The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Where to retire cheap||Date: 10/7/2012 1:40 PM|
|Author: fleg9bo||Number: 647531 of 766996|
Forget Panama -- too hot. How about Cuenca, Ecuador?
When considering the world's best options for where to retire well on a very limited retirement budget, two cities jump out immediately: Cuenca, Ecuador, and Granada, Nicaragua. [No! Granada is too hot!]
Both Cuenca and Granada are beautiful and authentic Spanish colonial cities, founded in the 1500s. In both cases the cost of living is about as low as you'll find anywhere. You can get by frugally on much less than $1,200 per month. In fact, it's possible to live in both of these interesting cities on a budget of as little as $800 or $900 per month. For a more comfortable lifestyle by North American standards, estimate around $1,500 a month or so... living in either Nicaragua or Ecuador, you'd also enjoy low levels of government intrusion, low taxes, and few rules and regulations.
Both Cuenca and Granada are home to sizeable, thriving expat communities of North Americans. And residency is easy to establish in both countries, with low income and investment requirements.
Cuenca has the edge for big city amenities including theater, nightlife, and restaurants. It also has a new, upscale shopping mall and many options for modern health care facilities... Cuenca is located high in the Andes, at 8,200 feet above sea level. Thanks to its elevation, it offers spring-like weather year-round, with highs rarely above the mid-70s [Yes!] and little seasonal variation.
So, wolvie, what are you waiting for?
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|