Retiring Abroad
As America's retirement crisis grows, more people are considering retiring abroad for a better quality of life. The article discusses the experiences of individuals who have moved to countries like Portugal, Italy, and Mexico in search of affordable living, better healthcare, and a more relaxed lifestyle.
Key Points
- Growing interest in retiring abroad due to the increasing retirement crisis in the US
- Financial considerations play a significant role in the decision to move
- Challenges like estate planning, currency, taxes, and investments need to be addressed
- Loneliness and isolation are common among retirees living abroad
Pros
- Affordable living costs
- Better healthcare options
- Relaxed lifestyle
- Exploring new cultures and languages
Cons
- Leaving behind family and friends
- Bureaucratic challenges in moving abroad
- Language barriers and cultural adaptation
- Uncertainty around political landscapes