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Ready to retire? On a budget?
The number of retirees fleeing the U.S. grows every year and with good reason. High living
expenses and health care costs make the American dream seem more like a nightmare
especially for the folks that are living on Social Security, this is why many retires choose to
move to countries where they can live comfortably. Places like Panama, Thailand, Belize,
Ecuador and the Philippines that have dirt cheap costs of living and friendly people make
an ideal place to "retire on a budget" Panama has a first class health care system at third
world prices, sandy beaches and shopping make it the new south Florida and that is not
just because Panama city looks a lot like Miami. The low cost of living allows retirees to
live comfortably with all expenses paid for under $1500 per month and I am talking about
chowing down on steaks and sea food not ramen noodles and canned food plus having a
maid do all those unwanted chores around the house. Check out this sample budget for a
retired couple for one month of living in Panama:
Rent for a nice house/apt $450
Utilities $150
Vehicle expenses $150
Maid service $100
Groceries $250
Clothing $100
Entertainment $200
Misc $100
....................................................................................................................
Total $1500
Most people might be thinking, how in the hell am I going to get around in a foreign
country? I don't speak the language, the food is different and so are the people, well the
simple answer is that one must be adventurous and go for it. Remember that living in any
major city in the USA is a lot like living in a foreign country anyway, there are many
educated people that do speak English as well as a large ex patriot community in most
areas so you won't be entirely in the dark. Moving overseas has many pros and cons but
for the most part I think that everyone agrees that for the price and quality of life, the pros
out weight the cons especially if all you'll ever have to worry about every morning is making
coffee.
Relocate to Panama info
The number of retirees fleeing the U.S. grows every year and with good reason. High living
expenses and health care costs make the American dream seem more like a nightmare
especially for the folks that are living on Social Security, this is why many retires choose to
move to countries where they can live comfortably. Places like Panama, Thailand, Belize,
Ecuador and the Philippines that have dirt cheap costs of living and friendly people make
an ideal place to "retire on a budget" Panama has a first class health care system at third
world prices, sandy beaches and shopping make it the new south Florida and that is not
just because Panama city looks a lot like Miami. The low cost of living allows retirees to
live comfortably with all expenses paid for under $1500 per month and I am talking about
chowing down on steaks and sea food not ramen noodles and canned food plus having a
maid do all those unwanted chores around the house. Check out this sample budget for a
retired couple for one month of living in Panama:
Rent for a nice house/apt $450
Utilities $150
Vehicle expenses $150
Maid service $100
Groceries $250
Clothing $100
Entertainment $200
Misc $100
....................................................................................................................
Total $1500
Most people might be thinking, how in the hell am I going to get around in a foreign
country? I don't speak the language, the food is different and so are the people, well the
simple answer is that one must be adventurous and go for it. Remember that living in any
major city in the USA is a lot like living in a foreign country anyway, there are many
educated people that do speak English as well as a large ex patriot community in most
areas so you won't be entirely in the dark. Moving overseas has many pros and cons but
for the most part I think that everyone agrees that for the price and quality of life, the pros
out weight the cons especially if all you'll ever have to worry about every morning is making
coffee.
Relocate to Panama info
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Education Help, TRICARE, Discounts,
Civilian Job Search, Family Support,
Health Care, Insurance, Space A Travel,
VA Loans
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