I’m aware of the Roth IRA. It is not nearly as straightforward as you describe to rollover from a traditional IRA to a Roth account. There are limits on dates and distributions. Furthermore Roth contributions have to be funded from post-tax funds, which means that, if you want to withdraw early from a Roth plan, you first have to pay the fairly steep progressive US taxes to do so.

The rules and regulations concerning rollovers are, of course, bewildering, as befits the US tax code. Which is why anyone who wants to retire early should always consult a tax attorney and an accountant first, to get the skinny on what is actually required and how much it will cost.

There are very few ways to escape the taxman without, at some level, breaking, or at least bending, the law. And while I have absolutely zero respect for the IRS or anyone who works for it, I will certainly never advise people to break that law.

So if your living expenses are under the standard deduction, or you have enough cash built up that you don’t need to earn any income, you can convert that much without paying taxes/penalties.

Bravos and Deltas I think will understand the depth of this compliment. Not sure the Alpha will and I am certain the Gamma does not embrace the notion at all.

I agree. There is great nobility and honour to be found in honest hard labour. I would say that the Alphas I have known appreciate and respect hard workers, and reward it, but do not themselves work hard if they do not need to.

Gammas, on the other hand, absolutely hate hard work and will gladly mooch off of anyone if they can get away with it.

I am sure you expand on the residency requirements more in your Limitless Living course.

Correct, at quite some length, actually. It’s all in there – though it needs to be updated, as things have changed radically in some cases in the past couple of years.

I guess El Salvador has solved this with the BTC option. ‘Buy now and move while it’s still cheap!’

Sort of, but not really. There are actually quite a few problems with using BTC as a means of payment – it is slow and expensive for transactions and is a rather poor store of value, due to its extreme volatility.

A newer type of cryptocurrency, known as stablecoin, may bridge that gap. Stablecoins like USDT, USDC, DAI, BUSD, and UST all have their own drawbacks – most of them have to do with the fact that they sit on the Ethereum blockchain – but they at least eliminate the gut-wrenching volatility of BTC.

We’ll see if stablecoins become mainstream payment methods over the next few years – opinion on the subject appears to be sharply divided.

I can think of no finer compliment to men in general then this.
I have two working Anatolian Shepherds to guard our flocks 24/7. They are awake when I sleep at night, so that I can sleep all night. They purposefully sit in the rain for reasons God alone understands. They are gentle with my children and harsh with strangers and they never complain about free snacks or dinner.

Bravos and Deltas I think will understand the depth of this compliment. Not sure the Alpha will and I am certain the Gamma does not embrace the notion at all.

Good write-up and thought piece. I am sure you expand on the residency requirements more in your Limitless Living course. When we were toying with some Scottish highlands investment ideas a few years back it was shocking to me how much liquid assets were expected. I guess I’ve become numb to residency requirements by having an open US border my entire life.
I guess El Salvador has solved this with the BTC option. ‘Buy now and move while it’s still cheap!’