Retirement is wonderful if you have two essentials: much to live on and much to live for. For most people, retirement is not the end of the road but the beginning of an entirely new highway. With the hike in global travel, nowadays retirees think about both aspects, traveling a lot and settling abroad. Recent data from the Social Security Administration shows that more than 700,000 Americans receive their payments abroad. Retiring abroad or in another state can bring new and exciting experiences, a change of scenery, and a lifestyle change. Let’s discuss the 5 best options to plan for retirement.
- Lisbon (Portugal)
If you are a beach person and love surfing and sunbathing along with golfing, tennis, boating, hiking, and biking, then Lisbon is the place for you. This gem in Portugal is a heaven for people who want a good life on a budget. The cost of living is very less compared to the cities in Europe and the US.
Lisbon is very safe and clean and has been rated frequently as the most happening tourist destination in the world. It is one of the most scenic cities, beautiful views are found at every turn of its colourful, picturesque streets. Portugal has a classy healthcare system, with quality infrastructure and overall efficiency. Grocery and other items are relatively affordable. Weather is mostly warm and windy. In Portugal, foreign retirees can get their pension taxed at a flat rate of 10% for 10 years. One of the most encouraging qualities of Portugal is that foreigners can buy property very easily. The place is very vibrant and offers a lot to everyone.
- Madrid (Spain)
Madrid is one of the safest capitals in Europe. This Spanish city is lively and a place where you can easily live and enjoy a high quality life with rich cultural and musical experiences. From Prada stores to Botanical garden you can have it all. Eating out is not expensive, the house rents, utilities and groceries are way cheaper than the US. Infrastructure is extremely good and well maintained, the public transport system is affordable and efficient and the healthcare services are world class and Madrid guarantees universal coverage for all its residents. The crime rate in terms of violence is very low. There is no concern of safety. The Spanish people are sociable, warm and funny. They are generous and are welcoming. The climate is very good and spring and fall days are very sunny and temperatures are fantastic. And of course Retirees have every right to enjoy the famous Spanish Siesta. Madrid has everything one needs to live comfortably.
- Puerto Vallarta (Mexico)
Mexico has been a favourite choice for retirees. The fascination to afford a car, house, maid and a descent high lifestyle drives many expats to Mexico. The coastal town of Puerto Vallarta has become a popular holiday destination due to much filming of this resort like place. Easily accessible by road, air and water, PV remains affordable and attractive.
The city offers modern amenities, high end restaurants, well equipped medical facilities and good amount of retail therapy. One can have the old world feel in the old town and the exuberance of urban condominiums in New Vallarta. Cost of living is reasonably lower than rest of The US, Canada and Europe. Puerto Vallarta has a tropical climate, which is sunny and warm all year long. It offers a wonderful lifestyle with arts, culture and ever expanding and joyous expat communities.
- Zagreb (Croatia)
Croatia is becoming a popular destination for retirees, it is one of the safest countries in Europe. With clean air, high quality of life and very small population, it offers a lot of relaxing cities and spectacular sceneries.
Zagreb is a bustling town, it has a very good connectivity with rest of Europe and showcases great art and culture. With its array of world class hospitals and specialist doctors, it provide the best of healthcare facilities. Houses are reasonably priced and the cost of living is almost 37% lower than the US, 45% less than Canada and comparatively lower than the rest of Europe.
Zagreb has got the energy of a big city but at the same time it is very suitable for seniors as all attractions are at walking distances. The cathedrals, museums and lakes are picturesque. The weather is warm in summers and cold in winters. Overall it’s a heaven for retirees who can enjoy the buzz and tranquillity in the same city.
Croatia has one of the most enviable lifestyles in the world. The Croatians give a lot of value on spending quality time with family and friends.
- Ann Arbor (Michigan)
For people who want to stay in the States and enjoy a good life in a budget, Ann Arbor might be the right place. Ann Arbor is a classic example of contrasts, the city is both rural and urban at the same time. It is a home to both sporty and smart, outdoorsy and high in tech, counter culture and high society.
College towns are supposed to be ideal retirement destinations because of their involvement opportunities, concerts, sports events, libraries, and museums, as well as restaurants and lively atmosphere. Ann Arbor is home to renowned galleries, museums. It has a large walkable area and is quite safe. It has Good medical facilities and is low on taxes. The cost of living is not very high, Social Security income is not taxed. Withdrawals from retirement accounts are partially taxed. Plus the state of Michigan has an excellent health care system, this and a variety of outdoor activities, cultural events and an appealing range of home prices make it a good option for retirees.
Retirement isn’t the end of the road, but just a turn in the road, we hope that this article helps you to take that right turn.
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