The Panama Diaries
Hemispheres would like to introduce Mike Gamble, a new contributor and part time expat in Panama. "Fresh eyes", as I call them are wonderful and as often as we can, we'll find them and include articles that tell the first views, thoughts, and impressions of a person moving to a new country. After a while, all things become "Normal" and these diaries from Mike, tell the story through a fresh set of eyes.
The Treasury is set to issue its Lifetime Income Guidance and the Department of Labor will follow shortly. It is no secret most investors chose a lump sum option when the separate service or retire from a company taking their retirement plan as an IRA Rollover or as a distribution.
Can you blame them? For the first time they have the ability to get away from a company sponsored plan with exorbitant fees, bad investments and artificial restrictions. They finally get to self-direct their own account and who can blame them.
What’s the Number #1 most useful news item for businesses and investors in 2011?
The first members of the baby boom generation turn 65.
The first post-World War II babies started arriving in 1946, months after the soldiers got home.
Now, as the boomers prepare to retire, many of them will be tracing their fathers’ footsteps offshore. Not to war this time, but to a retirement they can afford and enjoy.
