With the continuous rise in the cost of living in America, the savings of the expats from their retirement seem to be insufficient to suffice all their basic expenses to survive for their everyday living. Hence, retirees are beginning to consider the trend of retiring abroad.
For years now, International Living has been ranking, rating and listing the best countries to visit after one's retirement based on data gathering depending upon the number of retirees and the rate of living per destination. This 2017, after careful evaluation in terms of cost of living, healthcare, benefits for retirees, lifestyle, climate and all other stuffs, the best countries in the world where expat retirees must visit are already named. Here are the world's top 10 destinations after retirement in 2017.
With its low cost of living, Mexico has been a perfect for retirees this year. After being third in International Living's list, Mexico now tops the best places to visit after retirement with over a million American citizens who choose to call it home and enjoy its summer breeze and affordable cost of living.
The weakening of peso over the stronger dollar has also made the life in Mexico even better and inexpensive with an apartment that costs only $980 from the $1,300 back in 2014. The English language is likewise usually spoken in areas such as Riviera Maya and Lake Chapala where most retirees are found.
Also, once an expat officially acquires Mexican citizenship, he can actually take advantage with the retiree's benefits in the country such as discounts on transportation tickets, health care, leisure and entertainment, and all other benefits to which a legit Mexican is entitled to. "I live well here on Social Security. My expenses are $1,200 a month, including rent. I have a two-bedroom house with a terraced garden," says Steve Garcia, a 67 year-old Chicago native who has been living in Guanajuato since 2013.
Aside from its famous Canal, the ease of living with high-end infrastructure and exceptional convenience is what makes Panama one of the best where the retirees should be. It is then no doubt why the country has ranked 100 of 100 in terms of "benefits a& discounts", the highest among any other country in the world.
The Pensionado program for retirees is also one of the key factors why Panama is known to be one of the best retirement destinations in the world. The program makes obtaining of residence among foreign retirees easier. The Pensionado program also provides up to 50% discount to retirees on travel, leisure, dining, accommodation, and more.
With a final score of 90.74, Ecuador comes third in International Living's list this year. When it comes to considering the country's climate and weather, there is no doubt that Ecuador is one of the best places to stay at after retirement.
The country also offers amazingly affordable prices on healthcare, as well as the availability of real estates and residences may it be for permanent use or not. Cuenca, Quito, Cotacachi and Salinas are just some of the many sanctuaries for expats in Ecuador.
For over 30 years, Costa Rica has been a haven for retirees because of the safeness and stability of the country added to the hospitality and cheerfulness of the locals. Costa Rica is known to be the country where the enjoyment of life is highly valued as it offers a stress-and-hassle free way of living.
"For between $2,000 and $3,000 per month, a retired couple can live well and cover all expenses without scrimping. For example, you can fill your fridge with fresh produce from farmers' markets for about $35 per week...property taxes are just 0.25% of the home's assessed value...a decent meal at a local restaurant will run you $5 per plate...and rents start at $400 per month for fully-furnished condos or homes in nice areas," says Jason Holland, International Living's Latin America Editor.
With access to both the Pacific Ocean and the Caribbean Sea, Colombia has attracted so many expats for years. One of the best things that make Colombia a place-to-be is the country's breath-taking sceneries of greens, towns and beaches. With arms wide open, the locals of Colombia greet the foreign retirees with smiles, jive, music, classic delicacies, festivals and more.
For only $2,000 per month, couples can already live comfortably in Colombia without hesitating to whether their budget will suffice or not. Travelling from one point to another is very easy in Colombia as modes of transportation are low-priced and accessible. Inter-country flights are also cheaper giving you a much shorter travel and therefore allowing you to spend more time exploring your destinations.
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