Not that long ago, you could buy a CD in a U.S. bank and get a decent rate of return…4% or 5% annually was typical. Sure, you wouldn’t get rich this way. But it was a safe and affordable way to build a nest egg. Today of course, times are very different. For nearly a decade, the Federal Reserve has kept interest rates at zero. And instead of paying 4% to 5% annually on CDs, now you’re lucky to get 1%.
Costa Rica has a lot going for it: lower cost of living, top notch medical care for a fraction of the cost of the U.S., bargain real estate, warm weather year-round, natural beauty, tremendous biodiversity, modern conveniences…the list goes on. It’s enough to make you fall in love with this small Central American country.
Right now the U.S. dollar buys more in Europe than it has in over a decade. It means that this is a smart time to buy property in certain markets—including Ireland, Portugal, and Italy—according to the live-overseas experts at InternationalLiving.com. A €100,000 property that would have cost $139,000 last March costs just $106,310 right now, a discount rendered by the currency-exchange rate alone. “In good-value markets that made sense at ‘full’ price, this favorable exchange rate is effectively putting properties on sale, and the bargains can be unbelievable. The timing is right for Europe today,” says InternationalLiving.com’s real estate expert Ronan McMahon.
In International Living’s March issue, Roatan was named as one of the best islands to retire to in 2015. Having just returned from an exploratory trip of Roatan, that didn’t surprise me. So what exactly makes this island so special? Most islands are surrounded by a sea…but not all are created equal. If, like me, you find the Caribbean Sea’s aquamarine hues and vibrant sea life irresistible, this article was written with you in mind… I’ve experienced many seas during my many travels. But the Caribbean Sea is my all-time favorite. After my first trip to the Virgin Islands, my mind kept leading me back to the idea of investing in a property on the Caribbean Sea.
My wife, Cynthia, and I moved to Cuenca, Ecuador, almost five years ago with no plans other than to have fun and look for interesting opportunities. Retirement had kind of taken us by surprise. The "Economic Tsunami of 2008" slapped us pretty hard, so that retirement had arrived sooner than expected. Still, we had for years been envisioning what it would look like: a life where we were free to pursue the activities and interests we wanted to and not be held hostage by busy careers and hectic schedules.
Costa Rica’s Central Pacific coast has a long history as a beach destination. Costa Ricans from the Central Valley (the mountainous interior region surrounding the capital, San José, where most of the population lives), have been coming to the area for vacation and beach getaways for decades. And North American and European visitors have been right there with them for many years, too. They’re drawn by several factors, many of which also attract expats to the area for long-term living…
Mexico's Riviera Maya runs south of Cancun to Tulúm. The sand is white...and the water, turquoise. In the jungle, you'll find Maya ruins. Offshore, the world's second-longest coral reef is home to brightly colored fish. The biosphere at Sian Ka'an is a great place to hike, kayak, and study nature. The coral reef offshore attracts divers and snorkelers. Golf, hiking, spelunking in ancient caves...it's all here. Tulúm is, and will stay, boutique. The Sian Ka'an biosphere means that much of the land is protected. Development will be low rise and low density—that's if and where it's permitted. Yet, amazingly, you're just a 90-minute drive to the airport and two hours in the air to the U.S.
In this article, we outline the best five tropical island paradises for retirees. These places meet all the criteria needed to make them perfect retirement havens. As well as looking the part, all five of these islands—spread throughout the world—are becoming easier to get to as more and more flights open up to and from North America. Many tropical getaways have been consumed by commercialism, leaving them beyond every reasonable budget. But the islands on our list remain affordable, as attested by our expat experts on the ground. On some, it’s possible to live for as little as $1,500 a month including rent.
Panama, Ecuador, Belize and France offer the best retiree benefits in the world, according to International Living’s just-released annual Global Retirement Index 2015. In a bid to entice expats, these countries have assembled attractive benefits packages, which offer huge savings for foreign retirees on everything from travel to utility bills to medication. Topping the “Retiree Benefits and Discounts” category in the Index is Panama, which offers the best incentives for retirees in the world.
I was accidentally napping (it happens sometimes) in my favorite chair in the den when I was awakened by the loud, unmistakable lowing of a cow. It was the local milkman announcing his arrival with an amplified recording. In just a few minutes, we received our delivery of milk and cheese from his specially equipped motorcycle and cart. Other vendors regularly wind their way through our middle-class Mexican neighborhood selling fruits, vegetables, prepared food, bottled water, and even pots and pans. It is not only charming, it is convenient.