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Planning to Retire Overseas? What You Need to Know

Planning to Retire Overseas? What You Need to Know

You have worked hard your whole life, and now it's time to stop, relax and make time for yourself! Retirement is an exciting time for most people as it is the start of a new chapter in life when you can pretty much do anything your heart desires. Some people take the plunge and move overseas. Planning your retirement can be fun but sometimes a bit confusing - especially if you wish to relocate to another country. Here are some quick tips to give you some guidance on how to have a fulfilling retirement.

Where Do You Want to Live?

Have you always wanted to retire to the warmer climes of Australia? Live in the mountains of Austria or a villa in Spain? When planning your retirement, the first thing you should decide upon is where you want to live.

Switzerland, Australia, New Zealand, and Canada frequently top the list of most popular places to retire to as they have relatively low crime rates, pleasant climates, and thriving economies. It makes sense to do plenty of research about the country that appeals to you the most.

You will also need to decide what type of property you want to live in. Do you wish to rent or buy? Would you like to be in a house, a flat or a retirement village?

Health

Everybody ages, and unfortunately, with age comes health issues. It is important to ensure the country you wish to move to has an excellent medical care service and that you will qualify to receive it. Once you have established where you will be living, you can book your flights, and you should also apply for health insurance from a reputable company such as Aetna International. Doing so will ensure you are covered for any medical issues or emergencies you may have during your travels and once you arrive at your destination.

Amenities and Entertainment

It helps if there are plenty of shops, transport links, medical centers, and entertainment venues close to your new home. As you age, you may find it more difficult getting around, so it helps if these things are easily accessible. If you need regular medical checkups, ensure you live near a highly regarded medical center. If you enjoy going to the cinema or play a sport, look for accommodation near suitable venues.

Socialization

If you are on your own or far away from family and friends, you may want to think about how you will meet people in your new home. Retirement villages are a great option if you are a sociable person and enjoy meeting new people and learning new things. They provide residents with a variety of activities, sports, and social events in a safe and friendly environment.

If you do not wish to live in a retirement village, look for groups or clubs in your local area. It helps to have a support network close at hand, especially if your family lives on the other side of the world.

 

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