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How to Retire on Social Security in Comfort

Posted by Valeria Espinoza on Dec 20, 2012 8:30:05 AM
Valeria Espinoza

Some people are worried that they will never be able to retire in the United States. They do not believe that they have enough in the way of Social Security or in their pensions to live out a long, comfortable retirement. The solution may lie south of the border. Retiring on Ambergris Caye allows Americans to live in comfort on much less than the lifestyle would require in the United States.

When people choose to retire on Ambergris Caye, they will have the privilege of living in a community rather than a development. Grand Baymen is just that type of community that makes Americans feel as if they are at home.

Why Retire on Ambergris Caye?

Belize is a country that has many positives other than the fact that it is more affordable than the United States. Retirees in the colder states will appreciate its warmer weather, and everyone will love how friendly the people are. Americans can even take their political belief system with them of pursuing life, liberty and happiness.

How Do They Qualify?

Retiring on Ambergris Caye will require that Americans enter the Qualified Retired Person Program. First, they will need to be at least 45 years old. If so, they may also bring their spouses and their dependents if they are under the age of 18. Some dependents will qualify up to the age of 23 if they are currently enrolled in college.

Income Requirements

This program also has income requirements. Americans must be receiving at least $2,000 a month through a pension, an annuity or any other source. This money must come from a company outside of Ambergris Caye, and it will need to demonstrate that it has been in business for at least 20 years. Then, the company must show that the pension funds will be deposited into a legitimate bank in Belize.

Americans applying under this program will also need to obtain two bank references from their companies that offer them their pensions. The company must also clearly explain its pension scheme during the application process. Every applicant will need to submit to a background check.

The Application

Once Americans have determined that they qualify for the program, they can submit an application to the Belize Tourism Board. Along with the application, retirees will need to submit the following:

• Their birth certificates
• Marriage certificates
• Their authentic police records
• Certified copies of their passports
• Proof of their income
• A complete physical examination with AIDS test
• Photographs of applicant and dependents

Their applications with the accompanying documents will be processed by the Department of Immigration and Nationality.

Those interested in the Qualified Retired Persons Program may obtain an application online, print it and fill out with block letters. They will want to make sure that they fill in everything correctly, or they may experience a delay or a refusal of their applications.

Those who decide to retire on Ambergris Caye know that they will be retiring in comfort for a lot less money in a beautiful, tropical paradise. Americans find that they are living in a place with many amazing sights to see, including monkeys and jaguars as well as the wonders of the caves. After living for a time in a place where the native residents are happy to see them, those who retire on Ambergris Caye rarely regret their decision.

Topics: Retiring in Belize

Valeria Espinoza

Written by Valeria Espinoza