Tag: Banking & Money

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

costa rica cost of living

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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Feb 10 2013

Seven Compelling Reasons to Invest in Coopenae

(Updated October 7, 2014) We’ve been banking and investing at Coopenae for several years now and have been extremely pleased with their customer service and investment CD rates. Here are some good reasons to consider investing with them: Rated by “Fitch Ratings” (international bank rating): Short term rating at: ‘F1+ (cri)’ the best possible rating. …

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Nov 15 2012

Investing and Residency

costa rica cost of living

It is my suggestion that, if you intent to move to Costa Rica, you should become a legal resident. It’s the right thing to do. And doing so has its advantages. As of October 1, 2012, to open a bank account or invest in Certificates of Deposits at any Costa Rican bank, one must be …

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Sep 16 2012

Five Things You Need To Know Before You Move Abroad

By I.J. Zemelman, EA, Taxes for Expats Moving overseas means everything is new and different. That’s the attraction, for the most part. But sometimes, new and different just means more complicated. When it comes to overseas taxes, it’s better to learn as much as you can before you move. To avoid the most common pitfalls, …

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Sep 03 2012

Should You Prepare Your Own Expat Tax Return?

Taxes have been on my mind lately. We filed an extension to the original deadline so for us, the deadline to file our U.S. Income Tax for 2011 is October 15th.  We came across the website for Taxes for Expats which has a lot of helpful articles and decided to share some with you in …

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Aug 21 2012

Documents You Need to Open a Bank Account in Costa Rica

It’s not as easy to open a bank account in Costa Rica as it is back home. Following are Coopenae’s requirements to open a savings account or CDs, though the required documentation is similar in other Costa Rica banks and credit unions. Passports DIMEX (Documento de Identidad Migratorio para Extranjeros), or DUM (old residency card: DUM = …

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