Live And Invest Overseas Podcast #9: Medellín, Colombia?! You’ve gotta be kidding me!

Ninth podcast episode by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast.

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Here are the question addressed in today's episode:

Charles C. from the United States asks:
 
In a recent comment, you seemed to mention in passing that you recommend new expats do not take their cars with them. Could you elaborate on that? Seems a pretty radical idea to move to a foreign land with no transportation.
Kevin G. from the United States asks:
 
Kathleen, a financial planner recently told me that if I establish overseas bank and investment accounts that will raise a red flag with the IRS and I will be audited annually. Of course I will report the accounts to the IRS, but is there any truth to my advisor’s concern that having overseas accounts would trigger regular audits?

Anonymous in the United States:
 
Medellín, Colombia?! You’ve gotta be kidding me! Foreigners are prime targets for kidnapping and ransom by scores of different gangs, and it is rumored that even some police cooperate with them for money as well as do some kidnapping themselves to supplement miserable salaries.

Very few if any victims are ever seen alive again even when ransom is paid. Now add the fact that the drug cartels own parts of the city, the country, the government, the military, and the police…

This must be a very old article you’ve just published, written years ago. My info comes from a U.S. government intel agency and is up to date. The information in your article can be dangerous if taken as reality.