Even though we save for so many years to prepare for a comfortable retirement, many of us are confronted with a daunting challenge when this phase of our lives approach as we simply did not manage to save enough. However, considering that social security is by no means able to provide the option of retiring well and in addition to this the vast majority of Americans aged between 55 and 64 have only managed to save around $100,000 for retirement, you are not alone with these concerns.
Amazing Places
While you may be wondering what your realistic options are, you could consider the possibility of moving abroad to enjoy your twilight years in another country that would be more capable of providing you with the well-deserved relaxation you are after. We have analyzed the top 20 places where you will be able to retire comfortably with $150,000 or less. Read on to discover in-depth insight into the daily living costs in these 20 places.
#20 Croatia
Croatia is a group of well over 1,000 enchanting islands, which means a retirement here will allow an incredible journey filled with exploration. The region is perfect for a relaxed lifestyle.
However, you will need to be ready for the cold winters and regular heavy winds. The natives here speak English, which means you won’t have much trouble getting around while you are settling in, although, the villages inland will require some knowledge of the Croatian language. The group of islands is home to numerous ex-pats and is often referred to as “the new Tuscany.”
Croatia
You will have the option to rent or purchase a property if you are enticed by the idea of enjoying this breathtakingly beautiful spot for retirement as a $150,000 retirement is enough to purchase a one-bedroom apartment on the coast of either Pula or Rovinj for around $70,000. On the other hand, a rental would cost you around $300 each month.
You will be required to register and invest a small amount into the state’s health care system to gain residency, although, considering you will only have to pay around $400 per annum, this will prove as a great benefit for retirement.
You will then be able to apply for temporary residence, which is needed to visit even for a short period. You can apply from the permit to stay for longer than 90 days by paying a visit to the Ministry of Interior office or a local police station. You will be required to provide the following:
● proof that you have sufficient funds for living expenses
● proof of property ownership
Your temporary residence will need to renewed every five years and you will be able to apply for permanent residency after five years.
