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Going with private doctors may be ok but I am concerned about serious health issues. A private policy would certainly break my bank as I have priced international insurance for Mexico. Not affordable either.
Do you know what their rates are? I saw 7.1% online but that wouldn’t be considered low.
We did go back in 2013 to CR. We stayed 2 weeks. Beautiful country, aside from the severe poverty in the central valley.
So what is this 4 year requirement? You basically have 4 years to figure out if you want to go permanent or not? I doubt folks stay as rentistas forever. I can swing the $480/month, but I am unsure what that number will be (aside from any increases, etc) once we go permanent. Given the wages there I don’t think regular folk pay $240/month.
You have been most helpful!
Thank you
chrisI am confused. The money that is deposited is returned back to us with interest right? The Banks don’t keep that money.
I can show a pension of at least $1000/month but will they use that number or the actual number as the basis for CAJA?
it just dawned on me… We both can start off as rentistas, let the $120K sit in a bank for 2 years making interest, then apply for permanent status.
Here is the real question, what criteria would they allow for us to stay? Is there an income requirement for permanent resident?
“living expenses”?
I think I could probably get away with showing my pension as only income, but all of that income is USA based so I don’t know if they go by “gross” amount or “net” amount (less the taxes basically).
You are right about the rentista as being a cheaper alternative. After the 2 years would he be able to stay there in CR as a full time resident? Remember he won’t have an income so I don’t know how that plays into it. Well we won’t be renting as that is throwing money away to me. So the $60,000 which will sit in a CR bank for two years won’t be accessible until after those 2 years?
What I am fearful is that the medical costs will be assessed individually for him and me and that would be a deal breaker when it comes to our overall budget. Since he doesn’t have Social Security and solely depends on me, my income alone is not huge and I am worried that we won’t be able to afford CR as it is about as expensive or more expensive as it is here in Arizona. And I won’t even mention the ridiculous taxation on bringing in personal property into the country.
— added this —
You wrote “Applying as Investor will result in a high CAJA payment for you, of at least $450 per month, although I have heard that it is higher than this. ” How is that determined? He has no income at all.How is income really determined? Is that less taxes taken out for the IRS?
I have a pension and I will be pulling from my 401K. Then SS will kick in at 62. I am nervous about how much I’ll have to pay for me and you say $450/month for an investor (minimum). I just calculated my final income, less taxes, and my portion would run $817.51 and if his is $450 per month, $1267.51. It would be cheaper to stay in the US with Obamacare! Obamacare is not reasonable in cost.
I wrote this to the president of CR:
My partner and I are considering Costa Rica as our final destination in life when I retire in less than 2 years. I understand that CAJA will recognize same sex couples with regards to health, but my concern is residency. I have contacted a few lawyers and it seems that we would both have to enter as 2 individuals when we have effectively been a family for now 16 years in the USA. I am not asking for us to be considered as a married couple as we aren’t married. We are two adults who have chosen to take care of each other as a family and families come in all combinations. It would make our decision easier to move to Costa Rica and not Mexico (not my first choice) if the entrance requirements weren’t financially challenging. I am the one who has the income (pension) and investment so I would rather not come up with strange financial arrangements for us to become residents, when others, who are married, can just come in as a couple. I do hope that things change as I think Costa Rica is our best option. I will still be young enough to be of service to your country as I have technical skills and I love to mentor young engineers. We visited your beautiful country back in 2013 and we love Guanacaste! Thank you
Chris
I’d like to see some answers to these questions too. I am faced with either going to Mexico or Costa Rica. There are some really expensive gotchas if you aren’t careful with Costa Rica. Attorney’s fees for one! You’ll need one for residency and other matters and they aren’t cheap. Bringing in your personal belongings or even an automobile will make your eyes pop out because of the taxation. Just keep that in mind.
