Best Places In The World To Retire
Recently Answered Questions
Does the ocean in Mexico have dangerous animals in it?
We don’t hear about dangerous animals in Mexico in the ocean a lot. In case there is a dangerous animal that could hurt people in the area, the authorities are quick to warn people. For example, if it is high tide, the authorities discourage people from going surfing because it might not be safe.I live in Tijuana, which is close to San Diego. There was one time when there was a shark around San Diego, and the authorities alerted all the tourists in Tijuana and...
We don’t hear about dangerous animals in Mexico in the ocean a lot. In case there is a dangerous animal that could hurt people in the area, the authorities are quick to warn people. For example, if it is high tide, the authorities discourage people from going surfing because it might not be safe.I live in Tijuana, which is close to San Diego. There was one time when there was a shark around San Diego, and the authorities alerted all the tourists in Tijuana and Rosarito to be careful. It is not like you can no longer swim in the ocean since dangerous animals only appear here on rare occasions.
The beaches of Mexico, in general, do not have dangerous animals, so there is nothing to worry about. There are wild animals such as crocodiles in certain areas of Mexico but you won’t see them in areas where tourists frequent or where people live.
How's the golf in and around the Pedasi, Azuero, Panama area?
I’m not a golfer, so I’m not certain, but I believe that the closest larger golf course is in Boquete in one direction and in the Coronado area in the other (both 3 – 4 hours away).
I’m not a golfer, so I’m not certain, but I believe that the closest larger golf course is in Boquete in one direction and in the Coronado area in the other (both 3 – 4 hours away).
Are there tax advantages or disadvantages if I retire, work or live abroad?
One of the biggest tax advantages of living abroad is enjoying lower tax rates (depending on where you retire obviously) found in some outside countries. However, as a US citizen or Greencard holder, you are required to report your worldwide income to the US every year. Even if you are no longer living or working in the US. This often means two tax returns, and twice as much taken in tax... Right? Wrong!Fortunately, the US has certain exclusions and credits in place to...
One of the biggest tax advantages of living abroad is enjoying lower tax rates (depending on where you retire obviously) found in some outside countries. However, as a US citizen or Greencard holder, you are required to report your worldwide income to the US every year. Even if you are no longer living or working in the US. This often means two tax returns, and twice as much taken in tax... Right? Wrong!Fortunately, the US has certain exclusions and credits in place to limit this dual taxation. These credits can go a long way to limit (or even eliminate) any tax liability in the US. The biggest credit is the Foreign Earned Income Exclusion, this allows you to exclude over 95K of income from being taxed in the USA. If your earned income falls under this limit, you will not owe the US any tax (even if you won't owe anything you still have to file).
If you properly use the available credits and exclusions, you can actually enjoy the low tax rates of certain countries!
How much does food cost in Granada, Nicaragua?
Food in Granada is quite inexpensive. When I spend around US $10 at the market I can feed three people with that. I can buy chicken or meat, cheese, plantain, and rice and I will have enough and plenty for dinner. I may even have something left to cook the next day.
I do not feel restricted with what I need at all. I spend around $300 every month on food and that is good enough to feed my whole family.
How much you spend on food obviously depends on what you choose to...
Food in Granada is quite inexpensive. When I spend around US $10 at the market I can feed three people with that. I can buy chicken or meat, cheese, plantain, and rice and I will have enough and plenty for dinner. I may even have something left to cook the next day.
I do not feel restricted with what I need at all. I spend around $300 every month on food and that is good enough to feed my whole family.
How much you spend on food obviously depends on what you choose to buy and maybe the brands that you choose. My wife and I prefer to live a non-pretentious, low profile lifestyle. We do not always buy top of the line products. We like local, normal food. We do not particularly look for a specific brand all the time. To give you an overall idea, a budget of $1,300 per month for my family’s expenses is good enough in my class. I do not feel like I have to budget everything just to manage my finances. $1,300 per month already covers food, clothing, and my car.
With a budget of $130 to $160, a single person can purchase food for a month. This would equate to about $5 per day.
Are there earthquakes in Belize?
How are the rules of etiquette or customs different in Portugal?
The Portuguese language is a very formal language, but like everything else in the world today it’s becoming more and more relaxed.
The Portuguese language is a very formal language, but like everything else in the world today it’s becoming more and more relaxed.
