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Honest question. Without going into too many details, if a US citizen came into $10-20 million would it be a better idea to become an expat in another country or would a homestead within the US be better?

As much as I love the US I'm not entirely sure the country can be saved any longer for a litany of reasons.

If becoming an expat is preferable, then where would be among the best places to go?

Honest question. Without going into too many details, if a US citizen came into $10-20 million would it be a better idea to become an expat in another country or would a homestead within the US be better? As much as I love the US I'm not entirely sure the country can be saved any longer for a litany of reasons. If becoming an expat is preferable, then where would be among the best places to go?

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[–] • 2 pts

I have given this a lot of thought. One of my best friends received about $7M (with a bit more on the way) when his family sold a corporation they held. He's talked about moving to Thailand for a long time. I can't stand that thought, but he says the quality of life is much much better than here in the USA. He has shown me that with as little as $5M, you can live the rest of your life like a wealthy elite.

If I need to abscond from the USA, my first choices will be Panama, Argentina, and maybe Russia (we'll have to see how that turns out). I have a close friend who moved to Panama a long time ago. He and his friend co-own a small hotel on the east coast and live very comfortably. He told me they'd be willing to sell it for $1.8M and if you lived there it would provide an income of around $100k/year.

Hope this helps.