Belgium a Retirement Haven?

Inadvertently, the Region of Flanders in Belgium is positioning itself as a retirement haven for retired entrepreneurs from all over Europe. In reaction to a decision of the European Court of Justice, Flanders has changed its inheritance tax legislation so that businessmen can come and live in Flanders and save on inheritance tax on their estate.

To qualify for the inheritance tax exemption, the entrepreneur must
be domiciled in Flanders;
Have held, together with his family, at least 50 percent in a company
that is established in the European Union,
that has staff in the European Economic Area with an average salary cost of €500,000 during the last three years (that level must be maintained for five years),
That drafts annual accounts in accordance with the Belgian rules (that is attached to the company’s income tax return) or in accordance with the legislation of the country where the company is established; and
of course, the heirs must have declared the participation in the inheritance tax return.

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First USA baby boomer applies for Social Security

The Silver Tsunami has started!

The nation's first baby boomer applied for Social Security Monday, the start of an avalanche of applications from the post-World War II generation.
Kathleen Casey-Kirschling, a former teacher from New Jersey, applied for benefits over the Internet. Casey-Kirschling was born one second after midnight on Jan. 1, 1946, making her the first baby boomer -- a generation of nearly 80 million born from 1946 to 1964.

She'll apply — online — for Social Security at a public ceremony. When Kirschling turns 62, she'll be able to celebrate with that first monthly check. Celebrating may be short lived. Paying for 80 million retirees is not going to be cheap.