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To Work, or Not to Work; Redefining Retirement in Costa Rica...

Feb 12, 2014

To Work, or Not to Work; Redefining Retirement in Costa Rica...

‘The times, they are a’changin…’  

Actually, scratch that… ‘The times, they have a’changed…’

With home values down, retirement funds diminished and unemployment rates at all-time lows, retirement isn’t a word that’s thrown around with the same kind of vigor it was several years ago (read: pre-2008). 

In fact, retirement as a whole has taken on a different connotation for most of the general public. It’s not that the beautiful, silver-haired couples in their convertible, pulling up to the country club or frolicking joyfully along the shore in front of their beach house isn’t still happening… no, surely there are still a handful of folks out there still enjoying this romanticized view of ‘retirement’. That’s just not the norm for most…

So what is the norm? Working well into your seventies (and beyond!), just to maintain your lifestyle… going back to work, because your retirement fund took a hit and you can’t maintain said lifestyle on it alone anymore… surviving on what you have (or receive from the government) because going back to work is not an option, and having to scrap any sense of lifestyle altogether, just hoping your monthly income will cover your most basic costs… 

Yeah, life has changed in North America, and not necessarily for the better. 

The one thing that does keep changing though, and yes, for the better, is technology. Technology is opening a world that many never even knew existed before… from the ability to run a business half way around the world, to seeing your loved one’s faces in real time. And, although Costa Rica is considered a ‘developing country’, it is extremely technologically connected; WIFI is available everywhere, usually free, and cell phones are just as easy to obtain here as they are in North America.

Ok, so we already know the cost of living in Costa Rica is considerably less then it is in North America (read more about living on the Nicoya Peninsula) and with wireless internet being so readily available, it’s easy to understand why those looking to retire with some comfort are considering this country as a long-term option. But what about starting your own business once you get down there? The aforementioned will definitely make doing this easier too…

With more foreigners, of all age groups, making their home in Costa Rica, there are a plethora of niche markets just waiting to be started… 

We mentioned that many retirees are heading back to work to help make ends meet. What are the odds those retirees are going into jobs that fuel their passion and utilize their skills? Perhaps we’ll ask the elderly gentleman working as a greeter at Wal-Mart…

In Costa Rica, your natural talent and passion might be something new and fresh… what might have been a ‘pipe dream’ in North America, because of expenses or market saturation could just be waiting to be discovered! A perfect example? Costa Rica doesn’t have a Starbucks on every corner, but people still love their lattes, mochas and frozen cappuccinos here…

Moving abroad doesn’t have to just be about stretching your dollar, escaping the cold and relaxing by the pool all day – although those are extremely good reasons! It can also provide a new environment to fulfill dreams and make ‘work’ fun again…

The southern Nicoya Peninsula is still an undiscovered area of Costa Rica, and one just waiting for your specialized talent! Why not check it out for yourself? Head down on a Discovery Weekend, and you’ll get a full tour of the area from our Developer… you’ll see firsthand the diverse make-up of expats who already call this area home; retired, middle-aged and young, all living their inspired dream in one way or another…   

Go HERE to learn more

Current Topics

We’re taught from an early age to accept that we can’t have everything we want… that we have to share or compromise. Thankfully, now that you’re an adult, and you’re considering a property purchase abroad, these ‘rules’ don’t apply.
All your ducks are in a row… you bought a corner lot, with spectacular ocean views in a private community.
We frequently refer to Costa Rica’s southern Nicoya Peninsula as a ‘hidden gem’. Naturally, those already owning and/or living in this tropical oasis would prefer it stays that way…

Where International exists to recommend a variety of International real estate options. Where International requires developers to meet stringent criteria before offering them to you. Conversely, any inspections we conduct on projects or individuals should not be misinterpreted as a guarantee by Where International. International real estate is not immune to the ups and downs that occur in North American real estate; property values are never guaranteed to increase.

Where International is not accountable for the orchestration or deliverance of Discovery Weekends. We provide them to you on behalf of our developer partners. We recommend that you purchase travel insurance, as you would with any trip out of your home country. In addition, we advise you complete your own due diligence, purchase title insurance and always use a local attorney to assist with all transactions. In the event that a reader purchases a property from a recommended developer, Where International receives a sum from the developer.