I received the invite in the mail and two complimentary VIP tickets ($89 value each.) As I was a VIP, I only took advantage of one $89 ticket.
Located @ an Italian Bistro, the meal (salad, lasagna) was served at 6PM and was over at about 6:45. Excellent dinner.
Speaker started at 6:45PM ended @ 8PM. Speaker claims to be a retirement distribution planning specialist, whatever that is. Good presentation, no pressure, no specific "products" mentioned.
Notes from presentation: “We work for our clients”. Annuities are pretty much the choice of retirees. Boomers face more challenges than their parents. 17% of people have pensions. The presenter spoke a long time about rolling over IRA, 401(k) and 403b to them so that they could manage it all as one account. Good explanation of RMD. IRA inheritance and problems for kids if not done properly. Covered provisions of new Pension Protection Act 2006 and how it affects us. Can exchange 401(k) directly to Roth but must pay tax. New law is 907 pages long. Their company knows how to adapt new law to their clients already. Asset allocation and diversification is very important. Typical W/D rate for retirees is 5-7%. An EIA can lock in guaranteed income for life as well as get market returns. Presenter had a number of "real cases" that he had personally encountered (so he said) and explained how a financial plan could have helped them avoid pitfalls. Was against trusts as “they create more problems than they resolve”.
Attendees were encouraged to complete an “evaluation sheet” and turn in when they left. Would receive a CD of a previous presentation if sheet was turned in tonight. I did not complete form thus giving up my receipt of the CD.
I thought that it was unusual that the complete meal was served prior to the presentation. No one did so, but after eating one could just get up and take off. Presentation of about 1:15 was about right IMHO.