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I have a ton of cash in parked roth IRAs. My goal at this point is to take the cash and GTFO out of the US. My health is failing badly, and i would prefer to live in a low cost country that wont ass ream me for going to my regular doctor's visit. So the question, is this a good idea? Or at least move it to gold, silver, crypto, brass, or who knows what else, or transfer it through anonymous swaps using interim exchanges?

I have a ton of cash in parked roth IRAs. My goal at this point is to take the cash and GTFO out of the US. My health is failing badly, and i would prefer to live in a low cost country that wont ass ream me for going to my regular doctor's visit. So the question, is this a good idea? Or at least move it to gold, silver, crypto, brass, or who knows what else, or transfer it through anonymous swaps using interim exchanges?

(post is archived)

[–] 3 pts

Costa Rica, ecuador, Belize... all good choices. If you stick it in crypto it crossses borders easier. Some don’t care, some tax it if you want to leave with it.

It’s your money, use it. Live well. Enjoy life.

[–] [deleted] 3 pts

John McAffee went to Belize. He's a smart man who knew how to move money. Been on the run for a number of years and is now in jail in Spain of all places on some bullshit charges.

[–] 1 pt

If you watch the documentary about his time in Belize, he wasn't exactly trying to lay low. He hired an army of local criminals and thugs and was flashing his riches around. Not exactly smart. Pretty sure there are places expats can live in relative safety though. Just don't be like McAfee lol.

[–] [deleted] 2 pts

Bitcoin might be a safe “store of value” if you’re going to be crossing borders.

If you decide to go with crypto, download the Coinbase app, link it to your bank account and start protecting your savings. When you get to wherever you are going, you can convert it to your local currency and buy physical gold or silver or whatever you want.

[–] 2 pts

If you have 250k you can repatriate to belize

[–] [deleted] 2 pts

Belize: 4.8% European. Hahaha Is you White?

Try Uruguay or Costa Rica instead.

[–] 3 pts

Honestly country doesnt matter, expatriating the cash somewhere that isnt the US is the goal. And the easiest way is a crypto end to end swap between the two countries through a non KYC exchange. Ecuador has investor visas for real estate which look super eniticing for me, since that answers both the visa issue AND the expatriation, Im sure its not the only one though

[–] 0 pt

Dominica has a $150k investor visa and is out of the hurricane belt. There are a few others. I'm considering Belize bc of the English-speaking, and now Mexico is on my radar bc they are trying to go to silver backed currency and getting rid of big agriculture.

Thanks! Ecuador is exotic enough to entice me too.

Try Uruguay or Costa Rica instead.

What? This is exceptionally stupid. Do you literally just google the race and decide "yes that's a great place to live"?

Nope. Been aware of the high crime in Belize since researching it in the 1990's. Whites there better be wealthy and live in enclaves to feel safe. Uruguay has made great advances, is a relaxed government place and welcomes Americans. Costa Rica is a freedom loving, pro-American country that doesn't erven keep a standing army.

Most of this I learned long ago and it still holds true.

[–] 0 pt

Belize is an English speaking country it was a British colony until the 50s. Its pretty easy to be normal there.

If it's cash it's not invested. So wait and then invest at the bottom. If you are invested. What is it invested in? If you have no fucking clue. Your strategy was already a fart in the wind.

I know someone who tried to expat to Mexico and failed horribly and ended up with crazy American sized surgery bills. Get the ducks in a row. Get insurances in a row.

[–] 0 pt

The IRAs are invested but can be liquidated in a matter of days. The tax bill is virtually zero due to how it was procured. The question then becomes how to syphon the wealth from known sources to anonymous sources, and what country would work best for this

I missing something. Is there a tax you pay for leaving your country?

You can buy a stable crypto and leave it there and then take it out after you have moved.

[–] 0 pt

Nope, but there can sometimes be penalties associated for moving cash out of an investment account. Assuming you don't pay those, but leave and don't care, it wouldnt matter as much, but you would never be able to re enter the US

[–] 1 pt

Don't take financial advice from strangers on the internet. Period, full stop. It's great to discuss and learn about things you're not very familiar with, but come on. Talk to a professional or sit down and study the stuff yourself.

[–] 2 pts

Talk to a professional

and whom might that be?

[–] 1 pt

" professional," = state certified brainwashed ponzi-promoting morons

[–] 0 pt (edited )

mexico is pretty great, been here since 2011, yucatan peninsula for me. walmart etc around the corner, large white expat population and mostly white upperclass with euro/spanish blood. affordable medical care, though not sure how advanced the cancer treatment will be. maybe russia or poland like another poster suggested will be better.

for your financial holdings, i would recommend to diversify your withdrawals, use a few different sites, and do it as slow as possible. if you plan to enter crypto. or maybe talk to a few financial advisors with experience in the space.

sites with kyc can and will hold your money for years for any reason they want, or an order from the government etc. dont put your chickens in one basket and prepare for some losses.

lots of expats retire abroad, so just cash out what you need and a little extra, increase the amount each month.

good luck to you.

[–] 0 pt

What countries have you looked into?

Chile seems kinda nice. I'm been considering similar to you.

[–] 0 pt (edited )

Well, I would recommend the following strategy:

1) Keep ALL OF YOUR ASSETS in the states.

2) Live anywhere your research is a good match for you.

Reason: Everyone thinks America is on the verge of collapse. That is bullshit propaganda being spread here in North America. Every single country on the planet is in a worse bind than America. If any country were to fall (if that is even possible), America will be the LAST COUNTRY to not only fall but suffer.

Never underestimate America and it's people. There is a reason the niggers, shitskins and chinks are all trying to get in.

Also, NEVER understimate the importance of American military hedgemony on the economy of the world. Everyone says American fiat will one day cease to become the world reserve currency. This is an impossibility because the world depends on the American military juggernaut for the current balance of power between all the parties. If you EVER pull the American hedgemony wedge out of world politics, you will see world war 3 and a huge re-alignment of powers that will fucking destroy a good portion of the world.

If American hedgemony and the american dollar as a global reserve ever dissapears, it will have to dissapear incredibly slowly so as to allow the slow re-alignment of power structures in the world, something similar to how Britain relinquished its empire and global reserve status.

This has to happen slowly if it happens at all, so your assets are safest in America.

[–] 0 pt

His assets are more safe in crypto.

[–] 0 pt

bruh what are you doing. if its in a ROTH ira then its post tax dollars.... and any profits you make are also tax free. its literally the safest place. although if it isnt invested in the roth you already missed out.

Honestly keep the money in there and move to a low cost country anyways. I assume you have some other income that can cover costs?

[–] 0 pt

There are countries in Europe that let you retire there if you have the money. Pick out the one you want and then check their visa options. But, before making any life changing decisions, visit the area first.

American citizens can stay in most European countries for up to 6 months without a visa. Go, see if you like it. Maybe check out a few countries.

I don't know the details of your illness, but bring a list of your medication so you can have it refilled if needed. You can also register as a temporary patient at a local doctor. They can then refer you to any specialists you may need.

Get some travelling insurance for any unexpected medical expenses that might occur. Check the rules the country has regarding non-citizens accessing their health services. Some countries just have an upfront fee.

You don't need to go through all the effort with shifting cash to x to cash. The US is one of the only countries that taxes its citizens abroad. And the US has agreements with many European countries, so the IRS doesn't care which bank or where.

The massive 'exit tax' is for those renouncing their citizenship, which you cannot do, unless you have a second citizenship to replace it.

Exchange rates for transferring the dollar to whatever the new currency is, is what'll cost you, because there is a fee from the banks or whichever exchange you have do it. But you'd potentially lose that shifting from cash to x to cash.

If you're not in good health, just keep it simple and focus on recovery.

[+] [deleted] 0 pt
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