In the first half of this episode of Money Matters, host Wes Moss is joined by Edd and Cynthia Staton. Their retirement plans were disrupted by the 2008 Financial Crisis, leading them to create a Plan B. In 2010, they moved to Cuenca, Ecuador, where they enjoy a comfortable and affordable lifestyle. Their experience reflects a broader trend: the number of retirees receiving Social Security outside the U.S. surged 40% between 2007 and 2017. Now seen as experts in expat retirement, the Statons have authored best-selling books, featured in major media, and run an online program called Retirement Reimagined!

And later, a National Institute on Retirement Security report shows 79% of Americans believe there is a retirement crisis, with over half concerned about achieving financial security. On a recent episode, Wes illustrates how self-discipline, savings, and time can help overcome retirement challenges, suggesting that happiness and financial freedom may be more attainable than many think.