It is time to relax after a lifetime of hard work, and more people are deciding to spend these years outside the United States. Ever-increasing costs of living, healthcare expenses & the desire to experience different countries inspires people to look elsewhere.
The world has a lot of countries where you can live for less with a better quality of life, good health care system and vibrant cultures to experience. Is it a tropical paradise you want, or are you dreaming of a European retreat filled with history and a warm community? Any one of these selected destinations may offer more than sticking around the United States. Here are 8 of the best countries to retire in and get the most out of your golden years.
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Portugal
Portugal has been one of the most preferred countries for retirees due to the low cost of living in general. Also – who can argue with those stunning landscapes? It has sunny weather year-round, welcoming people, and an easy-going lifestyle that makes people flock there. While it boasts European standards of living, the cost of healthcare for retirees is affordable and high in quality. Visa programs in the country are retiree-friendly, with special tax incentives that make a foreign residency sound like a financially beneficial move.
Costa Rica
Costa Rica has fabulous natural beauty and hospitable citizens, so naturally, it tops the list of places retirees dream of moving to. The cost of living in Costa Rica is surprisingly low as compared to the United States and the health care system is excellent, too. They focus on a healthy and active retirement — the country has lots of opportunities for a more sustainable, nature-centric life. English is widely spoken so the integration process is easier for expats.
Spain
Spain is another wonderful choice for retirement with its vibrant culture, gorgeous landscapes and top-tier healthcare. The overall cost of living is less than a lot of places around the United States, although it varies pretty dramatically by region. In Spain, there are endless options to clear your head and receive some el-nino rays. English is everywhere, and there are plenty of expats to meet and befriend. One of the great places to enjoy your retirement is Spain, known for its amazing food and landscapes.
Mexico
Mexico is an attractive and cost-effective option for U.S. retirees needing a change of scenery and all the benefits that come with it. A popular retirement option for U.S. citizens, the country’s warm weather and lively expat communities – especially in places like Puerto Vallarta and San Miguel de Allende — continue to draw retirees looking to stretch their money further. With an incredibly varied geography – mountains and beaches, deserts and forests – Mexico offers myriad options for adventure & relaxation. The nation also has a long history, including ancient ruins, colonial buildings and jubilant festivals that keep the residents in touch with their cultural roots. Retire in Mexico for an unhurried life full of cultural experiences.
Thailand
Thailand has tropical weather, hospitable people and a high quality of life – at a fraction of the cost compared to the U.S. The bargains on housing, groceries, and general cost-of-living win over retirees, who find that they can enjoy a relaxed retirement without breaking their budget. This offers many retirement experiences to those attracted by the rich culture, delicious cuisine, and vibrant cities. Also, ultramodern living arrangements and effective public transportation contribute to a well-developed infrastructure, which makes the country a breeze to explore.
Malaysia
Retirees can also live comfortably and affordably in Malaysia, which is home to a rich blend of cultures and beautiful scenery. The country boasts a rich history where Malay, Chinese and Indian cultures mesh to form a diverse cultural fabric. Since English is so often used, many expats find it more accessible. Malaysia also has good infrastructure, including efficient public transportation, making it easy to access its exciting urban areas and peaceful countrysides.
Panama
Panama has one of the best retiree friendly policies and is a good place to retire with an excellent quality of life. This country features mild year-round weather, stunning beaches and a solid economy, making it quite appealing. For some reason, the Panamanian government is willing to give retirees significant discounts on almost everything — from 10-50 percent off for dining out, domestic flights and hotel stays using its Pensionado Program. The fact that its neighbor is the United States and Panama has adopted the U.S. dollar as its currency, also makes it an attractive option.
Ecuador
This country has everything from coastal beaches to mountainous areas so that retiring citizens can get a plethora of options to settle themselves. With its moderate climate and robust culture, Ecuador can be a pleasant place to live with bustling cities and idyllic small towns that also blend some modernity with tradition. The famed expat scene provides a welcoming and familiar environment for newbies. For all of these reasons, Ecuador is an ideal option for retirees looking for a rich retirement experience that cares about the planet.
Italy
Retiring in Italy means you’ll have no shortage of high quality food, culture and postcard landscapes. The cost of living can vary across the country, but many areas in Italy provide less expensive living than U.S. cities. Italy has an excellent healthcare system that is readily available to all, offering both public and private care. Italy is also home to some of the most historic cities, beautiful countryside and delicious cuisine in Europe, so it comes as no surprise that it’s a favorite destination amongst retirees. The slow Italian lifestyle, combined with a tradition of enjoying the finer things in life, makes Italy a great place to retire.
Disclaimer – This list is solely the author’s opinion based on research and publicly available information. It is not intended to be professional advice.