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Hi from Arizona
Old 07-31-2011, 08:28 PM   #1
Confused about dryer sheets
 
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Hi from Arizona

I have been a silent reader of this forum for a few months, so I thought I should introduce myself.
I am 40 y/o male, never been married (no children).
I have been saving for the last few years with the goal of early retirement.
I have saved about $150,000 so far, most of it mutual funds (stocks) with Vanguard. no home, no car payments, no debt.
I have some concerns though. In my line of work Frivolous lawsuits are not uncommon. How do I protect my retirement nest? I know that Vanguard has overseas branches, will any of those branches let US residents buy mutual funds? Will that be a safer legal option for someone like me who is worried about losing his retirement nest?
Appreciate your input.
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Old 08-01-2011, 09:22 AM   #2
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In my line of work Frivolous lawsuits are not uncommon. How do I protect my retirement nest?
Not really enough information for a good suggestion, and I'm not the one to make it. You could investigate insurance or incorporation. Hiding assets is not the answer.
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Old 08-01-2011, 09:30 AM   #3
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You may want to read these threads on whether or not umbrella insurance is right for you.

Umbrella Insurance?

Umbrella insurance separate from home/auto ?

Yet another Umbrella Policy Topic
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Old 08-01-2011, 11:25 AM   #4
Confused about dryer sheets
 
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Thanks for the links Alan. I didn't know about umbrella policy before.
I guess,I need to do some more reading

Kumquat, I am not trying to hide my asset, I just thought that if my assets were in a foreign country there would be less risk for Frivolous lawsuits. I have always wanted to eventually retire in a foreign country, so I don't have to keep my asset in the US. I am just beginning to learn about this subject, so I might not know what I am talking about.
I also posted in another forum, and some people were recommending Nevis LLC, but it seemed like they were trying to sell something to me.
From my limited knowledge so far, I think something like Umbrella insurance might be a better choice for me than Nevis LLC, at least until I retire.

I know this an early retirement forum. I don't have a set date for retirement yet. I don't hate my job yet (I am a physician). After I retire from my paid job, I want to move overseas and keep working in a third world country. So I want to retire early from my paid job only. I hope I am still welcomed here.
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Old 08-01-2011, 11:30 AM   #5
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I know this an early retirement forum. I don't have a set date for retirement yet. I don't hate my job yet (I am a physician). After I retire from my paid job, I want to move overseas and keep working in a third world country. So I want to retire early from my paid job only. I hope I am still welcomed here.
Of course you are still welcome here, no set date for retirement required, early or otherwise
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Old 08-01-2011, 05:31 PM   #6
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I have some concerns though. In my line of work Frivolous lawsuits are not uncommon. How do I protect my retirement nest?.
I believe all investments in a Traditional IRA are protected against loss from a lawsuit. However, I do not believe ROTH IRA investment receive the same protection. Worthwhile to investigate.
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