A lot more attention is being paid to international safe havens for folks looking to retire. Now, the destination’s not Florida or Delaware so much as Ecuador or Panama.
The tax advantages and cheaper lifestyle means your U.S. dollar will go much farther.
One of the reasons I love our annual summit conferences is hearing questions from our attendees.
This year, I presented the idea of using emerging markets as a financial survival bunker. I had enough time to answer some great questions from the audience.
None of the countries I talked about in my presentation were in Latin America. A couple people were wondering why I didn’t pick a stable market like Chile, or a growth powerhouse like Brazil. There wasn’t one answer… These two countries are very different.
Chile has been an economic anchor in the best sense of the word. It has handled its balance sheet really well compared to other Latin American countries. In fact, Chile is the only South American country to be a member of the OECD, which it joined in May 2010.
GDP growth has averaged 4% a year since 1999. A major contributor is exports — they make up about 25% of the country’s growth.
But we’re starting to see some trouble in the political sector. Read More
