Obama Announces Normalization of Cuban Relations: How That Might Affect Your Retirement

Category: International Retirement

December 17, 2014 — The Obama Administration and Raoul Castro opened up the way to a normalization of relations today. Although limited in scope, it appears that family travel will be permitted, remittances will be made easier, and the U.S. will open an embassy in Havana. Americans will also be able to bring back up to $100 worth of cigars and rum, which is likely to be very popular (your editor was in Cuba in November, and wished he could have done so!).

Everybody loves the 1950s American cars here

Everybody loves the 1950s American cars here

The news also has implications for retirees. For one, it will be easier to visit, particularly if you have family there. Widespread tourism is likely to follow. And thinking big and possibly long-term, Cuba could be an interesting retirement spot for the intrepid. It has fabulous beaches, great scenery, and interesting cities. Real estate is inexpensive, and the cost of living is low. Currently Americans are prohibited from owning property in Cuba, and though illegal, the practice does exist through intermediaries.
But all of that could be a long way off. Meanwhile, it will be most interesting to see how this plays out.

Check out these Cuban pictures and observations
For a fun snapshot at what it’s like to visit Cuba, check out this Blog post from your editor’s wife, Lucy Burdette – “A Visit to Cuba: Taking Things for Granted

The Havana skyline

The Havana skyline

For more car photos check out the Topretirements Pinterest board on the “Old Cars of Cuba“.

Posted by Admin on December 17th, 2014

1 Comment »

  1. […] For further viewing – see the Topretirements Pinterest board of Old American Cars in Cuba – over 40 pictures. President announces normalization of relations with Cuba […]

    by » Baby Boomer Nostalgia Gone Wild – 50s American Cars in Cuba - Topretirements — December 25, 2014

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