Best Countries To Consider For An Affordable Retirement
Suppose you’re hoping to retire early. In that case, you will need to start saving more and planning to ensure you can afford early retirement. However, you may also benefit from considering relocating to one of many affordable countries for retirement to ensure your twilight years are comfortable. Unfortunately, not all countries that offer a low cost of living are suitable as the crime rates may be too high, among other reasons, so this list contains affordable and safe retirement options for those who are willing to relocate to enjoy their golden years.
Costa Rica
Costa Rica is an excellent choice for an affordable retirement, and the region showcases some of the most enriching natural beauty as well, so your golden years will definitely be enjoyable. The low living cost here makes it an ideal choice for retirees on a budget. However, some areas are safer than others, so you should consider the safest places in Costa Rica when planning your retirement. You should also view details such as health insurance and travel insurance when budgeting for your Costa Rican retirement.
Malaysia
Malaysia ranks 35 on the Global Peace Index, so it is an excellent choice for a safe retirement. The average living cost is also relatively low, so you won’t have to overspend on your retirement budget for a comfortable stay. English is also the unofficial first language here, so you will be able to adjust quite easily to the initial move. Goerge Town in Malaysia is also ranked as one of the top ten places in the world to retire.
Spain
While Spain is slightly safer than Malaysia according to violence and crime rates, living costs are somewhat higher. However, the rich history of the region will surely keep you occupied when you finally retire. Some locations are more pricey than others, but you will be able to find safe and affordable locations with a bit of research.
Panama
Panama is considered one of the friendliest regions globally, and they accommodate pensioners quite well, so you can stretch your retirement budget well if you choose to relocate to Panama. Their pension plan will give you great flight discounts, public transport discounts, and even restaurant discounts, among others, ensuring your stay is as affordable as possible.
Peru
Peru is an excellent choice if enchanting scenery is what you’re after in retirement. However, Peru is slightly less safe than other affordable countries. Regardless, there are numerous safe areas in Peru to consider. Even though the country does not rank too well on the Global Peace Index, it is still considered quite a peaceful country. The low cost of living and pensioner discounts available will also ensure you can retire in financial comfort.
When choosing to relocate for retirement, you will need to weigh out various pros and cons that each region has to offer. Some countries may be more affordable, while the crime rates might be higher and vice versa. In addition, some countries make accommodations for expat retirees by offering pensioner plans that allow significant discounts on various expenses.
