Lon Fairbrook talking about qualified retirement plans of which there are hundreds of millions in the United States with funds of 11 trillion. When you have a qualified plan, the IRS or Internal Revenue Service guarantees the tax-deferred benefits of the plan. So, therefore, if a client was investing offshore it would be listed as '0' value on the IRS form, which is the Foreign Asset Form 8930(a). Learn more about cross borders retirement planning at http://fairbrookadvisors.com/ Now, it's also important to know that some people have the wrong impression about going offshore. They think that they've talked to an attorney they can open up a Limited Liability Company or in other ways, invest offshore but the problem is what's called a Passive Foreign Investment Company (PFIC).
Visibility: 580
Duration: 9m 32s
Rating: 3