10 Countries Where Retirees Live Large
The benefits offered to retirees beyond the three-hour flights back to see the kids are fairly substantial, especially considering that expats living on beachfront property can do well here on less than $1,500 a month. The scuba diving, fishing, sailing, kayaking, snorkeling and surfing are lovely too. But even Honduras can't top the last entry on our list:
This basically is Florida or Arizona for the expat community. The country's retirement benefits package includes 50% off transportation, utility bills, international round-trip flights originating in Ecuador and tickets for cultural and sporting events. Foreigners can also enroll in Ecuador's Social Security medical program for $57 a month. Those over 65 also pay lower income tax. Penthouse suites and beachfront condos go for $50,000, while beachfront rentals hover around $500 a month. A retiree's entire cost of living rounds out to roughly $800 to $1,500 a month, and the neighbors more often than not are either A) other expats or B) English-speaking locals. We'll warn that this isn't exactly undiscovered country among retirees, but it's several steps up from the costly retirement kennels and golf carts of more costly American hot spots.
-- Written by Jason Notte in Boston.
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