Wednesday, February 25, 2015

Biting the Hand .......

In a recent campaign speech to participants of the Council on Aging the Arrogant One let his feelings be
known with regard to financial planners.
President Obama made only one reference to any insurance-related product today at an AARP event in Washington. He thanked AARP for helping the White House organize the aging conference, and then used the rest of the appearance to blast financial advisors who "receive backdoor payments or hidden fees for steering people into bad retirement investments that have high fees and low returns." - Life Health Pro
Either El Presidente is unaware that AARP would not exist if not for fee's and commissions paid by carriers in exchange for an endorsement, or he knows but fails to connect the dots.

Can you say backdoor payments to AARP?

Oh, and speaking of low return retirement investments, how is Social Security doing these days? Let's consider those that work until their 65th birthday and then drop dead the day after they retire.

What kind of ROI do they get?

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