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.
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.
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.
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.
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.
“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.
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.
“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.
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.