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In each new issue of Great Real Estate Abroad, we bring you great real estate deals and opportunities from around the world. All prices are in U.S. dollars.

 

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Today's Great Real Estate Abroad

January 15, 2018

Single Family House

David, Chiriqui, Panama

David is a middle to upper-middle class city in western Panama's Chiriqui Province and is about an hour from the coast. It is also the location of this colorful two bedroom, one bath single story home for sale. It has a gated entry, tile floors and a small yard with fruit trees.

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The Retirement Road Less Traveled: Have You Considered Expatriate Living?

At different stages of our life, we may look back and wonder what might have been had we taken a different path. The phrase "The Road Less Traveled" from Robert Frost's poem by the same name has frequently been used to demonstrate the value of taking a different road from the crowd; and in so doing, achieving more in life than those following the crowd. I see that phrase as the most appropriate one I can think of to explain the action today's retirees need to take to maximize their retirement, both socially and economically. They must travel the road less taken. Following the plans established for the masses will no longer provide the security desired.

Many people live a life of constant regret. "If I had only..." (you fill in the blank) becomes their theme as they regret the decisions they made and the ones they didn't make. No one can ever know what would have happened had they made a different decision. Every decision we make in life precludes dozens of others we could have made and points us in a direction that is seldom reversed. Where you get your education, what you study, your choice of life partner, your financial investments; all of these decisions once made, become lifelong influences. You can add to these decisions and experiences but you can not reverse them. The past remains the past, and no matter how hard you try, you can not erase the influence your past decisions had on you. Nor can you avoid the future consequences of your actions today.

So it is with retirement. We have been taught that we work for 40 to 45 years, attempt to set aside sufficient funds to retire upon, get our gold watch (not even that anymore) at retirement, maybe a company pension, start collecting our Social Security, move to Florida, and live out our remaining years golfing with our peers. So much for the dream!

As I write this, we can no longer count on having any of these benefits, and the ones we still have must be used carefully if we want our assets to last the rest of our life. An increasing national debt, increased tax burdens on individuals and businesses, the declining value of our currency, and without a doubt more inflation are all looming in front of us. Here our assets (pun intended), and circumstances largely out of our control are taking us down a economic path directed not by ourselves but by others.

One of the options for most retirees today is expatriate living - retirement abroad. All countries are not made in the same image. Once you get out of the United States, Canada, and many of the European Union countries, you find that the possibility of a destination where you can live economically and in a more relaxed atmosphere is not only possible, but can be personally fulfilling. Likewise, you will find as you check out expatriate destinations through research, that "cheap" living does not necessarily mean "backward" living.

Yes, expatriate living is different. That however does not equate to substandard living. Many third world countries (and I use the term loosely) are now prospering economically and politically. Your choice of country should include such a country.

Expatriate living and retirement abroad offer more benefits than most individuals could imagine, but at the same time it is not for everyone. If you insist on creating a carbon copy of your lifestyle back home (wherever that may be), then expatriate living is probably not for you. The only way to live like you are at home is to stay at home.

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~Dr. Lamar Ross, a cultural anthropologist by training, has a special interest in training individuals for expatriate living and providing information on unique travel destinations. He is an author, educator, photographer, internet entrepreneur, and international traveler. He has lived in the United States, Mexico, Puerto Rico, and India and has traveled extensively in 29 different countries. His pensionado visa for Panama has been approved and he will be spending more time in Panama in the near future. Article courtesy of Ezines.

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