When I move to Mexico, should I keep a US bank account or open a bank account in Mexico or both?
Sandi Vandiver
When you move to Mexico, you should keep your US bank account and have a Mexican bank account.
You can have your social security come to certain banks in Mexico who share with other US banks through some arrangement. When I go to the US, I have a bank account in a US Bank and that’s where my social security check goes and that’s where my debit card is so that when I go to the US to shop, I use that debit card. But I also have a bank account...
When you move to Mexico, you should keep your US bank account and have a Mexican bank account.
You can have your social security come to certain banks in Mexico who share with other US banks through some arrangement. When I go to the US, I have a bank account in a US Bank and that’s where my social security check goes and that’s where my debit card is so that when I go to the US to shop, I use that debit card. But I also have a bank account here in Mazatlan.
It’s easier to have a bank account here. You can take their newest debit card and go to an ATM machine any place in the world and draw out money. But in the last couple of year it has, gotten very expensive to do that. It’s not about Mexico but it’s about the banks in the US. For instance, I can take my debit card from my US bank and I can go to the ATM at almost any bank here, and I can draw out $500. But my bank charges me 15% and that makes no sense. So I set up a situation where when I need money, I wire larger sums of money to my Mexican bank account and I pay $25 for the wire. It’s more cost-effective.
My satellite system is out of Canada and every month my bank account in the US is debited for the cost of that satellite system but my bank, because it’s called a foreign transaction fee, charges are may nearly $4 to pay that bill. That’s how most US banks make their money, in fees. So I would recommend, if you’re going to spend any time at all in Mexico, you really need to have a Mexican bank account.
How's the kayaking, rafting, and canoeing in and around Algarve?
Luis Teixeira da Silva - Algarve Senior Living
Rafting is not great in the Algarve because there are not steep and fast flowing rivers here. Kayaking and canoeing, however, are good.
We have two, large navigable courses in Algarve, the Guadiana River on the border with Spain, which is the largest, and the Arade River, which comes down from the mountains and flows into the sea between Portimão and Ferragudo. Those are fantastic courses because they are quite flat and there are a number of courses along the...
Rafting is not great in the Algarve because there are not steep and fast flowing rivers here. Kayaking and canoeing, however, are good.
We have two, large navigable courses in Algarve, the Guadiana River on the border with Spain, which is the largest, and the Arade River, which comes down from the mountains and flows into the sea between Portimão and Ferragudo. Those are fantastic courses because they are quite flat and there are a number of courses along the shores where you can stop your car and load your canoe into the water and paddle from there and back. There are also a number of inlets, which allow you to do even more sheltered canoeing.
There is also a fantastic picnic spot, where there is a boat ramp called Sítio das Fontes, in municipality of Lagoa. This is a wonderful place to take your family out for a picnic and take your kayak or canoe and go out from there even with the youngsters so you could teach them to kayak or canoe for the first time. There is no difficulty or risk of being on a big river.
The Arade River, which is used for the canoeing and kayaking, is also used for jet skis. The daughter of an Italian family that settled in the Algarve was the world champion jet skier for I believe 3 years in a row and she trained on Arade River, so it is big enough for this kind of activity. In the estuary at Portimão, the World Series powerboat competition is held once a year. They come to Algarve every year and people come to the banks to see these very powerful boats on the edge as they drive around the estuary and the river.
In addition to the jet skiing, here is calm kayaking on these rivers. You will see the people paddling up and down from a number of the beaches such as the Batata Beach in Lagos, the Dona Ana Beach in Lagos as well, and others that often have kayaks for rent. On a calm day you can paddle along the coastline and go into the caves and onto the little inlets of the coast. 99% of all kayaking and paddling here in the Algarve is of the quiet type.
There is also some kayaking on the southeast of the Algarve, but strangely enough, not as much as in other areas. The reason is that the whole estuary area called Ria de Tavira, which has low lying islands, sand banks, and the like, is very large and the distances are quite great. You would find that most of the people who explore the river in this area do so in small, motorized boats.
How are Americans in Belize treated? How are expats in Belize treated generally?
Chris Leonard - Paradise Found Belize Real Estate and Development
Americans and expats in Belize are treated very well. There are already lots of expats in Belize, so you have people you can relate to on the level that they are already there. Pretty much anywhere you go, you will run into somebody who is an expat, whether it is walking into the Chinese market or going into a bar.
There are expat communities throughout Corozal and the rest of the country, so there are lots of expat activities, such as dart leagues and...
Americans and expats in Belize are treated very well. There are already lots of expats in Belize, so you have people you can relate to on the level that they are already there. Pretty much anywhere you go, you will run into somebody who is an expat, whether it is walking into the Chinese market or going into a bar.
There are expat communities throughout Corozal and the rest of the country, so there are lots of expat activities, such as dart leagues and pool leagues. People are respectful and expats are always treated just like another person on the street. In addition, there are no issues relative to skin color.
Under what circumstances do I need a visa in Panama?
Daryl Ries - Keller Williams Panama, associate
A visa is required to enter Panama and its stamped into your passport upon entry and departure. The visa form is at the airport check-in and distributed on the airplane. The “Friendly Nations List” includes the USA and Canada, but if you are not a citizen of a country on this list, then you must check visa requirements.
If you have a permanent residency card then you do not need a visa, and unlike a visa, there is no time limit on...
A visa is required to enter Panama and its stamped into your passport upon entry and departure. The visa form is at the airport check-in and distributed on the airplane. The “Friendly Nations List” includes the USA and Canada, but if you are not a citizen of a country on this list, then you must check visa requirements.
If you have a permanent residency card then you do not need a visa, and unlike a visa, there is no time limit on coming or going.
If you remain a non-resident then you are subject to the time limit restrictions that change every few years. Panama prefers you become a resident as it offers easy options to become a resident, with some of the best incentives and perks anywhere in the world.
What's the language most often spoken in Nicaragua? Can I get by if I just speak English?
Marissa Gabrielle Lolk - Jireh Dental Care
In Nicaragua, you can get by with just English because a lot of people here do speak English but it is not our main language. Our main language is Spanish. If you speak even just mediocre Spanish, you’ll certainly get by so at least try to learn mediocre Spanish. You want to be able to order in a restaurant even if you do it with little hand gestures because nobody will go out of their way to speak English for you.
I saw a couple of Asians who were really struggling and...
In Nicaragua, you can get by with just English because a lot of people here do speak English but it is not our main language. Our main language is Spanish. If you speak even just mediocre Spanish, you’ll certainly get by so at least try to learn mediocre Spanish. You want to be able to order in a restaurant even if you do it with little hand gestures because nobody will go out of their way to speak English for you.
I saw a couple of Asians who were really struggling and the guy tried speaking in English. The girl at the counter tells him that she doesn’t understand what he’s saying so I intervened for him and he looked like he had the biggest relief ever. You do need Spanish because Nicaragua is a Spanish-speaking country, unless you go to the Atlantic side, where you can go and speak English all you want.
If you go to the expat areas, then you don’t have to speak Spanish. My husband has gotten around for 3 or 4 years here in Nicaragua without speaking ANY Spanish but he also had me. If you have somebody who can help you out then you’re good to go. Now my husband can speak mediocre Spanish; he can order stuff on the phone and make himself understood.
(Marissa Lolk's Danish husband dressed as a Viking representing Norway in a parade in Nicaragua, pictured.)
What should I be most concerned about regarding retiring abroad?
lars forsberg - Longboat Retirement
There are several things to be concerned about when considering retiring abroad.
The most important consideration should probably be safety and security. Is the place you are considering safe? What is the crime rate? Do the locals dislike your country or your country's politics? Is there violence against foreigners? Is it a war zone? What does the local government look like? Is it a police state?
...
There are several things to be concerned about when considering retiring abroad.
The most important consideration should probably be safety and security. Is the place you are considering safe? What is the crime rate? Do the locals dislike your country or your country's politics? Is there violence against foreigners? Is it a war zone? What does the local government look like? Is it a police state?
After safety you should look at economics. Can I afford to retire here? What will it cost for housing, food, and the lifestyle I desire? Is it very expensive?
At the other end of the spectrum, if it is a cheap place, why is it cheap? Is there infrastructure, and if so, is it reliable? Is there a police force of any kind? How are the roads? Can you get there reliably, and can you get out if you need to?
After you've decided that a location is safe and affordable, ask yourself if this is a place where you could spend a lot of time. What kind of things are there to do? Are there other people around that would be fun to spend time with? Will you get bored?
When you've found a place that checks all the right boxes and you are excited about the possibilities of a new adventure, many people recommend that you go there and rent for a few months to "try the place on." This seems like good advice.
Keep an open mind, an open heart, and stay flexible. You are not in Kansas anymore.
From an interview in July, 2016 by Chuck Bolotin, Best Places' VP. Business Development:
Chuck: Bill, you are a real legend and pioneer here in the La Ventana area, which we should let everyone know is a little seaside village about 40 miles southeast of La Paz. Everybody knows “Mr. Bill.” Please let our visitors know your story in the area.
Bill: My story starts in 1982. I had been to Mexico and I wanted to open a wind surfing school. I looked around all...
One of the first things to catch my eye when we arrived in Panama was the indigenous Indian women's brightly colored dresses. They make them and many are sold at the side of the Pan-American Highway under thatched roof huts. From infant to adult sizes the colored dresses float in the wind at the small vendor's places. On the women everyday you find yourself counting the different colors you see as you walk around town or pass the villages long the highways. Blue, green,...
Panamá has recently invested several million dollars in their road infrastructure, making it one of the most modern systems at least in Latin America, connecting the airport to the city via a beautiful highway 20 minutes drive surrounded by the Panamá Bay.
As a matter of fact, in today´s newspaper, very important information was released that the government will invest several million dollars more between 2015-2019 to expand the ...