Baby Boomer Lifeboat   

    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! 

Tips, ideas and advice for making Baby Boomer retirement income go further!

 

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Baby Boomers - Retire in Costa Rica

Different than Mexico, But the Dollar Still Goes Further!

Situated between Nicaragua and Panama, many Baby Boomers choose Costa Rica as an ideal place to retire.  In some ways, it is more modern IF you live in one of the large cities.  The climate, however, can be hot and humid, especially along the beach areas.  The mountain areas are more temperate.  And the cost of property varies with how far you are from one of the major cities or beaches - the further away you are, the less it is. 

 

Political stability is one factor that has created a growing economy in Costa Rice.  However,  infrastructure outside the major cities is said to be "iffy," with roads, phone and Internet service and medical care spotty. And there are more legal hoops for foreigners than exist in Mexico for buying property and doing business in Costa Rica.

 

Nonetheless, Costa Rica is a beautiful place for baby Boomers to retire.  In most areas, housing costs less than what it does in the U. S. and hired help is a steal. Utilities (telephone service, electricity, and water) are cheaper than in North America.  With its exquisite mountains and delightful beaches, abundant flora and fauna, American communities, and affordable real estate prices, Costa Rica should definitely be checked out by any Baby Boomer considering relocating to a more affordable country.

 

Learn more at "Live and Invest Overseas


The carefully selected information below will help you to quickly learn about relocating to Costa Rica to enjoy your retirement years.  A good overview on this subject can be found on BabyBoomer-Magazine.com.

 

A word of caution - Recent reports say Costa Rica has become overpriced and that the infrastructure is crumbling. Plus, Costa Rica is said to be broke. So proceed carefully and do your homework!

 

What does AARP say?

 

Costa Rica is where you go to live the lush life. It is lush with nature—misty rain forests, extraordinary wildlife, active volcanoes, and fabulous beaches—as well as such comforting amenities as malls, supermarkets, restaurants, museums, and social clubs. U.S. retirees have flocked here for years, drawn by its mild climate, its prosperity (relative to other Central American republics), its literacy rate, its health care, and, significantly, its stable government—with no army. Another plus: Costa Rica's commitment to a thriving natural park system that is second to none in Latin America. This is as bio-diverse a country as you’ll find anywhere.

 

Whereas many beach-loving expats have settled in the resort towns and villages along the Guanacaste "Gold Coast" on the Pacific, the majority opt for the Central Valley, which is home to the capital, San Jose, and 70 percent of the Costa Rican (or "Tico") population. The outlying towns and villages of the Central Valley offer temperate, dry days and natural beauty, as well as the culture, hospitals, and shopping of nearby San Jose. (Regarding the weather, expats here like to brag that they can fine-tune their micro-climates by moving up and down the hills.)


Though not the bargain it was a decade ago, Costa Rica continues to draw moderate-income retirees to affordable Central Valley expat havens such as Grecia and Atenas (which claims "the world’s most perfect weather"). In 2007 Army vet Ron Keller, 64, moved from Washington State to Atenas, where he designed and built his own house in a gated community. "I wanted a change in my lifestyle," he says. Keller reports living comfortably on his military pension and Social Security, and is happy with his move: "Would I make the same decision again? Without question."

 

Texas retirees Skip and Donna Anderton, 63 and 58, moved to Costa Rica in 2009, and are renting a three-bedroom house in the town of Magallenes de San Ramon while building their own home. Skip says that they do nicely on $2,000 a month and praises the "excellent and economical health care." Their one frustration? They didn't learn Spanish (but are taking lessons now). Nevertheless, he says, "There are a lot of Ticos who speak good English, and those that don't go out of their way to communicate in some way There is a lot of sign language and a lot of smiling. Everyone is most helpful."

 

For more information about retiring in Costa Rica, see the complete AARP analysis.
 

A piece of advice.  Do your homework.  Learn about the pluses and minuses.  And before making any decision, take an extended vacation to visit candidate locations within Costa Rica.  Ideally, rent for the first year before making a decision to purchase property.

 

Argentina

Belize

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Costa Rica

Dominican Republic

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