04/02/2007
Why More and More Americans Live their Home Retirement Years Overseas
While some retirees don’t want to leave the comfort of home and family, many more are finding the appeal of retiring overseas. It has become a trend that more and more Americans are choosing to live their retirement years overseas. For a various number of reasons, American seniors have opted to break free of the American ways and live their lives free of the hustle and the bustle of the United States. One of the main reasons that America is seeing a trend of traveling seniors has to do with the economy and cost of living. Americans living on a fixed retirement income often seek an affordable but active adult retirement community to spend their free years. With rising taxes, it is become more and more difficult for seniors to live a pleasing life on their allotted retirement funds. Landing on foreign soil can certainly make this money last a lot longer than if they were to choose a retirement facility in the US.
The boom of the Internet has offered seniors more options for retirement than ever before. With information so widely available, many are finding foreign countries more accessible. Not only are living expenses cheaper in foreign countries, but medical care and housing is also more economical when you cross our borders. Especially in many Mexican cities, seniors can often find doctors and dentists that have come to United States for their training and traveled back to Mexico to provide care at lower costs. Other countries, such as Panama have a significantly lower cost of living and an environment similar to popular United States’ retirement destinations such as Florida. The Panama real estate market offers housing in every price range to every person’s liking with options on the oceanfront, in Panama City and even in the mountains. Provinces such as Bocas del Toro offer sandy beaches, waterfront restaurants and a casual and relaxing retirement atmosphere. The crime rate in Panama is significantly lower than many US cities and flights between America and Panama are relatively inexpensive. Making the transition even more simple and appealing, the Panama official currency is currently the US Dollar. South America has also become an American retiree favorite as they offer affordable living in all kinds of enjoyable atmospheres.
Americans aren’t only going tropical for their retirement. Trends are showing that some retirees are even venturing so far as to the Philippines and Thailand. Similar to Mexico and other close countries, many physicians are trained in the US and are able to offer health care at a competitive price. Many retirees find the culture to be exotic and the locales friendly and kind. Most American retirees have no problem affording living in these places, living off of only a few thousand dollars each month.
With popular retirement locations such as Florida seeing a rise in cost of living and real estate, it is no suprise that many Americans are choosing to live their retirement years overseas. There is something for everyone- at an affordable price!
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