Retire in India and live off interest payments?

nycank · Nov 3rd, 2009, 04:38

Quote:

Cuenca, Ecuador's third-largest city, is a well-preserved colonial city of cobblestone streets and dramatic period architecture, with modern suburbs, shopping and all the comforts American retirees might expect. Yet they can live there -- and well -- for about $17,000 a year, the magazine says. (Visit Bing for a photo gallery of Cuenca.)

Cuenca and Ecuador in particular have so much to offer, says International Living Managing Editor Laura Sheridan, that the country bumped Mexico from the top spot in the publication's Annual Retirement Index, released last month.

camelgirl · Nov 3rd, 2009, 04:56

I read that article the other day and was very surprised to see Italy and France in the top six. I think they got extra points for culture, safety & infrastructure because housing & cost of living wasn't that great! I would love to live in Italy but they don't seem to have factored in the weak dollar against the Euro.

India isn't even on it because you can't just retire there!! All those visa issues again!

Mexico is closest to me here in the U.S. and Mazatlan looks nice

curtdfw · Nov 3rd, 2009, 05:44

Central America seems like a decent option too. Relatively small countries, low cost of living, easy access to two oceans -- sunrise on the Caribbean, sunset the same day on the Atlantic...

And to keep the post from being OT, I think some of the smaller Kerala cities are still a decent deal, though there's that pesky visa issue.

Canuck-eh · Nov 3rd, 2009, 08:47

Anyone have comments on the stretch of beach between Goa and Mangalore? Is it humid there (I would expect it to be). THinking of visiting and looking for a cotttage.

Canuck-eh

msapa · Nov 20th, 2009, 01:28

I'm planning to move to Dehradun on a trial basis and hoping that Rs.25,000 to Rs. 30,000 should be good enough for the family of 4.

I can say that this is my temporary retirement for 1 to 3 years till I learn how to survive locally.

To answer the original question of living off of interest, it all depends.
1) If you are nearing retirement or retired then it's absolutely feasible to comfortable live in small to mid size city.

2) If you are going to carry responsibility then the answer to permanent retirement is no.

Nov 3rd, 2009, 04:56	#482
camelgirl 10 year Visa okee dokee Join Date: May 2005 Location: Swannanoa NC usa Posts: 2,037	I read that article the other day and was very surprised to see Italy and France in the top six. I think they got extra points for culture, safety & infrastructure because housing & cost of living wasn't that great! I would love to live in Italy but they don't seem to have factored in the weak dollar against the Euro. India isn't even on it because you can't just retire there!! All those visa issues again! Mexico is closest to me here in the U.S. and Mazatlan looks nice __________________ My selected India photos http://www.indiamike.com/photopost/s...r/7030/cat/500

Nov 3rd, 2009, 05:44	#483
curtdfw PIO Club Join Date: Sep 2008 Location: dallas, tx Posts: 459	Central America seems like a decent option too. Relatively small countries, low cost of living, easy access to two oceans -- sunrise on the Caribbean, sunset the same day on the Atlantic... And to keep the post from being OT, I think some of the smaller Kerala cities are still a decent deal, though there's that pesky visa issue. __________________ "Consistency is the last refuge of the unimaginative" Oscar Wilde

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Nov 3rd, 2009, 08:47	#484
Canuck-eh Account Closed Join Date: Nov 2009 Location: Globe Posts: 12	Anyone have comments on the stretch of beach between Goa and Mangalore? Is it humid there (I would expect it to be). THinking of visiting and looking for a cotttage. Canuck-eh

Nov 20th, 2009, 01:28	#485
msapa Member Join Date: Nov 2009 Location: US / Gujarat Posts: 3	I'm planning to move to Dehradun on a trial basis and hoping that Rs.25,000 to Rs. 30,000 should be good enough for the family of 4. I can say that this is my temporary retirement for 1 to 3 years till I learn how to survive locally. To answer the original question of living off of interest, it all depends. 1) If you are nearing retirement or retired then it's absolutely feasible to comfortable live in small to mid size city. 2) If you are going to carry responsibility then the answer to permanent retirement is no.