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Why Retire To Nicaragua? Here Are A Few Reasons!

By Jane Goodwin | June 20, 2007

The cost of living in Nicaragua is a fraction of what ANYONE is used to paying in the States! You can fill your freezer with several weeks’ worth of beef and pork for about $65.00. For two people, expect to pay about $20.00 for a week’s worth of fresh vegetables. You can purchase them from the vendors; be sure you wash them thoroughly.

You can hire a maid who will cook, clean, and do your laundry for less than a hundred dollars a month, and even if you order wine and dessert, your restaurant meal will cost you a mere $25.00. For both of you!

And speaking of healthcare, I really don’t think you can get a thirty-minute consultation with a U.S.-trained physician for $35.00 back home, do you?

Nicaragua is hard to beat for many reasons. The retiree incentive program here is unbelievable; to be eligible, you need only be over 45 and have a monthly income of at least $400.00. And you can live well on that $400.00 in Nicaragua.

For foreign retirees, the tax benefits/incentives are incredible.

You pay no taxes on any out-of-country earnings.

You can bring into Nicaragua up to $10,000 of household goods for your own home, duty-free.

You can import one automobile for personal or general use, tariff-free, and sell it after five years, tax-free.

You can import an additional vehicle every five years under the same duty exemptions.

Add these incentives to the incredible beauty of Nicaragua, and the friendliness of the people, and who could resist?

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Topics: Travel / Relocation, Government Incentives, Prices, Lifestyle, Money and Taxes, Destinations, Healthcare, Retirement Overseas |

One Response to “Why Retire To Nicaragua? Here Are A Few Reasons!”

  1. ourman Says:
    June 20th, 2007 at 11:31 am

    Live well on $400 a month? I don’t think so. You’d be paying at the very very least half of that for somewhere half decent. That’d leaves you under $7 a day.

    To give you an example of what that might buy, I had a very basic Nica style lunch - rice beans meat and that cost $4 with a drink.

    That leaves you $3 a day for two other meals, paying your bills, transports plus any flights home you might occasionally want to take. Certainly not really enough to pay that doctor’s bill of $35.

    I reckon for some level of comfort you need more like $800 minimum.

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