10 Countries to Retire Under $200K (pensions, spouse, retirees, friend)
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Then those $200K will last twice as long: 16 years.
Hmmmm. What would one do after those 8 years, or 16 years?
And what if one's SS/pension is $2k/month? Then under your scenario, the $200k lasts forever, right? See, we can play all kinds of games with your hypothetical.
Some of those are suspect. No way in hell that Austria could be affordable to retire in. Besides, it's part of the EU, and it is impossible to move to the EU if you don't have a great job lined up. They're not exactly looking for fat foreigners to come and live out their retirement there.
Hmm, several EU countries have essentially retirement visas targeting fat retired foreigners. (ok, not necessarily fat). I do agree with you on Austria's cost though...
Quote:
Originally Posted by Sand&Salt
Then you get complete health-care for $80/couple a month, when you cross this border. LOL. No deductibles or co-pays. I got to ride in an ambulance for 2 hours, all covered.
$80/month for a couple? Awesome.
Quote:
Originally Posted by Submariner
Really?
You think that inflation has tripled in 17 years?
It has not...$100k in 2001 is about $145k now. But the pension is a wildcard.
All I can say is visit the country first, at least once, but best to visit twice at least before you move, and stay in an apartment/home (not a nice hotel) and try and picture your everyday life in that country.
Good looking women (or men), walkability, street markets and a brand new culture and city to explore are all awesome things, but once the dust settles, you need to make friends. Its not as easy to make English speaking friends in many or all of these countries. It takes a lot of time, persistance and great effort, esp if your middle age or older.
The article said there are many English speaking tourists there. Do you really want to make friends with tourists or very transient groups of English speaking expats? You want English speaking friends who are committed to that city/country and who will be there long term, like you. Its tough. Sometimes you get lucky, sometimes it takes years to make a good social circle in a foreign country.
Several countries have retirement visas (which specifically prohibit working, btw). I don't know about all of the EU, but it is relatively easy to retire to Spain or Portugal.
It is also possible to get EU citizenship by descent from several countries if one qualifies & that would allow residency anywhere in the EC countries. Health insurance is possible after residency is established.
Affluent folks can essentially purchase citizenship in several countries there by proving superior net worth or investing a certain amount of $$$ in various things.
I would think a poor country like Albania which has mountains, wilderness & a stunning coastline adjacent to Greece, Italy & Croatia would be someplace that could exploit this for currency once it gets into the EU, but who knows how long that will take. (Plus I don't know if the government there is still basically organized crime in suits.)
These affordable retirement lists are always stupid as they never mention the very important information of -visa requirements-
Money always helps of course, but without a residency visa there ain't going to be no retirement there. And the visa requirements are NEVER mentioned in these kinds of sales pitches.
So dumb. Absolute clickbait and I didn't even bother to click on it. No mention of visas means the article is pure BS.
Then you get complete health-care for $80/couple a month, when you cross this border. LOL. No deductibles or co-pays. I got to ride in an ambulance for 2 hours, all covered.
How is the healthcare though? Do they have high tech equipment for testing like they do here? Are the doctors knowledgeable? Those are the things we are worried about and would probably stop us from moving from the U.S. However, the cost of healthcare in this country is getting completely out of hand. I'm not retired yet, but will be in about 12 years (give or take). I just got $6k work of bills due to deductibles. How can I save for retirement when I have to pay that every year! It's terrible!
The East and West coasts are expensive, but middle America for the most part is pretty affordable.
Mostly because no one wants to live there
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