FrancisFlex
New member
How empty can your bank account be?Reading this makes me want to go with Colombia, haha. How unhappy could you be if you can find a amazing wife/girlfriend? How happy can you be if you can't find a good one?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
How empty can your bank account be?Reading this makes me want to go with Colombia, haha. How unhappy could you be if you can find a amazing wife/girlfriend? How happy can you be if you can't find a good one?
Well I know you're joking about it but that's the thing in Colombia. In much of the world including most western countries. The girls are gold diggers. They probably wouldn't give a lot of guys the time of day if you aren't successful and have money.How empty can your bank account be?
Nah I don't necessarily think that the default assumption is that any white foreigner is automatically a sex tourist. I stood out but once they could see I was fluent, could communicate with them. Had a solid profession, well traveled, I didn't have any problem dating normal girls. I mean the OP is only in his early 40's so it's not like he is really an old guy. I've found that Colombia girls aren't afraid of dating older.Ive owned businesses and lived in both Buenos Aires and Medellin (and been to all major Colombian cities). Bogota is a cold, ugly, high altitude dump. Medellin is an attractive place and Cali has potential. However Colombian cities are inherently much more dangerous than Buenos Aires and as a white American (if that is what you are) you will stick out like a sore thumb and will always be a target and you will really only be able to date a subset of woman who are of a lower socioeconomic strata. The default assumption among Colombians is that any white male foreigner is automatically a sex tourist.
In Buenos Aires that is not the case at all, as you can blend in visually and there is no such assumption whatsoever about foreign origin males presence in the country.
In either country you need to speak Spanish otherwise you are totally missing out on what would otherwise be available to you.
But Stive. People always talk about the negative tax consequences of Argentina and "worldwide assets" but the truth of the matter is that Argentina is so chaotic and unorganized that they don't even police people living in Argentina and their own citizens. Just about 0% chance in the near term they are going to worry about what any American has abroad.This sounds like a good idea. as long as you are willing to transfer twice as much UDS per month from the USA (and deal with the tax consequences) so your Colombian wife will also qualify for temporary residency in Argentina.
Oh NO, I'm not claiming to be some expert. I'm far from that on this matter. I've never claimed to be an expert on this. And no one is saying the locals aren't fearing it. All my Porteño friends that own real estate in the USA, have bank accounts, etc. are all very scared. I'm not saying that. I'm more talking about the typical American that got a DNI and retired.I agree. It's hard to know one way or the other. That's my point. People around here (this board) regularly express supreme confidence on the matter, when at best it can only be a hunch or educated guess based on whatever criteria each one uses to think about the matter.
Here's the breakdown for me in order of priority.Oh NO, I'm not claiming to be some expert. I'm far from that on this matter. I've never claimed to be an expert on this. And no one is saying the locals aren't fearing it. All my Porteño friends that own real estate in the USA, have bank accounts, etc. are all very scared. I'm not saying that. I'm more talking about the typical American that got a DNI and retired.
I'm just saying that I've never in my 20+ years and many hundreds of clients that are all foreigners and have DNI's. I've never heard of even one case where Argentina tried to claim a % in asset tax from assets they held abroad. I'm not saying this will never happen. But OP doesn't come across as someone that has to worry too much about this.
Remember that Argentina has had several "tax amnesties" where they allowed locals that were hiding their cash abroad to pay %X and bring it back to Argentina. They were promised that they wouldn't get prosecuted. A sh*t ton came back into the country. They did this a few times. It's partly why the real estate market peaked in 2019. So much funds came back and IIRC, one of the conditions is they had to invest it in real estate or a local business. Needless to say a lot bought real estate.
Argentina will go after the easy fish. JMHO. Has anyone on this forum known any Ex-pat with DNI OR a local Argentine that were ever penalized or threatened by the Argentina government for assets they held abroad? I don't. And I mean personally heard the story. Not hearsay.
As far as Brazil. Yes, I much prefer Brazil vs. Colombia for everyday living. Honestly, if they spoke Spanish there I'd probably never have gotten married. I doubt I would have left Brazil. I still own a property in Rio. Although I studied Portuguese and conversational, it's a tough language. Also, Rio is super expensive now. Cost of living is very expensive there.
But the girls there are world class.
Your #1 priority is cost of living and that will be Argentina by a long shot. Same with things (there aren't too many things to do in most Colombian cities. I mean there are a few things but you will quickly get bored doing the same things and going to the same places over and over) restaurants and safety also go to Argentina.Here's the breakdown for me in order of priority.
Cost of living: Has to be low in order for me to retire early in the first place. I also want to be able to have a decent lifestyle with my budget and some buffer in case things don't go as planned. The 3k amount has to cover everything including medical, taxes, GF/wife, travel back to the US once a year, etc. (I don't have luxurious tastes) I think it's the case that both countries meet this requirement though.
Dating: Not much to say for this one.
Things to do/Restaurants: I don't want to be bored where ever I am. So, I want to be able to go out to restaurants and/or a shows/events, etc. It doesn't have to be the best possible stuff though. There just has to be a variety of decent things to do. I've a lot of access to the best quality shows/restaurants in the US, so I've had my fill in a sense. Also, I can mix in other places with occasional travel around South America.
Safety: For better or worse, I have a high risk tolerance for this. I've traveled enough to know where not to go and what not to do. Obviously, the place cannot be truly unsafe or that's out of the question.
I feel like from what I'm hearing the better fit would be Colombia. At least to start out to try to meet someone.
I think I should have worded what I wrote a bit differently. What I was trying to say is that cost of living is like a threshold thing. As long as I can afford it then it passes the test. Both Colombia and Argentina should pass the test even if Argentina is more affordable.Your #1 priority is cost of living and that will be Argentina by a long shot. Same with things (there aren't too many things to do in most Colombian cities. I mean there are a few things but you will quickly get bored doing the same things and going to the same places over and over) restaurants and safety also go to Argentina.
I'm not sure about healthcare costs in Colombia but in Argentina it's cheap and VERY good. Get a OSDE plan preferably 410 if you can. It will still be cheap if you're in your early 40's. Colombia actually is expensive in many things. I'm not sure how some locals do it there. Dining out, utilities for your apartment will be at least double in Colombia.
Really the ONLY thing Colombia comes out ahead is dating. That's it.
Your budget of $3,000 is decent but I didn't know it included going home once a year. That's going to be really expensive from Argentina. Flights are crazy expensive there the past few years. I recently went and it was $2,200 US dollars for each ticket and we flew down with family of 5 so that adds up. Plus the money you will spend in the USA. Do yourself a spreadsheet and put every possible expense on it. Be realistic with your budget.
Sure, of course the #1 priority is to make sure you can afford it. But don't discount what people are saying. Buenos Aires is going to be half as cheap (or even more than 1/2 as cheap) than most cities in Colombia. Easily.I think I should have worded what I wrote a bit differently. What I was trying to say is that cost of living is like a threshold thing. As long as I can afford it then it passes the test. Both Colombia and Argentina should pass the test even if Argentina is more affordable.
I think what you said earlier about meeting someone in Colombia and then moving to Argentina makes a lot of sense. That's like my high level take away from this super helpful conversation. To start out with Colombia with the understanding of the drawbacks versus Argentina.
I have a meeting with an attorney from Bogata to talk about visa options to live there. I think it may be harder to get than Argentina, but should be doable with legal help. We'll see what she says though.
Thanks for sharing that immigration service. I'll check them out. I've been meeting with different lawyer and accountants from both places and and it's really hard to nail down who to work with.Sure, of course the #1 priority is to make sure you can afford it. But don't discount what people are saying. Buenos Aires is going to be half as cheap (or even more than 1/2 as cheap) than most cities in Colombia. Easily.
For Argentina residency you can contact - https://argentinaresidency.com/. They are really good honest people. Lorena did mine over 20 years ago. She has helped many of my friends and clients over the years. Tell her Earl Lee says hello.
These days there are a lot of blogs and YouTube videos from ex-pats with how much they are spending so do some research or feel free to ask here. There are a lot of friendly, helpful and acknowledgeable people on this forum.
Also, one thing I forgot to mention that is VERY IMPORTANT and something that you should be honest about yourself moving to Colombia is do you want kids? Because that can totally throw off your retirement plans completely! I can't tell you how many friends I have that have moved to Brazil or Colombia to say they never want kids. Or they never want MORE kids (kids from a previous marriage). They are all ready to be selfish and take care of themselves or their girlfriend.
Only to start dating and then these Colombianas instinctively want to be moms and have kids. You're early 40's so I assume your dating range in Colombia will be mid/late 20's to early 30's. I doubt you will want to date anyone your age. Not that there is anything wrong with that. But trust me. In Colombia you're going to be dating younger. Girls there gravitate towards older guys than them.
And many of these girls in their late 20's to early 30's that don't have kids will feel their biological clock ticking. You definitely will fall in love eventually and you just have to be careful in retirement planning because that can totally throw things off. Kids are damn expensive. I don't care which country you're in!
So many of my friends even ones living in the USA that met Colombian girls here and married them are in this situation. With Colombianas you almost almost date younger. Even if you're not looking to. My best friend in the USA met a Colombiana here in the USA. He fell in love and they got married. My friend is 53 and his wife is 36. And what do you know she wants kids. That's why she divorced her first husband because he didn't want kids. So even though my friend had a vasectomy, he got It reversed and the deal is at least they will try. He is dreading having more kids as he already has 2 kids and hard to think about starting all over.
The very positive thing is Colombian women are the absolute best mothers and wives. They dote on you. They take care of you and your children. They love sex and it's mind-blowing good. Unlike any other women out there. So in that respect if it happens you're in good hands. The downside is kids are freaking expensive. So keep that in the back of your mind going in to this and don't say I didn't tell you "I told you". Ha, ha.
I've gotten permanent residency in a few countries. Some I did myself and most I hired an immigration attorney. My advice on that is go with someone that has been doing it a long long time. They will know the ins and outs. Typically you want to go with someone that you get a personal vouch or recommendation or that has a ton of good reviews online. I know there are a lot of immigration attorneys in Buenos Aires but go with one that has been around a long time. Don't always go just for the cheapest.Thanks for sharing that immigration service. I'll check them out. I've been meeting with different lawyer and accountants from both places and and it's really hard to nail down who to work with.
That's a really great point regarding kids. I'm open to having them if I met the right person and I can imagine that my partner would want them. The main consideration would be fitting it into my budget. How much would you say to budget roughly speaking for a kid?
Oof that's a lot for kid stuff. The US has gotten crazy expensive for everything. I would definitely stay down in SA with the kid(s). I have heard that good private schools can be expensive in developing countries, but home schooling could be an option since I wouldn't be working.I've gotten permanent residency in a few countries. Some I did myself and most I hired an immigration attorney. My advice on that is go with someone that has been doing it a long long time. They will know the ins and outs. Typically you want to go with someone that you get a personal vouch or recommendation or that has a ton of good reviews online. I know there are a lot of immigration attorneys in Buenos Aires but go with one that has been around a long time. Don't always go just for the cheapest.
In Argentina I got my DNI and then they renewed it 3 times and then I got my permanent residency. I don't think you have to be in a rush. But you're definitely doing it the right way. Lots of ex-pats just live in the country and never get residency. Just keep in mind in Argentina you need a DNI to open up bank account, etc. so it's helpful. If you bring a Colombia she won't have any issues at all with staying in Argentina. But they can do the process as well. It's easier for them.
On cost of living that's going to depend on the country. I'm still living with the kids in the USA so it's wicked expensive. It's insanely expensive as I live in California and the kids are in a lot of competitive sports so just on tennis lessons per kid it's like $250 dollars per week per kid. Then add in all the other stuff, clothes, food, etc. and let's just say it's much more expensive what I'm spending per kid then you're entire retirement budget. It's ugly but hope to move permanently to Buenos Aires soon.
+1 on the bringing the Colombian to BA. That is just insane to throw a major international move into the mix of your relationship. If she's from a good social class, she won't do it. If she's from a low social class, you are going to be paying for other family members or at a minimum all kinds of trips and gifts. Just don't go there.Bogota on 3k/mo will be tight if you want medium-high comfort levels. It's doable, but rent alone will eat likely eat half of this assuming you want to live in the rich bubble. BA I think my avg spend is like $1500-1600/mo and that's to include a nice apt in a top area, chef cooking all my food, dates / going out, etc. It's actually difficult to spend money here.
Also, the note on bringing a colombiana to Buenos Aires is awful advice. Will not elaborate much beyond latinos from other countries seem to have a tendency to adapt to the local argentine ways and change once they land in EZE. It's weird but I've seen it time and time again.
No I'm not saying you do this out of the gate. I'm saying long-term eventually if things work out after establishing "she is the one". I completely disagree with you that "if she is from a good social class, she won't do it". That's just wrong from my experience. My then girlfriend was college educated with a Business Degree and she moved out. Most of her other friends have also moved out of Colombia to other places including mostly USA.+1 on the bringing the Colombian to BA. That is just insane to throw a major international move into the mix of your relationship. If she's from a good social class, she won't do it. If she's from a low social class, you are going to be paying for other family members or at a minimum all kinds of trips and gifts. Just don't go there.
Yeah the USA is NOT cheap. For raising kids it was great as my kids were born in Argentina so they have passports but I didn't want to raise them there. Raising them in the USA was perfect (but expensive) but once they are out of high school I'm back to Argentina.Oof that's a lot for kid stuff. The US has gotten crazy expensive for everything. I would definitely stay down in SA with the kid(s). I have heard that good private schools can be expensive in developing countries, but home schooling could be an option since I wouldn't be working.
I haven't been to Argentina in a little while, but I'm pretty sure you can find flights there for much less than 2.2k. Did you fly first/business class? It would just be me flying. So, you amortize that over a year and shouldn't be a big a hit to the budget.
Sure, since we brought wife material into the mix I think all countries are worth discussing. I've been all over Mexico and dated a lot of girls there too. I have permanent residency in Mexico too. Mexico is by far the easiest country to get permanent residency in. I did it myself without a lawyer. It was very easy.If we're talking wife material, and this isn't just Argentina vs Colombia anymore, because you brought the USA into it, then I think the women of Mexico deserve at the very least an honorable mention.
Let's not forget that, as the years go by, a woman's good looks will fade quite a bit, but her cooking will only get better and better.
Receive personalized job market insights from seasoned expats in your area
Discover local cultural nuances and festivities shared by community members
Get your tailored expat living guide curated by experienced locals