Retiring abroad is a great way to stretch the value of a fixed income. From Latin America to Europe, there are retirement destinations around the world that work for almost anyone. In this article, we’ll look at three retirement havens for expats where the U.S. dollar goes a long way and pensioners receive great government benefits.
Costa Rica: Tropical and Secluded
Costa Rica is the longest-running democracy in Latin America and hasn’t endured a civil war since 1948. In fact, the country doesn’t even have a standing army and embraces the peaceful motto “pura vida,” meaning “pure life.” Retirees looking for a relaxing tropical destination to spend their golden years would have a hard time doing better than this paradise.
Cost of Living
The cost of living in San Jose, Costa Rica is about 50% cheaper than New York City, with the most savings being seen in food, housing, transportation and entertainment. Those costs can go down significantly further if you venture outside of the capital city of Costa Rica and into some of the smaller beach communities, like those in Guanacaste.