For retirees looking to stretch their savings, moving abroad might be the answer. Retiring to another country often offers a lower cost of living in addition to the opportunity to start a new adventure in your golden years.
However, there are other considerations you need to weigh before making a move such as accessibility to quality healthcare and whether you need a visa. Taking factors like that into consideration, Investopedia came up with a list of the five best places to retire abroad. They are Portugal, Spain, Panama, Italy and Costa Rica.
Council of Seniors Wants You to Have More Retirement Money
It’s not surprising that cost-of-living weighs heavily when deciding where to live during retirement. Inadequate Social Security cost-of-living adjustments (COLAs) has many older Americans considering moving abroad, away from loved ones.
All of us here at the Council of Seniors are working hard to get Congress to passThe SAVE Benefits Act. This crucial bill will put $581 back in seniors’ pockets to make up for the COLA that was far too low for years. Greedy Washington politicians want to use seniors’ hard-earned money in other ways, but we’re dedicated to giving it back to those who are rightfully entitled to it.
Please take a moment and sign our petition today to show your support.