Sidney
Veteran Member
Are you planning to become a citizen of another country after retiring and moving your money or just an American living abroad? Big difference with regards to taxes, healthcare,...etc.
Sidney
Sidney
Are you planning to become a citizen of another country after retiring and moving your money or just an American living abroad? Big difference with regards to taxes, healthcare,...etc.
Sidney
Becoming a citizen of another country doesn't reduce your US taxes unless you give up your US citizenship. I believe the US is the only country to have a world wide taxing system so that income earned outside the US is taxed. The same with the estate tax.
The problem with the system is not just the tax but the reporting. Many banks, businesses in foreign countries are not willing to report income in English and in accordance with the western calendar.
This is one reason so many Americans are renouncing their citizenship
What about safety, as in personal safety? boat safety?
I don't even like stopping in places where I have to worry about either the boat or my personal safety.
Cost of living?
Climate?
I don't like the idea of living .... where you're guilty unless proven innocent.
Rain/Clouds and than more Clouds/Rain.... lol
Larry M the friend you had was wrong about military retired pay. It is not only taxed in New Zealand but also taxed in the USA as regular income, the only non-taxable monies are monies payed into the survivors benefit plan.
The OP has the possibility to stay in Europe but for most people the normal visa rules apply. A way to get a "permanent" visum for Europe is to invest Euro 250.000 in Greece. Google for "greece golden visa"
Most countries worldwide have similar situations, including the US. If you can't otherwise quality for entry or a visa or residency, you can always buy your way in through an investment. In South Florida, businesses regularly sell, even if they've never made money, just to qualify the purchaser. Not surprisingly, one can buy their way into almost any country in the world. Many in South Florida own businesses that they couldn't even legally work in.
Most countries worldwide have similar situations, including the US. If you can't otherwise quality for entry or a visa or residency, you can always buy your way in through an investment. In South Florida, businesses regularly sell, even if they've never made money, just to qualify the purchaser. Not surprisingly, one can buy their way into almost any country in the world. Many in South Florida own businesses that they couldn't even legally work in.
A sweatbox 8 months of the yearBe sure to check out Rio Dulce in Guatemala. Seems close to paradise from what I have read.
Plus its easy to drive down from the states if you have a M60 tank.I suggest Lake Victoria, Kenya---you can ship your boat there and cruise indefinitely There is always Acapulco or Loetto Mexico if you like streets running in blood and roadblocks full of burning trucks. Go to www.borderlandbeat.com for the news.
Boca of the Bulls is the same heat and humidity However its a good place to buy a boat as so many owners swallow the anchor there.Spent a day in Cartagena. The heat and humidity made me very sick. Near-similar occasions at other tropical locations taught to avoid such climate. Unfortunately, this is a large part of the world and where people think it's "paradise." So, I'm off to Alaska in a month.
'A first world' lifestyle in a 3rd world country costs more than in a first world country"I just went through the other thread I have started about retirement on another continent. It has certainly went to a different direction and become political about immigration, and such.
This was not my intention, so let me try it again. I will ask specific questions.
First; I just want to decide, if I should buy a boat in the US, or buy it where I plan to retire?
Second; my main interest is expenses. Daily expenses. The country has to be safe and friendly. Ballpark numbers are fine.
So.
1/ mooring/month-year and hookup charges?
2/ diesel prices - steady, or increasing tendency?
3/ facilities and charges, including boat yards for repairs?
4/ anchoring allowed, or not?
5/ land transportation plenty, or scares?
6/ nearby airports, how far?
I am sure there are lot more questions, but this is a good start.
I must say that I have visited over 60+ countries in my life, so I am familiar with the political and demographic structures, in many places. I do not wish to discuss those.
I just want to know, what can I afford, and where? I am trying to picture a monthly budget for a simple life in a marina, or on anchor.
Any answer to the list above is very useful to me.
Here are my choices as of today:
USA - Florida
Latin America - Yucatan, Beliz, Colombia,
Europe - Adriatic Sea, South France, Holland,
Asia - Japan remote villages, Thailand, Pacific Islands, Philippines.
I can legally live in Europe, so visa is not a problem.
Thanks everyone.
Boca of the Bulls is the same heat and humidity However its a good place to buy a boat as so many owners swallow the anchor there.