finance

Here at Q Wealth we often receive emails and calls from people who are confused about how to manage their finances once they become expats or non-residents. I'm not talking so much about tax preparation or returns, but rather about the practical aspects of banking across borders. For example: Do you need an offshore bank account? What is the difference between a multi-currency account and multiple currency accounts? Should I keep my money in the country where I am living? Can I still access my online brokerage account from overseas? These are all typical questions we are asked, and I will answer these and more in this article. Let's make up two typical composite characters, Bill and Mary Expat, who are retiring early abroad and planning to travel frequently. To make things easy, let's say they are American. They have decided they like the laid-back lifestyle of Latin America, but they are still wavering between retiring in one of the more popular expat hav...