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Does anyone know anyone who retired in Costa Rico. When we are able I'd like to start off real retirement maybe in Costa Rica then after a year or two come back to the states and live in different parts of the country. Has anyone done or is anyone doing something similar?
Living somewhere is entirely different than staying somewhere for a few weeks....and, don't forget, you are giving up the rights you have in the US, medical care (will your insurance pay for out of US care/doctors - Medicare won't), etc. and are at the mercy of whatever floats in that respective country.
If doing so, I'd much rather move at least to a US territory and have some semblance of US protection and the ability to continue to have such protections and medical care options.
A friend of mine has a place in Nicaragua. Lives there right on the ocean pretty cheaply. He's been bugging me to come down. House next to his rents for like $80 a week. (decent looking house)
Snakes. Big ones. Frogs. plus the benign but surprising jump out of no where lizards, bugs, and other tropical creations.
I lived in Florida in a SFR for so long and dealt with God's tropical creations long enough. I am so happy to be where I stand a fighting chance of avoidance.
A condo may be OK snake and frog wise. Rest still applies.
Does anyone know anyone who retired in Costa Rico. When we are able I'd like to start off real retirement maybe in Costa Rica then after a year or two come back to the states and live in different parts of the country. Has anyone done or is anyone doing something similar?
The general rule of thumb for monthly living expenses is to allocate $1,000 to $2,000 per month including housing, according to both the Costa Rican immigration requirements and "International Living Magazine." Houses are available for under $100,000, even in coastal areas, and large apartments in cities can be found for under $1,000 per month.
Potholes, dips and cracks mark the roads in Costa Rica so bad that cars can be damaged driving over them. Locals drive quickly and dangerously, passing where it is not safe to do so and not respecting the right of way. Conditions are particularly unsafe for pedestrians, and road accidents claim the lives on average of two pedestrians a day.
Unless you are retired with a pension, have a substantial investment portfolio or plan to open a business in Costa Rica, obtaining residency will be a long and not necessarily fruitful process. The easiest route to residency is through the pensionado or rentista programs, available for retirees with monthly pension or social security payments over $600 per month or individuals with more than $1,000 per month in investment income. Over a roughly two year process, you must gather documents from your local police and bank as well as your birth and marriage certificates and have the entire package translated into Spanish and authenticated by the Costa Rican consulate.
I don't comprehend why anyone would retire in another country.
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