Retiring on a Modest Income: 10 Countries to Consider

by | Jul 27, 2023 | Retirement Pension | 3 comments




#retirement #retirementplanning #retirementincome
10 Countries to Retire on a Small Pension, Social Security, or With Very Little Money.

Are you seriously thinking about retiring abroad but not sure where your perfect place may be? Retiring abroad is an exciting prospect that can involve some difficult decisions. For most, finding the right balance between quality of life, a country’s appeal, social security and cost of living is the best starting point for narrowing down options. If you’re thinking of retiring abroad, we are going to help you by providing you with a list of top 10 places where you can retire comfortably.

00:00 | Start
00:27 | Cuba
01:22 | Bulgaria
02:21 | Philippines
03:10 | Montenegro
04:01 | Paraguay
04:51 | Argentina
05:42 | Belize
06:41 | Greece
07:26 | Colombia
08:13 | Malaysia

Make sure to subscribe for more inspiring travel destinations
➡️ ⬅️

retirement planning,best places to retire,cost of living,inflation,climate change,economy,interest rates,gas prices,energy crisis,mortgage,cost of living crisis,current affairs,financial independence,debt free,financial independence retire early,retire early,estate planning…(read more)


LEARN MORE ABOUT: Retirement Pension Plans

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing


10 Countries to Retire on a Small Pension, Social Security, or With Very Little Money

Retirement is a phase of life that many people look forward to. It is a time when you can relax, explore new hobbies, and enjoy the fruits of your labor. However, for some, retirement may seem daunting due to financial constraints. The good news is that there are countries where you can live comfortably on a small pension, social security, or with very little money. Here, we explore 10 such countries that offer a high quality of life at an affordable cost.

See also  Overcoming Retirement Anxiety: A Financial Readiness Guide for Late Bloomers

1. Thailand:
Known for its friendly atmosphere and beautiful landscapes, Thailand is an enticing destination for retirees. The cost of living is significantly lower than in many Western countries, offering excellent healthcare facilities, affordable housing, and a vibrant culture. Places like Chiang Mai and Hua Hin are popular choices for retirees.

2. Portugal:
Portugal is increasingly becoming a favorite among retirees due to its mild climate, affordable lifestyle, and high-quality healthcare. Cities like Lisbon and Porto offer a blend of history, culture, and modern amenities. The country’s “non-habitual resident” tax program also provides favorable tax benefits to foreign retirees.

3. Mexico:
Mexico is a country rich in culture, natural beauty, and history. It offers a low cost of living, especially in smaller cities like Merida, San Miguel de Allende, and Puerto Vallarta. The warm climate, friendly locals, and inexpensive healthcare make it an attractive choice for retirees.

4. Vietnam:
Vietnam’s fascinating blend of ancient traditions and modern development is increasingly appealing to retirees. The cost of living is very low, with affordable healthcare and housing options available. Cities like Da Nang and Ho Chi Minh City offer a bustling lifestyle with a touch of tranquility.

5. Malaysia:
Retiring in Malaysia provides retirees with a high standard of living at an affordable price. Its diverse culture, stunning landscapes, and excellent healthcare facilities make it an attractive destination. Cities like Penang, Kuala Lumpur, and George Town offer a blend of urban conveniences and natural beauty.

6. Ecuador:
Ecuador is gaining popularity as a retirement haven due to its low cost of living, mild climate, and welcoming culture. Cities like Quito, Cuenca, and Salinas are known for their affordability and excellent healthcare options. The country’s retiree-friendly visa program offers additional benefits to expatriates.

See also  ANC: Military and Uniformed Personnel Pension Fund Could Run Out in Five to Six Years, Says Marcos

7. Costa Rica:
Costa Rica has long been a popular destination for retirees seeking an affordable and vibrant lifestyle. With its beautiful beaches, warm climate, and low living costs, it provides a tranquil environment for enjoying retirement. Cities like Atenas and Tamarindo attract many expatriates with their rich culture and modern amenities.

8. Cambodia:
Cambodia offers retirees a unique blend of history, culture, and affordability. The cost of living is exceptionally low, with affordable housing, food, and healthcare options available. Cities like Phnom Penh and Siem Reap provide a mix of cosmopolitan living and ancient wonders.

9. Colombia:
Colombia has transformed into a safe and affordable destination for retirees. This South American gem offers a low cost of living, amiable locals, and stunning landscapes. Cities like Medellin and Cartagena are known for their rich culture, pleasant climate, and well-established expatriate communities.

10. Greece:
Greece, with its rich history and beautiful landscapes, is an enticing destination for retirees. The cost of living is relatively low, especially in smaller towns and islands. The warm climate, delicious cuisine, and friendly locals make it an appealing choice for those looking for an affordable retirement destination.

Retirement should be a time to relax and explore new adventures, irrespective of your budget. These countries provide options for retirees to enjoy a fulfilling retirement without straining their finances. With a bit of research and careful planning, you can find the perfect destination to suit your lifestyle and budget, making your retirement dreams a reality.

Gold IRA Advantages for Baby Boomers Nearing Retirement
You May Also Like

For anyone with a pension, understanding your plan's various facets is imperative to successfully...

3 Comments

  1. Pauline Friend

    You must be kidding, you are allowed to buy only 12 eggs in one month in Cuba!! Rationing in everything. You can not find a a decent place to live, they are old, damaged, and no good water and no good Internet! Great doctors but no equipment and no medication! US government might take away your US citizenship!!

  2. Enlighten

    You will not receive your social security in Cuba

  3. Rutherford B Hayes

    Some of these places are not safe for retirees . If it’s cheap but not safe there is no sense in going there . But you did list some good places as well thanks .

U.S. National Debt

The current U.S. national debt:
$34,552,930,923,742

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size