Fred Flores CPA

"Working with Fred over the past several years has not only helped our business greatly, but we can always look to him for advice. His knowledge as not only a CPA, but also as a real estate broker is a great combination that is rarely found. Most importantly, Fred is very easy to speak with."

Peter Garcia, Garcia Properties

"Fred's knowledge on budgeting, payroll and taxes has been invaluable. Much of our success we attribute to Fred and we're confident our practice will continue to grow over the years with his guidance."

Dr. Manuel Molina, Cambridge Family Dental

The Problem with Annuities

Posted by .(JavaScript must be enabled to view this email address) on 06/05 at 01:24 PM

The uncertainty of the stock market and the Fed lowering interest rates to combat the mortgage foreclosure problem many people are looking at annuities as an alternative. Is an annuity right for you? Annuities are sold by insurance companies as an alternative investment that often ensures a set return on your money, but there are disadvantages. Here are some important issues to consider before you invest. Sales commissions are paid out of your pocket, so ask how much they will be. There are often delays when requesting a payout, so if you are in a hurry to withdraw funds you may be out of luck. How long do you have to keep the annuity and can you cash in at any time? Many annuities charge a surrender fee when you cash in the annuity. How does the real rate of return compare with other investment products? Make sure and read the disclosures!

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