Oh, another thing to add to the recession list:
contractors... With people postponing home improvement projects, it should be easier to find a good contractor. There are a few upgrades we are considering: new bathroom hardware, new landscape lighting, new garage door opener, etc... It should also be easier to negotiate a good price...
Talking about that, guess who called yesterday just to chat? Our FA... Apparently clients are bailing out left and right and he wanted to know where we stood... He decided not to charge us his $1000 annual fee for 2009 if we kept him around at least until early 2011. Since we are stuck with the annuities he sold us until 2011 and given that fact that now is certainly not the right time to cash out of those annuities (they are invested 100% in equities, plus we would still lose $1000s in redemption fees on top of that), it sounds like a deal we will be glad to accept. Nothing like a good recession for consumers to regain some bargaining power...
contractors... With people postponing home improvement projects, it should be easier to find a good contractor. There are a few upgrades we are considering: new bathroom hardware, new landscape lighting, new garage door opener, etc... It should also be easier to negotiate a good price...
Talking about that, guess who called yesterday just to chat? Our FA... Apparently clients are bailing out left and right and he wanted to know where we stood... He decided not to charge us his $1000 annual fee for 2009 if we kept him around at least until early 2011. Since we are stuck with the annuities he sold us until 2011 and given that fact that now is certainly not the right time to cash out of those annuities (they are invested 100% in equities, plus we would still lose $1000s in redemption fees on top of that), it sounds like a deal we will be glad to accept. Nothing like a good recession for consumers to regain some bargaining power...