Nicaragua Expat Forum

Retiring in Nicaragua

9/7/2019 20:14 EST

I was convinced I would retire in Colombia, but their taxes on worldwide income even SSN or pension income, and mandatory 12.5% for their government EPS health makes that look difficult if I keep paying for Medicare . In Latin America I can only find Guatemala, Costa Rica, Panama, and Nicaragua that do not tax worldwide income. I am a single, 62 year old guy, and was hoping for thoughts on retiring there. Thanks so much in advance!

paddyoperry

9/7/2019 20:23 EST

Martin,
Panama hands down. Not as inexpensive as Nicaragua but the pensionado discounts are tremendous.
I mean 15% at subway for cryin out loud. As much as 25% on airline tickets, medical insurance I don't know about personally but I've read that it's inexpensive too. But the best part is it's not too far culturally from being in the US. I have a Nica passport, my Mom was from there. Lived there 8 months but visited every year since 2001. Moved to Panama a year ago and am now applying for residency. I can't draw SSN yet so I can't use the pensionado program but I really love it here. Depends mostly on what you're comfortable with. If you haven't visited either country you can't even begin to make a decision.
Hope that helps.

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

Learn More GET A QUOTE

mattinnorfolk

9/7/2019 20:28 EST

Thanks. I have been there twice to Boca Del Toros and Panama City and liked it very much. Boca del Toros is incredible but not for living full time, and Panama City is an expensive Metropolitan area, that is good for a city weekend getaway, but not to live. What areas do you like there? Thanks.

paddyoperry

9/7/2019 21:12 EST

I'm a Chicago boy, after 8 months in rural Nicaragua I'd had my fill and knew I'd never be a country boy, full time anyway. So I live in the city, needless to say. Coronado was nice, stayed there for a bit, much nicer was el Valle de Anton. Because I'm still working I haven't bummed around as much as I'd like to but that will come.

Expat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

Expat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

Living in Nicaragua Guide

Did you know that lots of homes in Nicaragua don't have hot water? Did you know that it's very easy to meet other expats in Nicaragua? Expats share their tips for living in Nicaragua.

Nicaragua Forum
Join our Nicaragua forum to meet other expats and talk about living in Nicaragua.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Nicaragua.

Best Places to Live in Nicaragua

Expats discuss the best places to retire in Nicaragua. From upscale communities on the Emerald Coast to the beautiful city of Granada, Nicaragua is no longer just a haven for surfers.

Healthcare in Nicaragua

Expats living in Nicaragua discuss health insurance and quality of medical care in Nicaragua. Additional topics include health insurance for 65+, in-home nursing care, prescription medicines and more.

Cost of Living in Nicaragua

Expats offer insight into the cost of living in Nicaragua.

Moving to Nicaragua Guide

If you're thinking about moving to Nicaragua, you must read these 13 things to know before moving to Nicaragua. Expats offer realistic and honest advice about cost of living, learning the language, poverty, renting vs.

Real Estate in Nicaragua

Real estate listings in popular cities and towns in Nicaragua.

Pros & Cons of Living in Nicaragua

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Nicaragua.

Retiring in Nicaragua

Advice for people retiring in Nicaragua.

Additional Information:

Visit our Nicaragua Index for a Full List

Expat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

Expat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

Contribute
Help others in Nicaragua by answering questions about the challenges and adventures of living in Nicaragua.