| |
| |
|
Investing Information |
|
|
|
Investing Offshore for Retirement
As an expatriate you are in a privileged savings and investing position. Make the most of the options available to you while you can, consider investing offshore for your retirement. While you reside overseas you are legally entitled to make use of any tax savings in the country in which you reside, furthermore you are most likely in a position to save and invest offshore to fund and fuel your retirement. Not enough expatriates make use of their offshore advantage when living and working abroad. Don't make the same mistake! Do you already have a domestic pension plan in place from your home country that you established prior to working abroad? Have you found that this policy is not as mobile as you are? Does it make sense to continue with the savings policy? Have you been considering switching from retirement savings plan to savings plan as you change from country to country? Did you know that by doing this the income you end up with in later life will be fragmented and may be whittled away by foreign exchange costs, charges or even a cash-strapped government? Or are you one of the lucky few who need read no further - one of the lucky few working for an international company who offer a pension plan to expatriate employees as part of their benefits package? If you are not one of the lucky few and you understand that the onus is on you to provide for your own retirement this article may be able to help you. If you are looking for the most sensible offshore investment solution for your retirement savings planning you need to consider finding a safe harbour where you can anchor your retirement investments so that you can move from country to country as necessary without this having any negative impact on your assets. If you decide to do this, you need to find out exactly which safe harbour or tax haven is the best for you. Offshore financial centres present a viable solution - especially if you are undecided as to your eventual retirement destination. Basing your pension investment offshore should mean that future movements of capital or income are not impeded. However you should remember that any retirement income you take could be liable for taxation depending on where you are living at that time. When it comes to offshore retirement planning what do you need to be aware of?: - Your own personal circumstances are unique. Be realistic about how much you should be contributing. Consider the charges the bonuses and the flexibility of any investment plan - generally the more flexible the plan the more charges will be. Know that a good offshore retirement plan should allow you to do the following without penalty:- 1 Reduce contributions without penalty (normally after an initial period of one to two years). 2 Switch investments between different funds to respond to changes in the market. Preferably including funds managed by other people outside of the institution zone. 3 Have the option of retiring when you want to without penalty. 4 Allow certain access to monies invested (again, after an initial period). How to Find the RIGHT Offshore Savings Solution Finding out what each provider's best products are currently, and then hand picking the best to suit your own personal needs and current circumstances is the best idea! But how impractical! Do you have the time to do this? Would you consider yourself an expert in offshore investments and pension planning? Where would you start? Obviously professional advice will get you the right solution and save you time and money and reduce your cost of delay significantly! Pension Surrender Cashing in an onshore pension is rarely the best option available to you. If you have taken out an offshore pension policy and you are unhappy with it or want to take a break from paying into it, consider all the options that are available to you before you decide on your path of action. Generally with an offshore pension up to the first 2 years of contributions are committed to being invested until maturity - meaning that if you cash in your policy early you will potentially be wiping hundreds or thousands off your potential returns. This is money you would be literally THROWING away! Instead of encashment could you take a payment holiday or change your investment focus? Instead of encashment you HAVE to speak to a brokerage to find out what options are available to you and which options are BEST for you. You do not have to speak to the adviser or brokerage who set up the initial policy for advice - a good independent financial adviser will be happy to assist you with any previous policies. Get Informed! Simply put, if you haven't started your retirement planning or you want to check whether you need to do more or you want to find out what you can do with policies already in existence - from company pensions, personal pensions and offshore pensions - you need to act now! Find the right person to advise you about exactly what is available in the market place today. Find the right person to get the best solution in place for you sooner rather than later! Rhiannon Williamson is an experienced publisher who has produced articles for leading travel and tourism guides and financial magazines. Her specialist knowledge about both travel and finance gives her site Shelter Offshore the unique ability to literally cover every single aspect of moving & living abroad - including the often less discussed offshore tax advantages that can be available when leaving our homeland.
MORE RESOURCES:
Investing - Google News |
|
|
|
RELATED ARTICLES
401(k) Plans I've been in and interested in the stock market so long (one year shy of forty years) I can remember when the mutual fund pages in my home town paper were just one page! Now it looks like there are more mutual funds then there are stocks listed on the New York stock exchange.I wonder how many billions of investor dollars are supporting these funds. IF - The Wonders of Investing If it seems as if all investors are selling, who is buying? If trading has become entertainment for you, it may be time to refocus on profits. If your stock has reached an annual low, can it go any lower? If your stock has reached an annual high, can it go any higher? If all the television analysts jumped off a bridge, would anyone care? If your portfolio is based solely on fundamental analysis, perhaps it is time to learn technical analysis. Investing In or Owning Drug Lab Properties Clean Up (includes the insides and the outside of a building)Air out the buildingRemoval of contaminated materials: Carpets, carpet pads, Linoleum, drapes and blinds, air-filters, refrigerators, range, water heater, all tenant clothing and their furniture.Removal needs to be to a site that accepts contaminated product. Emotions: A Traders Worst Enemy; Get Rid of Fear and Greed - Youll be Glad You Did You hear it over and over and over in books, forums, and chatrooms. Fear and greed, fear and greed, fear and greed. California Deparment of Corporations and Franchise Opportunities Law What CA Needs To Do To Address Issues in FranchisingWe should not allow anymore degradation of California through incessant over regulations in the franchising sector. No other sector of our economy provides as many jobs as franchising. How to Terror-Proof Your Money "To drift is to be in hell, to be in heaven is to steer." -George Bernard ShawFormer Homeland Security Director, Tom Ridge, has said it's not a matter of "if" we'll have another terrorist attack, but when. Advice for International Investors on How to Safeguard Their Profits What are the risks?Today, investors are increasingly turning to global markets to find opportunities for profit, giving urgency to the issue of protecting returns from foreign exchange risk. While there are many excellent investment opportunities to be found all over the world, volatility in the currency markets can and does affect the profitability of these investments. Why You Need To Buy and Sell Gold Coins (Part 1) The Value of Gold in a Era of Paper Assets, Stocks, Bonds and Mutual Funds.. Get Wealthy With the Rule of 72 When it comes time to retire how many people would like to have a nest egg that is 2 or 3 or even 4 times larger than what they have? With an answer so obvious allow me to explain how you can make it happen for yourself.First we'll explain the Rule of 72. Buying a Home - Your BIGGEST Investment This column has often focused on intangible investments like stocks that a young investor might hold in their portfolio. While these are one of the most important components of an investment plan, it is not the dominant one for most young people. The Perfect Economy? The U.S. Annuity Owner Mistakes Okay, so I can tell you I have sat in front of countless numbers of people who have made mistakes when purchasing and owning annuities. And I have visited people who wish they never got involved in an annuity. Art Investing for a Financial Future When we think of investing we probably conjure images in our minds of the New York Stock Exchange, suited stock brokers making deals, bonds and treasury bills, and all manner of financial matters. The last thing we probably think about is art. Do You Need A Financial Planner? No matter how much money you make, it pays to keep on top of money coming in and going out. Even if you do a good job of that, there are important times in your life when talking with a professional adviser makes sense. Inflation Proof Your Investment Portfolio with ETF's Even though inflation has been relatively quiet in the U.S. The Convertible Craze Brightens The Future Of Equities Convertibles are stealing the show with their safe investment image in today's "protective" market. They seem to be overshadowing the stocks and bonds, and this holds true for the mediocre issuers. Shareholders Meeting Changing With Times A significant number of corporations that settled accounts in the past year are ready to hold their annual shareholders meetings.In this year's meetings, more than 300 companies plan as their main focus of attention defense measures against hostile takeover bids. Makin The Sauce Let's face it, you're on a roll. After getting down to your attorney's office to sign the new Living Trust and then diligently tracking down your assets to fund the trust, you should be congratulated. Annuity Help Many people today are looking for annuity help. The biggest challenge seems to be that most of the help is biased. Invisible Mutual Fund Fees Erode Your Returns! Many investors think that investing in mutual funds is free. What nonsense! Funds collect more than $50 billion a year in fees from investors.
|
| home | site map |
| © 2006 |
