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High Interest foreign Saving Account

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Post by Rio51AllGo Fri Nov 18, 2011 10:09 am

I need help tracking down a high interest foreign savings account. Any one have any suggestions. My plan is to put money in that account and live on interest. After I take care of the wife!! She cost a ton!!

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High Interest foreign Saving Account Empty Re: High Interest foreign Saving Account

Post by mm1797 Fri Nov 18, 2011 10:22 am

Be careful putting money in foreign accounts.

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Post by dinarstar Fri Nov 18, 2011 10:30 am

South African and Ukraine banks pay up to 10 and 11% on some accounts,but you should consider mm's advice,do your due diligence and make decisions based on that.
I will not put all my eggs in one basket,and will also purchase some bullion,and real estate here in the US as well as overseas.

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Post by Rio51AllGo Fri Nov 18, 2011 11:12 am

Thank you for the advise.

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High Interest foreign Saving Account Empty Re: High Interest foreign Saving Account

Post by rick152 Fri Nov 18, 2011 11:18 am

The biggest problem with foreign bank accounts is the stability of the nation and they're governments. There could be any number of things that happen and that Nation freeze accounts leaving you with nothing at they're whim leaving you no recourse but to loose. Big paydays with HUGH risk...Doesn't happen too often but...rick152

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Love understands, Love supports, comforts and, cares for. Love forgives. Love also honors, respects and, believes
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Love each other and yourself ...rick152
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Post by BURNS Fri Nov 18, 2011 12:52 pm

RICK152, HAVE YOU DECIDED ON A BUSINESS TRUST?? I CAN'T GET COMFORTABLE WITH ONE AND I CAN'T DO ANYTHING UNTIL THE RV.....

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Post by rick152 Fri Nov 18, 2011 3:27 pm

BURNS wrote:RICK152, HAVE YOU DECIDED ON A BUSINESS TRUST?? I CAN'T GET COMFORTABLE WITH ONE AND I CAN'T DO ANYTHING UNTIL THE RV.....

CONFUSING, BURNS

Hi Burns As of yet no, I have not decided. There are higher tax ramifications in some forms of trusts. So I am still going through all of the possibilities. Structure is very inportant. I wish to set up for mostly philanthropic works as to have the base money to last well after I am gone. Sort of like was done with the Nobel foundations when the peace prize was started...rick152
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