It is not unusual to see a lot retired folks moving to other countries. There are benefits in this; cheaper healthcare, security, cultural exchange, etc. This article will tell you about the 8 countries where US$200,000 in retirement savings can last up to 30 years!
If you have always had a thing for the Asia continent—Southeast Asia to be more specific—how about Thailand?!
Your monthly expenses for you and your partner including the rent is somewhere in the ball-park of $1,740.
Still in Asia, Malaysia is another place you might want to add to the list of countries you’d like to retire to. Monthly expenses including rent is $1,557.
This Latin American country has beautiful scenery so it is a no brainer why retirees flock to the country. In the city of Quito, rent can be as low as $538!
Average expenses: $1,484
This country has always fascinated me, personally. The rent in the capital city, San Jose, is as low as $400 per month! This of course depends on the neighborhood you’re in.
Close your eyes. Now, imagine palms trees, beautiful, blue skies, sandy beaches. You there? Ok. That my friends is the country, Belize. Rent can be as low as—take a deep breath–$377! Income made outside the country is tax-free.
Situated in the center of Central America, Nicaragua will give a quality of life that won’t break the bank. The government offers incentives to attract foreign retirees to its shores. Check it out!
If retiring to a tropical paradise is a goal then you might wan to check out Panama.
Spain is culturally rich and the cost of living is lower than in the USA at least 20%.
Average monthly expenditure: $2,283