Asset Protection Using Swiss Annuities
Saving for a secure retirement has never been more difficult. U.S. taxes severely penalize savings, and efforts to cut taxes on savings are routinely derided by economically ignorant politicians as "giveaways" to the rich.
And if you still manage to put money aside, despite punitive taxes, where do you invest it? Banking systems are tottering in both the United States and Japan. Nor can insurance companies
necessarily be trusted anymore - as anyone who bought annuities from California's First Executive Life can bitterly attest.
And even if you manage to save and invest successfully, a third barrier looms between you and secure retirement - a lawsuit could easily wipe out everything you own. In the United States, especially, anyone who looks like he might have money is at risk of being victimized by a frivolous or vengeful lawsuit - with potentially devastating consequences.
If all this makes a secure retirement sound like an impossible dream, take heart. There is a way that you can save on your taxes and protect your hard-earned assets against seizure by creditors. Not only can you avoid the kinds of risks that brought down the customers of First Executive Life, but you can protect against the ravages of inflation as well.
Best of all, it's a totally private form of investment. Absolutely nobody need know about it -- not the government, your nosey mother-in-law, or even the hostile lawyer you may someday have the misfortune to confront.
This amazing form of investment is the Swiss annuity.
And if you're worried about inflation, you can denominate your annuity in Swiss francs. One cumulative result of follies in Washington, D.C. is that the U.S. dollar has lost 90% of its
purchasing power since 1949.
In contrast to the U.S. dollar, Swiss currency is still substantially backed by gold. Thus, the Swiss franc is the world's sweetheart currency. Its value has risen from US$0.23 in 1971 to over US$0.80 in 1995.
This sort of financial conservatism is also your guarantee against the sort of catastrophe that ruined customers and policyholders of U.S. insurance companies that went belly up in the 1990s. In the 130-year history of the Swiss insurance industry, not one company has ever closed its doors or failed to meet its obligations.
A Swiss annuity also offers excellent asset protection. Under Swiss law, an annuity cannot be seized by any court-ordered collection procedure instigated by creditors. So even if you
were to become a victim of a lawsuit in litigious North America, your creditors could not enforce a judgment against your annuity in Switzerland.
Of course, one way to avoid being sued in the first place is to avoid looking like an attractive target. Remember, lawyers typically take these cases on a contingency basis. So you have to look like your pockets are deep enough to make it worth their while.
If you don't look like you have a lot of money, you have virtually nothing to worry about. No fee-hungry lawyer will waste his time trying to squeeze blood from a stone.
Unfortunately, there is no financial privacy at all in the United States today. Any insurance salesman, Treasury agent, credit-rating agency employee or private investigator worth his salt can find out virtually to the last penny exactly what you've got and what you owe.
A Swiss annuity, however, may be one of the world's few remaining totally private investments. Nether the fact that you own an annuity nor the earnings gained from it will be reported by Swiss insurance companies to the U.S. government or any foreign authority.
U.S. citizens are required to report their ownership of foreign financial accounts - such as bank and brokerage accounts - to the Internal Revenue Service if the sum of the accounts
totals $10,000 or more in any calendar year. Swiss annuities, however, are legally exempt from this reporting requirement, because they are not a bank or brokerage account.
A single-premium Swiss annuity combines the privacy of Swiss banking with the safety of an annuity.
Another advantage is that there are no up-front fees. So all the money you put in goes to work right away. Furthermore, you can withdraw your funds at any time. (You are, however,
subject to a withdrawal fee of SFr500 if you cash out before the end of the first year.)
Profits earned in your Swiss annuity are free from Swiss taxes. And under U.S. law, corporate pension plans, Keoghs, or Individual Retirement Accounts (IRAs) can be invested or rolled over into Swiss annuities. The minimum investment required for Swiss annuities is $20,000.
Swiss annuities are one of the best investment vehicles you can find if you value safety and stable returns on your capital.
For more information, contact:
- JML Jurg M. Lattmann AG
- Swiss Investment Counsellors
JML Swiss Investment Counsellors is an independent group of financial advisors. Since 1974 they have specialized in Swiss franc insurance, gold and selected Swiss-bank managed investments for overseas and European clients. The group serves over 20,000 clients worldwide with investments through JML of more than 2 billion Swiss francs. Their services are free of charge to you because they are paid by the renowned companies with which you invest your money. The commissions and fees of these institutions are standard, and all transactions are subject to strict regulation by the Swiss authorities.
All of their staff are fluent in English, and understand the special concerns of the international investor. They know about all the many little details that are critical to you as a non-Swiss investor, and have answers to your tax questions and other legalities.
A lot more information on Swiss investing and annuities is available at
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