Tuesday, October 13, 2015

Retiring Overseas

Imagine spending your retirement on an island in the Caribbean or in a historic European village. Thanks in part to a strong dollar, the dream of retiring abroad is becoming a reality for more Americans. According to a recent Bloomberg study, 615,000 Americans are receiving their Social Security checks outside of the United States. That’s a 57% increase since the year 2000. What’s driving that growth? A recent survey reported the top three reasons for retiring abroad as achieving a lower cost of living (87%), a simpler, less stressful life (82%) and better weather (74%). Survey respondents were also asked if their experiences lived up to their expectations. A whopping majority (85%) said they were happier living abroad.1 So why are some retirees happier on foreign shores? Commonly cited reasons are slowing down, becoming more present and mindful, and finding a strong sense of community. Many report that they’ve found a greater sense of meaning and purpose through making a positive difference in the lives of the local population. In fact, many expats have been pleasantly surprised to discover deep-seated connections with their new neighbors.

For the full article go to: http://www.ameriprise.com/content/files/AMP_20151006.HTML?CID=MOD_FMP_Pro_Oct_2015#2


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