Retire Overseas? 5 Reasons to Consider It

Sunday, 10 Aug 2014 09:27 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Many Americans are coming to learn that it can be advantageous to retire abroad.

A total of 613,650 Social Security recipients receive their benefits outside the United States, more than double the 242,128 total of 2002, according to International Living newsletter.

Editor’s Note: Retire 10 Years Earlier With These 4 Stocks

MarketWatch
lists five reasons why you should consider moving overseas when you retire.

1. "Property taxes are often lower overseas." While average annual property taxes total $1,997 a year in Florida, an older couple living in Ecuador tells MarketWatch their bill is only $53.

2. "You’re only a Skype or FaceTime away." It's child's play to maintain contact with your friends back home.

3. "Escape from political drama in Washington." The government has shut down three times in the past 20 years.

4. "Concerns over health-care costs." A knee replacement will run you $25,398 here, compared to $12,589 in the Netherlands and $6,015 in Argentina, according to the International Federation of Health Plans.

5. "Your dollars go further, farther from home." The purchasing power of a dollar is greater in countries such as Costa Rica and Mexico.

Meanwhile, CNBC.com offers six tips to enhance your retirement portfolio.

• "Figure out what you need.

• "Save more, and extend your working life.

• "Diversify." Stocking your portfolio with different asset classes can curb your volatility
and limit your losses in times of trouble.

• "Design your asset allocation with an eye to taxes.

• "Keep a healthy portion of equities.

• "Relax and set yourself up for automatic rebalancing."

Editor’s Note: Retire 10 Years Earlier With These 4 Stocks

Related Articles:

© 2014 Moneynews. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Morici: Five Compromises Obama Must Embrace to Avoid Recession

Wednesday, 22 Oct 2014 10:03 AM

If Republicans win the Senate, President Barack Obama risks another bruising recession if he doesn't embrace compromise  . . .

Buffett Suffers $2.36 Billion Paper Loss on Drops in IBM, Coke Stock

Wednesday, 22 Oct 2014 09:41 AM

Warren Buffett's Berkshire Hathaway took quite a hit from the falling share price of IBM and Coca-Cola over the past two . . .

Drugmakers to Join Forces to Make Millions of Ebola Vaccine Doses

Wednesday, 22 Oct 2014 09:34 AM

Leading drugmakers plan to work together to accelerate development of an Ebola vaccine and produce millions of doses of  . . .

Most Commented
Top Stories

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved