Joe Garrity, Ephipany Retirement Group, Equity For Life, The Florida Educational Institute Garrity's retirement "program" cost me $50K in increased mortgage interest in 1 year! Miami Florida

Mr. Garrity's so-called retirement program cost me over $50,000 in mortage interest in the 1st year. He tells you to mortgage/remortage your house to the hilt and buy a big life insurance policy from him with the proceeds. He guarantees that you will achieve a positive rate spread between your (now much bigger) mortgage and the rate of return on your life insurance policy which is tied to some stock index. Actual results: the mortgages that Garrity put me into had an 8% interest rate and the policy return was 1.18%!!!

This is a negative spread of nearly 7%. When I contacted Equity for Life and Garrity, I eventually got a refund on the Fidelity & Guaranty Life Insurance policy, which is a clear admission of their guilt. But I am still not whole due to the ridiculous increased mortgage interest expense I've incurred. By the way Garrity changes the name and location of his "business" quite frequently. He sold me his "program" in Columbus, Ohio in 2005, but has since relocated to Miami, without ever advising me that he had moved. The company names has has operated under include: Equity for Life, The Florida Educational Institute, and now Ephiphany Retirement Group.

His current website --> www.ABetterRetirementPlan.com
My motive is to stop him from destroying other families' finances.

St
New Albany, Ohio
U.S.A.