Nepal – the country of the Buddha and the Mt. Everest

Peace comes from within. Do not seek it without – Buddha

Retiring Abroad: 10 Great Places To Retire Overseas (PHOTOS)

Posted by Ram Kumar Shrestha on July 15, 2012



By Sara Gates

Retiring Abroad

Retiring abroad is a growing option for Americans.

When it comes to retirement, sometimes it’s all about location, location, location. While the U.S. has its fair share of beachfront property and rustic lodges to offer, there are plenty of exotic locales that may make more Americans consider retiring abroad.

The draw? Aside from beautiful scenery, the cost of living tends to be cheapertax burdens are sometimes lower, and thequality of health care can be quite good.

Some countries, such as Belize and Costa Rica, have no taxes on foreign retirement income, enabling U.S. citizens to receive their Social Security checks abroad without taxation. The sales and property taxes are also lower, so the monthly cost of living is much more manageable in places like Ecuador and Bali than in most retirement communities in the U.S.

That’s not to say retiring abroad is all mai tais on the beach. In many countries expats who are still American citizens can find themselves paying taxes in two different countries as they are still required to file for all profits earned in the states and abroad,CNBC reported:

“There are ways to claim credit for taxes paid overseas, but complicated tax laws in each country make the process difficult. Be prepared to spend time and money to get financial advice in both the United States and your destination site.”

CNBC and The Wall Street Journal also point out that certain countries may have barriers that make accessing your money harder, such as having difficulty opening up a bank account or waiting up to four weeks for Social Security checks to clear. AARP has a list of 13 questions to ask before retiring abroad.

Despite these caveats, there are a number of countries that make for great spots to settle down. Check out the gallery below for 10 possibilities. Don’t see your favorite spot here? Tell us where you’d like to retire in the comments.

 10 Great Places To Retire Abroad ×Sort by Ranking

        

Read the Article at HuffingtonPost

One Response to “Retiring Abroad: 10 Great Places To Retire Overseas (PHOTOS)”

  1. U truly made a handful of great items within
    ur posting, “Retiring Abroad: 10 Great Places To Retire Overseas (PHOTOS) Nepal –
    the country of the Mt. Everest and the Buddha”. I may wind up heading back to your
    web page in the near future. Thanks a lot ,Agustin

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