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The 1. 0 best places to retire abroad. As the memories of the warmth and carefree air of a British summer fade, many. Ian Cowie. Factors taken into account included. Malta. As one of the smallest states in the world, Malta is also one of the most.

With two grown kids out of the house, John and Stephanie Eberle agree it's time to downsize and look for the perfect place to relax as they enter retirement. Here's What You Need to Know.

With more than. 3,1. C and English as. Britons flock. to the Mediterranean archipelago.

Boomers Want to Retire to the Country. A 2014 Better Homes and Gardens® Real Estate survey had some surprising results. When asked which type of community Baby. 6 cheap places to retire abroad. While most retirees gravitate to sunny destinations like Florida and Arizona, or states with low tax burdens like Wyoming and South. The 15 Best Countries To Retire To In 2014. Retirement abroad requires careful planning. Check Visa and Residency Requirements. Immigration and residency laws differ greatly from country to country.

These cities have a low cost of living and plenty of retirement amenities. The South Pacific island-nation of New Zealand is seen as the best country offering a comfortable retirement, followed by neighbor Australia.

An interest in history would help.

Best Countries and Places to Retire to in 2. Retiring abroad is a trend that's not going away anytime soon. More than a half a million people are currently living outside the United States and collecting some form of Social Security benefits, according to December 2. Social Security Administration (SSA). What's more, more than a third of Americans say a move outside the U. S. Between the ever- rising cost of living and the difficulty of amassing sufficient retirement savings, it's small wonder that many Americans are looking ahead to retiring somewhere cheaper – and, perhaps, warmer.

That's why we're always interested in International Living's Best Places to Retire annual list. The 2. 01. 7 study is based on 2.

Retiring To Australia From Usa

Also considered on the publication's 1. International Living says that .

State Department Travel Warnings and mention any key findings below. The world being what it is, street crime is a problem in all the countries, as it is in the United States. But some have other issues you should know about. Here are this year's picks – along with a step- by- step scenario for settling in foreign lands.

Mexico. After reaching third place last year in the rankings, Mexico jumped to number one, just edging ahead of Panama. More than a million Americans live in Mexico, enjoying its lower cost of living, sunny days and proximity to the States. The weaker peso and strong dollar have made the cost of living even more appealing this year. Besides rock- bottom rent prices (Mexico’s housing market remains largely depressed from the The Great Recession) and high- quality, reasonably priced healthcare, seniors age 6. INAPAM Card, which helps savings stretch even further. Mexico does still have issues relating to crime in certain states.

Click here for the U. S. State Department's Travel Warning, dated April 1.

Mexico requires most immigrants to live in the country for up to five years before applying for dual citizenship, but the wait is as little as two years if you are a direct descendant of someone born in Mexico or in any Latin or Iberian country. Having Social Security or savings will qualify most American would- be expats for residency. For more, read How Much Money Do You Need to Retire in Mexico? Panama. Panama dipped down to second place this year (it claimed the top spot in 2. Pensioner discounts allow those living on Social Security to enjoy lower prices while not sacrificing the proximity to the States. Panama ranked 1. 00 of 1. What's more, having the Panama Canal brings a high level of infrastructure and a broad international mix of people to the country that makes it especially easy for expats to fit in and feel comfortable.

About 2. 5,0. 00 Americans do so now. Panama also may have the world’s most enticing deal for American retirees. To qualify for Panama’s Pensionado Visa Program, you need only to prove that you have a minimum lifetime income of $1,0. There isn’t even a minimum age.

Once you have your pensionado identity card, you can flash it to get a 5. The government even waives import taxes on the belongings you bring into the country. Panama has other visa programs that do, but they are aimed at entrepreneurs and investors. Ecuador. Most people know that Ecuador’s located on the equator, but they don’t realize that the location makes its weather incredibly stable year round. A range of altitudes – from the Amazon Basin to the Andes Mountains – provides climate variety. Ecuador is home to a variety of man- made environments, too: modern cities, quiet villages, swank beach resorts. The Galapagos Islands are 6.

The country’s westernmost city and largest coastal resort is Salinas, with oceanfront living, open- air markets and abundant restaurants. A couple can retire well on about $1,5. Health care is affordable, and expats can choose from several local clinics, or travel to Guayaquil – about a two- hour drive – for a modern hospital. Somewhere between 5,0.

American expats live in Ecuador. Costa Rica. Costa Rica is a popular vacation spot for many Americans, but many are finding enough reasons to stay year- round. For the active set, there are also lots of adventure activities, including whitewater rafting, canopy tours and nighttime rainforest hikes, to name a few. Cheap rentals (less $1,0.

The country sits within the tropical zone so residents enjoy a tropical climate year- round. Parks and protected areas – which cover about 2. Costa Rica’s land area – help protect the country’s extensive biodiversity. It's easy for most retirees to get residency permits and the healthcare rates second to best in the IL survey – 9.

Costa Rica ranks as one of the safest countries in Latin America, too. Colombia. Couples can live more than comfortably in Colombia on less than $2,0. What's more, it's in the eastern time zone and Florida is just three hours away by plane.

Colombia’s place on this list might surprise people worried about its history of drug cartel violence, but its decreasing crime rates mean it’s a generally safe destination for vacationers and retirees. Despite this (and recognizing the improvement), the U. S. State Department still issued a Travel Warning for Colombia on April 5, 2. Malaysia. As the only Asian country on the list, Malaysia offers high- quality food, four UNESCO World Heritage sites and a frugal cost of living. It's also one of the few places in Southeast Asia where you can buy property freehold (Hong Kong and Singapore are the other two, says International Living). And it rates top of the survey (9.

Retire in Malaysia with $2. Savings? State Department has security information, but no Travel warning for Malaysia. Containing about 8,0. Americans, Malaysia is also home to lots of British and Australian citizens, so English- speakers won't feel isolated. The 1. 8th- century city of George Town is a top pick for retirees, with attractions that include a dozen museums, jungle parks with secluded beaches and amusement parks. Expats get together regularly for club activities, healthcare is first rate and public transportation is modern and efficient.

Spain. Spain claimed ninth place last year, but has increased its rankings this year. Travel within Europe is inexpensive, and if you live within a smaller city, your dollars will go far. How Much Money Do You Need to Retire in Spain?

At 9. 8, Spain topped the list for infrastructure and rated 9. As for security, the State Department notes that .

Nicaragua. A low cost of living, beautiful beaches and relative closeness to the U. S. Only Cambodia (9.

Nicaragua (9. 7). In recent years the country has become more comfortable and modern, though there are still problems with crime and security, as well as an . Portugal. If you want to be close to Spain but spend even less money, Portugal is a perfect pick, and relatively undiscovered Around 2,0.

U. S. The other occupant of the Iberian Peninsula offers potential retirees a comfortable lifestyle, complete with sandy beaches and mountains (only a few hours apart!) and ample amounts of seafood. Low real estate prices make it easy for a couple here to afford a middle- class lifestyle, even living on a budget. At 8. 2, Portugal has the lowest cost of living of the European countries in the International Living list (Spain is 7. Malta, 7. 7). How Much Money Do You Need to Retire in Portugal? Portugal shares Spain's citizenship privilege to Sephardic Jews' descendents.

Malta. The European island chain of Malta, located in the Mediterranean between Sicily and North Africa, is a hidden treasure. Retirees can expect 3.

It's a quick flight to Paris and a three- hour ferry to Sicily. Healthcare is excellent and cheap, and Malta rated the highest of the group (9. One reason: English is one of the country's two official languages, along with Maltese. Malta belongs to the EU and shares the same security issues as Spain and Portugal. Some More Popular Places to Retire. In addition to International Living's list, there are lots of sources advising retirees where they should go if they decide to relocate abroad. But where are retirees actually flocking, based on where they collect their Social Security checks?

The answers just might surprise you. Here, in order of popularity, are the five countries that are seeing the biggest influx of Social Security recipients who prefer retirement on foreign shores. We've already discussed Mexico's advantages. As for the others: While life in capitals like Tokyo or London can be quite pricey, housing and other fundamental aspects of the cost- of- living in smaller towns and in the countryside is often lower than in the U. S.– especially when you factor in the universal healthcare many of these countries offer. Familiarity also explains the popularity of some countries: Large numbers of U.

S. Check Visa and Residency Requirements. Immigration and residency laws vary from country to country. You can review the Department of State’s country specific information to find out if you’ll need a visa to enter and reside in the country to which you’re hoping to move. Other useful information is listed on the website as well, including passport validity, recommended and required vaccinations, and currency restrictions for entry and exit. Research Safety and Political Stability. The U. S. State Department website provides up- to- date information about how safe and stable various countries are.

At times, there will be travel warnings and alerts about specific locations – or, rarely, the U. S. The information is updated regularly, as needed. As a foreign national, you may encounter travel restrictions in certain countries.

Remember that while in a foreign country, you are subject to its laws. Determine Rules of Foreign Ownership. Many countries have rules and regulations as to who is permitted to own property, and how the property can be used (some countries restrict foreign ownership altogether).

Before you decide on moving to a country, investigate its restrictions in detail and make sure they work with your finances and plans. Your best information source is a local real estate agent.