In a recent article by Yahoo Finance, four international destinations are highlighted as being more affordable for retirees compared to the United States. Many Americans dream of retiring overseas, driven not just by a sense of adventure but also by the desire to stretch their retirement savings. This article delves into these appealing destinations, showcasing how they offer a lower cost of living, vibrant communities, and high-quality amenities.
One of the standout destinations is Panama, which has become increasingly popular among American retirees. Panama offers a unique combination of affordability and the convenience of using the U.S. dollar, making it an attractive option for those looking to make the most of their retirement years. The article provides insights into why Panama, along with other destinations like Peru, Costa Rica, and Eastern European countries, are great choices for retirees seeking both adventure and financial savings.
4 Places To Retire Abroad Cheaper Than the US
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“According to Ratepunk CEO Justin Albertynas, Panama has become an increasingly popular retirement destination, especially in areas like Boquete and Coronado, attracting a significant number of American retirees.
‘The country offers high-quality amenities and the use of the U.S. dollar as the official currency, eliminating the need for complicated currency conversions,’ Albertynas said.
Affordability is another major attraction, as housing and living costs are notably less expensive compared to the U.S. Panama is 35% cheaper than the States overall, and rent is 55% lower, according to Numbeo. The country further sweetens the deal with its Pensionado program, ranging from medical expenditures to leisure activities.”
Read full article: https://finance.yahoo.com/news/4-places-retire-just-us-170042837.html?guccounter=1
