2015-04-23internationalman.com

Given what has happened, it's only prudent to assume that sooner or later all the details of your financial life will come to rest in a government computer--if they're not sitting there already. You should plan accordingly. We live in a world where pretty much every penny you earn, save, and spend leaves a permanent record somewhere, and that can be retrieved for scrutiny by government employees at any time.

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While privacy for financial assets like bank and brokerage accounts is essentially dead, non-financial assets like foreign real estate are a different story. Owning foreign real estate is one of the very few ways Americans can legally keep some of their wealth abroad while still retaining a measure of privacy.



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