The Guide to Retirement Around the World
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YOUR GUIDE TO RETIREMENT AROUND THE WORLD www.nextgenerationtrust.com
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Transcript of The Guide to Retirement Around the World
YOUR GUIDE TO RETIREMENT AROUND THE WORLD
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BUT WHERE DO YOU START?
Retiring in a new city or country can be an exciting chapter in your life….
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WELCOME TO THE BEST PLACES TO RETIRE GUIDE
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RETIREMENT IN JAPAN: THINGS TO KNOW
Japan has a large expatriate community.
Permanent Visa applications can take up to 6 years.
Cost of living is high, but quality of life is also high with health insurance required of all residents.
One-bedroom apartments range in price from $450 to $740 depending on location.
Three-bedroom apartments range from $1,102 to $1,540.
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RETIREMENT IN JAPAN: THINGS TO KNOW
An average meal at a nice restaurant is around $35 while a fast food is around $5.
Common groceries and household needs are fresh and reasonably priced.
Tokyo has the largest expat population of all Japanese cities, with 30 million residents total.
Want to know more about retirement in Japan? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN NEW ZEALAND: THINGS TO KNOW
Popular with expats because of friendly locals and a temperate and scenic climate.
Healthcare is a mix between a private and public system; it is available to expats with a work permit or permanent residence permit.
Retirement Visas are available to those 65 and older that’s based on certain fiscal requirements.
The strength of the New Zealand dollar against other currencies means retirees can get a lot more for their money.
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RETIREMENT IN NEW ZEALAND: THINGS TO KNOW
A one-bedroom apartment ranges from $766 to $1,016 depending on location.
Rentals and house sales are regulated by the Building and Housing Group making the process regulated and well organized.
An average meal at a nice restaurant is around $65 while a fast food is around $8.
The country’s capital Wellington is popular amongst tourists and expats while Auckland is the largest and most diverse city.
Want to know more about retirement in New Zealand? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN ARIZONA: THINGS TO KNOW
Attractive to retirees because of warm climate and low-cost housing.
Both Mesa and Tucson were ranked by Forbes 2015 Top Places to Retire List.
Median home value is $178,000 while the median rental value is $1,080.
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RETIREMENT IN ARIZONA: THINGS TO KNOW
Low sales tax rate of 5.6% and no tax on Social Security income and no inheritance tax, gift tax or estate tax.
The state features some of the healthiest residents in the country, due to a dry climate that offers relief for allergy and asthma suffers.
Phoenix has a large percentage of residents aged 65+ and features 200 golf courses; Mesa is located just 15 minutes from Phoenix and offers a great urban experience.
Want to know more about retirement in Arizona? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN AUSTRALIA: THINGS TO KNOW
Australia offers diverse climates including plenty of beaches, large cities and rainforests.
Australia features an excellent health care system with public and private options, however free universal healthcare is not available to expats.
Two different types of visas available for retirees: the standard retirement visa which is renewed every two years and permanent Australian visas which require investments in the country.
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RETIREMENT IN AUSTRALIA: THINGS TO KNOW
A two-bedroom apartment ranges from $284 to $465 a week to rent.
An average meal at a nice restaurant is around $95 while a fast food is around $11.50.
Sydney is a popular retirement destination and is a cosmopolitan city with plenty of beaches; Perth is increasing in popularity due to Mediterranean climate.
Want to know more about retirement in Australia? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN BELIZE: THINGS TO KNOW
Popular retirement destination because the official language is English, US currency is accepted and inexpensive to move there.
Government has set up incentives for retirees, allowing them to bring all household belongings tax-free.
Medical care for minor ailments is available but for major medical conditions its suggested to go to neighboring Mexico or Guatemala.
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RETIREMENT IN BELIZE: THINGS TO KNOW
Ideal location for those looking for a small-town feel. The island only has a population of 300,000.
Renting a house or apartment can range from $500 per month to several thousands depending on location.
Want to know more about retirement in Belize? Get detailed information HERE.
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RETIREMENT IN CANADA: THINGS TO KNOW
Country provides excellent primary health care and for those wanting private insurance it’s much cheaper than in the U.S.
No formal retirement visas are offered, must have a family member there to sponsor your visa or apply for an investment visa.
Many expats find that living in Canada is much cheaper than their own country.
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RETIREMENT IN CANADA: THINGS TO KNOW
Housing prices range from $271K to $700K depending on the part of the country you want to be in.
Three-course dinner averages $58 while a meal averages around $7.
Toronto is the most developed of Canada’s cities with plenty of art and diversity; Ottawa is filled open space and lush scenery.
Want to know more about retirement in Canada? Get detailed information HERE.
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RETIREMENT IN COSTA RICA: THINGS TO KNOW
Popular retirement destination because of its natural beauty and close proximity to the U.S.
Limited amount of elderly care and nursing homes available since in Costa Rica most of that is handled by family.
Retirement visas are available like the Pensionado Program which requires that you receive at least $1,000 per month from a pension and that you do not work.
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RETIREMENT IN COSTA RICA: THINGS TO KNOW
Cost of living is low with three-bedroom apartments averaging $500 to $700.
Ideal for outdoor lovers, Costa Rica offers some of the world’s best beaches and wildlife.
Want to know more about retirement in Costa Rica? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN ECUADOR: THINGS TO KNOW
Relaxed, slower pace of life offered in Ecuador.
Popular amongst American expats because you can move all of your household goods there duty-free and the U.S. dollar is the official currency.
Many retirees find they can live comfortably for under $2,000 per month.
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RETIREMENT IN ECUADOR: THINGS TO KNOW
Three-bedroom apartments in the city center average at $475.
Medical care costs a fraction of what it would in the U.S., with hospitals in major cities very state-of-the-art.
Some of the most popular activities to do in Ecuador are surfing, exploring the Amazon and hiking.
Want to know more about retirement in Ecuador? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN FRANCE: THINGS TO KNOW
France features peaceful countrysides, exciting cities and the sunny Riviera.
Healthcare is affordable in France for expats, averaging around $1990 a year.
Prices are higher in France; the cost of day-to-day living is relatively expensive because of high sales tax on items.
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RETIREMENT IN FRANCE: THINGS TO KNOW
Living in France’s big cities like Paris will cost thousands of dollars a month, but countryside living is much cheaper and more relaxed.
France has plenty of culture and world-renowned food and is centrally located allowing for easy travel throughout Europe.
Want to know more about retirement in France? Get detailed information HERE.
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RETIREMENT IN IRELAND: THINGS TO KNOW
Expats are attracted to Ireland because its green fields, friendly people and proximity to mainland Europe.
Health care in Ireland is considered some of the best in the world.
To apply for long-term residency, expats must obtain a “Permission to Remain” from the local police.
Housing prices have fallen in the past few years making it easier and less costly to find a home.
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RETIREMENT IN IRELAND: THINGS TO KNOW
The climate in Ireland rarely goes above 70 degrees Fahrenheit or below 40 degrees Fahrenheit and there is a lot of rain.
Health insurance is affordable, averaging around $2000 a year.
Want to know more about retirement in Ireland? Get detailed information HERE.
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RETIREMENT IN ITALY: THINGS TO KNOW
Italy is known for its food, wine, history and beautiful regions.
Before applying for a long-term visa, you must secure the place you plan to live.
Expats don’t qualify for a national healthcare plan, so it is advised that insurance is purchased outside of the country since Italian private healthcare offerings are limited.
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RETIREMENT IN ITALY: THINGS TO KNOW
Depending on where you live will determine price of housing, with one-bedroom apartments running from $1,000 a month to several thousand.
In Italy you will be living a more relaxed lifestyle, as the Italians have a way of living life that makes everyday feel like a holiday.
Want to know more about retirement in Italy? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN MEXICO: THINGS TO KNOW
Mexico has many different and distinct areas to choose from - mountains, beaches, cities and small towns.
In Mexico City, rent for a three-bedroom apartment in the city center is around $1,000 per month; while in Guadalajara, a three-bedroom apartment in the city center is about $600 per month.
Mexico’s health care system is very good and much cheaper than in the U.S. If you obtain a FM- 2 or 3 visa then you will be able to take part in Mexico’s universal health care coverage for about $300 per year.
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RETIREMENT IN MEXICO: THINGS TO KNOW
An increase in expats moving to Mexico has led to many retirement communities forming that feature the comforts of home as well as many English speakers surrounding you.
Day-to-day life is much slower but popular activities in Mexico are: exploring ancient Mayan sites, water sports, jungle excursions, golfing and going to local fairs and festivals.
Want to know more about retirement in Mexico? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN PORTUGAL: THINGS TO KNOW
Expats will be happy to learn that Portugal has a relatively low cost of living, and is less expensive than other Western European countries.
On average one can lead a comfortable life in Portugal for $20,000 to $25,000 a year.
A one-bedroom apartment averages from $440 to $590 a month.
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RETIREMENT IN PORTUGAL: THINGS TO KNOW
An average three-course dinner costs about $40 while a combo meal fast food meal runs around $7.50 per person.
Libson attracts many expats due to its mild climate and diverse attractions; the Western region contains many beach towns and attracts a lot of tourists.
Want to know more about retirement in Portugal? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN SPAIN: THINGS TO KNOW
Retiring in Spain is becoming increasingly popular among those looking for a retirement locale that combines European luxuries and charms with the sun and sand of Spain’s famous beaches.
A two-bedroom city apartment usually runs $600 to $850 per month plus a two month deposit.
To apply for a retirement visa you’ll have to make an appointment with the Embassy and submit the required paperwork in person.
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RETIREMENT IN SPAIN: THINGS TO KNOW
While national healthcare is available to retirees from abroad, most expats choose to buy private insurance to avoid the limitations and long waits for certain treatments.
Excluding rent or mortgages, a couple can live comfortably on $20,000 to $25,000 a year.
Dinner for two generally averages $35 to $50, excluding wine.
Want to know more about retirement in Spain? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN ST. THOMAS: THINGS TO KNOW
St. Thomas, with its modern comforts, is a balance of Caribbean culture and American practicality.
Healthcare costs and coverage in the U.S. Virgin Islands are similar to Puerto Rico and the rest of the United States.
Monthly rentals for a one-bedroom apartment range from $950-$1,500 and $1,200-$2,200 for a two-bedroom apartment.
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RETIREMENT IN ST. THOMAS: THINGS TO KNOW
A three-course dinner for two in a mid-range restaurant averages $78.00 and a fast food restaurant averages $7.53.
The capital Charlotte Amalie is home to almost half of the island’s 51,000 residents and features offices, residences and plenty of duty-free shopping.
Towns such as Havensight, Red Hook and Frenchtown are quieter than Charlotte Amalie and offer scenic views, lovely beaches, sailing and snorkeling.
Want to know more about retirement in St. Thomas? Get detailed information HERE. www.nextgenerationtrust.com
RETIREMENT IN THAILAND: THINGS TO KNOW
Thailand has become a country many people flock to for retirement featuring cities and beaches with many places to retire to.
You must retain a Retirement Visa or “O” Visa; this visa allows you to stay for up to a year in Thailand if you are over 50 years old, do not work in Thailand and have at least $25,846.06 in a U.S. bank. You reapply for it each year.
Foreigners aren’t able to own land in Thailand, so most expats choose to rent.
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RETIREMENT IN THAILAND: THINGS TO KNOW
Living in Thailand is affordable and the quality of life is very high. Goods that are seen as luxuries in other countries like maids and massages, are much more affordable in Thailand.
The average retiree living in Thailand can expect to spend about $1,000-$1,500 per month.
Want to know more about retirement in Thailand? Get detailed information HERE.
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