Some qualifications that can help determine the best country to retire to include real estate, special benefits, cost of living, ease of integration, entertainment and amenities, health care and retirement infrastructure. A 2014 International Living study based on these factors determined Panama as the top country for international retirees.Continue Reading
Real estate indicates the cost to either rent or purchase property and how valuable that real estate actually is. Special benefits are practices that can aid foreign residents, including property tax rates, duty-free import of foreign goods and discounts on health care. Cost of living includes the daily costs of residing in a country, such as utilities, goods and services, public transportation and groceries. Entertainment implies the range, quality and availability of activities available to expatriates, including movies, museums, outdoor activities and restaurants.
Integration refers to the ease with which retirees can adjust to a new country. This category includes factors such as the prominence of spoken English, the existing expatriate community, the friendliness of native residents and the availability of amenities. Health care refers to the quality of the country’s medical system. While many foreign countries have a low cost of living, they may have equivalently low-quality medical care. Finally, retirement infrastructure refers to the ease of transportation and communication, including roads, public transit, cellphone service and Internet access.Learn more about Financial Planning