Our Mission
Our mission is simple: to provide trusted, comprehensive resources for those aged 55 and over who are considering retiring abroad. From in-depth guides on popular retirement destinations to financial planning advice and healthcare resources, we’re here to make your transition as smooth as possible.
With years of research and collaboration with experts in international living, we bring you practical information to help you make informed decisions. Whether you're just exploring the idea or ready to pack your bags, Abroad Senior Living is your go-to guide for navigating retirement overseas.
BENEFITS OF RETIRING ABROAD
Retiring abroad isn’t just about experiencing new cultures or climates — it can offer a wide range of tangible benefits that can improve your quality of life. Here’s why more and more seniors are choosing to retire overseas:
Lower Cost of Living
One of the biggest draws of retiring abroad is the potential to live comfortably on a budget. In countries like Mexico, Portugal, or Thailand, the cost of housing, groceries, transportation, and even healthcare is often much lower than in the U.S. or Europe. For retirees on a fixed income or pension, this can mean a significantly higher quality of life without stretching your savings.
Access to Affordable Healthcare
Many countries offer high-quality healthcare at a fraction of the cost you're used to paying. Countries like Spain, Malaysia, and Costa Rica are known for their world-class medical facilities and doctors, often trained in Europe or the U.S. Plus, private health insurance abroad is typically much more affordable than in the U.S or Canada.
A Sense of Adventure
Retiring abroad offers a fresh start in a new environment. Imagine spending your days strolling through vibrant markets, exploring historical sites, or relaxing on pristine beaches. Many countries offer welcoming expat communities where you can make new friends while enjoying the excitement of living in a different culture.
Tax Benefits
Some countries have favorable tax treaties or agreements with the U.S., allowing retirees to avoid double taxation on income. Others offer special tax breaks for foreign retirees, allowing you to keep more of your hard-earned money.
Enhanced Quality of Life
Beyond the financial savings, retiring abroad often means a higher standard of living. You may find that you can afford a larger home, hire help for chores like cleaning or gardening, or dine out regularly — luxuries that may have been difficult to maintain at home.
A Magnet for Visitors
Living abroad turns your new home into an exciting destination for friends and family. Whether it’s a tropical beach, a European village, or a vibrant city, your location will likely attract loved ones. Hosting visitors lets you share your new life while rediscovering your surroundings together. Plus, it creates lasting memories with those closest to you in an unforgettable setting!
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INTERESTING ARTICLES
Your Guide to Living Abroad After 55; Explore inspiring stories, practical tips, and expert advice tailored for those ready to embrace a new chapter of life abroad. Whether you’re seeking affordable destinations, vibrant communities, or a fresh start, our blog is here to help you make your dream a reality.
Top 5 Destinations to Retire Abroad
Retiring abroad offers a chance to enjoy new cultures, affordable living, and a better quality of life. But with so many places to choose from, where should you go? ...more
Retiring ,Destination
October 22, 2024•2 min read
Destination Guide: Retiring in Costa Rica
Costa Rica is a favorite destination for retirees seeking a tropical paradise with a relaxed lifestyle. ...more
Retiring
October 16, 2024•2 min read
Benefits of Retiring Abroad
Retiring abroad isn’t just about experiencing new cultures or climates — it can offer a wide range of tangible benefits that can improve your quality of life. ...more
Retiring
October 16, 2024•2 min read
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RESCOURCES
Frequently Asked Questions
Answers To Commonly Questions
What are the best countries to retire abroad on a budget?
Some of the most affordable countries for retirees include Mexico, Costa Rica, Portugal, and Thailand. These destinations offer a lower cost of living, affordable healthcare, and vibrant expat communities, making them ideal for retirees seeking to stretch their savings.
How can I access healthcare while living abroad?
Many popular retirement destinations offer high-quality, affordable healthcare systems. Expats can often access public healthcare or opt for private health insurance, which is typically much cheaper than in the U.S. International health insurance plans are also an option for those who want broader coverage.
Do I need a visa to retire abroad?
Most countries require retirees to obtain a long-term visa or residency permit. Popular programs include Mexico’s Temporary Resident Visa and Costa Rica’s Pensionado program. Each country has different income requirements, so it's essential to research specific residency options.
How much does it cost to live comfortably abroad?
The cost varies by country and lifestyle, but many retirees can live comfortably on $1,500 to $3,000 per month in countries like Ecuador, Malaysia, and Panama. This includes housing, food, transportation, and healthcare.
Will I still have to pay U.S. taxes if I retire abroad
Yes, U.S. citizens are required to file a tax return every year, even when living abroad. However, the Foreign Earned Income Exclusion and other tax treaties may help reduce your tax liability. It’s a good idea to consult a tax professional familiar with expat taxes.
How do I stay connected with family and friends while living abroad?
Staying connected is easy with modern technology. You can use video calls, social media, and messaging apps like WhatsApp or Zoom to keep in touch. Plus, being in an exciting location means friends and family are more likely to visit!
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