Originally Posted by Charpress
Sigh...
I had someone come in today who has about $2.5 million in IRAs and he had a copy of Slott's latest book. I had put together a plan for him to Roth and Life thereby reducing income taxes by $209k at today's income tax rates.
"Slott really likes life insurance", he says, holding up the book.
No disagreement so far.
"Slott even seems to like annuities, which is totally different than he used to write."
Had to suppress a guffaw at this point.
"Slott says you need to carefully choose your advisor and to look carefully for certain skill designations when you pick an advisor."
OK, gloves off at this point.
I sez: "Let me tell you how this works with Slott & Co."
I then told him about how anyone who wants to pay Slott a fee can have a "designation" and that he (the guy I was talking to) could have one himself if he wanted. I told him that Slott's advice was pretty much good, but keep in mind that he has an agenda DESPITE WHAT HE SAYS just like everyone else.
Whether I get this sale remains to be seen. Any guesses as to whether Slott is helping or hurting my chances at this point?
By the way, one of Slott's anointed ones is doing a seminar in my town this week -giving away free Slott books "if you reserve your seat right now". I have a feeling my guy will be going if he heard about it.
I would tell the prospect about it, and remind him of what you told him.
Have the prospect ask questions geared toward the certain designations, and the validity behind them.
I have done this numerous times when I was "in the hunt" for a new prospect.
Send them off to listen to another guy or gal's spill, or as you like to call it a "dog and pony show," and tell them you will get back to them.
Sometimes it works; sometimes it does not. I hope this helps.
Re: Ed Slott-elite IRA Advisors
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