The secret to taking control of your retirement in 2016 and making this phase of life a grand adventure, even if your retirement nest egg is modest, is expanding your horizons. Take your retirement global and you can maximize your quality-of-life return for every dollar spent. Where should you go? Here are your most popular overseas retirement destinations for Americans this New Year prepared by Insidermonkey experts.
As the memories of the warmth and carefree air of a British summer fade, many people nearing pension age may be giving thoughts to retiring abroad. Cheaper and more convenient air travel has made the world smaller – so you no longer need to say farewell to your family forever if you relocate overseas. But taxes do not end at Dover and pensioners on a fixed income need to be sure that all the financial aspects of becoming an expatriate have been taken into consideration. Factors taken into account included house prices, health care costs, average temperature, rainfall and hours of sunshine – as well as grocery bills, crime rates and taxation. Obviously, personal preference and family ties will affect which location appeals most. If you are worried about money and thinking that you can’t afford to spend your retirement somewhere else, we have another list for you – cheapest places to retire abroad.
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