We talk a lot about investing for retirement, not investing enough for retirement, and how to get the most out of your retirement dollar. What we normally don’t talk about it what to do when you just don’t have enough money.
Investopedia has a great list of eight countries you can live in when you only have $200,000 invested and your Social Security check of about $1,300 per month to count on. My favorites are:
Thailand – I’ve been there (only Bangkok) and it’s a cool place where you can live a pretty American life, if you choose to. I rented a one bedroom apartment with air conditioning in a condo building. There was a night market a few blocks away with things to buy and food to eat (they had a Mexican taco truck. Yum!) in a mall with a grocery store and a McDonalds and a coffee shop. The only strange thing is the ode to the King is played twice per day on tv in train stations, and before movies. Just be quiet and stand and you’ll be fine.
Ecuador – I have never been but I hear a LOT of good things about it. Ecuador has topped many great-places-to-retire lists.
Costa Rica – Again, never visited but I hear that it’s a great place to live if you want an eco-friendly spot. They also say that it’s beautiful. I can’t wait to visit …. one day.
Spain – My first international trip was to Spain (I wanted to see the Al-Hambra) so I know a bit about it and feel that I could live a comfortable life there. I traveled from Madrid to Malaga, Seville and Cordoba. One could live a decent life there, as long as you like pork. They eat a lot of pork in Spain. Lol Push back against being colonized by Muslims for 400 years? Lol Anyhoo, living there could work.
Check out the whole list over at Investopedia.