As the ideal retirement lifestyle becomes more difficult to attain, increasing numbers of Americans are deciding to retire abroad. In many countries, retirees can enjoy a high standard of living for a fraction of the cost of a similar lifestyle in the U.S. That, along with the change in scenery, has made retiring abroad an appealing option. There are many countries where retirees can live large on a small budget, but several nations have been especially popular among American retirees for financial reasons: Ecuador, Panama, Costa Rica, Portugal, and Malaysia. Here is the full list by Insidermonkey experts about 6 countries that welcome American retirees.
When you're deciding where to live out your golden years, remember that Florida and Arizona aren't your only options. Expand your search to the entire globe, and you might find your dream home where you least expected to. Some countries roll out the welcome mat for foreign retirees, offering sometimes significant tax breaks, in-country discounts and other perks to anyone who qualifies for resident retiree status. The age you qualify as a retiree can have a broad definition, depending on where you go. For example, in Belize you can qualify for retirement residency and the associated perks as young as 45, and Panama has no stated minimum age requirement for its Gold Standard retiree residency program. Don’t forget to check out our other article on the 11 Easiest Countries for Americans to Move to and Work.
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