We have all done it at one time or another. We look to find some of the Cheapest Places to Retire. For some it is a curiosity and a fantasy but for others a necessity. Necessary because sometimes things don’t work out how we planned. Especially when it comes to our retirement savings. After years of saving, coming up far short of our wishes means thinking about taking the adventurous retirement option.
That being, looking for where in this beautiful world we can stretch the retirement savings we do have to go farther. Not only that but without sacrificing our living standards.
The countries that make this Cheapest Places to Retire List are the countries where $200K can fund up to 30 years of retirement.
An Affordable Retirement Is Good But Be Sure To Look At The Non-Financial Aspects Too
Obviously there are many more considerations other than money when it comes to movingin ourretirement that should be explored.
Are you interested in a rural or urban lifestyle?
Do you want mass transportation options or being close to an airport, hospital, etc.?
If looking for a country with a lower cost retirement then understanding the lifestyle we want helps us narrow our search for the country and the targeted city, town, or village within it.
Then visit it first if you haven’t spent any or much time there. It takes more than a couple of weeks of vacationing to really understand whether it is right for you as a full-time home. Go and LIVE it before committing. Don’t look at it as a vacationing tourist. Get deep into the living part.