One of the most basic rules in the world of investing is to spread your risk and diversify your assets. Also known as not putting all of your eggs into one basket, this is a key if you want to minimize your risk and reduce your overall financial vulnerability.

If you are like millions of Americans, your IRA, or individual retirement account, is your primary safety net that you're relying on for financial security in retirement.

A trust is an arrangement whereby assets are protected by a trustee who manages them on behalf of others. Trusts are beneficial for a number of reasons, but many people choose offshore trusts in particular so that they can legally reduce their level of taxation and ensure that certain dependents or loved ones receive financial security in the future.

In Belize, you can start two different kinds of businesses: onshore corporations and offshore corporations. Offshore corporations are those that use Belize as a virtual headquarters and a place to secure assets but collect money for services rendered from people outside of the country.

In 1995, a piece of legislation called the Panama Private Interest Foundation became a part of Panama's financial laws. It was devised as a way to protect assets offshore, and it can be used both for philanthropic purposes and estate planning in much the same way that a trust can be used.

The benefits of having an SDIRA/LLC are clear. First, investors who move their IRAs offshore to self-direct them have greater freedom over the potential of their assets.

A trust is a way to protect assets for specific individuals. If you create a trust, you can reduce your taxes immediately, guarantee that certain assets remain unsold and offer financial security to loved ones in the future.

An LLC, or limited liability corporation, is the name for a business that operates with one person or a partnership but also takes advantage of limiting liability at the personal level.

A mutual fund is defined as a collection of funds, pooled by several investors, that is invested in a range of stocks, bonds and other financial assets. Generally, the whole mutual fund is overseen by a single money manager, and the investors benefit by enjoying a diversified portfolio no matter what their level of investment might be.

For many Americans, an IRA, or individual retirement account, is a big part of their retirement savings and financial safety net for the future.