Scrolling through Yelp reviews for something else I decided to throw Decker Retirement into the search box. Being a client since 2016 , I was surprised at the negative reviews and have to respond with our experience.
Retirement planning has always been extremely important to me and having had experience with other firms, I was searching for something that made sense. Most of the firms I had dealt with all followed pretty much the same formula - put a portfolio together of index and bond funds - then re-balance quarterly - take a certain percentage of your portfolio out each year (ex:4%) - charge you a hefty fee for that service. I have been an active investor and trader for over 40 years and I know that formula is good for the advisor and bad for the client. First you don't need to pay someone to put a portfolio like that together and second and most importantly a portfolio strategy like that is a disaster in a down market and can quickly run out of money.
When we met with Brian, I immediately knew he was providing what I was after. A program that protects you in a down market and a steady stream of income. The planning was thorough and comprehensive. From designing a plan that optimizes income, tax reduction, equity growth and fee reduction.
The running complaint in these reviews seems to be about the use of annuities. I was reluctant at first having read the negative articles and to stay away. The insurance industry has a bad reputation and there are unscrupulous salesmen who push questionable products. Brian and his team only select the best products for your portfolio. Annuities provide a steady stream of income without touching the equity portfolio and the principle is guaranteed. Unlike bond funds which as of this writing are down 40-50%. Our annuity portfolio has performed as expected and, in some years, exceeded expectations. The other thing to keep in mind and I think this is what the negative reviews do not understand - annuities are not a replacement for equities. Even though they may be linked to an index - as Brian pointed out many times - these are like an enhanced CD with higher returns after fees. When we were putting our portfolio together, interest rates were approaching zero. The annuities were generating 4-5% after fees. He also includes CD's now that they are producing higher rates.
Another point about annuities that is misunderstood - including myself at the time, is commissions. This was also brought up in the reviews - 100% of the money invested in an annuity goes to work - commissions are paid by the insurance company that is why there is a penalty holding period. But they do allow 10% each year to be withdrawn penalty free.
I also wanted to comment on the Estate Planning complaint. We also needed Estate Planning; Brian was very helpful in pointing us in the right direction. They are not Estate Lawyers but they are a good source of advice. He reviewed our documents and made some suggestions to improve our plan based on his experience with clients. If you need Estate Planning, especially if it is complicated, you need to consult an attorney.
The risk bucket which holds equities uses a very conservative target for rate of return - it does not aim for home runs to make the plan work
We are now 5 years into retirement and Brian's financial plan is working perfectly - providing a steady stream of income that allows us to sleep at night while the markets go up and down.
Finally, I know my wife is in good hands in case something happens to me- that gives me a great piece of mind.
( I am an actual client and do not have any affiliation or financial ties with Decker Retirement) read more