Argentina has all the ingredients to be a great country, no doubt: multiple natural resources, beautiful geography, educated people, good infrastructure, cultural amenities, an European culture with Latin American roots, especially in Buenos Aires and other major cities, etc. Hopefully Milei will turn it around,
@@kippsguitar6539 Of course, Argentina is not in the tropics; it has a temperate climate for the most part, with weather and geography from desert with cacti and mountains in the North to cold winters with snow and glaciers in Patagonia and the South. Mar Del Plata is an excellent resort and beach city (it has a casino) but the water (Atlantic ocean) is cold. Brazilian beach waters are warmer,
Milei is destroying the Economy and you can’t receive Social Security in Argentina. I am Argentine living in the US and retired and wouldn’t be able to receive payments in that country!
I'm a 33 years old Argentine living in Spain at the moment but looking forward to invest in the country, create jobs, and help with its recovery. VIVA LA LIBERTAD CARAJO!
I agree, Argentina seems like one of the most exciting places to invest and even move to right now. All the pieces are in place for a strong rebound, they just have to resolve the monetary situation.
I was there for 2 years through Covid. Absolutely beautiful country and with Milei finally has a chance to give its wonderful citizens the future they deserve. I may spend next winter (European) in Ushuaia.
@@fiveleavesleft6521 Ushuaia it's very very beautiful, try to eat the cheesecake of "Olmos" Bakery, it is located in the main avenue of the town, near the prison-museum.
Hi everyone! I noticed the comments, and I want to share that Argentinians are genuinely friendly. Friendliness is linked to better mental and emotional well-being. In Argentina, we value and nurture friendships authentically. What sets our friendships apart? Argentinians are warm and affectionate, making you feel welcome and assisting with language barriers. You might even pick up our Spanish-Italian accent! Buenos Aires offers numerous free or affordable cultural activities, reflecting its cosmopolitan and open-minded vibe. Late-night bookstores, cozy coffee shops, theaters, museums, festivals, and concerts are just a few options for fun and finding new friends.
I am planning to visit this year. I want to go to a soccer game there. It will be nothing like soccer in the US which is not as popular. It looks like the season starts in May 12??? Is that FIFA? Can you tell me which team I should go see? I want to get the full authentic Argentina soccer experience.
Im Argentinian in Australia and after 50 years, I'm close to retiring and would love to move back to Argentina one day. I am happy with the new President but I am worried that the left will make life impossible and will eventually topple Milei. If he manages to get the country going forward, he might survive to go onto a second term otherwise they will be back with the systemic corruption.
This is the risk, it happened with Macri, people expected sudden improvement but that is impossible after so many years of mismanagement and corruption.
The left are vicious in every country. Look what happened in Brazil. They even broke the law to get Lulu back on the ballot and a corrupt criminal gets re-elected. I still do not believe it.
I am an Australian living in Bali, I am planning to move to Argentina in a month to learn a language and look for a small business. I think this is a good time to start some thing small there. I have been teaching English with International schools so I am thinking to work as a teacher part time and see if there is an opportunity. Let me know when youre moving Tony and what are you planning.
@@johnwilly1886 No I'm just thinking about it, one day but not in the next 2 years at least. I need to see the situation there if it improves. Business wise for you, hold off. The new President is trying to eliminate some of the worst laws that hinder society, especially in business. Laws that have been created to benefit the corruption by previous governments, Unfortunately there are still parts of those governments as representatives in opposition which are still big in numbers and are just not allowing Milei to govern but there is a light in that tunnel in late 2025 where there are mid term elections which could mean that a lot of that opposition might be elected out and the country move to a way that this new President wants it to go and so do the people. Plus security there for business, well it's just not the best for newcomers...As for other stuff like teaching, yeah why not if you are not going there to make money on what you're going to get paid. Do it 'for the love' because the income you will get there at the moment isn't much so you'll be dipping into your savings. Not sure if you know Spanish but I watch La Nacion+ here on RU-vid everyday and they seem to be a very positive station as far as supporting the new govt. It's mostly political news and some more. You have other TV channels here that support the old regime and the bias there, like the USA is far greater than here in Australia. Anyway I hope this helps and if you have any other questions, feel free to ask. Cheers!
👉As an Argentinian I can say, we hope that everything will changes towards the right path in the country. We recently got a libertarian president, many people have changed their minds and appreciate the value of living in freedom. We hope for safer cities, prosperity... at the end, a much better place to live. The new president needs to make big changes, but everything will improve by the end of 2024 and ahead.👋🇦🇷
You are dreaming, you don’t understand how the Economy works, less jobs, more Imports will give bigger instability and now crime. I live in the US and I am Argentine. Take basic economic classes before you give false information or opinions!
If things are ever to improve in Argentina, there will need to be some pain, which is likely to trigger unrest, which is why is why the nation's probably best avoided in the near term.
In Argentina if you have money you'll live as a king. Having a foreign pension is perfect as you avoid local inflation and economic risks. I would buy a property as the housing market is strong there as most own their properties and less affected by crises. Could be a wise investment now that Milei is in and the country is focusing on opening up to foreign investment.
Just spent a week in Buenos Aires and loved it. You can walk for hours through Recoletta, Palermo, and Beltran. All of these neighborhoods are prosperous with more restaurants, cafes, and parks than can be imagined and filled with friendly and healthy-looking people who maintain the city beautifully. Chances are you will see some dung on the sidewalks, but unlike San Francisco, it’s not from humans. It looks like you can buy a large residence in Beltrano for 500-600k usd.
I am in Buenos Aires right now. It’s amazing. The culture here is so open. They respect the elderly. Co workers greet each other with a kiss on the cheek A bus ride is 60 pesos ( 6 cents US) Uber rides are 2,000 to 4,000 pesos ($2 to $4 US) You can have a coffee and two small croissants at McDonald’s for about $1 US Steak and a bottle of wine about $40 US
Neal are you retired from the US? How do you get your US money into Argentina so that you can live? Do you do transfers on a weekly bases to pay your bills?
@@tropo100 which Is your standard for 'safe' ? Madrid? Stokholm? Wichita? By far BA Is the safest megacity in the continent... If looking for a 'safe' place like Iceland, move to SW of BA Province. No joking
As you were talking throughout this video, I couldn’t help but notice that every time you mention something about what Argentina has been experiencing overtime I kept finding myself saying, “oh yeah, that happens here in America to, oh that’s happening here just like there”.
I'm no economist but it seems like if you rack up tons of debt and spend too much, the outcome (faster or slower) ultimately ends up similar regardless of who or where you are.
@@laptopseniors Yeah you're definitely no economist, at least you got that part right. US unemployment is a multi year lows, the Dow is through 36k and corporate profits at are historic quarter highs. The USD which should be collapsing if you are right remains incredibly strong against a basket of currencies. And all in an absolutely horrible global economy. How is the Eurozone doing v US. How about Japan? China at least must be kicking America"s butt since they are the ones lending much of the money. They are fiscally very conservative compared to debt ridden US. So let's take a look shall we? They've stock market is in the crapper, youth unemployment topped 25 percent for the first time in October, something the government immediately addressed by announcing they'd no longer be reporting youth unemployment figures🙄 and housing, which accounts for a staggering 25 percent of GDP, well let's just say it's not looking too solid either 🙄 So explain this to me then if the only metric that matters is how much debt you carry "regardless of which country you are".
As a retired Canadian in Argentina, and NOT a Liberal/Democrat (I lean Right), I can tell you I LOVE living here! Electric vehicles are not being crammed down our throats, red meat is encouraged, and being a "colonist" is not a bad thing. I would take this over Trudeau's woke vision of Canada anyday!
Excellent video, thank you. I'll be retiring early 2025. Panama is at the top of my list for my retiring overseas plan. But, now with the likely positive future changes to Argentina, that country may be in the running for me. Also, with all the existing, out of the US, dollar denominated debt, it means the US dollar should continue to strengthen with respect to other currencies. So, that should go a long ways towards the benefits for American retirement arbitrage in the future.
I took a two week vacation in Argentina in 2009 during the depths of the global financial crisis and it stands even today as my most wonderful and cheapest vacation I have ever experienced in my life.
There are some things to consider for the next two to eight years for Argentina: One, inflation rate is expected to be at least in the range of 400% in 2024 even if Milei do his best (Potentially, it could be more than 12.000%. Yes, twelve thousand); two, many things may be cheap now but with a new currency adopted and a big development process that might be no longer the case (Still, it'll way cheaper than many countries probably, which is great). However, Argentina's future could be really bright if everything goes the right way. So, to anybody interested in Argentina, i hope you enjoy our country and wish you the best. Cheers.
When I spent four months in Argentina in 2013, the official peso as 6 and dolar blue was 10. Now, dolar blue is 1000-1100, depending. Yet, prices are effectively the same as they were ten years ago. Apartments, cars, food are all about the same in dollars. I spent three months there, this year, and my tent was less than half of the US. Food and dining expenses were about 1/5. Two people can live fine for $1200 a month and very, very well for $2000. Going back in January.
@@BOULDERGEEK Sure, in USD the prices are practically the same. But in the local currency you can expect a pair of sneakers costing almost the same as a cellphone, an absurdity just because of the exchange controls a.k.a "cepo" and ludicrously high taxes. Things which got costlier even in foreign currency are cars an any electronics coming from outside the country, again, thanks to taxes.
Well-considered video. We're very enthusiastic about Argentina, and are going next month for a scouting trip, hopefully to be based there in the next six months. Argentina is a potential monster economy, and Milei, after listening to him in Spanish a lot, is very intelligent and astute, in my book. Argentina may excel or may crash and burn, but the ride will be fascinating.
We bought land to build a house in a modern barrio privado, earlier this year. Hoping Milei only makes things better and not more expensive once the construction phase starts. We look forward to part time living in Argentina starting in 2025.
@@BOULDERGEEK I'm Argentine and I think you did right. In two years or near I believe the Milei policies will be successfull, but even if I'm wrong, I think Argentina has potential even with anoher politician, most people are tired of Kirchnerism/Peronism.
Zero time wasted on that video folks, every second, including the random stories that are clearly first hand memories popping up in the course of your natural delivery. Thanks so very much for the fabulous first and second hand real info. So hard to trust what the media wants to hype, just like what they're doing to Ecuador right now making it sound like the killing fields. Cannot believe you are near 76 Pat! Clearly MUCH older man than your better half! You folks have been living well to be doing so well.
Thank you John. Guess good genes. Travel is our thing instead of big houses, cars, lots of toys etc. We just love the world and different cultures. Plus we actually live fairly cheap. Not that hard when you get out of N. America.
Great video. I like 🇦🇷 Argentina, been there 5 times. Loved Mendoza, it would be a good choice. Bariloche is to be considered also. And BsAs is awesome, the culture, food, and everything is great. So, in short is to be considered and should be in the retirement radar
I considered Argentina for a couple years, but after a year of Spanish lessons, the language barrier seems insurmountable. I'm sure it would change were I immersed in the language, but could I take the pain? I wish the German mountain towns were still going - I would have half a chance. But not so. Two things still appeal to me: (1) The quality of infrastructure. Argentina is Europe. (2) Stay for three years and you become a citizen.
I have only a few years of studying Spansih when traveling in Mexico, Centro and South America. I speak like a three year old. But, it's enough to get by just fine in Argentina. The castellano is very Italian and Espana influenced, so Mexico Spanish won't be very relevant. But, when you leave the grocery store with five pounds of fresh fruits and vegetables, a whole chicken, a kilo of filet mignon and a bottle of great wine for $20 total, you tend to accept a lot. That's easily $200 for us in the US.
I would say this. We went to Uruguay and Argentina with 11 half hour lessons in spanish ahead of time. That was enough. Then...when there, you're immersed so stuff/words/phrases just come to you after awhile and your spanish grows. Plus AR spanish is easier to pick up for some reason. I would suggest Pimsleur's audio lessons (what we used). Try Spanish I. After that, II & III. 90 lessons. You'll be pretty decent. There's NO memorizing and no writing. Just audio. The concept is that a 5 year old can talk pretty darn good before going to kindergarten or first grade where they start to read/write. So you can become a 4 year old just by listening and speaking via the lessons. Your pronounciation will be perfect because you're only reference is hearing a word, not trying to read and pronounce it. For us...they work.
I think Milei is brilliant. Argentina has had a downward trajectory for 70 years. He is doing exactly what needs to be done. Don’t make apologies for him. He speaks a lot of truth. I don’t mind his brashness. It’s better than the constant lies from the other side.
It wasn't a hundred years ago. Peron was president from 1946 to 1955. Then again from 1973 to 1974, when he died. During his first term in office, women obtained the right to vote, work hours were reduced, paid sick days and vacation days were generalized for all industries, a minimum wage was established, rural wages were increased, and much more. As for Milei, he's talked about privatizing the healthcare industry. He wants to deregulate the economy by adopting the dollar as the country's currency (ask Ecuadorians how well that has worked for the average person). he also wants to eliminate the central bank. He already altered or revoked 300 regulations. Health care was not spared. "As part of the decree, price caps and controls on the costs of private health insurance plans were eliminated, leaving them to shoot up as much as 40%. We expect that, during his presidency, the role of private health providers will increase, which could heighten health inequality in the country and make health care unaffordable for the majority of the population, said BMI." How's that helping Argentinians? Milei is another RW politicians that is eroding the country's social safety net in favor of benefitting the wealthy and corporations. Think of him as a Republican.
It is crazy to see how the rules of the game have changed six months after this video was released. The gap between exchange rates is closing and is expected to disappear in the coming months, so financial arbitrage will no longer be possible. The inflation rates are being tackled too. An apartment in Buenos Aires can be bought for 100K USD or less, which is cheap by US standards. Mortgages are now being offered by many banks, so you don’t need to bring the money in one payment necessarily. Nice video, and thanks for considering my country for retirement. You are always welcome! 🇦🇷🇺🇸🇨🇦🇪🇺
@@laptopseniors You bet! Looking forward to traveling down to Argentina. You mentioned in the video that you have lived in Uruguay, do you have any videos about that country?
Thank you very much for your response and videos. I have been drawn to Argentina for years and feel like it might be the time to go. I had just worried about having my possessions taken by the Argentine government since that has happened before. I know there is San Carlos de Bariloche that looks like a Bavarian city in the Rio Negro Province. It has a beautiful lake and mountains around it.
Definitely I would choose Bariloche, Neuquen, San Martin de los Andes, San Rafael, Tandil, Parana (Entre Rios), San Luis, Santa Rosa or Catamarca over Buenos Aires.
I love your content. What would you recommend for countries / strategy for someone in early 40s who is thinking now about buying a place to retire in at 60.
This guy touches on that and more. We've been dealing with Visas and following this stuff since the 70's. He does really good videos with explanations and specifics. I'd recommend watching his latest on Argentina as he touches on visas and requirements etc. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-UYs4DCEsdBI.html
I just got my Mexican permanent resident visa. It's one of the easiest visas to get but Mexico isn't cheap anymore and the Canadian dollar is weak. 30%-35% less than the USD. I've been interested in Argentina for a long time and with Javier Milei as President and possibly moving to the USD with the help of Dr. Steve Hanke who helped implement dollarization of Ecuador. Hanke's advice, proposed dollarization for Argentina - first in 1995 and again in January 1999. In February 1999, Menem asked Hanke to prepare a dollarization blueprint for Argentina. This proposal was never acted upon, and the convertibility system ultimately collapsed in 2002.
I just saw a very flattering financial article on Bloomberg about that. Evidentliy Wall St. liked his visit, his pick for Fed Chair, and what he had to say. An interview he did most definitely was that he's banking on copying Ecuador in how they moved to the US dollar....only not making the mistakes they made in timing.
Bear in mind that Ecuadorans lost 50% of their equity and net worth during their dollarisation period. I'm in Ecuador, now, and locals talk about an absolutely miserable three year period. I feel for anyone who is bagholding pesos and being paid in Argentine pesos. Their system is effectively already using USD as the currency for all real transactions. I bought land and had to bring a sack of money in hundreds. It's like a movie. You lose a lot trying to transfer US funds to Argentina, though, as the dollars are greymarket and smuggled. Hopefully Milei will help with that.
I have friends in Canada and they are really in difficult position when it comes for qualifying for the financial requirements of the countries they want to retire to due to horrible USD exchange...
I go to Montreal every summer for the festivals and wow post Covid I got sticker shock with how much stuff costs. If it wasn't for the USD discount, I would not go there anymore. The country has moved too far left and the results are terrible.
Nothing similar yet although it may be coming. This guy's company is an expert on expats moving all over the world. He too just did a video on the election in Argentina with a focus for visa's and citizenship there. And, a similar positive take like we have on the future of the country. Try this video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-UYs4DCEsdBI.html
Thank you for the overview. Just starting to research. Would you mind posting the link to the website that had the apartments listed? Assume you can find better prices with local companies than airbnb? Or how did you find your rental? Than you!!!
It is refreshing to see intelligent people commenting on "sensible" retirement. Recently I had United Airlines suggest I NOT fly to Panama as the road to and from PTY was often blocked. I have had a Pensionado Visa there since 2005, and after the latest video from Bob Adams, a strong intelligent booster of Panama for years, he was not optimistic in the short term for the country. But I remember the controversy about expanding the Canal, and it was done and is successful (they need rain!) Argentina has been on my radar but living in Arizona, (being able to have lunch in Mexico!) it is quite a hike! Like you Pat, I am older, 78, and often must consider healthcare concerns, no matter where. This video did not reference that, which makes me curious. Thanks again for the intelligent comments on Argentina and its potential.
Thanks Chuck. We gave blood for a friend in BA and the hospital was ok but rundown looking. Odd fact.... in BA if someone is to have an operation that will use 5 pints of blood. You, or friends etc need to deposit 5 pints before they'll do the operation (assuming it's not life and death). But, our Canadian friends in BA say they've gotten excellent care in BA. On some counts better than in Toronto. But I think each situation and person ends up different no matter where you are for health care.
My understanding that UA has stopped their flights into Tocumen (Panama City airport). I'm a permanent resident here & I thought this was going to be my forever home & I'm definitely reconsidering my options. Live here in Chiriqui province ( Boquete) & we've been virtual prisoners for 35 days. All the roads have been blocked, no medications have been delivered during this time, businesses and people have been suffering. For almost 30 days, there was no fuel, until shipments started coming in from Costa Rica, though not enough for the population. There is black market gas being sold on the street for $10/gallon. Most of the channels on Panama, people don't live here, they live in Coronado or Panama City. Life there has been pretty much the same for people in those areas, but not for the rest of the country. Bob Adams is a cheerleader for Panama & always chooses to see the most positive outcomes. If you want to really know what is going on check out this site for daily updates on Panama: www.igopanama.com
@@laptopseniors Mary is the creator of that channel, I don't use FB but supposedly she has 30k active followers there. What I've found helpful regarding the daily updates on the protests was the translation from La Prensa articles. Since the majority of new residents in Panama don't have the command of Spanish to read an article without translation this has been helpful. While the mining contract was voted unconstitutional this morning, we are seeing that Saul Mendez leader of Suntracs (one of Protest Groups) is saying that the roads will remain closed until the mine is officially closed. A full closure of the mine could take years. Let's see how this progresses. In an earlier article in La Prensa, the government had seized 18 bank accounts that had terroist activities to one of the protest groups.
@@mtngrl5859 Translating local spanish news into english is huge for everyone out of Panama. I was pretty sure the Supreme court would kill the contract. If they didn't, Panama would owe the company big dollars. But now, without a legal contract, it's moot. It's odd though that the mine has been operating for years with no pushback, and seems to add a lot of jobs and a huge amount to the GDP of the country. Now, sort like killing the golden goose. There must be more to it all.
I'm going to be 76 in about a week also and I watch your videos quite often, and hope to meet with you when i decide to move to Panama next year. Keep up the good work and have a happy Birthday too.
No title really. We bought that at a school store selling student art in Cusco Peru. There were thousands of that painting everywhere. Must have been the subject that all students painted. We thought that one was the best of the lot. Think it was around $80, which was amazing considering its size and quality. No idea of the student.
I hope you see this message. Where do I go to find rentals in Argentina? I lived in Patagonia would like to go back. But my partner is gone and It would be too lonely down there for me now. Maybe Mendoza BA is too large for me. Enjoyed your video, thank you.
The colour of the Pink House represent the union of both fighting sides of the 30+ years civil war. One side had white bannert, the other red. The first president after the war mixed the colours to represent union
I was in BA back in 2016 for about six months. Beautiful city, nice people and nice climate. Its back on my radar after this presentation. The only problem is its like at the edge of the world lol. However, if I go back, ill probably retire there for good.
I strongly considered moving to Argentina until I heard there is no stability in the renter market. What your apartment lease is today is not necessary what your cxompelled to pay tomorrow. Please tell me i am uniformed. Erik
Thank U. I see Panama going there where Argentine is now. I was checking for a while now if Panama would be for me to life. I'm retired and life in Thailand but i have enough of the chaos in almost everything and extreme Visa laws,danger, bad air and water,extreme corruption,Coups, and "non Thais" pay for many things, officially, 2-10x more. The Canal problems r getting extreme,foreign investments going down,less Tourists,Clomate crisis,extreme corruption,more Demonsrtations in the Future, now that they know what to do the next time...Just too much chaos coming im afraid. U take care.
Argentina has a lower crime rate than the United States by far. I’ve been traveling there since I was a child as my parents are from there. I feel safer there than I do in the United States.
Finally! Thank you so much! I have been waiting for this! 😅 My husband and I are 57 and we are seriously considering retiring in a quiet community in Argentina. Any insights you can offer are appreciated! Thanks again!
Just saw him in another interview (gotta love youtube), and he's going to copy Ecuador's move into the US Dollar. That took 9 months from when they started the process in earnest. Basically attrition of the peso until it reaches around an 80% mass of dollars and then a full flip. So...basically the anomaly of the great exchange rate will be going on for at least a year - year and a half - for expats with other currencies.
I am a US citizen and have lived in Bolivia for 35 or so years. Don't laugh, because it is in my opinion, a well kept secret. You might want to consider it.
@@robertboni3776 We have open minds. We are willing to consider all options. The reality is that we retire in 8 years and may live for another 30 so we will need te ensure that our pension last! Thanks
If you like a quiet. city with warm dry weather, I recommend Salta. I've decided to start off in Buenos Aires and then look further a field. My favorite neighborhood in BA is Recoleta.
Most Visited Real Estate Websites in Argentina, November 2023 Position Website Bounce rate 1 zonaprop.com.ar 51.26% 2 argenprop.com 51.67% 3 remax.com.ar 45.17% 4 idealista.com 39.47%
I lived in Argentina and where your not telling the real story. They sell property not in pesos but in Dollars. Don’t be fooled when they talk about the how cheap property could be. I lived there for years. The advantage is you can pay month in advance. I had a 2 bedroom apartment. They rent in dollars value I now live in Brazil
Your whole arbitrage hypothesis is dependent upon the US dollar retaining its value vs other currencies. Also, if the discovery of oil was the definitive factor of a country becoming wealthy, Venezuela would be the wealthiest county in the world.
It's funny, you don't hear much about retirement in Peru. We visited Lima, Cusco and of course Machu Picchu in 2004 and loved the country. Lima was a bit rough back then in some areas but still it was great.
Thank you for the informative video. I would like to know from you the following please: How is the quality of the medical care overall in Argentina? How is the overall personal safety? Is it safe for a foreigner to open a bank account in Argentina? How is the visa situation for foreigners? How is the cost of living overall? Thank you.
Not sure about the bank situation right now. I'm sure that's changing as the government loosens and changes things. As for all the rest, they're good. Especially if you have money that's not pesos (US or Canadian dollars, Euros etc)
My question and I don't want to sound like I know much of what I'm talking about because I don't. My question is why isn't even cheaper there than Thailand or the Philippines? Maybe it's because it's a major city but in those areas you can get a furnace modern apartment for less than $300 a month and it's nowhere near the exchange rate it's like 50 to 1
That's a great question Andrew, and tough to answer. It's clearly cheaper to live in Thailand, Philippines/Bali, Viet Nam etc than even BA. It's really odd. Might be lower labor costs, material costs, taxes? Could be way less social programs so everyone has to work and that drives everything down. Not sure. The exchange rate enters into it all definitely. Just not like in Argentina. And...Bangkok metro is 14 million, so comparable. It's always fascinated us when traveling at why something...the exact same whatever....will cost 1/2, 1/3, or sometimes only 20% of what it'll cost in another country or for sure the US or Canada. They just do. But because of all that, retirement opportunities abound in a lot of other countries.
That oil reserve would’ve helped tremendously decades ago but isn’t the world moving away from fossil fuel in the near future ? If that oil extraction project ever happens it might be a bit too late by then.
Somewhere around 80-85% of the world runs on oil, or uses oil (it's in virtually everything that's made...including electric cars). Govt. estimates park it at at least 50 years before western countries are 'electric' mainly. So...long horizon.
Surely -- this can't last ? --- What is the worst that - '''could''' - happen ? --- The people must be fit to be tied and have had ''enough'' ? > Potential of the country should be worthy for many in Congress to help them out - perhaps with stipulations in place ? - - - Seems very risky for old people to retire there given the 'uncertainty' for the strength of their retirement dollars ? The inflation '''potential''' scares the hell out of me !!!
Individuals resident in Argentina are taxable on worldwide income and may obtain a foreign tax credit for taxes paid on income from foreign sources. So, if CH taxes you more than AR, you'd pay no AR tax. If they don't, you'd have to make up the difference. Non-residents and foreign beneficiaries are only taxable on their Argentine-source income. That'd all depend on how long you're in the country each year etc. Best to talk to an accountant there.
I am a social security retiree considering Argentina as a possible retirement destination. Would you advice me what to expect tax wise? I understand Argentina imposes tax to retirees for worldwide income. Please advice. How much is the personal and couples exemptions, when filing taxes in Argentina?
Argentina does tax WW income if you live there full time. If you're a non-full time resident (basically less than 6 months) you would not be a part of that. Perhaps someone else who knows the exact details of rates etc will comment here.
Turkey information is completely incorrect. I was there. Yes, dollar went up against Turkish lira. But, prices of everything, went up even more.... Now, everything is more expensive then what it used to be .
Thank you. Please keep us informed about the situation in Buenos Aires. What are the safe areas in Buenos Aires? What are the taxes like there? I hear that the Argentinian tax system pretty much take any expats to the cleaners!
This may help you. I saw this blog site. Now it is a blog site so it's totally their opinion. Looked like more bad areas than I would say, but its a start. The good areas, are definitely good. For us, Recoleta and any Palermo area is great. www.google.com/maps/d/viewer?msa=0&ie=UTF8&ll=-34.604314459023946%2C-58.391837073974614&spn=0.104829%2C0.104391&t=m&source=embed&mid=1du2sGmyQmZUrKrs9fyo-CEYBeVc&z=13
We are looking to spend six to nine months a year in Argentina. Building a casa in 2025. We still haven't gotten concrete info on how to become a temporary resident without being a taxable resident. Like Spain, Argentina imposes a global wealth tax of foeigners. Spain's is up to 24%. Just ask Shakira with all of her recent tax problems. I will be going back in January and need to get to the bottom of what this means for us. Do we need to make a Delaware corporation to encapsulate all of out US assets so they can't probe? Maybe Milei will make residency and taxation easier for extranjeros.
@@BOULDERGEEK A temporary resident (under the 183 days in a year in country requirement), is not in the tax system. You'd want to talk to someone who deals with this directly, but if say you're only there as a snowbird, you'd not pay any taxes. For permanent year round living, the tax system kicks in. You might have to declare that Delaware corp too, so it may not help so much. We have a friend (one of the best international tax lawyers in the world), and he owns and lives in Argentina. But....also in London and Canada. He doesn't stay over 120-150 days anywhere, so out of all jurisdictions.
For me, and I mean this in a positive way, is that Argentina is still in the 1950s in some ways. A time when things and people where less complicated and more natural.
Do you recommend a lawyer or agency in Argentina who can help me do my residency and citizenship? I am planning to study Spanish in Argentina and I think it's a good time to have citizenship there too because I will stay there for two years. Please give me your suggestion.
Thanks Jerry. Even at an ATM? I didn't ask but perhaps our friends bring the dollars to AR with them on the plane. Are you there? Now that you say that, I wonder if some money changers have US accounts in the US but pesos in AR. People wire US into his US and he/they just give the peso...inside of AR. But no idea if that happens.
@@laptopseniors No, ATMs only deal in Argentina pesos. And they give the official government rate, which cuts your spending power by more than half. You need to bring $100 bills and change them at an arbolito in BA or another city. Each place has areas for that. It can be slightly risky, but I have never had a problem. Better solution is to Western Union the money you will use for a week or two to yourself and pick it up in pesos at an office. About the same rate but much lower risk than arbolito/cueva. Also, foreigners cannot change their money back out of pesos when they leave the country. So you are stuck with anything you overbought. And they will be worth about 20% when you return. Better to buy things as gifts or donate pesos to friends you met there.
@@laptopseniors I bought a $50,000 peice of land this last year and had to have the money in $100 USD bills at closing. I had to work with a middleman to transfer my money in the US (to someone I didn't know, in full). The fee was 4%. A bag of cash showed up at my meeting, accurate to the penny. It's mighty weird. Ever Venmo'd the cost of a nice Porsche to someone you didn't know?
I sold an apartment in Buenos Aires a few years ago, the way you describe the transaction is fairly correct, expect we didnt have armed guards with us, neither did the buyer.
Thanks Cavius, I thought our friends were a bit over the top on it. Good to know all the rest was fine. Although, maybe they actually had guards. I'll have to ask again.
Where are you in Florida? I am in Cape Coral. Nice weather today. Unfortunately it seems like it would be unsafe to be in Argentina if you are a foreigner. Especially as a retiree because you would not be able to afford those armed guards all the time. It sounds like a golden opportunity for the really rich. Personally I would wait to see if any of these things the President is planning will come to pass.
From what we experienced (many years ago though) and what our friends say right now....you don't need body guards at all. It's not like that. That'd be a Rio thing.
Hi Annie, Vivi here... the body guards are in the house buying situation only where you carry lots of cash. Thanks for following us so long. We appreciate you ❤
I ve never seeen in my entire life a single person having armed guards in Argentina, hahah, i do not know where you heard that, because it is clearly not true.
Recoleta, Puerto Madero, Palermo Chico, Palermo Soho and Palermo Hollywood, Las Cañitas, Belgrano, Villa Crespo. I'm sure there's more but those are the ones we know first hand.
