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To have a better retirement, it’s important to avoid retirement tax as much as possible.

Many Americans and Canadians leave their homeland and move abroad because they are fed up with tax.

Retirement is better when accompanied by a pinnacle career that creates fulfillment, fun, income and tax deductions.  Lesson 1 of our course Everlasting Wealth shows seven structures that can create a better retirement with asset protection and tax.

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Better Retirement: looking at retirement beach condos.

There can be retirement tax pitfalls.  There are taxes in almost all countries. They just are not as noticeable in many countries like Ecuador, where the low cost of living reduces the financial pain.   If a country, like Ecuador  has a low income per capita… all taxes are likely to be low.

One pitfall is to assume  that the taxes will remain low and not plan a forward looking tax strategy.

The trend is for governments to initially offer tax benefits to attract expats and then eliminate the benefits and add extra tax.

Take Ecuador as an example.  The country has a good income from oil revenues. These reserves won’t last forever and even with this resource the country has so many shortfalls it has defaulted on bonds and borrowed billions of dollars from the Chinese using future oil as collateral.

One can imagine that as increasing numbers of relatively wealthy gringos move in… the government will cast a hungry eye at this new segment of the population.

Ecuador has begun this process.  The government set a bit of a tax trap for expats.  This started with a 2% exit tax on any funds over $10,000 taken out of Ecuador. Then this was raised to 5% and the $1,000 threshold eliminated.

Costa Rica is another example. The country used to be a tax paradise for Gringos.  No more.  Many tax exemptions have long been revoked and for 2013 Costa Rica will increase the tax on foreign investors charging up to 38 percent if investors transfer profits overseas.

Costa Rica is getting tougher on collecting tax  and is on the verge of passing two new laws, which will bring about significant changes to the tax structure currently in effect. These two regulations for 2013 include the The “Law of Compliance of Standards of Fiscal Transparency” so that Costa Rican businesses have to have more accounting transparency.

The second 2013 tax law strengthens tax administration procedures and gives the Tax Administration more powers; it will increase the fines and penalties against taxpayers and impose new forms of assessing and collecting tax obligations.

The reality is clear… the Tax Man giveth and the tax man taketh away.  Expats do not vote or represent a small voting block so tax change that can put a crimp on a better retirement should be expected.

Americans who retire abroad, also still have U.S. tax obligations.

Continuing coverage on the New York Times article entitled “Making a Move Abroad, and Working There, Too”  by Kerry Hannon, here is what the article says about tax.

Working abroad may sound swell, especially if you can be gazing off at the sand and surf and padding around in your flip-flops while you do it. But it can be complicated.

For example, making mistakes on taxes is common.

“If you’re going to work overseas and earn even a modest salary, you must find a tax adviser expert in international tax issues,” said Olivia S. Mitchell, a risk management professor who focuses on retirement policy and serves as the executive director of the Pension Research Council at the Wharton School of the University of Pennsylvania.

“You should make sure you’re doing everything right because there are some tricky tax laws for Americans living overseas,” Professor Mitchell said. “Both the United States and an expat’s country of residence could try to tax your earned income while living overseas.”

The United States government requires American citizens living and working abroad to file an American tax return annually. Americans working abroad, however, are eligible for the foreign earned income exclusion, which in 2013 exempts the first $97,600 from tax. If you earn much more than this threshold and you pay income taxes to a foreign government, you may be able to take a foreign tax credit. In any event, this can require working with a tax adviser aware of the ins and outs of these policies.

We have a free Better Retirement Report available for the rest of this week entitled “Filling the Void: Retirement Businesses that Reduce Tax”.

“Filling the Tax Void” starts with this thought:  “The tax pinnacle we can all reach is when everything we want to do is tax deductible.”

This report includes details on:

* Why Pinnacle Careers are more fun and create more spending power.

*  How Pinnacle Careers reduce tax.

* Two ways to legally organize Pinnacle Careers.

* How an LLC used in a Pinnacle Career Can Cut Tax Audits in Half.

* 10 Most Expensive Tax Mistakes That Cost Business Owners Thousands.

* Contacts on Attorneys who specialize in setting up your business.

* Contacts on Tax Preparers who specialize in overseas reporting and pinnacle careers.

We are working with both Ecuadorian and US attorneys and tax preparers to help our readers who live or plan to live abroad.

This report is entitled “Filling the Tax Void” and explains how positive lifestyle shifts not only create greater worth and value in your life, but also reduce tax as your business efforts become more meaningful to the world. In the meantime, I have written a report on the importance of bank safety when considering the retirement economics.

To access this report “Fulfilling Careers that fill the Tax Void” FREE , click here.

There are three days left to obtain this FREE report or any of the Better Retirement Reports below FREE.  If you have not ordered these reports, see the other FREE Better Retirement Reports here.

There has never been an era when so many of us have an opportunity to make a real difference in the world during our pinnacle years.

Accepting this responsibility to put our decades of experience to good use can create a better more fulfilling retirement.  Merri and I hope they help bring purpose and clarify your destiny to you.

Gary

Learn how to have a better retirement with writing to sell.

Learn about our online writing and self publishing course here.

Writer’s Camps – Recorded on MP3

Learn how to learn how to wrote and self publish from our recorded Writer’s Camp…

Seven P Secrets of Self Publishing

When you write, you can work anywhere. 

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Here I am working poolside in the winter, at our Florida farm.

gary scott

Here I am with our hound Ma, working during the summer at our North Carolina farm.

Learn how to earn everywhere, while living anywhere you choose.  I have been able to earn by writing in Hong Kong, England, the Isle of Man, Dominican Republic and Ecuador to name a few of the place I have lived.  Everywhere I have been… too numerous to share here, I have been able to work.

All I need is my laptop.

That’s all you need too… a laptop to be free!

Before computers, a pencil and pad did the job.

Freedom is just one benefit you can gain from writing.

Another benefit is income.   Writing has brought me both our farms, free and clear… plus a lot more.

Another good example of earning potential is my friend Hugh Howey.   He was working for $10 an hour in a book store when he self published his novel Wool, typing in a storage room during his lunch breaks.

Soon he was earning over $100,000 a month on Amazon.com.  This helped secure a six-figure book deal from Simon & Schuster, and an option for film by Ridley Scott, director of Blade Runner and Alien.

That’s what he’s doing now.

Hugh Howey

Sometimes Hugh and I get together at my  farm and play chess (he beats me badly).

Writers like High are great inspirations.

A couple of years ago Hugh  left Florida, and moved to South Africa.  He had a sailing catamaran built for him and now can sail the world while he continues to write.

Hugh explained it like this: And that’s the miracle of working as a writer: I can do it from anywhere and everywhere. The past few years, I’ve done a lot of writing from airplanes and airports while on business trips abroad.  SAND was entirely written overseas while traveling through seven different countries; I think it’s a better story because of those inspirations.  In upcoming years, I may be writing near your home port.

Hugh’s a super star writer and his success could not happen to a more deserving and talented person.  He pours enormous energy into being worthy of his readership.  But you do not have to be a million dollar a year earner or a traveler to benefit from writing.

The good news is… you do not need a huge success to have a rich and fulfilled lifestyle.  Self Publishing can bring you a life that most people only dream of, as a journeyman writer, instead of a super star.

May I hastily add that the path to stardom begins as a journeyman… so the journeyman’s path brings success without stardom… but can also lead to stardom.

What most success stories like Hugh’s rarely explain is the many hours of writing that was devoted before their self published book sales soared.   Hugh, like most writers were journeymen first.  Stardom came later.

Here are sevens secrets that can help you become a journeyman writer. 

The secrets are a writer’s armory of tools that allows almost anyone to create successful publications for income, freedom and fulfillment.

Take Merri’s and my publishing business as an example.  

Merri and I are not writing stars.  We are journeymen who have for more than 40 years, year in and year out, earned solid income writing and self publishing dozens of publications about multiple subjects.

Some years that income has been more than solid… over a million dollars.  Yet in terms of stardom, we are hardly known.

In a moment you’ll see why that’s fine for us and probably will be for you too.

First some history.

Merri became involved in self publishing over 40 years ago… first helping a veterinarian publish a book on a very specific market… animal acupuncture. Then she showed a needle point artist how to sell more books to an even more specific audience… “needle point enthusiasts”  about her needle point work to an audience larger than the population of the city she lived in.  This led Merri to eventually become Executive Editor of an award winning magazine in Florida.

My story allowed Merri and me to work and live from Hong Kong to London to Europe to Eastern Europe, then the Caribbean and then Ecuador… making millions in the process of following our adventures… having fun… while helping a large readership adapt to a rapidly changing world.

That’s what self publishing can bring, profit, adventure and fulfillment, a great feeling of worth and wonder.

Self Publishing has created exactly the lifestyle we desire allowing us to span the world and work with meaning and purpose.

Self Publishing has become a new business art form. 

The seven secrets can help you start your own self publishing business now.

Everything in publishing is new and exciting and changing.  Publishing is being recreated by the wonderful power of destructive technology.

Everything is new… except the seven secrets. 

Change in the publishing industry is disturbing many.   We love this evolution due to these seven secrets we call the 7Ps.  The 7 Ps are so fundamental to writing and publishing that new technology enhances rather than reduces their power.

The First P is Passion.

Whatever your passion, you can immerse yourself in it AND create income with self publishing.  This can be your direct ticket to the kind of fulfillment you’ve always wanted.

Whether you want to travel the world or live as a recluse, work 12 hours a day or not work much at all,  you can set your schedule to succeed, if you’re willing to learn these seven secrets.

You can start part-time with any dream, passion, and budget.  Once you’ve created a product, you’ll enjoy the “multiple effect” of producing profits over and over again.

So the question is… What do you love to do?

What’s Your Passion:  An example is that thirty years ago, a client of Merri’s had a passion to help people who were in pain?  He published a series of pamphlets explaining various chiropractic disorders in very simple terms.  For example: “What Is Whiplash?”

The pamphlets contained solid information, but were simple 5″ x 7″ brochures with drawings and explanations. He sold them with a rack to chiropractors, who put them in their offices for patients to read.  These little self-published items sold year in and year out for decades.

There are thousands of ideas of this sort that can lead to big business.  It’s just a matter of defining and then acting on your passion.

Although I can work when I please and go where I wish, for me the most important reason for being a publisher is the satisfaction it brings. 

I love the projects I take on, so work doesn’t feel like, well… work.

What do you love?  If you love golf, then you can write and sell publications about golf.  Love travel, fishing, dogs, dolls, or art?  Write and sell publications in these fields.

Are you concerned about crime, war, poverty or environmental issues?  You can publish information products that help reduce these concerns.

Would you like to help the world be a more spiritual place?  Publish a newsletter, write a book (or hire someone to write it for you), record a tape… publish something that enlightens people.

Whatever your passion, you can immerse yourself in it and earn income by publishing for ereaders, print on demand, CDs, lists, bound books, or any format you choose.

Be immersed in your passion and get paid well for it. 

This is why stardom is not the main goal for most writers and self publishers.  Extra income, more freedom and fulfillment are usually more than enough enough.

The seven Ps are:

#1: Passion

#2: Problem

#3: Person

#4: Profitably Priced Product

#5: Prospecting Pathway

#6: Promise

#7: Presentation

The first time I exposed others to the secrets in Self Publishing was in a weekend “Writer’s Camp” seminar.  We offered the camp for $1,500. 80 delegates enrolled.  People from all walks of life attended—chiropractors, businessmen, investors, doctors, realtors, inventors, airline pilots, engineers, and housewives.

Merri and I were so overwhelmed by the response, we decided to make it available to a larger audience.  We created a written course based on our current self publishing activity called “Self Fulfilled – How to be a Self Publisher.”  Then we recorded the weekend “Writer’s Camp” seminar.

Thousands have used the course as it has evolved over the decades.

You can receive both the written course and the recorded weekend seminar, in an MP3 file, in a special “Live Well and Free Anywhere” program I am making available to you.  The normal fee is $299 for the written course and $299 for the recorded workshop.   I’ll send you both the course and the recorded workshop and my course “International Business Made EZ (also $299) all for $299.  You save $598.

We are so confident that you’ll gain from this offer that if you are not fully satisfied, simply email us within 60 days for a full refund .

These courses are not theoretical.  They describe, step-by-step, how Merri and I built a million-dollar international business and how we are running this self publishing business right now.   We use the 7Ps today just as we did four decades ago to create a strong annual income.

This correspondence course is for those who would like their own international self publishing micro business for fun and profit. If you want fun, freedom, extra income and fulfillment with your own full or part time writing or want to build your existing business, by writing to sell you can profit from this course.  The course can help who want their own business or who want to have a business together or a family business.  This is the perfect course for those who can no longer find employment, who are looking for ways to earn abroad and who wish to retire and supplement their income.

Whether you are retired, an investor, chiropractor, doctor, dentist, professional or already own your own business, this offers another way to make money, to turn your passion into profit. We guarantee that we have shared all we know to help you start and run your own international business.  Enjoy and live a life of following your Passion to Profit… through writing.

Here is a special offer. 

We provide two emailed courses  “Self Fulfilled – How to Write to Sell and be a Self Publisher” and “International Business Made EZ”.

We include the “Self Fulfilled Writing and Self Publishing Course” because there are two reasons to write, when you have something to say or when you have something to sell.  In this day and age many of us want to do both, make a statement that makes the world a better place and earn something extra in the process. 

Whatever your passion, however you do business, chances are you’ll be writing either to create a product or to sell a product. 

You save more than $598 because you also receive a recorded webinar conducted by our webmaster David Cross (at no extra cost).

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David Cross

David has been our webmaster since our website began in the 1990s.  He is Merri’s and my business partner. We could not run our business as we do without him.

Learn the tactics we use in our web business that condenses 27 years of practical experience about search engine optimization, and writing for search engines.

For the last 27 years David has worked with companies large and small – IBM, Agora Publishing, AstraZeneca and many small business owners.  He has worked in 22 countries, and lived in six of them.

David’s clients span the globe and represent companies and charities both large and small.  From corporate giants to small, one-woman businesses and everything from finance, healthcare, publishing, technology, real estate, veterinarians, alternative health centers and everything in between.

David is an essential part of our web based business.

Myles Norin, CEO of Agora, Inc.  wrote:  “I have found David’s knowledge and experience unmatched in the industry.  Without David’s expertise and guidance for the past 7 years, we would not be nearly as successful as we are.”

As Senior Internet Consultant to Agora Inc. in Baltimore, MD, he worked closely with Agora’s publishers and marketers and – over a 7-year period – helped to propel Agora’s online revenues from around $20 million to well over $300 million.

David’s webinar will help you gain benefits in your micro business that large internet marketing companies use.  In this practical recorded workshop you will learn valuable skills to help your micro business.

There has never been a time when the opportunity for small businesses abroad has been so outstanding.  Expand your borders now!  Increase your economic security freedom, independence and success.

If you are not fully satisfied that this offers you enormous value simply email us for a full refund within 60 days.  You can keep all three courses as our thanks for giving our courses a try.

You also receive a report  “How to use Relaxed Concentration to Brainstorm Business Ideas” and a recorded workshop “How to Become and Remain Rich With Relaxed Concentration” at no additional cost.

Plus you get more in the program.

You receive regular writing and self publishing updates for a year.  Businesses usually need to evolve.  Merri and I continue to publish and have our independent businesses.  Some basics have remained for decades, but new strategies occur all the time throughout the year.  We’ll be sending along updates that share our most recent experiences as we learn and continue to grow our international micro business from Smalltown USA.

My special offer to you in this “Live Well and Free Anywhere Program”, is that you receive:

  • “International Business Made EZ” course
  • “Self Fulfilled – How to Write to Sell” course
  • Video Workshop by our webmaster David Cross,
  • The entire weekend “Writer’s Camp” in MP3,
  • MP3 Workshop “How to Gain Added Success With Relaxed Concentration”
  • Any updates to any of the courses, workshops, reports or recordings for a year.

We are so confident that you’ll gain from this offer that if you are not fully satisfied, simply email us within the first three months for a full refund . 

Order “Self Fulfilled – How to Publish to Sell” and a quarter of update lessons $79.   Click Here.

Order “Self Fulfilled – How to Publish to Sell” and a full year of update lessons $299.  Click Here.      

See success stories from Self Publishers and a few who have attended the “Writer’s Camp” that you will receive on MP3.

 

New York Times article Making a Move Abroad, and Working There, Too