3 cheap places to retire (on a budget) | Best countries to retire on social security

#retireoverseas #expatlife #retireearly #adventurefreaksss

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Are you looking for the best countries to retire on a budget? Whether you have a small pension or rely solely on Social Security, this video reveals the 3 best-kept secret countries for retirees who want to maximize their retirement dollars. We break down the cheapest places to retire abroad where you can live comfortably without compromising on quality of life. Discover affordable countries with low cost of living, excellent healthcare, and vibrant expat communities. If you’ve been wondering about the best countries to retire on Social Security, we’ve got you covered!
In this video, we’ll explore the top 3 retirement countries that offer retirees a chance to enjoy a beautiful lifestyle at a fraction of the cost. These cheapest countries to retire are perfect for those seeking to retire overseas and live a stress-free life in a stunning location. From cheap places to retire in Latin America to affordable destinations in Europe, find out why these locations are becoming the go-to spots for savvy retirees.
If you’re ready to make your money go further, hit play and learn about the best places to retire abroad!

[GoldbergsFloresas]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[justjg]

Healthcare is the biggest factor. If you're in a strange country and have a heart attack or stroke you need care without having to plunk huge amounts of cash down.

[wesgraham]

Why Live in Cambodia? You can pay $290 for a multiple-entry, 12-month visa if you’re 55 or older. The visa is renewable every year for the rest of your life and you NEVER need to leave the country. No bank account to open. No deposit required. No income-qualifying. No background check. No health certificate. No reporting in to Immigration regularly like in Thailand. It’s the easiest, cheapest, most uncomplicated visa in all of southeast Asia. The US dollar is used and English is widely understood. Siem Reap is clean and well-maintained with good roads. Friendly, smiling people are the norm here. It’s hot but manageable!

[Traveler-pooe]

When it comes to Montenegro, the tax on my income is 15%. But the added local surtax is a minimum of an additional 13% to 15%. Beautiful country, but the taxes make it unreasonable to retire there. I've looked into many different countries to retire to. There are far too many that have (IMHO) unreasonable taxes.

[dovygoodguy]

Montenegro - in the nexus of war involving Russia, NATO, Turkey, Israel, Iran.
Peru - issues of safety and security
Cambodia - intense heat and humidity.
It's possible fellow retirement aged people can't handle these issues.

[quantarrow]

The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future.

[vgshwk]

Cambodia is also easy and cheap to visit other countries in se Asia.

[boink]

Perú is a great country to retire to as you can chose the climate to your liking. Eternal spring? Eternal Fall? Eternal gray (Lima)?

[jerseyboy]

I lived in Cambodia.It's a very nice place to live.But if you're old and you have medical issues. It would not be suited for you.. You can only find three decent hospitals in Phnom Penh. They are run by a Thailand corporations. Other Cambodia run hospital are mediocre !!

[Traveler-pooe]

If I were to retire in Peru, I would have to pay 30% tax on my income. Sorry but that's not going to happen.

[christopherhouse]

You should talk about Paraguay! I hear it’s a hidden gem.

[stevekinlough]

Hi Ray, great info for folk who are interested. I am next door in Vietnam. Cheers

[Billma]

I have lived in Cambodia for seven years. There is a downside to it being cheap and the visa easy. This attracts a lot of old men who were unsuccessful in life due to personality issues and alcoholism. They spend all of their time sitting in bars drinking cheap beer. They exploit poor women. Thailand changed their visa requirements to get rid of these guys. Many moved to Cambodia. There has been some discussion the Cambodia might tighten the requirements so a person would have to demonstrate sufficient income. Thailand requires about $1800 a month plus show that you have $20, 000+ in the bank. I hope that happens. You mentioned that a person has to show $1000 a month. That is inaccurate. You don’t have to show any income currently.

[kevinsmith]

My understanding is that Montenegro requires temporary residents to be in country 11 months per year. Unfortunately, that rules it out for anyone who likes to travel a lot.

[larryfromwisconsin]

We visited Siem Reap in 2006. We were doing a visa run from living in Thailand and figured why just stop at the border? We liked it well enough but we were just getting over some horrible food poisoning from Thailand so we were afraid to eat anything that wasn't boiled. They like fresh vegetables but they were probably washed in unclean tap water so we were hesitant. We could spend another month there but after that I don't see any long term attraction. I will research Cambodia's beach towns.

[JMgmkh]

Great if the saving interest rate is (really ?) around 8 % in Cambodia.
Here in the Philippines it's near 0 %.

[gregdurham]

During your consulting session with your clients do you also discuss the immigration process as far as immigration attorneys for a particular country???

[Traveler-pooe]

As for Cambodia, the nonresident tax is 20%. Not looking good so far.

[luismarquez]

Question. Do they cancel their medic care when they retire in another country?

[piotrwojtowicz]

All the Countries, You have mentioned, do not meet the criteria to be called "Best" ...Paraguay beets all f them, and this is where I will go soon !