Monday, March 23, 2009
Caribbean Retirement Real Estate Investment-Boomers Abroad
Are you considering being one of the million of Baby Boomers moving abroad?
The number of Americans and Canadians living abroad, approximatley 7 Million according to The Washington Post, which is twice the population of Chicago and greater than that of 33 U.S. States, has steadily grown over the past decade and it is expected to more than double within the next 10 years.
As U.S. Baby Boomers head for retirement, a look at the dreams of their parents bring back memories of the hundreds of thousands who retired to far off “promised lands” like Florida and Arizona. Pioneer developers like Walt Disney created fantasy worlds and helped shape an adventurous mindset for that generation and their children. They sought warm climates during winter months, low or no income taxes, golf, fishing, and numerous other benefits tailor-made for a budget-minded generation.
The Boomer Generation Retires
Where, now, does the retirement thinking process lead for the Boomers themselves? This is the generation that came of age in the seventies—the generation that brought technology from an idea to a staple of everyday life. These are the people who colored outside the lines, forging new frontiers, substituting world travel—their version of the same adventure—for a trip to Florida and, in the process, shrinking the world.
Central America is steadily becoming “Florida” for retiring Boomers from around the world. Increasing numbers of them are turning to this part of the world to explore their retirement adventure. The more they look, the more real evidence they find that this just may be their place to find the same dream as their parents in retirement—warm climates and economic advantages such as very large income tax advantages for those who choose residency, negligible property taxes, reasonable medical care and prescription medication costs, and affordable housing—all within a couple of flight hours from the U.S.
The number of Americans and Canadians living abroad, approximatley 7 Million according to The Washington Post, which is twice the population of Chicago and greater than that of 33 U.S. States, has steadily grown over the past decade and it is expected to more than double within the next 10 years.
As U.S. Baby Boomers head for retirement, a look at the dreams of their parents bring back memories of the hundreds of thousands who retired to far off “promised lands” like Florida and Arizona. Pioneer developers like Walt Disney created fantasy worlds and helped shape an adventurous mindset for that generation and their children. They sought warm climates during winter months, low or no income taxes, golf, fishing, and numerous other benefits tailor-made for a budget-minded generation.
The Boomer Generation Retires
Where, now, does the retirement thinking process lead for the Boomers themselves? This is the generation that came of age in the seventies—the generation that brought technology from an idea to a staple of everyday life. These are the people who colored outside the lines, forging new frontiers, substituting world travel—their version of the same adventure—for a trip to Florida and, in the process, shrinking the world.
Central America is steadily becoming “Florida” for retiring Boomers from around the world. Increasing numbers of them are turning to this part of the world to explore their retirement adventure. The more they look, the more real evidence they find that this just may be their place to find the same dream as their parents in retirement—warm climates and economic advantages such as very large income tax advantages for those who choose residency, negligible property taxes, reasonable medical care and prescription medication costs, and affordable housing—all within a couple of flight hours from the U.S.
Labels: Roatan/Retirement/Real Estate Investment/Off Shore Baby Boomers/Mexico/Caribbean
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