The Best International Places to Retire
- Mexico beckons many U.S. retirees with its low cost of living.Jupiterimages/Brand X Pictures/Getty Images
Most Americans want to make the most out their upcoming retirement age, so they plan for it in advance. Part of the planning process typically includes deciding where they would like to live out their golden years, and many Americans dream of living abroad. International retirement can offer a lower cost of living, cheaper health care and a moderate climate, as well as a sense of adventure and excitement. - For decades, Mexico was the number-one expatriate retirement destination for Americans, and it now stands at the number two choice, according to Top Retirements. This Latin American country offers a convenient location next to the United States, a low cost of living, inexpensive health-care options and many choices of scenic locations. For example, retirees who want to live their golden years by the water can choose from the calm, Caribbean locations of Playa del Carmen or the Gulf Coast Puebla of Merida. Those who enjoy the high surfs can settle down in the Pacific coastal towns of Manzanillo, Tepic or other locations in the southern state, Oaxaca. San Miguel de Allende is situated in the hilly, central part of Mexico, and it offers colonial buildings, cobblestone streets and an artistic atmosphere. The Lake Chapala area outside Guadalajara offers a perfect climate, mountain and lake views, as well as American-centric stores, including 7-11 and Walmart.
- As of 2009, Ecuador took the top international retirement spot ranking, according to "International Living." Ecuador offers retirees cheap housing, a low cost of living and a comprehensive health-care system. Retirees who live in this South American country can take advantage of several types of retiree discounts, such as half-price airfares, and price cuts on taxes, utilities and entertainment venues. They can choose from a wide variety of Ecuadorian destinations as well, such as the cosmopolitan cities of Cuenca and Quito, which offer international restaurants, museums and parks. Retirees who want a quiet atmosphere can choose from tiny fishing villages or small mountain communities, such as Cotacachi, which feature cool temperatures and scenic views.
- Situated between Mexico and Ecuador, Panama is consistently in the top-five list of retirement communities outside the United States This Central American country also offers cheap housing prices, a low cost of living and a warm, tropical environment. One of Panama's major appeals is that is has retiree residency program that offer retirees savings in many important areas, including dining out, airfares, entertainment and public transportation. If you're not interested in living near the ocean in Panama City, consider settling in the mountain town of Volcan. This small village offers scenic views, a peaceful atmosphere and one of the most affordable areas in the country.
