Many retirees, as well as those professionals looking ahead to retirement, are well aware that maintaining a high quality of life on a retirement budget isn't always possible in places like North America. Ultimately, you have two major choices: reduce your expectations, or move to a more appealing location.
If you have decided to consider retirement in a new country, add Nicaragua to the top of your list thanks in part to the following six reasons.
1. Unbeatable Climate Year-Round
One of the main attractions to Nicaragua is the weather. If you want to spend your retirement staying active and enjoying the scenery just outside your home, then retiring in a warm destination is key.
Although Nicaragua does have slight seasonal variations in weather, you can expect warmth and sunshine throughout the year.
2. Access to Some of the World's Beach Beaches
Nicaragua is known around the world for its amazing beaches. The country boasts coastline on both the Caribbean Sea and the Pacific Ocean, creating two unique types of beaches that appeal to residents and visitors alike. From snorkeling to surfing to collecting shells, these amazing beaches are a big draw for retirees who come from around the world to soak up the sun.
3. Nicaragua Has a Simple Foreign Retiree Program
What sets Nicaragua apart from many other tropical destinations is the ease of foreign retirement. The government has created a program where any foreign individuals over the age of 45 who earn a minimum of $600 each month, or who have a set amount of liquid assets, can be full-time residents of Nicaragua.
This means no taxes on any income earned in a different country, huge tax rebates for imports and the chance to retire in paradise without any hassle.
4. Property Prices are Affordable
If Nicaragua sounds too good to be true, then you'll be pleasantly surprised to discover the affordable prices of real estate. While an increasing number of investors are finding out about the appeal of Nicaragua as a place to live, retire, visit and turn a profit, prices are still low, though they are bound to rise as the secret gets out on a larger scale.
5. You'll Find Welcoming Expat Communities
Even in the most scenic and warm place on Earth, it takes a community to help you feel as if you really belong. Some retirees are worried that uprooting themselves from their hometowns will be challenging, but it won't be as difficult when you have welcoming communities like Gran Pacifica awaiting your arrival. You'll love gathering will fellow expats to dine at eateries overlooking the water, play a round of golf or just chat by the pool.
6. Overall Cost of Living is Low
Last, but certainly not least, is the appeal of retiring in a country where the overall cost of living is quite low. Along with cheap real estate, you can enjoy all the services, amenities and upscale meals in restaurants you deserve without blowing through your retirement budget.
For many retirees, the Gran Pacifica Beach & Golf Resort in Nicaragua is the perfect place to call home.