Your Money
The once-fringe idea of retiring overseas has gone mainstream. Many Americans dream of retiring overseas, and more are packing their bags. Whether seeking adventure, self-reinvention, or a lower cost of living, international retirees face unique money and life challenges.
This article interviews retirees who relocated to France, Portugal, Spain, and Costa Rica. The strong dollar has made many countries that were once out of reach seem affordable. When they decided to move, these retirees had nest eggs ranging from $70,000 to $1.8 million.
Whether in the U.S. or another country, the golden rule of retirement happiness remains the same: have a purpose. Eventually, the charm wears off, so be engaged in the community, resurrect some hobbies, or reinvent a new career. And have an escape plan back to the U.S. if medical care is not up to par for major surgeries and long-term care.
Here’s What It Looks Like When Americans Retire Overseas
by Anne Tergesen and Veronica Dagher
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