Where to Retire

Choosing Where to Retire

When coming up to retirement many people consider moving to another country to live out their “golden years” with their partner. What will you do: stay at home, move to somewhere else permanently, or become a snowbird?

If you’re set on retiring abroad you need to talk to your partner and think about what is going to suit you both best; if you have totally different ideas about what your retirement should entail then tensions are sure to arise. The first thing you should do is sit down and make a list of your key priorities… what you need, want, and what you want to avoid when it comes down to your retirement.

Being on the same page and at least knowing where you may need to make concessions can really help smooth the process in the long run.

Retirement destination checklist

Consider these factors before running off to a far-flung destination when you retire.

Do you get homesick

Are you very close to your family and friends? Are you likely to want then to visit regularly, or will longer stays less often be enough for you? If you’re in the USA and Canada countries like Mexico are close enough for weekend visits, whereas European and Asian destinations may be less practical for such trips.


If extremes of heat and cold are going to be a real issue for one (or both) of you it may be better to think about a country with a more temperate climate. Before you make a final decision we would recommend that you visit your chosen destination at least once during each season to ensure that you know what you’re getting into.

Do you want to live retire to the place full time?

If you’re moving full-time you may find that you have less choice than if you were becoming a part-time “snow bird”. Consider which countries allow for retirees moving in fulltime, and ask yourself if these are compatible with your needs.

Temporary or permanent move

Are you moving for good, or do you want to keep your options open? Depending on your intentions you may wish to look for a country which will allow you to have dual-citizenship (rather giving up your current citizenship status).


Many choose to move to a country where the cost of living is cheaper than in their home country; by doing so they make their pensions go farther, and enjoy a lifestyle they might otherwise have been unable to afford.


Consider what kind of lifestyle you might want to enjoy? Are you a hiking history buff, a lady (or gentleman) of leisure, or someone who wants to enjoy a bit of both?

Are foreigners welcome?

Some destinations are more friendly and accepting of foreign nationals and immigrants than others, think about how you will fit into your new community before making a move.

Healthcare and wellbeing

Many people choose their retirement destinations for health reasons; negative ions in the air in coastal locations, in particular, may improve the quality of life for some people with certain chronic conditions. Furthermore, if private healthcare is more affordable in your new destination this can only be a good thing.

Language barriers

Do you speak the language, and if not are you willing to learn? If the majority of the locals do not speak English communication could be a real problem.

The key to choosing a retirement destination which will please you both is to shortlist the countries which meet most of your needs and wants, and visit them in as many seasons as you can to get a real idea of what you’ll be getting into before you make the move officially. Certain try and buy options and fractional ownership programs will aid you in making informed decisions about how and where you spend your retirement.

Retirement Planning and Preparation

Retirement Planning and Preparation

A few years before you retire you should begin practicing what it feels like to be retired. This can be a dress rehearsal for you and your retirement. Practicing retirement will be a gradual transition that will show you what your new retirement life will be like and to let you know if you are truly ready to retire. Would you like some helpful tips for retirement planning and preparation? If you do, then please continue to read below.

Retirement Income

A way that you can start retirement planning and preparation is to start right now by living on the income that you will be receiving once you retire. The first thing to do is live on a budget with the money that you will have each month, and any money that you have left over should be placed into a savings account or invested. If you start right now by living on the income that you will be receiving when you retire, then you will get used to the smaller income along with saving money too. This will also let you know if you are ready to retire financially.

Spend Extra Time with your partner

It is time to rekindle the romance if you and your spouse are retiring at the same time. You can rekindle the romance with your spouse by setting certain days of the week for date nights, taking a weekend getaway, and attending gatherings with your friends, coworkers, and family members. When you spend quality time together with your spouse you are building a stronger foundation that you will need when you retire.

Travel and Take more Vacations

When you retire you will have a lot of spare time on your hands, so right now you should enjoy traveling and taking more vacations, especially abroad. This will give you an idea on how it will be when you are retired along with letting your colleagues see how the workplace is without you there all the time.

Buy a Vacation Home Abroad

Would you like to live abroad when you retire? If you are considering this, then you should start looking at properties now and begin the buying process now before you actually retire. You can consider purchasing a vacation home or even renting one where you would like to retire, and when you have vacation time or time off from work you can go there and see if you would like to retire there. This will also help you to start making friends before you retire. One great option to buying a vacation home abroad is with fractional ownership.

Start a New Hobby

Being retired brings forth many benefits, and one is having the time to do hobbies that you never had time to do when you were working. At this time you can start preparing yourself for the hobbies that you are or were interested in doing, so if you need to purchase any expensive accessories, then you should do it now while you can afford it.

Purchase Expensive Things Now

You should purchase expensive things now before you retire such as a vacation home, RV, a new car, because taking out credit for expensive items will be while you still have a full income. This will also give you an idea on how well you can make the payments before you retire.