If you have ever thought about retiring or travelling abroad, you may unfortunately think you won’t be able to because of the cost. This article will outline some affordable places you can go, which will hopefully motivate you to start or continue saving for your retirement. The average person usually doesn’t end up saving that much for retirement, however, if you did, you could start travelling or living in these beautiful places.
Beach Paradise, Belize: Even though you may be thinking that Belize is expensive to travel to or live in, it is actually fairly manageable. If you had a budget of $2,000 per month, you could easily settle down there for your retirement.
Beauty Wonderland, Spain: When you think of Europe, most of us believe that it’s not cost efficient whatsoever. There are parts of Spain that are incredibly beautiful and more affordable than you are expecting.
Comfortable City, Panama: You could retire to Panama with a budget of $1,300 a month and live comfortable in this tropical region. The weather is warm and dry all year round and is a country that has one of the best quality of life in the world.
Diverse and Tropical, Thailand: There are parts of Thailand that are away from the tourist areas that can have you paying rent for $400 a month, and have you living like a king/queen. Whether you want to be near the beach or the jungle, Thailand has it all.
Mediterranean Culture, Turkey: If you are looking for something more scenic that is an affordable place to live, Turkey may be the best choice. You could purchase a quality apartment in Turkey for probably $40,000 or under.
Serene Bliss, Malaysia: A beachside retirement home where you can soak up the sun and lay on the beach may be something that you definitely want to look into and in Malaysia, the cost can be cheap. You could live on $1,700 per month easily, with a great health care system.
If you’re thinking about what you want to do when you retire, make sure that you still consider travelling and living abroad because it is affordable. If you haven’t started saving for retirement, hopefully these places have sparked your interest to start because you could be living in one of these countries in the future.
Disclaimer: The above information is general in nature and not intended to be financial advice. You should consider seeking professional advice before following any suggestions in this blog/website.