How to Retire Comfortably for Under $1,500 a Month
Jason and Elizabeth Pearce moved from Canada to Belize three years ago. They bought a piece of property on the sea. A year later, they built a house. Today, they live in a beautiful Santa Fe adobe-style home with gardens all around.
The pair lives very comfortably, without wants or financial worries. They've had no trouble making friends in their new community because the folks in Belize speak English. They eat out three or four times a week. They barbecue lobster and filet mignon at home. They have reliable Internet to keep them connected to the outside world. By choice, they do not have a television. "I used to think that the news was important," Jason explains. "But not anymore." The retired couple has a maid and a gardener, each of whom visit once a week.
And here's the best part. Jason and his wife are living on their Social Security income alone. In fact, they're living on Jason's Social Security income alone. Elizabeth's Social Security check goes into savings each month.
Everyone's spending habits are different, but here's a sample monthly budget for a couple living a comfortable expatriate lifestyle in Belize:
--Rent: $300
--Utilities, telephone, and Internet: $500 (Your biggest expense in this country.)
--Groceries: $150
--Health insurance: $50
--Entertainment: $100
--Car expenses: $300
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