Two Reasons You Can’t Afford
Not To Retire Overseas
Your retirement nest egg has been marginalized, and you’re thinking there’s no way you could afford to retire overseas.
This is probably the most-often-given reason for why someone who’s interested in the idea of launching a new life in a new country hesitates or even abandons the idea altogether. And it’s the least valid. Here’s the truth: You can’t afford not to retire overseas.
I’m speaking both literally and figuratively.
Let’s begin with my literal point. You could retire to Cuenca, Ecuador, for example, and enjoy a comfortable life in a safe, pleasant colonial city on a budget of as little as US$710 per month if you own your own home. If you don’t, you could rent a “local-style” apartment for as little as US$300 a month, making your total monthly nut as little as US$1,010 per month.
This is a very scaled-back budget. You wouldn’t be living the high life, but you’d be enjoying an interesting one in a pretty city where the weather is
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