weekly blog--one for the ages
For some, moving to a new location after retirement is the “dream come true.” MarketWatch has come up with an online tool that will give you 10 customized suggestions of metro areas that fit you best based on criteria such as weather, cultural amenities, financial considerations and metro size.
The Census Bureau estimates that only 348,000 people moved last year for retirement reasons. And those that did tended to go to the South and West. Tops on the list: Henderson/Las Vegas, Nevada; San Antonio, Texas; Scottsdale/Mesa/Gilbert/Surprise (Phoenix), Arizona; Raleigh, North Carolina; and Eugene, Oregon.
Seeking to stray a little farther from home? Ecuador regularly shows up on those “Best Places to Retire Abroad” lists. International Living named Ecuador its No. 4 country for the past two years and Live and Invest Overseas ranked Cuenca, Ecuador No. 7 on its 2019 list. But what’s it really like to retire in the South American country of Ecuador and why are so many Americans doing it?
The author of a book on the subject might have summed it up best: "Some people I interviewed said International Living provided far too rosy a picture. I didn’t talk to anyone who felt they were tricked into moving to Ecuador. But I talked to people who said they had read articles and reviews on that website and moved there and then realized it wasn’t possible to live on $700 a month.
It is possible to live in Cuenca, Ecuador on a very low income, but it means radically changing your lifestyle. Many said you need to more money to live comfortably there because many of the apartments cater to North Americans and reflect North Americans’ tastes and are expensive."