Financial Planning made a list of the top retirement destinations overseas:
Clients often dream of retiring overseas for a change of scenery and lifestyle. Here’s what a handful of RIAs have to say about some of the most popular overseas retirement destinations among their clients.
- Costa Rica
- South of France
- Staying Local [Florida]
But those who actually do go to another country are still rare. It means giving up your neighbors, friends and close relatives. Says one advisor:
Many clients talk about this, but few actually do it. I always advise to do a trial run and move just for a few months. Most get disillusioned. They usually choose tropical places, but living in those places is very different than vacationing. Car repairs, groceries, etc. are harder in a second language. Costa Rica does seem really popular these days, but clients quickly get disillusioned with infrastructure.”