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