You’ve worked hard all your life, you’re ready to retire, and you’re rich. Like, really, really rich. Millionaire rich. You’re one of the smart ones who put pennies away, saving not for a rainy day, but for a sunny retirement in one of the most beautiful places in the world, The Caribbean. So, where do you go to retire? What are the hottest Caribbean paradises to retire to?
The top 5 spots to retire to in the Caribbean may be up for some debate, but there are a few front runners that seem to top everyone’s list. For you island dwellers, look to the Dominican Republic, the Turks and Caicos Islands, or the lesser known and visited Ambergris Caye,Belize. For those who want the ease of the Caribbean, but prefer to stay connected to the mainland, Panama remains a top option for retirement. And of course, making the cut once again of the best Caribbean Paradises to retire, Costa Rica.
The great news about all of these locations is that even if you’re not actually a millionaire, you just feel like one, or want to spend your retirement living like one, in these beautiful locations, you can.
Dominican Republic The Dominican Republic is located along the eastern half of the island of Hispanola, one of the largest islands in the world, and second largest in the Caribbean, after Cuba. This tiny republic is home of some of the most beautiful beaches the world has to offer and anyone looking to spend their retirement years diving and snorkeling will be pleasantly pleased with the near perfect conditions year round. One of top producers of both rum and cigars, this country is a great place to spend evening after evening watching spectacular sunsets while enjoying a fine cigar and a delicious rum. With frequent flights from The Dominican Republic to both New York and Miami, it’s no wonder that many millionaires and retirees from all walks of life decide to call this paradise home.
The Turks and Caicos Just north of The Dominican Republic you will discover The Turks and Caicos Islands, a British Overseas Territory, geographically part of The Bahamas, but politically separate. The main reason people visit The Turks and Caicos is for the all inclusive Club Med Resort, located on the more populated island, Provo. While there are 8 main islands in this island cluster, almost 300 islands total make up The Turks and Caicos. If you really want to retire like a millionaire, what better way to do so then by buying your own island in The Turks and Caicos? Like The Dominican Republic, many people come to The Turks and Caicos to dive and explore the marine life. While on dry land, you can indulge in some of the exquisite cuisine that the island has to offer. The same lobster you swam with on your dive, just may end up as you dinner. A true island paradise awaits you in The Turks and Caicos.
Ambergris Caye, Belize The little known island gem offers the best of both worlds, a laid back Caribbean culture mixed with high end resorts and all the modern luxurious of life. With an interesting past, Ambergis Caye was once a remote pirates’ hide out and a Mestizo fishing village. In recent years, Ambergis Caye has been the location for two seasons of the popular and slightly scandalous show Temptation Island. Scuba diving and ecotourism are becoming large economies on this island, the largest island in Belize. With waterfalls, spectacular caves, and virgin rainforest, this island is a great retirement choice for the active retiree who still has plenty of adventure and exploring left to do. Plus, guess who would be your neighbor? That’s right; Leonardo DiCaprio has his very own private island, Blackadore Caye, just off the coast of Ambergis Caye. Clearly, this is a top spot for retirees, millionaires, and billionaires alike.
Panama Panama has it all, and for those who aren’t sure that the island life is for them, Panama offers a great balance between the laid back beach life style and the metropolitan vibe of Panama City. Panama is the only Central American country with a true first-world city. Almost everything about living in Panama is easy. International flights come and go with frequency from Panama City, the country is hurricane free, unlike some of its Caribbean neighbors, the international community is welcoming and friendly, and the country has relatively relaxed immigration policies. If you’re ready to retire to a Caribbean paradise, but you’re not entirely ready to give up city living, Panama is the place for you.
Costa Rica For years, Costa Rica has been attracting visitors and retirees from all over the world and it’s no secret why. The lush, tropical landscape, friendly and welcoming locals and international expats, great health care system, unrivaled natural beauty, and great real estate options have had people going crazy for Costa Rica for years. There are few places in the world that can claim to offer what real estate in Tamarindo, Costa Rica has going on. This tiny little country is home to 5% of the world’s biodiversity, making it a wonderland for bird watching, monkey spotting, sloth encounters, diving, snorkeling, and more. The country is one of the greenest in the world with some of the most forward thinking environmental policies. Like Panama, the Caribbean coast is spared the pain of hurricane season, and the country has had a very peaceful past, free of civil wars, coups, and the abolition of its army in the 1940’s. The country prioritizes education, health care, and the environment, so obviously people here are happy. With active volcanoes, natural hot springs, stunning waterfalls, beautiful beaches, ideal weather, affordable real estate, and happy people, it’s no mystery that Costa Rica is one of the most popular places for everyone, millionaires included, to retire to year after year.
There you have it, the top 5 Caribbean Paradises for retirees and millionaires, plus Leonardo Dicaprio. While these spots are some of the hottest locations for retirees and millionaires, there are plenty of other great Caribbean paradises out there, waiting to be discovered. Go see for yourself if you can find a better place than the 5 listed above. You just might discover the next best thing. Who knows, you could even end up on your own private island.
- License: Image author owned
- License: Image author owned
By Ali Asjad
Ali Asjad is a content strategist based in Stockholm, Sweden. He helps companies in vast and varied verticals be more successful and visible online. Circle him on Google+ to further the conversation.