The “Mistake” That Turned into a Happy Life in Panama

“In March 2003 I came on a relocation-type tour of Panama,” says Penny Barrett of her decision to move to the Panama highland town of Boquete. “It was our last stop and I fell in love with it...compared to Michigan winters, it’s like heaven.” Renowned for its year-round, cool, spring-like weather, Boquete sits in a mountain valley surrounded by verdant jungle. It’s an outdoor-lovers paradise, home to hiking, rafting, and exotic birds and butterflies.

A Fantastic Retirement For $1,500 a Month in Cambodia

“The cost of living here is so low that my bills only total around $1,200 a month, without having to budget,” says Brett Dvoretz, who lives in one of the country’s most popular beach towns. “I eat out wherever and whenever I want; a drink runs you $2, and I can have a fresh-cooked meal at a restaurant for as little as $2.50.” Steven King has lived in Phnom Penh, Cambodia’s capital, since 2006, after being attracted by the country’s exotic charms as well as by its fantastically low cost of living.

Moving to Cuenca, Ecuador Saved Their Retirement Nest Egg

“My husband and I were happily living in Arizona in a retirement community when, in 2008, everything changed,” says Patty Grimm. The financial crisis dealt the couple a heavy blow, and they no longer felt they could live the same quality of life on their retirement income. “We knew that if we wanted to keep our nest egg, we’d have to look outside of the U.S. to live.” Six years later, the Grimms are in the high Andes and enjoying an affordable and high-quality retirement in one of the world’s foremost retirement destinations—Cuenca, Ecuador.