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jjlen53

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About jjlen53

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  1. i have heard (rumor) that he is the son of a CR judge, hence, the attention.
  2. Ya know I must has slept through that class when I got my MBA. Of all the indicators of financial problems, a glut of used car ads did not seem to be on the list. I do not enjoy useless predictions of doom, especially with zero basis in the facts. CR might have a problem, but an excess of used car ads is not one of them. Let us consider the good things we have. That is what the Ticos do. They are not worried about impending financial collapse and you probably should not either.
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  4. Hi, I have been using CR CD's for 4 years now. I'm not sure I'm doing everything correctly, but I have been trying to do what the IRS wants done. This is what I go on, subject to new input: - If you have more then $10,000 in deposits outside the US, you need to use a special form to report these deposits to the IRS. Failure to do so can result in major penalties. - CD interest is passive (unearned) income and is *not* covered by the $95K "foreign earned income exemption." It's taxable from the first dollar. - CD interest income is "realized" when the coupon matures (even if you don't cash it in!). No avoiding this by reinvesting (2 year CD's may help a little). - I "think" the built in 8% CR tax on the CD interest is deductible on your US taxes as "Foreign taxes paid." I called the IRS and asked about this and they said yes, but this is my first year claiming it, so the Jury is still out on that one. - If you have questions, call the IRS. You may need to call more than once as the wait times can be long. I thought they were surprisingly helpful. Jim
  5. Gee, you learn something every day.... All this time I had thought continents were determined by the movement of tectonic plates. See how wrong I was? Jim
  6. I HAD been thinking that we might have made the wrong choice in buying, but was reminded by a friend of a time not too long ago when you could not find anything to rent as things were going crazy and rents were very high. So, keep in mind that one of the reasons to buy (instead of renting) is to provide a stable situation. Always a tough call, but not a decision you need to rush. Jim
  7. jjlen53

    taxes to irs upon selling a property?

    I searched for "irs selling foreign property" found this: http://www.greenbacktaxservices.com/blog/expat-taxes-buying-selling-real-estate-abroad/ It looks like it's handled just like the property was in the USA. There is a 1.5% transfer tax in CR. I'm no expert, but the info is on line.
  8. That sounds like a rather un-scientific, very broad statement. The last time I looked out my window, there were still a few people left in town. But, then again, if you read it, it must be true. Why do you paint with such a broad brush?
  9. I can't say I know this fruit, but I will look for it. I want to point out that all fats are not automatically bad. Some fats, in limited quantity, are very healthy and necessary. Just as there is good and bad cholesterol, there are good and bad fats. I've read a little on this and it's not clear which are good or bad. In general animal fats are bad, but I'm not sure if all fruit type fats are considered good. This does not mean eat all you want as you still get the calories! Jim
  10. My wife and I had discussed this before. How was it that with two grown children, a debt free existence and two stable and well paying jobs, that we executed a plan to sell off all we owned, quit our jobs and resettle in CR? The answer is simple: life sucked! We were working way too hard, living unhealthy lifestyles and there was no end in sight (at age 55). Basically when the pain gets high enough, the decision gets very easy. Do your home work (residency, income, life plan), simplify your life in preparation and the time will come when you can say yes with real certainty. Good luck! Jim
  11. By retiring to CR, my weight is now normal (lost about 70 pounds), no more antidepressants (after 20 years on two meds), My cholesterol is no longer an issue (also after 20 years on two meds). I didn't need to try hard to pull this off. Life here just made it happen. I think I actually drink more here, but due to the lifestyle (food and exercise) I have turned my health around. The north american lifestyle and workstyle have become a cause of illness. People were not meant to work or eat the way they do now (at least in the US). In my case, "metabolic syndrom" was cured by getting off the hamster wheel and retiring to CR as otherwise I would have been working for at least another 10 years if I/we had stayed in the US. For what it's worth... Jim
  12. Please forgive my sense of humor... We want to talk metaphysics, but can't figure out how to send a PM? No insult (I had to google "metaphysics" when this discussion started) intended, but that's funny! (A different) Jim
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