Retire Overseas – Select the Best Place to Retire Abroad
Trying to decide where to retire? Remember it's difficult to retire overseas. I recommend vacationing there for at least six months before you make the move so you get a chance to make sure you will be happy there and get a feel for living there. If it works out then you can move with confidence that you will be happy.
Want to retire overseas but aren't sure where to start looking? Here are three of the best places for retirees - boomers, those folks who want to retire early or retire young, and those who simply want to live abroad - that will help you experience expatriate living at its finest. You'll benefit from their retiree discounts, services, superior weather, low cost of living, great housing, and security.
Panama City has got to be the retirement haven that has everything you could want when you (boomers, those folks who want to retire early or retire young, and those who simply want to live abroad) decide to settle down. It is less expensive than many places in the United States. It has that feel of Miami with the skyscrapers and beaches as well as toasty warm winters. The City has wonderful roads and shops. Panama City is famous for its malls and shopping centers and with real estate prices that are very reasonable, it is the "in" place to retire - as long as you make a lateral move with a nominal pension. If you are a retiree and you can prove (social security award letter or a private pension) that you have $500 monthly income for a single and at least $600 for a couple, you will enjoy a list of perks just made for retirees.
Some additional perks can apply to you. You can import a new car without paying an import duty every two years. Many excellent discounts can be found for movie tickets, concerts, sporting events, restaurants, hotels, and transportation. If you want to buy land here, your closing costs will be 25 percent lower and your interest rate on the mortgage will be one percentage point lower.
Panama is known for extremely hot weather, and this may be a good time to plan to visit your children in the states to avoid the summer months. Although many residents speak English, language may be another obstacle for you unless you speak the native Spanish language of your new adopted country. I strongly encourage all expatriates to learn to speak Spanish even though it may not be entirely mandatory. This will be a strong deterrent in avoiding culture shock in your new environment. When you learn the language and culture of your new home, you will feel more like a local and less like a tourist. You will be better able to integrate with the inhabitants and make your expatriate life more pleasurable.
If you're looking for a gorgeous place to retire, New Zealand is unparalleled. Housing prices can be as low as around $190,000, and there's no capital gains tax. In New Zealand's capital of Auckland, you can experience the amenities and artistic atmosphere of urban life without spend huge amounts of money. But you have to apply for full residency, which isn't always granted to older retirees because there's a bias toward younger immigrants. Perhaps you'd be satisfied to live there for half the year and find another home base back in the United States or another country for the other half of the year. Some people think this is wonderful because it's warm in America when it's cold in New Zealand, so you could have warm weather all year long. Early retirees might not have to worry about this.
Many Americans feel that Mexico is a wonderful retirement haven due to its accessibility and close proximity to the U.S. In some sections of Mexico, you will receive more for your money. A retiree can live on a minimal budget and still receive a wallop for dollar; that is, a buck can go a long way. Moreover, Mexico is rich in both history and culture. The Spanish colonization of Mexico lasted for over 300 years. Consequently, the Spanish culture is deeply rooted here. In addition to being a retirement haven, Mexico is also a place which features great varieties of food that reflects its rich cultural background. Mexican cuisine is well known for its robust and diverse flavors, vibrant embellishments, and assortment of spices and herbs. Mexicans are exceptional cooks who integrate savoir faire and zest to any dish. Mexico has experienced a burst of violence recently, but I think it twill settle down, and once a gain become an ideal expat destination.
For more information contact Senior Solutions at (954) 456-8984 or toll free at 1-800-213-3524
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