Planning
an international retirement may be the first step to creating your
strategic financial plan, especially when U.S.-based financial options
become less attractive in a turbulent economy. If you don't see yourself
settling in the United States for your retirement years, investing in
international real estate or setting up bank accounts overseas may be a
valuable strategy for planning your future.
International Banking and Investment Options
For baby boomers and soon-to-be retirees, investing those hard-earned dollars in money market and savings accounts at the local bank or financial institution may no longer be the most intelligent strategy for building long-term wealth. Since almost all IRA accounts are subject to market fluctuations, finding ways to invest that money into a more secure account may help protect financial assets in the long term. Setting up a retirement fund overseas gives you a chance to take advantage of strong currency rates and maximize the power of the dollar - especially when the dollar is weak at home.
Many off-shore banking institutions, such as Lloyds TSB International, offer attractive rates and fee-free account management, making it easy to set up and manage your account even when you're still in the U.S. In some cases, you'll be able to earn discounts on travel insurance, obtain free international tax advice, and even get your own debit card that works internationally.
Real Estate Investments Abroad
Panama, Dubai and even countries in the Caribbean are becoming attractive choices for baby boomers and soon-to-be retirees who want to purchase real estate overseas. Still, Mexico is considered to be the top retirement haven according to the editors of International Living (IL).
IL recently published its annual Global Retirement Index which lists the most attractive places to enjoy a comfortable, upscale lifestyle and make the most of the exchange rates.
Mexico tops the list, followed by Ecuador, Panama, Uruguay and Italy. Mexico's top three retirement havens include Merida for the laid back bohemian lifestyle, Manzanillo for those interested in casual city-living lifestyle, and Xalapa that is home to cultural centers and scenic views.
Real estate investments in Dubai and the Caribbean are also attractive options for those looking for a strong return on the American dollar and an easygoing, laid back lifestyle. Retirement havens around the world give retirees a chance to enjoy many luxuries and amenities that they could never afford in the United States.
In the midst of economic turmoil, protecting your assets and securing your finances for your future can help you look forward to a comfortable retirement. From setting up bank accounts overseas to investing in real estate in luxury communities, there are several ways you can make the most of your hard-earned dollars and enjoy a luxurious lifestyle in the years ahead.
Source: InternationalLiving.com
For baby boomers and soon-to-be retirees, investing those hard-earned dollars in money market and savings accounts at the local bank or financial institution may no longer be the most intelligent strategy for building long-term wealth. Since almost all IRA accounts are subject to market fluctuations, finding ways to invest that money into a more secure account may help protect financial assets in the long term. Setting up a retirement fund overseas gives you a chance to take advantage of strong currency rates and maximize the power of the dollar - especially when the dollar is weak at home.
Many off-shore banking institutions, such as Lloyds TSB International, offer attractive rates and fee-free account management, making it easy to set up and manage your account even when you're still in the U.S. In some cases, you'll be able to earn discounts on travel insurance, obtain free international tax advice, and even get your own debit card that works internationally.
Real Estate Investments Abroad
Panama, Dubai and even countries in the Caribbean are becoming attractive choices for baby boomers and soon-to-be retirees who want to purchase real estate overseas. Still, Mexico is considered to be the top retirement haven according to the editors of International Living (IL).
IL recently published its annual Global Retirement Index which lists the most attractive places to enjoy a comfortable, upscale lifestyle and make the most of the exchange rates.
Mexico tops the list, followed by Ecuador, Panama, Uruguay and Italy. Mexico's top three retirement havens include Merida for the laid back bohemian lifestyle, Manzanillo for those interested in casual city-living lifestyle, and Xalapa that is home to cultural centers and scenic views.
Real estate investments in Dubai and the Caribbean are also attractive options for those looking for a strong return on the American dollar and an easygoing, laid back lifestyle. Retirement havens around the world give retirees a chance to enjoy many luxuries and amenities that they could never afford in the United States.
In the midst of economic turmoil, protecting your assets and securing your finances for your future can help you look forward to a comfortable retirement. From setting up bank accounts overseas to investing in real estate in luxury communities, there are several ways you can make the most of your hard-earned dollars and enjoy a luxurious lifestyle in the years ahead.
Source: InternationalLiving.com
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