Inspired by this article by Uncle Cecil himself, I began to wonder about offshore banks and IRAs.
Let me state plainly that I’m not looking to evade any taxes, but I AM looking for an IRA program that will allow me to invest more than the measly 3 or 5K a year. I’m in a position where I can, for a while anyway, invest more than that in my IRA, and with the stock market and low interest rates, I figure that’s as good a place as any. Does anyone out there know of a reputable bank that has this type of IRA available?
Alternatively, does anyone know of an investment opportunity that is reasonably low risk but with a decent long term return? I AM NOT looking to invest in your uncle’s boyfriend’s former roommate’s door to door anything company. I’m looking for long term investments, or even short term investments, that will give me better than a 2 or 3 percent return. I have looked at viaticals and seen both articles good and bad. Does anyone have any experience with this type of investment?