Recent years have seen the small South American country of Ecuador attract many foreigners to its borders. The low cost of living, diverse geography, and ease of immigration are just a few factors that make this equatorial nation appealing.
If you’ve ever sat at a desk dreaming of owning your own jungle lodge in paradise, look no farther than Wendy Green for inspiration. On the outskirts of Ecuador’s cloud-forest town of Mindo, two hours from the capital, Quito, Wendy runs wellness/yoga retreats on her five-acre parcel of land, complete with three waterfalls and a freshwater spring.
There’s a lot to love about Ecuador—the amazing biodiversity; great weather; the low cost of living. And in the larger cities like Cuenca, where I live, the excellent medical care and cultural amenities are an added bonus. I’ve been kept up to date on the miserable winter in the States through Skype conversations with my two children. Right now I’m looking out the window at blue skies and am looking forward to yet another day with temperatures in the 70s.
My best friend from high school saves $84 a month because I live and work in Ecuador. My sister slashed her dental bills. And I recently discovered a way for family members to double the value of their cell phones…
We’ve already lived in seven communities in four different countries. We’ve had some time to honestly assess ourselves and what we need to live somewhere for more than just a month or two a year. By now we have some pretty clear criteria for what we really need a location to provide.
I can’t give you one good reason why Americans and Canadians are coming in droves to Ecuador…because there are dozens of very good reasons. There are so many that I can’t list them all here…but based on a recent trip there, I can tell you what some of the best reasons to live in Ecuador are.
In our years abroad, my wife, Suzan, and I have met expats who told us clearly that it was their intention to live someplace where they never saw another expat again. Although I admire the spirit and determination of this kind of total immersion, I can’t help but recall what an expat in the real estate trade in Mexico told us many years ago.
I recently watched the Grammy salute to the Beatles commemorating their performance on the Ed Sullivan show 50 years ago. Yes, I was among the 73 million households glued to the TV set on that historic night. A song that Paul and Ringo performed on the show, “A Little Help from My Friends,” got me thinking about how getting things done where I live in Cuenca, Ecuador is so much easier when you are open to the assistance of others.
It’s great to have step-by-step guides, especially for big and potentially complicated tasks. Moving yourself out of your home country to a completely new and different culture…and language…certainly qualifies as a big and complicated task. It involves many more steps than just five, but considering only the preparatory phase—the phase before the actual move—here are five essential steps to take before you move to Ecuador.
But nature abhors a vacuum, and I know of no one here simply staring out the window wondering how to spend their time. During four years of living in Cuenca I have been amazed to observe the many creative outlets foreign residents dream up to be active and productive. Free from the yoke of employment (although many expat-run businesses have sprung up) folks are starting foundations and volunteering, learning Spanish and teaching English, tending animals and growing food, traveling in Ecuador and far beyond its borders.
You have probably heard of Cuenca. It’s Ecuador’s most popular retirement haven, home to thousands of contented expats, colonial architecture, verdant parks, galleries, museums, and plenty of bars and restaurants. But that’s just the city itself. Since arriving, my work with a local tour company has helped me uncover some of the best day trips.
It’s interesting what you get used to—and what you forget about that you used to be used to. Since moving to Cuenca, Ecuador three and a half years ago my wife and I have noted how much simpler our life has become. For us moving abroad and retirement went hand in hand, so we’ve attributed this phenomenon to no longer having careers with the accompanying stress and pressure.
Yunguilla is a long valley that begins just south of Cuenca and ends near the seaport city of Machala. Its elevation ranges from about 7,000 feet near Cuenca down to 4,500 feet at the Santa Isabel side (closest to Machala on the coast). At its highest point, Yunguilla is 1,500 feet lower than Cuenca, which translates to a warmer climate and very short rainy season. Since the valley is oriented east-west, it gets direct sunshine all day long.
Tired of shoveling snow, braving the torrential rain or wrapping up against the bitter cold? If so, check out these top three places to retire for a better climate as ranked in International Living’s Annual Global Retirement Index 2014. With a perfect score of 100 and for the second year in a row, Ecuador comes out top in the Climate category and is the overall runner up in this year’s Global Retirement Index. Lying directly on the equator, it enjoys 12 hours of direct equatorial daylight 365 days a year.
Whether you are looking for a home on the coast, on an island or in a colonial city, these three countries have the best value real estate. If your dream home includes a pool, a big back yard in which to swing from a hammock in the sun, a place close to the beach where you can snorkel, relax with a good book or watch the sunset…rest assured, you can have it—because your real estate dollar stretches further overseas. You can buy a superior property in a better location for the same amount or less than you would spend on a home in the U.S.
It is Christmas morning, and my wife Cynthia and I are celebrating the joyous occasion with our daughter’s family in New Jersey. Tomorrow we fly to North Carolina to do it all over again in the home of our son. When we moved to Cuenca, Ecuador three and a half years ago we had no grandchildren. In the space of 19 short months we experienced our own private “baby boom” and today we have three (and counting?).
“So why did you move to Cuenca, Ecuador?” Even after three and a half years I’m often asked this question, and there are many answers—the low cost of living, temperate climate, proximity of the U.S., excellent medical care, and the wonderful mix of historic architecture plus modern conveniences.
After doing some research online, which included International Living, I moved to Cuenca at age 54. I planned to travel throughout South America, but I just loved it here, feeling no need to go farther south. Then, six months later, at age 55, my teacher’s retirement kicked in, so I could qualify for a pensionado visa, living off my retirement income.
Are you sick of the rat race? You know the routine…get up, shower, have breakfast, leave the house, get stuck in traffic, put in long hours at the office. Get home, go to bed and do it all again tomorrow. Are you ready for retirement…but looking at your savings you know retirement is out of the question? Here’s how to survive a retirement crisis. You can live a richer lifestyle for less overseas. Many expat couples can live a very comfortable life on a budget of between $1,500 and $2,000 a month…
In the following five countries you will pay less for health care than you do at home. And the quality is at least as good…in fact, many expats say it’s better. Affordable health care isn’t the only reason to move overseas—but it makes the move more attractive. You can get great quality health care for less abroad, lowering your monthly expenses. Panama offers excellent quality health care and modern hospitals in Panama City and other large towns or cities…
The very thought of moving abroad seems like such an adventure, doesn’t it? The world is full of so many intriguing locations. Which country would you choose? Which city? If you actually pull the trigger and relocate, then the adventure truly begins. Everything is new, exciting, interesting, frustrating, and exhausting all at once. You’re meeting new friends—maybe learning a different language—adapting to a foreign culture, and exploring surrounding areas.
Ecuador has an abundance of restaurants offering cuisine from around the world. Here, our guys on the ground give you their friendly recommendations of five of the best places to eat in Ecuador.
When you move overseas, most things cost less. Health care is cheaper, beachfront property is cheaper and flights are cheaper when you qualify for a retiree program. You can even enjoy a symphony performance for far less than in the U.S., and have a better quality of life for less. Here is a list of five items that are cheaper overseas.
Cuenca, Ecuador’s third-largest city and the economic center of the southern sierra, is well known for its colonial-style architecture, beautiful surroundings and low cost lifestyle. Popular with tourist and expats alike, it is no wonder that Cuenca has made appearances on the best places to retire list. It offers the best city living in Ecuador.
It was Christmas vacation 2009. I turned on my computer and clicked on Yahoo where a headline caught my attention: “The Top 10 Places in the World to Retire.” I had never heard of the number one city listed, Cuenca, Ecuador. But as I perused the other nine cities, I found something wrong with each of them. They were too hot or too cold, or hot in the summer and cold in the winter, which was just what I wanted to leave behind in Chicago; or they were too far from the U.S.
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…
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.
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.
For every substantial, bricks-and mortar business set up by an expat overseas, there are hundreds of small enterprises that people operate from their own homes with very little investment. Within a year of starting their micro-enterprise overseas, Jim and Mariellen Wiemann are making a profit and supplementing their retirement income. “The business allows us to purchase the things we might otherwise not have. We are planning some vacations abroad, and the business will support those adventures,” says Jim.
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.
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.
My wife and I just returned from a three-week trip to the States to visit our family. We babysat the grandchildren, ate some wonderful meals out, and purchased clothing and other provisions to bring back. We have lived in Cuenca, Ecuador for three-and-a-half years, and with each journey (there have probably been more than 10 by now) we come to appreciate more and more how fortunate we are to embrace the best of both worlds.
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.
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.
Real estate prices in Ecuador are low—among the lowest anywhere. That means you can find some of the best bargains in the world. So if you choose this country, you may decide it makes sense to buy a residence.
For the last three years, I’ve lived in Cuenca, Ecuador. During that period I’ve experienced a profound transformation in the way I approach life. This beautiful mid-sized colonial city has a special magic to it. Shy vendors in our open mercados…
Out of all the countries International Living writes about, one in particular shines. It’s topped our Global Retirement Index—our pick of the 22 best countries to retire in the world—five years in a row…has a temperate climate year-round…offers a higher quality of life at an affordable price (cost of living can be as low as $900 a month)…and has a city, town or village to suit every taste or budget.