Perhaps you want to retire abroad, but are not sure where to go. Or maybe you’d never relocate overseas, but are just curious which countries and communities the experts say are the winners.
Either way, you’ll want to know about the two new 2016 rankings from global retirement raters International Living (IL) and Live and Invest Overseas.
The places on both lists of where to retire abroad are heavily Latin American, but there are some notable differences, especially the No. 1 picks: Panama (says International Living) and Algarve, Portugal (says Live and Invest Overseas). In fairness, Live and Invest Overseas ranked City Beaches of Panama No. 12 and International Living ranked Portugal No. 10.
That doesn’t mean one list is correct and the other’s bogus. It simply means there are different ways to rate retirement places. So if you want guidance from an expert in selecting your ideal retirement spot, you first need to see whether your priorities align with that rater’s.
International Living Best Places to Retire 2016
International Living takes a quantitative approach to its annual list. The staff culled and crunched data in 10 categories from cost of living to “fitting in” for 23 countries in Latin America, Europe and Asia (Peru was added this year; it’s ranked No. 15). Two of the categories are new: Visas & Residence (the ease of getting a residence visa) and Healthy Lifestyle. Ultimately, International Living came up with the following Top 10 for 2016 — six countries in Latin America, two in Europe and two in Asia:
1. Panama 2. Ecuador 3. Mexico 4. Costa Rica 5. Malaysia 6. Colombia. 7. Thailand 8. Nicaragua 9. Spain 10. Portugal
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