Here’s Why You Should Retire in These Countries – Live Abroad
Part of planning your future is to dream about a place to retire. More and more people are wanting to become expatriates, also known as global citizens or global nomads. We’ve compiled five of the best places to retire in the world where there are delicious food, benefits, cost of living, safety, and great weather. Of course, it is just our list and opinion – what do you think.
A land of astonishing natural beauty, Vietnam lies in the middle of Southeast Asia. It is a rapidly developing country, climbing the economic ladder. Vietnam has one of the strongest economies in Asia. This beautiful country is mushrooming with skyscrapers, yet you are surrounded by history and tradition. From 1000-year-old temples to century-old mansions, you will never run out things to do here as a retiree.
But what makes Vietnam a favorite place to retire is its exceptional low-cost living, even if you’re living in Hanoi or Ho Chi Minh City. Additionally, these cities are a travel hub making it easier for you to travel to countries such as Australia, the USA, Europe, and other Southeast Asian countries. Besides, English is widely spoken, and the locals are extremely friendly.
When you move to Malaysia, you will quickly notice several things. It is based on the British system and English is the first unofficial language making it easier for retirees to settle in. Even the road signs are in Malay and English, making it easier for you to drive to pristine beaches, idyllic islands, and lush green rainforests.
For most expats, Penang is a favorite city to retire in. A couple can live a comfortable life under $2000 which includes rent. Other than the variety of delicious local foods, you can even take advantage of the outdoor lifestyle, such as exploring the islands surrounding Malaysia. The capital city, Kuala Lumpur is only 5 hours away from Penang depending on which mode of transport you opt for. Healthcare is easily accessible to everyone. But as a digital nomad, it’s best to get covered with international medical insurance.
With its stunning Caribbean beaches and quality healthcare, Mexico easily ranks under 5 best places to retire in the world. You get to choose your dream home, from a colonial house with an extravagant garden to a simple beachfront bungalow where you can wake up to the sounds of waves crashing. And you can this life with under $3500 USD including rent and medical. Another benefit for retirees over 60 years of age is the national discount card where you get discounts on goods and services.
Panama is known for its warm and tropical weather. To mountain towns to uncrowded beaches, it’s one of the best retirement destinations in the world. There’s always something to do here, from indulging in food and beer, enjoying jazz and films. Get sweaty with tennis or a relaxing game of golf.
Another reason why ex-pats choose to retire here is that they pay zero income tax. Cool huh? Plus, retirees get benefits and discounts offered. Pensionado Program is open to everyone and discounts include medical expenses and entertainment. Take a trip to the USA with 25% off your airline ticket purchase. It is important to note that healthcare is good for minor problems so checkout reliable health insurance such as Cigna to get fully covered.
One would ask why Portugal is ranked under 5 best places to retire in the world and the answer is its affordable lifestyle. It is the second least expensive city in Europe, after Bulgaria. You can live a comfortable city life under $3000. If you want something lower, move to the beautiful suburbs. Portugal also has a great investor immigration program that makes this an excellent and tax-effective retirement destination for global citizens.
The country’s natural geography is jaw-dropping. If you enjoy ageless beauty you can immerse yourself in the architecture dating back millennia. In addition, Portugal has friendly locals with sincere hospitality so you will settle in quickly. Plus, the food and wine will tantalize your taste buds. Finally, the top reason to retire in this country is due to the quality of healthcare, temperate climate, and high safety rating.
At the end of the day, no matter where you plan to retire, it is crucial to opt for good international health insurance. If you want a great independent source for global healthcare, you can get a quote and discuss your requirements via Expat Financial.