JS 37: Offshore IRA’s & Pension Plans with Larry Grossman Managing Director of Sovereign International Pension ServicesJune 14th, 2012 by Jason | Comments Off on JS 37: Offshore IRA’s & Pension Plans with Larry Grossman Managing Director of Sovereign International Pension Services
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’s economic future.
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 “Custodian,” “custody,” “administrator,” and many other technical terms associated with IRAs and pension plans.
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.
Larry C. Grossman, CFP®, CIMA® is the Managing Director of Sovereign International Pension Services, (SIPS), based in Tampa Bay Florida. SIPS is an IRA Administrator offering IRA Custodial services as well as a offering a full range of custom designed Pension Plans.
Larry was one of, if not the first financial advisors in the country to develop a compliant method for helping clients take IRAs and pension plans offshore for asset protection and greater investment diversification. Larry has earned the coveted designation of CIMA®, (Certified Investment Management Analyst) awarded in conjunction with the Wharton School of Business. Larry graduated Summa Cum Laude with a Bachelor of Arts in Business Management from Eckerd College. He went on to acquire his Certified Financial Planning designation from the College of Financial Planning in Denver, Colorado.
Larry is the author of The Ultimate Retirement Protection Plan, published by The Sovereign Society. Larry’s has been called the “Pit Bull” of offshore planning by some of his colleagues. He is a Fox News Contributor and has written numerous articles, which have been published on the topic of why “Retirement Plans are Doomed!” Over the last several years Larry has focused on why he believes the government specifically has your retirement plan in its crosshairs.
He was one of the first to write about the secret government plan that, if approved, would force your retirement plan to buy treasuries. He has exposed their plans to make sweeping changes to the retirement plan system that possibly include confiscation or nationalization, reduction or elimination of the tax benefits, forced lifetime annuitization at retirement age funded by treasuries and “redistribution of the wealth”.
Tags: adventure travel, Airfare, Airlines, budget, business traveler, citizenship renunciation, cruise ships, currency, Europe, expat, expat living, expatriation, Flights, Florida Keys, free travel information, full body scan, how to become an expat, international investing, international travel, Jason Hartman, Jetsetter, leisure travel, move to Panama, south america, travel, travel America, travel destinations, vacation lodging