Retirement is a time that many look forward to and why not? It’s the time for leisure and recreation. Many involve themselves in hobbies they couldn’t pursue during their adulthood. Millennials are working their way to save and invest in better mediums through which they can earn better returns. They have goals for work, life and even retirement. But, enjoying a quality life during retirement will need some planning, especially when you want your money to go a long way.
Relocating to a destination for your retirement can present a way to enjoy life. So here are some of the top destinations that you can explore for reasons including cost of living, climate, amenities and much more.
1. Malta is an island country in the Mediterranean Sea that lies between Sicily and the North African coast in Europe. The country is small but famous for its vast beauty, remarkable history and ancient architecture, which is one of the reasons why the country has become a popular destination for many. Expats like the Mediterranean climate that the country experiences while enjoying the hospitality by friendly and kind-hearted Maltese people, who mainly communicate in English. Many have been swayed to retire in Malta as along with great options for tranquility and adventure, the country also ranks high in medical care.
Malta has an affordable cost of living amongst other countries in Europe. According to the U.S. News,a couple living in Malta could live comfortably with as little as US$1,600 per month, which includes the rental cost.
2. Portugal is a romantic getaway for many tourists. The country is warm and relaxed with one of the most stunning coastlines and famous golden beaches. The medieval hilltop castles, lush green landscape, great options for food and wine, along with its vibrant and friendly people makes the country one of the most attractive destinations in the world.
The country is well known for its healthcare facilities and amenities including great restaurants, cafés, museums and golf courses. With such natural spectacular beauty, one would assume Portugal to be an expensive destination but that is far from the truth. The country offers a low cost of living, wherein a couple can live well with as little as $1,700 in a smaller city which includes the rental cost.
3. Nicaragua, a country in Central America, is famous for its pristine forests, awe-inspiring beaches and colonial architecture. The country, a hidden gem in Central America, is an emerging tourist destination and an evolving retirement spot. Many expats have taken advantage of its affordable real estate cost and rental prices to retire early. Renting an apartment close the to the beach in the country will cost you anywhere between $400 to $500 a month, which is inclusive of all amenities and if you’re lucky you can get an ocean-view condo for under $100,000.
So, there you have it. We hope our quick and easy notes will help you explore destinations for your retirement plan. Happy retirement plans!