Ponzi schemes are notoriously unfair.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
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 ...
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?
“But keep in mind you can’t purchase a home. Am I wrong? Can you work if you wanted?”
You are right. One must be a citizen to own property or a business.
Many expats talk about “their” houses, but it is really their wife or girlfriend’s property.
It is of no concern to me, as I have no need or desire to OWN a home at age 66.
Seems sort of wrong that a person can’t afford to retire in their own country, on the pension provided by that country.
Good point! Weighing the pros and cons, I’d carefully consider moving to the PI or Panama.
And some located on nice wooded lots....
A lot of things are going to seem VERY wrong as our economy crunches. Like paying 50 year old retired govt employees 110% of their salary in “pension” for the rest of their lives, while we go hungry on our 401ks. WHen the wheels come off, it will seem worse than wrong, it will seem criminal. And then it will get ugly, as in France, 1780s ugly.
That would be a great time to be on a beach in the PI.
You can find places in the U.S. but you have to leave out the word “nice” in your description. If you want to live remote and in a town where people pass through and ask if they have wandered into Mexico I could fix you right up.
Yes, unless you have family that’s not there with you.
Ponzi schemes are notoriously unfair.
Instead of running away, I believe I will stay here and defend the Constitution against all enemies, foreign and domestic. YMMV.
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