Punta Cana Can Easily Be Our Early Retirement Home

Mr. Enchumbao

I work for a large investment management company helping people save for traditional retirement. During my spare time, I help others save for financial independence and early retirement by writing for Enchumbao. My journey to FI began in 2012. I was in a lot of debt back then, but I turned things around and became debt free a few years later. My wife and I reached financial independence in 2017 and are preparing to retire by 2020.

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7 Responses

  1. Jsaon Arkwell says:

    Punta Cana is the perfect place to retire, your dollar goes so much further than in many other countries. I went once last year and i have been planning my retirement there ever since! 🙂

  2. Henry says:

    Hi
    Great post!
    Tips are really helpful in order to choose a retirement home in Punta Cana. It has a great history. It is true that Punta Cana is a perfect place for retirement.

    Thanks, for sharing this valuable information with us.

  3. Kathy says:

    Hi. It’s August 2018 and I just found and read your blog, I am interested to know if you are still in Punta Cana or planning on going still? My husband and I want to retire early and move there. We have been going there and doing tons of research for the past 5 yrs on living in Punta Cana. Please let me know if you still feel the same about it and if not what has changed or what do you love about it. Thanks, Kathy

    • Hi Kathy –
      Thanks for reading our blog! I still feel that Punta Cana is a great place to retire. However, after staying there for a few weeks during our last vacation (in May of 2017), we decided that we’ll not retire to Punta Cana but will have long stays there after we retire. If the issues below don’t affect you then you’re choosing a great destination for early retirement.

      Something to think about as you go is how would you spend your time after drinking and going to the beach gets old. It doesn’t have to get old though. 🙂 What activities would you enjoy other than the beach?

      Here are the main reasons why we decided not to retire there:
      1. Lack of bike/walk trails.
      We love walking and can see us bike riding and walking in our neighborhoods more often once we retire. There are no bike trails in Punta Cana and walking around is a challenge with the limited sidewalks and the increasing motor bike traffic. Needless to say that there is a good amount of aggressive drivers. Having great restaurants and drinks is awesome but we like to see what options we have when we don’t want to drink and pay for entertainment. The only area that we saw where you can more freely walk is in Punta Cana Village but a house there starts around $300k and you don’t get much with that. Of course we can also do beach walks but how about those days when we don’t want to be in the sand?
      2. Lack of recycling.
      You need an extremely good filter system to drink Punta Cana water, otherwise you go through water bottles like crazy. The lack of, or very limited, recycling in the area drove us nuts because we hate throwing plastic in the trash. That was a big one for us.
      3. Real estate.
      We are considering buying a property but I think that to live in Punta Cana renting would make more sense for us. The DR has a strong economy and one of the strongest of Latin American countries but any stable 3rd world country could become unstable with any political corruption. After we thought about it, we decided that if we’re buying a home we want to have it in the U.S. which has a more stable economy and real estate market. So we’re making the U.S. our base and travel from there for long periods of time.
      4. Immigration.
      The DR still has a big illegal immigration issue and we saw a bigger influx of immigrants in Punta Cana last time we went. We picked up that petty crime seems to be on the rise with this newcomers after speaking with some locals.

      These are the main reasons why we will not retire to Punta Cana but these are issues that affect many Latin American countries so comparing it to the U.S. is not an apples to apples comparison. I love my native country and we’ll continue to return and hope to contribute my time in early retirement by tackling some of the issues where improvements can be made, like recycling.
      The Dominican people are great and I always need to come back for that hospitality!

      Good luck on your early retirement plans.

  4. Peter Montero says:

    I respect your position. However, recycling and petty crime are not enough reasons not to retire in Punta Cana, I have been living in Florida USA all my adult life and everyday the crime and the murders are on the rise. Burglaries and car thefts are still happening, our kids are getting shot at their schools. Talking about immigration in Florida, this is the capital of illegal immigration. People from all over the world live here where most fail to respect laws and are rude with no manners. Yes we recycle, but the quality of life is decreasing by the minute, from traffic jams to hit and runs, polluted beaches where all you find is dead dolphins and manatees all over. Drinking Water quality is also horrible because they add so much chlorine to the water that you may die from hardening of the arteries which is caused by excess chlorine in the water so we are forced to drink bottled water. Don’t get me wrong, the USA is the best country in the world and I am proud to be an American. However, you will never be able to retire in Florida unless your house is paid off and you are 67 years old on a $1400.00 SS check which will not leave you much room to pay only for utilities and supermarket food which is very expensive. Your article is very interesting but give me other reasons other than recycling petty theft and immigration which is rampant all over the world.

    • Hi Peter – thanks for your thoughtful comment which provides a very insightful view of life in Florida. I guess there’s no perfect place on Earth. Punta Cana is probably the best of the best when it comes to law and order in the DR. Having lived in the DR and as someone who frequents it and have family living there, gives me a different perspective of the entire country. What I like about the U.S. the most is that’s there definitely more law and order than in other Latin American countries such as my lovely native DR.
      Thanks to our diligence in saving for early retirement and to buy a house in cash the budget won’t be an issue. We’re planning to withdraw anywhere from $38,000-42,000 in early retirement and beyond. Obviously cost of living is not the same everywhere in Florida so we still have to be mindful and do our diligence on where we can retire to without breaking the budget.
      You do give us something to think about… Thanks again.

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