 5: the early stages of your life and mid stages have
Speaker 5: tremendous appreciation. And the longer you keep it, however, the
Speaker 5: more you catch up with possible capital expenses that you're
Speaker 5: going to have to put into it. That's why Barry
Speaker 5: Miller over at Vestera Turnkey recommends a three year horizon
Speaker 5: for each rental.
Speaker 6: Now that doesn't mean you have to do that.
Speaker 5: There are a lot of people in Denvers listening to
Speaker 5: me right now that have had rentals for twenty or
Speaker 5: thirty years.
Speaker 6: And if you have, they're fully depreciated.
Speaker 5: You're getting income, but it's the worst income you could do.
Speaker 5: It would be better. Your appreciation is almost topped out.
Speaker 5: Oh yeah, it'll go up a little, but it won't
Speaker 5: keep pace. So if you take an old er rental
Speaker 5: you've had, I talked to somebody who had thirty years
Speaker 5: they at a rental. I said, it's fully depreciated years
Speaker 5: and years ago. So the tax benefits are less. You're
Speaker 5: getting income it's paid for, but you also have eventual
Speaker 5: capital expenses you absolutely cannot avoid.
Speaker 6: And then they say, but it makes me income.
Speaker 5: Do you realize you can sell that real estate at
Speaker 5: its peak, capture that gain and put it into.
Speaker 6: Even after paying tax.
Speaker 5: You can put it into an income producing annuity or
Speaker 5: even bonds and make income now without the threat of
Speaker 5: capital improvements or any kind of real estate risk. Now,
Speaker 5: what I'm saying is that is when you convert as
Speaker 5: you get older. The mistake people make, I think Jordan,
Speaker 5: they do one investment and it's they hold on to
Speaker 5: it for life, and they never think about converting it
Speaker 5: to safety. That's the problem.
Speaker 4: True. And they trust, as you mentioned earlier, the advisors.
Speaker 4: You know, they trust that the advisors are watching open their accounts.
Speaker 4: But a lot of times those rings companies they're not.
Speaker 4: They don't, they don't.
Speaker 6: Or there or they're churning. Now.
Speaker 5: The thing that and that's what Joe and Jordan emphasize,
Speaker 5: is the time horizon to start choosing safety or income.
Speaker 5: We got more coming up on The Troubleshooter Show three
Speaker 5: all three seven one three talks seven one three A
Speaker 5: two five five. Go with a sure thing Denver's best
Speaker 5: roofer Excel Roofing dot com. You don't pay a cent
Speaker 5: until you're content. Time for an insurance check up free,
Speaker 5: no obligation. In comparison, call company insurance paying too much
Speaker 5: your coverage at dozens of insurance companies find out now
Speaker 5: three all three seven seven to one help. You'll think
Speaker 5: you're his only customer when you choose Frank durand the
Speaker 5: Real estate Man dot com to list your home with
Speaker 5: Remax Alliance three all three nine two zero sixteen twenty two.
Speaker 5: Hi Tom Martino, your Troubleshooter three O three seven one
Speaker 5: three talks seven one three, eight, two, five, five eight
Speaker 5: eight eight Heating dot Com don't forget gets your deep
Speaker 5: clean for just forty five bucks eight eight eight Heating
Speaker 5: dot Com Great people as well. Now we're taking your calls, questions, problems,
Speaker 5: complaints about anything. And one thing I've been talking about
Speaker 5: are the drones. And I would like to know if
Speaker 5: anyone has a theory on the rones, any kind of
Speaker 5: theory at all. So I want to ask Dragon, do
Speaker 5: you have a theory? You've been you must have been
Speaker 5: talking about them from time time. You have a theory
Speaker 5: on them? Dragon, just come on, man.
Speaker 19: I think of it as like the tide pod thing.
Speaker 19: Maybe it was, you know, a half a dozen people
Speaker 19: just having some fun night trying to see what's what,
Speaker 19: and then now that it's hit, So really you.
Speaker 5: Do think it's coincidental. It's basically coincidental.
Speaker 19: Yeah, and more people are hearing about it, so it's like, oh,
Speaker 19: I've got a drone, let me put mine up too
Speaker 19: and see what's what's going on?
Speaker 5: What is everybody doing?
Speaker 19: So I don't I don't think it's that big of
Speaker 19: a deal as it is presented to be.
Speaker 1: I don't know.
Speaker 17: I think These drones are all launched by the government.
Speaker 17: These aren't toys. Some of these drones are about the
Speaker 17: size of a Volkswagen.
Speaker 19: Ninety percent of the lights that people are seeing, if
Speaker 19: they're saying, is oh, those are just planes. So what
Speaker 19: the light in the sky that you're seeing? Can you
Speaker 19: personally identify that as being a drone or an actual plane?
Speaker 19: It's far too difficult. They're up there in the sky,
Speaker 19: little blinky lights.
Speaker 5: You know.
Speaker 1: There was a huge development in this matter.
Speaker 15: Yesterday A drone pilot in New Jersey reported that he
Speaker 15: approached one of these mystery drones with his own drone
Speaker 15: and because and I didn't know this, but because the
Speaker 15: both drones were in a restricted airspace, the pilot's drone
Speaker 15: immediately shut down. This is a defense mechanism that's commonly
Speaker 15: employed in.
Speaker 1: Respected air spaces. Yeah, you do.
Speaker 15: All drones apparently have the door that the government can
Speaker 15: access and shut them down.
Speaker 1: Are you sure that I help send you a link
Speaker 1: to this article.
Speaker 15: However, the significant part of this is the mystery drone
Speaker 15: continue to operate in these in this restricted airspace without
Speaker 15: getting shut down and landing. So that tells me everything
Speaker 15: I need to know about the origin and operator of
Speaker 15: the mystery drone.
Speaker 6: What does it tell you that they know who they are?
Speaker 15: They not only do they know who they are, they're
Speaker 15: not using their shutdown mechanism to defend the restricted airspace
Speaker 15: from the mystery drones.
Speaker 5: Okay, does anyone recall somebody is asking about a case
Speaker 5: about forty five hundred dollars amount dew from a Vanessa
Speaker 5: who moved out of an apartment. And I don't know
Speaker 5: who had this case, but yeah, some, there was just some.
Speaker 5: It was in Loveland.
Speaker 1: Oh yeah, that wasn't an apartment.
Speaker 15: Remember this young lady called because she and her at
Speaker 15: the time boyfriend purchased a dilapidated you know, not a
Speaker 15: motor home, but a mobile home and.
Speaker 1: They never made any payments. Oh many years.
Speaker 15: They finally got booted out and locked out and then
Speaker 15: they were charged and they were well, no, they from
Speaker 15: the from the park. Well, the park got a They
Speaker 15: still ow the park many thousands of dollars. But you
Speaker 15: may recall the owner of the park called us on
Speaker 15: the air. That's right, because you hoped he was hoping
Speaker 15: to get this dilapidated home moved away so he can
Speaker 15: re rent the live Okay, and she even offered the heat.
Speaker 15: The owner even offered to make Vanessa cash payment in
Speaker 15: exchange for a title. I communicated that to Vanessa. Never
Speaker 15: heard back from her.
Speaker 1: The park owner never heard back from her, So we
Speaker 1: don't know what happens.
Speaker 5: Okay. Now, Back in October, Empire Floors did a floor
Speaker 5: that sucked, and they said it was like gaps and
Speaker 5: warping and buckling. Again, I'm trying to find people who
Speaker 5: have as people are asking about some of these cases,
Speaker 5: and I've been putting him in a file and figured
Speaker 5: we would do them when we are all together and
Speaker 5: we have time. Does anyone recall that one? It was
Speaker 5: Empire Floors. Her name was Nancy.
Speaker 1: Oh, she was up in the mountain. You remember all
Speaker 1: of them high d That wasn't my case.
Speaker 15: I don't know who worked it, but she was up
Speaker 15: in the mountain and she had a double of a
Speaker 15: time getting a refund from this contractor do.
Speaker 6: Any of you guys remember that it was in October? Nancy.
Speaker 5: I'm looking for it, but in any what's okay? It
Speaker 5: could have been.
Speaker 6: If that's the case, then if that's the case, we'll never.
Speaker 5: Know about it. I'm just kidding. Did I say that
Speaker 5: out loud, black hole. Wait a minute, I didn't say
Speaker 5: that out loud, did I. I'm looking for it. I'm
Speaker 5: looking for it. Okay, well apparently, oh there it is. Okay,
Speaker 5: here it is. I found it and guess what it
Speaker 5: wasn't anyone. They finally fixed it. It did get the dinger.
Speaker 5: We had an expert opinion from Buddy Mitchell. This is
Speaker 5: what it was. They did LVP. It started buckling. They
Speaker 5: fixed it, but nounced buckling again, and then after our analysis,
Speaker 5: it was finally fixed.
Speaker 6: Right, so I can do away with that.
Speaker 5: When some people are asking about these you know, our
Speaker 5: show is like a soap opera.
Speaker 6: Man, people want to know about this stuff.
Speaker 5: If you want to know about a case, give us
Speaker 5: a call. I'm going through my old like I put
Speaker 5: them these emails asking about cases in a folder, and
Speaker 5: I thought, you know, someday, if I have some time,
Speaker 5: I'm going to read some of these. And then we
Speaker 5: have Sindy who wants to talk about Taba Waters in Denver,
Speaker 5: and we'll come to her right after this. Plus we
Speaker 5: have my moneymway dot com Jordan Piano. Right after this,
Speaker 5: go with a sure thing Denver's best roofer Excel Roofing
Speaker 5: dot com. You don't pay a cent until you're content.
Speaker 5: Time for an insurance checkup free, no obligation. In comparison,
Speaker 5: call Compass Insurance paying too much your coverage at dozens
Speaker 5: of insurance companies find out now three O three seven
Speaker 5: seven to one help. You'll think you're his only customer
Speaker 5: when you choose Frank durand the real estate Man dot
Speaker 5: com to list your home three Max Alliance three oh
Speaker 5: three nine two zero sixteen twenty two. Hi Tom Martino here, Cindy.
Speaker 6: What's going on with you?
Speaker 5: Cindy?
Speaker 7: Okay.
Speaker 20: So I've lived at Table Waters for about it almost
Speaker 20: two years. About a year and a half in we
Speaker 20: noticed that we were having water intrusion.
Speaker 6: So where's the water coming in?
Speaker 20: It's coming in through like our main living room wall.
Speaker 20: So it's coming through through our living rooms, like through
Speaker 20: the flying glass door. And whenever we're shampooing it up,
Speaker 20: we're shampooing almost twenty like containers of water up from
Speaker 20: the ground.
Speaker 5: Oh my god, wait a minute, wait a minute, you've
Speaker 5: been living there?
Speaker 6: Is this an apartment on the first.
Speaker 20: Floor or what first floor?
Speaker 5: And and this where is the water coming in? Is
Speaker 5: it near the like a glass door or near just
Speaker 5: randomly or what it's near.
Speaker 20: A sliding glass door. But it's like the entire wall
Speaker 20: from one side of the wall to the other, like
Speaker 20: to the other. So we've been living there in this
Speaker 20: and it's just been constantly coming in whenever it rains
Speaker 20: or anything.
Speaker 5: And so we've how do you know it's coming? How
Speaker 5: do you know it's coming through the walls?
Speaker 20: Because the wall is wet, Okay, so it's not coming
Speaker 20: up through the floor, got it. So it's coming somewhere
Speaker 20: somehow from the outside inn And it's usually when it's
Speaker 20: raining or like snowing, and it's the snow starts melting.
Speaker 20: So like after the last big snowstorm, we pulled about
Speaker 20: twenty containers of water up.
Speaker 10: So Da've like.
Speaker 20: Ten maintenance orders between the beginning and end. So we're
Speaker 20: moving out as of this week, we're moving out. The
Speaker 20: twentieth is our last day there. We have been complaining.
Speaker 20: They've revealed the concrete, they've done done drainage, but it
Speaker 20: took several months in between each complaint for them to
Speaker 20: do something right. Yeah, so one of the complaints took
Speaker 20: like six months before they actually like redd the drainage
Speaker 20: system next to our house.
Speaker 5: Well, so it did hold on, Did that solve the problem?
Speaker 20: No?
Speaker 2: None of it?
Speaker 20: Oh really So just so probably about October they decided
Speaker 20: they were going to We complained about mold. We were
Speaker 20: worried about mold issues. So they cut the wall open
Speaker 20: for our entire apartment. They leave the humidifier and bands
Speaker 20: on twenty four to seven for an entire week. I
Speaker 20: have small children, so at a certain point we were
Speaker 20: just We went and stayed at a hotel and we told them, hey, like,
Speaker 20: we can't live like this. This is torture because you're
Speaker 20: having us run these fans and this humidifier twenty four
Speaker 20: to seven, we're going to be gone for the weekend.
Speaker 20: We leave for the weekend. They're like, oh, yeah, we'll
Speaker 20: pay for part of your hotel. Well, we get the
Speaker 20: submit like whenever they submitted the information for our hotel.
Speaker 20: They tried to get us to sign an NBA and
Speaker 20: to never complain about it, and then they also tried
Speaker 20: to basically have us forfeit all claim for any damage
Speaker 20: prior or future for a Yeah it's it's.
Speaker 5: It's a waiver, got it? Yeah?
Speaker 20: Yeah?
Speaker 5: Okay, and you and you chose not to do it right. No,
Speaker 5: all right, hold on a second, let's continue this discussion.
Speaker 5: I need to know where it's going. I don't blame
Speaker 5: you for being concerned whatsoever. I'm Tom Martino. We'll come
Speaker 5: back to her and more on The Troubleshooter Show plus
Speaker 5: Jordan Kanno at My Moneymway dot com. Stick around, go
Speaker 5: with a sure thing Denver's best roofer Excel Roofing dot com.
Speaker 12: You don't pay a cent until you're content.
Speaker 5: Please time for an insurance check up free, no obligation
Speaker 5: in comparison, call Compass Insurance paying too much your coverage
Speaker 5: at dozens of insurance companies find out now three oh
Speaker 5: three seven seven one help. You'll think you're his only
Speaker 5: customer when you choose Frank durand the Real Estate Man
Speaker 5: dot com to list your home with Remax Alliance three
Speaker 5: oh three nine two zero sixteen twenty two.
Speaker 3: Yeah, ripped of news needs You don't have.
Speaker 2: Come run anxious stas as you can.
Speaker 3: Shooter's gonna help.
Speaker 4: Come man, This is the Troubleshooter Show.
Speaker 5: No Tom Martino, Hi, Tom Martino here three oh three
Speaker 5: seven one three talks seven one three eight two five
Speaker 5: five We're here to help you solve problems, answer questions,
Speaker 5: take complain. Cindy has been in an apartment house or
Speaker 5: an apartment first floor at Taba Waters in Denver. She
Speaker 5: said that water came through the walls, excessive water, and
Speaker 5: we got to the point where she was talking about moving.
Speaker 5: I want to ask you something, sendy very quickly. When
Speaker 5: is your lease up?
Speaker 20: Our lease is up because we resigned our lease because
Speaker 20: so it was supposed to be up.
Speaker 5: All I get it. So when would that lease be.
Speaker 20: Up next year? November of next year?
Speaker 5: Okay, But you want to leave early because of the problems,
Speaker 5: which is your right?
Speaker 20: Well, we are leaving early because our apartment has told
Speaker 20: us that they are unable to fix it while we
Speaker 20: are in residence. So they can't fix our apartment while
Speaker 20: we live there. So they have told us that our
Speaker 20: choices are to move apartments or to move out.
Speaker 6: Okay, so so basically the same thing.
Speaker 5: Because of the problems, you're moving out early and where
Speaker 5: so so what are you calling it out today?
Speaker 20: They decided to release the apartment ten days after we've
Speaker 20: moved up, like they haven't lifted up currently.
Speaker 6: Wait a minute, without fixing.
Speaker 20: It, without repairing it. Sorry, go ahead.
Speaker 5: Wow, that's crazy. I mean they they lied to you
Speaker 5: and said we can't fix it while you're living there.
Speaker 20: M h yeah, that's an inhabitability issue and we need
Speaker 20: to move out. So we're like, okay, we're going to
Speaker 20: move out.
Speaker 5: So you feel wait wait wait wait wait wait, but
Speaker 5: kind of you didn't want to be there anyway, so
Speaker 5: that part you're just worried about the next people that
Speaker 5: move in, right.
Speaker 20: Yes, And I also feel like we moved in and
Speaker 20: it's probably the same thing. Is is a bait and switch.
Speaker 20: They keep moving people.
Speaker 5: I get it, but what benefit would there be? What
Speaker 5: benefit would there be of moving people in and then
Speaker 5: letting them out? To me, that doesn't sound smart. I
Speaker 5: don't think that's what's happening. I think are you sure
Speaker 5: they couldn't they didn't.
Speaker 20: Fix it, Yes, because immediately after their repair they came
Speaker 20: in inspected it. When we told them that it was
Speaker 20: still wet, they acknowledged that it was still wet. There
Speaker 20: was a maintenance order on it.
Speaker 5: So wait a minute, But Cindy, I'm not asking. I'm
Speaker 5: not asking if you agree. Here's what I'm asking. In
Speaker 5: the minds of management, did they fix it.
Speaker 20: They're a maintenance staff, acknowledge that it wasn't fixed, and
Speaker 20: in the minds of the manager.
Speaker 2: No, I did.
Speaker 5: I really, I really didn't ask that. I know what
Speaker 5: you're saying. I'm not trying to trick you. I agree
Speaker 5: with you. It's not fixed. Do they feel that they
Speaker 5: did fix it? I'm talking about before they came and
Speaker 5: reinspected it. Did they feel it was fixed?
Speaker 20: Yes, whenever the last maintenance thing, they thought it was fixed.
Speaker 7: I was fine.
Speaker 20: They closed out the maintenance ticket, and then immediately after
Speaker 20: the snow still in it got it?
Speaker 8: God?
Speaker 12: So then and then when did they tell you?
Speaker 5: Was it after the second time, after they thought it
Speaker 5: was fixed, That's when they said, well, we're not going
Speaker 5: to be able to fix it with you living there.
Speaker 5: Or was it before that?
Speaker 20: Yes, after that, after they thought it was after the
Speaker 20: last time they came in. We all thought it was fixed.
Speaker 20: That was fine. So then we had water intrusion again.
Speaker 5: And I got so as soon as you moved out.
Speaker 5: But as soon as you moved out, they they're they're
Speaker 5: renting it. They're there, it's up for rent.
Speaker 20: We're still living there currently, we're moving out currently And oh.
Speaker 5: Okay, hold on and it's up for rent right now
Speaker 5: while you're moving out.
Speaker 20: Yes, yes, it's on the website right now while we
Speaker 20: were moving out.
Speaker 5: And were you okay? My next question is this? My
Speaker 5: next question is this. Did you say to them, Hey,
Speaker 5: I noticed you're renting this place out? You said it
Speaker 5: couldn't be fixed with people living here.
Speaker 20: Yes, it's in an email and I haven't heard back from.
Speaker 5: Them, Cindy.
Speaker 15: How do you know they're not just waiting for you
Speaker 15: to move out so they can affect the repairs prior
Speaker 15: to the lieutenant.
Speaker 20: Moving in because it's only ten days and it's over
Speaker 20: Christmas holidays. When it's available, well, it's available.
Speaker 1: It doesn't mean they can move in.
Speaker 15: Doesn't mean that it's going to be available the day
Speaker 15: after you move out.
Speaker 1: It's available. Yeah, they could make the argument.
Speaker 5: We don't, Cindy.
Speaker 6: We're not trying to stick up for them.
Speaker 5: But what what Dea is saying, Deputy Dimitria is saying, Look,
Speaker 5: what if they're advertising it to get someone interested and
Speaker 5: then they say okay, you can move in January or
Speaker 5: January fifteenth, and in the meantime they go and re
Speaker 5: fix it and then have the new people move in.
Speaker 5: I don't know.
Speaker 12: I don't know.
Speaker 5: They what is the purpose of the call? What would
Speaker 5: you like us to do? We want, we want to
Speaker 5: help you, but it sounds like you're taking care of yourself,
Speaker 5: you're getting moved out. What do you what would you
Speaker 5: want us to do? Warn the new people or.
Speaker 20: Do what I'd like a warning for someone new moving in?
Speaker 20: They are available for the thirtieth. It's available for the
Speaker 20: thirtieth to move in, which over the Christmas holiday isn't
Speaker 20: enough time for repair of that extent.
Speaker 5: I'm maybe, I'm yeah, so so somehow these people are
Speaker 5: going to just move you out because they think, hey,
Speaker 5: she complains too much. Let's get somebody else in here
Speaker 5: and take our chances. That's really what they're saying.
Speaker 18: Yeah so, well thinks they're saying.
Speaker 15: But sady, how do you know that they can't fix
Speaker 15: it in ten days?
Speaker 19: Should we give rocker callings? Because how long would it
Speaker 19: take to fix a wet wall?
Speaker 20: I've just taken almost a year and a half and
Speaker 20: they still haven't fixed it.
Speaker 5: Well, because they don't. They probably don't know how. I mean,
Speaker 5: it's probably some nagging problem. Who knows where it's coming from.
Speaker 5: I mean, look at I know what you're saying, Cindy,
Speaker 5: But as far as you're concerned, though your problem is solved,
Speaker 5: you're getting the hell out of there.
Speaker 20: Right I'm my phone solved. The reason I'm calling is
Speaker 20: I don't want someone to rent my apartment and go
Speaker 20: in there and see.
Speaker 5: I think that's really great. Actually, if you think about this,
Speaker 5: I think that's really nice of Cindy. I mean, I
Speaker 5: know that's not what we normally do. We normally help
Speaker 5: people with an immediate problem. She's saying, Look, I took
Speaker 5: care of myself. I'm getting the hell out of there,
Speaker 5: but now they're renting it again. She just wants, basically
Speaker 5: to drop a dime on them. She just wants people
Speaker 5: to know. I don't think there's anything wrong with that.
Speaker 5: I mean, she.
Speaker 6: Could just leave and not care. Does anyone see a problem?
Speaker 5: What did you meet you? You seem a little distress,
Speaker 5: say she. I mean, like you're you're proud.
Speaker 15: I mean, oh, I just well, Cindy hasn't offered any
Speaker 15: evidence to support her position that the repairs cannot be
Speaker 15: affected in the ten days. But yeah, I know there's
Speaker 15: Christmas in years and all that stuff. I can fix
Speaker 15: some weeks in thirty minutes.
Speaker 5: Yeah, but she said, said they, She said, they don't
Speaker 5: even know how to fix it right now. They got
Speaker 5: to call someone in.
Speaker 20: So they opened up in two weeks to fix my
Speaker 20: apartment after they opened up my wall. So in that
Speaker 20: time frame they opened up my wall, they took out
Speaker 20: all of everything, they painted, they did mold clean up
Speaker 20: because there was mold in my walls. They painted the
Speaker 20: stud again.
Speaker 6: They were all, well, here's here's what I would recommend.
Speaker 5: I'm telling you wait until somebody moves in or goes
Speaker 5: or I don't know what to do. I mean, I
Speaker 5: don't think if we call here's what's going to happen.
Speaker 5: If we call them and say, look, you got someone
Speaker 5: moving out because of problems that haven't been fixed, you
Speaker 5: shouldn't be renting that out to someone new, they're gonna say, one,
Speaker 5: it's none of your business.
Speaker 6: Which is true because we don't know that.
Speaker 5: Two we are gonna fix it, and three aren't you
Speaker 5: supposed to wait until you have a problem before you
Speaker 5: solve it.
Speaker 6: That's what they're gonna say to us.
Speaker 5: And I don't mean to be a smart ass, but
Speaker 5: that's really what they're gonna say to us. Now, you know,
Speaker 5: I don't question your motives. I mean, I don't blame you.
Speaker 5: You're saying, Look, I went through hell here for a
Speaker 5: year and a half. I don't want someone else going
Speaker 5: through that. But I don't think there's much we can
Speaker 5: do about it, guys, I mean really, I just don't
Speaker 5: see what we can do about it.
Speaker 15: Wait, let's see if somebody moves in and then Cindy
Speaker 15: can call that person and say, hey, is your wall
Speaker 15: still leaking?
Speaker 8: Yeah?
Speaker 5: But then what Then she says, well, I told them
Speaker 5: they had a problem and we should have taken care
Speaker 5: of it, and we didn't. I got to take a
Speaker 5: break three zho three seven.
Speaker 6: To one three talk. I don't know.
Speaker 5: This isn't in This one isn't one we can solve
Speaker 5: at this point. Three O three seven one three eight
Speaker 5: two five five Go with a sure thing Denver's best
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Speaker 5: until you're contenth wait time for an insurance check up free,
Speaker 5: no obligation. In comparison, call Compass insurance paying too much
Speaker 5: your coverage at dozens of insurance companies find out now
Speaker 5: three oh three seven seven one help you'll think you're
Speaker 5: his only customer when you choose Frank durand the real
Speaker 5: estate man dot Com to list your home with Remax
Speaker 5: Alliance three oh three nine two zero sixteen twenty two.
Speaker 5: Hi Tom Martino here three O three seven one three
Speaker 5: talks seven one three two five to five h Let's
Speaker 5: talk to Deputy Bow. Deputy Bow, you're on with for
Speaker 5: this problem with Amber Amber. Okay, An Amber came on yesterday.
Speaker 5: I'm going to pull up the call here and Okay,
Speaker 5: her car was stolen, her dog and six puppies were
Speaker 5: in the car, and a thief was caught and the
Speaker 5: dogs were sent to Riverdale Animal Shelter. Now they're in
Speaker 5: foster care, and Animal Control says they are on a
Speaker 5: police hold and she can't have them. So basically that's
Speaker 5: it in a nutshell, right, Is that correct?
Speaker 1: Gamber?
Speaker 14: No?
Speaker 21: Actually so, even though I was told by the Animal
Speaker 21: Control that they were under a police hold, when I
Speaker 21: contacted the Adams County Sheriff's Department, they informed me that
Speaker 21: since the date of December second, when Officer Richie originally
Speaker 21: contained or obtained custody of my dogs, ever since that date.
Speaker 7: She had full.
Speaker 5: Uh So Amber, right, and and what I said, was
Speaker 5: they're in foster care, and animal Control said they are
Speaker 5: on policehold.
Speaker 6: But it's not true.
Speaker 5: But okay, so so anyway, let's just get to the meeting.
Speaker 5: You don't tell us that your car was stolen.
Speaker 21: And I did talk to obser Pordella about this and
Speaker 21: the reason why I could not report the car stolen
Speaker 21: because it wasn't under my name.
Speaker 1: Okay, so I did make.
Speaker 5: Whose name is the car under Let's get to that part.
Speaker 5: Whose car is it's under a Steve Murray, it's under.
Speaker 1: A Why do you know Steve Murray?
Speaker 6: Is it a friend of yours?
Speaker 21: He's not a friend of mine, he's a friend of
Speaker 21: my friends that I.
Speaker 4: Got the vehicle from.
Speaker 5: Okay, okay, but in other words, you had but just wait, guys,
Speaker 5: just wait, I want to make this clear before we
Speaker 5: move on. Did you have permission to use the car?
Speaker 5: Amber Yes, Okay, keep going, go ahead.
Speaker 21: Yes, I've had the car for about a year and
Speaker 21: a half now I just okay, go.
Speaker 5: Ahead, bo okay.
Speaker 17: And then you someone said that the car was stolen
Speaker 17: in the Adams County sheriff couldn't get hold of the
Speaker 17: person who stole the car ran off, and you told
Speaker 17: us that they would not release the dogs to you
Speaker 17: till they found unless you told them who was driving
Speaker 17: the vehicle.
Speaker 21: Yes, that is what Officer Richie told me multiple times.
Speaker 7: She also told my mother.
Speaker 6: And Bo, why don't you just tell us what you found?
Speaker 5: Okay, So let's just saw Amber.
Speaker 1: I'm just gonna cut to the chase.
Speaker 17: I did make a call to the Adams County Sheriff's apartment.
Speaker 17: I did talk to an officer. She wants to keep
Speaker 17: her name off the air. This is what happened. They
Speaker 17: found the dogs in the car. Apparently you or someone
Speaker 17: was living in the car when they came up on
Speaker 17: the vehicle. The dogs were in the back seat with
Speaker 17: no food and no water, and they were created and
Speaker 17: the yes, and then.
Speaker 5: They they let's just let's just hear you and then
Speaker 5: we'll hear her. Go ahead, bum okay, And so they
Speaker 5: said there.
Speaker 17: Was They took the dogs because the malnutrition. They were
Speaker 17: living in the car. The people are living in the car,
Speaker 17: so they took the dogs in and they will not
Speaker 17: release the dogs back to you.
Speaker 6: You mean the people who stole the car were living
Speaker 6: in it.
Speaker 17: No, the car was that the officer from Adams County
Speaker 17: told me the car was never ever reported stolen.
Speaker 5: Okay, they just came up. Okay, okay, and she said
Speaker 5: and she said, the reason it wasn't reported stolen because
Speaker 5: it wasn't hers and she couldn't report a stone.
Speaker 6: But here's what I want to know.
Speaker 5: Do you think, let's just say it like it is,
Speaker 5: bo Do you think Amber said the car was stolen
Speaker 5: as a way of making up an excuse why the
Speaker 5: dogs were taken.
Speaker 6: Tell them, tell me what you're.
Speaker 17: Saying, Hey, down the path to say the car was
Speaker 17: stolen so she could make me make calls, allow me
Speaker 17: to make calls as a reason to get her dogs back.
Speaker 17: But that couldn't be anything further from the truth. The
Speaker 17: car was not.
Speaker 5: Stolen, okay. So the car was not stolen, and the
Speaker 5: cops took the dogs or the animal control officer took
Speaker 5: the dogs because they were malnourished and living in the
Speaker 5: car in a kennel. Yes, and they created and they
Speaker 5: had no food or water, so they fell, Okay. So
Speaker 5: that's why they think. What they're saying is Amber was abusing,
Speaker 5: not abusing, but neglecting the dogs.
Speaker 17: That's why will they will not release them. And it's
Speaker 17: possible they they think they might have been doing other
Speaker 17: things with the dogs, like maybe what is that annoying them?
Speaker 5: Going to pol wellk okay, selling them? Is there anything
Speaker 5: wrong with selling puppies?
Speaker 6: Doing what you're doing it in a car going dogs?
Speaker 5: Yeah, it's a breeding yeah no igat.
Speaker 17: But the bottom line is the car wasn't stolen. There
Speaker 17: was no one, no one involved there. They came upon
Speaker 17: the car, they saw people not living in a car
Speaker 17: for at least a week.
Speaker 1: They saw the dogs.
Speaker 17: In the back seat being malnutrition malnourished, so they took
Speaker 17: the dogs in to protect them. And they're gonna put
Speaker 17: the dogs in foster care so they can have a
Speaker 17: better life than being in a car.
Speaker 5: Oh okay, Okay, Now I know she's not going to
Speaker 5: agree with it, but we can't go any further because
Speaker 5: they're totally saying these dogs were neglected. And by the way, Amber,
Speaker 5: I'm going to tell you something when it comes to.
Speaker 21: True at all, they were not neglected.
Speaker 7: They were only two weeks old.
Speaker 21: And the only reason why I had them in.
Speaker 7: The car was so that my dogs felt comfortable.
Speaker 14: Because when I took her with me to.
Speaker 21: The friend's house that I was at, there was a
Speaker 21: lot of people there, and I didn't want all those
Speaker 21: people coming in and giving her so much.
Speaker 5: But why were you transporting dogs in a car to
Speaker 5: begin with?
Speaker 6: Why weren't they.
Speaker 5: Back home in a warm room in your apartment or house?
Speaker 21: Because because the takes that I live, I don't live
Speaker 21: just by myself, and it was safer for her to
Speaker 21: come with me with her book.
Speaker 5: Okay, who do you live with?
Speaker 8: Back? Well?
Speaker 7: Check it out.
Speaker 21: There was dog food and her own water bowl right there.
Speaker 5: Okay, I get it. Okay, Hey Amber, listen, I'm not
Speaker 5: I'm not accusing you of anything.
Speaker 6: I'm just trying to find out. So where you live?
Speaker 5: You don't live alone? What kind of a place do
Speaker 5: you live in with the dogs? If they were too hot?
Speaker 21: It with me and my friends?
Speaker 7: I just I don't understand how many with them lying?
Speaker 5: How many friends ability it is to allow Amber? How
Speaker 5: many friends, Amber, Amber? How many friends?
Speaker 7: I don't see how this matters.
Speaker 5: It does matter a lot.
Speaker 17: I think if we ordered the incident report on this case, Hamber,
Speaker 17: it would tell a totally different.
Speaker 5: Buye bye bye bye bye bye bye bye bye. That's
Speaker 5: the signal of people, it's a bomb. We're done, We're done.
Speaker 5: We have no idea what conditions she lives in. And
Speaker 5: you know what, as amazing as it sounds, that does matter.
Speaker 9: She did.
Speaker 5: I think they thought they were doing better for the dogs,
Speaker 5: don't you, Bo, No.
Speaker 1: I think they were.
Speaker 17: I think they're doing some breeding and breeding and selling it.
Speaker 5: I just said, I think the authorities think they were doing.
Speaker 6: Better for the dogs, right, Bo.
Speaker 5: Yeah, and you said no, So okay, maybe you misunderstood
Speaker 5: the question. So in your mind, Bow, the authorities were
Speaker 5: doing the right thing.
Speaker 17: I think they were by taking the dogs out of
Speaker 17: the car they were living.
Speaker 5: They were.
Speaker 17: The officer told me they were in the car for
Speaker 17: at least two weeks. And sorry, I misunderstood your question.
Speaker 5: Okay, no, no, no, no, that's good. What I'm saying
Speaker 5: is I'm asking you because you investigated, so you feel,
Speaker 5: like Tom, she's she's not getting her facts straight. And
Speaker 5: I think they were actually looking toward the well being
Speaker 5: of the dogs.
Speaker 6: Absolutely, and I think she's set.
Speaker 5: You want to know why I think she's upset. I'll
Speaker 5: tell you why I think she's upset. Why do you
Speaker 5: think I think she's upset because she can't sell those puppies?
Speaker 1: Yeah, that's her Revenue Street.
Speaker 17: And she was using our show as a boy to
Speaker 17: try to get the dogs back, which I'm just crime.
Speaker 1: It would be a crime to give the dogs back
Speaker 1: to this woman.
Speaker 17: I mean, we got serious cases. I mean she she
Speaker 17: lied to us. That's what I don't like about it.
Speaker 5: Yeah, the car was stolen and the guy was apprehendible.
Speaker 1: Oh and she doesn't know how the dog got pregnant.
Speaker 1: Well I'm glad they're in foster care.
Speaker 5: Three three seven one three talk thrill three seven one
Speaker 5: three eight two five five. We got more coming right up.
Speaker 5: Go with a sure thing Denver's best roofer Excel Roofing
Speaker 5: dot com. You don't pay a cent until you're content.
Speaker 5: Time for an insurance check up free, no obligation. In comparison,
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Speaker 5: of insurance companies find out now three oh three seven
Speaker 5: seven to one. Help. You'll think you're his only customer
Speaker 5: when you choose Frank durand the Real estate Man dot
Speaker 5: com to list your home with Remax Alliance three oh
Speaker 5: three nine two zero sixteen twenty two. Hi Tom Martino,
Speaker 5: you're troubleshooter. Let's go back to Jordan piano. We're here
Speaker 5: to help you. Jordan. Let's uh, let's summarize what we've
Speaker 5: been talking about. I'm gonna let you go what uh,
Speaker 5: what do you want people to know?
Speaker 4: Yeah, mainly the thing is is just helping people turn
Speaker 4: on income. You hit on this great and on the show,
Speaker 4: and that's what we focus on, is just becoming income
Speaker 4: specialist for anybody who has an IRA four oh one
Speaker 4: K or money that's just not performing the way they're
Speaker 4: looking at in the market and they're sick of that risk.
Speaker 4: That's what we specialize is getting you money that you
Speaker 4: can count on month in and month out for the
Speaker 4: rest of your life. There long term care benefits built
Speaker 4: in for the what if and of course and if
Speaker 4: there's any money left on the table when we graduate
Speaker 4: and pass away to the next world, there that money
Speaker 4: goes to your loved ones. That is who we are
Speaker 4: in a nutshell, it's my moneymway dot Com showing you
Speaker 4: just how to turn your money on.
Speaker 5: All right, Fine, Someone wants to know if you got
Speaker 5: into an annuity for some reason and needed to get
Speaker 5: out of it, what are the different options if you
Speaker 5: needed cash?
Speaker 4: Great question. So with any annuity and with most counsel
Speaker 4: of vets, or you have up to ten percent you
Speaker 4: could take out at any given moments, and they call
Speaker 4: those the penalty free withdrawals. Now, anybody that needs more
Speaker 4: money than that, they need to cash out one hundred percent.
Speaker 4: And if in those years that have been tasked the maturity,
Speaker 4: well they can cash that money out if they're in
Speaker 4: those early years. Though, this is where you know it
Speaker 4: kind of echoes that point that these products they're meant
Speaker 4: to turn income on, they're meant to give you a payout. Now,
Speaker 4: if you're going to cash them out early, then these
Speaker 4: might not be the right products for you. But for
Speaker 4: people who have that for one kin they built up,
Speaker 4: then you can cash them out once you hit that
Speaker 4: maturity for the bonus and.
Speaker 5: All that, because there's a penalty period so to speak,
Speaker 5: that that phases.
Speaker 4: Out correct every year. And as as markets said in
Speaker 4: the Path too, you get an upfront bonus. You know,
Speaker 4: one of the incentives right now is up to fifteen
Speaker 4: percent bonus, and that money grows with the day one
Speaker 4: and every year ten percent of it's yours each year.
Speaker 4: But if you cash out early, they've got to recoup
Speaker 4: them that benefit back. Otherwise heck, and I would be
Speaker 4: in the heiti of fifty.
Speaker 5: So so how long how long is that is that
Speaker 5: phasing out? Seven years?
Speaker 8: Yeah, seven to ten.
Speaker 4: There's some companies out there that we don't deal with that.
Speaker 4: We've heard even fourteen to twenty on some of those work,
Speaker 4: you know, annuities that we don't really prefer talk about.
Speaker 4: But but for products like this, these are designed to
Speaker 4: just give you steady growth, steady income, and something you
Speaker 4: can count on without the risk of it dropping down
Speaker 4: if there's a market crash or anything of that sort.
Speaker 5: Okay, someone wants to know, they texted me, and by
Speaker 5: the way, it's they're texting my number seven four seven,
Speaker 5: nine eighty. They want to know what is the limit
Speaker 5: and time limit on the annuity for nursing homes. I
Speaker 5: don't know what that means. The oh, the money limit
Speaker 5: and the time limit? Is there a is there a ceiling?
Speaker 6: What? And when can you use it?
Speaker 5: If you have long term care riders?
Speaker 4: Yeah, so basically, once you get to eight sixty and up,
Speaker 4: the companies allow you to be able to have that
Speaker 4: option to turn it on. Now, as far as the limit,
Speaker 4: these products, they're just additional benefits. So they're not going
Speaker 4: to possibly cover everything, but they're just going to be
Speaker 4: two times whatever the monthly payout would be. So if
Speaker 4: somebody's gonna get let's say three grand a month because
Speaker 4: they're turning on their income, but all of a sudden
Speaker 4: they need nursing home or somebody in their house and
Speaker 4: he'll take care of them, whether they would double that
Speaker 4: six grand a month for the remainder thrives if they need,
Speaker 4: you know, and.
Speaker 5: Is that only after your is that only after you're
Speaker 5: eligible for income or is that early if you needed
Speaker 5: nursing care?
Speaker 4: It is early, but sixty is the cutoff for the
Speaker 4: starting point, which is pretty normal for all okay characters.
Speaker 2: No, that's SI age.
Speaker 5: So once you reach sixty, you're eligible for the long
Speaker 5: term care.
Speaker 4: Rider, correct, and then and for people who have that
Speaker 4: need most people need in their later seventies. But the
Speaker 4: point is is that you're able to turn that income
Speaker 4: on and if you're in a nursing home or a
Speaker 4: facility in your house with somebody taking care of you, well,
Speaker 4: then that's where they will double your monthly payout.
Speaker 5: And then okay, got it, so you you can get
Speaker 5: that out double if you need if you have the
Speaker 5: nursing home rider and you need a nursing home, and
Speaker 5: then is there a time Is there a time limit
Speaker 5: as to how long you can stay in there?
Speaker 13: You know?
Speaker 4: The dollar limit is is the point? And so so
Speaker 4: they're just giving you that dollar and payout, which again,
Speaker 4: if we're talking about six grand a month in that example,
Speaker 4: that's not going to be the one that pays enough
Speaker 4: to cover a full long term care facility.
Speaker 6: Correct, you know, No, I understand that it's a payout.
Speaker 6: I get it.
Speaker 5: But do they limit.
Speaker 6: The time.
Speaker 5: Or is it for the rest of your life? Can
Speaker 5: you get that double the rest of your life?
Speaker 2: Right?
Speaker 4: For each person? Each company's difference, but it's majority of it.
Speaker 4: Want to be intel until the account value, uh you
Speaker 4: know gets today age one hundred.
Speaker 5: Okay, got it, I get it? Okay, cool three oh
Speaker 5: three seven one three talks seven one three two five
Speaker 5: five yees. Sometimes I don't understand, I mean seriously, I don't.
Speaker 5: I want the nuances explained. You did a good job
Speaker 5: on it. So basically, do you recommend long Does the
Speaker 5: long term care rider cost extra in in fees for that.
Speaker 4: No, So the fee that they're built in, especially with
Speaker 4: the one company we use that fifteen percent bonus. Their
Speaker 4: fee is a tenth of a percent a year, and
Speaker 4: so with that that's less than you know, when not
Speaker 4: talking about one percent, we're talking about ten percent. That
Speaker 4: includes the long term care rider, that includes the bonus,
Speaker 4: that includes that income step up, the guaranteed size. So
Speaker 4: that's all part of that, which is a minimal, minuscule amount.
Speaker 4: But uh, that's that's the best it is.
Speaker 5: So so let me ask you this. Then it does
Speaker 5: include a cost of living adjustment?
Speaker 4: You can have that, yes, so that that is additional
Speaker 4: writers that would cast us more if you're going to
Speaker 4: add on a cost of living and have a step
Speaker 4: up on your income. But they are available. It just
Speaker 4: really depends on the person situation.
Speaker 5: How much would a cost of living cost increase your fee? Approxy.
Speaker 4: No, that's that's one that I'll be honest, that's the
Speaker 4: one that's just different for each company. But it's I've
Speaker 4: seen them, you know, of a half percent, maybe get
Speaker 4: to one percent, you know, Okay, that's got it. When
Speaker 4: they look at the numbers, they got to see that,
Speaker 4: you know, to see if it's worth the cost, right.
Speaker 5: Right, And that's what you do. You you kind of
Speaker 5: do a bunch of you do a bunch of comparisons, right.
Speaker 4: It may make the best thing for everybody's buck. That's
Speaker 4: the idea is get everybody the highest payout they can get,
Speaker 4: and then of course with us laddering them and doing
Speaker 4: the strategy of that sort. Some people might not want
Speaker 4: to put the cost of living on there because then
Speaker 4: they have two or three annuities that they can let
Speaker 4: two continue to grow and turn the income on one
Speaker 4: and then turn the second one on, turn a third
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Speaker 6: Hi Tom, Martino, you're a troubleshooter.
Speaker 5: Three O three seven one three talks seven one three
Speaker 5: two five five, Greg, what's going on? Greg?
Speaker 22: Sure, I have as it's happening, and I I'm in
Speaker 22: and out listening to your program at different times. But
Speaker 22: I'm trying to figure out why would I do an
Speaker 22: annuity versus doing something like the vest A program.
Speaker 5: Well, there are two completely different things, and you wouldn't
Speaker 5: and now now in an ideal world, Greg, In an
Speaker 5: ideal world, I say, there's room for different investments in
Speaker 5: your portfolio, right, like a regular stock or or a
Speaker 5: regular investment fund.
Speaker 6: I say stock, but I mean investment fund.
Speaker 5: Maybe an annuity as you get older, and then Vestera
Speaker 5: for sure. But there's not one or the other. But
Speaker 5: I assure you, if you speak to Barry Miller at
Speaker 5: Vestera Turnkey, he'll tell you Vestera is the way to
Speaker 5: go and it will create income and equity growth and
Speaker 5: capital gains, which is income, which is good. If you
Speaker 5: talk to Jordan and Joe Kiano at my Moneymway dot com,
Speaker 5: they're going to tell you a fixed indextinuity is the
Speaker 5: way to go because it's security and it and all okay,
Speaker 5: and income. So it really and and and actually, if
Speaker 5: you talk to me at Wave eight Wealth Management, I'm
Speaker 5: going to tell you that they're all good for different
Speaker 5: times and different purposes. So there really isn't an easy
Speaker 5: answer like that.
Speaker 16: You're sixty eight, eight years old, and based on that,
Speaker 16: what do you what do you think where do you
Speaker 16: think I should put my money?
Speaker 5: Well, there's a lot more I want to ask. First
Speaker 5: of all, Okay, you're you're sixty eight.
Speaker 6: Do you own a home?
Speaker 5: Yes? Is it paid for?
Speaker 8: No?
Speaker 22: I still have two hundred thousand dollars I own the home.
Speaker 6: What's the equity in it?
Speaker 5: Uh?
Speaker 22: Oh, it's assessed in a million.
Speaker 5: Okay, good, good equity. Do you have good income or
Speaker 5: are you retired? No?
Speaker 22: Still working. Between my wife and I, we make about
Speaker 22: eighty ninety thousand a years.
Speaker 5: Okay in savings, just straight cash savings. What do you have.
Speaker 22: We've got about thirty thousand in cash savings cash?
Speaker 5: Okay. What do you have as far as high interest debt?
Speaker 8: Uh?
Speaker 22: Just the home, I mean high interest.
Speaker 8: Nothing.
Speaker 22: We pay off our credits.
Speaker 5: Okay, good, good, excellent, excellent, greg excellent. What do you
Speaker 5: have for investible money? In addition to the thirty grand
Speaker 5: in cash.
Speaker 22: Sitting in four to oh one ks. Right now, I've
Speaker 22: got about four hundred, five hundred thousand dollars.
Speaker 5: Okay, and you're sixty eight okay? And then what else.
Speaker 2: Is that it?
Speaker 11: Other than the home?
Speaker 22: Other than the home?
Speaker 8: That's about it?
Speaker 5: Yes, okay, all right. I don't know what your health
Speaker 5: is or your time horizon, but you could easily the
Speaker 5: four First of all, with the four oh one K,
Speaker 5: you can't convert that into Vestera turnkey to do those rentals.
Speaker 5: You can't do that unless you went.
Speaker 22: Through my money. All my money in the four oh
Speaker 22: one ks is pre tax, so yeah, i'd have to.
Speaker 5: That's that's what I mean. So it's called wait, wait,
Speaker 5: it's called qualified money. So with qualified money, what you
Speaker 5: can't do is converted to Vestera unless you do it
Speaker 5: through a qualified intermediary, which you can do through us
Speaker 5: at Wave Wealth Management, literally we do that. We have
Speaker 5: intermediaries who take qualified money for investment accounts, or for
Speaker 5: Vestera turnkey, or for whatever qualified investment there is. However, however,
Speaker 5: with Joe and Jordan, you could literally turn the whole
Speaker 5: thing over to an annuity if you wanted to. I
Speaker 5: don't know if I would recommend that you do all
Speaker 5: of it, you could do some in an annuity and
Speaker 5: put some in a really good managed a count to
Speaker 5: make money and then turn that over later on.
Speaker 12: Yeah, yeah, or.
Speaker 5: Go ahead.
Speaker 22: The only other thing is I also have started to
Speaker 22: take my Social Security, so I've got about thirty three
Speaker 22: hundred coming in a month on Social Security.
Speaker 5: Okay, that's really good too. Again, the answer is going
Speaker 5: to be the same. I don't think you put anything
Speaker 5: into one bucket yet you're not old enough. But I
Speaker 5: don't think you should play with your qualified money with
Speaker 5: a qualified intermediary because there's too many fees. Hang on, Kelly,
Speaker 5: you'll get your number and we will pass it on. Okay,
Speaker 5: I'm Tom Martino.