{"id":8529,"date":"2017-01-02T09:00:56","date_gmt":"2017-01-02T14:00:56","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=8529"},"modified":"2020-09-21T11:27:00","modified_gmt":"2020-09-21T16:27:00","slug":"heres-get-residency-panama-using-ira","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/heres-get-residency-panama-using-ira\/","title":{"rendered":"Here\u2019s how to get residency in Panama using your IRA"},"content":{"rendered":"

If you\u2019re thinking of moving to Panama, you\u2019ll need a residency permit. Here\u2019s <\/span>how to use your U.S. IRA to get residency in Panama<\/b>\u2026 and make a nice profit to boot\u2026 with an investment in teak. <\/span><\/p>\n

If you\u2019re from the United States, Canada, or any of the other <\/span>50 friendly nations<\/span><\/a>, you can get residency in Panama with an investment of $20,000 in local teakwood. You get permanent residency in a top retirement destination and expat haven, plus a guaranteed return on your investment in 5 to 7 years (depending on the lot selected). <\/span><\/p>\n

First let me talk about the investment. Then I\u2019ll show you how to get residency in Panama using your IRA. <\/span><\/p>\n

Ever since the financial crisis, timber has been the darling of the 1%. According to <\/span>CNN Money<\/span><\/a>, the ultra rich are all-in on this \u201csteady eddy\u201d investment. They\u2019re avoiding risk and paper investments in favor of hardwoods. <\/span><\/p>\n

The rush to wood began in 2013 and has continued throughout 2016. \u201cIn the rarefied world of the wealthy, timber is the hot new commodity.\u201d CNN Money<\/span><\/p>\n

That article is focused on timber companies where the minimum investment is $5 million. That\u2019s great if you’re in the 1%. If you\u2019re not, here\u2019s how to get in on the hardwoods boom. <\/span><\/p>\n

Click here for more on: <\/span>Timber! Why the rich are buying trees<\/span><\/a><\/p>\n

For my purposes here, suffice it to say that hardwoods are a solid (no pun intended) investment that generates stable returns over time. It\u2019s not correlated to the dollar or the stock market, which means it\u2019s a decent hedge against country risk. <\/span><\/p>\n

And a hedge against potential risk might just be what the doctor ordered during a Trump presidency. No matter your political bent, you must agree that times are changing. That there will be significant growing pains as Trump changes how the United States interacts with the world. <\/span><\/p>\n

For better or worse, the Trump train has left the station and we\u2019re all along for a ride. If you\u2019re concerned about what might happen to our economy, consider taking some money off of the table. Invest in conservative steady-eddy teakwood that doesn\u2019t rise and fall with the U.S. economy.<\/span><\/p>\n

That\u2019s why you want to invest in hardwoods. <\/span>Here\u2019s how to get residency in Panama using your IRA and an investment in teak…<\/b><\/p>\n

Panama is working hard to replant its forests and improve its \u201cgreen\u201d image. So, they came up with the reforestation visa. If you\u2019re from a top 50 country, and plant $20,000 of timber, you qualify for residency. If you\u2019re from a restricted country, and plant $80,000 of timber you qualify for residency. <\/span><\/p>\n