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Where Americans Retire Outside the US, Ecuador, Costa Rica, Panama?

  
  
  
  
  

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American people expatriating

Where to retire?  As an American baby boomer my choices are nearly endless.  Like most others, I want a safe place with great health care options.  I want easy access, low airfare and lots of airlines servicing the country.  I also want a stable government, a healthy economy and great weather. I am personally planning to spend my retirement years living outside the US, as an expatriate.  What's an expatriate you ask?  Someone choosing to live outside their home country.  Americans are leaving the US in record numbers.  The value of the US dollar has been declining as the US continues to print money at a record pace.  This dilutes the value of your savings if in dollars.

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Cosmic Bowling in the Osa Region of Costa Rica and a Real Estate Boom

  
  
  
  
  

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Baxter Bowling Alley

People have been getting quite a surprise when driving down the coast in southern Costa Rica.  There among the toucans, sloths and macaws is another rare bird in this area, a cosmic bowling alley.  The Costa Ballena region has been amazing people with its bio diversity for years.  But recently some new inhabitants have appeared, causing a migration of a different sort. 

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House Hunters International, Travel and Leisure Magazine Costa Rica

  
  
  
  
  

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playa ventana caves with Steve Linder

Yup, just like I keep telling everyone, it's only a matter of time before everyone wants to be where we are.  Travel and Leisure Magazine wrote this past month that the Bahia Ballena Coast is in the top two places to visit in 2013 and HGTV just showed up to our little town of Ojochal to film an episode of House Hunters International, trying to find the perfect home for a retiring north American couple looking for real estate in Costa Rica.  The baby boomers are coming, we had 6 sales in the last two weeks and all our Costa Rica Property Tours are selling out. 

Please tell your friends about our Costa Rica blog and please visit www.PacificLots.com 

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All Americans Assumed to be Tax Evaders - living abroad or at home

  
  
  
  
  

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US Piggy Bank
All Americans Assumed to be Tax Evaders
Body:

Many of you readers may be unaware of a few provisions that were slipped into the HIRE Act signed by President Obama back in 2010. Two key elements seem more aimed at Americans living outside the US than at jobs creation but are having sweeping effect on all foreign investment options for Americans, whether living in the US or abroad.

Under the guise of improving employment opportunities, the FBAR (the Foreign Bank Account Reporting) Act and the FATCA (the Foreign Account Tax Compliance Act) have put tremendous international pressure on many foreign financial institutions, forcing them to become tax compliance offices of the US and IRS. Don't get me wrong, I am not a tax evader, nor a millionaire and most American citizens living abroad or simply with investments abroad are not tax evaders. The net result of these two new tools being used by the US government on every US citizen who owns any asset abroad should clearly be illegal and is a direct attack on our personal freedom as Americans. FBAR required the reporting of foreign bank account holdings, just as we all are required to report any income earned.

The problem with FBAR is that rather than relying on our citizens to report their foreign accounts, we are FORCING foreign banks to act as our reporting agents. The net result is that many foreign banks are now refusing to open accounts for American citizens. With the fiscal mismanagement we have both with managing our debt and with our monetary system, I can't put money in our banks without losing value for every dollar deposited. Currently the inflation rate is higher than bank interest. So to avoid any capital flight, our government has made it very difficult for us to deposit our money in any foreign banks though many are paying attractive interest.



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Why Westerners Retire in Asia - Compared to Costa Rica

  
  
  
  
  

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Pi Pi island Thailand

As I scour the internet for retirement options for baby boomers, I like to share what I have found.  I'm sure many of you are aware that Kristina and I have traveled over much of the planet looking at living, investment, rental and retirement options for ourselves as well as our readers.  We like to provide cost/benefit analysis for north Americans, mostly baby boomers, looking to diversify their savings and investment as well as searching for  quality of life, life experience, lower cost of living in a healthy and safe environment.  Our travels have taken us to some pretty unpalatable places but along the way we have also visited some places that left wonderful memories and many where I would have loved to own a home.  Many places offer excellent adventure travel opportunities but would not be a place I would want to call home.   

Please tell your friends about our Costa Rica blog and please visit www.PacificLots.com 

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Costa Rica Tourism in Overdrive in 2013

  
  
  
  
  

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American Airlines in Costa Rica

I wrote this on the 6th of January: 

Please tell your friends about our Costa Rica blog and please visit www.PacificLots.com 

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NEW 2 BEDROOM 2 BATH HOME PACKAGES FOR NORTH AMERICAN EXPAT MARKET

  
  
  
  
  

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2 BEDRROM HOME FOR EXPATS

Chontales, Puntarenas Costa Rica  - Pacific Lots of Costa Rica recently unveiled a new community development of 2 bedroom 2 bath model homes priced from $140,000 to $210,000 complete.  The project, one of 17 built in Costa Rica by the developer, includes a community pool and gazebo style club house. This project is located in the incredibly stunning southern Pacific region of Costa Rica, just a few miles from the ocean.  Homes feature granite counters, AC in both bedrooms, landscape and all site work.  See www.PacificLots.com/Land-Home-Deal      

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Chontales Costa Rica Development Updates Pacific Lots

  
  
  
  
  

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Water filtration system Costa Rica

It’s good to write today with an update of activities in Chontales, our largest master planned community within our developments.  Our crew there is very busy!

Please tell your friends about our Costa Rica blog and please visit www.PacificLots.com 

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Building a Custom Home in Costa Rica in Pacific Lots Development

  
  
  
  
  

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Ojochal and Chontales Costa Rica

Building a custom home might seem like a lot of work for many of you.  The time, effort and stress make many people want to just buy a house off the shelf.  However taking the time to build a custom home lets you get the house of your dreams.  The process does not take as long as you think and we make it easy. 

Please tell your friends about our Costa Rica blog and please visit www.PacificLots.com 

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Infrastructure Update - Chontales Costa Rica Real Estate Development

  
  
  
  
  

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Artesian well water Costa Rica

Impressive!  Our latest effort has been the engineering, design, approval and construction of the water system for the Chontales development.  High in the mountain jungle behind Chontales is a large artesian mountain spring.  Over the past 5 months a posse of our workers hand carried over 100 tons of cement, rebar, miles of PVC piping and wood to make forms deep into the jungle.   These materials have been transformed into a collection system capable of delivering over 40 liters per second of clean artesian spring water. 

Please tell your friends about our Costa Rica blog and please visit www.PacificLots.com 

SUBSCRIBE OR LINK TO OUR BLOG as well. 

 

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