9 Countries to Retire on a Small Pension, Social Security, or With Very Little Money
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- เผยแพร่เมื่อ 19 พ.ค. 2024
- Are you wondering where you can retire on a small pension or social security? Here are 9 countries that have retirement visas for people without a lot of money. Some retirement options abroad include true retirement visas aimed at folks who are of advanced age. Other places let you retire on a resident visa with proof that you have money coming in every month. Of course, there are plenty of countries that want a lot of money from you, but not in this list. We're looking at places that top out at about $1,600 per month and go down to just a couple hundred dollars per month. We'll cover Mexico's Temporary Resident Visa, Ecuador's Retirement and Investor Visas, the Philippines' SRRV Visa, Costa Rica's Pensionado Program, Panama's Pension Program, Nicaragua's Pension Program, Thailand's Retirement Visa, Mauritius' Retirement Program, and we'll cover a range of locations and cultures that might work as a good place to settle down once you cash in your pension. Likely, you're looking to leave the USA, Canada, or some other nation that overtaxes and is overpriced. Thankfully, moving abroad in retirement is actually quite easy. Let's look at some of the cheapest countries on Earth for retirement options.
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0:00 Introduction
0:58 Benefits of Getting Residency in Mexico
2:25 Costa Rica's Pensionado Program/Temporary Residency
3:48 Panama's Pension Program
4:53 Ecuador's Retirement Visa
6:30 Nicaragua's Pension Program
7:22 The Philippines SRRV Retirement Visa
8:40 Thailand's Retirement Visa
9:38 Mauritius Retirement Visa
![8 Reasons Why Americans LEAVE Costa Rica [Why I Left]](http://i.ytimg.com/vi/cbGMngGx2xk/mqdefault.jpg)
![8 Reasons Why Americans LEAVE Costa Rica [Why I Left]](/img/tr.png)
Bud..I have lived in Ecuador, Colombia, Panama, Mexico, and finally Costa Rica. I JUST sold my house in Costa Rica and WILL NOT be going back. Do yourself and everybody else the favor and take Costa Rica off your list. It is SOOOOOO incredibly expensive now to live there since the Pandemic. You can’t even get a plate of Pollo con Arroz for under $12. Costa Rica is literally “Killing the Golden Goose!” This is as of 2022/2023. NOBODY and I mean nobody is going to live on $1000 a month in Costa Rica, unless you are part homeless and live in a diaper box. The crime is completely off the charts now there. While there in November and December 2022 I have never seen so many gangs! MS 13 operates openly and without impunity. The police are not respected and nor do the police even care! Trust me on this one…the others on your list are just OK, but Costa Rica? DEF NOT!
Same observations when I was there. Thanks
Well, I must agree with you, I went twice to Costa Rica in 2021, very high costly of living plus San Jose became very dangerous. No more Costa Rica
Thankyou for that info
Thanks for the information. How was your experience living in Colombia. I was exploring Cartagena and Santa Marta since I was born there but raised in the US as a kid
You are 100% wright
I retired to Bangkok three years ago and have zero regrets. Thailand is a 'no drama' place. There's not lot of spoken English but Google Translate will open many doors. Cost of living reminds me of the 1960s US prices and the country's motto is 'Supermarket to the World' so fresh food is amazing, accessable, and affordable. Crime is very low and you can walk about the big cities safely at night. Medical care is A1 and inexpensive, even in a private hospital. Taxis are among the cheapest in the world and there is lots of transportation infrastructure. Thai people are friendly and look you in the eye.
Yes agree and Bangkok and Phuket are also a bit expensive but for me it's just to bloody hot and humid otherwise I'd be there my Thai wife doesn't even like the heat anymore we live in Australia where the climate is very good but your right it's drama free and the government isn't controlling your whole life just on a lighter note don't know how long I could stay married with all those beautiful ladies at your door step 55566
Tell us more as to your experience with house buying and the living expenses, please.
Stop telling everybody i wont be able to afford it when i retire damnit
That would drive me nuts. I've dated a number of Asian immigrants from various countries with average English capabilities and it got old. Having to use google translator everywhere I went...screw that.
There's been a regime change in Thailand recently. A pro-US party 'won' the election, so maybe things could change. It would be great to hear your opinion in a few months' time.
You don't need to put $20,000 down for SRRV in Philippines if you're a vet. That's why so many ex military retire there. If you've served in the military of any country then you qualify for a SRRV EXPANDED COURTESY which means you only have to deposit $1,500 and NOT $20,000. You're welcome.
Thanks bro internet is confusing thanks for clearing that up
Sír can you expand on the military service comments you made. I wasn't aware of any concessions as I'm ex military
@@peterhannon9972 For foreign nationals aged 50 and above who are retired Armed Force officers of foreign countries with existing military ties or agreements with the Philippine Government. You need to have a pension either military or social security of $1,000 a month and then deposit $1,500. I spent 2 years in U.S. Army as an enlisted man and I qualified. You will need an honorable discharge.
Sounds like they don't want many non veterans over there ? Many either wouldn't be able or willing to dump $20K on them !?!?! -- The tourist visa serves many well 3 years at a time.
For those Americans that will be getting Social Security or retiring on some kind of pension in the near future may want to consider the hyperinflation of the American dollar. I don't see cola covering Social Security or any other pension sceam should hyperinflation kick in, if anything Social Security and pension will be stopped due to a lack of funds.
Moving to a foriegn country may not be the smartest thing to do if you are expecting your pension or Social Security is going to support you. Better to have a lot of money or even better gold.
I left the USA in 2014 at the age of 50. I retired to Nicaragua. Absolutely love it and I have no regrets. I'll never return to the USA. It's a beautiful country. Beautiful loving people and incredibly inexpensive. Costa Rica and Panama are expensive, rivaling the USA in many costs. Also, Nicaragua is very safe and is considered the safest in Central America.
How safe it is?
are you nica or NorthAmerican?
Where in Nicaragua?
What about the communists there?
How much a house in the beach?
Enjoy those mosquitos!
Can’t deal with the horrible language
@@irisbaez1972 stop believing US propaganda
@@irisbaez1972no safe !!! I escape from Cuba, Daniel Ortega is a dictator
I live in pattaya Thailand now for 18 years l have have a retirement visa im from Canada and very happy living here.
it's nice to hear ❤I'm planning to visit thailand soon.
Hope they have good nursing homes to care for the elderly.
I live in New Zealand. Don't retire here, we are outrageously expensive!
How much for a hobbit hole?
So why you don't move to less expensive place?
Or Australia old age pension in Australia is below poverty
I seen actually many New Zealanders imigrating to Australia wast numbers . no wonder .
We don't want foreigners to retire here. What are they bringing to our country.? That's the big point that is ignored in this video..why should any country want foreigners to retire there? If you want to retire to another country, what can you bring to that country??
Videos like this are great! It shows people there are options out here!
You don't mention Belize. English is the national language. The Beliz currency is tied to the US Dollar at 2-1. You only need to show $1,000 per month into your Belize bank account. You also get tax free import of all your household items plus a marine vessel and a small airplane. You do have to stay in Belize for 30 days out of the year. Belize has several ecosystems from the Carribean Beach to jungle to mountains (basically jungles that are not as hot). You can live pretty comfortably in Belize for $1K to $2K per month. Housing can be a bit expensive right on the beach, but you can find very affordable places including a good amount of land for very reasonable prices.
Yes this would be my second choice...I left UK to live in Brasil..
One of the highest murder rates in the world
@@JamaicanCarioca Better off dead than poor and on the street..
You have to stay in Belize while your Visa is being approved for up to 11 months. Gas is costly, utilities, no health care to speak of.
What about couples income?
Really Great! (And I watch a lot of these videos!). Well organized and answered my questions. Thank you!
My pleasure!
Nice video. I appreciate the info. More news about average living expenses and health care would be wonderful if that is possible in a future segment. Thanks!
It depends on you more than anything. Most all of the countries have populations who earn on average $6/$10 a day or less. If you want to live like a local you can also live on that much per day. HOWEVER, if you're coming from a western country you need to be aware that it's easy to move UP in lifestyle very difficult to move DOWN. You want cold showers and no ref in the kitchen? Can you sleep in tropical heat with nothing fan and no AC? How important are solid walls to you or is a bamboo structure ok? How do you feel about bugs, you cool with sharing a bed with them? Most of the time living like a westerner in these countries isn't much cheaper overall than living where you came from. So it's really all about what are you willing to live without. In the Philippines you can purchase a 6 pack of string cheese for the low low price of #13.95 if you get what I'm saying. Western style rentals will start around $1000/mo. That being said if you can get used to the wet markets you can get food relatively well priced. But don't think you're going to be purchasing meat in a package stored cold like you would back home in your local supermarket. You're going to get something that was (hopefully) killed this morning and has been sitting out since half covered in flies.
All of that being said, you can live in most of these places in relative comfort for $1500/mo on your own or about $2000/mo with a local girl and no kids if you're super slick.
Because he is so young. LoL
Great information, delivered straightforwardly without any cute or clever comments. Thank you!
I have traveled the Pan American highway for a couple of years. Living in the following countries for a while. Mexico, Belize, Guatemala, El Salvador, Costa Rica, Panama, Colombia and Ecuador. Many have their advantages and disadvantages. I'm now living in Colombia. There's a Veterans Clinic recently opened in Medellin, there are so many US Military retired folks here in Colombia. There are many beautiful towns in which to choose. It's great!
I hope to travel to Medellin and Bucaramanga, maybe Cali in the next few months. Currently evaluating slow living in Ecuador. Glad to hear that Colombia is a good experience for you.
I'd like to know more. I'm a vet and looking fo a place to retire.
@@JenniferThornburg1 after having lived in Mexico 🇲🇽, Central America and South America, Colombia 🇨🇴 has proved the best for me.
My wife is Colombian and we recently spent 10 days there. The healthcare is rated the best in Latin America. I was impressed by them having a medical clinic in a Mall(my wife suffered a fall) and was immediately taken care of. In America, you'd have to wait 5-20 min. for an ambulance and possibly pay @ least $ 800 for transport. That poor country had the better option. Can't wait to leave this shithole
@@buckchile614 Do you speak Spanish? I don't, so is it ok to retire there?
For retiree, a major question is how to live like local/quasi local, not as a tourist. Of course if you are an introvert, you can live like hermit.
Eat like a local, shop like a local. I can tell you shopping for food you like in Thailand is expensive. Canned corn, diced tomatoes, black beans, pasta are 3-6 times more expensive as the US. And not imported, grown and canned for foreigners in Thailand. I go to a Thai market buy my tomatoes and corn, process them to the freezer. Half the price as a 14 oz can in the US. Still have to buy black beans in a can. Have not seen any dry beans.
I retired young and lived in Philippines for 10 years and loved it. I’m now living in Mexico last 7 years. Love it even more. I’ve made videos covering the things I loved and didn’t like about each place and also dealing with the girls in both places.
Where can one see or access your videos?
I’m 25. Leaving Colorado to go back to Florida for a bit. I’m planning my escape somewhere now. Where’d you if you were me, preferably 420 friendly (or able to not go to prison), low cost of living, good insurance, and beautiful women? Mountains + beaches a must
Subscribed
Yep share links to your videos
@@druryaustin Costa Rica sounds like what you’re describing. Jaco is perfect for that
Thank you for this video, it was very informative ❤
Very interesting video, thanks for sharing, some good options there, regards from England 🍺🍺👍
Excellent vid! You save us research time when you mention how much pension income required, well done, thank you!
You’re welcome! But be aware the some places have raised their levels, and expect most to do so over time so be sure to always double check the numbers when applying for a program
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways
Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.
One of the primary reasons I utilise a portfolio coach to oversee my daily investing decisions is that their whole skill set is cantered on trading long and short at the same time, utilising profit-oriented techniques and minimising risk as a hedge against unforeseen events.
@@marcelrobert9569 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@obodoaghahenry9297 Yeah, I have total faith in a financial advisor who is certified by the US SEC. In fact, I'm not sure whether I'm allowed to disclose this, but I'd suggest checking up "Julie Anne Hoover" because she was a huge issue in 2020. She is my mentor in addition to managing my investments.
@@marcelrobert9569 She has excellent credentials and an outstanding occupation. Hence, I swiftly copied whole name and typed it into my browser. I'm curious to discover why she is so busy, and despite the fact that she has unquestionably good credentials, I nevertheless schedule a meeting with her.
And, in spite of my Thailand rant, thank you for the rest of your video, a lot of good, useful info there...
Great job on your video and Thanks from another Michigander ( Upper Peninsula ) ......
I retired to kyrgyzstan
I own my own apartment
Paid cash
My water garbage electricity building cleaning fee 8 dollars a month
I live in 300 USD easily all expenses
Cheap clean peaceful good food
Whoa! That's awesome 😃 shoot me your email address if u wanna set up a time to talk, I could record our chat and put it on my channel for others to learn more about Kyrgyzstan, if you're cool with that
Unfortunately, dirty China is encroaching into Kyrgystan
What is medical care like and the costs?
@@dweamy1 I don't know I never been to doctor
Hopefully will never have to
I've been to dentist
That was good and inexpensive
@@NickDemski I sent you my email but TH-cam deleted it
Retire where the health care is exceptional! YOU WILL NEED IT! So think carefully before walking away from Medicare. Especially if you have a low income.
Yeah, we all need doctors! This can be especially tricky for people who require specialists...
@@jeffmoodie6144 Everyone needs healthcare. Even healthy people.
Or eat healthy!!!
Thailand. There's a reason it's one of the biggest medical tourism countries in the world. It's not just the price of medical, it's also the quality
@@robfromvan If you get hit by a bus, the bus doesn't care about your diet.
Excellent Video, thanks so much for posting
My pleasure!
Planning retirement on a budget? These insights are gold. It's about smart choices, not just money
Cambodia is very affordable. 1 year visa is $180 if you fill it out yourself. No bank account balance that you have to maintain. Apartments are $50-$160.
A one year Visa in Cambodia is not $180 .. is now like $300 !!
@@jerseyboy1791 No it's not. If you go through a travel agency it is $285, but if you go to the immigration office yourself instead, it is $180. It's in English, so easy for you to do it yourself at the office.
Do they require Covid vax for the residents?
@@-.John.Doe.- I don't think so
@@mylifethaidiy7045 awesome. I'm gonna move from Indonesia for that very reason. Too much vax pressure from the government.
omg i went to mauritius last year for a vacation and it's paradise
Thanks a lot for this very informative and straight to the point video. 👌
my pleasure
Hi, thank you for your stunning video. I'm 51, from South Africa and was a senior offesier in their Police Service. I'm thinking of going to the Philippines as their nature is breathtaking.
Happy 2023
Pay a visit and then decide if its the place for you.
But....no cricket !!!
Phillippines reportedly takes good care of elders in nursing homes.
Hey thank you Sir . Just discovered your channel . Very very interesting. I’m sick to death of the horrendous weather here on the UK . I’d even consider Timbuktu to live . Thank you for the information, really helpful and I’m considering! Keep up the good work. Thank you .🙏👍
@@ChanaElisheva Timbuktu is closed to the UK than Mauritius.
@@ChanaElisheva Where in the states the weather is that bad that you want to leave the USA? Where ever you go in this world you'll encounter good and bad weather, the Philippines has the highest rate of Typhoons in the world so do your home work before you jump ship.
@@ForAndroid101 You must live up north.
@@ForAndroid101 hahahaha👍
im fed up with just about everything in uk.and its march and still snowing😭
I lived in the Philippines for 3 years. Loved it. Visited Thailand 4 times. Loved that, too... but more people in the PI speak english than in Thailand, and I can speak passable Tagalog.
Proud of you for learning Tagalog language even though English is so prevalent there 👏👏👏
95% of the people there speak English
Excellent content! New subscriber. ❤️
My pleasure! Welcome aboard 😁
@@NickDemski Thanks so much 🤗
Nice video. I would like to hear more about medical services in the countries that you mentioned.
are you sick 😮?
Excellent! Thank you 👍
My pleasure 🙏
Awesome content in this video. I would love to move to Mexico but is now too expensive. Too many Americans and Canadians there have pushed up the cost of living. I've been to Bangkok, Thailand and I might retire there in the future. It's an incredible place to live. Great research. Thank you!
My pleasure! Thanks for sharing your thoughts 😊
Depends where you want to live in Mexico or are you just wanting to rent vs buying property, better you rent in case you have to bail out.
Thailand has become deliberately difficult to retire to thanks to recent govt law changes and you now need a very high monthly income a lot of people are already moving on to Phillipines because of this
@@nikkster01 Not true according to statistics Thailand is ranked number 1 in tourist attraction in Asia, so I don't know where you got your false information from.
Hope you like smog during the winter months. Bangkok has been blanketed with smog for months from burning crop fields in Cambodia, Laos, and some from Thailand. The wind is blowing east to west now. Even Hua HIn is covered in smoky haze.
Greetings from Switzerland. Nicely presented video.
Hey thanks! I hope to visit your country some day 🙌
Thanks for the video, I'm currently looking for a country to retire. Anywhere but the DSA!
I heard from a friend trying to get residency in Costa Rica the government wants a very large amount of money kept in bank account. Six figures. There are more requirements than just the basic pension income.
6 figures in the bank?!!!
Mauritius is the only one of those that I'd consider even Thailand would be kinda cool. How strict and how wild a place can be is top of my list. Costs are secondary.
I love Thailand. It's the perfect amount of wild.
@@NickDemski nice. That's what I'm talking about.
I'm curious; what do you mean by "how strict and how wild..." and why Mauritius?
Great video! Very informative.
Good video ! Thank you.
My pleasure
Great video but a lot of these financial requirements have changed, it would be great if you would do an update video.
Yes they have, I’ve been pondering doing an update so thank you for the encouragement 🙏
I've lived in Costa Rica for the last 15 years, and unless you own a home and vehicle and are completely debt free, there is no way you can live here on $1000 a month! Even if your home and vehicle are paid for, $1000 is just scraping by, Costa Rica is not a cheap place to live.
Completely agree. Getting more and more expensive
I bought some forest/mountain land in rural Costa Rica, $100K USD. The plans are to build some small cabins to live in, build a farm, live off the land as much as possible.
I bought some forest/mountain land in rural Costa Rica, $100K USD. The plans are to build some small cabins to live in, build a farm, live off the land as much as possible.
In the Philippines. For property it has to be a condo, or a house where you lease the land from the owner. Normally you do a 25 year lease so the lease payment stays the same. You can no own land there unless you are a Philippine citizen. It takes 10 years of residency to become one. Retiring there is cheap. You can ger a 2 br, 2 ba apartment 20 meters from the ocean for 441.00 (USD) a month. Away from the ocean you can get a apartment for 120.00 a month.
Where R U currently staying here.. I'm Bacolod
I'd rather stay in the USA, I have an excellent pension no bills, I can live a good life so why should I want to live in a 3rd world like the Philippines.
@@eddieBoxer If you feel this way, why did you even bother to watch the video?
@@answerman9933 Because I like to watch stupidity on line, I learn from garbology.
@@eddieBoxer And you are also a wiling participant.
Invaluable information.Thank you so much.😊
Great podcast with good selection of countries. Keep it up.
Glad u enjoyed it!
Thank you for posting this. I was going to retire in CR but cost of living keeps getting higher. I needed other options. Much appreciated.
Hi there..Jione..look to Panama...it my be a better Opcion...( i have plans to move to Panama some time in the next year )...
Costa Rica costs are similar to those in California, definitely not cheap
check out Colombia... if you have a pension of about $750 USD you can live very comfortable in a main city like Medellin.
Useful information, thank you
My pleasure
nice program!
Excellent clear and to the point ..Thanks so much. Art Bell the radio host moved to the Philippines and said he should of chose Indonesia. Gov crime etc. I have a friend living in the Philippines and he will never move back to Canada gorgeous and cheap he lives in a small village
Yes why live your life style when simplicity is best. If been here 3.5 years in Philippines.
indonesia is nicer Nature and culture, but terrible Language problems, visa etc PH certain easier, food is nicer in Bali , hahaha
@@harryeisermann2784 I hear the hottest curries are in Jogjakarta....
@@davidnobular9220 Curry in indo
called Sambals, very yummy, Bali has a good Javanese cuisine, Balinese is very hot spice too ....yummy
Love the great content! Looking forward to more.
Thanks Nigel!
Very helpful hadn't even really thought of it .Looking for a place that has warmer climate .
Where are you living now?
Central California.Modesto home of the world largest winery. Bit of extreme weather here it's either very hot in the summer up to like 110°F then in the Winter it can get down to the high 30°F's for an older personer those temperatures can be uncomfortable.
I hear ya, I’m from Michigan and not a huge fan of cold weather either. Or the super hot weather either.
I'll stop griping you're got it a lot colder where you are than me.
Fantastic info! Thank you!
My pleasure!
Living in the cities of Thailand like Bangkok is not cheap, it’s much cheaper choosing a rural town. Also Indonesia is much more cheaper to live at than either Thailand or the Philippines.
Maybe but more people speak English in the Philips. And Depending on WHERE and What Part you Live in, You can Live Vary Well off of only $500 a Month ( Everything included) or Less. ( at time of posting this. )
China and ccp is too close
english people don't get pension rises if they retire to thailand but they do if they retire to philippines and that should make all the difference
Very educative but can you delve into the topic of Thailand? healthcare, work allowance etc.. Thank you
One of the best healthcare systems in the world, working forbidden
'One of the best healthcare systems in the world', which you will not be able to join...among 1000 other issues. Thailand doesn't want poor retirees...
great video good information
I think you'll find that retirement in Thailand at 50+ now requires 800000 Thai baht or a proven income of 65000 Thai baht per month.
Very few people can now prove their income through their embassies.
UK will not provide an income letter in Thailand.
I noticed you didn't mention that in Mexico you can use your savings in lieu of pension or SS to qualify for temp visa. Its around 40K I believe. probably higher but still important to mention.
Great point, thank you.
That’s because I was trying to give people the cheapest option available. But you’re right: a significant, liquid account is also a useful method to get residency
I just moved to Mexico and I’m finding 1800 mo isn’t going very far. Gas is about 5.00 gallon. Not helpful that where i am is not a growing area so fresh produce is expensive. Most everything is except housing. And my fault I’m buying pet food and can’t ignore the hungry neglected animals. So why am i in Mexico
@@NickDemski Nick is the age thing important to mention? They told me to apply as over 60 (mexico) and they waiver all the requirements. I will check more as I have an apt on the USA side, in CA. btw: I think on the USA side, it is possible to speak entirely in English without an attorney!!
@@soulshine8531 to find out if you are a wolf or not. at 1800 you spend more than 3x of me. Does that sound right to you? If you really want to stay in Mexico, talk to people who LIVE here, not expats or the like. Of course, if you aren't a wolf? You returned to usa in defeat.
I am Costarican live in USA 🇺🇸 but going home as soon I can pura vida
pura vida mae...que le vaya bien
Way too expensive.
@@NickDemski y tu donde vives ?
Palm Beach island 🏝 Florida
Just down the road from Trump
I lived 26 years in CR, I returned ethe U.S.. CR went from paradise to the highest crime against citizens and tourist.
On line newspapers "am
CostaRica" or "ticotimes"
Thanks Big Brother ❤
great info / good communitary/ i lived in thailand before / been to 40 countrys / the best for li iiving is by far is THAILAND GREAT FOOD / GREAT PEOPLE _ LIVED IN BANGKOK FIRST /THEN MOVED TO PHUKET PATONG BEACH GREAT PLACE TO LIVE
Hell yeah the king life sounds fun!
Nice video, lots of very useful information. Not sure what you meant by saying that the Philippines is the 5th largest country in the world. They are 64th largest by area, and 13th largest by population.
You can’t trust all the stuff you see on TH-cam. Many don’t fact check and then say things like they are facts haha
Probably the 5th largest English speaking country?
If you plan on retiring any where in the world the best source of information is to research that countries government website.
Great vid tks!
Check out Thailand. People are friendly, food is yummy, weather is warm, medical is great! It’s a very beautiful country!
I agree
Lower crime
Few security guards
Lower poverty
Cleaner less expensive high quality
Why retire to a slum full of beggars?
I’d be broke spending my money on Thai bar girls and soapies 🙊
@@joeblow9126 Thailand definitely has slum like living conditions in some places, but the difference is people are happier even living in tin shacks compared to other places.
@@genericdeveloper3966 yes but nowhere near the Philippines level and it isn't grinding or filthy
@@Daoistify 😆
That's why I don't live there
I chose a place where it's cheap but girls are not friendly and are homely
What if I want homes in more than one of those countries mentioned? I currently live in Mexico, moved from the US. I have not started any resident visa programs because of my close proximity to the border (TJ), but I can say that it has been the best move I have ever made.
I am now looking at Philippines or Thailand. but I would also like Argentina or Mauritius. Question is, can I split time above and below the equator by having two homes? What would be the benefit of having more than one retirement visa? I am 55 with more than ample income per month/savings for each place.
You sure can split your time! I would just be sure to make sure you're planning properly to pay your taxes correctly and understand that some places, like Thailand and the Philippines, don't let foreigners easily own land and homes, but are typically restricted to certain condominiums.
Also, you might not need a retirement visa if you're spending just part of your time there. For example, Mexico, as you know, lets Americans stay up to 180 days fairly easily (though they seem to be getting tougher on people and want long-term visitors to opt for residency). And Thailand is an easy place to do border bounces and visa runs if you're just staying for part of the year, as well.
Mauritius is very expensive to live in🤦♂️ a friend of mine lives there
Thank you for this info!!
Interesting, I am a retired corporate pilot, and hold passports for just 3 countries now. I gave up my U.S. citizenship several years ago. Spend most of my time between The Southern Bahamas and Geneva, Switzerland. I have never had any trouble coming back to the United States to visit my family. Most of the time I uses my Swiss Passport.
living the dream! do you still fly at all?
@@NickDemski because of my age I can only fly myself and family & friends. I own several planes I lease out to a Aviation service in the Cayman Islands so I have a good income. Most of the time now I call the flight service tell them where I am and where I want to go or the same with family. I was a helicopter pilot in Vietnam & Morocco. I flew for Union Pacific Railroad for 20 years. LOL, the corporate executives don’t take trains to there destinations. My favorite aircraft is the Gulfstream G280. 10 people Comfortably for 4000 miles and can land and take off in 5000 feet all at 500+ MPH.
And I was, uh, ruler of Britannica, along with my wife, Morgan Fairchild - yeah, that's the ticket! (sorry,Jon...)
Costa Rica is a great option. Really safe country, very English-friendly... great people.
And very costly!!
Can a single person make it there on $2K a month?
If your a rich west coast American, lol
@@josephwest9915 no
But expensive I have a small pension.
Even if i had money, I'd be tempted to retire in some of these places partially for the views and a different scenery. I mean there are some very nice places in the US, but living abroad in retirement has its own appeal too, plus you could save money too if you don't mind moving out of the US.
This info excites Me about becoming an expat…!!!
How about Cambodia, Laos and Vietnam???
Thanks for the video. I could not survive on my money in the US even as I was living alone. I moved to the Philippines now I live like a king and have a young beautiful kind wife who takes great care of me. All I do now is work on my YT channel and enjoy life!
You've got some great content on your channel 💯
Very interesting 😁thank you for the video 😁
My pleasure
Central Europe is a great affordable place to live,. Just harder to get approved.
Costa Rica land food rent and a car is by far the most expensive and is raising in crime
Panama is the same as Florida
Nicaragua is a bit harder but by far cheaper
I lived in all 3
In Nicaragua 5 bedroom farmhouse away from the city 200 per month With electrical and water. Internet 55 per month
Cheaper than buying or building
I like Nicaragua too… Ometepe is one of my favorite places in the world
Shoot I'm heading to Thailand. Once I set up having us passive income, I'm out. It's 300 a month for a nice 3 bd house with a pool. Here in south FL you paying atleast 3000
Isn't it wild? 10 months of rent in Thailand = 1 month in Florida.
That would be great you save a lot of money for more adventurous life good food and beautiful people. 👍
where hua hin? further south how do u find rentals?
@@NickDemski what do u use to find rentals there
@@NickDemski the air quality is the worst
Would like an update on Argentina. Thank you!
yes correct Sir Philippines, I'm a Filipina
I recently traveled to Argentina and I love it
Can you live with 300 USD a month in Argentina?
@@termita358 I only stayed in Argentina for two weeks and I can’t give you much information about the cost of living there , but for sure $300 per month it’s not enough..one thing that we need to remember is that we can’t not bring the American life style wherever we travel outside this country
Well said Cabilla. I would think anyone can live anywhere on a small budget, but you have to change your standards and expectations in relation to where you’re at.
To live in Argentina as middle class people do, with first class medicine & rent in a nice and safe neighbourhood in Buenos Aires, you might consider to expend USD 1500/mo. If you enjoy of a very rich cultural city life, extremely friendly people, safe net of cheap public transportation, mild weather, very good internet, Buenos Aires is an excellent choice. Besides, English is spoken widely and people is always willing to understand it and help you.
@@termita358 Can anyone live on $300 a month anywhere,unless it's a poverty stricken country?
A big, big criteria to include would be good medical care available in these countries. If you don’t want to live in one of the large cities which usually is more expensive, has crime, and polluted, how far is a decent hospital? And most of these hospitals must be private which is more expensive.
Good point. Retirees should definitely be considering proximity to a nice hospital and what that means for them. Especially if they need some type of specialist.
I agree, that would be a major decision factor.
Malaysia has great medical care
very good content 👏
Appreciate you 🙏
Great video.
Glad you enjoyed it
The days of a carefree expat living on a budget are over. If you don't have money, they don't want you, if you are from certain countries they don't want you. Many of the countries you mentioned have medical insurance requirements that may be difficult or impossible to obtain depending on your age or physical condition or are very expensive. They don't want old expats who have never contributed, placing a burden on their health care system.
Mexico, Ecuador, Thailand, Panama and the Philippines have all recently changed income or medical insurance requirements or started to enforce existing requirements. Add in the costs of a visa agent or a lawyer ($4000-USD for me in Ecuador), issues with the various banking systems, currency exchange costs and you are talking real money. All these countries are great to visit but living there for any length of time is another story. I have lived in Thailand for 11 years, Mexico for 2 and now in Ecuador for 1 1/2 years and the USVI for 5 years.
As long as retiring in these places is less expensive than retiring in one's home country, they remain viable in my mind 😊🙌
@@NickDemski Actually, it is the ability to remain in the country that is the issue more than the cost of living. All these countries are making it more difficult to obtain a visa and to keep it long term. I left Thailand after 11 years because of health insurance issues. Your visa was dependent on maintaining an insurance policy from a Thai only company.
Gotcha. So, what change did Thailand make after 11 years that made it so you couldn't continue with their health insurance policy that you'd been following for such a long time?
@@user-ki8ls5fl9d Cost of living is going up world wide for starters. Now with visas, I never see visas as long term. Its good for a year or 2 stay but not forever. I always recommend going for citizenship and I know its expensive and lot of paperwork but the outcome is you never have to worry about visa changes. You just focus on cost of living.
Countries are charging more for insurance and healthcare because lot of expats used services and never paid. They are fleecing the system so you cannot blame countries for tightening up requirements. Expats should blame other expats for fleecing the system. Also remember expats do not pay taxes so they are using roads and other services that locals use and pay taxes on. So as expats we can't complain much.
@@longbeach225 in other word, foreigners has ruined many great opportunities, by taking advantage and taking for granted these beautiful countries?
Interesting options. I have been in the Philippines for 7 years primarily on a tourist visa that can be extended for 3 years but now on a work visa for 3 years. USA retired military have a special discount for the SRRV Retirement visa with only $1500 required to be deposited. I have heard that some retired military from other nations have used it also but I do not know the details. I use JRC Visa Consultancy.
R U on SRRV now?
I am in Vietnam. It is good for me because my wife is Viet born so we can get a 5 year multi entry visa. But otherwise Visa is not good for long term. Without the ethnicity ties I would go to Philippines. English is understood and live in the country in a decent town with water/ electricity and internet. You can do Manila but too big and triple or quad the price. You can find a whole house to rent ( maybe only 3-4 rooms but you can use outside as like four rooms. I am talking a house with a wall around yard.
Visit places first before planning a big move.
If you like where you are but it’s expensive, try working part-time in a fun environment.
Costa Rico raised limit of income to $2500
yeah i think we're talking about different programs here...but always double check because prices and programs can change rapidly
Can you produce a follow-up video, as how to move to a foreign country. What kind of moving company, the national regulations and laws for moving out of the United States. And into the specific country.
You can do your own research through their website for each country requirements with local embassy of your citizenship. Each country is different!
@@KhmerMinnesnowta
Yes, that is true. I can do my own research. I was the one that gave a thumbs up. Thank you anyway.
Technicaly speaking you just need to prove to both govt.s that u are not moving to recieve wellfare there - As in burdening the system. The rest depends from where exactly u are from and where you are headed. Some home countries for example require the exact adress and tax number of company you will work with, later also your tax number, but that is different if you want to retire. So in that case, they just need to make sure you have something and youre not about to beg on their streets. Also, u might want to consider wheter you are permanently moving or just for a couple years. If permanently, you might want to opt out of citizenship from the country you are from. That way you only owe taxes and such to one entity, not both. Which is not the case if you just keep the citizenship and go work abroad. Numerous cases in europe where people are now double taxed. Pay attention to that and or keep a financial or tax advisor on speed dial. Much luck.
@@teknastyk
Ahh, understood. Thank you for the heads up, and yes I have my own money.
@Nicky L there are ways that make it out of their jurisdiction if ur willing to go that far. but most likely involves loosing citizenship. At least in europe. If i proove i work and pay taxes elsewhere and provide a address i can literaly opt out of being a citizen of one country in favor of the other. Its like moving from state to state but again, in europe thats called a different country. With a bit different laws and or tax policies. hope this helps.
Any chance you could do an update on this video sometime soon?
Ecuador has just upped their figures to 1250 USD per month or 42500 USD property.
Que Bueno que se enteren Los gringos de otros paises donde se puedan retirar. En mexico esta sucediendo mucha gentrificacion y estan subiendo descaradamente las rentas
Si. Pienso que la gentrificación va pasar en todo el mundo en el futuro. Eso es por que es importante aprender como ganar más dinero en el presente y guardarlo 🙏
Paraguay, even cheaper for Americans with regards to requirements.
look for it in part 2 of this video, upcoming!
Do you own research folks. Visa +financial requirements are constantly changing. Im on a retirement visa in Thailand which has to be renewed once a year plus do immigration reports every 90 days. I checked out Costa Rica a few years back. Its expensive and you gotta put down $60k usd to retire there. Probablys changed since then too. All of these countries are better options than staying in America. Good luck.
Always good to stay updated since things do change! I'll also be making a part 2 to this video to update some places and include others!
Nice video, can you do Bhutan?
Sure, I'm going to make a part 2 and 3 to this video so Bhutan will end up in there for you!
Between Philippines and Thailand , Philippines is better because they speaks English , no problem with Communication . You have 7640 Islands to choose to live.
I am surprised that Colombia is missing in your video. Colombia has been always top 5 countries for retirement in many years. Something changed in Colombia?
Nothing wrong with Colombia, I love it there. It will appear in part 2 of this video!
Don’t think I want to live in any countries filled with drug cartels
Income tax is high!! I already looked.
@@nala3038 Doesn't everyone love the opinions that are 30 years behind the times?
@@nala3038 well, you live in the country with the most drug consumers, don't you?
Thank you so much for this video. It's very helpful. I just liked and subscribed.
My pleasure! I'll be making a part 2 soon, so keep an eye out for that Jodi!
I live in New England Massachusetts,run from this place ...
Funny how people think 1000- 2000$ per month is cheap, when sustainable non debter can live for 5,000 - 6,000$ per year
I agree. $1,000-$2,000 isn't cheap. How and where can people live for $5,000-$6,000 a year?. I heard UK,USA and Australia are the only remaining countries in the world providing financial support. How will people live in any other country if they can't find a job and the government doesn't provide financial support?.
@@fishmongerama you need to comprehend the meaning and how to of being and not taking part , aka non debtor sustainable way of life
@@fishmongerama knowledge and self creation
@@andrewbowlgarte4738 Explain it in a clear,straightforward and simplified way for a layman like myself to fully understand.
I lived in Manila for eleven years. They have a special law in the Philippines for expats. If you spend at least $55,000 on a condo to buy then you automatically get a permanent resident visa. I got it. I bought a condo and then a woman got me the visa. It’s called a ICR quota visa. You don’t need to marry a Filipino too. No. Just get a condo for at least $55,000. I have been all over Asia and the big advantage of living in the Philippines is how English is spoken everywhere. It’s also visible in everything. Like menus etc. The downsides of living there was the weather (hot or warm and humid) and seeing many poor people having to live in a country where corruption is rampant. Also if you are an animal lover (like me) it’s hard to see so many homeless street cats. Like everywhere. The government doesn’t really do anything about it. No neutering or spaying. It’s sad. I would try and help them when I could.
Condos in the Philippines are very expensive and very small, also the construction is sub standard, plumbing has issues, water and power outages are very common, no thanks I'll go to another country.
Power outages, scams, you marry the Filipina or date her you take the whole family, enormous financial burden you'll endure been there, driving is pure hell, most accidents are hit and run you never see a policeman they're all hanging out at the police station, if need medical care emergency you'll have to wait hours then you'll need a sown payment before your seen, infrastructure is Stone Age, dogs, animals who are killed in the street are left there for hours or days before they remove the Caracas when ever you buy anything outside the mall your paying double price too much poverty and garbage in the streets, at night dogs fighting, roosters making noise, karaoke is so loud and late at night you cannot sleep, more fun in the Philippines.
I was able to get a permanent SRRV visa for $3000 plus $400 for an agency to help me. This is because I did a three year stint in the army and could produce my DD214.
@@johntaylor4817 a friend did the same. He helped a family, got ripped off and in the end had to come back to USA for an operation to remove a tumor on his abs. He did not trust the doctors there he said.
@@williamkazak469 as anywhere there are good and bad experiences. My 7 years here have been mostly good including getting treatment for various minor health issues from local drs.