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Home Countries Colombia

The Facts About Retirement In Colombia

A Tranquil Life For Less Than US$1,000 A Month

Kathleen Peddicord by Kathleen Peddicord
Aug 27, 2023
in Colombia, Retirement/Living
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Panoramic Landscape Overlooking The Poblado From The New York Hotel Medellin, Colombia,

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The first time I ever recommended Americans think about retiring overseas was back in 1985.

When I began making these kinds of suggestions, I was sometimes met with suspicion… sometimes ignored… now and then even attacked as part of the lunatic fringe.

The good news is that today the idea of retiring outside the country where you happened to have been living up until that point is no longer considered crazy.

Close to 15 years ago, I made perhaps the boldest recommendation of my career…

A South American gem nothing like you’d expect…

Pretty, pleasant, sophisticated and chic, welcoming and affordable… a place on track to become one of the world’s most sought-after destinations, for both retiring and investing.

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas In

 

I’m talking about Colombia.

The image of Colombia as a dangerous land of cartels is decades out of date.

Pablo Escobar died nearly 30 years ago, and Venezuela’s instability has led to the best U.S.-Colombia relations in modern history. Colombia now even has the backing of the AARP.

What makes Colombia such an appealing retirement destination?

Truth is, it checks every box for would-be retirees.

Colombia has:

  • “Perfect” weather… it’s mild and spring-like all year long, so no need for heating or air conditioning
  • World-class health care… 8 of the 35 best hospitals in all of Latin America are located here…
  • A rich cultural scene… complete with theater, orchestra, world famous artists, and exciting events…
  • An affordable cost of living… You can live well on US$1,000 a month, or in outright luxury on double that…
  • Great investment potential… for both the capital gain and the income investor…
  • And the real estate? It’s a screaming bargain, both to buy and to rent…

People have already begun to discover this hidden paradise…

In time, even more people will realize the truth. Until then, opportunity abounds for those savvy enough to see past the myths to the reality of what this beautiful “City of Eternal Spring” offers today.

Aside from the bargains, the people here are polite and friendly, the streets are clean and safe, and the infrastructure is international-standard.

With its restaurants, cafés, galleries, and shops, this place feels more European than Latin American.

OK, brass tacks…

How much will it cost you to retire in Colombia?

Colombia offers a cultured and tranquil life for less than US$1,000 a month…

But it depends on where you choose to live… and how you live.

Which communities make most sense for you given your personal preferences, priorities, and budget?

I’ve been scouting, researching, and living in these places for more than a dozen years. Lief and I were so smitten with the way of life on offer in Medellín that, in 2011, we decided to invest in a part-time home of our own here.

As a result of all the time we’ve spent in this part of the world, we’ve been able to build an inner circle of trusted advisors, including lawyers, business owners, local professionals, retirees, and expats, with decades of experience living and investing in Colombia.

And in just a few days’ time we’re bringing this special group of people together for the 2023 Access Colombia Online Workshop.

The Access Colombia Online Workshop has been designed to give you the expert information and insider access that you need to make the most important decisions about your new life in Colombia.

Our on-the-ground expats and experts will give you the inside track on the wealth of opportunities on offer here as well as warning you of potential downsides and pitfalls to avoid.

Whatever your goals, you’ll come away with the locations and insights you need to put your best foot forward as you start your Colombia journey…

I hope to see you there.

Until next time,

Kathleen Peddicord signature

Kathleen Peddicord

Founding Publisher, Overseas Opportunity Letter

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Tags: 'Colombia''Expat Life''Retirement Lifestyles'destinations for snowbirds
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, CNN, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her Best-Seller book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

Her latest book is "At Home At Los Islotes," where Kathleen shares her life's adventure in Panama.

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