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8938. That is the number of the IRS form you have to fill out to report foreign financial assets. If you own foreign assets, you have to fill out IRS Form 8938 even if you’ve lived out of the country for most of your life. However, here’s an important point: You do not have to […]
Years ago I heard a definition of “wealthy” that has stuck with me. Being wealthy, the thinking goes, is having enough passive income to cover your living expenses. I know people who make a lot more money than I do each year, but they aren’t wealthy. Some of them are living paycheck to paycheck. They […]
How much money do I need to retire comfortably? That question was torn apart in a recent article I read. More precisely, the author was ripping into the non-expert experts that were answering the question in various forums online. It’s an unanswerable question without knowing more about the person asking it and their circumstances. My […]
Offshore Living Letter is a publication of Live and Invest Overseas. Our goal is to provide timely, actionable information on all things offshore, including: how to go offshore, diversifying your portfolio, wealth creation, protecting your assets, and much more.
