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There are many things to consider when you are planning to retire. One of the biggest factors is deciding where to live. While many people chose to stay in the United States to be close to family and grandchildren, others prefer to move outside of the country, which can be a very exciting experience. There are many countries that are great picks for retirement, however, Belize is definitely one of the top countries of choice for retirees. Picking a country to retire in can be a very hard task but the amazing locale paired with the cost of living in Belize just makes good financial sense. These reasons are what make so many people decide to retire there (including me). The Belize Retirement Incentives Program, the cheap cost of living, and the general location make Belize a great place to retire.
Retirement Incentives Program
The first great thing that influences people to retire in Belize is the Belize Retirement Incentives Program. You can qualify for the Belize Retirement Incentives Program if you are older than 45 and will cover your spouse, children who are under 18, and older children who are attending college. Under the Belize Retirement Incentives Program, applicants must be able to prove that they have a monthly income of $2,000 or more through a pension, annuity, or social security payment. The next step is to undergo a background check. Once accepted, applicants will be able to transport their personal belongings including a method of transportation to Belize for free. They will also gain permanent residency status faster than a non-applicant would. In order to apply you will need to produce certain documents such as a birth certificate and/or marriage certificate, passport, proof of income, proof of medical examination, and passport photos. There are several application fees, however, it is cheaper to apply for the program than to go to Belize on your own and establish permanent residency.
Cheap(er) Real Estate
Another great reason to retire in Belize is the cheap cost of real estate. It is wonderful to know that just because you are budget conscious, doesn’t mean you can’t retire in paradise! It is certainly cheaper than other Caribbean locations. Any properties that are close to the beach are more expensive than property in a more remote location, so depending on your budget and personal taste you will have to do some research. But even the inland areas are beautiful.
Location, Location, Location
Finally, Belize has a great climate and offers retired people many things to spend their day doing. Although Belize falls within the Hurricane Belt, the weather is almost always warm and enjoyable. People who love the summer weather will find themselves comfortable in Belize. There are also many activities to do in the outdoors. You can do things that you never had the time or ability to do while living in the United States such as snorkeling, sailing, cave exploring, and windsurfing. If you are looking for a more relaxed lifestyle you can simply lay out on the beach all day with no worries. You will also have the chance to meet new people who are vacationing or living in Belize since everyone is almost always doing something outside.
Belize is a great place to live and these factors help influence many people to decide to retire there. If you think you can qualify for the Belize Retirement Incentives Program then it is something you should definitely consider since no other countries offer this “discount” to the retired. It will really help your budget down the road. You can also find real estate for a great price in Belize whether it is on the oceanfront or in the countryside. Finally, you will get to experience the great outdoors in perfect summer weather all year round. In short, Belize is the perfect retirement destination!