Choosing where to retire is an important decision. After a lifetime of hard work and saving, you deserve to have the security of knowing that you’re settling in a location that offers financial security, a high quality of life, and exciting activities.
Retirement is also a time of life that allows you to go on new adventures, unencumbered by the practical restrictions of your working years. If you’ve spent decades living and working in the United States, for example, your retirement years bring with them the opportunity to move abroad.
If you’ve ever dreamed of retiring to a new country, International Living recently released their 34th Annual Global Retirement Index. The report uses criteria, including cost of living, healthcare, visa and residency requirements, housing, climate, to determine which countries will offer the best quality of life for American retirees. International Living also interviews Americans who chose to move abroad, to get a sense of the day-to-day lives of retired expats.
“We rely on the informed judgment and real-world experience of in-country expats,” Jennifer Stevens, the executive editor of International Living, wrote in the preface to this year’s report.
“They live in the countries they’re an expert in. And they’ve been there long enough to get under the skin of their host nation and provide us with a real understanding of what it’s like to live there.”
Continue reading to learn more about the best places in the world to retire in, according to International Living.
Thailand is the 10th best country for American retirees. The southeast Asian country received high marks for its tropical climate, low cost of living, and high-quality healthcare.
Italy is the ninth best country for American retirees. The low cost of living, high quality healthcare, and rich cultural heritage contributed to the Mediterranean country’s high ranking.
Greece is the eighth best country for American retirees. The birthplace of democracy received high marks for its affordability, stunning environment, and its ample activities available to retirees.
Malaysia is the seventh best country for American retirees. The southeast Asian country’s affordability, rich history, and high quality healthcare all contributed to its high rankings.
Spain is the sixth best country for American retirees. The Mediterranean country received high marks for beautiful nature, lively culture, and low cost of living.
France is the fifth best country for American retirees. The country’s high quality healthcare, famed cultural activities, and beautiful nature all contributed to its high rankings.
Mexico is the fourth best country for American retirees. Our southern neighbor received high marks for its high quality healthcare, diverse lifestyles, and low cost of living.
Costa Rica is the third best country for American retirees. The Central American country received high marks for its low cost of living, high quality healthcare, and famous tropical environment.
Portugal is the second best country for American retirees. Excellent weather, affordable living, and a rich cultural heritage all contributed to Portugal’s high rankings.
Panama was voted the best country for American retirees, by International Living. The Central American country’s low cost of living, vibrant culture, and diverse natural environment all contributed to its high rankings. Panama’s Pensionado Program also makes it easy for retirees to gain visas – removing one of the major hurdles of moving abroad.
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