Retirement is an exciting and transformative period of life, allowing seniors to explore new interests and enjoy the fruits of their labor. As many retirees look forward to this new phase, one crucial question they must consider is where to retire.
While there is no one-size-fits-all answer, some countries are better suited for seniors than others, depending on their preferences, lifestyle, and financial situation.
We’ll attempt to explore which country is best for seniors to retire and the activities and services available to retired seniors in other countries.
According to the Global Retirement Index 2021 by International Living, Portugal is the best country for seniors to retire.
The index, which assesses factors such as healthcare, cost of living, climate, and infrastructure, ranks Portugal at the top due to its excellent healthcare system, affordable cost of living, and high quality of life.
Portugal also offers a Golden Visa program that grants residency to retirees who invest at least 500,000 euros in real estate. This program allows retirees to live and work in Portugal and travel within the Schengen Area without a visa (Portugal will end golden visas for non-EU citizens).
Other countries that rank highly on the Global Retirement Index include Panama, Costa Rica, Mexico, and Colombia. These countries offer affordable cost of living, excellent healthcare, and a welcoming culture. For instance, in Panama, retirees can enjoy tax incentives, discounted airfare, and free access to public transportation.
Costa Rica offers a stable democracy, a high standard of living, and a warm climate, while Mexico provides retirees with a low cost of living, vibrant culture, and affordable healthcare.
Apart from these countries, several other destinations provide attractive retirement options for seniors. For example, Thailand is a popular destination for retirees due to its low cost of living, excellent healthcare, and welcoming culture. Seniors can take advantage of the country’s picturesque beaches, ancient temples, and bustling markets.
Malaysia is another country that offers affordable living, world-class healthcare, and a diverse culture. Retirees can enjoy the country’s tropical weather, stunning scenery, and friendly locals.
In terms of activities and services available to retired seniors, many countries provide ample opportunities for leisure, socialization, and cultural enrichment.
For example, seniors in Portugal can take advantage of the country’s warm climate by participating in outdoor activities such as golfing, hiking, and cycling. The country also boasts a rich cultural heritage, with museums, theaters, and art galleries offering endless opportunities for exploration and learning.
In Panama, retirees can enjoy a range of activities such as fishing, boating, and golfing. The country also offers excellent healthcare facilities and an affordable cost of living, making it an ideal retirement destination.
Costa Rica provides retirees with numerous opportunities for adventure, such as hiking, surfing, and zip-lining. The country’s stunning natural beauty and biodiversity make it a popular destination for eco-tourism.
Mexico is known for its vibrant culture, and retirees can participate in cultural activities such as music festivals, art exhibitions, and traditional celebrations. The country also has a rich history, with ancient ruins and colonial cities providing opportunities for exploration and learning.
Thailand is another country that offers endless opportunities for cultural immersion, with temples, festivals, and markets providing a window into the country’s rich history and traditions.
In closing, the best country for seniors to retire depends on their individual preferences, lifestyle, and financial situation. As such, retirees should consider their options carefully to find a retirement destination that suits their needs and allows them to enjoy their golden years.