Retire overseas on $1,200 a month

You can live well -- even in luxury -- if you're willing to leave the US. Yes, it's a big move, but here are 5 places where a Social Security check goes a long way.

By Liz Weston

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VIDEO ON MSN MONEY

56Comments
May 17, 2012 9:35AM
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I'm living on my 1200 bucks a month SS. I always have been fairly carefull with my money, my house is paid for  and I have no bills except the monthly typical bills .So far health is ok, I'd hate to have to leave the country to enjoy my "golden years" if things get too tough after the repubs rape the SS system we can always just pop one of them and get free room and board and medical in one of the wonderfull American prisons we have ...
Apr 16, 2012 6:56PM
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I have my retirements locations to be flexible and Open because everything changes over time

and our needs can be different through our retirements Due to mainly Health and financing .

I think the Best place is for me feel comfortably Happy whether in the States or Oversea .

 

Mar 12, 2012 9:13AM
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Hello everyone. I am a U.S. citizen (Oregon) who has retired early and have been living in Chile for the past 4 years. I live on the central coast,just a couple of hours west of Santiago. I love it here and can say that one can live well, here, on your social security check. If you are interested in knowing more about Chile, I have a website :  retireinchile.cl  Thank you in advance for visiting my site.
Feb 22, 2012 5:02PM
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I have worked and lived in Colombia and Brazil. I have visited a lot of the retirement haven places in
this article.. Common Sense is your best defense.. If you are out after 11pm walking around and stick out from Locals there is a good chance someone might take a chance on robbing you. I never walked around
always took a taxi if out late and was always aware of where i was and what was going on around me.
If your out drinking and loud like many US people can be, people watch you and you become a target. 
in 5+ years in these countries i never had a problem, but don't think it cant happen..!

Feb 8, 2012 7:27PM
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I retired in 2003 on a pension of only $1400. a month, and 7 years later i decided to move to the Philippines to live with my wife, and living on that amount is not bad here.  I did something here that i could not even do living in America and that is purchase a brand new home for only 4.6 million peso ($86,000.).  Your money goes a long way here.  Some people posted about crime, hey, there's crime everywhere,  you take the bitter with the sweet. 
Apr 27, 2011 5:26PM
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About Ecuador, My wife sister is married to a man from there and they went down to visit his family. Twice in one week they were mugged...One time, she told the robbers to take the kids with him also..he left with no money...The point is; There is crime there an a American is a prime target.
Apr 27, 2011 5:05PM
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as certain as our world rotates, we should as well, it shoul;d become as a huge holliday hotel complete with folks from evertwhere to meet, shouldnt we make this an affordabl;e feat we would have no meaness upon any street,we could work together having our lifes our greatest treasure rotation of thought about a world we have naught, but should you know get it together we could.......

Apr 27, 2011 4:43PM
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Love how people try to blame Obama...this has been going on for years. My understanding is that our SS payments go into the general fund - thought I heard GW used them for Iraq...my father paid into SS since it started, died right before his first check came back in 1972, SS chipped in $250 to help bury him...wonder where the rest of the money went? I've paid in for a long time...I will get a $500 pension from my employer so SS will cut my payments by - guess what - about  $450 a month...you can't win for loosing. I do wonder how I can live on $850 a month - but the government seems to think I can - and this was BEFORE Obama took office......
Apr 27, 2011 4:38PM
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I've heard some of the Eastern European countries are a good choice but there still could be a language problem. A high percentage of educated people do know at least some English and there are people who will pay you to speak American English with them - good job for retirees for a bit of extra income overseas...my British son-in-law recommended Croatia...
Apr 27, 2011 4:38PM
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I agree, we are under the poverty level, but to be covered by medicaid, we would have to be living in the states. Catch 22, as we cannot afford to live in the states with the same level of living as we have here and we have medical coverage here. If we lived in the states, it would cost us more than $300 deducted from our SS check to cover medicare, leaving us an income of $820/mo. Our combined medications, we are old folk, costs us about $140/mo. here and in the states, just triple that amount, leaving us with $400/mo. for food, rent, and all of the other daily living expenses.

Apr 27, 2011 4:25PM
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Funny unless you work for the government Obama policies are going to  force people to retire on 1200.00 a month in different countries. Well i guess thats not so funny.......
Apr 27, 2011 4:19PM
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correction...killed in other counties..
Apr 27, 2011 4:14PM
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After reading the comments ,I must admit you gave me a chuckle ! Yes travel when you can but our home America is the best ! We may have obstacles from time to time,take another road, don't get stagnant live within your means no credit card debt nice living. we have freedom of speech, we can pray where we want  priceless, did you know people get killed in our countries because of their beliefs and you have to worry about kidnaps in other countries some hates us some think everyone from America is wealthy  they will kidnap you for random! No thaak you when I put my head on a pillow n call it home it will be the best country in the world "America" the Beautiful !
Apr 27, 2011 2:43PM
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qtip, i think you have to stay within your state to keep geeting that 99 weeks.  plus show a history of job searching.

I can pretend to look for work online.  How will they know if I leave the state?  I could make it back for an appointment or two if I had to, but 99% of it is online now.

Apr 27, 2011 2:42PM
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Island Hopper, considering you are living on only $1200 you no doubt would be covered by medicaid...... Condidering you used the word..WE.. which gives the impession that combined SSI is  the $1200 and would be only $14,000.00 and thus under or at the poverty level.

 

On the other hand perhaps those who have a spirit of adventure should excercise this spirit of adventure in their youth...... as it is said 'travel broadens the mind'. 

 

I could never understand why many more young people do not want to follow the higher paying jobs...outsourced overseas.

When they return to the USA they would be able to better assess the standard of living in this country..... and no doubt find it lacking. 

 

This would also enable them to knowledgably  put more pressure on polititians to better the living/societal standards here at home... instead of believing these politicos who keep saying that we have the best standard of living in the world..... when it is they the politicos who have the best standard of living in the world and not the masses..... LOL

 

Ah...to be blinded by political rhetoric and false (country) pride .... as we are crushed to insolvency by hitherfore uncared for/untreated illnesses, diseases that become more costly to treat as the illness/disease gets worse etc and dropped by the for-profit health insurance companies.....and as we watch our homes float away under us,,,, so underwater they are and us not having any scuba gear....LOL

 

And all those section 8 housing now turned into high priced condos..... the streets, parks, under that bridge, over that grate..... here we come..... But we have the best standard of living in the world... LOL HotSmileOpen-mouthedWink Island with a palm treeMartini glassParty then reality Baring teeth = SurprisedBroken heartSadConfusedDisappointedCrying

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Folks might do well to consider a retirement home here in Maine before heading off to a far of jungle to rest their bones. We have relatively low home prices, taxes and services available. Many of Maines current residents live quite comfortably on fairly limited resourses and have a standard of living that greatly exceeds most of the destinations noted in the above article. Also, we have four seasons....and yes, many seniors still enjoy skiing, snowshoeing, ice fishing ect. and I can promise one thing...you wont find that in central America...i'm at hotmail . com if you would like more information on great maine properties for sale.

Mike King

Apr 27, 2011 1:41PM
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Olzapato  You are fortunate with such a nice income and able to live in the states. We live on $1120/mo. SS and that is only because we declined medicare which would have cost almost $100/mo. for each of us. Not everyone is as well off as you and living in the states is not an option for too many of us, even with zero debt..
Apr 27, 2011 1:32PM
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It really is a shame that people get down on this who have no sense of adventure, interest in other cultures or (apparently) the capacity to at least try and learn a new language. If you love America, stay here. No one is telling you not to. This is a fun slide show presenting a different option. And clearly, if anyone is seriously considering it they'd have to do more research than just this slide show.

 

It seems a lot of posters on this thread assume that everyone SHOULD and WANTS to stay in America. I'm sure there are people who would love to live in another country for a few years, to have an adventure before they're too infirm to travel and experience new things.

 

Personally, I don't understand the myopic view that America is "THE BEST!" and one should stay here, at all costs, living the same day over and over and over and over and over and over and over again.

Apr 27, 2011 1:21PM
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It can not be done for 90% of the people in today's conditions brought down on us by the government only the government employees can do it from top to bottom for they have all of out money (as much as it is).
Apr 27, 2011 12:53PM
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My wife and I looked into this 15 years ago when I retired Mexico is-ant the place to go  Florida?
so we stayed in Michigan my ss is $1579.00 mo +$67.00 my wife get $670.00 we had no liabilty
for 15 years, but now have bought a car and are doing just fine house is paid for no credit card debit no revolving accounts no charge cards, I think this is the way to go if you plan it is not too hard,

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