Question about $40,000 CD

5 years ago
Hi folks pretty new here I'm sure this topic has been discussed but I can't find it anywhere I just want to confirm.

Super interested in moving to Ecuador by the end of the year I'm a US citizen I'm 50 years old I do Not earn a pension nor Social Security.
I will not be earning income. I will be living off my savings nest egg.

If I open up an Ecuadorian cd with the required $40,000 do I qualify for a temporary residency.
Again no income.

Thank you

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