Guide in Choosing the Perfect Places After Retirement
You should know the ways on how to choose the best places to retire today. Looking for best places to retire? Here in Retirement Planning IQ, I provide list of best places to retire in the world, best states, best countries to live during your your retirement. If you are looking for cheapest places to retire, you can start browsing information in this blog.
How to know if the place is the best place to retire? There are many questions about retirement planning, and one of it is where to live during your retirement years, where to spend the rest of your life. As a guide, here’s some of the things to consider when choosing the place for your retirement;
- Cost of living
- Desired lifestyle
- Taxes
- Retirement funds
- Community
How to Choose the Best Places to Retire?
The cost of living are different in each places. You should make a research and investigate first about the house cost, food, basic needs to a specific place before you decide to retire there.
If your desired lifestyle is simple living near in the beach. Make sure you choose some of the countries or places that you think it’s good for you. Some says, tropical countries in Asia are good places to retire. You can search Philippines, Thailand and Indonesia.
In Photo: Retirement by Herr Sharif on Creative Commons 2.0Consider taxation. Make a further research about the taxation system of a specific places (overseas, state, city, etc.)
The retirement funds should be enough to retire comfortably. If your retirement funds allows you to live in a simple home and simple lifestyle, don’t live luxuriously, unless you want to experience short of funds.
Further Reading: How Much Money Do I Need to Retire?
Choose which community you want to live in. Like for example, if you are living in New York today, and want to retire in Asia, do you think you can enjoy the Asian cultures? Think about it. Or you will be more comfortable living in your own city.
Let me know your ideas and your favorite places to retire. What are other things to consider when choosing the best places to retire. Leave a comment below and share this with your friends.