Valerie J. Blanks, JD, LL.M., a former corporate tax attorney and now a Strategic Partner at the Latitude Group, provides invaluable insights into using retirement funds to secure a Portugal Golden Visa.
“Using your IRA or 401k to fund a Portugal Golden Visa is not just a smart financial move,” Valerie explains, “but also a very powerful way to diversify your investment portfolio while unlocking true global mobility. Many people are not aware that they can leverage their retirement savings for this purpose without incurring penalties or tax liabilities.”
Many investors are unaware that retirement funds can be utilized to finance their Portuguese Golden Visa. While it is true that withdrawing funds from your IRA or 401k before retirement age incurs financial penalties and risks tax liabilities, there is a smart alternative: opening a self-directed account.
By utilizing your retirement funds, you are not taking any of your liquidity out of circulation for 5 years. Instead, you are putting your investment savings to good use.
There is no stipulation that you have to invest your retirement fund in the US. You can diversify your IRA portfolio with similar investments in a foreign country. As such, why not make that country Portugal?
Portugal’s appeal extends far beyond its Golden Visa program. The country offers a vibrant lifestyle with stunning beaches, a pleasant climate, and a rich cultural heritage. Whether you’re planning a vacation or considering permanent residence, Portugal’s welcoming atmosphere and modern amenities make it an ideal destination.
At the Latitude Group, we specialize in guiding investors through the Portuguese Golden Visa process. From setting up self-directed retirement accounts to navigating the application requirements, our experienced team ensures a seamless experience tailored to your financial and residence goals.
Don’t wait until retirement to start building your global lifestyle. By leveraging your IRA or 401k, you can secure European residence and citizenship, all while optimizing your financial future.
Contact Latitude today to take the first step toward unlocking the benefits of a Portugal Golden Visa.