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.
Here at International Living we believe that there are many reasons why you should consider retiring overseas. In places all over the world you’ll find a climate that best suit your needs and wants; a place that’s perfect for you, where you can escape cold winters...
For many, retirement is their chance to live the kind of life they’ve always dreamed of. Throughout their working lives they count down the days to when they can leave the 9-to-5 behind and focus on living their ideal lifestyle, in a location that’s perfect for them.
Moving overseas is an exciting adventure like no other. It can lead to a better, more affordable life in a beautiful and exciting country. But planning for that move isn’t always as thrilling.
For expats living in Latin America, knowing at least some Spanish is a necessity for day-to-day life. While many of the natives in your new home may have at least a basic level of English, knowing how to communicate with them in their mother tongue can help to build relationships with the people around you.
Costa Rica is a small country, about the size of West Virginia. But it does have an extensive coastline, with 780 miles on the Pacific Ocean, and 132 miles on the Caribbean Sea.
Nicaragua is an economical paradise. Imagine your dream location, with your favorite views, the best weather you can imagine, plenty of things to do, lots of new friends, and all for only $1,500 a month. That works out at just $18,000 a year to live in this beautiful country including everything: a furnished place to live, food, WiFi, electricity, water, trash, entertainment—everything! And you can enjoy a higher quality of life to boot.
So you’ve decided to retire to a Caribbean island paradise. You can already see yourself, toes in the sand, sipping a mojito by the turquoise-blue sea. Behind you, children laugh as they cartwheel down the beach, and by the waterfront fishermen chat as they haul in the catch of the day…but where are you?
According to the latest figures from the U.S. Social Security Administration, U.S. retirees overseas received more than $3 billion in social security payments in 2013. That number shows an increase of $160 million since 2012—and has nearly doubled since 2013. In total, 373,224 U.S. retirees received their social security payments as residents of a foreign country in 2013. Europe is home to the most U.S. retirees drawing their social security payments abroad (154,238), followed by Canada and Mexico (95,767), and Asia (70,586).
Retirement in the States is getting more expensive all the time. But in the right places overseas…you can upgrade your lifestyle and live better than you could at home for a small fraction of the price. We asked our editors from around the world to send in their monthly budgets. Read on for the 5 cheapest countries in the world to retire comfortably today.