Will you have the Energy to do it at 65?
If you plan to work all your life and when you reach 65 move to a warm tropical location and spend the rest of your days drinking a nice cool lemonade while resting in a hammock between two palm trees by the pool or beach then talk to your bank or financial planner to be able to count on receiving a viable fixed income. Then talk to us!
Selling your larger home in the future to someone younger will require an income to pay that amount of mortgage Selling may be harder as price values climb and salaries remain the same as they have been. Moving to another country and making all the arrangements and preparation at the last minute will be an added complication.
If your retirement income will be in the sale of your house well, the fact is that houses over 500K are taking longer and longer to sell because of the wage and income limits today and the reality is that real estate will eventually have to drop many will loose the option of selling to provide their retirement income in the future. Realistically the average Engineers salary for example in 1995 has not changed much in 20 years, soon it will be out of the reach of most professionals to even afford the climbing house values. Will salrries increase by 5 to 6 times the amount to meet these costs or will real estate prices drop?
All I want is decent life, a place to toast my buns, close enough to not cost a small fortune to fly back to North America!
Mexico used to be a good option to retire but is now very expensive among other unmentionable issues. Further south, Guatemala, uses it's own fluctuating currency and foreigners can't even own land near water or rent property without incorporating or having a local co-signer.
Belize is also another option but has similar laws it's own currency and property near the ocean is very expensive. Honduras uses it's own fluctuating currency as well as Nicaragua viable options as well as Costa Rica but if you expect to have that kind of money you can always plan to retire to Arizona, New Mexico or even Florida, or just continue to suffer the cold Canadian winters. The reality of living in North America is that condo fees and taxes will continue to increase, I know, as they will everywhere the difference being that after you pay your home off do you want to pay the same amount as your mortgage payment in taxes and or condo fees?
After living in Central America for the last 20 years, 8 in El Salvador I have found that the real estate is cheaper, can be owned by any foreigner, residency is fairly easy to obtain and the currency is US dollar. Property taxes are ridiculosuly low as are condo fees. A perfect little place for an aspiring retirement! Let us help you!
Our retirement services include:
- finding safe, affordable, modern, closed community housing for you
- assist you with immigration, any legal issues for purchasing or renting.
- assist setting up banking for paying bills, inter-border banking
- assist setting up medical access and services, insurance
- localization assistance, embassy, banks, shopping, hospitals, beaches, community services, 24 hour translator help, logistic services.
- Airport pickup, tempoary accomodations, hotels etc.
- Building renovation services, modernization services, Architecture and construction.
- property management services - if your not quite ready to move but want to buy a place now! to save cost and until you are ready! we can take care of it we even offer internet camera services so you can have a look and keep an eye on what you own whenever you want! Come for holidays and relax before you make it your retirement stay!
- Let us help you plan your retirement future!
example of a real Retirement cost in El Salvador today:
$530/month cost (everything but food and personal expenses)
3 bedroom freehold condo rental $400/mo - no monthly rental cost if you buy a place and still under $1000 if you don't!
maid service $80/mo
transport services $160/mo
management fees start at $100/mo
online grocery/pharmaceutical delivery - cost of purchase
24 armed security services $30/mo (included condo fee)
pool/jogging or walking paths - free
park with benches, tropical plants -free
tennis or basketball courts -free
pool/Jacuzzi outdoor -free
pool side lounge furniture - free
at home nursing/medical services - at cost
Property taxes vary per property size but average is under $50/year (that's right!! $50/year)
Full furniture rental costs depending of level of requirement - Packages start from $299/mo
Can we answer any questions for you free of charge?
You don't need to pay us a dime unless we provide you with requested services for an agreed cost for property management. Our services to help you retire in El Salvador are free. If you elect to rent or purchase a property our commission will be based on 5% of the real estate cost which will include legal assistance and 1 month rental cost plus any services we provide such as furniture rental, relocation services, property management and maintenance services such as Gardner or maid as part of the contract agreement on an agreed price. No hidden costs will be applied, your banking information is privileged to you only as well as any professional legal or medical services and are not connected to this company.
contact us at - email@example.com
Wouldn't you prefer to pay less tax, live somewhere without snow, enjoy the pool or beach? Don't you deserve to stop shoveling after 50 years of it? Let us help you make it easier!
It's a sad known fact that many Canadians will not be able to retire comfortably at age 65 in Canada. Skyrocketing cost of living and more and more companies eliminating retirement plans. The threat of C.P.P. being abolished. Where and how will you live when you reach an age that you want to retire? Are your plans to never retire? Truth is even if that mortgage is paid on that house or condo in Canada you will still be paying upwards of $500 or more a month for taxes and or condo fees.
Hopefully receive a supplement by working as a store greeter or a paper route is your plan? If your like many Canadians you managed to work all your life, paid unbelievable amounts in taxes and scraped a little aside so you can expect a meager income from what you saved or invested along with that Pension fund if it's still there.
The average min wage in 1984 was $4/hr compared to around $10/Hr 2015, that's an average wage increase of 2.5 times. The average professional's yearly salary was around $60K, and is not much more today. Compared to an average cost of almost 6 times real estate cost increase , not to mention food and energy costs that have increased up to 8 times the cost. You know it won't get better and living costs won't be less by the time you retire.
The Crude Reality
Source: Canadian Real Estate Association, Bank of Canada inflation calculator