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5 recent reviews
Sun Cities Financial Group
Posted on 3/21/2022
Be very careful.
Sun Cities Financial Group had an ad the Las Vegas Review-Journal on March 5, 2022. The ad was for a six-month FDIC insured deposits at 3.6%.
I contacted Sun Cities. I asked Sun Cities if there was a limit on the amount of funds subject to the 3.6%. Sun Cities replied "No". I asked for the necessary documents to be emailed to me. Sun Cities insisted that we meet in the Sun Cities office. I set an appointment with Sun Cities.
After reading some online reviews of Sun Cities, I called Sun Cities. Again, I asked Sun Cities if the dollar amount subject to 3.6% was limited. Sun Cities gave me an ambiguous answer. I was not able to get a clarification from Sun Cities on any dollar limitation on the 3.6% deposit.
One business day before my meeting at Sun Cities, Sun Cities called me. Sun Cities told me that the 3.6% deposit was limited to $15,000, but Sun Cities had other high yielding investments. I asked Sun Cities if those investments were annuities. "Yes". I have no interest in annuities. I cancelled my appointment.
Be careful with Sun Cities.
Jim, CPA, MBA
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Posted on 3/15/2021
Can I give zero stars?
I agree with the others. Dan Lahey should not be trusted.
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