By: Margaret Summerfield, NuWire Investor
Steve Linder lives and works in Key West, Florida, and plans to retire to the Southern Zone of Costa Rica where the weather is beautiful and the cost of living means his dollar will last longer. Now, he’s thinking it may make more financial sense to retire early rather than continue to pay the exorbitant property taxes, insurance, medical fees and living expenses of Key West. Calculating current costs, Steve discovered he can save just over $25,000 a year if he moves now rather than wait for retirement. While he still hasn’t decided whether he should stay or go, he knows that once he gets there he will enjoy everything there is to offer: delicious food, affordable health care, beautiful outdoor living and a chance to retire in comfort.