An international bank account is always a good idea, particularly if you live, work, invest, or own property abroad. It allows you to control your money wherever you are on the globe, and it is your key to international investment opportunities. Even if you put a few thousand dollars in a non-U.S. bank, you still have the opportunity to take advantage of several key benefits of offshore banking.
Most people think that Social Security is “set-it-and-forget-it”: Once you start up your benefits it’s a “done deal” from there on. Unfortunately, most of us “set-it-and-forget-it” without first understanding how the program works. The result is usually a costly loss in cumulative lifetime benefits. Yet our initial claim doesn’t have to always result in a “done deal”: This is a mistaken impression that leads to all manner of errors...and loss in benefits.
It seemed to be a magical evening on the beach. My wife, Susan, and I decided to find a place to sit in the sand to watch the sunset. As we settled in, a couple of friendly dogs that probably belonged to local surfers, joined us. Soon people were coming from everywhere to find their little piece of real estate to watch what was turning out to be a beautiful sunset in Montanita, Ecuador during our first full week of a three-month visit to this amazing country.
Working my way through the busy marketplace exploding with vibrant colors and bustling with locals carrying out their daily grind, my heart swells with content. Not a day goes by that I am not grateful to live in such an interesting and friendly place that is so full of life. I have become so accustomed to the laissez-faire lifestyle of Tarija in Bolivia, that I could never return to the rat race.
After 35 years in soggy Seattle, Pat and Russ Huber were ready for a drier, warmer climate. They thought that Santa Barbara, California, close to friends and family and with much improved weather, would be their solution. They sold all their stuff, putting only a few things in storage, loaded their car, and headed south, looking forward to their new lives. But after about a year in California, Pat encountered a major medical issue.
San Diego native Robert Quartiano, 63, started his work life at 18 as a commercial fisherman in Oregon. At 40, he thought he was getting a little old for the job so he went to school and became a registered nurse. Nineteen years later, at 59, Robert decided to retire early.
If you’ve been keeping up with the stories about the Panama Papers in the mainstream media recently, you’d be forgiven for equating the word “offshore” with tax evasion, money laundering, and other criminal behavior. But there’s one small detail the media isn’t disclosing: The vast majority of the individuals whose confidential financial data was stolen weren’t doing anything illegal. According to the International Consortium of Investigative Journalists (ICIJ), which coordinated the review of the documents, more than 320,000 offshore entities appear in the leak.
Selfishly, I thought that nobody knew about the beautiful, cultured, artsy Spanish city of Girona and that I could keep it as my secret place. But it’s impossible to keep a place like this under wraps. I fell in love with Girona and moved here in 2012. This charming, fun, easygoing city checked all my boxes. I can walk or cycle everywhere through beautiful streets that are full of history.
In many of the world’s best retirement havens, embracing a healthier lifestyle just comes naturally. And it’s easy to see why. With warm weather year-round, it’s easy to get out and about whenever you feel like it. Abundant fresh air fills your lungs with each breath. With everything you need within walking distance, many expats can get by just fine without a car. And those extra yards you walk each day add up to a shrinking waistline over time. Lower costs make it much easier to eat healthily, too.
Millions of baby boomers qualify for a valuable Social Security claiming option that can provide them as much as $63,336 in extra benefits...yet they don’t know it. In fact, the great majority of working couples, where one or both spouses reached age 62 on or before January 1, 2016, can still make use of this unusual strategy.