Stretch Your US Dollars By Retiring Abroad

As you look forward to your retirement, ensuring that you can live comfortably on your savings and benefits while also enjoying life can be a concern. One way to resolve those concerns is to consider retiring to a foreign country where the value of the dollar is strong, and living costs are low.

Such a decision, however, will involve more than just travel planning, and you’ll need to do a fair amount of research on local currency, visas, and residency requirements. You will also need to consider your preferred lifestyle in retirement and understand the currency exchange rates for whichever country you choose. To help get you started, here are 5 countries that retirees are flocking to already.

Reserve foreign currency online to save time on your branch pick up or use CXI's OnlineFX Home Delivery to order foreign currency whenever, wherever. 
 

1. Portugal

For a true change of scenery and cultural experience, head to Portugal in Europe for your retirement. Many of the locals speak English here and extend a warm welcome to foreigners. You’ll also have access to the premium healthcare system and experience affordable living costs. Choose the city of Lisbon if you want to while away the days visiting museums, enjoying concerts, trying different foods, or shopping along the cobbled lanes. For a more relaxed environment, settle in one of the coastal towns and enjoy the water, sidewalk cafes, and yoga studios. In many locations, a couple can comfortably live on less than $3,000 a month.
 

The currency used in Portugal is the European euro. According to Numbeo, the average cost for a one-bedroom apartment in the city is 788.36 €. Before you transition to Portugal, order your currency from CXI via branch pick-up or using OnlineFX Home Delivery.
 

2. Costa Rica 

For those looking to retire to a country closer to the US and family, Costa Rica has become a popular destination. This tropical country offers an abundance of natural attractions, friendly people, and access to a top-rated healthcare system. Find the climate zone you prefer, whether it be the dry tropical beaches or the more temperate climates in the higher elevations. The Costa Rican government encourages expats to seek residency here, so seriously consider this country as your next home.
 

The currency used in Costa Rica is the Costa Rican colon. According to Numbeo, the average cost for a one-bedroom apartment in the city is 321,465.03 ₡. Before you transition to Costa Rica, order your currency from CXI via branch pick-up or using OnlineFX Home Delivery.
 

3. Greece

Head to the Mediterranean and retire in a country that offers historical significance, cultural experiences, and natural beauty, not to mention an affordable cost of living. You’ll find high-quality medical care here at lower costs than in the US as well. Throughout the country, including its stunning island groups, modern infrastructure, and amenities will make you feel right at home.

The currency used in Greece is the European euro. According to Numbeo, the average cost for a one-bedroom apartment in the city is 410.91 €. Before you transition to Greece, order your currency from CXI via branch pick-up or using OnlineFX Home Delivery.

4. Spain

When it comes to a relaxed lifestyle with incredible weather and friendly people, look no further than Spain for your retirement. Here, you will find a relatively low cost of living, much of which will depend on the location you choose. You can expect low food prices, both at the market and many restaurants, affordable private health insurance plans (and eventual inclusion in the public system), and a thriving cultural and arts scene. Couples can live comfortably in this country for, on average, about $2,300 dollars a month.
 

The currency used in Spain is the European euro. According to Numbeo, the average cost for a one-bedroom apartment in the city is 754.50 €. Before you transition to Spain, order your currency from CXI via branch pick-up or using OnlineFX Home Delivery.
 
 

5. Thailand

If you’re looking for an exotic locale to retire to, head to the southeast Asian country of Thailand. It offers a friendly expat community, access to high-quality healthcare, and an inviting low cost of living. The Thai people are community-minded, with an enchanting café and restaurant culture country-wide. The cities and towns also come alive with festivals and social events not to be missed. A huge advantage for retiring here is access to premium healthcare facilities, along with low utility, transportation, and food costs.

The currency used in Thailand is the Thai baht. According to Numbeo, the average cost for a one-bedroom apartment in the city is 13,884.84 ฿. Before you transition to Thailand, order your currency from CXI via branch pick-up or using OnlineFX Home Delivery.
 

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