Darryl, Thank you for this video explaining the Allianz 222 annuity. I also appreciate the phone with you today and for answering my questions about this annuity. Thanks
Stan Annuity man says that bonuses are like candy for the stupid I appreciate that, because let’s think about it at 35% bonus plus a 5% commission on $400,000 equals $160,000 on day one Just think about that Yes, they hide it really well through a series of years But still as Stan the Annuity man says it is just candy for the stupid
@@torresMPCT the average annual return on Allianz 222 is 0-3%., with 5% being the very highest. There is never anything close to 10%. Definitely not 35%. 35% would be rare even after 10 years! The bonus amount is a total scam unless you die but even then because no interest accredits during the 5 year payout that accounts for any “bonus”.
I like it, you said there are other people that die younger, and that's a good thing, not to that guy, lol. Anyway, I have a problem with how the fees are structured 1% each year and then you get hit with that 10% fee when you start collecting, it seems so complicated.
Do not bother with Allianz. It is a horrible investment. You are far far better off investing in a low cost etf with full Liquidity, the ability to change investments options at any time and no surrender fees. A $300k investment may provide $22k earnings after 8 years but leaving it in the s&p would earn $500k. It is highly complex and Allianz has horribke customer service.
Just invest in vanguards voo S&P 500 and don’t touch it for 10 years. You’ll never ever see the “bonus”. Unless you die. Even then, that money earns nothing for 5 years. Nothing. The additional cost is extremely low earnings, sometimes 0. Surrender fees if you wish to withdraw the money. It benefits only the salesman with high 😊commissions. Stay far far away.
Allianz surrender IRA process.. Allianz annuity withdrawal process? I submitted a withdraw via online four days ago for full surrender regarding my contract with Allianz. I checked the status today and it says “ CLOSED- Not processed” is this normal? Did they cancel my surrender on something? Or is it still under review?
This annuity is not a good investment. Beware. High commissions, low returns. You are better off in a savings account paying 5%. It’s liquid and pays over 4% more per year. Lifetime payout is unclear. No interest accrues to heirs who wait 5 years to get the max payout. 5 years no gain! No way.
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Darryl, Thank you for this video explaining the Allianz 222 annuity. I also appreciate the phone with you today and for answering my questions about this annuity. Thanks
You are welcome!
Stan Annuity man says that bonuses are like candy for the stupid
I appreciate that, because let’s think about it at 35% bonus plus a 5% commission on $400,000 equals $160,000 on day one
Just think about that
Yes, they hide it really well through a series of years
But still as Stan the Annuity man says it is just candy for the stupid
He is not super wrong
a little confused on where you got 35%, 16.19% and 10.52% for Compound AVG Return? Please explain
actually definitely confused by all the compound avg return numbers. lol
@@torresMPCT the average annual return on Allianz 222 is 0-3%., with 5% being the very highest. There is never anything close to 10%. Definitely not 35%. 35% would be rare even after 10 years! The bonus amount is a total scam unless you die but even then because no interest accredits during the 5 year payout that accounts for any “bonus”.
annuities are a rip off
I like it, you said there are other people that die younger, and that's a good thing, not to that guy, lol. Anyway, I have a problem with how the fees are structured 1% each year and then you get hit with that 10% fee when you start collecting, it seems so complicated.
Nationwide is not a good company. After 6 years I'm looking at Allianz because of Nationwide.
Do not bother with Allianz. It is a horrible investment. You are far far better off investing in a low cost etf with full
Liquidity, the ability to change investments options at any time and no surrender fees.
A $300k investment may provide $22k earnings after 8 years but leaving it in the s&p would earn $500k.
It is highly complex and Allianz has horribke customer service.
Just invest in vanguards voo S&P 500 and don’t touch it for 10 years. You’ll never ever see the “bonus”. Unless you die. Even then, that money earns nothing for 5 years. Nothing.
The additional cost is extremely low earnings, sometimes 0. Surrender fees if you wish to withdraw the money. It benefits only the salesman with high 😊commissions. Stay far far away.
Allianz is a bunch of crooks !!! 😡
Allianz surrender IRA process..
Allianz annuity withdrawal process?
I submitted a withdraw via online four days ago for full surrender regarding my contract with Allianz. I checked the status today and it says “ CLOSED- Not processed” is this normal? Did they cancel my surrender on something? Or is it still under review?
This annuity is not a good investment. Beware. High commissions, low returns. You are better off in a savings account paying 5%. It’s liquid and pays over 4% more per year. Lifetime payout is unclear. No interest accrues to heirs who wait 5 years to get the max payout. 5 years no gain! No way.
With some annuities you are correct. With others - you are not 😜
@@TheRetirementGuyYT I am correct with Allianz 222. This is the terms of the annuity.