economie

A boomer couple on Social Security moved to Guatemala because they couldn’t afford to retire in the US. After 2 years, they moved back.

Views of Lake Atitlán from Panajachel.

He loved visiting many of Guatemala’s historic sites, such as the colonial buildings of Quetzaltenango and the Baroque architecture of Antigua Guatemala. Rents in these cities were outside their budgets, Zimmerman said.

Prices were affordable for housing and daily expenses, which they paid using Social Security income. Zimmerman said they paid $400 a month for a furnished house with an American landlord, then rented a cabin surrounded by the jungle for about $350 a month. They also had a maid and a gardener at the home, which cost them about $10 a week.

Transportation on three-wheeled bikes cost 60 cents a ride, though Zimmerman said food costs were comparable to those in the US, given many products were imported. Going out to eat, though, was much cheaper — he recalled paying 50 cents for rice and beans, $1 for pizza, $2.50 for large breakfasts, and $2 for beer at a bar.

They had their electric bill subsidized, so they paid just $12 a month. Their cable bill was about the same as the US.

Zimmerman said they paid $12 for a US-trained doctor in their town, including for his wife’s gallbladder surgery. He acknowledged there wasn’t state-of-the-art healthcare in the town, though dental care was about equivalent to the US for half the price. He said his doctors would give them free medications.

However, they found the infrastructure lacking. They never drank the tap water, as they said it came from a ditch that sometimes smelled like raw sewage. Zimmerman said he got sick a few times from eating food from street sellers.

He often interacted with the locals, though he said his town attracted many US expats, meaning that most people he spoke with were not from Guatemala. Due to the large expat community, he didn’t learn Spanish beyond a few common phrases. However, he acknowledged he never acclimated to the environment and that the language barrier hindered him.

His relationship with the area quickly soured when he realized that many locals shot fireworks — which he described as “small bombs” — randomly each day as late as 4 a.m., which affected his sleep schedule. He said he was met with vitriol when he issued noise complaints.

Though he respected the locals’ cultural and religious traditions, he said he never got used to how religious his area was. He lived next to a church, noting the sermons were often blasted out onto the streets via speakers. He said traffic would often be disrupted during church services.

Moving back to the US — and paying more

They lived in Guatemala during the Covid lockdowns, which restricted the hours businesses were open and when residents could leave their homes. By then, Zimmerman and his wife had wanted to leave, and they decided to move back to the US during the Covid recovery period.

They bought an old Jeep and loaded it with their belongings, then, after some challenges at the border, drove through Mexico. They knew moving back to the US would be more expensive, though it was their only option given their finances. Zimmerman said they wanted to return to the comfort of the US for a few years before deciding whether or not to move abroad again. They also needed to pay a penalty for renewing their Medicare after dropping coverage when moving to Guatemala.

When they moved back to the US, Zimmerman estimated they had about $50,000 in the bank. He knew he had to return to work, so he studied a business intelligence tool to land a specialized position. However, he said he never became fully proficient and is considering working as a contractor.

They couldn’t afford to move back to the Seattle area, so after some time at Zimmerman’s sister’s place in Las Vegas, they moved to Illinois, living in cities like Belleville, Peoria, and now Rockford — which has a cheaper cost of living with fewer property taxes. They lived off Social Security while Zimmerman searched for his next job.

“Most of the people I worked with in Seattle now have high-paying tech jobs, and I am unable to find equal work here in small-town Illinois,” Zimmerman said.

Have you recently left the United States for a new country? Reach out to this reporter at nsheidlower@businessinsider.com.

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https://www.businessinsider.com/boomer-couple-couldnt-afford-retirement-moved-to-guatemala-social-security-2024-8