There are many great reasons to owning property on a Caribbean island, especially one that defines paradise. Caribbean real estate will eventually hit the equilibrium point where prices are generally the same. The world is getting smaller each day and people are discovering our island. Easy flights can be had from Europe to Newark International Airport then from Newark International Airport straight/non-stop to the Island. In Roatan taxes are low, labor is inexpensive, and capital gains are only 4% of your profit from the sell of your home. Roatan is still undervalued by a substantial margin when compared to the rest of the Caribbean. Now is the perfect time to purchase your property and secure your nest egg and secure if not upgrade your standard of living. Below is another reason why you should shrug off the stress of retirement and start with your Roatan real estate purchase.
"NEW YORK - Nearly one-third of baby boomers ages 51 to 61 are at risk of not having enough in savings to finance a comfortable retirement, according to a study being released Tuesday by the Center for Retirement Research at Boston College." -- MSNBC - http://www.msnbc.msn.com/id/20042927/
The MSNBC article gives some solutions:
"Munnell said Americans have two choices — to save more or to work longer.
For older people, "working just two years more ... can make a substantial difference" to retirement preparedness, she said.
"Working longer has a powerful effect because it shortens the period over which you have to support yourself and ... lets you put off tapping your 401(k) and collect higher Social Security benefits," she said."
--MSNBC - http://www.msnbc.msn.com/id/20042927/
These two options given to us are not great options, but options that are stressful and come from necessity. The third option is to buy an inexpensive waterfront home on the Caribbean island of Roatan, have taxes of $600 dollars a year and if you want to spend more ... hire a handyman or a maid or a general all around person for $200.00 a month (higher than the average pay for the islanders - they will be very happy).