I was just medically discharged after 8 years of service with 70 percent disability, (About 1600USD dollars a month). Has anyone retired to Cuenca on this type of money? I have a wife and a 15 month old. The pension is verifyable for the VISA and everything. I just want to make sure I don't get there and the prices have ballooned or find out about a bunch of hidden cost.
I do have some cash saved up so the price for actually getting down there and getting an apartment set up isn't an issue.
I'm really just tired of America and the American way of life, and just want to relax. My plan is to complete online school with my Post 9-11 GI Bill which will add about 800 dollars monthly to our budget (housing allowance through the GI bill) until I'm done with school. And my plan being that I've been doing IT for 10 years, is to go to school for software engineering and do freelance work from home from Cuenca. My reasons for retiring are to not have to work anymore, because my back hurts every single day. And I want to be able to take care of my family so that my wife doesn't have to work. We do own a house here in Washington, but I can rent it out for about 400 dollars more than my mortgage, so that is a little bit of income as well.
Any advice and pearls of wisdom will be considered very carefully. Thank you!