Ted Baumann is International Living’s Chief Global Diversification Expert. He's traveled to nearly 90 countries and is a dual citizen of the United States and South Africa. Born in Washington DC, he grew up on Maryland's Eastern Shore.
As a young man he moved to Cape Town, where he attended university, earning postgraduate degrees in economics and history. For the next 20 years he worked in the global non-profit sector, specializing in urban development. From 2008 to 2013, he served as Director of International Programs for Habitat for Humanity International. After that he switched gears, writing financial and wealth protection newsletters for affiliates of Agora Publishing.
Ted has been published in international research journals, as well as media outlets such as Barrons, Forbes and Cheddar. He co-authored Where to Stash Your Cash (Legally) with his father and former U.S. Congressman, Robert Bauman.
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Transferring money from the U.S. to Belize can be tricky. Not on the Belizean side, but thanks to U.S. banks.
Most U.S. pension plans and brokerages are happy to transfer money directly to a foreign bank account, obviating the need for a U.S. bank account. The Social Security system will also pay directly into a foreign account with no problem.
As an Irish citizen, you are now automatically also a citizen of the European Union. That gives you full rights to live and work anywhere within the EU, including Portugal. You do not need to have a visa to live, work, or purchase property in Portugal or any other EU country. That's why acquiring citizenship of an EU country is such a powerful tool.
Patrick K. Says: My father was born in Canada, so I believe I am eligible for a Canadian passport. As a 90% disabled Vietnam veteran, I receive a monthly disability payment as well as a Social Security payment. Would getting a Canadian passport jeopardize these payments? IL Global Diversification Expert Ted Baumann Says: Hi Patrick, Read more...: Will Getting a Canadian Passport Impact My Social Security?
This really depends on which countries you’re entering and exiting. Every country in the world requires that people who hold that country’s passport enter and exit the country on that passport. Entering or leaving the country on another country’s passport is typically a crime.
Curry G. Says: Hi Ted, Which country do you suggest for a second passport? Which one did you choose and why? IL Global Diversification Expert Ted Bauman Says: Ah, that’s the $64,000 question, as they used to say! There are so many variables involved. It depends on your goals and eligibility. In fact, that’s going Read more...: Which Country Do You Suggest for a Second Passport?
Linda L. Says: What is involved in establishing an overseas savings or checking account and what are the ramifications stateside? IL Global Diversification Expert Ted Baumann Says: Normally, to open a bank account in a foreign country you must have an ongoing connection with that country, typically some form of property ownership or residence. (Ironically, Read more...: How do I Open an Overseas Bank Account?
Peter C. Says: Hi Ted, I have a great-grandfather who was born a citizen in Ireland. Does that qualify me for an Irish passport? Thanks, and stay safe! IL’s Chief Global Diversification Expert, Ted Bauman Says: Hi Peter, Remarkably, with a population of just under 5 million, Ireland currently has at least 4 million official Read more...: Does My Irish Great Grandfather Qualify Me for an Irish Passport?
John M. Says: Hi Ted, I read your email yesterday and it’s interesting since I have European heritage. But are you sure it’s legal for an American citizen to have a passport from another country? IL’s Chief Global Diversification Expert, Ted Bauman Says: Hi John, Thanks for writing in! I understand your concern. To most Read more...: Is it Legal to Have a Second Passport?