Leaving the country after retiring is a big decision but it doesn't have to be a difficult one. There can be a lot of benefits to it including a lower cost of living, better weather, and living in a place that you dreamed about.
But switching countries won't be as easy as it might seem. Because each country has its own rules and regulations for foreigners, so you need to do your homework before you relocate. From VISA to change of nationality, there is a lot to think about.
In this article, we will be sharing the top 5 countries that are popular among retirees. And we'll also be giving you an insider's guide on what to expect and how to make a smooth transition into your new life.
What to consider before retiring abroad?
The first three things one should consider before retiring abroad are:
The cost of living in the country
Taxes in the country
The healthcare system in the country
These are important factors to consider because they will have a direct impact on your quality of life after retirement.
A few other things to keep in mind are:
What is the climate like?
Do you know anyone in the country?
Is the country safe?
What is the infrastructure like?
What is the political stability of the country?
Once you've considered all these factors, you can start to narrow down your options and choose the country that is best for you.
Now let's take a look at the top 5 countries to retire in and live like a rock star!
Top 5 countries to retire in
There are a lot of great countries to retire in but we've narrowed it down to our top 5. These countries offer a great quality of life at a lower cost, and they're also easy to relocate to.
The country is full of rich history, culture, food, and wine. It's no wonder that it's become a popular destination for retirees. Portugal offers a great quality of life at a lower cost than most Western European countries. And it's also easy to obtain a residency VISA which makes it a great option for retirees.
And how can we forget about the beautiful beaches and weather? Portugal has a temperate climate which means that it's warm in the summer and mild in the winter.
The welcoming culture and relaxed lifestyle make it a great place to retire. And you can also find a community of other retirees in Portugal which makes the transition easier.
The cost of leaving is also one of the lowest in Europe, €2,000 per month is more than enough to live a comfortable lifestyle.
Canada is ranked one of the safest countries in the world and it also has a great healthcare system. The cost of living is also relatively low, especially if you compare it to other developed countries like the USA, UK, or Australia.
The weather in Canada varies depending on the region but overall, it's a great place to live. And if you love the outdoors, then you'll be happy to know that there are plenty of opportunities for hiking, skiing, and camping.
Transportation is also great in Canada with a well-developed infrastructure. From multiple airports to a world-class railway system, getting around is easy. And how can we not talk about Canadian diversity? You'll find people from all over the world and make friends easily.
If you have kids, then you'll be happy to know that Canada also has some of the best schools in the world.
The only downside is that the process of obtaining a residency VISA can be long and complicated. But once you're settled, you'll be happy you made the move.
Not having an Asian country on the list would be a crime! And our top pick for Asia is Malaysia. It's a beautiful country with a rich culture and food that will make your taste buds dance. The cost of living is also incredibly low, you can easily live on less than $1,000 per month.
Malaysia is also a great place to retire if you love the outdoors. There are plenty of opportunities for hiking, diving, and snorkeling. And Malaysian beaches are some of the best in the world.
The healthcare system is also very good, and you can find English-speaking doctors in most major cities.
Malaysia has a lot to offer retirees and it's also easy to obtain a residency VISA. The only downside is that the infrastructure isn't as developed as other countries on this list, however, with welcoming locals and a low cost of living, you won't even notice any inconveniences.
If you're looking for a sunny retirement destination with a low cost of living, then Mexico should be at the top of your list. It's a beautiful country with plenty to see and do. And the best part is that it's just a short flight from the USA which makes it easy to relocate.
Mexican foods don't need any introduction, it's some of the best in the world. And you can also find plenty of international cuisines if you get homesick. The cost of living is also very low, you can easily live on less than $1,500 per month.
The weather in Mexico is also perfect, it's sunny all year round. And if you love the beach, then you'll be happy to know that there are plenty of beautiful beaches to choose from.
The healthcare facility and transportation system are also well-developed. So if you are looking for a sunny retirement destination with a low cost of living, then Mexico is the place for you.
And last but not least, we have Spain. It's a beautiful country with a rich culture and history. The food is also amazing and you'll find plenty of international cuisines to choose from. The cost of living is also relatively low, especially if you compare it to other developed countries in Europe.
The weather in Spain is perfect, it's sunny all year round. And if you love the beach, then you'll be happy to know that there are plenty of beautiful beaches to choose from. The healthcare system is also very good and you can find English-speaking doctors in most major cities.
You have cities like Madrid, Malaga, Barcelona, Granada, Valencia, and Seville to choose from. So, you'll find a place that suits your taste.
And the Spanish football obsession will keep you entertained. So, if you're looking for a beautiful country with a rich culture and amazing food, then Spain is the place for you.
Living in a different country after retirement is a dream that many people have. The best part is that it's not just a dream, it's achievable, all you need is to pick the right country. These are our top 5 countries to retire in and live like a rock star. We hope this list will help you narrow down your options and make the decision-making process easier.