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Re: What’s the downside of leaving the U.S? 

By: Fiz in 6TH POPE | Recommend this post (1)
Sun, 14 May 23 6:32 PM | 29 view(s)
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Msg. 42530 of 58578
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Only today did I read the ecuador article I linked. It sounds even better than I thought! I've never been there..now I want to assess it for myself!

Part of why I think it might be a good place, in addition to its near lowest cost, USD use, and permanent residency plans, is that it is SOUTH of Columbia. I am thinking/hoping that takes it out of the drug-cartel trade conduit which passes through all of the countries further north (including ones considered relatively safe, such as Panama and Costa Rica). But I will need to check it out in person; hopefully this summer. I've got a lot of travelling planned for later this year, to check out various countries for general vibe/ability to socially handle hard times without going feral.


Excerpt:

"Living in Ecuador

Ecuador's infrastructure has improved significantly over the past decade. Important infrastructure improvements include a new airport, a new train service in Quito, a new tramline in Cuenca and greater access to high-speed internet throughout the country. Health care standards continue to improve, while costs remain a global bargain. ,B>A specialist visit costs about $38, and a hospital stay costs from $110 per night for a suite or from $60 for a standard room.

Ecuador uses the U.S. dollar as its currency, so retirees who have savings in U.S. dollars or a U.S. dollar-based income don't have to worry about the changing exchange rate.
Expats in Ecuador

Cuenca is home to one of the biggest and most established expat retiree communities in the world. In Cuenca, you will meet plenty of other English-speaking expats who have made the transition to living in Ecuador and can help you acclimate to retirement overseas."


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The above is a reply to the following message:
Re: What’s the downside of leaving the U.S?
By: Fiz
in 6TH POPE
Sat, 13 May 23 10:35 PM
Msg. 42502 of 58578

CTJ: if I was serious about moving I would look, first, at Ecuador. Ecuador will give you permanent residency, with a path to citizenship (something very valuable in the long run) in return for spending as lttle as $50K on a piece of property. I think they also have an even cheaper pension program, where your social security, alone, will qualify you.

Oh, I was wrong. It's easier than that:
"Recent changes to the law have made it easier to establish legal residency in Ecuador. The minimum income requirement to qualify for Ecuador's pensionado visa was recently lowered to one month's minimum wage, which is around $400. You might also be able to qualify for residency through the country's investor visa program, which requires an investment of at least $40,000 in either real estate or a local bank certificate of deposit."

http://money.usnews.com/money/retirement/baby-boomers/articles/how-to-retire-in-ecuador

Let me know if you are going. Maybe we can go together and get a package deal! ;->


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