According to the Social Security Administration over 600,000 retirees receive their monthly benefit checks in countries outside of the U.S. Compared to just over 200,000 in 2002, it seems more and more baby boomers are retiring to Costa Rica, Mexico and other international destinations. As retiring overseas has exponentially increased in the past decade, these same baby boomers are also retiring as much as 10 years early!
Retiring in Costa Rica and other Latin American countries allows retirees to live well – on less money, with better weather, and most countries even offer highly accessible and inexpensive health care.
More Baby Boomers are Retiring to Costa Rica and Other
Latin American Countries
Latin America has been known as a retirement hot spot for years. But what makes retiring in countries like Costa Rica so attractive?
Live Better for Less in Costa Rica
For most baby boomers, financial considerations top the list. The cost of living in Costa Rica is so cheap that retirees are able to live the good life in Pura Vida for a fraction of the cost of retirement in the United States.
Costa Rica is extremely retiree friendly. With affordable healthcare, low cost of living, as well a large ex-pat population, assimilating in this Latin American country is extremely easy.
Even if you have never thought about retiring outside of the U.S. the idea is worth considering. If gorgeous weather and an early retirement are core ingredients of your retirement plan, you might want to research the ex-pat lifestyle a bit more deeply. After all, over a half-million retirees can’t be wrong.