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      • Budgets

        How Much Will It Cost You To Live Overseas?

        The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

        Super Cheap

        • Chitré, Panama
        • Santa Marta, Colombia
        • Phuket, Thailand
        • Dumaguete, The Philippines

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        • Boquete, Panama
        • Kyrenia, Cyprus
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         Free Belize Guide

        DISCOVER BELIZE

        REEF RUINS, RIVERS, AND RAIN FOREST, PLUS EASY RESIDENCY AND TAX-FREE LIVING

        Simply sign up to receive the FREE daily e-letter, Overseas Opportunity Letter plus our In Focus: Belize newsletter and we’ll immediately email you our editors’ latest research report… absolutely FREE






           

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          Home In Focus: Belize

          A Million-Dollar Retirement Without The Price Tag

          by Sophia Titley
          May 29, 2024
          in In Focus: Belize
          0 0
          Road trip through the wonderful Belize.

          Adobe Stock/Haider

          Budget is a crucial criterion for anyone considering retirement.

          The fact is that we’re living longer than ever before, so we need bigger retirement budgets than ever before.

          If the average American retires at age 62 and aspires to live to age 100 (which 54% of Americans do), then you have to be prepared to finance 38 years of retirement.

          How much does 38 years of retirement cost?

          According to the U.S. Census Bureau, about $2.3 million.

          The good news for those without a multi-million dollar retirement fund is that in the right spots overseas, your dollars can stretch so much further.

          Take Belize, for example.

          Warm, welcoming, independent, and private, it’s an English-speaking Caribbean paradise.

          This small country—just a little larger than Massachusetts—is home to a population of around 400,000. If you like wide-open spaces and small-town living, then Belize could be your perfect overseas haven.

          My preferred destination within Belize is the seaside town of Corozal, in the north of the mainland.

          It offers some of the best of Belize living, and while it’s not well-developed yet infrastructure-wise, it’s slowly getting the attention it deserves. In November 2019, Forbes listed it third in a report of the 20 best places to retire in 2020.

          Despite its small size, Corozal offers a nice variety of lifestyle options, including oceanfront, riverfront, lagoonfront, and inland farm-country living. Lots and land are available in private developments and directly from the local market.

          Here, you can rent a two-bedroom Belize-style home for around $800 per month, and, all-in, a couple could live well here on a monthly budget of $1,741.

          The one caveat when it comes to Belize is health care.

          While facilities and standards are improving, they are limited. For those with serious health concerns or existing medical conditions, it’s best to look elsewhere in the region.

          Get ​Your Free ​Belize Report Today!

          Simply enter your email address below and we'll send you our ​FREE REPORT – ​​Discover Belize: Reef, Ruins, Rivers, And Rain Forest… Plus Easy Residency And Tax-Free Living






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            How Living In Corozal Can Enhance Your Life…

            • A tax-friendly environment. Like Panama, Belize only taxes its residents on locally sourced income, so you can reduce or eliminate your tax burden by basing yourself here.
            • Stress-free living. The pace of life in Corozal is slow… For those who seek a long-gone haven—where time stands still and life drifts peacefully by without hassles—Corozal is perfect.
            • Warm weather year-round. Corozal is warm year-round, with an average high of 89°F (32°C) and an average low of 70°F.
            • Caribbean Sea access. Corozal may offer the world’s most underrated strip of Caribbean beachfront. The town is tucked inside Corozal Bay, a deeply indented part of the Caribbean, which makes for especially calm waters. This is a playground for any type of watersport you like to practice, especially sailing.

            Sincerely,

            Sophia Titley
            Editor, Overseas Living Letter

            Tags: 'how to retire overseas''places to retire''retirement advice'
            Share89Tweet56
            Sophia Titley

            Sophia Titley

            For Sophia Titley, home is a subjective concept. She was born in Singapore but grew up in Indonesia and Saudi Arabia… and has since lived in Canada, Spain, Colombia, and, most recently, Panama. She studied political science and Spanish at the University of British Columbia, and in her free time enjoys trying new recipes, playing soccer, and salsa dancing.

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                  HOME

                  Top Countries

                  • Spain
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                  • Panama
                  • Belize
                  • Colombia
                  • Cyprus
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                  Best For:

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                  BROWSE ALL COUNTRIES

                  Budgets

                  How Much Will It Cost
                  To Live Overseas?

                  Super Cheap

                  • Chitré, Panama
                  • Santa Marta, Colombia
                  • Phuket, Thailand
                  • Dumaguete, The Philippines

                  Cheap

                  • Medellin, Colombia
                  • Boquete, Panama
                  • Kyrenia, Cyprus
                  • Hua Hin, Thailand
                  • The Algarve, Portugal

                  Affordable

                  • Valencia, Spain
                  • Cascais, Portugal
                  • Las Terrenas, The DR
                  • Pisa, Italy
                  • La Rochelle, France
                  • Mazatlán, Mexico

                  Luxury

                  • Ambergris Caye, Belize
                  • Kotor, Montenegro
                  • The Panama City Beaches
                  • Paris, France

                  Resources

                  Global Living

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