Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first 1-5051-100101-123 next last

1 posted on 07/30/2005 1:36:02 PM PDT by qam1
[ Post Reply | Private Reply | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

To: qam1

read later


5 posted on 07/30/2005 1:41:50 PM PDT by ex-Texan (Mathew 7:1 through 6)
[ Post Reply | Private Reply | To 1 | View Replies]

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 . . .)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 6 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 6 | View Replies]

To: Agrarian; katnip; Kolokotronis; Graves; kosta50

Plenty of room in Tbilisi.


10 posted on 07/30/2005 1:51:43 PM PDT by MarMema
[ Post Reply | Private Reply | To 9 | View Replies]

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
[ Post Reply | Private Reply | To 7 | View Replies]

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?)
[ Post Reply | Private Reply | To 9 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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!)
[ Post Reply | Private Reply | To 10 | View Replies]

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
[ Post Reply | Private Reply | To 11 | View Replies]

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
[ Post Reply | Private Reply | To 9 | View Replies]

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)
[ Post Reply | Private Reply | To 13 | View Replies]

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
[ Post Reply | Private Reply | To 15 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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 . . .)
[ Post Reply | Private Reply | To 7 | View Replies]

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

No Hurry !
The article's an oversimplification.
Nothing's said 'bout security (financial & personal) in those foreign lands.

I searched several continents (over 10 years) &
all things considered, it's the USA !

21 posted on 07/30/2005 2:06:26 PM PDT by AlBondigas
[ Post Reply | Private Reply | To 3 | View Replies]

To: ErnBatavia
LOL! Ain't it the truth!
22 posted on 07/30/2005 2:06:42 PM PDT by Fiddlstix (This Tagline for sale. (Presented by TagLines R US))
[ Post Reply | Private Reply | To 13 | View Replies]

To: The_Reader_David
EEEWWWW! The Heart Castle, which proves that kitsch can be excecuted in imported tile and florentine marble just as easily as in plastic,

There's a great view, plenty of privacy (after I shut down those tours) and I like the indoor pool.

provided you have a big enough budget?

I don't.

23 posted on 07/30/2005 2:09:32 PM PDT by DumpsterDiver
[ Post Reply | Private Reply | To 20 | View Replies]

To: qam1

You'd live much better in a third world nation I think. Especially if you sell your home when prices are very high in many areas. Then live off of that huge payout. You could probably buy the equivilant home in Mexico for 100,000 as a 700,000 dollar home here. Then put that 600,000 dollars in dividend funds. Then add in the pensions you get and life is good.


24 posted on 07/30/2005 2:10:57 PM PDT by ran15
[ Post Reply | Private Reply | To 1 | View Replies]

To: ErnBatavia

"Somebody needs to do some math..and her hubby's a math teacher?"...........UNION and DEMOCRAT explains it...LOL..


25 posted on 07/30/2005 2:11:15 PM PDT by litehaus
[ Post Reply | Private Reply | To 13 | View Replies]

To: qam1
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.

Crap.

26 posted on 07/30/2005 2:15:07 PM PDT by Stentor
[ Post Reply | Private Reply | To 1 | View Replies]

To: ran15
You could probably buy the equivilant home in Mexico for 100,000

Not in mild climate area - you'll be spending $250K++ (plus bribes-mordida)

27 posted on 07/30/2005 2:15:46 PM PDT by AlBondigas
[ Post Reply | Private Reply | To 24 | View Replies]

To: The_Reader_David
Ahh to have a place on the islands. I know some excellent ones that I could be enjoy a long stay on. Greece used to be a cheap place to live but prices are going up since they joined the EU.

As for food, a big fresh Greek salad, a cold (Greek) Amstel beer or maybe a icy bottle of Avra water, a big chuck of Greek bread and plenty of olive oil. I could dine on it 365 days a year.

But God forbid you need serious medical care...especially in the islands. It's getting better , but it has a way to go.

Well, gotta go. Must pick some fresh tomatoes from my garden, cut a slab of Dodonis feta and pour some Minerva olive oil. Some things can't wait!
28 posted on 07/30/2005 2:18:57 PM PDT by chickenlips
[ Post Reply | Private Reply | To 6 | View Replies]

To: ErnBatavia

I posted before I saw your post. I know a married couple retired in Arizona. $7000.00 + is the number. That is hardly 40% of the low end of their income estimate.


29 posted on 07/30/2005 2:22:06 PM PDT by Stentor
[ Post Reply | Private Reply | To 13 | View Replies]

To: qam1
We have, for some years, been splitting our time between USA and Thailand and as we retire completely, we will likely spend our time in Chiang Mai. We enjoy it however would not recommend it except in certain cases. The positives are cost of living, medical costs and people. The negatives are government bureaucracy, language, and travel time.

My wife was born in Thailand and is a naturalized USA citizen so our land ownership problems are miner. Non-Thais must either rent or live in a condo which they can own. That said, a nice condo can cost about $50,000 US. Our three bedroom, new home cost $30,500 including the furnishings. Autos cost about the same as in USA. Good medical care is very cheap -- anyone interested can go to http://www.bumrungrad.com/ for expenses at the best hospital in Bangkok. If you buy your food at the local markets (in Chiang Mai, we shop at Warorot) fresh food is very cheap.

The language is tonal and, for me, was difficult even with a live in instructor.

We live in an area without Americans or other non Thai. The biggest plus for me is the character of the people -- they are socially conservative, very friendly and warm and crime is virtually unheard of except in the tourist areas.

23 hours total travel time back to the West Coast is a real negative.

Needless to say, I wouldn't want to live in the South.

30 posted on 07/30/2005 2:29:31 PM PDT by JimSEA
[ Post Reply | Private Reply | To 1 | View Replies]

To: joshhiggins

Yes,not too bad there-but Alabama is another thing entirely!


31 posted on 07/30/2005 2:31:05 PM PDT by Farmer Dean (Every time a toilet flushes,another liberal gets his brains.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: qam1

Good riddance. One more card carrying member of the NEA headed out.

These two better take a closer look at Mexico. At the rate it is going, it's gonna look like Lebanon in the 1980s soon.


32 posted on 07/30/2005 3:00:04 PM PDT by LSUfan
[ Post Reply | Private Reply | To 1 | View Replies]

To: qam1

This boomer was born in the USA and will die here. I would sooner have a sex change operation than leave the land of the free and the home of the brave, even if perhaps the land is not so free or brave as it once was.

I have faith that America will rediscover its great values, culture and character now that the Progressive tsunami of the past 130 years is spent and is at last reaching the end of its morally, intellectually and financially bankrupt tether.

No way I will abandon my country in the final years of my life.


33 posted on 07/30/2005 3:03:17 PM PDT by Maceman (Pro Se Defendant from Hell)
[ Post Reply | Private Reply | To 1 | View Replies]

To: qam1
They are part of an emerging population expecting to spend their retirement abroad.

That may sound good in peacetime, but we're at war now.

What happens when muslim terrorists find a bunch of aging baby boomers living abroad in "retirement havens" without the protections America affords? Will the economic aspect of foreign soil still seem attractive when body-bags are shipped back to the states?

34 posted on 07/30/2005 3:17:36 PM PDT by Noachian (To Control the Judiciary The People Must First Control The Senate)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JimSEA

Chiang Mai is a wonderful place. I spent a couple of weeks there, and would like to go back and spend a couple of years.


35 posted on 07/30/2005 3:22:34 PM PDT by watchin (Facts irritate liberals)
[ Post Reply | Private Reply | To 30 | View Replies]

To: JimSEA

That sounds pretty good, but what do you do about medical care? Hospital trips seem like they might be worse than any disease you might normally get. Isn't the HIV rate in Thailand incredibly high? Hepatitus? I think being at least one day's travel from an American ER would be too damned scary to contemplate. What has your experience been like?


36 posted on 07/30/2005 3:27:12 PM PDT by Triggerhippie (Plus ça change, plus c'est la même chose.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: qam1

save for later


37 posted on 07/30/2005 3:29:11 PM PDT by krunkygirl
[ Post Reply | Private Reply | To 1 | View Replies]

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

You could probably find one. My blue cross ppo for my wife and son takes 800 big ones a month out of my pension and the company is capped out at contributing 440 a month. So I have a plan that is costing over 20%. And I am not including co-pays or deductibles.

BTW I am a pre boomer retired to an RV and winter in the south. In the Rio Grande one can slip over the border for inexpensive drugs and med care, but its not as safe down there as it used to be. If I were to consider a foreign country, I would go all the way south to Costa Rica.

38 posted on 07/30/2005 3:34:01 PM PDT by KC_for_Freedom (Sailing the highways of America, and loving it.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: DumpsterDiver
I'd like to purchase the Hearst Castle dirt cheap.

I'll sell it to you right now!

I've also got a bridge in Brooklyn on special this week....

39 posted on 07/30/2005 3:37:44 PM PDT by uglybiker (Did ya hear the one about the cannibal who passed his friend in the forest?)
[ Post Reply | Private Reply | To 7 | View Replies]

To: uglybiker
I've also got a bridge in Brooklyn on special this week....

Throw in a drunken senator to drive me across it and you've got a deal.

40 posted on 07/30/2005 4:03:15 PM PDT by DumpsterDiver
[ Post Reply | Private Reply | To 39 | View Replies]

To: qam1

good riddence I say.

I welcome anyone not happy with America to leave actually.


41 posted on 07/30/2005 4:12:00 PM PDT by Texas_Conservative2
[ Post Reply | Private Reply | To 1 | View Replies]

To: ran15

last time I checked you couldn't "own" property in mexico.


42 posted on 07/30/2005 4:15:01 PM PDT by Texas_Conservative2
[ Post Reply | Private Reply | To 24 | View Replies]

To: Texas_Conservative2
last time I checked you couldn't "own" property in mexico

According to Souter, Ginsberg, Bryer, Stevens, and Kennedy you can't in the U.S. either!

43 posted on 07/30/2005 4:17:42 PM PDT by PMCarey
[ Post Reply | Private Reply | To 42 | View Replies]

To: JimSEA
23 hours total travel time back to the West Coast is a real negative.

Man oh man, I hear ya.

I've done flights like that about 20 or 25 times, living in places like, Perth, AU, Jakarta, IN, Kula Lumpur, Malaysia, Auckland NZ.

Never got use to the jetlag.

44 posted on 07/30/2005 4:18:49 PM PDT by the Deejay (THE LADY DEEJAY)
[ Post Reply | Private Reply | To 30 | View Replies]

To: qam1

Nicaragua, Honduras, Ecuador, Mexico? I'll stay in the USA thanks.


45 posted on 07/30/2005 4:19:24 PM PDT by Black Tooth
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dog Gone
"Maybe I'd better move up my plans before all the boomers catch on." ................... Cool, by the time all the old farts move out of America it'll be bliss for my generation.. LOL
46 posted on 07/30/2005 4:21:11 PM PDT by SunnySide (Ephes2:8 ByGraceYou'veBeenSavedThruFaithAGiftOfGodSoNoOneCanBoast)
[ Post Reply | Private Reply | To 3 | View Replies]

To: qam1

Now that we own Central America (thanks to CAFTA), there'll be plenty of opportunities to retire there.


47 posted on 07/30/2005 4:23:43 PM PDT by Malesherbes
[ Post Reply | Private Reply | To 1 | View Replies]

To: MarMema

Lots of mountain properties in golf communities. You can own several, hire a management company to rent it out to Atlanta golfers, and at least break even while the values appreciate.


48 posted on 07/30/2005 4:24:16 PM PDT by ovrtaxt (Logic test: Pearl Harbor is to 911 as Harry Truman is to .....)
[ Post Reply | Private Reply | To 9 | View Replies]

To: SunnySide

these people are gonna feel real stupid when that nice village they bought for their retirement in some god forsaken 3rd world country is claimed by the local socialist government for redistribution like in rowanda.


49 posted on 07/30/2005 4:24:47 PM PDT by Texas_Conservative2
[ Post Reply | Private Reply | To 46 | View Replies]

To: Triggerhippie
The local health care is excellent. Many of the Physicians speak English and the country has become sort of a health tourist spot for orthopedic, cosmetic and lasic surgery. I have had the misfortune of having to be hospitalized there and the care was excellent (the endocrinologist I saw was a product of UC Davis). The cost at private hospitals is a fraction of what it is in USA. A private room was US$32 a night and my total bill was about what my deductible would be in the USA. Go to the web sight in my first post and you can get an Idea of prices.

In general, food borne or mosquito borne diseases are not a concern. The AIDs situation is of concern but not to us (the sex trade and young men in the military are the big at risk groups -- also middle aged men who stray and their wives). It is heterosexually transmitted.

50 posted on 07/30/2005 4:26:36 PM PDT by JimSEA
[ Post Reply | Private Reply | To 36 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-123 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson