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.
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.
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. 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.
“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.