September 2008 Issue of International Living
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In International Living this month: Mexico – the world’s top retirement haven in 2008. Buy in Montevideo for less than $50,000. How to retire in your thirties and travel the world. The dollar is alive and strong…in Ecuador
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As a long-time International Living reader, each September I’d await the issuance of the Global Retirement Index like a gambler awaiting the day’s horserace results.
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So far this year, practically everything is going down. The only exception is our favorite investment—property in developing countries.
For the second year running, Mexico wins our annual Global Retirement Index. With rapidly rising fuel, health care, food, and travel costs, it’s nice to know there are still places where you can live well without burning through your retirement nest-egg. And Mexico is one of those special places. In Mexico, you can still enjoy a lifestyle that’s probably all but unaffordable for most people in the U.S. and Canada.
A four-course lunch of salad, soup, chicken with rice and veggies, dessert, and with beverage for $2. More long-stemmed fresh flowers than you can carry…just $2. For a measly buck get 30 oranges in the market, a cold beer in a bar, or a taxi ride anywhere in town. A gallon of gas is $1.40. And you can buy a brand-new condo for less than $50,000.
When an acquaintance told me about inexpensive dental treatment in a little clinic in Palomas, Mexico, my mind conjured pictures of a Mexican dentista in a blood stained apron yanking teeth out with pliers. I was assured, however, that the clinic was clean and well appointed.
Since my husband Billy and I left the working world behind at the age of 38 in 1991, we’ve been traveling the globe and have lived in dozens of countries.
This April I flew south of the equator. A topsy-turvy journey from spring into fall—to the exotic-sounding Oriental Republic of Uruguay.