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Tips for Planning Your Retirement in Belize

Posted by Grand Baymen on Nov 4, 2015 12:25:52 PM
Grand Baymen

If retirement appeals to you because it is the chance to explore a new destination, enjoy a tropical setting and pursue all of your favorite outdoor activities, then heading to Belize may be the perfect choice for your future.

Retiring in Belize is a common choice for those who want to live a life of luxury without blowing their budget. If you're thinking about retirement in Belize, then use these tips to start planning for the next stage of your life.

Invest in Real Estate in Belize

First, it is important to get a realistic view of real estate in Belize. Thankfully, the cost of buying a house or a condo in Belize is very affordable, meaning that you can easily find a home right next to the beach or in an expat community for a lot less than you might in North America or Europe.

Many retirees choose to live at the Grand Baymen, a resort-style community with countless onsite amenities and the social aspect of being surrounded by like-minded residents from all around the world. 

Get to Know Other Residents

If you're not quite ready to retire, but you've made the investment in local real estate, then take trips whenever possible to familiarize yourself with the fabulous environment.

You'll be able to see firsthand what an amazing place Belize is, and you'll have the opportunity to meet other part-time and full-time residents.

Forming these connections, and knowing what great people call Belize home, can encourage you to make the move and head to this Central American paradise a little quicker.

Brush Up on Your Favorite Hobbies

One of the best things about retiring in Belize is having a warm climate year-round and endless types of recreation available. As you get closer to official retirement, make time to brush up on all of your favorite hobbies.

This might mean teeing off once a week so that you're ready to impress on the green in Belize, or it might mean restarting the morning walk routine so you're fit enough to stroll the beach each sunrise.

Consider Medical Care in Belize

As a retiree, getting adequate medical care should be a top priority. Thankfully, Belize boasts a number of world-class hospitals and an abundance of medical clinics.

Do some research to find the closest clinic as well as the nearest hospital so that you'll be prepared in the event of an emergency. 

Learn the Prerequisites of Becoming a Belize Resident

Unlike some jurisdictions, Belize actively encourages retirees to reside within the country. The process to become a formal resident of Belize is straightforward and uncomplicated, and anyone meeting the requirements is all but guaranteed to be accepted.

Brush up on the resident prerequisites, which include things like age and guaranteed income, as you prepare for retirement in Belize.

Open a Local Bank Account

Whether you plan on shopping in San Pedro or just buying a meal at one of the wonderful restaurants at the Grand Baymen, you don't want to be incurring foreign fees every time you use your traditional debit or credit cards.

Opening a bank account in Belize is a great step on the path towards retirement.

If you've already decided to retire in Belize, then it might be time to start preparing for the move. By opening a bank account, researching residency requirements, investing in real estate and considering medical options nearby, you'll be ready to take the most of your time the minute you arrive in Belize.

Come to Belize and Discover All the Wonderful Things Awaiting!

 

Topics: Retiring in Belize, Living In Belize

Grand Baymen

Written by Grand Baymen

The Grand Baymen Community includes three distinct but complimentary properties that cater to tourists, expats and Ambergris Caye residents alike. Baymen Garden Condominiums – A private, secure condominium community located on a four-acre parcel of property. Exotic Caye Beach Resort – An established, popular beach resort that caters to tourists and residents alike. San Pedro Fitness Club – Ambergris Caye’s premier club - with pool, tennis courts and gym.