Best Places In The World To Retire

Whether you live in Mexico or not, you must file form 114 (on line) if your combined highest balances in foreign bank or financial accounts is $10,000 or more at any moment during the calendar year.  Failure to file this form reporting certain factual information on the accounts can result is a $10,000 penalty.​

 

(Bank in Nogales, Mexico, pictured.)

 

 

 

Whether you live in Mexico or not, you must file form 114 (on line) if your combined highest balances in foreign bank or financial accounts is $10,000 or more at any moment during the calendar year.  Failure to file this form reporting certain factual information on the accounts can result is a $10,000 penalty.​

 

(Bank in Nogales, Mexico, pictured.)

 

 

 

There are a number of financial planning issues people face that are unique to retiring abroad as compared to retiring in your home country:

There are a number of financial planning issues people face that are unique to retiring abroad as compared to retiring in your home country:

We have an excellent Mennonite community in Cayo that provides a lot of good furniture made of high quality wood, including mahogany, ziricote, and bullet tree, all of which are high density, high quality that are going to last a hundred years. Ziricote is like mahogany.  It is very beautiful, and it lasts.  It’s known to last generations.
 
The furniture you buy can be custom-made and you can purchase ready-made.  In comparison to the US, the cost of...

We have an excellent Mennonite community in Cayo that provides a lot of good furniture made of high quality wood, including mahogany, ziricote, and bullet tree, all of which are high density, high quality that are going to last a hundred years. Ziricote is like mahogany.  It is very beautiful, and it lasts.  It’s known to last generations.
 
The furniture you buy can be custom-made and you can purchase ready-made.  In comparison to the US, the cost of custom-made furniture in Cayo would be one-third the cost. So if you buy a piece of furniture like a sofa set that’s going to cost US $3,000, here it’s going to cost about US $1,000 or less in Cayo.

 

(Mennonite furniture found in the home of Jet Metier, pictured.)

I have had the pleasure of exploring a lot of Nicaragua by car and I am always pleasantly surprised by the quality of the roads.  The quality of the paved roads in Nicaragua are very good, and there is a lot of work being done to expand the road network.

 

In many rural areas the Nicaraguan government has invested in constructing paver brick roads. These roads are very durable and easily repairable, so they are very well maintained.

...

I have had the pleasure of exploring a lot of Nicaragua by car and I am always pleasantly surprised by the quality of the roads.  The quality of the paved roads in Nicaragua are very good, and there is a lot of work being done to expand the road network.

 

In many rural areas the Nicaraguan government has invested in constructing paver brick roads. These roads are very durable and easily repairable, so they are very well maintained.

 

Most populated areas are accessible with standard vehicles, but there are still a lot of attractions that are in areas where a high clearance vehicle would be recommended.  However, you will often see the cabbies driving their small economy cars down the very rough rural roads!

 

Most beach access roads are not paved, and during the rainy season (May-November) they can be difficult to navigate.  This photo is one of the many secret places you can find off the beaten path in the Madriz region of Northern Nicaragua.   

Yes, there is one big shopping mall in Marbella, Panama City, Panama, called Multicentro, which has 4 levels with restaurants, stores, etc. Also, you can find small commercial centers, stores and boutiques on the ground floor of many buildings. 

Yes, there is one big shopping mall in Marbella, Panama City, Panama, called Multicentro, which has 4 levels with restaurants, stores, etc. Also, you can find small commercial centers, stores and boutiques on the ground floor of many buildings.