3 ms·

You really changed your life plans because of FATCA? Are there really no banks in Central America willing to work with Americans? I'm in Singapore, and though I

by dangjc 11y ago

You really changed your life plans because of FATCA? Are there really no banks in Central America willing to work with Americans? I'm in Singapore, and though I've had to close one bank account due to it, I've had no problems with my others. Filling out an FBAR the first year took me a couple of hours to figure out, but every year after it took me like 10 minutes.

mark_l_watson 11y ago
Yes I did. My wife and I had a pro and con sheet for reasons to move and reasons not to move. FACTA tipped the scales, so to speak, and we decided to not do move. I am still a little sad about our decision though. I think that life is more interesting living in different places, doing different kinds of jobs, etc. BTW, I didn't want to move for financial reasons as much as wanting a low key lifestyle. There is something about Central America that makes me feel great just hanging around. Anyway, my wife and I live in the mountains of Central Arizona, and I also love our lifestyle here, so life is good.