No. of Recommendations: 10
I welcome hearing opinions from my fellow Berkshire board colleagues for how to improve one’s financial survival odds going forward.
I'm physically out, and working on being financially out of the US - hope to move as much money out of USD to EUR and other currencies, in non-US financial institutions, as reasonably rapidly as I can. Trying to qualify within a few months for the PT tax regime that lowers tax rates to, roughly, my US tax rates. That will mean taking a lot of long-term capital gains soon, and I can't do much about the 45% of assets in IRAs for a few years.
As for what to do with the money once it's expatriated, more research needed, but I'm thinking a mix of EU government bond funds that can be expected to roughly keep up with inflation, and a certain amount in EU defense companies, energy infrastructure, and such. I don't actually need more capital gains to live decently for the rest of my life - if I manage to avoid the major capital losses as the Former US collapses into a dictatorship with the economic and legal stability of Russia or Venezuela.
YMMV.
