One of the biggest elements of any type of investment has to do with managing risk. Depending on your comfort level, your financial status and your desire for serious growth, you will pick investments that best meet the risk you are willing to accept. When you are still bringing in a regular working income, you may be willing to take bigger risks in order to see your net worth grow.
In retirement, however, there is often a greater focus on the preservation of existing assets and the financial security of loved ones in the future. If these are also your primary concerns, then the following offshore investment opportunities might be great options for you to consider.
Offshore Real Estate
If you are still deciding where you would most like to retire, investing in a piece of international real estate could be ideal. This lets you invest in offshore property that can appreciate in value over time, but it also allows you the chance to retire in a scenic and warm destination like Belize Even if you don’t plan on living full time in an overseas location, you could still use the property as a place to unwind over the winter or as a place to spend time with friends and family each summer. There is even the potential to bring in extra income to supplement your finances simply by renting it out as a vacation property for parts of the year when you won’t need it.
Offshore Life Insurance
Investing in a life insurance policy can be a savvy way for retirees to guarantee the financial security of their loved ones in the years ahead. This is especially true for retirees who aren’t interested in setting up a trust.
A life insurance policy won’t be taxed, which means that you aren’t penalized for setting aside assets to provide for your dependents, your spouse, your grandchildren or anyone else near and dear to your heart.
Offshore Managed Mutual Funds
Mutual funds are an inherently low-risk investment. Since multiple investors pool resources and then branch out into a range of different companies, stocks, bonds and real estate, there is little chance for significant financial vulnerability. Retirees often gravitate toward offshore mutual funds for this level of diversity.
If you are also interested in an investment that requires very little hands-on attention, a managed mutual fund may be key. This allows you to relax, step away from the management of the fund and let someone else make the decisions for you, something very attractive to many retirees who simply want the benefits without all the hassle.
Gold and Other Precious Metals
Another popular investment opportunity for retirees is gold. Whether in the form of bars, coins or shares on an international market, gold has a history of value. Plus, it isn’t tied to any one currency, a major advantage for retirees who are planning to live at least part of the year in an offshore location.
During retirement, investing in one of more of these offshore opportunities can help you to protect your assets and see your net worth grow over time.
