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More American Retirees Seek Havens Abroad
NYTimes ^ | 7/30/05 | Hillary Chura

Posted on 07/30/2005 1:36:02 PM PDT by qam1

These days, some Americans heading for retirement are as concerned with pesos as pensions, and foreign language classes as Medicare. They are part of an emerging population expecting to spend their retirement abroad.

In January, baby boomers will start hitting 60 at a rate of more than four million a year. More mobile, active and adventuresome than prior generations, these 78 million Americans are rethinking retirement. Many will be lured overseas by a more affordable cost of living and temperate weather. Some will want to return to their native countries or to places where they once worked or studied.

Coreen Plewa and her husband, James, plan to move to Mexico in four years. They say they adore their home in Santa Fe, N.M., but will not be able to make ends meet once Mr. Plewa retires from teaching high school math. The Plewas and about 10 like-minded people have been meeting to discuss moves to Latin America.

"This is not like, 'I've got to get out of this hole,' " said Mrs. Plewa, who believes health care costs in the United States could eat up 40 percent of the couple's estimated $4,000 to $5,000 monthly retirement income. "We think our dime will go further."

*snip*

Mexico, Costa Rica and Panama are common retirement havens, but Nicaragua, Honduras, Ecuador and English-speaking Belize are making a push to attract retirees. Various countries in Europe are also viable alternatives, but current exchange rates make them less attractive for those with limited resources......

(Excerpt) Read more at nytimes.com ...


TOPICS: Culture/Society; Extended News; Foreign Affairs; Mexico
KEYWORDS: babyboomers; byebye; expats; genx; retirement; seniors
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1 posted on 07/30/2005 1:36:02 PM PDT by qam1
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To: qam1

This is not as new as one might think. The elite of this country have done this for generations.

It reflects the increasing access to travel more than anything else. It's also infulenced by the phenominal cost of real estate and medical services.


2 posted on 07/30/2005 1:38:53 PM PDT by Clintonfatigued (Mike DeWine for retirement, John Kasich for Senate)
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To: qam1

Maybe I'd better move up my plans before all the boomers catch on.


3 posted on 07/30/2005 1:40:20 PM PDT by Dog Gone
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To: qam1; ItsOurTimeNow; PresbyRev; tortoise; Fraulein; StoneColdGOP; Clemenza; malakhi; m18436572; ...
Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations (i.e. The Baby Boomers) are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.  

4 posted on 07/30/2005 1:41:40 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: qam1

read later


5 posted on 07/30/2005 1:41:50 PM PDT by ex-Texan (Mathew 7:1 through 6)
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To: qam1

Hey, my son wasn't even out of junior high, and he was talking about retiring in Greece when we spent a couple of weeks there a few years back.

(Me, I'm hoping for a real estate bust in the SF Bay area. I love wine country, fog, the connections with film noir, and all the great Asian restaraunts. Besides the leftists there will be a perpetual source of amusement.)

Either way, mediterranean climate is the way to go in old age.


6 posted on 07/30/2005 1:43:04 PM PDT by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know . . .)
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To: The_Reader_David
Me, I'm hoping for a real estate bust in the SF Bay area.

I'm hoping for a really HUGE real estate bust in the Monterrey area. I'd like to purchase the Hearst Castle dirt cheap.

7 posted on 07/30/2005 1:48:26 PM PDT by DumpsterDiver
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To: qam1

The only problem with living overseas is the obscene US tax code that follows you. There is some irony that virtually no other countries feel the need to be this heavy-handed, even ones with aggressive socialist tax structures.


8 posted on 07/30/2005 1:49:10 PM PDT by tortoise (All these moments lost in time, like tears in the rain.)
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To: The_Reader_David
Either way, mediterranean climate is the way to go in old age.

Exactly why we are looking into real estate in Georgia right now, having been there in May and fallen madly in love with the country.

9 posted on 07/30/2005 1:50:12 PM PDT by MarMema
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To: Agrarian; katnip; Kolokotronis; Graves; kosta50

Plenty of room in Tbilisi.


10 posted on 07/30/2005 1:51:43 PM PDT by MarMema
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To: DumpsterDiver
I'm hoping for a really HUGE real estate bust in the Monterrey area.

Monterrey is in Mexico. Monterey I think is what you were referring to. I was born there, and I would love to retire in Carmel.

11 posted on 07/30/2005 1:53:39 PM PDT by dfwgator
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To: MarMema
Exactly why we are looking into real estate in Georgia right now, having been there in May and fallen madly in love with the country.

Before you move, go house-hunting for a few weeks in August.

12 posted on 07/30/2005 1:54:09 PM PDT by WildTurkey (When will CBS Retract and Apologize?)
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To: qam1
who believes health care costs in the United States could eat up 40 percent of the couple's estimated $4,000 to $5,000 monthly retirement income.

Somebody needs to do some math..and her hubby's a math teacher?

Ain't NO health plan that's gonna cost 'em 20 to 25,000 zops a year, copays included.

13 posted on 07/30/2005 1:54:35 PM PDT by ErnBatavia
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To: MarMema

Now if I only knew how to speak Georgian...


14 posted on 07/30/2005 1:58:17 PM PDT by Graves (Remember Esphigmenou - Orthodoxy or Death!)
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To: dfwgator
Monterrey is in Mexico.

I got carrried away, I guess. :-)

Monterey I think is what you were referring to. I was born there, and I would love to retire in Carmel.

Big Sur would also do nicely for me.

15 posted on 07/30/2005 1:59:11 PM PDT by DumpsterDiver
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To: MarMema

I was in Georgia visiting my brother last may. Most people there kinda talk english which is nice. Especially in Atlanta where my brother lives, I met quite a few Americans who spoke English.


16 posted on 07/30/2005 1:59:40 PM PDT by joshhiggins
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To: ErnBatavia
Medicare takes about $60 a month out of the social security check and MediGap costs less than $200 per month.

But then lefties who hate their country don't need to do the math.

17 posted on 07/30/2005 1:59:50 PM PDT by OldFriend (MERCY TO THE GUILTY IS CRUELTY TO THE INNOCENT ~ Adam Smith)
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To: DumpsterDiver

That, or have me a little vineyard in Sonoma County


18 posted on 07/30/2005 2:00:22 PM PDT by dfwgator
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To: qam1

There are plenty of nice places I'd like to go to when I retire in about 10-15 years, but I prefer to be around my children and grandchildren. That's what's important to me.

I might vacation up north in the summers, though.


19 posted on 07/30/2005 2:04:27 PM PDT by Jeff Chandler (J.Y. Chen, Chinese paleontologist)
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To: DumpsterDiver

EEEWWWW! The Heart Castle, which proves that kitsch can be excecuted in imported tile and florentine marble just as easily as in plastic, provided you have a big enough budget?


20 posted on 07/30/2005 2:05:20 PM PDT by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know . . .)
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