Advantages to Retiring Abroad
Think about it! You could spend your retirement years relaxing on a tropical beach or hiking in the mountains. At the end of a perfect day on a tropical beach, you might enjoy eating a delicious dinner for $30.00 per couple. Consider the economic breaks you will probably get in many foreign places, like the opportunity to live at a lower cost of living. If you qualify, you can also receive Social Security benefits. Following is a brief description of three attractive places to “settle” after you retire.
Mexico – Puerto Vallarta region:
This general area is very popular spot for retirees to consider. During the winter the climate is sunny and warm and in the summer, it is humid and rainy. The average cost of living is low – many retirees are living down there on $1,000 per month. Houses and small condos range from $90,000 – 200,000. There are many health clinics and the hospitals are excellent. Of course, transportation is very convenient to return to the states. Retirees who live in Puerto Vallarta enjoy the hospitality and friendliness of the Mexicans. Even though the towns along the border are dangerous, Puerto Vallarta, and other tourist destinations are generally safe.
France – Languedoc-Roussillon:
There are three lovely towns in this area – Nimes, Montpellier, and Perpignan. This region is filled with history – medieval towns and castles, vineyards, and Roman ruins. In addition, you will find museums, and music festivals. If you like the outdoors, there are hiking trails in the hills and beaches to explore.
The summers in this region are hot and dry while the winters are cool. If you like to associate with a diversity of people, you will find many retired British, Dutch, and Germans. Not too many Americans come here to live. The cost of living is fairly high. If you are thrifty, $30,000 per year would probably be doable. If you rent, prices start at $1,200 a month with prices higher along the coast. Health care is rated “excellent.” As a matter of fact, it is considered the best in the world by World Health Organization. To get back to the U.S., you could connect with other large European cities or take the three-hour fast train to Paris and then on to the U.S.
Panama – Boquete:
More and more retirees are choosing Panama as their retirement destination. Ameri
Several thousand American retirees live here and enjoy the life. There are two seasons – the wet season is April to November and the dry season is December to March. The average cost of living is about $20,000 a year. An added bonus – Boquete offers residents high-end golf, 20-50% discount coupons on air, bus and train fares. In addition, coupons are available for dining out and movies. Health care is very good with private clinics nearby. Panama City has a hospital with U.S. trained doctors. Finally, the trip back home is a one hour flight to Panama City and a three-hour flight to Florida.
These three destinations for a “home away from home” for retirees offer good living conditions with a reasonable cost of living, a very pleasant atmosphere and plenty of activities to serve many interests.