Retire Overseas? 5 Reasons to Consider It

Sunday, 10 Aug 2014 09:27 PM

By Dan Weil

  Comment  |
   Contact Us  |
|  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

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, 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.

  Comment  |
   Contact Us  |
  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
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

Here's Why Most Unemployed Americans Don't Get Benefits

Saturday, 22 Nov 2014 10:35 AM

Even though the U.S. job market is gaining strength, there are still a lot of unemployed Americans. Yet only a fraction  . . .

Kudlow: Obama's Big Mistake Is Ignoring High-Skilled Visa Problem

Friday, 21 Nov 2014 22:08 PM

Obama’s executive actions not only usurp powers that are not his, they don’t really solve key immigration problems. . . .

Furchtgott-Roth: Obama's Immigration Edict Is Windfall for Wal-Mart

Friday, 21 Nov 2014 17:47 PM

President Barack Obama's immigration edict is likely to enrich Wal-Mart because the previously undocumented millions wou . . .

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.

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