Ecuador Retirement Lifestyle Shift


Retirement in Ecuador can shift lifestyle towards simplicity.

In a moment, let’s look at the current way to earn more income with greater safety for retirement, in Ecuador or anywhere, for now or for future retirement.

First, let’s look at how many North Americans are learning to make whatever income they have go farther… with simplicity.

When you retire in Ecuador one great benefit is being surrounded by a culture that understands and lives simply.

There are many simply pleasures in Ecuador like…

retire in Ecuador

Don’t get me wrong.  You can enjoy  luxuries when you live or retire in Ecuador.

This excerpt from a recent article at Ecuador Living entitled “Retire in Ecuador Guide – Communications” shows how to eliminate long distance telephone charges in Ecuador:

When you retire in Ecuador enjoy new but different luxuries. Luxury differs in every culture and country. For example in Ecuador, tile roofs, hardwood and ceramic floor tiles  (luxuries in North America) are low cost, standard building supplies.

A regular maid, to do dishes and laundry, costs little.

Yet washing machines and dishwashers are expensive luxuries in Ecuador.

Cars cost a lot in Ecuador.  Cabs and drivers with their own cars are cheap because personal cars have a high duty.   Commercial vehicles can be imported into Ecuador without tax.

People who couldn’t afford housekeepers or gardeners in North America can do so when they live or retire in Ecuador.

Take time to understand the system and compare costs before setting your lifestyle. Hold off on the big fridge. This will cost a lot.  A maid buying fresh food in the market every day creates employment and costs less!

Read all of  Retire in Ecuador Guide – Communications

retire in Ecuador A simple Ecuador pleasure is the good humor man on the waterfront.

Excerpts from a recent USA TODAY article  for Boomers, recession is redefining retirement  by Christine Dugas, explains more:

Life changes are becoming a focus, along with retirement-expectation changes.

“People are stepping back and asking themselves truly, ‘How much is enough?’ ” says Sheryl Garrett, a financial planner in Kansas City, Mo. It’s more of a movement to simple living than just a temporary spending cutback. “People are taking ownership of what they can control.”

Many Boomers are so busy dealing with their daily lives, from monthly bills and vacation plans, to doctor appointments and children’s college hopes, that they seldom considered their futures. And they often believe that life sort of ends with retirement.

The financial crisis has forced them to look ahead. In reality, they will live much longer and be healthier than their parents’ generation. And retirement may be filled with much more than playing golf or cards.

Retirees get married, they move, and some even have children, says James Richardson, a financial planner in Raleigh, N.C.

“In many cases, people feel more productive if they continue to work during retirement,” he says. “That was true even before the financial crisis.”

“We have to look at retirement differently,” she says. “They always say that if you are going to work in retirement, do the things that you love to do. So I’m not going to complain. I love teaching.”

Baby Boomers such as Neilson may change retirement. “They may re-create themselves so that they can do something that is productive and still earn a paycheck,” Garrett says.

People are not living on an extraordinary gravy train, he says, and they can’t use their houses as ATMs any longer. And they can’t count on buying a new refrigerator just because they want one, as opposed to when they need one.

See more on this at Wild Health & Profit.

retire in Ecuador

A simple Ecuador pleasure is a just caught fresh from the sea….fish for a dollar.

If you are planning a simpler life, you may want to consider retiring in Ecuador.

Create Extra Investment Income the Simple Way

If you plan to retire in Ecuador or are saving for a later retirement, you’ll want to increase profit and safety.

This is possible even in the recession because for the first six months of 2009 JGAM’s low risk strategy has been their best performing strategy.  With a 100% loan their low risk portfolio has risen 11.4% or at a 23% per annum rate.

Here is an excerpt from our latest multi currency lesson:

JGAM believes that this low risk strategy will remain productive for the rest of 2009 for several reasons.

First they do not believe that the economic recession is over yet.  JGAM expects the turnaround to be L-shaped (not V-shaped). This means economic growth is not expected to return to normal levels in a foreseeable time.

This economic stall creates a lack of growth that will limit corporate earnings potential and keep inflation in check.

A slow economy, without inflation, favors bonds and leaves equities at risk.   JGAM does not expect inflation to be a real threat in the near future.

Short term rates are also likely to be kept artificially low by governments to help the banking industry.   Banks are making huge profits by paying low rates on client deposits and lending the funds at higher long term rates.

Here is an example of how leveraged bonds work. Two bonds available now are:

US$ 5% Korean Electric Power  (A rated ) due 17 – 01 – 2017 paying a yield of  5.05%

GBP 5% Rep. of Hungary due 06 – 05 – 2014 price paying a yield of 10%.

Assume an investment of $100,000 in each bond… from a $100,000 investment plus a $100,000 US dollar loan at 2.75%.

The average yield per annum is 7.52% or $15,050, less $2,750 loan costs.

That leaves a $12,300 return or 12.3% per annum instead of a 7.52% return on an unleveraged $100,000 investment.

Both managed and advisory clients with JGAM can invest in a leveraged low risk portfolio but managed portfolios can obtain the greatest advantage of the strategy.

The two benefits of a managed portfolio are JGAM’s active monitoring make international investing simple plus gives the ability to invest in a wide range of global securities that are not available for most advisory clients.

Americans who live in the US but have advisory accounts cannot buy most overseas bonds.  US advisory clients who live outside the US can buy these bonds.

You can get more information from Thomas Fischer at JGAM. His email address is fischer@jgam.com

Enroll in our Multi Currency Course here

Gary

Join Merri, Thomas Fischer of JGAM and me in North Carolina this July and enroll in our multi currency course free. Save $175.

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

Read the entire USA TODAY article For Boomers, recession is redefining retirement at www.usatoday.com/money/perfi/retirement/2009-06-16-retirement-boomers-recession_N.htm



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