If you’re planning for your future, you may not know where to even start when it comes to picking a retirement location. Perhaps you may have contemplated the thought of just remaining where you are, but retiring in another country is becoming a more common choice. Why is this? Safe surroundings, exotic locations, and lower costs of living are some things that are attracting American retirees. Read on to learn more about some of the ideal locations to retire in, and where you can really stretch the value of a dollar.
In no particular order, some of the best countries to retire in include:
Retirees from all over the world can take advantage of Panama’s retiree program, Pensionado. This program offers discounts on various types of purchases and services, such as medical costs, fast food, restaurants, public transportation, domestic flights, tickets to movie theaters and sporting events, professional services, and more.
If you enjoy beaches, Thailand is a good choice. With some of the most amazing beaches in the entire world, Thailand also has very low-cost accommodations. Additionally, retirees from the United States will also appreciate the low crime rates and large population of English speakers throughout the country.
The only retirement location on this list that’s derivable from the United States, Mexico can provide retirees a great value for their money. For example, amazing waterfront homes on the Caribbean coast cost on average under $170,000.
Similar to Panama, Ecuador provides a retirement program that offers discounts for services and purchases. Retirees can enjoy discounts on their utility bills, entertainment, transportation, and even round-trip international airline tickets originating in Ecuador. In addition to other English-speaking residents, other advantages of retiring in Ecuador include lower income tax for those over the age of 65. Newcomers can also take advantage of Ecuador’s Social Security medical program for a low payment of $57 a month.
In addition to the low costs of property just steps away from the ocean, retirees in Honduras can fill their days with a variety of activities, such as sailing, snorkeling, scuba diving, fishing, golfing, surfing, and more. And with the flights back to the United States being only three hours, it’s easy to visit friends and family.