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Old 04-16-2016, 03:15 PM
 
Location: Atlantis
3,019 posts, read 3,119,826 times
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Until anyone over the age of 65 realizes that Medicaid will not pay for their medical care in a foreign country.
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Old 04-16-2016, 11:23 PM
 
11,686 posts, read 13,074,643 times
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Quote:
Originally Posted by Skydive Outlaw View Post
Until anyone over the age of 65 realizes that Medicaid will not pay for their medical care in a foreign country.
And neither will Medicare. So, you take the money you would have had to use for supplementary insurance in any case, and put it toward a private insurance policy. If you can't afford to do that, you don't leave the U.S.
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Old 04-16-2016, 11:25 PM
 
11,686 posts, read 13,074,643 times
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Originally Posted by rruff View Post
Can you tell us more about living in Portugal? Adjustment, COL, what you like and dislike the most vs the US?
I will answer you by message. I don't think that my answer, which is specific to one country belongs in this thread.
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Old 04-16-2016, 11:36 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,731,643 times
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Quote:
Originally Posted by kevxu View Post
I will answer you by message. I don't think that my answer, which is specific to one country belongs in this thread.
If you go back and read the original post, that is exactly the kind of info the OP was looking for.
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Old 04-17-2016, 04:32 AM
 
72 posts, read 72,464 times
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I understand that in places in Latin America retired Americans who move down there can buy a full health insurance policy for about $150 with no deductibles or co-payments. A real savings for people who retire before age 65.
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Old 04-17-2016, 04:38 AM
 
Location: Prepperland
13,116 posts, read 9,199,435 times
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I have friends who retired to central and south America. However, if ever their retirement entitlements were cut off, they'd be in dire straits.
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Old 04-17-2016, 07:45 AM
 
Location: Ohio
115 posts, read 85,167 times
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It's definitely less expensive to live in a 3rd world country. Have you ever traveled? Most things are cheaper. Especially right now as the USD is stronger. You can live in these countries comfortably for as little as $750-$1000 a month. In fact, that is the average wage in most of them. Most of your savings will come from cheaper housing. Rents of under <$250 a month are common and in many cases you can find (basic) housing for less than $100 a month.

Last edited by zie92mg9z; 04-17-2016 at 08:40 AM..
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Old 04-17-2016, 09:52 AM
 
Location: Ruidoso, NM
5,170 posts, read 4,731,643 times
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Quote:
Originally Posted by zie92mg9z View Post
You can live in these countries comfortably for as little as $750-$1000 a month. In fact, that is the average wage in most of them.
You can live comfortably in the US on that amount, too.

I just got done looking at RE listings around Cuenco, Ecuador. And I do mean "around", no where near the city or even a large town. Land to build a house is ~$50k/acre+, and the houses are $300k+. Maybe they only post expensive ones online?
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Old 04-18-2016, 01:28 PM
 
Location: Ohio
1,217 posts, read 2,248,189 times
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There are ex-patriates from all nations in all countries, US has many from UK as does France.
The big issue you need to watch out for is the exchange rate, it may not be permanent that the US dollar is strong (although I'd never bet against Uncle Sam).

A lot of UK and Canadian people found this out when the US dollar took off and their pension (in their own countries denominations) sunk. Then there's an exchange fee to knock off another couple of percent. It could happen to US dollar too.

Now is a good time to buy property in Greece or Canada. US dollar is worth 25% or more in Canada but they have higher sales taxes and you'll have to come back to US for medical procedures since there is a waiting line for elective surgery there. Elective surgery may mean you are in pain but not likely to die (hips, shoulder).

Florida is a fantastic state to retire to. We learned over 10 years ago that you get the same great winter weather that the millionaires get as long as you live a few miles inland. Summers aren't that bad either, look at the summer temps and compare them to your current residences summer temps (unless you live in the mountains or beachfront haha).

i love the US and we have traveled and seen so many beautiful places. Can't give that up unless no other choice.
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Old 04-18-2016, 01:43 PM
 
374 posts, read 387,496 times
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Quote:
Originally Posted by rruff View Post
If you go back and read the original post, that is exactly the kind of info the OP was looking for.
I would love to know as well, so thanks for asking. Hope they answer here.
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