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Retiring Abroad – Everything you need to know

While it can be tempting to remain in your own home when you retire or temping to travel somewhere inside of your own country, it’s often more fun for you to take advantage of the fact that you have a lot of money and a lot of time, and can travel whenever and wherever you want. If you decide that you want to retire somewhere abroad, then you need to know a few things because international retirement isn’t as easy as a move. 

Thankfully, this article is going to tell you everything you need to know about retiring abroad, and then you can pick your destination of choice and start the process!

Where Will You Retire?

This is one of the most interesting parts of retiring because you get to pick where you are going to go! Do you want to retire on the beaches of New Zealand, rest in the towns of sunny Spain, or travel to a bustling french city in France? Wherever you choose to go, you need to take some factors into consideration.

First, what do you want to do with your time? Some people like to rest and relax after a life well lived in service of others. Others like to seek out adventure and test their limits, and still, others want to explore new languages and cultures, and places. Pick what you want to do, and then the correct location will often tick several of those boxes.

Figure Out That Countries Visa Laws

Every single country has its own visa laws whenever it comes to retirees moving to the country. Some visa laws operate on descent, giving citizenship to people who have parents and/or grandparents born in that country. Others have temporary residency permits that allow you to pay a fee and renew it every few years, while others need you to live inside the country for a certain period of time.

Additionally, if you want to work a part time job in your new international home, you may either need or be eligible for a visa because of that. Finally, some countries give out a specific visa for retirees who have a certain amount of income per month.

Once you have your specific country picked out, figure out the visa laws and see what types you can apply for.

Secure Housing For Yourself

If you don’t want to rent or timeshare inside of your new adopted home, then you might want to buy a property there for your use. However, you will need to go through that country’s laws for housing and real estate marketing. Some countries have restrictions or extra steps that you will need to go through.

Whether you are choosing to buy or rent, you might need the help of a real estate lawyer who knows the local market and can help you identify deals as well as guide you away from pitfalls. Finally, once you get the housing you will need to hire an international removals company to help you move your stuff over.

Look For Amenities and Adventure

Even if you want to live a nice quiet life while you have retired, you still need to have some adventures. One of the best things that you can do for your physical and mental health is to have some variety in your retirement because no one wants to be in a place where the days all blend together.

So figure out where you will live and where you will be going during your international retirement, and see what’s around you that you can do. You might have a movie theater, clubs to go to, teams to join, and groups of like minded people you can hang out with. Or maybe you are retiring in an area where you can pursue your hobbies and life goals, and that can be something you can do.

Just because you are retired doesn’t mean that you need to simply do nothing all day, so make sure to find a place where you can have plenty of adventure.

Take Your Retirement Step By Step

As tempting as it can be to quit your job and make all these massive retirement plans, you should take it slow whenever you are retiring abroad. Make sure you know all the laws and rules of your new country and that you have housing set up there for yourself. Then you can enjoy the fruits of your labor and the international ambiance of retirement!