Tag: cheap country to retire

Cheap Countries To Retire – Argentina

One of the more commonly mentioned places when people talk about a cheap country to retire to is Argentina. It has a lot of the features that many people are looking for. You get the nice weather and the lower cost of living, as well as a pretty cosmopolitan lifestyle if you live in Buenos Aires. There are also lots of Europeans living in the country.

Diagonal Norte StImage via Wikipedia

In Argentina, it is preferrable to purchase real estate rather than renting as their is a greater cost savings. There aren’t a lot of rental properties available, though you can find both furnished and unfurnished rentals, especially if you go a bit outside the city.

If you wish to supplement your retirement income with a job, there are many opportunities even though the unemployment is relatively high right now. Working for one of the many American companies, English language teaching, and tourist industry jobs are all things to consider.

Although Argentina is a cheap place to retire to, this doesn’t mean that you won’t be able to live in the style that you are accustomed to, or better. Pretty much all of the products you would purchase at home will also be available to you in the major cities, so you don’t have to worry about bringing things with you like you would in some of the options for a cheap country to retire to.

You should be able to live in Argentina easily with an income of $1,000 per month. This is comparable to the salary that a doctor makes in Argentina. If you live outside Buenos Aires your money will go further. However, you should expect to have a standard of living similar to that which is common in Europe. If you have at least this level of income you will also be able to get a residency visa for Argentina so you won’t have to worry about renewing your visa as often as you might otherwise.

Ecuador – A Cheap Country To Retire In The World

One option for a cheap country to retire to that many Americans don’t necessarily think of is Ecuador. However, they really should as there is a lot to recommend it. Not only is it inexpensive to live there, with a couple being able to live in a rented apartment with a full time maid for less than $1,000 a month, but it has a great climate as well.

Sailor, Isla Puna, EcuadorImage by Rinaldo W. via Flickr

As Ecuador is located on the equator, the climate is very nice. You can live down by the beach at the lower altitudes and have mainly 80 degree days, or you can live in Quito up in the mountains and have 60 degree days. There is a fair amount of rain for about four months of the year, but this is usually in the afternoons. The altitude will take some getting used to as well. This is a very bio-diverse country, so nature lovers will really enjoy their time here.

Those who like a more cosmopolitan big city environment will definitely want to be in Quito. The infrastructure in the country works well, and, best of all for people that don’t want to be constantly thinking of exchange rates, they use the dollar as their currency. In Quito there is public transportation, shopping, restaurants, and museums to keep you occupied. They are also very welcoming of Americans. You will have to pay a fee of $350 for the visa, however. If you are in one of the larger cities you will have access to well equipped hospitals that have qualified doctors, many of whom have trained in the United States.

Health care is even less expensive than in Mexico. You also don’t have to worry about not having the luxuries you’ve been used to. You can get U.S. cable stations for less per month than you pay back home.

The economy and the government are stable in Ecuador, and the level of crime is said to be less than that in the United States, which is great when it comes to a cheap country to retire to. You know you are likely to be safe, and you don’t have to worry much about investments you might make in property and belongings. There are also a fair number of people who speak English.

Mexico – A Cheap Country To Retire

One cheap country to retire to that many Americans are already somewhat familiar with is Mexico. That is because it is our neighbor to the south. Many people have gone there on vacation. That makes it one of the better known options.

One of the reasons why Mexico is a popular place for Americans who want to stretch their retirement income to move during retirement is the fact that it is so close to the U.S. It is easy for them to go and visit family and friends from time to time.

Chichen Itza Image via Wikipedia

Mexico also has a varied climate, so that you can choose the city where you live based on the type of climate you prefer. You can live somewhere that is warmer, or somewhere that is a bit more temperate depending on your preferences. You can live near mountains or the beach, or in a valley, it is all up to you.

Obviously, the fact that it is a cheap place to retire to and expenses will be a lot less there is another factor people consider. Health care is decent and insurance only costs a fraction of what you would pay in the U.S. Everything else you purchase is also likely to cost less. This includes the cost of property, making it so that it isn’t impossible to own a nice house of your own in retirement. These cost savings make it possible to have a maid and a house on a very low budget, which wouldn’t be possible in the U.S. The exchange rate is also very favorable toward the dollar.

The transport system makes it so that it is easy to travel around the country and from Mexico to other countries. This means you can see all the famous sites in Mexico as well as visit other countries in Latin America.

Because of the nearness to the United States, you can also find many of the products that you are familiar with easily in the local stores. You can also find people who speak and understand English, although they do appreciate it if you make an effort to learn Spanish.

Morocco – A Cheap Place To Retire To

Some people consider Morocco to be a good cheap country to retire to. Many people speak French and/or English, and there are a lot of tourists so you can get many of the things you are used to as a Westerner. The weather can be quite nice, and varies throughout the country so you can choose an area with weather that suits you, whether it is more in the mountains so that you have a real winter, or further south where the weather stays warmer.

Fishing. Bin el Ouidane lake (Azilal, High Atl...Image via Wikipedia

One thing to consider if you decide to use Morocco as your cheap place to retire to is medical care. Many of the small towns and rural area do not have much in the way of health care, so you should stick close to the major cities. Living in the cities themselves you will have to deal with more crowding and pollution, as well as more tourists, so you have to balance that against the nearness of a good hospital in case something should go wrong. You also want to make sure to have good health insurance.

Because of the fact that Morocco is so close to Europe it is very accessible. For this reason you will meet many people from all over Europe if you decide to live there. This also means that many Western goods are very easy to acquire and readily available, especially in the cities.

The cost of living is low in Morocco as well. Since you can easily live on about $300 per month, it is definitely a cheap country to retire to. You can find unfurnished apartments for only about $40 per month. Food and clothing are also very inexpensive. This means that your retirement dollars can really be stretched. Keep in mind that if you live in a very rural area you won’t have as much to do. You don’t want to be stuck with just the TV to keep you occupied. This isn’t as much of a problem if you like hiking and don’t need all sorts of stores and scheduled activities.

There are also lots of wonderful scenic and historic places that you can visit. You won’t need to just stay in the town where you are living all the time. If you should want a break from Morocco it is simple and inexpensive to travel to many companies of Europe for a short visit.

Cheap Countries To Retire Around The World – Nepal

Those who want to find a cheap country to retire to have a wide variety of options. Many countries are less expensive than the US to live in, so you just have to choose which one suits you best. There are pros and cons to all of the different countries you could choose. One option worth considering for those who don’t need to have a lavish lifestyle is Nepal.

In Nepal, you can live in the capital, Kathmandu, for about $200 per person per month if you want to budget your money, or be very comfortable on about $500 per month. This is very inexpensive. People tend to eat rice, lentils, beans, and fruits and vegetables a lot. This is a poor country, so you won’t find all of the amenities you might be used to. There is no sewage treatment available, and water is usually pumped from large collection wells.

You will probably want to buy some type of imported heater to keep your home warm during the colder months. If you want more than one phone line you will have to be on a many years long waiting list or pay a large bribe to get to the head of the list. There aren’t a huge number of expats, many of those who are there work on the foreign aid projects that are being constructed.

As for the weather, Kathmandu is at a relatively high elevation. This means it isn’t one of the places where it is always warm. It doesn’t usually reach freezing often, however, and you also will be kept plenty cool by a fan for the most part during the summer. The weather is a bit more temperate. However, there is a monsoon season of about a month, and winter does get a bit cold.

There are a number of restaurants and other businesses in Kathmandu that now cater to Westerners, and you will want to use these for the most part since they have similar ideas about cleanliness and food, for example.

Although there is some civil strife in Nepal, and the government is continually changing, this doesn’t really affect the daily life in this country much, especially for tourists and expats. The main problems that occur are the transportation strikes that are common.

Indonesia – A Cheap Country To Retire To

Many people would like to make their retirement dollars stretch a bit further by finding a cheap country to retire to. There are all sorts of options available, depending on your requirements. One of these is Indonesia.

Istiqlal Mosque, Jakarta, IndonesiaImage via Wikipedia

It is possible to retire to Indonesia, and to eventually get a retirement visa, providing that you meet the minimum qualifications. You need to have an income of at least $1,500 per month, you need to hire an Indonesian maid, you need to either purchase or rent a home of a certain value, depending on where you stay, and you need to have health, death, and personal liability insurance. You cannot work while on these visas. You also must be at least 55 years old.

As foreigners cannot own land in Indonesia, it is not really possible to purchase a home, although legally they are allowed to purchase a home. It is probably better to rent until all the legal issues get straightened out.

If you are in Indonesia for more than 183 days a year you need to pay income tax of 35 percent for incomes over $20,000. This is true even if you are not working in Indonesia. This will cut into your retirement funds a bit.

There is medical care available in Indonesia, though it is not necessarily up to the standards that you are used to. You can get your basic care through one of the group practice medical groups that are available, but more specialized care usually requires a trip to the referral hospitals in Singapore or Australia.

While the weather is generally warm in Indonesia, keep in mind that they do have monsoon season there. It will be very rainy, and you will need to make sure to take precautions so that your home is protected from the rain.

However, Indonesia is a cheap place to retire to. You will be expected to have a maid, as most people do, so you won’t have to worry about cleaning or cooking. You will probably want to live in one of the larger cities so that you will have more of the amenities you are used to, even though they aren’t as picturesque as some of the more rural locations.

Honduras – A Cheap Country To Retire Around The World

Those who would like to find a cheap country to retire to should definitely check out Honduras. Not only is it only a two hour flight from the US, so that visiting friends and relatives will be easy, but it is also a lot less expensive to live there.

Imagen de Puerto CortésImage via Wikipedia

One good thing about Honduras as a cheap place to retire to is the fact that they allow foreigners to buy property. This means you can buy yourself a nice home and not have to rent like you would in some of the other inexpensive places where you could retire. Once you have your home, you will be able to afford to have a maid so that you don’t have to deal with the cooking and cleaning, as it doesn’t cost much to hire someone for this.

Honduras also has laws that help to protect the environment, so that there won’t be any large developments or high rises that will destroy the view, and the rain forest will be there for everyone to enjoy. It has the warm weather that many retirees prefer also.

As we age, we tend to have more medical problems, so most retirees would like to live somewhere that has good health care. Honduras has a number of high quality hospitals that are staffed with doctors that were mostly trained in the US, so you don’t have to worry about not getting good health care in this country.

The infrastructure is also pretty good. They have a stretch of the Pan-American Highway. You can also get good phone service, with the option of land lines, cell phones, VOIP, and satellite phones. They even have satellite, DSL, and dial-up internet connections so you can easily keep in touch with your friends and family and with what is going on in the world. The banking system is also stable, and many banks have connections to banks in the U.S. so it is easy to get wire transfers should you need to.

There are all sorts of opportunities for things to do in Honduras, so you don’t have to worry about being bored during if you choose this cheap country to retire to. There are all sorts of outdoor activities you can participate in to stay active, as well as many cultural opportunities.

Laos – A Cheap Country To Retire

When it comes to finding a cheap country to retire you, you might want to consider some of the many options in Asia. These countries are typically relatively inexpensive to live in, and they feature the warm weather that many people prefer throughout the year. One of the countries that many are considering these days is Laos.

the view of Laos from Nong KhaiImage by permanently scatterbrained via Flickr

One of the benefits of choosing Laos as a cheap country to retire to is the fact that it is so inexpensive. You can rent a home starting at around $100 per month, and cover all your expenses with a few hundred dollars a month if you need to. Unfortunately, foreigners are not allowed to own property, even if they are married to a citizen of Laos.

Most foreigners who retire in Laos do so in the capital city of Vientiane. This is a good option for those who prefer the simple life since there aren’t a lot of amenities available, or a lot of imported products. There also aren’t any good medical facilities. However, those who want access to these things can cross the border into Thailand, where the nearby city of Nongkhai can meet these needs. Crossing the border can be done easily with the purchase of a tourist visa that lasts one month.

Foreigners have a number of different options when it comes to visas. If you want to retire permanently to Laos you can get an immigrant visa, but then you will need to apply for exit permits whenever you leave. Other options include long term business visas, which require the help of a company that can employ you as a consultant, or tourist visas each month (which will quickly fill up your passport).

There aren’t a lot of options for entertainment in Laos, although there is a movie theater, bowling alleys, shops and restaurants. The main foreigners are those expats that are employed by NGOs and those employed by embassies and development projects. It would be wise to cultivate some local friendships with citizens of Laos.

You will also need to keep in mind that people tend to be very conservative, and make note of the cultural differences that exist so that you don’t offend people. It is illegal for a foreign man to cohabit with a Lao lady that he is not married to, so relationships with local women need to be handled very carefully.

You can explore more about what makes Laos a cheap place to retire around the world.

Why Is India A Cheap Country To Retire To?

These days people are finding that their retirement dollars do not necessarily go very far in the United States, so they are looking for a cheap country to retire to where they will be able to get more for their money. One option for a cheap country to retire to is India.

Tourism in IndiaImage via Wikipedia

One of the drawbacks to retiring in India is the fact that they don’t have dual citizenship or a visa that can be used to retire full time to the country. You would only be able to stay six months at a time. This is great for people who want to spend part of the year in the US, and the rest of the time in a cheap country to retire to though. Non resident Indians can apply for Overseas Citizenship of India so that they can retire to India permanently, however.

However, overall India is a cheap place and country to retire to. Once you get to India the cost of living is very low. There is also good medical care that isn’t expensive, as evidenced by the number of people who go to India for medical tourism. There are good communication and housing facilities as well, especially if you decide to retire in one of the major cities.

You will have better access to services in these cities, although you will also have to deal with larger populations, which means more crowding and traffic. In general, the weather is nice and warm in India, and there are lots of places you can retire to that are near beaches if this is a requirement for you. There are even retirement homes being opened in India these days, though they are not very common yet.

Most people in India have no problems with foreigners, but it is best if you make an effort to understand the culture (and a bit of the language as well) and to fit in. If you are going to spend a lot of time here it is worth the effort. There are a lot of foreign expats so you will be able to find places that cater to those from the US, and people from your own country to socialize with from time to time. Many people also understand and speak English, especially in the larger cities.

The Benefits of Living in Venezuela – A Cheap Country to Retire

There are many people who would like to move to another country upon retirement, but selecting the best place to live is often a difficult choice.  While you may be able to locate several places that offer the same standard of living at a much cheaper rate, there may be other factors that weigh heavily on your decision.  You will want to take a look at the cost of living within the country as well as the weather conditions, prior to deciding to move upon retirement.  Although there are many choices, one of the top places to move is Venezuela, a cheap country to retire.

Puerto Cruz beach in Isla MargaritaImage via Wikipedia

When taking a look at the overall cost of living within the country of Venezuela, it is found that it is about 50% of the cost of living in the New York City area.  Many factors go into this cost, including the price of food, the cost of housing, and transportation.  While the price of food and the selection within the supermarkets are about the same as within the United States, the cost of housing is about 60% less than it is in New York City.  Transportation is generally much less expensive as the cost of a liter of fuel remains at $0.12 in this oil-rich country.  Although the price of a car is often much more expensive than it is in the United States, the minimal amount of required insurance is often very cheap.

Venezuela is often considered a cheap place to retire because it is a poor country with the average monthly salary being at $800.  Many Americans who have moved to this country have found that they can make a substantial amount of income by owning their own business.  The taxes on the income for non-residents, however, is very high at a flat rate of 34%.  Health care may also be a factor in the consideration of retiring to Venezuela.  There are many private hospitals and doctors that are reasonably priced, but it is best to stay away from the public hospitals that are considered to be unacceptable by most foreigners.

Many of those who are considering Venezuela are enticed by the excellent weather conditions.  Within Margarita Island, the most popular region of Venezuela, the temperature does not stray far from 80 degrees year round.  With little precipitation and low humidity, the country is far enough away from the hurricane zone to make it an enjoyable place to live.  Since Americans are welcomed by both the government and many of the people because of the economic improvements they often bring along, this can be an excellent place to live upon retirement.