Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

5 Places to Retire On Social Security Alone
yahoo ^ | Friday, June 18, 2010 | Kathleen Peddicord

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.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Humor
KEYWORDS: costofliving; expats; holdontourmoney; income; leavegoodoleusa; retire; retirement; senior; seniorcitizens; seniors; socialsecurity
Navigation: use the links below to view more comments.
first 1-5051-100101-143 next last

1 posted on 06/19/2010 7:39:53 AM PDT by BenLurkin
[ Post Reply | Private Reply | View Replies]

To: BenLurkin

Poland used to be very good, then they tossed out the commies and all the prices went up.


2 posted on 06/19/2010 7:43:49 AM PDT by muawiyah
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

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.


3 posted on 06/19/2010 7:44:21 AM PDT by Pavegunner72
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

How about some nice places here in the US where you can manage to live on your social security check?


4 posted on 06/19/2010 7:44:39 AM PDT by McGavin999 (I'm sorry, your race card is overdrawn and no further charges can be accepted)
[ Post Reply | Private Reply | To 1 | View Replies]

To: McGavin999

prison


5 posted on 06/19/2010 7:47:26 AM PDT by beebuster2000
[ Post Reply | Private Reply | To 4 | View Replies]

To: McGavin999

... Detriot?


6 posted on 06/19/2010 7:48:06 AM PDT by Ken522
[ Post Reply | Private Reply | To 4 | View Replies]

To: BenLurkin

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.


7 posted on 06/19/2010 7:49:03 AM PDT by inthaihill (Teaching and loving my Chinese students in Sichuan, China)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ken522

Great homes, starting at $7,500.00 and up.....really...


8 posted on 06/19/2010 7:50:03 AM PDT by choctaw man (Good ole Andrew Jackson, or You're the Reason God Made Oklahoma...)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Ken522

She said NICE places.


9 posted on 06/19/2010 7:50:16 AM PDT by anniegetyourgun
[ Post Reply | Private Reply | To 6 | View Replies]

To: McGavin999

Detroit. It’s paid from 0bama’s “stash.”


10 posted on 06/19/2010 7:50:16 AM PDT by oh8eleven (RVN '67-'68)
[ Post Reply | Private Reply | To 4 | View Replies]

To: McGavin999
How about some nice places here in the US where you can manage to live on your social security check?

You'll have to make a pretty exotic commute.

11 posted on 06/19/2010 7:51:07 AM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: BenLurkin

I don’t see the Philippines on that list. Life is pretty inexpensive there too.


12 posted on 06/19/2010 7:53:20 AM PDT by SeeSharp
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

Club Fed!


13 posted on 06/19/2010 7:53:51 AM PDT by US_MilitaryRules (Where is our military?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

I figured my “retirement” will be as a missionary somewhere...my SS should be plenty to get by.


14 posted on 06/19/2010 7:59:41 AM PDT by highlander_UW (Education is too important to leave in the hands of the government.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeeSharp

“I don’t 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.


15 posted on 06/19/2010 8:00:48 AM PDT by AlexW
[ Post Reply | Private Reply | To 12 | View Replies]

To: BenLurkin

San Miguel in Mexico has about 20,000 Americans living there.

Cool place.


16 posted on 06/19/2010 8:01:38 AM PDT by Mikey_1962 (Obama: The Affirmative Action President)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AlexW
I can live here on $500 per month.

I had heard that there were a lot of retired ex military types living there.

17 posted on 06/19/2010 8:04:28 AM PDT by SeeSharp
[ Post Reply | Private Reply | To 15 | View Replies]

To: BenLurkin

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.


18 posted on 06/19/2010 8:05:05 AM PDT by hometoroost (Proverbs 8:36 - All those who hate me love death.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AlexW

What kind of place can you get on the beach for less than $500/month?


19 posted on 06/19/2010 8:05:50 AM PDT by Yardstick
[ Post Reply | Private Reply | To 15 | View Replies]

To: muawiyah

“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.


20 posted on 06/19/2010 8:06:20 AM PDT by AlexW
[ Post Reply | Private Reply | To 2 | View Replies]

To: BenLurkin

Bookmarked for later.
Interesting.


21 posted on 06/19/2010 8:06:33 AM PDT by MaryFromMichigan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mikey_1962

But how is it in relation to the problems Mexico is having with drugs and violence?


22 posted on 06/19/2010 8:07:32 AM PDT by MissEdie (America went to the polls on 11-4-08 and all we got was a socialist thug and a dottering old fool.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: anniegetyourgun

My brother has to go to Detroit for the next month and is dreading it...was there for a month last summer. He and co-workers don’t venture too far from their hotel.


23 posted on 06/19/2010 8:10:43 AM PDT by lonestar (Barry is furious the big spill wasn't caused by EXXON...would have nationalized it by now.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Yardstick

“What kind of place can you get on the beach for less than $500/month?”

I do not pay $500.. I pay less then $100 for rent.
That is a two room cottage with a kitchen nook (microwave, fridge, toaster, and two burners)
Bedroom with TV and A/C.
Western style bath, all tile.....All furnished.
My DSL adds $20 and electric at about $40
I do not have or need a car.


24 posted on 06/19/2010 8:12:13 AM PDT by AlexW
[ Post Reply | Private Reply | To 19 | View Replies]

To: McGavin999

My kids basement if i had kids


25 posted on 06/19/2010 8:14:10 AM PDT by al baby (Hi Mom sarc ;))
[ Post Reply | Private Reply | To 4 | View Replies]

To: inthaihill

What part of Thailand do you live in. I agree of all the places I have been in the world Thailand would appear to be one of the easier to live in for an American.


26 posted on 06/19/2010 8:15:30 AM PDT by RVN Airplane Driver ("To be born into freedom is an accident; to die in freedom is an obligation..)
[ Post Reply | Private Reply | To 7 | View Replies]

To: AlexW

Man, what an incredible deal. Is it a standalone house or an apartment of some kind? Is it literally right on the beach?


27 posted on 06/19/2010 8:16:22 AM PDT by Yardstick
[ Post Reply | Private Reply | To 24 | View Replies]

To: AlexW

You probable never get speeding tickets


28 posted on 06/19/2010 8:16:56 AM PDT by al baby (Hi Mom sarc ;))
[ Post Reply | Private Reply | To 24 | View Replies]

To: BenLurkin

Any place in the anglophone world?


29 posted on 06/19/2010 8:17:28 AM PDT by null and void (We are now in day 513 of our national holiday from reality. - 0bama really isn't one of US.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MissEdie

It is a town of almost all Americns and is very safe.


30 posted on 06/19/2010 8:19:57 AM PDT by Mikey_1962 (Obama: The Affirmative Action President)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Ken522
Detroit ?

The entire city of Detroit should be enclosed in a glass hemisphere and designated a National Monument. People could still live inside and go about their daily lives, but for the rest of America it will serve as a window to the future. The fate of every city where liberals are given unchallenged power, indefinitely.

31 posted on 06/19/2010 8:20:09 AM PDT by libh8er
[ Post Reply | Private Reply | To 6 | View Replies]

To: SeeSharp
My next door neighbor goes on frequent business trips to Manila, he says it is the filthiest most crime infested place he goes. He just came back and he says it is dangerous!
32 posted on 06/19/2010 8:20:53 AM PDT by Ditter
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeeSharp; BenLurkin; AlexW

Good link for the Philippines:
http://www.LivingInThePhilippines.com


33 posted on 06/19/2010 8:24:14 AM PDT by 2ndDivisionVet (Don't care if he was born in a manger on July 4th! A "Natural Born" citizen requires two US parents!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: BenLurkin

Some good rules of thumb about retiring overseas.

1) Retire to a colony of Americans, not just on your own. The more it is like an enclave, the safer you will be. Avoid being the first or the newest to move in. Have neighbors that will watch your place if you leave it for a while.

2) Figure out the back-and-forth with America. That is, how often travelers come and go to the US. It is much easier to live outside of the US if you have “private importers” willing to bring you stuff you can’t buy locally. Also find out what you can mail order, and what you can’t, and if the local Post Office and international shipping companies are honest or not.

3) If you need servants, there are all sorts of rules that you must follow. Americans are often servant-averse, at least at first, but in some places, servants come with the property. If you fire them, they and their family are sometimes financially ruined. Importantly, they are often fonts of local news, that can save your bacon if they share it with you. “Oh, BTW, the revolution starts next Tuesday. You might want to leave the country”, is worthy of a very big tip.

4) Avoid arguments about politics and religion, and remember that the US constitution and Bill of Rights does not apply there. You must learn a whole new set of laws. If there is corruption, don’t try to fight it, because you will lose.

5) Most other countries are not the Moon, so if you are willing to pay for it, you can probably get it. Adapting to local food and customs is a lot cheaper, however.


34 posted on 06/19/2010 8:30:53 AM PDT by yefragetuwrabrumuy (Two New Episodes of 'Futurama', this June 24th, on Comedy Central)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MissEdie

See this link:

http://www.calderoniproperties.com/


35 posted on 06/19/2010 8:31:11 AM PDT by Mikey_1962 (Obama: The Affirmative Action President)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Yardstick

“Man, what an incredible deal. Is it a standalone house or an apartment of some kind? Is it literally right on the beach?”

Well, it is a bit hard to explain.
Our apartment is one of four separate living units, but far and above the others.
My landlady has two rooms up on the road, one single room behind that for her daughter or other visitor. Behind that is one other larger unit, but it is crude/rough/typical Philippine style.
My unit is western style, all tile floors, painted concrete walls, and all tile bathroom. There is a concrete front porch, and concrete walk to the road/beach.
It is small, but fine for two people.
The beach is about 100 feet up the walk.
It is not a white Florida sand type beach, but one of the best in the area.
People come down from the mountains, and also from as far away as Cebu City, two hours north of us.
The views in all directions are great.


36 posted on 06/19/2010 8:32:19 AM PDT by AlexW
[ Post Reply | Private Reply | To 27 | View Replies]

To: BenLurkin

My House!

Or at least my Mother in law thinks so.....


37 posted on 06/19/2010 8:33:11 AM PDT by moehoward
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

Does anyone have any info on Chile as a possibility?


38 posted on 06/19/2010 8:41:23 AM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

ping


39 posted on 06/19/2010 8:44:02 AM PDT by FoxPro (Out side of a dog, books are mans best friend. Inside of a dog, it is to dark to read.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeeSharp

I would be interested in more info on the ex military enclaves if anyone has info.


40 posted on 06/19/2010 8:44:26 AM PDT by joesjane (The strength of the pack is the wolf - Rudyard Kipling)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Ditter
Manila... filthiest... crime...

Right, I wasn't thinking about Manila. I don't think Manila is even particularly cheap either.

41 posted on 06/19/2010 8:44:45 AM PDT by SeeSharp
[ Post Reply | Private Reply | To 32 | View Replies]

To: SeeSharp
LOL! I was expecting someone to tell me Manila wasn't in the Philippines.
42 posted on 06/19/2010 8:48:14 AM PDT by Ditter
[ Post Reply | Private Reply | To 41 | View Replies]

To: BenLurkin

Bump for later...


43 posted on 06/19/2010 8:50:10 AM PDT by Thunder 6
[ Post Reply | Private Reply | To 1 | View Replies]

To: joesjane
more info on the ex military enclaves...

The link in #33 is the same site where I read that. Here is a bit of text from the homepage:

http://www.LivingInthePhilippines.com is the ORIGINAL, first Philippines Expat site on the Net, since 1989.

44 posted on 06/19/2010 8:50:15 AM PDT by SeeSharp
[ Post Reply | Private Reply | To 40 | View Replies]

To: AlexW

But keep in mind you can’t purchase a home. Am I wrong? Can you work if you wanted?


45 posted on 06/19/2010 8:51:52 AM PDT by goseminoles
[ Post Reply | Private Reply | To 36 | View Replies]

To: SeeSharp

Some years ago, my late wife and I took a short vacation to Montevideo and Piriapolis in Uruguay. Beautiful beaches, great food and mild winters. Don’t think it’s all that expensive to live there. Uruguay is the antidote to Argentina.


46 posted on 06/19/2010 8:55:24 AM PDT by Ax
[ Post Reply | Private Reply | To 41 | View Replies]

To: BenLurkin

China, Nicaragua etc. Live like a king on a few bucks a month!

And when the locals get riled at Uncle Sam (and eventually they always do) suddenly unpopular Gringo you can wind up deported penniless at best, or with your head on a bamboo pole at worst.

Just something to consider.


47 posted on 06/19/2010 8:55:31 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeeSharp

thank you! I think I may try to email the website directly to get information on specific locations.


48 posted on 06/19/2010 8:58:33 AM PDT by joesjane (The strength of the pack is the wolf - Rudyard Kipling)
[ Post Reply | Private Reply | To 44 | View Replies]

To: goseminoles
But keep in mind you can’t purchase a home.

Are you willing to become a Catholic? As in here comes the bride?

49 posted on 06/19/2010 8:59:47 AM PDT by SeeSharp
[ Post Reply | Private Reply | To 45 | View Replies]

To: Travis McGee

Isn’t that about the same thing obama and his cronies are doing to the successful people here?


50 posted on 06/19/2010 8:59:47 AM PDT by joesjane (The strength of the pack is the wolf - Rudyard Kipling)
[ Post Reply | Private Reply | To 47 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-143 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson