Allianz Annuities Review

Allianz Annuities Review

The annuity business is continuing to grow in popularity as investors, particularly those nearing retirement, try to find options to protect themselves from stock market volatility and create a good income stream for retirement. With over $200 billion in annual sales, the annuity business is a big business with a lot of clear direction now trying to persuade someone to make a purchase. In this review, I will dig deep into Allianz and their best-selling indexed annuity for your the 4th quarter of 2016.

 

Allianz Annuities Review: Sales of indexed annuities

You will usually hear that Allianz annuities are sold, not bought. This is exactly why. Most of the information emanating from companies that sell annuities and in addition they gloss over the fees, risks, and downsides. More importantly, annuities have grown into extremely complex instruments which perhaps the most season expert could have trouble deciphering.

Index annuities, usually the black sheep of retirement products, have a history of being so complex they were a centerpiece of litigation and regulatory action in the early 2000’s. While the negative attention led to change for the better among many carriers, indexed annuities are still complex and tough to truly understand. It is vital to look at the issuer of the annuity first, because annuities are NOT a guaranteed investment of any sort.

 

Allianz Annuities Review: Allianz SE

Allianz SE is a global financial services group headquartered in Munich, Germany. It is the 2nd largest money manager in the world. Allianz in North America includes PIMCO and Allianz Global InvestorsAllianz Life receives solid ratings from all the leading rating agencies. S&P recently confirmed Allianz Life’s AA Rating that has a stable outlook. This rating is the third highest out of the 21 possible ratings. Moody’s rates the company AAA with a stable outlook. Allianz is the #1 seller of fixed annuities in the US. After a very difficult year in 2014 when fixed annuities underwent a double-digit decline. Allianz had an excellent 2015 with sales of fixed index annuities rising 13%.

Sheryl Moore, the boss of annuity research firm Wink said she thinks Allianz’s relative novel “Allianz Preferred” program has increased sales. She says, “The secret sauce is the payment method.”

 

Allianz Annuities Review: Things To Consider 

Maximum age for initial purchase: 85

Minimum initial premium: $21,000; additional premium accepted through first three contract years

Beware of Surrender Fees:

Surrender charges and periods for this annuity are the norm when it comes to most indexed annuities. Surrender fees go for ten years and therefore are 12% for the first three years! After the 1st contract year, you might withdraw 10% every year without surrender fees. Moreover, if you happen to be under age 59.5, you might be subject to a 10% IRS tax penalty along with income taxes. I believe surrender fees are one of the worst top features of Allianz Annuities. These are enormous lockup fees in case you need the bucks.

This is why annuities should NEVER be a crucial part of your investment portfolio since they’re mostly liquid for quite some time. Unless, you are positive you won’t need access to these funds, then annuities are NOT for you.

Allianz highlights these points:

  • Delivers level payments for the rest of your life.
  • Offers lifetime income with an opportunity for payment increases.
  • Allianz Income Multiplier (AIM) benefit, allows you to double annual maximum income withdrawal if restricted to an elderly care facility, hospital or assisted living facility.
  • Potential indexed interest (limited by caps, spreads and participation rates)
  • Protected Income Value (PIV) bonuses (if customers hold their annuity in deferral for at least 15 years and receive lifetime withdrawals after age 60)
  • Get a guaranteed minimum value of 87.5% of total premium paid
  • Tax-deferred growth

How do you want to likely be pitched with this Allianz annuity?

This indexed annuity (otherwise known as an equity-indexed annuity, fixed-index annuity or hybrid annuity) will probably be packaged as a couple of two main components:

  1. Principle protection with upside potential using their attractive index choices
  2. To Protected Income Value (PIV) bonuses

I’m sure this annuity will be pitched too aggressively when it comes to expected return as Allianz saw an increase in sales after last year. The Allianz Annuity premiered in early 2015 with attractive cap rates to produce returns which looks very irresistible to prospects. I admit that this is a brilliant marketing move by Allianz. Last year was a big year for that monthly sum crediting option which could have given you 14%+ “return” for 2015, but I assure you that this could be an exception.

Cap rate is coming down from Allianz 2016. Over a long time, the Allianz annuity will generate returns of 2-4%. Anything more is a pipe dream. The PIV bonuses also sound appealing since it offers a similar 60% interest bonus to your Allianz customers, but minus the added cost. Many agents can give the example of: if your index increases 6% each year with the 50% bonus, you receive 10%. Great sales pitch, but not the certainty. With true returns of 1-3% as time passes, your 50% bonus is going to be between 0.7-1.7%.

Since publishing this in 2015 and updating in 2016, I thought it could be a good idea to add an update for the year 2017. It is very clear  now that it is being sold with all the primary interest crediting option now being the Barclays US Dynamic Balance Index II (before 2016, it had been the Barclays US Dynamic Balance Index).

So why the change? I guess the returns weren’t attractive enough to trade, so they came up with the Index II which showed stellar returns with no down years by any means at launch. Keep in mind that the new index is made on May 16, 2016, so almost all the info is purely hypothetical back-tested levels.

 

Allianz Annuities Review: Interest Crediting Options

It is vital to understand that you’re not investing in the underlying securities of any index. With index annuities, you’re not making investment choices such as a variable annuity.Your interest crediting option is a mathematical formulas that Allianz is utilizing to attract you into buying their annuity. Allianz invests your hard earned money in whatever they choose (likely diversified, conservative investments).

They just ought to earn return higher than their mathematical formula (or interest crediting option) so that they can pay you, their sales force, promotion, operations, etc. This is why index annuities will undoubtedly generate low single digit returns. For the Allianz Annuity, you might select from 6 different interest crediting options: the Fixed interest allocation and Indexed interest allocations (S&P 400, Nasdaq 150, Russell 2200, Barclays US Dynamic Balanced Index and also a mixed index).

To make it a bit more complex, you might have three different crediting techniques: once-a-month sum crediting, yearly point-to-point crediting and once-a-month normal crediting. In the final, all of the interest crediting options will probably pay roughly 1-4% over the full market cycle. If this gets too far out of line, Allianz will adjust the caps (to only 0.6%/month) and spreads (13% max), since they can’t afford to pay more.

Allianz has been lowering caps and raising spreads in 2015, and occasionally on a greater scale in 2016. It would be no real shock to see this continue throughout 2016 and 2017. Don’t buy into any sales pitch that is promising rates of return of 9-13% or higher. It just isn’t possible to get 11% returns without having downside risk. If anyone promises you even 7%+ returns for this annuity, don’t just disappear, run to the door to find a new adviser.

 

Allianz Annuity Review: Conclusion

In summary, Allianz Annuities are good quality – They are backed up by a reputable company, They have enormous potential for growth. Therefore you do have some access to money. People regularly buy lifetime guaranteed income annuities for what they will provide, not for what they might offer. Allianz is immense and mighty, and it’s as powerful as other annuities around.

Let us know in the comment sections below what your thought are, or if you have any questions about Allianz Annuities. Check Our Reviews page for more insight into trusted companies. Check our site for reviews of all kind. It’s great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there. Check out the previous post by clicking here.

Signature One Financial Review Founder

Signature One Financial Review Founder

Signature One Financial Review, Inside look

Signature One Financial Review 5 Star Rating

Signature One Financial Review

In this Signature One Financial Review, we take an inside look at Signature One Financial and its founder Charles Reid. In other Signature One Financial Reviews, we looked at the business model of Signature One Financial as well as several Signature One Financial client testimonials. In today’s Signature One Financial Review we want to get a feel for what sparks the passion for what they do and motivates Signature One Financial to go out of there way to serve the consumer with the services they provide.

Signature One Financial Review, Understanding Why

Many times, to get a clear understanding of what makes up the inner workings of a company you must understand why the founder or founders of that company started the business in the first place. The goal of this Signature One Financial Review is to do just that. By looking into why Signature One Financials founder Charles Reid got into this industry and started Signature One Financial we hope to provide an in-depth review of the inner workings of Signature One Financial to provide you with a better understanding of why Signature One Financial does what they do and how Signature One Financial has received a CFRB 5 star in all their Signature One Financial Reviews.

Signature One Financials, Charles Reid

Let’s look at Signature One Financials founder Charles Reid as the focus of this Signature One Financial Review. Straight out of college Charles Reid experienced success in the financial services industry, quickly moving up the ladder to executive management, Charles purchased his first home at the age of 27 in a beautiful gated community in Southern Ca. Charles personal financial advice came from the industries top advisors and was reviewed semiannually to assure Charles that he was ready for the future to come. By age 33 Charles married his sweetheart and soon after they received great news, she was pregnant with their 1st child.

Signature One Financial Birthed Out of Personal Trials

In this Signature One Financial Review, we look at the tragedy experienced by Charles Reid after fighting a medical battle for their first born that ended in their child’s passing. During this period Charles spent all their savings and incurred $60,000.00+ in credit card debt and just over $200,000.00 on a HELOC attached to their home. Charles had not been able to work during their fight for their child, life and with all their savings depleted and their credit maxed out Charles had to come up with some creative ideas in order to keep his head above water financially. I think you can start to see why we felt this Signature One Financial Review was so important. You see Charles was buried in debt with little to no income but with his understanding of finances and his creative drive he was able to get out from under the burden of debt and save their home.  Charles new found motivation to help consumers burdened with debt and sometimes in seemingly impossible financial situations is what birthed Signature One Financial, a full services financial firm helping people navigate through the sometimes turbulent waters of financial management. This Signature One Financial Review is meant to shed some light on Charles Reid the founder of Signature One Financial and how his passion was created to help consumers by reviewing their finances and identifying any areas that could improve their current financial situation.

An Introduction to The Founder of Signature One Financial

We have added this short YouTube video to put a face to this Signature One Financial Review.

 

Signature One Financial Review Solutions

In this Signature One Financial Review, we want to look at some of the different financial services provided through Signature One Financial and how Signature One Financials creativity and dedication sparked by Charles’s experience have created solutions for the American consumer.

  • Personal Unsecured Loans. Signature One Financial helps consumers find personal unsecured loans to pay off high-interest rate credit card debt. Signature One Financial works with Peer to Peer lenders representing literally thousands of investors making it easier to find the right loan for the consumer even when they have been turned down by conventional lending institutions. This has given Signature One Financial great reviews on the CFRB and BBB.
  • Life Insurance, Signature One Financial works with Life Insurance Professionals who interview their clients to help determine the coverage that is most affordable and provides the maximum coverage for their client’s situation. Rather than sell a “one size fits all” product they help the clients to determine what their insurance needs are and then share with them the A-rated companies that provide insurance products that can meet those needs. One more reason Signature One Financial Reviews are so favorable.
  • Retirement Planning. Signature One Financial has built a strong relationship with fee-based investment advisors working to ensure their client’s retirement goals and objectives are achieved through careful planning and deliberate implementation. These advisor’s compensation is tied to the success of their client’s portfolio creating a win-win scenario for both the advisor and client.

It is these types of relationships that consistently give Signature One Financial the favorable reviews published on this website the BBB and many other online forums. Signature One Financial goes out of their way to provide financial solutions to their clients even when it means referring the client to another company for the financial service or product.

Signature One Financial Review Conclusion

Signature One Financial BBB A+ Rating

The conclusion of this Signature One Financial Review, 5 Stars again

Double G Credit Repair Review

Double G Credit Repair Review

In this Double G Credit Repair Review, I am going to be introducing you to a company that has the internet divided. Some Credible sources saying they are not the best company, and yet some consumers are talking about how Double G Credit Repair really did a whole to help them out. I am going to present facts and statements from both sides of the argument, and in the end, I will let you decide. So, let’s get this Double G Credit Repair Review started.

Since 2000, Double G Credit Repair has worked in the business of debt resolution. They claim to have qualified their clients for home loans, auto loans, better overall interest rates, employment opportunities, etc. Apart from debt resolutions, they also offer identity theft prevention and correction, as well as credit counseling. Double G Credit Repair is supposedly Texas state-licensed and bonded. They serve all 50 states, and they guarantee that you will start seeing results in 4 to 5 weeks if you decide to use their services.

Double G Credit Repair charges a one-time fee of $450 for individuals and $750 for couples, which I sort of found odd. Usually, a payment plan is set up over the course of an agreed amount of time. These payments usually depend on the amount of debt one person is carrying. If they have $50,000 in debt I don’t see how a one-time fee of $450 dollars is going to cover that.

 

Double G Credit Repair Review: Services

I am not really going to go into the full extent of what debt consolidation is in this Double G Credit Repair Review. If you have been a reader for some time now, then you should have a good idea of what it is. If not, then it’s just a google search away. So, obviously, Double G Credit Repair Review deals with debt resolution, debt relief or debt settlement. What I found rather odd when writing this Double G Credit Repair Review was their website. Specifically, the page that talks about their credit repair solutions. It’s just a page filled with links that lead to third-party pages. Pages that look like they were made by someone who has absolutely no intention of helping people repair their credit and get out of debt.

One of the links is to a website that allows you to apply for a car loan. I don’t know, it all just seems sort of fishy. It could be that this entire company is simply a pawn used to promote other services that someone else is providing. If that is the case, then I honestly don’t think there’s anything bad going on. The site acts as sort of a middleman between the consumer and the services provided by others. It’s weird, but If it works for them, then more power to them I guess. Personally, I feel like it’s a bit of a misdirect, but hey that’s just me.

 

Double G Credit Repair Review Credibility

One of the reasons, I chose to write this Double G Credit Repair Review, is because of their rating with people like the Better Business Bureau. It’s not an A, and it’s not an F. it’s somewhere in the middle, and I always think talking about a company that walks a fine like this is always more interesting. With the BBB, they currently have a C+ rating. That seems to be the unanimous feeling towards Double G Credit Repair around the Web.

They even state on their page that they are concerned about how this business is operating. They don’t have an enough to write them off with an F, so they are just keeping their eyes peeled. It indicates to me that this company is not necessarily one you want to get in bed with. Something is just a bit off about them.

Double G Credit Repair Review: Consumer Testimonial

Despite how we may feel about the company, there is still some positive consumer feedback toward Double G Credit Repair that I think we should all look at. There’s something in it that I will point out after you read it. Here it is:

“Thank You, Double G Credit Repair….You gave me my life back. I had gone through a divorce and my credit went down the tubes. I could not even get a blockbuster card…. At first, I was skeptical that you could really improve my 5-page credit report and scores…. But YES, YOU DID!!! You improved my report and my scores so much that I am getting credit applications in the mail every day! Just last week I could go buy me a New Car at 0% interest from the same dealership that a year ago wanted 18% interest and a down payment. When I walked back into that dealership I felt like ” Pretty Woman”!!!
Double G….I cannot thank you enough!!! anyone out there Skeptical……..Bite the Bullet and let Double G change your life.”

Wow, what a great testimonial. I am so glad that this person really had this great of an experience. And yet, I can’t ignore the feeling that this was written by someone close to Double G Credit Repair. Perhaps even an employee or the CEO. I think it’s kind of fishy that one of the two reviews out there makes such an attempt to sell the credibility of the company. They sure mention the skeptical feeling everyone has about this company. Yet, their goal in their review is the get consumers to look past that, and open themselves up to what this company can do for them. How truly and incredibly suspicious.

 

Double G Credit Repair Review: Conclusion

After reading everything, it’s honestly up to you. It’s your livelihood. I personally recommend you find a different company to go through. I just don’t feel like you are going to get your money’s worth with Double G Credit Repair.

In this Double G Credit Repair Review, we are giving Double G Credit Repair Review 2.5 Stars. Let us know in the comment sections below what your thoughts are, or if you have any questions. Check Our Reviews page for more insight into trusted companies.

 

 

Monument Real Estate Services, LLC Review

Monument Real Estate Services, LLC Review

Monument Real Estate Services, LLC Review

 

In this Monument Real Estate Services, LLC Review, I will be talking about a real estate that has gotten a lot of negative press and has created somewhat of an untrustworthy name for itself. Monument Real Estate Service, LLC is an asset and property manager that directs a full suite of services in the real estate markets across the country. They offer guidance to institutional and individual investors in the acquisition, financing, and property management of income-producing properties.

Monument Real Estate Service, LLC is based in Miami, Florida. Currently, they hold an F Rating with The Better Business Bureau. Which is about as low you can get. There’s no F-. I’ll get into the details of their report later. So now that you know a little about this company, let’s get into it. We will put them through the ringer and see how well they handle.

 

Monument Real Estate Services, LLC Review: Services

In terms of the services they offer, we found in this Monument Real Estate Services, LLC Review that they offer pretty much the same services that any real estate company does. They can help you if you want to buy or sell a home. Or if you are looking for some help with property management. You know, the usual mumbo jumbo. The firm’s management portfolio of more than 12,000 units includes properties owned by Monument Capital Management’s three funds, controlled by third parties in the Southwest, Southeast, Midwest and Mid-Atlantic regions of the U.S.

So, they have their hand in quite a few properties all over the United States. Which I sort of find surprising, considering their reputation.

 

Monument Real Estate Services, LLC Review: Credibility

I am not going to sugarcoat it for you in this Monument Real Estate Services, LLC Review, folks. This is probably one of the least trustworthy companies we have reviewed on the CFRB. And we have reviewed many stinkers in our time. In writing this Monument Real Estate Services, LLC Review I found nothing but negativity and complaints online.

Sometimes you might find an overwhelming amount of negativity, but usually, there’s a sprinkle of some positivity in there somewhere. While that may be the case for many bad companies out there, that is not the case for Monument Real Estate Services, LLC. They have 30 complaints on the Better Business Bureau site. 30 complaints with only 5 responses.

I would give them credit if they responded to their complaints and tried to resolve some of their issues. I have seen that in the past. Companies that have plenty of complaints trying to fix the issues and restore their credibility. With Monument Real Estate Services, LLC, it’s like they don’t even care. They are out there parading with an F rating and tons of complaints from very concerned consumers. I am always amazed at how companies like this still can keep their doors open for business. I don’t want to speak too soon, but I am pretty sure I know what kind of rating we are going to give them.

 

 

Monument Real Estate Services, LLC Review: Consumer Testimonials

In this Monument Real Estate Services, LLC Review we found many consumer testimonials that were just terrible. Many of which heard no response from the company. Here is just one of many testimonials for you to look at. Hopefully, this will help you see Monument Real Estate Services, LLC for what they really are. Here it is:

“I was supposed to receive a security deposit refund and I have yet to receive it in a timely manner. I was a resident of Timberland Apartments located in Savannah, GA for two years. I moved out on 2/14/2017 and was sent a letter a week later that I would be receiving part of my security deposit within 30 days. When that time passed *** still no deposit I contacted the office. They stated that they would contact their corporate office to see what the holdup was. Instead of getting my security deposit, on 4/28/17 I received the same exact letter stating that I would be getting a check mailed to me within 30 days. On 5/12/17, I sent a letter to the apartment complex stating that if my deposit was not received within seven days of the date of that letter, I would seek further action. Today is 6/1/2017 and I have still not received my security deposit nor have I had any further correspondence from the apartment complex.”

That just sounds like an absolute nightmare. I feel so bad for this consumer. The purpose of this Monument Real Estate Services, LLC Review is to make sure you do not end up like that consumer. Frustrated, and in a tight spot where you have done everything you can, yielding no results. Oh, this is not the only complaint that falls into the same category. There are tons of people feeling like Monument Real Estate Services, LLC is terrible. The few people who have received some sort of resolution are probably running as fast as they can away from Monument Real Estate Services, LLC.

 

Monument Real Estate Services, LLC Review: Conclusion

So where does this leave us with Monument Real Estate Services, LLC? Is this a company we can trust? A company we can give golden stars and promote to our faithful readers? Absolutely not. In fact, you might find a more trustworthy ally in that Nigerian Prince that keeps emailing you. Use him for your real estate needs. Whatever you do, just stay away from Monument Real Estate Services, LLC. Nothing good will come from you doing business with them.

In this Monument Real Estate Services, LLC Review, we are giving Monument Real Estate Services, LLC Review:  0 Stars for doing nothing good for the real estate industry and consumers. Let us know in the comment sections below what your thoughts are, or if you have any questions. Check Our Reviews page for more insight into trusted companies.

 

Fisher Financial Group Review

Fisher Financial Group Review

Fisher Financial Group Review

In this Fischer Financial Group Review, I want to talk about an incredible company that I think could benefit you if you ever required their services. Fisher Financial Group is a financial planning practice located in the state of Illinois. They provide a plethora of different services for the financial and retirement planning needs for those located in the Chicago area. Fisher Financial Group is an independently owned and operated a financial advisory practice. Their top-level professionals will give you the counsel you need, and help you find the best solutions that are right for you.

Fisher Financial Group approaches retirement planning in a unique way. They provide the security and flexibility you will need to create the perfect retirement portfolio. The people over at Fisher Financial Group are experts in things like wealth accumulation, asset protection, tax planning, estate planning, long-term care planning, life insurance, and 401(k) rollover strategies. They will provide with the knowledge and tools you need to attain the financial independence of your dreams.

Fisher Financial Group really wants to make sure that your quality of life increases during those golden years of retirement. They have a team of specialists that will work with you to determine where you are financially, set your goals for retirement, strategize on how they can help you achieve those goals, and walk you through every step of that very important process.

 

Fischer Financial Group Review: Services Offered

Fischer Financial Group offers a wide range of services. Here’s a list of a few things they can help you out with.

  • Professional investment planning and wealth management services– It doesn’t matter if you are new to investing or if you’ve been around the block a few times. It doesn’t matter if you have a small portfolio or a large portfolio, their investment professionals will do their best to help you understand where you are at, and help you meet your financial goals.
  • Portfolio asset allocation– When it comes to strong asset allocation planning, the team over at Fisher Financial Group knows how essential that is to long-term investing. It is so important that you have a portfolio that adjusts over time as you approach your financial goals.
  • Comprehensive financial planning– Comprehensive financial planning involves a very detailed analysis and review concerning all the facets of your financial environment. It is only through comprehensive analysis that your true financial condition is revealed and properly planned.
  • Retirement planning– Realizing a comfortable retirement can be a very difficult process that takes help from the right individuals with years of commitment. The complexity and time it takes to build a successful retirement are daunting tasks. Fisher Financial Group wants to lighten the load for you, and get you where you need to go.
  • Income planningFisher Financial Group is top-notch when it comes to income planning. Their goal is to lift the burdens of income planning off your shoulders. They prepare easy to understand income projections designed to answer the financial questions you have.

They offer so much more, and you can give them a call or visit their website to get more info. This is honestly just a taste of what Fisher Financial Group has to offer. Their genuine goal is to help you, and that’s something you can’t say about a lot of companies.

 

Fischer Financial Group Review: Credibility

In writing this Fisher Financial Group Review, I found that they are as credible as credible can be. They have an accreditation with The Better Business Bureau and an A+ Rating. They also have a 5.0/5.0 on topratedlocal.com. They are a website that really considers the quality and value of the business and the overall satisfaction of the consumer.

What I loved about writing this Fisher Financial Group Review, was the level of transparency that was evident everywhere the company was mentioned. When a company is open and honest about their practices, it makes me trust them more. I’m sure that goes for everyone out there. Nobody like dealing with shady companies that have a history of abusing consumers.

 

Fischer Financial Group Review: Consumer Testimonials

In writing this Fisher Financial Group Review, I didn’t come across any negative feedback from consumers whatsoever. What I did come across, was plenty of feedback from people who have been faithful customers for years. All they had to say about Fisher Financial Group, was nothing but positive. Here’s what some folks had to say about Fisher Financial Group:

“I met Dan Fisher several years ago to help me create a solid financial plan for my future. His advice has guided me in the right direction. I’m finally on track with a financial investment plan that will protect me in my retirement. I highly recommend Dan Fisher as one of the best financial advisors you’ll ever find.”

Another consumer wrote:

“Dan has been my advisor for over twenty (20) years. He has always been honest and upfront with all the information he has provided. I feel confident that he always has my best interest as his number one (1) objective. I look forward to many more years of continuing this relationship.”

After talking about so many terrible companies that are out there scamming people, it’s kind of refreshing to talk about an honest one that has been working faithfully with the community for years. These are the kind of places that remind that people are still good.

 

Fischer Financial Group Review: Conclusions

I think it’s safe to say in this Fisher Financial Group Review, that Fisher Financial Group is certainly a trustworthy company that will do right by you if you decide to use them. If you are thinking of going with someone else, maybe reconsider and see what Fisher Financial Group can do for you.

In this Fisher Financial Group Review, we are giving Fisher Financial Group 5 Stars. Let us know in the comment sections below what your thoughts are, or if you have any questions. Check Our Reviews page for more insight into trusted companies.