02-07-2021, 09:15 AM
If you're going to maintain a balance in the 5-10k range, go offshore. Even if you have more than 10k and you don't mind completing the annual IRS declarations, go offshore. Many offshore banks are willing to work with middle income clients, though they will require you to maintain a minimum balance or face stiff fees. You can diversify to reduce your risk and gave accounts in a few countries, though the IRS $10k declaration threshold is cumulative. Do your diligence.
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