Anyone thinking of living, working, or retiring abroad has a lot of choices to make about when, where, and how they’re going to do it.One of the most important considerations is one that a lot of expats I know wish they had given more weight to during their initial planning.
I admit it: when my wife first mentioned moving to Ecuador, back in 2001, I had to check a map. I knew Ecuador was in South America, but I didn’t know exactly where.
The chances are good right now that I won’t outlive my retirement funds. Fifteen years ago, I couldn’t have said that, because 16 years ago I was outspending myself and couldn’t save a dime. Then something big happened.
Ordinarily, I skip over blog posts and emails in which people rave about how lucky they are. Sometimes life deals you a great hand, and I’m all for letting the world know about your good fortune…but I rarely get anything I personally can use out of articles on the topic.
The financial and lifestyle benefits of living, working, and retiring abroad are pretty obvious. If you live in a place with temperate year-round weather and lower prices for food, transportation, rent, taxes, and real estate, you’re going to be more comfortable and save money.
Back in 1997, my wife and I were married in the sunny glass-covered atrium of the Don Carlos Hotel in San José, Costa Rica. The hotel provided a musician who played keyboards and a notary public who handled the paperwork and shared with us the bottle of champagne the hotel included in the wedding package.
One of the first things people say when they hear my wife and I have lived in Latin America for 16 years is, “You must be fluent in Spanish.” I have to admit that we are not, but I don’t feel too bad about that. Here’s why.
I didn’t move abroad for the affordable healthcare. I moved abroad for the adventure and the weather. I wanted to see how other people in the world lived. I wanted a more relaxed, less stressful lifestyle. I wanted warm weather year-round.
Among the enlightened and civilized places in the world—the places I and most other expats choose to live—the basic freedoms of speech, action, and movement are pretty much the same, and for the most part guaranteed by the governments of those countries.
It’s been a few months since my wife, Suzan, and I have been in Ecuador. After living in Cotatachi, high up in Ecuador’s northern Andes, for eight years, we moved to central Mexico to be closer to our three-year-old granddaughter. Logistically, is was a no-brainer.