November 20, 2016 — Editor’s Note: This article was written for our Tips & Picks section by Andrew Mastrandonas and Preston Gitlin, who lived and developed property in Costa Rica for many years (they have since moved on to other adventures). We have updated it and moved it here to the Blog so that people will have an easier time commenting on it. Their insights and advice remain true not only for Costa Rica, but for buying real estate in any foreign country. It is the First of a series.
Costa Rica is an alluring place for many people. With a terrific climate, stable and democratic government, proximity to the United States, lower cost of living, unbelievable scenery and wildlife, plus many outdoor and cultural activities, it is no wonder this country only the size of West Virginia remains one of the best in the world for retirement, investment, or a vacation. Over one million people visit Costa Rica each year generating about (more…)
Posted by Admin on November 19th, 2016
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
The news also has implications for retirees. For one, it will be easier to visit, (more…)
Posted by Admin on December 17th, 2014
November 4, 2014 — Have you ever dreamed about retiring on an island? A relaxing place with warm breezes, the gentle sound of lapping waves, endless sunshine, and friendly locals? You certainly wouldn’t be the only person to share that dream. This article will review the pros and cons of island living, plus share 2 list of islands that might be good retirement spots – a domestic list we created and another, the 10 best tropical island retirements from NextAvenue.org.
There are islands – and there are islands
Some people’s idea of an island for retirement might be domestic, such as an island on a big lake in Michigan, one of the many off of the Maine coast, Catalina Island near (more…)
Posted by Admin on November 4th, 2014
By Billy and Akaisha Kaderli
Does living in the States just cost too much?
We realize that not everyone wants to own property even if they have the assets to do so. Some people might not want to tie up their net worth in real estate but they have cash flow upon which to live, perhaps to enjoy vacations and foreign travel. Maintaining a comfortable lifestyle in the States can be costly. You might still have a mortgage, there are home repairs and property taxes, the price for owning and maintaining a car is high, and don’t forget about dining out, groceries and entertainment costs. For a modest-yet-comfortable home life you can pay three to four thousand a month easily.
But what if there was an additional (more…)
Posted by Admin on July 1st, 2014
June 11, 2014 — Our friend Rick recently wrote us with a great question on how ex-pat retirees deal with healthcare and healthcare insurance when living in another country. We thought we had addressed this question in the Blog before, but after careful searching it doesn’t look like we did that in any great depth.
Here is the question:
Recently one of our Bayview Park tennis players was traveling to Mexico, where he fell gravely ill and needed an emergency operation… Now it seems, since he first got sick on the plane flying there, Medicare will reimburse him for medical costs in Mexico… I will be traveling to Mexico soon myself, where I used to live, and may be spending more time there again. My question is about medical care and coverage abroad. I understand there are Medigap policies that may cover this, but I was wondering if (more…)
Posted by Admin on June 10th, 2014
February 3, 2014 — You have probably seen the ads with the alluring promises – live in luxury on your Social Security income, kick back while a maid and gardener toil away for just a few dollars a week, enjoy great food and fresh fruit, and experience wonderful medical care complete with inexpensive house calls. While all that might be true in some instances, there is a darker side of international retirement that the ads aren’t going to tell you about. This article will show you the other side of the coin, so you can make a more educated decision.
International Retirement Is Great for Some Folks
For some people an international retirement is a terrific (more…)
Posted by Admin on February 3rd, 2014
November 19, 2013 — Note: Since this article was written we have added more country guides to the original 10, and will continue to add them here.
There is an intrepid group of people out there whose dream for retirement involves moving far away to an exotic location in a foreign country. For citizens of the US and Canada, that often means retiring to Mexico, Costa Rica, Central America, or a country in South America. Retirees in Europe and the UK tend to favor southern Europe or even Southeast Asia. Such retirements bring with them a number of challenges, along with advantages. Today we are pleased to announce new mini-guides to international retirement in 10 countries. We plan to add more (more…)
Posted by Admin on November 19th, 2013
April 23, 2013 — Notes: This is Part 2 in our recent series about International Retirements. Part 1 provided our list of the “10 Best International Places to Retire“. Also of note, Part 1 generated an interview request from Radio Kerry (Ireland), which was delighted in Ireland’s #1 ranking on our list. The short radio conversation (Ireland Is Best Place in the World) was fun to do, you might find it interesting to listen to.
If you happen to be on the mailing list for some companies it would be easy to think that an international retirement is your ticket to paradise. One that includes plentiful maids and gardeners, cheap but glorious real estate, doctor house calls for (more…)
Posted by Admin on April 23rd, 2013
Updated August 4, 2014 — Editor’s Note: In 2013 one of our Members, Glenn, shared his thoughts with us about his extensive travels in Puerto Rico. We think they give an interesting perspective about what it might like to retire there. A slightly edited version of his comments is published below. At the end of his comments we’ve added a few our our own, and then in August 2014 Glenn provided yet another update (see Comments) And Thanks Glenn!
I have been visiting Puerto Rico about every three years from 1989 to 2012. I live in the Bronx with a wife of Puerto Rican descent, though she was born here in U.S. I am about as white/Anglo-Saxon as they come, growing up in a Queens, N.Y. neighborhood. When I moved to the Bronx to work for Social Security nearly 40 years ago, it was like moving to another country. I met many beneficiaries from Puerto Rico and learned much about the people of the island from my professional and personal contacts.
We wanted our children to learn much about their (more…)
Posted by Admin on April 1st, 2013
March 26, 2013 — Note: This is Part 1 of a 2 part series on international places to retire. Part 2 is “The Pros, Cons, and Considerations of an International Retirement“.
Our friend Dennis asked us recently where we thought the best place to retire was – internationally. The question took us by surprise, partly because it came from a man who has traveled the world extensively, and who also has a home in Costa Rica – wouldn’t Dennis have a better grip here than us? The question got us thinking and looking back through our past Blog articles – just what do we think are the best places to retire internationally?
It turns out that, although we have written many articles about international retirements, most of them have to do with the issue of whether or not to retire abroad, rather than where to do it (see end of article for references). You will note that our list is quite different than what you might see from the usual providers of “best international places to retire”, especially those aggressively promoted by International Living. We can’t figure out what is so great about retirement in Latin America, other than perhaps the cost of living – so our list is much more Euro-centric. Call us conventional, but we like: stable (more…)
Posted by Admin on March 26th, 2013