Description

Trump just fired key members of Puerto Rico’s Federal Control Board, and the ripple effects could reshape the island’s financial future. In this Wealth Wednesday episode of the Latin Wealth Podcast, we break down what this shake-up could mean for the $50B+ already restructured, the $12B PREPA standoff, and why salaries, delays, and governance have sparked controversy. We also talk real-life infrastructure challenges on the island and close with a listener question about protecting access to your money if you live abroad.

What you’ll learn

• What the board does and why the firings matter now
• How unresolved PREPA debt and bondholder battles impact residents and investors
• The tension between high electricity costs and slow grid recovery
• Why compensation, efficiency, and oversight are under the microscope
• Practical tips for expats: banking, distributions, and tax considerations when living overseas

Listener MailbagWe answer a question on how to safeguard access to funds (401(k), IRA, bank accounts) while living abroad, and what to consider about taxes and distributions. Submit your questions for a future episode.

Join the conversationDo you think these firings will help or hurt Puerto Rico’s recovery? Drop your thoughts below and share this with someone who follows Puerto Rico’s economy and policy.