Retire in Ecuador


Retire in Ecuador

Are you thinking that you want to retire in Ecuador?

A huge and growing legal problem that affects the way we bank and invest is forcing Americans to change their financial plans.

We’ll look at this problem and some overseas income earning ideas that can help solve the difficulty in a moment.

One of the solutions to this dilemma is to live or retire abroad and since we focus so much on Ecuador may I review three steps that anyone should  take before they make a final decision to retire in Ecuador.  (Then we’ll get to the problem).

First, visit Ecuador. This seems obvious but we have many people who tell us they have decided to retire in Ecuador before they have visited.

Second, rent a place and stay awhile before you buy or make a final decision to retire in Ecuador. The fastest way to pay too much or make a less than perfect decision about where to retire in Ecuador is to rush a purchase.

Third, create a plan and make sure it will work for you.  Do you need to earn income? If so how.  Do you have enough assets or income  to qualify for a residence visa to retire in Ecuador.  Do you have children who need schools? Do you have healthcare issues to resolve that will affect the location where you retire in Ecuador?

Here is how other readers have told us how we have helped them retire in Ecuador. 

Here are some retire in Ecuador raves  from recent visitors who are checking Ecuador out and who, plan to retire in Ecuador.

We can help you look around to decide if you really do want to retire in Ecuador. Here is what one Ecuador Living subscriber shared.

Dear Merri and Gary, my wife and I are staying here in Ecuador at the El Meson De Las Flores both for the very first time.I thought I would relate our first impressions of this most unique place called Cotacachi.

We arrived here July 3 not knowing if we would seek permanant residency or return to the U.S. Initially the culture difference was a shock,but only after a few days we found ourselves growing fond of the Cotacachi area.

The native people in Cotacachi have made us feel welcome and comfortable.We speak only marginal spanish but store vendors and even the indiginous who sell thier vast array of wonderful organic fruits and vegetables at the Mercado also are all helpful and accomodating

Ecuadorian people seem far more relaxed than many people in the U.S.

And it is true.Ecuadorian children do play together safely after dark.

Most ladies wear the traditional clothing,are quite pretty and take pride in their appearance.

On Leather street there are countless stores with gorgeous belts,boots,handbags,jackets,sweaters,etc,all usually made by the vendors who sell them. These Ecuadorians seem to be very creative and industrious. Otavalo has a huge marketplace and has a surprising bustle to it. To us, Otavalo has its own character but lacks the village atmosphere of Cotacachi.

The views in Cotacachi are incredible. If you like greenery,high mountain volcanoes and patchwork hillsides Cotacachi is spectacular. We went to the Mercado Sunday morning and the veggies and many exotic fruits for sale were beyond belief. Giant heads of brocolli, lettuce, tomatos, herbs and some fruits we have never seen before.

Best of all, so inexpensive. Three large bags about 16 dollars.The restaurants here are inexpensive but they seem to serve mostly starches (rice, potatos etc) along with chicken, beef or pork.

You can order fresh veggies if you want in most eateries.

Also,the produce in Ecuador is fresh.Locally grown and harvested right to your stomach.Certainly not shipped hundreds or thousands of miles like US supermarket produce.For any person who wants to improve their health through diet Cotacachi could be the answer.There are poor people in Ecuador, but no body appears to be going hungry.

Downsides?  Well,the traffic can be noisy and the drivers seem to have the right of way.  There are no emission standards so exhaust fumes can be a problem. Debbie and I have decided to seek residency in Ecuador.

We do live on my pension and believe we can be happy and healthy living a more relaxed lifestyle here in Cotacachi.

Also, I compliment your staff at  Meson? Everyone here has been helpful to us being our first time in Ecuador and also after a particuraly bad experience with animal customs at the Quito airport. Thank you  to Eduardo, Rosita, Consuelo, Franklin, Mauricio, Alberto, Christian the computer guy and the other fine associates at Meson. To the wonderful kindred spirits we have met, Olivia, Maggie, Jaci, Mercedes Peggy and Lee.  Again,thank you all.

Talk to a US (or Canadian) and Ecuador attorney before you retire in Ecuador.

Here is what an Ecuador Living subscriber shared about this.

Hi Merri:  I’ve been meaning to send you a note to let you know my passport paperwork was in perfect order for our 12IX Visa and we got it in two days after the applicaction was sent to Washington.  I gave my permanent visa paperwork to the attorney you recommended when we arrived in Manta and it was in order as well.  There were a couple of documents they had to prepare for us to sign and it was off to Quito with the attorney the day after we met with him for the first time.  I can’t say enough good things about your referal (and his Immigation specialist).  It was because of their help that the legal part of our experience in Ecuador has gone so well.  Thank you again for the referral and for filling me in on what we needed to do prior to leaving the States.  Believe me, most people out there don’t give you the true or whole story about the visa requirements.  Because of your advice, we saved ourselves a lot of headaches.

Another wrote about one of the immigration attorneys we refer to our Ecuador Living readers who want a retire in Ecuador visa.

I contacted the Ecuador attorney as you suggested and he gave my file to hsi asscoiate who specializes in immigration.  They responded immediately and she has been wonderful.  I think I have ordered all the documents I need certified and apostiled.  It’s taking forever to get a couple of them but I’m hoping they will arrive soon.  Until you go through this, you don’t realize just how time-consuming it is.  Thank you so much for your advice in this regard. You and Gary have been so helpful in helping us realize the potential problems and we are very appreciative.

Get to know expats in the community who can share what they have learned as they retire in Ecuador.

One Ecuador living subscriber planning to retire in Ecuador wrote this:

We arrived in Manta on May 30th and after spending a few days at the Howard Johnson’s, rented a house for a month. It was owned by a wonderful Ecuadorian woman (native of Cuenca) who moved to the Casita in the back.  We became great friends and met a lot of people through her as well as through the local Gringo organization.

We came to Cuenca a week ago and are living in a rented, furnished apartment overlooking the city (across from the Ore Verde Hotel.)  We attended the Gringo gathering Friday night and who should appear shortly after we arrived we met another one of your Ecuador Living subscrobers who we had met on the January Tour.  Never did I dream we might run into her in Cuenca.  It was great seeing her.

We know we love Ecuador and, hopefully, after out three month rental is up here we hope to be able to decide where we want to settle.  At this point, we are really loving Cuenca! Thanks, Merri and regards to Gary.

Talk to MDs and learn about the healthcare options you may need before you retire in Ecuador.

Here is what one Ecuador Living subscriber who planned to retire in Ecuador shared about this.

Here is the website for my insurance company in Ecuador.  They have clinics across Ecuador plus a number to call and talk to an English Speaking sales person.

The monthly rate for a 69 yr old – and it is $80. Plus the initial medical exam.

They do not have doctors who speak Englaish but I suspect that within all the clinics there probably is at least one, if not several doctors who speak English.

They do have connections with optmologists and dentists in other clinics.

They do not cover treatment outside Ecuador except for emergency treatment in Colombia.

Emergencies are covered all over Ecuador – say you have the misfortune to suffer a life threatening event then you would, presumably, be taken to Loja and treated in a hospital there. You would pay the cost and the insurance would re-imburse you.

All non emergency treatment needs to take place in Quito or where there are insurance owned or affiliated clinics – at this moment just Guayaquil or Santo Domingo.

Now the problem.

The problem is that Americans have lost control of their wealth.

An insidious form of of loss has been taking place for decades and now we are in the end game.

The theft has taken place in the same way the Nazis robbed the Germans of control.

A German industrialist once explained how the Nazi’s took over when he explained that very few people were Nazis.  However many enjoyed how the Nazis brought back an external German pride.  Most were just too busy to care.  The majority let it all happen at an early stage.   Too late the realization came that the Nazis were in total control.   See how this has happened to your wealth here a Bank Privacy Gone

One way to overcome the problem is with overseas income ideas.

See one Ecuador Income idea at Retire in Ecuador with Income

Big problems creates big opportunity.  The huge problem of losing our bank privacy  is creating great profit for those who move, invest or retire abroad. Whether you work invest and retire in Ecuador or elsewhere,  be sure to create ways to protect your wealth in the inflationary era ahead.

Gary

Join us at our North Carolina farm this July or October for our International business & investing seminars below. Learn more about early retirement and 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.

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.

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 21-24 Ecuador Import Export Tour

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour



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