17 Best Places to Retire in Europe

Published on July 20, 2023 at 6:42 am by Ghazal Ahmed in Lists, News, Retirement

In this article, we will take a look at the 17 best places to retire in Europe. If you wish to skip our detailed analysis on retiring outside the US and whether you should retire in Europe in the first place, you may go to 5 Best Places to Retire in Europe.

Retiring outside the US

According to Euro News, search for ideal retirement destinations have drastically increased over the past twelve months. Expectations for a comfortable retirement in the USA have been very pessimistic since 2012, with 71% of non-retired individuals reporting being at least moderately worried about their retirement savings. Social security is a significant source of income for 59% of retirees, and expectations to receive such benefits in the future are consistently swinging low for non-retirees amidst Social Security solvency concerns.

Rising inflation, inflated housing prices, and a surging dollar are, in turn, pushing Americans to consider relocation outside of their home country. Some of the best places to retire in the world that these individuals can consider are Panama, Portugal, and Spain. Compared to other Western countries, these places offer a low cost of living. Their healthcare systems are also reasonably well-developed. While retiring to Panama is relatively straightforward, other countries such as Spain and Portugal require retirees to fulfill specific financial requirements or provide sufficient proof of income or assets.

Therefore, retirees should consider countries with retiree-friendly policies and relatively accessible visa processes. As such, some of the easiest countries to retire to include Costa Rica, Mexico, and Ecuador. Not only do these countries have retiree-friendly visa programs, but also boast affordable living costs, welcoming communities, and modest healthcare.

Should I retire in Europe?

Thousands of Americans are considering making Europe their new home. Affordable housing, free healthcare, a strong exchange rate, and a high quality of life push retirees towards this wise move. Even though these factors are enough for individuals to consider relocating to Europe, a key question is: Can I retire to Europe after Brexit?

The answer is it depends. US and UK citizens can retire in Europe if they meet the eligibility criteria for retirement. Once they meet the country’s financial requirements and criteria, they may be granted a retirement visa. Some countries do not offer retirement visas at all but may offer alternative visa arrangements, such as Hungary, Luxembourg, Ukraine, Netherlands, and Poland. If you have decided to retire to Europe, your next question might be how to retire there.

To retire in Europe, retirees must have the necessary financial means to support themselves and be at retirement age (that goes without saying!). Once these conditions are satisfied, individuals can apply for a retirement visa and relocate to their desired destination. For individuals relying on social security, JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and The Charles Schwab Corporation (NYSE:SCHW) are some financial institutions providing international banking services to individuals. Banco Santander, S.A. (NYSE:SAN) is another option individuals can consider. Banco Santander, S.A. (NYSE:SAN) is one of the largest banks in Europe, having a solid presence in several countries.

As such, Euro News states that some of the best places to retire in Europe include Spain and Croatia. Spain is among the top contenders, considering its warm weather, beautiful beaches, and safety. According to World Economic Forum, Spaniards have the longest life expectancy in Europe, at 83.1 years. Their secret? Their Mediterranean diet! It’s full of fruits, vegetables, olive oil, and fish.

There are many other places that you can choose as a retiree or a potential retiree according to your budget and preferences. Once you choose where to retire in Europe, consider opting for financial services from institutions such as JPMorgan Chase & Co. (NYSE:JPM), The Charles Schwab Corporation (NYSE:SCHW), Citigroup Inc. (NYSE:C), or even Banco Santander, S.A. (NYSE:SAN) for planning financial arrangements in Europe. The Charles Schwab Corporation (NYSE:SCHW) even offers expat retirees options to invest in US markets while abroad, access to U.S. dollar–based accounts, and tax filing options.

Methodology

In order to compile the list of the top places to retire in Europe, we have used sources such as Live & Invest Overseas, US News & World Report, Travel & Leisure, European Best Destinations, Expatriate Consultancy, International Living, as well as retirees’ discussions on reddit.

Each time a place was recommended by a source, it was awarded one point. Places with similar scores were tie-broken based on cost of living, with 0.1 additional points given to the cheaper place out of 2, 0.2 to the cheaper place out of 3, and so on.

Monthly costs of living have been sourced from International Living, Livingcost.org, amongst others. Places were then ranked in an ascending order from the lowest to the highest scores.

Here are the best places to retire in Europe:

17. Paris, France

Insider Monkey Score: 2

Retirees looking for the perfect balance between art, culture, and quality of life can choose to retire in Paris, France. The melting pot of culture is a global center of art and history, with iconic landmarks such as the Eifel Tower and Louvre Museum to its name. Residents in the city look forward to the exquisite culinary French cuisine, indulging in fine dining experiences and savoring gastronomic delights. On average, an individual can retire on an amount between $2,083 to $2,483. While not exactly affordable, the cost of living can certainly make do with excellent healthcare, modern infrastructure, and overall high quality of life.

16. Gothenburg, Sweden

Insider Monkey Score: 2.1

Active lifestyle, stunning natural beauty, and sustainable living make Gothenburg, Sweden, one of the best Nordic places to retire. On average, the cost of living for a single person is $1,763. Located along the west coast of Sweden, retirees can have access to the beautiful archipelago and coastline, where they can enjoy fishing, boat trips, and other adventures. The city also offers a vibrant cultural scene, a high quality of life, and environmentally friendly living for retirees.

15. Antwerp, Belgium

Insider Monkey Score: 2.2

Antwerp, Belgium is one of Europe’s best cities to retire. The excellent healthcare system, walkable city, and rich cultural heritage make Antwerp, Belgium, a highly regarded retirement destination. Not only is the city famous for its Belgian chocolates and waffles, but retirees can also immerse themselves in other delectable cuisine. The city’s cost of living for a single person is $1,732, making Antwerp an appealing retirement destination.

14. Prague, Czech Republic

Insider Monkey Score: 2.3

Prague, Czech Republic, makes it to our list of best places to retire in Europe. The “City of a Hundred Spires” is an architectural heaven, filled with baroque buildings, Gothic churches, and the medieval Astronomical Clock in its Old Town Square. A single person can live comfortably on $1,479 without causing financial strain to their savings. There are plentiful parks and green spaces within the city, and the rich cultural scene adds to the charm of Prague.

13. Ljubljana, Slovenia

Insider Monkey Score: 2.4

Retirees are increasingly flocking to Ljubljana, Slovenia, for its high quality of life, affordable costs of living, and vibrant culture. A minimum of $1,381 is required for a single expat retiree who is settling in the city. A nice, two-bedroom apartment can cost around $150,000-$200,000, and retirees can also choose to settle in retirement communities. The stunning natural landscapes, such as Lake Bled and Triglav National Park, are a beautiful addition to Ljubljana.

12. Popoli, Italy

Insider Monkey Score: 2.5

This little town of Abruzzo, Italy, makes it to our list of best places for retirees and expats in Europe for a multitude of reasons. For starters, retirees are guaranteed an authentic Italian lifestyle, savoring delectable traditional cuisine, local wine, and other fresh foods. According to US News & World Report, couples can expect to live comfortably under $1,200, and singles retiring for even less. The idyllic small town is situated away from the hustle and bustle of larger cities, and retirees love it for the peaceful environment it offers.

11. Kotor, Montenegro

Insider Monkey Score: 2.6

Kotor is more than just an investor’s paradise. Over the years, expat retirees have found this location to be affordable and beautiful to retire to. Nestled on the stunning Bay of Kotor, the city offers retirees with access to pristine beaches along the Adriatic Coastline, along with charming coastal towns in its vicinity. The city also boasts easy residency policies and a budding expat community. On average, an individual can retire at $837, whereas couples can live under $1,500.

10. Annecy, France

Insider Monkey Score: 3

Embrace a vibrant social scene and actively engage in outdoor pursuits when you retire to Annecy, France. Nestled in the French Alps, the city provides retirees with the perfect mountainous backdrop, further complimented by the picturesque Lake Annecy. Retirees can also expect a well-developed healthcare system, modern infrastructure, and a wide range of amenities when they retire to this beautiful city. Hiking, cycling, boating, fishing, and skiing are a few of the many activities that can be enjoyed here. Retirees can rent a two-bedroom furnished apartment at $1,450, while similar apartments can be purchased for $389,000.

9. Galway, Ireland

Insider Monkey Score: 3.1

Retirees seeking a culturally rich and fulfilling retirement experience can choose to retire in Galway, Ireland. Home to international festivals such as the Galway International Arts Festival, eclectic food, great healthcare, traditional Irish music, and colorful parades, the happening city is one of the best places to retire in Europe. Gorgeous sandy beaches can be a treat during summertime. Living costs are a bit high at $2,335 per person, but they justify the amenities the city has to offer.

8. Vienna, Austria

Insider Monkey Score: 3.2

Vienna is one of the most livable cities the world has to offer, and retirees are increasingly beginning to understand it’s value. Great healthcare, clean air, and excellent public transportation make it a desirable retirement destination. Moreover, the capital city is home to plentiful restaurants, museums, and shopping centers too. Many retirees love to embrace its coffeehouse culture, sipping coffee and enjoying pastries. The cost of living can vary between $1,631 to $2,047 per person.

7. Cascais, Portugal

Insider Monkey Score: 3.3

Cascais, Portugal, stands out as one of the best places to retire in Europe for a multitude of reasons. The coastal paradise is nestled along the stunning Portuguese Riviera, embracing picturesque coastal views, pristine beaches, and spectacular cliffs. The mild climate is also a plus for retirees, and anywhere between $1,500-$2,000 is considered more than enough for a comfortable retirement for an individual. World-class healthcare, exceptional golf courses, restaurants, and shopping centers are some amenities offered here.

6. Alicante, Spain

Insider Monkey Score: 3.4

Nestled on the beautiful Costa Blanca, Alicante, Spain is home to beautiful beaches and sandy shores. The beautiful Mediterranean climate allows retirees to indulge in recreational opportunities throughout the year, enjoying the idyllic setting it offers. The city is also home to excellent healthcare, modern infrastructure, and a vibrant social scene. Active retirees will especially love it here, considering parks and natural landscapes are perfect settings to hike, bike, sail, and more. Expatistan claims that Alicante is the third cheapest city in Spain, with a single person comfortably retiring on $1,386.

Click to continue reading and see the 5 Best Places to Retire in Europe.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on December 13, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

This is the #1 Gold Stock for your 2025 watch list

Published on December 16, 2024 at by Insider Monkey Staff

Brace yourself.

There’s no question that thanks to Washington’s disastrous policies – and out-of-control spending – the outlook for the U.S. economy now appears dire.

And with the U.S. national debt now rising by a staggering $1 trillion every 100 days…there are no easy solutions to help get the nation back on track.

While Jay Powell and the Biden-Harris White House sweat out a federal debt that has reached $35.5 trillion – and climbing – many investors have raced to the sidelines with their cash.

But the truly savvy investors laugh while Jay Powell frets, because they understand that this ridiculous spending has also triggered a nearly unprecedented bull market for gold.

Just look at this chart for the yellow metal.

After testing the $2,000/ounce mark in August 2020 and February 2022, gold traded down to near $1,600/ounce in October 2022.

Since then, gold prices have been on an absolute tear and currently sit above $2,600/ounce, a $1,000/oz increase in just two short years.

But the surge in gold prices that we’ve seen over the past few years could pale in comparison to what’s on the horizon. As shocking as it may sound, with no end in sight for the Fed’s money printing, we could see the price of gold increase by many multiples in the years ahead.

With soaring inflation, the dollar stands to lose more and more of its value, which means you’ll need a lot more dollars to buy gold.

According to legendary investor Peter Schiff, today’s seemingly-high gold price of $2,600/oz. “could soar to $26,000/oz. — or even $100,000/oz. There’s no limit because gold isn’t changing — it’s the value of the dollar that’s decreasing.”[i]

Meanwhile, as profitable as gold has been, select gold mining stocks have really kicked into high gear, handing investors even bigger profits.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up