My condo here in Florida has finally reached the selling price I've been hoping for. I'm pretty confident it will sell within a short time so I will be coming soon to rent a place for however long it takes me to find the property I want. I'm looking forward to meeting Dr1 posters and hopefully making lots of new friends in my new life of retirement/semi-retirement.
My question is this: I do not want to leave my money in the U.S. and pay taxes on the interest, nor do I want to put all of my money in a Dominican bank. I am currently researching banks in the Cayman Islands, and from what I understand the interest earned is tax free. I will need access to funds in order to pay monthly bills, etc. Does anyone know anything about Cayman banks that will let me obtain cash thru ATM's or checks for day to day living expenses. Thanks for all your help, past, present, and future.
BYW: I will be working with Dean Brown of Century 21 in my search for property and I would highly recommend him to anyone in their search for North Coast property.
My question is this: I do not want to leave my money in the U.S. and pay taxes on the interest, nor do I want to put all of my money in a Dominican bank. I am currently researching banks in the Cayman Islands, and from what I understand the interest earned is tax free. I will need access to funds in order to pay monthly bills, etc. Does anyone know anything about Cayman banks that will let me obtain cash thru ATM's or checks for day to day living expenses. Thanks for all your help, past, present, and future.
BYW: I will be working with Dean Brown of Century 21 in my search for property and I would highly recommend him to anyone in their search for North Coast property.