Today I met with Dan. He's an independant financial adviser with Northwestern Mutual Life and he talks a good game. He also meets my sole criteria for a financial adviser - he drives a Ferrari. Actually, two Ferraris. Well, technically he only drives one at a time, but you get the point. Where was I?
Oh yes - financial advice. Dan said we should really consider an insurance policy with NMW that builds value over time. The money you take is tax free and with good planning, you can retire in style. His plan sounded really impressive and he showed me actuarial tables with some impressive numbers based on real money portfolios over the last 20 years.
I'm sold, but The Wife isn't convinced. Her point (and I begrudgingly see the logic) is that his Ferrari money comes from saps like me who get sold on the pitch, and not from his own holdings. Her point (as I understand it) is that if you invest in an insurance vehicle, not all of the money is working for you and you could do better yourself in something low risk where ALL the money is working for you.
I realize these are tough economic times and many of my readers are unemployed or don't make enough money to invest. I'm not trying to be insensitive. I'm just curious if anyone out there has taken the plunge and if they are happy with the choice (I'm looking at you, Amy).