Key Quality of Life Factors for Expat Retirees

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— 1 min read

Retiring in a country other than one's home country, often chosen to improve quality of life, reduce living costs or for adventure. It involves managing foreign residency, taxes & healthcare in a new, often lower-cost location, while relying on international income sources like pensions, savings or investments. 

Key Aspects of Expat Retirement

  • Cost of Living & Lifestyle: Many retirees move to countries like Thailand for a lower cost of living, where monthly expenses might range from EUR 2'000 to EUR 3'000 for a better lifestyle than at home
  • Financial Planning: Retiring abroad involves navigating complex tax rules, currency fluctuations & market risks
  • Visas & Logistics: It requires obtaining specific, long-term or non-lucrative visas that allow legal residence without working
  • Community: Many expats join established, welcoming foreign communities that offer social support & amenities 

Common reasons to retire abroad

  • Lower Expenses: Accessing a better quality of life for a lower cost
  • Better Climate: Moving to warmer, tropical locations
  • Adventure/Culture: Seeking a new, exciting environment in later life 

Risks to consider

  • Currency fluctuations: Income in one currency may not stretch as far if the local currency strengthens
  • Healthcare access: Planning for private, out-of-pocket or local insurance coverage
  • Isolation: Moving far from family & friends

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