Erdi Knezic and her husband were ready for a change. They were both born and raised in Wisconsin. They had a profitable company that made molded plastic parts for cars and successful careers, but they were fed up with the extreme cold weather of the northern states. "I told Jerry if you don't get me outta here, I won't make it through another winter," says Erdi. And so Jerry did just that... First the couple moved to Florida. But "we read International Living and liked the idea of moving overseas," Erdi says. "We considered Costa Rica. But then we came to Panama and we really liked Chiriquí Province. It reminded us of the rural countryside in Wisconsin."
International Living’s just released Annual Global Retirement Index 2015 highlights the best places in the world to retire. This Index ranks the top 25 countries in the world for retirement in eight important categories. There are many perks available to retirees when you move overseas and one of the eight categories weights Special Benefits for Retirees. These special retiree benefits will help you save big. See below for the benefits you’ll receive in Panama, Ecuador, Belize and France—all four countries topped the Index in this category.
There are many low-cost places to retire to in Panama. For those who enjoy the slower pace of rural living, Chiriquí Province, where I live, offers a delightful climate, easy convenience, and a quality lifestyle in an affordable retirement destination. While the city of David offers all the amenities of a good-sized city and the town of Boquete is a favored expat haven, some of the smaller towns in the area combine access to these desirable features with a lower cost of living. Dolega is one such small town in Chiriquí Province in western Panama. The four-lane highway that runs north and south between David and Boquete runs right through Dolega, so it’s easy to find. A new pedestrian overpass marks the main turnoff into town, at the Municipal Palace, shaded by a gigantic mango tree. Dolega is the administrative seat of the district of the same name, which encompasses a total of nine towns such as Los Anastacios, Dos Rios, Los Algarrobos and Potrerillos.
There are those who adore Paris but could think of nothing worse than living in the city center. Romanticism aside, Paris is a big city—and an intense one. After living here awhile, you start to notice that the streets are endlessly thronged. Scooters and motorcycles gun through the streets day and night. And most reasonably-priced apartments are about the size of a walk-in closet. The best way to revel in the advantages of Paris...
Low cost of living...stunning natural beauty...warm, friendly people...and the best retiree discount in the world. There are so many good reasons to live in Panama that it's easy to see why Americans are choosing...
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.
Every time you turn around, another travel piece appears about Ecuador’s capital city, Quito. Mainstream travel writers, it seems, are just now discovering what we’ve known for years… that the city is a worthy destination that blends new and old in alluring ways. It doesn’t hurt that Quito is one of the world’s most affordable cities.
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.
Montevideo, Uruguay’s capital, intrigued me with its historic architecture, plazas, and café culture. Punta del Este, South America’s premier beach resort, awakened my senses, with its beautiful beaches and endless menu of activities. The Rocha region, with its palm tree-dotted prairies and pristine Atlantic beaches, filled me with primal wonder.