Asset Protection
« Previous EntriesYour Financial Secrets are (Still) Safe
Wednesday, August 11th, 2010The U.S. government’s war against overseas “tax havens” is impossible to ignore. And its latest assault on your financial freedoms only serves to underscore the value of directing your wealth into friendlier fiscal territory.
Where You Are Welcome as an American Investor
Monday, August 9th, 2010I was stunned to see that this year alone over 90 U.S. banks have failed. And experts expect the number to exceed last year’s total of 140.
6 Big Expatriation Myths
Wednesday, July 28th, 2010It’s true: The “official” number of people who take this admittedly radical step is tiny—only a few hundred annually. The Treasury Department is supposed to publish their names in the Federal Register each quarter. But the real numbers are much higher.
The IRS is Watching You…
Tuesday, July 27th, 2010Precious metals such as coins and bullion fall into this new 1099 category and U.S. coin dealers are among those most outraged by the new law.
Two November Events May Determine Your Fate…
Monday, July 19th, 2010This brings me to the second big November event: The Sovereign Society’s 5th Annual Offshore Advantage Academy: A Beginner’s Guide to the Offshore World. This could be even more important to you personally than the Election Day outcome.
Diversify Your Assets Now – Invest in Foreign Currencies, and in Foreign Countries
Friday, July 16th, 2010A private account in a good offshore jurisdiction can possibly shield assets from domestic economic uncertainty. And asset protection is important. But most people are clued-out. They think private banking is only for the Big Boys. It couldn’t be for them.
Risk and the Perception of Risk are 2 Very Different Things…
Wednesday, July 14th, 2010Baby Boomers hold over $40 trillion worth of stocks and bonds, or at least they did a couple years ago before the market revalued them.
They plan to use these assets to fund their retirements. If that’s the case, they must sell these stocks and bonds and turn them into cash to be spent at the grocery store, pharmacy and golf course.
8 Key Strategies to Safely Invest, Do Business Overseas
Monday, July 12th, 2010Before there was Bernie Madoff, there was Marc Harris. Mr. Harris is serving a 17-year sentence at a federal prison medical center near Fort Worth, Texas. In November 2003, a jury convicted him on 16 counts of tax fraud and money laundering. But those were just a handful of his many pending charges.
Could You Be a Tax Evader… And Not Even Know it?
Friday, July 9th, 2010The Justice Department said it had “reason to believe” these people had an interest that was not reported on a tax return or special tax form for foreign accounts, Form TD F 90-22.1.
Don’t Sell Your Retirement Account for 59 Cents on the Dollar
Wednesday, June 30th, 2010Last year… we noticed that Berkshire Hathaway Assurance Corp. – one of the top insurance companies in the USA – was refusing to “accept bets” on muni-bonds.
One day they backed $595 million worth of those toxic assets … the next, just $40 million.
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