9 most affordable retirement spots in the world

These cities boast a low cost of living, a foreigner-friendly vibe and plenty of retirement amenities.

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191Comments
Jun 29, 2014 3:51PM
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the sad fact is that I blame the US Citizens for the problem we have with our politicians


left & right - if we keep re-electing the same type of politicos the issues in the US will never change (or get better)

however  - the politicos have us right where they want us - blaming the left or the right vs. looking at the real problem -


corrupt politicians

Jun 20, 2014 6:43AM
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If non-U.S. destinations are so desirable for retirement, why are so many immigrants - legal and illegal - coming to the U.S. ?


Jun 29, 2014 6:46PM
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It's sad that retirees have so little value in the US. that they feel they need to leave to have a decent quality of life.  Our government would be happy to take away benefits if they could. The whole attitude is just wrong.  We afford ridiculously expensive wars and boondoggle projects but seniors have to be coupon clippers and stay-at-home scrimpers until they die.
Why should that be?

Jun 20, 2014 9:24AM
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I'm a retired senior. I find the cheapest place to live is the good old USA. Even with all of it's problems that the media claims we have - it's the best place to be. It's still a big country.
Jun 20, 2014 8:59AM
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Viet Nam ?? Visited there in the 60s,people were not friendly at all, don't want to retire there thank you.
Jun 29, 2014 6:11PM
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I was in Vietnam 69 to 71.

Retire in Vietnam?

No thanks.

Jun 29, 2014 4:28PM
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I would consider Belize, Ireland and France but nothing in Asia or Central/South America.  I wouldn't want to live in a country where the threat of a revolt or over throwing of the government is a possibility. There is also the factor of the criminal element in those countries as well as in the Central American countries where there's an issue of drug lords.  When I retire, it's not just about where its cheapest to live, but where I can feel safe.
Jun 20, 2014 11:21AM
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I'd never move back to the U.S. I left most of the problems up there, except for my heath problems which only took part of a container load. The U.S. is full of witless supporters of the current administration and I had no desire to associate with them. I moved at age 70 and dropped Medicare as soon as I got my residency. My ties to my country of origin become looser everyday though I doubt at may age if they will ever be broken. I have more freedom, great low cost medical and dental care, and a government insurance plan for backup, as required for residency. The people are much more polite than in the U.S., the people happier and a stress level much lower.
Jun 29, 2014 3:43PM
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Having lived in Ecuador for the last 22 months, I can say that it is not so cheap to live there. All this media attention is a lot of mis-information. Yes, it can be cheaper than living in parts of the U.S. but remember that you may want to do more than just sit and enjoy the views from one part of that country. It costs money to travel, even within Ecuador. I was a resident and should have been given breaks on a lot of travel options but they wanted to know what passport I had and when I said the U.S. all those "legal" breaks and discounts went out the window. Is that illegal-sure, but who are you going to call? Also, Villcabamba is near Loja and lots of ex-pats have flooded into that area and the locals aren't too happy about it, especially with folks buying up their inexpensive land and then re-selling it at huge profits. Anyway, U.S. natives go, we seem to alter that landscape and it is true with all of these destinations. Lots of time when enough of us show up, the impact is negative. Wherever you go, learn the language, as you will be ever so slightly less likely to stand out.
Jun 19, 2014 10:39PM
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I echo Bob.....
Not in these cities! 
TOP 10 POOREST CITIES
What do the top ten cities with the highest poverty rate all have in common? 
Detroit, MI (1st on the poverty rate list) hasn't elected a Republican mayor since 1961; 
Buffalo, NY (2nd) hasn't elected a Republican mayor since 1954; 
Cincinnati, OH (3rd) hasn't elected a Republican mayor since 1984; 
Cleveland, OH (4th) hasn't elected a Republican mayor since 1989; 
Miami, FL. (5th) has never had a Republican mayor; 
St. Louis, MO (6th) hasn't elected a Republican mayor since 1949; 
El Paso, TX (7th) has never had a Republican mayor; 
Milwaukee, WI (8th) hasn't elected a Republican mayor since 1908; 
Philadelphia, PA (9th) hasn't elected a Republican mayor since 1952; 
Newark, NJ (10th) hasn't elected a Republican mayor since 1907. 

Einstein once said, "The definition of insanity is doing the same thing over and over again and expecting different results." 

It is the disadvantaged (define that however you will ) who habitually elect Democrats --- yet they are still disadvantaged after all these years! 
Jun 29, 2014 3:39PM
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During my working life, I traveled a great deal. And all over the face of the planet, too. I've seen the good, the bad, and the ugly. At one point, I decided that the best place for me would be Malaysia--that was 10-years ago. Well, that peachy-looking golf course retirement spot just isn't what it used to be. Poorly managed, maintenance issues, and promises unfulfilled. It would have been a disaster for me.


Stay at home. At all costs, stay home. Life is what you make of it, anywhere in the good ol' U.S.A.

Jun 21, 2014 3:12PM
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Its a very odd and sad world where people aspire to retire away from the United States because that is all they can afford after a lifetime of working.  I don't know if its possible for everyone, but hopefully most young people today have the opportunity to at least plan for the fact that they need to put away a higher percentage of their income.  I am 36, not young but not old either, and I have every intention of retiring in the United States, hopefully in warm weather.  Personally to prepare for what I will need I have made some changes to put more money away.  This is the best of what I have done:

1. I eat out  at least 1 less time per week, This saves 50-$100 per week minimum, and if you skip fancy meals it saves even more.
2. My company saves 5% in a pension plan for me.  I also put away 6% in my 401k, and I get a 3% match.  It isn't the full 15% that experts recommend saving for retirement, but it is close.
3. It's embarrassing to admit what I was paying, but some hotshot financial advisor sold me this life insurance policy for $290 a month.  I understand it saves a cash value, but it was ridiculously expensive, and I can get a higher return investing that money in other places.  After doing some research I realized that you can get Term policies for the same coverage online for way less.  I got mine from Life Ant Insurance and it only costs about $14 a month.  At least the wife and kids are protected if something happens to me.
4. I got rid of my financial advisor, and switched all my funds to low cost Vanguard investments.  Over time between fund fees and financial advisor fees I will hopefully accrue an amazing amount of more money.
5. I was able to negotiate a better deal on both rent and cable.  I didn't even know that cable companies negotiate with you until my friend told me.  Between the two I save an extra $55 a month.  Not huge but over time its going to add up big time.

Who knows maybe costs will keep rising.  But if I can't retire in the US with all of that then we have bigger problems than retirement location on our hands. 

Jun 21, 2014 9:38PM
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My most budget friendly retirement locale is right here.  It is the only place in this world that I have a paid-in-full house and as AirGranny expressed, this country has some problems to solve, but I love it here.  The more I plan, the less I'll be dependent upon or subjected to political whims. Just a few years away from not only a domestic retirement, but an early one!  Feels great.
Jun 20, 2014 10:45AM
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I will be leaving this country when i retire, taking my money with me.  these days the usa is changing for the worse wveryday. especially with captain clueless as president. i will retire well and live well in a more temped climate and hae good food and more freedom. this country is going to heck, too many reguations , laws and lawyers. then the people who vote for handouts where the irs ( insert laughter) steals from the working man to share the wealth then others deem the deserve.
Jun 29, 2014 5:15PM
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 Philippines is good. English is very commonly spoken, taught in all schools by law. Its cheap, its warm, and they like us there.

 Americans who are used to constantly looking over their shoulders and having to watch every word uttered, will be amazed how free life can be. It has not been destroyed by liberals yet.

 It is also the only Christian country in Asia, its full of very pretty ladies, and Filipinos are renowned for their friendliness.

 It does not apply to most retirees, but its also a fine place to raise kids.

 Dumaguete was mentioned in the article, but there are plenty of other good places in and around the smaller cities. Davao, Baguio, etc.

 It is said to be a poor country, but everyone hustles, and even Manila is not bad. No matter where you choose there, you can insulate yourself from most of the negatives simply because you have better financial resources than most Filipinos.

  

Jun 29, 2014 5:19PM
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 Most of these countries have some very serious issues one should consider before making the jump to retiring there. Do you really want to be the rich American in countries rife with high crime related to the drug trade, civil strife and ethnic unrest, extreme poverty, human trafficking and the lack of basic legal protections? 
Jun 29, 2014 8:31PM
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I've lived in Peru for four years now and can't figure why it doesn't make any of the retirement lists.  It's inexpensive, health care and meds are cheap, the food is great, all natural and fresh and it is safer than the US.  I don't need a car and I live in a city of about 250000 people and really love it.
Jun 20, 2014 1:02PM
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These places would not even be on my list of places to visit..... Certainly not to live.
Jun 29, 2014 11:28PM
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The big problem I have with retiring overseas is that I have relatives.  Have these ex-pats no children, grandchildren, siblings, parents?   Does the reduced budget include travel expenses to enable the retirees to go home for holidays, births, deaths, graduations, etc.?  When your first great grandchild is born, neither email nor Skype can make up for missing the experience in person.  And if you have an aging parent, do you simply dump all the responsibility for helping to ensure their quality of life just so your food and rent is lower? 


Bottom line, there's more to life than a low cost of living. 

Jun 29, 2014 9:07PM
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If I could afford to move for retirement it would be either to Ireland, England, Canada or our good ole North Pole, AK!
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