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Except for Costa Rica (which isn't that cheap), Central America is too dicey for my tastes. I think there's some decent areas of Mexico which would be acceptable to retire. I personally prefer Peru and Chile having worked in Peru for over a year...yes you can live cheap and pretty nice in Peru. Chile is a little more expensive but still not bad and you can enjoy a nice lifestyle there.
I've worked most of the last 15 years in a variety of countries (now in Kuwait) and if I were single, I would seriously consider experiencing at least a few years in other countries. Wife has been to some of my assignments but just wants to stay close to our kids and grandkids in Seattle....I retire in 5 weeks and trying to talk the wife into maybe just spending our winter in Suda America either Peru or Chile for the adventure, better climate and improve our Spanish abilities.
Everybody should watch his videos, if yu're an expat retired on SS , they are tailored for you! e clever guy that hobotraveler, but boy does he lives on the cheap! (and I 'm no wealthy person either and rather stingy, but still..)
Thanks. It was very interesting. I find it a shame that retired ppl without a lot of money feel the need to move to a different country to be able to live on the money they have. Too bad the US doesn't take care of it's own.
USC has published a study recently that USA ranks number 3 in retirement. Only behind Norway and Sweden, despite income inequality. And those 2 are small countries. I'll see if I can find the link.
Thanks. It was very interesting. I find it a shame that retired ppl without a lot of money feel the need to move to a different country to be able to live on the money they have. Too bad the US doesn't take care of it's own.
We have been smart, blessed and lucky in life. We can afford to live anywhere in the US,including Hawaii and CA. We CHOOSE to live in Mexico. Most expats I know are probably in the upper 10% of wealth in the US.
It's more about wanting an adventure, wanting to live in a non-US culture, wanting a better climate. The fact that it is less expense is gravy.
Climate wise you want to stay in the intertropic zone between Arequippa,Peru and Nicaragua. Personally, I would go no further north than Panama. Here in Lima it is the dead of winter and the low will be 59 degrees and high 66. In the height of Summer the high might be 84 degrees. With less than 1 inch of rain a year, you never have to worry about your picnic, although they still might pee on your parade!
Having lived most of my adult life in a tropical country, and was able to retire there since I owned homes in both countries, splitting the time between the US and that country, I decided the US had so much more to offer a retiree. I guess when one has first-hand experience about life in a particular country, it's limitations with healthcare, safety etc, it does help to make a more informed decision. I am fortunate to also know the Latin American and Caribbean region, am bilingual and culturally proficient to be at home in many cultures and countries. For me, the US meets most of my checks on a list of COL, safety, developed societal infrastructure, climatic variations, etc. So, it works for me. We all have to find what works for each of us!
We have been smart, blessed and lucky in life. We can afford to live anywhere in the US,including Hawaii and CA. We CHOOSE to live in Mexico. Most expats I know are probably in the upper 10% of wealth in the US.
It's more about wanting an adventure, wanting to live in a non-US culture, wanting a better climate. The fact that it is less expense is gravy.
It's an adventure alright. We vacationed there in Cancun in the early 90s and have not been back since.
Just post this link that I saw on CNBC today. It's not even a safe place for tourists.
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he is funny but what a cheapo!
