Apr
23
Retiring Outside of the United States
Posted by 4T at 08:59 | Filed In Life After 40, Social After 40, Travel After 40
Many retirees can’t afford the high cost of living in the United States. With so many boomers now approaching retirement age alternate places are being investigated. Mexico is one such place. A large amount of senior citizens have made living near Lake Chapala, Mexico their new home. The cost of living is reasonable and good medical care by U.S. trained doctors is available. Fresh food is abundant and there are lots of activities to keep seniors busy. Also, it is an easy commute by bus, plane or car, to the States.
Panama is another country that provides a reasonable cost of living and English is a common language. If you live by the beach snorkeling and fishing is very popular. Some seniors choose to live in the mountains where it is cooler and very scenic. The drive is short to cities that have stores that are familiar to us. Panama City has many modern conveniences, Donald Trump is even building condos there, and the internet service is strong. It is only a 2 1/2 hour flight from Miami. Panama welcomes retirees and offers them discounts and other benefits including a 20 year tax-free status.
Costa Rica is another good country to consider. Prices aren’t as cheap as they used to be but it is still a reasonable alternative. Ecuador’s cost of living is reasonable and offers sound real estate prices. Food is cheap as is their medical costs. It is a well kept secret destination.
In recent years Argentina and Brazil have been places of interest and provide great places to retire and invest in. You should learn some Spanish and Portuguese as well as their customs to make the transition more comfortable.
If you prefer the cold, Nova Scotia, Canada may be a good choice. It provides Universal health care, inexpensive prescription drugs, and affordable oceanfront real estate in North America.
If you are looking to Europe skip Italy and France as they are overpriced. Croatia, in Eastern Europe, offers a low cost of living, and experts predict that it will become a new retirement haven. Whatever area you choose, do your homework, research, read books, and check the internet. After choosing, plan a trip and stay for months, and be sure to talk to the locals. Consult competent real estate agents, and knowledgeable attorneys before signing on the dotted line.
