The Ecuador government has made a decision that is very good news for would-be retirees overseas and one more reason this country is one of the best places in the world to think about settling in for retirement.
You may be surprised to learn the two biggest expenses often faced by expats. Most of us think of rent. Or food and entertainment. Or taxes maybe. But in my experience, many expats spend more on two other expenses.
In some places around the world, it is possible to arrange good health insurance for less than $100 per month. In some places, the cost of medical care can be so low that it can make more sense to pay for it as you need it, rather than insure against it. And, in some places, health care can be free.