It’s so important to save for our retirement. Many people start paying into pensions in their early 20s to ensure they have enough money for when they retire. However, even with that, many people will not have enough money to cover all their expenses by the time they retire and many people are now moving to countries where they can get more out of their savings.
Check out the storymap below from Easy Life Cover for a complete overview of the best countries to retire in to ensure you get the most out of your savings. There are age, income and residency requirements in most countries, but if you meet the criteria, you may be surprised to learn that in some of the countries, $200k has the potential to last up to 30 years! Even in the some of the most expensive cities like Bangkok, Thailand, the cost of living can still be 50% to 60% less than in larger US cities such as New York and Chicago. Keep in mind that some countries do require a visa.
If your retirement savings aren’t as much as you’d hoped for, there is always the option to start your life over and have a great standard of living in many beautiful countries around the world. Also, many of these countries offer special programs designed specifically for retired people such as discounts on utilities, hospital services and flights.
Storymap compliments of Easy Life Cover