The idea of retiring abroad holds a certain allure: great weather, new experiences and a fresh perspective on life. And then there are the living costs: living abroad can be a way to cut expenses dramatically.
How dramatically? My guest on the podcast this week, Dan Prescher, is the co-author of The International Living Guide to Retiring Overseas on a Budget: How to Live Well on $25,000 a Year.
Prescher is senior editor of International Living, a magazine and website that can be a terrific resource for anyone thinking about retiring abroad. Dan and his wife Suzan have lived in four countries over the past 18 years as they research and write about the ex-pat lifestyle. International Living publishes an annual Global Retirement Index that ranks top destinations. This year, they also feature a break-out of the types of extra “benefits” retirees get in various countries, mainly big discounts on transportation, entertainment and the like.
But it’s important to understand that retirement abroad can be complicated. In this week’s podcast, I interview Dan about how to pick a location, along with implications for your finances, healthcare and more.
The in-depth interview is available to subscribers to the RetirementRevised newsletter, along with my analysis of key things to keep in mind if you are comtemplating retirement abroad. I’m making this shortened version of the podcast available for free.
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How to retire abroad