If you’re retired, or you are looking ahead to your retirement, then offshore investments are a wonderful option. They can diversify your holdings and leave you ess vulnerable, and they are a smart way to begin estate planning so that you can financially care for your dependents in the future.
Just like domestic investments, offshore investments provide a wide range of risk levels, so retirees may want to focus their portfolios on one of these popular investment types for retirees.
Offshore Managed Mutual Funds
For retirees who want a decidedly hands-off approach to investing, but who still want to minimize their risk, an offshore managed mutual fund could be the perfect solution. The mutual fund is a collection of pooled resources from a number of investors.
Gold or Silver
Precious metals like gold or silver are a popular offshore investment for retirees. Gold, for example, has maintained a high value for thousands of years. Since gold is in limited supply, and demand around the world continues to rise, it will likely hold or increase its value in the years ahead. Retirees will appreciate that gold’s value isn’t linked to any one nation’s currency.
International Real Estate
Retirees who love to travel often find themselves gravitating toward an offshore investment in real estate. There are a variety of reasons that this can be a great idea. First, a lot of real estate in offshore destinations like Belize is very affordable, making it a savvy financial move.
Many retirees have already prepared for their financial future but want to take steps to provide for their loved ones. For that reason, offshore trusts are a wonderful option that can become integral in the estate planning process. Placing assets into an offshore trust can immediately reduce your tax burden, which is a perk for retirees.
Retirees who are interested in taking advantage of offshore investing will find that these options represent some of the best opportunities for asset preservation and profit growth today as well as in the future.