ohfrugalone
Recycles dryer sheets
- Joined
- Aug 2, 2008
- Messages
- 71
So I went to this continuing education class on Retirement Planning and Live 5 years for Free (the prospect of living five years for free really interested me), and it was supposed to come with a free financial plan if you wanted one. Today I went for the appointment for my free financial plan. This is the list of documents he wanted:
Brokerage/Investment statements and transactions year to date and for last year
checking, savings, money market and CD statements
Retirement plan statements - pension, profit sharing, 401K, 430B,etc.
IRA statements
SS Benefits statements
Mortgage statement showing current balance and monthly payment
Documents showing ownership interest of real estate, partnerships, LLCs, vehicles.
Details on purchases of major assets and their current values
CC statements, showing current balances and monthly payments
Income tax returns - two most recent years
two most recent pay stubs
Individual Life insurance policies, disability income policies, long term care policies, homeowners, vehicle and umbrella insurance policies
Will and trusts, durable power of attorney, Living Will
Does this seem a little extreme?
Well I brought the items relevant to me - but not the title to my car or the deed to my house and blacked out the account numbers and my name and address, because I could see the risk to myself and could not see why he would need that information. The numbers should have been all that was important.
When I sat down, I did tell him that he shouldn't count on a big sale from me, as I was pretty cheap.
What was supposed to be a 90 minute consultation turned into him looking at my pension and social security statement and telling I should be good to go if I worked till 66. He added them together. I told him I really didn't want to work until 66.
Then he asks me if I have always been single and says "Yeah, he thought so, because I am the type who doesn't take help from anyone, he could tell" - which actually sounded very insulting in the manner that he said it.
He got rid of me in 20 minutes - was it my initial statement about the big sale? The fact that my income was only $43,000? The fact that I blacked out the account numbers and my name and address? And why the insult?
Brokerage/Investment statements and transactions year to date and for last year
checking, savings, money market and CD statements
Retirement plan statements - pension, profit sharing, 401K, 430B,etc.
IRA statements
SS Benefits statements
Mortgage statement showing current balance and monthly payment
Documents showing ownership interest of real estate, partnerships, LLCs, vehicles.
Details on purchases of major assets and their current values
CC statements, showing current balances and monthly payments
Income tax returns - two most recent years
two most recent pay stubs
Individual Life insurance policies, disability income policies, long term care policies, homeowners, vehicle and umbrella insurance policies
Will and trusts, durable power of attorney, Living Will
Does this seem a little extreme?
Well I brought the items relevant to me - but not the title to my car or the deed to my house and blacked out the account numbers and my name and address, because I could see the risk to myself and could not see why he would need that information. The numbers should have been all that was important.
When I sat down, I did tell him that he shouldn't count on a big sale from me, as I was pretty cheap.
What was supposed to be a 90 minute consultation turned into him looking at my pension and social security statement and telling I should be good to go if I worked till 66. He added them together. I told him I really didn't want to work until 66.
Then he asks me if I have always been single and says "Yeah, he thought so, because I am the type who doesn't take help from anyone, he could tell" - which actually sounded very insulting in the manner that he said it.
He got rid of me in 20 minutes - was it my initial statement about the big sale? The fact that my income was only $43,000? The fact that I blacked out the account numbers and my name and address? And why the insult?