Affordable Baby Boomer
Boomers are Stretching their Income by Retiring Abroad
With our busted economy and increasing costs, it is difficult for the typical Baby Boomer to comfortably retire in the United States unless you have a monthly guaranteed income of several thousand dollars. But what if you could retire to an area where a relaxing lifestyle can be enjoyed for just $1,200 monthly, or you can live very well (with maids and gardeners) for, say, $2,500 monthly? Interested?
Obviously, you probably won't find these places within the United States. Moving to another country where the cost of living is lower offers substantial benefits for those without a large financial nest egg. Life can be good...very good.
American enclaves often exist for those who are afraid of cultural shock and language barriers. Health insurance and medical facilities are good. Financial matters are easily handled. Internet and phone service are uninterrupted. Climate and scenery are outstanding. The recreational activities you enjoy are readily available. Safety is not a major concern - crime is typically less than in major U.S. cities. And you are just a plane ride away from family and friends in the United States.
But it takes an adventuresome personality to move abroad. And we advise not purchasing property until you have lived in your selected location for at least a year. There are a lot of considerations, but even on a low, fixed income it is possible to retire like royalty. A good site to get real-world information about retiring or investing overseas Live and Invest Overseas.
We have researched areas popular among American retirees. The Caribbean and countries south of the border currently offer the best locations for Boomers with limited savings or on a fixed income to retire. These choices also have the benefit of fast access to the U.S. for visiting relatives and friends.
Where You Could Retire Today On Your Social Security Income Alone
The average Social Security payment in the United States is slightly less than US$1,200 per month. If you qualify for Social Security, you can receive your monthly payment almost anywhere in the world. You can even have it direct-deposited to your overseas account in many countries. Then, Social Security check in hand, even if you have no other retirement income whatsoever, you could retire quite well in seven places our editors have identified.
The World's Most Affordable Places To Retire...
It's Easier Than You Think...
Launching a new life in a new country can be easier than you might ever imagine...when you break the adventure down into steps.
Are you ready to make a new life for yourself somewhere beautiful, sunny, inviting, exotic, adventure-filled, and supremely affordable?
More than 5 million people just like you have done it already. You can join them this year.
How do you retire overseas?
Affordable Retirement Locations for U.S. Baby Boomers
Here are some countries south of the border that you should evaluate for overseas retirement or investments. There are, of course, pluses and minuses to relocating to these countries to enjoy a comfortable retirement. Click on one of the links below to learn more:
Have you retired outside the U.S.? Tell us your Story and
we'll publish it here on the Baby Boomer Lifeboat website!
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