mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Location: Italian Restaurant
Time: 5PM
Sequence: After arrival at the venue and taking a seat, a waiter comes around and takes your food order (shrimp, chicken or pork chop/ pasta/salad) is taken, presentation begins and lasts until about 6:20, food served at 6:20, depart venue at 7PM.
Notes/Observations about seminar: Power point presentation was well done, but too much “touchy-feely” slides/music; Presenter has been doing this for 3 years and does 2-3 of these seminars at different restaurants per month; “Our product portfolio contains annuities, insurance and LTC”; In commenting about EIAs he says” They tell me that I should also refer to an EIA as a fixed annuity;” In examples of inflation he used 4.4%, I thought that this was unrealistic and 3% would be better but 4.4% made all of his “numbers” work better; In discussing inflation of 4.4% this comment “these are real numbers”; “4.4% is average annual inflation 1978-2004”; Used tax rate example of 25%; “People lose a lot of money in the market with EIA you can not lose money”; EIA example that he used had a 6% cap on EIA that after “ten years” came out better than the “stock market” with “less financial stress”; As 3 of the “10 year examples” were losing years he said “(with EIA) you turn losing years into zero years (called it “the power of Zero);” Showed how annual “lock in” of EIA can push the current value higher and higher; Showed a complex idea of how purchasing a series of 4 annuities, one immediate and 3 others that were deferred (all different interest rates) could preserve your original investment of $100k after 15 years (start w $100k, receive various distributions for 15 years, end with $100k)~very contrived IMHO; he showed how your IRA could be “rescued” during RMD by purchasing a survivor life insurance policy as a “legacy” for the kids; was asked to complete the “request card” for free consultation at his office; most folks seemed to complete it as directed and set an appointment. I did not complete or turn in the form. As mutual funds were not mentioned in a positive manner, I assume that he does not have NASD series 6 or 7 license. Only insurance products were discussed.
Food Grade ~A
Presentation Grade~C
Time: 5PM
Sequence: After arrival at the venue and taking a seat, a waiter comes around and takes your food order (shrimp, chicken or pork chop/ pasta/salad) is taken, presentation begins and lasts until about 6:20, food served at 6:20, depart venue at 7PM.
Notes/Observations about seminar: Power point presentation was well done, but too much “touchy-feely” slides/music; Presenter has been doing this for 3 years and does 2-3 of these seminars at different restaurants per month; “Our product portfolio contains annuities, insurance and LTC”; In commenting about EIAs he says” They tell me that I should also refer to an EIA as a fixed annuity;” In examples of inflation he used 4.4%, I thought that this was unrealistic and 3% would be better but 4.4% made all of his “numbers” work better; In discussing inflation of 4.4% this comment “these are real numbers”; “4.4% is average annual inflation 1978-2004”; Used tax rate example of 25%; “People lose a lot of money in the market with EIA you can not lose money”; EIA example that he used had a 6% cap on EIA that after “ten years” came out better than the “stock market” with “less financial stress”; As 3 of the “10 year examples” were losing years he said “(with EIA) you turn losing years into zero years (called it “the power of Zero);” Showed how annual “lock in” of EIA can push the current value higher and higher; Showed a complex idea of how purchasing a series of 4 annuities, one immediate and 3 others that were deferred (all different interest rates) could preserve your original investment of $100k after 15 years (start w $100k, receive various distributions for 15 years, end with $100k)~very contrived IMHO; he showed how your IRA could be “rescued” during RMD by purchasing a survivor life insurance policy as a “legacy” for the kids; was asked to complete the “request card” for free consultation at his office; most folks seemed to complete it as directed and set an appointment. I did not complete or turn in the form. As mutual funds were not mentioned in a positive manner, I assume that he does not have NASD series 6 or 7 license. Only insurance products were discussed.
Food Grade ~A
Presentation Grade~C
