Retiring Abroad

Retiring Abroad

We examine the practical challenges of relocating overseas, and the global economic forces that influence how and where people retire.

A growing number of retirees are opting to spend their "golden years" abroad. They're moving to Latin America, Asia, and other corners of the developing world in search of warm breezes, affordable healthcare, and a better lifestyle than they could afford at home. We examine the global economic factors that determine how and where people retire, as well as the practical challenges of relocating abroad.

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Ten years ago my wife and I decided that we wanted to verify if indeed it was true that america was the best place in the world to live in before it was too late. In other words we wanted to have the opportunity to have a proper comparison to the great american life. We now have lived ten years in Spain. This experience has increased our quality of life by an order of magnitude. It is not that american life is worse than life in Spain, it is that life in Spain is different, in some cases it is significantly better and in other cases america has the better option. But the value of experiencing other cultures, new languages and a very different life style has made our life very much richer before the grim reaper comes by.

My point is if you are about to retire take the opportunity to open, extent, your life experience through living in a different culture, life style. The only way this will work, one has to stop believing your own press.

Regards
Emile

PS We have lived in Canada, America, France and now Spain all of those countries have contributed to our quality of our lives. If we had only lived in america our life would of been very much poorer.

Thu, 04/15/2010 - 2:47pm

My parents retired back to our native country of Poland after living and working here for 20+ years. They did not have an option of staying here in the US, with housing soo expensive and healthcare even more so, they had to return in order to be able to get the medical care they both needed. America is becoming prohibitively expensive to live in and unless one has a good foundation of feeding one's investments, 401Ks, IRAs, the next generation after baby boomers will be in for a rude awakening when they cannot afford the most basic human needs like a decent place to live or guaranteed healthcare until death.

Thu, 04/15/2010 - 10:28pm
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