[johnnyh]

[quote=”DavidCMurray”]Whether you’re a U.S. citizen or not, if you qualify for a Social Security Pension, you have a right to it. While SS will not electronically deposit your benefit outside the U.S., it can be deposited in Banco Nacional, Banco de Costa Rica, or (maybe) ScotiaBank via an intermediary. You can also have it deposited in a U.S, bank and move it to Costa Rica by ATM withdrawal, by wire transfer, or by writing a check on the U.S. bank account.

The math . . . You can opt for a reduced SS benefit at age 62 or you can wait and take the full benefit at age 66 or 67. If you take the benefit at 62, your total net income from SS will even out at about age 74. If you can live without it, and if you expect to live much past 74, it makes sense to wait as long as you can. You can also take the SS benefit at any age between 62 and 67 (or whenever the benefit is maximized.

Thanks!

[johnnyh]

Now that we are talking about gallo pinto, is it true that everything is going up in price in C.R? I have friends and family in C.R. that are complaining about price increases.
I’m not the type that eats red meat, and I’m completely happy eating Jasmine rice, black beans, chayote and green beans, chicken and fish. In other words, I love vegetables, and I hope these don’t go up too much in C.R. This of course is for future reference, but then I just came back from Stater Brothers here in Tustin Calimexico and formerly from Lost Angeles, and prices just keep going up and up. I just paid $1.79 for celery, banana squash .99lb $1.19, squash was at $1.49 a pound. Gasoline by the way has gone up to $4.15 and higher per gallon. Inflation is really showing its ugly face.

[johnnyh]

Correct me if I’m wrong. What I understand is that since I have dual citizenship, I was born in C.R. of a Yankee father and Costa Rican mother, I can retire and have social security payments deposited in Costa Rica, or even here in California and access the funds in Costa Rica via Visa ATM. As a Costa Rican I can also work down there. The information was given to me by a Costa Rican here in Calif that helps Americans move to C.R. He was able to access all my info in the Registro. Now, do I retire at 64 next July, or do I wait for full social security benefits at 65-66?
As someone else pointed out, with all this money printing what becomes of those Dollars in a few years?

[johnnyh]

[quote=”VictoriaLST”]CR needs to protect and secure its borders just like the US does……….wait. US borders are not secure. Hmmm. Anyway, Ortega will push if he gets away with this. Maybe the army should…..wait. Ok, where are the cops? :lol:[/quote]

Yeah, we have heard that before. But you would think that Ortega would be a little bit more careful considering that there are so many (how many?) Nicaraguans living in Costa Rica and sending money north! He’s biting the hand that feeds him.
Hey, maybe the Chinese can secure the border.:roll:
Do you suppose that the Nicas living in C.R. might be sending messages to the government on Nicaragua not to blow it for them? Ha!

[johnnyh]

That’s good to know David. I don’t have anything against Walmart. How about the produce, vegetables? Are they comparable in price to the ferias?

[johnnyh]

Is the average Costa Rican flocking to Walmart stores? Are the prices Gringo prices?

[johnnyh]

[quote=”DavidCMurray”][quote=”johnnyh”]
Second question is do I transfer my Paypal account to Costa Rica, or do I leave it tied to my Bank of America account in California.
[/quote]

Try as I might, I have not been able to transfer funds [b]from[/b] my PayPal account [b]to[/b] an account here in Costa Rica. I read a few months ago that it is possible to transfer funds [b]from [/b]a Costa Rican bank account [b]to[/b] a PayPal account. In fact, the Banco Nacional website has some link to PayPal service, but it’s strictly a “northbound” transfer that’s allowed.

I’ve tried to get PayPal to accept a Costa Rican account as a “verified” (or whatever the right term is) account but it won’t take. And when I’ve spoken to a Customer Service supervisor at PayPal, I’ve been told that due to Costa Rica’s non-compliance with international banking standards, it just ain’t gonna happen.

So, “Costa Rica-to-U.S.”, [i]¡Si![/i]. “U.S.-to-Costa Rica”, [i]¡No![/i]
[/quote]

That should work David, thanks! Mind you, this is all for future reference so things might change with Paypal.

[johnnyh]

I was just about to ask a question along the same lines Chilimoya. So thanks for your post.
I’m almost 64 and I guess I can take an early retirement but I’m debating that for now.
Having been born in C.R. of an American parent and a Costa Rican mother I can actually get a C.R. cedula and also a passport. I was registered as an American citizen by my father.
According to an agent here in California, I can retire as an American and still work as a Tico in Costa Rica.
So now, my question to anyone is what is the procedure to open an account to receive social security payments to those banks mentioned?
Second question is do I transfer my Paypal account to Costa Rica, or do I leave it tied to my Bank of America account in California. I foresee flying to CA once or twice a year.
Can someone enlighten me on the above as I will be new at it. Thanks!

[johnnyh]

We all know that Dollar bills flow in Costa Rica and are widely accepted just about everywhere. But not just every bill, as some of the wrinkled one’s are refused. Interesting, isn’t it?
My question is are silver coins accepted? I’m talking about the pre 1964 90% silver coins. Do they circulate at the value of silver. I recall my government stating that silver was too expensive to have in coins! Well hell, that’s what a coin is supposed to have: Value. Not the clad coins we use now, and even those are costing more than the value indicated.
If the United States returns to a gold standard, it would have to be at somewhere between $5000.00 to $10,000.00 an ounce. Silver at $500.00 to 1,000.00 an ounce. Yipee, this investing in metals sounds like fun. I sound like the Mogambo Guru.

[johnnyh]

I love that show, particularly when they go to Central America and South America. Just recently saw the couple that bought a home in Tamarindo.
I do hope they stay out of the Caribbean side, as it should be kept pristine. Shhh, keep prices down if you know what I mean.:roll:

[johnnyh]

This is a fascinating subject for me, so much that my family thinks I’m nuts. But thanks to the op for bringing it up.
Should C.R. Dollarize? No! It should begin by giving their citizens the opportunity to buy silver in the form of Mexican Libertades as proposed by Hugo Salinas Price, one of my heroes.

Who owns the Costa Rican central bank? Costa Ricans, or foreigners? I remember when the exchange rate was 6.65 Colones per Dollar back in 1958. I remember when our coins were made of 90% silver. Now they are absolute crap, tokens! I buy the metals in anticipation of the coming Dollar devaluation. So should you.

[johnnyh]

[quote=”VictoriaLST”]Bribes? What else is new. :roll:[/quote]

I’m sure all of you have seen Star Trek, the Next Generation where all the inhabitants of the Federation can lead lives of success whether you are a klingon or a ferengi or a human, in short, the future is kind of rosy in that you can become a Captain Picard, or an engineer, or an artist, all beneficial to the system, even a traveler, just wondering through the solar system and beyond, or an modern day colonizer of planet Ururu or Onehunglow.
Well it seems that our immediate future has been all planed out by the bankster elite, and is more of us becoming serfs, otherwise known as peasants. It’s turning out more of a Fritz Lang’s Metropolis.
But I didn’t realize this when I was 20, or 30, or 50 years old. I finally wised up to their game and I’m fevereshly (is there such a word) trying a different strategy.
Our Presidents, our Congresses, all our leaders are in on the fix. They are the club. And as George Carlin said. We ain’t in it!

[johnnyh]

[quote=”kwhite1″][quote=”davidd”]Scott

I turn to your financial acumen often at times because I am such a newbie regarding the decisions of the FED most of the time.

I think its because i use too much common sense maybe

I don’t know

but can you assist??

http://beforeitsnews.com/economy/2012/12/the-fed-to-purchase-85-billion-dollars-of-mortgaged-backed-securities-2470274.html

I thought the fed was to print $40 billion per month

now it looks like $85 billion???

have I read this correctly???

is this a good thing for the american people??

thanks

David[/quote]

David, the printing of $85 billion monthly is nothing short of the devalue of the dollar on steroids. My suggestion is to convert all your US cash into metals, and quickly. Specifically silver, gold could be subject to confiscation, silver however is used in an industrial source. Confiscation would be unlikely, and the value would continue to rise.

The QE4 is a entry way to the totalitarian regime the current administration is seeking. I personally an heavy in silver and lead (the kind with gun powder behind it), that metal too with be very tradable in the very near future.[/quote]

Yes, both of you are exactly correct! I also read the Daily Bell. With the Fed printing so many Dollars, Dr. Paul Craig Roberts says that pretty soon you will enter Walmart and think you are at Neiman Marcus.
All my family and friends think I’m full of conspiracy theories and just a plain loony chicken little for converting all my assets to silver.
I believe that this government with the full knowledge and encouragement of the Chinese, is devaluing the Dollar. I believe the Chinese economy has already passed the USA. The Chinese can now dictate to the United States!
The American people have not been told this. It would be a great shock to us. To quote someone: “We are headed towards the cliff on a train going 200 miles per hour, and our leaders are debating whether to slow down to 175.”

One question to Scott and KW is how does one transfer huge amounts of silver to Costa Rica once the $hi# hits the fan? This in the event that I want to bail out of the USSA, and buy a house in CR.

[johnnyh]

[quote=”critterhill”]I’m not a “beachy” person, but some of my travel companions usually are. Our favorite spot is Dominical. You can venture south to Uvita, or north to Jaco and Manuel Antonio. The road is very good along the coastline so day trips are easy. Dominical is a relaxed little surfer town with some great restaurants and places to stay.

From Dominidal, you can go east to San Isidro del General (45 minutes) and Chirripo Valley area (less than 1 1/2 hours) for some gorgeous mountains. Perhaps some hiking to the the summit of Mt. Chirripo. From Dominical, you would be 15 minutes from Nauyaca Waterfalls and less than an hour from some fun ziplining places. If you enjoy the mountains, cross the mountain of death and make it to the Orosi Valley area for a few days.

There are sooooo many gorgeous places to visit…..you will be back!
[/quote]

You might try the Cahuita-PuertoViejo-Manzanillo beaches on the Caribbean side of Costa Rica.

[johnnyh]

Boulogne: Mind if I ask who you bought the house from? Was it one of the local real estate agents or a private party? I’m also interested in the Caribbean side of Costa Rica.

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