Sunday, February 17, 2008

AARP Bleeds Members on Financial Products



Few names are more closely associated with retirement than AARP. So Andrew Tignanelli, president of Financial Consulate, a Lutherville (Md.) financial-planning firm, figured the retirement products AARP offered were sure to be winners. But after comparing the nonprofit's new mutual funds and annuity, plus older life insurance offerings, with those of rivals, Tignanelli reached a surprising conclusion: "The majority of people can get a better deal elsewhere."

2 comments:

Leo Pusateri said...

AARP has become the home of aging white-haired, unshaven, flower-child, patchouli-fragranted, sagging-breasted hippies.

When I finally turn that magic age when I'll get an AARP invitation, I'll summarily place it in the circular file.

jroosh said...

Leo, I don't presume to know your age, but rumor has it some have received invites to join as young as age 40. I turn 43 this month and have yet to hear from them.

Alas, this post could change that, but methinks it won't be an invite.