#19 Bolivia
Bolivia is quite a popular spot for retirement and mostly because the land is incredibly beautiful. However, the South American country also boasts alluringly affordable living costs, which makes it perfect for retiring with limited funds. You may want to brush up on your Spanish as the natives here are not all inclined to understand English.
As the region is popular for retirement, you will likely be able to settle down and find there are several helpful ex-pats to help you adjust. A town such as La Paz, Torija, and Santa Cruz are great options that will cost you around $1,000 per month to live quite comfortably.
Bolivia
The only downfall may be that the country is not equipped with suitable public health care, which means that you would likely be best off purchasing health insurance as private health care would be best.
If you are considering the option of retiring here, you should perhaps contemplate the benefits of visiting for a short period first, simply to determine whether or not the region is right for you. Once you have settled on the retirement location, you can apply for a “specific purpose visa” which will allow you residence in the country. You will be required to submit a letter that states that you are planning to move permanently with proof of your financial situation and a police record check as well.
#18 Belize
This country is an incredibly popular retirement choice as it is charmingly affordable. The jaw-dropping scenery offers amazing beaches and enchanting nature that will prove a great option for your well-deserved resting phase. While English is the first and most spoken language here, Spanish is the second.
Renting in the region will cost you around $700 per month and as the crime rate is significantly high in areas such as Belize City and isolated areas, it would be best to pick your destination with care.
Belize
Belize is also not a great place to take advantage of public health care as you will not be able to find treatment for serious health problems. However, you do have the option of visiting Costa Rica, Mexico, or Nicaragua if the need arises.
To gain residence here you will need to visit for at least 50 weeks at a time before you will be able to apply for residency, which will cost you only $1,000. You will also have to provide proof that you will manage to transfer about $24,000 each year into a Belize bank account. It would be best if these funds came from a combination of Social Security, IRA, and a pension plan.
