An Offshore Investment that pays 300% Annually
What if you were offered the opportunity to put your hard earned retirement nest egg into a tax free, mutual fund that paid you 300% per year every year guaranteed? Would you stop and consider such an offer? Can you imagine how such a deviously clever investment could change your life and probably make you insufferable around your old friends?
In reality the “offshore solution” such as moving to Panama does represent such an investment. Many millions of expats of all ages and ethnic backgrounds are currently enjoying these 300% returns compared to their cost of living back home while still maintaining a similar lifestyle.
Your “return on investment” is achieved by massive savings.
The offshore solution is a practical option for the true believer in the “start late finish rich” philosophy. Even better, this investment or saving option keeps you rich over the very long term which is exactly what everyone is looking for. It represents major surgery for your long term passive income days. It delivers, in one fell swoop, your mythical retirement “magic number” without enduring the normal lifetime of agonizing frugality. It even provides you with a “financial cushion” for a rainy day.
Rather than trying to severely prune your current spending habits to save an extra 20% from your after tax income for the decade prior to your retirement (the recommended solution by financial advisers) you can easily trim 65% off your current monthly expenses by moving to Coronado Panama. If my wife and I did it why can’t you!
Your Children will Thank You
Your children and even your government will thank you. You have to admit that there always exists that possibility of becoming a “ward of the state” for say the last 5 or even more years of your life or perhaps even worse, a “ward of your children” if your finances fail. Remember that 85 has recently become the new 65! After all a 5 hour direct flight from Panama will get you to most major North American cities. Send tickets to your children for a wonderful tropical vacation.
In my humble opinion, governments of “developed countries” such Canada, the USA and Europe would be very prudent to provide significant “offshore tax incentives” for baby boomer citizens choosing to move offshore. A tax break for expat citizens over age 65 equal to say 50% of their average annual Medicare health care costs would clearly benefit both parties. I expect that many potential retirees would grab such a deal and pack their bags. Would this not be the patriotic thing to do for your country and your family?
Everyone would win including your chosen developing country such as Panama (which is currently second only to Chile, an OECD country, in economic growth and per capita income). Such a policy would represent significant “development aid” with many and diverse long-term positive impacts. Most retirees bring with them valuable skills which are often in short supply.
It may take some “field research” to find the right country fit for your personality but if you are serious about accessing that “300% per annum investment” then the effort is definitely worth it. Remember the alternative: “If you do what you’ve always done, you’ll get what you’ve always gotten.” – Tony Robbins