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Retirees Find Peace And Prosperity Far Away
INVESTOR'S BUSINESS DAILY ^ | 03/18/2011 07:02 PM ET | MARILYN ALVA

Posted on 03/21/2011 1:53:28 PM PDT by expat_panama

"When you move to a foreign country, it's like being reborn," said Sholtis, who once worked as associate director of media resources at Rockefeller University in New York. "Everything is new; it really stimulates your mind."

[snip]

Then again, good medical care in many popular retirement spots is so affordable, Medicare runs often aren't necessary, according to travel researchers and Americans living abroad.

Eight hospitals in Mexico are accredited by the Joint Commission International, a not-for-profit group that helps set quality and safety standards at hospitals and other health facilities.

Besides Mexico, AARP includes Panama, Costa Rica, Belize, Nicaragua, Portugal, Spain, southwestern France and Buenos Aires, Argentina, as its top picks for retiree hot spots. Nicaragua's past political unrest had kept it off the beaten path for years. Not anymore. "Nicaragua is considered the new Costa Rica and the new Panama because it's much cheaper," Budd said.

(Excerpt) Read more at investors.com ...


TOPICS: Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: expat; foreign; retirement
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1 posted on 03/21/2011 1:53:34 PM PDT by expat_panama
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To: expat_panama
a growing number of retirees are heading for greener pastures in foreign lands, where their dollars go further.

Yes, the dollars go out of the country.

2 posted on 03/21/2011 1:56:44 PM PDT by glorgau
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To: expat_panama

I’m confused. They have to go back to the US to get medicare covered care? Don’t they get “free” care courtesy of Mexican taxpayers?


3 posted on 03/21/2011 1:57:40 PM PDT by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: expat_panama

That’s nice.

I wish them a peaceful and comfortable tax-free retirement.

But WTSHTF in their third world paradise, I hope they don’t expect the US taxpayer to send troops and the Navy to rescue them and ship all their booty back home for free.

But I know they *will*.


4 posted on 03/21/2011 1:58:10 PM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: expat_panama

You’d have to be nuts to live in Mexico these days.

Costa Rica huh? i.e. legal prostitution?

For economics, why not Philippines?? I hear its pretty cheap to live there. Foreigners can’t own property though.


5 posted on 03/21/2011 2:01:41 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: SAJ; 1rudeboy; Toddsterpatriot; Mase
My daughter quit her full time career job as a  book editor and is now 'retired' (aka, looting iras) with family in Costa Rica.   The irony is she's now doing her same old editing job but contracting on line and clearing more money than ever.

File under 'how to retire before age 40'...

6 posted on 03/21/2011 2:02:36 PM PDT by expat_panama
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To: expat_panama
It's cheaper until you are kidnapped. Then there is the ransom problem.

Or, you're dead and no longer need to worry about health care or anything for that matter.

7 posted on 03/21/2011 2:04:52 PM PDT by 5thGenTexan
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To: expat_panama

The Mexican medical center comment reminds me of that old interview on Firesign Theater”

Interviewer: How is your son Buz?

Interviewee: Oh, he’s in medical school for a few weeks in Mexico Bob.


8 posted on 03/21/2011 2:06:20 PM PDT by RobRoy (The US today: Revelation 18:4)
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To: expat_panama
peace and properity in mexico? OOOOk
9 posted on 03/21/2011 2:08:29 PM PDT by paul51 (11 September 2001 - Never forget)
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To: GeronL; expat_panama

http://www.LivingInThePhilippines.com


10 posted on 03/21/2011 2:10:58 PM PDT by 2ndDivisionVet ("You cannot invade the US There would be a rifle behind each blade of grass." Yamamoto)
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To: expat_panama
Wow, watta a bunch of one dimensional bigots. You think the Land of the Big PX is the safest place to live?
Has the world's best or only good medical care? Get a clue!

Been to Miami lately? Chicago? Atlanta, you can find plenty of 3rd world conditions right here in the US, believe me.

Some insurance companies are paying for folks to go to India for treatment - cheaper and every bit as good, in some cases, better than you would get stateside.

Time to wise up - the US can be as dangerous as anywhere else in this world - esp if you live in/near bigger cities. And the US doesn't have a lock of good doctors or medicine.

THere are some downsides to living/working as an ex-pat - but it is not the "life in hell" as some would have you beoieve.

It's not for everyone, but don't knock till ya try it - you just might just be surprised.

11 posted on 03/21/2011 2:16:54 PM PDT by ASOC (What are you doing now that Mexico has become OUR Chechnya?)
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To: Nervous Tick
But WTSHTF in their third world paradise,

Read the current threads dude, according to them it's more likely the SHTF will occur here than overseas..........

But I know they *will*.

You know no such thing.........Let me guess, you're still working and paying your taxes and pissing and moaning about paying them, right? And how's that little problem in Texas called illegal immigrants? Let me guess, you're still pissing and moaning about ICE not doing their job too, right?


12 posted on 03/21/2011 2:18:23 PM PDT by Hot Tabasco (Oh Magoo, you've done it again.....)
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To: GeronL
Costa Rica huh? i.e. legal prostitution?

Costa Rica is gorgeous and wonderful and very inexpensive. Legal Prostitution is not going to be for those old bags and their husbands. Well MAYBE the husbands but I doubt it really.

13 posted on 03/21/2011 2:26:46 PM PDT by napscoordinator
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To: expat_panama
It's all fun and games until the local polizia decide to shake you down, and throw you in a Mexican prison when you don't cough it up.
14 posted on 03/21/2011 2:29:07 PM PDT by E. Pluribus Unum ("If they bring a knife to the fight, we bring a gun." -- Barry Soetoro, June 11, 2008)
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To: ASOC

watta a bunch of one dimensional bigots.

You have to understand that most people here hardly left their city much less international travel. They have no idea what the world is like.


15 posted on 03/21/2011 2:30:08 PM PDT by napscoordinator
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To: Hot Tabasco

I love my country. I thank God every day I was born here. If it’s up to me, I’ll die here.

America is not without problems, and yes, I do complain about them. However, I’ll stay here and work hard to make the best life I can — and to help *solve* the problems rather than running away from them.

I appreciate those who risked their lives for a sovereign America and in many cases laid down their lives for her. Loyalty is the least I can offer.

Your mileage may vary.


16 posted on 03/21/2011 2:32:04 PM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: GeronL
Costa Rica Nevada huh? i.e. legal prostitution?
17 posted on 03/21/2011 2:35:05 PM PDT by Rebelbase
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To: expat_panama

The corp. a friend works for has plants in Panama and will probably send here there for a few years in the upcoming months. She was balking at the idea. I told her she was crazy as it would be the best vacation she’d ever had and could live like a queen there on her American salary.


18 posted on 03/21/2011 2:39:09 PM PDT by Rebelbase
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To: Rebelbase

They’re probably prettier in Costa Rica anyways

BTW- Its just a couple of rural counties in Nevada, not the whole state and certainly not in Las Vegas.


19 posted on 03/21/2011 2:42:47 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Rebelbase

An American sent on assignment to Panama can expect to live in a simpler but comfortable home with all the American ammenities in a neighborhood as safe or safer than they lived in the US. The main difference for someone making 60-70K per year is that they will now have to suffer witha a cook, a maid and a driver.


20 posted on 03/21/2011 2:46:05 PM PDT by azcap (Who is John Galt ? www.conservativeshirts.com)
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