• Contact Us
  • About Us
    • Affiliates
    • Syndication
    • Whitelist Us
  • Members Area
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
      • Browse All Countries
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • International Real Estate
    • Foreign Residency & Citizenship
    • Offshore Diversification
  • Making Money
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
      • Browse All Countries
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • International Real Estate
    • Foreign Residency & Citizenship
    • Offshore Diversification
  • Making Money
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result

A Post-Divorce Plan B That Can Really Stretch Your Nest Egg

Very Personal Reasons For Joining Me In This Hotel Room This Week

Kathleen Peddicord by Kathleen Peddicord
Oct 11, 2019
in How to, Offshore
0
Lady sitting in a hammock post-divorce plan

Image Source: iStock/anyaberkut

In today’s world, it can be a good idea to have a backup plan…

A game plan for where to go and for how you’re going to enjoy life once you get there should life become less than enjoyable in the place where you’ve been living up to that point.

Economies, currencies, markets, politics, politicians… they can work in your favor… or against it.

However, the reasons to think through a Plan B can also be more personal.

“Kathleen, I’m here hoping you and your team can help me create a plan for going offshore,” began one attendee early the first morning of this week’s Offshore Wealth Summit in Panama City, Panama.

“My husband of many years recently left me,” the lady continued.

“It was a dramatic, contentious, horrible experience. I spent US$100,000 on legal fees, trying to preserve what was rightfully mine, before realizing I’d be better off just walking away.

“So, finally, that’s what I did. I told my husband to divide everything as he would and that I was done fighting with him.

“I received US$500,000. No house, no investments or other assets… simply US$500,000.

“Now I’m trying to figure out how to start over with no income and far less of a nest egg than I expected to have at this point in my life.

“I’m in my early 60s and healthy. I hope I have many years ahead of me. How am I going to make my US$500,000 last? That’s the question I have come here to answer.”

“With your permission,” I responded, “I’d like to share your story and put your question to our panel this morning. I think they could have good ideas for you.”

With the attendee’s OK, that’s what I did.

This week’s conference in Panama City was built around a series of panel discussions intended to introduce everyone in the room to the biggest and best options and opportunities right now for diversifying offshore.

Our first panel discussion was titled “Creating Your Freedom Plan.”

Ideal chance to help the now single lady looking for a plan for the next stage of her life.

My panelists didn’t disappoint.

“Being Latin,” Colombian attorney Juan Darío Gutiérrez spoke up, “I appreciate the drama of this question… and I’d like to respond.

“First,” Juan Darío continued, “I’m very sorry to hear about what you’ve gone through. Divorce is difficult under the best circumstances, but it sounds like your experience has been especially challenging.

“Now, though, you have the chance to do exactly what you seem to be looking to do—reinvent your life entirely.

“I’d say start by traveling around… take off… explore… see new places… take time for yourself…

“You’re here in Panama for this conference, and that’s a great start.

“What you’ll find, I think,” Juan Darío continued, “is that the trying experience you’ve just suffered through will become less prominent in your thoughts in direct proportion to the number of days of discovery you enjoy.

“What you’ll also find,” Juan Darío carried on, “is that, many places around the world, your half-million-dollar nest egg is a lot of money.”

“Exactly,” Portugal attorney João Figueira chimed in. “A half-million dollars is more than many people in many countries earn in their lifetimes.

“In Portugal, for example, “João continued, “you could live very well for many years on that nest egg.

“Become a resident of Portugal,” João added, “and health care is free… and health care can be one of the greatest expenses for a retiree.”

“You could, for example,” Lief interjected, “buy a house with an extra bedroom in Portugal. That would take your housing expense off the table… and you could rent out the extra room through Airbnb if you ever decided you wanted or needed to generate some income.

“In a place like Portugal, even a small side income from an Airbnb rental could be enough to keep you comfortable.

“You could even,” Lief continued, “in some places in Portugal, buy two small apartments with your budget. Live in one and rent out the other full-time.”

“I’d say begin,” Chief Investment Strategist for Lahardan Financial Leon Wilfan suggested, “by dividing the capital into two parts—what you want to invest for income versus what you want to keep for living expenses.”

“There are many great options in the room with us,” Lief interjected, “for investing for cash flow.”

“By joining us at this event this week,” I added, “you’ve turned your situation on its head.”

Maybe US$500,000 isn’t enough to live well in retirement in the place where you’ve been living in the United States.

But, as my panelists are suggesting, many other places in the world it’s a very comfortable nest egg… enough to fund a life of adventure for decades to come.

Discussions continue, as I write, as our experts and panelists help us consider dozens of tempting current opportunities for diversifying both your life and your portfolio overseas.

Your best options right now for easy backup residency… for opening an offshore bank account… for forming an offshore corporation (as well as when an offshore corporation is a good idea and when it’s a waste of money)…

For mitigating your tax bill (even, under certain circumstances, living tax-free)…

For starting a business… investing for yield and for appreciation…

For acquiring a second passport...

In short, dozens of your best options for having fun and making money all across this interesting world of ours.

Kathleen Peddicord

Discover An Incredible Opportunity To Invest In Colombia's Dynamic And Growing Tourism Capital Of Cartagena

Comments

Tags: investing offshorewhy go offshore
Previous Post

Offshore Fishing: Top Countries To Retire And Fish

Next Post

Cities With The Best Air Quality And Low Pollution

Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

Related Posts

Couple relaxing at the beach
How to

The Retire Overseas Challenge No One Talks About

by Kathleen Peddicord
December 1, 2019
0

One of the biggest challenges you'll face as you launch your new life in a new country is seldom discussed....

Read more
teak trees are a way to preserve generational wealth

Generational Wealth: How To Gift A Teak Investment

November 29, 2019
Praia da Bordeira and boardwalks forming part of the trail of tides or Pontal da Carrapateira walk in Portugal. Flying seagulls over Praia da Bordeira in portuguese. Bordeira, Algarve, Portugal.

How One Couple Discovered A Great New Life In Algarve

November 20, 2019
Portugal: Europe’s Hidden Gem That’s Getting Harder To Ignore

Portugal: Europe’s Hidden Gem That’s Getting Harder To Ignore

November 15, 2019
Buying Home Overseas

10 Questions You Must Ask Before Buying A Home Overseas

November 11, 2019
issues to consider before you retire overseas

9 Critical Issues To Consider Before Deciding To Live Overseas

November 4, 2019
Different currencies buying property with a different currency

Things To Consider When Buying Property With A Different Currency

October 23, 2019
Next Post
People outside temple bar in Dublin. Cities with low pollution

Cities With The Best Air Quality And Low Pollution

French Course Online
Quiz Which Country

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms

© 2008-2019 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2019 - Live and Invest Overseas - All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.