This article is a guide through the process of asking the right questions about retiring and living abroad. It also provides a look at some regions retirees have chosen. Numerous books, travel guides and websites promote the advantages and ease of living outside the USA and Canada, but the current recession has opened opportunities for those who may never have thought of living overseas as an opportunity. Older Americans, who desire to start their retirement living early, have prospects not before available.
What Is Early Retirement?
It's an indescript phrase that’s age dependent! In general it’s the act of retiring prior to normal retirement age. Billy and Akaisha Kaderli, who successfully retired in 1991 at the age of 38, wrote in their e-book, Adventurer’s Guide to Early Retirement, “Early retirement is a lifestyle, not a vacation.” Author and former expatriate English teacher, Celeste Heiter, wrote in her book, Ganbatte Means Go for It, “It’s a massive leap into the unknown – mentally [and] emotionally.”
What It Takes to Live Abroad?
Heiter, argues, “Whatever your dream, now may be the time to go for it, but….it is crucial that you take a thorough personal inventory to ensure that you have what it takes….” African and Southeast Asian volunteer John P. Seely wrote in Transitions Abroad, “Living abroad is not for everyone….Before you make a decision, determine your motives for wanting to go.” Good advice but exactly what does it take?
It is different for each individual. For Transitions Abroad, Heiter created a 16 question test. While designed for the overseas worker, all but the first question has relevance to those who will retire abroad. Pensioners can determine whether retiring abroad may be considered.
Early Retirement Lifestyle
Early retirement is best understood as a lifestyle. Kaderli wrote, “….You, by your decision to retire, have challenged and threatened [other’s] decisions….” Some retirees continue to work part time, volunteer or change professions once retired. Some choose to downsize homes, cars and life patterns while others still travel or engage full time in hobbies. All of these financial considerations and activities have become cheaper and easier when overseas; thereby, creating the opportunity to retire early.
International Opportunities for Retirees
World economic turmoil, Heiter’s questionnaire and an understanding of retirement as a lifestyle may drive the retiree to great places.
- Europe – has seen the worst of the world’s recession. Foreclosed properties have sold at record lows with villas in Costa del Sol, Spain selling for 60% below valuation. Turkey, Portugal, Spain along with newcomers Croatia, Montenegro and Bulgaria offer great deals and ideal climates for expatriate retirees.
- Asia –as a group has varying economies. Japan, South Korea and Taiwan suffer significantly from falling exports; however, Thailand, China and India continue to offer great opportunities for the retiree. With a low cost of living and great demand for volunteer and professional expertise, prospects abound.
- Africa – is less affected directly by world economics, but has seen a large loss of aid and volunteerism. Stable nations like Tanzania, Botswana and Tunisia offer inexpensive living in climates ranging from Mediterranean moderate to Sub-Saharan tropical.
- Middle East – is seldom considered a retirement location but does tender great benefits to adventurous pensioners. Kuwait, Bahrain, Qatar and the UAE offer ultra modern living in warm environments. Dominated by expatriates, in some cases 10 to 1, these countries, where English is widely spoken, provide a haven for retirees.
- Central & South America – has long been a retreat for North Americans. Panama, Costa Rica and Belize provide inexpensive living among large established communities. Yet, growing economies in Argentina and Brazil have opened new locations for the next generation of pensioners.
 |
 |
 |
