The Overseas Retirement Haven

Follow Your Priorities To The New Life Overseas That's Right For You

Jan. 19, 2012, Panama City, Panama: The key to being happy in a new life overseas is to understand your priorities before making the move.

Dear Live and Invest Overseas Reader,

"On a recent visit in the United States," writes Retirement Planning Correspondent Paul Terhorst, "we ran into our long-time friend Susan. Vicki asked her what was the most important thing that had happened during the past year. Susan replied, 'My pet sheep didn't die.'

"Susan's sheep amounts to a live-in lawnmower, and the little guy had been sick recently. Susan was pleased with the recovery.

"Vicki and I later learned, after chatting a bit with Susan and others, that, during the year, Susan had also built a new house, witnessed the birth of her first grandchild, and gotten a new job.


Cheapest Place To Retire Overseas

The Cheapest Place In The World To Retire In 2012

Jan. 18, 2012, Olango Island, Philippines: Cebu and Olango islands, the Philippines, qualify as two of the cheapest places in the world to retire overseas in 2012.

Dear Live and Invest Overseas Reader,

"As I young adult," writes Philippines Correspondent Victoria Clair, "I often dreamed of the kind of place where I would like to live...and it never involved snow storms. I dreamed of a tropical paradise where the sun was almost always shining, it never got cold, and I could swim in the ocean whenever I liked. I dreamed of breakfasting on tropical fruits and of sipping mango lassies while feasting on curry at a beachside restaurant.

"Now these dreams have come true. I live on Olango Island in the Philippines.

"Olango Island lies 5 kilometers east of Mactan Island, between the islands of Cebu and Bohol. Olango and its neighboring islets have a total land mass area of approximately 10 square kilometers (about 4 square miles). It's a tiny tropical dream offering much to explore in the way of natural delights, from sandy beaches and rocky shorelines to beds of sea grass, forests of mangrove, and reefs of coral.


Foreign Residency In Colombia

A Second Residency—All Important And Easy In This Top Retirement Haven

Jan. 17, 2012, Medellin, Colombia: Colombia, one of the world’s top retirement havens, offers a dozen options for establishing foreign residency.

Dear Live and Invest Overseas Reader,

Having a legal residency outside the United States can be like having a strongbox full of cash buried in the back yard. It's not hard to put in place, and the day may come when you're awfully glad you've got it.

Medellin, Colombia, is one of our top recommended lifestyle choices for 2012. As we've been reporting for the past 18 months, this pretty mountain city is emerging as one of the best retirement options worldwide. In past reports, however, we've cautioned that establishing yourself here, specifically, for example, establishing legal foreign residency, may not be as straightforward as it can be in, say, Panama, Belize, or Uruguay.

Contacts in the country, including our attorney, have disagreed, telling us we've got this all wrong.


The World’s Top Retirement Haven

Panama Is #1…But It’s Not Always Best

Jan. 16, 2012, Panama City, Panama: Panama remains the world’s top retirement haven, but Ecuador is one of the world’s cheapest places to retire, and Medellin, Colombia, is a better good weather retirement choice.

Dear Live and Invest Overseas Reader,

We say (and we believe we're right, based on long experience with this stuff) that Panama remains the world's top retirement haven. That is, in this New Year 2012, Panama is the best place to think about living or retiring it has been for the past half-dozen years at least.

However, that is not to say that Panama is the world's best place for all things for all people. For example:

Ecuador is cheaper.

Speaking in round numbers, it'll cost a retired couple US$2,000 per month, including rent, to live comfortably in Panama City or about US$1,100 a month, again, including rent, to live in Las Tablas (our preferred budget destination in this country).


Retirement Cost Of Living

But Isn’t It Expensive To Live There?

Jan. 15, 2012, Panama City, Panama: Cost of living in retirement is a relative, highly controllable idea that depends greatly on how you decide to live in retirement.

Also This Week: Why Would An American Want To Leave The United States?...Medellin Versus Panama City—Two Top 2012 Havens Compared…Three Best Colonial Cities In Colombia Compared…

Dear Overseas Opportunity Letter Reader,

"But I'd think that France would be more expensive," remarked my interviewer Friday afternoon.

"More expensive than what?" I had to ask.

Few things in this world are absolutely expensive. Most things are only relatively so, compared with something else.

The gentleman interviewing me on Friday for the book he's writing was wondering about the reasons an American would think about leaving the United States and living or retiring overseas. Cost, I explained, is a big motivator...the need to escape a high cost of living and the desire to go in search of a more affordable one.


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Readers Say

"I have to say that you seem to dig deeper into the feel of a particular place and to do comparative analysis between alternative places. Your approach is more sophisticated and thoughtful and therefore more useful than that of other information sources covering these same subjects."

— John W., United States


"I particularly appreciated your information today about the joys (?) of international rental property. What I admire is your honest, tell-it-like-it-is approach. A lot of people have been hurt by nothing but glowing reports about offshore living from various sources. Your honest, direct approach is a real service."

— Arlean K., United States

Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

Read more here.


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