When it comes to choosing a place to retire, many people are drawn to the idea of experiencing a new culture and exploring different landscapes. If that sounds like your cup of tea, then you might want to consider retiring outside of the United States. Here are some top picks for retirement spots that offer both affordability and adventure.
Mexico
If you’re looking for a place where the sun shines and the cost of living is affordable, look no further than Mexico.
The country offers many benefits for retirees: it has a low crime rate, good healthcare system and plenty of activities to keep you busy. In addition, there are many expats who have chosen to move south of the border in search of new adventures and opportunities. The friendly culture makes it easy to make friends if you want them (or don’t), while the warm weather provides ample opportunities for relaxation on beaches or by pools throughout all seasons of the year.
Panama
Panama, a Spanish-speaking country, is another great option for retirees. It has a low cost of living and good healthcare. The crime rate is low, so you don’t have to worry about your safety or your property. In addition, Panama City has an average temperature of 79 degrees Fahrenheit (26 Celsius) year-round with humidity levels ranging from 50% in the dry season to 70% during the rainy season (from December through April). This makes it easy to enjoy outdoor activities all year long!
The city also boasts excellent infrastructure—you can easily get around via car or public transportation—and internet access that rivals many other developed countries. There’s even great cell phone service throughout the country thanks to various providers such as AT&T, Sprint and T-Mobile!
Malaysia
Malaysia is a good place to retire because of its low cost of living and good healthcare. It’s also a Muslim country, but the population is very diverse and tolerant of other religions. Malaysia has a tropical climate and is surrounded by beautiful beaches, so you can spend your days outdoors enjoying nature.
Spain
Spain is a popular choice for retirement, and it’s easy to see why. The country has a great healthcare system that’s accessible to all residents, as well as many other benefits for retirees. Spain’s weather is mild compared to the rest of Europe and its beaches are some of the most beautiful you’ll find. With so much to offer retirees looking for their next place to live, Spain may be just what you’re looking for.
Cost Rica
If you’re looking to retire abroad, Cost Rica is a great option. In addition to its natural beauty and friendly people, it’s also quite affordable for retirees. There are many reasons why so many people choose Cost Rica as their retirement destination: low cost of living, low cost of healthcare and housing, no income tax on foreigners who stay less than 183 days in the country each year. But these factors alone don’t tell the whole story. If you really want to know what makes this country such an attractive option for retirees, here are some other things you should consider before making your final decision:
- The weather—Cost Rica has two seasons—the dry season (November through April) and wet season (May through October). The temperatures range from 20°C (68°F) in December–January up to 32°C (90°F) in May–June depending on where you live in the country!
- Safety & security—Cost Rica is considered one of the safest countries in Latin America because it doesn’t have drug cartels or crime syndicates like Colombia does; however crime does occur from time-to-time especially near popular tourist destinations like Manuel Antonio National Park which borders Costa Rica’s most dangerous province Monteverde as well as Puerto Viejo de Talamanca which lies along Panama’s border with Costa Rica.
Thailand
Thailand is a popular destination for retirees because of the low cost of living, warm climate and good healthcare. Many retirees choose to retire in Thailand because it has a relatively low cost of living compared to other areas. In fact, according to Numbeo’s Cost of Living Index (COLI), Bangkok is ranked as one of the cheapest cities in Southeast Asia, with only Manila being cheaper among major Southeast Asian cities. When compared to other countries around the world, Thailand ranks as one of the most affordable places on Earth to live—making it an ideal place for people who want their money to go far after retirement.
Portugal
As a destination, Portugal is a popular retirement option. The country’s beautiful climate, affordable cost of living and high quality healthcare system make it an ideal place to retire.
Retirees have started flocking to this small country located in southwestern Europe over the last few decades. In fact, over 100 000 people aged 65 or older now live there.
Final Thoughts
There are many places to retire outside of the US, but these five hold their own and should be considered in your retirement planning. Whether it’s the warm weather and culture of Mexico, or the proximity to family that draws you towards Spain, there are plenty of reasons why retirees choose these countries over others. By considering these factors when deciding where you want to retire, you can find a place where both finances and happiness are plentiful!
