This page is where I am going to collect different retirement visa strategies, how to retire abroad and die with no problems, exit strategies.
My name is Andy Lee Graham, I was born 1955 in the state of Indiana, I am presently 56 years old. I have lived abroad, or as a perpetual traveler for the last 14 years, I have visited 90 countries.
This page is a work in progress, I am going to list Retirement Visa Strategies:
The essential problem to solve, is not the visa, but who is going to care for financial affairs to live, if I become sick or mentally incompetant. Then there is the consideration, whether to be married, or unmarried. All in all, who is going to take care of a person while living abroad? I believe the USA gives my Social Security money to my wife until she dies. I also think she could hide that I die, and collect forever.
1. Renew Visa until death, or until they change the rules. If they change the rules, I live inside the country without a visa, more or less a visa overstay.
2. Apply for a retirement visa, and if they change the rules, I return to the USA.
3. Apply for a retirement visa, and if they change the rules, I live as a visa overstay.
4. Apply for residency, and if they change the rules, I do a visa overstay.
5. Appy for residency, and if they change the rules, I go back to the USA.
5. Apply for retirement visa, that converts to residency. (Example HotSpringFreak below for Argentina.
6. Obtain residency in my top three countries to live, then if one of them has problems, I move to another, on the premise I am always renting.
An Argentina Rentista Visa is the easiest route for permanent status in this country. Requirement is to show 2500 Peso´s income not tied to a salary ($572.08/month exchange rate 25/03/2012). Three consecutive annual renewals grants one permanent residency.
to a large degree you approach a problem in much the same way as me. Hope for the best, but be prepared for the worst. Always have a plan B.
Hotspring, I know you are single, who is going to take care of you when your brain goes and you are in Argentian or anywhere?
I am starting to feel, that only by becoming a legal citizen of a country, would I be safer. This word Visa is dangerous, and I am not sure I understand residency. My Argentian girlfriend had a US Dollar account, when they change the money, the converted to Peso and she was screwed.
I think I must always be willing to live illegaly, and that for sure makes it impossible to own a house.
I am starting to also be obsessed with the the desire to find residency someplace and build a dwelling on land I purchase. At 63 I should think about having a regular place to "Retire" to. Right?
This addresses land purchase in Argentina. I have been offered house-sized lots in the Argentine interior for 2,000-10,000 Pesos ($450-2,000 U.S) and this would include water and electricity. Direct TV Sat, Cell phone and 3G modem Internet cost about $100 U.S/month. City land is astronomical compared to this (but may be affordable for Expat´s with Home-Sale cash from the North) especially in Buenos Aires, Cordoba and Mendoza. The interior is small-town living personified, affordable and like where you grew up as a kid. Amenities and conveniences you are used to are available at moderate price. 1st Worlder's will do well, violence is not an issue and living is sweet. Not a boring life.
I have my Bank in the U.S. and make withdrawals from ATM´s but some open a local bank account for the money they need monthly. Inflation make goods more expensive and currently most imports are banned. A Rentista Visa appears more complicated than I was led to believe. In 2011 1-yr Rentista Visa fee increased from a 2400 Peso monthly income requirement to 8000P (up to $1,833 U$D). Uruguay is still $500/ month, though it would be hard to make it on $500 in Uruguay - most rentals there require "Warranty" of future payment with a 2-yr contract, which is covered with loan collateral like a home or vehicle title or can be packaged with a monthly healthcare insurance policy from ANDA, a Uruguayan health insurance company. Still approaching $2,000 U$D/month you can live most anywhere in South America.
Ecuador´s Rentista Visa requires $800/month and some residency time in Ecuador:
Some Women want to marry me and handle my money. That´s why I´m Single. If I found a good sexy money manager with a winning disposition and real concern for me I´d divulge my personal info for when I get older and need care. One needs to compromise and therein is the Rub. Actually my Latina Girlfriend voices the same concerns as you, wanting me to give her my data and purchase medical insurance coverage I can use traveling among countries. At this point I don´t wish to marry if at all but that´s the clear path to attending to the aging problems you mention. Perhaps a good lawyer or someone in the Family could handle these things but just a snap decision on this is dangerous.
The locals don´t follow the laws to the letter - I think that´s what you mean when you talk about becoming Local, really *Local*. Cool.