Portofino Resort- Now with a new BEACH BAR!!
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#208419 - 02/05/02 05:17 AM Hey, Lan Sluder...
superfooch Offline
Hey Lan,

my dad is looking SERIOUSLY at retiring to belize, your article in the Where to retire magazine was of great interest to us, but we have a question.

Now what I have read says that you need $2000.00 US per month to qualify, but your article indicated $1000.00 per month SS income or $2000.00 per month from investments. So is it either or, or is in $2000.00 per month period?


thanks!

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#208420 - 02/05/02 04:43 PM Re: Hey, Lan Sluder...
Lan Sluder/Belize First Offline
It is US$1000 a month if from a pension (including social security) or an annuity, and US$2000 if from investments where the return is not guaranteed and may vary.

Note:

1) Many people with US$2000+ in investment income could buy a short-term annuity with a little of that capital and qualify under the US$1000 a month rule.

2) The BTB wants retirees and Belize needs US$, so the BTB is flexible.

3) As a practical matter, retirees are telling me that they only have to deposit US$12000 a year in a Belize bank, even if they qualified under the investment angle.

--Lan Sluder

Belize books and publications by Lan Sluder:
Belize First Magazine (http://www.belizefirst.com)
Fodor's Belize & Guatemala Guide
Belize First Guide to Mainland Belize
Adapter Kit: Belize (the first and only comprehensive guide to living, retiring, working and investing in Belize -- a best-seller on Amazon.com)
UpClose Central America
San Pedro Cool (coming soon)
_________________________
Lan Sluder/Belize First
http://www.belizefirst.com

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