Three Central American countries (Nicaragua, Belize, and Panama) are among “The world’s fourteen top retirement havens,” as listed in HOW TO RETIRE OVERSEAS: Everything You Need to Know to Live Well (for Less) Abroad, by the long-time editor and publisher of International Living (until 2007 when she started another venture, Live and Invest Overseas), Kathleen Peddicord.
The sections on each country are short, but they are concise, practical, and packed with helpful statistics. For example, the book includes information on the new law in Nicaragua to benefit retirees, which was just passed in June, 2009, and estimates the monthly cost of living in a city like León at about US$1200. This is a lot more affordable than a lot of US cities, where people can find cost of living soaring, especially after they lose their income stream.
There are also general information chapters to help the reader rent or buy a home overseas, understand your tax liability, and avoid common mistakes. Many people don’t really understand their options when it comes to pensions or retirement at all, and may need to view some calculators and guides to get their heads around the concept. Books like this can help people plan for the future, to know what options they have and to explore things they may not have known were open to them. Overall, this is a helpful resource, especially for comparing countries and narrowing down your choices. After all, the first question any potential expat must ask is, “Where should I go?”