With spiraling costs compelling more and more North Americans to retire overseas, retiring abroad has never been more attractive. But finding the right location among the myriad options available can be daunting.
That’s what the annual International Living "Global Retirement Index" does. Using input from their team of correspondents on the ground all over the world, they combine real-world insights about climate, health care, cost of living, and much more to draw up a comprehensive list of the best bang-for-your buck retirement destinations on the planet.
Are you an urbanite or do you prefer the wide-open spaces? Would you prefer a tropical climate with year-round sun or more temperate weather that reminds you of home? Would you rather live by the sea or on a mountainside? Only you can make these calls. No list or formula can automatically deliver the best destination for you. But, the Retirement Index can give you an indication of the relative strengths and weaknesses of each locale, and a flavor of the life that could await you in the countries that made the list.
There are twenty-five countries listed on the index, with Latin American destinations holding the top 3 spots. Ecuador was given the title of "The World’s Number 1 Retirement Haven," followed by Panama, with Mexico coming in at number three.
"One of the world’s best expat havens lies just south of the Rio Grande, proving that you don’t have to traverse the globe to find your own piece of paradise. Due to its proximity to the US, the comforts of home are never far away in Mexico. English is widely spoken in expat havens (though Spanish will help tremendously) and US food, products, and sports are also popular.
'In Mexico I can get almost anything I could get back home, between the US chain stores and the local shops and markets plus I can get all the wonderful local specialties,' says Illinois Editor Glynna Prentice. 'The big difference is the prices. Tickets to a top-notch concert may cost me $8 or even less…and I can walk to the concert hall through a beautiful colonial city. I can buy a week’s worth of groceries for $15 or $20, and I don’t know anyone who pays more than a few hundred dollars a year in property taxes.'
Established expat havens in communities such as Puerto Vallarta and San Miguel de Allende ease the integration process, while excellent property can still be found for far less than you’d pay in the States. In communities where expats flock, health care is as good as what you’d expect at home, but delivered at a much lower cost, leaving you with plenty of money in your wallet to enjoy the innumerable activities and cultural treasures this large and diverse country has to offer.
From the pristine beaches of Puerto Vallarta and the scenic streets of San Miguel de Allende to the Mayan ruins of the Yucatán, Mexico has it all.
Mexico can cater to a wide range of tastes—whether you’re in search of a quiet getaway or on the hunt for adventure. The country’s large size also affords it a diverse range of climates to accommodate every tolerance of heat, humidity, and rainfall. Good Internet and infrastructure can be found throughout most of the country, and Mexico’s famed cuisine is another much-loved plus. Regular flights to and from the US are also a distinct advantage…or you could drive home if so inclined."
Take into account that ultimately no list or formula can automatically deliver the best destination for you. Only you can decide that. Only you can assess your personal preferences, needs, budget, and desires, and look at the options available to see which nation best suits your needs. You can see the entire Global Retirement Index at internationalliving.com
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