Many Americans do not have the funds to retire at home comfortably. Thankfully, there is a solution to this problem. Americans who have the funds to go overseas should consider retiring in one of the top 5 best places to retire in the work. These destinations are popular with retirees due to their culture, climate, cost of living, infrastructure and safety. Need some help transitioning to another destination? Check out Wridgways International removalists.
1. Panama City, Panama
Panama City is an excellent retirement destination as it has warm weather, good beaches and infrastructure. Some expats say that this city resembles Miami. Retirees who can show evidence of a monthly income of $500 to $600 can move to Panama on their pension program.
2. Malta, Europe
Malta is an island in Europe. As it is rich in cultural heritage, retirees will have plenty of opportunities to attend the theater or ballet. The climate on the island is mild and retirees do not have to pay property taxes.
3. New Zealand
New Zealand is an great place to retire. The country is consistently placed high on quality of life studies. It also scores well on the global peace index.
Retirees favor this country due to its natural beauty and slow pace. As home buyers do not have to pay capital gains tax, NZ has a relatively affordable real estate market.
Unfortunately, most Americans will not be able to live in NZ all year round. The country’s immigration system favors young workers. Most retirees will find it difficult to get full residency. That being said, retirees can live in NZ for 6 months out of the year. Many people like to spend their summer in NZ and go home during the wintertime.
Thailand is one of the world’s most popular tourist destinations for many reasons. It has great weather, beautiful beaches and an extremely low cost of living.
Retirees who want to live in Thailand can opt to live by the beach, in the city or near the mountains. Apartments and houses in this country and incredibly cheap as is food and utilities. There is also a huge expat population in the area. People who move to Thailand will have access to western food and be able to meet people from all over the world.
Living in Mexico is a good option for Americans. Retirees will be able to drive to and from Mexico. The short distance to Mexico from the US means that retirees will be able to visit their family on a regular basis.
Mexico is popular with American retirees as it has a low cost of living. Those who are considering moving to Mexico should choose a town and suburb carefully. Certain towns are well-known for high levels of criminal activity.
For many people retiring at home is simply not an option. Living in America can be very expensive. Retirees who choose to go to the countries described above will stretch their retirement savings by years. Many retirees living overseas are able to live an upper middle class lifestyle on a low budget.
Sam Moser is a freelance content writer who has written almost exclusively for the web since graduating from the School of Journalism at Ryerson University in Toronto, Ontario. Sam has been researching retirement options for Canadians, such as senior live in care in Ottawa.