You would need your birth certificate ( new original), passport, interpol check, proof of retirement income of $1,000.00 per month and $500.00 per month for each dependent.

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Really, is getting a retirement visa in Peru all that easy?? I must say that in comparison with just about everywhere else, it seems too good to be true, if it is as simple as you say. No cash in bank deposit requirements?

If you have had experience with Ecuador, too, could you tell me why a single woman age 65 would want to choose Peru over Ecuador?

Last time I was in Peru was in the early 1980s....Cusco, Ollamtaytambo mainly.

Thanks for the info and opinions.

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There are no "bank deposit requirements" for the Rentista visa, only the income requirement and the fact that you can not work here.

I have never lived in Ecuador and honestly can say, I have no clue why a 65 year old single women does anything?

That being said, the main concern for most would be the economy.

Peru has the third fastest growing Economy in the world after the Philippines and Ukraine. By 2050 it will be the worlds 26th largest economy (by GDP).

What this means to a retiree who does not have RE or investments denominated in Sol's is that as the Dollar continues to depreciate (3.6 in early 2000's to 2.6 today) your personal inflation rate will skyrocket and may become unsustainable.

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Thank you, Alpineprince, for giving me the precise kind of information I need in looking at retirement destinations. I won't be working, at this age...so it comes down to where my pension (pretty good, not great) will go the farthest for the longest. Now I begin to understand better why other countries around the world that would be desirable to me as an expat home have investment and/or cash deposit requirements for resident visas. Their economies are nowhere near as robust as Peru's.

What do you think about Ecuador and Chile? I don't want to bug you about this, so if there is someplace on the net you can send me to get this kind of info for myself, that would be fine. I'm not very savvy on national and global finance....but I should be.

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I should say, however, that both of my pensions are eligible for annual US federal COLA increases. Do you think that this could compensate enough for the drop in the dollar? I don't know if that is going to be reliable, though. It is currently based upon a consumer price index formula, but there is perennial talk of changing the formula or discontinuing the COLAs. One of my pensions is from civil service, though...those federally employed congressmen are not likely to cut themselves out of any benefit, no matter how insignificant it may seem to the innocent public. In the national budget, COLAs for federal programs, Social Security, and military are a growing slice of the pie chart. If I could count on those COLAs and the CPI rising in the US (energy costs are not a major part of the formula), maybe my income could keep pace with the inflation rate in Peru. Bottom line, it's all a crap shoot to live somewhere as an expat. I like the idea of Peru's rentista visa not having entanglements. One can relocate relatively easily. What do you think?

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When I came here in Sept 2007, the rate was 3.2 soles to $1. The rate on the street this morning was 2.59 soles to $1. So the annual rate over this period would be 3.8%. Over the last 5yrs for which there are COLA increases posted, the annual avg rate is 2.3%, but in 2009 and 2010, the adjustment was 0, and those were the only years like that ever since 1975. So if the economy starts dipping again like it did then, the rate difference could cause you to lose a little; but then again you could also belt tighten a little too.

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Don't put yourself down about Global finance, as even those who understand it (myself included) really don't! I do not want to put any country down but I would have to say that Chile is more expensive than Ecuador and Chile and Peru are in the same boat when it comes to the effects of the Dollar. Besides, the obvious effect of the Dollar appreciating/deprecating against the local currency, you have the actual inflation rate of the country that must factored in.

I can not answer your question as to which of the three countries you mentioned will be the best place to live budget wise.

If you post your current budget, I can give you a better idea.

Another factor is your health. You will not be able to get MAJOR health insurance and will need to travel home if you have serious health issues that would be covered by medicare or your federal health insurance if you have it. Cost's of routine checkup's, medication,Dental and even most minor surgeries are much less expensive here, but if you do not have cash in hand, you will not get attention.

You also do not mention where you live and if you are looking for rural or city living and what climate you are interested in.

I will be moving my family to the States for 5 year's in the not to distant future and have done extensive research. I live in Lima (Miraflores) and many small US cities have a lower cost of living when all factors are considered.

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Alpineprince, I have considered the option of staying in America. There really isn't a place in the country where the climate is as "spring like year-round" than some locations in Mexico, Ecuador, and Peru that I have been looking into. I am one of those people who just doesn't tolerate heat and humidity, but is impervious to the cold. There is more than one reason so many people of my age buy travel trailers and become "snowbirds," following the seasons north and south.

No way I could afford a house just about anywhere in America--that is, anywhere I could stand to live. I already live in one of those cheap places...at least it started out being cheap when I moved here 10 years ago, but it, like most other small towns in America these days--is on a big inflationary spiral that is not about to end very soon.

Oh, and God help those (like my town) who let in a WalMart because the town needs the tax money. Bye bye within 6 months to any small retail merchant on Main Street, which becomes a ghost town. I have watched it happen in three small towns in which I lived.

The cost of utilities, water, insurance, and other homeowner costs has skyrocketed over the past couple of years everywhere in the country. In my own situation, all of the services connected with owning a tiny house have more than tripled in 10 years--some quadrupled.

Blame the petroleum crisis partly for that, along with poor planning for growth. The small town in which I live approved several large subdivisions of 5000 sf :McMansion" houses a while back ("we need the tax money"), which meant that the town had to drill several new wells, construct a big new sewage treatment plant, widen and pave the road, etc, etc...and so the property tax on my house nearly doubled over a two year period. The housing development is still less than 1/3 occupied, so that big chunk of tax money coming out of that new development is coming out of existing residents' pockets including mine.

Regardless of the outcome of the Presidential election, small town inflation will continue, right along with urban inflation.

I just don't see myself living out my golden years in Toadsuck, Arkansas in a ratty little house, when I could live for the same or less in a ratty little house (including utilities and also domestic help) in a country where the weather suits my clothes and a dental visit costs $12 once or twice a year (versus the $56 per month I pay, which only pays 50% of most procedures, after the deductibles).

Horrors! (End of rant)

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Why didn't you just say so in your first post? The place you are looking for is called Huanuco!

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Thanks, Alpineprince. Huanuco seems a bit hard to get to, otherwise beautiful. I somehow doubt that there are many expats there. How interesting that the temperature stays level at high of 80F and low of 50F year-round.

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Is there anyone on the forum who is or was living in Huanuco who could give he some idea of the general local culture, the expat communtiy (if any), the cost and availability of small houses, and any other info you would like to volunteer? Thanks.

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Huanuco was a big disapointment for me. It is a long way from anything and the city has almost no charm other than the central plaza which has moto-taxis everywhere and alot of horn-honking like most everywhere in Peru. Huanuco may have a good climate but the infastucture there is not great infact a senior would have difficulty walking the narrow sidewalks that were mostly in bad condition 11/2010 Forget about this place!

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Thanks, EcuadorDean. I got the same general impression from goggling around about Huanaco. Where do you like it best in Peru?

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penathey hello, nice place to live is more Cajamarca, its temperature is 63 F average. It has much countryside to visit all year round and can go down to the coast to 7 hours to visit the cities of northern Peru, which is more developed than the south, with highways, and modernity.

Huanuco belongs to southern Peru, a region that is still a bit to emerge

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To retire in Peru you need a certain amount from your pension. you will have to get those papers legalized with the Peruvian embassy in the U.S. before going to Peru also.Get ready for long waits, and running all over the place. you will need to do many things.. the one nice thing about it is, when you receive your id card you no longer have to go out of peru and return as you did in the past. I had to do that. to each their own, but if I had it to do all over again I would to Ecuador, it is much cheaper,,

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To retire in Peru you need a certain amount from your pension. you will have to get those papers legalized with the Peruvian embassy in the U.S. before going to Peru also.Get ready for long waits, and running all over the place. you will need to do many things.. the one nice thing about it is, when you receive your id card you no longer have to go out of peru and return as you did in the past. I had to do that. to each their own, but if I had it to do all over again I would to Ecuador, it is much cheaper,,

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To retire in Peru you need a certain amount from your pension. you will have to get those papers legalized with the Peruvian embassy in the U.S. before going to Peru also.Get ready for long waits, and running all over the place. you will need to do many things.. the one nice thing about it is, when you receive your id card you no longer have to go out of peru and return as you did in the past. I had to do that. to each their own, but if I had it to do all over again I would to Ecuador, it is much cheaper,,

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just to add a little to Trueno815's accurate info.....

The Carnet de Extranjeria [residency] is without expiration and has no additional fees as time passes.
Some documents you will need to have OFFICIALLY translated which could take up to two days and of course it will cost.
Just to say,, you could have your pension [ proof of income / need $1,000 per month ] legalized with a letter from the source of money and the legal translation would be accepted as proof.
Also.... you will need to have your Passport authenticated byt the US Embassy for presentation to Peru Immigration and the Embassy charges $50.00 for that. Keep in mind you can't just go to the US Embassy / you need to make an appointment in advance Online at the US Embassy website.
With the Carnet there are more things that you are able to do here and probably the most important is BANKING....

As far as Ecuador goes.. well,,, all I can say is:
VIVA EL PERU ! ! ! !

pistachio

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