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Saving for pension? - amazing power of compound interest!
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<blockquote data-quote="Blunt" data-source="post: 488076" data-attributes="member: 1545"><p>Okay, you make some good points. </p><p></p><p>However I don't think the kind of geodiversication you are speaking of makes sense for the average investor. The amount of money you are going to spend getting accounts, residencies/passports only makes sense if you either have a large amount of assets and/or the connections (or family history) to set this up easily. </p><p></p><p>For someone with $100k in a Roth getting taxed again would be unfortunate but unless they outright confiscated the entire amount the tax would probably be smaller than the percentage you would spend on geodiversication. For someone with $5-10M it would be a different story.</p></blockquote><p></p>
[QUOTE="Blunt, post: 488076, member: 1545"] Okay, you make some good points. However I don't think the kind of geodiversication you are speaking of makes sense for the average investor. The amount of money you are going to spend getting accounts, residencies/passports only makes sense if you either have a large amount of assets and/or the connections (or family history) to set this up easily. For someone with $100k in a Roth getting taxed again would be unfortunate but unless they outright confiscated the entire amount the tax would probably be smaller than the percentage you would spend on geodiversication. For someone with $5-10M it would be a different story. [/QUOTE]
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