When we Chicago Seniors (and as I’m over 50, I have to include myself in this group!) enjoy a winter such as this one, when Punxsutawney Phil sees his shadow (as he did yesterday), and when I see Facebook posts from far away Shangri-La destinations,
then the old question rings in my head…
Where are the best places to retire?
And how soon can I go there?!?!
Twenty years ago, when we were adopting Thomas from Costa Rica, Everyone was touting Costa Rica as THE place to go – no taxes on unearned income, tropical paradise, eco-adventures, great fishing and surfing…
We checked out a few places, but raising a family (and saving for college) was more important than purchasing land in a far away land.
We visited Costa Rica whenever we could, and we dreamed of the time when we’d launch our kids and move near beaches with Mojitos and Cabanas.
Retire Outside the U.S.
A recent article by Kathleen Peddicord in US News listed the best places to retire outside the United States – based on what’s most comfortable, affordable, convenient and rewarding for seniors.
Her top 5 Retirement Spots for Seniors:
5. Chiang Mai, Thailand
4. Cuenca, Ecuador
3. Ambergris Caye, Belize
2. Languedoc, France
1. Coronado, Panama
Costa Rica was NOT one of them… Hmmm…
Read the entire article here – select this link
Follow Kathleen’s blog – Live and Invest Overseas for more on senior retirement outside the U.S.
Like Winter? Invest in a Ski Resort!
A recent article by Personal Real Estate Investor Magazine lists the top ski resort investment opportunities. Whitefish Mountain Resort in Whitefish, Montana leads the list.
The Top 5 Resorts:
5. Jackson, WY
4. Avon, CO
3. Vail, CO
2. Truckee, CA
1. Whitefish, MT
My Chicago Senior neighbor (and I mean senior – 76 years old!) – spends as much time in Steamboat Springs as he can, skiing away. When in Chicago, he teaches skiing at Wilmot. He was smart- he bought his ski retirement property a long time ago — when he was young. He’ll be skiing at least another 15 years, knowing him. Way to go, Joe — you’re my idol!!!
Not interested in owning, but an inexpensive vacation in a reasonably priced condo is appealing? Check out my brother’s condo in Winter Park, Colorado — ask for the “sister discount!”
See the entire list of ski resort investment recommendation by selecting this link.
Regardless of where,
Regardless of why,
Invest in Real Estate for Retirement!
1. Gain more leverage
2. Grow Tax-Free
3. Tax Free Cash-Flow
4. Tax Write-offs against other income
5. Rental Real Estate is a forced retirement plan
These 5 benefits are described in the recent article by Mark Kohler in Entrepeneur.
Where do Foreigners Invest?
Interestingly enough, of the top 6 places FOREIGN INVESTORS choose to purchase real estate, 5 are in the United States –
See the CNBC video and read the article here: Select this link
Other links of interest for Chicago Seniors thinking of retirement:
Top 10 REITs for 2014 — Select this link
Whatever stage of life you’re in,
when you need to evaluate your real estate holdings,
when you want to learn how much equity you have in your home(s),
your Chicago Senior Real Estate Specialist!