Okay, so you worked hard for your entire life and now it’s time to reap the rewards of your labors and retire. For many, this is a sad moment, but others choose to celebrate by treating themselves with a completely new life in a foreign country where they can rest, play and live in peace. If you’re open to the idea of moving for retirement, here are the best places in the world for retirees:
For a few decades, this country has been a go-to location for seniors, mostly from North America. Today, more than 1 million Americans and half a million Canadians live in Mexico, either full-time or part-time. The expat community of retirees there is very friendly, and you can enjoy many clubs, events and activities to keep you occupied. Mexico has a very distinct culture that’s lively and vibrant, so if you love to experience song, dance and fiesta on the regular, this country will know how to keep you feeling lively as well. The costs are also very affordable with people being able to keep their expenses under $2,000 a month for two people. Mexico has cheap real estate, low-cost food, and affordable transportation and healthcare.
Portugal might be the best European destination for retirement. This small coastal country has vibrant cities, charming villages, sandy beaches, great healthcare, high safety and low general costs. And the best part is definitely the people who are warm, friendly and curious. English is taught at schools so you won’t struggle with the language barrier too much. Two retirees can live in Portugal for about $2,500 per month, and if you’re willing to spend more, you can live very comfortably in any part of the country.
Warm climate, amazing beaches, friendly people, stable economy, amazing healthcare—these are just some of the reasons Australia has always been high on the retirees’ radar. The costs of living aren’t the most affordable, but you just get so much for your money that the costs don’t matter. If you can’t afford to buy a home, Australia is speckled with excellent aged care facilities that offer accommodation together with 24/7 nursing care, various types of therapy, physical activity and social activity. Australia and its great nursing homes are perfect for all seniors who want to retire and be pampered and cared for to the fullest.
Vietnam might be a great option if you’re an adventurous retiree who wants to experience the country’s beaches, forests, scenery, food, culture and history. Compared to places like the US, living costs are almost 50% lower. In Ho Chi Minh City (which has one of the biggest expat communities in the world), you can save up to 62% on costs of living and up to 83% on accommodation compared to New York. And here’s another interesting thing: the government owns all the land in the country and foreigners can’t buy property, so you’ll be forced to rent and live in an even more economical way. The only negative thing about Vietnam is that getting a visa is not that easy.
This up-and-coming European gem is perfect for all budget retirees. It’s a very popular Adriatic destination with the beautiful coastline, lux beach resorts and gorgeous scenery. The cost of living is quite low, about 48% lower than in the States, with rents going even lower. In the capital, Podgorica, housing is almost 90% lower than in New York, which is simply amazing. And the government is happy to give out visas of all types and even help with investment in property with different incentives. The country also has good private and public healthcare, with most expats choosing the latter.
Retirement can be the best thing that’s ever happened to you, especially if you choose to spend it at one of these destinations. Expect to enjoy great people, beautiful scenery and ultimate comforts for your hard-earned money.