The Economic Risks Of Retiring Overseas

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“Kathleen, I enjoy your information on life overseas as an alternative to potential chaos at home. I’m in my mid-80s now and probably not going to repeat what I did 30 years ago, which was moving to Mexico for 15 years, successfully publishing an English-language tourist magazine, and thoroughly enjoying the lifestyle…for a while.

“Based on my experience, I think your advice falls short in certain respects: the involutions and convolutions of financial aspects in the expat’s country of choice. For example, many destinations, like Mexico, have their own problems from which newcomers are not exempt. Peso devaluations such as we experienced during the Echeveria and Lopez Portillo administrations decimated bank accounts. Meanwhile, the beaches were pristine, the margaritas tasty, and the fishing excellent. Almost everything else was affected by the established custom of ‘mordida,’ or gratuity, exacted by government employees!”

–Louise C., United States

Continue reading: Spanish Language Study In Medellin, Colombia

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Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.