If the US is such a great country than why do Americans prefer to retire to other countries?
Besides the cost of living.
http://www.ask.com/bar?q=what+percent+of+americans+retire+outside+the+country%3F&page=1&qsrc=2417&ab=9&u=http%3A%2F%2Fwww.riobrazilinfohub.com%2Fpage%2Fpage%2F5096369.htm
heres my proof for all those who doubt what I say.
www.newswiretoday.com/news/26368/
You cannot discount the cost of living. It is a very important reason. Another reason is that some of us did not have the opportunity to travel and experience other cultures when were were working all those years. At retirement, we have the opportunity to do things we did not get to do before. Also, it is not accurate to simply say ," Americans prefer to retire to other countries". SOME Americans prefer to retire to other countries, but they are only a small percentage of the total number of retired Americans. Some Americans retire to other countries to take up hobbies or volunteer work that they could not do before they retired. It does not mean they don't still love the U.S. Many foreign citizens also retire in the U.S. Americans are not the only people that like to retire in a country outside their own. many Canadians, Brits, Italians, Germans, among others , also retire outside their home countries.
Edit: for the other answerers…I live in Mexico and there are over 1.2 million American and Canadian citizens retired here. Some are rich, many are not. Many come here NOT to avoid taxes ( any money earned in the U.S. or any interest from the U.S. is still taxed in the U.S.) , but because their modest pension income goes a lot further here. There are many websites for Americans and others who want to retire in a foreign country. For examples, see below.
Which 3rd world country should I retire in?
June 23rd, 2009 at 7:15 pm
Where are your statistics on that? I don't know any other Americans who retire in other countries. I think they mostly go to Florida. lol
References :
June 23rd, 2009 at 7:20 pm
Who told you that? Only the very rich retire elsewhere to avoid taxes.
References :
June 23rd, 2009 at 7:25 pm
You cannot discount the cost of living. It is a very important reason. Another reason is that some of us did not have the opportunity to travel and experience other cultures when were were working all those years. At retirement, we have the opportunity to do things we did not get to do before. Also, it is not accurate to simply say ," Americans prefer to retire to other countries". SOME Americans prefer to retire to other countries, but they are only a small percentage of the total number of retired Americans. Some Americans retire to other countries to take up hobbies or volunteer work that they could not do before they retired. It does not mean they don't still love the U.S. Many foreign citizens also retire in the U.S. Americans are not the only people that like to retire in a country outside their own. many Canadians, Brits, Italians, Germans, among others , also retire outside their home countries.
Edit: for the other answerers…I live in Mexico and there are over 1.2 million American and Canadian citizens retired here. Some are rich, many are not. Many come here NOT to avoid taxes ( any money earned in the U.S. or any interest from the U.S. is still taxed in the U.S.) , but because their modest pension income goes a lot further here. There are many websites for Americans and others who want to retire in a foreign country. For examples, see below.
References :
http://search.yahoo.com/search;_ylt=A0oGkwdpTD1Khf8AXIVXNyoA?p=retiring+in+a+foreign+country%2C+number+of+americans&y=Search&fr=fptb-yff3k&fp_ip=MX&fr2=sb-top&rd=r1&meta=vc%3Dmx&sao=1
June 29th, 2009 at 9:56 pm
Thinking about the Philippines, where my wife is from. Here in the U.S. I would have to work forever, and we treat one another like dirt.