To retire overseas is a dream that people have to one day leave their jobs behind and live a laidback and carefree lifestyle in a foreign country. Many of us are looking forward to our retirement when we can just jet off to some tropical country and start sipping pina coladas. Sounds exciting right?
However, retiring overseas takes something more than simply getting your last pay check and buying that one way ticket to a Caribbean island.
Before you even retire, you should have an idea on what to do and where you would like to live for the rest of your life.
Retiring overseas is a very attractive and popular idea. In fact, a large number retirees migrate to a foreign country each year.
You might be imagining yourself walking along the seashore already, but how do you really know which country is the right place for you?
If you want to retire overseas to a place that is warm and where you can enjoy the surf and the sun, then begin by searching for different tropical countries on the internet. There is a lot of different literature where you can compare the living accommodations for retirees. Of course the standard of living and the cost of living varies from one country to another.
Compare these standards of living and get the best deal that your projected retirement income can sustain. The taxes also differ with each country. You wouldn’t want to go to a place where your retirement income will not go far because half of it just goes to tax. The links on the left hand side of this page will help get you started in the right direction with information specific to each of these great retirement countries.
You also have to consider the culture of the country you are planning to spend your retirement years in. If you are from the US, retiring to a country in the Caribbean will expose you to an entirely different culture. The practices of people in foreign countries will be different in some ways and it might take some time to get used to. Before you even pick a country, study their culture first so that you do not end up spending lots of your retirement income in a place whose culture you are not comfortable with.
The biggest barrier that you might encounter when you retire overseas is their language. If you do not want to learn a new and entirely different language, then choose a country where English is their primary language. However, learning a new language is a lot of fun, and would be great if you can start practicing their native language slowly. This will give you the opportunity to relate better to the people of the country where you will be retiring and also really get to know the country on an entirely different level.
When you plan to retire overseas the more you can know about your target country, the better however it’s impossible to know everything, so don’t let your fears get the better of you and spend too much time researching. At some point you’re just going to have to make that big decision and take the plunge. Do your homework, grab your passport and open your mind to the new experiences, challenges and rewards that your new life will give you when you retire abroad.
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