Retirees can reduce some aditional expenses by relocating to Costa Rica
Most retirees live on a fixed income. With no Social Security raises for a couple of years Baby Boomer retirees are more pressed than ever to make ends meet, especially those with the added expenses like the ones below. Costa Rica just might be the solution to these particular financial situations.
Caring for an elderly parent or relative can really place a financial burden on a retiree with a fixed income. This type of care can cost thousands of dollars monthly in the United States. Retirees will be happy to know that in Costa Rica they can hire a full-time person to do this kind of work for under $500 a month.
In addition, having a special needs child who depends on you after you retire, can also affect your retirement income. Adults with a disability diagnosed before age 22 also are eligible for Social Security Disability Insurance benefits, based on the retired parent’s Social Security earnings. These monies may help but your retirement income may still be affected. As I just mentioned above Costa Rica’s affordable hired help can enable you to stretch your retirement dollars. Over the years I have had several clients on my monthly relocation/retirement tours with adult children with disabilities. All were very interested in Costa Rica as an alternative.
With today’s faltering economy many Boomers retirees may also have adult children with financial problems. Consequently, they may also have to help with their grandchildren’s college education. Enrolling their grandchildren in a bilingual Costa Rican university is a possible solution. My Costa Rican son goes to ULACIT University which costs under $3,000 per year. He has some classmates from the U.S. who are studying here because of the low tuition. They are able to do this because a lot of classes are given in English and the courses are also accredited.
By moving to Costa Rica and reducing your costs when confronted by situations like the one above, you most certainly will stretch your retirement dollars and enjoy a higher quality of life than you would I the States.





