Have just read an article on escapewealth that talks about "is 2012 the last year for opening an offshore bank account for Americans". I don't understand a lot of it, and am wondering if any of you know anything about it. Is it aimed at the "rich" that are "hiding assets" outside of the country, or does it include those of us collecting Social Security, military retirement, and VA disabilty checks? Do we really have to move what little we have before 2013? What about those monthly deposits? We have enough to live in Panama, but would not if the checks stopped or had 30% withheld by the government. I am sure we would find a way. Any input? Thanks
