Monday, June 21, 2010

Places To Retire

Another sensible article I read on yahoo today. As usual I would like to impart this to my readers just so they can have an idea on where to retire. We are all going there someday. In fact, my husband has got few more years before retiring and as early as now, we should discuss things like these so when the right time comes we know where we going.

These suggested countries below could accommodate you if you only live for 1,200 a month of your pension. If you plan of staying in U.S then you probably receive more than that because of the living expense here is too costly. As for us, I would like to retire in my home country, the Philippines. With 1,200 USD to live by every month, that should be more than enough that of course if I can convince my husband to live in a hot tropical climate all-year round.

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, Nicaragua. Granada is a charming Spanish-colonial city built around a beautiful and lively central square. It's also 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. A friend calls Morelia the "coolest Mexican city you've never heard of."

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. The other big plus for Cuenca is its climate. Ecuador is a land of eternal springtime, never too hot and never too cold.


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