Authors: Kathleen Peddicord
ISBN-13: 9781594630651, ISBN-10: 1594630658
Format: Hardcover
Publisher: Penguin Group (USA)
Date Published: March 2010
Edition: (Non-applicable)
Kathleen Peddicord is the founder of liveandinvestoverseas.com, a subscription site offering its members advice on retiring abroad. A full-time expat herself, Peddicord lived in Ireland with her family for several years before relocating to Paris and, most recently, Panama.
It's not just Florida anymore! This definitive step-by-step guide helps anyone to find, relocate, and save on a home away from home
The effects of the economic downturn on IRAs, 401(k)s, and other retirement savings plans have forced thousands of people to rethink their plans for retirement. But Kathleen Peddicord offers a cheaper option with all the benefits of a stateside retirement: living overseas.
Retiring abroad has never been more accessible or appealing. In addition to a sense of adventure, the allure of an idyllic locale, and the excitement of learning a new culture, Peddicord shows readers how living in an unconventional retirement destination can cost less than a traditional home in Arizona. This prescriptive guide answers every essential question potential ex-pats have, from instructions on setting up bank accounts to tips on locating great restaurants.
Peddicord has more than twenty-five years of experience helping thousands of people successfully and happily relocate to the retirement of their dreams. From remote and relatively unknown havens like Nicaragua to well-traveled areas in Italy, How to Retire Overseas is the ultimate guide to retiring abroad.
Introduction xi
Section I Ten Steps You Can Take Now at Home 1
Step 1 Know Yourself 1
Step 2 Budget Your New Life Overseas 10
Step 3 Take Out a Map 19
Step 4 Research Residency Options 23
Step 5 Get Good Tax Advice 27
Step 6 Shop for Health Insurance 33
Step 7 Learn the Local Real Estate Market (for Both Sales and Rentals) 41
Step 8 Figure Out What to Do with All Your Stuff 50
Step 9 Set Up a Virtual Home Office 56
Step 10 Consider Part-Time Retirement Overseas 61
Section II Looking for Something Specific 63
Cheap Living 63
Luxury Living on a Budget 73
Retire to the Beach 77
Escape to the Mountains 79
Top Choices with School-Aged Children 82
Entrepreneurs Welcome 87
Best Health Care 92
Great Weather 95
No Language Barrier 97
Part-Time Retirement Overseas 99
Easy Access to Home 99
Tax-Friendly Jurisdiction 101
Established Expat Community 104
Fully Wired Location 107
Special Benefits for Foreign Retirees 109
Section III The World's Fourteen Top Retirement Havens
Argentina 118
Belize 125
Croatia 130
Dominican Republic 136
Ecuador 140
France 146
Ireland 153
Italy 157
Malaysia 161
Mexico 168
Nicaragua 173
Panama 181
Thailand 188
Uruguay 194
Section IV Settling In 201
Renting, Renovating, or Building Your New Home 201
Setting Up: Furnishing Your Home and Finding Household Help 213
Establishing an Administrative Infrastructure: Opening Bank Accounts, Arranging Utilities, Paying Bills, and Filing Tax Returns 218
Getting Around: Owning a Vehicle and Obtaining a Driver's License 224
Becoming Part of Your New Community: Learning the Language and Making Friends 229
How to Make the Most of Your New Life 236
Section V Overcoming Challenges and Cultural Differences 239
Margarita Madness 239
The Language Barrier 243
The Hassle Factor 245
Managing Your Expectations 248
The Mañana Factor 251
Handling Panic 253
Frequently Asked (and Not So Crazy) Questions 258
Conclusion: The Two Most Valuable Things I've Learned as an American Abroad 265
Appendix: Estimated Monthly Costs of Living by Country (U.S. Dollars) 271
Index 277