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Cheapest Places to Retire in the World

Cheapest Places to Retire in the World

If you are looking for the cheapest places to retire, then you have come to the right place. This article tells you about some of the best retirement destinations that are affordable and enjoyable as well.
Geeta Dhavale
With recession, inflation, and a dead-end economy when you take a look at your savings, you must have realized how difficult the future could be. Well, this feeling would be much stronger if you are nearing retirement. With this feeling, along with the financial crunch, you might have to come up with some unique retirement planning options. There are lots of options when it comes to places to retire in the United States, but there are even better ones in the world where you can start your second innings of life and enjoy it too. This article will tell you about some of these cheapest places in the world, that will help you save a lot of money without compromising on your standard of living.

Cheap Places to Retire

Costa Rica
How about living in Switzerland with almost no expenses? Well then, you have to go to Costa Rica which is endowed with scenic natural beauty that gives you an opportunity to live peacefully for the rest of your life. It is known as one of the cheapest places to live in the world. The transport and housing is economical, and you may also avail some tax benefits there.

The Bahamas
Are you looking for a relaxed lifestyle with sunbaths, water sports, and a beach life? Then, the Bahamas is the best place for you. If you always wanted to surrender your life to the magnificence of the ocean, then this exotic yet cheap place is the ideal option for you. One of the reasons why Bahamas is amongst the best places to retire is that their government has many special policies for people planning to retire here. You can definitely lead a happy life here.

People who were always in love with Europe have the best possible option of retiring in Romania. It is one of the cheapest places to retire with low-cost accommodation, restaurants, and nightclubs. If you are a nocturnal, then you also have the chance of enjoying inexpensive nightlife every time you wish to do so. Surrounded by neoclassical architecture, you are sure to have a great life here.

If you want to live in a small town and serene country, then Belize is one of the best options. Apart from the sun, beaches, and scenic beauty, you have the chance of getting some financial benefits here. You can lease properties from the government, develop it, and then buy it for a cheaper price. So, save some and earn some more money after retirement by living in Belize.

Want to revive the history of Plato or Aristotle in a historic atmosphere? Then Greece is the option for you. If you love parks and museums, then come over here. You can buy property, and daily goods and services are relatively cheaper here compared to the United States. This will bring down your cost of living, thus, saving a lot for the future.

Mexico is one of the cheapest places to retire. It is enriched with vibrant Spanish culture that Mexicans are keen on preserving. You can avail all the modern amenities, such as hotels, restaurants, banks, and lots of areas to shop and enjoy. The climate is pleasant and medical treatment is inexpensive. How about learning some Spanish now?

Living cost in all the above countries falls somewhere between USD 1,000 to 1,500 per month, which is just a fraction of what you need in the United States. The cost is obviously subject to your needs, wants, and lifestyle. Apart from the above, you can also try Arizona, Panama, Poland, Czech Republic, Croatia, etc. However, before you select any place, it is essential to think about your convenience and the kind of services the city provides you with. A city must have good health care facilities along with low crime rates to ensure a safe and worry-free lifestyle.