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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