Hello to everyone:
My name is Mark and I am currently living in Atlanta, GA having been a life-long New Yorker. I dont want my story to be too long. My ex-wife of 27 years is Puerto Rican (from NY) and we have visited the island too many times to count. Needless to say, despite traveling the world in the Army for 8 years, from the moment I stepped foot on Puerto Rico I knew I was home. So...
I will be 59-1/2 early 2018 and am tired of the day-to-day life on the mainland. I require very little in overhead having grown up dirt poor in the projects. This is what I would like to do, and I would love opinions from those of you who have made the move to Puerto Rico:
I would like relocate later this year and I have less than 40k in retirement money saved (dont ask please). I love the Isabela, Aguadilla, Aguada, Rincon, Mayaguez areas as well as the small mountain towns that surround (Baja Alto, Moca, etc.)
* Rent a small place for $400 - $600 / month
* Assume another $200 / month for water, electric, propane, internet
* I would not need cable service, just my laptop
* Another $150 - $200 for food (produce is more important to me than processed foods)
I would obviously need a vehicle which I know I could get a decent used one there. I would guess $75-$100 a month tops for gas.
Since I am a vet I could have medical until I am 65 from the VA Hospital in Mayaguez. I am bi-lingual and would hope I could find something even part time (I am an IT guy now, but would do absolutely anything).....
So bottom line, Could I initially live on $15k-$20k a year? I could start collecting my SSI (assuming a certain president doesn't gut that too) in 2-1/2 years which would be around $24k a year. I feel like I could do this, especially if I met some new friends born there, and now living there.
Thank you all for your time and I wish you all much happiness, peace and love in Puerto Rico. You are truly fortunate.
PS - I pray for the island and her people daily because it is atrocity that one the US system treats the island as they do, but thats politics. I apologize for that.
Mark