Large Investment - Any Financial Advisors?

[clyon]

Originally Posted by benk777

Correct me if I'm wrong, but with an offshore account I'll still pay taxes on any income that I "pay" myself back to the states, correct? Plus, don't you need a set up and established offshore account well before you can deposit funds?


Ben

Well you use an ATM card that is linked too the off shore account to do withdraws & use that ATM to pay for everything. You try to never too 'touch' the money & use a safety deposit box(s) at a bank(s) to store cash.

[aygie]

Originally Posted by clyon

Well you use an ATM card that is linked too the off shore account to do withdraws & use that ATM to pay for everything. You try to never too 'touch' the money & use a safety deposit box(s) at a bank(s) to store cash.

hehe busted.

[IvanDrago]

If you take only one piece of advice from this thread, then this is the one you should take:

DI-VER-SI-FY


PS. Careful with the off shore tax dealings, the IRS seems to close loopholes all the time around and that if you don't pay what you owe, you're gonna be taking showers with Bubba.

[bhampton]

I used to be big on CDs but now it's all about the Blu Ray.

-Brian