Swiss annuities are quality investment products from the Swiss insurance industry. They are usually denominated in Swiss francs. Swiss Annuities are profitable investments that provide excellent asset protection.

There are unique features associated with Swiss Annuities. If you’re interested in investing in Swiss annuities, you should become familiar with Swiss Annuities IRA Rollovers.

First of all, an “IRA” is a retirement account that gives you the opportunity to contribute a limited annual sum towards your retirement, which also allows taxes on the interest earned to be deferred. Basically, an IRA rollover refers to when you transfer funds that are already in a pension or profit sharing mode into an IRA. The IRA rollover enables the funds in your employers’ retirement plan to be free from income tax.

There are two different types of IRA rollovers, direct and indirect IRA rollovers. A direct IRA rollover usually occurs when a trustee of your employer’s plan transfers your funds to your new IRA trustee directly. On the other hand, an indirect rollover occurs when the trustee of your employer’s plan sends a direct check for the funds to be transferred to you. U.S. tax law permits the employer to withhold 20% of the funds while it is forwarded to the IRS. You’ll then have 60 days to transfer the funds you received into the IRA, if not; it will become a taxable income. It’s usually advisable to use the direct IRA option other than the indirect mode. You should only use the indirect system if your employer insists on it.

Meanwhile, there are other pieces of information that you should be familiar with concerning Swiss Annuities Ira Rollovers. There are specific circumstances where you may be taxed on an IRA rollover. You can always know more about this when you locate an agency or company that can assist you with additional information on Swiss annuities. If you’re interested in Swiss annuities and are seeking professional advice, Gonthier Group SA can provide you with additional information. Gonthier Group SA is your reliable partner when it comes to Swiss Annuities and IRA Rollovers. This company can offer you the latest professional advice and information concerning Swiss annuities.