In a recent survey, International Living asked readers which country they preferred between Italy and France. 43% more of our readers chose Italy as their ideal destination. Voters revealed that they love “the character of the people and their dolce vita lifestyle.” One voter even admitted that “it provides the serenity that I crave. ”
According to Fidelity Investments in 2012, those aged 55 and older had an average balance of $143,300 in their 401k account. But is this enough to retire on? Maybe not in the U.S., but retiring overseas can be much more affordable than retiring in the U.S.
Panama has numerous different options that provide great benefits when it comes to securing residence in this tropical paradise. When it comes to the “Special Benefits of Retirees,” Panama does more for both its local and foreign retirees than any other country on the IL radar.
Many countries overseas provide retirees with special benefits, but the two that have taken the top spots in our Annual Global Retirement Index 2013 really take care of their retirees. For retiree benefits, Panama holds top place, as our Panama editor, Jessica Ramesch reports in this year’s Retirement Index.
Many who were on the fast track to retirement have now seen their retirement savings depleted and their plans sidetracked. Many wonder if they can retire at all, much less earlier than planned. With a few simple strategies and ideas there are a couple of ways to salvage your retirement plans.
Cuenca is known for its rich intellectual and artistic traditions that match its colonial architecture. It is famous for its colorful festivals and is one of three UNESCO World Heritage Sites in Ecuador. Located on the southern edge of the mountains, Cuenca is Ecuador’s third largest city. Here foreigners have the same rights as citizens to own property…and real estate in Cuenca is a bargain.
The average U.S. Social Security check is $1,230 a month for a retired worker. That may not seem like a lot--but when you retire overseas you can cut your cost of living. Below are stories from expats who did just that.
Islands are places where the stars shine bright at night. Out in the ocean, a profound quiet exists (no traffic jams, hassled commuters, sirens). And because not everything is always so easy to get on an island, one tends to care less about “getting” at all. Life really does become simpler. That stretch of water that separates an island from the mainland is nature’s moat. It keeps these places special…apart.
First-World cities packed with ultra-modern amenities, and ancient vineyard-shrouded hill towns close to tropical beaches and mountain valleys. Among the top retirement spots in the world this year, you’ll find great variety in the cultural offerings, climates and lifestyles. Each destination is desirable in its own way, but they all offer something increasingly hard to come by at home: A good quality of life for a reasonable price.
Did you ever want to go abroad but weren’t able to fund it? That doesn’t mean that your trip is doomed to never happen. Imagine instead getting paid to travel the world. It is possible to fund your trip and even make a profit by writing about your adventures.