Best Places In The World To Retire

There are lots of lakes in Mexico. One of the most remarkable lakes here is the one in Valle de Bravo. One of the biggest lakes in South America is Lake Chapala. Another beautiful lake the tourists love to frequent is Lake Pátzcuaro in Tequesquitengo, which is near Mexico City. There is a lagoon in this area that’s called Laguna de Bacalar, which is just amazing. The water there is a crystal clear blue as if you were in the Caribbean. That lagoon is just very beautiful.

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There are lots of lakes in Mexico. One of the most remarkable lakes here is the one in Valle de Bravo. One of the biggest lakes in South America is Lake Chapala. Another beautiful lake the tourists love to frequent is Lake Pátzcuaro in Tequesquitengo, which is near Mexico City. There is a lagoon in this area that’s called Laguna de Bacalar, which is just amazing. The water there is a crystal clear blue as if you were in the Caribbean. That lagoon is just very beautiful.

 

(Laguna de Bacalar, Quintana Roo,  Mexico, pictured.)

I personally recommend to live and retire in Pedasi. Lately Pedasi is developing amazingly. There is a new hospital that is soon going to be opened, which is very important for a place to retire and live, and soon there will be a shopping center as well.

 

Pedasi offers first-class infrastructure and provides everything you need for a relaxing day at the beach, or perhaps, more strenuous activities such as hiking, biking, horse-riding, boating, fishing,...

I personally recommend to live and retire in Pedasi. Lately Pedasi is developing amazingly. There is a new hospital that is soon going to be opened, which is very important for a place to retire and live, and soon there will be a shopping center as well.

 

Pedasi offers first-class infrastructure and provides everything you need for a relaxing day at the beach, or perhaps, more strenuous activities such as hiking, biking, horse-riding, boating, fishing, and surfing. There are restaurants and hotels fitting every pocket, and a growing number of amenities and facilities for day-to-day needs. There is even a new recommended project in Pedasi to retire (pictured above). 

If you are U.S. citizen with foreign earned income and are (or will be) a bona fide resident of a foreign country for any entire year, or physically present in a foreign country for no less than 330 days during a year, then you may qualify for the "Foreign Earned Income Exclusion" as allowed by the Internal Revenue Service (IRS):

 

Advantage to Working Abroad - The Foreign Earned Income Exclusion

If you are a U.S. citizen or a resident alien of...

If you are U.S. citizen with foreign earned income and are (or will be) a bona fide resident of a foreign country for any entire year, or physically present in a foreign country for no less than 330 days during a year, then you may qualify for the "Foreign Earned Income Exclusion" as allowed by the Internal Revenue Service (IRS):

 

Advantage to Working Abroad - The Foreign Earned Income Exclusion

If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is now adjusted for inflation:

In addition, you can exclude or deduct certain foreign housing amounts.  You may want to research or inquire about IRS form 2555 for more information.

 

Disadvantage to Retiring Abroad - Receiving SSI and Medicare

Although you should still be eligible to receive Social Security (SS) irrespective of where you live, if you are a U.S. citizen and move offshore Supplemental Security Income (SSI) and Medicare payments will cease to be paid.  SSI is taxpayer funded program which assists the blind, elderly, low income and disabled and is not available to U.S. citizens living abroad.  Likewise, Medicare provides no coverage overseas but may be available for those who are living in a foreign country for an undetermined period of time and have plans to return.

 

As with any tax matter, it is always advisable to seek the competent advise of a tax professional.

 

In my opinion, one of the best places to live and retire is in Portugal is Cascais. Cascais is just half an hour away from Lisbon, which is the capital of Portugal. Within a radius of 50 kilometers (about 31 miles) from Cascais, you will find beaches, golf courses, castles, top class clinics, international schools, etc. You have everything that you need and want within a radius of 50 kilometers.
 
The Algarve is a little more spread out over a 100-kilometer (a little over 60...

In my opinion, one of the best places to live and retire is in Portugal is Cascais. Cascais is just half an hour away from Lisbon, which is the capital of Portugal. Within a radius of 50 kilometers (about 31 miles) from Cascais, you will find beaches, golf courses, castles, top class clinics, international schools, etc. You have everything that you need and want within a radius of 50 kilometers.
 
The Algarve is a little more spread out over a 100-kilometer (a little over 60 miles) coastline. From the Spanish border all the way to the western tip of Portugal, you will find that Algarve is divided into four centers. One of the best places to live in Algarve is Quinta do Lago, which is probably the most affluent place in the Algarve. It is for the really wealthy people, a bit like Monaco in Spain except that it is not a tax haven. Quinta do Lago has some enormous properties and so the wealthiest of the wealthy that want to retire in the Algarve would typically go to Quinta do Lago. 
 
As you move further east, the prices come down. Vilamoura is also a very nice upmarket place to live in the Algarve. It has world-class golf courses and an excellent marina for sailors. Moving westward from Vilamoura, you will find Alvor and then Lagos, which is the last of the really nice places to live in Portugal before you get to the western tip of the country.

 

(House in  Vilamoura, Portugal, pictured.)