Phnom Penh has hundreds of years of history that can be discovered by visiting the main landmarks. The Royal Palace allows visitors to join a special tour each day where you can see so many cultural highlights, including the Silver Pagoda (a royal tower with a spectacular silver floor, home to Cambodia’s Emerald Buddha) and the Throne Hall, where many national ceremonies take place.
Thousands of retirees (and younger folks, too) are benefiting from a higher quality of life and a lower cost of living in places overseas where even a little goes a long, long way—whether it be filling a tank of gas, getting the week’s groceries, paying for health insurance, or making all the other ends of a monthly budget meet.
Maybe it’s the music. Or the breathtaking landscapes. Or the witty humor and long, effortless conversations. Even without a drop of Irish blood in your veins, it’s easy to fall in love with Ireland’s charms, traditions, and strong sense of community. The recession that followed the Celtic Tiger boom hasn’t altered the essentials that make the Emerald Isle special.
For many retirees thinking of moving abroad, climate is a crucial factor. The climate rankings in International Living’s annual Global Retirement Index is one of the first comparisons many potential expats and international retirees will make between possible destinations. Here are the top countries ranked for climate on the 2016 International Living Global Retirement Index.
Valentine’s Day may be the most romantic day of the year, but it’s undeniable that some locations have a certain “je ne sais quoi”, which adds that something special to the occasion. International Living ranks the top five most romantic locations on their beat—great places to visit with a loved one or to strike out and find love anew.
Many factors come into play when considering a retirement abroad. Cost of living, prices of rents and real estate, and healthcare options are main concerns. But quality of life for retirees moving abroad also depends in large part on being able to fit in quickly, learn the ropes, and mix well with the locals in their adapted communities. Language, culture, and community support from locals and other expats all can have a dramatic effect on the quality of the expat retiree experience.
Cost of living can be a major concern for people on fixed pension, annuity, and other retirement income sources. In International Living’s 2016 Global Retirement Index, three countries stand out from the top 23 retirement locations in the world as having the best cost of living:
As healthcare costs and complexity in the U.S. continue to spiral upward, more and more retirees are asking, “Can I get high-quality healthcare for less if I move overseas?” The simple answer is yes. The Healthcare category of the 2016 International Living Global Retirement Index ranks the healthcare systems of the 23 most popular retirement locations abroad.
Panama, Ecuador, Mexico, and Belize earn top rankings as the countries with the best retiree benefits and discounts in the newly published 2016 Global Retirement Index from InternationalLiving.com.
The 2016 Global Retirement Index lists the top countries where retirees can live better for less around the world. But as well as offering a lower cost of living, some countries stand out in the category of significant retiree benefits and discounts, including savings on transportation, entertainment, social services, visa costs, and healthcare.
Panama takes the top spot in InternationalLiving.com’s 2016 Annual Global Retirement Index. Months of research goes into compiling this Index and InternationalLiving.com’s editors are helped by their large team of expat contributors based around the world, who help collect the data and offer input used to identify, rank, rate, compare, and contrast the very best retirement destinations in the world.
The overseas-living experts at InternationalLiving.com are calling on the public to help them decide who should be the overall winner for their “Best Job in the World” contest. More than 1,000 hopefuls entered the competition, which is looking for a writer to travel to one or more of the world’s best retirement havens and report back on the experience.
In 2016, InternationalLiving.com will send the winner of its “World’s Best Job” competition to one or more of the destinations rated as the best retirement havens in the world. The winner will explore at least one overseas haven and report on the experience. The prize includes a round-trip flight plus $5,000 in spending money. “We’re looking for an American or Canadian with a sense of adventure, a willingness to try new things, and a belief that instead of settling for an ordinary retirement at home or the lingering drudgery of a 9-5 life…other, better options might exist overseas.
The retire-overseas experts at InternationalLiving.com are looking for somebody interested in living abroad to spend a month or more in one of their top-rated retirement havens and report on the experience. The prize includes a round-trip flight plus $5,000 in spending money. “We ask that the winner spend a minimum of a month abroad…but a longer stay is fine. The winner can choose to explore just one country…or to travel to more than one. The $5,000 is the winner’s to spend as he or she likes,” says Jennifer Stevens, InternationalLiving.com’s Executive Editor.
According to the latest figures from the U.S. Social Security Administration, U.S. retirees overseas received more than $3 billion in Social Security benefit payments in 2013—an increase of $160 million year-on-year, when compared to 2012. American retirees can receive Social Security benefit checks in almost every country in the world. Statistics reveal that Europe is home to the most U.S. retirees drawing their benefits abroad (154,238), followed by Canada and Mexico (95,767), and Asia (70,586).
A growing number of the 8,000 baby boomers who turn 65 each year are looking overseas in search of a better retirement. They’re looking to havens where costs are lower, the climate is often better, the healthcare is top-notch, and property prices deliver good value, report the retire-overseas experts at InternationalLiving.com. “The traditional age for retirement in the U.S. is 65, but many Americans feel they’ll have to keep working into their 70s before they can retire comfortably… if they ever can,” says Executive Editor of InternationalLiving.com, Jennifer Stevens.
Retirees interested in spending time in Europe should put the English-speaking Mediterranean islands of Malta and Gozo at the top of their “go-there” list, according to a new report from the overseas-retirement experts at InternationalLiving.com. These islands offer retirees a high quality, Mediterranean lifestyle with sandy beaches, warm weather, ancient cities, a rich cultural tradition, and low costs.
Europe offers rich culture, history, sophistication and—with today’s strong dollar—affordable living as well. The InternationalLiving.com report points to the five best-value countries for a European retirement today.
The town of Las Tablas on Panama’s Pacific Coast, is renowned for everything from colorful Carnival celebrations to artisanal textiles, pottery, and leatherwork. And beaches. Life in this sunny region of Panama is good , say the expats who, in increasing numbers, have begun to settle there. “Las Tablas is graced with more sunny days and less humidity than any other part of the country,” says InternationalLiving.com Panama editor Jessica Ramesch. “And the cost of living is the lowest in Panama. Here, a couple can easily live on $1,000 a month, including rent.”
Right now the U.S. dollar buys more in Europe than it has in over a decade. It means that this is a smart time to buy property in certain markets—including Ireland, Portugal, and Italy—according to the live-overseas experts at InternationalLiving.com. A €100,000 property that would have cost $139,000 last March costs just $106,310 right now, a discount rendered by the currency-exchange rate alone. “In good-value markets that made sense at ‘full’ price, this favorable exchange rate is effectively putting properties on sale, and the bargains can be unbelievable. The timing is right for Europe today,” says InternationalLiving.com’s real estate expert Ronan McMahon.
A new report from the editors of InternationalLiving.com ranks and profiles the five best tropical-island paradises for retirees today. Spread throughout the world, these islands are unique—but they share certain characteristics: They’re warm, offer good infrastructure, provide acceptable healthcare facilities either on-island or nearby, and they represent good value—a couple can live comfortably from $1,500 a month, housing included. “Something about the word ‘island’ makes the mind race to ‘escape,’” says InternationalLiving.com’s executive editor, Jennifer Stevens. “On an island, the pace slows, you live in the present, you shed concerns right along with your closed-toed shoes.
Today real estate shoppers in Spain will find good-value properties at bargain prices in three scenic mountain towns—Mijas, Ojén and Torrox—located 30 minutes from the popular resort town of Marbella. With more than 2,800 hours of sunshine a year, this region attracts travellers and expats looking to escape a harsh winter back home and save money at the same time. “A couple can live well for about $2,400 a month, including $600 in rent,” reports InternationalLiving.com editor Nazareen Heazle.
Residents of the country pay into La Caja. The fee is 7% to 11% of the person’s monthly income, which provides coverage for a spouse as well as a dependent. “After you pay your monthly fee, you receive free care,” says InternationalLiving.com Costa Rica editor Jason Holland. “Anything you need is available through a nationwide network of clinics and hospitals: doctor’s visits, medical testing, prescriptions, major surgeries, and hospitalization,” Holland says.
For their 2015 Annual Global Retirement Index, InternationalLiving.com’s editors and correspondents spent months researching, surveying, and collating the data on the best places to live in the world…a task that included identifying the best climates worldwide. The Climate category in the Index assessed the hard data of temperatures, rainfall and humidity, and also the comfort level of each destination’s climate. “It’s difficult to quantify and qualify a ‘perfect’ climate,” says Suzan Haskins, senior editor at InternationalLiving.com.
“When looking at great retirement destinations overseas, low costs and affordable real estate may be well and good, but you need to feel at home,” says InternationalLiving.com editor Steenie Harvey. “How easy is it for expats to integrate into each country? Do the locals speak good English or do you need to speak the local language? Are the locals welcoming and friendly toward expats, and is there an existing expat community with lots of groups and clubs to join?” InternationalLiving.com’s just-released annual Global Retirement Index ranks and rates the best retirement havens in the world today in eight categories and Ireland, New Zealand, Malta and Belize each receive a perfect score of 100 in the Index’s “Fitting in” category.
Panama, Ecuador, Belize and France offer the best retiree benefits in the world, according to International Living’s just-released annual Global Retirement Index 2015. In a bid to entice expats, these countries have assembled attractive benefits packages, which offer huge savings for foreign retirees on everything from travel to utility bills to medication. Topping the “Retiree Benefits and Discounts” category in the Index is Panama, which offers the best incentives for retirees in the world.
InternationalLiving.com’s just-released Annual Global Retirement Index profiles the best destinations for good-value living around the world today. Using input from a large team of correspondents on the ground all over the world, the Index combines real-world insights about climate, health care, cost of living, and much more to draw up a comprehensive list of the best bang-for-your buck retirement destinations on the planet. “The world’s top retirement havens for 2015 may dot the landscape from Asia to Latin America to Europe, but they share certain assets,” says InternationalLiving.com’s executive editor, Jennifer Stevens. “They’re safe, offer good value, and are places you can settle with relative ease.
“Belize has a lot to offer those seeking a new life abroad. There’s a feeling of opportunity and possibility, of a place being shaped right now…a country where retirees can find a comfortable place or someone with an idea can start a business,” reports InternationalLiving.com editor Jason Holland. “It’s not as established as some of the other tourist destinations in the region, so there’s still lots of room for new businesses that fill a gap in the market.” With a population of 330,000, Belize offers plenty of empty, wide-open spaces. Located below Mexico’s Yucatan peninsula, this is picture-postcard Caribbean. It’s a country of Maya temples, seaside condos, jungle lodges, and colonial mansions.
Located on Spain’s popular Costa del Sol, Málaga is clean and bright, with a pedestrian-only city center and a revamped harbor. The city is brimming with museums, great dining, and plenty of shopping to suit all tastes and budgets. The best of “old” Málaga is well preserved. The city, with its miles of seashore, is cheerful and vibrant, oozing trademark Andalusian charm. Year-round the sun shines and winter temperatures are balmy (days average 63 F in January). Sea breezes blow off the Mediterranean, cooling the hotter summer days. “Málaga remains a very Spanish city, even in the prime tourist areas. Here you can enjoy big-city life with laidback charm,” says InternationalLiving.com editor Glynna Prentice.
Better weather and a low cost of living makes Ecuador a great option for retirement, and recent improvements to the immigration process now makes it even easier to gain residence in Ecuador. Ecuadorian lawyer Santiago Andrade says: “President Correa’s administration has improved many of the bureaucratic processes, and business and immigration is not the exemption to this change. I have seen an improvement in the timing of the residence visa process. In the past a visa took around 30 to 45 days to be approved; now it takes two to three weeks.”
“The first time I saw Chiriquí Province I was enchanted. It felt familiar and was just so green. Although I was born and raised in New Jersey, I’m a country girl at heart and Chiriquí felt like home,” says InternationalLiving.com’s Panama highlands correspondent Linda Card. Chiriquí is one of nine provinces in Panama, and borders Costa Rica to the west. Mostly rural, the landscape is among the most scenic in the country, with mountains defining the skyline. Acres of fruits and vegetables thrive in the rich volcanic soil, while cattle and horses laze in verdant pastures.
For some, home is a place on a map or a house filled with memories and possessions. But for others, home is much more portable. Dan and Char Marshall are among a growing number of U.S. couples who have traded in a stationary retirement for one much more mobile and exotic. Semi-retired, they have been exploring South America for the last 11 months. In that time, they rented a car for seven weeks to explore Chile; trekked in Patagonia; lived and cruised for one month in the Galápagos; hiked over a mountain pass to Machu Picchu; taken kitesurfing lessons; swam with baby sea lions… and the list goes on.
Located in Northern Thailand, just 85 minutes by air from Bangkok, the city of Chiang Mai has become a major draw for thousands of expats who, today, call this community on the banks of the Ping River, home. Affectionately nicknamed the “Rose of the North,” Chiang Mai is a vibrant university city famous for its many Buddhist temples, rich cultural offerings, and good food. The warm climate, low costs and excellent, modern infrastructure have attracted expats in big numbers, and that includes thousands of retirees from all over the world.
With good, fresh food, more exercise, and clean air, expats say they live a healthier lifestyle overseas and it’s easy to do so. Americans Denver Gray and his wife Ann moved to the beach town of Salinas, Ecuador in March of 2013. “After we bought our condo, we came to Salinas for five weeks to set things up,” says Gray. “Some interesting things happened during those five weeks. Without any deliberate attempts to change our diet or lifestyle, my wife and I each lost 10 pounds.”
More and more baby boomers are taking their retirements overseas, report experts at InternationalLiving.com, who say they’re seeing a significant increase in demand for their research and services. Today more than half-a-million retirees receive their Social Security benefits abroad. According to International Living editor Dan Prescher, that likely under-represents the actual number of Americans retired overseas.
Slow-to-recover real estate markets across Europe are producing pockets of great value, report the editors at InternationalLiving.com, whose new report highlights an array of attractive properties on offer for less than $150,000 in France, Italy, Ireland, Spain and Greece.
“Plenty of everyday people are choosing to live on the water full-time—in their retirement,” says InternationalLiving.com editor Jason Holland, author of the publication’s new report. “After a bit of training and hands-on experience at home, they’re tying up beside mega-yachts in the Mediterranean, finding large floating communities of like-minded expat sailors in the Caribbean, and island hopping in the Gulf of Thailand, heading wherever their fancy takes them.”
“Paris thrives on its glamorous reputation, but discounts and deals are available here just as they are everywhere else,” reports Barbara Diggs, InternationalLiving.com’s France correspondent. “With a little inside knowledge you can enjoy the best of Paris for far less money than you’d think.” Diggs reveals the best places to eat and shop in the City of Light, as well as detailing cultural attractions from museums to the theater, all at a fraction of the price a tourist would expect to pay in a city like Paris.
After topping Amazon best-seller lists for New Releases, Retirement Planning, and Personal Finance, The International Living Guide to Retiring Overseas on a Budget, written by the senior editors at InternationalLiving.com, is now available in Audible audiobook format from Amazon.
InternationalLiving.com’s Brazil correspondent, John Clites, an American who has been living in the country since 2008, reveals his top insider picks for what to see and do in Rio de Janeiro during the FIFA World Cup. Visitors from all over the world will descend on Brazil for the event, which starts on June 12. Most will visit Christ the Redeemer and Sugarloaf Mountain, but Clites offers advice on activities not typically published in guidebooks.
Malta is a safe place to put your real estate dollars, reports InternationalLiving.com’s property expert, Ronan McMahon. Though economic crisis has plagued much of Europe over the last six years, this stable and peaceful haven in the Mediterranean has escaped untouched.