Is This The Best Place for Americans to Bank?

Is This The Best Place for Americans to Bank?

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November 19, 2015

Not that long ago, you could buy a CD in a U.S. bank and get a decent rate of return…4% or 5% annually was typical. Sure, you wouldn’t get rich this way. But it was a safe and affordable way to build a nest egg. Today of course, times are very different. For nearly a decade, the Federal Reserve has kept interest rates at zero. And instead of paying 4% to 5% annually on CDs, now you’re lucky to get 1%.

Two Ways to Bulletproof Your Assets

Two Ways to Bulletproof Your Assets

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July 8, 2015

Why take your assets offshore with an international structure? Simple. It can make your assets virtually invulnerable to civil judgments. It can also protect you from risks such as civil forfeiture, exchange controls, repressive legislation, or political instability. It's more difficult for creditors to collect against international assets. No country automatically enforces U.S. civil judgments. Many countries don't enforce them at all. If you live in the States, a U.S. court can order you to repatriate your international assets. But if you've set up your structure properly, you won't have the power to bring the funds back. And that's a fantastic incentive for a creditor to settle the lawsuit.

How Going Offshore Can Save Your Retirement

How Going Offshore Can Save Your Retirement

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July 7, 2015

In 1986, I walked into the main Credit Suisse branch in Chicago and told the doorman I wanted to open a Swiss bank account. I was led to a private office overlooking the Chicago skyline and was asked for my minimum deposit. Being just 31 at the time, I played it conservative and started with just $2,000 (about $4,300 in today's dollars). I was asked to fill out a one-page form and provide a copy of my driver's license. I gave him a check and away I went. It took all of 20 minutes. In 1986, "offshore" was still exotic. It was something regular people didn't really do. How things have changed in 29 years.

In Pictures: The Loire Valley, France

In Pictures: The Loire Valley, France

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June 25, 2015

A flower-bedecked cobbled street winding down to the river. A heron lazily flapping towards its nest at sunset. The reflection of yet another fairytale chateau shimmering on the water. Forming a geographical border between northern and southern France, the Loire river transports you on a journey through one of the country’s most fascinating regions.

Little Belize Offers a Lot (Including Tax Advantages)

Little Belize Offers a Lot (Including Tax Advantages)

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February 14, 2015

Among other benefits, those in the program can import household goods and vehicles (cars less than three years old, a boat, or a light plane) tax-free within a year of approval. They are also exempt from paying any tax on income or investments generated outside Belize. The couple brought in a shipping container’s worth of household goods to start their new life near Bullet Tree Falls Village...

The Truth About the Cayman Islands

The Truth About the Cayman Islands

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October 9, 2013

Can you guess what all these Americans have in common?• William Jefferson Clinton: 42nd President of the United States • John Kerry: 2004 Democratic presidential candidate, former Massachusetts Senator, current U.S. Secretary of State • Jack Lew: U.S. Secretary of the Treasury • Mitt Romney: 2012 Republican presidential candidate, former governor of Massachusetts • Michael Froman: President Obama’s U.S. Trade Representative

Moving Overseas: Save Big When You Leave from a “No-Tax State”

Moving Overseas: Save Big When You Leave from a “No-Tax State”

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November 2, 2012

Many people are surprised to learn that one of their biggest tax-planning decisions when it comes to living overseas has to do with where they live before they go. It’s one of the most overlooked aspects of tax planning. Put simply, there are states that are “no-income tax” states. If you move overseas from one of these, then you’ll pay no state income tax.