Across the globe, many individuals choose to move abroad when it's time to retire. However, it can be confusing deciding where exactly you want to go. With many unique destinations, full of beauty and nature, the possibilities are endless. In this article, we'll take a look at seven of the top locations for retired expats.
Panama is undoubtedly one of the most well-known locations that many expats flock to every year. Located in Central America near Costa Rica, the land is filled with white sand beaches and lush mountain tops.
Panama has one of the lowest costs of living in the world, which is why many people choose to retire there. With cheap real estate, food, and entertainment, you'll have access to everything that you desire. It's also known for its incredibly affordable health care system, with some insurance plans covering up to 70% of medical expenses.
Spain's diverse geography makes it one of the most popular destinations for retirees that love a bit of adventure. You could be enjoying the markets in a bustling city one day, and relaxing seaside with a cocktail the next. It's the largest country in Southern Europe and is full of friendly locals.
While the cost of living in Spain isn't as cheap as others, it is still reasonable. You can enjoy fresh seafood from coastal locations, and because of its warm climate, there is an extensive range of delicious fruit and vegetable options.
Healthcare is both public and private; however, it can be expensive. Your Visa will outline if you are eligible for public healthcare, as there are different residency types.
If you want affordable massages, manicures, and pedicures, then retiring abroad in Thailand is the way to go! With incredible street food and bustling markets, there's no wonder it's such as popular destination.
It's cheap cost of living, means many couples choose to retire earlier, as they can afford everything they need. In hospitals, there is almost no waiting time, and you can enjoy the sunshine all year round. Even as something as a visit to the doctor costs a fraction of the price compared to other western societies.
Located in South America, Peru is perfect for those that love to explore and adventure. With Machu Picchu and a part of the Amazon Rainforest, it can be considered one of the world's most beautiful destinations. Again, it has a more affordable cost of living, but it depends on where you choose to relocate. For example, an apartment in Lima will cost more than if you were to travel just 20 minutes out of the city.
One of the downfalls of this beautiful country is its healthcare system, and it can take months to make an appointment. Many individuals opt for private insurance, as the public system doesn't always provide the best of care.
If you're after an affordable destination, with all the luxuries of home. Portugal is your way to go. While the costs of living are rising, it's still currently much lower than the UK and the US. You do have to be a permanent resident before you can access free healthcare, which might be a concern to some individuals.
Portugal is also one of the safest countries globally, making it perfect for relaxing and enjoying the finer things in life. There are so many beautiful locations in Portugal to live, which means there is undoubtedly something for everyone.
Malaysia is a Southeast Asian Country and is home to some of the most incredible beaches in the world. With your choice of bustling cities and quaint towns, you can live about your days talking to locals and enjoying delicious street food.
HealthCare is of high quality and affordable, with many doctors training overseas in the UK and Australia. With cheap prescriptions and extensive checkups, it may just have one of the world's best systems.
Located in Southern North America, Mexico is a popular choice for retirees as it is full of expats and is close to the US. While many people are worried about the current crime rates, there are some locations that are beautiful and safe; you just need to know where to look.
HealthCare is reasonable, but real estate is even better! Most individuals can live comfortably in a two-bedroom apartment for around $900, while still enjoying all that life has to offer.
While you still have a tough decision ahead of you, remember that you've got this! Whether you enjoy relaxing on a sunny beach or skiing on snowy mountain tops, there is so much diversity in the world I'm sure you will find it. Good luck, and most importantly, have fun! After all of your hard work you deserve it.