In the world’s best-value retirement destinations, baby boomers report they can improve their quality of life, lower their stress levels, and live comfortably in safe, beautiful, warm-weather communities on a budget of less than $2,000 a month.
“No question, in the U.S. there exist wonderful cities and towns that provide a rich quality of life for retirees and don’t, perhaps, cost as much as many bigger cities do,” says Jennifer Stevens, executive editor of International Living.https://www.internationalliving-magazine.com/index.html
“However, even though these places may represent good value when compared to San Francisco or New York, those values pale in comparison to what you can get on the same budget in the right places overseas, where dollars stretch two, three, sometimes as much as 10-times further.
Beyond our borders in places as diverse as Nicaragua, Mexico, and Vietnam, for instance, retirees can live large on a Social Security income alone.
Prices are lower overseas for all kinds of things — from housing to food to medical care, according to an International Living report.
“I can’t believe the low cost of medical care, dental care, and prescriptions,” says Florida-native Diane Murray, who now lives in Cancun, Mexico. “The prescription costs are about one-third or less the cost in the States.”
“The medical care here is so inexpensive that we just pay out-of-pocket for prescriptions and regular appointments. My husband, Don and I both had some dental work done and saved about 70 percent over the costs in the States.”
In Puerto Vallarta, the low cost of living means Jack Bramy’s quality of life has improved immensely when compared to the way he lived in the U.S.
“I have a much better lifestyle here than I ever did in the San Francisco Bay Area. My rent alone, for a comparable apartment in San Francisco, would be around $4,000 a month. Here I spend under $2,000 per month—for everything.
“Life is good here. Lots of entertainment options. Restaurants in Puerto Vallarta are excellent. I go out often to the more upscale spots. The average meal, say a filet mignon steak, and a couple of martinis, runs under $25. I lease a two-bedroom fully furnished apartment a half a block from the beach in a desirable neighborhood for about $625 per month.”
Read the entire story at 401(k) Specialist.
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