Recession Blues to Ecuadorian Views: Edd and Cynthia’s Retirement Adventure

Edd and Cynthia Staton were on track for a happy retirement, but life had other plans. The Great Recession killed their careers, home value, and savings. Instead of throwing in the towel, they devised an outside-the-box solution: moving to Cuenca, Ecuador.  Initially, they were banking on the lower cost of living to make ends meet. Today, their story is a testament to the power of resilience and adaptability. They've transitioned from surviving to thriving! Residing in a 3,000-square-foot penthouse apartment, they can still afford a housekeeper, dine out frequently, and cover health care costs. They even walk to their favorite yoga studio. Ex-pat life has become more common for retirees in the U.S. According to the Social Security Administration, the number of retirees drawing Social Security outside the U.S. saw a staggering increase between 2007 and 2017. Those looking to do so in the future might want to ask Edd and Cynthia for tips. They’ve authored three Amazon #1 best-selling books, are regularly featured in major media, and run their own online program: Retirement Reimagined! The affordability of living in another country has given Edd and Cynthia the freedom to explore the retirement happiness they’d always dreamed of having. If you’ve ever considered the idea, today’s episode is a must-stop on your itinerary.  00:00-Start 01:51-An Unexpected Path Forward 08:15-Timezone Matters 11:54-Walking Around Paradise 17:44-Retirement Reimagined 24:07-Committed to Community and Health 33:04-Navigating Healthcare 38:42-Life on our Schedule 44:07-Purpose and Play Learn more about your ad choices. Visit megaphone.fm/adchoices