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    Tips for Comfortably Retiring on a Tight Income

Baby Boomers can still retire, even on a tight income, by taking steps to stretch their dollars! 

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Baby Boomer Retirement in Belize

by Kathleen Peddicord

Belize is a sleepy Caribbean nation with but 300,000 people and three highways.

On the other hand, little Belize offers a whole lot of what many tourists, retirees, and investors are looking for: sandy beachfront, both along its mainland coast and encircling its offshore cays. Prices for a bit of sand on Ambergris, the most developed of Belize's islands, are through the stratosphere, and values along the mainland, especially south around Placencia and north at Corozal, are following suit.

Homes sell for $75,000 to $300,000, depending on oceanside proximity and modern amenities. Rentals: Begin at $250 to $500 per month, again depending on location and features. Source: AARP

Still, Belize, both its coast and its way of life, can be a great buy. We favor its interior Cayo region, which boasts Mayan ruins, caves, rivers, waterfalls, and rain forest.

The Word Is Out -- And a New Breed of Expat Is Quietly Finding Its Way to Safe Haven Belize


Little English-speaking Belize has always been popular for its reefs, ruins, rivers, and rain forests. It's a country of stunning beauty and rich resources, dear to the hearts of sports adventurers, free spirits, and eco-travelers.

Now, a new breed of expat is making its way to Belizean shores. Software millionaires, doctors, financial planners, real estate agents, entrepreneurs, website geeks, bloggers, musicians, artists...

Plus people just like you...savvy, independent thinkers who are seeking out safety and freedom in this beautiful and welcoming English-speaking nation.

Why You Don't Have To Worry About Outliving Your Nest Egg...

You can retire in style overseas and live better than you do now...for as little as US$694 a month...

Live well--including a maid, a gardener, a driver--all on a Social Security budget...

Arrange health insurance for US$150 a month or less...some places, you can even enjoy free medical care...

Own your own home in the sun for as little as US$99,000...and wake up each morning to the sound of the waves on the sand...or the freshness of clean, mountain air...

In this brand-new video from Kathleen Peddicord, she explains the 10 Best-Value Destinations for Living and Investing in the World Today.

Go here now to watch Kathleen's free video presentation

For non-Americans, Belize offers the opportunity for tax-free living. Legal residency is easy to obtain through the country's Qualified Retired Persons (QRP) program. Foreign residents pay no tax in Belize on non-Belize income. Thus, be you British, German, Australian, or Irish, for example, you could become a QRP and reduce your overall tax burden to virtually nothing...

Plus, Belize is affordable, welcoming, safe, and home to an interesting, eclectic, engaging, and friendly population that includes a well-established expatriate community of like-minded adventurer-retirees who would love to have you join them. And the official language is English!

 Belize at a Glance

Population 294,385 (July 2007)
Gross Domestic Product (GDP) $2.336 billion (2007)
GDP Per Capita $7,800 (2007)
Inflation Rate 2.8% (2007)
Currency Belizean Dollar (BZD)
Exchange Rate Versus U.S. Dollar Belizean dollars per 1 U.S. dollar (Mar 2008)
Languages English (official), Belize Creole English, Spanish
Capital Belmopan
Population of Capital City 12,300 (2004)
Time Zone GMT minus 6
Seasons Tropical; hot and humid;rainy season lasts from June to November
International Dialing Code 501
Electricity 110/220 V / 60Hz; Plug Types: B, G
System of Government Parliamentary Democracy
Name and Party Affiliation
of Current Leader
Dean Barrow
United Democratic Party
Income Tax Rate for Residents 15% to 45%
Property Tax 2% to 9%
Capital Gains Tax None
Inheritance Tax None
Rental Income Tax  
Transfer Tax 3% to 10%
Sales Tax 9%
Restrictions on Foreign
Ownership of Property
None
Local Chamber of Commerce www.belize.org/bcci/
63 Regent St
P.O. Box 291
Belize City
Tel: 501-227-3148
American Chamber of Commerce www.amchambelize.org
5 1/2 Miles Western Highway
Cucumber Beach Marina
Belize City
Tel: 501-222-4344
Primary Exports Sugar, bananas, citrus, clothing, fish, molasses, wood.
Residency and Visa Requirements Tourist Visa: automatic 30 days upon entry, renewable for up to 6 months
Residency: visa extended every 3 months for people living in remote areas away from the Immigration Office, potentialinvestors, and business people
Citizenship: After 5 years of legal residency
Special Benefits for Foreign
Residents or Retirees
Qualified Retired Persons Incentive Act includes tax-free import of household goods, including vehicle, boat, or airplane; no Belize income tax
National Airline None

Argentina

Belize

Brazil

Costa Rica

Dominican Republic

Ecuador

Mexico

Nicaragua

Panama

Uruguay

   

Information on this page is provided in partnership with Kathleen Peddicord, Publisher of Live and Invest Overseas.

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