20 Places Where You Can Retire With $150K

Bolivia

Bolivia’s famed salt flats continue to draw visitors who turn into retirees. The landlocked South American country offers mild weather, unique geography and a tiny cost of living. It combines the best of both worlds – busy, big cities and charming small towns. You’ll fit in better if you speak Spanish.

You can choose an area with a number of expatriates to help you adjust while you become fluent in the language. The towns of La Paz, Santa Cruz and Tarija let you live comfortably for about $1,000 a month.

The country does not offer a well-developed public health care system, so you’ll need to purchase health insurance. Use the private clinics there for the best care.

Like other countries, it is best to visit first before deciding to relocate. To do that, you’ll need to obtain a tourist visa from its consulate. Once you fall in love with Bolivia, you’ll need a “specific purpose visa” to live there. You must submit a letter stating that you plan to move there permanently. Include proof of your finances and submit to a police record check.