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Louis F. Petrossi’s success as a businessman has led him to become an internationally respected speaker and writer.
Over his more than three decades in the financial services industry, Louis F. Petrossi has served in a wide variety of roles, including as a Certified Financial Planner, a broker-dealer principal, a state and tax planning consultant, a money manager, and a Registered Investment Advisor. Currently, Mr. Petrossi works as the head of the Wealth Research Institute, an entity he founded to research and analyze investment opportunities. Mr. Petrossi seeks to provide affluent clients—which include individuals, families, and business entities—viable opportunities to augment their financial means and secure their futures. Through the Wealth Research Institute, he offers money management services, private and Swiss annuities, as well as venture capital. A believer in the notion that individuals should pursue investing in order to improve their quality of life as well as secure a comfortable retirement, Louis F. Petrossi travels to global investment seminars in order to present his innovative concept on personal finance management, the Eight Pillars of Wealth. Through Mr. Petrossi’s Eight Pillars of Wealth, individuals can learn how to accelerate and maintain their financial independence. Louis F. Petrossi is also a renowned speaker and lecturer, and has delivered major talks at events also featuring such prominent industry leaders and public figures as Newt Gingrich, Alan Greenspan, Henry Kissinger, Sir John Templeton, Jim Kramer, Mark Mobius, Jim Rogers, and Larry Kudlow, among many others. Mr. Petrossi is also the author of The Best Ways to Build Wealth—The Power of Pre-IPO Stocks and How Ordinary People Became Millionaires. He is also the publisher of the Petrossi Investment Report. Louis F. Petrossi holds a Bachelor of Arts in Business and Master of Business Administration from the University of Hartford. He currently resides in Reno, Nevada.
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Types of Annuities
, Louis F Petrossi 's Blog on Bigsight
September, 2011
As a money manager advisor and founder of the Wealth Research Institute (WRI), I practice on behalf of clients financial principles that allowed me to reach millionaire status in less than three years. At WRI, we stress a diversified asset allocation approach, utilizing a number of distinct money management and annuity products held in various entities and structures. We tailor these to meet clients’ specific goals, personal situations, and risk-exposure preferences.
One widely used product available to clients is the private annuity, which offers the distinct advantage of tax deferral until the year’s benefits are received. Taxes are deferred on not only the invested principal, but also any principal growth and earnings accrued. Many private annuities are structured to offer flexibility in investment choices, and investors can borrow against annuities should the need arise. Private annuities also offer substantial estate planning advantages. Under this type of annuity, a client’s death removes tax considerations on the remaining principal. The funds are disbursed to the named beneficiaries tax free within the arranged insurance program. This presents a valuable strategy for wealth transfer, allowing WRI’s affluent clients to avoid exorbitant inheritance taxes that would otherwise cause a significant drain on family assets.
WRI also offers expertise on Swiss annuities, which are distinct from private annuities. Safe and time-tested, Swiss annuities require the payment of an initial IRS excise tax, based on total amount transferred, upon purchase of the annuity. Notably, this excise tax is not levied on private annuities. Additionally, management fees are greater than with private annuities, with annuity taxes due on all capital earnings and growth on a yearly basis. This lessens the total earnings potential of the annuity portfolio, which would otherwise benefit from compounded gains through tax deferment. Another limitation of Swiss annuities is that, while they allow investment in gold, they do not allow clients the same overall flexibility in investment placement as traditional annuities. Despite these drawbacks, Swiss annuities are an important part of many clients’ portfolio management profile. For specific allocation strategies regarding private annuities and Swiss annuities, consult an experienced investment advisor.
About the Author:A financial speaker on Fox Business radio, Louis F Petrossi regularly presents at global investment conferences such as FreedomFest’s World Economic Summit.
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