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Title: Time to retire outside the US? Study finds you can live abroad for just $30,000 a year - and here is where you can live on a budget and in comfort
Source: [None]
URL Source: http://www.dailymail.co.uk/news/art ... st-cities-retire-30K-year.html
Published: Jul 9, 2018
Author: Megan Sheets For Dailymail.com
Post Date: 2018-07-09 08:01:01 by Ada
Keywords: None
Views: 251
Comments: 55

A study by International Living identified five places for people to retire on just $30,000 per year

The outlet named, in order, Mafra, Portugal; Cuenca, Ecuador; Central Valley, Costa Rica; Pedasí, Panama; and Phnom Penh, Cambodia

Each city is estimated to cost a single person between $1,150 - $840 per month

A new study has ranked the five best cities to retire in on only $30,000 per year - and none of them are in the US.

Planning for retirement has long been known as a complicated and frustrating endeavor fraught with uncertainty, especially given that the average monthly social security check is only $1,404.

According to the Social Security Administration, more than 40 percent of single adults receive more than 90 percent of their income from that monthly social security check.

A study by International Living has identified the five best places in the world where that check will go far enough to live comfortably.

Click for Full Text!

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#13. To: Ada (#0)

Cuenca, Ecuador;

International Living has been pushing Cuenca as a great retirement place here for the past 15-20+ years and as a result, it's got probably the highest % of retired gringos living there. Not a bad choice but not the best, in my view. IL is a for profit enterprise and their info is financially biased.

Pinguinite  posted on  2018-07-09   12:57:16 ET  Reply   Untrace   Trace   Private Reply  

IL is despicable. In an issue of their mag that I took for a year, they even answered without answering the big question -- how can they sleep at night knowing they're destroying all the last unspoiled havens on earth.

I'm glad you're happy in Ecuador and enjoy such great weather. My friends aren't, really -- their latest video shows them exploring Panama

www.youtube.com/chan nel/UCZI45vk86NJFK8FMR9BRYeQ

Dr. John hates it

escapeamericanow.info/ecuador-is-not-a-good-expat-destination/

NeoconsNailed  posted on  2018-07-09   13:07:21 ET  Reply   Untrace   Trace   Private Reply  

Interesting comments. I didn't read the entire bit by "Dr John", but he apparently based his comments on a 2 week stint in Ecuador, and also from talking with lawyers. The top comment I saw afterwards by a 4-year resident pretty much sums up my response. This guy obviously has almost no first hand experience with Ecuador, and IMO can't speak authoritatively on it. But I can.

Ecuador indeed has, to a large degree Marxist sentiment. I absolutely do have my criticisms of Ecuador and that is one of them. But *why* does it have that? In fact I believe much of Latin America does that sentiment.

The reason, IMO, is because there is not much in the way of a middle class here. There is no industrial sector here providing quality jobs for a substantial segment of the population. There never has been. The USA was the first country in the world to have an industrial revolution and the benefits of that are still present today. A second problem: Ecuadorians are terrible business people. They have no clue. And naturally these clueless people end up in government making laws that they stupidly think will help workers, which instead dissuade business people from hiring.

Both of those issues are serious problems here, and when anyone thinks long enough about how they don't have what they want to have, what other well-to-do people have, naturally, they'll find a ring of truth with Marxist sentiments, and that will take root socially. When you understand that, you gain an insight into how & why people think they way they do, which makes it easier to deal with on a personal level.

There's also a lack of trust. You cannot trust Ecuadorians as you can trust most gringos. This also makes it harder for small businesses to run. Many small business are truly "family" businesses that don't have employees that are unrelated to the family. This is an ethics issue and is certainly a drawback for living here.

On the other hand, if you have even an average US income, you can live very nicely in Ecuador, in the upper class. You can have a nice home, nice car, and most all the conveniences of luxury US living if that's what you want.

In my opinion, every country has some advantage over every other country. No place is perfect, so on a great many metrics, the US has disadvantages that can be beat elsewhere. In Ecuador, food is abundant and there is little, if any, industrial food production operations. Food here is farmed the old fashioned way, much of it in the Andes mountains where heavy equipment won't work too well. GMO foods, to my knowledge, don't exist here, which is a BIG big plus.

As I mentioned, cops are cool, ordinary people. They won't gun you down for pulling out a cell phone.

Another refreshing thing is knowing that any taxes you pay don't get spent on bombing Pakistani wedding parties or Syrian air fields, or funding Israel's ambitions. All taxes to Ecuador stay in Ecuador, which is just a really refreshing sentiment. Granted, yes, there is corruption and some of that tax money is taken accordingly. But again, no place is perfect.

Back to "Dr. John", if you are looking for ideal political structures as he seemed to be focused on, Ecuador probably isn't for you, though in practice, I would say Ecuador is more libertarian than the USA is, in spite of the Marxist sentiment in society.

Pinguinite  posted on  2018-07-09   14:19:40 ET  Reply   Untrace   Trace   Private Reply  

Another refreshing thing is knowing that any taxes you pay don't get spent on bombing Pakistani wedding parties or Syrian air fields, or funding Israel's ambitions.

There is one thing I think our Congresscritters need here in the U.S. They need to be sent a copy of Crockett's Sockdolager. This is a tale of how a house burned down in D.C. And Congress rushed to pass a bill as relief for a woman who live there and was a widow with children.

Davey Crockett was a Congressman at the time and he voted for the bill. He was back in his district and riding along a road in a far reaches of his district in a very rural area. There was a farmer plowing his fields. And he timed his gait so they would meet at the fence.

He was surprised the farmer knew who he was and he admonished him for voting to give money to a widow who did not deserve it.

SOCKDOLAGER—A Tale of Davy Crockett, Charity and Congress

BTP Holdings  posted on  2018-07-09   16:49:07 ET  Reply   Untrace   Trace   Private Reply  

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