Skip to comments.5 Places to Retire On Social Security Alone
Posted on 06/19/2010 7:39:53 AM PDT by BenLurkin
The average Social Security check is about $1,200. You can receive that payment while living anywhere in the world. In some countries, you can even have your Social Security check direct-deposited into your local bank account. Here are five places where you could retire on your Social Security income alone.
Boquete, Panama. Panama offers super user-friendly options for foreign residency. Resident retirees receive a long list of benefits including discounts on everything from prescription medicines and in-country air travel to closing costs on the purchase of real estate.
Granada, Nicaragua. Granada is ... home to a welcoming community of expat retirees enjoying new lives in this land of lakes and volcanoes. You could live well in Granada on about $900 per month.
Hangzou, China. About $1,000 a month could buy you a comfortable and super-exotic new life in Hangzou.
Morelia, Mexico. You could retire on a budget of about $1,100 per month in this colonial city full of charm and history.
Cuenca, Ecuador. The average monthly Social Security check ($1,200) could also buy you a pleasant new life in Cuenca. The city has an established community of expats who will welcome you and help with your transition.
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Poland used to be very good, then they tossed out the commies and all the prices went up.
Wife and I researched this a few years ago when we were in search of a “Green-Label-Retirement”. Lots of S.American/Mexico areas are real nice but too unstable politically and corrupt governmentally. Medical care is hit and miss.
I suppose as long as you have a bug-out plan, you would be fine.
How about some nice places here in the US where you can manage to live on your social security check?
My wife and I have lived in Thailand since my retirement in 1994. Even with the latest problems, Thailand is hard to beat.
We have been in China for the last three years but one has to be pretty hardcore to really appreciate it. Thailand is the easiest country I have ever lived in. We will be moving back in two weeks. Social Security goes a long ways in both places.
Great homes, starting at $7,500.00 and up.....really...
She said NICE places.
Detroit. It’s paid from 0bama’s “stash.”
You'll have to make a pretty exotic commute.
I don’t see the Philippines on that list. Life is pretty inexpensive there too.
I figured my “retirement” will be as a missionary somewhere...my SS should be plenty to get by.
“I dont see the Philippines on that list. Life is pretty inexpensive there too.”
I can live here on $500 per month..That is for me and a girlfriend, and living on a beach.
San Miguel in Mexico has about 20,000 Americans living there.
I had heard that there were a lot of retired ex military types living there.
I met with an assited living facility in Costa Rica (part of a business trip) and they charge $1,100 per month. Very nice place on top of a mountain.
What kind of place can you get on the beach for less than $500/month?
“Poland used to be very good, then they tossed out the commies and all the prices went up.”
I lived in Slovakia for five plus years, until I moved to Philippines last year.
I had to work to live there.
I no longer work at anything but swimming and riding my bike.