A growing number of international citizens are contemplating the concept of taking early retirement, escaping the hectic monotony of the daily grind and retiring abroad in a low cost location to make the most of their retirement savings.
If you’d like to live overseas to escape the high costs of living associated with countries such as American and Britain for example, this is a guide to planning your retirement abroad so that you don’t run out of money, you don’t run out of friends and you never lose your adventurous spirit.
When contemplating retirement the majority of us seem pre-programmed to only consider the far reaching financial implications of never bringing in an income again! But the fact of the matter is that there are many more things to consider if planning on retiring abroad, not to mention the fact that many retirees overseas pick up odd jobs and part time positions advising and assisting other expatriates with their lives and businesses anyway!
However, as the financial implications of retirement are uppermost in our minds let’s tackle that subject first: –
By retiring overseas in a low cost country...