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5 gorgeous places that will make you want to retire overseas

Mar 17 2016 07:41
Partner Content - By Andrea Firth

Ah, retiring overseas. For many people nearing the end of their work lives, the idea of setting sail for a new, faraway home is the stuff of dreams. Whether it’s sipping wine in the French vineyards or lazing under palm trees on a white sandy beach, your retirement dream could be a reality!

View our top 5 picks for an affordable overseas retirement:

Cotacachi, Ecuador

From the jungle to the beaches, Ecuador features a scenic landscape that can’t be beat. What’s more, the 2014 Global Retirement Index rated it as one of the top countries for quality of life and the World’s Number 1 Retirement Haven. Real estate is a bargain, the cost of living low and there’s a generous array of benefits for retirees. Over-65s get discounts on flights, up to 50% off movies, sporting events, public transport and utilities.  Public transportation is so efficient that many expats report not having to even buy a car and you’ll find world-class medical facilities in the larger cities.

Estimated monthly cost for a retired couple: $1,400 (+- R21 622) a month

Algarve, Portugal

For the third year running, Algarve, Portugal, has been voted as one of the world's best places to retire thanks to the low cost of living and real estate, great weather, established expat community, user-friendly and low-cost retiree residency program. Home to more than 100,000 resident foreign retirees you can easily get by just speaking English. The coastline is dotted with gorgeous Blue Flag beaches and the region boasts 42 golf courses. Health care is of an international-standard and the cost of living in Portugal is on average 30% lower than in any other country on the continent.

Estimated monthly cost for a retired couple: $1,500- $2000 (+- R23 167 – R30 889) per month

Tamarin Bay, Mauritius

If you’re going to retire to an island, let it be Mauritius! Located on the Indian Ocean, not far from Madagascar, Reunion Island and South Africa, Mauritius is home to many foreign retirees. It’s built up a top-notch health-care reputation, has a stable and thriving economy, beautiful weather and scenery and a program that grants residency and other perks to financially qualified retirees.

Estimated monthly cost for a retired couple: $1,400 (+- R21 622) a month

Pau, France

Pau in the Bearn region of France is nestled between woodlands and the Jurançon wine country. More than 50,000 expats, including many retirees, live in Pau and the town has ever-growing infrastructure, amenities and services to support expat living. France is also recognised by the World Health Organisation as having the world's best healthcare. Add to this the gorgeous scenery, warm climate, proximity to beaches and mountains and the low cost of living—and you quickly understand the appeal.  

Estimated monthly cost for a retired couple: $2,000 (+-R30 889) per month.

Pescara, Abruzzo, Italy

One of the most beautiful corners of Italy, the Abruzzo region has managed to keep its old world charm and remains one of Europe’s best bargains. The beaches are golden, the sea turquoise, castles and vineyards abound and the mountains soar above it all. The main town in the region, Pescara, has one of the best city beaches in Europe and is not far from some of the best skiing outside of the Alps. Italy grants residency to foreigners who can prove they can financially take care of themselves and the national health care system provides excellent—often free—care.

Estimated monthly cost for a retired couple: $2,000 (+- R30 889) per month or less

Even if your dream isn’t an overseas retirement, these gorgeous places should definitely be top of the retirement travel bucket list. Inspired and ready to pack your bags, but your retirement savings don’t quite agree with your dreams for your golden years?

Visit Discovery Invest or speak to a financial adviser to find out how you can benefit from their retirement plans or learn more about how you can get additional income of up to 50% in retirement, giving you the freedom to enjoy the life you want.



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