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Newbie needs info

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cobalt69
11/6/2020 08:25 EST

older and tired of US I have dreamed of moving to Panama or Niccaragua I have decent monthly cash flow but am concerned about the depth of financial resources needed. What is estimated cost from ground zero to a resident visa? Does NI have a program similar to Panama's "pensionado"? What makes NI a better choice than Panama? Any info would be apprieciated

waltermboyles
11/6/2020 09:55 EST

Cobalt, send me your e-mail & I will e-mail you my WELOME WAGON.......NI is cheap living....$1,000/mo less than in the USA......PA is expensive & more like the USA.....H2O 212F

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elzorro
11/6/2020 10:37 EST

I think you going to have a lot more useful info about expats on facebook. Nicaragua's standard of living is a lot cheaper so you going to get a bigger bang for you money. Like many have suggested, I think it would be better if you try living here for a period of time 6-to 1 year before committing. Before taking the leap make sure the paperwork with the right signatures and apostilled is with you, Good luck

johnchip
11/6/2020 11:40 EST

"Older and tired of US I have dreamed of moving to Panama or Nicaragua I have decent monthly cash flow but am concerned about the depth of financial resources needed." Dreams rarely come true. You must visit/vacation 6 months to a year in both to actually see the reality of being a foreigner in a foreign land. Companionship will be your biggest challenge. There is a set minimum to your finances to obtain residency in all countries. Count on doubling that amount to live comfortably. Older means health care issues will arise. You will need to have established a reliable local network/family to assure your needs can be met once you are becoming incapacitated. Older, single...don't burn your bridges for a 'dream/adventure of a lifetime' when that lifetime has mostly already gone by. Long vacations and travel will mostly do for most with an itch.

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