Friday, April 20, 2012

6 Cheap Places To Retire Abroad

When making plans for retirement many people choose the regular places like Florida, Arizona, or North Carolina. These are great places but you are limiting yourself. Maybe it's time to consider finding a retirement destination abroad.

If you are considering such a dream, you will have to do a whole lot of research. If you are a bit of an adventurer you may find overseas living intriguing. As you do your research you will find many web sites, media outlets, authors, and bloggers who can help you find what's best at a reasonable price.

I have put together a list of a few countries that came up repeatedly, as great places to live.

In the European community there are several places you already know about and a few you would be surprised at as choices.

France.
Here you will find the food and culture center of the world. France was rated as superior in the 2010 International Quality of Life Index. Their health care is also rated as very good. On the downside they do have high taxes, a difficult bureaucracy, and high prices. So it's better to find yourself a place outside the larger cities.

Turkey.
Though on the edge of the European landscape, they consider themselves more Western than Middle Eastern country. Soon to become part of the European Union they are one of the top growing economies in the region. You can find retirement destinations in the mountains or at the seashore. Places like Altinkum Property are well suited for retirement or vacation living.

Italy.
Who could argue about Italy being a great place to retire to. You have the great food, culture, and the Mediterranean weather is very attractive to visitors. The best bargains are in the southern areas and again staying in the country side is going to save you a lot of money. Like most metro areas you will be paying a premium for city life.

In the Central and South American countries you have your pick of warm and tropical destinations.


Mexico.

Being the closest destination to the U.S. and already popular with retirees for its money saving standard of living, Mexico is a great choice. In Mexico, you will find modern and up to date health care near big cities. Many retirement and vacation communities have been providing a relaxing life under a warm sun and tropical weather for many years.

Costa Rica.
A small country in Central America that is already the home to many people that have chosen the laid back life style. It has a good economy and a stable government that encourages the foreign dollar to its shores. Retirement income and real estate profits are untaxed, combine that with lush beaches and country side living, you have a perfect destination.

Panama.
Another small country that wants to attract the foreign investor and retiree. The currency is tied to the U.S. dollar, there are retiree discounts, and favorable tax treatment on income and new homes. Mostly a rural spot with no major metropolitan areas, so traveling for major health care may be necessary. The weather is also warn and tropical.

This is only a short list of all the possible destinations to retire at. You need to consider other obstacles to living abroad like language, government stability, and living standards. These and many other things need to be considered for such a big move. 


Living overseas is going to give you the adventure of your life. It takes a certain mindset to leave you home country and live abroad. Maybe after a while you may become homesick. There is much to consider in living overseas. 

Do your research and take a vacation to your destination and see if it is all you thought it would be. Good Luck.


3 comments:

  1. How did Thailand not make this list? I’m an American woman, and I moved to Thailand when I was single twelve years ago. I was on a one year work contract, but after it ended, I stayed one more year because I loved it so much. I earned great money and saved a lot too. I looked into Thai real estate law during that time and now have investments in Pattaya and Bangkok. I moved back to the US for another job, and now I’ll reach retirement in three years. There is no way that I’m going to move anywhere else but Thailand to retire. A lot of people think that Thailand is just for quick fun, but it’s an exciting country with many long-term opportunities and cheap living for everyone.

    ReplyDelete
  2. Best of luck to you and your investments.Best Regards.

    ReplyDelete

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