- An American recently bought this beachside home in idyllic Punta del Este, Uruguay for US$160,000.
It’s another triple-digit loss day on the Dow so, depending on your degree of diversification, your retirement savings may be taking a similar hit. Appropriate then that we turn to an article on net worth and how to stretch your hard-earned savings post-retirement. The New York Times says Latin American destinations like Buenos Aires, Punta del Este and even Medellin are starting to factor into the equation for Americans seeking an affordable retirement destination with a high standard of living and affordable health care.
“Now that air travel and communications have grown easier, adventurous seniors are retiring to more far-flung destinations, lured by lower costs, better climates and growing colonies of like-minded retirees,” writes Shelley Emling. Argentina and Uruguay are both mentioned in the article which features one American who bought a Montevideo condo for $58,000 and a beachside Punta del Este home for $160,000. Two homes in Uruguay for the price of a two-room co-op in New York? No wonder the Times is looking to the Southern Hemisphere with a sense of longing.
It’s good to see more mainstream news sources picking up on what InvestBA and other specialty publications like International Living and Shelter Offshore have known for some time. As one of the North Americans interviewed sums it up, “I don’t know of anyone who has decided to move back full-time after having had a taste of living abroad.”
For more information on retirement opportunities in Argentina and Uruguay, contact us and download the new issue of InvestBA Privada.
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