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.
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.