Morocco is a fascinating country that blends together African and European cultures. Where should I retire? According to International Living's List, the top 5 countries in Asia to retire are Malaysia, Thailand, Cambodia, Vietnam & Sri Lanka. 1. If you are the kind of retired bachelor who enjoys the finer things in life, has lavish habits, and likes to eat out at fancy restaurants on a regular basis, then you can expect to pay considerably more than the modest retiree. With that being said, this by no means implies that you need to disregard Columbia as a prime retirement spot if you can afford a place that is more expensive. The cost of living in Malaysia varies enormously based on the type of lifestyle you lead, and where you choose to live. After all, singles have no life partner close at hand for companionship, conversation or commiserating. Costa Rica the Switzerland of Central America, 5. For decades, retired bachelors from the United States have been quietly sneaking off to this part of the world to live out the rest of their lives - and you really cannot blame them as this island nation is a slice of paradise that is just begging for your visit. Consequently, life here is tailored for expats and their needs. Well-connected and easy to travel to and from. Winters in Germany arewellwintery, which equates to fewer sunshine hours than every country on the list so far. The city is home to a large expat community, and its easy to find English-speaking friends. Corozal is a sleepy, laid-back place with limited amenities. This is an ideal place for expats seeking an affordable but comfortable lifestyle in a convenient community of established expats. The cost of property is on par with some western European countries such as Germany, for example, but the cost of living is higher. Although you do have to take precautions as you would anywhere in the world. If you decide to purchase a product that we recommend, we may receive a commission. Also according to Forbes Magazine, its on the top of thebest beachfront buys in []. Go to Gozo, you wont regret it. Only 10 miles away, Chetumal is where Corozal retirees go to shop for U.S.-brand products and access high-quality health care. Greece has long been a popular holiday destination, but its surging up the ranks as a retirement destination now, too. International healthcare for a couple starts at around $1000. This could end up being exceedingly costly if you end up finding a nice lady friend to take out on the town. This small nation boasts about 800 miles of coastline, all of it sandy and inviting. Brian O'Connell and Emily BrandonApril 20, 2023. Medelln is renowned for its lushness, which is something the city aims to maintain by requiring new developments to invest in greenery alongside their construction. Medical services are high-quality and lower-cost than those in the United States. If you are flexible with your lifestyle, then you can drop this figure down by even another $500. Low costs are a big part of the appeal. Panama. Luxury apartments and penthouses with sea views can start from half a million. Of course, premium locations with great sea views can be quite pricey, but if you venture off the coast, there are bargains to have. Easy to qualify for the retirement programme, as you only need to own or rent a property in Malta as your principal place of residence in the world. What is great about retiring in Columbia is that it has something for every type of bachelor. The country is so big, theres something for everyone. For an increasing number of 50+ year old singles, the answer is to move to Panama which was recently named as the #1 place to retire in the whole world by International Living. It already has quite a substantial retired population, and it offers a very high quality of life, including such factors as scenic beauty, weather, and proximity to world-class cultural, medical and airport facilities. Spain is warm and sunny, has plenty to do, and is home to some amazingly diverse landscapes. International healthcare for a couple starts at around $1,500 a month. The lifestyle in George Town qualifies as both first-world and exotic. If you are like many retired bachelors living abroad, you have still probably got plenty of family living stateside that you want to keep up appearances with. Yes, Malta can be somewhat expensive, noisy and dusty but if you love what it offers, the drawbacks arent that important, right? Jure Makovec/SOPA Images/LightRocket via Getty Images. Finding a nice bungalow on the beach for a few hundred bucks a month is not going to be a problem, as the Philippines has plenty to spare. We can be reached via email at contact@retirefearless.com. Uruguay. If you are on a budget, this is really a destination that you cant go wrong with as you can expect to pay as little as $1,500 per month for all of your basic expenses. Live green more than 98% of its energy is renewable. I was a little surprised Ecuador and Belize were not on your list since they seem to be on every other list the last few years. Almost everywhere is air-conditioned, but you better be ready for that summer heat. Express your gratitude and appreciation by picking out a retirement gift for a colleague. Before you raid your 401(k) or IRA, learn the realities and benefits of taking a retirement plan hardship loan. Unlike many other countries in Southeast Asia, the Philippines has not been as abused by tourism, which means that it is still somewhat of an untapped resource. There are plenty of quaint little towns and villages that are absolutely gorgeous. 2. This capital city of about 295,500 is becoming known as a retirement destination for both Europeans and Americans. Walking down Portuguese streets after a lovely dinner accompanied by a glass of wine is all you really need to do to have a satisfying evening. If you like to have some social life in your days as a retired bachelor, the locals are extremely friendly and they love to meet foreigners. Other data sources include Happy Planet Index, LivingCost.org, Global Property Guide, World Population Review. Pensioners with a foreign-sourced income are taxed at a flat rate of 7% for the first 9 years of residency if they move to Southern Italy. This is a refreshingly off-the-radar place where residents embrace a simple, by-the-sea lifestyle. There is amazing architecture all over these urban areas that have been there since the Spanish colonization. Living in Pedasi or other smaller town would cost a single person $1,391 to $2,209 per month. Without even considering the natural beauty of the Philippines, the first thing that each retired single man should take into account is that you can afford to retire here just about cheaper than anywhere in the world. All of these are on offer in Mexico. Published: March 27, 2021 at 10:35 a.m. Where Should I Retire? Deciding to go abroad for your retirement is the best move that a single man can make. Malaysia top Asian retirement destination, 20. Tip: looking for a peaceful retreat? Nestled among mountains and rolling hills and surrounded by bucolic fields and pine-spiked clifftops, Popoli is a corner of the Old World where youll feel removed from the concerns of the modern age. This concrete jungle is as big as it gets and there is plenty to see and explore. Something went wrong while submitting the form. As a retirement destination, Malta has plenty to offer. 1,006 likes, 111 comments - Rachel Richards | Retire Early (@moneyhoneyrachel) on Instagram: "I have been creating content for 5 years and I am literally still so awkward, IGNORE ME I h . Many are drawn in by its retirement visa programme, known as Malaysia My Second Home (MM2H). The world is full of affordable beachy places with great weather that are not only affordable but cheaper than you could even imagine. This is perhaps in part due to its comparatively low cost of living and the fascinating lifestyle the country offers. Costa Rica - the Switzerland of Central America. During the winter months, some islands can feel almost deserted and too quiet for most. However, you will have to take into account the monetary requirement attached to the Non-Lucrative Visa. Mexico has more North American expats than any other foreign country in the world. And lets not forget the wine. For that reason, many retired single men forget to consider it as an excellent destination to live in once they finish working. entities, such as banks, credit card issuers or travel companies. However, Columbia also has some amazing cities. Italy makes it convenient for single retirees with money to enjoy life's pleasures. Take your time when looking for a wife. You can rent a 2-bed apartment in the centre of Kyrenia for as little as $410 a month. 1. Simplified residency process everything is. A great variety of places to retire leave one much to think about. Costa Rica is a safe and stable country with a low crime rate, especially in the rural areas. All rights reserved. When you combine this with decent longevity and plenty of cultural appeal, you can begin to see why Portugal ranks so high. On the other hand, just like in most parts of the world, Portugal can be as pricey as you want it to be. Chile also is famous for its beautiful starry skies with little light pollution and a clear view of the spectacular southern sky. The Dominican Republic has swaying palm trees, warm, turquoise water and year-round sunshine in abundance. This places the country considerably higher on the peace scale when compared to other countries in Southeast Asia. Austria remains the cheapest European country to live in according to Best Places to Retire, making it an obvious choice for many retirees looking to get the most bang for their buck. Are you on track to have enough money for retirement? Chilean wines are well made and reasonably priced, just like the country itself! You can find cannabis pretty much anywhere in the state, but Portland . Aside from its affordability, Portugal is also a beautiful country that is very rich in culture and history. Its not for everyone, though, as its a pretty small island. Doing so means you can enjoy all the benefits of South Cyprus while residing in the country with a much lower cost of living. France. Read more about retirement in Spain, Spanish healthcare, visa options, taxes and more in our Living In Spain guide. You should always check on updated visa requirements for the nations that you consider, as they can be subject to change. You will find more information on retirement in France, property matters, the pros and cons, visa details and more in our Living In France guide. Portugal - Best Overall. One of the greatest benefits of retiring overseas is the opportunity to enrich your lifestyle while dramatically reducing your cost of living. The entire country is lush and beautiful - with tropical rainforests, rich biodiversity, and a culture that greatly values conservation. Costa Rica . ET A . You would be absolutely shocked by how, not only affordable but dirt cheap some places are to retire in. The retirement visa income requirement is just $1000 per month, however, should be lifelong, and, when granted, comes with a wide range of benefits. Although countries like Turkey and Argentina have lower everyday costs, property in Paraguay is about a sixth of that in the latter. Oops! You can sip coconuts on the beach during the day, watch sunsets with cocktails in the evening, and repeat that process day in and day out, as that is what this island nation is all about. 11. For so many of us bachelors, retirement is a dream that just cannot come soon enough. You're signed up for our free newsletter! In Panama, a 2-bed apartment in Bocas del Toro can set you back around $313,000. And for a single person, $2,000 a month would go far. The weather is great, its very safe, and life expectancy matches countries like Portugal, Greece, and France. The top six countries to retire abroad for 2021 . It would make a great base of operations for retirees wanting to explore more of South America. Despite it not being massively popular with would-be retirees searching for a possible retirement destination, it has a growing diverse expat community from all over the world. Travel east towards Lagos, and you will find a 2-bed apartment for sale in Portimo, in a quiet area thats only 5 minutes from the beach, for $192,000. Iceland may be the most unconventional country on this list, but it is a country that does not get enough credit regarding LGBT rights and overall living experience. 27. An international healthcare policy for a couple starts from around $817 a month, making it cheaper than in some European countries. Malaysia is the only Asian country in our top 20 and has plenty to offer as an interesting retirement destination. MM2H programme is specifically designed to attract foreign investors over retirement age. In addition, Portugal has some great beaches. Retirement can be affordable and exciting in these European destinations. Peninsular Malaysia and East Malaysia have surprising cultural and economic differences, giving you distinct regions in which to settle down. If work-life balance is top priority, Italy is a superb choice. One of our favorite destinations in Europe, France is one of the most LGBTQ+ friendly countries in Europe if not the world. Read more about retiring to Mexico. In addition, with Mexico being so close, you can also keep yourself close enough for your family and friends to come to visit you during your retirement. Mild weather, gorgeous scenery, and welcoming citizens are a few . If you are the kind of person that likes to be submerged in nature, Costa Rica is going to satisfy your outdoor cravings. Nearly 12 years later, he says his life in a . Italy - the art of slow living. This works out very well in your favor as a retired single man, as you can enjoy the luxury of living in an island paradise at a fraction of what it costs to live in a place like Hawaii. Here are the best places to retire in the world on a budget. Medelln offers one of the worlds highest qualities of life at one of the lowest costs. Its average monthly health care premium is $411 dollars. The climate, technology, first rate health care program, tax exemptions and value for money are just some of it. Mauritius the ultimate tropical paradise, 17. Belize. You can get more information about expat life in Chile including the cost of living, where to live, the pros and cons, visa and residency options and much more in our Living In Chile guide. Turkey one of the best value-for-money destinations, 10. If you are a single man and looking forward to your retirement, there is really no better way to do it than by leaving the country and living abroad. One area where you can decrease your cost of living without having to compromise on quality of life is Pattaya, found on Thailands eastern seaboard. And at the end of the day, who doesnt love Mexican food? Retirement visa income requirements are considerably lower than in Spain and Italy, and, better still, you dont have to pay income tax! 15% flat tax under the retirement programme on income remitted in Malta. 4. The choice of locations is so big, it can be a problem just to decide where in Mexico you want to live. A beach at the Four Seasons Hotel Hualalai along the Kona Kohala Coast on Hawaii's . If you are an expat retiree, tell us about your country of choice by participating in the Expatra Global Retirement Survey. And about half of the people who come on the tour then later relocate to Panama are singles. A 2-bed apartment on the beachfront, in the heart of guilas, Murcia, with sea views 110,000 ($125,000). One drawback not the most economical place to retire. 2023 Retire Fearless. The first thing I hear from bachelors who are on the fence about taking that leap of faith abroad is that living outside of the United States is too expensive. Ljubljana, Slovenia. But if you want a visa, you must first live in the country for 50 consecutive weeks on a tourist visa, renewed every 30 days. The people are very nice and very welcoming to visitors and retirees, so you wont have any trouble meeting friends or even finding a little romance. Image Source: iStock/Carmen Romero. A couple can live comfortably in this city, around 20 miles north of Lisbon, for just $2,034 a month, according to International Living . It offers the same 7% flat tax rate for the first 10 years of residency as Italy does, and property is considerably cheaper than in comparative European countries. This article looks at what the top ten countries for Americans to retire in 2023 are, as well as examining the ways US expats can take a leap forward and embrace a peaceful and equally exciting life abroad. Wherever you go in the country, you will find stunning architecture that will blow you away. Italys place at number 4 primarily comes from its cultural appeal something its known for around the world. The key thing that you want to consider is where exactly it is that you want to live out the rest of your days abroad. In most metrics, Chile is on par with its Central American neighbours. But what makes Chitr a top budget retirement option is the level of convenience it offers expats. Non-lucrative visa income requirements minimum 26,000 ($29,500) per year. If you are able to handle living on a budget of roughly $2,000 to $2,600 per month, then you will have no problem living a very comfortable life in Costa Rica. The quality of Mexican food and culture pretty much speaks for itself. A flat income tax of 15% makes it pretty straightforward for expats to manage their tax affairs. Sanlcar is known for its lively festivals and events, like its annual horse race on the beach, and sherry wine production. Sanlcar forms part of the Sherry Triangle, an area with the ideal conditions needed to produce sherry. Getting bored is certainly not going to be a problem when living in the Philippines. The average is $399.14, while Las Vegas and Reno, Nevada, lead the way at $421.31. This South American nation is absolutely stunning. The cosmopolitan city center has diverse dining, shopping and entertainment options as well as a lively annual festival and fiesta calendar. Ireland. All this translates into a decent life expectancy (just ahead of Portugal) and flexibility in where (and how) you live while enjoying a Greek lifestyle. If you are a single man and looking forward to your retirement, there is really no better way to do it than by leaving the country and living abroad. Medelln is renowned for its lushness, which is something the city aims to maintain by requiring new developments to invest in . Any money you bring into the country is tax-exempt, and after one year, you can withdraw up to $11,500 from your deposit for buying a house or car. However, if youre up for a more interesting project, spending $43,000 could get you a riverside plot of land in Los Lagos perfect for building your own home! Life in North Cyprus is very affordable. Its no wonder its such a popular choice for retirees looking for somewhere to spend their golden years. Cyprus is a popular European holiday destination, but how does it hold up for permanent retirement? These Canadian retirement spots have scenic beauty and a four-season climate. The good news is that there are so many islands in the Philippines that if you find that you want a change of scenery, moving over to another area is always an option. Everything you need is within easy reach, shopping and hospitality scenes are top-notch, with endless activities and entertainment options. 2022 average monthly cost of living: $1,974. This is far from a complete list, but here are some excellent places to consider if you are single and looking to live or retire overseas. This site also participates in other affiliate programs such as CJ, ClickBank and more, and is compensated for referring traffic and business to these companies. The streets are filled with energy and if you are the kind of bachelor that likes his nightlife, you will not have any issue finding a fiesta to attend. Be prepared to pay around $179,000 for a decent 2-bed apartment somewhere like Quintana Roo or a bit more to get a nice villa in a more rural area. Honorable mention of countries that did not make the list of the top fifteen best places where white guys are very popular with the women goes to Belarus, Estonia, Finland, Kazakhstan, Kyrgyzstan, Laos, Latvia, Lithuania, Moldova, Poland, and Slovakia. Watersports, top-class spas, great golf courses, fine cuisine, nature walks, horse riding and plenty of other activities are readily available. Known as the garden of Vietnam, flowers including roses, marigolds, hydrangeas and golden everlastings are grown here. Its been a well-known secret for some time now, but the popularity of Portugal as a retirement destination is growing faster than ever. (N ote: Costa Rica requires at least $1,000 in monthly income from sources such as Social Security or pensions in order to qualify for residency ). An international healthcare plan for a couple starts from $918 per month. While this may often be the case in some neighboring countries, you will be pleasantly surprised to hear that Costa Rica is incredibly safe. Think about the advantages and disadvantages for retirees before moving. Paraguay the most affordable in Latin America, 18. I often hear retired single men expressing their worries about how Columbia is a dangerous place. Having a very comfortable life on a reasonable budget is all too easy. Paraguays main draw from a retirement perspective is its cost of living. The best places abroad to retire for a single man are currently Costa Rica, Portugal, the Philippines, Columbia, and Mexico. The best places for singles to retire overseas can offer low cost of living, fun activities and interesting people to spend time with. With a name that means equator in Spanish, Ecuador has surprisingly balmy, moderate weather. Portugal offers the best balance between quality of life and how much it costs. If you have a company pension and take it out as a lump sum, you can qualify for a 7.5% flat tax with an uncapped 10% allowance, making France a low-tax country for retirees. The coastline isnt considerable; there are better choices if this is a top priority. The lowest average on our list is Shreveport, Louisiana, at $374.77. Although its the most expensive South or Central American country, its noticeably cheaper than the European countries that surround it on our list. You can find more details on this in our Living In Malta guide. You can live in Spain with an income between 20,000 and 25,000 a year and enjoy a more than decent life. The best countries are the ones that give you the best compromise possible between living costs and all the rest thats important for a happy retirement. This is by no means a new destination for retired bachelors living abroad but it has continued to be a gem for years without losing its magic. While the southeastern coast can be very touristy, the north coast is less trafficked. Good choice for wine lovers Chile is a hotspot for new-world wines. Understandably, most of the benefits of Cyprus also apply to North Cyprus. Germans have an international reputation for being efficient and well-managed. Cost Of Retiring in Spain. Feb. 14, 2023, at 1:45 p.m. Hawaii Hawaii is first on the list because, while it is not exactly the cheapest place to live, it offers other advantages for retired, single females. The content Panama isnt a big name on the international scene, but it is among expats looking for a retirement destination that stands out. If you decide to live in one of the countrys tourist hot spots, you should expect to pay a bit more for your cost of living. The only thing Costa Rica really falls down on is its national infrastructure. However, you can really cut corners on these costs by living in areas in Mexico that have not been visited nearly as much. Mauritius is something of a wildcard in the top 15 of our list. Aix-en-Provence, France - Romantic little city of fountains and medieval streets. Its a stable country both economically and politically. There are some world-class surf spots and some amazing places to chill out for the rest of your life. Being able to drive is a must, as the country has a mountain or two. You can enjoy Mexicos amazing climate and have the sunshine and warmth that you love in Americas summer be a standard for the majority of the year. If this, combined with 4 distinct, well-defined seasons sounds appealing, Germany might be the country for you. And no wonder. International healthcare for a couple starts from around $895 a month. Health care is first-rate and affordable. Obviously, youll need some capital for renovation, but it can be a fun Escape to the Chateau-style retirement project. Have no doubt, when it comes to lifestyle, Spain has a lot to offer. Both its visa benefits and location in Central America have led to a cosmopolitan and diverse community thats very easy to integrate into. If you are the kind of person that likes to spend a lot of time in the outdoors and be immersed in nature, Columbia has got you covered. Malta is sunny, rich in history and heritage, laid-back and safe. Living comfortably in Belize will require nothing more than $800 to $900 a month. While these are great destinations for a retired bachelor, there are loads of other places to live in that are less crowded and far cheaper. Rounding out the top 10 is Malta, a tiny island between Italy and Africa. The Palace of Mafra, in Mafra Portugal. To learn more about living in North Cyprus in retirement, how much it costs and the paperwork involved, visit our Retiring To North Cyprus guide. 12 - Italy. If you have got your finances in order, trust me - it will be smooth sailing as soon as you hop on the flight. If you find that you want a break from the beach and need to get some fresh mountain air or some city life in your routine, no problem. Most Filipinos live on a very tight budget as it is, as this is still a developing nation that does not have a strong economy. Temperatures drop to a cool 12 degrees C in the winter and rise to the mid-40s in summer. While this is part of the appeal for many residents, you can also access more services in nearby Chetumal, Mexico. You could be looking at a mere $170,000 for a 2-bed apartment on the Adriatic Coast or a cool $1.5 million for a 2-bed apartment on Lake Como! 10. By InternationalLiving.com. Of course, nothing beats travelling to these countries and experiencing them first-hand. There you can discover the Afro-Caribbean culture, food, and music. Besides, Panama has probably the best infrastructure in the entire region. No, Dubai is not a country, but being such a prominent expat hotspot and with its Dubai Retirement Programme being well underway, it takes a deserved place in our ranking of the best retirement destinations. The practical and verified information weve included should hopefully help you narrow down some choices for your perfect retirement destination abroad. Air conditioning isnt needed in Da Lat, so electricity bills are low, and utilities are usually included in the cost of a rental. Pete Bowen landed in Thailand in 2009 with a suitcase and a guitar, looking for a spot to retire. You can escape for a weekend to swim in the warm, clear sea, play a round of golf, trek the slopes of Penang Hill or laze in a hammock amid the lush greenery. For example, you can find a 2-bed apartment located between Bugibba and St Pauls Bay, close to all amenities, with no sea views but not far from the coast, for around 155,000 ($176,000). John Powell, once a purchasing agent in New York, moved to Hanoi in 2014. Costa Rica, Panama, Mexico, Colombia, and Portugal are 2021's top five countries for retirees. The jungle practically covers the entire country and you can explore so much of the nations rich and diverse landscapes. Overall, Italy has everything you think it could offer for a perfect retirement, and more. Read more about expat life in Dubai in our Living In Dubai guide. Learn about job opportunities that might be a good fit for older workers. Yet another warm-weather option particularly popular among expats, Central America's Belize puts no age limit on resident visas. iStock/Lux Blue. The temperature hovers around a pleasant 80 to 90 degrees all year long - so you can say bye-bye to your winter clothes for the rest of your life. The one thing that you may want to be a bit wary of when considering Portugal as a place to retire in as a bachelor is that you may find the language barrier to be a bit challenging at times. One of the lowest prices for an international health cover from $786 a month for a couple. You should always check on updated visa requirements for the nations that you consider, as they can be subject to change. Good proximity to Vietnam, Thailand, the Philippines, and more. Corozal Town is located on Corozal Bay, a deeply indented part of the Caribbean with calm, safe waters that are perfect for sailing and other water sports. As for finding a single expat woman to settle down with, well, you've got a better chance here than in many other Latin countries, but remember that not many women move this far south without their husbands in tow. International healthcare starts from around $1,500 a month and gets you services often on par with the USA. Read more about retirement in Portugal, healthcare, visa options, the NHR a special tax regime for foreign retirees, and more in our Living In Portugal guide. Getting your taco cravings satisfied is not going to be an issue and you can enjoy this amazing cuisine on a regular basis at a fraction of the cost of what you would pay in the United States. Theres no road along the waterfront, which makes Naklua-Wongamat one of the cleanest beaches in Pattaya. Muse to many artists such as Picasso, Van Gogh, and Matisse. These include things like duty exemption on imported cars and household goods and, more unusually, a 50% discount on cinema tickets and a 25% discount at restaurants.
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