Living abroad for low cost

Recent years, not a few American people went out from the US for a cheaper living cost, according to this article below.

Forbes: Quit Your Job: 5 Countries Where You Can Live For Under $1,500 A Month

There are several nations you can live for under 1,500 USD per month. The article lists Cambodia, Panama, Ecuador, Portugal, and Costa Rica. They are actually candidates for living after retirement, I believe.

However, each county has their own merits and risks regarding the daily living. In general, countries with a weak currency has a financial problem. As well, some nations have political conflict both inside them and internationally.

For example, Panama is well known as a tax haven. At the same time, many developed countries are considering to dismiss the advantage of Panama legally. Also, Ecuador has a problematic relationship with the US.

After all, we cannot avoid all risks with any strategy. When you save your money, you have to face other risks in your life.

I, myself, am considering to move from Japan when getting old. But, I have to prepare for several risks.