You’ll need proof of German address and health insurance as well as your passport and evidence that you can support yourself financially. Only about one-in-four eligible residents choose this route. To qualify for this program, you’ll need to transfer that income to a Costa Rican bank account and exchange it to Costa Rican colóns. However, the country brings plenty to the table for retirees, namely gorgeous architecture, impeccable infrastructure and a first-rate healthcare system, making it a perfect European retirement destination. 3), San Francisco, CA (No. If you have a high enough income, you can also opt out of an SHI plan and purchase private insurance. Best Place to Retire in the United States: Naples, Florida. Bled is Slovenia’s top Alpine resort. Nestled among mountains and rolling hills and surrounded by bucolic fields and pine-spiked clifftops, Popoli is a corner of the Old World where you’ll feel utterly removed from the concerns of our modern age. “The Best Places rankings can help people examine the details they consider important in a larger community as they seek a house with a bigger yard or a spot that makes it easier for the whole family to quarantine safely together.”. Many retirees find Mexico to be an attractive retirement destination due to its weather, affordability and proximity to the States. That’s according to our methodology that considers tax burden and the prevalence of medical centers, recreation centers, retirement communities and other seniors. More than 1 million people applied for jobless aid last week. Ecuador contains a growing community of expat Americans, increasingly … Charlotte, NC 7. 6 in 2019 to No. 2, and Port St. Lucie landed at No. You’ll just need to prove that you are, in fact, retired; that your monthly income is above $820; and that you’re receiving some sort of retirement income (like Social Security or a pension). 3. Ask our Retirement expert. You’ll need your passport, proof of income and health insurance, and you’ll have to be able to pass a criminal background check before you can complete your application. Known as the garden of Vietnam, flowers including roses, marigolds, hydrangeas and golden everlastings are grown here. Washington, D.C. – U.S. News & World Report, the global authority in rankings and consumer advice, today unveiled the 2020-2021 Best Places to Live and Best Places to Retire in the … The new lists evaluate the country’s 150 most populous metropolitan areas based on affordability, job prospects and desirability. As with virtually any country, you’ll need to obtain a visa if you want to retire in Thailand. Rents normally include utilities and basic cable. In the North, mountains and forest are the norm. These visas will last for one year, at which point you’ll have to apply for a renewal. To get a retirement visa, you have to be at least 50 years old and pass a background check. San Francisco, CA. Seniors On Medicare Are Getting a Big Pay Day in 2020, Expert: “This credit card is so good I signed up personally”. To stay longer than 90 days in Germany, you’ll need to apply for a temporary residence permit, known in Germany as an aufenthaltserlaubnis. According to 2020 data from, rent in Spain is lower than in bigger U.S. cities. In order to retire in Mexico, you’ll need to obtain a temporary resident visa at a Mexican consulate. You can escape for a weekend to swim in the warm, clear sea, play a round of golf, trek the slopes of Penang Hill or laze in a hammock amid the lush greenery. And while Port. And just like most places in Southern California, the weather is warm and sunny year-round. There are several reasons why retirees choose these specific places. Ann Arbor, MI8. Buenos Aires, the capital and largest city, tends to range from the upper 40s to the mid 80s with plenty of rain in the winter months. Metro areas with colleges well-known for their engineering programs also made the list, such as Colorado Springs, CO (No. The city is in the southwestern region of Florida, situated just on the coast of the Gulf of Mexico. On Best Places to Retire, Florida metro areas took a majority (13) of the top 25 rankings and swept the top three: Sarasota moved up a spot to No. Spain has no sales tax and low property taxes, and you’ll only need to file a Spanish income tax return if your income surpasses $24,000 a year. Media Contact: Jessica Lewis;; 202-955-2203. With a Mediterranean climate and plenty of history to explore, it’s no surprise that Portugal is a popular retirement destination for U.S. retirees. Beyond the high-rise apartments is one of the best preserved old cities in Asia. Therefore, you’ll need to consider what’s most important to you to get the most out of your golden years. Austin, TX 4. Temperatures can reach the low 90s in the summer months (which are the winter months in the Northern Hemisphere). You’ll need to purchase private health insurance. You’ll have to pay income taxes in Germany even if your income is exclusively from the U.S. Compare the Top 3 Financial Advisors For You, While retirement planning is incredibly important, it can also be rather daunting. Once you successfully receive five one-year permits, you can apply for a permanent one. Like us on Facebook to see similar stories, Officials issue a blunt message for Thanksgiving: Keep your gathering small. Low living costs are a big attraction, and a couple’s basic monthly budget is about $1,100. One downside of retiring in Thailand is the lack of public health insurance for expats. All permanent residents of Germany are required to have health insurance, and most choose to receive publicly financed insurance from a Statutory Health Insurance (SHI) insurer, also known as sickness funds. In terms of healthcare, Spain has a comprehensive public healthcare program available to residents and those who contribute to Spanish Social Security. A couple’s monthly budget comes to about $1,255. A digital news and information company focused on Education, Health, Money, Travel, Cars and News, provides consumer advice, rankings and analysis to serve people making complex decisions throughout all stages of life. Most expats choose to rent in Argentina. Melbourne, FL. The former vice president has become the Democratic front-runner with primary victories across the country. Asheville, NC9. Ann Arbor, MI and Naples, FL, which debuted in the rankings this year, also placed in the top 25 for places to live and retire. If you fulfill all these requirements, you’ll receive a one-year retirement visa. Popoli is a fantastically affordable option for retirement in Europe. Mazatlán boasts more than 10 miles of sandy beaches and a new five-mile boardwalk. 3. Beverly Hills, California is one of the most recognizable cities in the country, thanks in large part to its reputation as a swanky neighborhood for the ultra-wealthy. To make it better, you can live comfortably on a yearly budget of between $20,000 and $25,000. For Americans, retiring in a place like Naples can give you the change of scenery you’re looking for without having to go through the process of getting a visa, adapting to a different culture or even learning a new language. They were determined in part using a public survey of thousands of individuals throughout the U.S. to find out what qualities they consider important in a place to live. Connect with friends faster than ever with the new Facebook app. A common feature among many of the top 25 Best Places to Live is the prominence of engineering and technology as a choice career field for many. Thailand is another popular retirement destination for U.S. expats, thanks in large part to its relative affordability. After four years (the length of the temporary resident visa), you can apply to have your visa converted into a permanent resident visa. The 2020-2021 Best Places to Retire were determined based on a methodology that factored in happiness, housing affordability, health care quality, retiree taxes, desirability and job market ratings. Rent can be as little as $194 a month for a studio apartment on the edge of town and $345 to $430 for a more central apartment. Bled is refreshingly rural and largely forested, with thermal pools, charming campsites, mountain paths and boating. Naples is the best place to retire in Florida and the best place to retire in the entire United States. You can get around using tuk-tuks, baht buses and the occasional taxi for just a few dollars a day. The top 25 places to retire also includes three Texas communities, and two places each in Michigan, North Carolina and Tennessee. After two successful renewals, you’ll be able to apply for a permanent resident visa. A one-bedroom apartment in Munich can run you around $1,330 a month, while moving to a smaller city like Leipzig could cost you only $557 a month. You can reap the benefits of retiring abroad, but you won’t have to worry about crossing an ocean to get home. Some factors that typically come into play include cost of living, access to hospitals and medical care, retirement taxes and entertainment.