Top Budget-Friendly Destinations for a Dream Retirement
Retirement is a time many look forward to as an opportunity to explore new places, embrace new cultures, and enjoy a slower pace of life. However, the dream of retiring abroad often comes with concerns about affordability. Fortunately, there are numerous destinations around the world where retirees can enjoy a high quality of life without breaking the bank. This article explores some of the top budget-friendly destinations for a dream retirement, offering insights into cost of living, healthcare, and lifestyle.
Portugal: A European Gem
Portugal has emerged as a popular retirement destination due to its warm climate, stunning coastlines, and affordable living costs. The cost of living in Portugal is significantly lower than in many other Western European countries. For instance, a couple can comfortably live in Lisbon, the capital, for around $2,500 per month, including rent, groceries, and entertainment1.
Healthcare in Portugal is both high-quality and affordable, with a public healthcare system that is accessible to residents and an extensive network of private healthcare facilities. Additionally, Portugal offers a Non-Habitual Resident (NHR) tax regime, which provides significant tax advantages for foreign retirees2.