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Seriously Considering Retirement options

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rjw989
3/10/2017 13:30 EST

Hello! Newbie here. I am eligible to retire and seriously considering Costa Rica. I was there in the mid 80s when I was in the Navy and thought the country was beautiful. So many questions though. I am really looking for a simpler life after 30 years in the transit industry management. I am going to visit in November for a week or two so I guess the first question is where is the best place to vacation and check out retirement options and life? My pension would be around $3900 month plus a little more from a supplement plan. Too young to collect Social Security yet. Feasible? Thanks for any help!

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lindyluvsCR
3/10/2017 19:32 EST

So you stated that you are eligible to retire, which I assume means at your present age. Also, you say "I" which insinuates you are single.

My husband and I do not have a fraction of your pension, and we have no problem, We do not have a car by choice, but you still would have no problem if you wanted to have one.

We do not live on the beach which is more expensive, but even if we wanted to, with your pension and later social security, we would have to ride around and throw money out the window to spend that much per month.

If you decide to visit Grecia, Alejuela, we would be happy to meet you for coffee and introduce you to others who have made the leap to live here.

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shermanwc
3/11/2017 06:51 EST

Here is my standard answer as to "where to retire in CR": Start by asking yourself a few questions: "What is most important to me: beach living vs mountain areas; hot and sunny vs cool and rainy; big city (San Jose) vs small town vs rural areas; cultural activities or outdoor activities; living on a tight budget vs greater comforts; own a car vs public transportation; access to medical facilities, airports, and borders (for Visa runs)".

Categorize your likes and dislikes as "essential qualities, would be nice to have, or not essential", as well as "avoid", so that you can narrow down possible places to live. Then ask for further recommendations in the online forums. Don't try to cover too much in one post on a forum - post different topics as separate questions so that responses stick to one topic. Spend some time exploring past discussions in forums and then ask specific questions.

Research: You can find suggestions on places to live by browsing various Expat Forums, but what is right for you will be a very personal decision. Most people will tell you that "where they live" is the best place to move to in CR - so you need to state your top criteria first so the responses are specific to what you want. Visit several different expat forums for advice, such as: "Expat.com", "ExpatExchange.com", "Forums.arcr.net", "ExpatsKnow.com", and "Expatriates in Costa Rica" on Facebook. Then choose a few locations in CR that appear to fit your criteria to visit.

You have sufficient funds to retire - but we spend more per month in CR and don't "throw money out the window"! Both location and lifestyle will affect your cost of living.

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carolvaughn
3/11/2017 08:01 EST

Another great response Sherman!!

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