This post Dream of Retiring Overseas? Look Here … appeared first on Daily Reckoning.
My family loves to travel. South Africa … Thailand … India … Peru … Italy … Panama … the list of foreign countries we’ve visited, some of them two or three times, is pretty long.
And there have definitely been times when we’ve talked about staying at some of those destinations a little bit longer … like maybe even forever.
For more and more Americans, that’s becoming a reality.
The State Department estimates that 8.7 million U.S. citizens — excluding military personnel – now live in more than 160 foreign countries.
About 400,000 of them are collecting Social Security overseas, too.
Given the massive wave of Baby Boomers now retiring, those numbers are sure to keep rising.
After all, a home with a view of the Pacific is much less expensive in San Juan del Sur, Nicaragua than it is here in Santa Barbara, California.
Top notch medical care in Bangkok, Thailand costs a fraction of what you’d pay in Dallas, Texas.
It’s even possible to avoid various types of taxes depending on your personal circumstances.
Beyond the financial considerations, many folks are also looking to simply escape harsh North American winters …
Distance themselves from American politics …
Or embrace a new adventure after decades spent in the same office or town.
So whether you’re just an armchair traveler or seriously considering becoming an expat, let’s explore six countries from different regions of the world that might make interesting places for retirement …
Central America
Central America is popular for many American retirees. It’s close to the U.S. with sunny beaches and remains very affordable.
I’ve gone to Costa Rica three times to enjoy its world-class surf, but there’s much more to Latin America’s longest-running democracy than great wavers.
Many expats live in the central valley where you can avoid the tourists and enjoy the mild climate at elevations above 3,000 feet.
Spanish is the official language, and once you venture from the more touristy areas, a basic understanding of that language is extremely helpful.
Nicaragua and Panama are also up-and-coming Central American destinations that boast many of the same advantages as Costa Rica and maybe even cheaper costs.
For that matter, I had a great time in El Salvador when I visited in 2016!
Okay, next stop …
South America
One survey found that expats in Ecuador say it’s one of the best places in the world to live a happy life. The cost of living is low. And there’s no shortage of things to do.
Love beaches? Salinas could be the locale for you. The summer season is from mid-December through April.
Or, if sailing, surfing, and scuba diving aren’t your passions … look no further than the third-largest city in Ecuador …
Cuenca, with about 500,000 people, lies on the Andes mountain range. Year-round temperatures average in the mid-70s.
This city is a haven for artists and writers, who have prospered there since the 16th century. It’s an ideal spot for hikers and has some of the best fresh food markets in the country.
Southeast Asia
If …read more
Source:: Daily Reckoning feed
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