JEFF AND JESSIE’S STORY

This is a true story that happened to the owner of our company's 24 year old son.

Some time ago, they received a call that no parent wants to receive. They received a call from the hospital letting them know that their son had been in a serious auto accident. Their son (Jeffrey) and his best friend (Jessie) were going to work one day like usual and had stopped at a red light. As the light turned green and they were proceeding through the four way intersection, a senior lady (talking on her cell phone) didn’t see that she had a red light ahead and went through the intersection and crashed into their son’s car going 45 mph.  Jessie (who was on the passenger side) broke his leg in 17 places and their son was thrown into the driver’s door (45 mph) and broke his shoulder, arm, and wrist in 13 places. The lady was cited at the scene of the accident for reckless driving, and failure to stop at a red light. Jeffrey had to get three reconstructive surgeries to fix his arm and shoulder. The doctors had to put rods and screws in his arm (which he has today) in order for him to have limited mobility again. As of this date, he can only lift 10 or 15 pounds with that arm and still has to wear a wrist brace.

                The reason we are telling you this story, is because both Jeffery and Jessie had to get an attorney to represent them. There is a local law firm in town that took their case. That law firm sued that lady for damages and when the case was settled, she lost her entire investment account to the lawsuit (over 1 million dollars). We feel really bad for her, but we also feel bad for their son  and Jessie (who will never be the same). Nobody thinks that this could ever happen to them. This lady went from being financially secure one day to becoming completely broke the next.

                We know none of us would ever want that to happen to us, but wouldn’t it make sense to safeguard your money just in case? Why don’t we see what we can do to make your money safe in our program.

 

 

PHYLLIS AND GEORGE'S STORY

Let us tell you a story about a couple that we met named Phyllis and George. Phyllis and George attended one of our seminars and came up for their free one hour tax review. They were both teachers and had fairly good retirement incomes coming from Social Security and their teacher's pensions. They were from Long Island, NY and had moved here about two years ago.

We reviewed their accounts and were a bit concerned with what George had done with his investments. George had given to a local broker two years ago about $248,000 to invest for him. When we looked at his most recent statement it had shrunk to about $109,000 in less than two years. We questioned George about this, but he was not too concerned. He felt that it would go back up, and besides their monthly income was more than enough to pay their bills. They took several trips a year and lived a fairly comfortable lifestyle. George was a risk taker and chose to leave his money in the market and said his broker had some new ideas he was going to go over with him. He told us he would think about what we had shown him and quite possibly call us back at a later date. We could see that Phyllis was not in agreement, but George was the decision maker when it came to all the financial matters, so we told him to call us when he was ready.

About six months later, Phyllis called us and asked if she could come in and see us at our office. When she came in she looked 10 years older and as if she was going to have a nervous breakdown. We asked her what was wrong. She told us she hadn't been able to sleep in months and continued to explain that George recently had a massive stroke. He was now paralyzed and had no movement on his left side. He was bedridden and she was exhausted trying to do all the work. They found out quickly that Medicare didn't pay for all the expensive medication and home care that George needed and she was spending about $6,000 per month for the needed help. She had promised George she would never let him go to a nursing home.

To make matters worse, when she called the broker to question him about their account, she found out that George had given him rights to buy and sell on their account and now it was down to $59,000. To make matters even worse, she had called the pension department where they both worked back in New York. She found out the George had taken the highest payout on his pension, and if he were to pass away, she would not get any of it. She was shocked to find this out. He was not getting any better and she was scared to death about what could happen. Phyllis told us that if things kept going the way they were, she would be broke within the next year and she was only seventy-one years old! What was she supposed to do? HOW COULD THIS HAPPEN TO US...is what she kept telling us. She asked if there was anything that we could do to help her fix this situation.

We told her that there was nothing we could do now. It was too late. We felt sad but they had waited too long and now their lives were in chaos. Well, to let you know what happened George lived for about 11 more months. Phyllis continued to take care of him and pay for the home care. When he passed away, she did lose his pension (it was the bigger of the two), she lost part of their Social Security, and by then all their savings was gone. Today, she is just getting by and barely can pay her bills. That was not the retirement they both anticipated or planned but look at what happened by procrastinating. Their whole lives were ruined.

All we can say is that we do no have an unlimited amount of time nor can we tell the future. We know you don't want anything like that happen to you. Let's take care of this before its too late...