There are some decent websites out there that cover various places to live - low cost Central and South American countries, European destinations, as well as exotic locations like Thailand. The primary draws are a lower cost of living, better weather, and a more exciting different lifestyle. These are the pluses but of course there are some minuses or risks to consider.
|Lower cost of living||How will you handle currency fluctuations between your pension and savings currency and local currency?|
|Better Weather||Any nasty weather like hurricanes? Is crime an issue?|
|Exotic||How much exotic can you and your spouse tolerate? Can you handle any language issues?|
|May attract friends and family to visit||May attract friends and family to visit|
|May be a good base for travel during retirement||Is the health care system good and affordable?|
|Family and friends are a long way away|
|What happens in 20 years when you are less mobile or handicapped?|
|Can you get resident status? Is the government stable? Are there restrictions on property ownership?|
So there is a lot to consider, but for some people, it is a viable option. Think about it and as always, consult friends and financial advisors before making the final decision.
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