The U.S. government is at war…with itself. All across America, government institutions have shut down, leaving just a skeleton staff to man the country. The doors of national monuments, including the Statue of Liberty, America’s greatest and best-known symbol of freedom and the American Dream, clanked shut last Monday…leaving the workers at those monuments adrift in a sea of uncertainty.
You’ve likely seen the troubling news already about the financial effect this government tit-for-tat is having on those State employees, holders of “secure” government jobs.
With no end to the shutdown in sight, I can’t predict who’ll be next.
There’s a hard lesson to be found in this story, the latest example of why you can’t rely on the government for your financial future.
Don’t misunderstand me. I’m not asking you to pick a political side in the current mess. (At IL, we have no particular dog in this fight.)
What I’m asking you to do is to take a pragmatic approach to securing your financial future. How best to do that? By exploring your financial options overseas.
If you think that offshore banking is the preserve of the rich, you’ll learn this week (in a special series of essays) that’s not so. Going offshore is something anyone can do…and is an easy and effective way to reduce your taxes, grow your nest egg and protect your financial privacy.
If you believe there’s something dubious about moving your accounts offshore, allow us to reassure you. Despite what you may have heard, offshore activity is not criminal. Protecting your finances…whether that be through holding a foreign bank account, for example, or owning property overseas…is entirely legal.
Yes, the government needs to find the funds to pay off the deficit, in increasingly aggressive ways. But you have options.
If you take part or all of your assets offshore—which is your legal right—you deny others the opportunity to attack what’s yours.
And if you’re thinking about retiring overseas, the right offshore strategy can make that easier… In several of the best retirement destinations worldwide, including Panama, Uruguay, Ireland, and Belize, that approach could entitle you to a second passport…and open up a whole new world of travel and investment opportunities.
Remember, you can’t rely on anyone else to see you through to a happy, financially comfortable retirement. You need to make sure you have a plan in place…so that your retirement funds—and the legacy you leave your loved ones—are protected.
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