A couple of posts – see below – in mrsbabypowder’s thread have raised again the issue of over 60’s retiring to Florida. Rather than take that thread off topic I thought I would start a new thread; it hasn’t been raised for quite a while I believe.
<blockquote id="quote" class="ffs">quote:Hi all,
Ref the over 60s Visa i have e-mailed countless times to Senator Crispin,Senator Bush ,Senator Mendize and have also sent one to George Bush so far i have received two replies,but i will keep on!! perhaps if everyone who wanted to retire to Florida got of their butts and did the same we could get somewhere.[/quote]
<blockquote id="quote" class="ffs">quote:You may know they tried to get a retirement bill through in the late 1990s, Sheena, though the guy who introduced it is no longer in Senate. It failed because it only got the support of the senators whose regions would benefit, Florida, New Mexico and Arizona eg and there are far more cold northern states that wouldnt really benefit. Anyway it never made it. I think if everyone who wants to retire to Florida emailed and you got someone to introduce it again based on support in Florida, the same thing would happen again. There is a lot of self interest in American politics! Unfortunately.[/quote]
I think the notion of over 60’s retiring to Florida is a pipe dream for most people.
It is surely absolutely fair that people wishing to make that move should be able give concrete assurances that they will never be a burden to Uncle Sam.
So how do you do that?
Affording day to day living – car/housing/food etc – will present no problem to some; especially if they can sell up in UK.
However what about medical cover?
For many in their 60s+ moving to for the first time to Florida medical insurance for permanent residence will be simply unobtainable. I have seen figures of $40,000 pa for a full policy for each person bandied about, and that excludes cover for existing conditions. No doubt these premiums will increase hugely as you get older and into your 70s and 80s.
Without insurance A lengthy stay in hospital for, say, cancer/cardiac/stroke can bankrupt millionaires.
So what sort of Capital and and/or Income do you feel you would need to satisfy Uncle Sam of your solvency?
Also what safeguards do you think that you should give Uncle Sam that you won’t blow your capital on wine, women, song or gambling(or give it to your children)?
Again, blow your money, or simply can’t/won’t pay/be refused medical insurance – what happens?
If you are really wealthy and can afford that sort of expenditure, you can, in practice, stay for as long as you wish each year in Florida as long as you keep a residence and ties to UK.
Personally, much as I love Florida, I can’t think why anyone would want to retire there.
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