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Retiring Outside the US No Longer a Foreign Concept
Started:February 4th, 2011 (05:20 PM) by Quick Summary Views / Replies:678 / 1
Last Reply:February 4th, 2011 (06:07 PM) Attachments:0

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Retiring Outside the US No Longer a Foreign Concept

Old February 4th, 2011, 05:20 PM   #1 (permalink)
Quick Summary
Retiring Outside the US No Longer a Foreign Concept

Retiring overseas is becoming more common thanks to two factors: the Internet and the economy. "All you have to do is think outside the border," says one expat.

More on CNBC...

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Old February 4th, 2011, 06:07 PM   #2 (permalink)
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A lot depends on your personal situation.

Do you need to help take care of an aging parent?

Would you like to see your children regularly or watch your grandchildren grow up?

How's your health? Healthcare according to the article is better in some foreign countries than in the US, but then why do wealthy foreigners fly to the Houston Medical Center for Cardiac and Cancer treatment everyday?

What type of rights do you have in a foreign country ... you are not a citizen.;
If a bank collapses is your money guaranteed
In Mexico only citizens can own a deed to land within "X" miles of the Beach.

How do they feel about Americans in the country you want to retire in? That can change depending who is in office. Look at Venezuela or Bolivia.

Considering most Americans do not speak a second language, will this be a cultural problem where you want to retire?

Are you a deeply religious person? What is the culture where you are going? In Costa Rica and a number of other countries Prostitution is legal. In Jamaica Cultivation, retail and consumption of marijuana is illegal. However this is often overlooked and cannabis is sold openly. What is the predominate religion of the country you want to retire in?

How stable is the political situation? I have known Texans who retired to Mexico for decades. Now Northern Mexico is very dangerous.

How do you feel when you see "foreigners" living in America? You will be a foreigner living in the country you retire to.

Can you get a permanent Visa to the country you want to retire in? Or do you have to continually re-apply ?

But if none of those things apply to your situation , give it a go.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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