Category "Offshore Investments"

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How to Store Your Gold Offshore

Most people are now aware that foreign financial accounts are reportable to the IRS under FATCA. Both you and the foreign financial institution are obligated to report the details of any offshore banking accounts if their aggregate value exceeds certain thresholds.

Three Ways to Liberate Your IRA

Here’s how it works. By law, all IRAs must have a U.S.-based “custodian” who’s responsible for safekeeping your IRA, keeping records, processing transactions, filing IRS forms, and other administrative duties. Most of the big custodians simplify things for themselves by offering a standard menu of U.S. securities and bonds. But there’s nothing to stop an IRA custodian from offering offshore investments, real estate, private mortgages, precious metals … and much more. In essence, some custodians allow you to manage your own IRA.

A self-directed IRA is just like a conventional IRA: tax-deductible contributions; no tax on earnings; distributions are taxed as ordinary income. The difference is that a specialist IRA custodian permits you to actively choose its investments.

Escaping Serfdom

There is a further benefit to living in a low-tax jurisdiction that tends to become apparent over time. Any government that depends on major offshore investments must, of necessity, be non-intrusive and non-invasive. Such a government stays out of people’s business, eschews electronic monitoring and most certainly is not given to SWAT teams crashing down doors for imagined wrongdoing.

Benjamin Franklin famously said, “Nothing can be said to be certain, except death and taxes.”

A Sneaky Way to Grab Your Retirement Savings

With an $18 trillion debt and $97 trillion or so in unfunded liabilities, Uncle Sam is anything but flush with money. So Congress and President Obama are looking for ways to stem the flow of red ink. And your retirement or pension plan is square in their sights. I know what you’re thinking…asset protection!

Gold: It’s Time to Buy

I’m what people call a “contrarian” investor. I tend to buy assets that are out of favor with the chattering classes and the talking heads on television.

And I make it a point to sell when the “man in the street” starts giving me investment tips. That happened most recently in 2011, when over a glass of Malbec at a local watering hole, I overheard two other patrons talking about the “killing” they were about to make buying gold at $1,800 an ounce. I sold all but my core position the next day.

Dual Citizenship Simplified

How to get second passports, citizenship by offshore investment and other multiple-citizenship solutions that don’t break the bank.

Trying to figure out how to legally obtain a second citizenship and passport?