The worst reasons to retire overseas are fi
The worst reasons to retire overseas are financial and health reasons. If you’re moving overseas because you need to be in a country where it’s less expensive, that sets you off to a bad direction. If you’re moving overseas with the primary reason of a lower cost of living, you need to be careful.
Many retirees move overseas for a lower cost of healthcare. When you move overseas for healthcare, you need to understand that the quality of healthcare is typically lower than in the US, and the US healthcare that you may have through insurance or Medicare probably won’t work abroad.
You should be retiring overseas because you want to explore the world and its different cultures. Don’t retire overseas because it’s going to save you money or because you can get cheap healthcare. Generally, it would save you money, but if that’s your primary reason for retiring overseas, that’s one of the worst reasons to do so.
If you’re retiring overseas, you have to love and enjoy where you’re going, and you have to want to immerse yourself in that culture. If not, you would be miserable spending half as much money in the US, but you would still be miserable.
(Ross at the Colosseum in Rome, Italy, pictured.)