For many it is the low cost of Ecuador living that makes retirement there attractive.
For others Ecuador retirement is attractive due to the low entry cost of good income producing businesses.
Ecuador retirement can be enhanced by owning an agricultural business. This is a tomato farm for sale in Ecuador.
This property offered at $130,000 includes a house.
We are told that this farm generates $25,000 a year of income… an excellent addition to one’s Ecuador retirement plan.
I believe this farm is under offer… but there are other farms ideal for Ecuador retirement like the one below.
Retirement and farming go well together for many… Ecuador retirement or retirement at home.
Merri and I are lucky having a farm in Ecuador and the US.
Excerpts from a recent article in USA Today entitled “For Boomers, recession is redefining retirement” by Christine Dugas, shows why Ecuador retirement and farm retirement plans will grow.
The 77 million Americans in the Baby Boom generation face an economic storm: The Wall Street meltdown trampled their retirement nest eggs more than any other group. After losing jobs during what they thought would be some of their peak earning years, many are struggling to get back into the workforce. Health care costs are rising, and declining home values mean they might not be able to count on home equity to guarantee an easier retirement.
SAVE EARLY: Tips for building a solid retirement plan
“This generation will be sobered by their experience,” says John Coyne, president of Brinker Capital, an investment management firm. “They may not have as extravagant a vision of retirement as they did last July.”
The reality is sinking in: Baby Boomers, born from 1946 to 1964, are planning to work longer, save more money and spend less, to reach any semblance of the retirement they once envisioned. According to AARP:
•35% of those ages 45 to 54 have stopped putting money into their 401(k), IRA or other retirement accounts.
•25% said they have prematurely withdrawn funds from their retirement accounts.
•56% have postponed a major purchase.
•24% have postponed plans to retire.
Cash management change
Middle-class Boomers have few options for improving their retirement goals. If they maintain their current standard of living and don’t cut costs, three out of five will outlive their financial assets in retirement, according to a new report from Americans for Secure Retirement, a coalition of more than 40 organization.
Our last real estate tour looked at a number of new properties including an Ecuador Avocado farm. Here is the entrance to the avocado farm.
the main house.
Here, in front of the houses, is the fruit… the cash generator.
We are told they will offer a $50,000 a year income after two years… $25,000 potential this year.
Learn more about the Avocado farm and see a recipe for Avocado Naranjilla Muffins at Retire in Ecuador Idea
Farming and retirement in Ecuador or anywhere can be fun and healthy… better than a La-Z- Boy recliner for sure.
Excerpts from an October 2007 Time magazine article “Back Home on the Hobby Farm” by Dan Kadlec says: When he was a child, Walker Miller would pick berries and bring them to his mother, who baked “the best blueberry pie you ever ate,” he recalls. Today, Miller, 66, a retired Clemson University plant pathologist, has found a way to return to a bit of that past: he owns a 9-acre (3.6 hectares) pick-your-own farm in rural South Carolina, which he named the Happy Berry. At least some of the local children who pick blueberries for their mothers today pick them from Miller’s fields. This pleases him–as does the simple hard work the place requires. “I enjoy being outside,” he says. “I enjoy sweating.”
Miller and his wife Ann (who still works for Clemson) are among the tens of thousands of recent retirees finding meaning and fun back on the farm. Their tiny operation also happens to generate half their annual income. But others are raising cattle or seeding small plots with no regard for revenue. These gentlemen–and gentlewomen–farmers are drawn to the country by a love of nature, affordable real estate and, in some cases, Internet connections that allow them to keep working as lawyers, writers and consultants.
The number of farms in the U.S. has been shrinking for seven decades. But the rise of “lifestyle,” or hobby, farms–typically about 30 acres (12 hectares) that produce little or no income–promises to halt the decline, say officials at the U.S. Department of Agriculture. Largely because of hobby farms, whose numbers are growing 2% a year and now account for about half of all farms, the population of rural counties is up 12% since 1990–the first gain in such areas since the Depression.
“Many of these people are businessmen or bankers,” says Karen Keb Acevedo, editor-in-chief of Hobby Farms. “They start on weekends, wanting a better quality of life.” The hot spots, she says, are in areas that are one to three hours outside of big cities on both coasts and throughout the Southeast.
Hobby farmers drive up land prices in hot areas. They also raise big-picture concerns about total farm output. Hobbyists get far less yield per acre than the lifetime pros, and in times of food shortage they would further crimp the supply, usda officials warn.
But there appears to be no stopping the trend, which is fueled not just by retirees getting in touch with the land but also by a rapid rise in the market for organic foods, which these farms tend to produce.
Now is a good time to buy a retirement farm as well. Demand has definitely dropped. US and Ecuador retirement farm prices are still low.
On a previous Ecuador real estate tour we looked at a small farm that included a thousand peach trees that created real estate income. The peaches were sold to the armed forces and a super market chain. Here is the house and…
The orchard with wonderful views of Ibarra in the distance.
Merri and I love the enjoyment and the health benefits of living on our farm
our horses. This is Goliath…one of our five. Our…
chickens lay great fresh farm eggs. What an omelette… farm eggs and home grown veggies!
The omelettes are even bigger with our geese.
We love the pure spring water… and our creek…
filled with trout. Our daughter Elle caught this brookie in the creek last year. Plus…
the wildlife like these deer in our front yard.
Our ability to grow food… taking care of the animals and even getting to the mail box keeps us walking… working… flexible and trim.
So whether you plan to retire in Ecuador or elsewhere, do not stop working and perhaps consider moving to a farm. This is a great way to live.
Join us at our North Carolina farm this July or October for our International business & investing seminars below.
July 24-26 IBEZ North Carolina
Oct. 9-11 IBEZ North Carolina
Or join us and learn more about living and retiring in Ecuador.
July 24-26 IBEZ North Carolina
Oct. 9-11 IBEZ North Carolina
Or join us in Ecuador and learn more about living and retiring in Ecuador.
Oct. 21-24 Ecuador Import Export Tour
Read the October 2007 Time magazine article Back Home on the Hobby Farm at http://www.time.com/time/magazine/article/0,9171,1670527,00.html
Reading the entire article For Boomers, recession is redefining retirement http://www.usatoday.com/money/perfi/retirement/2009-06-16-retirement-boomers-recession_N.htm will help you understand Ecuador retirement better.