This article takes a look at the top 20 places boomers prefer to retire outside the U.S. If you wish to check out our detailed analysis on navigating quality of life, cost, and healthcare beyond US borders, you may go to the Top 5 Places Boomers Prefer to Retire Outside the U.S.
5. Thailand
Insider Monkey Score: 47
Boasting lush jungles, picturesque islands, and beautiful beaches; Thailand secures a place in our top 5 places boomers prefer to retire outside the U.S. The country offers a stunning backdrop for retirees. Living costs are affordable, with a single expat retiree thriving on $1,000 and a luxurious lifestyle costing around $2,000. Apartments near the beach or resort-style houses provide attractive housing options. Beyond the scenic beauty, Thailand is witnessing significant growth as well, with major companies like Amazon, BYD, and Foxconn investing billions of dollars these past few years. The country’s proactive investment strategy aims to enhance it’s quality of life, making it an appealing retirement choice for many.
4. Vietnam
Insider Monkey Score: 48
Explore Vietnam as your unique retirement destination, known for its affordability, safety, and captivating lifestyle. Climbing four spots to 41st on the Global Peace Index 2023 (out of 163 countries and territories), it beckons retirees with it’s tranquility and low cost of living. While lacking a specific retirement visa, US expats can secure a Vietnamese visa instead. The country offers affordable healthcare, proficient dental care, and housing rentals between $300 to $800, ensuring a comfortable lifestyle under $$1,500 per month. Retirees also get to embrace the charm of over 2,000 miles of coastline, fishing villages, and ancient temples in this welcoming and mysterious Southeast Asian gem.
3. Estonia
Insider Monkey Score: 48
Consider Estonia for your retirement—a tech-forward haven offering innovation and efficiency. Famed for its thriving tech economy, the country is an epitome of creative ideas. With the e-Estonia initiative, it has been able to digitalize identities, healthcare, and politics. Being the least populated European country, it also ensures free internet access. The cost of living, relatively affordable for Americans, makes it an appealing retirement destination. The healthcare system provides both public and private options, with digital innovations enhancing accessibility. Estonia’s safety record is commendable, with low crime rates and a focus on road safety. On average, an individual retiree can expect to live comfortably on $1,200 a month.
2. Japan
Insider Monkey Score: 49
Japan is a blend of technological marvels, culinary delights, and pristine streets. Renowned for its bullet trains and captivating landscapes, it offers an ideal retirement destination. For Americans, entering Japan as tourists is seamless, granting a 90-day visa-free stay.
Japan doesn’t offer a specific retirement visa but a long-stay visa can help expat retirees stay in the country. For instance, people can apply for a long-stay (D) visa. After living in the country on this visa for a certain period of time, retirees can apply for permanent residency.
Although Japan has a higher cost of living, housing expenses are comparatively lower. The Japanese public healthcare system, lauded by the World Health Organization, is efficient and subsidized by the government. Explore economic opportunities, cultural richness, cherry blossom-filled parks, and modern amenities in Japan’s retiree-friendly environment. An individual retiree in the country can expect to live comfortably under $2,000 a month.
1. The Philippines
Insider Monkey Score: 52
Ranked first in our list, the Philippines is one of the best countries to retire in Asia. With a thriving economy, it presents an attractive option for retirees. The Special Resident Retiree’s Visa (SRRV) caters to individuals aged 50 and above, offering an array of benefits such as discount privileges, PHILHEALTH entitlement, and the flexibility of multiple entry and exit options. The visa also allows retirees to purchase condos or townhouses, and with a $50,000 investment, they can own a fully detached home. Affordable living and an improved quality of life make it an attractive destination. Cities like Davao, Iloilo, and Baguio City are among the cheapest places to live. The Philippine Retirement Authority promotes the country as a retirement haven, offering flexible visas, senior citizen discounts, and exemptions from import duties and taxes. Foreign government pensions are tax-exempt, allowing retirees to buy property and open businesses.
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