Tag Archive: Banking & Money

Sep 10 2016

Invest Your Savings in Coopenae

Updated September 10, 2016 Why invest in Coopenae? Audited by Fitch Ratings (auditor of banks worldwide) from which we got excellent ratings: expectation of very low risk; risk differs very little from the highest possible ratings (see below for details). Extensively monitored and controlled, just like other public and private banks in Costa Rica, by …

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Apr 17 2015

Great News for Potential Investors in Costa Rican Certificates of Deposit!

Many of you have asked us for information about our investments in Certificates of Deposit (CD). Until now, the bad news has been that you must be a legal resident of Costa Rica in order to open a bank account of any kind in Costa Rica; in fact, you needed to have your actual cédula (residency card). …

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Jun 05 2014

Questions and Answers: Healthcare and Banking

If you are thinking about moving to Costa Rica (or anywhere unfamiliar, for that matter), you have lots of questions and are searching for the answers. We get a lot of questions here at Retire for Less in Costa Rica, and often, we get the same questions more than once. Here are this month’s questions: Greg …

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May 08 2014

Bank Interest Rates for Term Deposits in Costa Rica

Published by the Costa Rica Star on March 10, 2014. Used with permission. UPDATE: please click here for more information about Coopenae in Costa Rica. Thank you to Asdrubal Zamora Corrales for the additional insights and information. Last week, the banking interest rate in Costa Rica dropped to its lowest level since July 2008. The “tasa basica …

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May 08 2014

Questions and Answers: Investing in Certificates of Deposits and Avoiding Bank Fees

If you are thinking about moving to Costa Rica (or anywhere unfamiliar, for that matter), you have lots of questions and are searching for the answers. We get a lot of questions here at Retire for Less in Costa Rica, and often, we get the same questions more than once. Here are this month’s questions: Don …

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Dec 27 2013

Banking and Funding Your Life in Costa Rica at 9.50%

(Updated 7/2/2014) Whenever we speak at a conference, we try to answer the top three questions people ask us: What’s Your Cost of Living? What Do You Do for Health Care? What Do You Do All Day? Cost of living and health care are pretty straight forward,  requiring little creativity. Since people from North America …

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Oct 29 2013

Trusted U.S. Tax Prep & Business Consulting Services

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Oct 27 2013

Questions and Answers: Converting Money Into Colones

If you are thinking about moving to Costa Rica (or anywhere unfamiliar, for that matter), you have lots of questions and are searching for the answers. We get a lot of questions here at Retire for Less in Costa Rica, and often, we get the same questions more than once. So we’re starting a new …

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Jun 26 2013

Deadline for Some US Citizens Investing Overseas

The U.S. government has changed the form that some taxpayers must use to report their overseas bank account. But the agency has put the form online. That is the news from the Association of Americans Resident Overseas, an expat advocacy organization. The association noted that Americans overseas and U.S. green card holders are required to …

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Jun 10 2013

Have a Reserve Fund for Emergencies

If you’re retiring overseas and you have a pension or Social Security, that’s fine. But you better bring a cash reserve as well. How much? I don’t know. Bring what you can. Recently we suggested at least $20,000, but $120,000 would be better, and $220,000 even better. And when I say “bring down” I don’t …

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