If you’re smart, you’re constantly worrying about your retirement.
How much to save? Are you saving enough? How are your investments doing? What age is a good age to retire to get maximum Social Security benefits?
The list of questions goes on…
The International Living Guide to
Retiring Overseas on a Budget:
How to Live Well on $25,000 a Year
One question that couples are finding themselves asking more and more is whether they should retire overseas or not.
Sure, we all would love to have that $25 million home overlooking the ocean, but in reality is that a good way to spend your money?
What if you could live somewhere overseas for $25,000 a year? Would that entice you to move away, knowing that you’ve effectively increased your nest egg to cover you for years to come vs having to scrupulously scrimp and save for planning purposes as you head into your golden years?
With that in mind, here’s a list of this year’s BEST PLACES TO RETIRE OVERSEAS, where you can get the most bang for your buck and still have some semblance of stability and good healthcare.
- Algarve, Portugal
- Cuenca, Exduador
- George Town, Malaysia
- Chiang Mai, Thailand
- Dumaguete, Philippines
- Pau, France
- Medellin, Colombia
- Abruzzo, Italy
- Panama City Beaches, Panama
- Istanbul, Turkey
All of the above have relatively low living costs (ranging from $1000 to $2000 per month), good healthcare, and reasonable weather. Whether any of this would warrant you deciding to pull the trigger or not on moving away, that’s all up to you. If you do choose to pick up and go, just remember to send us an invite to stop by and visit so we can check out what it’s like.