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Podcast From Paris #9: Medellín, Colombia?! You’ve gotta be kidding me!

Live And Invest Overseas by Live And Invest Overseas
Apr 30, 2020
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Here are the question addressed in today’s episode:

– Should I bring my car with me?

“In a recent comment, you seemed to mention in passing that you recommend new expats do not take their cars with them. Could you elaborate on that? Seems a pretty radical idea to move to a foreign land with no transportation.” – Charles C.

– Will I be audited by the IRS annually?

“Kathleen, a financial planner recently told me that if I establish overseas bank and investment accounts that will raise a red flag with the IRS and I will be audited annually. Of course I will report the accounts to the IRS, but is there any truth to my advisor’s concern that having overseas accounts would trigger regular audits?” – Kevin G.

– Information on Medellín, Colombia…

“Medellín, Colombia?! You’ve gotta be kidding me! Foreigners are prime targets for kidnapping and ransom by scores of different gangs, and it is rumored that even some police cooperate with them for money as well as do some kidnapping themselves to supplement miserable salaries.

Very few if any victims are ever seen alive again even when ransom is paid. Now add the fact that the drug cartels own parts of the city, the country, the government, the military, and the police…

This must be a very old article you’ve just published, written years ago. My info comes from a U.S. government intel agency and is up to date. The information in your article can be dangerous if taken as reality.” – Anonymous

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Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.

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