Why Should You Retire in Latin America?
After a long, cold, snowy winter for those living in most of the northern hemisphere, spring is finally upon us. And for some, the thought of being able to escape to warm climates may be dwindling as quickly as the ice is melting…
As we all know, the ice and snow aren’t the only things shrinking. Retirement savings have taken a real beating over the past few years and people are still trying to figure out how they’re going to recover their lost funds. For many people, this means working well past the typical retirement age, while for others it means going back to work just to help make ends meet.
The word retirement carries many connotations, especially in this day and age. The baby boomers of today are retiring much different from their parents – if at all, as mentioned above. Some even feel resentment towards the word retirement, because they don’t feel it’s something they’ll ever get to do the way they thought they would…
But it doesn’t have to be this way.
It’s still possible for you to retire the way you pictured it in your 30’s; travelling to far-off destinations, relaxing on beaches, eating and drinking in exotic locales – you can still do all of these things, and more affordably then you may have originally thought. How? By retiring in Latin America.
True, it may sound easier then it actually is, especially for some folks. Family obligations may have you tied to your hometown, or perhaps you’re not comfortable living somewhere that you don’t speak the native language. However, if you have an adventurous streak, or always dreamed of living near a tropical beach, in a lush mountain valley or a stylish colonial city, where the weather is lovely and a nice dinner out won’t break the bank, then retiring in Latin America may just be for you. Not only does it offer a variety of living environments, they are all incredibly affordable.
Latin American countries are tropical, easily accessed by North America and affordable. When you live in Honduras, Costa Rica or Ecuador, you have access to a high-quality lifestyle for a fraction of what you would pay back home. Your weekly groceries, meals at nice restaurants, concerts or sporting events and even help around the house – a maid or gardener – are all available to you for much less then you may think possible. And beachfront, mountainside or urban property, whether it be a turnkey home or condo, or a vacant lot where you can have your dream home built, can cost as much as 75% less then the equivalent in North America.
It’s easy to get caught up in the romance of living abroad while in your current home. Here are some basic questions to ask yourself and to help determine if a move abroad is right for you:
- Do foreign cultures and customs intrigue you?
- If you’re not single, is your partner open to moving as well?
- Does change excite you?
- Are you able to speak another language, or at least open to learning one?
- Are you ok with being away from family? (Although Latin American countries are typically only a
2-5 hour plane ride away)
- How do you handle new situations and making new friends?
- Are you looking to improve your quality of life and personal wellbeing, without breaking the bank?
If you answered yes to the majority of theses questions, then a home in Latin America may be for you.
Educating yourself is key to ensuring a successful retirement abroad. The Where International website has an abundance of comprehensive information designed for people considering an International move. (Go HERE to access a variety of articles on making those first steps)
Latin American countries have something to offer everyone, and people have been retiring to this part of the world for many years. However, with today’s technology, it’s easier for people to live abroad then ever before, and not just once you’ve hit retirement age. Working and raising a family in tropical destinations is becoming more commonplace – the fact that it can be done affordably is just an added bonus!
To see if International real estate and living abroad is up your alley, check out our Discovery Weekends. There’s absolutely no sales pressure when you sign up for one of these trips and our developer partners will give you as close to a ‘real’ experience as possible. You really have nothing to lose!