Emergency Exit
Like many Americans, you may already have seen your nest egg shrink, the value of your home fall, your investment portfolio lose half its worth or more…
The really bad news is that there’s more hardship to come. As the United States bids farewell to the Bush tax cuts at the end of this year, new and higher taxes will have a huge impact on every American’s pocketbook.
And it’s not just your finances that are at stake. Crazy new laws have been crafted to restrict and control the foreign investment activities of U.S. citizens. That’s an attack on your personal freedoms.
Effectively, what this means is that the more assets you have in the United States, the less control you have over them.
So, if you really want to protect your wealth, now and for your future–and prevent your estate being reduced potentially to 30 cents on the dollar (it happens all the time)–you have one sensible course of action:
Go offshore.
This is an idea whose time has come.
Opportunities for going offshore come in all shapes and sizes. But, generally speaking, going offshore involves moving your assets, your business, your banking–or even yourself–to a safe haven…to a place where it’s harder for anyone to lay claim to what you’ve got.
Diversifying your portfolio into foreign investments, particularly foreign real estate investments, and foreign currency is another important aspect to going offshore.
If visions of precious metals locked away in the vaults of a faraway haven are enough to make your palms sweat, let me reassure you that going offshore isn’t anything as cloak-and-dagger…or glamorous…as it may sound.
It’s about legally defending what’s yours in a way that makes it more difficult for creditors to attack. Offshore strategies include trusts, foundations, international life insurance, and owning a foreign bank account, to name a few. These are all legal ways for you to build a wall around your assets. Pretty boring stuff, really.
And you don’t need to be a multi-millionaire to benefit from going offshore. You could get started by simply opening a bank account in a haven that offers true banking secrecy. This is the easiest and the most sensible first step.
Can’t meet the minimum deposit of US$100,000 required to open an Austrian bank account? Then why not try Belize…
In this little Caribbean haven, you can open a private bank account today without depositing a single dollar. And you can set this up–and manage deposits and withdrawals–all from the comfort of your own home.
Opening a foreign bank account is just one of the important offshore strategies we’ll be exploring at the Emergency Offshore Summit we’re convening this December.
Your wealth is affected by all sorts of things that often you feel you have no control over.
But, I say again, you still have a card to play, and you still have time to play it. By going offshore, you get to hold on to more of your assets, to protect them so that they grow safely, even tax-free.
Kathleen Peddicord
