5 countries for retirement on a social security check alone-commentary

“I no longer feel anxious in addition to worried when I review my finances,” says Bartley D’Alfonso, retired in Ecuador. “the item can be very comforting to know in which I can right now occupy my mind with what fun activities I will do daily, rather than how I would likely try to survive day-by-day if I had stayed back from the U.S.

“A few years ago, I found myself as a solo retiree with an expensive California condo mortgage to pay for, along with excessive property taxes in addition to increasing monthly homeowners’ association fees.

“Month by month, the item was becoming harder in addition to harder to live only on my fixed Social Security benefits in addition to retirement pension. I was feeling trapped, with high anxiety—how was I ever going to continue to live like This kind of? How could I survive? Something had to change…”

the item did, when Bartley moved to the highland university town of Cuenca, Ecuador.

“After a three-day real estate tour, I sold off my Californian condo in addition to bought a newly built condo in Cuenca,” he explained. “My three-bedroom, three-bathroom, two-story condo cost $115,500 in addition to get This kind of — my annual property tax was $88 in 2015… $55 in 2016…in addition to This kind of year I paid $44, compared to $4,800 annual property taxes back home.

“in addition to talk about having the senior citizen discount kick in. Under Ecuadorian law, all citizens who reach 65 years of age in addition to have a cedula (national identification card) get to enjoy substantial reductions with the expenses of daily living.

“I recently turned This kind of magical age, in addition to my bus fares were lowered to 12 cents per ride, instead of the regular 25 cent fare. My annual property tax will be halved down to about $25, in addition to all notary fees are right now free, saving hundreds of dollars.

“My water bill can be discounted by 50 percent, dropping down to an average monthly fee of $3.85. Every six months I can turn in my receipts in addition to receive a maximum refund of $105 per month for any sales taxes paid, which can be deposited directly into my local bank account.”

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