Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Annuities

Annuities – what they are, how they work and how to choose the best type of Annuity

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Swiss-annuities

The End Of Swiss Annuities

July 1, 1998

Ever so quietly, the IRS ended the tax benefits of most Swiss and other foreign annuities. The deed was done through a set of regulations designed to end some “retirement certificates of deposit” issued by a few banks. These CDs were designed to earn tax-deferred interest while being guaranteed by the Federal Deposit Insurance Corporation. […]

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