In case the top U.S. destinations to retire to weren’t good enough for you, Live and Invest Overseas announced its annual index of the 10 best places in the world to retire in 2023.
“With talks of recession and uncertainties in the market right now, this year’s retirement index is one of the most critical ones yet,” said Kathleen Peddicord, founding publisher of Live and Invest Overseas. “Our hope is that individuals who are looking to retire soon or make an investment to further their financial security, use this list as a steppingstone to start their next phase in life.”
The index concentrated on 10 local cities across 10 countries, with the destinations graded on several factors, including cost of living, healthcare, entertainment, recreation, whether the English language is spoken, expat community, infrastructure (Internet, electricity, domestic access), access to North America, environmental factors, crime, real estate restrictions, residency, and taxes.
Similar to International Living’s results at the start of 2022, Panama reached the top spot as the best country oversees to retire to. Live and Invest Overseas credited the country’s affordability and limited tourism as some of the major reasons why it won first place. Countries that followed included Portugal, Colombia, and Mexico.
Below is the list in order of ranking and the grades received.
#1: Chitré, Panama
Final Grade: A
#2: Tavira, Portugal
Final Grade: A
#3: Medellín, Colombia
Final Grade: A-
#4: Kyrenia, Northern Cyprus
Final Grade: A-
#5: Corozal, Belize
Final Grade: B+
#6: Costa de la Luz, Spain
Final Grade: B+
#7: Oaxaca, Mexico
Final Grade: B+
#8: Paris, France
Final Grade: B+
#9: Sanur, Bali, Indonesia
Final Grade: B
#10: Da Lut, Vietnam
Final Grade: B-
The news come as more retirees are choosing to spend their retirement oversees. According to a recent report by International Living, seniors are relocating to global destinations to take advantage of high-quality, low-cost healthcare abroad and the ability to travel full-time in a global landscape, whether they choose to do so in a group or solo.
Live and Invest Overseas’ full index on the rankings will be available to purchase in January 2023 at www.liveandinvestoverseas.com.
SEE ALSO:
There’s a New ‘Best Place to Retire’ – And It’s Not in Florida
2022 ‘Best’ and ‘Worst’ Places for Senior Living: Surprises Dot New Rankings
3 Takeaways from Forbes ‘Best Places to Retire in 2022’
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.