CNBC top 10 safe/affordable retirement dest.

[gamb00ler]

Probably slanted towards American tastes but does discuss ease of immigration.

 

>> link <<

[Puchaiyank]

Interesting article...notably, neither Vietnam, Cambodia, Laos, nor Thailand made the safest/affordable list of countries.  Japan and New Zealand made it from this part of the world.

 

Canada did make the cut along with several European countries...????

[marcusarelus]

It's easy to immigrate to none of the countries on the list.  And they all are megabucks places to live.  Hardly think it applies to the 65k a month bunch here.

[simon43]

And they all are megabucks places to live.

 

Czech Republic is megabucks to live there?  News to me ????

[marcusarelus]

3 hours ago, simon43 said:

 

 

 

Czech Republic is megabucks to live there?  News to me ????

Can you find any others on the list that are cheap? I don't know how much a retirement visa costs do you?

[Emdog]

Japan and affordable are two words you rarely see in same sentence

[Thaidream]

The Czech Republic; Slovenia and Portugal are doable- the rest are very Expensive. 

 

Japan is so expensive that when the Japanese take out a mortgage many times it is for 100 years and passed on to the 3rd generation.

[AgMech Cowboy]

I wouldn't say more of a USA slant. It's more of a CNBC slant. I find many of their 'recommendations' follow a more 'rich' liberal slant.

[Pedrogaz]

5 hours ago, Thaidream said:

The Czech Republic; Slovenia and Portugal are doable- the rest are very Expensive. 

 

Japan is so expensive that when the Japanese take out a mortgage many times it is for 100 years and passed on to the 3rd generation.

You are so out of date...that was in the 1980s. I have an apartment there....it's worth about USD 250K...three beds, about 100 sq metres, 5 metro stops from central Tokyo, $200 US a month for management services, security, gardens etc, and food cheaper is than Tokyo...or should I say better value, you can get steak that is actually edible. The cost of living is not higher than Tokyo, and I think much cheaper than Bangkok. Alcohol and eating out are more expensive than Thailand, but other stuff is either more expensive but much better quality, or same global price. 

[marcusarelus]

16 minutes ago, Pedrogaz said:

You are so out of date...that was in the 1980s. I have an apartment there....it's worth about USD 250K...three beds, about 100 sq metres, 5 metro stops from central Tokyo, $200 US a month for management services, security, gardens etc, and food cheaper is than Tokyo...or should I say better value, you can get steak that is actually edible. The cost of living is not higher than Tokyo, and I think much cheaper than Bangkok. Alcohol and eating out are more expensive than Thailand, but other stuff is either more expensive but much better quality, or same global price. 

Indices Difference

Consumer Prices in Tokyo are 81.70% higher than in Pattaya

Consumer Prices Including Rent in Tokyo are 94.88% higher than in Pattaya

Rent Prices in Tokyo are 135.65% higher than in Pattaya

Restaurant Prices in Tokyo are 88.72% higher than in Pattaya

Groceries Prices in Tokyo are 79.74% higher than in Pattaya

Local Purchasing Power in Tokyo is 258.76% higher than in Pattaya

https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Thailand&country2=Japan&city1=Pattaya&city2=Tokyo&tracking=getDispatchComparison

 

[kuma]

"The Canadian dollar, or loonie, is worth about 75 U.S. cents, offering an instant 25% savings on many expenses."

 

Obviously economics is not a strong part of this writers background.

[CharlieH]

Reported post with derogatory term removed.

[theoldgit]

As this topic is a general discussion rather than about specifics of retiring to a country, I'm going to move it to pub.

[Shoban]

Pretty crazy list, seeing that retirement is more about stretching your money yet still affording some luxuries that can come with that? Here is a list that came in some email marketing i received last week. Takes the top 3 countries you can stretch your USD $300k

 

No.3 Malaysia

How many years $300K will last for renters: 40.52 Annual cost of rent: $4,725 Annual grocery cost: $2,141.16 Annual utilities cost: $537.48   Malaysia has the third-lowest annual utilities cost of all of the countries on this list. The country also has the third-lowest annual grocery cost. Via the country’s Malaysia My Second Home (MM2H) Programme, foreigners can qualify to stay in the country on a multiple-entry social visit pass, which is initially issued for 10 years. English is commonly spoken in this country. In general, Malaysians have a laid-back and relaxed attitude. All-year-round tropical weather, modern infrastructure and a vibrant night life makes Malaysia a haven for retirees and tourists alike.  Link to programme www.movetomalaysia.co.uk   No.2 Mexico   How many years $300K will last for renters: 42.60 Annual cost of rent: $4,783.11 Annual grocery cost: $1,829.76 Annual utilities cost: $429   Choosing Mexico as your retirement destination can help you stretch a $300,000 nest egg over decades. Mexico has the lowest annual utilities cost of all of the countries on the list and the lowest annual grocery cost. A bank balance of at least $80,000 — can help retirees qualify for permanent residency. Although Mexico’s Constitution states that the country is multilingual — due to the different indigenous languages spoken there — Spanish is the most widely spoken.   No.1 Sri Lanka   How many years $300K will last for renters: 55.01 Annual cost of rent: $3,056.97 Annual grocery cost: $1,943.40 Annual utilities cost: $453.24   Sri Lanka has the second-lowest annual utilities cost of all of the countries on this list. The country also has the second-lowest annual grocery cost. Foreign nationals who are at least 55 years old and have a monthly income of at least $15,000 are eligible for Sri Lanka’s two-year renewable “dream home” visa. The two official languages of the country are Sinhalese and Tamil. Only around 10% of the country speaks English, which is primarily used for business purposes, but the people have a reputation for being warm and friendly.

[kuma]

6 hours ago, Shoban said:

Pretty crazy list, seeing that retirement is more about stretching your money yet still affording some luxuries that can come with that? Here is a list that came in some email marketing i received last week. Takes the top 3 countries you can stretch your USD $300k

 

No.3 Malaysia

How many years $300K will last for renters: 40.52 Annual cost of rent: $4,725 Annual grocery cost: $2,141.16 Annual utilities cost: $537.48   Malaysia has the third-lowest annual utilities cost of all of the countries on this list. The country also has the third-lowest annual grocery cost. Via the country’s Malaysia My Second Home (MM2H) Programme, foreigners can qualify to stay in the country on a multiple-entry social visit pass, which is initially issued for 10 years. English is commonly spoken in this country. In general, Malaysians have a laid-back and relaxed attitude. All-year-round tropical weather, modern infrastructure and a vibrant night life makes Malaysia a haven for retirees and tourists alike.  Link to programme www.movetomalaysia.co.uk   No.2 Mexico   How many years $300K will last for renters: 42.60 Annual cost of rent: $4,783.11 Annual grocery cost: $1,829.76 Annual utilities cost: $429   Choosing Mexico as your retirement destination can help you stretch a $300,000 nest egg over decades. Mexico has the lowest annual utilities cost of all of the countries on the list and the lowest annual grocery cost. A bank balance of at least $80,000 — can help retirees qualify for permanent residency. Although Mexico’s Constitution states that the country is multilingual — due to the different indigenous languages spoken there — Spanish is the most widely spoken.   No.1 Sri Lanka   How many years $300K will last for renters: 55.01 Annual cost of rent: $3,056.97 Annual grocery cost: $1,943.40 Annual utilities cost: $453.24   Sri Lanka has the second-lowest annual utilities cost of all of the countries on this list. The country also has the second-lowest annual grocery cost. Foreign nationals who are at least 55 years old and have a monthly income of at least $15,000 are eligible for Sri Lanka’s two-year renewable “dream home” visa. The two official languages of the country are Sinhalese and Tamil. Only around 10% of the country speaks English, which is primarily used for business purposes, but the people have a reputation for being warm and friendly.

Sri Lanka wants a monthly income of $15,000 to qualify! Nope. Also spent enough time in south India, not nice at all, if SL is similar. NTY

Malaysia, nice country I hear (only transited KL), but long term compatibility with majority religion would concern me.

Mexico, just violent. Most of central and South America seems to suffer from this. Used to have a winter home in the Rio Grande, on the Texas side, - and 30 years ago was ok (Matamorros, Progresso, etc). Now no thanks. Pockets of Mexico are of course safe but no flexibility to get up and go, you have to plan any tripping around there carefully I imagine - just my thought.