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Why Retire Outside US?
The skyrocketing cost of living in the US is forcing many Americans, including baby boomers and seniors, to look beyond the country in search of a quality retirement lifestyle that is affordable. With meticulous planning and a lot of passion, you can well turn your dream of an overseas retirement into reality. The benefits of "outsourcing retirement" have never been better! An overseas retirement is no longer for an exclusive privilege of the rich and the famous-- it's for anyone who is willing to settle outside the US.
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Based on key factors like tax liability, real estate costs, health care system, ease of obtaining residency, climate and culture, some overseas destinations prove better places to retire in than others.
These distant climes lure baby boomers with the promise of a higher quality of life. This explains why, more than ever before, American seniors are choosing to retire abroad. In fact, recent surveys show that almost 500,000 retired Americans live outside the US.
Best Place to Retire Outside the US :
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A Quick comparison
| Country |
Population |
Climate |
Income Tax |
Sales Tax |
Median Home Price |
| Mexico |
108,700,891 (July 2007 est.) |
Varies from tropical to desert |
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VAT is 15% |
$86,143 |
| Costa Rica |
4,133,884 |
Tropical, subtropical. Dry : (Dec -
April) Rainy :(May to Nov) |
Highest can be 15% |
13% |
$100,000.00 to $400,000.00 |
| Panama |
3,242,173 |
Tropical maritime. Rainy season (May-January), Dry season (January-May) |
7% to a maximum of 27% |
5% |
$230,000 |
| Canada |
33,251,000 |
Continental Climate. Very cold winters and mild summers |
15 to 29% |
6% |
$220,000 |
| New Zealand |
4,115,771 |
Temperate with sharp regional variations |
19.5% |
5% |
$2,35,000 |
| Spain |
40,448,191 |
Temperate |
24 to 43% |
16% |
$180,000 |
| Croatia |
4,493,312 |
Mediterranean and Continental type |
15 to 45% |
22% |
$195,000 |
| Thailand |
65,068,149 |
Tropical |
5 to 37% |
7% |
$ 70,000 |
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Retire abroad and make a Fresh Start
If you have chosen to live abroad after retirement, you have made a very good decision. Here's why:
- You will get a peaceful environment and a good climate around the year.
- The lower cost of living overseas means you don't have to save that much for your post retirement days
- Standards of living abroad are often as high as in the US, for a fraction of the cost.
- There are some popular places
to retire in outside the US where you can buy quite a
spacious home and that too at a low price.
- Inexpensive and quality healthcare is what seniors like you cannot think of in the US.
- If you have the desire to
explore foreign lands and also other cultures,
settling abroad is an ideal choice.
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