Nicaragua has consistently become a popular destination for business travelers and tourists as well. After the Nicaraguan Revolution in the 1980s, tourism quickly expanded. Nicaraguan President, Daniel Ortega, has declared that he will use that rapidly growing interest in tourism to help diminish poverty and bolster the economy in Nicaragua.
It's unfortunate, but for many folks, this is where the conversation stops. I hope you are smarter than that. Because,the facts show a safe, stable, and beautiful country under-valued and under-appreciated because of a reputation left over from 20 years ago. Twenty years is two decades and a complete generation. A lot can change in that period of time, and it has. But only those who set aside their initial reactions and dig into the facts get to see the truth.
Last year the Nicaraguan government passed Law 694 named "Ley de Promosion de Ingreso de Residentes Rentistas y Residentes Pensionados." This law established the rules to give Residency and tax exemptions for household goods and cars for Retired People or People with privates incomes. Nicaragua's New Retirement Law (see www.nicaliving.com/node/15617), was visited more than 3000 times since the last year, which in my opinion means there are several people interested in Nicaragua as a Retirement destination.
My mother Lucia lived the all American lifestyle until it was time to retire. For years she worked and flourished in San Francisco California. She excelled both personally and professionally in one of the most beautiful cities in America. The California way of life and the beautiful San Francisco Streets, surrounded with so much beauty, charm, and style, made for a beautiful movie-like backdrop, in which all of her dreams could come true.
You wake up to a warm tropical breeze, with the sun shining through the open window and down onto the clay-colored tile floor. It´s warm but not hot, and you can smell the ocean in the breeze. You smile to yourself, as you do every morning. After all; this is retirement and you´re in paradise.
A lot has been going on in the world over the past few months, including some vacation time with my family back up North in the cold. The change for me is delightful, but my ladies were excited to get back to the 88 degree weather and the beach here in Nicaragua. The longer we are here, the thinner the blood bonds. Alas, I may be here for a long time and that´s Ok for me too.
Thank you for your continued interest in Nicaragua. I write today with some disturbing news. Not about Nicaragua, but about North American Baby Boomers and the state of their retirement funds.
The alarm bells are going off ever since the shocking report released by Ernst and Young in June. Simply put, the report warns of massive shortfalls in retirement savings on the part of many pending retirees. It talks about drastic cut backs in life style and quality of life to ensure than many don't outlive their nest eggs.
Surf experts rank Nicaragua's Pacific surf as the best in Central America - and Rancho Santana is in the heart of the action, sporting some of the best waves in this hemisphere from May through October.