A Free Meal at Investment Seminars Can Be Costly
Federal regulators want to crack down on “free lunch” investment seminars, where high-pressure sales tactics often cause retirees to make unwise investment decisions.
According to the AARP, three out of five investors over age 60 received six or more invitations to a free investment seminar in the past three years. A free meal (and, often, door prizes) are used to boost attendance, but those who do attend are often subjected to inflated claims by seminar presenters, who suggest they’ll reveal the secret to eliminating taxes, investing without risk or tripling earnings. Attendees are strongly encouraged to bring their spouses. Read more »
