Every person must have a desire or dream in his old age, many people who want to live comfortably and peacefully in their old age. After they retire, they will move to a place that feels comfortable and suitable for them, They will spend time there for rest of their lives doing the things they like. And not even just moving cities, many people have move abroad after they retired. Are you one of the people who want to do it? Moving abroad to enjoy life with your retirement fund? If that is what you want then this time we will answer question about is retiring abroad a good financial solution for you?
Disadvantages of retiring abroad
Retirement is one of the things we will experience if we hav entered retirement age and are no longer working. After retirement, we will get a retirement fund and maybe you also have savings for your old age. But retiring abroad does not always bring benefits but also has disadvantages for you and your financial. The following are some disadvanatages of retiring abroad :
1.It costs a lot
One of the things that might be a disadvantages if you want to retire abriad is that need a lot of money. Of course when you want to move to a certain country then you have prepare extra funds to rent or buy a house there, plus maybe the needs in your new country are different from the prices of needs in your home country, In addition, when we decide to retire abroad we will need enough funds to transfer goods and also deliver goods. Because of course, we will bring lots of clothes and also objects for our new place of residendce.
So we suggest that those of you who have entered retirement age and may want to retire abroad should first think about it. Before you decide you retire abroad, calculate the costs you need to move to foreign countries. Includes plane tickets and shipping costs. After that, think about whether you have enough retirement savings or your retirement funds is enough to live in the new country that you are visiting later?
2.Need adaptation
The second thing that can be a disadavantages that you will experience when choosing to retire abroad is that you need time for adaptation. We know every country must have different cultures and habits. If we retire to another country, maybe we rarely visit there, We need a long time to adapt, for example about the languange, culture, and habits. In addition, we also need time to familiarize our finances while we are in the country we are going to when we are retiring because maybe the price of the needs and property there is clearly different from that in our country. So before deciding to retire abroad you should first think about it.
Advantages of retiring abroad
Every people have a dream in his old age, such as living abroad in his retirement age. If we discussed earlier about disadvantages of retiring abroad, then now we will discuss what advanatges of retiring abroad you can get if you retire abroad especially for your finances. The following are some of the advantages or benefit that you can get if you di a pension abroad :
1.You can save health care costs
Once yu know what disadvantages and advanatges of retiring abroad you can experience when choosing to retire abroad. Now it’s time for you to know what are advantages or benefits you can get if you retire abroad, your goal of knowing the advantages and disadvantages is so that you can consider wheter it’s good for your finances or not. Maybe some of you think if you retire abroad it only costs money because we have to prepare a lot of costs to make a preparing many things. Even if you can manage your manage your finances well and look for the right moment, retiring abroad can actually bring you many financial benefits. One of the benefits that you can get if you retire abroad is that you can save on health care costs.
One of the things we have to think about when we are in retirement age is our health. As the age increases, the risk of experiencing ilness naturally increases. If you are in the United States, then maybe you will think about the costs for your health care, Uninted States financial experts have calculated if the average person 60’s or retirement age spend more than a quarter of a million dollars during their retirement years for health care costs. Lots of people decide to move to another country because they don’t want to feel worried about expensive health care costs.
Many other counties besides the United States provide the same standard of care as well with trained and professional doctors in the United States but at lower prices. One of the countries that have affordavle treatment cost is Mexico. Many people from various countries who have entered retirement age decided to choose to move to Mexico because of the high-quality health care costs even though they are cheap. You only need to spend around $ 30 to go to the doctor or hospital without needing insurance. In addition to staying overnight in a hospital and private room you only need to spend a budgt of $ 100 only. In addition there are still many other countries that you can make a place to retire if you want to save money like some countries in Europe and Central America that allow expatriates to register in their public health service system if you are declared to living in the country. If you do that, it can help you to pump more monet or your retirement savings.
2.You can relize you retirement dream
Many people have dreams in their old age or retirement age. For example, moving to the area they want and just want to spend their old age to graden or raise livestock. One of the desires or dreams that many people want in their retirement is to move to the country they want. But retirement abroad is certainly not for everyine. There are many things that must be considered when you decide to spend your old age or retirement abroad, for example there are some things that you volunteer for it. Like for example if you have been living in the US, there are some places that don’t have petrol stations or there may be places that don’t have a drive-through for 24 hours at McDonald’s. But moving abroad after retirement is one step you can do if you have a dream of retirement.
Did you know if retiring abroad is one step that can save a lot of money? Especially if you move to a country that has a cheaper cost of living. Apart from being able to help save your living expenses, you can also help you to live comfortably in your old age. You can realize your retirement dream by living abroad. Many countries can you go to realize your desires in old age.
In addition, according to one study, showing that exploring new environments and also learning new languages can help you get better health so you can save on health care costs. According to the study, it was also concluded that learning new languages and exploring the environment could also help the body and brain to be more active and more alert for a long time. If you want to be able to realize your dreams, it doesn’t matter if you move abroad to spend your retirement. Maybe that is the right thing for you.
3.Many countries have lower living costs
Besides being able to save on health care costs, and can help you realize your dreams in old age. One of the advantages that you can get from the third is that many countries have lower living costs. Today, there are many countries that you can go to as a destination after you retire later, which offer beautiful and exotic scenery even though the costs required are quite low. Moving abroad is one of the right things to stretch your retirement dollars. If you want a beautiful and exotic place, maybe you could choose to move to the Bahamas or Rivera Beach, which tilt the cost of living. You can also choose to live in several countries in Central and South America, some countries in Europe are friendly, safe, clean and also very cheap so you don’t have to worry about the cost of your life while you are there.
The country and city that you can go to in your retirement
There are advantages and disadvantages of retirement abroad. It all depends on you, whether you want to retire abroad or not. But if you decide to retire abroad, make sure you have enough funds or finances because there are many things you have to prepare to go abroad to retire. For those of you who decide to move abroad to spend retirement, then on this occasion, we will provide important information about the country that you can go to in your retirement. Here are some countries that you can make your destination:
1.Portugal (Lisbon)
One of the countries that you can make as a place to spend your old age is Portugal. This country in Western Europe is one of the countries popular enough to continue living after retirement. This country is the cheapest country in Western Europe. There are many reasons that make many people choose Portugal as their retirement destination, one of which is good weather. The capital of Portugal is Lisbon, which is only a 6-hour flight from Boston and New York. The cost of living in Portugal is quite cheap, you only need to spend around $ 1000 per month to rent an apartment. In addition, we can also enjoy the beauty of a beautiful city and a more affordable cost of living. If you want the cost of living cheaper then you can choose to live in the countryside.
2.South America (Quito)
If you want to move to another place but still want to be in America, we recommend that you move to the city of Quito in South America. Quito is the most beautiful metropolis in South America. In this city of Quito you can get many things such as luxurious dining places, museums, shopping centers, and other tourist attractions. You can still feel a high standard of living and also be comfortable just by spending a living cost of less than $ 2000 per month. You can even eat out often and also watch the cinema with the money. Even still left to hire helpers in your house. Are you interested in moving to Quito?
Now you have found the answer from is retiring abroad a good financial solution for you? To retire abroad, the decision is in your own hands. You already know what are the advantages and disadvantages of moving abroad to spend your retirement. If you want to get a new atmosphere, and want to be more economical for your retirement life then you can go to the country you want or the country we recommend above. Because today many countries have affordable health care costs and life can prosper. But if the pension fund is lacking or you don’t have a lot of retirement savings then we recommend not moving to another country to spend your retirement. Before you deciding to move after your retirement age we suggest you must thinking it again and also preparing it because this things is not simple things but complicated things, you need to prerpare many things before you are moving in the other country that you want. Hopefully, the article that we provide this time can help you a lot and also be useful for you who want to retiring abroad. We wish all the best for your decision!
