A unique trend is starting to impact people who are retiring in the United States. Retirees who are worried about running out of money are starting to consider retiring abroad. Some overseas locations will allow retirees to live a relatively lush lifestyle on incomes that they could barely scrape by on in the United States. In some places, a budget of as little as $1,500 a month or $18,000 a year can help you live a very lush lifestyle, according to https://internationalliving.com/ .
In certain places overseas, retirees can actually improve their quality of life and spend less. There are places where you can afford to rent an apartment in a safe community, where people are welcoming and the climate is good, have good quality low-cost medical care, as well as eat and travel well. This means that you can afford to relax and do what makes life meaningful for you during your retirement years.
The international living annual global retirement index for calendar year 2017 ranks locations based on factors such as day-to-day expenses, the cost of traveling back to the US to visit family and friends, as well as traditional standard of living cost. As people continue to figure out that retirement costs are more than they think, especially over longer life expectancies, this is a trend we expect more people to continue to consider. Please let us know if you have questions about this, as our goal is to help our clients with a comfortable and meaningful life during their retirement years.