If you want to make your money stretch further in your golden years, you might want to consider opting other countries for retirement. But, which country is the best for you? While everybody has an opinion in terms of ideal retirement spot, experts can make the decision making process easy for you. Below are some of the countries you can consider for your retirement:
- Panama
Aside from being close to America, Panama also uses American dollar, so you do not need to worry about the currency fluctuations. Other than that, Panama provides countless of options to be a legal resident and its medical care is a priority.
- Mexico
It provides a variety of options for established expat and seaside living communities in a lot of areas. Another magnet is affordability with a lot of expats living well on as low as $1200 monthly. The strong position of dollar against Mexican peso means that the cost of living offers better than the normal value.
- Costa Rica
The unspoiled beaches and breathtaking landscapes have long fueled the popularity of this country among travelers. For the retirees, the highly regarded health care system with the costs a fraction of what you could pay in the US is a big draw. Getting the status as a resident is straightforward.
- Ecuador
In terms of real estate availability and affordability, Ecuador stands out. It is not hard to live on $1,500 monthly and there’s no shortage of retiree benefits.
- Colombia
If rejected as a retirement haven due to its reputation for drug cartels and conflict, Colombia has stepped to the spotlight as a great place for those who are looking for excellent health care, low cost of living, and temperate climate.
- Spain
It sets apart from others due to its superior infrastructure, a laid-back lifestyle, and world-class health care system. For retirees who are on a budget, the real estate and low cost of living is appealing.
- Malaysia
The cities of Malaysia take pride of an unrivaled public transportation system and some of the Asia’s friendliest people. Also, the country straddles the tourism market, which manages to offer both first class luxury vacations and memorable budget holidays.
- Malta
This small island chain between the coasts of North Africa and Sicily is easy to miss. However, this Mediterranean destination has lots of visitors for decades because of the centuries-old cities, warm weather, and sapphire blue waters.
- Portugal
Another cheap country, Portugal entices the retirees with its low cost of living as well as real estate. A couple may do well on $1,700 monthly in smaller cities including Lisbon, the capital, about $2,200 monthly or more is required. Some huge draws are the mild climate and superior white and red wines of the country.
- Nicaragua
The biggest nation in Central America is Nicaragua. Even if it remains poor, there have been some major infrastructure improvements during the past several years including an expansion of Managua’s international airport. Other than that, there is little traffic, great health care, and low cost of living.