Top 5 Retirement Locations in the World

Choosing retirement locations is the beginning to freedom, relaxation and fun. When you retire you have the opportunity to get out of your old and monotonous lifestyle and see what you have missed out on in life. The world is your oyster.

Yet, deciding on a location to spend the remaining years of your life is not exactly the easiest decision to make. Most retireea€™s funds are limited which means if they do not spend it wisely, they could run out of money to support the remaining part of their retirement years.

The following are the top 5 retirement locations in the world:

retirement locations

Retire in Cyprus

Cyprus is one of the popular tourist attractions in the world offering wonderful places to visit accompanied by great weather. It has a great history and culture that stems out from one of oldest civilizations in history. Apart from the sights to look forward to in Cyprus, people can maximize their retirement money here. Cyprus offers the lowest tax rate on pensions among most retirement locations which is only 5% per year.This tax rate can be granted after only 183 days of consecutive stay on the island. Language barrier is not a problem either when retiring to this country and acquiring property for long-term stay, during your retirement years, is not very expensive.

Retire in Panama

Never feel the burden of shoveling snow or scraping ice from your car windshield again.Panama is one destination where you can enjoy most of your days relaxing under the heat of the sun and no longer have to endure the gruelling cold of the winter season. Language barrier is hardly a problem since most people here can converse in English. What is great about retiring in Panama is that it offers a lot of discounts for retirees with pension under its a€?Pensionado scheme.a€?

retirement-locationsRetire in France

France is one of the most beautiful countries in the world and it offers a lot of wonderful sights to see. If you want to enjoy the finer things in life of skiing the Alps or sunny days on the beaches of Aquitaine then France is certainly the place to be. Of course, compared to other retirement locations, France is a little more expensive than destinations such as Panama or Cyprus. If you have European health insurance card you can even enjoy a free access to healthcare services.

Retire in Belize

Belize is another destination in the tropics. English is the primary dialect of the people here. Retirement income tax here is very low at only 1.75% per year and pensions are not taxed at all. Those who are planning to retire early will certainly get a lot out of their retirement income here since the cost of living and property acquisition are lower compared to other retirement locations in the Caribbean. Healthcare here is also inexpensive.

Retire in Spain

Spain is one of the most popular location in Europe and has a number of English communities where retirees can easily assimilate.Spain offers a vast array of beautiful country side as well as top ranked museums and galleries.Moving to Spain during your retirement years is quite easy since there is no need to apply for VISA if you come from a country belonging to the EU.

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