×
Interested in our Partner Program for businesses or our Local Guide Program for experienced expats and digital nomads? Click here to learn more.
Expat Exchange
Free MembershipSign In

Baby Boomers & foreclosuress

13 years ago
Hello! My husband & I have come to the realization that there is no way we can live in the US on Social Security. We have found the prospect of moving to Costa Rica exciting, & are hopeful to be moving there in several years. Like so many other retirement age people here, we have a small pension, & will hopefully have enough in our retirement accounts to purchase a home or property in Costa Rica. THE PROBLEM - we. like so many folks our age, will still have a sizeable mortgage. There is no way we can pay it off by retirement. How many baby boomers have simply walked off & left their homes to foreclosure? It must be quite a few. THis is a topic that I heard come up on the news recently, & it got me wondering how others are handling the reality of not being able get out of debt before retirement. We drive 10 year old vehicles & do not use credit at all. It is just this mortgage that we felt we would have paid off!

GeoBlue
GeoBlue

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Living in Costa Rica GuideLiving in Costa Rica Guide

Our Living in Costa Rica Guide is a primer on everything about living in Costa Rica: best places to live, cost of living, pros and cons, healthcare and insurance, and more.

Costa Rica Forum Costa Rica Forum
Join our Costa Rica forum to meet other expats and talk about living in Costa Rica.

Contribute to Costa Rica Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Costa Rica.

Best Places to Live in Costa Rica Best Places to Live in Costa Rica

If you're dreaming about living in Costa Rica, here are the 15 Best Places to Live in Costa Rica in 2023.

Healthcare in Costa RicaHealthcare in Costa Rica

Costa Rica has both public and private healthcare systems. When you become a resident, you must enroll in the public healthcare system (CAJA). Many expats use the public system for routine healthcare and have private expat health insurance for specialists, surgeries and emergencies.

Cost of Living in Costa RicaCost of Living in Costa Rica

If you're moving to Costa Rica, you'll want to understand the cost of living in Costa Rica. Lifestyle, location and health insurance are part of the formula.

Moving to Costa RicaMoving to Costa Rica Guide

Moving to Costa Rica has become more popular among expats. Making this choice requires a lot of research to ensure the expat experience you hope for will be realized.

Real Estate in Costa RicaReal Estate in Costa Rica

Real estate listings in popular cities and towns in Costa Rica.

Pros Cons of Living in Costa RicaPros & Cons of Living in Costa Rica

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Costa Rica.

Retiring in Costa RicaRetiring in Costa Rica

Advice for people retiring in Costa Rica.

Visa and Residency Costa RicaCosta Rica Visa & Residency Guide

Applying for residency in Costa Rica can be a daunting process. Which type of residency is right for me? Do I need an attorney? Do I have to leave the country every 90 days? What is a cedula? This article answers these and many other questions.

10 Tips for Living in Costa Rica10 Tips for Living in Costa Rica

If you've recently arrived in Costa Rica, here are 10 tips for digital nomads living in Costa Rica.

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Contribute to Costa Rica Network Contribute
Help others in Costa Rica by answering questions about the challenges and adventures of living in Costa Rica.

GeoBlue
GeoBlue

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal Partners & Local Guides