About JD Annuity

Brought to you by Joshua Mellberg, founder and CEO of J.D. Mellberg Financial, JD Annuity claims to help their clients achieve financial safety through hybrid (also known as indexed) annuities that can provide them with the highest cash flow and purchasing power during their retirement years. In fact, JD Annuity claims to help provide retirees with “guaranteed money for life.”

In order to accomplish this, JD Annuity claims to work one-on-one with their clients to figure out the least amount of money they need to put into a guaranteed insurance contract in order to pay them money for life. You’ll simply need to tell them when you want to retire, and they will walk you through the “best of breed” contracts that will pay you the highest level of cash flow, while providing increasing income over the years. In other words, JD Annuity claims to provide you with a customized strategy that’s uniquely designed for you.

According to JD Annuity, they’re among the top 1% of financial advisors who have access to proprietary contracts with highly rated financial institutions, which can provide you with 20% to 40% more income than the leading competitors.

You’ve worked hard all these years, and now that retirement is approaching, you want to make sure you can maintain your current lifestyle after you retire. But is JD Annuity the best way to accomplish this? Consider the following:

Who is Joshua Mellberg?

Joshua Mellberg is founder and CEO of J.D. Mellberg Financial, a financial services company based out of Tucson, AZ that’s been in business since 2000, and specializes in proprietary retirement income strategies to help individuals maintain their current standard of living long after retirement. Joshua is a Registered Investment Advisor, is licensed in all 50 states, and regularly gives presentations on retirement and investment planning.

What is an Annuity?

According to QuickAndDirtyTips.com, “an annuity is an agreement in which you make one or multiple payments in exchange for receiving a set amount of income for a period of time.” And overall, there are three primary types of annuities:

  • Fixed – Provides a guaranteed, fixed income, regardless of the financial markets.
  • Variable – Provides a guaranteed minimum income, which can increase depending on the underlying investments you tie the annuity to, such as stock or mutual fund performance.
  • Indexed (or Hybrid) – This is the annuity type advertised on JD Annuity’s promotional video and websites, and pays out based on the performance of an economic index. This may offer the best of both worlds, since you’ll receive a minimum guaranteed payment, but that can increase when the market is flourishing.

What Are the Pros & Cons Related to Annuities?

Annuity Pros

Nearing Retirement – If you’re nearing retirement but have realized that you may not have enough money to maintain your lifestyle once you’ve quit working, annuities can help you catch up.

Tax Benefits – The money you use to fund your annuity is not taxed, although your earnings will be taxed at the same rate as traditional income. This means your money can continue compounding.

Contribution Limits – With annuities, you can contribute an unlimited amount of money per year, unlike IRAs and 401(k)s.

Annuity Cons

Commissions – All annuities brokers will charge a fee for their services, which can cut into your overall profits (we’ll talk more about this in the Pricing section).

Charges & Fees – While some annuities allow you to maintain control over your money, most include clauses that stipulate you can’t withdraw your money for several years, although this percentage usually decreases over time until it’s reached zero after 7-8 years. However, annuity fee structures can be complex, so you’ll definitely want to speak with your JD Annuity advisor before making a decision.

Continued Payments – Some annuities allow you to name a beneficiary (such as children or your spouse) after you pass away, while others simply dissolve and the holding company retains the balance. Even if you find an annuity that works from a financial perspective, you’ll also want to verify if beneficiaries can be named.

Research the Company – If the company you have an annuity through goes out of business, your annuity (and the significant investment it represents) could go with it. Because of this, you’ll likely want to limit your options to companies that have an A+ or AA- (depending on the rating scale you’re looking at) or better.

In order to figure out if annuities are right for you, JD Annuity recommends downloading their no obligation special reports titled “Is An Annuity Right for You?,” the “#1 Mistake Retirees Make When Investing In the Stock Market,” and “JD Signature Annuity Strategies.”

Are JD Annuity’s Customers Pleased with Their Experiences?

Overall, it appears that JD Annuity has a very positive online reputation with customers.

J.D. Mellberg Financial has a 9 out of 10 rating on TrustPilot, based on 120 reviews (as of 3/5/15), with common compliments citing knowledgeable and professional staff, lack of high-pressure sales tactics, and that representatives are focused on helping you learn the best options for your specific situation.

On the other hand, the few complaints listed there appeared to revolve around annuities that were purchased and did not meet the clients’ needs, and much lower returns than promised. It’s also important to note that nearly all TrustPilot reviews were posted from accounts where this was their only entry.

The company also holds an A+ rating with the Better Business Bureau, with just 1 closed complaint over the past 3 years, although the details of this complaint were not made public.

JD Annuity Pricing & Fees

While there are no specific prices or fees listed on the JD Annuity website, the company claims that they typically charge less than 1% in fees, and will maintain full transparent during the process. In addition, the company claims their annuities can provide a return of up to 8%.

However, keep in mind that these numbers can vary greatly depending on the product(s) you choose.

In order to discuss annuities or to learn more about JD Annuity’s fees, you’ll need to call a representative at 877-335-5632.

Other Low-Cost Annuity Options

While the low fees charged by JD Annuity are certainly a bonus, keep in mind that according to CNN Money, “Some investment companies sell annuities without charging a sales commission or a surrender charge. These are called direct-sold annuities, because unlike an annuity sold by a traditional insurance company, there is no insurance agent involved. With the agent out of the picture there is no need to charge a commission. Firms that sell low-cost annuities include Fidelity, Vanguard, Schwab, T. Rowe Price, Ameritas Life, and TIAA-CREF.” In other words, you have options and it’s up to you to fully explore them.

Will JD Annuity Help You Live Better During Retirement?

Chopping to the point: In short, this largely depends on how close you are to retirement, as well as your current financial situation. And while annuities can be a very good investment tool, it will be up to you to do your due diligence and make sure that an index annuity is right for you.

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4 Customer Reviews for JD Annuity

Average Customer Rating: 1.0
Rating Snapshot:
5 stars: 0 4 stars: 0 3 stars: 0 2 stars: 0 1 stars: 4
Bottom Line: 0% would recommend it to a friend
Showing 1-4 of 4
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  • 15 out 21 people found this review helpful

    85 year old parent

    My 85 year old parent received three calls from JD Mellberg, all within five minutes of another.

    Each of the messages went to my parent's voicemail. The caller claimed my parent contacted them for advice (Which never happened).

    The message caller ID was different every time. One stated it was a Law office, the other JD Mellberg and the other was Senior Annuity. All of the telephone numbers are traced back to JD Mellberg.

    CNBC advertises for them. Are you kidding?

    I am staying FAR away from JD Mellberg !!

    Bottom Line: No, I would not recommend this to a friend

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  • 47 out 51 people found this review helpful

    Stalked by Telemarketers

    • San Marcos, CA,
    • Nov 11, 2015

    I was stalked by telemarketers night and day from this company after listening to a CNBC commercial. Fortunately, I finally figured out how to block them. The telemarketers even lied by saying that they were following up after I received their information on annuities, which never happened.

    They were very tacky and unprofessional and I could tell that they were dialing from a call center. Who would ever trust their money with a organization like this?

    Bottom Line: No, I would not recommend this to a friend

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  • 45 out 51 people found this review helpful

    Lied about urgency

    • Houston, TX,
    • Nov 2, 2015

    I got a call from one of their reps today and he said that insurance companies are going to reduce their rate of return on annuities by 10 to 12% before the end of the year. Think about it, if they lower the rates by 10 to 12% on a product that on average earns 8% then annuities would not be worth purchasing. I told him he shouldn't make false claims in order to push his products. They won't be getting my business.

    Bottom Line: No, I would not recommend this to a friend

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  • 71 out 73 people found this review helpful

    JD Signature

    • Cameron Park, CA,
    • Sep 8, 2015

    I signed up on the web to obtain 2 booklets and a DVD. The offered clearly states: “GET YOUR FREE COPIES NOW, Fill out the Form Below and We'll Send Your Set”.

    They will NOT send you anything unless you answer personal financial questions. This is a bait and switch. They tell you that they will not send you the promised information unless they determine your suitability. This is not stated anywhere. This is false advertising.

    I do not and will not ever use this company because they started off with false advertising.

    This occurred on 9/4/2015 at about 8:30 am from phone 530-568-5xxx from Mount Shasta, CA

    Bottom Line: No, I would not recommend this to a friend

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    • Dec 16, 2016

      Some guy

      Chuck, why would you want information on a product that isn't suitable for you? Did you think it was a library? Are you bored?

      A financial service company that wants to understand your suitability is a smart one. Why waste your time on it if you're not?

      You saw an ad; they are selling something. Would you trust a financial organization that is willy-nilly with their own finances? Think, bub.

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