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Reply to "Can I retire in a low COL country with $500K?"
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[quote=Anonymous]A lot of cheaper countries are cracking down on expat/retirees or requiring a lot more money. But there are many countries where you can easily live on $1000 a month. Philippines, Columbia, Brazil, etc. $2-$3k a month can make you a king. But you will discover that there are often fewer thing to do than in a developed country, good medical care might require coming back to the states, lots of poverty and cultural issues for you to deal with. Scammers and crime targeting expats. Lots of expats/retirees give up and come back.[/quote]
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