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#841235 - 10/05/13 12:08 PM 10 Places to retire on Social Security alone  
Joined: Nov 2005
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leahmullen Offline
BellaOnline Editor
leahmullen  Offline
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Joined: Nov 2005
Posts: 852
What if you've worked your whole life but either did not save for retirement or lost all your savings due to the fluctuating economy. Take heart there is hope.

Here's an article describing 10 places you can live on Social Security alone.

10 Places you can live on Social Security Alone


LEAH MULLEN
LIFE COACHING

#887134 - 02/27/15 05:17 PM Re: 10 Places to retire on Social Security alone [Re: leahmullen]  
Joined: Jan 2006
Posts: 1,671
Sheryl T Offline
Chipmunk
Sheryl T  Offline
Chipmunk

Joined: Jan 2006
Posts: 1,671
Holdenville, OK. USA
I checked out that article mentioned above. Not very workable. They give figures for a *couple* that together on Social Security make about $26,000 per year. Not a good article for senior singles on Social Security that make approx. $780 per month.


Former Chocolate Editor. Also known as Daisybun.
#889334 - 04/03/15 01:43 PM Re: 10 Places to retire on Social Security alone [Re: leahmullen]  
Joined: Jan 2014
Posts: 125
Gordon Barlow Offline
Jellyfish
Gordon Barlow  Offline
Jellyfish

Joined: Jan 2014
Posts: 125
Cayman Islands
Unfortunately, the article covers only retirements within the US. More and more US citizens these days are exploring retirement places *outside* their homeland. Already there are millions of retirees living very comfortably in a variety of places in Latin America. Thousands of others are living even more cheaply in some south-east Asian countries, from Thailand to the Philippines. And speaking English all the while. There's a good website called *International Man*, available via Google, with lots of Q & A threads. (I am not an American, but I am looking for somewhere that my wife and I can retire to where we don't have to pay tax on our meagre funds. Even southern Europe is looking pretty good at the moment.)

#892530 - 05/21/15 02:10 PM Re: 10 Places to retire on Social Security alone [Re: leahmullen]  
Joined: Jan 2006
Posts: 1,671
Sheryl T Offline
Chipmunk
Sheryl T  Offline
Chipmunk

Joined: Jan 2006
Posts: 1,671
Holdenville, OK. USA
Mexico is really good right now with the peso at a 12:1 ration. My friends retired there on $400 a month with a really nice villa and a maid. They went to Los Algodones which is 5 miles from Yuma, AZ.
This fit in well with their doctor appointment and their ability to get very cheap prescriptions at the Mexican pharmacies.


Former Chocolate Editor. Also known as Daisybun.
#899061 - 09/05/15 06:56 PM Re: 10 Places to retire on Social Security alone [Re: Sheryl T]  
Joined: Jan 2014
Posts: 125
Gordon Barlow Offline
Jellyfish
Gordon Barlow  Offline
Jellyfish

Joined: Jan 2014
Posts: 125
Cayman Islands
Hi Cheryl. Your friends must be sitting pretty now, with the peso down to 16 1/2 to the USD! Our family is in Norway, whose currency had fallen even quicker than Mexico's, over the past six months. So, it's nice to have one's savings in USD.

By the way, that "International Man" site I recommended before: it has abandoned its forum, so isn't really worth bothering with now. Pity!


Moderated by  DeboraD 

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