An overseas retirement is something that an increasing number of us dream of. The increased access that we all have to affordable travel options has made the wider world a much more accessible place, and as a result a retirement abroad is becoming a reality now for thousands of people every single year.
Some of us go in search of better weather, others in search of an improved standard of living, some move to enable their savings and pension to go far further, others just relocate to a nation they have long wanted to live in.
If you too are wondering whether you should reach for the stars and expand your physical as well as emotional horizons and go overseas when you retire, there are two very critical aspects of any move that you have to have well covered. If you have these two aspects sorted, your new life overseas will stand a far higher chance of being prosperous, pleasurable, healthy and ultimately happy.
How to Stay Healthy When You Retire Abroad
Before you relocate to your chosen nation you need to make sure that there is a decent level of health care available. If not, you need to make sure you have enough in the bank or a decent insurance policy that will repatriate you in the event that you fall ill. Additionally, you have to think about affording healthcare, and also affording any long-term support that you or a partner may need as you age and perhaps require a bit more help day-to-day. You should examine health insurance options, affordability of care, your entitlement to support and how you will ensure that you have done all you can to protect yourself should you one day need support.
In addition to taking these measure, you may like to think about how you can live a healthier lifestyle when you move abroad in retirement. The whole point of retirement is having time to finally enjoy life! You will have worked hard for so many years, so now you can have time out to do all the things you enjoy. As a direct and positive consequence of having more time on your hands, you can perhaps have more time for a sport that you enjoy. Perhaps the climate in the nation you move to will also be more conducive to outdoor activities and you can take more exercise that will naturally promote healthier living.
Many sunny countries are hot retirement destinations abroad – they offer a great climate for swimming, walking, golfing and relaxation – and on the other hand they offer a great climate for the growing of fresh fruits and vegetables. Such items should be on any healthy retiree’s shopping list for the enhancement and development of good health!
Staying healthy when living abroad needn’t therefore be any sort of effort – it can be a pleasurable and positive consequence of living in a country where the weather is better and the lifestyle is therefore improved naturally.
How to Stay Wealthy When You Retire Abroad
Getting your money matters in order before you move abroad is essential if you want to know that you can afford a good quality of life in retirement overseas. Money is the number one issue that people have when they move abroad – because a relocation is costly, and anything and everything from dodgy exchange rate fluctuations to having unexpected tax bills can eat into savings that are vulnerable when you’re not working.
You therefore have to work very hard to a get a solid grasp on money matters before you relocate. Determine what the cost of living will be like, look at how much housing will cost, find out about taxes and look into the realities of moving your savings and investments offshore for legitimate potential tax breaks and/or enhanced interest earning or investment opportunities.
Get money matters well in hand ahead of a relocation and you will be able to relax, comfortable in the knowledge that you’ll not face any unexpected upsets to your financial security once you’re living your chosen lifestyle overseas. If needs be, speak to a qualified international financial adviser or accountant to get the critical advice you need, and to learn about the positive money options you may well have once you leave behind your current country of residence. 프리미어중계