What do I do about my bank account and investments while I backpack around the world ?
Posted by admin on 21 May 2008 12:26 pm. Filed under Packing & Preparation.
BarCo asked:
I am planning to quit my job, sell all my belongings, end the lease on my apertment, take my savings and travel around for a year. I need to maintain cirtain things while I am on the road like a bank account and my investments, I can do all the administrative stuff online but I think they want me to have an address. Where do I have mail go for a whole year and what about taxes on investments ?
I am planning to quit my job, sell all my belongings, end the lease on my apertment, take my savings and travel around for a year. I need to maintain cirtain things while I am on the road like a bank account and my investments, I can do all the administrative stuff online but I think they want me to have an address. Where do I have mail go for a whole year and what about taxes on investments ?
On May 21st, 2008 at 12:29 pm
Just burn and sell everything, the chances of you coming back alive are slim.
On May 21st, 2008 at 10:05 pm
you do not need to do anything,
also in this day and age, you can
check balances and a lot of things from anywhere in the globe.
If you need an address? what about a post office box,
or some of your friends’s addresses?
On May 22nd, 2008 at 8:42 pm
I’ll take ‘em.
On May 22nd, 2008 at 11:28 pm
Talk to a VERY responsible family member. One that doesn’t plan on moving soon and offer to pay them a fee to assist you while you’re out of town. If their responsible, they’ll probably do it for free.
Or, hire a bookkeeper… they generally work for $13-$16/hour and you can have your mail go there. There’s always a local bookkeeper (or two) in every town or city or ask a local CPA.
Last resort, pay mailboxes etc, or the UPS Store to hold your mail for a year!!
Good luck!
On May 25th, 2008 at 2:41 am
What is an apirtment and cirtain? I am surprised you have any belongings, but I think backpacking anywhere but in the U.S. would be good, because very few people here would think you speak English.
On May 28th, 2008 at 9:07 am
You can hook everything into Internet, then check in Cyber Cafe’s and hotel computers when you get near civilization. AS far as mail, I would simply contact the Post office directly and ask for their suggestions.