RETIRE IN STYLE 3 PLACES TO RETIRE INTERNATIONALLY
Even if you’ve always planned for a comfortable retirement in the United States, choosing to live internationally could be a smart alternative to improve your standard of living in retirement. International Living Magazine’s Retirement Index has tracked objective retirement metrics — like the cost of living, democratic stability, and health care — for the last 40 years. They also take into account reports of correspondents actively living abroad. Here are some of their top picks for international retirement destinations. PANAMA Panama ranks No. 2 in International Living Magazine’s list of best places to retire internationally. With its tropical climate, proximity to the United States, excellent health care, and low tax burden, it’s easy to see why.
In Panama City, you can expect to pay at least $2,600 a month in living expenses, but housing costs are substantially lower outside of major metropolitan markets. Panama also offers excellent discounts, up to 25% off of things like airline tickets, hotels, and energy costs through its Pensionado program. COSTA RICA If it’s a textbook paradise you’re looking for, look no further than Costa Rica. Thanks to a 1948 decision to abolish their military and direct all of those funds to health care and education, Costa Rica is often referred to as the “Switzerland of Central America.” Known for its stable democracy, safety, and socialized health care that’s only available once you’ve obtained residency, Costa Rica also offers climates for just about everybody
— from the lush jungles of the south to the hot, dry beaches of Guanacaste in the northwest. Expect to find large communities of expats to help you acclimate. MEXICO The first things that come to mind for most people when you mention Mexico are margaritas and beach umbrellas, but this country offers a lot more than that. For starters, Mexico features an enticingly low cost of living. International Living estimates a couple could live in Mexico on anywhere from $1,500–$3,000 per month, depending on location, including health care expenses. Once you’ve obtained residency status, you can sign up for national health care plans that offer full coverage for just a few hundred dollars annually. read on Pg. 1, I can sometimes even reduce debt by 75% or more, taking a heavy weight of stress off of the debtor. Referring a friend or loved one to me is simple. All you have to do is pass along my phone number (262-752-6992) or email address (francetictax@ gmail.com). From there, all your friend will need to do is reach out to schedule a free consultation. I just ask that they bring all of their tax-related papers to the meeting — I can even go to them, if that’s easier — so I can draw up a proposal for resolving their case. These kinds of conversations are never fun, but taking the leap to put my name out there could save your friend, mom, brother, sister, coworker, or a cousin a lot of pain and worry. In the end, the benefits of making a referral far outweigh the costs!
DO YOU HAVE A FRIEND WHO COULD USE MY HELP?
Save Them Stress With a Simple Conversation
that money and bills are deeply personal, and a financial misstep can feel like a dark, guilty secret.
That said, we can all pick up clues when someone we love is in financial trouble. In last month’s newsletter, I talked about a few of those red flags, including unopened mail, weight fluctuations, and the refusal to attend events they used to love, like dinner or drinks on the town. If you pick up on those clues, though, or if a friend or family member confides in you about their money problems, it can be difficult to know what to do next. You’ll want to help, of course, but what is the best way to do it? Well, if your loved one’s problems hinge on an IRS or state bank levy, wage, pension, Social Security garnishment, an audit, a payroll tax problem, or another tax complication, the best thing you can do is direct them to a tax resolution specialist like me. I help people resolve IRS and state debt and minimize that debt as much as possible. As you
According to a Wells Fargo study, 44% of Americans see finances as the absolute hardest thing to talk about with others, even close friends. Shockingly, those people think money is more difficult to discuss than death, politics, or religion! One of the reasons behind this is likely
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