5. Ecuador
Ecuador is fast becoming the favorite of expats and expat retirees from around the world; it would not have been voted the best country to retire in the 2015 International Living Annual Global Retirement Index otherways. Like Panama, Ecuador has an irresistible Pensionado visa. Compared to Panama, however, the monthly pension requirement for Ecuador’s Pensionado is only $800 a month so if you earn a little less, can speak Spanish well enough, and are okay with enviable tropical weather day plus the ow cost of living, Ecuador is for you.
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