American Retirees Stretch Their Dollars in Ecuador

Almost 350,000 Americans getting retirement benefits live outside the country.
2:16 | 05/15/13

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Transcript for American Retirees Stretch Their Dollars in Ecuador
There -- thousands of Americans who want you to know they have found paradise at a place they never expected. Here's an interesting figure almost 350000. Americans now get their Social Security benefits shipped. Overseas and that's a dramatic increase from a decade ago. And our John Quinones caught up with a lot of them who say they discovered the secrets of the good life. Welcome to went Ecuador. It's more than 2000 miles away from the US. Some 4000 Americans living here Lake Tahoe right yeah yeah. Connecticut. Retirees. From all over the country and it's like -- never -- And insidious Dayton moved here from Las Vegas three years ago just over 43 swaps. That's the market. We had two choices. Accepting a lousy retirement or pay for something else. Then -- -- something else. But but. Those of us something else. And -- be happier. They left behind kids and grandkids in the states but talk to them every day via -- And the money they saved it means they can go visit more often. Their monthly budget was 8000 dollars in Las Vegas now slashed to 18100 in -- Jan and Paul cottage found their paradise here a year ago -- -- admits she took some convincing at first. When he was town and says what do you think about FDRI. Disperse and care. But -- -- has exceeded their wildest dreams check out this view. Their property taxes in Houston where 101000 dollars a year in -- 27 -- two. Another major draw high quality and affordable health care Japan's health insurance dropped from 640 dollars a month. To just 100 dollars per month and now you really love it. We really -- Bruno. At what Koreans called retirement but that seven and a the third and best chapter of their lives. John Quinones ABC news wicca. At what do.

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