This gorgeous country is the No. 1 place to retire abroad

Submitted by Freedomman on Wed, 01/08/2020 - 22:45

You can do it on just $2,200 a month.

LISBON, Portugal (PNN) - January 6, 2020 - Picturesque beaches lined with golden sand, charming cobblestone streets, breathtaking medieval castles, fresh and delicious food - these are just some of the perks you’ll enjoy while living in Portugal.

On Thursday, International Living magazine released its 2020 list of the best countries to retire abroad, and Portugal snagged the No. 1 spot, earning high marks for quality health care, a reasonable cost of living, and the ease with which you can fit into life there (people are friendly, and, while it’s not an English-speaking country, many locals speak English). It climbed from the No. 7 spot a year prior.

Tricia Pimental, 69, who moved there from Utah, recently said that living in Portugal is “all about family, food and fun,” and the price tag is incredible. A couple could live a good life on $2,200 USD a month; Tricia estimates. This Iberian Peninsula country is one of the most peaceful in the world, and has a dynamism that feels fresh and distinctive as well as year-round temperate weather.

Panama took the No. 2 spot on the list, with high marks for the benefits/discounts it gives retirees (its pensionado program affords seniors discounts on everything from entertainment to train and bus fares to restaurants and prescriptions), and the ease of getting visas and residency. Panama is also relatively safe, with a low cost of living and decent health care.

Mary Taft, 63, who recently moved to Portugal from Massachusetts, raved about her experience in the town of Boquete. “It’s a place of indescribable beauty, and the culture is complex and vibrant,” she reported. “It’s not a sleepy town in the mountains; there’s arts and culture, birding, sailing, hiking, restaurants with chefs from around the world - it’s a foodie paradise. There’s so much going on here.”

10 best countries to retire abroad

1. Portugal

2. Panama

3. Costa Rica

4. Mexico

5. Colombia

6. Ecuador

7. Malaysia

8. Spain

9. France

10. Vietnam

To rank these countries, International Living asked its correspondents and on-the-ground experts living in 24 different countries to rate their countries based on housing, benefits/discounts, visas/residency, ease of fitting in, development, climate, health care, governance, cost of living, and other factors.