Has anyone gone to a Retirement Wealth Academy seminar?

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1030danielle
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Has anyone gone to a Retirement Wealth Academy seminar?

Post by 1030danielle » Sat Sep 22, 2018 10:59 am

I’ve been seeing some ads recently on my Facebook feed for this free seminar from “Retirement Wealth Academy,” and I’m wondering if anyone here has ever heard of this “Academy” or gone to one of their events?
In the FAQ, they say they are not selling anything, but they are directing the seminar at adults ages 50 to 70, with at least $250,000 in investable assets.
Thanks,
Danielle
Three-funder with a tech tilt.

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bertilak
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by bertilak » Sat Sep 22, 2018 11:24 am

It is a sophisticated sales pitch for an investment "opportunity" that needs to be aggressively marketed because its intrinsic value is not enough to sell itself.
Last edited by bertilak on Sat Sep 22, 2018 11:26 am, edited 1 time in total.
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by AlphaLess » Sat Sep 22, 2018 11:24 am

1030danielle wrote:
Sat Sep 22, 2018 10:59 am
In the FAQ, they say they are not selling anything, but ...
BUT BUT BUT. There is always a but.

You should go to their seminars, and tell them that you have ZERO in assets, but you ASPIRE to have $250K, which you hope they will help you accomplish :P
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by AlphaLess » Sat Sep 22, 2018 11:24 am

bertilak wrote:
Sat Sep 22, 2018 11:24 am
It is a sophisticated sales pitch.
Or more like a con-artistry scam.
"You can get more with a kind word and a gun than with just a kind word." George Washington

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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by bertilak » Sat Sep 22, 2018 11:28 am

AlphaLess wrote:
Sat Sep 22, 2018 11:24 am
bertilak wrote:
Sat Sep 22, 2018 11:24 am
It is a sophisticated sales pitch.
Or more like a con-artistry scam.
That's what meant by "sophisticated." :happy
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by cheese_breath » Sat Sep 22, 2018 12:04 pm

1030danielle wrote:
Sat Sep 22, 2018 10:59 am
...they say they are not selling anything, but ....
But lunch costs $250,000
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eye.surgeon
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by eye.surgeon » Sat Sep 22, 2018 12:19 pm

They're not selling anything because those whole life insurance vehicles sell themselves. Buy your own lunch, save yourself the headache.
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Earl Lemongrab
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by Earl Lemongrab » Sat Sep 22, 2018 1:04 pm

You can review the course descriptions, but they're pretty vague (other than "the times they are a changing" and a fair amount of FUD):

https://retirementwealthacademy.com/our ... w-reality/

"We will look at traditional diversification as well as new areas of diversification to help mitigate loss of account values."

https://retirementwealthacademy.com/our ... headwinds/

"The Government has accumulated so much debt it's hard to believe programs like Medicare and Social Security haven't already dramatically changed."
This week's fortune cookie: "Your financial life will be secure and beneficial." So I got that going for me, which is nice.

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goingup
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by goingup » Sat Sep 22, 2018 1:59 pm

1030danielle wrote:
Sat Sep 22, 2018 10:59 am
... free seminar... they say they are not selling anything...
Surely this must strike you as implausible. :confused They are selling life insurance, annuities, and financial services.

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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by Sandtrap » Sat Sep 22, 2018 2:04 pm

Earl Lemongrab wrote:
Sat Sep 22, 2018 1:04 pm
You can review the course descriptions, but they're pretty vague (other than "the times they are a changing" and a fair amount of FUD):

https://retirementwealthacademy.com/our ... w-reality/

"We will look at traditional diversification as well as new areas of diversification to help mitigate loss of account values."

https://retirementwealthacademy.com/our ... headwinds/

"The Government has accumulated so much debt it's hard to believe programs like Medicare and Social Security haven't already dramatically changed."
They use the key phrase "New Reality" a lot.
Outstanding web site design.

What is "FUD"??
:shock:

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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by Teague » Sat Sep 22, 2018 2:16 pm

Sandtrap wrote:
Sat Sep 22, 2018 2:04 pm
What is "FUD"??
:shock:
Fear, Uncertainty, and Doubt. Classic scare tactics. :happy
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by prudent » Sat Sep 22, 2018 2:30 pm

Seminars like these are packaged by a parent organization and provided to their local affiliated advisors all over the country as a way to drum up business. That way the advisor is kind of shielded by the name of the parent organization and doesn't have to attach their own name to it.

We get at least 1 of these in the mail every month, and they all are slightly different and run by different names. But there are some similarities - they typically are two consecutive nights, two hours each night, at a local college. Some charge $40 or so for materials, some do not. They offer a "free consultation" after the course and they are all conducted by a local financial planner (not a school instructor). The materials usually say who the "instructor" will be and feature the instructor's qualifications.

Having them held at a school, and offered by an "organization" instead of a specific local financial planner, creates an aura that it will be unbiased information. The goal is to get new leads for business.

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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by sixty40 » Sat Sep 22, 2018 2:42 pm

I have not gone to this particular one but I have gone to an investment seminar probably like this one back about 20 yrs ago. It was at a hotel large banquet or conference room, had about 200-300 people, it was sponsored by someone well know (not Tony Robbins) but someone similar at that time, obviously the well known person was not there to give the seminar. There was nothing to "sell", however at the end you can sign up for their in depth program and then someone will contact you, may people seem to sign up, I did not. I would say that it was about a 1hr to 1.5 hr long infomercial. There were a lot of things being said that would lead you to want to listen more waiting for the answer or information, they lead you on for a while and then provide a few bits and pieces of actual pertinent information that you probably could have gotten somewhere else. I have not gone to one since. Maybe go once just to get it out of your system.

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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by Fallible » Sat Sep 22, 2018 7:25 pm

1030danielle wrote:
Sat Sep 22, 2018 10:59 am
...
In the FAQ, they say they are not selling anything ...
This can be misleading in two ways: first, they usually also say they are available to answer questions about their products AFTER the meeting, which is when actual sales, or further arrangements to make them, take place; second, the entire event is about selling.
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by Grt2bOutdoors » Sat Sep 22, 2018 7:30 pm

If they aren’t selling anything why is the price of admission $250k?
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by bsteiner » Sat Sep 22, 2018 7:31 pm

If you go to the free dinner seminar, and you buy the annuity, the living trust, the timeshare, or the bridge, not only did you pay for your free dinner, but you paid for the free dinners for everyone else in the room.

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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by AlphaLess » Sat Sep 22, 2018 8:42 pm

cheese_breath wrote:
Sat Sep 22, 2018 12:04 pm
1030danielle wrote:
Sat Sep 22, 2018 10:59 am
...they say they are not selling anything, but ....
But lunch costs $250,000
Nah, a measly 1% of that per year. Chump change.
"You can get more with a kind word and a gun than with just a kind word." George Washington

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1030danielle
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Re: Has anyone gone to a Retirement Wealth Academy seminar?

Post by 1030danielle » Sun Sep 23, 2018 12:47 am

Thanks, all. I appreciate the input. It certainly seemed fishy when the ages and dollar amount was listed.
Cheers,
Danielle
Three-funder with a tech tilt.

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