As U.S. costs of living continue to climb, many who are nearing retirement age are looking abroad to plan their golden years. And it’s not a bad idea. There are options for enjoying a better quality of life at a lower cost of living, and thereby maximizing your retirement funds. Some of these locations have communities of ex-pats that are growing in numbers. So, there’s a possibility you’ll not only be able to live more comfortably, you’ll be among the good company as well. These 9 destinations will get your wheels spinning about retiring internationally for a better standard of living at a fraction of the cost.
1) Cayo, Belize
If you’re looking for adventure, Cayo, Belize may be right up your alley. While the city is a growing hotspot for expats, real estate prices are still in line with the much cheaper Belizean market. Belize is known for its stunning landscapes and plentiful natural resources, with the perfect mix of sun, sand and greenery. While Cayo is not on the Caribbean, the beautiful blue waters are just a drive away. Cayo has a notably low cost of living when compared to the States, while still being just a stone’s throw away; Belize is about a two-hour flight from Houston, Texas. Most Americans will find no language barrier as the national language is English, and the legal system is similar to ours (it’s based on British roots). One thing to consider is the lack of infrastructure, as Belize is still regarded by many as a developing nation.
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