Low costs of living, affordable health care, and residency programs not only make it feasible to put down roots overseas—for many people it’s a practical strategy to get the most out of their retirement dollars.
Retiring to a pied-à-terre on the coast of southern Europe might sound like an extravagant way to spend your golden years. But low costs of living, affordable health care, and residency programs not only make it feasible to put down roots overseas—for many people it’s a practical strategy to get the most out of their retirement dollars.
Every year, Peddicord—an American who splits her time between France and Panama—enlists dozens of expat contributors to nominate and vet spots around the world. They eventually cull the index to 21 global retirement destinations.Algarve, Portugal Tucked on Portugal’s southwestern coast, this city of about 440,000 people is known for its sandy beaches, world-class golf, and stunning culture. It’s also been a highly-ranked retirement destination for six years straight.
Città Sant’Angelo, Italy This historic hamlet in Italy’s Abruzzo region oozes charm—and has real estate prices sitting around 30% to 70% less than property in Tuscany or Umbria. Couples who opt to rent can live in the region for about $1,700 a month.
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