Living in a place where the lifestyle and cost of living matches your financial situation.
Are you ready to spend your golden years in comfort, style and maybe even a bit of luxury? As a retiree, you’ll want to be able to live in a place where the lifestyle and cost of living matches your financial situation.
It goes without saying that before retiring in another country you need to do your research thoroughly. You need to know what it is like living there and how much it will cost. Do they have all your creature comforts and favourite products you want? Are there theatres, entertainment, sports, activities and more? Is the healthcare system good? Getting older means more healthcare needs. Is the healthcare system affordable, or would you need to take out private health insurance?
It’s important to understand how your pensions might be affected. Will your pensions be payable into a local bank account? Can you move your pension overseas? Also don't forget to look at the tax implications of living in another country other than your home country.
You’ll also need to consider the visa application and residency process for moving to this country. Make a thorough budget of your expected monthly living expenses to see if it is financially v