The wanderlust of retirees sometimes turns into actually wanting to sink down roots in a foreign clime. The ever-wise Rick Kahler, who heads Kahler Financial Group in Rapid City, S.D, informs us how to do this:
The recent presidential election was the most contentious and polarizing in modern history. In the past it hasn’t been unusual to hear people say, “If so-and-so is elected I am leaving the country,” but I’ve rarely seen anyone actually act on that threat.
I have a hunch that since this election more people than ever will seriously consider the option of leaving the U.S. In fact, according to InternationalLiving.com, there was a 160% surge in searches for terms like “move overseas” and “expats overseas” the day after the election. Canada’s immigration website reportedly crashed on election night.
This new impetus to leave the U.S. aside, the trend to retire overseas was already underway. The Social Security Administration already sends over 660,000 checks to U.S. citizens living outside our borders. Retirees are looking to foreign locales for lower cost of living, especially more affordable health care, and warmer weather.
If living abroad appeals to you, the editors at International Living recommend five retirement havens that you may want to seriously consider.
Mexico is a great place to live when it comes to stretching your dollar, as the exchange rate today is 20.07 pesos to $1. Combine that with already low costs for real estate, food, restaurants, entertainment and transportation, and a retired couple has the spending power to live very well on around $1,800 a month. Many expats choose to live in Mexico’s Colonial Highlands. Three popular towns in the region are San Miguel de Allende, Querétaro and Guanajuato.