When people reach retirement age, they often take the opportunity to reevaluate their living scenario. Many people choose to move to a different home after retirement. However, to find the most success in retirement, it could be helpful to move overseas.
If you’ve spent your entire adult life living somewhere where you were uncomfortable with the weather for most of the year, moving overseas can help you find better weather. There are many countries with all kinds of climates that can provide the perfect weather for any taste. If you like the warmth, you can move to a tropical location, and enjoy beach days and endless pina coladas. If, on the other hand, you prefer cooler temperatures, you can move to places like Iceland, which has stunning views available all year long at a cooler temperature. Whichever country you choose to move to, you can be sure that you’ll experience more of your favorite kind of weather.
Lower Cost of Living
Besides the weather, living overseas in retirement can also be beneficial because of the lower cost of living. Your dollars usually go further when purchasing real estate in other countries. This means you may be able to get a beautiful home for much less money in another country. The money you save on your cost of living can then go toward completing fun activities. For example, it’s never too late to learn new skills. If you choose to move to Italy, you can take a pasta-making class and learn a new skill. If you move to a tropical location, you can be adventurous with ziplining or another intense activity, or take it easy with massages and days on the beach.
See The World
If you choose to live overseas when you retire, you also have the chance to see the world. If you worked a 9-5 office job for the entirety of your adult life, you likely haven’t had the chance to take much time off to travel. There is an entire world of people and places to see, and now can be your opportunity to see it all. If you live in a European country, for example, you have a much greater opportunity to travel to other European countries. It’s much easier to take the train to another country than fly across the ocean.
There are many options to consider when planning your retirement. These years are a time to reconnect with what you enjoy outside of your work. Moving overseas can be a great way to help you do just that.
Check out this article on moves to make before rates rise further!