Thursday, January 10, 2013

Hen house, Meet Mr. Fox? (Searching for the "Senior Resource Alliance of Northern Michigan")

Fred L. Goldenberg, owner, Senior Benefit Solutions of Traverse City

Fred Goldenberg, who writes a monthly "Scam Watch" column for the Record-Eagle, touts the fact that he's a founder of the "Senior Resource Alliance of Northern Michigan".

Funny, we can't find anyone else who's a member, or anyone in the Traverse City senior services community who's part of the group.

But Fred, who often speaks to senior groups, is an insurance agent who specializes in annuities and other "estate conservation" programs.

Here's what Fred says on his Senior Benefit Solutions web site:

We look for the freshest annuity concepts that provide flexibility and liquidity never heard of before in an annuity product. We understand the complexities of unlocking the equity in your home to finance your retirement and how best to free up that cash so you feel confident that you’ve made the best decision.

So, let me explain--Fred wants to lock you into an annuity, or he wants to help you get a so-called "reverse mortgage". 

Although he claims on his web site to have "been in the financial services industry for over 30 years", Fred is not a stock broker or an investment adviser--he is a been a licensed "Resident Producer" insurance agent since 1975.

You might want to pay close attention to the next "Scam Watch" column--it might be an autobiography!

BELLAIRE, MI 49615-0535
Current Status
License Type
Status Date
Resident Producer Active 07/30/2002

Historical Data for this License Type
Begin Date
End Date
Active 07/30/2002
Inactive 04/19/1996 07/29/2002
Suspended for Education 08/01/1995 04/18/1996
Active 08/21/1975 07/31/1995

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