Retirees who want to live in an English-speaking country similar to the United States should head to Canada. Americans who become permanent residents have access to universal health care, which, although not perfect, is a great alternative to the expensive options in the United States. Prescription medications are also considerably cheaper.
While major cities have pricey housing, affordable options are available in areas such as Vancouver Island and Prince Edward Island (oceanfront homes can cost as little as $115,000). A stable banking system and Canada’s proximity to the United States also make our neighbor to the north a desirable place to retire.
Of course if you can live in another country where the native language is not English there are a lot of options. Germany Isn’t One of the Cheapest Options, But It’s Modern & Culturally Diverse. Panama has A lively capital city & laid-back atmosphere. Portugal welcomes foreigners, and its visa and tax programs make it easy for those earning a minimum of $1,400 a month to retire there. Mexico is a great place to retire if you like warm weather and affordable health care ($140 a month). A couple can live comfortably in the country for around $2,175 a month, which covers housing, utilities, groceries, and other necessities.
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