An Expat Talks about Retiring in Corozal, Belize

What is the name of the city or town that you are reporting on?

Corozal

Why did you choose to retire abroad?

lower cost of living, climate

Why did you choose the country you retired to?

Friend has property there

Are you retired abroad all year or part of the year?

all year

Did you ever live abroad before you retired abroad?

Yes, many times. I worked for an airline and was based in various cities/countries.

How long have you lived abroad since you retired abroad?

Over a period of 25 years

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Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.

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How many countries (other than your home country) have you lived in as a retiree?

7

What have been the most challenging aspects of being retired abroad?

transportation, housing

What have been the most rewarding aspects of being retired abroad?

New friends (lasting friends), different cultures and cuisines

What would you do differently if you were just starting the retire abroad process?

First visit new host country for a period of time to explore and familiarize with land and people, liquidate my possessions (small house and contents).

What is life like for a retiree in your city and its surroundings? (Is there an active expat community? Cultural Attractions? Recreation? Nightlife?)

Everything at your disposal.

What residency documents or visas did you need to obtain to retire in your host country? How difficult was this process? (Please describe)

Green Card through company, automatically

Did you buy a home or apartment, or rent one? Is this a difficult process? (Please describe)

Bought, not difficult.

Financially, has living abroad in your host country met your expectations? Exceeded them?

It is tight rope.

What are the most important financial considerations for retiring to your host country?

Married an American.

How much can a retiree live on comfortably in your host country?

$3,000 - 3,500

Do you have access to quality medical care? (Please describe - is it close? Expensive?)

Absolutely, but expensive without adequate insurance.

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Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.

Allianz Care

Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
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Is there a lot of crime where you live? (Please describe)

Not sure, but I think around 18%, I live in a peaceful suburb.

Describe available transportation where you live. Do you need a car? Is there access to safe public transportation?

Definitely need a car, safe public transport is available.

Is there high-speed internet access where you live?

yes

Do you have any other thoughts you would like to share about retiring abroad?

New host countries bank system, currency, taxes etc. need local drivers license?