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Home Countries Colombia

The Truth About Retirement In Colombia Expats Need To Know

This South American Gem Is Part Of My Personal Retirement Plan

Kathleen Peddicord by Kathleen Peddicord
Mar 03, 2022
in Colombia, Lifestyle
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Night View of Cartagena de Indias, Colombia

Adobe Stock/sunsinger

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The first time I ever recommended Americans think about retiring overseas was back in 1985.

When I began making these kinds of suggestions, I was sometimes met with suspicion… sometimes ignored… now and then even attacked as part of the lunatic fringe.

The good news is that today the idea of retiring outside the country where you happened to have been living up until that point is no longer considered crazy.

About 12 years ago, I made perhaps the boldest recommendation of my career…

A South American gem nothing like you’d expect…

Pretty, pleasant, sophisticated and chic, welcoming and affordable… a place on track to become one of the world’s most sought-after destinations, for both retiring and investing.

I’m talking about retirement in Colombia.

The image of Colombia as a dangerous land of cartels is decades out of date.

Pablo Escobar died nearly 30 years ago, and Venezuela’s instability has led to the best U.S.-Colombia relations in modern history. Colombia now even has the backing of the AARP.

What Makes Colombia Such An Appealing Retirement Destination?

Truth is, this overlooked destination checks every box for would-be retirees.

Colombia has:

  • “Perfect” weather… it’s mild and spring-like all year long, so no need for heating or air conditioning…
  • World-class health care… 8 of the 35 best hospitals in all of Latin America are located here…
  • A rich cultural scene… complete with theater, orchestra, world famous artists, and exciting events…
  • An affordable cost of living… especially if you are converting from the U.S. dollar, which gives you more than 50% more buying power than just several years ago…
  • Great investment potential… for both the capital gain and the income investor… costs of getting in are low, and demand is growing at an accelerating rate…
  • And the real estate? It’s a screaming bargain, both to buy and to rent…

The U.S. dollar here has more buying power than it had only a few years ago… about 55% better, in fact.

In other words, a condo selling for the equivalent of US$100,000 several years ago would now cost around US$64,000.

An outdated stigma lingers, keeping it one of the greatest bargain lifestyles in the world today.

Get Your Free ​Colombia Report Today! ​​​

Learn more about ​​​Colombia ​​​and other countries in our FREE, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​Colombia: The World’s Next Top Retirement & Investment Haven

This Is A Remarkable And Rare Window Of Opportunity For Retirees…

A picturesque cozy park in summer in Colombia in Medellin.
Adobe Stock/Victoria

People have already begun to discover this hidden paradise…

In time, even more people will realize the truth. Until then, opportunity abounds for those savvy enough to see past the myths to the reality of what this beautiful “City of Eternal Spring” offers today.

Aside from the bargains, the people here are polite and friendly, the streets are clean and safe, and the infrastructure is international-standard.

With its restaurants, cafés, galleries, and shops, this place feels more European than Latin American.

OK, brass tacks…

How Much Will It Cost You To Retire In Colombia?

Colombia offers a cultured and tranquil life for less than US$1,000 a month…

But it depends on where you choose to live… and how you live.

Which communities make most sense for you given your personal preferences, priorities, and budget?

I’ve been scouting, researching, and living in these places for more than a dozen years. Lief and I were so smitten with the way of life on offer in Medellín that, in 2011, we decided to invest in a part-time home of our own here.

As a result of all the time we’ve spent in this part of the world, we’ve been able to build an inner circle of trusted advisors, including lawyers, business owners, local professionals, retirees, and expats, with decades of experience living and investing in Colombia.

In a couple of weeks’ time, Lief and I will be reuniting with this special group in person for the first time in more than two years.

The pandemic has kept us away from Medellín far too long. We can’t wait to settle in again in this city whose Euro-chic lifestyle we’ve come to appreciate tremendously.

We’re looking forward to seeing the city… to meeting up with our friends and colleagues… and, perhaps most of all, to spending time together in person with the sellout crowd for our Live And Invest In Colombia Conference.

If you’re making your way to Colombia to meet us in Medellín later this month, we’ll see you soon.

Sincerely,
Kathleen Peddicord signature
Kathleen Peddicord
Founding Publisher, Overseas Opportunity Letter

Tags: expats in colombialife in colombialife in medellinLive in ColombiaMedellinRetire in ColombiaRetire in Medellinretirement in Colombia
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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