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.
(Excerpt) Read more at finance.yahoo.com ...
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.
Bookmarked for later.
But how is it in relation to the problems Mexico is having with drugs and violence?
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.
“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.
My kids basement if i had kids
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.
Man, what an incredible deal. Is it a standalone house or an apartment of some kind? Is it literally right on the beach?
You probable never get speeding tickets
Any place in the anglophone world?
It is a town of almost all Americns and is very safe.
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.
Good link for the Philippines:
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.
See this link:
“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.
Or at least my Mother in law thinks so.....
Does anyone have any info on Chile as a possibility?
I would be interested in more info on the ex military enclaves if anyone has info.
Right, I wasn't thinking about Manila. I don't think Manila is even particularly cheap either.
Bump for later...
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.
But keep in mind you can’t purchase a home. Am I wrong? Can you work if you wanted?
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.
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.
thank you! I think I may try to email the website directly to get information on specific locations.
Are you willing to become a Catholic? As in here comes the bride?
Isn’t that about the same thing obama and his cronies are doing to the successful people here?
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