Ecuador: The Hidden Paradise Where A Couple Can Live Comfortably On $2,000 a Month or Less
Sell your winter clothes...and get ready for the adventure of a lifetime in the Land of Eternal Spring. Every cliché you've heard about living large on little...on even a retiree's budget...is true in Ecuador.
Ecuador lies in the Northwestern corner of South America, bordered by Colombia to the north, Peru to the south and east, and the Pacific Ocean to the west. At just 175,807 square miles (about the size of Nevada) Ecuador’s small size belies its incredible diversity.
The Andes Mountains form Ecuador’s backbone, and from the top of Mount Chimborazo at 20,600 feet (6,310 meters), the mountains descend on the east to dense tropical rainforests and on the west to balmy Pacific beaches. In between, you’ll find more climates, cultures, and natural wonders than almost any place on earth.
Envision your dream location—an unspoiled beach, a bustling city, university town, quiet mountain village—Ecuador has them all. Choose the place that’s right for you and start enjoying a better quality of life now.
The World’s Best Retirement Haven
In fact, Ecuador has been ranked as the best retirement destination in the world six times in the last seven years due to its exceptional quality of life and affordable cost of living in International Living’s Annual Global Retirement Index.
Fresh fruits and vegetables—clean air and water—year-round temperate climate—no wonder so many expats living in Ecuador say they feel better than they have in years.
Medical care in metropolitan areas is top-notch with costs a fraction of what you would pay in North America. And now all residents of Ecuador are eligible to join the country’s Social Security healthcare system with premiums of less than $80 a month for a couple.
Ecuador offers special benefits to residents aged 65 and older. Public transportation is half price, airfare (even internationally) is significantly discounted, and seniors receive a monthly refund of sales tax paid. Plus you get to go to the front of the line at the bank and grocery store!
Whether you want to live, invest, vacation, retire, or simply relax in Ecuador, you’ll find the perfect combination of climate, culture, and affordability to make your dreams come true.
Book your flights and come take a look at all that Ecuador has to offer. The retirement life you’ve dreamed of is here waiting for you.
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There are many benefits to moving overseas: the weather is better, your quality of life will improve and you will always have something to do. Here are a few quick questions that you should ask yourself before moving overseas. 1. What type of weather do you like? If you don’t like the snow then you should…
With the divisive and toxic nature of U.S. politics these days and the associated economic impact, I understand those who might wonder about our motivation for packing a few suitcases and moving to Ecuador’s coast nearly 18 months ago. While politics and the economy had definitely impacted our lives, our reasons for seeking a life outside the United States had nothing to do with political disagreement.
In the Kisama Heritage Village in Nagaland, northeast India, the Hornbill Festival is a huge celebration of the indigenous warrior tribes of the region. Taking place between December 1 and 7, the festival is named after the Indian Hornbill, a large and colorful forest bird. You’ll need a government permit to visit, but it’s worth it to experience the beauty contest, archery, wrestling, and lots of singing and dancing.
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A patchwork quilt of blue-green grass stretches before you, complemented here and there with splashes of fuchsia, lavender, coral, bright yellow… The unmistakable aroma of eucalyptus hitches a ride on a fresh breeze, accented by wood smoke that you can just spy wisping its way out of a red-brick chimney poking from an adobe-walled casita, barely visible on the mountainside far across the way.
Three years ago I was working up to 60 hours a week as a public-school teacher in San Diego, California. The stress was killing me and depleting my joie de vivre. I didn’t want to work until the day I died, so I decided to escape the hectic and unaffordable U.S.
Winner of the 2013 Global Retirement Index, Ecuador offers sophisticated historical cities…miles of unspoiled, sun-kissed beaches…fertile farmland…and temperate mountain hideaways…and all of it for pennies on the dollar. You can live well for a fraction of the cost of living back in the U.S. And with Ecuador’s official currency the U.S. dollar, you needn’t worry about complicated currency calculations or exchange risks.
In Ecuador, there’s something for everyone…from the die-hard adventurer who wants to follow the path of British mountaineer Edward Whymper up the slopes of 20,702-foot Mount Chimborazo to those who want to learn firsthand why Charles Darwin’s 1835 voyage to Ecuador’s Galapagos Islands is called “the most famous few weeks in the history of science.”
Ecuador is famous for its colorful festivals and every town in the country has their own traditional celebrations and events throughout the year. Here are our five favorite festivals, taking place over the next couple of months, where Ecuadorians celebrate in style with fireworks, drinking, music and dancing.
When we told our closest friends that we were retiring to Cuenca, Ecuador their first words were, “Wow, that’s really thinking outside of the box!” When it came right down to it, we were trying to figure out how to survive on my husband’s pension from UPS and pay for our medical insurance premiums without both of us having to work full-time until we were in our mid-seventies.
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When I asked my Facebook pals what they liked most about working for themselves I expected to get answers about no stressful commute, no office politics and other annoyances they had left behind. Instead the replies looked like this:• “Having customers from around the world; I never realized I could be a global entrepreneur.”
Ecuador has been at the top of so many international retirement indexes and lists in the past few years that folks are beginning to wonder if there isn’t some kind of conspiracy at work. After all, how can a single country meet every one of the requirements that retirees are looking for overseas? Simple answer—it can’t. No place can.
On Tuesday, I will open my Ecuadorian bank account. No big deal; just a savings account with an ATM card. So, why am I so excited? When we arrived in San Vicente, Ecuador nearly 18 months ago, my wife Diane and I were as prepared as we were able to be, which is to say: we had a lot to learn! We had done our best to get ready for our transition, while attending to the myriad tasks necessary when making an international move.
It’s possible to pursue your hobby and bring in some cash before and during retirement. These hobbies can help you to fund your life as a retiree overseas. If you’re dreaming of an apartment in Paris…a beach house in Ecuador…a farmhouse in Italy…and the only thing holding you back is lack of capital…then read on. Your interests can turn into a career that you love…
A lot of folks look forward to and truly enjoy the change of seasons. Spring blossoms…the warmth of summer…fall foliage…bundling up in winter. I would not be included in that group. I’ve never been a fan of cold weather. Whenever it snowed I enjoyed walking around and throwing snowballs for about an hour. Then I was ready for it to go away so I could put on a bathing suit.
I had a cute house with a backyard, a great job, a wonderful marriage, and two beautiful little boys. I was living the American dream, but it didn’t feel like it. The long hours at work meant I didn’t have time to enjoy gardening in the backyard. Our sons Diego and Dante spent more time in daycare than with us. My husband and I were once so stressed that we both forgot our wedding anniversary.
My fiancé and I headed out for a double date with friends in the States recently. We were visiting Florida, and our friends wanted to get our opinion on the authenticity of a new Peruvian restaurant. It was very good and very close to the real thing…right up until the check arrived! Our half of the evening came to $70—but in Cuenca, Ecuador, our home overseas, a similar meal would have been less than $50…for all four of us.
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According to Fidelity Investments in 2012, those aged 55 and older had an average balance of $143,300 in their 401k account. But is this enough to retire on? Maybe not in the U.S., but retiring overseas can be much more affordable than retiring in the U.S.
You’ve got the options of a cosmopolitan lifestyle in cities like Quito, Cuenca, and Salinas… or a more quiet existence in any number of smaller enclaves where you can garden with a view. And your choices extend to the kind of home you’d like as well—from the convenience of a modern high-rise condo…to the space afforded by a single-family home with a yard…to raw land on which you can build your dream escape.
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Winner of the 2013 Global Retirement Index, Ecuador offers sophisticated historical cities…miles of unspoiled, sun-kissed beaches…fertile farmland…and temperate mountain hideaways…and all of it for pennies on the dollar.
When my wife, Suzan Haskins, and I moved abroad 12 years ago, we had some decisions to make. We owned a large house and garage full of the usual collection of furniture, cookware, tools, books, rugs, electronics, knickknacks…all the flotsam and jetsam of American middle-class life.
Many countries overseas provide retirees with special benefits, but the two that have taken the top spots in our Annual Global Retirement Index 2013 really take care of their retirees. For retiree benefits, Panama holds top place, as our Panama editor, Jessica Ramesch reports in this year’s Retirement Index.
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Many who were on the fast track to retirement have now seen their retirement savings depleted and their plans sidetracked. Many wonder if they can retire at all, much less earlier than planned.
With a few simple strategies and ideas there are a couple of ways to salvage your retirement plans.
Cuenca is known for its rich intellectual and artistic traditions that match its colonial architecture. It is famous for its colorful festivals and is one of three UNESCO World Heritage Sites in Ecuador. Located on the southern edge of the mountains, Cuenca is Ecuador’s third largest city. Here foreigners have the same rights as citizens to own property…and real estate in Cuenca is a bargain.
Location is a huge part of success in business…particularly when you’re dependent on foot traffic. When Cody Leigh Brown of Montana decided to set up a tea shop in Ecuador, she chose Cumbayá, a fashionable suburb of Quito, as her location. It just happens to be home to the Universidad San Francisco de Quito, where more than 5,000 students are enrolled.
The average U.S. Social Security check is $1,230 a month for a retired worker. That may not seem like a lot–but when you retire overseas you can cut your cost of living. Below are stories from expats who did just that.
First-World cities packed with ultra-modern amenities, and ancient vineyard-shrouded hill towns close to tropical beaches and mountain valleys. Among the top retirement spots in the world this year, you’ll find great variety in the cultural offerings, climates and lifestyles. Each destination is desirable in its own way, but they all offer something increasingly hard to come by at home: A good quality of life for a reasonable price.
Many places all over the world have great climates, but those that took the top three spots in our Annual Retirement Index 2013 are three of the best. The country taking the number one spot not just in the climate category but overall in the Retirement Index lies directly on the equator. It enjoys 12 hours of direct equatorial daylight 365 days a year.
When I first arrived in Ecuador in 2001, a local friend told me that “money is made in Guayaquil and spent in Quito”: Guayaquil being the commercial center of Ecuador and Quito the country’s governmental center.
Brilliant yellow sunflowers, lush green ferns, banana, papaya and palm trees…the Vilcabamba valley is a nature lover’s retreat. You’ll see soaring vultures, vivid black and red tanagers, and small powder-blue finches that flit from tree to tree.