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The Travel+Leisure magazine picked the 12 countries from around the world that made it as the best places to retire. Countries in Latin America are as follow (in parenthesis their ranking in the list). They consider things like the cost-of-living, the quality of health care, etc.
Do you agree or disagree with this list? Criteria vary. I wouldn’t want to retire in Panama, personally, but I know people who have moved their businesses there, as well as retirees. There are certainly many things to appeal, including banking, healthcare, and a long standing association with the US. Not MY top choice, and if it’s yours, why?
If you prefer one of the others on this list, which one(s) and why?
My only options would be Mexico and Colombia. Huge countries with great, affordable connectivity and immense diversity in all aspects.
Panama was a huge let down for me when I went in the start of the year. DR is great I could consider DR but it's limiting due to its size. Uruguay is too far, Costa Rica overpriced and Ecuador is quite poorly connected.
My only options would be Mexico and Colombia. Huge countries with great, affordable connectivity and immense diversity in all aspects.
Panama was a huge let down for me when I went in the start of the year. DR is great I could consider DR but it's limiting due to its size. Uruguay is too far, Costa Rica overpriced and Ecuador is quite poorly connected.
I like Mexico and Colombia too. For a retiree, Panama and Costa Rica don't tax USA retirement income, which is one other thing in their favor for US retirees. It is one less hassle to deal with when living outside the USA. Nicaragua and Paraguay also don't tax US retirement income either, but those places did not make this list.
I like Mexico and Colombia too. For a retiree, Panama and Costa Rica don't tax USA retirement income, which is one other thing in their favor for US retirees. It is one less hassle to deal with when living outside the USA. Nicaragua and Paraguay also don't tax US retirement income either, but those places did not make this list.
The DR doesn’t tax any income produced abroad and that includes US retirement income.
For people that make money in the DR and qualify for paying income tax, your take home pay will be greater than doing the same thing in the USA. Tax pressure is less in the DR and in fact low even by Latin American standards. But, as already said, income made in the USA isn’t taxed by the Dominican government.
It might be different with the USA government since after an amount they tax every American citizen even if they live abroad hidden under a rock. You owe money to Uncle Sam and it will find you, there is no escaping.
The DR doesn’t tax any income produced abroad and that includes US retirement income.
For people that make money in the DR and qualify for paying income tax, your take home pay will be greater than doing the same thing in the USA. Tax pressure is less in the DR and in fact low even by Latin American standards. But, as already said, income made in the USA isn’t taxed by the Dominican government.
It might be different with the USA government since after an amount they tax every American citizen even if they live abroad hidden under a rock. You owe money to Uncle Sam and it will find you, there is no escaping.
Not many US expats are making the type of money overseas that would get their foreign income taxed by the IRS though. The floor is pretty high. I agree that the whole idea of double taxation is absurd, but it really only applies to a limited number of US Citizens abroad. Plus, if you just come clean and report everything, you get tax credits based upon what you've already paid in taxes to the other country. I know some US folks trying to hide their US incomes from the Colombian DIAN and their Colombian incomes from the IRS, but in the end it'll hurt far worse when they get caught.
[quote=AntonioR;65515587]The Travel+Leisure magazine picked the 12 countries from around the world that made it as the best places to retire. Countries in Latin America are as follow (in parenthesis their ranking in the list). They consider things like the cost-of-living, the quality of health care, etc.
1 (1) Panama
2 (3) Uruguay
3 (4) Dominican Republic
4 (6) Costa Rica
5 (8) Ecuador
6 (9) Mexico
7 (11) Colombia
Oh, wow! Tijuana, the most AMAZING city ever, with a GDP per capita THREE WHOLE TIMES higher than the Dominican Republic! Can you believe it? So impressive! Your post is just SO straightforward, no manipulation at all, totally transparent! I mean, who even needs accurate information, right?
And hats off to your unparalleled research skills! You must have spent DAYS hunting for that ONE site that remotely mentioned the Dominican Republic as a possible destination for retirees! ONE out of a hundred! That's basically a gold mine of retirement options right there!
And let's not forget your impeccable ranking system, where you magically turned a list of countries into an exclusive "Top 12" list. Absolutely genius! Who cares about boring old facts? You've got the power to turn randomness into world-class rankings!
Oh, and of course, Mexico, the land of retirees! Because, you know, everyone knows the country with the most retirees automatically wins the title of "Ultimate Retirement Paradise." It's basic math, really!
Bravo, my friend, you've outdone yourself! Your unparalleled mastery of twisting facts and presenting them as the ultimate truth is truly commendable. I bow down to your unparalleled expertise in being, well, less than factual. Kudos!
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