* Asset Protection - Long Term Care - Retirement Planning *
Why I Do What I Do
My dad, Ralph Carpenter was the Sports Information Director at Texas Tech University, and my mom was a Registered Nurse at Methodist hospital in Lubbock. My mom went to Methodist Nursing School and later worked at Methodist Hospital. My dad was the Editor of the Ralls paper before he got the job at Texas Tech. My dad was also the Editor of the Texas Tech Student Newspaper, and there is still a picture of him in the journalism building. My parents knew nothing about Medicare or Long-Term Care or financial planning.
My dad suffered through an extended illness after leaving Texas Tech. My dad started out as a mild diabetic, which progressed to heart issues, open heart surgery, Parkinson’s, Alzheimer’s, and finally congestive heart failure. My dad had no life insurance or Long-Term Care plan in place and my parents’ comfortable middle-class life disappeared almost overnight. Shortly after my dad was unable to work, my parents lost their beautiful home in a heavily wooded neighborhood near the University where my dad was formerly employed. My mother was forced into a short sale of their home to avoid foreclosure.
After working her entire life, and you all know how hard Nurses work, my mom had to move into one side of a small duplex in a not so nice part of town. Not only was it financially devastating for my parents, but it was incredibly emotional and heartbreaking for my mother, my brother and me. The financial responsibilities fell to their savings and what monies were left after exhausting their investment accounts.
So, I started asking myself how one Life event could change the entire outlook and lifestyle for a family because that’s what happened to us. The short answer is this. My parents had no safety net, no safe money strategies, and very little understanding of finances, portfolio protection or insurance. After I left my career in law enforcement, I decided to educate people on how to avoid the pitfalls of our broken health care system.
Unlike a lot of advisors who don’t focus on LTC or asset protection, I have a passion for trying to help people avoid what my family went through because I have lived it. I don’t regret what happened because over the last 15 years we have helped hundreds of families protect their hard-earned money and assets from life’s surprises. I regularly hold workshops on Medicare, Long-Term Care, and other topics to help educate as many people as possible. You can request a free copy of our book on Medicare and Long Term Care.