Six weeks ago, I left my luxurious, sea-view condo in Costa Rica (my second home) to return to my first home—Malta, a Mediterranean island, surrounded by turquoise waters. Relaxing with a glass of champagne in First Class on the way over to London, I knew I was going to miss the long, sandy beaches, stunning sunsets each night after playing beach volleyball, and the amazing wildlife and postcard-perfect scenery.
It wasn’t the practical reasons, like lower cost of living, great—and cheap—medical care, and friendly people, that convinced Dave Scott to move to San Ramón, a town on the western edge of Costa Rica’s Central Valley region. Though the country has all those advantages and more, and while those were factors in the decision, it was something else that drew him. “It was like an invisible string around my neck pulling me here,” says Dave. “It’s more of a heart thing than a head thing. It’s hard to explain. It was just the feeling I had.”
People come to live in Panama for lots of reasons. It’s one of the world’s best destinations for retirees, and if you’re keen on running your own business, it’s got much to offer. But if your dream is to establish a winery, then most folks will tell you to look elsewhere. David Feinstein and Kersti Landeck are not most folks.
It’s possible to pursue your hobby and bring in some cash before and during retirement. These hobbies can help you to fund your life as a retiree overseas. If you’re dreaming of an apartment in Paris...a beach house in Ecuador...a farmhouse in Italy...and the only thing holding you back is lack of capital...then read on. Your interests can turn into a career that you love...
When Cliff Wilson Jr. discovered that his parents were leaving San Francisco to move to Belize and set up a sailing business, he had just one reaction: "Can I come too?" At the time he was working as director of a ski resort in Tahoe, but the sparkling waters of the Caribbean were impossible to resist.
If you make your money online, there are some great benefits to locating yourself in Panama. One of them is gaining residence on the basis of your economic activity. Panama welcomes expats…and if you register your business as a corporation, you can easily apply for a residence visa. Online workers may not have the same need to officially register their business—the way bricks-and-mortar entrepreneurs do—but becoming a legal resident is a good idea.
If you are looking to maximize your cumulative potential lifetime benefits it almost always works best to claim your benefits at age 70. However, life is not just about maximizing potential income.
When I'm back home in the States, I'm often asked why I moved to Belize. It's not a difficult question to answer...but with all the things I love about living here, the answer can be a long one.
"Sitting on my sofa, I can look out to the Caribbean Sea and watch the water crash over the barrier reef," says Rose Alacantra. "The view from my condo connects me with nature. It helps frame my day-to-day attitude."
Cusco, in a valley high in the Peruvian Andes, has a history going back centuries. Starting in 1400, it was the capital of the vast Incan empire.