Now What? In Response to the Financial Insecurity in the States
Posted November 11th, 2008 by Christopher HowardI just looked at the November 2008 edition of the AARP Bulletin. The feature article talks about older Americans who are deeply concerned about their financial future. I found it interesting that moving abroad to a country like Costa Rica was never mentioned as an alternative. In almost all of my previous articles I have talked about the practicality of retirement in here (affordable medical care, inexpensive hired help, low cost transportation and more). Costa Rica is one of a handful of places in the world where you can easily reduce your cost of living without sacrificing your lifestyle. In fact, in most cases you will probably have a better better lifestyle than you did in the States or Canada.
Here are some of the questions from the AARP article.
- “The market has shaken me up. I’m worried about my nest egg.”
- “My money is tied up in a money market fund and in a brokerage account. Is it safe?”
- “What about my annuity?”
- “ I live on Social Security and stock dividends. Given the market, I’m worried about having enough money to live?”
- “My insurance only partially covered my post-op treatment. I’ve been trying to pay off the balance. What should I do about my medical bills?”
This are only a few of the concerns that were voiced in the article.
Costa Rica just could be a viable solution for some of these people.


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