Big Savings for Retirees in Ecuador
Apr 09, 2013
Choosing to ‘finally’ retire is a pretty monumental life decision for most people. If you don’t have the luxury of retiring with a corporate pension plan and are relying on a government-paid plan, it’s that much more monumental, if not a bit scary. This is because, even if you’ve been saving for years, it’s hard to have a clear picture of your new costs of living.
When you work, it may not be easy, but it’s cut and dry. You get paid the same amount, your bills are generally the same amount and you usually have a clear idea of what you have left at the end of the month for extras, including savings. When you retire, all of this changes and you find the term ‘fixed income’ starts getting thrown around.
Whether you’ve put any thought into it or not or whether you’ve planned for it or not, it’s eminent… your age will creep up, and retirement will happen. But who ever said you need to be ‘old’ and ‘docile’ when you retire? Why not get out and explore a bit? Or, as we here at Where International like to encourage - live in another country!
In this day and age, personal health and wellness is promoted, preached and practiced. Many people are living full, happy, healthy lives well into their senior years, putting a lot of truth in the saying that 65 is the new 45.
So why not consider a move that’s as monumental as this phase of your life? Retiring to Ecuador not only encourages a healthy and active lifestyle, it can stretch those lifelong, hard-earned pennies much further then anywhere in North America; Not to mention provide incredible year-round weather and a cultural experience worth being immersed in.
And Ecuador has another ace up its sleeve for retiree’s… incredible savings on a plethora of activities and services. Of course, the senior citizen discount program was initially put in place to help Ecuadorians, but the country’s constitution guarantees foreign residents the same rights, allowing you to enjoy the same benefits.
And these are substantial savings! Especially if exploring and travelling within your new home is at the top of your ‘to do’ list… 50% off all public and private transportation within Ecuador, including the Galapagos Islands, 50% off any sporting event, cultural or movie tickets and, as long as you fly out of Ecuador, you’ll receive 50% off International airfare with Taca, Copa or AeroGal airlines. In addition to the massive savings Ecuador’s government offers to seniors on travel and entertainment, you’re also entitled to 50% off your water and electric bill and will receive free domestic landline phone service.
Ecuador is a country that is proud of their senior citizens, and believes that they deserve a break once they reach age 65. Aside from actual financial savings, you will also never have to wait in line. That’s right… if you’re paying a bill or doing any banking, Ecuador’s law dictates that you have rights to the front of the line. You will also be refunded up to $250 each month that you’ve spent on Ecuador’s VAT (value-added-tax).
If stretching your hard-earned savings while enjoying an exciting retirement is how you pictured your ‘golden years’, then Ecuador may just be your perfect fit.
Want to see if Ecuador fits the bill for your retirement dreams? Visit on a Discovery Weekend to get a true taste for all the beauty coastal Ecuador has to offer!