Monday, March 12, 2012

Retiring in Ecuador

What? You've not heard of Cuenca?  Cuenca, Ecuador is home to over 5,000 American retirees and is growing rapidly.



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Cuenca photo via Wikimedia Commons
If you are over 65 and want a place to retire, Ecuador merely requires you to have an $800 a month income. Can you live in the US on $800 a month?

If you can't get out of the US before you retire, you can get out after. Heck, depending on where you live, you can have an apartment in Ecuador for only $150 to $200 a month. Medical care is cheap (which is good for Americans since the US won't allow Americans abroad claim Medicare even though they're required to pay for it).

Every time I look, it appears that Central and South America are really fantastic opportunities for Americans wanting to stretch their income but who can't get to Europe.

There's a lovely blog, watsontravels, of a couple of traveled to Cuenca, fell in love with it and retired there. However, they travel the world and do a good job of providing interesting perspective.