If you’ve ever dreamt of retiring abroad then you should read through this article to find the best places to retire on earth. Everybody looks forward to when they will leave the workforce and enjoy the blissful years of retirement. Well while some people may decide to retire to their home country, others do not.
Best Places to Retire on Earth
However, before you decide on a place to retire, you have to put into consideration some important things. This includes retirement benefits and discounts available there, cost of living, climate, healthcare quality, and cost. As well as visa and residence requirements, infrastructural facilities, and even work opportunities, and freelancing (if you’d still wish to work part-time after retiring).
Moreover, the list of places in this article offers residents a good standard of living that are comparatively affordable.
Like the other countries on this list, Spain has a wonderful climate. It also offers a way of life to improve your that encourages good food and leisure. And asides the sunny beaches, low cost of living, and lifestyle, Spain also has tons of cultural offerings.
In addition to this, you’ll enjoy great healthcare and meet lots of people who speak English. This will make it very easy for you to settle in and be comfortable there.
Probably, you’ve wished to visit France before. Well, retiring there could be even better. This country has an entrancing culture and natural beauty at every turn. Paris, the capital city of France is one of the most beautiful places in this nation.
However, living in Paris could be very costly. Moreover, in locations like Montpellier, you’ll be able to buy or rent affordable properties. France has lots of restaurants, theaters, and modern apartments. It is one of the most relaxed places to retire.
This is one of the best places to retire if you are a European or North American. Although it’s a small country, it offers a combination of good climate, affordability, and culture. Also, living in Ecuador is extremely affordable.
If you don’t want to retire in a big country, then Malta could be the best option for you. Malta is a small country but it’s packed with tons of museums, hiking trails, snorkeling spots, and restaurants. You’ll also enjoy the climate there and the abundance of other activities. Moreover, you’ll also meet lots of English-speaking residents there.
Portugal is one of the most affordable countries in Europe. The food in this country is amazing and the temperate climate is always favorable. It could also be one of the best countries to retire in if you are looking forward to enjoying the beach, eating fresh seafood, and drinking port wines.
This is also one of the best places to retire. Moreover, healthcare in this country is excellent and living costs are comparatively low. In Columbia, you’ll find mountains, beaches, tropical rainforests, and more. And these natural beauties are a relaxing view for retirees.
In addition to this, Columbia has many amenities like good roads, utilities, healthcare facilities, and public transportation. And if your family resides in the US, you don’t have to worry about them being too far away. That’s because it is about a three-hour flight from Miami.
Costa Rica is a country with tons of natural beauty. In this country, you’ll see lots of beaches, coffee plantations, and cloud experts. You’ll also enjoy good healthcare and benefits packages as a retiree.
Living in Mexico is affordable and this country attracts retirees from the United States and Canada. Moreover, applying for a visa to stay in Mexico is very easy as long as you meet the criteria. You’d also enjoy living in this country if you love a range of climates and lifestyles. Including busy beach resorts, city life, city life, and remote rural or desert lifestyle.
Uruguay is a Spanish-speaking country with warm summers and mild winters. It is located between Argentina and Brazil. This country is relaxed and offers you a mix of fun cities and natural beauty. It is also easy to navigate and offers affordable healthcare plans.
In Uruguay, you’ll find beaches along the coastline, cattle farms, and a range of lifestyles in the interior. Although the cost of living in this country is not very low, it is very affordable.
This country is one of the best places to retire especially due to its proximity to the United States, its environment, and its climate. Moreover, it is also an affordable place to stay as the cost of living there fits any budget. Although this depends on your location, style of housing, and tastes.
Panama’s affordable healthcare and retirement visa program also makes it contributes to it being one of the best places in the world to retire. It is suited perfectly between North and South America.
What is the Best Place to Put Your Retirement Savings?
This depends on your financial profile, family situation, income, and needs. What could be best for you might not favor another person. Retirement savings account also have tax advantages. While some are designed to save pre-tax dollars, others are for after-tax dollars.
So, depending on your financial profile, you are to choose one that’s suitable for you. However, some good options include 401(k)s, 403(b)s, life insurance plans, and traditional and Roth IRAs.
What is the Most Important When It Comes to Saving for Retirement?
The most important thing when it comes to saving for retirement is to start early. The earlier you start saving for retirement, the more interest you’ll receive in your investment accounts over time.
How Can I Jumpstart My Retirement?
Below are some tips that will help you to jumpstart your retirement planning
- Define your assets.
- Reassess your savings.
- Explore retirement income sources.
- Work with a professional.
What are the 5 Phases of Retirement?
Retirement can be broken down into five different stages and which include
- Pre-retirement phase.
- The honeymoon phase.
- Disenchantment phase.
- Re-orientation or finding yourself phase.
- Work with a professional.
Where is the Safest Place to Put Your Retirement Savings?
The safest place to put your retirement money is in low-risk investments and savings vehicles that provide guaranteed growth. This includes fixed annuities, Treasurys, corporate bonds, CDs, and money market accounts.
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