mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I attended another financial planning last night at the local Outback Steak House. What follows are my notes:
Retirement Planning Seminar 9/28/2006
Location: Outback Steakhouse
Room for about 80 however only about 30 were in attendance. 1:30 was length of presentation. Ordered food prior to seminnar began. In speaking to the presentor just after I arrived (a bit late) I was asked to "sign in". I questioned this and asked why and was told "When I am writing them a check for over $300, I like to know who is here."
Covered risk/reward; age appropriate investing; “I have only 3-4 mutual funds that I like”; shrinking income; A shares, B shares and C shares with 1% fees ~”It’s the one that I like” he said; he slammed First Command 50% commission; “No such thing as a NL fund”; “#1 fund is American Funds, my favorite”; VAs have “a lot of fees”; ‘inservice distribution” means that one can RO 401k, 403b etc funds to an IRA while active; EIA are a good solution to many investment problems; he hit bonds very briefly w/vague info; Re: living trust~ not needed unless you have buildings as an investment; LTC very brief/vague”; financial media folks (Cramer, Orman, Quinn, Ramsey, Burns) are all pretty good.
He seemed very rushed (ill prepared?) at the end of the presentation and mentioned it several times that he was not going to be able to get into a subject because the food was almost ready and “Outback doesn’t want you folks to wait."
We were asked to complete and submit a Response Sheet for a free consultation. I did not complete it.
Had an 8oz center cut sirloin steak w/baked potato and salad. Alternate entrees were salmon and chicken.
I rate the meal as an A. Presentation rated as a C-.
Retirement Planning Seminar 9/28/2006
Location: Outback Steakhouse
Room for about 80 however only about 30 were in attendance. 1:30 was length of presentation. Ordered food prior to seminnar began. In speaking to the presentor just after I arrived (a bit late) I was asked to "sign in". I questioned this and asked why and was told "When I am writing them a check for over $300, I like to know who is here."
Covered risk/reward; age appropriate investing; “I have only 3-4 mutual funds that I like”; shrinking income; A shares, B shares and C shares with 1% fees ~”It’s the one that I like” he said; he slammed First Command 50% commission; “No such thing as a NL fund”; “#1 fund is American Funds, my favorite”; VAs have “a lot of fees”; ‘inservice distribution” means that one can RO 401k, 403b etc funds to an IRA while active; EIA are a good solution to many investment problems; he hit bonds very briefly w/vague info; Re: living trust~ not needed unless you have buildings as an investment; LTC very brief/vague”; financial media folks (Cramer, Orman, Quinn, Ramsey, Burns) are all pretty good.
He seemed very rushed (ill prepared?) at the end of the presentation and mentioned it several times that he was not going to be able to get into a subject because the food was almost ready and “Outback doesn’t want you folks to wait."
We were asked to complete and submit a Response Sheet for a free consultation. I did not complete it.
Had an 8oz center cut sirloin steak w/baked potato and salad. Alternate entrees were salmon and chicken.
I rate the meal as an A. Presentation rated as a C-.