This article points out some of the advantages and disadvantages of retiring abroad. Most Americans spend their retirement in the United States, but there are a growing number of retirees who are choosing to settle in another country. Some of the advantages of retiring abroad might include a lower cost of living and a chance to enjoy new experiences. The disadvantage might involve being in a country without the same sort of networks of friends and professional associates that would exist at home. People who choose to retire abroad might have to make new friends and could face a situation of not having anyone close around when something goes wrong. There could also be tax implications for retiring abroad which are discussed in this article. It is important for people to think about their own personal goals and situation when making a decision about where to retire.
See Jean Folger, Retirement: U.S. Vs. Abroad, Investopedia, April 14, 2016.
