This Central American Country Is One of the Best Places to Retire with $500K

by Khaila Gentle

Looking for somewhere to retire and put down roots? Surprisingly, there are quite a few countries to choose from, according to one article shared by Yahoo Finance,  many of which will only cost you $500,000 in your retirement savings. And if you’re looking for somewhere conveniently located, then the Central American nation of Belize is likely an ideal fit.

Belize: A Top Choice for Retirees

Photo by Carmelita Gardens

Want a retirement option that’s close to the U.S? Try Belize, says Yahoo Finance. The article “9 Best Countries to Retire with $500,000” notes that Belize offers affordable housing and a lower cost of living than other areas.

“Plus, its official language is English, which means you won’t have to learn a new language to live in the country,” it goes on to add. “You may be required to get a retirement visa which will take some time and a little money, but it could be worth it if you plan to live there for a while.”

More than that though, the reason life in this dually Caribbean and Central American nation appeals to so many – repeat visitors and expats alike – is quite easy to see. Belize is blessed with natural beauty. Another article shared by Yahoo Finance earlier this month noted that Belize is a great choice for active retirement. It’s a place where you can spend your days trekking through rainforests or exploring coral reefs.

Plus, thanks to the recent emergence of more and more sustainable communities, living a green life when you retire in Belize is more than just a dream.

Putting Down Roots Is Easier than You Think

Photo by Carmelita Gardens

Belize is known for having one of the world’s best retiree programs. The Qualified Retired Persons (QRP) Program was established in 2009 and facilitates easy retirement for all those in search of a warm and pleasant place to put down roots for their post-work life. Run by the Belize Tourism Board, the QRP Program encourages qualified persons to spend longer periods in the country without needing to renew tourist visas on a monthly basis.

Additionally, through this program, qualified retirees are exempt from taxes on all income derived from sources outside of Belize. Who is considered a qualified person? The answer might surprise you. That’s because you don’t even have to be of retirement age to qualify.  (Though, you must be over 45 years old.)

Interested in learning more about the incentives, benefits, and required qualifications of Belize’s QRP Program? We cover it all in our article “Everything to Know About Belize’s Qualified Retired Persons Program“.

Ready to retire in Belize?

Featured Photo by Hamanasi Dive & Adventure Resort

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