This article explains the many reasons people choose to move abroad upon retirement. Cost of living tops the list; retirees often move to countries where the cost of living is lower than in their home countries, allowing them to maintain a high standard of living at less expense. According to author Ana Elisa Bezerra, LCR Capital Partners’ senior director for Europe, “A retirement budget that barely gets one by in one country could give them a life of comfort and even luxury in another.” Other reasons that lead retirees to move abroad are better healthcare in the new country, improved climate (especially for retirees longing to leave behind extreme heat and cold), and settling in communities of likeminded others at the same stage of life. Some retirees move to the new country for only part of the year, whereas others make a permanent move. In either case, an increasingly number of retirees are planning their retirements around securing residency through Golden Visa programs, which grant them residency in the desired location when they make a qualifying investment in that country’s economy. The Golden Visa provides individuals not only with international mobility but also with a wide range of benefits that offer a stress-free and laidback retirement.
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