Where Should I Retire?: This gorgeous country is the No. 1 location to retire abroad– and you can do it on simply $2,200 a month

Where Should I Retire?: This gorgeous country is the No. 1 location to retire abroad– and you can do it on simply $2,200 a month

Attractive beaches lined with golden sand, lovely cobblestone streets, spectacular middle ages castles, fresh and scrumptious food– these are just some of the perks you’ll enjoy while living in Portugal.

On Thursday, International Living publication released its 2020 list of the best countries to retire abroad, and Portugal snagged the No. 1 spot, making high marks for quality healthcare, a sensible expense of living and the ease with which you can suit life there (people get along, and, while it’s not an English-speaking nation, lots of residents speak English). It climbed from the No. 7 area a year prior.

Tricia Pimental, 69, who moved there from Utah, recently informed MarketWatch that residing in Portugal is “all about household, food and fun”— and the price tag. International Living price quotes that a couple could live an excellent life on $2,200 a month; Tricia’s estimates had to do with the exact same. Other benefits of this Iberian Peninsula nation: It’s one of the most tranquil on the planet and, as Travel & Leisure writes, has a “dynamism that feels fresh and distinctive” in addition to “year-round temperate weather.”

Panama took the No. 2 area on the list, with high marks for the benefits/discounts it offers retired people (its pensionado program manages senior citizens discounts on whatever from home entertainment to train and bus fares to restaurants and prescriptions) and the ease of getting visas and residency. Panama is likewise fairly safe, with a low expense of living and decent healthcare.

When MarketWatch talked to Mary Taft, 63, who just recently relocated to the country from Massachusetts, she raved about her experience in the town of Boquete: “It’s a location of inexpressible appeal, and the culture is intricate and lively,” she reported. “It’s not a sleepy town in the mountains; there’s arts and culture, birding, sailing, treking, dining establishments with chefs from around the world– it’s a foodie paradise. There’s a lot going on here.”

10 best nations to retire abroad

1. Portugal

2. Panama

3. Costa Rica

4. Mexico

5. Colombia

6. Ecuador

7. Malaysia

8. Spain

9. France

10. Vietnam

To rank these nations, the publication asked its reporters and on-the-ground experts residing in 24 various countries to rate their nations based upon housing, benefits/discounts, visas/residency, ease of fitting in, development, climate, healthcare, governance, cost of living and other factors.

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