Should You Hire an Insurance Salesman?

April 23, 2016
MADDOX: Let’s better protect our retirement accounts

To the average investor, there are so many confusing choices for investment advice. Should I hire an insurance salesman, a stockbroker, a financial planner or a retirement specialist? What’s the difference or overlap in these titles? How much can I trust the advertising and marketing materials I see that try to convince me these are all people I can trust and who will have my best interests at heart?

You should definitely consider hiring an insurance salesman to help you manage your retirement investments, but only after you've hired a few used car salesmen to help you manage your rusted-out pickup truck. I mean really, that's just common sense. It is very important that you hire all your salesmen in the right order.

Once you've set up all the cubicles for all of your new workers in your living room, don't forget about the telemarketers. You're going to need at least 20 of those to stay competitive, based on how often my home phone rings.

Forehead. Desk. Whack. Whack. Whack.

In all seriousness, if I ever "hire" any salesmen, advertisers, or marketers to help me with my retirement account, would someone please tell my doctor to prescribe some anti-dementia medication ASAP? Thanks!

I should also point out that this also applies to saleswomen. This is an equal lack of opportunity blog. When attempting to avoid salespeople, as I almost always do, I make every effort to treat both men and women equally. ;)