There was an article on Yahoo this week that showed a couple living in Belize on his social security check alone which amounted to $1500 per month while they banked her social security check. They are living like millionaires ocean front with no snow to worry about this winter. Why did they do it? Lets do some digging.
10 Most Popular Retirement Havens Abroad
Kathleen Peddicord, who has been traveling abroad for the last 25 years, says Belize is number 2 on her list of The 10 Most Popular Retirement Havens. She list them on her website in an article entitled Live, Retire, Invest Overseas :
#9 Dominican Republic
Why Leave the USA?
Well for starters the cost of living is what it was in the USA in the 60’s, which means their retirement dollar goes a long way. You can rent a nice 3 bedroom 2 bath in Belize for around $850 per month. It is a tropical climate and most all Belizeans speak English or some form thereof. Not to mention their economy is growing so an investment in a home in Belize at zero interest or zero percentage down can net you a nice little sum in 5-7 years as their economy matures.
What About Health care Overseas?
Good question. It’s excellent as good or better then here. Plus the lifestyle is healthier and more conducive to older mature folks.
Everyone is always so surprised at the fact the health care is better and cheaper. But the truth is most places overseas are better and cheaper.
In International Living’s August 2010 article Look Like a Czech Model for $3,054 they say “Once you start, it’s surprising how many top-class medical centers you’ll find worldwide”. Because overseas health care is more affordable you get to keep some of your high insurance premium’s you would pay in the USA. Like 50% or more! That alone is reason to retire overseas.
What About Communications Overseas?
I have a daughter in Japan right now and with the internet I talk to her free either on my cell phone or Skype as much or more then I did when she was living stateside.
Almost all the industrial nations have wireless communications and you can stay connected as easily as you do in the USA only cheaper.
Well that’s a taste of living abroad or retiring overseas were its simple, safe and fun.
Live, Retire, Invest, Overseas, August 11, 2010, www.liveandinvestoverseas.com
Yahoo How to Live and Retire Comfortably on Under $1500, by Kathleen Peddicord, August 14, 2010
International Living, August 2011, Look Like a Czech Model for $3,054 by Josef Woodman