Advantages of Retiring in the U.S.

Established professional connections and social networks can give you access to additional resources in case you need them. On top of that, there are family members and close friends who are always there to provide emotional and financial help. Reliable providers are everywhere in your neighborhood and community.

Disadvantages of Retiring in the U.S.

The cost of living and healthcare in the U.S. is more expensive than most countries in the world.

Advantages of Retiring Abroad

Retiring in a foreign country can be a new experience, as you can enjoy the beauty of the exotic landscapes, make friends with local people. If you choose a country with a lower cost of living, you will have saved enough money for the retirement there as opposed to living in the U.S. In addition to daily routines, the price of medical care and private insurance can also become more affordable than that in the States. Besides, many countries offer incentives for retirees who meet their requirements.

Disadvantages of Retiring Abroad

Despite all the advantages mentioned above, retiring abroad still has its own drawbacks in terms of distance, cultural differences and so on. Firstly, the long distance may become a major problem when you want to or need to visit family or friends back here. Secondly, differences in language, culture and daily routines may seem exotic and attractive at first, but long-term residence in a foreign country is no easy thing. Make sure you are fully aware of the risks and barriers ahead before making any decision. And lastly in terms of expenses, you may be required to pay taxes both in the U.S. and the country you are living in.

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