Retiring Overseas (On Topic)

[Operational needs]

What would worry me would be running afoul of laws you were unaware of. Plus the possible corruption (as bad as the US gets maligned the system mostly works here).

I'm guessing you'd need an emergency exit plan just in case.

 

[carlosqh]

Believe it or not, I do think about what I will do when I retire. I have started doing research about cheaper places to live, and other countries like in Central America are catching my attention. Supposedly you can live on just a Social Security check in places like Costa Rico, Panama, and Belize among others. Throw in a Teamster's Pension check and I am thinking a beach house in a tropical climate without touching my investments. Has anybody else looked into this?

Hi, sorry for jumping in, but just ran into this thread while watching info about retiring abroad. I just set up www.andalusialifestyles.com, to help people retire in Southern Spain. I am from there but have lived in the US the last 9 years. I want to establish a new way to do these things, helping people with the consular process here in the US and then with my partners in Spain, who are lawyers, realtors, developers, tax advisers... The South of Spain, after the financial/real estate crisis, is as cheap as many Latin American countries and, well, you are in Europe and health care is among the best in the world, and very affordable. Please, ask anything you want to know, no compromise.

 

[Catatonic]

I ran across this site for Southern Spain.
There are probably specific location sites like this for other locations.
www.andalusialifestyles.com

 

[rod]

One of my brother in laws retired, sold EVERYTHING they had and moved to the Philippines. About a year later he had a massive heart attach and is now living back in the USA and has to deal with starting all over ----again---in bad health.

 

[Shiftless]

Can Medicare be used in a Third World country?

Not that I know of. He said he doesn't want to lose that as an option if things don't work out in the future

 

[clean hairy]

Retire in Mexico and get very annoyed that they don't speak English!

 

[oldngray]

Retire in Mexico and get very annoyed that they don't speak English!

Rather rude of them isn't it?

 

[Operational needs]

Retire in Mexico and get very annoyed that they don't speak English!

We can stay here and do that.

 

[IVE GOTTA PACKAGE 4U]

We can stay here and do that.

Damn you!
I was gonna post that.

 

[clean hairy]

The show international house hunters provides a bit of info on various locations around the world.
Bound to be episodes on youtube.

 

[UpstateNYUPSer(Ret)]

The show international house hunters provides a bit of info on various locations around the world.
Bound to be episodes on youtube.

Most if not all of the houses that they are trying to find are way out of our price range.

 

[trickpony1]

Most, if not all, of the houses.......

Hope this helps.

 

[dupa]

Hope your not Kurdish or Armenian.

 

[oldngray]

Hope your not Kurdish or Armenian.

Turkey used to be more moderate but hardcore Islamists are taking control.

 

[clean hairy]

One of my brother in laws retired, sold EVERYTHING they had and moved to the Philippines. About a year later he had a massive heart attach and is now living back in the USA and has to deal with starting all over ----again---in bad health.

Would a person still be able to keep their Medicare if they were to retire to a U.S. Possesion, such as the virgin Islands?

 

[rod]

Would a person still be able to keep their Medicare if they were to retire to a U.S. Possesion, such as the virgin Islands?

You would have to contact Medicare for an official answer. I have a thick book they send me every year. I will see if there is anything about that in it. My "guess" is you would probably be covered.

 

[UpstateNYUPSer(Ret)]

Would a person still be able to keep their Medicare if they were to retire to a U.S. Possesion, such as the virgin Islands?

I would think if you kept a US (mainland) mailing address you should be fine.

 

[olroadbeech]

You have call Medicare. My guess , and it is just a guess, is that it would be valid in a U.S. possession.

 

[UpstateNYUPSer(Ret)]

You have call Medicare. My guess , and it is just a guess, is that it would be valid in a U.S. possession.

I would keep a mainland address just in case.

 

[clean hairy]

Most if not all of the houses that they are trying to find are way out of our price range.

Of course, they are looking at exotic properties right on the beach or right in the middle of the city.
For the average person, most likely substantially more affordable living is available.