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Best Caribbean or Central America location to retire? (Now with South America!)
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Best Caribbean or Central America location to retire? (Now with South America!)

  #251 (permalink)
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Looks like it's LDS friendly as well...

In 1952 Central America Mission, and in 1961 Elder Marion G. Romney of the Quorum of the Twelve Apostles visited the country, offering a copy of the Book of Mormon to its president. When Panama granted the Church official recognition four years later, mission president Ted E. Brewerton began full-time missionary work there. Nelson L. Altamirano became president of the country’s first stake in 1979, and ten years later the Panama Panama City Mission in 1988, the Saints in this country were strengthened by the additional leadership opportunities. In 1997 about 3,000 gathered in Panama City to hear President City Mission was organized. Although North American missionaries were required to leave Gordon B. Hinckley. By the beginning of the year 2000 there were 35,257 members of the Church in Panama with seven stakes and 110 wards and branches.

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  #252 (permalink)
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  #253 (permalink)
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Caribbean/Central American location to retire...


@BigMike...

Here is a link from the guy down there as regards the real skinny on those Pensionado retirement "savings" in Panama.

Panama’s Pensionado Program | RichardDetrich.com

Happy Trading.

Randy

Last edited by randyjb; October 14th, 2012 at 04:17 PM. Reason: typos, etc.
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  #254 (permalink)
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Overseas Info . . .

@Big Mike

I have not read the whole thread so this may be redundant . . . if so, I apologize . . .

These are resources I have followed for years . . . I have purchased some of their country info packages but have never dealt with any of their "Experts" (Atty's, Real Estate People, Accountants, etc) . . .

Best Places to Retire, Live and Invest Overseas - International living

Live and Invest Overseas showcases the best deals for living, investing and retiring overseas

EFAM | Escape From America Magazine | Live where you want to live… Live how you want to live… And make money doing it!

Escape From America Magazine & The Expat Daily News

Home - International Man

Panama’s Permanent Residency Visas

Panama's Permanent Residency Visas - EscapeArtist Asset Protection

I lived on St Thomas, USVI back in late 70's & early 80's . . . have always want to get back to the Caribbean someday . . .

cya there or wherever someday . . . .

ciao, rick


Last edited by rickr; October 14th, 2012 at 07:42 PM.
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  #255 (permalink)
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Big Mike View Post
[yt] I need to check to see if I would be considered a retiree, since I won't be collecting social security for another 30 years and don't have a pension, if there is another means which I can prove income through.

In one of his videos he said you just need to be able to prove that you don't need to work in Panama to live there. I'm sure bank statements or checks from your trading would be sufficient.

But also keep in mind that he said most gringos don't use their retiree discount at places they like because the business is essentially taking a hit from the discount. The example he gave is that most retirees will use it at a place like McDonalds, but not their favorite restaurant.

I would definitely look into qualifying for the discounts even if I were just going to be spending a lot of time there off and on.

EDIT: After reading more about it, one does wonder if it is more of a joke among the natives than any real benefit to anyone.


Last edited by MrYou; October 14th, 2012 at 10:02 PM.
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  #256 (permalink)
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Slightly related. Hotel "fake-out" photos.

Hotel Fake-Out Photos : Top Hotels : Travel Channel

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  #257 (permalink)
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In many countries it is much easier when you own your home.
You can find some in FurtherRealEstate website.
They helped me to find mine in Anguilla.

I believe only in profits, not in prophets.
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  #258 (permalink)
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Big Mike View Post
I'm planning to retire to the Caribbean.

Since futures.io (formerly BMT) has a lot of people from all over, I thought I could ask input from you guys on the advantages/disadvantages of certain locations (specifically if you live there or near by you could give some feedback)

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What I'm looking for:
- Warm climate
- High speed reliable internet
- Reliable power for most part (I can get a generator)
- English spoken is a big plus
- Low taxes on income from trading
- Stable currency as much as possible
- Easy Citizenship requirements, home ownership, etc
- People are happy and friendly

It would also be helpful if I could afford to live there

Any thoughts or recommendations?

Mike

Hi Mike,


Brazil
I have been living in Brazil since 2005 back and forth. Excellent Internet access comparing to rest of Latin America, good infrastructure, and beutiful women . In the main cities such as Sao Paulo and Rio de Janeiro where you want to live are quite expensive, more expensive to live here (currently live in Rio de Janeiro) comparing to New York/Miami. You should have a steady income of at least 5000USD per month to live OK here.
If you have this budget I should recommend Brazil, there is a visa issue, but if you are singel you will hook up with a girl in notime and that it is solved!

Colombia
My wife is from Colombia, so I have been there a couple of times, our wedding was held in Cartagena. Cartagena I think could be a good option for you. Very good Internet access and living standard to a good price. I really like Colombia so we have decide to spend March and April in Bogota now.


Cuba
Have been there, beautiful, but Internet access is super slow and 6USD per hr as it is controlled by the government.. Not an option at this moment for an active trader.

Mexico
I just came back from Mexico City and I loved the country, food and people! Very good infrastructure, no beach in Mexico City, but 3-4 hrs drive and you have a couple of them, I have been in Cancun, loads of american resorts. that that is not my taste, many retirees there. I have heard there are loads of Americans at Los Cabos which I have heard is very nice. Very good internet access and service in general there.
Half the living cost compare to Brazil.

Chile and Argentina
Just have been in both capitals. Liked both places, but no beach and it is cold weather half the year. I should vote for Buenos Aires if you want to retiree. Much better food and wine. Inflation/government pressure is a bit crazy so you should hold you money in an International account.

Uruguay
This is an excellent option! Easy to get visa, stable economy and less corruption in whole Latin America), cheap, nice beaches, good food and people. Very convenient taxing rules there for traders, therefor many investments firms have there offices there. You should go to Punta Del Este, Jet set life for half the price comparing Europe.

If you have more questions about regarding these countries just PM me and I will try to help.

"insanity is doing the same thing over and over again and expecting different results." - Albert Einstein
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  #259 (permalink)
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Interesting ..... Costa Rica ranked amongst top 5 retirement havens - Inside Costa Rica | Inside Costa Rica

About Costa Rica , not sure that the low cost of living is true with min 5% of inflation rate per year since long time

http://insidecostarica.com/2013/01/22/inflation-in-costa-rica-amongst-the-highest-in-latin-america/

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