Best Countries To Retire To (2 of 2)

Panama

If you’re looking for somewhere a bit higher class, one place to consider is Panama. It’s got gorgeous beaches as well as thriving economy as well. Best of all, the cost of living is still relatively low. If you can make $2,000 every month, that can cover modest living costs. The temperatures are quite nice as well thanks to the ocean breezes as they keep the sting of year-round hot temperatures down. You’ve also got access to an active expat community who gather for various events to keep you active. You’ve got movies, music festivals and other outdoor adventures. And if you think the price is a little too steep for you, do consider looking into Visas. Panama offers discounts to retirees who have a Pensionado Visa

Colombia

If Panama was hitting the right cords for you for an upscale living but you’re a touch short on cash, a good alternative is Colombia. It offers a high standard of living at some low costs, making it perfect to retire to. To put it into perspective for you, spending anywhere between $1,700 and $2,200 will give you access to upscale apartments, fantastic cleaning services, and you’ll still be left with a good chunk of change for groceries and other activities. The climate is also a huge blessing as the great year-round weather will ensure that your utility bills are going to be pretty low as well.

Ecuador

For a more carefree lifestyle, there is Ecuador. It’s got lazy coastal towns, nature-filled views, and fantastic hot spots for those wanting to lounge and bask in the view. What is also nice about Ecuador is that it’s one of the few where you can pick and choose which climate you want by going up or down in altitude. One strong point that makes Ecuador appealing as well is you can effectively remove some large costs from your life. Take vehicle costs. We know that maintaining a car or even buying one is expensive in the United States. In Ecuador, owning a vehicle is practically meaningless thanks to public transportation costs. If you need a bus ride it’ll cost .25 cents. To take a cab it’ll run roughly $3.

Portugal

Another country that has warm weather and offers a lot of residency options and amenities. It’s ranked one of the third safest country in the world and for good reason. There is a wealth of communities for expats and the cost of living is quite low too. Couples can live comfortably here for as low as $1,500 every month, and residents get access to a fantastic healthcare program.