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Old 07-19-2010, 10:55 PM
 
Location: San Antonio TX
127 posts, read 276,491 times
Reputation: 114

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It's possible to live in luxury on a pauper's budget -- if you're willing to leave the US. Here are 5 places a Social Security check will buy a lifestyle that's at least comfortable.
Liz Pulliam Weston: Retiring overseas can stretch dollars - MSN Money
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Old 07-19-2010, 11:12 PM
 
Location: SoCal desert
8,091 posts, read 15,363,648 times
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All of them hot, sticky, humid places.

Ick.

I'll stretch my dollars elsewhere!
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Old 07-20-2010, 12:18 AM
 
Location: Bike to Surf!
3,080 posts, read 11,031,403 times
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For USD 1,200 a month, I know a place I can live in luxury in Southern California.

Thailand and Malaysia are fun places to visit, but I'd have to think long and hard about retirement there.
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Old 07-20-2010, 06:33 AM
 
4,096 posts, read 11,422,704 times
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And in order to remain more than the standard tourist number of days, you have to have a retirement visa. In Thailand, you must earn and prove a minimum income and have a certain amount of money in the bank. Each country is different.
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Old 07-20-2010, 06:48 AM
 
9,855 posts, read 15,156,601 times
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Quote:
Originally Posted by sweetana3 View Post
And in order to remain more than the standard tourist number of days, you have to have a retirement visa. In Thailand, you must earn and prove a minimum income and have a certain amount of money in the bank. Each country is different.
You could also never own in Thailand. Not sure if anyone cares about this, but foreigners are not allowed to own property in Thailand...
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Old 07-20-2010, 07:39 AM
 
Location: Forests of Maine
37,229 posts, read 60,947,942 times
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I have had friends who own homes in the Philippines and who retired there on military pensions. They seem to like it.
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Old 07-20-2010, 07:44 AM
 
1,492 posts, read 7,694,151 times
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I remember a similar story years back....places like Mexico, Costa Rica, etc.

Now? Places are so expensive due to all the people going there. I saw House Hunters on HGTV and houses are going for mucho US dollars...crazy!
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Old 07-20-2010, 03:44 PM
 
Location: On a Farm & by the sea
1,140 posts, read 2,860,841 times
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Interesting thread...... I'm thinking that I'd miss the security and standard of living in the US. I'm thinking you could probably adjust your expectations and live in a nice mobile home in a rural part of SC, Arkansas, Mississippi, etc... and come out just as well. I'm sure for some folks the adventure is the main draw but if it is purely a choice based on economic factors, I think the are probably tradeoffs you could make to live just as economically here in the States, too.
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Old 07-20-2010, 04:28 PM
 
Location: Victoria TX
42,618 posts, read 86,592,874 times
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You can overcome the immigration difficulties if you choose a place close enough to the border that you can keep leaving the country and coming back in. Chiang Mai, Thailand, would be very bad for that, it's way too far from the border. There are much nicer places in Malaysia than Penang, which is a noisy, busy place. There are a couple of very affordable hill stations, where it gets cool enough at night that you need a blanket.

I never thought of Leon, Nicaragua, as a place anybody would want to go. I spent three months there, and its a very funky backwater, but nice enough in its own way. I could live in Leon, but most people probably couldn't. In Panama, there are nicer places in the highlands north of David, where the climate would be wonderul. Panama would be a very nice country to retire in. I never saw Cuenca, but Ecuador was a little bit disappointing to me, I expected better.

One thing that makes the US such an affordable place is access to used stuff. You can never buy used furniture or appliances in the third world. Everybody keeps everything, nothing gets discarded if there is any use at all left in it. Also, most of the third world has a severe housing shortage, and it can be very hard to find a place to live.

I live in the USA on $800 a month, for a medium-scale apartment, utilities, food, and there is public transport. If you live for $1,200 a month in any of the listed places, it will not include a car.

Last edited by jtur88; 07-20-2010 at 04:37 PM..
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Old 07-20-2010, 05:16 PM
 
9,846 posts, read 22,584,520 times
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I think you can live on $1200 a month if you live like the locals do, but few are prepared to do that.
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