Molly
4-28-15, 12:31pm
My brother-in-law attended one of those free retirement planning dinners. He felt no pressure and eventually met with the CFP and bought an annuity. My BIL is financially savvy, so I trust his judgment. We then attended one of the dinners and then met with the presenter.
Our experience was totally different. The presenter said he had to have all of our financial statements within five days or it was "nice to have met you". We were stunned and put off, but decided to gather our documents anyway and see what he had to say. I sent him an email asking if we could drop them off on a Wednesday, but he wrote back saying no, he needed them Monday and he could come to our house to pick them up. He lives quite far from us so this made no sense, especially as he said he was very busy.
This sent up warning bells, so I replied back that it wasn't going to work out, sorry.
I don't understand why he was in such a hurry. He is in his mid 60's and said he could retire, but loves to work. I could find no negative reviews of him or his company. The BBB had nothing on him. We only have a modest IRA, so we couldn't understand why he would pursue us so aggressively.
So any clue as to why someone who is apparently reputable wanted to close the deal so fast? We are stumped!
Our experience was totally different. The presenter said he had to have all of our financial statements within five days or it was "nice to have met you". We were stunned and put off, but decided to gather our documents anyway and see what he had to say. I sent him an email asking if we could drop them off on a Wednesday, but he wrote back saying no, he needed them Monday and he could come to our house to pick them up. He lives quite far from us so this made no sense, especially as he said he was very busy.
This sent up warning bells, so I replied back that it wasn't going to work out, sorry.
I don't understand why he was in such a hurry. He is in his mid 60's and said he could retire, but loves to work. I could find no negative reviews of him or his company. The BBB had nothing on him. We only have a modest IRA, so we couldn't understand why he would pursue us so aggressively.
So any clue as to why someone who is apparently reputable wanted to close the deal so fast? We are stumped!