El Podcast

E74: Costa Rica vs. Nicaragua in Retirement

Episode Summary

Ally initially planned to retire abroad but ended up settling in Nicaragua before relocating to Costa Rica due to political instability. Despite the higher cost of living, Ally enjoys the climate and proximity to the ocean and city. Ally advises considering healthcare, culture, and activities when choosing a retirement destination and cautions about property risks. Ally left the US due to taxes, overcrowding, and safety concerns, highlighting the importance of feeling comfortable. Ally shares expat experiences, emphasizing research and following dreams when living abroad.

Episode Notes

Takeaways

• Consider the political situation and stability of a country when choosing a retirement destination.
• The expat community and their values can play a significant role in feeling comfortable and fitting in.
• The cost of living in Costa Rica is higher than in Nicaragua, but still affordable.
• Climate, healthcare, culture, language, and activities should be considered when choosing a retirement destination.
• Be cautious when buying beachfront properties and understand the regulations and potential risks.
• Flexibility and understanding of local customs are essential for a successful expat experience.
• Feeling safe and comfortable is crucial for a fulfilling retirement abroad. Living as an expat in Costa Rica and Nicaragua has its challenges, including language barriers and differences in healthcare systems.
• The cost of living can vary depending on the location, and it's important to consider factors like transportation and proximity to medical facilities.
• Decisions about retirement and social security should be based on individual circumstances and family medical history.
• Research and preparation are key when considering a move abroad, and it's important to follow your dreams while also being aware of the cultural and political situations in the destination country.

Watch the full episode: https://youtu.be/KPnbyiTGO5U