Reported 8 months ago
The number of Americans retiring abroad has significantly increased from 2019 to 2022, with more countries offering retirement visas. Reasons for this trend include lower costs of living and improved quality of life in other countries. For example, a couple planning to move to Portugal found that healthcare costs in the U.S. were a major impediment, while retirees in Portugal and Costa Rica are able to cover expenses comfortably with their retirement savings and Social Security benefits. Retiring abroad allows for a more affordable lifestyle and reduces financial stress, making it an attractive option for those looking for a comfortable retirement.
Source: YAHOO