PUERTO RICO PROJECT

You spent many years or even decades working your nine to five, saving for the future, and earning an income so that you can get to this time in your life. When it comes time to retire, not only should you rejoice at all of your accomplishments, but you should take a few things in consideration before finding a destination to settle in.

 

some people, retirement means living near family and friends, whereas others it could mean traveling the country and abroad. Regardless of your plans, there are some things you should consider before finding the area you want to live in. Let’s take a look at Puerto Rico, which is an American territory with bountiful offerings that may suit your interests.

WHY RETIRE IN PUERTO RICO?​
 

  • FOR THE TAX BREAKS

    • Puerto Rico government’s Act 22, or Individual Investors Act, exempts residents entirely from taxes on dividends, interest and capital gains. To qualify, you would have to spend 183 days of the year living in Puerto Rico.

    • Other benefits include no "double taxation" 
       

  • FOR THE EASY ADJUSTMENT

    • Puerto Ricans enjoy a lower cost of living than mainland Americans.

    • The cost of living is more than 11% lower than the aggregate for the U.S., according to 2016 figures compiled by Numbeo.com. (Compare San Juan with a city where you live.) 

  • FOR THE CLIMATE

    • Warm weather is a constant year-round, with little seasonal variation.

    • Temperatures in San Juan and its other coastal areas average in the mid-80s to 90 or so in the daytime, cooling to the mid-50s to about 70 degrees overnight.
       

  • BECAUSE IT'S CLOSER THAN YOU THINK

    • Puerto Rico is quicker and easier to get to than most other places that can compete as retirement destinations.

    • A non-stop flight from Miami to San Juan takes under three hours.

    • The flight from New York is about four hours.
       

  • THE BOTTOM LINE

    • Puerto Rico's unique status as an American territory can make it particularly attractive to Americans looking for an affordable place to retire.

    • It also makes the transition to a new home easy.

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A US FEDERAL MAANGEMENT GROUP DBA

KING CAPITAL ADVISORS

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River Edge, New Jersey 07661

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