Ecuador a good place for retirees?
Source: Agencies |
January 8, 2012, Sunday
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Print Edition
Print Edition
RETIREES looking to stretch their pensions might consider spending their golden years in Ecuador, Panama or Mexico, where cost of living is low and the weather is warm, according to a new index.
International Living Magazine rated the three Latin American countries the top destinations in its Retirement Index 2012, followed by Malaysia, Colombia, New Zealand, Nicaragua, Spain, Thailand and Honduras.
"The proposition is that you can live better for less, and not sacrifice anything, if at all, in quality of life and still live on half or less of what your cost of living would be in the United States or Canada," said Dan Prescher, special projects editor for International Living.
Prescher, an American who now calls Ecuador home, said he and his wife live comfortably on about US$1,300 a month.
Honduras, Thailand, Panama, Nicaragua and Mexico offer similar lifestyles for comparable prices, according to the magazine. Meals in some of the index countries cost as little as US$3 and there are discounts for retirees on public transport.
The magazine assessed the nations in eight categories - the price and availability of property, special benefits for retirees, cost of living, integration into the local population, entertainment and amenities, health infrastructure, health care and climate.
International Living Magazine rated the three Latin American countries the top destinations in its Retirement Index 2012, followed by Malaysia, Colombia, New Zealand, Nicaragua, Spain, Thailand and Honduras.
"The proposition is that you can live better for less, and not sacrifice anything, if at all, in quality of life and still live on half or less of what your cost of living would be in the United States or Canada," said Dan Prescher, special projects editor for International Living.
Prescher, an American who now calls Ecuador home, said he and his wife live comfortably on about US$1,300 a month.
Honduras, Thailand, Panama, Nicaragua and Mexico offer similar lifestyles for comparable prices, according to the magazine. Meals in some of the index countries cost as little as US$3 and there are discounts for retirees on public transport.
The magazine assessed the nations in eight categories - the price and availability of property, special benefits for retirees, cost of living, integration into the local population, entertainment and amenities, health infrastructure, health care and climate.
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