chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
I have made several Annuity posts.... I am not an annuity shill...
I am approaching FIRE and just seeking information and learning about how to build a solid income strategy. So hold the slings and arrows.
Someone mentioned Swiss Annuities. I took a quick look out of curiosity.
Here is a pamphlet on the topic. I cannot vouch for its accuracy.... caveat emptor! But since I found it I thought I would put up a link for others who might be researching annuity options.
This document is the International Edition.
It looks like the US [compliant] edition can be purchased here.
http://www.yourshop.biz/swissannuity/
Here is a document that is targeted at American Nationals. But it looks like it is from some sort of insurance agency.... might just be marketing lit!
http://gonthiergroup.com/images/pdf/IntlInvestUSprint5.pdf
According to one web site, fixed (swiss) annuities are not tax deferred on the accrued income.
Tax Treatment given to Swiss Annuity
It appears that some of the fixed products can be available in other currencies.
Swiss Fixed Annuity Plan - Tailored for Growth and Safety
Are Swiss Annuities legit? If so, are they a good idea or just a potential complication that is not needed? For example tax issues with the IRS... Or do they offer an effective approach to hedging against the U$D?
Here is an interesting article. :
http://www.financialadvisormagazine...eatures/4679-a-consumer-friendly-annuity.html
I am approaching FIRE and just seeking information and learning about how to build a solid income strategy. So hold the slings and arrows.
Someone mentioned Swiss Annuities. I took a quick look out of curiosity.
Here is a pamphlet on the topic. I cannot vouch for its accuracy.... caveat emptor! But since I found it I thought I would put up a link for others who might be researching annuity options.
This document is the International Edition.
http://www.swissannuityconsumerbureau.ch/images/ConsumerGuideSwissIntl.pdfThis edition of The Consumer’s Guide to Swiss Annuities™ is not intended for use
by American nationals or residents. Some products and product options covered in this
edition are not compliant with US tax and securities law. The publisher has available
an edition of The Consumer’s Guide which is US compliant.
It looks like the US [compliant] edition can be purchased here.
http://www.yourshop.biz/swissannuity/
Here is a document that is targeted at American Nationals. But it looks like it is from some sort of insurance agency.... might just be marketing lit!
http://gonthiergroup.com/images/pdf/IntlInvestUSprint5.pdf
According to one web site, fixed (swiss) annuities are not tax deferred on the accrued income.
Tax Treatment given to Swiss Annuity
It appears that some of the fixed products can be available in other currencies.
Swiss Fixed Annuity Plan - Tailored for Growth and Safety
Are Swiss Annuities legit? If so, are they a good idea or just a potential complication that is not needed? For example tax issues with the IRS... Or do they offer an effective approach to hedging against the U$D?
Here is an interesting article. :
Swiss fixed annuity is a debt instrument, that is, a “promise to pay a sum certain,” in addition to being an insurance contract. Accordingly, the owner of a Swiss fixed annuity (as well as other foreign annuities that are seen as debt instruments) pays tax on the income that accrues, including currency gains if the annuity is denominated in a foreign currency.
http://www.financialadvisormagazine...eatures/4679-a-consumer-friendly-annuity.html