Cheap Places To Retire: Unsung Precious Havens For Retirement
Everyone wants to live a comfortable, worry-free and relaxing life in a place where beauty doesn’t seem to fade. The opportunity is always there; it’s possible. However, before we can reach that point, we have to work hard. It is the hard work itself that make us long for our retirement and thus make it something special and of great value. While many people think of it as purely coming to an old age, many others are anticipating for it and in fact, are planning and saving for it.
More and more Americans and even from other countries are delighted by the idea of living abroad for their retirement. Wonderful places here on Earth are innumerable of course, because every place has that special “something” to offer. But not all provide the best and the cheapest at the same time. Countries such as Cuba, Hungary, Nicaragua, Malaysia, Nova Scotia, Panama, and Costa Rica has the best to offer yet they are considered as cheap places to retire.
What makes these countries cheap places to retire? The primary reasons are the low cost of living and the very affordable basic commodities, means of transportation, lots and housing, and hotel accommodation. Of course, though you may be looking for the cheap places to retire, factors such as the climate, safety or security of the place, accessibility, stable economy, natural resources, scenic places, good number of places of interest, and hospitality of the people count a lot.
Panama appears to be the most ideal among the cheap places to retire. This country offers the most benefits for tourists and retirees settling in the country permanently. It has passed a law, called Law No. 8, which gives incentives such as 20-year exemptions from import duties, fees for construction materials and equipment, and income, real estate, and other taxes. Discounts are given in hotels, recreation centers and other tourist destinations within the country. Also, Panama uses US dollar as a currency, although it is named Balboa. Risks in currency exchange rate are prevented.
Like Panama, other countries in the Caribbean belong to the list of the most beautiful retirement destinations and cheap places to retire. These are Cuba, Nicaragua, and Costa Rica. All these places welcome visitors and retirees alike with their wonderful sceneries, world-class white beaches, lush forests and widely diverse ecosystem. You can enjoy here deep-see fishing, scuba diving, farming, kayaking, snorkeling, hiking and a lot more.
Nicaragua is among the most exciting to explore, aside from being one of the cheap places to retire. You can climb volcanoes like Mt. Concepción and Mt. Maderas or visit Volcano Mombacho Natural Reserve. There are also a lot of unexplored terrains, breathtaking and inspiring rainforests and other exotic places perfect for adventure. Being underdeveloped, these newly discovered destinations are still so affordable.
Another Caribbean country, Costa Rica offers fascinating sceneries. With the dazzling blue waters of the Caribbean Sea and the Pacific Ocean, the swaying palm trees, different kinds of birds flying, volcanoes, lush forests, and rugged mountains on the background, this country is truly an enchanting haven for your retirement. Moreover, Costa Rica is loved by expatriates for its hospitable people, low crime rates, and very affordable commodities.
In Asia, one particular tropical country attracts most number of tourists and retirees, Malaysia. Apart from its famous modern cities such as Kuala Lumpur, Malaysia have the best yet cheap places for retirement. Like the islands in the Caribbean, Malaysia also offers the best sceneries and the most exciting places for adventure.
At the heart of east central Europe, Hungary welcomes visitors and expatriates with its excellent music and arts, rich culture, diverse cuisine, finest wine regions and fascinating natural attractions. Prices here are surprisingly low in spite of its rich European neighbors. People here love pleasurable way of life, so you’d surely love this place.
On the northern part, another haven for retirees awaits you, Nova Scotia, Canada. Nova Scotia, which literally means “New Scotland,” has frequently been included in the list of best retirement destinations because of its natural beauty. But more than that, this second smallest and one of the wealthiest Atlantic provinces of Canada is one of the cheap places to retire. It is said that the per capita income in Nova Scotia is just over $30,000 and you can save the 40% of that without depriving yourself of a comfortable life. Despite advancements, this place remains to be naturally captivating.