Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Retirement Elevated?
Old 01-07-2016, 06:59 PM   #1
Dryer sheet aficionado
 
Join Date: Nov 2015
Posts: 27
Retirement Elevated?

Received a brochure in the mail advertising a $50, two-day "retirement planning class" under the name "Retirement Elevated". Anyone have any experience of this? A little Googling around indicates that the company at the root of this, the Elevated Retirement Group or something like that, develops the course materials and sells 'em to local third-party financial professionals around the country to do the classes, probably as a means of drumming up individual FP business. I don't expect to learn much new myself; and despite the claims in the brochure, I do expect to be pressured into buying something more. But I'm thinking it might be a good way to familiarize the DW with some of the concepts and vocabulary of retirement, and if so, then the price seems right. Thoughts?
__________________

__________________
Skeptic is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-07-2016, 07:08 PM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,069
I'd be skeptical that far from "a good way to familiarize the DW with some of the concepts and vocabulary of retirement", you'd be paying to become a captive audience for two days of brainwashing/sales pitch. No thanks.
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 01-07-2016, 07:11 PM   #3
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 8,796
The idea of paying $50 for a chance to have a hard sell pitched at me and to have them tell me ideas that might not be accurate for my situation.

I'd rather do some reading (and share books with DW) than put up with that.

I don't like time share pitches, either.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 7%, rental income 18%
rodi is offline   Reply With Quote
Old 01-07-2016, 07:20 PM   #4
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,372
Seriously? Tell DW to read these boards and spend the $50 on a dinner for the two of you. Are you involved with the outfit?
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 01-07-2016, 08:07 PM   #5
Dryer sheet aficionado
 
Join Date: Nov 2015
Posts: 27
Involved? No; my request for others' experience is genuine. It's just easier sometimes to get someone to sit and listen than to get them to read about something they're not particularly interested in, but should be. I guess I'm (over?) confident about anyone trying to brainwash me with a sales pitch.
__________________
Skeptic is online now   Reply With Quote
Old 01-07-2016, 08:11 PM   #6
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 8,796
Do you enjoy getting hard sells pitched at you?
Will you bring along various studies to debunk the crap they are likely to spew at you - like how they can manage your money (and collect fees) and still outperform the market (over the long term.) (Hint - it hasn't been done yet.)

Seriously - it sounds like torture to me... and your wife is likely to get misinformation, not valuable education.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 7%, rental income 18%
rodi is offline   Reply With Quote
Old 01-07-2016, 08:17 PM   #7
Recycles dryer sheets
 
Join Date: Jan 2015
Location: Toronto
Posts: 179
$50 for a two-day course? That's so cheap! Where else can you get a two-day course for that little?

Seriously, they are not making money on course fees, so they must be making it through sales. You could call a bunch of insurance sales people who will do sales pitches to you for free, and in the comfort of your own home.
__________________
Davis65 is offline   Reply With Quote
Old 01-07-2016, 08:29 PM   #8
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Posts: 1,647
two days... 2.5 hours each day scheduled... not including breaks. Being taught here @ a community collage. But looking deeper, it is not being taught by the school. A "local retirement income specialist" is teaching it.

I've met this FA... I pass. I'm sure it a different FA in different regions.

edit: looked at others where the presenter is from GFPC. More of a large wealth management firm
__________________
bingybear is online now   Reply With Quote
Old 01-07-2016, 08:48 PM   #9
Dryer sheet aficionado
 
Join Date: Nov 2015
Posts: 27
Folks, I truly appreciate the responses, but I wasn't asking for general opinions on the scheme; I was pretty sure what those would be. I was asking for *experience* with it. It seems like the "Elevated Retirement Group" has done a pretty good job of selling their course materials to a variety of financial advice types around the country, so I thought maybe other retirement-interested folks might have run across them and know a bit more about the operation, that's all.

FWIW, I'm guessing that, since they're developed to be used by different financial professionals, the course materials themselves are probably heavy on terminology and truisms and light on specific claims or products. On the other hand, they probably leave artful openings for FPs to dwell on stuff they're particularly into---insurance or annuities or investment advice, etc.
__________________
Skeptic is online now   Reply With Quote
Old 01-07-2016, 09:02 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2013
Posts: 5,560
If you want first person experience, probably hard to come by. If you like reviews, Glassdoor, Yelp, put ripoff after their name. There's some interesting things said about life there.

I'd say your expectations are spot on. High pressure sales job by a hungry person. I would guess it depends on how your DW takes pitches like that. Worst case you end up with a shiny new variable annuity and a j*b for life.
__________________
MRG is online now   Reply With Quote
Old 01-07-2016, 09:05 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Posts: 1,647
I went to something like this a few years ago... not sure it was this company or not. There was not a lot of sales pressure. They got several thing wrong, but most things right. For me is was mostly old hat... just basics.
The format for the class was very similar to this one.

Assuming it is like the one I took, if you are reasonably literate... you won't learn much. Much of the course I took was good for someone who was weak at investing. But they went through a lot of material... the real beginners had trouble keeping up.

What I went to may not have been this exact course. We went through 2 3 ring binders of info over the two days.
__________________
bingybear is online now   Reply With Quote
Old 01-07-2016, 09:10 PM   #12
Dryer sheet aficionado
 
Join Date: Nov 2015
Posts: 27
bingybear, that sure sounds like the same thing, and your experience matches my expectations. Thanks!
__________________
Skeptic is online now   Reply With Quote
Old 01-07-2016, 10:16 PM   #13
Thinks s/he gets paid by the post
Sunset's Avatar
 
Join Date: Jul 2014
Location: Chicago
Posts: 4,707
I've gotten some offers similar to this to take a retirement course at the local community college, which wraps it in a blanket of authenticity. However carefully reading it , one realizes it will be a FP selling something.

OP - Take your lovely Wife to the library and get out some books on beginning investments.
What are you going to do if your wife tells the FP, "ignore my husband, here is a check for $40,000 to invest, bless your heart". ?
__________________
Sunset is offline   Reply With Quote
Old 01-12-2016, 10:36 PM   #14
Recycles dryer sheets
 
Join Date: Jun 2015
Posts: 87
Go to your library's website and reserve this book for your DW:
Making the Most of Your Money Now
by Quinn.

Best financial info book I've ever read.
__________________
gretah is offline   Reply With Quote
Old 01-12-2016, 10:47 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,256
Quote:
Originally Posted by Skeptic View Post
Folks, I truly appreciate the responses, but I wasn't asking for general opinions on the scheme; I was pretty sure what those would be. I was asking for *experience* with it. It seems like the "Elevated Retirement Group" has done a pretty good job of selling their course materials to a variety of financial advice types around the country, so I thought maybe other retirement-interested folks might have run across them and know a bit more about the operation, that's all.

FWIW, I'm guessing that, since they're developed to be used by different financial professionals, the course materials themselves are probably heavy on terminology and truisms and light on specific claims or products. On the other hand, they probably leave artful openings for FPs to dwell on stuff they're particularly into---insurance or annuities or investment advice, etc.
I seriously think the only thing you would learn is how places like this try to sell you on the idea that you need professional help to manage your finances, and probably won't bother to highlight the fees and high cost funds they will put you in.

Is that what you want DW to learn? Really?

Spend some time here, and I think you will agree that the hardest thing to understand about personal finance is how simple it can be ( a two-to-three low cost index fund portfolio, and forget about it.) That would be time better spent, IMO.

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 01-12-2016, 11:16 PM   #16
Full time employment: Posting here.
 
Join Date: Apr 2014
Location: Houston
Posts: 639
No experience with this particular event. However, I took my DW to 2-3 dinners offered by local financial companies where they give a talk on a retirement topic and then answer questions. Of course the end result is they would like to have you trust them to manage your portfolio. I chose to manage our retirement funds myself.

I found the dinners useful from a couple perspectives. It helped me test what I knew and in areas I was weak in it forced me to dig in and learn a bit more. The bigger benefit was the discussions with my DW after these dinners. She wasn't too interested in finances but it became pretty clear to her that I knew most of what was being discussed and that I could manage our money well. I think it raised her comfort level with me managing our money.
__________________
Whisper66 is offline   Reply With Quote
Old 01-13-2016, 07:36 AM   #17
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Eagan, MN
Posts: 3,041
Quote:
Originally Posted by Whisper66 View Post
I found the dinners useful from a couple perspectives. It helped me test what I knew and in areas I was weak in it forced me to dig in and learn a bit more. The bigger benefit was the discussions with my DW after these dinners. She wasn't too interested in finances but it became pretty clear to her that I knew most of what was being discussed and that I could manage our money well. I think it raised her comfort level with me managing our money.
+1.

I actually paid $49 for a local FP to give a 6 hour course, over 2 Saturdays. Lots of material, and it confirmed that I probably could have taught the class.

$50 is not a bad deal, if you learn just one thing. Or confirm that what you know is accurate.

Retirement is generally a one-way ticket. Make sure you are packed and ready to go.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is online now   Reply With Quote
Old 01-13-2016, 07:47 AM   #18
Recycles dryer sheets
 
Join Date: Jun 2011
Location: Broomfield
Posts: 87
I haven't been to this specific offering, but I've been to two or three others with the same format, similar price and duration, also at the local community college. I found all of them useful. No earth-shattering revelations as far as my financial situation, but more of an affirmation that I've got the basics right. All of them offered a no-charge consultation with the presenter at his company, but it was a soft-sell, in fact, not much of a sell at all - I was expecting more, and was pleasantly surprised that I never got the hard-sell. It was an offer, an invitation, no pressure at all. So...I took advantage of it with a couple of 'em. I thought "heck, I've got an hour to spare, let's see what this guy has to say." One of them looked at my situation and basically said, "you don't need me - you're obviously on top of all this". The other had some wild proposals (for example, "when we see a 10% drop in the market, we take you to all cash") which I found bizarre but fascinating. So of course I didn't sign on with anyone, and never had any intention of doing that anyway.

I hadn't been on any kind of educational campus in years either, and it was kinda fun feeling that vibe again. I also enjoyed meeting other attenders - and when I divulged that I was 4 years into retirement at the age of 60, several wanted to chat and I felt useful in providing some insights into what had worked for me.

So, maybe I lucked out by not getting the hard-sell? Heck, if you don't like what you're feeling or hearing, just get up and walk out - on the other hand, you might enjoy it.
__________________
psweath is offline   Reply With Quote
Retirement Elevated?
Old 01-13-2016, 08:01 AM   #19
Thinks s/he gets paid by the post
 
Join Date: May 2014
Posts: 1,046
Retirement Elevated?

Quote:
Originally Posted by psweath View Post
So, maybe I lucked out by not getting the hard-sell? Heck, if you don't like what you're feeling or hearing, just get up and walk out - on the other hand, you might enjoy it.

I suspect your experience was the exception rather then the rule. Every Saturday I hear them screaming "crash proof" retirement. Interestingly enough one couple was quoted "our returns averaged 5% per year for the last three years". I just looked at the S&P returns for the last three years and wow did they pay dearly for that security....

I don't like the notion of being locked in a room with someone who wants to sell me something that isn't in my best interest. The gentlest word I can use is disingenuous - other words come to mind but not appropriate in this forum.


Sent from my iPad using Early Retirement Forum.
__________________
rayinpenn is offline   Reply With Quote
Doing the seminar now
Old 05-19-2016, 09:32 AM   #20
Confused about dryer sheets
 
Join Date: May 2016
Location: Novi MI
Posts: 2
Doing the seminar now

For Skeptic, I am actually in between session 1 & 2 of the Retirement Elevated seminar now. The good news is that while the concepts of Income Planning and Investment Planning (the two main segments of part 1) were quite familiar, I did gain a bit of insight about Social Security strategies before and toward the start of retirement, and about annuities.

However, as others here have said, there is no free lunch (actually no food at all, but I only paid $39 for both my wife and me to attend this, so I can bring my own snack -- but I digress). The sales pitch, so far, is implicit but whacking us in the face: all the things offered by the presenter (Kirk M. Cassidy, of Senior Planning Advisors Inc) as being "wrong" about the usual advice from FAs can only be rectified by using his company's services to plan one's retirement. While I am not entirely convinced (I have fee-based planning through TIAA-CREF that has been very helpful for nearly a decade), the points he makes about paying fees, particularly hidden fees, do resonate and make me curious about what his firm might be able to offer.

In sum, we received a copious folder of information, the presentation is packed with detail and not terribly boring (although consider the topic!), so I do not feel my time and bit of cash has been wasted. I will post here after part 2, which is next Tues evening.
__________________

__________________
CJINTHED is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 3 (0 members and 3 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Elevated CEA level? 67walkon Health and Early Retirement 7 09-29-2011 02:53 PM
Retirement? Retirement?!? You can't HANDLE retirement!! Nords Life after FIRE 24 06-17-2009 04:47 PM
Elevated levels of GGT Alan Health and Early Retirement 4 02-08-2009 05:56 PM
Uncle Mick has been elevated to guru status wildcat FIRE and Money 13 01-09-2006 10:31 PM
Retirement rate in retirement nellieb FIRE and Money 5 09-11-2005 02:14 PM

 

 
All times are GMT -6. The time now is 09:29 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.