Mexico income requirements have become far too high for the average person looking to 'retire' on a low income.. which is the whole purpose of moving to another country for most people watching the videos about the financial requirements. Panama is still somewhat affordable. I hope to get my VISA from Panama in a little over a year when I am eligible to collect SS.
I concur with this video. Thiings are always changing. In life and overseas retirement programs. We didn't pull the trigger on Portugal. Missed the boat on the old MM2H. We have been on the fence with Italy. We have our Panama Immigration Attorney and have sent our authenticated documents for the Pensionado Visa. We go to Panama later this month to start the process. We still want to slow travel, but want to have that solid plan B in place. Our goal right now is to do the Schengen shuffle (90 days in, 90 days out) so we can Spring and Fall in Europe. Spend time with family in the US during the summer. Winter in Central America or SE Asia. But the main goal is to establish a home outside the US. Panama, for us, checked most of the boxes - the Pensionado Visa is especially attractive for our desired lifestyle.
This is one of the big reasons we have made the flip to slow traveling. 1,2, and 3 months at a time in a country, means no need to jump through those hoops just to pay them taxes. I understand a government like Spain and Portugal, just to name a few, wanting to cash in on these more affluent expats and it's citizens seeing them as lollipops 🍭 🤔 to 10x their property values 💰 Gringo Taxation But i don't need to fall for it. In fact have you done a video on the countries that let you buy a property without residency? Like in Italy where an American can buy a really inexpensive property say in the middle of a small town live in it 90 days travel 90 days return repeat. While renting out on airbnb, vrbo, booking etc.🤔👍
Let’s hope they don’t change the Pensionado Visa requirements, especially with the new president coming in. I talked to one attorney there and they said they don’t think that will be changing. For those of us that need a little while longer to get there, I am hoping that doesn’t change. 😊
Just found your channel, great info! My concern as a 67 yr. old on MediCare is what to do about health insurance abroad say in Panama. Kindly link to a video if you've covered healthcare or any info, thanks!
@laptopseniors According to his customers, they quote you a price for everything, then you transfer the full balance in advance as that is required, when they get your money they come back asking for "extra costs" , which can be as much as your initial payment, so customers ask to get their money back as they don't want to spend more than double the initial quote, he then says "the money you transferred is not refundable", so you either pay 100% more, of you walk away and lose the initial amount that you transferred.
Well that sucks. Are you sure it's just not some disgruntled customers? Ones who figured that they could do magic when their situation wasn't that? @@p.c.h.6721
I hear your point, and it is valid maybe, however, had I use this logic when I visited Ecuador five years ago and loved it. I probably would’ve seen myself settling down or having a second home in Ecuador things have blown up in Ecuador and it’s a very unstable country at this time so sometimes it’s OK to wait and see what happens and to not respond to fear, or the thought of not having something because things can change, and we just don’t know what the future holds. And running on fear and scarcity and lack is never a good option.
I watched Portugal become unattainable so everything you just said has been in the back of my mind. Thanks for sharing this!
Undesirable taxation wise, for sure.
I'm feeling this too. Thank you
YES ! We enjoy the Nomad Capitalist content ! Thanks for mentioning him.
You deserve more subscribers, super honest content. Not verbose (as Americans can be 😂)
We love you guys ! 👍🏼
Mexico income requirements have become far too high for the average person looking to 'retire' on a low income.. which is the whole purpose of moving to another country for most people watching the videos about the financial requirements. Panama is still somewhat affordable. I hope to get my VISA from Panama in a little over a year when I am eligible to collect SS.
I concur with this video. Thiings are always changing. In life and overseas retirement programs.
We didn't pull the trigger on Portugal. Missed the boat on the old MM2H. We have been on the fence with Italy. We have our Panama Immigration Attorney and have sent our authenticated documents for the Pensionado Visa. We go to Panama later this month to start the process. We still want to slow travel, but want to have that solid plan B in place. Our goal right now is to do the Schengen shuffle (90 days in, 90 days out) so we can Spring and Fall in Europe. Spend time with family in the US during the summer. Winter in Central America or SE Asia.
But the main goal is to establish a home outside the US. Panama, for us, checked most of the boxes - the Pensionado Visa is especially attractive for our desired lifestyle.
Very smart approach.
This is one of the big reasons we have made the flip to slow traveling. 1,2, and 3 months at a time in a country, means no need to jump through those hoops just to pay them taxes.
I understand a government like Spain and Portugal, just to name a few, wanting to cash in on these more affluent expats and it's citizens seeing them as lollipops 🍭 🤔 to 10x their property values 💰 Gringo Taxation
But i don't need to fall for it.
In fact have you done a video on the countries that let you buy a property without residency?
Like in Italy where an American can buy a really inexpensive property say in the middle of a small town live in it 90 days travel 90 days return repeat. While renting out on airbnb, vrbo, booking etc.🤔👍
We've done videos on countries where you can buy without residency but not specifically that. Interesting idea though. Thanks.
Let’s hope they don’t change the Pensionado Visa requirements, especially with the new president coming in. I talked to one attorney there and they said they don’t think that will be changing. For those of us that need a little while longer to get there, I am hoping that doesn’t change.
😊
Yes, hopefully it'll stay ok for new retirees too.
What health insurance do you use? My partner is 76, I can't find any global health insurance which covers travelers at this young age. Thank you.
Just found your channel, great info! My concern as a 67 yr. old on MediCare is what to do about health insurance abroad say in Panama. Kindly link to a video if you've covered healthcare or any info, thanks!
I would go to Panama Relocation Tours here on TH-cam. Jackie has many videos that cover healthcare in depth. Her videos are good.
For Panama
Do you think the pensionado visa requirement $$ per monthly income will go up??
That guy is a scammer, former customers have described him as a con artist!
Who
@@livingworkingoutsidebox
The guy from Nomad Capitalist
Interesting. I just watch. Never met him or the company. But his information is sound. A great starting point.
@laptopseniors
According to his customers, they quote you a price for everything, then you transfer the full balance in advance as that is required, when they get your money they come back asking for "extra costs" , which can be as much as your initial payment, so customers ask to get their money back as they don't want to spend more than double the initial quote, he then says "the money you transferred is not refundable", so you either pay 100% more, of you walk away and lose the initial amount that you transferred.
Well that sucks. Are you sure it's just not some disgruntled customers? Ones who figured that they could do magic when their situation wasn't that? @@p.c.h.6721
I hear your point, and it is valid maybe, however, had I use this logic when I visited Ecuador five years ago and loved it. I probably would’ve seen myself settling down or having a second home in Ecuador things have blown up in Ecuador and it’s a very unstable country at this time so sometimes it’s OK to wait and see what happens and to not respond to fear, or the thought of not having something because things can change, and we just don’t know what the future holds. And running on fear and scarcity and lack is never a good option.