While Swiss banking often gets the spotlight (for reasons both bad and good), its other financial institutions and insurance companies offer a broad range of services that, in some cases, approach the flexibility of a bank account. In the entire history of Swiss insurers, no life insurance company ever has failed to meet its obligations or been forced to close its doors.
By now, it's old news that the American National Security Agency (NSA) is stealing, storing and searching nearly every email you send, every website you surf, and every telephone conversation you have. Revelations about a massive program of clandestine data collection in collaboration with Internet and email service providers have come thick and fast.
In Nicaragua, you'll find some of the most dramatically beautiful Pacific coastline...anywhere. And in one development I've visited, there are five beaches, 2,700 acres and more than two miles of coast.All of those beaches have their own unique character and appeal. Each has different colored sands: white, tan and even pink. Some have flat waters for swimming or waves for surfing.
You'll find one of the most stunning areas on my beat on the southern edge of Mexico's Riviera Maya. Its white-sand beaches, ancient ruins, white-bottomed lagoons, nature preserves, caves and cenotes (underwater caves) make it stand out—so much so that vacationers and expats are increasingly flocking here. But despite its growing popularity, there is still a window of opportunity on Mexico's Caribbean coast.
Today, I want to tell you about a part of Costa Rica that is still a secret to most of the outside world. This place is called the forgotten coast because it is the least discovered and most unexplored region in Costa Rica. For years, tourists have flocked to the country's Pacific coast and business has gravitated to the capital city, San Jose. Most people overlooked Costa Rica's Caribbean coast. For the handful who traveled there, they found first-class beaches, verdant jungle canopies and undervalued real estate. It's easy to reach too... You can get here in less than two hours from San Jose on a new, modern highway.
By now, you know that I advocate acquiring dual citizenship. Dual, even multiple citizenship, for Americans has been upheld as a legal right by the U.S. Supreme Court in several cases. A second passport is solid insurance against tyrannical government. And although Switzerland has been smeared as a haven for tax dodging and money laundering, of all passports, the Swiss is one of the best. It offers visa-free travel to many countries. However, acquiring Swiss citizenship is difficult, usually requiring years of residence to qualify, and even then may be subject to local canton approval.
Tucked away 150 miles east of Puerto Rico, you'll find one of the Caribbean's most beautiful jurisdictions—St. Kitts and Nevis. St. Kitts is the larger and more populous island, but I prefer the less hectic pace of life in Nevis. With densely forested mountains, brilliant tropical flowers and crystal-clear waters, there's plenty of reasons you'd want to own a home on Nevis.
Panama has numerous different options that provide great benefits when it comes to securing residence in this tropical paradise. When it comes to the “Special Benefits of Retirees,” Panama does more for both its local and foreign retirees than any other country on the IL radar.
You’re considering an international lifestyle. You have a shortlist of overseas havens and you’ve set the date next year when you’re going to make the move. Along with your other research, thorough tax planning can help you save money and avoid hassle. Here are the three things I always talk through with prospective expats...
If, like many Americans, your greatest source of personal wealth is in your IRA, you may be wondering how to best utilize that investment to safeguard it and watch it grow. You’re not alone. Concerns about the stability of the U.S. dollar have generated a greater interest in all manner of offshore investments—foreign real estate in particular.