Thinking About Retiring Overseas? It's More Than a Matter of Money Jeff Wuorio - Deseret News
go to original May 22, 2015

Expert Advice on Moving Abroad: The International Living Guide to Retiring Overseas on a Budget (International Living)

Older Americans are increasingly retiring in a foreign country. But it's not for everyone, so here's an introduction to see if it might suit you.

Overseas retirement can be a difficult topic to quantify. The Social Security Administration now sends more than 600,000 checks to retired expatriates, up 57 percent from 2000, according to Peddicord.

“I’d estimate that the number of Americans retired overseas is multiples of that, including retirees who spend part of each year in another country,” she added.

In addition to lengthening life expectancy — fast approaching an average of 80 years — older Americans have a growing interest in and comfort level with an environment that prior generations might have wholly rejected. “Today’s retirees are better educated, better traveled and healthier than any generation before them,” Peddicord said.

But retiring overseas isn’t a one size fits all proposition. It’s essential to know your limits, do as much advance homework as possible and approach the idea with an open mind.

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