Subject: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Citigroup downgrade

Comments:
: : : I would say that if all the 55 year old has is 100,000 he seriuosly needs to save more money. I would find out what his needs are for life insurance. : : --Bob, you can give us a quote from your book on the cost of term insurance for a 55 year old? : : I would assume that his kids have moved out and his house is mostly paid for. Buy ins for the ballance of the house and concetrate on gaining assetts. I think buying the most exspensive life ins is not appropiate. He should plan on having money for his retirement as more important than leaving money for his children tax free. : : --I don't think the idea of financial planning is to tell the client what his priorities SHOULD be, unless they are really way out there. Planning to leave your kids a tax-free inheritance is a worthwhile priority, but it doesn't fit in with the products you sell, so therefore, you think he should change his priorities. A planner works with and fills needs for the client, not tell the client what his needs SHOULD be or create needs where none previously existed. : : All insurance gets more expensive as you get older (even vul)and the cost inside the policy eats up valuable investment opportunities. so pay the least for insurance and the most for investment possible. : : Just becase you buy vul doesn't mean you excape the increasing cost of term. The policy can lapse if the client doesn't keep up! : : : Bob : : IMO, it certainly doesn't make any sense to buy term at age 55, unless maybe its ART to fill a short term need. : it's obvious to me you lack common sense and intelegence. You should be out there instead of typing on the Inet. : Good luck with your self : Bye : Bob

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