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 ...
good riddence I say.
I welcome anyone not happy with America to leave actually.
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!
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.
Nicaragua, Honduras, Ecuador, Mexico? I'll stay in the USA thanks.
Now that we own Central America (thanks to CAFTA), there'll be plenty of opportunities to retire there.
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.
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.
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.
Nicaragua, Honduras, Ecuador
...................
If any American makes the move to a 3rd worldish country pretend you're a dirt poor ex-missionary otherwise you'll become possible ransom material.
Couldn't agree more. As I get older, I want good weather, and I want it year round. That's why I stay in California.
Either way, mediterranean climate is the way to go in old age.
I am in Southern Cal, not to far from the coast. Every time we think about moving, we go and visit, on the way back, each time we are shaking our heads, no way!
We could count on you giving the positive spin to it.
I resemble that remark.
Will you explain this? I've often thought of hightailing it to another country but I never gave it any thought of Uncle Sam following me and screwing with the money I do have.
The people who are retiring to foreign countries are obviously not gun owners, because the United States is the only place left in the world that does not border-to-border draconian restrictions on the ownership of firearms (blue states excepted).
So I say let all of them go live in foreign countries. It will make more room for the rest of us to build shooting ranges, and we won't have a bunch of gun haters whining about the noise!:>)
Several Muslim countries allow gun onwership and in some carrying them aroung (including AKs).
"Several Muslim countries allow gun onwership and in some carrying them aroung (including AKs)."
Yeah, I know, but there is no way I would live in one of those places.
Property taxes cost me $400 a month, even if my income is zero.
Do you hate America?
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