Costa Rica Retirement

Movin’ On to my retirement in Costa Rica

by guest blogger TicoNuevo

Retiring in Costa RicaMy story is an introduction to Costa Rica as seen through the eyes of an expat and this is my 3rd installment of my experiences of retiring in Costa Rica.

To briefly recap our personal retirement decision criteria I told you about in my installment # 2, they boiled down to five fairly basic things: 1) weather; 2) affordability; 3) stability; 4) medical security; and 5) comfort. We both had other lesser, but still important criteria related to favorite activities and enjoyment. However, we were both adamant about prioritizing these five things. 

The place where we had resided for twelve wonderful years had lots of medical security and the comfort factor, but fell short on: our median weather quotient, affordability and even showed some signs of economic, political and infrastructural insufficiencies.

Lets Deal with our Retirement in Costa Rica

by guest blogger TicoNuevo

In my introduction, you know that we have decided to make Costa Rica our permanent retirement Let's deal with your retirement in Costa Ricaresidence. So, I’d like to give you a look back at how we arrived at this rather momentous and difficult decision and later on how we implemented the move.

Our criteria and circumstances are specific to us. You may see some parallels with your situation or you may not, but the process we used to arrive at our decision should work for anyone in any circumstance.

In the late summer of 2011, it was time for us to get serious about determining when and where we were going to retire and how we were going to pay for our golden years when we finally decided to pull the plug on our work-a-day life. First, we had many long discussions about what was most important to us. I think, every couple, or individual for that matter, needs to take a serious look at what retirement looks like to them and what they value most.

John Doe is drawing to a clos(ing) on his property in Costa Rica

by guest blogger John Doe

John Doe is under construction in Costa RicaWe are now in the month of February, when we had agreed to make the final payment for our amazing property in Costa Rica, and proceed with closing the deal. Of course, these situations almost always have hurdles, and the best one can do this these is keep calm, and as much as possible keep one’s eye on the ultimate goal. I believe it was one of the ancient Greek philosophers who said “The long journey to Mount Olympus begins with a single step”

First, I should say a few words about my last post. Ivo informs me that he had some emails regarding the difficulties I described, with some wanting to know where the development was. I have sworn Ivo to secrecy about this, since my intention from the beginning was to be quite frank about the problems and issues, as well as the good things about our purchase process. If parties were identified, I knew that I would have to soften my comments, and that would defeat the purpose of my blogs.

Enjoy incredible sunsets and birdlife in Atenas before even moving there

by Ivo Henfling

Costa Rica birdsPeter and Edie Boyer moved into their new home in Vista Mar Estates in Desmonte in October 2012 and are enjoying the marvelous wonders of living in Atenas. Desmonte is located between Atenas and Orotina and the Boyers bought their home through Isabelle Jones, our Atenas agent.

Last week, I wrote a blog on the American-European Real estate website about why Atenas real estate is so attractive for Costa Rica retirement, where I wrote “The low density allows for big part of the nature to be intact, which allows for lots of birdlife, monkeys and other wildlife to be enjoyed from the terrace of your home”.

This week, Peter confirmed reason # 7 on my list by sending me a few incredible photos he has taken from his new property in Atenas and he gave me permission to share them with you. They are the reason he and his wife did retire in Atenas and not elsewhere.

Will foreigners in Costa Rica hurt from capital controls bill?

by Ivo Henfling

Measure to slow capital inflow into Costa RicaPresident of Costa Rica, doña Laura Chinchilla, proposes a new bill to control capital that flows in and out of the country. The Colon is the most depreciating amongst 19 Latin American and Caribbean economies tracked by Bloomberg.

Doña Laura Chinchilla announced measures to slow capital inflows that she called “weapons of mass destruction” against the nation’s economy.

Is this bill an effort of keeping retirees and foreign investors out of Costa Rica? Will it hurt Costa Rica real estate owners? The Costarican government has created the Luxury Home tax as well as the Corporation Tax, both overrated in the press, but that is another story. Many of my readers have asked me for a comment on this proposed bill, so here we go.

Why Costa Rica real estate offices close during the Christmas holidays

by Ivo Henfling

Costa Rica real estate toursEvery year I get surprised emails from interested people asking to see Costa Rica real estate during the Christmas holidays. They act surprised when they find out our real estate offices close down a couple of days before Christmas until after the 2nd week of January of the next year.

Thousands of tourists visit Costa Rica during their Christmas and New Year getaways and email us ahead of time that they will be in town from such date to so date and please let’s go see some Costa Rica property for sale.

Been there, done that, for about 20 years. All those wasted days, wasted gas and a mad wife (I know honey, you were always right). All those missed Christmas dinners or just seeing the last of it wrapped in a sandwich and to eat it during the next real estate tour.

The life of expats in Atenas, Costa Rica

by guest blogger Judy in Atenas

Judy and Roxi in Atenas, Costa RicaTwo sisters - Judy and Roxi - are creating a whole new life in Costa Rica post-retirement from the United States. They were in touch with our Atenas real estate agent before they moved to Costa Rica and gave Isabelle Jones a raving testimonial. Hear about Judy and Roxi's adventures, travels and experiences via their blog. They are living their dream!

Are We Still Dreaming - Has Reality Set in?

"You've Got To Have a Dream, If You Want To Have a Dream Come True" - Dennis Waitley

Hola from Atenas, Costa Rica!  The quote above states, if you don't have a dream or a desire to evoke change, it is unlikely that your dream will come true.  We have boasted on several occasions (we know, we know...shut up already) that we are living our DREAM.  You may ask, "but has reality set in yet?"

Top 11 places to visit before you retire to Costa Rica

by Ivo Henfling

Top 11 places to visit before you retire to Costa RicaBefore you retire to a new country, you need to find out which country to retire to or buy a 2nd home first. Once you have decided Costa Rica will be your retirement destination, in 3 weeks you can tour the country and find out where to concentrate the search or scratch it off your list.

Doing your online due diligence is only the start. I know some people who bought a house in Escazu years ago and still only do the trip airport – Escazu and vice versa. Please don’t be one of those; you don’t know what you are missing. The real fun starts when you come to Costa Rica rent a car for a couple of weeks and hit the roads. Leave you GPS at home and just get lost. When you hit ocean, you know you will have to make a turn.

Hundreds of retirees and buyers of 2nd homes before you have done their own due diligence on where to live in Costa Rica.

Residency in Costa Rica and your IRA or 401K account

by Ivo Henfling

Residency in Costa Rica and your IRA or 401K accountMost people don’t realize they need residency to live in another country but your IRA, 401K can be your solution.

There are many ways to apply for residency in Costa Rica but you have to keep one thing in mind: if a Costarican applies for residency in your home country it’s not going to be so easy.

Look at your options many years before you retire in Costa Rica. If you own a traditional or Roth IRA, you can transfer or rollover the funds to a self-directed plan with no penalties.

Learn more about this way of investment and getting your residency in Costa Rica in place.

Costa Rica is pura vida - the happiest country in the world

Costa Rica is a happy placeWho would not want to spend your retirement in the country where the happiest people on earth live? Did you know that Costa Rica is the happiest country in the world?

Costa Rica scores for the 2nd consecutive year # 1 on the Happy Planet Index with a score of 64 points of 151 countries analyzed. Costa Rica's HPI score indicates high life expectancy and high level of experienced well-being.

What is the Happy Planet?

The Happy Planet Index (HPI) is the leading global benchmark for sustainable well-being. The HPI measures what matters: the extent to which countries long, happy and sustainable life for the people deliver.

Freedom – happiness

Why are Costa Ricans (also called Ticos) always so happy? Of course, living in the tropics makes people happy: sunshine and lots of rum. Costa Rica has never experienced a real war, the Costarican civil war in 1948 lasted only 44 days.