If you are counting your days when you will leave active duty and plunge into leisure time and whatever you feel like doing without constantly looking at your watch, there are several places where you can build your nest as a retiree.
Each year, International Living Magazine releases its Global Retirement Index to help point retirees in the right direction. The survey relies on a combination of first-person accounts from their legion of international correspondents and editors, as well as data from the World Bank and the World Health Organization. Countries are ranked based on a range of factors, including real estate, cost of living, ease of fitting in, health care costs/quality, infrastructure, and climate.
According to ILM, the ten best countries to retire are the following in order of preference:
- Costa Rica
Panama slipped from the top spot this year, but it’s still the second-best place to retire, according to IL. The benefits for expat retirees are probably the country’s biggest draw. Panama offers something called a Pensionado visa, which provides any foreigner who can prove they receive income from a lifetime pension or Social Security of at least $1,000 a month the ability to live there indefinitely. The visa also comes with some pretty sweet discounts such as:
- 20% off medical services
- 50% off entertainment
- 25% off restaurant meals
- 25% off airfare
- 25% off electricity and phone bills
- Lots of sunshine, friendly people and white-sand beaches