Affordable Cost Of Retirement In Nicaragua

Nicaragua Finally Emerging As A Top Retirement Choice?

March 31, 2014
Granada, Nicaragua

Dear Live and Invest Overseas Reader,

Nicaragua, too long overshadowed by her picaresque president, is perhaps, finally, emerging as a top retirement and vacation hotspot.

When the dust settled in Managua after decades of battles between the FSLN (Sandinistas) and the remnants of the Somoza dynasty, Nicaragua was in a dire state. An earthquake in 1972 leveled much of the capital, and this city has only recently enjoyed any restoration. The earthquake, accompanied by the siphoning off of great amounts of aid money and other treasure looted by the departing Somoza regime, left the victors with an empty wallet and few sponsors. Faced with the armed might and massive amounts of foreign aid given to the Contras by the Reagan administration, the Sandinistas welcomed the help offered by the Soviet Union, Cuba, and Venezuela. It was that or give up on the revolution that started with the assassination, in 1934, of Augusto Cesar Sandino, their iconic martyr.

Sandino, labeled a "bandit" by the United States for fighting a guerilla war against U.S. Marines between 1927 and 1933, was assassinated on the orders of General Anastasio Somoza Garcia, who seized power two years later. Nicaragua became a Somoza family fiefdom for the next 40 years.

León, one-time capital of Nicaragua and long-standing liberal city, is recognized as the epicenter of the revolt against Somoza’s control. The unrest, a result of decades of presidential looting, peaked with the assassination of General Somoza in a restaurant in the city of León, in 1956, by a poet disguised as a waiter.


Retirement Lifestyle In Tralee, Ireland

The Best Of Irish Country Life In Tralee

March 30, 2014,Panama City, Panama: Self-sufficient Tralee maintains its unique Irish heritage while thriving economically.

Dear Live and Invest Overseas Reader,

Most visitors to Ireland's County Kerry head for Dingle, Killarney, or the famous "Ring of Kerry." Meanwhile, apart from the week of the international Rose of Tralee festival late August, the county town of Tralee and the surrounding Tralee Bay area are largely bypassed. But Tralee offers much more than one week a year of street entertainment. In many ways, this is the ideal place to base yourself to enjoy the best of Irish country life in retirement surrounded by postcard-perfect green fields, stone walls, grazing cows, and country cottages.

Here, you're surrounded by some of Ireland's most dramatic landscapes and seascapes, while remaining close to the conveniences of town and supported by better-than-typical (for Ireland) infrastructure and services. And Tralee is a welcoming town that preserves its past culture and history like no other.

The capital of Kerry, modern Tralee is the administrative center for the county. Tralee town and its suburbs have a population of about 24,000. Its name comes from the Gaelic "Trá Lí," meaning "beach of the Lee" (that is, the River Lee, which runs through).

Almost 800-years-old, the Norman town was founded in the 13th century as the home of the Earls of Desmond. The town was destroyed in 1580 as revenge for the Desmond Rebellions against Elizabeth I, then, later, was granted to Sir Edward Denny. The Dennys held their estate here up to and beyond the Great Famine.


Compelling Reasons To Invest In Property In Spain

Bus Lines And Narco-Traffickers? Compelling Reasons Not To Invest In Real Estate Overseas?

March 28, 2014

Panama City, Panama

Dear Live and Invest Overseas Reader,

This week during an interview for a real estate podcast, the interviewer asked about the Spanish real estate market...leading to a discussion about how a would-be property investor should analyze a potential market for investment.

Specifically in this case, the interviewer wondered about the impact of the ongoing troubles in Greece, including the possibility that this country might be removed from the euro, on property prices in Spain.

I tried to explain that that kind of high-level economic analysis across a region doesn't make sense to me when it comes to trying to decide whether or not to make a specific property investment. Certainly Greece leaving the euro would have some impact on Spain and other euro countries. However, I've learned over the years that analyzing markets at a macro level in this way can lead to a no-buy decision for the wrong reasons. Hundreds of factors, including these kinds of macro factors, could be considered, but, the truth is, only a handful of factors are likely to have any significant impact on the performance of an individual investor's investment.

I refer to these factors that I do think matter as "compelling reasons" for why an investment is likely to perform strongly.

For example, two compelling reasons I identified for investment in Medellin, Colombia, when I first landed in that city were the relatively low capital requirement for getting into the market and the relatively high rental yields. Today, property prices in Medellin are still low compared with other markets of interest; however, rental yields have softened. Meantime, another compelling reason has come to the foreground—the improving local economy and the expanding local middle class.


Retire To Pays Basque, France

Retire To France’s Most Colorful Corner

March 27, 2014, Pays Basque, France: The Pays Basque is a colorful, traditional, historic region of France that offers a lively and interesting retirement lifestyle.

Dear Live and Invest Overseas Reader,

No border marks the entry to the Basque region of France, but you'll know when you've crossed it. The most obvious change is the architecture. Every house—and I don't exaggerate—is painted white and Basque red. You can buy the paint at any Home Depot-type store, and the can will be labeled "Basque Red." In this part of the world, there's just one red. This paintwork tradition has the effect of making everything appear very tidy and well cared for.

France's Basque Region (Pays Basque in French) is made up of seven provinces that sit astride the French-Spanish Atlantic border. Four of the provinces are in Spain (Alava, Viscaya, Guipuzcoa, and Navarra), the other three in France (Labourd, Bas Navarre, and Soule). The three French Basque provinces form the western part of the Pyrenees-Atlantique department, with the Atlantic Ocean as the western boundary. The people who live here, the Basque people, also have their own language, music, dance, sport, cuisine (one of the best in France), myths, flag, and even alphabet typeface, making it one of the liveliest, most colorful, historic, and interesting places to call home in France or, indeed, all Europe.

The geography is intense, like a young child's drawing of the countryside where every type of geographic feature is squeezed onto one sheet of paper. Small steep valleys, rolling hills, towering mountains, meandering rivers, a wild coastline, forests, and woodland are all crammed into this gloriously green and lush region.


Retire To Danang, Vietnam

This Could Be The Best Place In The World To Retire Well On A Budget Of $1,200 Per Month Or Less

March 26, 2014, Danang, Vietnam: Danang, Vietnam, is emerging as one of the best places in the world to retire well on a budget.

Dear Live and Invest Overseas Reader,

Danang, Vietnam, is emerging as one of the best places in the world to retire comfortably on a small budget.

Clean and modern, Danang is also both cosmopolitan and seaside, a city of nearly a million people that manages to retain a small-town feel. New skyscrapers give the downtown a decidedly "developed" look, but you won't find the hustle and bustle here that you find in other Vietnamese cities.

Other differences, too, set Danag apart both in Vietnam and in Southeast Asia. Danang has an active recycling program, and the city is virtually litter-free. Few cities in the developing world are as clean as this one.

Danang is also home to a visible and upwardly mobile middle class. This is partially due to a relative lack of corruption. Unlike many cities in Vietnam, good jobs in Danang are filled by qualified applicants, rather than being sold to those who can afford to buy them.

Wide roads make driving safe, and wide sidewalks make the city pedestrian-friendly. The Han River runs through downtown, and the heart of the riverfront is flanked by two new bridges so stunning that they have won architectural awards. Other than along this riverfront, you'll encounter few vendors or beggars. The city as a whole has the look and feel of a comfortable, safe, and economically viable place to live.

Then there's the beach, one of the cleanest, safest, and most attractive in all Southeast Asia. The beachside promenade spans the length of the city along the coast of the South China Sea, with parks and playgrounds along its wide, well-maintained walkway, and the popular stretches of soft sand here are supported by lifeguards and litter barrels.


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Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

Read more here.


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