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    10 countries where retirees live like kings

    Retirement in North America is a nice idea until you consider the cost. The folks at International Living crunched the numbers and looked at the price of simple staples, assimilation and staying in touch with family left behind. The following countries scored high marks not only for their inexpensive living, but for overall friendliness toward North American retirees.

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    1. 1. Ecuador



      The country's retirement benefits package includes 50% off transportation, utility bills, international round-trip flights originating in Ecuador and tickets for cultural and sporting events. Foreigners can also enroll in Ecuador's Social Security medical program for $57 a month.

      Those over 65 also pay lower income tax. Penthouse suites and beachfront condos go for $50,000, while beachfront rentals hover around $500 a month. A ... more 

      1. Ecuador



      The country's retirement benefits package includes 50% off transportation, utility bills, international round-trip flights originating in Ecuador and tickets for cultural and sporting events. Foreigners can also enroll in Ecuador's Social Security medical program for $57 a month.

      Those over 65 also pay lower income tax. Penthouse suites and beachfront condos go for $50,000, while beachfront rentals hover around $500 a month. A retiree's entire cost of living rounds out to roughly $800 to $1,500 a month, and the neighbors more often than not are either A) other expats or B) English-speaking locals. We'll warn that this isn't exactly undiscovered country among retirees, but it's several steps up from the costly retirement kennels and golf carts of more costly North American hot spots. [Related: De-Stressing Secrets from Around the World] less 

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    1. AFP logo Tue, Nov 29, 2011 7:20 PM EST
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