If you’re planning to retire outside the United States, these are the 6 countries that welcome American retirees.
With the costs of retirement becoming higher and higher at home, tons of Americans are thinking about moving to developing countries to stretch their dollar to the fullest. But not every beautiful, tropical paradise is made for retired US citizens. Aside from the possibility of higher costs for staying as a foreign national, some countries do not provide long-term or permanent stay visas.
Fortunately, we have found the perfect countries that welcome American retirees with open doors and open arms. The countries we’ve listed on this article have created retiree-friendly policies – from special visas to budget-friendly costs of living to the friendliest of locals.
Read on to find out which country you should plan your retirement to – and don’t forget to check out our other article on the 11 Easiest Countries for Americans to Move to and Work.
If you have a pension of over $1000 a month, are willing to visit the country at least once every two years (that is, if you don’t want to live here full time), and are looking forward to special discounts on utilities, airfare, entertainment and what have you’s, Panama’s Pensionado visa may just be the perfect thing for you. It also helps that Panama is closer to home than most others on this list so the adjustment would be likely easier than a move elsewhere.