With health care prices on the rise in the U.S., a lot of people who are close to retirement are thinking about taking their retirement savings and moving overseas for their senior years. All these countries offer safety and scenery, plus they have much more financial security than you’d find in America. Multiple countries across Central and South America, Europe and Asia don’t only lower living costs and great climates but also modern amenities and advanced medical care. We’ve decided to look into which places are the best for an affordable and safe retirement abroad. With $200,000 in savings or less, you can retire peacefully in one of these countries!
Slovenia
On great retirement destination in central Europe is Slovenia. It shares Italy’s eastern border and is in the perfect location for European travel. With medieval castles and churches by mountain cliffs, you’ll find great skiing and beautiful lakes there. Not to mention the beaches of the Istrian Peninsula are just a short car ride away. Slovenia’s four-season climate is the mildest of the coastal towns by the Adriatic Sea. In Slovenia, life is affordable. A one-bedroom apartment in the capital, Ljubljana, rents for around $600 a month. Not to mention, restaurants, entertainment, and groceries are reasonably priced as well. To top it off, all residents are required to pay for compulsory state health insurance that provides access to good health care. It’s also common to add on private, local health insurance as well.
Slovenia
How to retire in Slovenia
There is no retirement visa in Slovenia for noncitizens of the European Union, so an American retiree will need to apply for a one-year temporary residence permit before leaving the U.S. You’ll also need to choose a purpose for your visa. American seniors can apply for the study purpose, such as language classes, or the purpose of becoming a self-employed worker. You’ll have to show you have an income at least equal to the ‘basic minimum income’ in Slovenia, which is less than $450 a month back in August 2018. The permit has to be renewed every year. After five years in Slovenia with this visa, you can apply for permanent residency.
How To Retire In Slovenia
