Podcasts Culture Jet Setter Show JS 37: Offshore IRA's & Pension Plans with Larry Grossman Managing Director of Sovereign International Pension Services

JS 37: Offshore IRA's & Pension Plans with Larry Grossman Managing Director of Sovereign International Pension Services

Published: June 14, 2012, 6:59 p.m.

b'

Jason Hartman is joined by Larry Grossman, Managing Director of Sovereign International Pension Services, for a lesson on offshore IRAs and why anyone would want to diversify their assets outside of their own country, particularly the United States. Larry shares the many reasons for this, including concern people have with the direction of our country\\u2019s economic future.

\\n

He states that IRAs are the most common to take offshore and are least likely to raise red flags with the IRS. Larry defines offshore plans as actually having the assets, the investments and the custody of the assets outside of the United States. He also defines \\u201cCustodian,\\u201d \\u201ccustody,\\u201d \\u201cadministrator,\\u201d and many other technical terms associated with IRAs and pension plans.

\\n

Larry attempts to untangle the complicated web that is often the case with IRAs and pension plans, and talks about options people have for moving their retirement funds offshore, including some of the most popular places that assets are moved to throughout the world. Some of the options are quite interesting, including reforestation projects. Of course, real estate is a leading offshore investment.

'