Family & Relationships Family & Relationships

Is it Ever Too Late to Retire Abroad? Only You Can Answer That Question

Aren't the 'good things that come to those who wait' just the leftovers from the people that got there first? I don't think so! In the case of expatriate living, sometimes being first in an area is good and in other cases not so good, but it has nothing to do with leftovers.
In any case, just being there at all is success.
Like in investment circles, the phrase "Don't be late to the party" might also apply to your retirement destination.
Just being there demonstrates an accomplishment that the majority of your compatriots back home admire but will never attempt themselves.
Being late implies two things in expatriate living.
Either you arrive at a place after it was filled with expatriates and all the "bargains" are gone, or you began your move at a later age in life.
Neither are really applicable.
There are always 'bargains" to be had in any area if you look hard enough, so that negative does not hold water.
And age? Age is not and should not be a factor.
The old saying that you are only as old as you feel should apply here.
Worldwide, we are finding that many senior citizens are extremely active into their seventies, eighties, and even nineties, and many continue to carry on business activities rather than retire.
The number of countries developing special visa programs for retirees and certain business categories is increasing every year.
These countries are looking for monetary and knowledge investments.
The members of the older generation of prospective expatriates have the potential for offering both.
For these countries, this is a good combination and a possible win-win situation for both the expatriate and the country.
Two of these countries with specialized programs directed at retirees are geographically very convenient for U.
S.
citizens.
They are Belize (the former British Honduras and an English Speaking country), and Panama; both located in Central America.
They attract both the young and the old, but offer special retiree visa programs to senior citizens.
It is hard to find a country that could offer more benefits to senior citizens than does Panama.
Panama's pensionado visa provides discounts in most major living areas required by the retirees.
These include, electricity, dining out, movies, air travel within the country or on their national airlines, medical and hospital fees, and numerous other areas.
No outside income is taxed, and there are tax benefits on the importation of transportation vehicles and personal property.
This program is not specifically age related, but based on a guaranteed permanent income, so both the young (as low as 18) and the old (you decide when you are old, not me) qualify.
Belize's QRP (Qualified Retired Person) has similar benefits to expatriates retiring to that country.
The required income is higher than that in Panama, but like Panama, has extensive benefits offered to these retirees.
The minimum age in Belize is presently 45 years of age, but Belize has the advantage for U.
S.
citizens of being an English Speaking country.
My feeling is that it is never to late to retire abroad.
Only you can determine whether your age is a deterrent or not.
No one else can.
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