Let’s face it: you’ve probably lived your whole life in the USA, and when you get to retirement you might well fancy a change. Luckily for you, the world has become a much smaller place, so relocating abroad is something that can now easily be done.
Choosing where to go is often the toughest part however. After all, there are 195 different countries in the world, so the choice really is massive. So, in order to help you we’ve come up with a list of the best places for you to retire overseas – be warned, some of the selections might be slightly surprising!
Let’s start with the obvious one. Mexico has long been popular with expats looking to retire, and for good reason. The cost of living south of the border is considerably lower (around $20 for your weekly grocery shop), plus there’s not much of a culture shock for Americans when they move there. Some might be put off by the stories of crime in the country, but this is only confined to certain areas – the majority of Mexican towns and cities are perfectly safe.
Spain has long been the destination of choice for European retirees, thanks to its great climate, low prices and good standard of living. Now more and more Americans are making the trip across the Atlantic to claim their own corner of the country, with the vast majority absolutely loving life there. You’ll be able to get direct flights from Spain to the US, meaning that seeing friends and relatives is something that is now pretty easy.
Next we move to South-East Asia, and the vibrant country of Thailand. Over recent years Thailand has seen a massive boom in tourism, as well as US citizens relocating there for their retirement. There are many good reasons for this. The cost of living in Thailand is incredibly low; the country combines authentic Asia with a sense of Western familiarity; and there’s already a decent sized expat community living there.
This one is slightly left-field, but it’s definitely somewhere that any retiree looking to move abroad should consider. Malaysia is already full of English-speaking expats (mainly Brits and Australians) so fitting in should be no problem, plus the price of property is considerably lower than the US. What’s more, Malaysia is one of the most stable countries in the region, making it a safe bet for anyone looking to retire there.
According to International Living’s Global Retirement Index 2015, Ecuador is the best place in the world to retire. It scored highly in every category they assessed – such as climate and buying & renting – and was therefore able to beat Panama into second place. Retirees are also able to receive a large number of benefits when they live in the country, making the cost and quality of living even lower. So, if you are looking to retire abroad, Ecuador is the first place to look!