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A friend told me this week that his parents are looking to move overseas for their retirement to save taxes. He recognizes but hasn’t been able to help them understand that that isn’t a realistic objective given their circumstances. My friend’s parents are retired government workers receiving government pensions. Pension income is not eligible for […]
A friend I caught up with last week in Medellin, an American, told me with a grin that he’d already completed and filed his FBAR for this year. He was pleased with himself for getting it in early…until I reminded him that, starting this year, the FBAR must be filed electronically. My friend had filled […]
One of the benefits of hosting conferences around the world is the chance they give me to spend focused time with key contacts in key markets. It’s at our conferences that I find out about ear-to-the-ground kinds of opportunities that usually don’t make it beyond a small circle of investor-friends. This week in Medellin, for […]
You should have an account with an offshore bank. That’s a fundamental step in any plan for diversifying offshore. How do you choose where to open your first (or subsequent) offshore bank account? Don’t try to base the decision on customer service, because, the sad truth is, finding a financial institution with consistently good customer […]
This past Sunday, the people of Panama elected Juan Carlos Varela Rodriguez to be their next president. Varela was behind in the polls until a couple of months ago but rallied in the end to beat out the other two main candidates (there were seven in total) with 39% of the vote. The question everyone […]
My son Jackson is in the French school in Panama, meaning he’s on the French calendar. He has a shorter summer (just two months, July and August) but four two-week vacations during the school year. It makes for a more manageable summer and allows for extended family trips throughout the year. Last week was Jack’s […]
A banker friend in Belize who speaks at many of the conferences my wife Kathleen Peddicord’s publishing group sponsors likes to ask the following question as part of his presentations: “What happens to your bank account (in Belize) if you and your banker, and only you and your banker, know about its existence…and you die?” […]
I’m getting a lot of feedback from people trying to send international wire transfers. A reader wrote this week to say: “I went to my bank branch to initiate a wire transfer on Monday. The teller had to call over the branch manager to help with the paperwork. Once the manager saw I was transferring […]
The first viewing was a one-bedroom, two-bath apartment with a den on Avenida Balboa. The den could be converted into a small bedroom to make the unit a two-bedroom. Why did the developer not package the property this way in the first place? Probably due to concerns over zoning density. Other apartments along Avenida Balboa […]
The developer is building homes in projects that are approved for the Minha Casa, Minha Vida program. That approval gives buyers access to
Offshore Living Letter is a publication of Live and Invest Overseas. Our goal is to provide timely, actionable information on all things offshore, including: how to go offshore, diversifying your portfolio, wealth creation, protecting your assets, and much more.
